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i saw some kind of midsize mom-suv with back window banner that had a huge GME and less huge TO THE MOON taking up the whole window, this was when i was still doing delivery so at least 18 months ago
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Oct 15, 2023 02:22
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CrypticFox posted:That's wasn't necessarily a crazy investment choice though, thinking that the popularity of Pokemon Go would positively impact other Pokemon products made by the Pokemon company was pretty reasonable. Not sure if it did, since the Pokemon Go craze ended up being pretty short lived, but that doesn't mean the investment choice was crazy. the highs of the craze might be gone, but its floor is still surprising not that low?
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Oct 15, 2023 02:39
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Chief McHeath posted:i saw some kind of midsize mom-suv with back window banner that had a huge GME and less huge TO THE MOON taking up the whole window, this was when i was still doing delivery so at least 18 months ago 
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Oct 15, 2023 02:44
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So this starts off as normal WSB/legal advice stupidity, I'll only include the relevant bit because most of it is just basically the poster being shocked that lawyers are expensive. Is my attorney ripping me off? "OP" posted:I’m attempting to sue an investment brokerage for what is essentially investment fraud. They sold my stock without asking for consent, leading to a $380k loss. This was not related to margin; my account was not verified yet, and I hadn’t submitted my personal info for resubmission. So yeah, normal WSB guy loses a bunch of money BS. However, in the comments OP said something I am pretty drat sure means he's suing a brokerage because his BBBY shares disappeared lol quote:The reason the brokerage shut down the trade seems to be an unclear reckoning of fiduciary duty based on unverified identity. This was all market trades, and I was going to receive new shares for a company that was being reorganized, so my old shares were nearly worthless.
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Oct 15, 2023 03:01
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wilderthanmild posted:So this starts off as normal WSB/legal advice stupidity, I'll only include the relevant bit because most of it is just basically the poster being shocked that lawyers are expensive. You can tell they are being extremely careful not to mention that they are an ape because then people would say that the outlook is bad, and in ape world, people saying the outlook is bad makes the outlook worse.
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Oct 15, 2023 03:37
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istewart posted:This is a truck I saw last year in Madera, the middle of nowhere in central California $CAM
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Oct 15, 2023 03:49
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Despite having watched the Dan Olson video a couple times, reading the ape subreddits is still a massively surreal experience.
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Oct 15, 2023 04:24
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A Strange Aeon posted:I always wonder why there aren't more privatized playgrounds, since at least part of the year or on bad weather days, an indoor playground with special extra stuff seems like a good proposition for parents. And a decent birthday option. Staffing would be minimal, the parents themselves would provide supervision and you could have a little coffee shop or whatever attached for grown ups to hang out in while the kids play. And sell kid snacks of course. I live in a town of about 100k people near the San Francisco Bay area. The place to take the kids were two competing businesses that did the same thing as each other. An air conditioned warehouse space where they laid astroturf and set up 5 to 8 giant inflatable bouncy houses and toddler areas with big foam blocks and wood wall mounted puzzle type things. $5 per kid per hour. There were some pinball machines and massage chairs. They sold sodas and candy and what not and offered birthday packages that were 2 hours for up to 10 kid guests. They provided pizza and drinks. It was around $200 if memory serves. Both of them were about 2 miles from one another. Both had been around for at least a decade. The moment Covid hit and they shut neither ever returned. One of them still will rent and deliver bouncy castles for private parties but that's it.
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Oct 15, 2023 04:27
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Vincent Van Goatse posted:Despite having watched the Dan Olson video a couple times, reading the ape subreddits is still a massively surreal experience. they're all masochists, heavily into findom they can only climax when their bank accounts are overdrawn
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Oct 16, 2023 09:17
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OMG you people were right, Rite Aid is bankrupt! Time to liquidate everything I own so I can buy stocks!
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Oct 16, 2023 13:18
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cruft posted:OMG you people were right, Rite Aid is bankrupt! Time to liquidate everything I own so I can buy stocks! No don't liquefy anything! People can steal liquids easy. Just slurp it all up! People are mostly liquids, it's the perfect crime!!! Solidify everything and bury it somewhere safe!
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Oct 16, 2023 13:30
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r/BBBY is rolling out some slightly more aggressive moderation to address trolling and brigading of the sub, but one response to the changes stands out:an ape posted:Thank you, but I think the sub would do well to delete users who are CONSTANTLY making negative predictions about the stock, and who obviously HATE the stock, rather than strictly only banning users who are abusive or rude. Surely a sign of a healthy, not-echo-chamber community.
