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Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 08:11
by BF004
wallyuwl wrote: ↑31 Jan 2021 22:08
Silver is sold out almost everywhere online. Money Metals suspended selling until tomorrow mid-morning (whatever that means).
Not true, most places like apmex and JM bullion simply halted orders because of demand and speculation, knowing it was going to be higher on Monday. Their supplies are just fine.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 08:15
by wallyuwl
AG up 30% and AMC up 20% in pre-market trading. Opens in 15 min.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 08:30
by paco
- image.png (1.22 MiB) Viewed 561 times
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 10:59
by wallyuwl
Both AG and AMC opened too high for my taste so I didn't pull the trigger. They have since both declined from the open. Still up a lot from Friday's close but that doesn't help me. For now I'm waiting but will track throughout the day.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:04
by paco
Seems to be some chatter that AMC and others are just decoys to try to get people off of Gamestop. Not sure if AMC is going to get the big spike or not. I'll keep watching, still not itching to get out.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:04
by BF004
wallyuwl wrote: ↑01 Feb 2021 10:59
Both AG and AMC opened too high for my taste so I didn't pull the trigger. They have since both declined from the open. Still up a lot from Friday's close but that doesn't help me. For now I'm waiting but will track throughout the day.
Seems like big tech all simultaneously 'glitching' again for anyone trying to buy AMC or GME. Shocking.
Demand and energy still sky high, I think AMC is the best bet right now, still hanging around low $14's with thousands, if not millions, unable to buy who want to.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:09
by BF004
paco wrote: ↑01 Feb 2021 11:04
Seems to be some chatter that AMC and others are just decoys to try to get people off of Gamestop. Not sure if AMC is going to get the big spike or not. I'll keep watching, still not itching to get out.
AMC has the real numbers behind it, 84% short rate, not as good as GME's at 102% at its peak, AMC not set up as well as GME, but was the 2nd best over all other options. But AMC is very real, not a distraction, silver and dogecoin were.
NOK and BB both real too, but also lagging.
Nothing substantial in silver, gunna bubble for a day or two I'm thinking then just go back to where it was. r/wallstreetbets adamant they are not pushing that at all.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:12
by wallyuwl
BF004 wrote: ↑01 Feb 2021 08:11
wallyuwl wrote: ↑31 Jan 2021 22:08
Silver is sold out almost everywhere online. Money Metals suspended selling until tomorrow mid-morning (whatever that means).
Not true, most places like apmex and JM bullion simply halted orders because of demand and speculation, knowing it was going to be higher on Monday. Their supplies are just fine.
JM has some coins in stock at high prices over spot. Apmex has some higher prices bars and coins but overall seems to be sold out. The 20 qty tube I bought last night from Majestic is still in stock, they are sold out of everything else. Money Metals not taking any more silver orders right now, shows out of stock logos over all the products except vault ones (where you buy and store it in their vault instead of having it delivered).
We need the price of silver to soar by buying PSLV or physical silver. A Tesla has 10 pounds of silver. It is in everything. We need to drive the price up, so then the big players submit futures for huge orders on deliveries that can't happen. This is how to crash the system but it takes all of us.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:21
by wallyuwl
BF004 wrote: ↑01 Feb 2021 11:04
Demand and energy still sky high, I think AMC is the best bet right now, still hanging around low $14's with thousands, if not millions, unable to buy who want to.
Volume for GME is low, it isn't a legit sell off. Big banks trying to scare people into selling. If people bought under $200 they need to hold.
My Ally account was screwy this morning. Took 45 minutes to transfer the funds from my savings with them, and it says it should take 1 to 2 minutes. It would only allow a limit trade on AMC not market. I might put in a limit trade for $13.80 for the day and see what happens but not sure.
The bots are out on wallstreetbetsELITE saying to buy AMC. Makes me think to not do so. I just think the big money jumps in both of these (AG and AMC) are done and you had to be in at the latest on Friday.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:25
by BF004
wallyuwl wrote: ↑01 Feb 2021 11:12
BF004 wrote: ↑01 Feb 2021 08:11
wallyuwl wrote: ↑31 Jan 2021 22:08
Silver is sold out almost everywhere online. Money Metals suspended selling until tomorrow mid-morning (whatever that means).
