Other
Sports Moderator
Interim Master of the Universe
Posts: 5,181
Tits or GTFO: GTFO
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Stonks
Feb 4, 2021 19:11:46 GMT -6
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Post by Other on Feb 4, 2021 19:11:46 GMT -6
Bailed at 98 a stonk yesterday. Cleared a nice amount of cash on that. Dropped 10k on Doge coin yesterday afternoon. Rest is sitting liquid in my account as I figure out what looks nice next. You no longer like the stock? Whar diamond hands?
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Stonks
Feb 4, 2021 23:07:20 GMT -6
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Post by Presidential Immunity Cock on Feb 4, 2021 23:07:20 GMT -6
Bailed at 98 a stonk yesterday. Cleared a nice amount of cash on that. Dropped 10k on Doge coin yesterday afternoon. Rest is sitting liquid in my account as I figure out what looks nice next. You no longer like the stock? Whar diamond hands? Don't matter, wallet is phat. Gonna go and park a bunch of that into VTSAX and VFIAX now.
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Stonks
Feb 8, 2021 8:35:47 GMT -6
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Post by Ginger on Feb 8, 2021 8:35:47 GMT -6
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Stonks
Feb 8, 2021 9:02:55 GMT -6
Post by NOTTHOR on Feb 8, 2021 9:02:55 GMT -6
Wall Street Bets would say that he "went long $ROPE." These companies are in a now win situation. If you actually impose proper suitability standards, which should include "if you're a brokedick prole with 5 grand you should not trade options or on margin" you get a bunch of people bitching about locking out the little guy. And then if you let the "little guy" make these autistic trades and he blows himself up, you get a bunch of people bitching that you should have done something to protect him.
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Stonks
Feb 8, 2021 9:40:10 GMT -6
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Post by TaterWanger on Feb 8, 2021 9:40:10 GMT -6
Honestly the gene pool is prolly better off without him. All he had to do was file bankruptcy, stick the trading platform with his losses, and start over. In 7 years it would have been forgotten. The real problem with dis kid was shotty decision making, not robin hood.
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Stonks
Feb 8, 2021 9:55:42 GMT -6
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Post by Ginger on Feb 8, 2021 9:55:42 GMT -6
Wall Street Bets would say that he "went long $ROPE." These companies are in a now win situation. If you actually impose proper suitability standards, which should include "if you're a brokedick prole with 5 grand you should not trade options or on margin" you get a bunch of people bitching about locking out the little guy. And then if you let the "little guy" make these autistic trades and he blows himself up, you get a bunch of people bitching that you should have done something to protect him. Definitely an over reaction on his part. Well I don’t know if you read/watched the whole thing but the day after he killed himself he received another letter saying whoopsie! The other letters were a mistake. He wasn’t in the hole for that debt.
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Stonks
Feb 8, 2021 9:55:50 GMT -6
Post by NOTTHOR on Feb 8, 2021 9:55:50 GMT -6
Honestly the gene pool is prolly better off without him. All he had to do was file bankruptcy, stick the trading platform with his losses, and start over. In 7 years it would have been forgotten. The real problem with dis kid was shotty decision making, not robin hood. It's sad, though, because had he grown up in some town like Lamoni Iowa and averaged 12 points a game in high school, he would probably be playing hoops for Iowa right now. He would totally fit in on the team.
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Post by TaterWanger on Feb 24, 2021 15:51:40 GMT -6
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Stonks
Feb 24, 2021 18:03:45 GMT -6
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Post by Presidential Immunity Cock on Feb 24, 2021 18:03:45 GMT -6
Yep, bought in at the mini dip to 42 yesterday when tech got hit. Hopefully it's still 170+ at open so I can dump again.
