There is no doubt that these "ideas" are no longer coming from WSB organically they are coming from hedge funds on WSB planting the seeds. This whole phenomenon is going to make tons and tons of money for the people retail thinks are being hurt. Lets do APPLE next guys! You have one side with complete transparency (retail) vs. the other side with almost no transparency (Professional money) and people somehow think retail comes out on top. One side has access to leverage being taken away the other side has near unlimited leverage. One side has access to the fastest most accessible trading the other side is being limited to 2 share transactions. People need to wake up.
Translation: "You kids today with your meme stocks and SPACs. In my day we took a 10% annual return and we happy we got it. And we had to pay taxes on it too. And we liked that too.""I'd be very happy with a 2x or 3x return over a couple days."
Ya think?
I'm kind of sad I started this investment Forum. Was nice when it was me and Blazin talking about Ben Graham on how to properly value stocks.
Oh well, I hope all you retards get rich like me but do it way faster!!
Okay boomer? I'm 36 Sanrith, I don't like paying taxes, that's why I have a LP and a living trust under My 1% C-Corp. The rich are part of a different club.Translation: "You kids today with your meme stocks and SPACs. In my day we took a 10% annual return and we happy we got it. And we had to pay taxes on it too. And we liked that too."
Oi, that's a bad look for WSB. There are now a number of WSB spinoff subs (i.e. WSBElite, WSBsilver, etc) that have garnered tens of thousands of new users due to over-moderation in WSB. They're now saying you could get banned from WSB if they see you posting in any of the spinoffs. To me that reeks of a small amount of people wanting to steer WSB in certain directions, very likely because it will net those moderators $$$.
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If you read the normal stuff I post here you would know I was fucking with you. You would also know I have no sympathy for dead money. I gladly offer advice for those wanting to build wealth in a way that isn't throwing the dice, but I ain't nobody's dad.Okay boomer? I'm 36 Sanrith, I don't like paying taxes, that's why I have a LP and a living trust under My 1% C-Corp. The rich are part of a different club.
My point was, understanding what is the difference between taking a loss on purpose (I bought gme at 82$ and knew I was being a retard but wanted to stick it to the man) to honestly expecting 300% return in a couple of days.
I've been a member of WSBets for years and if I followed every attempt for a short squeeze I would be a poor man today.
Even the "GME adderall" post was 4ish months ago.
There is a significant difference for me to buy/throw away 10 shares of gamestop with an 8 figure portfolio than many people thinking they can sit at this table and get a free lunch. Bagholders will be bagholders when you realize they can just issue more shares of xyz.
I said the same about Tilray and Canopy but what do I know.
TLR, I'm holding GSE for life and sound like a boomer!
Okay boomer? I'm 36 Sanrith, I don't like paying taxes, that's why I have a LP and a living trust under My 1% C-Corp. The rich are part of a different club.
My point was, understanding what is the difference between taking a loss on purpose (I bought gme at 82$ and knew I was being a retard but wanted to stick it to the man) to honestly expecting 300% return in a couple of days.
I've been a member of WSBets for years and if I followed every attempt for a short squeeze I would be a poor man today.
Even the "GME adderall" post was 4ish months ago.
There is a significant difference for me to buy/throw away 10 shares of gamestop with an 8 figure portfolio than many people thinking they can sit at this table and get a free lunch. Bagholders will be bagholders when you realize they can just issue more shares of xyz.
I said the same about Tilray and Canopy but what do I know.
TLR, I'm holding GSE for life and sound like a boomer!
I do know you are one of the wise ones I'm sort of multi-tasking today and not really paying attention.If you read the normal stuff I post here you would know I was fucking with you. You would also know I have no sympathy for dead money. I gladly offer advice for those wanting to build wealth in a way that isn't throwing the dice, but I ain't nobody's dad.
And I would post the size of my portfolio but whipping out something that big here outside of Screenshots would get me banned
Re: silver
It's not at it's all time high, but there is a ton of big silver out there.
The ounces and pretty coins supply might go dry, but you can always get 1000oz bars etc.
Not sure a short squeeze on it will work.
Btw, it spiked right at the start of all this. So like Blazin said, be wary of WSB getting caught by the sharks on all the "next pump"
Expect to buy and hold it if you buy it. It will likely go up short term but it may well not. Unless it shoots up $20 an ounce or something I’ll be holding mine long term as an overall investment and not a flip.
For all we know all of this weirdness could cause someone to open the floodgates on physical silver and actually DROP the cost short term. Anyone who isn’t willing to hold 10-20 years will be fucked.
I would caution anyone who doesn’t want their money tied up for possibly years to avoid.
Ouch. Wife of Plotkin, the hedge fund manager for Melvin, filed for divorce.