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Wally Fairway

By Wally Fairway
in Business and Markets

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Hank_Hill
Hank_Hill

Haven't mentioned it because didn't need naysayers because it is stupid, but I'm a med student doing this almost purely on my student loans while they're at zero interest. I've made +$20k since Decemb

Hank_Hill
Hank_Hill

The real treasure is the friends we make along the way

BradInATX
BradInATX

As long as 700% APR payday loans exist, you can fuck right off with "protecting people from themselves".

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Hank_Hill

Hank_Hill 18486

Posted
Posted (edited)
1 hour ago, TheFlyingBoat said:

Oh I thought he regretted selling to close earlier but he still had open calls that he bought later. If he sold to open, then yeah exit ASAP imo. You're in trouble.

I bought. Straight cash homie. I guess that's what threw a wrench in my understanding as I thought he was saying a gamma would be a bad thing for bought calls.

Edited by Hank_Hill
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Coelenterate Fuccboi

Coelenterate Fuccboi 13010

Posted
Posted

Gambling and Investing: Loop Capital analyst Anthony Chukumba had a warning for retail investors on GameStop, according to Yahoo Finance. 

'If you want to gamble, go to the casinos. This is not what the markets are for.”


 

 

I’m picturing grown adults jumping up and down, throwing tantrums, like toddlers.

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Hefeweizen

Hefeweizen 5307

Posted
Posted
1 hour ago, Coelenterate Fuccboi said:

Gambling and Investing: Loop Capital analyst Anthony Chukumba had a warning for retail investors on GameStop, according to Yahoo Finance. 

'If you want to gamble, go to the casinos. This is not what the markets are for.”


 

 

I’m picturing grown adults jumping up and down, throwing tantrums, like toddlers.

Oh they mad.

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TornACL

TornACL 7675

Posted
Posted
1 hour ago, Coelenterate Fuccboi said:

Gambling and Investing: Loop Capital analyst Anthony Chukumba had a warning for retail investors on GameStop, according to Yahoo Finance. 

'If you want to gamble, go to the casinos. This is not what the markets are for.”

Shut up Anthony, you little bitch. 

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BTW

BTW 370

Posted
Posted
On 1/25/2021 at 7:25 AM, RCRanger03 said:

...

ALPP ... Shareholder meeting on 2/5 to vote on authorizing the ability to R/S or increase A/S remember to vote for the latter.

...

A reminder for those here holding shares.  I just voted, it took < a minute.

And to translate the shorthand for clarity:

Option 1 is R/S - "Reverse Split"

Option 2 is increase A/S - "Authorized Shares" ... per our fearless leader, vote for this one.

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Blotto

Blotto 23428

Posted
Posted (edited)

Jumped in with some modest entries to the following stonks at open today:

ELCR - .004 (partial fill) 

VPER - .0039

PLYZ - .0046

Certainly NOT a recommendation as I barely did any research, but that was the case for PLRTF and CTLE last week and they are up 85% and 200% respectively. Stonkin while the stonkin is good.

And apparently a buy order for SSFT filled yesterday at .18 as I just noticed that  in my account. 

Edited by Blotto
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RCRanger03

RCRanger03 1049

Posted
Posted
18 minutes ago, BTW said:

A reminder for those here holding shares.  I just voted, it took < a minute.

And to translate the shorthand for clarity:

Option 1 is R/S - "Reverse Split"

Option 2 is increase A/S - "Authorized Shares" ... per our fearless leader, vote for this one.

Thanks, the Authorized Share increase is techinically "dilution" but it allows for more acquisitions using stock so may not be as dilutive as a typical one. The R/S isn't as terrible as many are where it only wipes out commons, but R/S always induce panic and would absolutely lower the PPS. I'm actually expecting the insittutional holders (Airbus, Bessmer, the Tesla guys) to vote A/S increase too since they'd be affected by the R/S due to the recent change. Also ALPP posted yesterday that they wanted to organically uplist based on current PPS movement which may mean neither will happen and they put in the back pocket for bad times. I think if we can break $5 they might not do it.  

Which buttcheek are we getting our XMET tattoos? My first sell 1M at .01 keeps showing up on LVL2 and then falls back off

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ZB'Tejas

ZB'Tejas 593

Posted
Posted
5 minutes ago, RCRanger03 said:

Thanks, the Authorized Share increase is techinically "dilution" but it allows for more acquisitions using stock so may not be as dilutive as a typical one. The R/S isn't as terrible as many are where it only wipes out commons, but R/S always induce panic and would absolutely lower the PPS. I'm actually expecting the insittutional holders (Airbus, Bessmer, the Tesla guys) to vote A/S increase too since they'd be affected by the R/S due to the recent change. Also ALPP posted yesterday that they wanted to organically uplist based on current PPS movement which may mean neither will happen and they put in the back pocket for bad times. I think if we can break $5 they might not do it.  

Which buttcheek are we getting our XMET tattoos? My first sell 1M at .01 keeps showing up on LVL2 and then falls back off

Yo Vote'

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Anastasis

Anastasis 23393

Posted
Posted
1 minute ago, Anastasis said:

Bought back my GME calls on this dip to close the position.  Hell of a ride.  At one point this morning I was down I think 70% on the trade, ended up pocketing 15% and packing off. 

And just like that it pops from 82 to 94.  That would have hurt a bit. 

