r/wallstreetbets 6d ago

Walking into the stock market today Meme

67k Upvotes

7k

u/DreyfussHudson 6d ago

Time to buy that unprofitable mining company I always wanted

1k

u/alexparker70 6d ago

all of it or just the tip?

915

u/skyecolin22 6d ago

Pretty shitty mining company if they can't get deeper than the tip

516

u/AzathothsAlarmClock 6d ago

He did say it was unprofitable

357

u/Lurcher99 6d ago

They hit rock bottom

196

u/mydoglovescucumber 6d ago

This is gold

298

u/SPguy425 6d ago

No, this is Patrick.

129

u/YuriDiAAAAAAAAAAAAA 6d ago

This is why we're an unprofitable mining company

68

u/OliverWotei 6d ago

I'm surrounded by assholes.

41

u/Maybeyesmaybeno 6d ago

KEEP DIGGING, ASSHOLES!

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u/Jkoechling 6d ago

Sir, this is a Wendy's

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u/Stratostheory 6d ago

Nah then they'd be profitable

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u/Grassfedlife 6d ago

I see what you did there

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u/AKAManaging 6d ago

Probably why it's unprofitable.

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u/kellan1984 6d ago

Buy the tip buy the tip

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u/HoneyBadger552 6d ago

If its coated in palladium, gonna be just the tip

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u/[deleted] 6d ago

Oh fuck you I literally did that 30 minutes ago. I’m going to regret that, that I am.

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u/overtoke 6d ago

what kind of GPUs did you get

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u/[deleted] 6d ago

The "riot" kind.

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u/This_is_your_son 6d ago

Lmaoooo I’m all in on so many penny mining stocks right now. REZZF ABML PFFOF REZZF NMGRF. Battery metals are the wave in a booming EV space

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u/iJoshh 6d ago

I've made more money on NMGRF over the past year than the rest of my portfolio combined. They made that silly Elon commercial a while back and I was like fuck yeah they're going places.

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u/[deleted] 6d ago

[deleted]

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u/geologean 6d ago edited 6d ago

Rare Earth Elements, bro. America only has one mine that can provide them at Mountain Pass in California. China has control of massive amounts of them and is willing to use that control punitively to spike prices in technology supply chains.

43

u/choral_dude 6d ago

My rare earth metals etf is down 6.3% today

15

u/AssociationHappy67 6d ago

I thought I'd do good on copper like last few days,, seems they went to go help the guy working on the unprofitable mind . Must have good moonshine

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u/TheRealMrTrueX 6d ago edited 6d ago

People joke but I bought a few thousand shares TGB (Taseko Mines) @ $1.12, was over $2 today and earnings are Friday. They also got approved for a new expansion and copper plant.

(+56.40%) Past Month

Up 400+ % YTD

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u/AssociationHappy67 6d ago

Copper will pay big this year ..maybe late summer I'm all in..

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u/FlipFlopHopDop 6d ago

Sponsered reply by Argentium mining company?

12

u/Revolutionary_Mud_84 6d ago

I got some. $ARLP. Trending up right now. I used to work there. Liquidating all my shares at a heavy loss. They screwed us.

30

u/BlaxkOutzzz 6d ago

I need a reason to sell my mining stocks

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u/DreyfussHudson 6d ago

Reading someone plugging them on wsb is probably as good an excuse as any

47

u/marxr87 6d ago

Probably a better reason than most lmao

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u/cole2684 6d ago

I like Pretium and Seabridge.

105

u/NOSjoker21 6d ago

I like fire truck and moster truck.

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u/fearthestorm 6d ago

I bought it as well so I'm fown 20%

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u/nfacka 6d ago

ABML it’s dipping so hard right now

46

u/FINDTHECOMPUTERROOM 6d ago edited 6d ago

I'm in ABML, and they're a bit shady. Old CEO got kicked for fraud, they're getting tiny loans from several dozen small places, and I believe most of their ~80 Mil capital is going to unnamed 'consultants'.

If someone can convince me this isn't a money laundering front, please do.

