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Why is the thread title not "Planet of the Apes"?
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Sep 29, 2023 00:15
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Bonzo posted:So it's QAnon but for stocks. Got it. That’s actually a really good way to put it, yeah, exactly.
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Sep 29, 2023 00:29
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What floors me most about the stonk culture is the whole idea of "due diligence" and "doing your own research". As if random schmo's are somehow going to outsmart the wealthiest entities on the planet by looking at information that is available for free on the internet.
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Sep 29, 2023 01:17
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Impossibly Perfect Sphere posted:What floors me most about the stonk culture is the whole idea of "due diligence" and "doing your own research". As if random schmo's are somehow going to outsmart the wealthiest entities on the planet by looking at information that is available for free on the internet. obviously the real truth about vaccines, the shape of the earth, jews, and stocks can only be found on youtube and sometimes 4chan
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Sep 29, 2023 01:21
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just do insider trading, they basically never catch anyone who does insider trading
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Sep 29, 2023 01:22
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Bad Purchase posted:just do insider trading, they basically never catch anyone who does insider trading thank you senator
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Sep 29, 2023 01:28
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Oh how I long for simpler times when trading meme stock meant pretending to speculate on rare Pepe's and it wasn't actually real.
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Sep 29, 2023 01:42
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All the rare Pepes deprecated in value sometime around 2015.
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Sep 29, 2023 02:30
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Cantorsdust posted:It’s not as hard as you think. My general advice would be if you want to save long term and don’t need the money soon, and you’re willing to tolerate short term dips in value, you should buy stock index funds. This can be as simple as opening an account at Vanguard and buying an index fund. Options could be something like: Ariong posted:IMO if you do anything with the stock market other than putting your money in a boring index fund that grows with the market as a whole you are essentially gambling, because if you try to beat the market then you are competing against people and programs that the richest people in the world have invested trillions of dollars into. The only way to beat that is to get lucky. Thank you both. After all the very practical responses to my post I feel like I have a clear idea forming on how to start managing my savings moving forward. NFT Apes.
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Sep 29, 2023 03:22
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Lt. Cock posted:Thank you both. After all the very practical responses to my post I feel like I have a clear idea forming on how to start managing my savings moving forward. That ariong post you quoted was really good. I couldn't think of a funny enough way to say this, so I edited it out, but I'm gonna say it now!
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Sep 29, 2023 03:27
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Impossibly Perfect Sphere posted:What floors me most about the stonk culture is the whole idea of "due diligence" and "doing your own research". As if random schmo's are somehow going to outsmart the wealthiest entities on the planet by looking at information that is available for free on the internet. also dont forget that financial firms fight to have the shortest optical fiber to data centers because they all assume correctly that the public(and private) info game is basically tapped out so its literally just geometry and physics that gives advantages.
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Sep 29, 2023 03:39
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coolusername posted:You miss the point: we have to defeat the hedgie fuks and [checks smudged notes scrawled on eviction notice] save the world by exposing something dark pools something shorting blockbuster to death? Too early for a thread title change but “No. do something else” is pretty good
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Sep 29, 2023 04:59
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"apes together strong" I blubber through tears while our lawyers finalize the divorce.
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Sep 29, 2023 05:08
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Lt. Cock posted:Thank you both. After all the very practical responses to my post I feel like I have a clear idea forming on how to start managing my savings moving forward. No better time to get in, their value can only go UP UP UP!
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Sep 29, 2023 05:19
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Dr. Quarex posted:I remember when I was like 10 I thought the stock market worked like these people do, and I definitely thought every stock paid out big dividends and so all you had to do was buy a bunch of stocks and you were guaranteed to make your money back if you waited long enough You can still buy railroad stocks that pay out significant dividends. Share price is usually a couple hundred bucks though, and volatility is effectively nil, so no way to really meme it
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Sep 29, 2023 05:30
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Neito posted:It's interesting because it's a practical demonstration of the Libertarian/Ultracapitalist-but-not-rich mentality that the rules of capitalism are not like the rules of physics: they can and will be changed at a moment's notice if it benefits the people with the most money. Not sure what your phrasing meant there, but it's been pretty clear over the years that the libertarian/ultracapitalist-but-not-rich mentality IS that the rules of capitalism are supposed to be like the laws of physics, immutable and built into the universe, and they're constantly dumbfounded when the rules are changed or ignored without blinking for the benefit of the people actually in charge. They bought into all of the cold war capitalist ad copy completely. yoloer420 posted:The Sears thing is really interesting. These people are trying to get in on a company which from what I can tell is currently having the last of it's assets liquidated. At this point the more broke, obsolete and worthless a company is the more they think they can somehow get rich from it. It's pretty much cargo cult vulture capitalism. Impossibly Perfect Sphere posted:What floors me most about the stonk culture is the whole idea of "due diligence" and "doing your own research". As if random schmo's are somehow going to outsmart the wealthiest entities on the planet by looking at information that is available for free on the internet. Also an important part is they genuinely believe this, yes, that they are the cool and flexible whiz kid who outsmarts the old and crusty fossils with their hustle and grind. A key part of the modern capitalist mythology is finding the secret hack that makes every enterprise suddenly start pouring out unlimited money with unlimited growth.
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Sep 29, 2023 05:30
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Ghost Leviathan posted:
  Sears, Blockbuster, Toys r Us are amongst the companies that will be revived by the glorious bed bath and beyond revolution to defeat Amazon.
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Sep 29, 2023 05:58
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There is no reason to buy index funds anymore brokerage fees are zero and there are 5 companies that matter in the current economy. Meme stocks worked beiefly because nobody with money cared. Wide market is just a big list of crusty old dogshit.
