/biz/ - Business & Finance

First for NAK bulls

Trump will win.

Evens futures gap up
Odds futures gap down
Dubs circuit breakers this week

>>23199933
DUBS OF TRUTH

NAK TO $20

if you're ability to make it relies on one candidate winning over the other you already lost

GME to $20 this week

Reposting because old thread hit bump limit

What do you guys think about BBRY?
BlackBerry has been down in the dumps ever since its catastrophic failure to push BB10 as a competitor to Android and iOS (I think around 2016 is when it hella tanked). Since then they have basically laid off like 3/4th of their staff and tried to pivot to infosec, cybersec, and iot in enterprise. These are all buzzwordy but they have a history of strong acquisitions. QNX specifically comes to mind.

The stock has languished for awhile but 2020 is the first year they have seen a YOY increase in sales since *2011*. That's nearly 10 fucking years ago (the company has failed to increase its YOY sales for a decade!). But they also incurred a fairly massive loss this year too.

Any thoughts on whether this is a potential turnaround to become a low-mid tier software company? QNX especially is used in highly specialized applications like cars, planes, nuclear, etc so they aren't completely "dumb". At its peak, BBRY was over $200. Right now its sitting at $6 and has been below ~$15 since like 2013. But it seems like now they have pretty much completed their transition to software. There's no more hardware being built by them at all. Can BBRY jump up to like $20-30?

FY sales operating_income net_income
2014 6,813 (7,163) (5,873)
2015 3,335 (423) (304)
2016 2,160 (223) (208)
2017 1,309 (1,181) (1,206)
2018 932 283 405
2019 904 60 93
2020 1,040 (149) (152)

>>23199910
Just found out my mom (62) only has $150k in her 401k and she thinks shell be retiring in thw next 5 years. What do i tell her?

WKHS rewarded full 8 billion USPS contract on Tuesday

>>23200012
Get her some kneepads for Xmas

>>23200030
Kek

>>23200012

Depends if she owns her own home snd car and how frugal she’s comfortable with living. I know for a fact my redneck white trash 60 year old dad could get by on that and social security. But he’s also okay with eating just a can of beans for dinner and drinking natural lite

>>23200012
>>23200012
Tell her she's fucking retarded. How do people know so little about money?

>>23199984
>as long as enough traders and algos believe in a fairly similar set of TA rules it does predict the markets (within limits obviously).

what are the "fairly similar set of TA rules that enough traders and algos believe in", though?

>>23199992
This week will crab because MMs have to bog all the people who bought 10/16 options on Thursday and Friday. After the 10/16s expire worthless, then we may coom.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>23199992

Why pay $11.75 for GME when it is going to be delisted by February?

Are you a masochist?

>>23200117
He's not really right, but it's true that MMs do paint patterns on charts to get everyone else to do what they want them to.
Resistance and support levels, however, are really things that are more or less self-fulfilling.
livetraders has a bunch of great videos that explain all the things you need, just avoid all the advertisement pitch videos and only watch the videos by Jared Wesley.

GMEr's!!!! Do you understand what fucking time it is!!!!????

>>23200161
I'm so sorry
>>23199939

>>23199937
singles of truth

>>23200161

Gen 1 was the best ever with only gen 2 being anywhere near as close.

>>23199910
>Buffet is invested in Canadian oil sands
>During covid he doubles down and buys oil and natural gas assets

WHAT DOES HE KNOW THAT WE DON'T????

>>23200030
>>23200012
why kneepads when she could open an onlyfans and probably make millions

>>23200117
>what are the "fairly similar set of TA rules that enough traders and algos believe in", though?
They're really fond of the 200 day moving average (SMA). Price on indexes always hesitates around that line. It may or may not break through. If it does break through from one side to the other, market will almost always try to get some kind of trend going in that direction.

Also, if you ever get the opportunity to buy an index at the 200 week moving average you should do so even if it looks like a knife catch at the time. That is the concrete support floor in overwhelming majority of crash cases.

>>23200182

>trusting the wrong Cohen who just let microsoft bend them over a barrel and force them into a subscription deal that will cause them to loose money

kek

Futures are red so far.

>>23200204
he knows that the global economy runs on oil, and nothing elon musk does or says will ever change that.

Shill me a dividend stock

>>23200245
AAAAAAAAAA

>>23200254
Do you want to lose 50% of your portfolio while pocketing 10% in dividends in the same time period? If yes, dividends are for you!

>>23200254
I still like POR, I just don't like how it a long term hold when there is so much short term vol to play.

>>23200167
>>23200234
Whatever you say bud. I’m not gonna listen to some stupid nigger that doesn’t even know the difference between lose and loose.

stop going up

Is it too late to jump on WKHS?

>>23200204
Well oil/gas isn't going away any time soon. And Alberta industry is always one friendly government administration away from mega monies. Get a PM in power who will support pipelines and fight hard for good trade terms, they'll be back on their feet in no time. Unfortunately leaf land politics is a choice of left vs far left vs radical left and every single party big enough to actually win is pro globohomo.

>>23200305
maybe am time to consider not make short

Any bad news this week?

>>23200309
Of course not, tomorrow sees us at $30 and then who knows about Tuesday

>>23200327
Blnk is going to $5

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>23200342
>>23200320
o fugg :D

>>23200320
it never that time

>>23200342
I AM FINANCIALLY RUINED AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

what's /smg/s thoughts on QYLD? Thinking about adding it to my divvy port this week

>>23200254
MO
Pays $.86 a share with a $40 stock price

>>23200204
It’s quite clear, oil and gas has been made remarkably cheap to buy, you are missing out on a huge long term play. She’ll at £9 compared to before covid at £22-£25
Once Covid goes shares in oil will rise once again and there’s a huge profit to be made in playing long

pltr

>>23200012
just send her pics like this any time she mentions retiring

>>23200382
chasing dividends with a 4 or 5 figure portfolio is retarded when this is the time to be making +100% gains every couple months without even risking options

>>23200342
>>23200372
Anons, I'm so sorry for your loss

>>23200254
NEA has a nice yield for bonds, low volatility, and federally tax-exempt.

