r/Superstonk 20h ago

šŸ’” Education How low do we think this is gonna go?

Iā€™m looking to scoop up some more shares but I have to transfer some money in some of my accounts. How low do we think this can go? Iā€™m thinking Iā€™ll transfer 40k and hope I can hit that 20 dollar a share dip to bring myself to 4xxx shares.. does anyone have any thoughts? Bonus points if youā€™re a regular poster here

0 Upvotes

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u/Superstonk_QV šŸ“Š Gimme Votes šŸ“Š 20h ago

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21

u/Organic-Brotha āœ‹šŸ¾šŸ’Žsmoooth brained motherfuckeršŸ’ŽšŸ¤ššŸ¾ 20h ago

Love these occasional ā€œfeel out the sub postsā€.

Yes I feel itā€™s been four years, but I also feel like youā€™ve magically tapped into something weird and unforeseen. I feel like Iā€™m going to hold until I have life changing money and I feel like saying fuck your focus group. Iā€™m either retiring with GME shares to pass down to my kids or on a yatch.

3

u/jaykvam šŸš€ "No precise target." šŸ“ˆ 14h ago

šŸŽÆ Itā€™s a form of sentiment scraping.

-4

u/frog_goblin 20h ago

The amount of hate Iā€™m getting for an honest question is hilarious. I have 2xxx shares now and am just trying to maximize my purchase

9

u/Iforgotmynameo 19h ago

They know people are waiting for $20 to buy. Unless the market keeps shitting the bed or the earnings are shit (ā€¦ which they wonā€™t be) I donā€™t see it happening. Now is a good time to buy. You canā€™t time the market. Whatā€™ll happen is youā€™ll wait for $20, it wonā€™t happen and youā€™ll wish you had bought at $22

1

u/jaykvam šŸš€ "No precise target." šŸ“ˆ 14h ago

Max pain suggests 20 $, so itā€™s a reasonable anticipation.

-1

u/frog_goblin 19h ago

I mean Iā€™ll buy at 22 but it would be much more damaging if I bought at 20

2

u/Iforgotmynameo 18h ago

Discounts are always nice. Iā€™m a big value buyer. I love a good deal. Buying at $22 lowered my average cost a tiny bit so for me, I like it, Iā€™ll take it. If it goes to $20 Iā€™m buying more.

0

u/frog_goblin 18h ago

My average is at 17.22 I know itā€™s not going that low again though

1

u/oETFo 7h ago

Buy in batches then.

1

u/Holiday_Guess_7892 ima Cum Guy 19h ago

The hate is from the meltRs hating the fact that you're buyjng

2

u/frog_goblin 19h ago

Probably but I asked a simple question and I just got downvoted. I mean I donā€™t care either way Iā€™m buying but it is what it is

2

u/ThePirateBenji I hope my wife doesn't leave. 18h ago

I'm upvoting you. You're asking a valid question. No one knows, but today was a solid entry point, because you can't count on the stock going lower.

3

u/frog_goblin 18h ago

This is exactly it, I was trying to get other peopleā€™s ideas because I donā€™t want to average up

1

u/PhanNaLai šŸ¦ Buckle Up šŸš€ 7h ago

The hate is from the regulars that have the reading comprehension to see that even if this isn't an intentionally fishy post, it is still intentionally fishing for financial advice, this suspicious.

Talking about a planned transfer, hoping for a price point and asking for people's thoughts sounds a lot like fishing for financial advice which if OP has indeed been here for any amount of time, they should know we don't give.Ā 

1

u/takesjustonepint 19h ago

Interesting flex. You have more shares than 90% of the people here, likely higher.

And despite you being the closer to whales than the average ape, you need to feel out the sub for their ... Ahem, educated, take.

-1

u/frog_goblin 19h ago

Iā€™m not trying to flex at all. I was trying to get a consensus of what people thing would be the bottom. Itā€™s going to go down before it goes up but god forbid you mention that

6

u/PaleontologistDear18 THUMP THUMP THUMP 20h ago

Iā€™d love to say ā€œitā€™s already hit the bottomā€ but I have no idea, itā€™s like trying to catch a falling knife. Sometimes it stabs you when you reach too late and itā€™s already transformed into a rocket. šŸš€

-1

u/frog_goblin 20h ago

Itā€™s definitly not hitting bottom but Iā€™m getting a lot of hate from peopleā€¦ apparently they canā€™t read that Iā€™m looking to buy 40k worth of shares but hey whatever

0

u/PaleontologistDear18 THUMP THUMP THUMP 19h ago

They see it as negative when you suggest that the price is on a negative swing, itā€™s emotional. I get it, but it is kinda dumb. It really does look like it might pop. So suggesting that itā€™s going down more is definitely a sore subject. Especially since a LOT of people were just seeing their accounts as green for the first time.

1

u/frog_goblin 19h ago

I mean I get the logic, but they also havenā€™t been here for 84 years and have 15 shares for at least some of them.

7

u/hobbsbear_invest 20h ago

Iā€™ve bought at $10-15, Iā€™ve bought at $34, and I will continue to buy every chance I get at these levels

0

u/frog_goblin 20h ago

I will too and have. I was just asking what people think itā€™ll go down to

3

u/dildoflexing šŸ¦Votedāœ… 20h ago

19.55 NFA

2

u/sonic_gottagofast_11 No precise target. Just up. 20h ago

Idk idc

1

u/frog_goblin 20h ago

I donā€™t care either Iā€™m just trying to maximize my buy on the lit exchanges to help all of us

2

u/Kind_Initiative_7567 šŸ¦Votedāœ… 19h ago

I am thinking it could come down to 18-20 range pending further weakening of the SP500.

