Investing in the stock market

[Sorensen]

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

Speaking of I need to close my position in philips 66. I just don't like the stock.

[Zan15]

The death kneel on GME will be when this dude cashes out

https://www.reddit.com/user/DeepFuckingValue/

He's already went from peak 47.9 --> 35m ---> estimated 20 ish if he made no moves .

Then again he's got 13m in cash from his previous Un-DiAmOnDhAnds.

[Sorensen]

The death kneel on GME will be when this dude cashes out

https://www.reddit.com/user/DeepFuckingValue/

He's already went from peak 47.9 --> 35m ---> estimated 20 ish if he made no moves .

Then again he's got 13m in cash from his previous Un-DiAmOnDhAnds.

He's waiting for the squeeze to be squoze

[Zan15]

Speaking of I need to close my position in philips 66. I just don't like the stock.

Didn't they just report really bad earnings?

With the failure of covid vaccine rollouts i don't see much good news for refiners anytime soon.
Especially with new strains and large part of this country and world refusing to get the vaccine cause....umm....they are fucking crazy assholes.

[Sorensen]

Didn't they just report really bad earnings?

With the failure of covid vaccine rollouts i don't see much good news for refiners anytime soon.
Especially with new strains and large part of this country and world refusing to get the vaccine cause....umm....they are fucking crazy assholes.

Exactly why I need to close my position in any oil stocks. Not good long investments.

[Zaktar]

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.

Funny you weren't hedging your advice on Sunday, and that "it's a gamble" doesn't change the fact that it was dumb fucking advice. To borrow from your roulette theory: "I'm betting heavy on 13 Monday and so should you." Except the wheel in question doesn't even have a 13 on it.

[Edge-]

Funny you weren't hedging your advice on Sunday, and the that "it's a gamble" doesn't change the fact that it was dumb fucking advice. To borrow from your roulette theory: "I'm betting heavy on 13 Monday and so should you." Except the wheel in question doesn't even have a 13 on it.

It's all for the memes, and we shall rewrite history for the sake of the memes and the glorious WSB narrative that's so compelling and continues to largely be detached from actual reality.

Meme-culture is the fuckin worst.

[Machismo]

It's all for the memes, and we shall rewrite history for the sake of the memes and the glorious WSB narrative that's so compelling and continues to largely be detached from actual reality.

Meme-culture is the fuckin worst.

The key is to profit off their ignorance and poor decisions. If people want to toss money out the window, you may as well be the one to pick it up.

[Edge-]

The key is to profit off their ignorance and poor decisions. If people want to toss money out the window, you may as well be the one to pick it up.

I had half a mind to join the early buying and sell on TO THE MOON DIAMONDHANDS FRIDAY. Seriously. And I have enough stashed away that I could have snapped up quite a few shares and earned a tidy profit.

But I generally strongly dislike gambling as a whole, so didn't bother with it. I've got an IRA account for retirement that I put a bit into each month, that's about as much involvement with the stock market as I can realistically tolerate. I'm too conservative and chickenshit to risk my money on the roulette wheel.

[Machismo]

I had half a mind to join the early buying and sell on TO THE MOON DIAMONDHANDS FRIDAY. Seriously. And I have enough stashed away that I could have snapped up quite a few shares and earned a tidy profit.

But I generally strongly dislike gambling as a whole, so didn't bother with it. I've got an IRA account for retirement that I put a bit into each month, that's about as much involvement with the stock market as I can realistically tolerate. I'm too conservative and chickenshit to risk my money on the roulette wheel.

I'm not a huge fan of gambling, either. I rarely trade, and have held onto most of the stock I own, since the day I bough it. But, when you see people like this, who have no problem pissing it away, and are doing it publicly, then capitalizing off of their foolishness is almost a public service.

[Zan15]

It's all for the memes, and we shall rewrite history for the sake of the memes and the glorious WSB narrative that's so compelling and continues to largely be detached from actual reality.

Meme-culture is the fuckin worst.

its just history repeating itself. Oh the good old days of BB, AOL Et All and IcQ penny stock pumping and dumping.

They punished the hell out of people back in the day and changed a lot of regulations but somehow people think that because its on reddit its different.

- - - Updated - - -

Google apparently crushed it

ToDaMoon?

https://www.cnbc.com/2021/02/02/alph...s-q4-2020.html

Shares of Alphabet, the parent company of Google, rose 4% in extended trading on Tuesday after the company reported fourth-quarter earnings that surpassed analysts’ expectations.

