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  • #1381
    Originally posted by BassAle View Post

    every time I look at Tesla I think it would be dumb to get in at that price. and then it goes up more.

    i almost got in when it was down while there was talk of them potentially going bankrupt. It was like $200 then. Then the crazy run up to > $2000 happened, the 5:1 split and then the run back up to almost $900
    Never ever regret missing something that's propped up by a cult.

    I'm only angry about three misses:
    1. Chipotle immediately after the food-borne illnesses. I was ready to dump a couple grand into this. It was such an opportunity and I never followed through. This one hurts the most.
    2. Facebook 6 months after the IPO. I had this strategy talked over with my dad and I just didn't end up following through.
    3. Target just after the pandemic hit

    Yeah, I could talk about missing Apple and Tesla, but I don't think they're misses. They didn't fit with my portfolio, my portfolio already has a lot of Apple because of the index funds, and I still think Tesla is a crock of ****.

    I'm hesitant to get into any individual stock becuase I just don't do enough research on them to accept the risk. I've always liked Cramer's rule of one hour per week per stock. I have held McDonalds since it was like $10 and my company's stock because it's basically a small index fund in itself. That's about it. My dad has suggested I need to get a brokerage going because I'm going to start hitting 401(k) caps and I need to get more money in non-tax-advantaged accounts for some extra liquidity.

    I'm still thinking about getting in on Twitter though. I just see that as the platform moving forward over Facebook. "People" and organizations no longer use Facebook to communicate. It's dead. Twitter, on the other hand, is the platform. I don't see that changing any time soon. I just don't. And right now is the time to get in after its "trump correction".
    Code:
    As of 9/21/10:         As of 9/13/10:
College Hockey 6       College Football 0
BTHC 4                 WCHA FC:  1
    Originally posted by SanTropez
    May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
    Originally posted by bigblue_dl
    I don't even know how to classify magic vagina smoke babies..
    Originally posted by Kepler
    When the giraffes start building radio telescopes they can join too.
    He's probably going to be a superstar but that man has more baggage than North West

    Comment

    • #1382
      Originally posted by BassAle View Post

      Some at least seem to be aware there will be an investigation:
      "This isn't an armed robbery. It's a normal transaction that's just taking place at gunpoint"
      Code:
      As of 9/21/10:         As of 9/13/10:
College Hockey 6       College Football 0
BTHC 4                 WCHA FC:  1
      Originally posted by SanTropez
      May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
      Originally posted by bigblue_dl
      I don't even know how to classify magic vagina smoke babies..
      Originally posted by Kepler
      When the giraffes start building radio telescopes they can join too.
      He's probably going to be a superstar but that man has more baggage than North West

      Comment

      • #1383
        Originally posted by Handyman View Post

        Actually you underestimate how many people in the financial industry probably are gamers. If this was some other venture I would agree but in this case I would bet they have their ducks in a row.

        And you give the SEC WAY too much credit.

        This will likely not work very much in the future but if they pick and choose their spots I wouldn't be surprised to see it again. Things like this have been run for hundreds of years they just find better ways to hide it. There will always be ways to (pardon the pun) game the system in ways like this. This is just the first time it was crowdsourced. Usually they do it to each other ;^)

        Man some students and I in my MBA classes discussed stuff like this in the hypothetical but never thought I would see it in practice. It is an expensive and risky venture...which is why crowdsourcing is smart. Again though it will end up co-opted.
        The hedge funds would sell their parents if it made money. They don't care about the actual companies they trade. They care about the profits they can make. If that means burning a company to the ground, **** 'em.
        Code:
        As of 9/21/10:         As of 9/13/10:
College Hockey 6       College Football 0
BTHC 4                 WCHA FC:  1
        Originally posted by SanTropez
        May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
        Originally posted by bigblue_dl
        I don't even know how to classify magic vagina smoke babies..
        Originally posted by Kepler
        When the giraffes start building radio telescopes they can join too.
        He's probably going to be a superstar but that man has more baggage than North West

        Comment

        • #1384
          Originally posted by Kepler View Post
          CNBC talking about the SEC getting involved. "A fair market for institutional and retail investors" is fine as long as the institutional investors always win.

