Share Picks 2021 - Thread banned users post #1

dan786 · 28-01-2021 11:02AM

GME going crazy upto 490 pre market now

MikeSoys · 28-01-2021 11:02AM

wall street vs the people....looking at price chart it look like NAKD and AMC are both somewhat holding onto their closing prices .atm. looks like alot of activity on these also- prob others but only looking at these myself while 'WFH...'

https://uk.finance.yahoo.com/chart/AMC
https://uk.finance.yahoo.com/chart/NAKD

dan786 · 28-01-2021 11:04AM

Break the 500 mark

weemcd · 28-01-2021 11:04AM

Seems there are a few redditors determined to pump silver. I have a tiny holding in EXK that might be fun to watch today. Up 4% in pre-market.

PS please do not take this as a signal to jump in. I'm only making small talk.

dan786 · 28-01-2021 11:05AM

GME has gone past the 500 mark. Looks like sky is the limit.

Outkast_IRE · 28-01-2021 11:05AM

dan786 wrote: »

GME has gone past the 500 mark. Looks like sky is the limit.

Holding till 1k . The pressure on the SEC to shut this down with a circuit breaker will be immense today. But probably 2-4 million retail investors are alot of votes and anger to mess with.

positron · 28-01-2021 11:06AM

What could be the reason for a stock to surge pre-market, any thoughts?

I read a bit about how GME has only N stocks out there and there are like a lot more than N short positions, and anyone who has short positions have to now pay up etc (hence the 'short squeeze'). Is there a deadline by which short positions have to be settled (weekend? month-end?). And has that something to do with this daily pre-market spike?

MikeSoys · 28-01-2021 11:06AM

SteelyDanJalapeno wrote: »

To "protect" retail investors, Trading212 are blocking any new positions in GME.
Very disappointing, gonna vote with my feet after this.

thats poor, hope the reddit users see that and also vote with their feet

dan786 · 28-01-2021 11:06AM

A friend has 119 GME that he paid 2000 in total for back in December.

Outkast_IRE · 28-01-2021 11:08AM

positron wrote: »

What could be the reason for a stock to surge pre-market, any thoughts?

I read a bit about how GME has only N stocks out there and there are like a lot more than N short positions, and anyone who has short positions have to now pay up etc (hence the 'short squeeze'). Is there a deadline by which short positions have to be settled (weekend? month-end?). And has that something to do with this daily pre-market spike?

Alot of the short positions are meant to expire tomorrow apparently.

crushproof · 28-01-2021 11:09AM

dan786 wrote: »

A friend has 119 GME that he paid 2000 in total for back in December.

Brilliant, delighted for him.

Outkast_IRE · 28-01-2021 11:10AM

dan786 wrote: »

A friend has 119 GME that he paid 2000 in total for back in December.

Thats the beautiful thing in this, if played right alot of average people are gonna walk with money in their pocket. Not the big investment firms doing this for years unobstructed.

dan786 · 28-01-2021 11:10AM

crushproof wrote: »

Brilliant, delighted for him.

So am I. He only 19 and in college.

I had 73 on Monday which I stupidly sold at break even.

weemcd · 28-01-2021 11:13AM

dan786 wrote: »

So am I. He only 19 and in college.

I had 73 on Monday which I stupidly sold at break even.

Does he know what he's gonna do yet? I'd be sweating profusely

supersonic21 · 28-01-2021 11:13AM

Outkast_IRE wrote: »

Thats the beautiful thing in this, if played right alot of average people are gonna walk with money in their pocket. Not the big investment firms doing this for years unobstructed.

that's exactly why I'm here for it, to be honest. the hedge funds are mad the 99% are making money off this, rather than the 1%.

cal naughton · 28-01-2021 11:15AM

Outkast_IRE wrote: »

Alot of the short positions are meant to expire tomorrow apparently.

I have a suspicion that institutions with short positions closing on Friday will be granted extensions to throw the wsb crew off as they seem to all building up to the Friday squeeze.

dan786 · 28-01-2021 11:18AM

weemcd wrote: »

Does he know what he's gonna do yet? I'd be sweating profusely

He is planning to sell at 650. One of his college friends has 1200 GME so I say he would be more worried.

dan786 · 28-01-2021 11:19AM

Looks like more and more brokers are banning GME buys today.

crushproof · 28-01-2021 11:20AM

dan786 wrote: »

Looks like more and more brokers are banning GME buys today.

How on earth can this be allowed?

Darando · 28-01-2021 11:21AM

weemcd wrote: »

Does he know what he's gonna do yet? I'd be sweating profusely

sweating at the thought of the revenue cut when someone mentions the tax bill

or how to fill out a CGT :eek:

Outkast_IRE · 28-01-2021 11:22AM

I hedged myself this morning and sold half at over €300 per share. So i am in a decent profit no matter what. The rest i am gonna leave ride out see can we hit 1k+.

Only had 10 shares total in GME so not life changing money but its exciting stuff. Cant wait for the movie.

dan786 · 28-01-2021 11:23AM

Darando wrote: »

sweating at the thought of the revenue cut when someone mentions the tax bill or how to fill out a CGT :eek:

The guy is a Law student so knows his CGT stuff.

neris · 28-01-2021 11:24AM

crushproof wrote: »

How on earth can this be allowed?

Pressure from their big customers who just happen to be the other side of the trade thats going against them and loosing a few hundred or thousand average joe retail investors from tehir client list isnt a big deal

Outkast_IRE · 28-01-2021 11:25AM

Darando wrote: »

sweating at the thought of the revenue cut when someone mentions the tax bill or how to fill out a CGT :eek:

There is a revenue spreadsheet you can download - in my simple understanding 33% of the profit straight up . But if i have some positions that are negative it may be a time to close them out and balance the loss , must look at it myself.

Bodjhrjekekr · 28-01-2021 11:26AM

Outkast_IRE wrote: »

There is a revenue spreadsheet you can download - in my simple understanding 33% of the profit straight up . But if i have some positions that are negative it may be a time to close them out and balance the loss , must look at it myself.

Same with my understanding, minus the exemption of 1270

TitianGerm · 28-01-2021 11:27AM

Outkast_IRE wrote: »

There is a revenue spreadsheet you can download - in my simple understanding 33% of the profit straight up . But if i have some positions that are negative it may be a time to close them out and balance the loss , must look at it myself.

Don't forget about your annual exemption of €1270.

If you make a profit of 5270 on GME then you'll pay CGT on 4000.

dan786 · 28-01-2021 11:28AM

So who is planning to buy some today?

NAKD is one to watch today , cheap stock and big potential today.

Also KOSS huge increase yesterday and premarket.

AMC and GME too risky now with clamp downs.

supersonic21 · 28-01-2021 11:30AM

dan786 wrote: »

The guy is a Law student so knows his CGT stuff.

we didn't discuss CGT in law :rolleyes:

but yeah that CGT is a killer, even with the 1270 exemption

dreading the day I have to withdraw money.

supersonic21 · 28-01-2021 11:30AM

dan786 wrote: »

So who is planning to buy some today?

NAKD is one to watch today , cheap stock and big potential today.

Also KOSS huge increase yesterday and premarket.

AMC and GME too risky now with clamp downs.

i think the reddit gang is on a bit of a high right now and will find new fish to fry - think NOK, BB

neris · 28-01-2021 11:31AM

TitianGerm wrote: »

Don't forget about your annual exemption of €1270.

If you make a profit of 5270 on GME then you'll pay CGT on 4000.

the generosity of our government & tax authorities knows no bounds

Share Picks 2021 - Thread banned users post #1

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