Qyld is a covered call etf with a nice yield and takes advantage of the higher IV environment.

Both payout monthly.

>>23200254
>Patrician tier
HD, LOW, FDX
>Boomer tier
KO, T, VZ
>Outperformed by SPY tier
DIV, SRET, SDIV
>TAX FREE... DIVVIES? (up to a point) tier
QYLD

>>23200327
>>23200204
>>23200245

So I would say that the ongoing trend is moving money outside of america for the longer term investors who don't want to eat shit on the volatility or inflation side of things.

If you're looking for news or trends this week.

https://squeezemetrics.com/monitor/dix

Normally GEX and DIX are a little like weather forecasts, not always accurate, not always able to tell you things you cant walk outside and see for yourself.

However this week we have a pattern breakout point toward very high vol this week, and given the rally back up above pre covid, and the positive past few days, I expect a pretty red week.

GEX is getting a little too high a little too fast not to take notice.

>>23200173
any in particular you'd recommend? i just want something that works that maybe i can automate to some degree (at least to scan for)

>>23200254
XOM. Bonus the stock will actually rise 50% over the next year

>>23200229
anything else?

>>23200006
I was going to write a detailed post asking what BB can do that separates it from the crowded data security pack, but then I remembered they're based in Canada and Canadian companies are always shit so why bother?

>>23200520
The 50 day EMA is also popular for small dips.

>Not going all in on GME
Imagine someone trying to hand you massive duffel bag full of cash and you refuse to take it because you're too scared.

Which cheap stock with potential is too cheap to not buy?

>>23200015
Finally, a stock I own is mentioned in a positive light.

>>23197910
Fuck that stock bought at 20 and it just kept sinking no reason at all sold at 15. Same happens to other stocks on no news for example 2 of my picks just kept going up for months....on no news. Just wish that id jump in on a stock that goes up without any logic whatsoever, i mean literal 25% or more in a single month on absolutely no news especially when the company has unresolved negatives.

>>23199063
Are you that anon who was recommending we jump in on Citi?

>>23200572
i went all into GME and i feel awful because i bought shares, not january/april calls

>>23200517
Lolol

stay alert
stay strong
stay diamond handed
stay coomin

XOM going to 20 a share

>>23200572
some people just don't understand how meme magic works and prefer to rely on dumb shit like facts, tea leaf analysis, and fuckboi analysis
many such cases

>>23200557
why not the 50 day SMA? i've also heard that the 1h is good, AMD is looking like a great time to buy at the end of the day yesterday.

>>23200254
>>23200458
>Retard tier
ORC because it's cheap.

Futures flat, crab day tommorow

>>23200462
I like turnarounds and 3 bar plays (which are typically wedges/flags on a higher timeframe).

>3 bar play
- First bar is about 2x larger than normal bars
- Second bar is entirely within the top 50% of the first bar, and has almost exactly the same high as the first bar
- Third bar is the entry bar (you enter above the high of the first and second bar, and place the stop loss under the low of the middle bar).
- Can also be a four bar play if the second bar is of the same type as the second bar.

>Turnaround bar
- First bar is about 2x the size of a normal bar
- If there is a volume spike (optional but confirms the setup) and follows at least 3-4 bars in the same direction as the first bar, will probably reverse; otherwise, will probably confirm strength.
- Second bar should also be about 2x the size of a normal bar, should have about the same bottom, and should top out at least 70% up from the previous bar
- Entry is above the high of the first bar, and stop loss is below the low of the two bars

Pic related for turnaround bar.

>>23200639
Sauron tier

>>23200572

>buying GME after the selloff continued right up into after hours
>buying GME after reports flying around Bloomberg terminals about how the MSOFT deal was actually them being raped by MSOFT
>buying GME because some shill from WSB wanted to offload his bags and posted cute anime girls
>having to explain your trade to your dad when you beg for money next week

>>23200557
Haven't really seen that one. 200EMA is retardstrong, otherwise 21EMA is fairly good, and 9EMA for small timeframes.

>>23200609
This is likely and where anyone looking to get into XOM should set their buys.

is this literally free money?

>>23200609
They unironically will as soon as they cut divvies. They're literally being outperformed by fucking DIV YTD, dude.

>NOOOO OIL WILL BOUNCE BACK ANY DAY NOW!!!!!
I don't deny that they'll bounce back *eventually*, but if your company is being outperformed by a fucking shitty dividend ETF, you got problems.

>>23200683
I would only have bought the 3rd zone desu senpai but yes, it's really strong.

>>23200672
there's no need to feel jealous for missing out on easy gains, we're all trying to make it together

>>23200544
>canadian companies are always shit
Well yes BUT there are periods of strong innovation. QNX, Nortel, BB all canadian.
>crowded data security pack
QNX is basically the god mode professional general purpose embedded operating system. It can be hard real time, and so they may be poised to sell relabeled white box computers (or virtualized OSs) as an integrated firewall/security solution with some price/perf wins vs every other "lets take linux and slap some shit code on top of it and ship it"

BB/QNX is also high tier for self-driving and smart automotive. You can't just slap off the shelf linux for self-driving at the production level, it requires lots of development to get something viable. QNX is used by lots of automotive manufacturers as a base platform for their self driving shit. And they are targeting like, full city-infrastructructure too. QNX runs on the smart-intersection traffic lights, smart road signs, etc and V2V and I2V is used for self driving.

