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It has been through two stock splits though. So if you bought one share back in 2016 for $190 per share, now you have 15 shares at $190.
The Investment Thread (6 Viewers)
- Thread starterSaint_Ward
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I am aware .
I may have been exaggerating a little.. my point is that-after factoring in the splits and the fact that the stock didnt really take off until about 4 yrs after i bought it- this is about as ugly as i have seen things, and im worried about the trajectory .
Purely a snapshot in time. But I’m destroying SPY in the last 6 months. I’m UP. Big time wins on BBBY. I’m up 20% on Scott’s Miracle Grow. GME itself is beating SPY in the last 6 months.
Funko was a 28% swing in 2 trading days. Rite Aid gave me another +20%. Unreal. My swing on Blackberry was 10%. I netted 100% on LUCY out of sheer drunken luck in less than a week.
My loss was a 7% loss on Xela (miss timed the algo by two weeks).
The vast majority of my holdings are GME locked away in Computershare. But I’m in cash right now after today. And my gains are short term so I have to budget that out.
Funko was a 28% swing in 2 trading days. Rite Aid gave me another +20%. Unreal. My swing on Blackberry was 10%. I netted 100% on LUCY out of sheer drunken luck in less than a week.
My loss was a 7% loss on Xela (miss timed the algo by two weeks).
The vast majority of my holdings are GME locked away in Computershare. But I’m in cash right now after today. And my gains are short term so I have to budget that out.
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Why Did FTX Collapse? Here’s What to Know. (Published 2022)
Things went downhill for FTX after Binance, the world’s largest cryptocurrency exchange, reversed on a deal to save the company.
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Here is an article that might interest some of you...
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www.yahoo.com
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How Meta went from a trillion-dollar company to mass layoffs
Meta went from a trillion-dollar firm to laying off 11,000 employees. Here's how it got there.
This is why I got major trust issues. And why I keep 99% of my GameStop shares in a “cold wallet” aka …registering those shares with the transfer agent Computershare.Why Did FTX Collapse? Here’s What to Know. (Published 2022)
Things went downhill for FTX after Binance, the world’s largest cryptocurrency exchange, reversed on a deal to save the company.www.nytimes.com
These exchanges/brokers do what they want with your invested capital. In the case of FTX they took your money and made risky bets with it. All while you can open up the pretty app and can see you “own” this stock or “own” these coins.
It’s why banks won’t let you use brokerage shares as collateral for a loan…but you can if those shares are registered in your name.
I’m keeping an eye on Robinhood. FTX had a 7-8% stake with them.
Robinhood was always such an unstable name for a company. It's literally named after a thief.
It's like the Sooners. Your team name is literally synonymous with cheater.
Holy cow. Scott’s Miracle Gro stock has been beaten into a pulp. The WSJ published a report on them a month ago. They are sitting on way too much inventory and retail purchases went down.
But gosh darn. It’s beaten.
The current share price is now 51% lower than the Covid lows in March of 2020. The RSI hasn’t been this low since the 2008 crash. And the modified RSI has never dropped this low.
There hasn’t been much dilution either.
The market cap is fully in line with the share price chart. It’s currently at the lowest market cap since 2009.
The other thing that I looked at was the Moving average Convergence Divergence (MACD).
It’s the lowest it’s ever been. By far. In meme scenarios….typically this would/should violently move back the other direction.
I don’t have any positions. But dang I’m tempted.
This thing is up 59% since this post.
Drinking hard to hopefully erase another dud of a Saints game.
This FTX stuff is enlightening. Once again here is some tin foil. The cost to borrow rate for GME dipped hard after the sneeze in late January 2021.
FTX and many other crypto brokerages started offering tokenized stocks. It was “sold” as being just as good.
Other firms then used this information to say that they could “locate” their shorts very easily. But the crypto brokerages didn’t actually have the underlying asset.
So now we have a major crypto brokerage that went belly up. All of these supposed easily located derivative of a real share now do not exist.
Maybe it’s nothing. But then I checked to see when the first tokenized GME share became available. It was the same day brokerages made GME and others stocks as “position close only”.
This FTX stuff is enlightening. Once again here is some tin foil. The cost to borrow rate for GME dipped hard after the sneeze in late January 2021.
FTX and many other crypto brokerages started offering tokenized stocks. It was “sold” as being just as good.
Other firms then used this information to say that they could “locate” their shorts very easily. But the crypto brokerages didn’t actually have the underlying asset.
So now we have a major crypto brokerage that went belly up. All of these supposed easily located derivative of a real share now do not exist.
Maybe it’s nothing. But then I checked to see when the first tokenized GME share became available. It was the same day brokerages made GME and others stocks as “position close only”.
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Sold off all of my CVI. Made about a 38% profit on it. Was getting down graded, not sure on the longer term future, but figured I'd cash in and then look to re-enter on a dip.
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