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  1. #901
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    Quote Originally Posted by gondrin View Post
    Well, I believe the lesson of the day is don't gamble in the first place unless you know what you are doing. Actual investing is long term and is not gambling, this does not include that.

    1. Only bet what you are willing to lose.
    2. Set an upper and lower limit on when to get out(regardless of gains/losses).
    3. Don't follow any hype trains.

    if you want to gamble with your money, go to an actual casino where you have more control of winning some money(this excludes slot machines). At least there if you get screwed, you can look the person in the eye who is doing it to you.
    Or the stock market as it's an online casino.
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  2. #902
    Quote Originally Posted by Sorensen View Post
    Or the stock market as it's an online casino.
    That's...been the case since long before today, and it shouldn't have taken being manipulated into a pump-n-dump scheme to teach that.

  3. #903
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    Quote Originally Posted by Edge- View Post
    That's...been the case since long before today, and it shouldn't have taken being manipulated into a pump-n-dump scheme to teach that.
    Targeting short squeezes I would not not consider pump and dump
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  4. #904
    Quote Originally Posted by Sorensen View Post
    Targeting short squeezes I would not not consider pump and dump
    There's literally no explanation for the meteoric rise of a garbage stock for a company with no future being inflated to hell and then quickly crashing back to reality.

    That's a bubble, my dude.

  5. #905
    There are a lot of cliche sayings in investment. However, they are cliches because they have mostly stood the test of time.

    My favorites which apply to this story is “the fundamentals don’t matter on short-term trades” as in day trades and “the fundamentals don’t matter until they do.” The GME stock manipulation went on too long and the fundamentals caught up to it. The fundamentals will always catch up sooner or later.

    Talking about a company with good fundamentals and for a break from GME. After years of hoarding cash, to the tune of $196 billion, Apple has sold $14 billion in bonds to take advantage of cheap borrowing cost. Likely for buyback and dividends, working capital, acquisition and repayment of more expensive debt. They had $58 billion offers btw.

    Apple can borrow at a rate of 1.86% for about nine years, according to Bloomberg Barclays index data. That’s lower than the 1.94% when Apple was last in the market in August. The move comes as the company is looking to trim its net cash position, by returning more cash to shareholders. According to Bloomberg Intelligence, the tech giant may need to increase its annual shareholder returns to over $100 billion to attain its net-cash neutral target over the coming years.

    Meanwhile, TipRank’s hedge fund trading activity tool shows that short position in Apple has been fluctuating between 800 to 900 million shares since June 2020. So around 5% of Apple’s 16.4 billion floating shares.

  6. #906
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    Quote Originally Posted by Edge- View Post
    There's literally no explanation for the meteoric rise of a garbage stock for a company with no future being inflated to hell and then quickly crashing back to reality.

    That's a bubble, my dude.
    There are some pretty clear explanations. Not everything going up is a bubble.
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  7. #907
    Quote Originally Posted by Sorensen View Post
    There are some pretty clear explanations. Not everything going up is a bubble.
    Do tell!

    That they created a bubble to own the hedge fund shorts?

    Or that they seriously and honestly believed, after a review of GME's financials and earnings reports, that the companies stock was worth $300+ a share?

    I'm curious!

  8. #908
    Quote Originally Posted by Sorensen View Post
    Targeting short squeezes I would not not consider pump and dump
    I think someone somewhere on the internet explained why short squeezes in the past have typically always been a rich man's game, and why this one won't even get to the "squeeze."

    A few factors: rich people use rich brokerages that don't run out of money and limit their trades. This was a major part of the GME rise stagnation and crash; there simply were not enough buyers for the supply because they could not initiate purchases. But moreover, rich people are also rich. Retail investors are hitting their all-ins, so even though they're still holding a massive pile of stock and restrictions are gradually being lifted, they still can't buy more into "the dip" to push the price back up. The only real play here was to treat it like a pump and dump and get out when it was good and to not get in at all if you missed the intro.

  9. #909
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    Quote Originally Posted by Grapemask View Post
    I think someone somewhere on the internet explained why short squeezes in the past have typically always been a rich man's game, and why this one won't even get to the "squeeze."

