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Baddog posted:Welp, AMC had people working overtime friday night, filed an amendment on saturday, CEO sent out a letter to shareholders pleading to make this work/support the deal. Net result, lot of people convinced that AMC/APE conversion is still gonna happen and the squeeze didn't pan out this morning. Adam Aron has done a pretty remarkable job of navigating the insanity that must be running a meme stock company. I wouldnt be surprised if AMC actually manages to survive all of this somehow unlike the other large meme stocks like BBBY and GME.
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Jul 24, 2023 21:13
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I want the dumbest future where Elon has Tesla acquire a controlling interest in U.S. Steel, “to vertically integrate Tesla manufacturing”, when it’s really just to get their stock ticker for his dumbass X rebrand of twitter before he takes the company public again. Give it 2 years.
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Jul 24, 2023 23:42
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Red posted:I'd be stupid not to buy more SCHW, right? I should have bought more.
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Jul 25, 2023 16:07
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Redeemed all my I bonds today, it was a nice run of ~9% interest Now what's poppin' in the market that looks juicy
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Jul 25, 2023 18:06
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Syrinxx posted:Redeemed all my I bonds today, it was a nice run of ~9% interest Its not 9%, but I picked up some more nice CDs the other week. Some SGOV. A little VCLT on the spicier side. Real degenerate stuff.
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Jul 25, 2023 18:20
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If you want to play earnings lotto plenty of companies reporting this week. Microsoft and Google tonight, Meta Wed PM, XOM on Friday AM to name a few. I'm interested in $BUD reporting next week on 8/3. Will be interesting to see the actual effects (if any) of the social media boycott.
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Jul 25, 2023 18:27
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Baddog posted:Its not 9%, but I picked up some more nice CDs the other week. I may just plop it into $PBTB for more boring income since I will miss the chance to degenerately gamble on MSFT earnings Syrinxx fucked around with this message at 19:37 on Jul 25, 2023 |
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Jul 25, 2023 19:28
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drat, MAT just can't break $22. Earnings are getting released tomorrow, so maybe a chance to hit my $23 target out of this, but if not, at least it was cheap Also, I found the LECO spread thing again and actually got a picture this time so I can hopefully be told that I'm an idiot for making a fuss 
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Jul 26, 2023 00:42
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The Door Frame posted:
That's after hours trading... Most stocks do get extremely illiquid and the spreads open up. Never put in a market order pre or post market!
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Jul 26, 2023 01:36
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Baddog posted:That's after hours trading... Most stocks do get extremely illiquid and the spreads open up. Never put in a market order pre or post market! Thank you. I had a feeling that I was freaking out over normal behavior, but I had to have someone more knowledgeable look at it before I made any real decisions And since I've already shown my ignorance, I may as well ask another dumb question. Is that the price that someone is actually paying to buy a share at, or is it the price adjusted to reflect the number of orders put in to buy and sell the 0 shares that are currently changing hands?
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Jul 26, 2023 02:55
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Usually "the price" listed is the last filled order - what was the price the last deal was actually made at? The posted bid is the highest price someone is willing to pay - what's the highest limit buy order? The posted ask is the lowest price someone is willing to accept to sell - what's the lowest limit sell order?
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Jul 26, 2023 03:00
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Jenkl posted:Usually "the price" listed is the last filled order - what was the price the last deal was actually made at? And there's the disconnect!  There's some real optimists out there The Door Frame fucked around with this message at 07:40 on Jul 26, 2023 |
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Jul 26, 2023 03:31
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There aren’t a lot of people interested in trading your stock outside of regular trading hours. Those that are will only trade at massive premium. Some stocks trade much tighter. Most don’t. Don’t gently caress with after hours unless you know what you’re doing.
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Jul 26, 2023 04:51
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The markets are truly crazy - Carvana (CVNA) with an over 800% return this year. And Vinco Ventures (BBIG) jumping from $1.25 to $5.12 in a single month... should have invested in the dumpster fire all along, who knew? Finished the book "Power Failure The Rise and Fall of an American Icon" regarding the history of GE. Quite good and shows how the wrong leadership can ruin a great company. (and stockholder value) Will probably look into buying GEHC stock soon... Bought another 1137 shares of $GOON (ENDRA Life Sciences NDRA) @$1.28. Annual stockholder meeting keeps getting pushed back, now it's Aug 9th. Something's up... are they planning to announce the De Novo submission then? Nice work Google, wish I bought more!
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Jul 26, 2023 05:08
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Here is a fun story about investing in a dumpster fire, since I just sold my SIRI stock and how I came around to buying it. So I worked at a hedge fund in 2008 doing corporate video crap. They started a fantasy stock trading website similar to How The Market Works where you get $10K to invest in whatever, and there was a leaderboard, and all this crap to see how you compare to other users. They wanted everyone in the company to participate to make it look active as it launched. Well my goal was to tank my account as quickly as possible so that I didn't have to participate, ideally picking a stock that would go to zero if possible. I saw SIRI drop from $3 per share to as low as .05 per share. So I dumped all my 10K into SIRI at .07 per share. The stock kept increasing from there, and my spot on the leaderboard was #1 for the entire lifespan of the site. On the day the site died this is where my Portfolio was at.  I did the math at one point, and at its peak I would of had 939M As a poor recent college graduate, I ended up buying 500 shares when it reached .70 per share after seeing my fantasy portfolio explode, and recently sold it at $7.00. So yeah... who knew?
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Jul 26, 2023 17:02
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Astro7x posted:I saw SIRI drop from $3 per share to as low as .05 per share. So I dumped all my 10K into SIRI at .07 per share. The stock kept increasing from there, and my spot on the leaderboard was #1 for the entire lifespan of the site. Wait, how did this work? SIRI is up but it isn't up THAT much. How would you have 142 milliion shares?