Here's a more general question. Has any company with that kind of stock history ever risen back to not be complete garbage?

>>23200672
t. shorter

Is this a buy?

>>23200342
SHORT EVERYTHING!!!!!!!!

>>23200572
Pretty much am all in. I just keep some dry powder on the side so I can play pump and dumps and by more GME on the dips.

>IT LOOKS LIKE TIME FOR GME
>SO ALL THE SPERGS JUST FOLLOW ME
>HOLD ON TIGHT, TO YOUR TENDIES
>AND IF IT DROPS WE START TO REEEEEEE

>>23200462
The memelines make it a little hard to see, but the chart in
>>23200683
has a great turnaround at ~$3370. This is a trend-confirming type: no volume spike. Right after the MA crossover.
There's also another turnaround (reversing type) on the first bounce (4 LARGE red bars (that is key, wouldn't work if they're small), far larger volume than the few bars before on the last red bar, then green bar at about the same bottom taking out >70% of the red bar). There's another one at the second bounce, but it crabs a little before realizing (note that it does not break your stoploss while crabbing!).
I don't see any real 3bp on this chart, though it could be argued that there's one at the 3rd bottom.

>>23200832
woah based

>>23200766

I'll admit I never heard of QNX, bit after a very quick Google search I'm intrigued enough to dive deeper.

>Here's a more general question. Has any company with that kind of stock history ever risen back to not be complete garbage?

Off the top of my head Harley-Davidson did it before becoming shit again and Apple was really circling the drain after the dot com bubble popped.

>>23200726
gonna start backtesting the shit out of this, might start buying good stocks at and below the 200 hour SMA now. i'd consider doing it on futures but the leverage scares me. trying it currently with just 20 shares of AMD, with the option to buy more, just to test the waters since AMD is at that price point right now. im not sure whether to use 3x the ATR or 4x the ATR as my increments to DCA at. 3/6 seems more accurate for the most part, just looking at the 1h /ES it rarely gets past the 6x below the 200 but when it does you should buy the fuck out of it apparently because it doesn't stay there for very long (like maybe 1-2 days before recovering to the 200). pic related as an example (it gets to 12x btw at roughly the max, so you could do 3/6/9/12 or 4/8/12 or maybe just 3/6/12)

>>23200252
>>23200406
factors to think about
>usa being the #1 exporter of all petroleum and LNG
>ALMOST every other country being poor as fuck bc covid and lack of american interest in helping you(if we dont need your oil we dont need anything else along the way, ship it yourselves)
>usa has the cheapest energy prices in the world and soon north america will as well
will petroleum be so cheap the stocks dont go back to what they were? or will it be way higher bc now everyone wants a taste now that its cheaper?
additionally, what is the most expensive petroleum product that needs raw oil as an input? who ever makes that 2nd stage product will boom as their inputs(oil and energy for manufacturing) will be greatly reduced
will countries in the eastern hemisphere's people be so fucking poor they will use less energy?
Line could go up way higher then ever or smaller private companies all over take over lots of small pieces of the market because bigger corps like chevron and shell and shit arent going to bust there as for such cheap prices and might have to "sit" on viable projects like they did in the past.
what does everyone think? any factors I missed? way off the mark?

>>23200382
Consistent decay. Someone else made a post about it. Look at the long term. Depends on your strategy.

>>23200915
>additionally, what is the most expensive petroleum product that needs raw oil as an input? who ever makes that 2nd stage product will boom as their inputs(oil and energy for manufacturing) will be greatly reduced
Plastics no?

Anony works in the videogame store
Shortin' his pennies for GME
Papa Ryan left a note on the door
He said, Shorty, cover your shorts for more money
Shortin' too hard can give you
A heart attack (ack ack ack ack ack)
You oughta know by now (oughta know)
Who needs a lease in the mall out back
Is that what you get with your money

It seems such a waste of time
If that's what it's all for
Ryan, if GME's movin' up
Then I'm buyin' more
I'm buyin' more

>>23200908
Leverage should never scare you. You are probably doing something wrong with your strategy. Normally, you want to set your max risk in advance. Suppose you're risking $100, then you buy the amount of shares needed so that the difference between the entry price and your stop loss, times the amount of shares, does not exceed 100. Leverage, in that regard, is pretty much transparent (it's just extra buying power and does not negatively impact you in any way). If you cannot find a reliable stop, it means you are not looking at an entry, but rather at an indication of POTENTIAL reversal. In that case, you can aggressively enter as soon as you find a pattern, BUT NOT BEFORE. The pattern will fix your max risk for you and should only rarely (<10% of the time) result in being stopped out before the stock moves in your direction.
Given your post, while I would greatly suggest better research on the subject, a possible strategy is to enter at 4 ATR below the MA, and put your stop loss at 6 ATR, or whatever you find to be interesting. If that's $100, you only get to buy one share. If that's $1, you get to buy 100 shares. The total purchase price should never matte to you if it's supported by your margin, because even at $3.6m worth of /ES (it's a concept, don't get your panties in a bunch), you're still literally only risking $100.

>>23200975
maybe jet fuel as well,but again if people are broke as fuck then unless there are new defense contracts I dont see a major boom. right now thats what im searching for.
>tfw autistic enough to see moving parts
>not smart enough to know what to do

No mater who wins in November, 2021 will be the rebound year. Masks getting tossed in the garbage, people blowing money like its the 1980's again, people will be heading to Disney/comcast parks by the loads, KO will be flowing like wine all over...

feelin bearish this week lads

>>23201126
>No matter who wins

>>23201126
So money velocity is gonna skyrocket???