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u/DiepioHybrid 6d ago

Holy shit I wish I knew about it before it rebounded 40%

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u/Legatron4 megatron's leg 6d ago

Yoo I grabbed that dip

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u/OddAssumption 6d ago

Lmao my entire watchlist is red except for AMC

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u/kx2UPP 6d ago

Turntables

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u/HKBFG 6d ago

No that's JVC

164

u/DJMartyNC 6d ago

Only 1 turntable brand...TECHNICS!

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u/HKBFG 6d ago

I like shinola. It gets two points across very effectively.

  1. I spent a lot of money on this record player.
  2. I don't listen to records.
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u/MostlyBullshitStory 6d ago edited 6d ago

So glad I held on to AMC. It could go either way, but the fact that NYC is about to reopen theaters means that the rest of the country will soon follow and that gives me hope.

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u/CopperD1 6d ago

the problem with AMC is that it wasn't doing well before the pandemic either. It was trading at less than what it is now during 2019 which scares me. I'd insta buy below $5 though

105

u/MostlyBullshitStory 6d ago edited 6d ago

Most places that reopen like ski resorts are doing much better than just 2 years ago because people missed the option of going. Let's hope the same thing happens to theaters!

The biggest issue here is whether some studios stick to direct to streaming. That could be detrimental to AMC. The trend also seems to the lounge, reserved seating with food and drinks, which could really reinvent the theater business model, but the upgrades aren't cheap.

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u/FlyPolar 6d ago

I just don't bother checking now. I don't have much invested but I have diversified across a few industries and companies. I'm about 20% down on everything so time to set it and forget it, will check back next week for any change.

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u/BeeCJohnson 6d ago

I bought the dip on AMC and feeling pretty good right now.

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u/Kayel41 6d ago

Build a bear lol bbw bbw

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u/bumpsteer 6d ago

This was a FABULOUS day to wait until 9:45 to buy, then sell at 10:15.

too bad I didn't.

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u/danwski 6d ago

Slept though it haha.

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u/Over4All 6d ago

Woke up late, portfolio down 10%, back to sleep for a few more hours.

34

u/Mouthshitter 6d ago

Did it get better? Was it all a dream?

39

u/BinarySpaceman 6d ago

I used to read Word Up magazine.

15

u/Virgin_Dildo_Lover 6d ago

Salt n Pepa & Heavy D up in the limousine

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u/rollover2323 210116:1:1 6d ago

Sardines for dinner?

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u/Atomic_Bottle 6d ago

Too bad the SEC has rules against poor people making money.

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u/UpUpDnDnLRLRBAstart 6d ago

I bought the GME dip today and could have made a quick profit 20 min later, but am unfortunately never selling because I like the stock.

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u/Psychocrates 6d ago

I have also been eating crayons, buying the dip. I like the stock.

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u/Rithe 6d ago

I bought one at 9:45 then set a sell limit because I was busy. Apparently the god damn stock got to within 1 Cent of my sell limit but never tripped it. Stock went right back down. :( Sad day, hopefully it rebounds tomorrow

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u/Sadsh 6d ago

Good news is AMC is up slightly. The bad news is it’s not up enough to cover the few hundred losses.

716

u/nousername215 6d ago

I'm up to -50%!

190

u/Jints488 6d ago

I'm holding 50 @ 10$ I am retard

203

u/ArtakhaPrime 6d ago

32 @ 17, hi retard I'm dad

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u/Artimis_314 6d ago

I got 65 at $7.80

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u/JpRimbauer 6d ago

The $5 call I bought this morning at $1.96 (like a minute before the big drop this morning; exp 2/26) has made me some money at the moment.

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u/ninthtale 6d ago

How exactly does that even work?

87

u/ideal_NCO 6d ago

Magnets.

47

u/StrikingMinion7 6d ago

Do not sell. Be a retard. To err is Ape. Hold until AMC recovers. If we sell we abandon the cause.

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u/xShooK 6d ago

Jumped up after news of theaters reopening in nyc. One city, one big fucking city, is what caused this leap. Hold till they all reopen!

