Author Topic: Stocks  (Read 532376 times)

Offline madhocker

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Re: Stocks
« Reply #5595 on: March 23, 2021, 04:31:59 PM »
GME earnings call after hours today. Its a theory that many short sellers are cashing out otger positions to avoid being margin called if the stock pops again
GME misses on top and bottom line. Stock is up 8% AH. What else is new....

Offline yos9694

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Re: Stocks
« Reply #5596 on: March 23, 2021, 06:58:27 PM »
They have such an outsized influence on the market? seems farfetched

Its not as farfetched as it may seem. If you believe the short interest reports there are tens of billions of $ on the line if gme gaps up. Hedge funds don't have billions in cash so they would need to sell off a lot of mainstream stocks to cover a MC. And adding billions to the sell side in concentrated sector (eg tech) does tend to have a spiraling effect.

Of course theres plenty of room to disbelieve many of these assumptions. But it could be valid.

Offline madhocker

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Re: Stocks
« Reply #5597 on: March 23, 2021, 08:28:44 PM »
Its not as farfetched as it may seem. If you believe the short interest reports there are tens of billions of $ on the line if gme gaps up. Hedge funds don't have billions in cash so they would need to sell off a lot of mainstream stocks to cover a MC. And adding billions to the sell side in concentrated sector (eg tech) does tend to have a spiraling effect.

Of course theres plenty of room to disbelieve many of these assumptions. But it could be valid.
I guess it is possible.

Checking back on GME seems to have closed the AH session down 15%. If your theory is correct and the trend continues in the regular session tomorrow, can we expect a massive re-entry into those tech stock that saw the abrupt selling today?

Offline yos9694

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Re: Stocks
« Reply #5598 on: March 23, 2021, 09:28:02 PM »
I guess it is possible.

Checking back on GME seems to have closed the AH session down 15%. If your theory is correct and the trend continues in the regular session tomorrow, can we expect a massive re-entry into those tech stock that saw the abrupt selling today?

I like the way you think... could be a good opportunity to buy normal stocks

Offline ari3

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Re: Stocks
« Reply #5599 on: March 23, 2021, 10:13:17 PM »
Its not as farfetched as it may seem. If you believe the short interest reports there are tens of billions of $ on the line if gme gaps up. Hedge funds don't have billions in cash so they would need to sell off a lot of mainstream stocks to cover a MC. And adding billions to the sell side in concentrated sector (eg tech) does tend to have a spiraling effect.

Of course theres plenty of room to disbelieve many of these assumptions. But it could be valid.
the total market cap of GME is 12.7 Billion. Short interest is currently about 26% that is a bit over 3 billion. The total market value of the Nasdaq is 15 Trillion. To think fear of GME rising generated a selloff this afternoon is IMHO ridiculous.

Offline Abey

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Re: Stocks
« Reply #5600 on: March 23, 2021, 10:41:31 PM »
Can anyone explain why the market took a nosedive today after 2PM? Did Powell or Yelen say anything so scary to congress?
Imo and I might be wrong, this was simply investors being disappointed that Powel didnít offer up more the reopening is not as robust and as fast. There will be more such hiccups until we fully reopen. Hedge funds are not caught in the headlights anymore re GME and are not scrambling to avoid margin calls, was definitely the case when it broke out though

Offline madhocker

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Re: Stocks
« Reply #5601 on: March 24, 2021, 01:36:41 PM »
VIAC continues to soar, one of my best buys ever. I believe it can continue rallying to 150-200.
@yuneeq  ouch. You must be really hurting these past 2 days. One of @ExGingi's pet peeves:


When a stock in your portfolio goes up very nicely in one day, and after hours they announce a secondary offering.  >:(

Online ExGingi

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Re: Stocks
« Reply #5602 on: March 24, 2021, 01:38:13 PM »
@yuneeq  ouch. You must be really hurting these past 2 days. One of @ExGingi's pet peeves:

20% Trailing stop triggered today. Still a profit over purchase, but it has been a brutal way down
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Online yuneeq

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Re: Stocks
« Reply #5603 on: March 24, 2021, 01:54:16 PM »
@yuneeq  ouch. You must be really hurting these past 2 days. One of @ExGingi's pet peeves:

I don't see an issue, didn't lose any money and still believe in the stock long term. The stock dropped because they diluted the shares 5.25% to raise 3b and the further drop is an overreaction to that. VIAC already had 3b in cash so it's not like they had a cash flow issue, they might be purchasing a smaller company like LFG.

Offline Danlover111

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Re: Stocks
« Reply #5604 on: March 24, 2021, 02:56:56 PM »
any good buys on todays drops?

Offline madhocker

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Re: Stocks
« Reply #5605 on: March 24, 2021, 04:01:59 PM »
any good buys on todays drops?
VIAC  ;D

Online yuneeq

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Re: Stocks
« Reply #5606 on: March 24, 2021, 05:51:55 PM »

Offline madhocker

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Re: Stocks
« Reply #5607 on: March 24, 2021, 06:49:07 PM »
I like the way you think... could be a good opportunity to buy normal stocks
This didn't age well....

What is the conventional wisdom about the weak equity markets? Tech was down all day, but the broader market also took a steep drop towards the end of the session, so hard to blame on 'rotation trade'.

Online yuneeq

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Re: Stocks
« Reply #5608 on: March 24, 2021, 07:30:10 PM »
This didn't age well....

What is the conventional wisdom about the weak equity markets? Tech was down all day, but the broader market also took a steep drop towards the end of the session, so hard to blame on 'rotation trade'.

Way too many stocks are over-inflated. Correction would be great. Hard to fathom how the market is much higher than a record high pre-COVID market.

Offline grodnoking

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Re: Stocks
« Reply #5609 on: March 24, 2021, 08:34:34 PM »


Hard to fathom how the market is much higher than a record high pre-COVID market.

Stimulus checks. Unemployment. PPP.
I'm not who you think I am.