241–250 of 277 posts
"It’s a bunch of autistic losers that live in their mom’s basement who are gambling what little money they have to try and become rich to live lifestyles of hedonism." Clearly written by someone who has never interacted with the community beyond reading the sidebar on reddit. Also explains why the rest of the article is mostly wrong.
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One sided? You buy, and you sell. The price goes down if there are more sellers than buyers. This is how it worked until the “professionals” invented all of this ridiculous nonsense so they could gamble on the markets. Buy or sell. And nothing more.
Short selling came in the seventeenth century with the rest of stock markets. You can’t really have a functional market without it.
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One sided? You buy, and you sell. The price goes down if there are more sellers than buyers. This is how it worked until the “professionals” invented all of this ridiculous nonsense so they could gamble on the markets. Buy or sell. And nothing more.
In that case, you would need to get rid of derivative markets and perhaps leveraging mechanism such as margins. I do believe banning certain instruments from the market can have a positive effect, but I'm not sure if short-sell is one of them.
Fulfill that purpose, and the leave the gamblers to find something else to do for a living. They add no value to the market or to society.
This post is a great tutorial in why we shouldn't derive meaning from expressed language. Imagine if you sat in a room of software engineers and tried to make conclusions about their life views based on their jargon: "I think what they're saying is you just need to form a single value store and react to it, dividing life into small composable micro components that are DRY. We can really comprehend how this minimalism…
>Language like WSB uses is meant to frustrate outsiders and limit posers. This is true, but WSB is also fundamentally nihilistic. 4Chan started as teenage boys from middle class families saying bad things for and fun trolling for fun. "haha lol normies take it seriously" Typical teenage nihilism that is normally not very harmful. Then it gradually escalated into really hurting people and crazy people joining. https:/…
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> There is no reason for GME to be where it is, in a traditional analysis sense, other than WSB talking about them. It isn't possible to assert that there is no other reason. The world is very large, there are a lot of people in it and strange things happen. Us not being able to think of a reason apart from WSB is different from WSB being a cause of something.
That is why I said 'in a traditional analysis sense.' It defies all traditional stock / economic analysis. There is nothing significantly better about Game Stop's actual business today compared to say Sept 1st. Sep 1: $7.65 Nov 2: $10.75 Jan 4: $17.25 (125% Gain here already) Jan 25: Intraday high: $159.18 (More than 20x Sep 1), Close $76.79 (Right about 10x Sep 1) There is nothing in any form of business analysis th…
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This is what's really pissing off a lot of people who think they're "somebodies" in the finance world. A bunch of people who didn't attend Columbia, Harvard, and Yale Business Schools are using a fucking phone app to do what only they used to be able to do - manipulate the market. And its pissing them off. For decades, these arrogant little shits were told they were the Masters of the Universe. Now they're finding ou…
What is this fantasy? revenge porn fanfic?
You tell me.
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The 14% mortgage rates came in part from the law of small (big) numbers. 14% of $35,000 is not that much money compared to 3% of 700,000
But your typical home did not cost $35k then, and your typical home does not cost $700k now
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>Taking credit card advances to YOLO into short-dated OTM call options is drug-addict level desperation. It's actually somewhat rational. Say you just graduated college and make 30k as a waiter. You scrape together savings, loans, CCs, etc. and pull together 20k. Take that to Robinhood 2-3x it with margin and place a 50k bet that has a 8% chance to pay off 10x. If you "win" you're up 15 years of wages or more. If you…
The sensible response from society is unfortunately restricting personal bankruptcy laws. Essentially this is an organized attack on civilized society and it needs to be shut down, somehow.
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>Taking credit card advances to YOLO into short-dated OTM call options is drug-addict level desperation. It's actually somewhat rational. Say you just graduated college and make 30k as a waiter. You scrape together savings, loans, CCs, etc. and pull together 20k. Take that to Robinhood 2-3x it with margin and place a 50k bet that has a 8% chance to pay off 10x. If you "win" you're up 15 years of wages or more. If you…
The sensible response from society is unfortunately restricting personal bankruptcy laws. Essentially this is an organized attack on civilized society and it needs to be shut down, somehow.
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4chan is still mostly teenagers and 20-somethings from middle class families shitposting for fun
Qanon disagrees. 4chan trolling nearly resulted in a coup, its reached a new level of seriousness.