How do you get rich multiplying your investment by 10 buying a stock if you aren't already rich? I'd argue most of these lives would change more multiplying their investment by 0.1, which is the downside. Only people seeing anything special are buying options and then hyping shares. Why make them rich for a possible 10× upside at most?
― Nhex, Thursday, 11 March 2021 04:35 (three years ago) link
Also, the smarter play it seems is to just invest in S&P/market indexes forever. Most of my safe "boomer" money is in that stuff which I have no control over
― Nhex, Thursday, 11 March 2021 04:40 (three years ago) link
I am about ready to chicken out - setting a stop-loss today at just above my break-even
― Nhex, Thursday, 11 March 2021 13:47 (three years ago) link
There is no chickening out. Everyone should manage their own level of risk. There is always another trade, you don't need to marry this one if it's not working out. I sometimes hold thing for 5 minutes and realize...naaaaahhhhh back it out.
― Yerac, Thursday, 11 March 2021 17:55 (three years ago) link
Also, the smarter play it seems is to just invest in S&P/market indexes forever. Most of my safe "boomer" money is in that stuff which I have no control over― Nhex, Wednesday, March 10, 2021 10:40 PM (yesterday) bookmarkflaglink
― Nhex, Wednesday, March 10, 2021 10:40 PM (yesterday) bookmarkflaglink
This is what I do and my stomach lining thanks me
― Guayaquil (eephus!), Thursday, 11 March 2021 18:15 (three years ago) link
I do that naturally as well in the 401k. I have an IRA that was leftover from grad school. It was small so I've used it in 2 riskier single stock plays over the last 5 years. that one is 15x but started so small. even winning feels bad.
― am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 18:25 (three years ago) link
that's mostly what I've done for a while, but starting to dip my toes back into active trading
― Mr. Cacciatore (Moodles), Thursday, 11 March 2021 18:48 (three years ago) link
pic.twitter.com/lAVYztmTq1— Roaring Kitty (@TheRoaringKitty) March 9, 2021
― longtime caller, first time listener (man alive), Thursday, 11 March 2021 19:21 (three years ago) link
I am still waiting for Congress to wake up and pass a 'financial transaction tax' of one-tenth of a cent on every purchase or sale of a stock or bond and every bank transfer of funds, to be collected and paid by the broker, bank or insurance company who initiates the transaction.
― Judge Roi Behan (Aimless), Thursday, 11 March 2021 19:33 (three years ago) link
yes. i think everyone is waiting for that.
― Yerac, Thursday, 11 March 2021 19:37 (three years ago) link
it's why i'm long $IRS
― am0n shaped post (Sufjan Grafton), Thursday, 11 March 2021 19:58 (three years ago) link
Wondering if the stimulus checks will actually move the needle on retail investing, if temporarily. I'm guessing not even that, though, despite hopes of the GME bag holders.
― Nhex, Wednesday, 17 March 2021 16:14 (three years ago) link
lol https://ark-invest.com/articles/analyst-research/tesla-price-target-2/
― longtime caller, first time listener (man alive), Wednesday, 24 March 2021 19:03 (three years ago) link
to the mars!
― 《Myst1kOblivi0n》 (jim in vancouver), Wednesday, 24 March 2021 19:12 (three years ago) link
the price of tesla just seems completely untethered from "fundamentals" in a way that suggests that a ludicrous price target like that is potentially not wrong to me. i feel like if i had a spare 6 figures lying around i would absolutely be buying a bunch of tesla shares, although i would probably get out once it reached less than half of that targeted price
― 《Myst1kOblivi0n》 (jim in vancouver), Wednesday, 24 March 2021 19:15 (three years ago) link
the primary input to the model was cocaine
― intrusive dobro, shoeless guest (Sufjan Grafton), Wednesday, 24 March 2021 20:01 (three years ago) link
ARK's largest holding is TSLA and they can't buy anymore to prop up the price because they are at or near 10%. Gotta pump!
