|
Roblox is alright, but it's also like the one company older, non-techy investors are tripping over themselves to invest in because they don't want to be out of the loop, so it seems somewhat saturated. OTOH, I guess it's a decent hedge, insofar that videogames spending and usage habits might not be as susceptible to changes in the economy, so maybe people are just moving money there for something less volatile.
|
#
?
Mar 11, 2021 14:05
|
|
|
|
| # ? Jun 11, 2024 02:15 |
|
|
Gaming "platform" that lost 253 million in 2020, a pandemic year, and has no path to profitability: Clearly an amazing hedge.
|
|
#
?
Mar 11, 2021 14:08
|
|
|
bus hustler posted:thank you nobody else in my circle understands why i am going apeshit for roblox, its tf2 hats + second life currency + publicly traded with an actual path to retail sales too. what are some comparable markets you see it targeting which justifies its valuation
|
|
#
?
Mar 11, 2021 14:09
|
|
|
Fame Douglas posted:Gaming "platform" that lost 253 million in 2020, a pandemic year, and has no path to profitability: Clearly an amazing hedge. Is Uber even making money yet? American stocks are so weird.
|
|
#
?
Mar 11, 2021 14:16
|
|
|
Fame Douglas posted:Gaming "platform" that lost 253 million in 2020, a pandemic year, and has no path to profitability: Clearly an amazing hedge. i just want the stock to go up PIZZA.BAT posted:what are some comparable markets you see it targeting which justifies its valuation lol no company is valued correctly right now, pretending the market is still rational and not stuffed with cash is silly. i like the stock to continue to go up in this market, and in return, make me money. edit: I could sell the shares i bought yesterday slightly below open for close to a $1000 profit this morning and walk away.
|
|
#
?
Mar 11, 2021 14:28
|
|
|
Did a bunch of articles about the gamestop plunge really get posted before it happened? Because lol.
|
|
#
?
Mar 11, 2021 14:59
|
|
|
Why do you think ROBLOX deserves that valuation? < Everyone says, in the thread titled GameStop is trading at $350 dollars per share.
|
|
#
?
Mar 11, 2021 15:02
|
|
|
If you think stocks are overpriced in general, then fine! That's a good and rational answer. A lot of bears are going "what's the justification?" for the entire market and there's a lot of mealy-mouthed handwaving. To the extent that particular stocks are overpriced even in this environment is still a question worth exploring though. Even relative to a (potentially) overheated market we can definitely say that some stocks have absolutely no business being priced as they are. In the short term, sure you can make money jumping on the hype. But sentiment can turn on a dime and someone's going to be left holding the bag. If we could perfectly predict when that would be, we'd be rich and not poo poo posting on an Internet 1.0 forum. RBLX can keep running on hype alone for a while. There is indeed a ton of money just sloshing around and that's gonna keep its stock price up for a bit. But to call it a "hedge" is incredibly silly, what are you hedging? How is a speculative equity that has no profitability a hedge against anything?
|
|
#
?
Mar 11, 2021 15:15
|
|
|
bus hustler posted:thank you nobody else in my circle understands why i am going apeshit for roblox, its tf2 hats + second life currency + publicly traded with an actual path to retail sales too. That's no how this works though. The growth potential of these kinds of tech companies is already priced in. You are buying in because you expect the company to surpass the growth expectations of the market, which might work out for you or not. The company might go to the moon and you could still lose money on it. Like, Tesla is a good example of this. The current stock price is so high that no amount of growth will ever justify the stock price. It could become the biggest car manufacturer in the world and you would still hold overvalued stock that could lose you money as soon as the next market correction comes.
|
|
#
?
Mar 11, 2021 15:16
|
|
|
Disagree that it was already priced in, got in slightly below the listed public open in that very brief initial dip to 60. From my personal research on the subject, and random rear end ~gut feelings~ I am bullish on the stock at below $65 and see nothing that will change that right now. Also someone who bought Tesla a year ago has made $600 per share in profit why the gently caress do they care about holding it long term or Tesla's actual underlying anything? Uber is still up from its IPO & hasnt been available under $27 since April 2020. I just want number to go up and then sell, nobody goes broke taking profits. bus hustler fucked around with this message at 15:31 on Mar 11, 2021 |
|
#
?
