That's the bitch of it.
But "lost" is only hypothetical. I'm curious to see how many bought above $100 and sold under like now. THAT'S real loss, and I doubt it's actually 28B.
That's the bitch of it.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
You only lose when you sell. Those of us that bought and haven't sold still own shares, and they have some bit of value. Not what many paid (like myself), but I actually think there's some potential for the price to reach a sustainable ~$100ish price in a few years if things work out right. Then I'd get half my money back But, I'm not counting on it.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
was my position when I bought the stock.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
This is my plan. My buddy told me that he was going to invest last year when he found out that gamestop was trying to get into the competitive game streaming arena... then covid hit so he bailed. Now that they've hired a few people that can help them make some of this happen there's some potential for it to grow in the future. Might be worth it down the road.Detroit wrote: ↑Thu Feb 04, 2021 5:11 pmI was honest with myself when I got in...it was 100% gambling and when I bought the shares I assumed that money was flushed down the drain.D Griff wrote: ↑Thu Feb 04, 2021 4:55 pm
That is a good perspective, I would've been all
I am happy that the hedge funders lost some billions , that is pretty worthy. I'm sure someone cashed out at the right time and actually got rich as well, which is amusing to think about. I hope to someday meet someone in life that made millions in such a stupid way. It is rare but it does happen, I'd be curious to hear where life takes a person after that.
There's still people with huge gains who got in when the stock price was under $10. Those folks are in great positions, and some likely got rich by selling some options or something at the high.
I will say this.
I debated selling. I really did. But then I started digging into GameStop, and I do think there's potential there from a core business proposition. Ryan Cohen who started and sold Chewy bought up a bunch of GME last year to get on the board, and has been pushing to take the company more ecommerce and digital. Just today GameStop announced that they hired the former head of Amazon tech services as CTO. That's the type of person that could bring an ecommerce vision to life. They might have some ability to leverage their brick and mortar presence in a creative mix with digital, and gaming in general isn't going down...look at PS5/xBox/Switch sales...sold out everywhere. They are bleeding cash and the balance sheet is iffy, but the opportunity combined with a proven tech dude on the board, I think GameStop might actually have a bright future as a company. I doubt the shares will ever be worth what I paid, but I could very likely recover some losses by holding and letting the natural market drive up share price if the company ends up being successful. I can't touch this money for 24 years, so it's worth seeing what happens. I don't think it's all doom and gloom.
All those fuckers that got into AMC though, they're screwed. That company appears to be toast.
True, no reason it won't grow over time.Detroit wrote: ↑Thu Feb 04, 2021 5:11 pmI was honest with myself when I got in...it was 100% gambling and when I bought the shares I assumed that money was flushed down the drain.D Griff wrote: ↑Thu Feb 04, 2021 4:55 pm
That is a good perspective, I would've been all
I am happy that the hedge funders lost some billions , that is pretty worthy. I'm sure someone cashed out at the right time and actually got rich as well, which is amusing to think about. I hope to someday meet someone in life that made millions in such a stupid way. It is rare but it does happen, I'd be curious to hear where life takes a person after that.
There's still people with huge gains who got in when the stock price was under $10. Those folks are in great positions, and some likely got rich by selling some options or something at the high.
I will say this.
I debated selling. I really did. But then I started digging into GameStop, and I do think there's potential there from a core business proposition. Ryan Cohen who started and sold Chewy bought up a bunch of GME last year to get on the board, and has been pushing to take the company more ecommerce and digital. Just today GameStop announced that they hired the former head of Amazon tech services as CTO. That's the type of person that could bring an ecommerce vision to life. They might have some ability to leverage their brick and mortar presence in a creative mix with digital, and gaming in general isn't going down...look at PS5/xBox/Switch sales...sold out everywhere. They are bleeding cash and the balance sheet is iffy, but the opportunity combined with a proven tech dude on the board, I think GameStop might actually have a bright future as a company. I doubt the shares will ever be worth what I paid, but I could very likely recover some losses by holding and letting the natural market drive up share price if the company ends up being successful. I can't touch this money for 24 years, so it's worth seeing what happens. I don't think it's all doom and gloom.
All those fuckers that got into AMC though, they're screwed. That company appears to be toast.
Yea, which is why it's wise to hold at this point. Nobody really owns e-commerce gaming on its own. Between the competitive gaming thing and massive brick and mortar presence, they could have something.Acid666 wrote: ↑Thu Feb 04, 2021 6:49 pmThis is my plan. My buddy told me that he was going to invest last year when he found out that gamestop was trying to get into the competitive game streaming arena... then covid hit so he bailed. Now that they've hired a few people that can help them make some of this happen there's some potential for it to grow in the future. Might be worth it down the road.Detroit wrote: ↑Thu Feb 04, 2021 5:11 pm
I was honest with myself when I got in...it was 100% gambling and when I bought the shares I assumed that money was flushed down the drain.