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Stonks
Feb 24, 2021 20:06:08 GMT -6
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Post by Ginger on Feb 24, 2021 20:06:08 GMT -6
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Stonks
Feb 24, 2021 21:51:17 GMT -6
Post by NOTTHOR on Feb 24, 2021 21:51:17 GMT -6
Yep, bought in at the mini dip to 42 yesterday when tech got hit. Hopefully it's still 170+ at open so I can dump again. I, I can't help but notice that you report your positions following big upward swings. Plz tell us when you go in.
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Stonks
Feb 24, 2021 23:12:00 GMT -6
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Post by Presidential Immunity Cock on Feb 24, 2021 23:12:00 GMT -6
I saw after deepfuckingvalue had his hearing he dumped a shitton more into GME and figured I may as well follow early on the lead of a complete fucking moron that other bigger morona follow.
I like the stock. Shorters still see gme as a potential gold mine by shorting because the company is shit and shouldn't survive a month longer. Perfect for gaming the fucking system with other apes. Also, don't sleep on AMC. I have 25k in that right now. Once Covid shit is done I feel they will go bonkers. Once it hits 35 or more I'm selling it all.
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Stonks
Feb 24, 2021 23:13:32 GMT -6
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Post by Presidential Immunity Cock on Feb 24, 2021 23:13:32 GMT -6
Also, go heavy of cannabis and hold. That shit will explode once the fed legalize it in the near future.
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Stonks
Feb 24, 2021 23:40:06 GMT -6
Post by NOTTHOR on Feb 24, 2021 23:40:06 GMT -6
I saw after deepfuckingvalue had his hearing he dumped a shitton more into GME and figured I may as well follow early on the lead of a complete fucking moron that other bigger morona follow. I like the stock. Shorters still see gme as a potential gold mine by shorting because the company is shit and shouldn't survive a month longer. Perfect for gaming the fucking system with other apes. Also, don't sleep on AMC. I have 25k in that right now. Once Covid shit is done I feel they will go bonkers. Once it hits 35 or more I'm selling it all. GME is gonna get their earnings out and absolutely crater the piss out of that stock. I did pubco securities work for 10 fucking years. Trust me on this. The swing trade at 42 is reasonably safe, but get the fuck out ASAP. They have to get numbers pushed for year end, and once they do they can issue shares under that S-3 they put out in December. It is going to be a god damned blood bath of epic proportions. Look, I think they're making great moves to completely pivot the company, but it would be grossly negligent for the board to look at the stock at these prices and not sell the piss out of it because they can just issue shares once they have their filings done.
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Post by NOTTHOR on Feb 24, 2021 23:51:56 GMT -6
Also, go heavy of cannabis and hold. That shit will explode once the fed legalize it in the near future. My cannabis play is old trusty MO. The ol' Philip Morris, now Altria. Why, you ask. Well, quite simply ol' MO has the best god damned lobbyists money can buy and they're gonna make good and god damned sure that this bullshit of going to a dispensary as a necessary step to getting weed isn't a pre-req to buying chronic. If weed is sold at places like Quik Trip, which I think it will be under a national rollout, MO has the best network of dudes to push behind the counter spacing in huge stores, it has the best logistics network of companies like that, it has the best lobbyists, and it has the best manufacturing, branding and packaging operations. There will obviously still be a space for these dispensaries, they will be like microbrews, but you can still make a fuckload of money selling Budweiser even in a microbrew world because scale matters. The individual weed stocks are just a fucking casino and if there is a dispensary model, I guarantee you that the rollout will be like in Evanston where you gotta "check the right boxes" to get a license and Allah only knows what that is gonna take. MO as a weed play isn't a 3 day YOLO flip, though. You'll have to diamond hand that bitch and cash 8% dividend checks from the legacy cigarette business along the way.
