Calling all Investing Lezzies, hold your AMC,GME,NAKD,BB stock. If you're international especially in Canada, purchase them now especially while low. Buy and hold. BUY AND HOLD!

submitted by SailorMoon2020 from self.Lesbians

I honestly do not know how many of y'all invest but I started last year and never looked back. $4.50 a share for GME and $2.50 a share for AMC, $.75 for NAKD, last year I bought 300 shares in total between GME and AMC. When GME shot up two days ago to $400.00 ($392.00) a share, I closed out. However, the others are open and climbing. Some are have dips but don't be fooled.

Apps like Robinhood is in a lawsuit due to their manipulation of opens and closes.

Canada, y'all have no stipulations as of yet. Trade freely and hold.

Want to stay in the loop, r/wallstreetbets. Am unsure if Saidit has an equivalent.

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newinsightfulfun

[–][deleted] 11 insightful - 2 fun11 insightful - 1 fun12 insightful - 2 fun -  (14 children)

Do not hold junk stocks when there is no valid information as to why the stock is moving up other than redditors banded together to try and outsmart hedge funds. If you’ve made a profit cash out and call it a blessing. I’m a trader that does this for a living and I wouldn’t touch this. This is a classic bubble and if you haven’t already made money do not buy it and do not hold it.

The OP is right to say buy and hold that is a great way to make money over time, but not in junk like this. Please do not gamble with stocks that is the wrong way to get in this.

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (13 children)

junk stocks

I think it's debatable. For example, AMC and NAKD-are good for the now. NAKD is typically a penny stock which often times leads to a dead end. Recently though the company has began partnerships with credible history.

AMC is a gamble if one wants to make it short without the backing of the community. It's debatable whether theatres will make a come back. Personally, I'd invest more if they showed interest in streaming. There has been no mention of the such though.

GME I cashed out right when I saw the spike. This spike, I think, is history. The chances of it happening again is slim. The stock had gone tremendously yet there are no buyers. With how the hedge funds is playing this and them screwing people over, is what led to GME's spike to begin with.

I do suggest people on the AMC, NOK, NAKD for short but I don't recommend complete novices to do it.

[–][deleted] 6 insightful - 2 fun6 insightful - 1 fun7 insightful - 2 fun -  (12 children)

Well I do not see any of these as investments. I’m sorry, but hedge funds aren’t screwing anyone. If anything the people who banded together have screwed people and not just hedge fund managers. This is going to cause a bigger sell off in the overall market in the short term because the managers are going to have to sell other positions to fix the problem that their in. It’s actually really sad for people who are passive investors.

None of those companies are making money that’s why hedge funds short them because it’s a no brainer.

I personally buy and sell the physical stock of a company I don’t trade options which I highly recommend people stay away from unless you have taken steps to educate yourself on. But I still would not be buying any of those stocks because it will not end well.

I’ll say it again if you’ve made a profit cash out and remember to keep 38% profit for taxes if you’ve held short term. That’s another thing newbies don’t realize. If you make a profit on a security you’ve held for less than a year you will pay a lot more taxes. If you hold it for over a year and then sell you will pay less. You can also offset your gains with losses so if you’ve bought stock X and sell it for a profit but your stock Y has a loss you can sell stock Y and realize that loss to offset the gains you made with X.

Look around at what’s going on in the world and try to see if you can capitalize on what’s going on in the world. The US will most likely legalize marijuana within this decade so look for profitable companies within that market, and make sure they’re actually making money, have a positive EPS and not an insanely high P/E ratio.

Cyber security is going to be huge and cyber security/cloud companies will be trying to capitalize off of the SolarWinds hack by trying to get those hacked customers to use their programs so that could be worth checking out.

These are just examples, but just do your research and be smart and figure out if the company is actually making money or not or if it’s in an industry that’s going to make money future.

But for anyone who reads this or this whole thread just please do not gamble with your money on penny stocks. Buy good companies and hold them and check out companies that pay a dividend which is where the said company pays you money usually every quarter when you own their stock. But make sure that dividend has historically been sustainable. A 9% yield looks great, but is the company making enough money to afford it? Just do your research.

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (11 children)

None of those companies are making money that’s why hedge funds short them because it’s a no brainer.

AMC, yes, of course since they were recently bailed out from bankruptcy. I disagree people should not get involved in the opportunity. At least the ones who gave already invested and see the spike.

Gamestop, I disagree with the idea of it now making money. Once Gamestop does what HEB, Walmart, Amazon, etc does when it comes to online retail commerce, then I see the company gaining as much of a profit. I also believe Gamestop is good for short term gains.

I personally buy and sell the physical stock of a company I don’t trade options which I highly recommend people stay away from unless you have taken steps to educate yourself on. But I still would not be buying any of those stocks because it will not end well.

As mentioned prior, I'd hope those investing aren't complete novices.

Telling people to invest in cyber security and weed yet not video games is kind of baffleing. In my opinion, anything medical and tech related is more than likely worth investing in. I don't disagree with what you're saying though over all!

Edit: Regardless of whether or not it's okay or in the best interest for people to invest in a certain stock, hedge fund companies have no right to put trading on hold so as private sectors can profit yet common public can't. This is America not Cuba; if we want to make decisions regardless of the opinion of one acton being smarter or dumb than the next, we have that right.

