51–60 of 326 posts
I think TSLA and AMD were the original meme stocks.
The business case was apparent, and it happened: Intel apparently decided to get to their next node using, I don’t know, a magnifying glass and a flashlight, they fell badly behind, and now AMD has an extremely solid position in the high-end enthusiast market, plus a plum spot in PlayStation and XBox sales.
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Where did you get this about GME? It literally skyrocketed once Chewy team started to take over and transform company.
Personally, I think 80% of the reason it skyrocketed was for the short squeeze, 20% because of the new team and it being undervalued if you believed in that new team. $30-$40 seems reasonable if you believe the team is gonna turn the company around IMO, but people were putting thousands and tens of thousands into shares because they're hoping the short squeeze puts it to $1k+ (at least that's the meme/not a meme if y…
It's not worth discussing BTC, TSLA, GME, or HTZ. That is missing the forest for the trees. The degradation of even the appearance of an orderly market is the story. The money movement (volume of excess trades X magnitude of price change) seems out of reach of unleveraged retail. Faith in private and public institutions is justifiably poor, but also under organized attack. This is going to end badly for everyone, exc…
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I give myself one good hard slap to the face every morning, because I bought AMD in the ~$5/share range, and then sold when it managed to get to ~$7/share because I didn’t think it was going anywhere. And then I go stand at the window and gaze longingly at my imaginary WRX parked outside. Sigh. If I only had known exactly how badly Intel would do…I bought the stock because I figured they’d get a little bump because o…
It’s all gambling. People need to stop expecting to strike it rich and just build wealth incrementally. Central banks have made that hard to do though with historically low interest rates and rising risks of inflation.
The AMD trade was (reasonable) fun money.
Earlier quoted context omitted.
I give myself one good hard slap to the face every morning, because I bought AMD in the ~$5/share range, and then sold when it managed to get to ~$7/share because I didn’t think it was going anywhere. And then I go stand at the window and gaze longingly at my imaginary WRX parked outside. Sigh. If I only had known exactly how badly Intel would do…I bought the stock because I figured they’d get a little bump because o…
It’s all gambling. People need to stop expecting to strike it rich and just build wealth incrementally. Central banks have made that hard to do though with historically low interest rates and rising risks of inflation.
It's not worth discussing BTC, TSLA, GME, or HTZ. That is missing the forest for the trees. The degradation of even the appearance of an orderly market is the story. The money movement (volume of excess trades X magnitude of price change) seems out of reach of unleveraged retail. Faith in private and public institutions is justifiably poor, but also under organized attack. This is going to end badly for everyone, exc…
Please whomever has the power to downvote don't allow this to be the top comment, or China wins
Could you elaborate?
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BTC’s version of bankrupt is when transaction fees aren’t worth enough to incentivize mining.
that has almost happened multiple times and those times correlate with massive tether prints
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I think it's obvious that I am holding a substantial amount of GME right now, and I think I should disclose that. Ryan Cohen, the guy who founded Chewy, is on the board for GME and leading an initiative to transform Gamestop into an e-commerce store. In other words he wants to compete directly with Steam, and while many don't realize it yet, Amazon. And this is one of the only people in history who has successfully b…
> I don't think this will happen. Do you mean you don't think they'll compete with Twitch, or you don't think they'll compete with Steam and Amazon? Personally I think investing in GME today is no different than investing in Blockbuster ten years ago. Competing with Steam is a terrible idea. EA tried it with Origin and despite having huge exclusive franchises, they're essentially throwing in the towel by abandoning t…
I do not think Gamestop is going to compete with twitch. I will be very surprised if they do not try to compete with Steam.
Obviously? The company was bankrupt. People who bought HRTZ after bankruptcy had to have known it was a game of financial musical chairs, much like GME, TSLA or BTC.
That seems like a bit of a simplistic view spurred on by people who don’t know what Chapter 11 is. It’s not “we don’t have any more money” or “we aren’t making any money”, it’s “we need a little court-mandated breathing room (from our creditors) to change x, y, and z, and then we’ll be ok”.
More like: "and then we'll pay back as much as we can to our creditors, and then if there's still money left at the end we might be ok"
It's not worth discussing BTC, TSLA, GME, or HTZ. That is missing the forest for the trees. The degradation of even the appearance of an orderly market is the story. The money movement (volume of excess trades X magnitude of price change) seems out of reach of unleveraged retail. Faith in private and public institutions is justifiably poor, but also under organized attack. This is going to end badly for everyone, exc…