          I'm under no illusions that the reddit GME tactic is a Good Thing or healthy or even that it will end without catastrophe for some (many? most?) of the day traders. And judging by their posts I'd say a large percentage of those traders are the type of sad sack Incel who posts Pepe memes and votes for Dump. And again, going by the reddit thread, the drumbeat of a pump and dump con is clearly discernable underneath the political talk.

          But we are also going to get another lesson how rigged everything is for the 1%, or more exactly the .01%. The business channels are reacting like a cross between Marie Antoinette and Pinochet.
          All the talk is Big Bad Reddit, but CNBC had no qualms about passing along the news overnight that Melvin dropped their GME shorts which caused the premarket price to drop over $100 from its high...

          Go Green! Go White! Go State!

          1966, 1986, 2007
          Go Tigers, Go Packers, Go Red Wings, Go Pistons

          Comment

          • #1385
            Originally posted by dxmnkd316 View Post

            wooooooooooooooooooooooooooooooooooooooooooooooooo oosh. :-d
            Emoticons are your friend...even if this board is from 1999 and doesn't allow them ;^)
            "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
            -aparch

            "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
            -INCH

            Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
            -ScoobyDoo 12/17/2007

            Comment

            • #1386
              Originally posted by Spartanforlife4 View Post

              All the talk is Big Bad Reddit, but CNBC had no qualms about passing along the news overnight that Melvin dropped their GME shorts which caused the premarket price to drop over $100 from its high...
              Which is funny, because there are a lot of people calling BS on Melvin getting out.
              Code:
              As of 9/21/10:         As of 9/13/10:
College Hockey 6       College Football 0
BTHC 4                 WCHA FC:  1
              Originally posted by SanTropez
              May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
              Originally posted by bigblue_dl
              I don't even know how to classify magic vagina smoke babies..
              Originally posted by Kepler
              When the giraffes start building radio telescopes they can join too.
              He's probably going to be a superstar but that man has more baggage than North West

              Comment

              • #1387
                Originally posted by dxmnkd316 View Post

                The hedge funds would sell their parents if it made money. They don't care about the actual companies they trade. They care about the profits they can make. If that means burning a company to the ground, **** 'em.
                That is why it is risky. The hedge funds/brokerages can afford to burn the money usually and the others can't. The people who buy too high on this little scheme are gonna get burned HARD. This is like an updated version of the scam from the film Boiler Room. Hell it isnt that far off from the con Bud Fox runs on Gordon Gecko...

                Hey if you get in early on a Ponzi Scheme you can make some decent coin. Just make sure to get out early ;^)

                FWIW I would never be a part of this...but it is fun to watch and talk about.
                "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                -aparch

                "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                -INCH

                Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                -ScoobyDoo 12/17/2007

                Comment

                • #1388
                  Originally posted by dxmnkd316 View Post

                  Which is funny, because there are a lot of people calling BS on Melvin getting out.
                  Insofar as I could follow it they pointed out that the volume of trades by institutional investors trying to drive the price back down are the same as yesterday, indicating that Melvin is still desperately trying to save their position.

                  Would it be illegal for Melvin to lie that they were out or is this just another way the rich are above the law?
                  Cornell University
                  National Champion 1967, 1970
                  ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                  Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                  Comment

                  • #1389
                    Originally posted by Spartanforlife4 View Post

                    All the talk is Big Bad Reddit, but CNBC had no qualms about passing along the news overnight that Melvin dropped their GME shorts which caused the premarket price to drop over $100 from its high...
                    I like CNBC but they are, and always have been, a tool of the brokerages and funds to rig the game a bit more in their favor. Fox Business is way worse about it but CNBC is definitely covered in fleas as well.
                    "It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
                    -aparch

