- Location
- Bountiful, land of rocks
Sell it. You’ve made some cash. Take your profit and move on
I just opened a Roth IRA, and am ready to invest in the stock market
- Thread starter TurboMinivan
- Start date
glockman
I hate Jeep trucks
- Location
- Pleasant Grove
That's the thing,no one knows because this is a huge anomaly. So even an educated guess could be way off.
glockman
I hate Jeep trucks
- Location
- Pleasant Grove
I'm an idiot so don't listen to me. I sold some options on stock betting it would go higher. Mine have all been covered call's.
I had 100 shares of xx that I bought at $20 per share. I sold options for $3 per share with a strike price of $30.
If the stock goes to $40 the buyer can call the option and I had to sell 100 shares to them for $30. The likely hood of the stock hitting $40 is what drives the cost basis, ($3). If the stock never broke $30, the option expires and I keep the shares and the $300 from the option.
The same thing exists in a Put I believe for falling stock price. The cost basis on a put or short for GME right now is really high. So you'd pay a lot to short it. Again, that's my crude understanding.
- Location
- Grand Junction, CO
Thought this was an interesting combo... news feed on my TD Ameritrade acct.-
- Location
- Grand Junction, CO
For sure. I just wonder what actual experts think. I hope they have a much better idea than I do of what to expect.
I think my initial plan needs to be getting to 2x (again haha) and cashing out half to cover my investment and then ride it a little longer to try and get some real $$$... I just want to have a PLAN!
anderson750
I'm working on it Rose
- Location
- Price, Utah
If I had to take a stab in the dark, I would say they probably are part of the funding for these hedge funds. They make money from it.
Just my thoughts with no actual facts.
yea I'm just catiously curious if there's a narrative being formed here... Like are they gonna use this as a guise for something sinister? I guess time will tell.
Spork
Tin Foil Hat Equipped
- Location
- Saratoga Springs, UT
If you mean a horde of retarded internet users (us), then yes!Who's to say this wasn't foreign nationals....
- Location
- Bountiful, land of rocks
Good perspective
www.marketwatch.com
An open letter to the GameStop army on Reddit
If you end up gambling and losing, don't cost yourself even more money by walking away from long-term investing.
www.marketwatch.com
My ESPP is down too. It's a bummer but also I'M HOLDING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
(Yes I feel like that's a completely appropriate number of exclamation points)
💎👏
This is allegedly how you'll know when to sell
The only issue for me is the timing. I’ve read a bunch of variations of that same thing, all quite similar but others have timelines laid out... and all of them are different! #stressful💎👏
This is allegedly how you'll know when to sell
- Location
- Riverton, UT
I will stick with my original post. Stock markets are a gamble with a fictitious value set by those that have billions of dollars. I bought real estate because it is a physical possession and not a fictitious thing.