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Misc Stock Market

I have a lot of physical silver in coins and bars. Been buying some every payday since 2001 and putting it away. I have quite the haul. Very little gold. I mean very little. Less than 10 gold eagles.

Edit: My kids will be surprised when they get it after I pass. Pleasantly surprised.
 
Equities, metals, crypto, and DXY were all higher today.

Who's lying? The only thing that would make it stranger would have been if the VIX joined them, but had the morning fade continued where the VIX was higher for a little bit, equities probably would've been red (outside of some tech, maybe).

The thing is, the Nasdaq was more like the Nasdaq though on big gain days unlike that fake rally on Thursday where it faded hard late.
 
GeorgiaGirl said:
Equities, metals, crypto, and DXY were all higher today.

Who's lying? The only thing that would make it stranger would have been if the VIX joined them, but had the morning fade continued where the VIX was higher for a little bit, equities probably would've been red (outside of some tech, maybe).

The thing is, the Nasdaq was more like the Nasdaq though on big gain days unlike that fake rally on Thursday where it faded hard late.
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I would like an inside day tomorrow, maybe something just over $320 on the Q's.

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Jimmy Hypocracy said:
Pennies are hard for me bc those 50% swings kill me. Not sure I’m built for it. Help me?
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The key with pennies is playing the fomo or upcoming catalysts. For example AWGI, I’m loading it because they are a Moody custodianship play and he brings in real companies with a big market cap. It’s a fantastic buy and undervalued. It’s a play you buy and wait on. Another play shorter term play is PVDG, they’re updating their OTC profile and tons of people waiting for filings and news to drop. It’s a good shorter term play.

Then there are the daytrade ones like INKW, USEI, RITE, etc which are volatile and can be nice plays and sometimes turn into multi day runners. I like to go with a mix of longer term holdings like AWGI/PVDG and then mix in shorter term ones and day trades.
 
Broken024 said:
Going to be some gme loss porn on wallstreetbets coming over the next few days
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Regardless of where the short interest actually is (as I spent some time reading arguments over it), certainly does seem as if it's over. All of the retail that is interested are probably in...you'd need another catalyst to spark it and you're not going to get that Porsche situation you saw with VW that many are also touting.
 
GeorgiaGirl said:
Regardless of where the short interest actually is (as I spent some time reading arguments over it), certainly does seem as if it's over. All of the retail that is interested are probably in...you'd need another catalyst to spark it and you're not going to get that Porsche situation you saw with VW that many are also touting.
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Yep. Those diamond hand hold the liners will slowly see the writing on the wall that the moon was a temporary location. Gravity going to smack them in the face if it hasn't already.
 
Jon said:
Down 6%


Sent from my iPhone using Tapatalk
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Slick at the close...was up about 12% at one point. Over 1.5 billion in volume today. I couldn’t ignore it especially with the Fed news on legalization. With a forward looking market, the potential is there. Float gives me pause but keep that volume up through the rest of the week and we’ll see some nice price action.
 
Study the Volkswagen short squeeze. 1) Huge spike. 2.) Mega dip. 3.) Cataclysmic pants annihilating spike as shorts began to all cover at the same time.

oh, and the Wolf has spoken

 
They’re calling today a “short ladder attack” which is short selling the stocks between themselves at lower and lower prices to drive down the price. We’ll see what happens tomorrow with GME. I think the dip continues. What I’m interested in is the covering frenzy. That is if it hasn’t happened yet.
 
Jimmy Hypocracy said:
They’re calling today a “short ladder attack” which is short selling the stocks between themselves at lower and lower prices to drive down the price. We’ll see what happens tomorrow with GME. I think the dip continues. What I’m interested in is the covering frenzy. That is if it hasn’t happened yet.
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Isn't that what took it to $500 in the first place?
 
The reason that VW spiked like it did is that Porsche bought 70% of the shares. Meant that shorts had to cover fast.

In this case, I think the original catalyst is gone, no matter what the short interest is, or where most of the shorts are (as nobody really knows for sure). Retail that wants to be in is in and I'm guessing that institutions have started the process of taking their ball and going back to playing the rest of the market.

Get another catalyst and maybe you restart the process though.

I'm guessing that GME drifts downward again and equities are up tomorrow (as it seems to be inverse lulz), but S&P futures have rammed into resistance apparently, so who knows. They probably try to consolidate for a try to break them tomorrow, and if not, the sell probably isn't over.
 
SNDL oranged me with another offering. Wasn’t expecting that. Butchered their momentum as well.
 
Broken024 said:
There were people throwing 10s / 100s thousands at it when it was over 300.
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Instead of listening to people telling them to hold, they should have done like I did and unloaded after I made some money. If I had bought 1,000 shares at $2.10 a share, once it hit $400 a few days back, I would have cashed out.
 
WXinCanton said:
PSLV is down as well, so the everyone is running to silver argument doesn't work either.
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I think what you had happen is the reddit stuff was used as cover for bigger players doing what they do. All of the rules tilt toward the big money. The little guy can do very little. Even when they band together, the big players change the rules. The GME thing was probably mostly WSB related, but that's probably about it.

Best thing the little guys can do with the silver market is buy physical inventory, while the big players push the prices down. That's the only thing that will eventually force a big time squeeze. And that is unlikely to happen.
 
DXY did contradict metals at least with this environment yesterday but...it also contradicted equities.

I'm guessing that the Fed probably repos soon. They actually haven't been doing "as" much since June, but now the dollar has finally woken up and if it's not beaten back soon it will hold back equities.
 
Rain Cold said:
I think what you had happen is the reddit stuff was used as cover for bigger players doing what they do. All of the rules tilt toward the big money. The little guy can do very little. Even when they band together, the big players change the rules. The GME thing was probably mostly WSB related, but that's probably about it.

Best thing the little guys can do with the silver market is buy physical inventory, while the big players push the prices down. That's the only thing that will eventually force a big time squeeze. And that is unlikely to happen.
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Thanks and seems very plausible

I closed my 500 of PSLV last night @ $10.15 for a small profit. But not worth the hassle IMO
 
Gamestop now below $100 as the overall market is relatively calm this morning.

It's like it would've been better for people to play this for profits instead of for a "movement".
 
I drew this support trend line for GME before bed last night and got the dip perfect. I mean within a dollar. If it stays above that bottom line it will continue to trade. F886BB80-191E-47B0-92E7-0FBFEC5888A7.jpeg
 
Closing in on 300% gain on my initial VXRT investment ! Let’s go, only regret is I didn’t accumulate what I did in MVIS for it. It would have paid off way more ! I held it for 2 months while it literally did nothing but bounce around from 6-8
 
PT for VXRT Is the dang moon. It’s closing in on a pill form vaccine for COVID among other viruses !
 
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