― Yerac, Wednesday, 24 March 2021 22:01 (three years ago) link
Their bear case is $1500/share.... so they're saying at worst, it'll be double it's all-time high in 6 years. Hmm. Possible, I suppose.
― Nhex, Thursday, 25 March 2021 04:30 (three years ago) link
If I were going to make a buy case for TSLA it would simply be that Elon Musk is a fantastically talented hype man.
Nothing in ARK's model makes a shred of sense though. "Bear case" in which 2025 sees them selling 10x the vehicles they sold in 2020, absurd assumptions about their as yet nonexistent ridehail/autonomous taxi businesses, etc.
― longtime caller, first time listener (man alive), Thursday, 25 March 2021 13:40 (three years ago) link
Interesting that ARK funds, TSLA, and bitcoin are all crashing yesterday/today
― longtime caller, first time listener (man alive), Thursday, 25 March 2021 13:41 (three years ago) link
Tech's had a really bad week. Telling myself it'll bounce back next week
― Nhex, Thursday, 25 March 2021 14:28 (three years ago) link
This is pretty freaky:https://www.ft.com/content/2542af81-9e93-4d05-a0b9-26c0f6aab6f3
Apparently you can just amass positions equivalent to 5 or 10% of a company's stock via swaps and never report it? And major investment banks are fine with giving you tons of leverage to do it, until it blows up and a single hedge fund's implosion causes 30% drops in multiple large stocks?
― longtime caller, first time listener (man alive), Monday, 29 March 2021 16:32 (three years ago) link
Stock market is totally having a normal one right now
What the hell? https://t.co/92RWejK16A pic.twitter.com/hgzLMhrpN4— Joe Weisenthal (@TheStalwart) April 15, 2021
― longtime caller, first time listener (man alive), Thursday, 15 April 2021 18:16 (three years ago) link
there is something very weird going on with that one that is probably not at all indicative of the wider market. I don't know if it is a form of money laundering or what, but I can't imagine it's a bunch of retail investors running up the price. It trades less than 400 shares per day.
― Mr. Cacciatore (Moodles), Thursday, 15 April 2021 18:28 (three years ago) link
lol this is one of my favorite stock descriptions ever
Hometown International, Inc., through its subsidiary, Your Hometown Deli Limited Liability Company, operates a delicatessen store under the Your Hometown Deli brand name in the United States. Its Your Hometown Deli store provides sandwiches; soups; salads, including made-to-order green salads, prepared pasta, potato, chicken, and various wet salads; deli meats/cheeses; hot/cold drinks; fresh breads/rolls; breakfast products, such as pastries, bagels, and toast; yogurt; and small retail items for cooking, baking, and home use, as well as coffee, tea, and other hot and cold beverages. The company was incorporated in 2014 and is based in Woodstown, New Jersey.
― longtime caller, first time listener (man alive), Thursday, 15 April 2021 18:30 (three years ago) link
Please do not think for one minute this reflects badly on the security of those stock mutual funds in your 401K. Pretty please. With sugar on top.
― sharpening the contraindications (Aimless), Thursday, 15 April 2021 18:31 (three years ago) link
sounds like a mafia front posing as a public company
― Mr. Cacciatore (Moodles), Thursday, 15 April 2021 18:32 (three years ago) link
xp, Oh certainly not -- but there are dozens of SPACs that are like 60% as ridiculous as that. I think the point is more that there isn't a lot of evidence of oversight.
― longtime caller, first time listener (man alive), Thursday, 15 April 2021 19:00 (three years ago) link
What do you guys think of something like VIAC, which had it price destroyed to one hedge fund dumping it?The business hasn't really changed much, meaning it's seriously undervalued right now or it's still pumped too high due to current market exuberance. Still higher than it was in Jan/Feb '20. The company has remained profitable regardless.
