southsider2k5 Posted January 27, 2021 Share Posted January 27, 2021 GME went over $300 this morning. Quote Link to comment Share on other sites More sharing options...
Kyyle23 Posted January 27, 2021 Share Posted January 27, 2021 1 Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 59 minutes ago, southsider2k5 said: GME went over $300 this morning. $350 now haha Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, Soxbadger said: $350 now haha I bought a crude ETF a couple of days after it went negative and pretty much doubled that. I sold off part of it, and found an option series in this to day trade. Going to just try to pick off like $50 a round turn. It is so active, yet is pretty well range bound. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, southsider2k5 said: I bought a crude ETF a couple of days after it went negative and pretty much doubled that. I sold off part of it, and found an option series in this to day trade. Going to just try to pick off like $50 a round turn. It is so active, yet is pretty well range bound. I put a little into AMC for the laughs. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 I think institutions are trying to prevent AMC. The volume is insane right now. 650mil already traded (the average volume for AMC is 40mil per day) its averaging like 10-30k per second at the moment. In comparison Gamestop is at 49mil volume today. Quote Link to comment Share on other sites More sharing options...
turnin' two Posted January 27, 2021 Share Posted January 27, 2021 39 minutes ago, Soxbadger said: I put a little into AMC for the laughs. AMC has really leveled off after moving a ton in pre-hours trading. Quote Link to comment Share on other sites More sharing options...
mqr Posted January 27, 2021 Share Posted January 27, 2021 (edited) I got in on it on monday, and I'm not getting off until some mouth breather owns the New York Mets. Edited January 27, 2021 by mqr Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, turnin' two said: AMC has really leveled off after moving a ton in pre-hours trading. Institutions have to be dumping crazy. Its like a war right now. Its over 690 mil volume. That means in the last 15 minutes 40mil shares have been traded. That is the normal daily average. I dont think that normal people can beat back this type of sell off. Quote Link to comment Share on other sites More sharing options...
turnin' two Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, Soxbadger said: Institutions have to be dumping crazy. Its like a war right now. Its over 690 mil volume. That means in the last 15 minutes 40mil shares have been traded. That is the normal daily average. I dont think that normal people can beat back this type of sell off. That's insane. This is so bizarre. I can't stop watching. Haha. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, turnin' two said: That's insane. This is so bizarre. I can't stop watching. Haha. Im pretty sure they just stopped trading on it. Quote Link to comment Share on other sites More sharing options...
mqr Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, turnin' two said: That's insane. This is so bizarre. I can't stop watching. Haha. It's also insanely funny and somewhat inspiring. The guy who already made enough money to never work a day in his life again but not selling to stick it to the hedge funds is a hero. 1 Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 27, 2021 Share Posted January 27, 2021 6 minutes ago, Soxbadger said: Institutions have to be dumping crazy. Its like a war right now. Its over 690 mil volume. That means in the last 15 minutes 40mil shares have been traded. That is the normal daily average. I dont think that normal people can beat back this type of sell off. My compensation package thanks them. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 Just now, southsider2k5 said: My compensation package thanks them. So I tried to get out, trading stopped so it didnt go through. Now its back to where it was before hahaa They must have had an insane sell order because its at 715Mil volume. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 27, 2021 Share Posted January 27, 2021 2 minutes ago, Soxbadger said: So I tried to get out, trading stopped so it didnt go through. Now its back to where it was before hahaa They must have had an insane sell order because its at 715Mil volume. Its wild. Been doing this since 1998, and can't recall anything like this. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 (edited) 3 minutes ago, southsider2k5 said: Its wild. Been doing this since 1998, and can't recall anything like this. It just momentarily crashed fidelity and trading stopped again. Edited January 27, 2021 by Soxbadger Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 27, 2021 Share Posted January 27, 2021 Just now, Soxbadger said: It just momentarily crashed fidelity and trading stopped again. Schwab has had problems all day today too. Quote Link to comment Share on other sites More sharing options...
turnin' two Posted January 27, 2021 Share Posted January 27, 2021 19 minutes ago, southsider2k5 said: Schwab has had problems all day today too. So has Ameritrade Quote Link to comment Share on other sites More sharing options...
Chisoxfn Posted January 27, 2021 Author Share Posted January 27, 2021 30 minutes ago, mqr said: It's also insanely funny and somewhat inspiring. The guy who already made enough money to never work a day in his life again but not selling to stick it to the hedge funds is a hero. I don't find that guy inspiring at all - he is going to stick it to a ton of people who are going to get bit when it all comes crashing down (which it will). Quote Link to comment Share on other sites More sharing options...
turnin' two Posted January 27, 2021 Share Posted January 27, 2021 Most importantly, who is the big run tomorrow? Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, turnin' two said: Most importantly, who is the big run tomorrow? Its not sustainable. AMC is being beaten back by heavy hitters. They are on the look out now. A lot of people are going to lose money trying these games. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 27, 2021 Share Posted January 27, 2021 1 minute ago, Soxbadger said: Its not sustainable. AMC is being beaten back by heavy hitters. They are on the look out now. A lot of people are going to lose money trying these games. Yeah, hopefully people are taking their gains if they were on the long side of this because when it goes... look out. There is no technical bottom until at least the original highs. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 5 minutes ago, southsider2k5 said: Yeah, hopefully people are taking their gains if they were on the long side of this because when it goes... look out. There is no technical bottom until at least the original highs. AMC may hit a billion volume. That is just beserk. It looked like 13.5 was the inflated floor, but then it went under $13. Now its at $14. The problem is small guys buying 100 lots get wiped by big guys selling 10k lots. Have all the big investors dumped yet? Or are they trying to see if they can push the floor further. If they all have dumped and you still have the buy frenzy it will pop. Also most people cant just sit on their computer and defend their positions all day long. Quote Link to comment Share on other sites More sharing options...
bmags Posted January 27, 2021 Share Posted January 27, 2021 6 minutes ago, Soxbadger said: Its not sustainable. AMC is being beaten back by heavy hitters. They are on the look out now. A lot of people are going to lose money trying these games. OTOH for AMC they completed their secondary, so at the very least they were able to get some capital. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 27, 2021 Share Posted January 27, 2021 (edited) 4 minutes ago, bmags said: OTOH for AMC they completed their secondary, so at the very least they were able to get some capital. Agreed at least AMC is a legitimate company that you are buying during an insane economic downturn. There is some theory to that stock being better in a year from now. But what I am seeing with AMC has never happened. Over 816mil volume, back over $15 per share. This is literally people trying to find gold. (edit) This is the volume for shares today https://www.barchart.com/stocks/most-active/daily-volume-leaders Looks like similar plays may be being made on Nokia, Edited January 27, 2021 by Soxbadger Quote Link to comment Share on other sites More sharing options...
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