>>23200167
This is terrible FUD

>>23201126
Fed has been trying to make a rebound year since 2009. Maybe THIS time its different.

>>23201085
i don't want to have a stop loss. i want to DCA with a long bias and hodl with the expectation that it will recover inevitably. i would pair this with FA and current events. im probably not going to start doing this seriously until the election is over and things start to calm down in general, but assuming another covid-tier or 2008-tier event happens, historically this method literally always works if you just wait. the VIX is also a great indicator for when you should stay out of the market/shouldn't take overnight risk in general, but i also know that if it ever gets over 80 again you should probably dump all of your money in to something because that's roughly where the bottom is. but that happens extremely rarely, like once in a decade.

i don't want to buy at 4x below and then it stops me out at 6x only to go up later if i had just waited. now instead of profiting i just booked 2x the ATR in loss. im fine with waiting, i'd cut my losses if some serious news came out but like 95% of the time or more that shouldn't be the case. this can all be seen on the charts.

>>23200683
THIS NOT EMA STRATEGY
IT LITTERALLY JUST "BUY THE DIP"

ARK is comfy

>>23201215
defining what a "dip" actually means is everything, anon. if you're just buying blindly you have no idea how much lower it could go without a strong reference point that is used by institutions.

the horse chads can't keep getting away with this

>>23201126
Truly 2020 has taught everyone the meaning of life. Dare I say... YOLO?

>>23201261
IT NO MATTER WHERE YOU BUY IT ALL PROFITABLEEEEEEEEE

I AM FINANCIALLY OBLITERATED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>23201291
if you bought AAPL at 138 it wasn't profitable, anon.

>>23201315
I think they're referring specifically just to that chart

THE YEN IS GOING STRAIGHT DOWN AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

NIO or RKT

Post your portfolio soundtrack
https://www.youtube.com/watch?v=8AHCfZTRGiI
Yes I bought GME

>>23201342
oh. well the point is you want to buy low not buy whenever. theoretically you could buy whenever but you're much more likely to be bagholding for a long time if you do that and getting far less gains i guess.

My all time portfolio meme line looks like the rocky fucking mountains. I need to practice "scaling out" and secure some fucking profits but I'm married to this fucking horse.

Why doesn't "sell the news" apply for this contract?

>>23201344
Yurop cases spiking or why?

>>23201361
https://www.youtube.com/watch?v=oUbpGmR1-QM

>>23201380
Because the news isn't out yet

>>23201361
I’m guessing you’ve been holding GME for a single day anon. How weak are your hands?

As for more my 2 month old 100% GME profile
https://youtu.be/rcYhYO02f98

>>23201416
I bought in at 7$ for the first time, panic sold at 6.5, and bought in again at 13$, now I am holding until eternity

>>23201404
Fuck it will buy some WKHS weekly calls at open tomorrow.

>>23201452
>could've been up 50%
Sad!

Guys, I don't even care about money, or stocks, or the economy, or anything really. I don't care for sex (not that I could get sex if I wanted to). My expenses are minimal and I have no interest in products or luxury, except buying some nice used hardcover books once in a while.
I just like to see the numbers in my portfolio go up and the satisfaction from making good picks.
I-is that weird?

>>23201416
here's the GME hourly chart btw. note, again, how price can barely get past the 200 hour SMA, not even to 4xATR below.

i guess basically what im saying is: if it gets to around 9-10 you should probably buy that shit. specifically 10.2 and 8.93 right now. just some food for thought. also note the areas where it sold off at/above the 12xATR level, also food for thought.

>>23201482
>I-is that weird?
No, it's based

>>23201482
Based

>>23201482
Not at all. Different people get their dopamine receptors firing from different things.

>>23201482

Based.

Amd bros whats the deal with tomorrow? I can see a c+h on the daily chart and one hour looks primed to rocket. Will we see 100 next week?

>>23201482
Nah, it's not weird. Don't let anyone tell you different anon. You will make it.

>>23201455
Probably shouldn't do that

>>23201482
It's not weird but you're mistake is actually caring if that is weird or not in other people's minds.

>>23201478
Yeah I got scared of the drop, and I just started this investing thing in July (made like +50% with NIO) so I'm still learning from the mistakes

>>23201482
Pretty much me except I play stonks with the hope of escaping the rat rate and just living a comfy debt-free life in a small home and shitposting all day.

>>23201482
Weird? No. Autistic? Certifiably.

AMD BROS SOMEONE TELL ME WERE GONNA MOON THIS WEEK PLEASE FOR THE LOVE OF ALL THAT IS GOOD AND HOLY!!!

>futures

>>23201452
>I bought in at 7$ for the first time, panic sold at 6.5
so did you just have no confidence or knowledge of the DD at all? thought we discussed it to death back then that it was going to be a coinflip with big short-term downside but either way we'd break even or come out with a small profit by January even if it went awry

and oh man are we in such a comfy situation now when it's still only October

>>23201606
>>23201607
i hate that futures ruin weekend /smg/, like we don't even get until monday, it fucking sucks. go away, children. please for the love of god and all that is holy, fuck off.

No stimulus is a happening. That Steven Mnuchin dude is indicating he may be willing to go above the 2.2T limit but due to McConnell and the other majority of the senate all rejecting the others over the spending amount I doubt this one will pass either. (Which is fucking bullshit; oh hey lets get serious about not spending money when they've blown billions in an eye blink for other frankly stupid shit with no questions asked; aka the almost 20 year Iraqi mess being one. We bombed the place to hell now we've spent untold amounts of green rebuilding it)

DIE MARKET DIEEEEEEE

>>23201606
just take some of your profits and put half your money in TSM

>>23201643
UMAD bro? hahahaha

>>23201643
>futures are -.01%
>thread is now a red wojack thread
it's my favorite

>>23201647
Dude it isn’t about the money
What was in the Nancy deal was raw insanity. It would destroy us.

