The GME tears will be glorious

01-28-2021, 06:38 PM

-

#121

nm1891
Registered User

nm1891
Registered User

Join Date: Apr 2012

Posts: 9,078

Rep Power: 28909

Dont know what you expected, we have an entire generation who wants to get rich quick instead of working hard and bringing value to society. Wallstreet is definitely full of greedy thieving bastards, but let’s not pretend that the same people trying to cash in quick wouldn’t be just as greedy if they were the manager of a hedge fund.

S/B/D—185/165/205 (sumo w/ straps)

01-28-2021, 06:56 PM

-

#122

p100
Banned

p100
Banned

Join Date: Sep 2011

Location: Texas, United States

Posts: 7,379

Rep Power: 0

If people want to be stupid and buy GME right now and lose their life savings then I say let them. It isn't the govt's job to take care of the stupid, it's Darwin's job. 'Protecting the stupid' means making govt bigger and more intrusive in everyone's lives which, in the end, is bad for everyone.

If the govt actually cared about people they would force fatties to exercise and tax obesity.

01-28-2021, 06:57 PM

-

#123

JewishSuperHero
Registered User

JewishSuperHero
Registered User

Join Date: Mar 2012

Location: Oklahoma, United States

Posts: 6,126

Rep Power: 27454

I have more respect for people who come out right and said they were doing it for the cash. Anyone who spent more than a few thousand to “stick it to Wall Street” is either lying or very low IQ.

You’re not going to beat them by playing their own game that they make the rules for.

01-28-2021, 07:04 PM

-

#124

ErnieMccracken

ErnieMccracken

Join Date: Nov 2013

Posts: 100,062

Rep Power: 330290

Only the wart hog can save the hedge funds now

01-28-2021, 07:50 PM

-

#125

MisterDiapers
Registered User

MisterDiapers
Registered User

Join Date: Jul 2011

Age: 36

Posts: 2,157

Rep Power: 4066

Originally Posted By JewishSuperHero⏩

I have more respect for people who come out right and said they were doing it for the cash. Anyone who spent more than a few thousand to “stick it to Wall Street” is either lying or very low IQ.

You’re not going to beat them by playing their own game that they make the rules for.

username checks out

01-29-2021, 02:52 PM

-

#126

SimpIeJack
Banned

SimpIeJack
Banned

Join Date: Jan 2021

Age: 56

Posts: 909

Rep Power: 0

Let's get this thread going again.

01-29-2021, 03:09 PM

-

#127

LinuxJon

LinuxJon

Join Date: Apr 2014

Location: California, United States

Posts: 49,073

Rep Power: 325966

The people who think hedge fund are evil and this is some religious battle.. I don't get. Because you're right, the largest companies wouldn't even be phased by some fukcery like this, and long-run will probably benefit.

I do get the fact it's cool WSB managed to pull off market manipulation that actually helped them for a change. Anyone who trades on a regular basis has realized how much MM's screw the retail traders with manipulation tactics basically every single day.

There is a real chance some retail traders make some real money here. But there has to be an exit strategy and hopefully nobody is risking money they'd care about losing. When the funds eventually cover all their short positions and most of the ITM calls have been assigned, this is gonna be a $2 stock again. But that cycle could take... days/weeks/months depending how stuff plays out.

480s / 370b / 495d / 235 x 2 SOHP

Trump 2020
DeSantis 2024
Catbrah 2032

Misc Firearms Crew
Misc Wristwatch Crew
Will sell wife's foot pics for watch/gun money crew
Definitely not a fed crew

02-01-2021, 12:20 PM

-

#128

PassiveLearner
Pretty Nice Guy

PassiveLearner
Pretty Nice Guy

Join Date: Oct 2019

Posts: 4,479

Rep Power: 38077

Originally Posted By Visel⏩

Anything that was evidently better off pre-COVID, and has the ability to either adapt or recover

Examples might be cruiselines, airlines.

Royal Caribbean Cruises Ltd was at over $113 / share in Feb 2020, now it's at $69, recovering from a 52 week minimum of $19.
Norwegian Cruise Line Holdings Ltd was at over $42 / share in Feb 2020, now it's at $24, recovering from a 52 week minimum of $7.
American Airlines Group Inc was at over $28 / share in Feb 2020, now it's at $18.10, recovering from a 52 week minimum of $8.

I'm no finance major, not even close. But looking at the numbers above, baring in mind that all minimums occurred during COVID, Norwegian Cruise Line has done a great job of rebounding, being hit especially hard out of the three by COVID, and has more to go still. Royal Caribbean Cruises has a lot more to go, as does American Airlines, if they'll ever reach their former potential... which I have no reason to say they won't.

This is pretty interesting...