Robinhood

Rodsmash

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Anyone else decide now is a good time to dip their toes in the stock market? I've been trading options on Robinhood since April and have made some decent change from it. TSLA to the moon!
 

Shikaka

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And that was a giant risk. Only in 2020 do bankrupt companies keep trading.

I made the 4k off of $500, with a max $500 loss, not a really big risk.

Not really, who is renting cars during COVID and GNC has been on a death spiral for a while, don't play with money you're not willing to lose. Chapter 11 bankruptcy is just bad news, not death of a company. Especially with a company that has a literal fuckton of assets on the books.

Buy the rumor, sell the news, and make or lose some beer money.
 
S

Soss

Guest
I made the 4k off of $500, with a max $500 loss, not a really big risk.

Not really, who is renting cars during COVID and GNC has been on a death spiral for a while, don't play with money you're not willing to lose. Chapter 11 bankruptcy is just bad news, not death of a company. Especially with a company that has a literal fuckton of assets on the books.

Buy the rumor, sell the news, and make or lose some beer money.
Post positions or banned
 

Shikaka

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1,785
Soss Like I said just spend what you're willing to lose.

Currently have $90 Call for 8/21 on DDOG, purchased July 22. $35 Call for 9/19 on PD purchased July 14th.

I wasn't stupid enough to place calls on HTZ so I missed that artifical spike, made money riding it down at least and same with GNC. Though I did buy OTC stock on them just for giggles.
 

spider

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351
Soss Like I said just spend what you're willing to lose.

Currently have $90 Call for 8/21 on DDOG, purchased July 22. $35 Call for 9/19 on PD purchased July 14th.

I wasn't stupid enough to place calls on HTZ so I missed that artifical spike, made money riding it down at least and same with GNC. Though I did buy OTC stock on them just for giggles.

All spikes on Hertz after they filed were artificial. Nobody can really explain why they weren't de-listed and the stock value sent to $0. But then they also tried to do an IPO during bankruptcy too so I guess anything is possible.
 

Rodsmash

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I bought some $22 calls for 8/21 on SNAP. Hoping Daddy Trump bans that stupid Tiktok.
 

Shikaka

Legendary Member
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1,785
All spikes on Hertz after they filed were artificial. Nobody can really explain why they weren't de-listed and the stock value sent to $0. But then they also tried to do an IPO during bankruptcy too so I guess anything is possible.

The odd magic of WSB sent their stock price back up since "amateur professional traders" bought like crazy, gave them the opportunity to IPO since the value was there. Yeah all the spikes are from them, FOMO ruins so many people and WSB feeds off it.

Mostly they also weren't delisted because of WSB too, it kept the volume up so they weren't in violation of the SE.
 
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