/biz/ - Business & Finance

>>26544461
Already got 1 share of BB because I'm broke
hopefully it goes to $25

bb won't happen. People are going to focus on GME and everything else will make small jumps if anything.

>>26544461
It better be AMC next. Just got some of those.

Hopefully it should be more than 25 if the same amount of people invest in it as they did to gme just make sure you watch it especially in the frist couple of hours the market reopens its likely to not explode tomorrow but definitely sometime this week or next week

Was an idiot to buy at the absolute top, if it peaks again Im not even going to run it out ffs

I didn't follow this much, but I recall there was an argument to be made for gme (cashflow, real estate etc..) does Blackberry have anything going on for them?

I may be wrong but isn't doing this literally a federal crime in the US?

>>26544461
>how the internet plan to inflate the gme shares
You mean how normal investors were able to make investments contrary to billionaire assholes responsible for plundering suffering businesses? Fuck you.

The business practice involves finding a cheap stock and getting a vast amount of individuals to invest in it this creates demand rising the price that cause others to notice its rise and then they invest so on and so forth

>>26544594
The thing that concerns me about BB is the CEO selling off all is shares at $13 and now they say they don't know why the stock went up either.

>>26544680
Yes they literally got a big investment from amazon

If we could actually continue doing coordinated pnds like with gme, we could all be rich by the end of the year and simultaneously screw over all the kikes.
however, not only is it unrealistic it is also illegal. so it will never happen.
also if someone in a government position were to read this post i would like them to know that i was not advocating for this illegal act to occur, i was simply stating the potential rewards that would come from it.

Its not a crime because it is a assisted group of people doing it we are counted as individuals however this loop hole won't last long legislation is gonna fix this shit asap as soon as they discover the source

>>26544853
>>26544831
Fuck those kikes. They steal from us every day. It’s time we took back what’s ours.

Just for the record I am not telling anyone to do anything I am merely pointing out what will happen if thses event go as predicted

>>26544725
Link??

>>26544687
No. What is happening is people are assfucking people who are doing extremely ethically grey trading

>>26544853
How can they close this as a loophole
I simply like video games lol so I bought some GME and wow oh look it went up so I'm selling to buy some videogames lol

>>26545081
https://www.bnnbloomberg.ca/blackberry-insiders-unload-shares-amid-biggest-rally-in-21-years-1.1552660

https://www.reuters.com/article/us-blackberry-stocks/blackberry-says-unaware-of-reason-for-stock-price-surge-idUSKBN29U28L

NSRP is about to get shilled a lot
low volume with a 77 cents price
With low volume biz could easily pump it
buy 100 stocks at 77 cents
buy a couple stocks at a time a little higher
merry christmas

>>26545280
>Israel
Nice try

>>26545235
Why

Fuck off back to wsb, you fucking niggers.

>>26544594
BB doesn't need to be a reddit PnD to pump hard

It's a legit and undervalued company where normies dont even know they develop software for EVs

And ofc there isn't any short interest to do the GME thing.

>>26545605
Idk it's a shit stock, fuck you

I bought amc and bb at the markets open this morning and it's been one hell of a ride. Think it might fly tomorrow, sadly I bought gme at 105 thinking it was just a small dip from 150. It's been slowly recovering from dropping into the 70s (88 atm)
these faggots are running the game, hop on or miss out

>>26546033
>sadly I bought gme at 105
It's going to hit 1k in a month. I've got 20 shares @ $70 and I'm going to keep holding for a while. The squeeze is just starting

>>26546520
add a zero

>>26546033
It is a game of chicken with the shortsellers, look at the dip here before the huge spike, we are in that first area.

>>26544725
BB CEO is a dumb chink who recently sold patents to China to use against Uighur populations.. still buy BB tho

how do people figure this is somehow going to beat the institutions? isnt it more likely the institutions with ungodly wealth are simply funding this reddit operation? they want everyone to load up on longs and are going to blow them out so hard the stock goes into the negatives

i literally know nothing about stocks, but i've never seen so many "load up on gme, free money" posts before

>>26546934
Because throwing money at this doesn't make it go down it makes it go up

>>26544461
Fuck off with this boomer stock

>>26546934
Because that is how shortselling works.
They basically bet that the stock will tank.
People see this and buy the stock.
The banks are left in a position where they can either
A. Just take the loss and buy the stock back, thus making the stock price go up.
B. Double down and wait it out hoping it goes down.
They are doing option B right now.
See >>26546726

Can we just do tlry? Technically it looks good, merger with aphria coming up as a catalyst, and is profitable.

>>26546669
10k a share will be lit

>>26547950
All true, except it’s not banks: it’s hedge funds.
Banks generally don’t take positions on equities - they’ll hedge out any shorts with longs. If anything, they might benefit as they’re going to be on the other side of the hedge funds’ shorts.