Here’s how the company did:

Earnings: $22.30 per share, adjusted, vs., $15.90 per share as expected by analysts, according to Refinitiv.
Revenue: $56.90 billion, vs. $53.13 billion as expected by analysts, according to Refinitiv.
Google Cloud: $3.83 billion, vs. $3.81 billion as expected by analysts, according to StreetAccount.
YouTube ads: $6.89 billion, vs. $6.11 billion as expected by analysts, according to StreetAccount.
Traffic acquisition costs (TAC): $10.47 billion, vs. $9.32 billion as expected by analysts, according to StreetAccount.

lphabet’s revenue grew 23% on an annualized basis in the quarter, according to a statement.

The company broke out operating income from its cloud business for the first time.

[Zaktar]

The key is to profit off their ignorance and poor decisions. If people want to toss money out the window, you may as well be the one to pick it up.

I guess. But once you start profiting off of people's misery, you build in yourself an ongoing incentive to create more misery to profit off of. I'd rather just stay away from the whole thing, personally. I'll stick to index funds.

[Machismo]

I guess. But once you start profiting off of people's misery, you build in yourself an ongoing incentive to create more misery to profit off of. I'd rather just stay away from the whole thing, personally. I'll stick to index funds.

They are literally creating their own misery, and laughing while they do it. That's the most absurd part, and when all is said and done, the thousands upon thousands of people who lost their asses, are going to try and blame someone else. We saw the exact same bullshit in the housing collapse of 2008, when all those people decided to leverage the equity in their homes.

[Zan15]

Sen. Elizabeth Warren asks Robinhood to explain why it restricted GameStop trades after hedge funds’ losses


"umm miss senator.... we had to meet capital requirements of clearing houses and other regulatory requirements in order to continue trading ALL STOCKS for EVERY CUSTOMER"


Sen Warren "well who the hell told you, that you had to do that"


"umm miss senator, congress did."


CEO walks out after 3 minutes.....



I mean they will showboat for hours but it will be the same answers over and over.

[Zan15]

They are literally creating their own misery, and laughing while they do it. That's the most absurd part, and when all is said and done, the thousands upon thousands of people who lost their asses, are going to try and blame someone else. We saw the exact same bullshit in the housing collapse of 2008, when all those people decided to leverage the equity in their homes.

I almost wonder how many of them are real vs made up freebie fake trading acct stuff?

who on earth goes on a reddit forum to brag they lost 230k?

[Zan15]

And Amazon continues the winning streak of FAANG stocks


https://www.cnbc.com/2021/02/02/amaz...s-q4-2020.html

Amazon reports first $100 billion quarter
Amazon delivered its largest quarter by revenue of all time Tuesday at $125.56 billion in its earning report for the fourth quarter of 2020.

Here are the results:

Earnings: $14.09 vs $7.23 per share forecast by Refinitiv
Revenue: $125.56 billion vs $119.7 billion forecast by Refinitiv

[Zan15]

"But...but Reddit told me....they told me it was a fake dip....and that hedgies were going to give me tendies...and that this was the VW squeeze...It's not my fault I took out a loan to buy $50,000 at $300...."

well the VW pump is the new strat to try to squeeze out some more suckers in the whole thing.
Really caught hold today for some reason.


This is exactly why services suspended trading in GME. These people wanted to trade on margin and with money they did not have. services would be on the hook for all that.


They cry about some hedge fund conspiracy but fucking RH had to raise 4 billion dollars just to operate for a reason....

[Sorensen]

Sen. Elizabeth Warren asks Robinhood to explain why it restricted GameStop trades after hedge funds’ losses


"umm miss senator.... we had to meet capital requirements of clearing houses and other regulatory requirements in order to continue trading ALL STOCKS for EVERY CUSTOMER"


Sen Warren "well who the hell told you, that you had to do that"


"umm miss senator, congress did."


CEO walks out after 3 minutes.....



I mean they will showboat for hours but it will be the same answers over and over.

Then why only limit the meme stocks? Should have limited all trading.

Also why go on TV saying it wasn't for liquidity reasons?

[Zaktar]

Picking up a $10 that someone dropped on the ground isn't going to "build in yourself an ongoing incentive" to go around mugging people.

There's also a difference between picking up $10 bucks off the ground and this:

The key is to profit off their ignorance and poor decisions.

If you want to go out looking for people making bad decisions and say "how can I profit off of this" instead of, "how can I stop this." Cool. You do you.

[Edge-]

Then why only limit the meme stocks? Should have limited all trading.

Other stocks didn't have such high capitol requirements as they were as volatile, nor as heavily traded as GME was at that time.

Also why go on TV saying it wasn't for liquidity reasons?

Because he's a fuckin CEO and trying to put on the best face for his company that he can, and admitting that they had capitol problems wasn't a good way to do that? I mean, it's hardly the first time a CEO has spewed blatant falsehoods or bullshit on TV.