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Investment Thread - For all your money needs

DeacDiggler said:
who the hell is still buying at $300/share for a crap company? I get wanting to screw the man, but there's a point where the fundamentals have to kick in.
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Wouldn’t there be incentive to short it again?
 
DeacsATS said:
Doesn't matter how big the Airlines are... They've gone bankrupt before. Often. That doesn't mean a particular carrier will go away, it just means your stock will be worth dogshit. The alternative (which I don't think will happen) is that they become nationalized (again)... Also not good for shareholders.

The biggest issue w/ Airlines in this pandemic is that they haven't really done any serious restructuring... They are operating as though they expect demand to come right back and they want to be ready for it. They haven't taken any pain.

FWIW, I'm short AAL and expect them to declare bankruptcy once they realize they are fucked (later this year or sometime in '22). At least then they'll be able to do the restucturing they need.
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Screamindemon3 said:
AAL with a quick 5% jump this morning
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DeacsATS said:
The entire group is rallying today on stimulus hopes and DAL's earnings (first to report).

I'm still long CPA and short AAL.
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AAL up 6% yesterday, currently up 50% pre-market
 
Robinhood has restricted trading of the meme stocks. Can only sell, not buy. They just triggered a massive panic sell off by people worried they are going to get zilch when the fall stops.

This can't be legal...
 
That seems like it would piss off a lot of Robinhood customers, no?
 
tiltdeac said:
That seems like it would piss off a lot of Robinhood customers, no?
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And they likely had hundreds of thousands of new people join in the last few days.

Honestly, I think they are worried about this running until next week then everyone selling at once and trying to withdraw all the cash, and RH won't have all of it to cover the gains.

When the market opens there is going to be an epic amount of sell orders filled from the panic and the prices will go thru the floor. The hedge funds get their chance to cover today at depressed prices and the mem stonks are wiped out by tomorrow.
 
i mean we might as well just start a market to speculate in tulip bulb values
 
Donkey Deac Doug said:
Shit like this is what causes riots.
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Hopefully. The rich financial elites have been operating in a closed undemocratic system for decades, and it's past time to eat them.

Most of my family has died in the last decade, so have a decent chunk of my inheritance in the market, and I'd gladly sacrifice half of it to see our corrupt financial system massively reformed.
 
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Screamindemon3 said:
AAL up 6% yesterday, currently up 50% pre-market
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Yeah, I got out of my short once all this shit started happening. No way I'm getting caught with my pants down in all of this.

AAL is still fucked, of course... But I don't need to be involved in the short term.

I do still own CPA, though.
 
Liquid Karma said:
Robinhood has restricted trading of the meme stocks. Can only sell, not buy. They just triggered a massive panic sell off by people worried they are going to get zilch when the fall stops.

This can't be legal...
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Someone (or someones) with a lot of money got a hold of the Robinhood CEO phone number.
 
DistrictDeacon said:
Someone (or someones) with a lot of money got a hold of the Robinhood CEO phone number.
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From a Mark CUban tweet:

Es03PDBXEAI9aKL
 
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