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kikanga
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PostPosted: Sat Jan 30, 2021 12:42 pm    Post subject:

jonnybravo wrote:
kikanga wrote:
lakers0505 wrote:
DancingBarry wrote:
Mike@LG wrote:
^I knew it was going to hurt me.


Pretty sure I’m going to buy some funds that dipped.


Good time for long term investors, or simply hold and you will be fine.

Seems the WSB coverage is mostly low hanging fruit that the media is attracted to - it's a network effect taking advantage of a a ridiculous short.


The way CNBC talks about GME and WSB is very similar to the way they talked about Tesla and Bitcoin in the past.


I've said it a million times and I'll say it a million more, the MSM...ALL OF THEM aren't working for the common person.


The "free market" is a purified, sanctified, virgin mary that must not be touched or altered in any way.
Until the "wrong people" a.k.a. big boys lose.

The gains someone who got into GME under $50-$100 got are similar gains some of the big boys get annually on some trades. Even more so on options.

The same fiscal conservatives begging the SEC to intervene this week would threaten suicide if someone in Congress just mentioned passing a 2021 Glass-Steagall act.
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Mike@LG
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PostPosted: Sat Jan 30, 2021 1:46 pm    Post subject:

^Agreed.

Sidenote. If people are optimistic about the EV market, DRIV and IDRV etfs have good companies within their top 10 holdings.
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kikanga
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PostPosted: Sat Jan 30, 2021 2:41 pm    Post subject:

The best breakdown I've seen on GME. I hate that it comes from a billionaire. But he's right. https://youtu.be/rWEPSKkkdKQ?t=126
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PostPosted: Sat Jan 30, 2021 2:52 pm    Post subject:

kikanga wrote:
The best breakdown I've seen on GME. I hate that it comes from a billionaire. But he's right. https://youtu.be/rWEPSKkkdKQ?t=126


Chamath is scum
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kikanga
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PostPosted: Sat Jan 30, 2021 3:05 pm    Post subject:

Mike@LG wrote:
^Agreed.

Sidenote. If people are optimistic about the EV market, DRIV and IDRV etfs have good companies within their top 10 holdings.

How do you feel about ARKK?
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kikanga
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PostPosted: Sat Jan 30, 2021 3:08 pm    Post subject:

Cutheon wrote:
kikanga wrote:
The best breakdown I've seen on GME. I hate that it comes from a billionaire. But he's right. https://youtu.be/rWEPSKkkdKQ?t=126


Chamath is scum


I wouldn't vote for him for CA Governor. In terms of politics, he is scum. But I think his description of events is accurate.
Even the third party who joins the discussion later in the discussion agrees with DB, AP, and Mhan's description of Robinhood's actions.
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Last edited by kikanga on Sat Jan 30, 2021 4:01 pm; edited 2 times in total
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Mike@LG
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PostPosted: Sat Jan 30, 2021 3:15 pm    Post subject:

kikanga wrote:
Mike@LG wrote:
^Agreed.

Sidenote. If people are optimistic about the EV market, DRIV and IDRV etfs have good companies within their top 10 holdings.

How do you feel about ARKK?


Huge fan. I'm in the LT option game. Even with a small investment, I was up 200% in 2 months. This is more my style.

Big fan of Cathie Wood. Read about the requirements for the companies to even enter the ETF. Big CAGR and proven companies. Actively managed and there's a ton of exchanges of buy/sell on a weekly basis.

Also read the Big ideas of Ark Invest 2021. This is more about future long term projection of where things are heading, so for me when it comes to the car biz (15 year career there) and startups (solid 4 years of exp), and seeing how tech gets integrated into both, this is right down my alley.
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kikanga
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PostPosted: Sat Jan 30, 2021 3:30 pm    Post subject:

Mike@LG wrote:
kikanga wrote:
Mike@LG wrote:
^Agreed.

Sidenote. If people are optimistic about the EV market, DRIV and IDRV etfs have good companies within their top 10 holdings.

How do you feel about ARKK?


Huge fan. I'm in the LT option game. Even with a small investment, I was up 200% in 2 months. This is more my style.

Big fan of Cathie Wood. Read about the requirements for the companies to even enter the ETF. Big CAGR and proven companies. Actively managed and there's a ton of exchanges of buy/sell on a weekly basis.

