Discussion GameStop craze

Discussion in 'General Chat' started by dingdongkingkong, Feb 2, 2021.

  1. Kadmos1

    Kadmos1 Well-Known Member

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    Why Panama, of all places?
     
  2. tahzib1451

    tahzib1451 Title?is it food?

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    this song is hillarious......
     
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  3. ExcitableFoci

    ExcitableFoci Well-Known Member

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    TROLOLOLOL

    Where the fuck did you read that? HAHAHAHAHA.

    It's called WallStreetBets for a reason. People bet their life savings and posted their loss/gain porn there afterwards. Whatever legit info you can find on wsb, can also be found in many other places. I've been a member for years and you would be hard-pressed to find intelligent shit among their rockets, daddy Musk simping, gay bears, and ur wife's boyfriend plowing her memes there.

    Someone literally drank piss and posted a vid cuz SPY closed green lol.
     
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  4. cheonsa-nim

    cheonsa-nim Well-Known Member

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    Looking for reason within chaos and chaos within reason. Then again I've been desensitized to the circlejerk. In regards to the highlight, I agree, that what is presented can be found on other public forums. And it is marginally small compared to the rest of the bets, flair, memes, and whatnot. Its just that with the volume of users, the frequency is high.

    Analogy wise, the DD posts is 10% when the user base is at 3 mil. The DD posts is still 10% at 8mil. Hence why I also shared my sympathy towards the mods. Influx in user post volume, in a matter of weeks is stressful.

    Observing the current situation will give the precedence for future action/inaction by multiple parties involved (Reg, Institutional, retail, etc). I'm not invested in these shorted stocks, as it is not in my trading style.

    But it's a good case study in real-time. I will liken that in future history books this will be paired with "Irrational exuberance" of the Dot-com bubble and "Greater Fool Theory" in finance & economics.
     
    Last edited: Feb 2, 2021
  5. SerialBeggar

    SerialBeggar Hate your family? Got no friends? Gimme your stuff

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    If you have a personal agenda about owning the stock regardless of its inherent value, then go ahead because what we say really doesn't matter. :blobReach:

    However, if you want to make money from this situation, I think it's too late. :blobtongue: GME took a -60% dive today (02/02/2021) to end at $90 (from $225). So if you're thinking of getting in on the action now, then you need to seriously resolve to yourself that you may very well be throwing away your money. :blobthumbsdown::blobwhistle:

    The early players have already made their money. :blobhighfive: Regardless of what they're saying, they have probably sold most or all of their shares, especially after it peaked over $480 and the GME rocket flipped over and started to decend. :blobpeek:

    The suckers that bought those shares from them at $350--480 are now probably the most vocal zeolites hyping the "stick it to the hedge funds!" narrative because they're losing big money. :blob_pompom: :sweating_profusely: They need new suckers (like you) to come in to prop up the stock price. :blobnom: Yet as the stock price keeps falling, many of the gamblers will lose their nerves and sell to cut their losses, thus perpetuating the selling pressure. :blob_catflip: :blobflag:

    If you think that GME's stock price might find support for a bounce and rise, well, now you have to play the game of "Catch The Falling Knife". :blobhero: If you mistake your timing, then you'll get stabbed by the continuingly dropping stock price and watch your money bleed away. :blob_teary:
     
    Last edited: Feb 3, 2021
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  6. Vanidor

    Vanidor Well-Known Member

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    Low cost of living, and low barrier for permanent residency(can basically drop $5k in a bank account, file a 'corporation' and live there forever after). A different option is retiring there with a guaranteed pension of $1k US per month.
     
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  7. Wujigege

    Wujigege *Christian*SIMP*Comedian

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    I know of that but it is not for me. I don't qualify
     
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  8. SerialBeggar

    SerialBeggar Hate your family? Got no friends? Gimme your stuff

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