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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Old 07-19-2021, 10:20 PM   #10696
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Originally Posted by crispystl View Post
There isn't a single person on here (that I've seen at least) that has acted "surprised" or freaked out to any extent when their meme stock investments fluctuated. There's nothing wrong with having a good solid retirement plan, but also swinging for the fences with a small percentage.



Now on the other hand I'll BE DAMNED if there isn't something wrong with pompous negative people like yourself that root for the little man to lose.
People: "Hey, do you think I should take 10% of my wealth and put it in this slot machine? We can stick it to the casino owners!"

Me: "I mean, the game is rigged for them to win, but you do you."

(1000 posts go by with people talking about how the slot machines are about to go super hot and trying to convince everyone else to play, followed by the slots going cold.)

People: "Well shit, the slots went cold."

Me: "Well, what did you expect to happen?"

People: "WHY ARE YOU BEING SO NEGATIVE??"

Me: "So...are you going to stop playing?"

People: "No."

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Old 07-19-2021, 10:25 PM   #10697
crispystl crispystl is online now
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Originally Posted by DaFace View Post
People: "Hey, do you think I should take 10% of my wealth and put it in this slot machine? We can stick it to the casino owners!"

Me: "I mean, the game is rigged for them to win, but you do you."

(1000 posts go by with people talking about how the slot machines are about to go super hot and trying to convince everyone else to play, followed by the slots going cold.)

People: "Well shit, the slots went cold."

Me: "Well, what did you expect to happen?"

People: "WHY ARE YOU BEING SO NEGATIVE??"

Me: "So...are you going to stop playing?"

People: "No."

Sure I understand all of that, but at what point or timeframe was that sentiment exhibited here? I mean maybe I missed it, but I don't ever remember seeing any of that on this site.
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Old 07-20-2021, 05:51 AM   #10698
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Literally millions of people supporting a stock that has already cost hedgies (casino) billions isn't really comparable at all to a slot machine. If apes can stay patient, hold their shares and add to them when they can afford it has to pay out eventually.

That's why the hedgies have been paying news outlets and people on stock forums to spread FUD, and also manipulating the price through dark pools...they think we'll eventually crack and sell before they go completely broke having to cover.

Who knows, maybe they're right but I don't think so. It's become not only about making a lot of money, but principle and standing up for the little guy as well. Laugh all you want but this is a movement, not just a get rich quick scheme.
Last edited by MTG#10; 07-20-2021 at 06:04 AM..
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Old 07-20-2021, 07:02 AM   #10699
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Originally Posted by MTG#10 View Post
Literally millions of people supporting a stock that has already cost hedgies (casino) billions isn't really comparable at all to a slot machine. If apes can stay patient, hold their shares and add to them when they can afford it has to pay out eventually.

That's why the hedgies have been paying news outlets and people on stock forums to spread FUD, and also manipulating the price through dark pools...they think we'll eventually crack and sell before they go completely broke having to cover.

Who knows, maybe they're right but I don't think so. It's become not only about making a lot of money, but principle and standing up for the little guy as well. Laugh all you want but this is a movement, not just a get rich quick scheme.
I'm sorry, but I don't think you know as much as you think you know.
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Old 07-20-2021, 07:06 AM   #10700
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I'm sorry, but I don't think you know as much as you think you know.
You know what?? Some of us were smart enough to take out our basis already and are sitting on House money to play this. Remember , it has already gone from $8 to $72.

Those of you not playing this slot machine may end up watching us dumbasses cash in.

I wonder if DaFace has ever bought a lottery ticket ,ever?
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Old 07-20-2021, 07:18 AM   #10701
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I think you may have misunderstood. What this person was almost certainly referring to is the fact that the Fed targets core inflation (actually core PCE which is a bit different from core CPI primarily due to the way it treats at housing costs and medical expenses) and that those core measures exclude food and energy. The rationale is that they’re volatile and subject to supply/demand factors that the Fed can’t easily control and that short term disruptions usually revert.
That is precisely what he was saying. I thought it wasn't a great look for the Fed to be out there shouting from the rooftops that there was no inflation - full stop - when the most affected people (paycheck to paycheck folks) were seeing their dollars only stretch 70% as far as they used to.

Quote:
Originally Posted by TwistedChief View Post
Classic (error) case is the ECB who targets headline inflation (HICP) and they hiked into the housing crisis in 2008 because energy was spiking. This was not a welcome decision.
That's fair. And to be fair here, I'm not suggesting the Fed fix anything. I just think there should be better metrics and a more clear picture of what's actually happening out there.
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Old 07-20-2021, 07:19 AM   #10702
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I'm sorry, but I don't think you know as much as you think you know.
The feeling is mutual so your words mean nothing to me.
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Old 07-20-2021, 08:02 AM   #10703
TwistedChief TwistedChief is offline
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Quote:
Originally Posted by Hog's Gone Fishin View Post
You know what?? Some of us were smart enough to take out our basis already and are sitting on House money to play this. Remember , it has already gone from $8 to $72.

Those of you not playing this slot machine may end up watching us dumbasses cash in.

I wonder if DaFace has ever bought a lottery ticket ,ever?
Sorry, that came out harsh. I'm not criticizing you for playing around in these stocks. I wouldn't recommend it to anyone I know as I don't think there's any real edge you have, but if you've made money doing it, by all means, good for you. Buy your lottery tick, enjoy the experience and stimulation, and hope it cashes out. Nothing wrong with that.

It's when people start talking about "the hedgies" manipulating dark pools and spreading false information and "bear attacks" and all of this other nonsense. You're assuming you know a lot more about what drives these stocks than you do. And you're making the entire thing very personal when each price move you feel you need to explain on the basis of this narrative.

That's all. I've been a professional trader for nearly two decades. I've run a trading desk at a bank and have been a portfolio manager at a "hedgie" managing dozens of other traders globally.

Trying to personify price action is a slippery slope that isn't conducive to clear thought and good trading.
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Old 07-20-2021, 08:20 AM   #10704
MTG#10 MTG#10 is offline
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Originally Posted by TwistedChief View Post
I'm sorry, but I don't think you know as much as you think you know.
That's fine, luckily for me I'm not too concerned with your opinion on it.
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Old 07-20-2021, 08:26 AM   #10705
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Originally Posted by TwistedChief View Post
It's when people start talking about "the hedgies" manipulating dark pools and spreading false information and "bear attacks" and all of this other nonsense.
This is how I know you don't know what you're talking about. The dark pool price manipulation has been proven and even reported by the media. Do some research before you criticize.
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Old 07-20-2021, 08:29 AM   #10706
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Originally Posted by MTG#10 View Post
This is how I know you don't know what you're talking about. The dark pool price manipulation has been proven and even reported by the media. Do some research before you criticize.
Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.
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Old 07-20-2021, 08:48 AM   #10707
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Originally Posted by Hog's Gone Fishin View Post
I wonder if DaFace has ever bought a lottery ticket ,ever?
Not often, but sure. But I didn't make a huge deal about how much money I was going to make on it and then watch idly as my gullible friend put his life savings down on it.
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Old 07-20-2021, 09:18 AM   #10708
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Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.
I’m reading flashboys right now. Great book!
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Old 07-20-2021, 09:32 AM   #10709
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Yup, never read Flashboys. Never heard of dark pool manipulation. LOL.

I'm sure that's really what's driving the meme stocks you're trading.
Tapout acknowledged.
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Old 07-20-2021, 09:49 AM   #10710
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