Stocks to watch

[ABMax24]

AIEQ:NAL

Not sure I'll be a buyer, but pretty impressive results considering it's an ETF making trades based on Artificial Intelligence.

 

[Cableguy]

i like the think or swim platform

 

[Bogger]

I just use my RBC Direct investment account online. I don't like the $9.98 fee per trade but the last time I looked in discount brokerages there were trade minimums in order to qualify for the reduced fees. I think RBC offers $4.99 trades but again there are trade minimums required (300 orders/month or something like that) A while back level 2 was only available to enhanced users but I see I have full access to the level 2 dashboard now.

 

[jhurkot]

All in on gamestop!!! $1000/share!!!!

 

[ABMax24]

I just use my RBC Direct investment account online. I don't like the $9.98 fee per trade but the last time I looked in discount brokerages there were trade minimums in order to qualify for the reduced fees. I think RBC offers $4.99 trades but again there are trade minimums required (300 orders/month or something like that) A while back level 2 was only available to enhanced users but I see I have full access to the level 2 dashboard now.

Qtrade is $7.75 per trade if you have a minimum $25k account balance, or set up a regular deposit of $75/month. But their level 2 data is trash, super basic and only for Canadian exchanges.

 

[ABMax24]

All in on gamestop!!! $1000/share!!!!

Lol. I'm going to take that as sarcasm.

There's a lot of people that have thrown a significant amount of their savings in that one, I'm sure once of bunch of them start seeing 5x returns they will start cashing out. As cool as it would be I don't see $1000/share.

MTRX was similar on a much smaller scale about a month ago. Lots of social media hype claiming $5 a share, started at about $0.70, I think it spiked at $2.98. Still decent returns if you bought at the start, but a few poor suckers halved their money.

 

[lilduke]

My brother was talking about gamestop a couple weeks ago. Shoulda listened.....lol

 

[ABMax24]

My brother was talking about gamestop a couple weeks ago. Shoulda listened.....lol

Woulda been nice.

The story behind it's pretty cool though, basically a bunch of misfit day-traders taking on the big players of Wall-Street.

https://www.youtube.com/watch?v=DdpVzzXWOTA&ab_channel=LouisRossmann

 

[catalac]

Thinking the dem market slide has started... crap more red days than we’ve seen for a while.

 

[lilduke]

Woulda been nice.

The story behind it's pretty cool though, basically a bunch of misfit day-traders taking on the big players of Wall-Street.

https://www.youtube.com/watch?v=DdpVzzXWOTA&ab_channel=LouisRossmann

Yeah guess I need join reddit. I watch Louis's vids. Good stuff.

 

[Bogger]

Peaked at $380USD so far..... Maybe it will hit $1000 if people are stubborn enough and can resist the temptation to grab profit....

 

[Bogger]

Peaked at $380USD so far..... Maybe it will hit $1000 if people are stubborn enough and can resist the temptation to grab profit....

This could also be the beginning of the end to the big bull run. More people are figuring out the stimulus money is just paper and the debt will have a bigger impact on the economy than the $$$ itself.

Might be time for this guy to sell off most of my equities and stick to the occasional swing trade as opportunity presents.... My $280% return on apple looks pretty good right now but means nothing until I convert it to cash....

 

[jhurkot]

Peaked at $380USD so far..... Maybe it will hit $1000 if people are stubborn enough and can resist the temptation to grab profit....

I'm going for $1000 or $0.

 

[ABMax24]

This could also be the beginning of the end to the big bull run. More people are figuring out the stimulus money is just paper and the debt will have a bigger impact on the economy than the $$$ itself.

Might be time for this guy to sell off most of my equities and stick to the occasional swing trade as opportunity presents.... My $280% return on apple looks pretty good right now but means nothing until I convert it to cash....

I agree with all of that. Less than 5% of my portfolio is invested right now.

The short squeeze is hitting Europe now too, investors are now deliberately hitting stocks with significant short positions. Like how the f@ck can you short 139% of the shares of a stock like was done with GME? If your dumb enough to do that you deserve to be bankrupt.

