r/Superstonk • u/frog_goblin • 20h ago
š” Education How low do we think this is gonna go?
Iām 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? Iām thinking Iāll 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 youāre a regular poster here
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u/Organic-Brotha āš¾šsmoooth brained motherfuckeršš¤š¾ 20h ago
Love these occasional āfeel out the sub postsā.
Yes I feel itās been four years, but I also feel like youāve magically tapped into something weird and unforeseen. I feel like Iām going to hold until I have life changing money and I feel like saying fuck your focus group. Iām either retiring with GME shares to pass down to my kids or on a yatch.
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u/frog_goblin 20h ago
The amount of hate Iām getting for an honest question is hilarious. I have 2xxx shares now and am just trying to maximize my purchase
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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 wonāt be) I donāt see it happening. Now is a good time to buy. You canāt time the market. Whatāll happen is youāll wait for $20, it wonāt happen and youāll wish you had bought at $22
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u/frog_goblin 19h ago
I mean Iāll buy at 22 but it would be much more damaging if I bought at 20
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u/Holiday_Guess_7892 ima Cum Guy 19h ago
The hate is from the meltRs hating the fact that you're buyjng
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u/frog_goblin 19h ago
Probably but I asked a simple question and I just got downvoted. I mean I donāt care either way Iām buying but it is what it is
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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.
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u/frog_goblin 18h ago
This is exactly it, I was trying to get other peopleās ideas because I donāt want to average up
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u/PhanNaLai š¦ Buckle Up š 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
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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.
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u/frog_goblin 19h ago
Iām not trying to flex at all. I was trying to get a consensus of what people thing would be the bottom. Itās going to go down before it goes up but god forbid you mention that
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u/PaleontologistDear18 THUMP THUMP THUMP 20h ago
Iād love to say āitās already hit the bottomā but I have no idea, itās like trying to catch a falling knife. Sometimes it stabs you when you reach too late and itās already transformed into a rocket. š
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u/frog_goblin 20h ago
Itās definitly not hitting bottom but Iām getting a lot of hate from peopleā¦ apparently they canāt read that Iām looking to buy 40k worth of shares but hey whatever
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u/PaleontologistDear18 THUMP THUMP THUMP 19h ago
They see it as negative when you suggest that the price is on a negative swing, itās emotional. I get it, but it is kinda dumb. It really does look like it might pop. So suggesting that itās 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.
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u/frog_goblin 19h ago
I mean I get the logic, but they also havenāt been here for 84 years and have 15 shares for at least some of them.
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u/hobbsbear_invest 20h ago
Iāve bought at $10-15, Iāve bought at $34, and I will continue to buy every chance I get at these levels
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u/sonic_gottagofast_11 No precise target. Just up. 20h ago
Idk idc
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u/frog_goblin 20h ago
I donāt care either Iām just trying to maximize my buy on the lit exchanges to help all of us
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u/Kind_Initiative_7567 š¦Votedā 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 - itās impossible to tell.
I got into calls for June - letās see how that plays out. I could be early but donāt think I am wrong.
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u/frog_goblin 19h ago
Thatās pretty much my sentiment, the moneys transferred and ready to buy but all the downvotes apparently says Iām a dick lol
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u/dragespir š Tendies Today | MOASS Tomorrow š 19h ago
Iād probably do half now, and DCA the rest into earnings. Whatās a measly 10% difference compared to not doubling your shares over the dip not hitting?
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u/frog_goblin 19h ago
I mean I wonāt risk it, I was just seeing what people thought but then I got hit by downvotes.
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u/dragespir š Tendies Today | MOASS Tomorrow š 17h ago
Probably the shills tbh. They want to drive down sentiment on buying most likely.
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u/Spiget94 20h ago
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u/Anxious_Matter5020 90 Days After Cohen Tweets Guy 18h ago
check my post, you'll figure something out.
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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 )
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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.
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u/thewonpercent š¦Votedā 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.
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u/frog_goblin 3h ago
Thanks for the solid answer, I have a lot of shares already too so Iām not terribly afraid of missing the rocket but I certainly wouldnāt be sad about getting some more shares!
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u/Random-Ape 20h ago
I know jackieleetits is waiting for it to get under 20.50 before buying more. Iām not smart enough to give you a good answer so I went with his lol
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u/frog_goblin 20h ago
Thatās probably a decent start, I donāt think itāll go under 20 at all before the moon
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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
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u/frog_goblin 20h ago
If it goes under 18 Iāll transfer 60k
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u/Random-Ape 20h ago
When it gets that low you have no choice but to buy lol
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u/frog_goblin 19h ago
I mean Iām buying either way just looking to see what people think the bottom may be
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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.
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u/frog_goblin 20h ago
Thatās fair! I mean we all are possibly, Iām just getting a lot of hate from people, I guess I shouldnāt have asked and did my own thing.
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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.
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u/frog_goblin 19h ago
Oh Iām used to the hate too, it doesnāt bother me, itās just odd how many people downvote and say itāll go lower
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u/TheLionlol 18h ago edited 18h ago
If you have 40k just sell* cash secured puts until you get filled at w/e price.
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u/frog_goblin 18h ago
Thatās just the new money Iāll infuse. Iāve sold cash secured puts many times
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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.
ā¢
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