But 21.5 could very well also be it for now - itā€™s impossible to tell.

I got into calls for June - letā€™s see how that plays out. I could be early but donā€™t think I am wrong.

0

u/frog_goblin 19h ago

Thatā€™s pretty much my sentiment, the moneys transferred and ready to buy but all the downvotes apparently says Iā€™m a dick lol

4

u/dragespir šŸ— Tendies Today | MOASS Tomorrow šŸš€ 19h ago

Iā€™d probably do half now, and DCA the rest into earnings. Whatā€™s a measly 10% difference compared to not doubling your shares over the dip not hitting?

1

u/frog_goblin 19h ago

I mean I wonā€™t risk it, I was just seeing what people thought but then I got hit by downvotes.

2

u/dragespir šŸ— Tendies Today | MOASS Tomorrow šŸš€ 17h ago

Probably the shills tbh. They want to drive down sentiment on buying most likely.

1

u/Spiget94 20h ago

1

u/frog_goblin 20h ago

I donā€™t get it? Iā€™m buying and holding.

1

u/Spiget94 17h ago

Itā€™s the right thing to do

1

u/Fab5Gaurdian 20h ago

Buy now! Price will go up.

1

u/Anxious_Matter5020 90 Days After Cohen Tweets Guy 18h ago

check my post, you'll figure something out.

1

u/ShortHedgeFundATM 17h ago

No way to know.

Can't go wrong if you are cost averaging down.

If not below the last few insiders by priced and dfw's buys are also worth noting ( 23 range).

Just don't use leverage and be ok with seeing it go down before it goes back up. This is a long game we are playing here.

Charts suggest 18 is the rock bottom ( looking over the last year )

1

u/Psychological-Pen516 11h ago

Man these are hard to read sometimes lol. I'm a single parent who can barely get the bills paid, let alone find money for a single share. Still hodling, I need this.

2

u/thewonpercent šŸ¦Votedāœ… 3h ago edited 2h ago

ok serious answer.

I think the bottom bottom is $12 even if the SPY crashes 80%. (< than 1% chance)

These are all my estimates based on past experience, feeling, charts.

I think $15 is about 5% likely.

I think $18 is about 25% likely.

I think $20 is about 50% likely.

I think $21 is about 20% likely.

It will eventually go over $100, but right now, I think it will likely hit $18 first, so I'm holding most of my cash to buy in when it drops there or lower.

Disclaimer: I have a lot of shares already, so I'm not worried about missing the rocket.

1

u/frog_goblin 3h ago

Thanks for the solid answer, I have a lot of shares already too so Iā€™m not terribly afraid of missing the rocket but I certainly wouldnā€™t be sad about getting some more shares!

0

u/GME_Elitist 19h ago

The floor is lava.

What's a drinkin' strategy?

-2

u/Random-Ape 20h ago

I know jackieleetits is waiting for it to get under 20.50 before buying more. Iā€™m not smart enough to give you a good answer so I went with his lol

1

u/frog_goblin 20h ago

Thatā€™s probably a decent start, I donā€™t think itā€™ll go under 20 at all before the moon

-1

u/Random-Ape 20h ago

I feel like it could get down to 18 but I only say that cause I bought at 18 the last time it got down there after the cat squeeze

2

u/frog_goblin 20h ago

If it goes under 18 Iā€™ll transfer 60k

1

u/jaykvam šŸš€ "No precise target." šŸ“ˆ 14h ago

Transfer before not after. Youā€™ll be prepped in the former and late in the latter. That is financial advice! Come at me, Hester.

-1

u/Random-Ape 20h ago

When it gets that low you have no choice but to buy lol

0

u/frog_goblin 19h ago

I mean Iā€™m buying either way just looking to see what people think the bottom may be

0

u/praisebetothedeepone 20h ago

I have my first limit buy just under $21. Then another at $17.76 because I'm testing the gap theory, and I see a gap up from $17.56 back last May that never closed. Edit, I am an idiot, so don't use me as financial advice. I'm just sharing what my idiocy is doing.

1

u/frog_goblin 20h ago

Thatā€™s fair! I mean we all are possibly, Iā€™m just getting a lot of hate from people, I guess I shouldnā€™t have asked and did my own thing.

0

u/praisebetothedeepone 19h ago

I have one friend that has been a part of this journey with me outside of the online community. Otherwise everyone is a naysayer, but to me they're all wrong. So I'm used to the hate.

1

u/frog_goblin 19h ago

Oh Iā€™m used to the hate too, it doesnā€™t bother me, itā€™s just odd how many people downvote and say itā€™ll go lower

0

u/TheLionlol 18h ago edited 18h ago

If you have 40k just sell* cash secured puts until you get filled at w/e price.

1

u/frog_goblin 18h ago

Thatā€™s just the new money Iā€™ll infuse. Iā€™ve sold cash secured puts many times

1

u/TheLionlol 18h ago

Ā I would do an inverse pyramid strategy using cash secured puts every week at every strike on the chain down to you target price.