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Sadly not but that sounds like a good pitch!
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Jan 30, 2021 02:39
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Galewolf posted:Good morning esteemed gentleman Jean DeFluyten, would you like to buy this drawing of a bulb of fine tulip for 500 gulderns? Worked for Star Citizen.
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Jan 30, 2021 02:43
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Flannelette posted:Worked for Star Citizen. And they got the money from the rich and gave to a poor game designer!
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Jan 30, 2021 02:45
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Lister posted:AMC has the bonus of potential to bounce back when people are confident to go back to theaters. I don't think that one is an outlandish investment at its current price. Carnival is in the same boat but literally no one is memeing about it so it's still struggling. I did some robinhood during the pandemic and got into cruise lines so if someone could meme those that would be great.
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Jan 30, 2021 02:46
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Grevlek posted:I did some robinhood during the pandemic and got into cruise lines so if someone could meme those that would be great. Millennials don't like cruz ships my dude. You need to invest in memes.
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Jan 30, 2021 02:50
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Klyith posted:It's not a random tweet, it's a CNBC tweet about a CNBC show that CBNC wants people to watch. Therefore CNBC paid twitter to promote the tweet about the show. The gamestop thing is the hot topic of the day. It's on the evening news. If godzilla was attacking tokyo, they'd be promoting tweets about their godzilla-attack coverage. It’s not exactly random, its making a statement on the position of a specific hedge fund, in a specific equity. Are you arguing this is normal financial chatter?
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Jan 30, 2021 04:17
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Lister posted:AMC has the bonus of potential to bounce back when people are confident to go back to theaters. I don't think that one is an outlandish investment at its current price. Carnival is in the same boat but literally no one is memeing about it so it's still struggling. If AMC makes it to the point of most people being vaccinated and there isn't some other stupid strain that hits, they would most definitely bounce back. Pretty much everything should begin taking in profits compared to the previous year at the very least. Vacation based industries would probably be the largest boon I'd imagine. Vegas will likely be bonkers once poo poo gets going and people have some of that stimulus money left.
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Jan 30, 2021 04:26
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Flowers for QAnon posted:It’s not exactly random, its making a statement on the position of a specific hedge fund, in a specific equity. Are you arguing this is normal financial chatter? Sure it's normal financial news when a stock is going bonkers to report on why the stock is bonkers and any info relevant to what it might do in the future. Inside the video and on CNBC's site it makes clear that this statement is according to the hedge fund manager: "the hedge fund’s manager told CNBC’s Andrew Ross Sorkin" "CNBC could not confirm the amount of losses Melvin Capital took on the short position" "Sorkin said [the hedge fund manager] told him that speculation about a bankruptcy filing is false" "according to General Akira, nuclear weapons will be 100% effective against the giant monster" ... no wait wrong story If everyone at the hedge was saying no comment they'd report that. The hedge fund manager could of course be lying, but if so he's escalated from losing several billion dollars to an actual criminal case, plus lawsuits from the fund investors. And I actually love the idea of congress opening an investigation into robinhood, because I think robinhood has been super taking advantage of uninformed people for a long time and would love to see any dirt that gets dug up from them. I just don't think that randos on twitter or wallstreetbets that are saying the hedge is still short and that further buys of GME will force them to buy it even higher are true. I think those randos are far more likely to be conspiracy-minded crazies or people seeking to manipulate the price higher to make money themselves.
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Jan 30, 2021 04:48
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Klyith posted:Sure it's normal financial news when a stock is going bonkers to report on why the stock is bonkers and any info relevant to what it might do in the future. Wait what? https://www.cnbc.com/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html
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Jan 30, 2021 04:56
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Important thing to remember: Wallstreet people are: Always corrupt Always collude Always lie And will ALWAYS do the thing that makes them more money. It makes anything coming out of it on the news easier to understand.