Also read the Big ideas of Ark Invest 2021. This is more about future long term projection of where things are heading, so for me when it comes to the car biz (15 year career there) and startups (solid 4 years of exp), and seeing how tech gets integrated into both, this is right down my alley.


Couldn't agree more. Especially Cathie Wood. 6 months from now ARK Innovation ETF will be worth more than it is now.
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Mike@LG
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PostPosted: Sat Jan 30, 2021 3:47 pm    Post subject:

kikanga wrote:
Mike@LG wrote:
kikanga wrote:
Mike@LG wrote:
^Agreed.

Sidenote. If people are optimistic about the EV market, DRIV and IDRV etfs have good companies within their top 10 holdings.

How do you feel about ARKK?


Huge fan. I'm in the LT option game. Even with a small investment, I was up 200% in 2 months. This is more my style.

Big fan of Cathie Wood. Read about the requirements for the companies to even enter the ETF. Big CAGR and proven companies. Actively managed and there's a ton of exchanges of buy/sell on a weekly basis.

Also read the Big ideas of Ark Invest 2021. This is more about future long term projection of where things are heading, so for me when it comes to the car biz (15 year career there) and startups (solid 4 years of exp), and seeing how tech gets integrated into both, this is right down my alley.


Couldn't agree more. Especially Cathie Wood. 6 months from now ARK Innovation ETF will be worth more than it is now.


I go 2 years out and then rollover into more options or just pull it between 6mo to 18mo. Never wait the full 24.
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kikanga
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PostPosted: Sat Jan 30, 2021 3:48 pm    Post subject:

Mike@LG wrote:
kikanga wrote:
ARK Innovation ETF will be worth more than it is now.


I go 2 years out and then rollover into more options or just pull it between 6mo to 18mo. Never wait the full 24.



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PostPosted: Sun Jan 31, 2021 7:56 am    Post subject:

Melvin Capital ends month with over $8 billion in assets after investors added cash: source https://reut.rs/39Au8Nv

Down from $12.5bil, but other hedge funds GAVE Melvin Capital billions.
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audioaxes
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PostPosted: Sun Jan 31, 2021 11:38 am    Post subject:

I moved to mostly cash. This is a scary time where brokers are basically restricting traders from stocks are that running too hot and then hedge funds are signally huge sell offs the more GME runs up.
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Baron Von Humongous
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PostPosted: Mon Feb 01, 2021 8:34 am    Post subject:

Baron Von Humongous wrote:
Baron Von Humongous wrote:
Baron Von Humongous wrote:
Baron Von Humongous wrote:
LakesGnrLake wrote:
Baron Von Humongous wrote:
Baron Von Humongous wrote:
Baron Von Humongous wrote:
brb, gonna go invest my life savings into tulips and Hot Topic.

Update: reddit user 2ftd0nkeyd0ng2867 is telling us all to hold the line on HOTT

Update: reading about blockchain. Have you guys heard of this?


I'm hoping this funnels everyone to crypto and DeFi after this fiasco.

It's all a con game. The only way to win is to not play by their rules.

Update: my wife wants a divorce, but I'm sure this will blow over. I'll be posting from the La Quinta near the highway for a little bit.

Update: working with some new online friends I made on 8chan to pool our dogecoin and buy options on Build-A-Bear Workshop, Inc. You guys should jump in so we can squeeze the new Porsches out of these HF fat cats.

Update: hold the line, you (bleep)! Buy the dip! Selling is for (bleep)!

HOLD*THE*LINE

Update: you (bleep) didn't hold the line and now all I can buy with my dogecoin is heroin and guns with the serial numbers filed off.

Hey, did you guys know that if you pay three months utilities at an abandoned property you become the legal owner?
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jonnybravo
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PostPosted: Mon Feb 01, 2021 12:08 pm    Post subject:

Lot of commitment for no funnies.
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DancingBarry
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PostPosted: Mon Feb 01, 2021 1:42 pm    Post subject:

jonnybravo wrote:
Lot of commitment for no funnies.


I lol'd when he updated on staying at La Quinta.
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kikanga
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PostPosted: Mon Feb 01, 2021 2:51 pm    Post subject:

DancingBarry wrote:
jonnybravo wrote:
Lot of commitment for no funnies.


I lol'd when he updated on staying at La Quinta.


