Toggle sidebar

OT: Stock and Investment Thread

B

bob-loblaw

Senior
Jan 23, 2011
2,033
852
0
WhichReligionIsRight said:
LOL. I do. I bought FCEL back in 2014 for about $2,500. Went all the way down under $20 at one point. Added 25 shares in early December @ $7.50. So ... total account value is now ~$800. 😕 Still a long way to go to ever get back to even, but who knows? Maybe this rocket ship keeps accelerating.

In hindsight, I should have bought 2,500 shares in early December. Or a year ago.
Click to expand...

I grabbed some last year for $2 a share back when Nikola went apeshit. I almost DCA'd down more in October, but didnt, oh well..

T2Kplus20 said:
Very interesting report. Plenty of cool topics - deep learning, future data centers, EVs, automation, cell & gene therapy, etc.

As for BTC. Due to the continuing acceptance, growing opportunities, and low correlation with traditional investment options, ARK recommends portfolios to hold 2.55% to 6.55% of BTC (depending on comfort with volatility). This could impact BTC price by $200k to $500k. Also big shut out to ETH and the growing ETH network (page 42).

@RUTGERS95
@ScarletNut
@bob-loblaw
Click to expand...

:) I saw this earlier. BTC simply cannot be ignored... as evidenced by the actions of today, it doesnt take much to move the market. Theyre not fully correlated, but the rocket ship is going to take off soon and there's going to be a lot of shoulda woulda coulda... The beauty of BTC is that there's 21 mil. Nothing else. only 18 mil+ currently in circulation. When firms decide they want in, there simply will not be enough.
 
  • Like
Reactions: T2Kplus20
T2Kplus20

T2Kplus20

Heisman
May 1, 2007
30,785
18,807
113
BROTHERSKINNY said:
Own every Ark ETF except the robotics fund. Cathie Wood and her team are doing a terrific job of identifying emerging technologies. Ark is getting ready to launch a commercial Space ETF which I will buy.
Click to expand...
Impressed with ARK, but I'm only in their flagship ETF (ARKK). It's more diverse with assets from all the disruptive innovative segments (best of the best). I'm happy to keep it simple.
 
  • Like
Reactions: ruready07 and FRA10Thunderbolt
T2Kplus20

T2Kplus20

Heisman
May 1, 2007
30,785
18,807
113
bob-loblaw said:
I grabbed some last year for $2 a share back when Nikola went apeshit. I almost DCA'd down more in October, but didnt, oh well..



:) I saw this earlier. BTC simply cannot be ignored... as evidenced by the actions of today, it doesnt take much to move the market. Theyre not fully correlated, but the rocket ship is going to take off soon and there's going to be a lot of shoulda woulda coulda... The beauty of BTC is that there's 21 mil. Nothing else. only 18 mil+ currently in circulation. When firms decide they want in, there simply will not be enough.
Click to expand...
Bought more this morning with the temporary dip. Going to keep it going.
 
R

rurahrah000

All-Conference
Aug 21, 2010
3,223
2,172
88
Must watch

Watch CNBC's full interview with Chamath Palihapitiya on GameStop and its Reddit-fueled surge



this is a must watch. Chamath completely exposes the hedge fund industry. I must say that even though I make millions per year and this is bad exposure for us, he is spot on. The average investor does not realize how rigged the game is against them. It also shows you how much these CBNC, Bloomberg folks are in cahoots with the so called experts.
 
  • Like
Reactions: zazoo2002, WhichReligionIsRight, FRA10Thunderbolt and 7 others
S

Scarletnut

All-Conference
Jul 27, 2001
5,459
4,140
77
bob-loblaw said:
I grabbed some last year for $2 a share back when Nikola went apeshit. I almost DCA'd down more in October, but didnt, oh well..