    A few factors: rich people use rich brokerages that don't run out of money and limit their trades. This was a major part of the GME rise stagnation and crash; there simply were not enough buyers for the supply because they could not initiate purchases. But moreover, rich people are also rich. Retail investors are hitting their all-ins, so even though they're still holding a massive pile of stock and restrictions are gradually being lifted, they still can't buy more into "the dip" to push the price back up. The only real play here was to treat it like a pump and dump and get out when it was good and to not get in at all if you missed the intro.
    Poor people could use rich brokers too they just historically have not as shown by this recent event and so many people being in RH.
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  10. #910
    Quote Originally Posted by Sorensen View Post
    Poor people could use rich brokers too they just historically have not as shown by this recent event and so many people being in RH.
    And they don't because...?

  11. #911
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    Quote Originally Posted by Edge- View Post
    And they don't because...?
    I would say a lack of investment education.

    I'm the only person I know in person who has a brokerage account with anyone except some people who had gotten in just recently and they joined with options like RH, stash etc because they just don't know.
    Last edited by Sorensen; 2021-02-02 at 06:10 PM.
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  12. #912
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    Poor people dont do it because can't risk throwing away precious capital. Probably a smart decision.

  13. #913
    Quote Originally Posted by Sorensen View Post
    I would say a lack of investment education.

    I'm the only person I know in person who has a brokerage account with anyone except some people who had gotten in just recently and they joined with options like RH, stash etc because they just don't know.
    Maybe the person who said this on Sunday:

    Quote Originally Posted by Sorensen View Post
    Video games are worth that much.

    I'm buying Monday. And so should everyone else.
    Should stop fooling themselves about their expertise on this subject.

  14. #914
    Quote Originally Posted by Bovinity Divinity View Post
    Imagine being the guy that's now a millionaire and a "brilliant investor" all because he bought up a ton of GME options and stock and then somehow managed to herd the masses for a day.

    It's weird because people try this stuff all the time, but this time it just happened to catch on. Maybe it was the perfect storm of a gaming-related stock, hate toward institutions being at a high, and whatever.
    Turns out he was not that "brilliant". I was watching one professional investor with a news letter on CNBC showing his news letter that showed the GME strat long before this shit even started.
    Turns out a whole bunch of people saw the same thing and it might not have even been his idea he just stumbled upon it while investing in GME

    Only difference is the WSB guy convinced the uneducated masses to follow him as he sold a little bit at a time for a huge profit.
    then the media took over and made it 10x worse.

    Classic pump and dump.

    - - - Updated - - -

    Quote Originally Posted by Sorensen View Post
    Poor people could use rich brokers too they just historically have not as shown by this recent event and so many people being in RH.
    Poor people also don't use banks, they use check cashing services and are afraid of banks.

    The fact we still to this day do not teach much economics, financial and investing in k-12 is fucking downright ridiculous.
    Buh Byeeeeeeeeeeee !!

  15. #915
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    Quote Originally Posted by Zaktar View Post
    Maybe the person who said this on Sunday:



    Should stop fooling themselves about their expertise on this subject.
    Well they are basically the same thing. Stock market investment really shouldn't be done with money you wouldn't mind losing, so yoloing a few shares of a stock is no biggie.
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  16. #916
    Quote Originally Posted by gondrin View Post
    Well, I believe the lesson of the day is don't gamble in the first place unless you know what you are doing. Actual investing is long term and is not gambling, this does not include that.

    1. Only bet what you are willing to lose.
    2. Set an upper and lower limit on when to get out(regardless of gains/losses).
    3. Don't follow any hype trains.

    if you want to gamble with your money, go to an actual casino where you have more control of winning some money(this excludes slot machines). At least there if you get screwed, you can look the person in the eye who is doing it to you.
    That's the nutty part of it all. The general leading the charge made it very clear to cash out gains and play with what's left.
    As of yesterday he cashed out 13 million.
    But all over WSB was everyone screaming hold and buy more with stupid catch phrases and meme icons.

    Still today 60-70% of all post are people telling others to hold or buy more!

    - - - Updated - - -

    Quote Originally Posted by Sorensen View Post
    Well they are basically the same thing. Stock market investment really shouldn't be done with money you wouldn't mind losing, so yoloing a few shares of a stock is no biggie.
    man 600-700 bucks would finish paying off my car loan or pay most of my rent.

    Yolo!!!

    Should have just gone and put on black at least then you had a 50/50 chance of doubling your money without the wait.
    Buh Byeeeeeeeeeeee !!

  17. #917
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    Quote Originally Posted by Zan15 View Post
    That's the nutty part of it all. The general leading the charge made it very clear to cash out gains and play with what's left.
    As of yesterday he cashed out 13 million.
    But all over WSB was everyone screaming hold and buy more with stupid catch phrases and meme icons.

