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Quick Navigation Bottom Misc
Forum » The total lack of finance and market knowledge on the Misc is ASTOUNDING
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Thread: The total lack of finance and market knowledge on the Misc is ASTOUNDING

post 1629904343 01-28-2021, 12:43 AM
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#1
  1. CptClean
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The total lack of finance and market knowledge on the Misc is ASTOUNDING

I've never seen so many totally retarded and wrong posts in a day ever before and I have been on this forum for 14 years.

Seriously you guys spend this much time on the internet and still have no clue how any of this works?
One day scientists are going to kill us all.
post 1629904503 01-28-2021, 12:49 AM
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Sure, but our knowledge of canthal tilt is elite level
post 1629904723 01-28-2021, 12:58 AM
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#3
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Originally Posted By Kewbrah⏩
Sure, but your knowledge of canthal tilt is elite level
Fukken lmao @ negative canthal tilt plebs

I have a g10 education and you guys are hurting my head.
One day scientists are going to kill us all.
post 1629904813 01-28-2021, 01:01 AM
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Misc has predicted BTC, GME, etc. Even predicted Greg Plitt dying...
"If in my say 80 years on earth I do more help than damage, then I feel complete."

"I feel grateful every day I wake up, I know I’m already on borrowed time"

-Snailsrus aka Lauren Kelly RIP
post 1629904863 01-28-2021, 01:02 AM
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Originally Posted By AgRyan⏩
Misc has predicted BTC, GME, etc. Even predicted Greg Plitt dying...
misc is like a week behind reddit
post 1629904933 01-28-2021, 01:04 AM
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  1. ErnieMccracken
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I have to ignore most of the "finance" threads or I'd go insane. The best is when you correct something blatantly wrong only to have them neg you and call you an idiot lol.
post 1629908873 01-28-2021, 04:12 AM
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  1. ErnieMccracken
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Originally Posted By Anachron⏩
Yes, you should stick to your weekly Sunday night cope threads.
I mostly make that thread just for you.
post 1629910153 01-28-2021, 05:00 AM
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Stonks only go up
post 1629910633 01-28-2021, 05:17 AM
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Finance is ghey

I don’t even know why I work in this field

Cheers
post 1629910643 01-28-2021, 05:17 AM
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Originally Posted By CptClean⏩
I've never seen so many totally retarded and wrong posts in a day ever before and I have been on this forum for 14 years.

Seriously you guys spend this much time on the internet and still have no clue how any of this works?
Most people have no idea how anything works. 60% of people don't know how to put on their spare tire, let alone how a car works, yet they drive one daily. Most people have no idea how the internet works yet would die if it was down a week. Keep these things in mind when they give you any kind of advice.
post 1629911533 01-28-2021, 05:41 AM
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Agreed OP. Which is why I always do the polar opposite of what what everyone here says. Especially Venom.
Always Neg Back Crew.
post 1629947403 01-28-2021, 01:16 PM
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Post deleted by user
post 1629947873 01-28-2021, 01:23 PM
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I got negged to the gills for telling holders of BB, AMC, BBBY to get the **** out of those positions. People think they are on some hedgefund heist where everyone makes money and wins, but dont realize they are just in a modern day pump and dump scheme (something that's been around for as long as the stock market) which will produce just as many losers as winners - talking common people here not just a hedgefund.

Felt good about my quick 2 day 40% return but when I saw the misc and my knuckle dragging friends saying 'buy AMC! buy BB!' etc. I knew it was time to GTFO
post 1629947893 01-28-2021, 01:23 PM
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This is most of America tho, its interesting tho when you're actually knowledgeable about a subject and hear miscers speak on it and be about 75-80% wrong
post 1629947913 01-28-2021, 01:23 PM
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mirin
post 1629947923 01-28-2021, 01:23 PM
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Yeah bruh, mind blown that a dying forum of frauding bodybuilders, have little to no knowledge of the intricacies of the financial industry and stock trading.
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post 1629948083 01-28-2021, 01:26 PM
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Originally Posted By BootneckBrah⏩
Yeah bruh, mind blown that a dying forum of frauding bodybuilders, have little to no knowledge of the intricacies of the financial industry and stock trading.
Pretty sure it's spelt "stonks".

Wat
Formerly HandBrah, LipBrah & FootBrah
they call me Don Taters
NYM
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post 1629948213 01-28-2021, 01:27 PM
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I usually dont go on bodybuilding forum miscellaneous sections for investment advise
Subscribe for extra premium content (no noodz sorry guys)
post 1629948433 01-28-2021, 01:29 PM
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I have yet to find a better example than misc

post 1629948523 01-28-2021, 01:31 PM
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It's not just the Misc. WSB was full of people last night asking why their orders weren't filling and the share prices were stagnant at 11pm.

