Efficient market theory is officially put to bed.
The markets aren't efficient.
The markets aren't efficient.
Stock Markets
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Last: 3 hrs ago by El Chupacabra
They never were. If this plays out without govt intervention, then I'll have much more confidence in the market's efficiency. But, we both know that is unlikely.bmks270 said:
Efficient market theory is officially put to bed.
The markets aren't efficient.
I love it - Nokia publicly states we don't know what the heck is happening right now.
Absolutely. And I appreciate it.$30,000 Millionaire said:no man, we are a trading team here and we help each other.deadbq03 said:You're right. I'm a moron. But that's why I've learned to never make big moves.$30,000 Millionaire said:check my math:deadbq03 said:
AMC is literally free now.
You can buy 100 AMC and then sell a $9 covered call and get a $10 premium. I just did it.
Edit to add date - these are Feb 19 Calls.
you buy 100 shares for $15.50 each. You sell a $9 Feb call for $10. That lowers your basis to $5.50. It is quite possible AMC is back to $5.50 or lower by Feb 19.
And even thinking about it in correct terms now, I'm happy with the deal. Again, I didn't jump in deep at all.
I think if it happens to drop below 5.50, there's a dang good chance that I can go free or nearly free by writing more calls on the way down.
TD Update:
They tried to force a covered call on EXPR on their end - rejected. He was surprised it was rejected after telling me they are limiting trades on this ticker. The guy I spoke to had to go talk to his manager who confirmed they were not allowing the covered call until their (TD) margin risk improved. Awesome.
I expressed my views on why I am being forced to "assist" them with that by locking me out of certain trades because some of their clients can't manage their risk.
Going to open an IBKR account.
They tried to force a covered call on EXPR on their end - rejected. He was surprised it was rejected after telling me they are limiting trades on this ticker. The guy I spoke to had to go talk to his manager who confirmed they were not allowing the covered call until their (TD) margin risk improved. Awesome.
I expressed my views on why I am being forced to "assist" them with that by locking me out of certain trades because some of their clients can't manage their risk.
Going to open an IBKR account.
CharlieBrown17 said:Proposition Joe said:
At least one major retail-focused brokerage house is starting to respond to a frenetic surge in shares of companies that have been attributed to rabid buying by mom-and-pop investors on social-media platforms.
On Wednesday, TD Ameritrade said it was restricting trading for GameStop GME, +124.83% and AMC Entertainment Holdings AMC, +211.06%, as well as other names, amid a triple-digit percentage surge in the value of those companies in recent days.
4D chess here.
Market manipulation to stop market manipulation that was only possible because of market manipulation.
The problem is how can you ever feel confident in their platform as a trader? If you're sitting there with GME stock that you bought and now can't sell it until they deem it's OK?
Proposition Joe said:CharlieBrown17 said:Proposition Joe said:
At least one major retail-focused brokerage house is starting to respond to a frenetic surge in shares of companies that have been attributed to rabid buying by mom-and-pop investors on social-media platforms.
On Wednesday, TD Ameritrade said it was restricting trading for GameStop GME, +124.83% and AMC Entertainment Holdings AMC, +211.06%, as well as other names, amid a triple-digit percentage surge in the value of those companies in recent days.
4D chess here.
Market manipulation to stop market manipulation that was only possible because of market manipulation.
The problem is how can you ever feel confident in their platform as a trader? If you're sitting there with GME stock that you bought and now can't sell it until they deem it's OK?
It's not clear exactly what the restrictions are, probably just on options or margin trading them.
Lol Biden monitoring GME situation
Bro has fomo
Bro has fomo
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
Anyone else take today's down day (DID YOU KNOW Q's and SPY are red? LOL) to buy more TAK? Just me? I'm trying to buy and only getting filled in singles.
Anyone looking to get into a rising company early with possible big potential in the future, Natural Shrimp (SHMP) . Company based out of La Coste Texas. They have made some resent mergers and have been expanding. Traded over the counter on TD but think they have plans to make it onto NYSE. Very interesting venture. I got a kick out of reading on their business. Figured I would throw a little of my EXPR profit in it for the long haul.
https://naturalshrimp.com/
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/naturalshrimp-inc-announces-ribbon-cutting-123000835.html
https://naturalshrimp.com/
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/naturalshrimp-inc-announces-ribbon-cutting-123000835.html
"This is why we elected you, to bail us out, save us Biden."
$30,000 Millionaire said:no man, we are a trading team here and we help each other.deadbq03 said:You're right. I'm a moron. But that's why I've learned to never make big moves.$30,000 Millionaire said:check my math:deadbq03 said:
AMC is literally free now.
You can buy 100 AMC and then sell a $9 covered call and get a $10 premium. I just did it.
Edit to add date - these are Feb 19 Calls.
you buy 100 shares for $15.50 each. You sell a $9 Feb call for $10. That lowers your basis to $5.50. It is quite possible AMC is back to $5.50 or lower by Feb 19.
IF it continues to run the premiums will too, so you could roll your $9 Feb for a lot more than $10 - BiG IF
$SNDL 1/29 $1 CC are at .13 Should be free money to hold SNDL for a couple days..sold some for .10
FUBO! Go go. Reached the 78% retracement level. Hopefully, it takes out the prior high in the next few wks.
gigemJTH12 said:again...why is $BB being lumped into these?fooz said:
siap
Watch what you talk about on social media.
it made big gains this year way before this reddit crap and it was based on actual business.
Opportunity for the MMs to settle this one down and get in on a company that actually has some solid fundamentals.
BB is lumped in because of the %short sale against it.
Simply because it's been mixed into the r/wsb chatter around GME/AMC/NOK.
Because it is up over 200% in 9 trading days. The short float isn't nearly as high as the others, but ~7% is still pretty sizable.gigemJTH12 said:again...why is $BB being lumped into these?fooz said:
siap
Watch what you talk about on social media.
it made big gains this year way before this reddit crap and it was based on actual business.
They do realize decisions like this will only make it worse right?
Correct. But I just solidified the trade of a lifetime. Trying not to get too greedy before Uncle Sam rescues their buddies.AG 2000' said:PearlJammin said:And with that, I just got out of all of my AMC options for a profit of $40K.Irish 2.0 said:
F these people.
I don't think the /WSB crowd give a flip about what Biden or the WH are doing.
The nasdaq site that tracks the stock halts is crashing
What is up with PRSP? up 10% today, hodling flat, and the $30 c's are down 74%???
PearlJammin said:Correct. But I just solidified the trade of a lifetime. Trying not to get too greedy before Uncle Sam rescues their buddies.AG 2000' said:PearlJammin said:And with that, I just got out of all of my AMC options for a profit of $40K.Irish 2.0 said:
F these people.
I don't think the /WSB crowd give a flip about what Biden or the WH are doing.
You'll be singing a different tune when you run out of tendies!
Y'all keep in mind FOMC in 25mins. I don't expect anything new, but don't get caught with your pants down.
QD trying to run on a normal day
Edit: Has anyone sold CC's on these?
Edit: Has anyone sold CC's on these?