DFD

max225 wrote: ↑Thu Feb 04, 2021 5:11 pm Hedge fund "lost" 13 billion... people lost 28B and counting...

D Griff wrote: ↑Thu Feb 04, 2021 4:51 pm So did everyone here lose it all?

Gberg2119 wrote: ↑Thu Feb 04, 2021 6:36 pm

DIAMOND HANDS ALL THE WAY DOWN TO $0!!

Detroit wrote: ↑Thu Feb 04, 2021 5:11 pm

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.

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.

Detroit wrote: ↑Thu Feb 04, 2021 5:11 pm

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.

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.

Acid666 wrote: ↑Thu Feb 04, 2021 6:49 pm

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.

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.

D Griff wrote: ↑Thu Feb 04, 2021 6:52 pm

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.

True, no reason it won't grow over time.

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.

Melon wrote: ↑Fri Jan 29, 2021 5:41 pm I also remind you all Game Stop is a failing business model, and is largely unpopular with the gaming community.

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.

CaleDeRoo wrote: ↑Mon Feb 08, 2021 7:03 pm

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.

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.

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.

wap wrote: ↑Mon Feb 08, 2021 8:06 pm

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.

Wolf of Dirk Street.
Well done, Amigo.

Desertbreh wrote: ↑Mon Feb 08, 2021 10:06 pm

wap wrote: ↑Mon Feb 08, 2021 8:06 pm

Wolf of Dirk Street.
Well done, Amigo.

Zhukov is the trained killer. I just rolled the dice and got lucky

Melon wrote: ↑Tue Feb 09, 2021 7:25 am So.

Bitcoin.

Detroit wrote: ↑Tue Feb 09, 2021 2:10 pm

Melon wrote: ↑Tue Feb 09, 2021 7:25 am So.

Bitcoin.

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.

wap wrote: ↑Tue Feb 09, 2021 3:06 pm

Detroit wrote: ↑Tue Feb 09, 2021 2:10 pm
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.

Musk also announced that he'll now take bitcoin as payment for a Tesla purchase.

wap wrote: ↑Tue Feb 09, 2021 3:06 pm

Detroit wrote: ↑Tue Feb 09, 2021 2:10 pm
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.

Musk also announced that he'll now take bitcoin as payment for a Tesla purchase.

Detroit wrote: ↑Tue Feb 09, 2021 3:11 pm

wap wrote: ↑Tue Feb 09, 2021 3:06 pm

Musk also announced that he'll now take bitcoin as payment for a Tesla purchase.

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.

wap wrote: ↑Tue Feb 09, 2021 3:44 pm

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.

I wonder if his $1.5B investment in BTC was an effort to stabilize it a bit.

Detroit wrote: ↑Tue Feb 09, 2021 3:48 pm

wap wrote: ↑Tue Feb 09, 2021 3:44 pm

I wonder if his $1.5B investment in BTC was an effort to stabilize it a bit.

Very likely, but I think it could have an inverse effect by making the price skyrocket with speculation of legitimacy. Overall I'm 100%