The Investment Thread (13 Viewers)

DaveXA

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I would say ‘fair enough’ about the point of evidence versus conclusion but I’m not convinced that you’re right that there isn’t any of that kind of conjecture going on - but I don’t know enough to say so I can’t really disagree. Though I don’t think a BTC/GME correlation is particularly surprising.
There's definitely plenty of conjecture going on, but I think there are good reasons why that's happening. It's exaggerated sometimes, but there are legitimate concerns with how the big hedge funds and institutional investors attempt to manipulate the markets.
 
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Good read on what happened to GME and likely other stonks this morning

 

Saintaholic

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People love a good "man behind the curtains" type story, so it's easy to latch on to this being similar to Occupy Wall street or whatever. Now it's just 'beating them at their own game'. We'll see.

Starting to get the sense that you don't like these stocks too much, almost like you're rooting against it out of fear of having missed out on them.
 

Saintaholic

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I would say ‘fair enough’ about the point of evidence versus conclusion but I’m not convinced that you’re right that there isn’t any of that kind of conjecture going on - but I don’t know enough to say so I can’t really disagree. Though I don’t think a BTC/GME correlation is particularly surprising.

Hedge funds under duress are indeed going to have to liquidate other holdings to meet or avoid margin calls or produce revenue to offset other bad bets. I don't think it's conspiracy theory stuff at all for those of us that have paid extremely close attention to this thing every single day and have watched the chart patterns all work in an interconnected fashion.
 
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Saint_Ward

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Starting to get the sense that you don't like these stocks too much, almost like you're rooting against it out of fear of having missed out on them.
No, I don't care. Make your money. my only play account is an IRA and it's a challenge to make moves quick enough to catch pricing changes within a day, let alone even a couple days. I'm poking fun at those that are just following along and have no clue what they're doing. I don't count you in that group.

But, overall, to think that this is sound investing strategy or that this won't come crashing down at some point is just foolhardy.

There is so much BS being pushed that sounds like insider info, it's just nuts. Every few years there is some sort of technical feeding frenzy that has absolutely nothing to do with an underlying business. This isn't getting in on AMZN back in the day at a low price seeing future growth, or getting lucky. This is sort of market manipulation to me, but to be fair, I'm not paying that much attention.
 

superchuck500

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Hedge funds under duress are indeed going to have to liquidate other holdings to meet or avoid margin calls or produce revenue to offset other bad bets. I don't think it's conspiracy theory stuff at all for those of us that have paid extremely close attention to this thing every single day and have watched the chart patterns all work in an interconnected fashion.

I wasn't talking about that - or anything that is directly related to the mechanics of the hedge funds' short positions. I was referring to this broader underlying suggestion that much of the broader market is connected in a dark, secret way to what is going on with the hedge short positions in the meme stocks. I also didn't say there was no truth to those ideas, I said I didn't know . . . only that it has a distinct vibe about it.
 

itztime

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No, I don't care. Make your money. my only play account is an IRA and it's a challenge to make moves quick enough to catch pricing changes within a day, let alone even a couple days. I'm poking fun at those that are just following along and have no clue what they're doing. I don't count you in that group.

But, overall, to think that this is sound investing strategy or that this won't come crashing down at some point is just foolhardy.
Why poke fun at them, its a gamble? I think most of them, if not all realize that, no different than going to a casino and tossing money on a bet they cant see, at least in this instance they can pull whatever money they want out on that bet as it falls or moves upward.
 

harschman

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No, I don't care. Make your money. my only play account is an IRA and it's a challenge to make moves quick enough to catch pricing changes within a day, let alone even a couple days. I'm poking fun at those that are just following along and have no clue what they're doing. I don't count you in that group.

But, overall, to think that this is sound investing strategy or that this won't come crashing down at some point is just foolhardy.

There is so much BS being pushed that sounds like insider info, it's just nuts. Every few years there is some sort of technical feeding frenzy that has absolutely nothing to do with an underlying business. This isn't getting in on AMZN back in the day at a low price seeing future growth, or getting lucky. This is sort of market manipulation to me, but to be fair, I'm not paying that much attention.

