Where do you invest your money?

Don’t forget…GME was at $160 then tanked to $80s then the following day it skyrocketed back up to $300 then rinse, repeat, then $400.

Squeeze. Squeezed. Squozed.

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I guess I don’t understand giving huge bonuses and tons of cash to either “keep doing what they are doing” (which has structural problems) and/or pivot. So if AMC takes all that money, builds a streaming service, is able to license 0 content, and shuts it down — leaving retail investors holding the bag. That’s good because?

I personally bet on investments I think are good investments, not just will pay a return because someone else might pay more down the line. And when I’m in Vegas, I gamble. If I decide to put $100 in fun money down because a funny hat is on a hot streak- great. :cowboy_hat_face::game_die:

The idea of calling my broker, or logging in to my brokerage account, to move pre-tax dollars onto a symbol because I walked by a funny hat on a hot streak? :star_struck::exploding_head:

It’s ok to gamble, and yes there is some risk to investing, and yes there are tons more retail investors (yay) because of the pandemic. But what you describe is almost too capricious for me to believe. And if someone could tell me truly how many it is, I wouldn’t want to know.

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Well said I get texts all day from friends asking me about this crap and saying they want in. Wish they had this passion to max 401k or even contribute to the company match lol.

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I mean that’s essentially what I said right just less eloquently lol, well said regardless. It’s all like gambling like you said, but most the stock market is as nothing is guaranteed.

I’m not out here defending AMC just to be clear; I trade off charts, fundamentals, resistances etc…and I have my long plays and swing trades, but just because something isn’t to your taste doesn’t discount what’s going on. You’re hung up still on the fundamentals of the company; I can promise you most people invested are all watching Youtubers and yes some people will be left holding a bag just like GME. There will always be victims it’s the stock market and we’re in America.

It’s uninhibited unapologetic gambling for most the retail investors out here who have no idea what they’re doing.

Regardless how you feel there’s a lot of money to be made off the volatility.

I wish I had a company match in my retirement account. They don’t offer that. Only benefit I get is the lower taxable income for tax time…

I’m disagreeing with you on treating investments as trivially as gambling. I read and vote on all my proxy ballots. I listen to many earnings calls and read analyst reports. I read SEC filings depending on which company and what is going on. I spend a lot of time reading and researching and deciding on buy/sell decisions. And it’s served me pretty well.

I have never taken 1/1000th the interest in a funny hat that I did Marissa Mayer when Yahoo first bought into Alibaba.

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Gme will be back in the very very low double digits maybe even single digits.

I do the same thing? So I’m not sure what you are trying to get at to be honest.

I dive into financials on all my long investments. I’m referring to people blindly investing and what people are referring to in regards to AMC.

You’re misunderstanding things

I dropped a limit order for 1 share of AMC, just so I can get the free popcorn :cowboy_hat_face::clown_face:

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Free movie popcorn for 1 share of amc? I’m in. However I would have bought a fraction of a share, like 0.0009 . 4 cents to get $8.89 worth of free popcorn.

I am not certain if fractional shares qualify (probably based on those numbers?)

You would have to ask the rodeo clown running things over there.

Join the one share club :grinning_face_with_smiling_eyes:
image

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I would, but

But good luck on your moon bus :crescent_moon: :rocket:

As in all Ponzi schemes the world eventually runs out of suckers. Some people are going to make a lot of money on these meme stocks, but an equal amount will be lost by people getting in late.

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I laughed at first and said stick it too the shorts. Then realized WSB and Meme stock you tubers are creating boiler rooms on these stocks. Encouraging uneducated investors to hold just long enough for their calls to pay off.

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TopShot, NFT Topps MLB.

they are actually worse than WSB if you consider that they are monetizing the videos on top of the whole boiler room concept. And it’s not boiler rooms anymore, these are disrupting forces in the market paradigms promoting redistribution of wealth from boomer wall street types to the younger savvy investor.

I think I got the market speak correct. And it’s not just WSB and youtube, there is almost no place online to have a discussion or do actual research into investing anymore. All of it is about ads, clickbait, etc.

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I agree about them being savvy, but I’d call the hype men or pump-n-dumpers rather than investors.

What started as a retail trading uprising quickly turned into everything else: a small number of YouTubers are now on CNBC and Fox Business 2-3 days before their options contracts expire, on the air to say “I’m not speaking for WSB but retail investors are here to stay and (something to rile them up that will make them money in 2-3 days)”. They are driving their own action too.

As a cynic I worked with used to say, “everyone has an angle, they’re all running their own scam”.

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If you are savvy enough to get a following and ‘speak for the masses’ there is real money to be made.

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