Mar 11, 2021 15:28
|
|
|
bus hustler posted:Disagree that it was already priced in, got in slightly below the listed public open in that very brief initial dip to 60. From my personal research on the subject, and random rear end ~gut feelings~ I am bullish on the stock at below $65 and see nothing that will change that right now. you don't make a profit until you sell
|
|
#
?
Mar 11, 2021 16:05
|
|
|
This thread makes me think the stock market is like a craps table, you basically want everyone making the same bet as you do until that one time you don't and then you win big. Except you get the other players' money instead of the house's. That's the dream of course but the reality is you lose your shirt in 10 minutes and can only take solace in the fact that you're already on a riverboat so drowning yourself is a short jaunt away.
|
|
#
?
Mar 11, 2021 16:09
|
|
|
I'll be thrilled if the gme debacle opens everyone's eyes to just how hosed the stock market has been for the past few decades (if not longer, of course). Stocks and index funds are awesome in principle, but modern legalized gambling on top of the system has screwed over the economy and the way companies are run. Don't get me wrong, gambling is also totally fine, but it shouldn't be directly tied to non-gamers' livelihoods
|
|
#
?
Mar 11, 2021 16:21
|
|
|
Sentient Data posted:I'll be thrilled if the gme debacle opens everyone's eyes to just how hosed the stock market has been for the past few decades (if not longer, of course). Stocks and index funds are awesome in principle, but modern legalized gambling on top of the system has screwed over the economy and the way companies are run. Don't get me wrong, gambling is also totally fine, but it shouldn't be directly tied to non-gamers' livelihoods it’s like someone’s craps table addiction controls our retirement
|
|
#
?
Mar 11, 2021 16:30
|
|
|
naem posted:it’s like someone’s craps table addiction controls our retirement lol if you haven't moved 100% of your retirement savings into GME
|
|
#
?
Mar 11, 2021 16:55
|
|
|
bus hustler posted:Disagree that it was already priced in, got in slightly below the listed public open in that very brief initial dip to 60. From my personal research on the subject, and random rear end ~gut feelings~ I am bullish on the stock at below $65 and see nothing that will change that right now. the market cap of roblox is $45 billion the market cap of activision, the biggest game company, which makes twice as much in profit per year as roblox does revenue, is $70 billion The only reason to believe that growth hasn't already been priced in is if you are swallowing hype articles like "Welcome to the metaverse, the sci-fi dream behind Roblox's $38 billion valuation" that claim that it's possible that in the future all games will be inside Roblox. Which is complete bullshit. Roblox is a neat beginner tinker-toy engine, but it can't do that. The stock hype is being driven by people who don't understand (or are willfully ignoring) that making a game in Roblox and making GTA are about as similar as a bottle rocket and a moon rocket.
|
|
#
?
Mar 11, 2021 16:55
|
|
|
Someone post a picture of what Roblox looks like, to drive home what the future of all gaming could look like please.
|
|
#
?
Mar 11, 2021 17:12
|
|
|
Klyith posted:the market cap of roblox is $45 billion GameStop is currently holding at $250 a share. The value of a company might depend more on how many Memes have been created in support of it rather than how much profit it made last year. I mean look at Tesla.
|
|
#
?
Mar 11, 2021 17:28
|
|
|
bus hustler posted:Disagree that it was already priced in, got in slightly below the listed public open in that very brief initial dip to 60. From my personal research on the subject, and random rear end ~gut feelings~ I am bullish on the stock at below $65 and see nothing that will change that right now. Ok, now look at the much higher number of hype companies that are trading below their IPO value now. The point with tesla is that no amount of growth or good management or whatever could make the company stock ever a good investment so there is no point in trying to justify the purchase with fundamentals or how much you think electric cars are the future. It's an asset bubble. You can make a shitton of money by gambling with it and that's ok but there is no reason to drag fundamentals or numbers into it. Go ahead and gamble with Roblox, it's really fun and it's ok. But if you make money don't buy into the delusion that you were somehow smarter than the market or made a wise investment cause that kind of hubris will bite you in the rear end sooner or later.
|
|
#
?