:) I saw this earlier. BTC simply cannot be ignored... as evidenced by the actions of today, it doesnt take much to move the market. Theyre not fully correlated, but the rocket ship is going to take off soon and there's going to be a lot of shoulda woulda coulda... The beauty of BTC is that there's 21 mil. Nothing else. only 18 mil+ currently in circulation. When firms decide they want in, there simply will not be enough.
Click to expand...
Actually there is about 4 million in actual circulation. The rest is either lost or held by HODLers. Some addresses haven’t moved Bitcoin in over 7 years
 
  • Like
Reactions: rurichdog
A

anon_0k9zlfz6lz9oy

Guest
Joey Bags said:
Dude you should read actual wsb more often. the memes there are some of the funniest things i’ve ever seen
Click to expand...
Haha ive actually never been on a reddit page before. Have no idea how to even find it
 
J

Jtung230

Heisman
Jun 30, 2005
18,959
12,153
82
rurahrah000 said:
Must watch

Watch CNBC's full interview with Chamath Palihapitiya on GameStop and its Reddit-fueled surge



this is a must watch. Chamath completely exposes the hedge fund industry. I must say that even though I make millions per year and this is bad exposure for us, he is spot on. The average investor does not realize how rigged the game is against them. It also shows you how much these CBNC, Bloomberg folks are in cahoots with the so called experts.
Click to expand...

This is the funniest ****. A billionaire trying to act like he is the little guy. He knows that he fvcked up and that’s why he “donated” all the money away. That’s like the guy who bought up all the hand sanitizer and was going to price gauge. But he got caught so he “donated” it. I also like the fact that he didn’t answer the question about the guys that are going to lose their shirts in a couple of weeks.
 
J

Joey Bags

All-American
Sep 21, 2019
5,175
5,311
1
kyk1827 said:
Haha ive actually never been on a reddit page before. Have no idea how to even find it
Click to expand...

The mods had to take the subreddit private for now because they had a massive influx of new accounts being created just to write super racist stuff in the hopes reddit would take the subreddit down. Not even joking. Melvin capital is probably paying their analysts to post that s*** round the clock
 
  • Wow
Reactions: redking
A

anon_0k9zlfz6lz9oy

Guest
Joey Bags said:
The mods had to take the subreddit private for now because they had a massive influx of new accounts being created just to write super racist stuff in the hopes reddit would take the subreddit down. Not even joking. Melvin capital is probably paying their analysts to post that s*** round the clock
Click to expand...
Thats so wild man. The fact that suppression of speech is prevalent, bad actors know exactly what button to press to shut down something they dont like. Either fake user post **** or just say something is “white supremacy”. Youre probably not wrong here
 
  • Like
Reactions: HeywoodGiant and T2Kplus20
R

rurahrah000

All-Conference
Aug 21, 2010
3,223
2,172
88
jtung230 said:
This is the funniest ****. A billionaire trying to act like he is the little guy. He knows that he fvcked up and that’s why he “donated” all the money away. That’s like the guy who bought up all the hand sanitizer and was going to price gauge. But he got caught so he “donated” it. I also like the fact that he didn’t answer the question about the guys that are going to lose their shirts in a couple of weeks.
Click to expand...
jtung230 said:
If you want to know how GME or AMC will end, look up SIGL.
Click to expand...


I think you are missing the main point of the interview. The mania in SIGL and the movement in GME are very different. If you don't understand the difference then you don't know much about the derivative market.
 
R

RU05

All-American
Jun 25, 2015
14,584
9,119
113
jtung230 said:
This is the funniest ****. A billionaire trying to act like he is the little guy. He knows that he fvcked up and that’s why he “donated” all the money away. That’s like the guy who bought up all the hand sanitizer and was going to price gauge. But he got caught so he “donated” it. I also like the fact that he didn’t answer the question about the guys that are going to lose their shirts in a couple of weeks.
Click to expand...
I don't know if it's quite that simple, he's certainly not the hand sanitizer guy, because as you said, he's a billionaire, and I think he made $500K on that trade. Like he said in the interview, it doesn't move the needle.