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Stonks
Feb 25, 2021 6:49:05 GMT -6
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Post by Presidential Immunity Cock on Feb 25, 2021 6:49:05 GMT -6
I saw after deepfuckingvalue had his hearing he dumped a shitton more into GME and figured I may as well follow early on the lead of a complete fucking moron that other bigger morona follow. I like the stock. Shorters still see gme as a potential gold mine by shorting because the company is shit and shouldn't survive a month longer. Perfect for gaming the fucking system with other apes. Also, don't sleep on AMC. I have 25k in that right now. Once Covid shit is done I feel they will go bonkers. Once it hits 35 or more I'm selling it all. GME is gonna get their earnings out and absolutely crater the piss out of that stock. I did pubco securities work for 10 fucking years. Trust me on this. The swing trade at 42 is reasonably safe, but get the fuck out ASAP. They have to get numbers pushed for year end, and once they do they can issue shares under that S-3 they put out in December. It is going to be a god damned blood bath of epic proportions. Look, I think they're making great moves to completely pivot the company, but it would be grossly negligent for the board to look at the stock at these prices and not sell the piss out of it because they can just issue shares once they have their filings done. FYI, AI models are predicting gme to go to the moon on 2/26, which is tomorrow. Another gamma squeeze is gonna happen and this shit is going to go bonkers.
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Stonks
Mar 8, 2021 9:32:01 GMT -6
Post by Presidential Immunity Cock on Mar 8, 2021 9:32:01 GMT -6
As an update, sold my shit when it hit 135 a couple weeks ago, bought more last week at 118 a share.
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Stonks
Mar 10, 2021 17:16:10 GMT -6
Post by TaterWanger on Mar 10, 2021 17:16:10 GMT -6
WE LIKE THE STOCK!!
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Stonks
Mar 11, 2021 11:01:00 GMT -6
Post by Presidential Immunity Cock on Mar 11, 2021 11:01:00 GMT -6
Bought more yesterday at 180 during the fire sale.
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Stonks
Mar 11, 2021 18:28:59 GMT -6
Post by TaterWanger on Mar 11, 2021 18:28:59 GMT -6
So what do we fink about bitcoin? I play online poker, usually on small unadvertised sites whose legality is... questionable. Back in early November a site I frequented pulled the plug on operations. I had built an initial 500 deposit into a roll just shy of $5,000 over the course of a year or so. As is typical they paid out in bitcoin, so I got in 5 large at around 15k per bitcoin. It's sitting in the mid 50's now. Several places are putting targets of 100-150k in the 6mos to 2 year time frame. Some of the more optimistic estimates put the potential long term value at over 1 million per bitcoin, based on recorded valuation bumps from recent high volume activity (such as Elon Musk's 1.5 billion splurge a few weeks back).
This is all found money for me, so it's essentially a free roll. I'm finking of going super long in the hopes that this turns out to be my "I BOUGHT APPLE AT THREEVE AND NOW ITS AT ELEVENTY VAGILLION!" story. Wut you all fink?
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Stonks
Mar 11, 2021 20:45:25 GMT -6
Post by NOTTHOR on Mar 11, 2021 20:45:25 GMT -6
So what do we fink about bitcoin? I play online poker, usually on small unadvertised sites whose legality is... questionable. Back in early November a site I frequented pulled the plug on operations. I had built an initial 500 deposit into a roll just shy of $5,000 over the course of a year or so. As is typical they paid out in bitcoin, so I got in 5 large at around 15k per bitcoin. It's sitting in the mid 50's now. Several places are putting targets of 100-150k in the 6mos to 2 year time frame. Some of the more optimistic estimates put the potential long term value at over 1 million per bitcoin, based on recorded valuation bumps from recent high volume activity (such as Elon Musk's 1.5 billion splurge a few weeks back). This is all found money for me, so it's essentially a free roll. I'm finking of going super long in the hopes that this turns out to be my "I BOUGHT APPLE AT THREEVE AND NOW ITS AT ELEVENTY VAGILLION!" story. Wut you all fink? I would never bet against it. If it's a free roll, stay in. I won't go long in it because there's nothing to it and it is cumbersome to use and monetize, but the kids seem to use it and while I prefer to own something either tangible or that entitles me to a portion of a future income stream of a company via an equity stake or fixed income instrument with a yield, you really can't go wrong betting on the stupidity of the general public, which is what Bitcoin feels like to me.