>>26544461
In at $61

When do I sell?
What day?

>>26546934
Other institutions are also in on this. There's blood in the water, the sharks are already here.
Unless they're in cahoots with the shorts, then may god help us all.

You guys are fucking morons. GME wasn’t a pump and dump. It was the most heaviest shorted company on the stock market. Hedge fund managers got too cocky and didn’t even bother paying attention to how unhealthy that was. Literally only took a small amount of upwards movement for gme for all these shorters to be like ooooo shit I need to cover my shorts creating even more buying pressure. This cycle will continue until all the shorts are done. You ain’t seen nothing yet

>>26548814
this is the most entertaining thing I've witnessed in a while. It's pretty satisfying seeing a bunch of retards meme a stock and make hedgies seethe

The shorts are in a prisoners dilemma now, if any of them capitulate it fucks over the rest of them. The first guy out will keep his shirt, the next may still have his underwear, the next one will be stripped to the bones, everyone after that will have their entire line genocided.
Current long strategy is to create maximum short term pain so someone's risk department says this is retarded and fucks everyone.

>>26548360
yeah, I was typing fast, you are correct.

>>26546934
There’s a lot of bubbles popping up and the fed is easing on printing so the whole market will crash horribly soon and that’s how this ends. Sorry

its a numbers game, hedge fund just received another couple billion to outposition the already established positions. Unless hedge funds of competitors are helping wsb, the citadel investment group will prevail simply trough numbers.

>>26549099
No, they will try to scare people into selling because they have too much to lose.
Just hold until it skyrockets and we win.

im pretty sure this entire thread is bait

>>26549143
GME had 300% short on its stock, it's not a trick.. look yourself.

>>26549099
The point is, they can ONLY prevail if people sell.
If enough people do nothing but hodl, then it doesn’t matter how much they throw at it, the price won’t come down.

>>26546520
>>26548113
i mean good luck... I dont think its going to work out like this

LOL just realized I cant even buy stocks right now because they arent 24/7, what bullshit

>>26548814
tell me, do I go all in on GME and hope to moon when the hedge options expire?

>>26547950
What about if GameStop issues a huge number of shares

The shorts are experiencing huge pain, they pay interest on their positions. When they're forced to close their positions by their investors or risk management, they'll have to pay highway robbery prices since they're are no more available shares (because they shorted more shares than exist), skyrocketing the stock prices since there are no more available shares.

>>26544725
>>26544530
>ordered 1000 worth of shares from BB
>robinhood didn't complete buy my shares when I placed in sunday
Who is defending this companies, the feds? Robinhood?

>>26549310
Possible, and it would be good for the company...
But they would be tanking their own stock and diluting it for minimal gains, it would be smarter to just hold out until it is incredibly high, and then just sell your own shares and buy them back after it tanks naturally.
Depends on how many hedge fund friends the board of GME has I guess.

>>26549418
So buy now and profit?

>>26544627
AMC has 16.22 million in the aftermarket - my suspicion is this and NOK are the next big squeezes, BB is flaking

>>26549434
I’m sure GME loves the hedge fund managers shorting their stock to death. I can imagine Ryan Cohen and the boards smile watching these retards get what they deserve.

>>26549457
It's high risk high reward, short squeezes like this aren't common. The big market firms overexposed themselves on a 'safe' short on a shitty and now they've lost 70 dollars a share. They're doubling down which makes the potential gains even sweeter if the stock gains even more retard strength.

>>26549181
can they not mass buy stocks and pump it along when its really volatile then manifacture strong dumps on intervals to manipulate the price in their favor?

>>26549310
The board’s primary responsibility is to shareholders, not the company.
Taking the option to issue stock (assuming the company’s articles allow that without shareholder approval) would be risky.
They would have to be certain that there are no other options to help pay off debts, etc., or they would open themselves up to liability (personal liability: their own money).

will jews seethe if I buy this?

I could of literally been and 30,000+ dollars richer and finally not be poor, should of bought this this shit at 17-19

>>26549526
The next is still gme. It just has too much going for it. Low market cap, ungodly amount of shorts, and is actually a fundamentally decent business that is turning itself around. Nokia market cap is too big imo, and amc is actually dying unlike GameStop

>>26549457
They wrote a check their ass can't cash, buy now.

>>26549619
The powers that be are trying everything they can do to FUD people from hodling. What do you think?

>>26549602
Mass buy from who? Of hodlers hodl, then they’re going to be pushing the price up every time they try to buy. And if they’re panic buying and pushing the price up, nobody is going to sell.
Meanwhile, they blow out their shorts and any options expire.

Leddit is jumping ships and drumming up more hype on BB now that GME got dumped.
Next field trip starts tomorrow, better now than never.

>>26544461
R8 my portfolio for this week.