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Oct 16, 2023 17:11
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I mean sure if they want to circle around a stock that has been delisted and cancelled have at it. When will the fat lady actually sing for these folks? E: the good news here is that they cannot throw more money into the furnace or convince others to do so. Big Ass On Fire fucked around with this message at 17:24 on Oct 16, 2023 |
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Oct 16, 2023 17:18
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PP show subreddit highlights from today: It's Geoffrey, the Toys R Us mascot's birthday today., and that might mean something. There is excitement that Ryan Cohen posted on X (he was responding to a GameStop customer about a preorder issue).
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Oct 16, 2023 17:39
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Big rear end On Fire posted:When will the fat lady actually sing for these folks? it's not over until the mods sticky a thread with the details for suicide hotlines not even joking, that probably will happen eventually
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Oct 16, 2023 17:42
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Big rear end On Fire posted:E: the good news here is that they cannot throw more money into the furnace or convince others to do so. how long until they come up with the idea that if they send ryan cohen money directly it will count towards new stocks in Gmerica/teddy?
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Oct 16, 2023 17:47
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Big rear end On Fire posted:E: the good news here is that they cannot throw more money into the furnace or convince others to do so. BBBY was not the beginning of feeding this furnace and it won't be the end, I doubt many people whose initial exposure to the MOASS myth was with this stock will let their efforts end here. There's always another verge-of-bankruptcy company to chuck money at until the door slams shut.
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Oct 16, 2023 17:58
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It's kinda funny the money from these people probably mostly ending up in the hands of short sellers. In a way. When I don't think about the lives being destroyed.
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Oct 16, 2023 18:00
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Serious_Cyclone posted:BBBY was not the beginning of feeding this furnace and it won't be the end, I doubt many people whose initial exposure to the MOASS myth was with this stock will let their efforts end here. There's always another verge-of-bankruptcy company to chuck money at until the door slams shut. Granted this concept probably has a different name entirely when applied to groupthink granted
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Oct 16, 2023 19:28
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Boxturret posted:how long until they come up with the idea that if they send ryan cohen money directly it will count towards new stocks in Gmerica/teddy? Look, this road has already been paved by audiophile culture. The next step is to sell either outright fabricated stock certificates (physically printed, obviously), or some sort of accessory to add magic to the certificates you already own. Say, a plastic baggie filled with polished pebbles that you can tape to the stock to increase playback fidelity. Er, to increase clarity of the conduit to Ryan Cohen. They could even print in big bold letters on the fake certs "FOR ENTERTAINMENT PURPOSES ONLY - NOT AN ACTUAL SHARE", but if they are able to tie in some sort of mythos about how these fake certificates are physical proof of the shares you once held in a brokerage account before they vanished, and how you can use them later to assert the claim on your GMerica stocks, I bet they'd sell a lot. cruft fucked around with this message at 19:50 on Oct 16, 2023 |
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Oct 16, 2023 19:47
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Apes seem to think they can keep dying companies running (and go to the moon, etc. etc. etc.) just by buying stock, but do companies ever actually use proceeds from stock to fund business operations rather than it just going into investor pockets?
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Oct 16, 2023 19:58
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Dr. Quarex posted:Learning the concept of goal displacement was huge for me in thinking about why groups of idiots never seem to go away, even though goal displacement on its surface has nothing to do with groups of idiots per se. One person can learn her/his (usually his) dumb ideas had no merit and possibly reflect on them and be wiser as a result; a group of people with the same dumb idea will inevitably have a newer, dumber idea introduced for them to all glom onto once it becomes apparent the old one is false. It's amazing how the entire philosophy of apedom is predicated on "those evil hedgies are running companies into bankruptcy to feast on their corpses with short positions!" and then when BBBY goes bankrupt it switches to "all part of the plan, working in the shadows, the NOLs are worth their weight in gold, bullish!" Like literally the thing they waste their time and money on every single day to fight just happened to BBBY but this time it's different because reasons?
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Oct 16, 2023 20:01
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Mercury_Storm posted:Apes seem to think they can keep dying companies running (and go to the moon, etc. etc. etc.) just by buying stock, but do companies ever actually use proceeds from stock to fund business operations rather than it just going into investor pockets? Any stock these guys are buying is being sold by other investors so the company isn't going to make anything. Shockingly, they are delusional.
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Oct 16, 2023 20:03
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Mercury_Storm posted:Apes seem to think they can keep dying companies running (and go to the moon, etc. etc. etc.) just by buying stock, but do companies ever actually use proceeds from stock to fund business operations rather than it just going into investor pockets? That's complicated. With the approval of existing investors (through the board), companies can issue new stock to raise capital, diluting existing shares. This isn't commonly done because healthy companies tend to reinvest profit into future plans or take on debt to finance big projects. That debt is often backed by an instrument known as a preferred share, which gets prioritized payout in bankruptcy over a standard share. If the debt is paid, the preferred goes away, if not the investor the investor can convert to regular shares at a fixed value and sell. That typically means in the real world buying stocks and raising the price can hypothetically create liquidity as the stock price is used to calculate how much of this kind of debt is "too risky" by bond dealers.