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Stonks
Mar 11, 2021 21:13:05 GMT -6
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Post by Ginger on Mar 11, 2021 21:13:05 GMT -6
I really don’t understand the whole Bitcoin thing. Please explain. There also seems to be people not actually owning the “coins” but just investing .
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Stonks
Mar 12, 2021 6:18:00 GMT -6
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Post by TaterWanger on Mar 12, 2021 6:18:00 GMT -6
I really don’t understand the whole Bitcoin thing. Please explain. There also seems to be people not actually owning the “coins” but just investing . So a bitcoin is basically a unique piece of data consisting of an incredibly long and complex series of numbers or codes. They are created by big powerful comouters though a process called mining. These computers solve long complex equations and the resulting answers are bitcoins. Its a long and difficult process which means the "supply" of new bitcoin is really limited. Once created they can be owned and traded just like any other coin or commodity. Think of bitcoin as gold. They have little inherent value and are of little use in the day to day world. Their value comes from the fact other people want them, and they generally meet the requirements of money (They are mediums of exchange, yadda yards yards). Their valuation depends on supply and demand just like any other commodity. Right now people are buying bitcoin at a much faster rate than it can be mined so prices are going through the roof. For example Elon bought 1.5 billion dollars worth a few weeks ago and the price jumped 10% instantly.
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Post by NOTTHOR on Mar 12, 2021 8:09:41 GMT -6
I really don’t understand the whole Bitcoin thing. Please explain. There also seems to be people not actually owning the “coins” but just investing . So a bitcoin is basically a unique piece of data consisting of an incredibly long and complex series of numbers or codes. They are created by big powerful comouters though a process called mining. These computers solve long complex equations and the resulting answers are bitcoins. Its a long and difficult process which means the "supply" of new bitcoin is really limited. Once created they can be owned and traded just like any other coin or commodity. Think of bitcoin as gold. They have little inherent value and are of little use in the day to day world. Their value comes from the fact other people want them, and they generally meet the requirements of money (They are mediums of exchange, yadda yards yards). Their valuation depends on supply and demand just like any other commodity. Right now people are buying bitcoin at a much faster rate than it can be mined so prices are going through the roof. For example Elon bought 1.5 billion dollars worth a few weeks ago and the price jumped 10% instantly. Gold has a number of industrial applications and provides other utility because it can be worn to dunk on proles.
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Stonks
Mar 12, 2021 11:57:48 GMT -6
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Post by Ginger on Mar 12, 2021 11:57:48 GMT -6
I really don’t understand the whole Bitcoin thing. Please explain. There also seems to be people not actually owning the “coins” but just investing . So a bitcoin is basically a unique piece of data consisting of an incredibly long and complex series of numbers or codes. They are created by big powerful comouters though a process called mining. These computers solve long complex equations and the resulting answers are bitcoins. Its a long and difficult process which means the "supply" of new bitcoin is really limited. Once created they can be owned and traded just like any other coin or commodity. Think of bitcoin as gold. They have little inherent value and are of little use in the day to day world. Their value comes from the fact other people want them, and they generally meet the requirements of money (They are mediums of exchange, yadda yards yards). Their valuation depends on supply and demand just like any other commodity. Right now people are buying bitcoin at a much faster rate than it can be mined so prices are going through the roof. For example Elon bought 1.5 billion dollars worth a few weeks ago and the price jumped 10% instantly. Tanks. So you have a bitcoin or do you just invest? I think I get it. I used to be in the market for Beanie babies. If you could get those pups on the Hallmark market they were only $5 but often demand was just to high and you’d have to spend some real coin to get the good ones. That gold fish was supposed to be worth some money. Wonder if I could trade a couple Rubbermaid tubs of beanie babies for a Bitcoin or two? All tags still on and mint condition...
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