>>26549292
If you have balls of steel. I’m playing this game for sure. Something like this is so rare, but Im doing it with money I’m comfortable losing at night. Do what you’re prepared to lose. It’s easier to take emotion out of the equation this way and it’ll be easier for you to hold

>>26544461
Buy up bbby too, it has similar stats to GME

>>26549630
You learned the hard way like the rest of us. Better hop on bb while you can.

>>26544461
what is the short interest in BB?

>>26549750
Better than me

guys, im pretty confident in GME this week from what ive read and even if it doesnt work i can manage it, but im worried about fucking alterior forces ie jews, like, can/will they just fuck our shit up and say no more money

>>26549418
>because they shorted more shares than exist
Okay this part I don't get. Do you mean they shorted more shares than what people are willing to sell right now? Like they were expecting if the price tanks then everyone is going to wanna sell and more shares enter the market?

>>26549946
You're fucking stupid. The pump happened already. See: Meme Chart Pic Related

Whenever you're tempted to join in the hype and euphoria of a highly publicized meme stock remember the chart

>>26550048
>Catalog
i already made out on GME. i havent bought again yet thats why im asking.

>>26550048
Were in thrill stage

the bet on GME is that short position is going to lose their minds on Friday

>>26550004
You could probably just do it with different settlement dates.

>>26549750
You put that much into a RH account?

BB 22c 1/29
BB 25c 2/26

I'm going to be printing tendies.

>>26544461
Im all in BB and NOK

Unironically fill me in on this - I sold some GME a couple months ago for a decent profit and didn't look back, should I actually buy back in for a quick flip? And what about BB and BBBY? How likely is it that they'll actually skyrocket?

>>26549866
30% op is an retard for comparing it to GME

>>26550492
based

>>26547950
>B. Double down and wait it out hoping it goes down.
Nah. Usually big time investors are not allowed to do that.

>>26549526
AMC had 3x the trading volume of GME today. Something big about to pop. Plus they just got 1 billion in investment capital with new backers.

>>26550524
yes let me just look into my crystal ball and tell you what future stock prices will be

>>26547950


Okay do I buy GME now or wait till open? I’m on West Coast so that’s early as fuck right?

>>26550718
Don't really matter. Buy at dips, and hold until the huge spike.

>>26550777

Checked ty fren

Can't wait for this thread to be used as evidence in an SEC court case and the judge will have to look at this image

>>26544461
I'd be more inclined to research API3 than these penny Robinhood stocks.

>>26550841
I did not know talking in a public place was against the law.

>>26550841

>>26550841
Judge we had the financial fortitude to see how irresponsible these shorts were that were crippling a company for no good reason. If anything they should investigate them

>>26549276
With robinhood you can put a request to buy at a certain price or when the market opens up. I'm a poorfag so I hesitated on GME until after close but I've put a request for 1 stock at $88. I would put more but I can't afford it if this hype is all bust.

Everyone is betting on a huge price spike but how do you make sure you manage to sell when it spikes?

>>26550841
SNEED

>>26550841
Greetings my fellow Americans of the jury, your honor. I would like to open todays processions by having the record state that the image here next to my post is a depiction of my wife, Lucina.

>>26551087
>88
based

>>26551109
set up a trailing stop

>>26549600
Checked.
Thanks for the humorous and accurate take.
>>26551186
Thanks for the chuckle.

>>26550004
>>26550341
To be clearer:
Assume A owns 60% of a stock.
- I borrow stock (at $100) from A on T, with an obligation to return the stock T+10.
- I sell the stock on T+1 to B (for 100)
- I borrow the stock (100) from B on T+2 with an obligation to return T+8.
- I sell the stock to C (100) on T+3.

I’ve made $200 from the sales to B and C.

The short interest is no 120%. I’ve shorted 60% of the stock twice.

- I buy the stock back from C on T+7 at $50
- I give it back to B on T+8 as promised
- I buy the stock from B on T+9 for $50
- I give it back to A on T+10 as promised.

It’s cost me $100 to buy back the stock. My profit is $200 sale price, minus $100 buy back price: $100

>>26551301
This feels like market manipulation, which I'm (not a lawfag) pretty sure is illegal.
Unless you're a broker apparently.

>>26551109
You will know.
See
>>26546726

>>26550004
gme has 69.75 million shares. They've borrowed more than that as a group and are contracted to buy them back whenever they close their position. Over time they can buy it back as shares enter and exit the market with different dates. But them buying or us buying creates upward pressure on the stock price. If the stock rises enough and a enough short term pain occurs and the doomsday positive feedback scenario occurs they'll have to buy the entire value of Gamestop and more all at once since people will see their desperation and drive up the price. Firms could go belly up if all the cards line up, it probably won't be as dramatic as when Volkswagen became the most valuable company in the world for a day, but the market is seeing that this could happen and is pricing it in which is funnily self-fulfilling.