>>23201606
well i had done some catching up on my reading this weekend and amd appears tO BE OHHH FUCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK

>>23201361
Faggot.

>>23201634
Yeah well it was a stupid decision, should've researched more. Luckily it wasn't much money as I just started this whole stuff, I consider it as a lesson learned.

>>23201667
>>23201669
it's extremely cringe and shits up the thread with spam and low quality posts.

>>23201643
>NOOOOOOO ME AND THE NEETS ARE SO COMFY ON OUR WEEKEND CIRCLE JERK
kys it's big boy time now

Is my TLT play, smart or retarded?
Essentially, I’ve been following the markets for a few months
>Notice 10 year yeild goes up to .78-ish every once in a while, then goes back down to ~0.60ish

So I’m betting the bond yield’s start going down again, as the Fed is buying debt in bulk?

Any chance 10 year yeilds go up to like 1.6% or back to normal anytime soon?

>>23201606
>He didn't buy AMD under $20
lol sucks to be you lad but we're hitting $125 by EOY so just shut up and hold. Unless you gambled on options. You didn't gamble on options instead of buying shares, right?

Protip: if the market gaps down, any stock that gapped up on the same market (e.g. spy vs some nyse stock, or qqq vs a nasdaq stock) has retard-strength and will probably skyrocket the moment the market tries to pull back up.

>>23201725
Absolutely and unquestionably BASED

B A S E D
A
S
E
D

>>23201506
When GME hit 6.39, I'll stop buying puts.

When GME hits 1.39 I'll stop shorting.

When homeless men are giving out physical GME shares in the sidewalk (you), I'll consider trading the entire stack for a nickel and a small mcdicks cup of coffee.

>>23201760
I bought march leaps. I should be fine longterm right?

Oh nonononono

>>23201777

>>23201708
see
>>23201725

>>23201790
*snap*

One thing I don't understand about calls
If it expires does it automatically execute? So if It's actually down from when I made the call do I lose more than the cost of buying the option? Heard about the guy who got fucked AH on Tesla. My broker doesn't offer options at the moment. Just trying to wrap my head around it.

>>23201647
Watch them announce they have reached an agreement and will pass it on October 30th.

Can GME fags just make their own general ffs your boomer company is dead.

>>23201799

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHA GMEtrads on suicide watch

>I rly liked GMEanon but he just couldn't support us anymore, and I have needs. After the beating and public shaming he took, he couldn't even get it up anymore. Anyway... where are you taking me next GMEbobo <3?

>>23201595
Also my whole goal with getting an education, working a good career, and making money in life is to earn just enough to not have to work anymore. Ever since I became a young adult I have always dreaded the idea of working and losing all my free time. I really really hate working and just want to sit at home all day. Even though I have my dream job and get paid well I'd rather be not working than working. People say, "Wouldn't you be bored?" No. Fuck no. The times I have been unemployed and had no responsibilities have been the happiest times of my life. I'd rather work on what I want, when I want, for the exact amount of time that I want instead of wasting my youth running out the clock every week to fulfill some arbitrary 40-hour timesheet requirement.

https://www.youtube.com/watch?v=rJjKP8vYjpQ

>>23201482
Kinda same here. Though I like having stocks help with the bills. I'd also like to buy some rural land and just live there away from everyone. Besides that, seeing the numbers go up.

>>23201368
<_< me just trying point out after having made many indicators and gone down indicator rabbit hole

trading EMA basically just like trading price >_<
its not leading it lagging indicator
there not difference from saying "buy 50 day EMA" and "Buy price it was 50 days ago"

>>23201725
honestly I don't think it's a NEET vs. big boi thing it's more like a no-fun-allowed-r*dditnigger vs. everyone else thing

GME general when?

>>23201870
die, tranny.

>>23201861
A part of me wants a major crash so I can pick up some cheap and good rural land.

Shit rural land is always cheap.

>>23201085
I don't understand any of the concepts you're talking about anon, but they seem really interesting since I YOLO with leverage a lot more than I should. Can you give me some tips on what to watch or read before I end up blowing my account? Specifically for the use of leverage for trading stocks and the indicators you mentioned.

>>23201847
Nah just leave if you don’t like it. No one is telling you to stay here.

>>23201657
/f/ags will know why I have to link this
https://www.youtube.com/watch?v=Pka3psIK9Eo

>>23201777
Yall aint gonna check these fuckin digits? Shame on yall

>>23201416
All in on gme since the low 7s
https://www.youtube.com/watch?v=QOxnoMPntt8&t=9

>>23201777
digits: observed

>>23201882

Why do we need GME general when solid cohen is sending it to zero by the end of this week. Literally hundr.ds of analysts pumping out true and honest facts about the deal being awful over the weekend. None of you are holding past 8$, and it'll be 5$ be Wednesday.

>>23201881
the only people who complain about the "quality" of /smg/ posts are disgusting plebs

>>23201882
Go make one

>>23201926
You're a bit bearish on GME?

>>23201683
Imagine having no faith in AMD

>>23201847
Cope

Bros I need your help
What's the best way to short Tesla?

>shorters have quadrupled down on the bet that GME will go bankrupt
>MSFT signs MULTI YEAR deal with GME, signifying GME will NOT go bankrupt
>GME basically guaranteed to not only stay flat minimum, but steadily rise during new console cycle
>suddenly, large wave of FUD screaming that NOW, GME is finally going to be on its last leg and keel over
oh no no no....why didnt you cover after earnings when it dropped back to $6? that was your last chance shorty!