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u/Turtle_Mcturtle 210118:2:1 6d ago

Yea I am getting ass blasted this morning

1k

u/CoffeePorters 6d ago

You should check the market when you’re done

115

u/Salty_Paroxysm 6d ago

Holy shit, you killed me with that one

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u/JJDidNOTTieBuckle 6d ago

Couldn’t have put it better myself.

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u/kaibasean 6d ago

everyone in here like "I LOVE SALES"

What the fuck how, I'm already 100% invested, the fuck ya'll doing with money just lying around

257

u/lalakuno 210123:1:1 6d ago

Max out credit cards. Duh.

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u/MR___SLAVE 6d ago

If your going to go bankrupt, bankrupt your self big.

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u/Bluemoose97 6d ago

When the market is on a bull run it’s a good idea to take some profits and hold it in cash for when it tanks next. Also I hope you at least have 3-6months worth of cash in an emergency fund.

454

u/isaac99999999 6d ago

I have 300 in my bank account and (had) 1200 in stocks. Now I have 900 in stocks

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u/Piggywhiff 6d ago

Bruh.

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u/isaac99999999 6d ago

19 and still live at home, my only bills are car insurance and phone bill so it's all good

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u/CptMuffinator 6d ago

still live at home,

Is your wife's boyfriend your dad?

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u/CirclingCondor 6d ago

This hits close to home for someone I’m sure.

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u/DrakonIL 6d ago

Brrrrruh

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u/Moviastic 6d ago

I’m a 30 old engineer and this is me too.

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u/Sloptit 6d ago

I own my own company and it's basically me too

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u/MasterDDT 6d ago

when it tanks next

Yeah I did that, I waited for the 5th red day in a row and used up all my margin. That was yesterday 🤡

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u/spacecruise 6d ago

What is this /r/personalfinance?

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u/Astralahara 6d ago

Seriously.

1: The idea of someone in /r/wallstreetbets having 3 months' cash is absurd.

2: I'm pretty conservative and risk averse and even I think 6 months' cash is stupid. If you talk to the morons in PF they'll say shit like "Well what if you lose your job, AND get injured, AND your parents die, AND they don't have anything to leave you, AND all your friends abandon you, AND you can't get government benefits..."

Motherfucker, WHAT IF A METEOR HITS YOU! You mean you don't have billions of dollars to reconstruct your consciousness in an AI apotheosis?! WOW you negligent fool!

6 months in cash is stone cold stupid. You're losing money to inflation on half a years' salary.

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u/WeirdSubstance 6d ago

Not disagreeing with your points, but it's 6 months of expenses. Not 6 months of salary. However, for someone living paycheck to paycheck, it's the same thing.

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u/LimeGreenDuckReturns 6d ago

I keep cash for 5 months critical expenses, I hold it in instant-access savings making 1% apr.

In 2016 I left one job for another, hated the new job and lost it, split up with my fiancé then tried to kill myself. I had zero issues getting a new job, however I was in no shape to function. The only thing that kept me going was my emergency fund.

I chose to take 4 months off work, I took a couple of holidays, I chilled out and did my own thing, safe in the knowledge I had secure money to cover it. Once I started to run low I walked into a job better, and more well paid than both the previous.

I did all that without having to sell off any long-term investments to cover it.

First thing I did was rebuild that fund, the money lost to inflation is a tiny price to pay for that level of peace-of-mind.

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u/upupuplightweight 6d ago

Lol cmon dude invest 10% of what you can so you can buy during fire sales.

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u/kaibasean 6d ago

What if you buy when you think it's the fire sale. Then it drops another 40%

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u/upupuplightweight 6d ago

You incrementally buy in with 5% of your funds day by day as it continues to crash and you’ll find the floor some time. Or not... this could be the market crash that eclipses all others and sends the world economy in to a decades long tailspin. Though I doubt it.

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u/Swineflew1 6d ago edited 6d ago

Some of the stocks I picked up yesterday went on a 65% sale today.
Cool. I’d buy more but by time my deposit clears it’ll skyrocket I’m sure.

Edit: just went back to look, they’re only down 10% now.
MINE and SCNA incase anyone cared.

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u/silverfire626 6d ago

I love sales!