>>26551378
You can short something if you want, but there's infinite risk since stocks can only go to zero when you buy but there's no ceiling on how high they can go. Also depending on how much shorting goes on you have to pay higher interest rates. GME shorting costs you (and the big shorts) 25-27% in interest now.

>>26551378
I am a lawfag (derivatives specifically)
Nope. Not market manipulation.
It’s just rehypothecating (reusing borrowed assets or collateral in further transactions).

Just buy QQQ

it’s backed by the US treasury, FED and is literally the assets of our Silicon Valley overlords.

>>26551378
>>26551625
To add: reypothecating is explicitly permitted in repo and sec lending agreements (as well as most derivatives collateral agreements)

>>26551625
Why are there faggots around here that are saying that advocating for purchasing more GME is illegal?

>>26544958
Based

>>26551723
It’s Melvin capital trying to scare everyone away so they can effectively short

>>26551625
>>26551802
Also, thanks for answering my misunderstanding.
>>26551700
And checked.

>>26551723
Because that could be market manipulation (collusion), depending on the circumstances. Saying: “I think this stock is ripe for a short squeeze and I’m buying” would not be manipulation. Saying “right lads, let’s all buy this stock to pump the price and squeeze the shorts” could be (note: COULD be - it’d be hard to prove real collusion amongst a bunch of strangers and fomo investors)

Doubling your short (as per: >>26551301) is not manipulation. (Except perhaps in the unrealistic scenario that I used as if you owned - or controlled through borrowing - 60% of a stock, then you could affect the price with a sale or purchase).

I know this is a stupid question but this is literally my first time jumping into this stuff

I have a pending order on trading212 for £550 in Gamestop. t212 is listing the current market price as $76.89 a share but the after market price is currently at $88.87.

When my pending transaction goes through is the amount of shares I'm getting based on the $76 or is it going to be based on whatever the stock price is is when the market reopens?

>>26552003
The latter, whatever it is on open

>>26552124

Damn. So basically I need to hope it doesn't rise too much before open

>>26552003
I wouldnt recommend having a buy order on open. It could go high and settle. Just be ready on the trigger if you want in and go when it is low.

>>26552321

Can I just cancel this without repurcussion and place a new order closer to opening time if it still looks good?

>>26552387
did you not place a buy limit per share? you may be able to cancel, depends how long ago you placed and with which broker

>>26552514

I don't think I did on purchase but looking at the app it seems like it automatically set it to $76.89.

So I'm assuming this transaction would have just automatically failed tomorrow unless the stock price went under $76.88?

>>26552654
yeah it'll fail for sure, unlikely for price to drop below that overninght

>>26550048
I'm not going to think "My investments are in great companies."

>>26544461
bb puuuuump it

>>26552003
>>26552751
>>26552654
I'm in the same boat. On robinhood looks like I could just cancel it. So just place a buy order at open?

I put all my extra money in because fuck these brazilians

>>26552943
you could, but it'll likely drop below opening price at some point tomorrow. Depends if you wanna risk waiting on it to drop

>>26544687
doing what exactly, buying shares in a company?
how could this be illegal.

BB shorts

>>26544679
it is up big after close. should be fine, but if you're scared be ready to sell right at open tomorrow

>>26550354
>did you knowed robinhood bad?

Shut the fuck up you little queer.

>>26550638
They literally already have.

>>26553336
explain this to a brainlet

>>26551079
Ah yes I'm sure the american government will start punishing wealthy and irresponsible investors any day now.

>>26553536
a lot of hedge fund are shorting BB.

If you get internet schizos to buy BB, that drives price up

if price go up, hedge fund is forced to buy in order to cover their short. this drive price up even more, and make other hedgie buy more and line go up and other hedgie buy higher and line go up

>>26544831
Start a discord group

>>26553536
a larg eincrease ins horts is indicative that large instituional investors, hedge funds etc. are betting on that stock to drop in value. If it goes up in vlaue they lose a lot of money.
Reddit proved earlier this week that retail investors (ie. normie people) have enough clout to push a garbage stock like Gamestop up, forcing the short selling jews tose money.

Blackberry is the next target.

>>26553648

>>26553536
If people buy a lot of it, it will domino into a bunch of shit and make it spike like crazy.
People are mainly doing this with GME right now.

why is everybody pumping BB?
t. already making money with BB

>>26549750
Burry sold his entire position in bbby

>>26548449
diamond hands, hold forever my retarded brother :D

>>26551109
that's exactly the hard part lol. so many people are going to get blown out from diamond handsing right through the peak.

>>26544725
They r gonna get paid by FB and signed 4 year deal with Amazon

>>26554172
Where do you find out what Burry is holding?

>>26549189
I can dream cant I?