A major joke on there is "I'll show my wife's bf". Alot of self deprecation on that sub. But maybe he is at a La Quinta. It's possible.
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PostPosted: Mon Feb 01, 2021 4:25 pm    Post subject:

Group project for this thread? I'm kind of curious about ETFs that were doing fine pre-pandemic, took a dive like everything else and have been steadily rising but are still under their pre-pandemic pricing.

Also, any thoughts on ENZL ETF (New Zealand)? It has been around its all-time high. I've had this since 2016. It's rebounded extremely well since March (up about 100%). I imagine it will continue to do well for a little still. But after the pandemic?
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PostPosted: Tue Feb 02, 2021 5:15 am    Post subject:

kikanga wrote:
lakers0505 wrote:
DancingBarry wrote:
Mike@LG wrote:
^I knew it was going to hurt me.


Pretty sure I’m going to buy some funds that dipped.


Good time for long term investors, or simply hold and you will be fine.

Seems the WSB coverage is mostly low hanging fruit that the media is attracted to - it's a network effect taking advantage of a a ridiculous short.


The way CNBC talks about GME and WSB is very similar to the way they talked about Tesla and Bitcoin in the past.

Also noticed that. Naval Ravikant made interesting posts about WSB situation on his Twitter. Maybe in the foreseeable future we will see the new decentralised economy. That would be great I guess.
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Baron Von Humongous
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PostPosted: Tue Feb 02, 2021 7:22 am    Post subject:

Buy the dip everybody
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lakersken80
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PostPosted: Tue Feb 02, 2021 8:06 am    Post subject:

GME back to earth.
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PostPosted: Tue Feb 02, 2021 8:44 am    Post subject:

lakersken80 wrote:
GME back to earth.


Wow, same price as when I almost bought it last Tuesday.
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Omar Little
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PostPosted: Tue Feb 02, 2021 8:49 am    Post subject:

kikanga wrote:
jonnybravo wrote:
kikanga wrote:
lakers0505 wrote:
DancingBarry wrote:
Mike@LG wrote:
^I knew it was going to hurt me.


Pretty sure I’m going to buy some funds that dipped.


Good time for long term investors, or simply hold and you will be fine.

Seems the WSB coverage is mostly low hanging fruit that the media is attracted to - it's a network effect taking advantage of a a ridiculous short.


The way CNBC talks about GME and WSB is very similar to the way they talked about Tesla and Bitcoin in the past.


I've said it a million times and I'll say it a million more, the MSM...ALL OF THEM aren't working for the common person.


The "free market" is a purified, sanctified, virgin mary that must not be touched or altered in any way.
Until the "wrong people" a.k.a. big boys lose.

The gains someone who got into GME under $50-$100 got are similar gains some of the big boys get annually on some trades. Even more so on options.

The same fiscal conservatives begging the SEC to intervene this week would threaten suicide if someone in Congress just mentioned passing a 2021 Glass-Steagall act.


There’s never been the idea of having an actual free market, that’s just pap fed to rubes along with other canards like massively lowering taxes increases the economy so much it brings back more revenue and regulations hurt everybody and higher wages kill the economy.
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PostPosted: Tue Feb 02, 2021 9:05 am    Post subject:

lakersken80 wrote:
GME back to earth.


There’s a Reddit user Deep(bleeping)Value who has been posting screenshots of his GME holdings since last year. IIRC, he started with a 50k investment in GME around mid-2020, last week he had an account value of $47million. If those screenshots are true, he wanted to show that he hadn’t sold yet and had “diamond 💎 🖐 hands”. His latest post showed a $5million loss yesterday, if anything, redditors probably took that as a sign to take profits while its still possible.
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lakersken80
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PostPosted: Tue Feb 02, 2021 10:17 am    Post subject:

XTC wrote:
lakersken80 wrote:
GME back to earth.


There’s a Reddit user Deep(bleeping)Value who has been posting screenshots of his GME holdings since last year. IIRC, he started with a 50k investment in GME around mid-2020, last week he had an account value of $47million. If those screenshots are true, he wanted to show that he hadn’t sold yet and had “diamond 💎 🖐 hands”. His latest post showed a $5million loss yesterday, if anything, redditors probably took that as a sign to take profits while its still possible.


He was the guy who got everyone onto the scheme, he'll be fine. Its everyone else who bought in when the stock was in the hundreds who have the potential to incur big losses if this thing tanks.
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PostPosted: Tue Feb 02, 2021 10:47 am    Post subject:

Thoughts on Nokia? At 4.50 right now.
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