Share Picks 2021 - Thread banned users post #1

SmokyMo · 02-02-2021 11:20AM

jams100 wrote: »

Ok, you didn't really answer the question though. On what basis do you think this will go up?

Can I ask a different question so? At what point do you see yourself selling?

Its great that you can afford to lose that money, however I'm sure there's plenty of others who still see the reward being greater than the risk, which based on any fundamental analysis is simply not true, and ultimately thats what its going to boil down to.

In terms of you trying to insinuate that I'm somehow calling people "idiots", I quite frankly don't know where you are getting that from. At the end of the day I'm just an amatur investor like anyone on this thread. I've been wrong before and I'll be wrong again.

My opinion is simply one of someone who's not caught up in this trade and is the one of someone who is looking at this from an objective standpoint.

You right for asking questions, its a forum. Everyone should stop taking everything so serious here.

But to your point the same can viewed of any growth companies which are detached from your classical fundamentals, never turned a profit, heavy private debt but their price only went up for last decade...

All depends what are you trying to get out from the trade/investment?

cronos · 02-02-2021 11:25AM

Judith Great Balance wrote: »

It's a sign of the times that I read this as loading SPAC's

Shedite27 · 02-02-2021 11:34AM

I'm not for a moment going to pretend this is the reason I bought in, but Nokia (NOK) have their 2020 results due out on Friday. They're competitor Ericsson had good results last week, it's a bit of a 5G play.

For anyone (like myself) who bought Nokia as a WSB-play, we might get a side benefit if we hold till the end of the week.

tusk · 02-02-2021 11:35AM

I bought a bunch of dips yesterday. I'm holding.

Looking at the volumes, it looks as though the only explanation for the extreme drop was short ladders.

At the end of the day, I hopped into this to be a part of the action, using money I can afford to lose. If I lose it, so be it, but if somehow we come out of this in the positive, then we'll have been a part of history and had some serious craic while doing it

patsy_mccabe · 02-02-2021 11:36AM

GME circa $170 on yahoo premarket. I'm ready to pile in once it hits $20.

LawBoy2018 · 02-02-2021 11:38AM

Bought $4K worth of ABBV last night @ 102.14. Will be interesting to see how it plays out.

JeffKenna · 02-02-2021 11:50AM

tusk wrote: »

I bought a bunch of dips yesterday. I'm holding.

Looking at the volumes, it looks as though the only explanation for the extreme drop was short ladders.

At the end of the day, I hopped into this to be a part of the action, using money I can afford to lose. If I lose it, so be it, but if somehow we come out of this in the positive, then we'll have been a part of history and had some serious craic while doing it

On a different note I haven't thought or checked the news that much about covid with the last week. Even if it does end up losing money that distraction was well worth it.

SpaceJamm · 02-02-2021 11:57AM

I personally believe the theory that the reported short levels in the media are being manipulated by hedge funds.

I believe that the hedge funds doubled down last week with even more shorts as they thought retail would lose interest/faith and sell in droves, which has not happened.

I believe that hedge funds have paid companies to create bots on WSB to spread doubt among retail.

I believe the recent data of $800 options are hedge funds hedging their losses as they know what's coming.

I believe that Robinhood and others were shut down for a reason.

I believe that Citadel/Point 72 tried to bail Melvin Capital out, not to cover Melvin's losses, but to cover up the illegal over shorting activity.

I own 120 GME shares @$77 and I'm holding.

Heimdallr · 02-02-2021 12:00PM

Heimdallr wrote: »

BCRX soaring pre-market. Looks like there is a reddit run starting with it. still tremendously undervalued with Factor D on the horizon considering what Alexion is worth. Alex Denner doubled his position here and BlackRock increased by 3%. Holding long

posted the above yesterday in the 2020 thread. Highlighted BCRX a few months ago. Have been holding for over 2 years. 30% gain yesterday. Up again 20% today pre-market. Unlike the reddit runs this actually has deep value

tusk · 02-02-2021 12:06PM

SpaceJamm wrote: »

I personally believe the theory that the reported short levels in the media are being manipulated by hedge funds.

I believe that the hedge funds doubled down last week with even more shorts as they thought retail would lose interest/faith and sell in droves, which has not happened.