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u/luciluci00 6d ago

I wanna buy the dip, but I'm afraid in 2 days I'll consider it a peak.

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u/silverfire626 6d ago

This ape is stupid and has been in the red so long I get used to it.

In fact I’d probably encourage people do to the opposite of what I do lol

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u/luciluci00 6d ago

Mate, I'm down an avg of 50% Lol, it can't be much worse than me.

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u/Fair_Penalty 6d ago

Ive lost over 70% of my portfolio in less than a week. I feel you fellow retard. YOLO plays before a correction are very painful

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u/skyecolin22 6d ago

Went balls deep in calls right before stonks plummeted last Feb

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u/aypapitv 6d ago

I’d buy the dip but I already bought the tip

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u/goldman-sux 6d ago

Don’t be a bitch pussy btfd

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u/TotallyNotAnElk 6d ago

You will never buy the lowest dip and never sell the highest peak. If you like the stock, just keep buying at regular intervals during the entire dip. If it keeps dropping, your average will drop as well, making it easier to profit when the market turns around.

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u/the_goose_says 6d ago

Buy the dip, and if the dip continues, continue to buy the dip. Just ensure you have enough cash not invested to continue this. Only be fully invested at the deepest of dips.

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u/WIbigdog 6d ago

The problem is identifying the deepest dips, timing the market is very hard and all that.

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u/Zerole00 Loss porn masturbator extraordinaire 6d ago

So do I, but I'm kind of fucking pissed ICLN goes on sale within a week of me buying it. It's a long term hold for me but I'm not amused with missing out on a 20% discount

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u/Offscreenshaman 6d ago

Reds my favorite color

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u/blaqueout89 6d ago

Mines blue

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u/Alec____ 6d ago

I kinda like black it goes with everything.

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u/Tot_esho_ugodnik 6d ago

What happened? Everything is down today and so red! (If someone can actually answer, please do, thank you )

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u/Questionable_Answer5 6d ago

WSJ says rising bond yields are impacting certain valuations, namely tech. The concern seems to be more around how fast yields are rising vs how high they are so hopefully this is just a minor correction

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u/adayofjoy 6d ago edited 6d ago

It was a very fast correction though.

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u/v0t3p3dr0 6d ago

The whisper, of a thought, of maybe adjusting interest rates by a fraction of a percent can trigger -15% per hour sell offs....that’s a totally healthy market reaction.

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u/Mr_Belch 6d ago

Lol, this. Love the gap up opportunity.

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u/SomaSomaSomaSomaSoma 6d ago

its almost as if people know the entire market is a bubble and want to get out as soon as any negative news hits.

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u/icydash 6d ago

Can you explain what this means to me like I'm five? I know nothing about bonds or bond yields.

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u/Questionable_Answer5 6d ago

An explanation from one idiot to another. When you invest, the most common choice is between stocks and bonds. Bonds’ return is called a yield, which is the amount in addition what you put into the bond you would expect to get back. Bond yields are typically lower than stock returns, but are still valuable to people like boomers because they are less risky. When bond yields go up, stocks become less relatively attractive and vice versa.

This same dynamic impacts what people are willing to pay for a stock. Stock valuations consider the future money that an investment will bring in. But, money today is worth more than future future money. Higher bond yields means waiting for the future money is less attractive so those earnings are discounted more (read less valuable). This is what time value of money essentially is.

TL;DR: higher bond yields means more money today, so waiting for potential big money tomorrow makes less sense, so people want stocks less

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u/icydash 6d ago

Ah thanks for the explanation, makes much more sense now

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u/AutoModerator 6d ago

You have done an excellent job at wasting my time.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

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u/RandyChavage 6d ago

Automod is such a sass these days

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u/AtrainDerailed 6d ago

Bot is right

This is a casino, not a library

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u/Rickyskeets69 6d ago

Rotation, look for buying opportunities, red mean on sale patience is important

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u/Tot_esho_ugodnik 6d ago

Just checked, stock on sale as everyone waits for Powell’s comments.

