TD Ameritrade Suspends Short Selling Of CAR, DWAC Shares
(www.zerohedge.com)
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I sold some puts on DWAC last week ($40-$45). They expire in 16 days. No matter what happens its a win win for me.
This isn't about monetary profits tho, speculators muddy the waters while we fish for bigger game.
I sold puts. That means I sold someone the right to require me to buy DWAC for $40-$45 dollars. That right expires on 11/19.
I am willing to buy at $45 so I am okay with being required to buy at that price. If the price does not get down to $45 I keep what I was paid. I have every intention of buying about one hundred shares at current price with that money. I will look to repeat this next month.
Other people are afraid that the price is going to drop way down so they buy insurance. I am offering that insurance at insane high prices right now.
I understand, I was simply pointing out this is not about money to many of us, it is about a larger thing. I would gladly spend it all if it meant saving Freedom and America.
I completely understand what you are saying. I would like to buy as many shares as possible to hold. For two reasons. First and foremost because of what this represents. What good is it if we make money but cannot be free. Second of course is profit.
You may not believe this but if I had to choose between the two I would give up everything so that this country and my family could be free. Even if I am left with nothing.
That does not mean I have to be stupid. Giving up everything just for the sake of giving up everything makes no sense.
I am trying to let the market pay for as many of those shares as possible. Right now the price is high in relation to the nearest demand area as revealed on the charts. From what I can see we can expect big price moves for a while (Not like the first two days). At some point there may come a squeeze. I don't know when that will be but I don't want to just buy at any price based on that.
If we all just approach this like buying anything else we will do fine. We don't go to the supermarket and rush to buy something because the price just went up.
We do buy extra of things we want when the price is on sale. The stock market is exactly the same thing. We have been taught to think that the stock market is somehow different, it is not.
Yes indeed, we do agree. I even warned people that they should wait until a day or so after my purchase because when 'I' buy stock it always falls right away, just my karma. But hang on and look at it later....
Right now it seems that at about 930 AM 'someone' is dumping stock every day, dropping the price. Maybe not every day and not exactly 930, but there is a steep drop almost regularly. Profit takers and hedge fund guys, the Iceberg group even announce they were gaming the stock, could even be Trump doing it, or his investors taking their capital back out of the thing, leaving them plenty of shares but recouping capital.
But I'll simply hold, if I catch it dropping too far I'll buy the dip some more...
Just for you to consider. When the price drops it is not because someone is forcing it down. There is a sell order at a price (of course multi sell orders from different people) The professionals do not chase price. if they did they would not be professionals. They allow price to come to them. When the price gets up to their sell price it cannot get past that price until their order is filled. When the buyers at that price dry up the price falls to find another set of buyers. This is pure capitalism. Price will seek volume without any outside help. In other words price will move to an area where buyers and sellers can agree. The pros want you to think that price drops because of something someone is doing. When you think like that you miss what is really happening.
Find a housewife that is good at spending within her limits. She goes to the supermarket and she uses coupons and looks for deals. Understand what she is doing and you will understand how to buy stocks. It is the same thing. Most people look at a price chart and assume that all prices are the same. They don't understand why a stock could drop x amount of dollars in a short time unless the shorts are forcing the price down. the reality is after a run up in price most of the people that wanted to get in have already entered. For that time period their are no more big buyers left in that price range. Price will just drop until it finds a pocket of buy orders in another price range.
Rule of thumb. Don't buy a stock when it is moving up. Buy a stock you are interested in when it is moving down. Your emotions will have you doing the exact opposite
If DWAC is moving up to $64 would you like to buy at $64? Your emotions say yes. If next week DWAC is dropping and it just hit $50 would you like to buy? Your emotions say NO. Your emotions are almost always wrong. The big markets players are always trying to get you to act on your emotions.
I know, what I meant is that when a player/day trader/hedge fund guy or whoever does set those limits it is what moves the prices tho, does not matter if he did it manually or by computer program really, it is the thought that counts.
I was thinking about doing that too, but I couldn't determine which way DWAC would go. Glad you made some money.
https://qposts.online/post/4947
1 year delta for this week. Look what happened today AH with GME.
I like that post
I don't know if you know what selling puts means. I gave someone the right to sell DWAC to me for $40 and $45. That right expires in about 2 1/2 weeks. They paid me almost 10% for that right. if the price goes up I just keep the 10%.
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