skol61
Fri-hals (237)
May 7, 2020
Valhalla
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Post by skol61 on Jan 29, 2021 22:37:54 GMT -6
True confessions- Been a member of WSB for awhile. I first remember them talking about GameStop last summer. Told my son about it, he thought I was nuts.... He also doesn't like his mom playing around in the stock market. He called me this week and said, "please tell me you bought GameStop!" Nope but I sure was enjoying cheering them from the sidelines! It was like a huge playoff game, (I'ld say Super Bowl, but heck none of our Super Bowls were that exciting.) Anyway- my cheering ended when Robinhood wasn't allowing it to be purchased. It wasn't about making money. It was about taking a stand. I use a different broker so I bought. I'm not in the army, more like just sending cookies to the soldiers, but darn it felt good!
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 29, 2021 23:59:40 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 0:02:01 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 0:06:09 GMT -6
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 7:32:03 GMT -6
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BadgerVol
Thegn (2,485)
Aug 14, 2019
Valhalla
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Game Stop
Jan 30, 2021 8:13:12 GMT -6
via mobile
Post by BadgerVol on Jan 30, 2021 8:13:12 GMT -6
Doesn’t silver hold it’s value well like gold? It doesn’t go UP well but it doesn’t go down either. It’s safe. Right?
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skol61
Fri-hals (237)
May 7, 2020
Valhalla
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Post by skol61 on Jan 30, 2021 9:49:50 GMT -6
This was very interesting to me. From what I read, one can borrow out the stock they own, get 30% interest on it, DAILY. Can call back the loan whenever they want. But once again, the problem is, you're broker has to approve you to do it. Most need $250,000 in their account. Also need the broker to agree the loan is in your name, not theirs, or you won't get the full 30%. Another example of how the rich, get richer. For those not following, it was a big deal for the stock to be above 320 at close. Short explanation, it meant the people who sold calls would have to buy the stock to settle. As I watched it struggling, I thought, this isn't the average retail buyer, most were shut out. My conspiracy theory? It's Elon. He hates the hedgers, they tried to take him down in the past.
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skol61
Fri-hals (237)
May 7, 2020
Valhalla
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Post by skol61 on Jan 30, 2021 9:53:43 GMT -6
Doesn’t silver hold it’s value well like gold? It doesn’t go UP well but it doesn’t go down either. It’s safe. Right? Badger, I'll try to find the post explaining silver- Way above my head to try to explain. Complicated. But has a history of being manipulated by the money people.
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BadgerVol
Thegn (2,485)
Aug 14, 2019
Valhalla
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Post by BadgerVol on Jan 30, 2021 10:15:37 GMT -6
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skol61
Fri-hals (237)
May 7, 2020
Valhalla
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Post by skol61 on Jan 30, 2021 11:01:46 GMT -6
Badger, link to some silver info https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 11:02:42 GMT -6
Doesn’t silver hold it’s value well like gold? It doesn’t go UP well but it doesn’t go down either. It’s safe. Right? It's safe it doesn't move fast. Just like game stop the hedgers have been keeping it's value down. There are 180 times more paper stocks than there is physical silver. They were able to get $20 game stock that was 1.4 times over bought. If they go after silver, how high will $30 silver that is 180 times over bought get. IMHO 1k is the minimum it will go to. If your thinking about picking some. I would suggest researching dollar cost averaging.
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BadgerVol
Thegn (2,485)
Aug 14, 2019
Valhalla
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Game Stop
Jan 30, 2021 11:59:02 GMT -6
via mobile
Post by BadgerVol on Jan 30, 2021 11:59:02 GMT -6
Doesn’t silver hold it’s value well like gold? It doesn’t go UP well but it doesn’t go down either. It’s safe. Right? It's safe it doesn't move fast. Just like game stop the hedgers have been keeping it's value down. There are 180 times more paper stocks than there is physical silver. They were able to get $20 game stock that was 1.4 times over bought. If they go after silver, how high will $30 silver that is 180 times over bought get. IMHO 1k is the minimum it will go to. If your thinking about picking some. I would suggest researching dollar cost averaging. So let me put this in my words and tell me if I understand this... If I go out and buy say $1000 in silver and nothing happens in a year or two or three I should easily be able to sell it back with a small profit or small loss considering the history of the market in silver. If the “crowd” decides “power to the people the next thing to screw the elites is buy up all the actual physical silver so let’s go!” The price of silver will EXPLODE. Accurate? If so seems like a smart thing to do. Considering my wife and I have modest jobs, make about 100,000 a year combined and have no debt but house, and that’s less than 2 years from being paid off, and we have a solid retirement and kids account for college and have about $25,000 in savings. So if we bought say $5,000 in silver and sat on it maybe it pays off? At worst we sell back when we NEED it.
