Nobody said I had to wait a day to be extremely wealthy with my 20 shares of Nokia. I figured I could pull 5k yet today.
2021 Stock Market
- Thread starter Mtowncyclone13
- Start date
Nobody said I had to wait a day to be extremely wealthy with my 20 shares of Nokia. I figured I could pull 5k yet today.
I wonder what role high frequency traders/computers have had on this effect. I am sure one of the criteria that those programs use would be volume.
u/deep*******value
******* is the F word.
He has a YouTube channel named Roaring Kitty. Dude is a legend.
Goodness that's a great interview. Chamath is so clear and concise in his answers - and the CNBC guy basically responds as if he's saying the sky is green...
then at 8-9 minutes in the CNBC guys decides that the government is the problem because the regulators didn't stop it - when CNBC's whole ******* motive is to destroy regulation.
It's actually called being a whale. A lot of super rich Chinese people have been known to do it to the US market on penny stocks
The four most dangerous words in investing are: “This time it’s different”
Sir John Templeton
Sir John Templeton
Yea I bought 100 shares slight after it came out that someone had bought JCP and said he was going to bring them back. Got them at like .4 and it hasn't done anything but tank since. Oh well. It's only 40 bucks, but man if they brought that one up, i would be very happy haha
there was mention of an old rich DB that held millions(?) of shares and I suspect it was a way for him to make money off of penny/nickel moves while keeping GameStop alive.
Just to show everybody what he looks like...
I think we just found what Steele Jantz is up to.
the thing about the questions is that the host was trying to get Chamath to justify that the companies "deserve" to be at a certain stock price. Which is ******** - it's a story they tell themselves, but it's all made up.
this appears to be to tear the mask off the stock market and expose it as a joke. a "game" as the host kept saying.
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Agreed. The value is what the market says it is. That interviewer did not leave a good impression
The real question is when does it now make sense to short GME? I was talking about this with co-workers, and none of us have the balls to do it.
The "entrenched poverty" line was a little off the mark, but the rest....
Stick it to The Man! But don't expect The Man to just let you do it.
He started noticing this trend in 2019. He took options and stocks and kept rolling into more and more as the price went up. Started at 53k. He might be close to 50mill+ at the end of today.
He was always just posting away on WSB but then Michael Burry (IRL Christian Bale from Big Short) came in and saw the same **** and that was the first big bump to 14. Then Ryan Cohen came in and became a board director and that started the chain reaction back in December until now. Somewhere around the first week of January there was the Melvin Capital group that came out publicly and said GME was a bad investment (after already losing their shorts at the end of December). That riled up the crowd as the methodically moved up. The a quick short squeeze followed by a gamma squeeze followed by this current swell is where we are today.