I do think he was reaching on some of his points, but the general idea of hedge funds playing by it's own set of rules then everyone else is the real point.

I thought the discussion was very interesting overall, Wapner held up his end as well.
 
  • Like
Reactions: rurahrah000
R

rurahrah000

All-Conference
Aug 21, 2010
3,223
2,172
88
RU-05 said:
I don't know if it's quite that simple, he's certainly not the hand sanitizer guy, because as you said, he's a billionaire, and I think he made $500K on that trade. Like he said in the interview, it doesn't move the needle.

I do think he was reaching on some of his points, but the general idea of hedge funds playing by it's own set of rules then everyone else is the real point.

I thought the discussion was very interesting overall, Wapner held up his end as well.
Click to expand...


I especially love how all these guys are screaming for regulation because they want to protect the average investor. You have to be dumb to believe that wall street cares about the average investor. The reddit crew has almost bankrupted a reputed $10+ billion dollar hedge fund. That is what scares the industry.
 
  • Like
Reactions: TRU2RU_rivals, zazoo2002, ruready07 and 2 others
F

FRA10Thunderbolt

Heisman
Oct 21, 2010
15,533
15,030
113
This is not mine but from a poster on Reddit on the WSB sub. This is EXACTLY how I feel and why I am so skeptical of government and especially the regulatory agencies which control wall st. While his rant is against the CNBC anaylyst the real odious actors are the government agencies which control Wall St. and claim every rule the put in place are for the “protection of investors” when really they are for the protection of the big firms revenue streams and client bases.

I'm Sick of Hearing Wall Street Act Like We Can't Handle Risk

On CNBC, the hosts and the interviewees kept circling back to how retail investors are in over our heads. As if we're all so dumb that we don't realize these stocks can go down just like they can go up. Motherfu**er, have you even been through this subreddit? We know exactly what the risks are.

This is the sub where people post graphs from March showing themselves 1000X'ing on Puts and then losing it all right back. We get it more than you do CNBC. We know there is risk. Stop acting like you need to hold our hands and protect us. That's ********. None of you actually care, you're just upset that retail is absolutely killing it while your ****** portfolio is selling off.

What exactly are we risking anyways? Most people on WSB are young with maybe a few $10K's in the bank. We are the exact people who should be taking risks. $10K invested in the stock market even over the next 30 years isn't gonna change your life. These guys are flying around in private jets telling you to save for retirement so that you won't get kicked out of your ****** apartment at 65 years old.

This is a moment in history where billions of dollars have flowed from the rich to the poor. Where it'll end up, who knows, but I guarantee that we'd rather play the game and take the loss if it happens than sit on the sidelines and play it safe. The truth is that if you want to make it in this world, you have to take big *** risks. The downside is usually overstated.

So yeah, **** off CNBC analysts and stop telling us you're worried we'll get hurt. That's not your real worry. Your worry is that we're exposing how rigged the system really is.
 
  • Like
Reactions: ruready07, rurichdog and milktruck
F

FRA10Thunderbolt

Heisman
Oct 21, 2010
15,533
15,030
113
mdk01 said:
And thousands of retail brokers were taken to arbitration after 10/19/87 with respect to portfolio insurance. But the folks who should have gone to jail in 07/08 were actually these mortgage brokers who were openly encouraging liars loans.. Want to know who caused people to be evicted from their homes? It wasn't the retail brokers, it was the folks that put them into homes they couldn't afford. Could they go after the retail guys on Wall St for failure to exercise due diligence? Hell yes and they did. But that's not a crime.
Click to expand...
My point to the my quote you addressed is they went after the wrong people for the “public show” that they were addressing the problem. Wall St. was behind the financialization of mortgage backed securities. The trickledown of incentives to create these loans stopped at the mortgage broker and the retail broker. The Big money and the guys who should have been disciplined were the executives. Not one of them got any punishment at all. The firms paid small fines relative to the theft and went on their merry way.
 