Mar 11, 2021 18:00
|
|
|
spunkshui posted:GameStop is currently holding at $250 a share. so when you pull the lever and get 3 rare pepes, you win big? if you go to a casino and put down the same amount of money, at least you get free booze
|
|
#
?
Mar 11, 2021 18:10
|
|
|
GABA ghoul posted:You can make a shitton of money by gambling with it and that's ok but there is no reason to drag fundamentals or numbers into it. Go ahead and gamble with Roblox, it's really fun and it's ok. But if you make money don't buy into the delusion that you were somehow smarter than the market or made a wise investment cause that kind of hubris will bite you in the rear end sooner or later. I don't think you understand the headspace of a degenerate gambler...
|
|
#
?
Mar 11, 2021 18:14
|
|
|
Klyith posted:so when you pull the lever and get 3 rare pepes, you win big? Its not pure gambling, this dice has a bunch of poo poo stuck to one side and I can see how it might roll. If the bubble pops before the stimulus hits the country and its below $50 a share im gona put some money on it being pumped again. Lightning doesn't tend to just strike the ground twice in the same area without a reason. Think about how many dumb people now have a phone app that lets them inflate the next bubble. What I don't have is the balls to wait past a 50% gain to the now 700% gain some people have. That's gamboling. This wont keep going forever but the I would be surprised if we don't see it tried once post stimulus. edit: I don't think its going to go down fast enough though.
|
|
#
?
Mar 11, 2021 18:24
|
|
|
spunkshui posted:Its not pure gambling, this dice has a bunch of poo poo stuck to one side and I can see how it might roll. This guy gets it "I'm not gambling this time, it's a sure thing!!!" Repeat until all the money is gone
|
|
#
?
Mar 11, 2021 18:29
|
|
|
Hairy Right Hook posted:This guy gets it I dont know whats more crazy: My idea, or them not selling now. You hold a stock because you think it has a higher future. The options market on that thing is loving insane lol. https://finance.yahoo.com/quote/GME/options/
|
|
#
?
Mar 11, 2021 18:34
|
|
|
 WE WANT ROBLOX! WE WANT ROBLOX! WE WANT ROBLOX!
|
|
#
?
Mar 11, 2021 18:54
|
|
|
A Strange Aeon posted:Someone post a picture of what Roblox looks like, to drive home what the future of all gaming could look like please.
|
|
#
?
Mar 11, 2021 19:02
|
|
|
i'll draw the roblox picture for 2 ETH, 1 gamestop, or 2 robloxes
|
|
#
?
Mar 11, 2021 19:08
|
|
|
Behold the future of gaming that all games from now on will be built on:
|
|
#
?
Mar 11, 2021 19:15
|
|
|
Profits are for pussies real men take losses and hide them in their taxes
|
|
#
?
Mar 11, 2021 19:36
|
|
|
the only possible explanation is that someone on facebook spread a meme telling people that putting everything into gamestop was the best way to own the libs
|
|
#
?
Mar 11, 2021 20:03
|
|
|
bus hustler posted:i just want the stock to go up i did exactly that yesterday, i got some shares at opening and sold them about 3 minutes later for a tidy ~12% profit. overvalued, volatile stock like this is not something you hold long term as the price is driven completely by sentiment and can crater just as easily as it soars besides, cathy wood's ark etf just bought 500k shares, which gives it the official stamp of an overvalued, risky memestonk
|
|
#
?
Mar 11, 2021 20:13
|
|
|
bus hustler posted:my wife is a kids librarian and my best friend is doing van-life. in EVERY LIBRARY around the US theres like a line of kids signed up to wait for their turn to play roblox. When I was a kid it was runescape and habbo we were all lining up to use at the library, and it was the same at every library I went to for a long time Not even joking I seriously still remember my entire 13-digit library card number from almost 2 decades ago because the computers required it be entered manually every 30 minutes and that's nothin when ur trying to grind ur thief skill in east ardougne e : kids would watch other kids log on in nearby computer stalls to steal their login info, i saw a kid get beat up for it once lol Punkinhead fucked around with this message at 20:39 on Mar 11, 2021 |
|
#
?