― Nhex, Monday, 19 April 2021 14:20 (three years ago) link
FWIW, I just listened to this: https://open.spotify.com/show/1te7oSFyRVekxMBJUSethH?si=sbeWrWYnR4iZo_apx0LkUw which was v interesting on greensill, credit suisse, and archegos among other things, and the guy made a pretty good case for VIAC being a slowly dying business.
― longtime caller, first time listener (man alive), Wednesday, 21 April 2021 16:42 (three years ago) link
There are usually a lot of profits to be squeezed from a slowly dying business. Look at what vulture capitalists are doing to the newspaper industry. The question is whether those remaining profits can translate into a higher share price. Probably not.
― sharpening the contraindications (Aimless), Wednesday, 21 April 2021 18:01 (three years ago) link
link between price and profits seems a lot more tenuous these days anyway, so it's about a good a dice roll as a lot of other things.
― longtime caller, first time listener (man alive), Wednesday, 21 April 2021 18:59 (three years ago) link
How to get rich in 3 easy steps: 1) Steal hotel soap 2) Invest savings in S&P3) Become millionaire pic.twitter.com/GSQBsopb6z— TikTok Investors (@TikTokInvestors) May 17, 2021
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 18 May 2021 23:26 (three years ago) link
very good account
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 18 May 2021 23:30 (three years ago) link
oh, fintok.
― Nhex, Wednesday, 19 May 2021 03:00 (three years ago) link
it did turn out that GME was a safehaven stock.
― Yerac, Wednesday, 2 June 2021 04:28 (three years ago) link
I got out on AMC months ago... if I illogically held, I would've quadrupled+ my money! Too late to get back in now.
― Nhex, Wednesday, 2 June 2021 15:00 (three years ago) link
https://www.theverge.com/2021/6/2/22465198/amc-meme-stock-popcorn-wsb
https://cdn.vox-cdn.com/uploads/chorus_asset/file/22555337/E24_NrSWYAAhODE.jpg
The thing that interests me about the meme stocks (so far) is that they are companies in a consumer-friendly line of business. Yes there's speculative mania or whatever but why shouldn't individual investors with money to splash around go long on video game retailers, movie theaters, and a fairly stable big box survivor? Why not get people to bet in favor of like, normal companies that sell normal products that people like to normal people? Nobody's gonna meme Exxon.
― Clara Lemlich stan account (silby), Wednesday, 2 June 2021 19:06 (three years ago) link
BB is kind of a weird one (maybe it's the ticker), but the rest were way shorted. BBBY ran last time to almost $60 that one friday in Jan. It's all the same tickers again.
― Yerac, Wednesday, 2 June 2021 19:34 (three years ago) link
what a time 2 b alive pic.twitter.com/UxIa5lIv7Q— Liz Franczak (@liz_franczak) June 2, 2021
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 2 June 2021 20:28 (three years ago) link
Just the voice of uneducated, frustrated disgust: if the stock market managed a baseball team, they'd pinch-hit for Mike Trout in the 4th inning because he grounded out in the 2nd.
― clemenza, Tuesday, 13 September 2022 21:54 (one year ago) link
("Uneducated" as in illiterate about monetary matters.)
― clemenza, Tuesday, 13 September 2022 22:02 (one year ago) link
Oof, those meme stocks a few posts up, then vs. now. ^^
― The self-titled drags (Eazy), Wednesday, 14 September 2022 00:38 (one year ago) link
Everything I hate about the stock market summed up in a single headline on CNN today: "Stocks tumble after better-than-expected jobs report."
I understand the dynamic: more jobs = inflation = stocks tumble. It's still intuitively bizarre.
― clemenza, Friday, 2 December 2022 16:07 (one year ago) link
https://www.reddit.com/r/personalfinance/comments/zfj761/recently_discovered_the_majority_of_my_parents/
― 𝔠𝔞𝔢𝔨 (caek), Saturday, 17 December 2022 22:44 (one year ago) link