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holmanjp
Thegn (3,741)
Aug 10, 2019
Valhalla
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Post by holmanjp on Jan 30, 2021 12:42:51 GMT -6
It's safe it doesn't move fast. Just like game stop the hedgers have been keeping it's value down. There are 180 times more paper stocks than there is physical silver. They were able to get $20 game stock that was 1.4 times over bought. If they go after silver, how high will $30 silver that is 180 times over bought get. IMHO 1k is the minimum it will go to. If your thinking about picking some. I would suggest researching dollar cost averaging. So let me put this in my words and tell me if I understand this... If I go out and buy say $1000 in silver and nothing happens in a year or two or three I should easily be able to sell it back with a small profit or small loss considering the history of the market in silver. If the “crowd” decides “power to the people the next thing to screw the elites is buy up all the actual physical silver so let’s go!” The price of silver will EXPLODE. Accurate? If so seems like a smart thing to do. Considering my wife and I have modest jobs, make about 100,000 a year combined and have no debt but house, and that’s less than 2 years from being paid off, and we have a solid retirement and kids account for college and have about $25,000 in savings. So if we bought say $5,000 in silver and sat on it maybe it pays off? At worst we sell back when we NEED it. Yes never invest what you can't afford to lose. Not that it would all disappear. This is what I mean by dollar cost averaging. What ever amount you decide. Have it in the back of your mind that you would buy the same amount down the road if it does drop in price. Example, you buy 33 ounces for a total of 1k ($30 each) Then down the road it does work it's self down to $25 per ounce. Would you be willing to buy 1k more or 40 more at $25 each? Now you would have 73 ounces 2k invested at an average cost of $27.40.
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BadgerVol
Thegn (2,485)
Aug 14, 2019
Valhalla
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Game Stop
Jan 30, 2021 12:48:46 GMT -6
via mobile
Post by BadgerVol on Jan 30, 2021 12:48:46 GMT -6
So let me put this in my words and tell me if I understand this... If I go out and buy say $1000 in silver and nothing happens in a year or two or three I should easily be able to sell it back with a small profit or small loss considering the history of the market in silver. If the “crowd” decides “power to the people the next thing to screw the elites is buy up all the actual physical silver so let’s go!” The price of silver will EXPLODE. Accurate? If so seems like a smart thing to do. Considering my wife and I have modest jobs, make about 100,000 a year combined and have no debt but house, and that’s less than 2 years from being paid off, and we have a solid retirement and kids account for college and have about $25,000 in savings. So if we bought say $5,000 in silver and sat on it maybe it pays off? At worst we sell back when we NEED it. Yes never invest what you can't afford to lose. Not that it would all disappear. This is what I mean by dollar cost averaging. What ever amount you decide. Have it in the back of your mind that you would buy the same amount down the road if it does drop in price. Example, you buy 33 ounces for a total of 1k ($30 each) Then down the road it does work it's self down to $25 per ounce. Would you be willing to buy 1k more or 40 more at $25 each? Now you would have 73 ounces 2k invested at an average cost of $27.40. It’s all about risk vs reward and you have to know it’s possible that either happens. But I think this is an overall lower risk plan. Now I’ve never been interested in gold/silver because at 43 years of age it doesn’t have enough upside to help me much by retirement BUT if this potential sky rocket idea took place with people trying to find something to destroy the rich with, maybe having a pocket of silver isn’t a bad idea with a safe amount of my savings. That’s my thought. Even if we lost $1000 or $3000 it wouldn’t wreck us by any means, but if shit hit the fan and the masses decided “let’s all buy actual silver to hurt the elite” and silver is a perfect thing to do that with, then the value will explode...that’s what you’re saying right?
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OkieDokie
Surviving
Jarl (22,857)
Feb 5, 2017
Valhalla
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Game Stop
Jan 30, 2021 12:57:06 GMT -6
via mobile
Post by OkieDokie on Jan 30, 2021 12:57:06 GMT -6
Shagwong Securities LLC · 4h all these media articles today about “ Wall Street Rebels “ is really clueless . There was huge hedge fund money that piled into the $GME squeeze once it started . This is why the #Reddit plan to squeeze silver ( hatched Thursday morning ) has failed in that the hedgies are not 3 6
Shagwong Securities LLC @shagwongs Replying to @shagwongs following #RH folks with that one because there isn’t any short interest like $GME to squeeze and probably tons of silver that would get sold if a solid short term pop took place . Methinks $GME with 140% of float short was a one-off perfect story squeeze and the ‘rebels’ are 8:37 AM · Jan 30, 2021·Twitter for iPhone 6 Likes
Shagwong Securities LLC · 4h Replying to @shagwongs going to discover trying to squeeze stocks with 20% of float short a lot harder and have less algo money rush in to help them squeeze .
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