348

u/Knuckledraggr 6d ago

Hey I just received a leaked transcript of his comments today. Here’s a synopsis:

BRRRRRRRRRRRR

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u/Phil-Rogers 6d ago

Lmao as he's saying this exactly

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u/north_canadian_ice 6d ago

Fed gonna be buying some more TIPS? Guys, INFLATION

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u/ahungrylilsandwhich 6d ago

Basically lol

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u/WutangCND 6d ago

I lowered my average on gbml and gte today. Feels good actually.

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u/radthibbadayox 6d ago

$AMC up $0.50 woo! To the moon...eventually!

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u/blackbeard_b 6d ago

I was Impressed it’s up like 20% seems like it may move more too

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u/13steinj 6d ago

There have constantly been fears of a coming crash due to inflation and over-valuation of companies (extrinsic value is a thing, but over the pandemic its become more and more what people are pushing rather than intrinsic value).

When those fears escalate and people realize their extreme valuations of companies, the stock market will correct (or burst, but I doubt this is the bubble bursting). It is important to note that almost everything is doing worse than what even the most negative statistical models claimed, especially the tech industry.

Hence, last week I started rolling credit spreads on SPY. The panic is insane. Today I opened 3 call credit spread, premium width of $24 on a $1 spread expiring tomorrow with a 90% chance (based on basic models) of profit. There is almost no way there will be a recovery of that size by tomorrow. Only reason I'm not doing naked calls is because RH doesn't let me, and other brokers don't let me do spreads yet.

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u/movadolover 6d ago

naked calls on SPY in one of the greatest bull markets of all time. Cannot possibly go tits up right?

Robinhood is inadvertently saving you from your own destruction.

No matter how smart you think you are, never go full retard

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u/[deleted] 6d ago

Sir, this is r/wallstreetbets

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u/Mozeeon 6d ago

Damn. I thought this was a Wendy's. How do I get out of here?!

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u/AutoModerator 6d ago

You have done an excellent job at wasting my time.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

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u/slade998 6d ago

Looks like the only green I see today is a fucking bot!

Nice bot.

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u/Rickyskeets69 6d ago

Also I like PLUG on sale

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u/VeryScaryCrabMan 6d ago

I swear this happens every February

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u/SmitePlug 6d ago

Very natural to have red days, tesla is having a tough few days and it’s the foundation of the bull market we’ve been having. Less bullish stocks aren’t doing too bad but they’re going down a little too. We could see a recovery we could see a correction

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u/DimesOnHisEyes 6d ago edited 6d ago

Tesla has dropped about $250 in a month so yea I'd say it's been rough.

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u/SmitePlug 6d ago

that’s not crazy though if you account for it’s growth in a year. It dips sometimes this ones a little rougher but GME has definitely stirred the market and made red a bad taste instead of a part of the pallet. Today was bad at open but it’s about as bad as yesterday now and slowly recovering back i think we’ll be okay someone needs to teach the rookies that red is natural. if not they’re going to sink us all

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u/Objective-Answer 6d ago

I mean, looking back at it, seems like the norm with tesla

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u/FlippinFLITZ_ 6d ago

Something something buy the dip 🦧🦍

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u/goldman-sux 6d ago

I finally went all in on GME, sorry, I’ve doomed us all

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u/MrBreasts 6d ago

Updoot. Holding and bleeding.

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u/hippiegodfather 6d ago

If you had been looking at the charts, they were all pretty much parabolic going up. Rises like that are unsustainable and when they fall, they crash hard. Tesla was the bellwether, imo, and it had been coming down since last week.

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u/GiantWhiteCohc 6d ago

I did a business

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u/Merkaaba 6d ago

At the business factory today.

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u/Jeleton 6d ago

Look Bojack, a real adult

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u/In_a_silentway 6d ago

My entire portfolio is red, and I am fairly new to investing. Diamond hands right.

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u/wpreggae 6d ago

me too man, me too

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u/marsinfurs Sings to Ariana Grande 6d ago

Is this really a splice of grandpa walking into the brothel with homer coming out of the bushes? Wtf lol

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u/EducationalDay976 6d ago

He's emerging from a hedge.

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u/and_eazy 6d ago

I looked right through it the first time without even questioning but lmao

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u/discgman 6d ago

Red means buy right? Sweet!