There's still people with huge gains who got in when the stock price was under $10. Those folks are in great positions, and some likely got rich by selling some options or something at the high.
I will say this.
I debated selling. I really did. But then I started digging into GameStop, and I do think there's potential there from a core business proposition. Ryan Cohen who started and sold Chewy bought up a bunch of GME last year to get on the board, and has been pushing to take the company more ecommerce and digital. Just today GameStop announced that they hired the former head of Amazon tech services as CTO. That's the type of person that could bring an ecommerce vision to life. They might have some ability to leverage their brick and mortar presence in a creative mix with digital, and gaming in general isn't going down...look at PS5/xBox/Switch sales...sold out everywhere. They are bleeding cash and the balance sheet is iffy, but the opportunity combined with a proven tech dude on the board, I think GameStop might actually have a bright future as a company. I doubt the shares will ever be worth what I paid, but I could very likely recover some losses by holding and letting the natural market drive up share price if the company ends up being successful. I can't touch this money for 24 years, so it's worth seeing what happens. I don't think it's all doom and gloom.
All those fuckers that got into AMC though, they're screwed. That company appears to be toast.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
I worked for a failing dot com bust auto website that was still public. Dealing with regulations and relentless push for quarterly profits and other as a result of being public just sucked.D Griff wrote: ↑Thu Feb 04, 2021 6:52 pmTrue, no reason it won't grow over time.Detroit wrote: ↑Thu Feb 04, 2021 5:11 pm
I was honest with myself when I got in...it was 100% gambling and when I bought the shares I assumed that money was flushed down the drain.
There's still people with huge gains who got in when the stock price was under $10. Those folks are in great positions, and some likely got rich by selling some options or something at the high.
I will say this.
I debated selling. I really did. But then I started digging into GameStop, and I do think there's potential there from a core business proposition. Ryan Cohen who started and sold Chewy bought up a bunch of GME last year to get on the board, and has been pushing to take the company more ecommerce and digital. Just today GameStop announced that they hired the former head of Amazon tech services as CTO. That's the type of person that could bring an ecommerce vision to life. They might have some ability to leverage their brick and mortar presence in a creative mix with digital, and gaming in general isn't going down...look at PS5/xBox/Switch sales...sold out everywhere. They are bleeding cash and the balance sheet is iffy, but the opportunity combined with a proven tech dude on the board, I think GameStop might actually have a bright future as a company. I doubt the shares will ever be worth what I paid, but I could very likely recover some losses by holding and letting the natural market drive up share price if the company ends up being successful. I can't touch this money for 24 years, so it's worth seeing what happens. I don't think it's all doom and gloom.
All those fuckers that got into AMC though, they're screwed. That company appears to be toast.
I wonder how all of this impacted people who work for GameStop. I've never been at a publicly traded company, seems like a wild ride.
My company is always talking of going public... I would honestly prefer it not be based on what I do know. It sounds like pressure goes up a lot in sales in those conditions. It would be cool to get some kind of share in it though.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
And for this reason, I am out.
Nice grab!Desertbreh wrote: ↑Mon Feb 08, 2021 6:33 pm So. We have this customer. Kicked ass for him, got him dismissed on a motion in some pretty complex litigation. This brother lives in a RITZY urban apartment in an undisclosed major city right next to Ron. Guy just wouldn't pay his bill for YEARS, crying poor (bill was not huge). We agree to a payment plan. I decide we're going to open a brokerage account completely dedicated to this clown's payment trickle. Right out of the box, I bought 110 shares of MGNI (Magnite), some kind of streaming television advertising business, for $6 and change in August Partly because I only had $750 from this asshat. This was a random "3 possible10 baggers" article pick in the Motley fool. That was like in August. Today it closed at 58.65. Without doubt the best stock pick I've ever had. I also have shares of another stock in the article which really hasn't done shit.
Pretty crazy.CaleDeRoo wrote: ↑Mon Feb 08, 2021 7:03 pmNice grab!Desertbreh wrote: ↑Mon Feb 08, 2021 6:33 pm So. We have this customer. Kicked ass for him, got him dismissed on a motion in some pretty complex litigation. This brother lives in a RITZY urban apartment in an undisclosed major city right next to Ron. Guy just wouldn't pay his bill for YEARS, crying poor (bill was not huge). We agree to a payment plan. I decide we're going to open a brokerage account completely dedicated to this clown's payment trickle. Right out of the box, I bought 110 shares of MGNI (Magnite), some kind of streaming television advertising business, for $6 and change in August Partly because I only had $750 from this asshat. This was a random "3 possible10 baggers" article pick in the Motley fool. That was like in August. Today it closed at 58.65. Without doubt the best stock pick I've ever had. I also have shares of another stock in the article which really hasn't done shit.
