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re: Puts on GME ?

Posted on 1/24/21 at 6:31 pm to
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35738 posts
Posted on 1/24/21 at 6:31 pm to
If a new trader really wants to get in, just buy shares. And only buy what you are willing to lose. If you are thinking about it and say to yourself " man if this stock loses value I'm in trouble" don't do it.
Posted by cgrand
HAMMOND
Member since Oct 2009
39237 posts
Posted on 1/24/21 at 6:59 pm to
yep

honestly outside all the WSB bullshite I like GOGO, SPCE and BB on their own merits. Buy shares in those they are all cheap. If they get a boost from the squeezers all the better

I’m gonna buy SPCE and more BB. I already have 600 GOGO
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35738 posts
Posted on 1/24/21 at 7:08 pm to
To add to my previous post, don't buy GME if you're going to bail the second the stock hits -10%. You will lose money if that's going to be part of your strategy. This things is going to be volatile as frick the next several days and it could easily come off significantly from Friday's closing price. If you want to get in on the short squeeze, buy and hold. This is still likely something that takes weeks to play out. If you are trying to make a few quick bucks in the next 72 hours and you aren't willing to stomach your position being down 10-15% (or more), don't bother with it.
This post was edited on 1/24/21 at 7:10 pm
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