Mar 11, 2021 20:37
|
|
|
im an expert investor give me $10k and ill turn it into $7k
|
|
#
?
Mar 11, 2021 20:42
|
|
|
roblox is popular with 6-10 year olds because you dont need a gaming pc or even a console to play it on, and 99% of everything on it is free thats it, thats why kids play it. it also answers how it lost money in the biggest boom year for gaming in recent history its stock price is based on the same principles as bitcoin
|
|
#
?
Mar 11, 2021 20:45
|
|
|
A Strange Aeon posted:Someone post a picture of what Roblox looks like, to drive home what the future of all gaming could look like please. Behold, the future of video games (as promised by media from the 90s) 
|
|
#
?
Mar 11, 2021 20:57
|
|
|
Where can I buy some roblox hats? I have 2 million to invest.
|
|
#
?
Mar 11, 2021 21:26
|
|
|
I am Dr. Bakare Tunde, the cousin of Nigerian Astronaut, Air Force Major Abacha Tunde. He was the first African in space when he made a secret flight to the Salyut 6 space station in 1979. He was on a later Soviet spaceflight, Soyuz T-16Z to the secret Soviet military space station Salyut 8T in 1989. He was stranded there in 1990 when the Soviet Union was dissolved. His other Soviet crew members returned to earth on the Soyuz T-16Z, but his place was taken up by return cargo. There have been occasional Progrez supply flights to keep him going since that time. He is in good humor, but wants to come home. In the 14-years since he has been on the station, he has accumulated flight pay and interest amounting to almost $ 15,000,000 American Dollars. This is held in a trust at the Lagos National Savings and Trust Association. If we can obtain access to this money, we can place a down payment with the Russian Space Authorities for a Soyuz return flight to bring him back to Earth. I am told this will cost $ 3,000,000 American Dollars. In order to access the his trust fund we need your assistance. Consequently, my colleagues and I are willing to transfer the total amount to your account or subsequent disbursement, since we as civil servants are prohibited by the Code of Conduct Bureau (Civil Service Laws) from opening and/ or operating foreign accounts in our names. Needless to say, the trust reposed on you at this juncture is enormous. In return, we have agreed to offer you 20 percent of the transferred sum, while 10 percent shall be set aside for incidental expenses (internal and external) between the parties in the course of the transaction. You will be mandated to remit the balance 70 percent to other accounts in due course.
|
|
#
?
Mar 11, 2021 21:55
|
|
|
Short interest may have fallen, but it’s still significant: $2.76 billion with 11.18 million shares shorted, 20.52% short interest percent of float or 17.02%, depending on how you calculate it, according to Dusaniwsky. (S3 prefers the latter, as it doesn’t count the synthetic longs created from a short sale. If this is confusing, S3 has a good explainer here.) To put this into context, fellow meme stock AMC Entertainment has a short interest percentage of float of 17.32%. Tesla, another famously shorted company, is at 5.98%, and Amazon at 1.03%. “This has not been a profitable trading week for GME short sellers, after being down -$1.36 billion on Monday and Tuesday,” Dusaniwsky said. “[Wednesday’s] +7% price move added another -$202 million in additional mark-to-market losses.” All in, GameStop shorts have now lost $6.8 billion year-to-date, Dusaniwsky said. Lol https://apple.news/AYThV9PclTHeagkbvGAU4Zg
|
|
#
?
Mar 11, 2021 22:10
|
|
|
I tried Roblox with my kids and it seemed like they were going for a Minecraft meets BYOND type of thing. All I can say is it's definitely worth the $0 price tag. ... Now after typing that I feel a strong urge to reinstall BYOND. Every goon knows of SS13 but some might not be aware of the superior BYOND game...  edit: I am not a gaming advisor. I just love the games. bees everywhere fucked around with this message at 22:14 on Mar 11, 2021 |
|
#
?
Mar 11, 2021 22:11
|
|
|
|
| # ? Jun 11, 2024 02:15 |
|
|
I don't think that it's possible for a game to be bad if its author is named SuperSaiyanGokuX
|
|
#
?
Mar 11, 2021 22:59
|
|
