so I just learned of a gold stock, Galway metals, that trades under $GAYMF. Currently at $0.77, looks interesting. Also funny ticker. Might throw a few bucks at it for the funny
Miners are kind of tricky. Besides the usual company fundamentals, you need to check minerals reports to see exactly what they're sitting on, what it's costing them to get it out of the ground and if they have any contracts for the metal. Also there are different tiers of PM miners....exploratory, development, and finally producing. It can take years to get to the production and sometimes the whole thing just craps out. I'm just starting to get a little clarity with silver miners, I haven't a clue about gold. I'd check around and see if someone has posted their thoughts and the reasoning behind those thoughts somewhere.
Well, that's usually who wins office football pools. The old lady who picks the team with her favorite colors or the city she had a wonderful bagel in.
also it’s Canadian. That gay motherfucker stock operates in Canada. that’s it. That’s the cherry on top. I’m selling some stuff tomorrow and buying 69 shares.
I got out of GME near today's high for a nice little profit, enough to make up for NOK losses and another stupid buy I made. Parking my money back in my long-term funds. I didn't enjoy short term investing.
that’s why I keep it with stocks under a dollar per share. I got into blackberry for a bit, got out for a a good little profit (compared to what I put in) and learned the lesson of doing the opposite of avoiding anything I see on WSB. The gme stuff is an exception, if you can buy low then ride the wave up and sell on top. But there will be a point where the waves will stop coming, and I’m not really sure I wanna surf. with stuff under a dollar per share, I’m basically playing scratch offs and hoping I hit it big. They’re volatile enough I can usually get my money back out if I lose faith in them or something changes with the company, and even if I can’t get out what I put in, it’s still cheap enough we’re talking $10 or $20 losses vs hundreds or thousands. this style of entertainment aligns perfectly with my ADD and penny pinching ways. Eventually I’ll hit snake eyes on something, get enough for a gun or suppressor, liquidate everything and get out for good. plays today were $ASRT for $1.09 (will likely increase that if it dips Mon or tues), $GAYMF for .77, and I took a flier doing a GTC order of $EEENF for Monday at .01
Yeah, I got back in today pretty low and am hoping to bail during the morning rush. Here’s hoping that “predictability” hasn’t run its course. It seems like some big fish have entered the playground and are having some fun. We’ll see how it goes. If I lose it all now I’ll have broken even so I’m OK with that kind of gamble.
GME is STILL happening. WTF! Topped $147 today and closed at $132. I'm done day trading it, but did make a pretty good hunk off of that, so am now letting my post-tax winnings go and see how far it'll fly.
This is getting hilarious. Silver is in such short supply/high demand they have to keep lowering the price. It'll probably go under $25 tonight ($25.09 right now.) And no matter how much they drop the spot price, no one is selling and they're in fact, buying even more. I don't think the banks thought this brilliant plan through. And in a final absurdity: Orwellian CFTC, which ignored years of silver price manipulation, now going after Reddit Apes
Meh, I'm not losing money. At the moment spot silver is $25.30, here is the link to sales of 1 oz of silver on e-bay. (Not listed for sale, actually sold.) Going rate seems to be in the $37-38 range and it just keeps going up the lower spot goes. That's what I'm finding so humorous. Even dealers are offering $2+ over spot, normally they offer -$1. I'm sitting on 10lbs at around $31-33, so given what it actually sells for, I'm up about $600 in the past month.
Dayum... opening with a huge bang again today... already up to 145. A shit-ton of buying. Apparently $150 is a magic number that triggers a ton of calls that could potentially fuck over those short positions. Meanwhile, Melvin has a full blitz PR campaign saying that it's no big deal, they're up 22%. If you do the math, they lost 50%, then gained 22%, so need to get another 70% or so to just break even. I get the sense that there are some very big fish fighting this out and WSB is just along for the ride at this point, as a bit of a distraction/scapegoat. And there's $149 lol. Happy Friday!
That was my thought as well. I find it unlikely that the grassroots Reddit trading campaign is still keeping GME afloat all by itself.
There are some very large volume buys happening at rather high prices... if Billions has taught me anything, it's that as much as there are some scumbag hedge funds out there shorting the fuck out of it, there are 3 more hedge funds taking advantage of their position and fucking them over... with deep pockets to do the required manipulation to position them where they want them.
Can you imagine a WSB arch? And they bring in DFV for a cameo? Headband and all? "Who's the new freak with the headband?" "Some internet dude... he likes the stock."
...That's probably exactly how it's going to go, in addition to his sons being in on the WSB side or something.
Son: "Hey dad, we got in on this GME thing and bought in at $325, but then it crashed and I have WSB loss porn now..." Axlerod: "Really? Well, we'll have to fix that then, won't we? Where's my Quant!?!?"