Any thoughts y’all would like to share?

Amc up 120% today

BB up 20% today

GME up 10% today

Over the last week it’s even more.

My AMC real good now

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12 points

I’m just happy I was able to sell my GME at the same price I bought it. I will now only invest in stable ventures, like coconut futures.

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My thoughts: Don’t gamble your money on stock market speculation fueled by reddit memes, you’re going to lose it. House always wins

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I bought 100 shares and sold a 73$ weekly covered call. If it blows past 73 I still net over 2k, if it doesn’t go lower than 52 I still profit. Haven’t really gambled since making a decent nestegg on gme.

Capitalism is idiotic. I’d like to say that right now isn’t a great time to play the market (2020 was stupidly easy), don’t emulate me I just haven’t traded in months and I decided to run a big gamble here mostly for old times sake.

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And just to iterate: AMC was doing horribly before covid, this valuation is absolutely bonkers. Truely the year of meme stonks

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5 points

I don’t know what any of this means but line goes up so porky must be happier.

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finance

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:stonks-up: :stonks-down: :ritzy-marx: .

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“I have, which will surprise you not a little, been speculating - partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”

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