What other tech stock to consider?

[Cosmacelf]

Gamestop is a good example of why shorting companies is risky. Gamestop, a retail brick and mortar business is an obvious candidate to short. Games are downloaded these days, not bought in stores, and amazon sells everything else like consoles. So it will go the way of blockbuster. So, great short, right? Well, they got a new CEO and he started making all the right noises. Hey, we're going to transition to be an on-line powerhouse! We will be the go to place to buy downloadable games! Don't worry about our stores, we'll figure something out...

Anyways, the stock price had been beaten down so low, that any bit of good news caused the price to rebound. (When shorting, never short near a low!!!). Gamestop was never a very liquid stock, so ... short squeeze! 69% today was nothing. It has gone up 12x since the lows...

Personally, I hate shorting, so, yeah, you get what you deserve!

 

[Cosmacelf]

Personally, I hate shorting, so, yeah, you get what you deserve!

BTW, Nikola certainly tested my resolve against shorting, but I held firm to my convictions

 

[ByeByeJohnny]

For those not familiar. This have been the pet project of the wsb lunatics on reddit for awhile. One guy bought calls for last friday a year ago. Kept through everything and turned something like $50k (might have been $5k) to $6 million. And that was before this week when his remaining April (I think) calls must have gone from a couple of millions to many millions.

 

[golfcart]

I'm hesitant to bring this up, especially for folks that remember the whole ZapGo/Nikola debacle, but there is a penny stock play with COUV and Carbon-Ion energy (who acquired the assets of ZapGo). I am not outright endorsing this, it is really risky, I am just saying that some big $$ is probably gonna be either made or lost on this IMO. Do your own research and decide for yourself.

OTC Markets | Official site of OTCQX, OTCQB and Pink Markets

 

[Cosmacelf]

For those not familiar. This have been the pet project of the wsb lunatics on reddit for awhile. One guy bought calls for last friday a year ago. Kept through everything and turned something like $50k (might have been $5k) to $6 million. And that was before this week when his remaining April (I think) calls must have gone from a couple of millions to many millions.

What's a wsb lunatic?

 

[c041v]

I threw in some lunch money in. A friend had told me about the story a while back, and it sounds like Citron's attempt to keep it down yesterday fell flat. I'm curious to see where this goes...

 

[Tifighter]

What's a wsb lunatic?

Uh oh.

Turn away from the light...

(google reddit wsb)

 

[ByeByeJohnny]

What's a wsb lunatic?

WallStreetBets subreddit on reddit. They call themselves autistic. I was trying to avoid that word.

 

[mongo]

Gamestop is a good example of why shorting companies is risky. Gamestop, a retail brick and mortar business is an obvious candidate to short. Games are downloaded these days, not bought in stores, and amazon sells everything else like consoles. So it will go the way of blockbuster. So, great short, right? Well, they got a new CEO and he started making all the right noises. Hey, we're going to transition to be an on-line powerhouse! We will be the go to place to buy downloadable games! Don't worry about our stores, we'll figure something out...

Anyways, the stock price had been beaten down so low, that any bit of good news caused the price to rebound. (When shorting, never short near a low!!!). Gamestop was never a very liquid stock, so ... short squeeze! 69% today was nothing. It has gone up 12x since the lows...

Personally, I hate shorting, so, yeah, you get what you deserve!

Yeah, Gamestop had the Nintendo Switch at MSRP vs Amazon which was out of stock or overpriced 3rd party.. Plus they carry used games. Don't own stock, but have bought a bunch of stuff from them on-line during the lockdown.

 

[ZeApelido]

What's a wsb lunatic?

What's a wsb sane person? Do they exist?

 

[uujjj2]

I'm skeptical of these charging network companies being that profitable. Most people can L2 charge at home, work, or where they park their car at night. I have used a supercharger maybe 10 times since I got my car. I know plenty of people live in apartments/condos or are on the road a lot but I just don't see there being huge demand.

Agreed. Charging infrastructure seems like a crappy standalone business. Even after the EV transition is complete, charging infra will be something like 1/10 of the business that selling gas is right now. It makes sense for EV manufacturers to build out charging infrastructure because it helps them sell their main product (cars). It makes sense for utilities to build charging infra because it helps them sell their main product (electricity). And it makes sense for restaurants and shops to build out charging infra to attract customers to their restaurants and shops. But charging infra is not a good standalone business.

 

[ByeByeJohnny]

One final post on this.

Seems like the guy I mentioned above turned $53,000 into $11,176,000 in 17 months.He's only cashed out about $2,6 million so far. That's 210x and not risking $1k but $53k. That should give us all something to aim for.

 

[UCF3]

So our long time pal Russ Mitchell sent CCIV up 25% today?

 

[MXWing]

What's a wsb sane person? Do they exist?

Me.

Calculated plays with defined risks and exit strategies. Makes me a WSB boomer but whatever.

 

[azaz]

One final post on this.

Seems like the guy I mentioned above turned $53,000 into $11,176,000 in 17 months.He's only cashed out about $2,6 million so far. That's 210x and not risking $1k but $53k. That should give us all something to aim for.

Tesla options bought in fall 2019 probably did higher returns

 

[Big Time]

Read some post off on a forum regarding Ticker PTE PolarityTE & their involvement with Tesla or space x? Cathie involved? It’s a 1$ per share I don’t know much about it.

 

[Getinring]

Whoever originally posted about ABML... Thank you VERY much!

I think that was xepa777. Awesome guy and thanks for the tip too!

 

[corduroy]

I ventured into the WSB realm to learn more about the GME situation. What a fascinating and somewhat frightening ecosystem. I feel old now!

Apparently BB and NOK are their next targets.

 

[pz1975]

I ventured into the WSB realm to learn more about the GME situation. What a fascinating and somewhat frightening ecosystem. I feel old now!

Apparently BB and NOK are their next targets.

I did the same and it looks like they are still mostly focusing on GME - expecting another 10x rise over the next couple years. Also expecting a further short squeeze in the coming days.

 

[UnknownSoldier]

People who don't understand WSB probably shouldn't comment on WSB.

I'll throw a phrase out there, and if you are immediately offended by it, you don't understand WSB. If you do understand WSB, then you will understand exactly what I just said.

"WSB is a bunch of autists pretending to be retards."

Did you get what I just said? That's your litmus test of the day.