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Jul 26, 2023 18:38
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Assuming the decimal is missing since $10,000 divided by .07 is 142,857.143
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Jul 26, 2023 18:43
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Agronox posted:Wait, how did this work? SIRI is up but it isn't up THAT much. How would you have 142 milliion shares? This is a fantasy stock trading website, not a real thing... And maybe I'm wrong with my math/price point. It was 15 years ago!
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Jul 26, 2023 18:50
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ARTPUP posted:Bought another 1137 shares of $GOON (ENDRA Life Sciences NDRA) @$1.28. Annual stockholder meeting keeps getting pushed back, now it's Aug 9th. Something's up... are they planning to announce the De Novo submission then?
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Jul 26, 2023 18:55
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ARTPUP posted:The markets are truly crazy - Carvana (CVNA) with an over 800% return this year. And Vinco Ventures (BBIG) jumping from $1.25 to $5.12 in a single month... should have invested in the dumpster fire all along, who knew? Syrinxx posted:Yeah they're real neato If you liked that book, here's another one you might like: https://www.amazon.com/Just-Wait-Til-Were-Diamond/dp/1889299006
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Jul 26, 2023 19:09
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Agronox posted:Wait, how did this work? SIRI is up but it isn't up THAT much. How would you have 142 milliion shares? the difference between his gain and his current value is ten million dollars, so he mis-remembered the starting amount: he invested ten million fake dollars at ten cents a share, not ten thousand fake dollars
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Jul 26, 2023 19:40
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Leperflesh posted:the difference between his gain and his current value is ten million dollars, so he mis-remembered the starting amount: he invested ten million fake dollars at ten cents a share, not ten thousand fake dollars Ah right, lol. Thanks all.
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Jul 26, 2023 20:55
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it also makes the whole scenario much more silly, because you probably can't buy ten million dollars of some ten cent penny stock without radically driving the price up as you buy various lots. I don't know how to look up the volume on SIRI on a particular day in 2009 but I bet it wasn't some high multiple of his 143M share purchase?
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Jul 26, 2023 23:19
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Syrinxx posted:Yeah they're real neato Same. I’m gonna hold onto it until it or myself dies or it miraculously makes a profit because it’s well past the time to have dumped it.
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Jul 27, 2023 03:17
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Ha! On the subject of NDRA, I got this email about a week ago, because I was holding shares at some point:
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Jul 27, 2023 14:01
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Why not cut out the middle men? We probably have enough qualified investors in this thread to start our own biotech venture fund.
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Jul 27, 2023 14:02
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Colonel Taint posted:Ha! On the subject of NDRA, I got this email about a week ago, because I was holding shares at some point: Expected to lose 150% of its market cap next year
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Jul 27, 2023 14:07
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They'll get that FDA approval any day now, I'm sure
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Jul 27, 2023 16:55
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Leperflesh posted:it also makes the whole scenario much more silly, because you probably can't buy ten million dollars of some ten cent penny stock without radically driving the price up as you buy various lots. I don't know how to look up the volume on SIRI on a particular day in 2009 but I bet it wasn't some high multiple of his 143M share purchase? Oh I know that wasn't feasible in a real life scenario. I guess the point of the story is that I intentionally tried to lose all my money in the fake stock trading site and accidentally became the top performer on a site where people that trade for a hedge fund were also participating. The stock market is a crap shoot and I will never understand it.
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Jul 27, 2023 17:15
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that’s how all those public stock market competitions work if your only goal is to be #1. you get thousands of competitors and some insanely concentrated risky bet wins the pot. this is also why people who “professionally” bet in large daily fantasy competitions on draftkings or whatever seek to design high variance, uncommon lineups.
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Jul 27, 2023 17:21
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AMC plummeting, APE rising, guessing the conversion is about to go through
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Jul 27, 2023 17:28
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Astro7x posted:Oh I know that wasn't feasible in a real life scenario. Wait, so I should or should not base my entire financial future on this crazy person's gambling ring?
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Jul 27, 2023 17:41
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Red posted:Wait, so I should or should not base my entire financial future on this crazy person's gambling ring? Being broke is a future so that bet isn’t possible
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Jul 27, 2023 23:43
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Red posted:Wait, so I should or should not base my entire financial future on this crazy person's gambling ring? Yes, you should or should not.
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Jul 27, 2023 23:50
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Elephanthead posted:Being broke is a future so that bet isn’t possible I see. My parents and my in-laws both had nice government pensions, and both retired in their early 60s and seemed really comfortable and happy. That seems smart, how do I sign up?
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Jul 27, 2023 23:55
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Red posted:I see. You’ll need to rip off some Libyans to get plutonium.
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Jul 28, 2023 02:27
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google's CEO should be straight up fired https://archive.ph/wfiEi "Transformers: the Google scientists who pioneered an AI revolution" imagine having the team who created transformers, which power all the LLM/GPT/etc stuff these days, and losing EVERY ONE OF THEM. largely because they wanted to make OTHER new stuff and they couldn't. plus probably has visions of gettin' richer. it's like having a surefire future nobel laureate team at a university and then telling them 'sorry can't pay you, also need you to make the university website better please' and having them all quit
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Jul 28, 2023 03:51
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pmchem posted:google's CEO should be straight up fired That's not the only reason that Alphabet needs its leadership cleaned out, they're lying to advertisers in a big way and that's the majority of their revenue https://www.hollywoodreporter.com/business/business-news/google-lawsuit-inflating-video-ad-metrics-1235546090/
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Jul 28, 2023 14:04
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 No comment.
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Jul 28, 2023 15:28
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pseudanonymous posted:You’ll need to rip off some Libyans to get plutonium. Great, now I need to find some used pinball parts
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Jul 28, 2023 15:37
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