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Oct 16, 2023 20:08
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Companies can issue new rounds of stock to fund operations, however, so it's not like it's pointless for a company to have a good stock price.
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Oct 16, 2023 20:09
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cruft posted:OMG you people were right, Rite Aid is bankrupt! Time to liquidate everything I own so I can buy stocks! you loving bastards! you have brought a goddamn curse upon us all! /s apparently they're going out of business because of all the opioid lawsuits filed against them 
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Oct 16, 2023 20:45
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Mercury_Storm posted:Apes seem to think they can keep dying companies running (and go to the moon, etc. etc. etc.) just by buying stock, but do companies ever actually use proceeds from stock to fund business operations rather than it just going into investor pockets? Gamestop made bank off the meme craze when it printed new shares at $80.
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Oct 16, 2023 21:03
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Boxturret posted:lol so wait, are these morons all QANON logic now. like gently caress man, you might as well as a plush toy for investment advice and then sit their and listen to multiple toys scream at each other over portfolio choices while your wife quietly packs the kids in the car.
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Oct 16, 2023 21:09
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Dapper_Swindler posted:so wait, are these morons all QANON logic now. like gently caress man, you might as well as a plush toy for investment advice and then sit their and listen to multiple toys scream at each other over portfolio choices while your wife quietly packs the kids in the car. They at one point were absolutely sure that something awesome was going to happen because in an announcement on a billboard in front of a building in Time Square, in one of the windows of the building behind the billboard, you could almost see something that you could kinda force yourself to believe was a teddy bear. QAnon logic is too close to real logic to describe these people's thought patterns.
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Oct 16, 2023 21:12
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Take the insane cultlike character of qanon and throw in a unhealthy dose of sunk cost fallacy
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Oct 16, 2023 21:19
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Neito posted:They at one point were absolutely sure that something awesome was going to happen because in an announcement on a billboard in front of a building in Time Square, in one of the windows of the building behind the billboard, you could almost see something that you could kinda force yourself to believe was a teddy bear. i mean i see my uncles qanon poo poo and its basicaly assassins creed for chuds. but yeah this seems like just trying like stupid insanity. like i am not an investment fincial guy and i am poo poo with money, but this poo poo seems insane.
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Oct 16, 2023 21:24
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Neito posted:QAnon logic is too close to real logic Let me just stop you right there.
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Oct 16, 2023 21:27
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Mercury_Storm posted:Apes seem to think they can keep dying companies running (and go to the moon, etc. etc. etc.) just by buying stock, but do companies ever actually use proceeds from stock to fund business operations rather than it just going into investor pockets? In theory yes - it's one of the core ways of raising money, the other being borrowing it as a loan. But that's issuing new shares rather than having existing shares being traded between individuals. In the UK, cash from issuing shares is specifically not distributable so you can't just pay it out to your shareholders. I assume the US and any western economy has similar types of protection? Of course you can still fritter away the money on say ludicrous salaries for the board, complex share option fuckery, etc...
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Oct 16, 2023 22:06
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bbby people are way less interesting than qanon with qanon you'll get "israel invaded the us through the canadian border in order to fight secret chinese forces" while bbby has "ryan cohen teddy bear"
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Oct 16, 2023 23:03
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Oh, there’s crossover. Plenty of Qanon posts about teddy revealing the hidden evils and everyone being part of the sekret plan.
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Oct 16, 2023 23:09
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mega dy posted:PP show subreddit highlights from today:  the more you know, or something?  blows my mind how every little thing MUST BE connected to their fantasy stock
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Oct 16, 2023 23:21
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Mercury_Storm posted:Apes seem to think they can keep dying companies running (and go to the moon, etc. etc. etc.) just by buying stock, but do companies ever actually use proceeds from stock to fund business operations rather than it just going into investor pockets?
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Oct 17, 2023 03:48
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onesixtwo posted:
At one point they were claiming the whole billionaire submarine was a sacrifice by the billionaire cabal to distract the public from the impending short squeeze. Also the whole Israel Palestine issue was manufactured to distract from their shares. Also pretty much anything in the news.
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Oct 17, 2023 04:47
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When it rains do they think its the hedgefund's weather control satellites attempting to cause floods to drive them from their homes?
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Oct 17, 2023 04:51
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Boxturret posted:When it rains do they think its the hedgefund's weather control satellites attempting to cause floods to drive them from their homes? Rain falls the sky That means stocks are going to fall GET READY TO BUY THE DIP BOYS
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Oct 17, 2023 04:54
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