I fall into that category. I could care less what it does and if someone makes a ton of money off of it, good for them. I bought a few AMC and BB stocks. I follow along because it's entertaining and if I make enough to buy a new surf fishing rig, pier fishing rig or even a fishing kayak then cool. I'm not using anything from retirement savings, so if I lose anything it's just a couple less overpriced coffees or fast food that I didn't need anyway.
 
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Saint_Ward

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Why poke fun at them, its a gamble? I think most of them, if not all realize that, no different than going to a casino and tossing money on a bet they cant see, at least in this instance they can pull whatever money they want out on that bet as it falls or moves upward.
The types that buy into certain conspiracies.... I was going off of Chuck's Q commentary.

Also, let's be a bit honest here. This has turned into something well beyond a simple gamble. This has a life of it's own. Apes? I mean, it's not a little funny/silly?
 

Saintaholic

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I wasn't talking about that - or anything that is directly related to the mechanics of the hedge funds' short positions. I was referring to this broader underlying suggestion that much of the broader market is connected in a dark, secret way to what is going on with the hedge short positions in the meme stocks. I also didn't say there was no truth to those ideas, I said I didn't know . . . only that it has a distinct vibe about it.

That's exactly what I was saying...a lot of it IS connected.
 

Saintaholic

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No, I don't care. Make your money. my only play account is an IRA and it's a challenge to make moves quick enough to catch pricing changes within a day, let alone even a couple days. I'm poking fun at those that are just following along and have no clue what they're doing. I don't count you in that group.

But, overall, to think that this is sound investing strategy or that this won't come crashing down at some point is just foolhardy.

There is so much BS being pushed that sounds like insider info, it's just nuts. Every few years there is some sort of technical feeding frenzy that has absolutely nothing to do with an underlying business. This isn't getting in on AMZN back in the day at a low price seeing future growth, or getting lucky. This is sort of market manipulation to me, but to be fair, I'm not paying that much attention.

Why do you talk about this as if it is just a bunch of kids feeding into a stock they know nothing about? This is a technical play based off of sound data, taking advantage of a group of hedge fund that used an immense amount of margin capital to intentionally try to drive fine American companies out of business for their own already-inflated pockets. Sure, there are indeed blind followers, but I don't get the vibe that they make up the majority. The media tries to portray it that way though, including its insistence on calling them "meme stocks" instead of what they truly are.

Of COURSE they will come crashing down at some point; everyone knows that. That's why you must have a sound exit strategy and consistently find ways to skim when you can.

It is a sound investment strategy if you actually did the homework on them. Obviously, at this price range, I would not recommend it. But back when I bought in, in the $7 range, I thought it was a sound, calculated move with limited downside and incredible upside; it was risky, but it was a risk worth taking for me personally, knowing I have backup to make up for the loss later if need-be.
 

itztime

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The types that buy into certain conspiracies.... I was going off of Chuck's Q commentary.

Also, let's be a bit honest here. This has turned into something well beyond a simple gamble. This has a life of it's own. Apes? I mean, it's not a little funny/silly?
Does sound silly but I think its part of that generations culture, perhaps? They formed a club, called themselves Apes to stick together and hold to convince that club of brothers/sisters and the countless others playing a hand to band together with a catch phrase. At least that's my perception of watching this thing play out.

I hope to your point though, some of these people arent betting a remortgage or retirement if they didnt do their DD.
 

Saintaholic

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Institutions have operated this way and made decisions based on similar intel for years, but when retail does it, it's "Oh those damn meddling kids and their silly meme stocks are ruining the market!"
 

Saintaholic

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Does sound silly but I think its part of that generations culture, perhaps? They formed a club, called themselves Apes to stick together and hold to convince that club of brothers/sisters and the countless others playing a hand to band together with a catch phrase. At least that's my perception of watching this thing play out.

I hope to your point though, some of these people arent betting a remortgage or retirement if they didnt do their DD.

Correct. If you threw a few bucks in just to see if you can get lucky, fine. But if you're heavy leveraged without doing some OBSESSIVE DD, which I did continuously for months both before and during this run, then you're not a smart individual.
 
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Saint_Ward

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If a comment isn't directed at any of you, why are you volunteering to be somewhat offended?
 

Saintaholic

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If a comment isn't directed at any of you, why are you volunteering to be somewhat offended?

It's a discussion board. Didn't realize if a person doesn't comment directly to you but about something you're passionate about, you offering commentary about the subject matter was off limits. My mistake.
 

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