 

[Bogger]

Reuters
[h=1]UPDATE 4-GameStop rally quashes hedge funds, brings calls for scrutiny[/h] 01/27/2021 11:44:10 AM


​

(New throughout, adds detail on market drop and BlackRock stake, Reddit co-founder comment, links to related stories, and updates shares)
By Sagarika Jaisinghani and Medha Singh
Jan 27 (Reuters) - Shares of GameStop and AMC Entertainment Holdings each more than doubled on Wednesday, forcing hedge funds to take heavy losses as they unloaded short positions, sparking calls for scrutiny of anonymous stock market trading posts on social media.
The short squeeze was so sharp that funds were selling long positions in stocks to pay for the losses, which sparked a 1% slide in Wall Street's main indexes.
The Goldman Hedge Industry VIP ETF, which tracks hedge funds' most popular stocks, has fallen for five straight sessions, its longest losing streak since February 2020.
Short-seller Citron said in a video post it had abandoned its bet on GameStop shares falling after the video game retailer's value soared almost tenfold in a fortnight. Citron has been a target for some individuals on Reddit's "WallStreetbets" thread who helped drive gains for several niche stocks.
With commentators and lawyers calling for scrutiny of the moves, Nasdaq chief Adena Friedman said exchanges and regulators needed to pay attention to the potential for "pump and dump" schemes driven by chatter on social media.
"If we see a significant rise in the chatter on social media … and we also match that up against unusual trading activity, we will potentially halt that stock to allow ourselves to investigate the situation," Friedman said on CNBC, responding to a question after the exchange's financial results.
"If we do think or contemplate that there may be some manipulation, we then engage with FINRA and the SEC to evaluate and investigate that."
The Securities and Exchange Commission (SEC) declined to comment. GameStop and AMC are both listed on the New York Stock Exchange.
Mainstream commentators have questioned moves in several Reddit-hyped stocks in recent days, at a time when some on Wall Street wonder if months of stellar overall gains have driven share prices across the market into bubble territory.
GameStop's stock has surged nearly 700% in two weeks, lifting the struggling video game retailer's market value from $1.24 billion to more than $10 billion. BlackBerry Ltd soared 185% on Tuesday, on course for its biggest monthly gain ever.
GameStop surged another 146% to $365 by midday on Wednesday, while AMC's stock more than tripled to $16.50, at a time when the broader stock market was down more than 1%.

Along with Nokia Oyj, the companies were among the most heavily traded stocks, with Reddit discussion threads again humming with chatter about the stocks."These are not normal times and while the (Reddit) ... thing is fascinating to watch, I can't help but think that this is unlikely to end well for someone," Deutsche Bank strategist Jim Reid said.BlackRock Inc, the world's largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop. It owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020, a regulatory filing showed on Tuesday.But extreme volatility means investors stand to lose money, said Matthew Keator, managing partner in wealth management firm the Keator Group in Lenox, Massachusetts."It's a dangerous game to play from both sides of the spectrum, whether you're long or short. You get close enough to the fire you're going to get burned," he said. "At some point in time, valuation is going to matter and it won't matter what social media is cheering the stock on."​

 

[Truebro]

All in on gamestop!!! $1000/share!!!!

try not to lose your life savings. The company is worthless. The price only went up as collaborative investors on reddit did a calculated move to trap shorts in a squeeze. It will go back to nothing just as fast as it went up...

watch this:

https://globalnews.ca/video/7602380...t-group-at-wellington-altus-private-wealth-98

 

[jhurkot]

try not to lose your life savings. The company is worthless. The price only went up as collaborative investors on reddit did a calculated move to trap shorts in a squeeze. It will go back to nothing just as fast as it went up...

watch this:

https://globalnews.ca/video/7602380...t-group-at-wellington-altus-private-wealth-98

LOL nice try suit!

 

[Cyle]

I think a sell is coming soon, especially after some short sellers admitting to giving in. Eventually people will start to blink and want to cash out and the stock is going to be firesaled. I don't know why anyone would buy the stock now, it's way too high to make anymore decent gains, especially considering the risk for it to drop.

 

[pommie_git]

Except you could still easily double your money in the next 48 hours...which would be a decent gain.

 

[Cyle]

Except you could still easily double your money in the next 48 hours...which would be a decent gain.

Or you could loose it all. Once a sale starts it's not going to stop until the stock is back to what it was before it all started.