EPTTrading/Investing Thread - Page 53
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{CC}StealthBlue
United States41117 Posts
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RvB
Netherlands6326 Posts
Edit: don't forget to take some profit as well for anyone who is in this rollercoaster. It's a dangerous game and you can lose it all just as easily as you've won. | ||
FlaShFTW
United States10624 Posts
On January 28 2021 03:43 {CC}StealthBlue wrote: Chamath Palihapitiya has entered the chat, and when speaking CNBC cuts him off. https://www.youtube.com/watch?v=2h7jfNpL4QA Dude this anchor makes me want to rip his eyes out. So fucking pretentious and thinks hes so much better. Zero self awareness. Fuck these big dogs up there, they're finally realizing that the little guy has a say. | ||
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Emnjay808
United States10666 Posts
Ya the GME thing is wild. I hear WSB is gonna do NOK next. I just can’t help but be amused. | ||
micronesia
United States24809 Posts
On January 28 2021 04:48 RvB wrote: This is wild. Wanted to buy GME calls Monday but didn't do it in the end. That was a poor decision in hindsight. Went for blackberry instead so still have some nice gains. This is like playing roulette, betting on black, and when red comes up saying, "that was a poor decision in hindsight. I should have picked red"  | ||
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LegalLord
United States13779 Posts
On January 28 2021 05:04 micronesia wrote: This is like playing roulette, betting on black, and when red comes up saying, "that was a poor decision in hindsight. I should have picked red" I have to admit that I certainly wish I'd done more WSB-type bets in general. Not that I wouldn't withdraw too early on a questionable hype run-up and screw the whole thing up. Looks like several more poor-fundamentals stocks are starting to get the Gamestop treatment and rallying to absurd heights via short squeeze. I can only watch and wonder how far they can take this. | ||
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Sbrubbles
Brazil5776 Posts
What I don't get it is: where is the spark that started this? I asked on reddit but the best answer I got was a user who made the bet more than an year ago, and was already talked about 3 months ago. Perhaps I'm looking at this the wrong way. It could be the spark was just random volatility and people on reddit picked up on it and carried it further when they realized what was going on on the fund's side. | ||
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[Phantom]
Mexico2170 Posts
Stocks, much like democracy, stop working when too many people use it, cause individuals are smart, but people are stupid. | ||
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micronesia
United States24809 Posts
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NrG.Bamboo
United States2756 Posts
On January 28 2021 05:52 [Phantom] wrote: Maybe this will help people realize stock market nowaday is a joke. Tesla for example is so valuable not because it's valuable, but because it's cool. So is apple. (That's not to say they don't have good products, but it's cool to like them right now so their price is so big). Stocks, much like democracy, stop working when too many people use it, cause individuals are smart, but people are stupid. Hello, "people" here. Is this a recent phenomenon or has the market always had trendy, overpriced stocks? I don't invest, but am enjoying watching the current show  | ||
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FlaShFTW
United States10624 Posts
On January 28 2021 05:59 micronesia wrote: I heard some brokers are blocking buys of GME so I went ahead and bought a share just to stick it to the system. I've written off the purchase price as a total loss in my head. welcome to the journey, I bought 5 shares just to say I was a part of this, if I lose it all, whatever. It's gonna be very interesting come Friday. | ||
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LegalLord
United States13779 Posts
On January 28 2021 06:01 NrG.Bamboo wrote: Hello, "people" here. Is this a recent phenomenon or has the market always had trendy, overpriced stocks? I don't invest, but am enjoying watching the current show The stock market has always been a fickle beast with valuations running out of sync with actual value, although now is definitely much stranger than usual. It got pretty overpriced by about 2016 and got really overpriced in 2020 - both related to a relentless central bank money pump. | ||
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KwarK
United States44428 Posts
On January 28 2021 06:01 NrG.Bamboo wrote: Hello, "people" here. Is this a recent phenomenon or has the market always had trendy, overpriced stocks? I don't invest, but am enjoying watching the current show What is currently happening with GME has never happened on this scale before. It’s a perfect storm of bubble and short squeeze. There have been squeezes before but never like this. | ||
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Oukka
Finland1683 Posts
On January 28 2021 06:01 NrG.Bamboo wrote: Hello, "people" here. Is this a recent phenomenon or has the market always had trendy, overpriced stocks? I don't invest, but am enjoying watching the current show The dot-com bubble in 2000 is probably a best example of stocks without fundamentals being incredibly overpriced. 2008 crash was following a bubble, too, but it was arguably not a retail investor issue with the big institutional players having a massive hard on for collateralised loan obligations. That still was a fad. However they were different in the sense that people weren't knowingly causing a bubble afaik. This is literally a social experiment where redditors try to bully the wall street by being intentionally dumb and it's hilarious. | ||
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Sbrubbles
Brazil5776 Posts
On January 28 2021 06:01 NrG.Bamboo wrote: Hello, "people" here. Is this a recent phenomenon or has the market always had trendy, overpriced stocks? I don't invest, but am enjoying watching the current show Stock bubbles have existed for a long time and aren't a new phenomenom. The use of a single public forum to coordinate (in a decentralized fashion) many people to push a stock price up is kind of new, at least in the scale reddit managed it. | ||
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Cauld
United States350 Posts
On January 28 2021 06:05 KwarK wrote: What is currently happening with GME has never happened on this scale before. It’s a perfect storm of bubble and short squeeze. There have been squeezes before but never like this. The Porsche/VW squeeze was pretty similar. Just not a retail/social media driven thing. | ||
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FiWiFaKi
Canada9859 Posts
On January 28 2021 03:18 martoto088 wrote: $BB is next  Let's hope you're right, I bought a completely absurd position today ($28.90 CAD average) . After market looking good, always will be a minor pullback when a stock goes up 40% or something. Combined with people getting really spooked today with the S&P500 dropping 2.5%, makes sense. Support is strong, I'm hella bullish, sometimes it just takes some eyes on the stock to get it moving, same as DocuSign, Zoom, etc. I'm in it for the long haul, my mid term outlook for the next 3-6 months is 60Bil market cap on it. But remember, I have biases as I'm holding a position. | ||
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LegalLord
United States13779 Posts
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Emnjay808
United States10666 Posts
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Sbrubbles
Brazil5776 Posts
On January 28 2021 07:52 Emnjay808 wrote: Can someone explain to me (like I’m five), how short sellers can borrow shares and just pocket the difference when it’s owed back? Seems like a concept that will obv get taken advantage of? Think of it like they're borrowing a piece of paper and returning the same piece of paper later. What they did to the piece of paper (selling it, then buying it back) and what happened to the price of the piece of paper in the meantime don't change that. | ||
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