J

Jtung230

Heisman
Jun 30, 2005
18,959
12,153
82
RU-05 said:
I don't know if it's quite that simple, he's certainly not the hand sanitizer guy, because as you said, he's a billionaire, and I think he made $500K on that trade. Like he said in the interview, it doesn't move the needle.

I do think he was reaching on some of his points, but the general idea of hedge funds playing by it's own set of rules then everyone else is the real point.

I thought the discussion was very interesting overall, Wapner held up his end as well.
Click to expand...
Trust me. His lawyer told him to sell and donate. Pump and dump is illegal and the SEC likes to go after the big fish. No one said it was wrong for the short squeeze, but you can’t incite a momentum trade. To the interviewer’s point, it’s now bleeding over to other names. A lot of people will lose money.
 
  • Like
Reactions: patk89
J

Jtung230

Heisman
Jun 30, 2005
18,959
12,153
82
rurahrah000 said:
I think you are missing the main point of the interview. The mania in SIGL and the movement in GME are very different. If you don't understand the difference then you don't know much about the derivative market.
Click to expand...
The main point of the interview was that a lot of investors don’t know what they are doing. They see the momentum trade and are jumping on. GME is unique so what’s up with BBNY, AMC, and others. You were eating up all his BS and misdirection.
 
J

Jtung230

Heisman
Jun 30, 2005
18,959
12,153
82
robcac26 said:
Looks like Robinhood blocked purchases on GME, BB, NOK, and AMC according to some posts on WSB.
Click to expand...
You can’t block buying a public stock. I got a notice from WF that they can’t recommend the stock. It might be halted.
 
R

RU05

All-American
Jun 25, 2015
14,584
9,119
113
jtung230 said:
Trust me. His lawyer told him to sell and donate. Pump and dump is illegal and the SEC likes to go after the big fish. No one said it was wrong for the short squeeze, but you can’t incite a momentum trade. To the interviewer’s point, it’s now bleeding over to other names. A lot of people will lose money.
Click to expand...
He didn't incite the run though. He actually asked those that were inciting the run which trade to make.
 
J

Jtung230

Heisman
Jun 30, 2005
18,959
12,153
82
No one wants to discuss TSLA’s numbers. For a company that can sell all the cars they can make, why did they keep cutting prices? To no one’s surprise, margin is narrowing because it’s a car company.
 
R

RU05

All-American
Jun 25, 2015
14,584
9,119
113
Mark Cuban just on Squakbox taking about the GME situation, and I think he argued the point from the retailers perspective better then the guy from yesterday.

Aside from the obvious issue of the ability of a stock being %140 short, the biggest point I took was the need to limit high frequency trading if we want to level the playing field.

The situation is crazy, I don't think it's good for the market in the short term, but I do think we may see some good regulation come out of it.
 
R

RU05

All-American
Jun 25, 2015
14,584
9,119
113
jtung230 said:
No one wants to discuss TSLA’s numbers. For a company that can sell all the cars they can make, why did they keep cutting prices? To no one’s surprise, margin is narrowing because it’s a car company.
Click to expand...
Because they want to be more affordable?

Car sales expected to grow 50%. What other car company is anywhere close to that.

Disclaimer: I don't own TSLA as I think it is too expensive.
 
  • Like
Reactions: ruready07
J

Jtung230

Heisman
Jun 30, 2005
18,959
12,153
82
RU-05 said:
He didn't incite the run though. He actually asked those that were inciting the run which trade to make.
Click to expand...
Because of who he is and by disclosing his position without reason, it’s pump and dump. He should’ve just tweet it and disclose his position like Musk and Winkle twins.
 
R

RU05

All-American
Jun 25, 2015
14,584
9,119
113
jtung230 said:
What if you are long and need to sell?
Click to expand...
I was in on a penny stock, and it tanked, so I was looking to add a little more and I got him with the latin "buyer beware" tag, and I couldn't buy it. I didn't try but I figure I could sell it.
 
You must log in or register to reply here.
Top Bottom