I'm probably going to subscribe to the fool when I'm ready to dump some money in the market for real.Desertbreh wrote: ↑Mon Feb 08, 2021 6:33 pm So. We have this customer. Kicked ass for him, got him dismissed on a motion in some pretty complex litigation. This brother lives in a RITZY urban apartment in an undisclosed major city right next to Ron. Guy just wouldn't pay his bill for YEARS, crying poor (bill was not huge). We agree to a payment plan. I decide we're going to open a brokerage account completely dedicated to this clown's payment trickle. Right out of the box, I bought 110 shares of MGNI (Magnite), some kind of streaming television advertising business, for $6 and change in August Partly because I only had $750 from this asshat. This was a random "3 possible10 baggers" article pick in the Motley fool. That was like in August. Today it closed at 58.65. Without doubt the best stock pick I've ever had. I also have shares of another stock in the article which really hasn't done shit.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
Wolf of Dirk Street.Desertbreh wrote: ↑Mon Feb 08, 2021 6:33 pm So. We have this customer. Kicked ass for him, got him dismissed on a motion in some pretty complex litigation. This brother lives in a RITZY urban apartment in an undisclosed major city right next to Ron. Guy just wouldn't pay his bill for YEARS, crying poor (bill was not huge). We agree to a payment plan. I decide we're going to open a brokerage account completely dedicated to this clown's payment trickle. Right out of the box, I bought 110 shares of MGNI (Magnite), some kind of streaming television advertising business, for $6 and change in August Partly because I only had $750 from this asshat. This was a random "3 possible10 baggers" article pick in the Motley fool. That was like in August. Today it closed at 58.65. Without doubt the best stock pick I've ever had. I also have shares of another stock in the article which really hasn't done shit.
Zhukov is the trained killer. I just rolled the dice and got luckywap wrote: ↑Mon Feb 08, 2021 8:06 pmWolf of Dirk Street.Desertbreh wrote: ↑Mon Feb 08, 2021 6:33 pm So. We have this customer. Kicked ass for him, got him dismissed on a motion in some pretty complex litigation. This brother lives in a RITZY urban apartment in an undisclosed major city right next to Ron. Guy just wouldn't pay his bill for YEARS, crying poor (bill was not huge). We agree to a payment plan. I decide we're going to open a brokerage account completely dedicated to this clown's payment trickle. Right out of the box, I bought 110 shares of MGNI (Magnite), some kind of streaming television advertising business, for $6 and change in August Partly because I only had $750 from this asshat. This was a random "3 possible10 baggers" article pick in the Motley fool. That was like in August. Today it closed at 58.65. Without doubt the best stock pick I've ever had. I also have shares of another stock in the article which really hasn't done shit.
Well done, Amigo.
Definition of the stock market in general.Desertbreh wrote: ↑Mon Feb 08, 2021 10:06 pmZhukov is the trained killer. I just rolled the dice and got lucky
Tesla threw 1.5B at it, so it's going to the moon now. Incredible vote of confidence in the currency, but I still don't get it. Bitcoin is almost as fake as wallstreet.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
It might start the legitimization of BTC as a real currency. The hardest thing is volatility in the value will be a nightmare for corporate accounting. How do you price a vehicle in BTC, and if the value tanks, the company just lost money on that vehicle sale. On the flip, it could be very profitable.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.
I wonder if his $1.5B investment in BTC was an effort to stabilize it a bit.Detroit wrote: ↑Tue Feb 09, 2021 3:11 pmIt might start the legitimization of BTC as a real currency. The hardest thing is volatility in the value will be a nightmare for corporate accounting. How do you price a vehicle in BTC, and if the value tanks, the company just lost money on that vehicle sale. On the flip, it could be very profitable.
I'm very interested in watching this unfold. Still not buying BTC, especially not now. I learned my lesson for jumping in at the top of any hype.
Very likely, but I think it could have an inverse effect by making the price skyrocket with speculation of legitimacy. Overall I'm 100%wap wrote: ↑Tue Feb 09, 2021 3:44 pmI wonder if his $1.5B investment in BTC was an effort to stabilize it a bit.Detroit wrote: ↑Tue Feb 09, 2021 3:11 pm
It might start the legitimization of BTC as a real currency. The hardest thing is volatility in the value will be a nightmare for corporate accounting. How do you price a vehicle in BTC, and if the value tanks, the company just lost money on that vehicle sale. On the flip, it could be very profitable.
I'm very interested in watching this unfold. Still not buying BTC, especially not now. I learned my lesson for jumping in at the top of any hype.
Desertbreh wrote: ↑Tue Oct 10, 2017 6:40 pm My guess would be that Chris took some time off because he has read the dialogue on this page 1,345 times and decided to spend some of his free time doing something besides beating a horse to death.