The Investment Thread (5 Viewers)

[Turfie]

Im pretty positive you just invented that term .












Just say you dont know .

I like “stonks only go up!” I understand them terms

 

[NewOrleansFan]

Just hoping for a big crypto run since I have been accumulated chip makers stocks.

 

[bclemms]

Im pretty positive you just invented that term .












Just say you dont know .

I don't know. I do know that I'm thinking the odds that we avoid a much bigger downturn increased today but that is about as far as my know extends.

 

[Turfie]

There is a tremendous campaign to publicly kill BBBY. I haven’t seen this since *checks notes*…GameStop

 

[SaintInBucLand]

Some nice profits on puts this morning. Now I expect we go sideways for the rest of the day and into tomorrow then we see what the CPI brings.

I expect a slow rise up in the indexes prior to the CPI.

 

[Turfie]

What is this dying brick and mortar used video game reseller up to?

 

[SaintInBucLand]

What is this dying brick and mortar used video game reseller up to?

It's good to see them being innovative.. but honestly the NFT thing has been losing its luster for the past few months. But I guess we will see.

 

[bclemms]

What is this dying brick and mortar used video game reseller up to?

That's really neat. They should do a marketplace for VHS tapes next, the demand for both are about the same.

 

[Turfie]

That's really neat. They should do a marketplace for VHS tapes next, the demand for both are about the same.

I know you are being tongue and cheek. But that market for original VHS tapes may one day be certified with NFTs.

 

[bclemms]

I know you are being tongue and cheek. But that market for original VHS tapes may one day be certified with NFTs.

As a professional photographer, Im excited about NFT’s. As a realist, they have so little current value. The tech behind them may one day have value. As an investor, I think it is a brilliant long term play for GME since they have nothing to lose. As an investor Id love to get on the ground floor when the stock is cheap for a company like this. As an investor, it is meaningless since GME stock is overvalued by at least 10 fold.

 

[Turfie]

As a professional photographer, Im excited about NFT’s. As a realist, they have so little current value. The tech behind them may one day have value. As an investor, I think it is a brilliant long term play for GME since they have nothing to lose. As an investor Id love to get on the ground floor when the stock is cheap for a company like this. As an investor, it is meaningless since GME stock is overvalued by at least 10 fold.

I don’t know a lot about photography. But when the company I work for needs an image to be in the header…they purchase it off of Shutterstock or a similar platform. Without knowing the details it seems that Shutterstock is making bank, while the photographer gets very little in comparison.

It seems on this marketplace (where fees are so little) that the actual photographer would get more value. The middleman (GameStop) would get 1% of the buy and 1% of the sale.

I just don’t think NFTs have gone mainstream yet. GameStop could bring it mainstream. New music could be released on it. Video games and movies too. The entirety of it is confusing still. But when the GameStop IOS wallet gets released it could be much simpler.

On the app you will be able to buy etherium with your credit card or Apple Pay with very little fees. From there you could instantly browse the marketplace and buy whatever you like.

GameStop may consistently be one of those stocks where the marketcap is exceeding what we think it should be valued at. Especially in the next couple of years.

 

[bclemms]

I don’t know a lot about photography. But when the company I work for needs an image to be in the header…they purchase it off of Shutterstock or a similar platform. Without knowing the details it seems that Shutterstock is making bank, while the photographer gets very little in comparison.

It seems on this marketplace (where fees are so little) that the actual photographer would get more value. The middleman (GameStop) would get 1% of the buy and 1% of the sale.

Ah, you see, this is where your line of thinking goes wrong. You should never underestimate a photographers willingness to cut their own throat and you should never underestimate a companies willingness to cheap out by purchasing royalty free content.

The way I see this going is photographers simply trying to undercut one another "to get their name out" and driving the prices down even farther while companies sacrifice quality or uniqueness in favor of cheapness.

So yeah, the NFT marketplace could very well be booming but it will be with $1 photos while the people that value their content skip the marketplace and just keep selling direct to the customers that value pictures and videos that aren't shared across the globe. Plus it is already becoming a crowded market and crypto offers way more upside in this scenario.

 

[bclemms]

AAL calls are screaming today. United reports on the 20th, American a few days later. All of my calls I bought a few weeks ago are July 29th expiration.

I just grabbed some AAL longshot puts to reduce some exposure in case of a big downturn tomorrow because the calls are up bigly. Trimmed some but holding most through earnings.

 

[SaintInBucLand]

AAL calls are screaming today. United reports on the 20th, American a few days later. All of my calls I bought a few weeks ago are July 29th expiration.

I just grabbed some AAL longshot puts to reduce some exposure in case of a big downturn tomorrow because the calls are up bigly. Trimmed some but holding most through earnings.

Holding through earnings is such a mix of excitement and terror lol

I added some cheap cheap puts as well. Since some of my spy puts are already printing earlier than I thought.

 

[bclemms]

Holding through earnings is such a mix of excitement and terror lol

I added some cheap cheap puts as well. Since some of my spy puts are already printing earlier than I thought.

Yeah, SPY puts had a nice little run this afternoon. AAL held up pretty well. Dumped my DRIP this afternoon. APPL has been the one kicking my arse for the last two weeks. That damn stock just wont go down. As for a percentage gain, today was one of my best days this year and needed after a couple bad days last week.

I pulled a lot of money back into the investment account today as well. I've already started buying but going to do a lot more if we take a leg down. The next two weeks should be quite volatile given CPI tomorrow and fed hike in a couple weeks. So I'm long airlines and short SPY for my straddle play going into CPI and FED day. Today worked both ways but I doubt that kind of disconnect holds up for long. I've been short oil for most of the past two weeks. Hopped back out this morning as oil may have oversold the short term. Still in long Nat Gas. So it's like playing opposites right now. I even bought some crypto last week (ATOM). I like it long term but really like how it's held up much better than the rest of the sector. Im probably early on all the buys but got to start somewhere. I'm not missing the bottom by 400 points on the DOW again like I did during the covid downturn. My targets were almost perfect but I didn't get to take advantage of buying the bottom and missed the bubble run.

I've been trading my arse off this month since the weather has been slow and I've been in front of the desk. I have a feeling that is about to change dramatically.