                    "Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
                    -INCH

                    Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
                    -ScoobyDoo 12/17/2007

                    Comment

                    • #1390
                      Originally posted by Handyman View Post
                      FWIW I would never be a part of this...but it is fun to watch and talk about.
                      I think of all Day Trading as some version of this only boring. I would never go near it. (1) It's gambling and I don't gamble, and (2) the House always wins. Either they fleece you on the floor of the casino (Wall Street) or they roll you in the parking lot (the courts) afterwards.
                      Last edited by Kepler; 01-27-2021, 12:56 PM.
                      Cornell University
                      National Champion 1967, 1970
                      ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                      Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                      Comment

                      • #1391
                        Originally posted by Handyman View Post

                        I like CNBC but they are, and always have been, a tool of the brokerages and funds to rig the game a bit more in their favor. Fox Business is way worse about it but CNBC is definitely covered in fleas as well.
                        During the Bailout they dropped all pretense. They were (are) the Baghdad Bob of the 1%.

                        Cornell University
                        National Champion 1967, 1970
                        ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                        Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                        Comment

                        • #1392
                          I'm seeing a lot of these morons post that they are in at like $350-$370 for a few $k. It's already down to $330.

                          If every single person bought exactly one share, the losses would be spread out somewhat. But someone is going to buy the share at its peak and that person gets ****ed the hardest. It won't be a hedge fund, it will be one of these morons on reddit. It also sounds like several large platforms are halting trading (TD Ameritrade, something called T212). This is why you lose. Every time. The hedge funds go to CNBC and the retail trading platforms. Reddit is at their mercy. You will lose. The only way to win is not to play.

                          I did see something interesting though that caught my eye. This idea of the small guys collectively ****ing the big guy is getting a lot of play. The seeds of collective bargaining are being planted.
                          Code:
                          As of 9/21/10:         As of 9/13/10:
College Hockey 6       College Football 0
BTHC 4                 WCHA FC:  1
                          Originally posted by SanTropez
                          May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                          Originally posted by bigblue_dl
                          I don't even know how to classify magic vagina smoke babies..
                          Originally posted by Kepler
                          When the giraffes start building radio telescopes they can join too.
                          He's probably going to be a superstar but that man has more baggage than North West

                          Comment

                          • #1393
                            One of the stocks the redditers are rocketing isNational Beverage, makers of Shasta and... Faygo!

                            Q meets ICP.
                            Cornell University
                            National Champion 1967, 1970
                            ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                            Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                            Comment

                            • #1394
                              Originally posted by dxmnkd316 View Post
                              I'm seeing a lot of these morons post that they are in at like $350-$370 for a few $k. It's already down to $330.
                              Yeah, but it's volatile, so for all we know it will close at $500, dip overnight to $250, then go to $700 tomorrow.

                              The only certainty is eventually it will crater and the folks who are left will lose their shirts. But perhaps in the meantime they can bankrupt the Mets!

                              Wait. What?
                              Cornell University
                              National Champion 1967, 1970
                              ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
                              Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020

                              Comment

                              • #1395
                                Originally posted by Kepler View Post

                                Yeah, but it's volatile, so for all we know it will close at $500, dip overnight to $250, then go to $700 tomorrow.

                                The only certainty is eventually it will crater and the folks who are left will lose their shirts. But perhaps in the meantime they can bankrupt the Mets!

                                Wait. What?
                                This is all fun to watch, like the oil spot price last year.
                                Code:
                                As of 9/21/10:         As of 9/13/10:
College Hockey 6       College Football 0
BTHC 4                 WCHA FC:  1
                                Originally posted by SanTropez
                                May your paint thinner run dry and the fleas of a thousand camels infest your dead deer.
                                Originally posted by bigblue_dl
                                I don't even know how to classify magic vagina smoke babies..
                                Originally posted by Kepler
                                When the giraffes start building radio telescopes they can join too.
                                He's probably going to be a superstar but that man has more baggage than North West

                                Comment

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