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Jan 30, 2021 05:13
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Flowers for QAnon posted:It’s not exactly random, its making a statement on the position of a specific hedge fund, in a specific equity. Are you arguing this is normal financial chatter? He's arguing that it's normal advertisement chatter. "Hey come watch our show where we talk about X" is a normal advertisement that news shows run to draw and more viewers. They run ads like these literally every day Like consider if the advertisement was announcing the winner of a sports game, this tweet would be saying "CNBC is now running ads bragging that the Bulls won. Why would you spend money to convince public that the Chicago Bulls are a good team. They won, good for them. Why are they running ads" The subject of the story isn't really relevant to the existence of the ad, they're just trying to get people to come and watch their news show
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Jan 30, 2021 05:23
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teardrop posted:Call me salty but I really don’t feel like I missed much by staying out of this. So there are 500 people posting how they hit the jackpot, there 5mil people on WSB and most of those are buying at $300 and won’t sell until $100. I like that they took money from a hedge fund, but am rolling my eyes over them using “hodl out of spite” as an excuse to keep the bagholders propping things up as people take money out. Correct! With this sort of nonsense, the people making the money got in on it months ago. By the time the general public hear about it and start leaping on the bandwagon, it's already too late to be investing. You'd be trying to get in on the ground floor during the appropriately named 'mania' phase, which isn't going to end well. 
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Jan 30, 2021 05:32
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lol check out this fool whose feeble mind is unable to grasp the fact that USD is going to be replaced by shares in AMC and Gamestop in the new world order you'll be screaming at my golden flying fortress begging for scraps but I won't be able to hear you because it has an AMC theater with dolby surround sound inside and a separate gamestop for every console
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Jan 30, 2021 05:36
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teardrop posted:Call me salty but I really don’t feel like I missed much by staying out of this. So there are 500 people posting how they hit the jackpot, there 5mil people on WSB and most of those are buying at $300 and won’t sell until $100. I like that they took money from a hedge fund, but am rolling my eyes over them using “hodl out of spite” as an excuse to keep the bagholders propping things up as people take money out. Why would anyone feel like they missed out on something like this?
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Jan 30, 2021 05:36
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RestingB1tchFace posted:Why would anyone feel like they missed out on something like this? I made a good chunk of money in 24 hours buying and selling Blockbuster stock in 2021 lol. Right now you can literally bet on human insanity and it's as close to a sure thing as there's been for awhile.
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Jan 30, 2021 05:43
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MinutePirateBug posted:Wait what? this is the story in the promoted tweet that started this convo: https://www.cnbc.com/2021/01/27/hedge-fund-targeted-by-reddit-board-melvin-capital-closed-out-of-gamestop-short-position-tuesday.html What that story you've linked is saying is that the stock is still heavily shorted (presumably by people other than Melvin), including new shorts who looked at the insanely high bubble prices over the last 2 days and hammered the short button. That means there's still potential to short squeeze more... but think about the math. Moving GME from $40 to $400 produced a massive squeeze because it went up by 10 times, not because it went up by $360. Just doubling the price from what it is now wouldn't have nearly the same effect. So to get the same run the redditors would need to pump the stock into the thousands, which I doubt they have the dosh to do.
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Jan 30, 2021 05:46
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Klyith posted:
You'd think that but then this is reddit we're talking about they'll find someone to get the money for the lols.
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Jan 30, 2021 06:00
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I for one welcome our new GameStop overlords
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Jan 30, 2021 06:14
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Klyith posted:this is the story in the promoted tweet that started this convo: I do not know what is going on. Everyone is effectively blind, they have insufficient data to tell them what is going on. I would like to know what is going on though.
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Jan 30, 2021 06:16
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Klyith posted:The hedge fund manager could of course be lying, but if so he's escalated from losing several billion dollars to an actual criminal case, plus lawsuits from the fund investors. Consider, that if Mr. Simpson had indeed killed Ms. Brown and Mr. Goldman, that lying about it would constitute perjury, which would only place him in further legal jeopardy, giving him no rational reason to do so.
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Jan 30, 2021 06:23
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Jan 30, 2021 06:29
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The best part is when nerds start supporting the crap out of gamestop stores directly and it ends up not a meme. Linus apparently underestimated the meme, now he must buy 50,000$ of gamestoink. (He said he would 5x WANshow superchat contributions and he had to lock it at 10k)
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Jan 30, 2021 06:34
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Klyith posted:this is the story in the promoted tweet that started this convo: I read that the cost of borrowing shares for shorting has risen massively so I don’t think new shorts will want to hold for that long.