I believe that hedge funds have paid companies to create bots on WSB to spread doubt among retail.

I believe the recent data of $800 options are hedge funds hedging their losses as they know what's coming.

I believe that Robinhood and others were shut down for a reason.

I believe that Citadel/Point 72 tried to bail Melvin Capital out, not to cover Melvin's losses, but to cover up the illegal over shorting activity.

I own 120 GME shares @$77 and I'm holding.

Agreed on all counts!

ddarcy · 02-02-2021 12:27PM

SpaceJamm wrote: »

I personally believe the theory that the reported short levels in the media are being manipulated by hedge funds.

I believe that the hedge funds doubled down last week with even more shorts as they thought retail would lose interest/faith and sell in droves, which has not happened.

I believe that hedge funds have paid companies to create bots on WSB to spread doubt among retail.

I believe the recent data of $800 options are hedge funds hedging their losses as they know what's coming.

I believe that Robinhood and others were shut down for a reason.

I believe that Citadel/Point 72 tried to bail Melvin Capital out, not to cover Melvin's losses, but to cover up the illegal over shorting activity.

I own 120 GME shares @$77 and I'm holding.

I’ll give a different theory. First and foremost 67% of GME shares are held by hedge funds/ institutions etc. These groups hate one another. So, they are holding to bankrupt Melvin and the others over-shorting (ironic given what WSB GME trade is all about). So WSB is helping bankrupt some hedge funds/ institutions and helping others! You couldn’t make it up.

Eventually the market movers will off load the stocks for their funds (as they need to make profits etc) and it will come crashing down.

And after all of this GME is still in a bad place. It’s not the fund managers that have caused it, its their business plan/ management. Maybe they have some miracle up their sleeve, but I’d predict chapter 11 is not too far off for them. They will be around, but what they need to become will cost a lot of money to do and the assets they have will hold them down (hence why charter 11 is the best option for them, to offload these assets). That reality hasn’t changed.

The one thing I hope that happens from this is the SEC bans naked shorts. And even restricts the level of shorts on a stock as well.

Shedite27 · 02-02-2021 12:38PM

Judith Great Balance wrote: »

Seriously though, I do feel a bit better this morning. Have no idea what will happen, but sure will give me something to look at during the day/evening.

Regarding the shorts, I'm really new to this so I don't know what to believe. Some saying that the short % is way down to like 50. Some are then saying that even if it is, that is still really high. Others are saying that people are reporting 50 due to some unique counting methods, and that it is impossible that it has reduced that much because of the small volume that has traded, that the numbers just don't add up.

I guess we will find out.

This is complex, and without trying to sound like an asshole, probably why this is normally left to those with professional qualifications.

Firstly, a stock can be shorted any number of times, so while 130% sounds impossible, it's not.

Secondly, depending how you buy a share, that share may or may not be "available" for shorting. Degiro does it by default on most accounts. Insiders who get shares would default to "no shorting". So the first problem is trying to figure out what "the total amount or shares available to short" is.

So the standard way of calculating results in 130%:
Total Float - 100m shares / 130m shares short = 130%

The person claiming 50%, is probably looking at:
Total available to short = 85m * assume each share is shorted 4 times = 255 / 130m shares short = ~50%

02-02-2021 12:54PM

Shedite27 wrote: »

This is complex, and without trying to sound like an asshole, probably why this is normally left to those with professional qualifications.

Firstly, a stock can be shorted any number of times, so while 130% sounds impossible, it's not.

Secondly, depending how you buy a share, that share may or may not be "available" for shorting. Degiro does it by default on most accounts. Insiders who get shares would default to "no shorting". So the first problem is trying to figure out what "the total amount or shares available to short" is.

So the standard way of calculating results in 130%:
Total Float - 100m shares / 130m shares short = 130%

The person claiming 50%, is probably looking at:
Total available to short = 85m * assume each share is shorted 4 times = 255 / 130m shares short = ~50%

You don't sound like an asshole at all, this is all very interesting (and complicated) so thank you.

