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The Battle of GameStop

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Re: The Battle of GameStop

#521

Post by kyawzazaw »

in3d wrote: post #90
pxue wrote: post #62

Earlier quoted context omitted.

this is exactly it. people say the market is a melt up.. another bubble. but i think that's wrong. It's like the show Billions, actual wallstreet does what wsb is doing ALL THE TIME. You make money when someone else loses money, it's simple. Except this time, the money isn't staying in the fraternity, it's being distributed out to the common folks. Can't have that it seems.

Common folks who get in late in the bubble will be the ones who will suffer. This populist mindset that you’re somehow sticking it to big banks or something by paying for trading is funny.

Melvin Capital just got bailed out.

Re: The Battle of GameStop

#522

Post by phil_e_delphian »

tasuki wrote: post #266
phil_e_delphian wrote: post #53

Earlier quoted context omitted.

DoorDash has had negative earnings for all but 2 (1?) quarters it has existed, and trades at about $190 a share, despite direct competition from multiple functionally identical competitors. The market is broken, at least retail investors are benefiting for once.

How much a single share costs really isn't interesting or important.

Tell that to the investors holding >$200 GME shares right now

Re: The Battle of GameStop

#523

Post by phil_e_delphian »

kyawzazaw wrote: post #521
in3d wrote: post #90

Earlier quoted context omitted.

Common folks who get in late in the bubble will be the ones who will suffer. This populist mindset that you’re somehow sticking it to big banks or something by paying for trading is funny.

Melvin Capital just got bailed out.

And anyone who bought shares at peak yesterday is up 50% today - those who bought _any_ Call option are up much, much more

Re: The Battle of GameStop

#525

Post by edgyquant »

tootie wrote: post #413
edgyquant wrote: post #175

Earlier quoted context omitted.

I don’t have enough karma to downvote, dude. It’s also not a bad take. Institutional investors do indeed make a killing and you can do fine using i.e. the wheel strategy. But if you’re YOLOing on WSB and you aren’t an institutional investor it is almost certainly luck to turn thousands into millions.

I'm with you. I think the thing is that a YOLO play has better odds than winning the lotto or playing roulette. Some people make millions playing poker too.

Definitely it does, and it’s not all luck. As I said I’ve done pretty good myself with options with basic trend following techniques I learned as an aspiring algotrader. I believe I would have made money either way but my couple of >1000% gains were luck on top of the trend following.

Re: The Battle of GameStop

#526

Post by fennecfoxen »

phil_e_delphian wrote: post #53
fennecfoxen wrote: post #9

Earlier quoted context omitted.

People exist who in the past two days paid $150 for a share that most analysts think is worth about $14 — at a company with negative earnings for six of the last seven quarters, and minimal earnings growth over the past few years. I'm sure there was some bull case for the company, and it might have had a snowball's chance in hell around $14 or even $20/share. But at $60+ ? What on God's good earth is supposed to make…

DoorDash has had negative earnings for all but 2 (1?) quarters it has existed, and trades at about $190 a share, despite direct competition from multiple functionally identical competitors. The market is broken, at least retail investors are benefiting for once.

DoorDash has a growth story that GameStop doesn’t. It’s pure fiction, mind you! But at least it exists.

Either stock is terrifying.

Re: The Battle of GameStop

#527

Post by gchamonlive »

enigmo wrote: post #361
gchamonlive wrote: post #330

Earlier quoted context omitted.

I think I understood your use of the word `contempt` because it is similar to `contente` in my mother-langauge (portuguese). However, I don't believe `contempt` assumes the meaning of `satisfied`, instead it is defined as `having a strong feeling of disliking and having no respect for someone or something`. In any case, I have mixed feelings about in which direction society is heading. On the one hand, I think this g…

it's probably just a typo, in context this reads like `content` not `contempt`.

True, I didn't know this word existed like that. I would have been skeptical to use it, since it is so similar to the word in portuguese.

Re: The Battle of GameStop

#528

Post by elindbe3 »

TurkishPoptart wrote: post #507
dvt wrote: post #6

> The same emotion that caused us to root for the thieves in Ocean’s 11 is what makes Wall Street Bets so enticing. Put frankly, Millennials are tired of getting fucked by the man. When you’re underemployed with $100,000 in student loan debt, your financial situation feels overwhelming. You really don’t want to take the advice of your parents or CNBC talking heads [5] to invest 10% of your salary for a 4% annual retu…

How are people getting rich over this? Buying GME calls and hoping they appreciate?

Or just buying 10000 shares at $3 and selling them at $200

Re: The Battle of GameStop

#529

Post by Can_Not »

TheAdamAndChe wrote: post #363
blackrock wrote: post #242

Earlier quoted context omitted.

It’s even worse than this. The government feigns that they can’t do anything. And that everything is the result of the market. Meanwhile, they easily pass bills to increase their own pay, or find magic money to pay for their military wars. And then, after screwing up the 2008 crisis, they stopped building homes. And the homes that were foreclosed on, they allowed the rich corporations to buy them up for pennies on th…

Entry level homes in non-trendy areas are much cheaper. My home is about $110k.

s/trendy/places with jobs/

Re: The Battle of GameStop

#530

Post by elindbe3 »

Kosirich wrote: post #192

Can someone extrapolate what happens (hopefully) in a half a year when we get to herd immunity and the economy opens fully when a lot of these people (I'm guessing) will decide to cash-in in their stocks in order to go to a nice vacation, get a new car ect. Can we expect some sort of economic recovery followed by hyperinflation?

Some self-acknowledged idiots making a few million on the stock market isn't going to have any measurable impact on the entire economy. And it'll be balanced out by a few hedge fund millionaires having to sell their third yacht.
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