>>23201856
Same with me. Hell thanks to the virus I'm getting to enjoy it a bit early (Semi-retired; still employed as if I worked full time but I just go in as needed). But my actual retirement is just 11-12 years away. 49 and retired with no worries.

This week will be green anons. The bad news is behind us on the macroscale. Investors are wise to the case counts and the polls. Iron hands.

>>23201939
Well to be fair, it IS run by a woman.

>>23201870
it am sad ppl no listen just bcuz of way of type

Odds - I buy more NIO
Evens - I try actual day trading tomorrow

>>23201979
i think it's just one guy larping with the solid cohen shit or whatever he's talking about. probably has no position and just wants to fuck with anons. be wary.

>>23201973
Hack their update network and send out an update that makes every Tesla turn left.

>>23201973
selling call spreads

USD/JPY gapped at 5pm and has nearly closed the gap
Gotta say, Making the call that it would gap then close was a really fucking great call this morning.
I'm up 300 already. Which is nice.
10 hours of equivalent work in 2.5 hours.

>>23201790
This is such fucking cringe man. Go back to stocktwits and post as yeezy or some shit

>>23201993
Shutup you pathetic child. Youre really fucking annoying

>>23201937
Stock giving him (you)s. He's farming them and trying to push a incredibly forced meme that isn't funny nor clever.

>>23201994
what will your day trading strat be, anon?

>>23201979
Top kek fellow coomer
Well said

>>23201799
>>23201847
>>23201853
I was a GME chad at first but now I realize drumpf is finished. We can't let the coomers get the nuclear codes.

>>23202029
>Yall aint gonna check these fuckin digits?
>>23201902
fuckin' lel

The gme coom shit is so fucking annoying

>>23202061
How about you suck my ass, huh?

>>23202014
Idk man is it really one person? He's made like 20 fucking edits or something stupid thus far with his forced meme lmao. On Friday alone he was posting for over 8 hours. Maybe we should go full stocktwits and assume he's a paid shill.

>>23202054
Gif related is what i do to niggers like u

LeBron is the GOAT and he's bringing the chip home for Kobr tonight.

>>23202088
TOP KEK BRUH MY DIGITS ARE UNSTOPPABLE

>>23202088
nice dubs! :^)

I miss when the low point of weekend/smg/ was Baggie getting blackout drunk and just posting retarded shit....well, more retarded than usual anyway.

>>23201777
>>23202088
>>23202111
Bow down to your god KEK has blessed me

>>23202111
>>23202088
wut did kek mean by diss??? O_O
sum1 tell Qanon!!!11one1!oneonewan一wan一one

>>23202111

Look at the flange on those lads

>>23202061
Your whining is annoying. If you don’t like it, leave. Simple as
*sips*

>>23202101
What is LeBron? Is that a clothing brand? How can I short it?

>>23202111
Checked. At least use your powers for something useful.

>>23201937

Narratives for GME holding DISPROVED:

A)
Short Squeeze:
Already happened, and yet even at a 70% pump in a single day, shorters didn't close out the majority of their positions. Why? Because they have king kong bags and know that the stock is a piece of shit that will eventually fall, just like all the short term fomo retards know it is. Everyone knows it is going back to near zero, and after thursday, their resilience is only reinforced.

B)
Muh Deep Value:

Wrong. JC Penny, Blockbuster, Toys R US, the list goes on and on. Brand loyalty is a thing of the past. The online marketplace killed it, if there was brand loyalty, these companies would not be in distress to begin with, But ultimately it comes down to price.

GameStop moving forward would need to compete with the last surviving brick and mortar retailers who bring in customers who only head to the mall physcially maybe once a month post covid, and will pick up a disk at best buy, walmart or target where they can get other items as well.

These will be huge consolidated stores which will capture vacated market share and outspend GME on marketing and promotions.

Digitally they're up against amazon or the console makers/ steam, whos economies of scale present no contest.

C)
Liquid Cohen wants to acquire it and turn it around!:

He did. At 2 or 3$ a share. He doesn't have the bags or the interest to take a dying piece of trash like GME up against amazon at 14$ a share.

The deal with MSOFT is an act of desperation, and will only poison the plans he had for the company to help mngmt maintain control.

D
Cooom:

Nihilistic self hatred and cat memes will take me to the moon pajeet shitcoin shill style.

t. I hate money

or

Open short position and make some $$$

>>23202111
Maybe you should use your digits to make AMD moon :^)

>>23202061
spotted the loser with no GME position

>>23202061

Yeah its the worst forced meme I’ve seen in a while. As bad as the show me da wae shit even.

>>23200672
cover your ass bobo because you're about to get raped

>>23202161
I wish i could use my powers to get my boi pucci slammed in a porta potty uWu

>>23202088
Checked and hieled

What do you guys think about the prospects for GME tho?

>>23202088

Based.

>>23202159
Coom on man, the cost of your shorting is cumming out of your own pockets

>>23202174
>it was the porta potty poster
>You're taking BBC in the porta potty again?
>5 minutes ago you were talking about 1488, and you're taking BBC in the porta potty again?

>>23202174
Been meaning to ask you, what's your deal?

Whats the thought on BNDSF?

>>23202222
checked

>>23202159
Thanks. Gonna buy more.

>>23202222
Fuk u mean cracka?!

>>23202159
I mean, the awkward deal with Microsoft does kind of make me think insiders just wanted a big name attached to a deal to pump the price up before they unload and file chapter 11. Not saying that's gonna happen, but if /smg/ were objective, this would be discussed objectively.

>>23202216
LMFAO

sbe chads where ya at

this will unironically be a blue chip stock one day

>>23201482
congrats you realized the whole point of bag holding.