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u/willwillx 6d ago

i am, .50% aint paying the bills in the savings account

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u/Acceptable_Rip_2276 6d ago

BUY THE DIP

HOLD

BUY THE HOLD

DIP THE BUY

BANANA

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u/CreamOfWheat619 210110:1:2 6d ago

SHOVE THE BANANA UP MY ASSSS

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u/Acceptable_Rip_2276 6d ago

🍌🍌🍌🍌🍌🍌🍌🍌

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u/Mindless_Rage05 6d ago

PUT A BANANA IN YOUR EAR

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u/Acceptable_Rip_2276 6d ago

PUT THE BANANA IN YOUR REAR AND BUY THE DIP 🍌

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u/Ashamed-Status-9668 6d ago

All this red is like big 25% off sales signs on black Friday.

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u/Ardicu5 6d ago

I bought Tesla on Friday fml

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u/Capernikush 6d ago

I bought at 813. Don’t feel too bad lol

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u/BOSCO27 6d ago

$850 here. There's always a bigger retard -Qui-Gon Jinn

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u/B_W_WINS- 6d ago

I have lost so much money today. Makes me wanna cry take my ball and go home. But I’ll hold in hopes for better days. The problem is I found options and started trading there with little to no knowledge and it has bit me in the ass full turn 😅

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u/[deleted] 6d ago edited 6d ago

[deleted]

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u/B_W_WINS- 6d ago

No I didn’t sell, I’m wondering tho should I sell the couple that have made profit and keep the others

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u/[deleted] 6d ago edited 6d ago

[deleted]

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u/B_W_WINS- 6d ago

I started with shares but I wasn’t really making anything and then I found options. Made good money on my first cpl and it got me hooked. Sold my shares and Went all in on options. Big mistake so far lol. But I have learned some very good stuff

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u/[deleted] 6d ago edited 6d ago

[deleted]

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u/Astralahara 6d ago

Look. If you take money from a losing position and put it into a position that goes on to win that is the same as leaving it where it is and having it start win, right?

You are literally contemplating ditching the winners to subsidize the losers. I would not do that.

Also "Just don't sell" only works for stocks. Not options. If you're new you should start buying stocks to bet on a company going up, NOT buying calls.

"What if I want to bet a company will go down?"

Don't. Not yet. Find one you want to bet will go up and buy the stock.

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u/MightyCaseyStruckOut 6d ago

The only 2 stocks I own that aren't red today are KO and T. Go figure.

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u/Wiscopilotage 6d ago

God damn boomers are having their day after being laughed at for the last year

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u/silver0199 6d ago

Just bought stock in all my favorite tech companies on sale-

And more pltr for some reason. It's like a voice was telling me to in the back of my brain

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u/FistyGorilla 6d ago

Don’t listen. It’s Saruman.

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u/ShortE_ 6d ago

This is like black friday but for stock market

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u/psoas4 6d ago

Nobody tell him...

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u/VIPDeluxeTendies 6d ago

Finally my time has come to sell low!!!

22

u/georgiepassingham 6d ago

Just bought more GME and finally able to nab a TSLA

8

u/captnstabbing 6d ago

Lol two of my fav gifs in one.

21

u/PRvelli 6d ago

If none of you bought AMC from when I said to hours ago.. your missing out and will continue to

65

u/J_Von_Random 6d ago

Oh please. I bought AMC when it was high like a proper retard.

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u/switch495 6d ago

this gif would have been better as the original scene and not mixed with the bushes

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u/Sloth_of_Hoth 6d ago

He's a hedgie :)

34

u/switch495 6d ago

I got wooshed

17

u/deviltrombone 6d ago

I'm impressed by the skill it took to merge the two so seamlessly.

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7

u/house_lover6 6d ago

Amc is doing good

6

u/Upallnaight 6d ago

Is this the stress test??

7

u/usernamesarestup1d 6d ago

As of this comment, AMC is up 7.48% 🤙🏻🚀

7

u/freehugs1- 6d ago

What kind of bullshit man whenever there is a huge dip in everything im always low on money and then right before i get paid zoom everything is back to normal gtfo

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