Not true, most places like apmex and JM bullion simply halted orders because of demand and speculation, knowing it was going to be higher on Monday. Their supplies are just fine.
JM has some coins in stock at high prices over spot. Apmex has some higher prices bars and coins but overall seems to be sold out. The 20 qty tube I bought last night from Majestic is still in stock, they are sold out of everything else. Money Metals not taking any more silver orders right now, shows out of stock logos over all the products except vault ones (where you buy and store it in their vault instead of having it delivered).
We need the price of silver to soar by buying PSLV or physical silver. A Tesla has 10 pounds of silver. It is in everything. We need to drive the price up, so then the big players submit futures for huge orders on deliveries that can't happen. This is how to crash the system but it takes all of us.
The fact that #silver has been a perma-trending item for about 3 straight days now on Twitter (despite it not trending and hiding trends of GME and AMC) should be enough to convince you of all people its a sham.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:42
by BF004
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:53
by wallyuwl
BF004 wrote: ↑01 Feb 2021 11:42
Wally doubling down with twitter and CNN
I don't follow CNN or Twitter.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 11:55
by BF004
wallyuwl wrote: ↑01 Feb 2021 11:53
BF004 wrote: ↑01 Feb 2021 11:42
Wally doubling down with twitter and CNN
I don't follow CNN or Twitter.
That was the joke. I know you don't.
Yet you are buying the media narrative hook line and sinker.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 12:01
by wallyuwl
BF004 wrote: ↑01 Feb 2021 11:55
Yet you are buying the media narrative hook line and sinker.
I got info from Telegram and Reddit. No MSM.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 12:06
by BF004
wallyuwl wrote: ↑01 Feb 2021 12:01
BF004 wrote: ↑01 Feb 2021 11:55
Yet you are buying the media narrative hook line and sinker.
I got info from Telegram and Reddit. No MSM.
I doubt you are getting it from Reddit, all I have seen all day and weekend saying this silver squeeze is pure BS, not from them. False push by the hedge funds like Citadel to cash out on the silver bubble to help them cover those short losses in the market.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 13:11
by wallyuwl
BF004 wrote: ↑01 Feb 2021 12:06
I doubt you are getting it from Reddit, all I have seen all day and weekend saying this silver squeeze is pure BS, not from them. False push by the hedge funds like Citadel to cash out on the silver bubble to help them cover those short losses in the market.
There were some advocates for physical silver, AG, and/or PSLV over the weekend. SLV is what Citadel is involved with, not PSLV or AG. And AG is shorted about 23% which is why it was/is a reddit target.
I just pulled the trigger on AMC about a half hour ago, not a lot of shares, at $14.05 per share. I'm up $5.04 so far.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 13:48
by BF004
wallyuwl wrote: ↑01 Feb 2021 13:11
BF004 wrote: ↑01 Feb 2021 12:06
I doubt you are getting it from Reddit, all I have seen all day and weekend saying this silver squeeze is pure BS, not from them. False push by the hedge funds like Citadel to cash out on the silver bubble to help them cover those short losses in the market.
There were some advocates for physical silver, AG, and/or PSLV over the weekend. SLV is what Citadel is involved with, not PSLV or AG. And AG is shorted about 23% which is why it was/is a reddit target.
I just pulled the trigger on AMC about a half hour ago, not a lot of shares, at $14.05 per share. I'm up $5.04 so far.
Lot of shorts were hit today, I believe they will need to be filled by Wednesday?
Lot more tomorrow and Wednesday too, pretty much all of which will need to be covered by Friday.
Just don't sell your lot, only scrape off the sides to help cover original investment then play with house money.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 13:53
by wallyuwl
Just putting this out there...
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 14:05
by BF004
I love metals, I'm sitting on 50 oz of silver, and got a lot more $$ in gold and platinum, but no way I'm chasing short term metal bubble. But I will continue to buy more and more over the years little by little.
You get metal because its stable and a great form of life insurance (don't have to manage in an older age and can pass on without paying inheritance tax).
And he is true, metal holders are the original diamond hands for sure.
Re: Topic Split: Stock Market Watch
Posted: 01 Feb 2021 15:05
by Captain_Ben
Bought some SLV calls this morning.