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WithoutAClue

WithoutAClue 15206

Posted
Posted
51 minutes ago, RCRanger03 said:

Thanks, the Authorized Share increase is techinically "dilution" but it allows for more acquisitions using stock so may not be as dilutive as a typical one. The R/S isn't as terrible as many are where it only wipes out commons, but R/S always induce panic and would absolutely lower the PPS. I'm actually expecting the insittutional holders (Airbus, Bessmer, the Tesla guys) to vote A/S increase too since they'd be affected by the R/S due to the recent change. Also ALPP posted yesterday that they wanted to organically uplist based on current PPS movement which may mean neither will happen and they put in the back pocket for bad times. I think if we can break $5 they might not do it. 

I don't think it matters how any of us retail stockholders vote. If you look at pages 13 & 14 of the proxy statement, the four directors and the COO control over 78% of the voting shares. So those five guys determine the voting outcome. ALPP is basicly a public company being run as a private company.

I cannot copy/paste the relevant info from the proxy statement but you are welcome to go look for yourself.

Feel free to correct me if I am reading the proxy wrong.

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HoustonHorn

HoustonHorn 1059

Posted
Posted
41 minutes ago, WithoutAClue said:

I don't think it matters how any of us retail stockholders vote. If you look at pages 13 & 14 of the proxy statement, the four directors and the COO control over 78% of the voting shares. So those five guys determine the voting outcome. ALPP is basicly a public company being run as a private company.

I cannot copy/paste the relevant info from the proxy statement but you are welcome to go look for yourself.

Feel free to correct me if I am reading the proxy wrong.

Those guys may be too busy rolling around with whores in Vegas on beds covered in cash to vote.

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RCRanger03

RCRanger03 1049

Posted
Posted
48 minutes ago, WithoutAClue said:

I don't think it matters how any of us retail stockholders vote. If you look at pages 13 & 14 of the proxy statement, the four directors and the COO control over 78% of the voting shares. So those five guys determine the voting outcome. ALPP is basicly a public company being run as a private company.

I cannot copy/paste the relevant info from the proxy statement but you are welcome to go look for yourself.

Feel free to correct me if I am reading the proxy wrong.

Correct ultimately our vote is moreso to demonstrate what the common shareholder sentiment is

However they specifically opened that door in the most recent amendment to even have options to vote on. I wouldn't be voting if they hadn't included the A/S option. That could be fan service to keep up morale in the common holders and thus the PPS since it was put out when things fell back into the $2

Call me naive, but the decision to include all preferred shares in any R/S action was one of the most friendly to common shareholder actions I've EVER seen in ANY company.

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RCRanger03

RCRanger03 1049

Posted
Posted
1 hour ago, Wally Fairway said:

Bravo - take that initial investment off the table (maybe more) and let the rest run. 
Nobody ever went broke taking some gains off the table. 

My philosophy is sell early and sell late.

I took my initial investment and then some out of FPVD in the first 2 runs to .008 . Everything now is pure profit. Timing works out because I was about to change tax brackets last year if I was dealing with Short term gains last year. I may have to suck it up this year though the way things are going

Same with XMET, all profit, loving seeing it churn in the .0080s. I have 1M GTC sells at .01, .05, .10, .50 and $1 if all that happens it puts me above $1M after taxes and saves 2M for a TSNP like outcome

Anyone know a tax advisor?

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Trey3216

Trey3216 15325

Posted
Posted
3 minutes ago, Anastasis said:

Jeez, I am fucking glad I got from under that short call position ahead.  Trading @ 114 now and halted.  That would have been a fucking blood bath. @Hank_Hill, you did pretty well long the calls, right?  Looks like they are trading @ 20 now.  

And to think that had I bought calls rather than trying to swing trade puts just 7 trading days ago, I'd have made about $1mm on that trade.  Ouch.  

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Blotto

Blotto 23428

Posted
Posted
3 hours ago, Blotto said:

Jumped in with some modest entries to the following stonks at open today:

ELCR - .004 (partial fill) 

VPER - .0039

PLYZ - .0046

 

VPER had a nice run here while I was on a conference call, trading at about 5X average volume half way through the day. 

image.png.568bc55bbc1ea0261668602bfc7a3d0c.png

other stonks I bought today pretty much flat.

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Incredulity

Incredulity 11559

Posted
Posted
54 minutes ago, Eastwood said:
1 hour ago, Trey3216 said:
And to think that had I bought calls rather than trying to swing trade puts just 7 trading days ago, I'd have made about $1mm on that trade.  Ouch.  

Woe unto those who short GME.

I hope the movie eventually made about this can accurately portray what has to be utter chaos at the funds that are shorting.

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Wally Fairway

Wally Fairway 5521

Posted
  • Author
Posted

GME seems to have lost none of its momentum, sure yesterdays spike was a thing but here is a 5 day chart that says the squeeze is still on
There might must be infinite fuel for this, based on tall the calls that expire this friday and that are in the money, last week to top strike was $60

GME-momentum

and here is a list of 1-29-21 calls with strikes between 58-85, there are about 30,000 options under the 58 strike and another 30,000 between 85 and 115.
And those are currently all in the money - this shit is mind bottling

Spoiler

GME-open-options-1-26-21

these guys are printing money

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TheFlyingBoat

TheFlyingBoat 906

Posted
Posted (edited)
6 minutes ago, Trey3216 said:

Insanity laughs, under pressure we're breaking...

spacer.png

Can't we give ourselves one more chance?

Why can't we give GME that one more chance?

Why can't we give GME, give GME, give GME, give GME

Give GME, give GME, give GME, give GME, give GME?

 

'Cause GME's such an old fashioned stock

And love dares you to care for

The people on the edge of the web

And GME (people on WSB) dares you to change our way of

Caring about ourselves

This is our last dance

This is our last dance

This is ourselves under pressure

Under pressure

Pressure

 

queen freddy mercury GIF

 

I am long GME 

Edited by TheFlyingBoat
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