The Investment Thread

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Saint_Ward said:
Something to keep in mind with that Buffett quote.

https://www.investopedia.com/ask/an...ion-protection-against-ignorance-it-makes.asp

"diversification is protection against ignorance. It makes little sense if you know what you are doing."



Basically, most of us are ignorant about the real ins and outs of individual markets or sectors. So, if you don't know exactly what you're doing, what the company financials are, etc, concentration isn't the smart play. Everything about the GME, AMC stuff is exactly what Buffet would never do.
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What’s funny about diversifying. A true ape thinks diversifying is buying AMC and GME on multiple brokerages in case something happens.
 
Speaking of diversifying....I actually got a call an hour ago from one of my brokerages (E-Trade). It was a sales call from a financial advisor making his pitch to be my new portfolio manager once this current play is over.

That was quite the reminder that I am in unchartered waters right now. lol
 
Saint_Ward said:
Something to keep in mind with that Buffett quote.

https://www.investopedia.com/ask/an...ion-protection-against-ignorance-it-makes.asp

"diversification is protection against ignorance. It makes little sense if you know what you are doing."



Basically, most of us are ignorant about the real ins and outs of individual markets or sectors. So, if you don't know exactly what you're doing, what the company financials are, etc, concentration isn't the smart play. Everything about the GME, AMC stuff is exactly what Buffet would never do.
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That's fair. I am glad I took it the way I did, because it's worked, but at the same time I know I am doing some very reckless stuff right now.

I put in a lot of work though, and am putting my trust into it.
 
Saintaholic said:
Speaking of diversifying....I actually got a call an hour ago from one of my brokerages (E-Trade). It was a sales call from a financial advisor making his pitch to be my new portfolio manager once this current play is over.

That was quite the reminder that I am in unchartered waters right now. lol
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So what’s your sense on AMC now?
 
superchuck500 said:
So what’s your sense on AMC now?
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Feel the same as yesterday. Actually bought the dip at $45 and $38. Already made significant cash from it now that it's back up to $60 (for the moment).

This morning was all a fake, scripted dip.

You obsess over this stuff long enough, and you pick up on all the tells from your opponent.

I do think we end red/flat today, and likely end red tomorrow barring some incredible announcement tonight from Adam Aron, but next week, we rip.
 
Turfie said:
What’s funny about diversifying. A true ape thinks diversifying is buying AMC and GME on multiple brokerages in case something happens.
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734001bfc6513fa0589f93c6963180d7.gif
 
I wonder what that $70 mark means to them during the trading session. They have been fighting it like hell since yesterday.

Is that the margin call trigger perhaps? Seems odd.
 
harschman said:
Didn't it hit exactly $69 yesterday for a brief time?
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Yeah it got to $71.46 I believe but was QUICKLY rushed back with a huge sell order. Same thing today.

It did get to like $75 in pre-market today right at 3:00 am, but that was short-lived.
 

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