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Sep 29, 2023 06:18
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5 companies, that's ridiculous. There's like, seven
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Sep 29, 2023 11:54
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Sorta of weird that we have Ah well best not to think about it, that's just the life I guess.
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Sep 29, 2023 12:04
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Today could be the day the stock gets cancelled!
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Sep 29, 2023 12:42
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They're also going to buy Papa Murphy's. It makes no sense not to.
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Sep 29, 2023 12:56
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Impossibly Perfect Sphere posted:What floors me most about the stonk culture is the whole idea of "due diligence" and "doing your own research". As if random schmo's are somehow going to outsmart the wealthiest entities on the planet by looking at information that is available for free on the internet. This is just the overlap they have with conspiracy theorists in general and the more recent flavor of Q-Anon types in particular. "Do your own research" is a rallying cry among those types, with a lot of lip service about democratizing information and learning for yourself. The problem is that they ignore that research is: 1) a lot of work 2) an actual real skill that, while you can learn it yourself, benefits a lot from training 3) if you're researching a specialist topic you 100% need to have expert-level knowledge on it to do any meaningful research 4) often requires access to resources that your average person does not. Which all boils down to a bunch of people who think googling is the same as researching digging around online until they find a crackpot website that will validate their pre-existing beliefs. It's also a way of discrediting people who actually listen to advice from experts, because clearly the person listening to the person who's spent his entire life studying the economy / infectious disease / civil engineering / the law / whatever are the credulous sheeple who blindly trust the so-called experts. But the person with a bachelor's degree in English Lit who spent an afternoon googling up (and likely misunderstanding) weird studies from no-name research centers that say vaccines will make you impotent? THAT person is a brave intellectual doing their own research. Basically it's just a way to de-value academic training and true subject matter expertise so that any random bad opinion someone has is just as valid and correct. You see this pattern in everything from Holocaust deniers to flat earthers to 9/11 truthers to, of course, your run of the mill anti vaxxer or other flavor of COVID werido.
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Sep 29, 2023 13:15
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r/BBBY hopium is currently relying on the notion that a stock being 'canceled' is fundamentally different from one being 'deleted', and BBBY is slated for the much more prestigious and strategically meaningful 'canceled' designation.
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Sep 29, 2023 14:37
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Ghost Leviathan posted:Not sure what your phrasing meant there, but it's been pretty clear over the years that the libertarian/ultracapitalist-but-not-rich mentality IS that the rules of capitalism are supposed to be like the laws of physics, immutable and built into the universe, and they're constantly dumbfounded when the rules are changed or ignored without blinking for the benefit of the people actually in charge. They bought into all of the cold war capitalist ad copy completely. Yeah, I hosed up and typed it wrong. I meant basically what you said, just said it poorly because I was distracted.
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Sep 29, 2023 14:37
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Serious_Cyclone posted:r/BBBY hopium is currently relying on the notion that a stock being 'canceled' is fundamentally different from one being 'deleted', and BBBY is slated for the much more prestigious and strategically meaningful 'canceled' designation. Well yeah, being "cancelled" just means it will be sent to the SHADOW REALM, where it will be more powerful than ever
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Sep 29, 2023 14:56
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Mercury_Storm posted:Well yeah, being "cancelled" just means it will be sent to the SHADOW REALM, where it will be more powerful than ever "cancelled" just means BBY said something racist and needs to write an op-ed about their drinking problem and then go to a luxury resort detox clinic for a couple of weeks. Give them a month and they'll be back stronger than ever.
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Sep 29, 2023 15:25
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 sell button got turned off
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Sep 29, 2023 17:14
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Trillhouse posted:
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Sep 29, 2023 17:24
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You know what's a little weird when you think about it, is that at some point today one person similar to myself will change one single letter on a database and that change will prevent all trades in those shares occurring from them on. I find it odd at times that so much can be done by such a small action.
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Sep 29, 2023 17:26
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This is a new level of sad.
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Sep 29, 2023 17:26
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Shares canceled and unable to either buy or sell? Bullish!
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Sep 29, 2023 17:30
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i hope overstock or whatever company switched to the BBB url and branding switches back to its old name because its dumb as gently caress. also they should still accept mah coupons.
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Sep 29, 2023 17:30
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and thus, just as the BBBYQ stock price hit negative infinity due to a market glitch The Hedgies never accounted for, the loyal apes who did DRS their stock became as gods and the lambos flowed like water to the earth
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Sep 29, 2023 17:31
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I wonder if they'll do a MtGOX and start trading their unsellable shares between each other, like seek out anyone with shares and pay them money now with a legally binding agreement that when, inevitably, the stock rises like a phoenix and gets relisted they'll sell them the shares.
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Sep 29, 2023 17:45
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Am I misremembering or does this whole cultural phenomenon have its roots in a website meant to trade Magic the Gathering cards?
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Sep 29, 2023 17:53
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N. Senada posted:Am I misremembering or does this whole cultural phenomenon have its roots in a website meant to trade Magic the Gathering cards? MtGOX was Magic the Gathering Online eXchange, but I'm not sure there's a strong link between that and the BBBYQ stuff.
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Sep 29, 2023 17:56
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Is the domino meme, the little one is “guys inflating the value of MtG cards” and the last one is the crypto land YouTube vid
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Sep 29, 2023 18:31
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Almost: MtGOX was for selling "cards" for the Magic the Gathering Online program, not physical cards. Whether that makes the whole thing dumber or not is left as an exercise for the reader.
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Sep 29, 2023 19:33
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Fenrisulfr posted:Almost: MtGOX was for selling "cards" for the Magic the Gathering Online program, not physical cards. Whether that makes the whole thing dumber or not is left as an exercise for the reader. The original NFT marketplace
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Sep 29, 2023 19:37
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