SpaceJamm · 02-02-2021 12:55PM

ddarcy wrote: »

I’ll give a different theory. First and foremost 67% of GME shares are held by hedge funds/ institutions etc. These groups hate one another. So, they are holding to bankrupt Melvin and the others over-shorting (ironic given what WSB GME trade is all about). So WSB is helping bankrupt some hedge funds/ institutions and helping others! You couldn’t make it up.

Eventually the market movers will off load the stocks for their funds (as they need to make profits etc) and it will come crashing down.

And after all of this GME is still in a bad place. It’s not the fund managers that have caused it, its their business plan/ management. Maybe they have some miracle up their sleeve, but I’d predict chapter 11 is not too far off for them. They will be around, but what they need to become will cost a lot of money to do and the assets they have will hold them down (hence why charter 11 is the best option for them, to offload these assets). That reality hasn’t changed.

The one thing I hope that happens from this is the SEC bans naked shorts. And even restricts the level of shorts on a stock as well.

I'll give you another theory.

I am horny for GME.

Canonfan · 02-02-2021 01:04PM

GME down $84.44 (37.53%) pre market as I type, not good.

Corcaigh84 · 02-02-2021 01:05PM

patsy_mccabe wrote: »

See 5:20 mins in the following. He reckons GME still 50% shorted.

http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0

Looks like 226% short interest here, which is mad. I also could be reading it wrong.

daheff · 02-02-2021 01:09PM

Canonfan wrote: »

GME down $84.44 (37.53%) pre market as I type, not good.

its low volume in Germany....not overly concerned at this point. I'm trying to hold to see the SI on friday.

02-02-2021 01:10PM

Canonfan wrote: »

GME down $84.44 (37.53%) pre market as I type, not good.

I'm starting to feel a bit like Homer, "it's still good!"

Apologies for anyone annoyed with the lightheartedness, I'm sure normal forum service will resume sooner rather than later!

bish76 · 02-02-2021 01:11PM

What would you buy- BP or Royal shell ?
They are not at the rock bottom but a decent dip that will recover up to an extent when travel resumes.

MikeSoys · 02-02-2021 01:11PM

Mad_maxx wrote: »

bad news priced in

not a surprise really

they have lots of money to be able to get through this so investors not jumping ship

Daz_ · 02-02-2021 01:19PM

Anyone getting into GME when drop stalls?

02-02-2021 01:25PM

SpaceJamm wrote: »

I'll give you another theory.

I am horny for GME.

I like the stock.

bish76 · 02-02-2021 01:28PM

Atlas_IRL wrote: »

sundial is starting to blow up but its just ran 100% quickly.

Thanks. I already missed the boat I reckon.

thomas 123 · 02-02-2021 01:29PM

Canonfan wrote: »

GME down $84.44 (37.53%) pre market as I type, not good.

Read that as it was at 84 and literally shat the bed

GoldFour4 · 02-02-2021 01:29PM

Tesla has recalled 134,000 vehicles. Be interesting to see where the price goes based on that. Think the issue is with touchscreens as opposed to the cars not working otherwise.

circadian · 02-02-2021 01:31PM

https://www.reddit.com/r/wallstreetbets/comments/laq7vx/so_youre_experiencing_fud/

Some seriously in depth DD being done over on WSB, in usual WSB fashion.

I'm holding because I like the stock and I like seeing this tree getting shaken. Wonder what falls out at the end of it all.

tusk · 02-02-2021 01:31PM

Daz_ wrote: »

Anyone getting into GME when drop stalls?

I have some funds ready to pounce

tusk · 02-02-2021 01:32PM

wonder will we have any new Irish millionaires due to this

Cute Hoor · 02-02-2021 01:34PM

malistheman wrote: »

Tesla has recalled 134,000 vehicles. Be interesting to see where the price goes based on that. Think the issue is with touchscreens as opposed to the cars not working otherwise.

Up pre-market anyway

Daz_ · 02-02-2021 01:38PM

circadian wrote: »

https://www.reddit.com/r/wallstreetbets/comments/laq7vx/so_youre_experiencing_fud/

Some seriously in depth DD being done over on WSB, in usual WSB fashion.

I'm holding because I like the stock and I like seeing this tree getting shaken. Wonder what falls out at the end of it all.

That was actually a fun and interesting read , thanks for that !

Share Picks 2021 - Thread banned users post #1

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