    Still today 60-70% of all post are people telling others to hold or buy more!

    - - - Updated - - -



    man 600-700 bucks would finish paying off my car loan or pay most of my rent.

    Yolo!!!

    Should have just gone and put on black at least then you had a 50/50 chance of doubling your money without the wait.
    But that's no fun it's like 10 sec all or nothing with roulette. Roulette is like $10 max kinda bets. Make enough to go to the caesars buffet and a marshmellow concert etc kinda money.
    Driving on Sunshine.

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  18. #918
    Quote Originally Posted by Rasulis View Post
    There are a lot of cliche sayings in investment. However, they are cliches because they have mostly stood the test of time.

    My favorites which apply to this story is “the fundamentals don’t matter on short-term trades” as in day trades and “the fundamentals don’t matter until they do.” The GME stock manipulation went on too long and the fundamentals caught up to it. The fundamentals will always catch up sooner or later.

    Talking about a company with good fundamentals and for a break from GME. After years of hoarding cash, to the tune of $196 billion, Apple has sold $14 billion in bonds to take advantage of cheap borrowing cost. Likely for buyback and dividends, working capital, acquisition and repayment of more expensive debt. They had $58 billion offers btw.

    Apple can borrow at a rate of 1.86% for about nine years, according to Bloomberg Barclays index data. That’s lower than the 1.94% when Apple was last in the market in August. The move comes as the company is looking to trim its net cash position, by returning more cash to shareholders. According to Bloomberg Intelligence, the tech giant may need to increase its annual shareholder returns to over $100 billion to attain its net-cash neutral target over the coming years.

    Meanwhile, TipRank’s hedge fund trading activity tool shows that short position in Apple has been fluctuating between 800 to 900 million shares since June 2020. So around 5% of Apple’s 16.4 billion floating shares.
    HEY HEY Ras did you see this??? i know you love oil, could you imagine this??

    I am shocked they didn't do it. With energy loving administration support and regulatory control of merger approval under the same group i could imagine it would have happened with some divestitures (damn I actually spelled that word right, woot).

    Its all but dead now and i doubt it could ever get approved for the next 4 years.



    https://www.wsj.com/articles/exxon-c...er-11612126203

    Exxon, Chevron CEOs Discussed Merger
    Exxon’s Darren Woods, Chevron’s Mike Wirth spoke last year about combining their companies in what could be among the largest corporate mergers ever.

    A combined company’s market value could top $350 billion. Exxon has a market value of $190 billion, while Chevron’s is $164 billion. Together, they would likely form the world’s second largest oil company by market capitalization and production, producing about 7 million barrels of oil and gas a day, based on pre-pandemic levels, second only in both measures to Saudi Aramco.

    - - - Updated - - -

    Quote Originally Posted by Sorensen View Post
    But that's no fun it's like 10 sec all or nothing with roulette. Roulette is like $10 max kinda bets. Make enough to go to the caesars buffet and a marshmellow concert etc kinda money.
    nah go to a real casino you can get higher tables on just about any game.

    Sometimes you just want a quicky and not all the sticky!
    Buh Byeeeeeeeeeeee !!

  19. #919
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    Quote Originally Posted by Zan15 View Post
    HEY HEY Ras did you see this??? i know you love oil, could you imagine this??

    I am shocked they didn't do it. With energy loving administration support and regulatory control of merger approval under the same group i could imagine it would have happened with some divestitures (damn I actually spelled that word right, woot).

    Its all but dead now and i doubt it could ever get approved for the next 4 years.



    https://www.wsj.com/articles/exxon-c...er-11612126203

    Exxon, Chevron CEOs Discussed Merger
    Exxon’s Darren Woods, Chevron’s Mike Wirth spoke last year about combining their companies in what could be among the largest corporate mergers ever.

    A combined company’s market value could top $350 billion. Exxon has a market value of $190 billion, while Chevron’s is $164 billion. Together, they would likely form the world’s second largest oil company by market capitalization and production, producing about 7 million barrels of oil and gas a day, based on pre-pandemic levels, second only in both measures to Saudi Aramco.
    But oil is a dead commodity.
    Driving on Sunshine.

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  20. #920
    Quote Originally Posted by Sorensen View Post
    But oil is a dead commodity.
    yah eventually it will be coal, but its still got a long long time to go. Still a lot of money to be made maybe not in stock
    Buh Byeeeeeeeeeeee !!

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