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How are you doing MN crew?
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5/20 Thread (Bowl Leader):
5/20 Thread (General):
SNAP - 5/22 $18p, b/e $16.86
Yi is going crazy today 35% up.
YI - I just bought it ... thanks to MGNI guy.
@Ryan Boyd what stocks should I invest this week?
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Subject Expert
Meh, I’m indifferent here but if I had to take a side it would be with WSB. The real story was shorts, mostly hedge funds, teamed up behind the scenes to launch a combined and coordinated short attack on Gamestop and got caught with their pants down.
Even now it’s only a $4 billion MC, which is peanuts. The story isn’t the rebound, but rather it had dropped to such a low market cap due to coordinated shorting behavior. Shorts got greedy and they got punished. This is healthy.
Subject Expert
Yeah M1, Gamestop was an egregious short case. Even now the short interest is over 100%. Don’t know about the long term prospects, but the stock was too beaten down.
😅
I love him
Mentor
Only follow MGNI blindly 😤🤩🤑
Mentor
Still don’t know what they do. But I see green consistently. Even if I sold, idk what id do w the cash
Bought GME at $9, NIO at $2.5 and TSLA at $60. Am I a genius?
Every one knows how to chase hot stocks on the trend. Buying them before they are hot however, is an art.
I’m not here to show off. I keep what I make, and I make more of what I keep. Good luck to you all.
Mentor
I agree it is luck at this point but I do think that throwing 1% of net worth into it in the fall for the post xbox/ps5 pump and the squeeze potential seems like an easy bet in hindsight. Chewy founder joining in was just icing on the cake. Good risk reward back in the fall. It's aomething to think about and understand for the future.
Mentor
Also some "crazy" otm calls on a Friday morning seem like no brainers too.
Either way, I feel like I was watching history in the making. 💎 🙌 💎
Coach
What if we are a genius tho
Lmao, wsb taking credit for it but they had nothing to do with it beside spreading positive bull news about Cohen. It's just a coincidence.
Subject Expert
When there are 1000s of calls outstanding and the share price is rising from retail investors all looking to get in on the squeeze all while shorts are re-shorting shares to keep the price down... it makes a difference.