This is a perfect opportunity if not was for many people who couldn't afford to buy stock normally to purchase stocks at a low rate and see an increase. This is a case of classism.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (10 children)

Hedge funds aren’t preventing anyone from trading the stocks, the trading platforms are because misguided people are flooding the stock which could potentially collapse the market.

It has nothing to do with classism. GME went from being a 1 billion dollar company based off of its past, current and future financial outlook combined with revenue and then all of a sudden it’s a 24 billion dollar company for no tangible reason other than a group of people decided to flood a stock. I read these kinds of reports and listen to these earnings calls, these companies you’ve listed are not making money or enough money to equate to the 2000% increase in stock price. That classism statement absolutely asinine. Most of the people who are flooding that GME stock have no idea what they’re doing, they are following some misguided get rich quick scheme. This is not the next Tesla and these gains will come crashing down because they are fundamentally unsustainable. Even if they’re investing in new stuff it’s still not going to equate to a 2000% gain.

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (9 children)

It was the hedge fund who called these platforms to inquire about restricting them so as their traders could quickly sell, at least the impression they wanted to give.

That classism statement absolutely asinine. Most of the people who are flooding that GME stock have no idea what they’re doing, they are following some misguided get rich quick scheme. 

This statement is classism. An implication that those who are uneducated do not deserve to profit off of quick bounces. That poor people could possibly not understand the implications of a buy could lead to an small increase. It's classism.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (8 children)

It’s not classism. It was done to protect the customers on those platforms. It could key word could lead to a small profit, but it could also wipe someone out who doesn’t know what they’re doing ie leveraging their positions which is essentially borrowing money they don’t have and if their trade goes sideways they could lose everything they have in their account.

It’s also an illegal bounce and profit if you want to get technical. If it proved that people colluded to pump and dump those stocks they could go to prison it’s a crime and if the SEC wanted to investigate it and they proved that there was collusion those people could face jail time it’s highly unlikely that that will happen, but it’s not impossible and not something I would ever suggest to people I care about to get involved with.

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

It could key word could lead to a small profit, but it could also wipe someone out who doesn’t know what they’re doing ie leveraging their positions which is essentially borrowing money they don’t have and if their trade goes sideways they could lose everything they have in their account.

Why does it matter if someone loses all? That's their responsibility, not mine. Let them be adults and learn from it, not regulate it.

There was nothing illegal about it. A group of people got together to invest in a company they saw/thought was being shooted.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (6 children)

Because it’s unethical and causes problems for a large number of people invested in the broader market. People who have invested their savings in to individual accounts, or a 401k, etc are effected because the banks have to cover those borrowers losses and have to sell other positions that they weren’t planning on selling.

It hurts innocent people old and young upper, middle and lower classes who have invested their money in to the market. By regulating people who are pumping and dumping this stock they’re helping mediate something that could be worse.

It’s absolutely illegal. It’s called a Pump and Dump. And if it’s proven people could get in real trouble. There’s a difference between shorting a stock based off of fundamentals which is what the hedge funds do, not illegal. Vs. getting together on a forum to falsely inflate a security to try and stick it to the rich. No what that shit is is hurting a broader group of people and entirely selfish and greedy...I hate people like that. I don’t care what the reason is if you’re that self serving and greedy to feel that it’s okay to fuck people over like that for a quick buck. Hedge fund managers, investors, people with 401ks, savings accounts, poor people who were mislead by thinking they could get rich quick...no matter what their socioeconomic status is they’re all people who have lives and families and individual circumstances and don’t deserve to be fucked over like that. Like it’s not just illegal the whole thing is unethical no matter how you look at it.

[–]SailorMoon2020[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

I put myself above everyone else. I don't wanna say I don't care about those people because I do. However, me, myself, and I will will always be put first. Once I get on top of that mountain, I will bend forward and lend my hand. I; however, will not put my success on hold for those who do not have the audacity to lend their hand to me when they're on that mountain.

The legality of it, I am reading into and I understand. I still disagree what r/Wallstreetbets have done is illegal but I have no problem digging deep into the issue.

[–]MyLongestJourney 9 insightful - 2 fun9 insightful - 1 fun10 insightful - 2 fun -  (1 child)

Do not take financial advice from anonymous posters on the internet....

[–]SailorMoon2020[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

This is true, but I was hoping to turn this thread into a financial thread evolving around stocks and bonds. But if one doesn't want to engage on here then there's a thread on other forums. But just like I was telling black women on LSA we ought to come together support what we can especially black owned businesses in stock, I'd figure I'd share the same attitude to women over here who are also interested in getting in stock, building weath, and saving for retirement.

So if y'all don't want to discuss it on here then come hang with us on LSA, DL, or even back on Reddit!

[–]Rubyredpython 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

This has been a roller coaster. I'm holding mines for a bit more. If they jump back up again, I'll probably close out. If they crash, meh. I didn't invest too much in them. Also, I wish there was a r/wallstreetbets equivalent on here. I always had interesting discussions with people over there.

[–]SailorMoon2020[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

That sub reddit is pretty awesome. My plan was to close out tonight because I saw in the graph, the stock was the highest around mid night.