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Jan 30, 2021 06:37
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Pistol_Pete posted:Correct! With this sort of nonsense, the people making the money got in on it months ago. By the time the general public hear about it and start leaping on the bandwagon, it's already too late to be investing. You'd be trying to get in on the ground floor during the appropriately named 'mania' phase, which isn't going to end well. The Nytimes just posted this lol: 
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Jan 30, 2021 07:12
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Pistol_Pete posted:The Nytimes just posted this lol: It is the same curve but much accelerated. Being in it just a week ago even still would make you “early”
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Jan 30, 2021 07:19
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its hard to compare when currency/market controls is shaping the pattern, and not just enthusiasm but it IS an awfully textbook example of that equity motion lol 
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Jan 30, 2021 07:21
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Yeah, the 'mania' phase has developed over the course of a single week, which is pretty crazy. I guess it's a mix of modern communications and too many people stuck at home with nothing to do.
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Jan 30, 2021 07:28
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sweet thursday posted:I made a good chunk of money in 24 hours buying and selling Blockbuster stock in 2021 lol. Right now you can literally bet on human insanity and it's as close to a sure thing as there's been for awhile. There is plenty to be made in the OTC.
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Jan 30, 2021 07:35
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Oof. Doge is trending back to its sub penny value and the coiners are taking it rough. Apparently a pump and dump?
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Jan 30, 2021 09:09
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I made 11 bucks on AMC and will be smug for the rest of my life.
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Jan 30, 2021 09:20
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FilthyImp posted:Oof. Doge is trending back to its sub penny value and the coiners are taking it rough. Apparently a pump and dump? It doesn’t have the short squeeze aspect or the “everyone I watch on youtube is talking about this” news coverage. It was always a pointless punp and dump. The only real question is how long it would last. Its not getting nearly the coverage the stocks are and seems like it wont. Or it’s going to recover overnight as people buy the dip and dogecoin will be evening news Monday night.
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Jan 30, 2021 09:21
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Do you guys have a set ceiling for when you plan to sell? I am completely new to all this
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Jan 30, 2021 09:25
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FilthyImp posted:Oof. Doge is trending back to its sub penny value and the coiners are taking it rough. Apparently a pump and dump? I follow my home country reddit-like websites and people saying things like "this [loss you are facing now from Doge] wouldn't have happened if you invested in trusty crypto like bitcoin instead" which is extremely 
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Jan 30, 2021 09:25
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Why, even under the best of circumstances, would you buy something called Dogecoin.
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Jan 30, 2021 09:54
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FilthyImp posted:Oof. Doge is trending back to its sub penny value and the coiners are taking it rough. Apparently a pump and dump? You can get dogecoin on exchanges too of course, but on most you'll have to buy bitcoin and then convert the bitcoin to dogecoin while the prices for both are fluctuating the entire time. They may not have instant deposit available either. It creates a very different psychology. Now new users can't be like "I want to buy this dip, I'll just deposit $100 and do it". Whatever cash you want to deposit now won't be available for 3-5 days.
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Jan 30, 2021 09:57
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Heath posted:Why, even under the best of circumstances, would you buy something called Dogecoin. What if you're actually an Italian merchant living in Venice during the Renaissance? Then I bet you'd be pretty eager to buy Dogecoins QED dogecoin is going to the moon
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Jan 30, 2021 10:01
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Heath posted:Why, even under the best of circumstances, would you buy something called Dogecoin. The hardest part is having this conversation with normie friends and family: -Hey, what is this Dogecoin thing, can we invest in it? -Um, it's a meme crypto. -What's a "meme" and what's a "crypto"?  This is the current level of normie-ness we operate in. It is hard to resist FOMO during the pump because everyone around you talks about making sick gains in half a day. People don't talk about their losses as much as their gains so there is a bias on information you hear.
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Jan 30, 2021 10:12
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FilthyImp posted:Oof. Doge is trending back to its sub penny value ... Apparently a pump and dump? oh word? e: Mr Ice Cream Glove posted:Do you guys have a set ceiling for when you plan to sell? I am completely new to all this If you're asking questions like that it's probably time to bail. DickParasite fucked around with this message at 10:26 on Jan 30, 2021 |
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Jan 30, 2021 10:21
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Galewolf posted:The hardest part is having this conversation with normie friends and family: https://www.youtube.com/watch?v=myxMEwyilqo&t=41s
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Jan 30, 2021 10:24
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This. As an added bonus: "meme" means "boob" in my mother language so all these conversations become even more entertaining. Boob stocks.
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Jan 30, 2021 10:26
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