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Extremeskins

No Excuses

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Posts posted by No Excuses

  1. Jeff Bezos is a hero for anti-social dip****s like me who just wants to sit at home and be around no one else. 
     

    Pandemic+Amazon really made me appreciate that physical retail is a huge waste of my time and shopping in my undies right before falling asleep kicks ass.

    • Like 3
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    • Haha 3
  2. 8 minutes ago, tshile said:

    Wife’s home. 
     

     

    how am I supposed to explain what Nokia is without answering how they went from being a big phone company to that

     

    i don’t think she’s ever heard of Reddit before


    Hey man, they are a key player in the 5G sector. Nokia isn’t a bad long term hold. They aren’t going out of business any time soon and they have a lot of upside. Hold!

    • Like 2
  3. 1 hour ago, tshile said:

    Whatever you think the fallout to robinhood is (barring legal/sec fines or whatever), I think it’s likely they weighed that against protecting their parent company interests, and their parent company interests were far more important. 
     

    hell they could take the same platform and rebrand it down the road and most people wouldn’t even know. 
     

    but I’m guessing the billions lost and client relation nightmare of the parent company far outweighed their cheap access to stocks for us normal people profit model. 


    Even any potential SEC fine will probably be a slap on the wrist. The finance sector sucks ass and does shady crap because none of them are under the threat of serious prison time. 

    • Like 1
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  4. 15 minutes ago, redskins59 said:

    This will be interesting, but I bet the stock price just collapses one day. You will see peoppe crying.


    The casino rule of don’t gamble what you can’t afford to lose is in play here. 
     

    I will sell enough GME today to cover my initial buy in and will hold the rest till tomorrow probably.

    • Like 1
  5. WSB went from 1 million subs to almost 4 million in less than a week. Lots of people probably opened Robinhood accounts. Millennials to this point have been mostly locked out of institutional finance and this is really the launch of a phenomena no one anticipated.
     

    Instead of hating, I find this is utterly fascinating. Democratized FinTech for a generation that is drowning in student loan debt and stagnant wages, that has now seen two major recessions in the first 10 years of their working careers. No one knows where this is going but it’s going to be a wild ride.

    • Like 2
  6. 6 minutes ago, Burgold said:

    That's one way to look at it. The other is that this seems to be the grossest sort of market manipulation. Neither this stock nor Bed, Bath, and Beyond, nor AMC Theaters deserve this valuation under any metric or forecast of growth and profit.


    What an over exaggeration. it’s a bunch of millennials on a subreddit talking to each other and just saying “we like the stock” and posting diamond and rocket emojis. 
     

    Instead of calling them gross market manipulators, consider for a second why they can even be in a position to take a ****ty stock like GameStop and sky rocket it to where it is now. The answer is that Wall Street has a history of doing moronic things and getting bailed out, and it has to this point never faced this kind of coordinated attack against their incompetence by completely average people.
     

     

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  7. 32 minutes ago, stevemcqueen1 said:

    This is a goldmine.  Reddit is swept up in gold fever.  The democratization of the market via no-fee investing apps plus investment advice/culture spreading chaotically through social media platforms with no entry barriers is colliding with this sort of working class hopelessness and populist zeal for striking a blow against wealth inequality.

     

    This feels dangerous.


    There is going to be a big push by the finance sector to make their activity even more opaque to the public. Millions of people coordinating in concert to tank hedge funds within weeks is not going to sit well with our oligarchs.

    • Like 3
  8. 4 minutes ago, tshile said:

    It says I don’t have access. Do you have to be logged in ?


    Subreddit is down and the discord was banned. This is only going to pour more gasoline on this whole thing.

    Just now, stevemcqueen1 said:

    They set the subreddit to private.  I imagine they were getting deluged by shills and bystanders.


    Its closed to everyone, even if you were a member. 

    • Sad 1
  9. 1 hour ago, Fergasun said:

    Doesn't this demonstrate there's something wrong with the market / traditional investment?  Seems like $M are in play on a trade against $B hedge funds....


    Nah, some hedge funds got caught with their pants down and are paying for it. Probably a mistake others will avoid in the future. It’s a costly lesson for a small collection of suits.

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