STOCK PICKING THREAD.... let's hear everyone's best picks!

SRMX and KYNC. Micro stocks that are heavily shorted. You can buy a lot of shares for a little. If either take off anything close to Gamestop, you're golden. If not, you've spent very little to speculate. Both moved extraordinarily well so far today.

whats the deal with gamestop stock? Is this some sort of reddit prank?

It's an epic short squeeze. Gamestop (GME) was shorted big-time by a number of hedge funds and the number of shorts ended up being actually greater than the number of long shares outstanding due to some short sellers not even borrowing GME before they sold it but instead selling it "naked" (ie. no borrowed stock, no nothing, just sold it and took the cash). When the Chewy guy bought a 13% stake in GME, it jumped a bit. As GME rose, the reddit gang on wallstreetbets decided to jump on the train and start buying GME and squeeze the shorts. Retail investors piled in and GME has gone nuts. It's a squeeze because as the price of GME share rises, the hedge funds who sold it short lose more and more money. For example, if a stock is at $10 and you sell it short (ie you borrow the stock to sell it or sell it naked), and then the stock rises to $50, you are in the hole for $40 ($50-$10) per share. As it keeps rising, your hole can become huge. At some point, the shorts have to cover and when they do that, it is typically another bump up in the stock price, helping the longs make even more money.

It's risky business selling short, and it's crazy business selling naked shorts, but the pros at trading can make money going long or short depending on the situation. At least when you go long, the most you can lose is what you paid to buy the stock, when you go short, your losses are theoretically unlimited - the stocks keep rising and you keep losing more. This the problem for the hedgies who haven't bought GME long to cover yet - huge losses continuing to increase.

This GME short squeeze is being painted in the media and by some on the reddit string as the little guy (the retail investor) getting revenge on the big Wall Street hedge fund bullies, but it seems to me that it's mostly trash-talking while making a lot of money in a short period of time off the backs of people who should have known better. Good for the little retailees! Fascinating to watch. Hope that helps.

I might need a dumbed down explanation. But it's gone from 17 to 340 so far this year, it's shocking.

Thanks. Nice summary.

At some point, a bunch of the people buying long are also going to get burned though, right? I mean, the company doesn’t deserve this high a price on its merits, so it’s got to cash sometime, no?

The youtuber/reddit user that was the biggest backers of GameStop from the beginning and started this entire thing is a former 4:03 miler out of Brockton, MA. He is roaring kitty/

https://www.letsrun.com/forum/flat_read.php?thread=10407357

what is the end game wrote:

Thanks. Nice summary.

At some point, a bunch of the people buying long are also going to get burned though, right? I mean, the company doesn’t deserve this high a price on its merits, so it’s got to cash sometime, no?

Down 34% after hours. Maybe the beginning of the end

One of the best picks I ever made was Netflix over 5 years ago. Currently investing in green energy companies like Nikola.

TAA wrote:

what is the end game wrote:

Thanks. Nice summary.

At some point, a bunch of the people buying long are also going to get burned though, right? I mean, the company doesn’t deserve this high a price on its merits, so it’s got to cash sometime, no?

Down 34% after hours. Maybe the beginning of the end

Here's how this sort of thing always end up working - there's two parties, the ultra shorts and the ultra longs. They're irrationally and over-emotionally invested in their position. People who dgaf and have a lot of money and smart quants will see a statistical arbitrage opportunity. They'll destroy one position first, and then they'll destroy the other side.

Just bought RIDE ( nasdaq ) , just a 100 shares as a gamble . Mixed reviews . The market these days seems like day traders riding the market . See where this goes 6 months from now .

$SNDL $AMC $GME

I bought Disney at 104. I am still holding this. It’s at 162. I anticipate it going up 40 points

I also bought Delta and American Airlines in April and they are both up.

Does anyone know if anyone has the contract for the remote control cars and drones that Amazon will be purchasing? I feel like that would be a good pick.

I can’t anticipate stocks like GameStop. I wish I could but the reasons it is up is insane. That bubble is going to burst though. I would definitely sell now if I owned it.

Primo Numero Uno wrote:

Next 10x stock? wrote:

Missed out on Tesla a bunch of times. I was all ready to buy it a year ago and just didn't seal the deal! It's 10 times higher since then

All right let's hear everyone's pics for best stocks for the next year, 5 years, 10 years?

Gold Mining stocks are the way to go now. As the US trashes the dollar and Gold goes up mining stocks go up significantly more as their profit vastly increases...

I see your point. However, I've been brainstorming the opposite approach: bet against gold (and related stocks) as bitcoin replaces it, just as cars replaced horse/buggies.

If bitcoin truly is "digital gold," as many geniuses think it is, and eventually acquires the $10 trillion presently stored in gold, then the eventual collapse of gold could be as spectacular as the rise of btc. Best of all, it hasn't started yet and one can still get in on the ground floor of the (potential) phenomenon. On the other hand, it's a long term strategy which could take years/decades, if ever, to realize.

we used to have Trump to distract us. At least then we were getting distracted by a professional. Yes, a professional con-man, but it was professional.

This Sh!t now is garden variety distraction.

I just hope thee's a grown-up in the room over at the Fed/Treasury/WH that deals with the real thing.

And for what it's worth, i made it maybe exactly 32 seconds into that video before the fakeness was just too painful to endure any longer.

Find out what's trending (up) on stocktwits or reddit. Buy as much as you can afford to lose (regardless of price, unless it already rocketed). When it starts shooting up, buy more and more. Sell what's not going up, or going down quickly. Repeat.

Sven is one of the biggest permabears out there. Not sure if he ever participates or makes money.

otter wrote:

I bought Disney at 104. I am still holding this. It’s at 162. I anticipate it going up 40 points

I also bought Delta and American Airlines in April and they are both up.

Does anyone know if anyone has the contract for the remote control cars and drones that Amazon will be purchasing? I feel like that would be a good pick.

I can’t anticipate stocks like GameStop. I wish I could but the reasons it is up is insane. That bubble is going to burst though. I would definitely sell now if I owned it.

DIS is a good pick. They will bounce back even more once many are vaccinated and the pandemic wanes. There will be a lot of pent up demand for fun vacations once everyone is “free” again and I expect a lot of popular vacation places to be swamped

$AMC all day. Ride it to the moon