$30 SQQQ November calls are cheap. If tomorrow is green I’d recommend everyone picking these up. We’re bound to have a mini crash sometime after or slightly before the election

>>23201760
everytime AMD just falls I just buy more shares and wait.
I mean that shit will eventually hit 200 mid next year

>>23202238
You post the weirdest shit, and do it consistently. Why?

>>23201895
The most basic idea is very simple.
You are new? You want to try trading without blowing your account? Start with, say, a fixed $10 risk.
So your risk is $10 and you're eyeing a stock worth $500. For simplicity's sake, let's skip the part where you identify an entry, exit, and stop loss. Now, you don't want to ever* lose more than $10 on this trade. How do you ensure this happens?
Position = $10 / (Entry - Stop).
Now that you know your position, just buy. If you have a good, tight pattern that's just $1 under the entry, you're buying 10 shares of that $500 stock, which is $5000 in total. Yet, your risk remains just $10.
Thus, leverage is your friend here. It means you can take much higher risk if you are already profitable. If you are new, it means you can buy $10 risk ($5000 worth of stocks) despite having an account only worth $2500. In any case, leverage has no downsides for you and lets you profit from a $2 move (0.4%) at a rate of 2R (that is, 2x your target risk) regardless of your chosen risk level. At 2R a win, you only need 33.4% winrate to stay profitable.
Livetraders on youtube have lots of contents on this and similarly useful topics.

* Statistically. Slippage may occur of course.

>>23202284
>We’re bound to have a mini crash sometime after or slightly before the election
What if September already was the mini crash and it's already over

>>23201994
See >>23202032
Also please explain your risk management plan in details.

>>23202088

>>23201790
Are you the same nigger posting old "CLOSING" gamestop photos? I assume you're shorting GME? Look, let me tell you something dumb bobo, you're gonna get RAPED.

>>23202309
Kys tranny

>>23202126
you flew too close to the sun, anon. kek has now forsaken you in favor of another.

>>23201799
Cohen/Burry are smarter than whoever wrote this. I'll exit GME when they do.

>>23202244
checked

these guys (pic related) used to cold call housewives on the phone pitching stocks for insiders and institutions to offload, now they come onto the chans, forums and reddit to pitch worthless pieces of shit like GME

ask a GMEtard to defend their position... they can't, 8/10 times they're som pajeet being payed to do it. they don't understand the first thing about the market or economics, just a mercenary meme army for hire

>>23202309
he lost so much money TA that he maximum autissimo.

imagine being here to learn instead of shitpost and dab on your enemies

>>23202353
based on what? give me a reason that GME will do anything but tank.

>>23202244
They have more cash than their debt though.

>>23202284
Doubtful. The march plunge was pricing in literally the apocalypse. During the riots, line just kept going up. Central banks have proven that they will buy everything to keep the music playing. There could be roving gangs of raiders and mass starvation and the SPY will keep rising as long as fomc says they gonna keep buyin

>>23202388
Short interest still above 100%. clear support at $11 and $12, stock is being talked about around the street.

source: work at quant firm

https://www.youtube.com/watch?v=dX6xBdcdUCg

OH NO NO NO GME BROS WTF IS THIS PROFESSIONAL FUD???

Im getting really sick and tired of all these seriousniggers lately.

>>23201482
try gambling, I think you'll like it

>>23202032
>>23202335
there is none, im just buying random shit, see if it turns green, then selling it and buying more random shit

>>23202344
Yep flipping puts again tomorrow.

have you ever coomed from a trade

DIE ES_F
DIEREEEEEEEEEE

>>23202414
the moment we get bullish articles everywhere is the moment i trim my position significantly even if short interest is still high

>>23202435
I coom everyday while watching the GME chart
Every, fuckin', day

bears are not allowed

>>23202435
yes kek
heavily longed 2200 in January

>>23202426
let us know how that works out for you, anon.

>>23202414
Absolutely bullish.

https://en.wikipedia.org/wiki/Jim_Cramer#Admission_of_market_manipulation

>In a December 2006 interview, Cramer described activities used by hedge fund managers to manipulate stock prices—some of debatable legality and others illegal. He described how he could push stocks higher or lower with as little as $5 million in capital when he was running his hedge fund. Cramer said, "A lot of times when I was short at my hedge fund ... When I was positioned short—meaning I needed it down—I would create a level of activity beforehand that could drive the futures." He also encouraged hedge funds to engage in this type of activity because it is "a very quick way to make money."[33]

>Cramer stated that everything he did was legal, but that illegal activity is common in the hedge fund industry as well. He also stated that some hedge fund managers spread false rumors to drive a stock down: "What's important when you are in that hedge-fund mode is to not do anything remotely truthful because the truth is so against your view, that it's important to create a new truth, to develop a fiction."[34] Cramer described a variety of tactics that hedge fund managers use to affect a stock's price. Cramer said that one strategy to keep a stock price down is to spread false rumors to reporters he described as "the Pisanis of the world," in reference to CNBC correspondent Bob Pisani, who Cramer insinuated was able to be manipulated, saying "You have to use these guys." He also discussed giving information to "the bozo reporter from The Wall Street Journal" to get an article published.[35][36] Cramer said this practice, although illegal, is easy to do "because the SEC doesn't understand it."[37] During the interview Cramer referred to himself as a "banking-class hero."[38]

>>23202434
Ya I might do the same. Made ok money buying puts on Friday and flipping same day. Too early to say though uptick rule yada yada. I'll decide which way to go after I see what its doing premarket.

>>23202407

>yowah numbah awww goood, vewyyy goood. rong rife if you smoke rhino penis, strong vewy strong.

