OT: Stock trading | Page 101 | The Boneyard

OT: Stock trading

Jaker said:
IPOE ripping, Chamath is the man!!
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Thanks for the tip! Bought some, but maybe not enough. With the RH exodus SoFi should benefit, so may need to buy more

Told my buddy who is a financial advisor, that I’m a believer in the internet trader. WSB needs to be a part of a portfolio, just like core, international, fixed, etc.
 
The alleged activity for that fine occurred several years ago. So is it still happening? Are "they" doing other stuff now? Is "they" larger than the people involved in this action? I only ask b/c it's been a long running, as in decades long, conspiracy theory that JP Morgan has been manipulating the silver market on a massive basis for its own gain. Actually hadn't heard about it in a while but I'll chalk that up to this being the Boneyard.
 
I Bleed Blue said:
Glad to hear. I’m also looking at it from the benefit of mortgage rates as a first time home buyer, etc. It’s definitely something I’ll consider down the road as I build up my portfolio.
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I was sold on Private Client when I learned Warren Buffet has accounts with them. If figure if it's good enough for Warren Buffet, it's good enough for me.... 😆
 
www.nasdaq.com

How Blockchain Smart Contracts Are Reinventing the Insurance Industry

Recent advances in blockchain technology, combined with increased demand for insurance products across the world, has set the stage for the rise of parametric insurance, or insurance that automatically pays out when certain events occur.
www.nasdaq.com www.nasdaq.com

On Nasdaq. The blockchain oracle part of the article, well, that's Chainlink.

Its too risky not too hold
 
UcannUconn said:
Just bought a bunch of wildly overpriced dying mall stock for the hell of it. Squeeze em! Sorry Fairfield county.
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I jumped out of Doge (I was losing my mind, what’s left of it anyway). Made a bit and blew it all at the mall. I have no idea what will happen but I know I want to be part of it.

I love that there is this young guy in Mass who thought this up last year and convinced the world they could do it. Just because he believed in a few dying stocks. He turned $50k into $30 mil and he’s not selling. Big ones. Very big and honorable ones.

I suspect the government will put us all out of our misery shortly. They simply will not allow this kind of transfer of money from the donor class to the infedels.
 
KSC94 said:
DOGE is the fake money the people in Monopoly would use. Beyond stupid. It's a meme that costs money
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That's not quite totally fake. There just are billions of units that made it easy to mine. It was done as a joke but it's a real live cryptocurrency. Bitcoin for example is so hard to mine that the last bitcoin will not be mined for another 20 years. Plus of course you can actually spend bitcoin. Cryptocurrencies scare the bejeezus out of me and I just jumped in yesterday to make a little money but it's so volatile I had trouble sleeping and I only had $1,500 dollars of it. I bought it averaged at $.03 and got out at $.05 this morning. I have bought and sold stocks and been somewhat actively involved with whoever handles my portfolio but playing with that crypto scared me and I bailed. But I used it all on GME and I'm just going to sit back and enjoy the show no matter what happens. Go idiots!
 
What are some other short term stocks people are looking at? What are some long term stocks people are looking at?
 
Watching Casino Royale tonight for first time.

And it amazing that the plot line involves shorting stocks.

Same with Trading Places.

Almost like shorting stocks and the high stakes of betting wrong has been around for a while.
 
UConnSwag11 said:
What are some other short term stocks people are looking at? What are some long term stocks people are looking at?
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It's really hard to say. (surprise) I think most al lot of stocks in the shipping industry are really undervalued right now. I have some money in TOPS which I expect to do well.

Early last year I was convinced that cannabis stocks were going to do well. I did all my research and put a bunch of money in Aurora Cannabis at roughly $2 a share. It diddled around for months and I sold and moved into some biotech stuff and I looked the other day after never looking once over the last 18 months and Aurora cannabis was trading at $12. ____ Me.
 
Chin Diesel said:
Watching Casino Royale tonight for first time.

And it amazing that the plot line involves shorting stocks.

Same with Trading Places.

Almost like shorting stocks and the high stakes of betting wrong has been around for a while.
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It was around at UConn business school in the 80s. But these guys, they aren’t hedging, they aren’t covering the positions with spreads the way we were taught.

As I said before, instead they seem to be recklessly seeking to destroy these companies and extract their remaining value. It’s total BS. So I enjoy watching them burn.
 
FriarJ said:
It's really hard to say. (surprise) I think most al lot of stocks in the shipping industry are really undervalued right now. I have some money in TOPS which I expect to do well.

Early last year I was convinced that cannabis stocks were going to do well. I did all my research and put a bunch of money in Aurora Cannabis at roughly $2 a share. It diddled around for months and I sold and moved into some biotech stuff and I looked the other day after never looking once over the last 18 months and Aurora cannabis was trading at $12. ____ Me.
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Sucks. That’s happened to me with other stocks. Cannabis and gambling should be big going forward
 
HuskyHawk said:
It was around at UConn business school in the 80s. But these guys, they aren’t hedging, they aren’t covering the positions with spreads the way we were taught.

As I said before, instead they seem to be recklessly seeking to destroy these companies and extract their remaining value. It’s total BS. So I enjoy watching them burn.
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Maybe it is reckless. Maybe it's the hedge funds the are reckless, maybe it's the Reddit bros.

Not my problem.

The total amount of money being tossed around right now is fractions of a percent of all money in all stocks, funds and equities.
 
UConnSwag11 said:
i'll look for something more in depth for the whole things and not just JPM

goldsilverpros.com

What JP Morgan's $1 Billion Fine For Manipulating Metals Could Mean For Gold – Gold Silver Pros

Bloomberg reported on Sept 23, 2020 that JPMorgan is expected to pay a $1 billion fine for manipulating the metals … What JP Morgan’s $1 Billion Fine For Manipulating Metals Could Mean For Gold Read More »
goldsilverpros.com goldsilverpros.com
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This must be what my daughter was tipping me on. She says SLV is on deck because of JP Morgan.

Meaning the Reddit traders have them in their crosshairs. Weird (or stupid) that I brought SLV based on her statement.
 
Chin Diesel said:
Watching Casino Royale tonight for first time.

And it amazing that the plot line involves shorting stocks.

Same with Trading Places.

Almost like shorting stocks and the high stakes of betting wrong has been around for a while.
Expand ...
The interesting aspect here, is what business did hedge funds have getting involved with Gamestop? Why didn't they just stay out of it? Because they wanted to get revenge on the retail investors who blew up their space last year, see Tesla not shorting. They couldn't stay out of it, and it bit them in the arse.
 
If trading is suspended, who gets to buy/sell once it's restored? Are there institutions that automatically get to be first?
 
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