This got picked up as a pop culture story and most people now interested have never owned a stock in their life.
480s / 370b / 495d / 235 x 2 SOHP

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Definitely not a fed crew
post 1629948583 01-28-2021, 01:32 PM
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Fairly evident with there being new threads spammed regarding the market non-stop.

There is 5 currently on the first page.

Mouth breathers.

If only there was a sub forum dedicated to finance..
post 1629949783 01-28-2021, 01:49 PM
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#22
  1. Kewbrah
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Originally Posted By ErnieMccracken⏩
I have yet to find a better example than misc

I actually disagree. Misc is way less of an echo chamber than most of the internet, coz you will actually be called out and challenged and called a ******* here. Most places people interact now don’t even require a confirmation bias because it is 100% confirmation.

Misc is bad, but there is much worse out there
post 1629952633 01-28-2021, 02:25 PM
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#23
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good description of Gamestop WSB drama

post 1629952783 01-28-2021, 02:27 PM
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#24
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Why don’t you enlighten everybody then, CptCuck
"Stop sitting back saying yeah man, I wanna be this, I wanna be that, grab your phucking nuts and be it" -Greg Plitt

Can't edit avi, mod tried to help but he couldn't figure it out either
post 1629955433 01-28-2021, 02:58 PM
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#25
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Big deal you can know everything about it and still be wrong so go fuk yourself op
post 1629955903 01-28-2021, 03:05 PM
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lmao ops too late to the partynot going to the moon with us brah?
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post 1629955953 01-28-2021, 03:05 PM
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#27
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Originally Posted By DeathByLight⏩
good description of Gamestop WSB drama

what I'm fuzzy on Is where the money comes from

The price goes up on paper ,he bets 50k and cashes out at 47mill

Who pays him the money ,the brokerage after the hedge fund sells them back ?
post 1629961513 01-28-2021, 04:15 PM
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Bueller ?
post 1629962333 01-28-2021, 04:27 PM
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Originally Posted By meanstringbean⏩
I got negged to the gills for telling holders of BB, AMC, BBBY to get the **** out of those positions. People think they are on some hedgefund heist where everyone makes money and wins, but dont realize they are just in a modern day pump and dump scheme (something that's been around for as long as the stock market) which will produce just as many losers as winners - talking common people here not just a hedgefund.

Felt good about my quick 2 day 40% return but when I saw the misc and my knuckle dragging friends saying 'buy AMC! buy BB!' etc. I knew it was time to GTFO
heres the thing literally no one knows when its time to get out at this point, i mean god damn if i didnt watch it happen id have called you a retard for saying gme would ever reach 500 but ill be god damned if it didnt crack it. this once in a lifetime volatility right here this will be in finance and history books for decades. This is a modern day enron with how much of a political mess its about to become

but with that said yeah theres an absolute chit ton of people who know absolutely 0 about the market who are about to go bankrupt from this, its going to be a very scary ride down for a lot of people
Official LTC representative
post 1629963383 01-28-2021, 04:43 PM
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#30
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Originally Posted By jademaster⏩
An option is essentially a contract between two people. So when this guy bought call options on Gamestop, someone else had to sell the options to him.

So if he paid 55k for his options, and now they're worth $47 million, whoever sold him the option is on the hook for all of that money.

Typically options are sold by large financial companies that can hedge their options trades to prevent large losses. Also, when someone sells an option, they sell it using a broker, and the broker will make sure they have enough money in their account to pay out if the option becomes worth a lot and they lose money.

If this guy wants to sell some of his options and take a profit, he doesn't need to sell the options back to the person who originally sold them to him. Like shares of stock, options contracts are interchangeable with each other, and he can sell them to a third person.

Instead of selling his options, he can also exercise them. If the option gives him the right to buy Gamestop at $12/share, exercising the option means he pays $12 to whoever sold it to him, and the seller has to give him a share of Gamestop. Then he can sell the stock for cash, or keep it.
How can a third person buy them ,if he doesn't sell them back to the brokerage that sold them to him ,how are they on the hook ?

The only way he can cash out is to sell no?

And who is gonna buy them at 47 mill ?

He's basically got a bunch of stuff worth x on paper

But unless someone buys them ,he's got nothing

What am I missing
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