You work at a quants firm and you're talking number magic and chart worship to me about "strong supports" on a stock that was up 70% in a day and down 12% the next?

What the fuck do you do there anon wash the fucking windows??? holy kek lmfao

why don't you go and pull up your terminal tmrw and read whats being said about GME

>>23199955
MORE DUBS
NAKNAKNAK

Anyone into ARKQ? etf specializing in AI, etc

>>23199933
nothing will ever happen to NAK until we find out if trump is elected.

>>23202414

A P O L O G I Z E

>>23202395
That may be true but all the physical locations may be massive liability. If they can't convert their business I don't know how they'll survive.

>>23202505
I get my exposure to that from IRBO but it's not a pure AI etf, lots of robotics.

>>23202444
This. Always doing the opposite of what media tells me to do has served me well in life so far. I find it difficult to believe it'd be much different when it comes to financial news.

>A Tale of Two Peters
Well well my /SMG/frens! Look who i found at my local library it’s Peter Navarro and Peter Schiff in the same place at the same time!

How do you think Schiff and Navarro are REALLY positioned right now? All complex hedgings or just Fuck China stocks and Shiny Rocks?

What’s gonna happen with GME this week?

>>23202490
If you knew anything about how the quants running algos work you would know that they enter every trade with clear profit-taking targets and scale out the same way they scale in. Thursday was algos taking profits once the numbers showed it was overbought (look at RSI on friday morning for a more base-level example of this, firms use much more complicated metrics than RSI) and then that selloff spooking other FA investors and retail.

As an aside: Is this your first time seeing consolidation? Everyone knows GME is a short term hype play, everyone is exiting by EOY.

>>23202505
lel the NAK stocktwits is entirely election discussion now.

>>23202567
*friday was algos taking profits, whoops. Typo.

>>23202505
Just checked out ARKQ. Looks pretty decent and is going nowhere but up.

>>23202557
Probably slowly bleed, just like the week(s) after the spike to 11

>>23202472
Cramer is a hero for the stuff he exposed in his books and clubs and tv appearances. “Journalism” like that is why he doesn’t do it anymore.

When I say hero it’s a bit sarcastic. I don’t know how many people he reached and he’s maybe lawful evil or neutral at best.

He’s good at getting attention. And the press knew people would read hit jobs on him.

I plan to hold my stocks till I die. Sure later I plan to sell part of my C holdings but I'll still keep some. Which means if I live to be 90 is 53 years worth of gains and divvy payouts.. Then I'll park it all in a trust so my heirs can't sell them. (gonna screw them good to and keep control over it even if I am dead)

>>23201164
No.

>>23202520
their stores themselves are fine, covid has also presented the best excuse to speed up closing down less profitable stores

sounds like you didnt even bother to look at their numbers which makes me wonder why you even bother commenting on G*ME

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
I’M A FUCKING NIGGER

>>23202520

Actual GMEtard train of thought:
"Bro, look bro, theres a lot of value there. Sure its a 2003, but bro look at all that metal, I mean its a car after all, you're not going to give me at least 1000 for a car?

Bro sure you'll have to totally redo the engine, the tranny, sure it's probably going to cost you more to repair and get it legal to drive, sure you'll have to replace every single part inside of it and it will cost you more than a new car would.

But bro, its a car right? And and....cars are worth money, right bro? I mean when I bought it I payed way more for it than that, it can't be worthless"

>>23202557
Probably crabbing down, thinking of getting some short term puts

>>23201870
>there not difference from saying "buy 50 day EMA" and "Buy price it was 50 days ago"
Not quite but yeah pretty much. If you only have price data you will need more sophisticated methods than IIR or FIR filters.

I have a LOT of 11/16 14$ calls that I bought with profit. Should I sell? I’m worried but I was hopeful we’d go back up. Friday was bad

Sell all of your WKHS during power hour and flip to puts while they are cheap. Oshkosh calls are cheap too.

Last chance for WKHS Post-Contract PTs. Let’s hear em:

>14 posts by this ID
FUD me more daddy

are they supposed to be discussing shit like this publicly?

should i just start lurking the gamestop reddit regularly in case some idiots leak insider info again?

am get feeling people waiting for new thread for post, lets fix that !!

NEW @_@ !!!!

>>23202709


>>23202709


>>23202709


>>23202709


NEEWWWWWWW

>>23202709


>>23202709

>>23202567
>>23202581

So you seriously expect them to start buying back in at 11.75$

I am not an algo wizard but I have to think some aspect of reality is taken into account. I also think that given the exit timeline buying back in at this point is a very risky trade and a short timeline pre election to take and a short timeline to exit b4 eoy.

I can't imagine what sort of spreadsheet magic you'd need to do to justify buying back into GME as an institution at this point.

>>23202621
>I’M A FUCKING NIGGER
I know scoops. I know.

>>23202710
Leave a comment as ronoron

>>23202716
>13 posts early

kys

>>23202710
What are they even talking about?

>>23202775
I dunno but I doubt it really counts as
>super top secret insider information

>>23202717
Why do you care enough to make 15 posts? You're either shorting, being paid by someone who is or some kind of reverse psychology shill whose low-grade fud is designed to trick people into buying more. Either way you're a massive faggot.

>>23202607
>gonna screw them good to and keep control over it even if I am dead
Its for you king

>>23201249

>>23202604
It's chaotic-something by definition, holy shit it's not that had retard.
Chaotic good if you believe the thesis he wrote it to reveal shit for the greater good, chaotic neutral if by incompetence, and chaotic evil if he's merely reveling in telling people who evil he was.

>>23202088
checked and keked

>>23201799
>GME has to buy the discs to sell the discs which gives it an inventory problem
There's no point reading past this lmao