Springfield Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, Warhead36 said: I think AMC is a good bet to hold for the long term but I'm not sure it'll blow up like GME did. It’s cheap and people are gonna look for a place to put their GME gains. There will be a next wave too, and another. 1 Link to comment Share on other sites More sharing options...
tshile Posted January 29, 2021 Share Posted January 29, 2021 How do you do an upside down rocket? CAUSE THATS THE TRAJECTORY OF MY NOKIA STOCK THANKS REDDIT 160 ROCKETS STRAIGHT INTO THE GROUND 1 Link to comment Share on other sites More sharing options...
Momma There Goes That Man Posted January 29, 2021 Share Posted January 29, 2021 That’s not stonks that’s stinks 1 Link to comment Share on other sites More sharing options...
tshile Posted January 29, 2021 Share Posted January 29, 2021 (edited) 1 hour ago, Bonez3 said: Jeez, I was just asking a question... for a friend I realize it reads snarky but he’s right. And he’s trying to be helpful. Options trading isnt bad if done right but you can absolutely get savaged doing it wrong and not understanding that the financial obligation of being wrong in a short position is potentially limitless is part of it It’s honestly why I ever looked into it more. I know you’re supposed to do it so that doesn’t happen. But it’s be just like me to make that mistake and I just don’t need that problem Ps @techboycarries his anti-stock-trading soap box with him everywhere he goes but he knows what he’s talking about Edited January 29, 2021 by tshile Link to comment Share on other sites More sharing options...
Bonez3 Posted January 29, 2021 Share Posted January 29, 2021 Just now, tshile said: I realize it reads snarky but he’s right. And he’s trying to be helpful. Options trading isnt bad if done right but you can absolutely get savaged doing it wrong and not understanding that the financial obligation of being wrong in a short position is potentially limitless is part of it It’s honestly why I ever looked into it more. I know you’re supposed to do it so that doesn’t happen. But it’s be just like me to make that mistake and I just don’t need that problem I definitely appreciate his honest and surely very prudent advice. I was simply curious in general, I shouldn't even post hello in this thread for the most part. But, like the rest of America I'm looking into Stock Market for Dummies. Anyway, you want it all to crash, let me bet dollar #1. I can guarantee thats when the bubble bursts 1 Link to comment Share on other sites More sharing options...
Captain Wiggles Posted January 29, 2021 Share Posted January 29, 2021 I'd still rather invest in an AMC Spirit. Even at $13 it's a bit high for mes. 😒 This tho. Doubt I fit. Is so tiny. 1 Link to comment Share on other sites More sharing options...
Springfield Posted January 29, 2021 Share Posted January 29, 2021 15 minutes ago, tshile said: How do you do an upside down rocket? CAUSE THATS THE TRAJECTORY OF MY NOKIA STOCK THANKS REDDIT 160 ROCKETS STRAIGHT INTO THE GROUND Nokia was always a faker. I don’t know why people thought it was anything other than a quick buck. I’m kinda surprised that AMC held on today and that gives me hope for next week. BB is questionable. They’re doing... things, but it’s been tough to gauge interest. At least, with AMC, people will start going to the movies at some point. Might not be this year. Might not be next. If they can stay in business then they’ll make money eventually. GME is interesting. People are expecting a big pop. I am, but I’m also concerned that the shorts will be able to cover themselves in a way that eliminates a major squeeze and it’s just level and then fizzles as people lose interest. We have until next Friday to make GME pop at MAX. Link to comment Share on other sites More sharing options...
DCSaints_fan Posted January 30, 2021 Share Posted January 30, 2021 5 hours ago, The Evil Genius said: Maybe I'm way off but it occurs to me that a large union (such as a real Chicago PD) should be chasing the more stable return rates rather than exposing itself to the whims of the rates seen occasionally with hedge funds. I guess I'm not educated enough on the processes but I always thought these largest retirement systems were more regulated and watched (and more conservative in their investments). Thx for the info guys. They can do what CALPERS did and just get the taxpayers to bail them out when their investments don't pay out like they expected. Link to comment Share on other sites More sharing options...
Dan T. Posted January 30, 2021 Share Posted January 30, 2021 Today's Daily Cartoon in The New Yorker: "Look, I'm going to have to ask for the money back -- the rich are really getting pissed off." 8 Link to comment Share on other sites More sharing options...
Nerm Posted January 30, 2021 Share Posted January 30, 2021 22 hours ago, techboy said: Okay, look... Everyone knows that my primary point in these threads is that active trading is a bad idea. And in terms of optimal behavior, it is. But if you're going to do it anyway (and I have no illusions as to the power of the research to persuade everyone otherwise), Robinhood is about the worst way to go about it, and not just because of this, or their gamification of their platform similarl to casinos or microtransaction based games. The biggest problem is that their "free" can actually be quite expensive, because they're not a charity... They make their money in a variety of ways, one of which is by how they route trade executions. That's not a big deal for someone like me, who makes two or three trades a year, but it can add up if you're going to be jumping in and out of positions. That's the biggest thing that bothers me about Robinhood and what's been going on... Democratization is cool, but I'm seeing a lot of people playing with things they don't fully understand. Other examples would be margins, options, or currency, which is a BRUTAL world. If you're going to trade, you need to do due diligence about things like trade execution, not look for fun platforms. All that out if the way, I've heard good things about Interactive Brokers if this is really what you want to do, but again, I'm not an active trader, so due diligence is key. This is how I think about most of this too. I have always avoided trading individual stocks. I was enough of a geek that I was reading books on efficient market theory in my teens. I really dislike the idea of shorting stocks, and I also think people are being really stupid if they are investing in "meme stocks" based on what they read on reddit. As much as I dislike these things, I think people should be allowed to make their own decisions, and accept the consequences of their choices. As for Robinhood, I can understand how people see their behavior in stopping people from buying GME as rigging the game in favor of the elite. However, I can also see reasons they might do that which have nothing to do with that characterization. We have seen a lot of financial people brought in front of congress and being told they should be put in jail for loaning too much money to people for school or houses that they should have known was too much for " the little guy" to pay back. If I am making decisions at Robinhood, I would feel fairly uncomfortable with the idea of letting massive numbers of people who have no idea what they are doing spend their savings buying a stock that everyone knows is going to crash at some point in the near future. If you read through the reddit discussions on this, you see acknowledgment from so many people that they don't understand what they are doing. If Robinhood had not restricted trading. How do we think someone like AOC would have treated them when they are called to congress to explain why they allowed people that had no idea what they were doing when buying a stock that everyone on Wall Street knew was going to crash in the near future. Link to comment Share on other sites More sharing options...
Momma There Goes That Man Posted January 30, 2021 Share Posted January 30, 2021 (edited) . Edited January 30, 2021 by Momma There Goes That Man Link to comment Share on other sites More sharing options...
visionary Posted January 30, 2021 Share Posted January 30, 2021 2 Link to comment Share on other sites More sharing options...
mcsluggo Posted January 30, 2021 Share Posted January 30, 2021 4 hours ago, Springfield said: Nokia was always a faker. I don’t know why people thought it was anything other than a quick buck. I’m kinda surprised that AMC held on today and that gives me hope for next week. BB is questionable. They’re doing... things, but it’s been tough to gauge interest. At least, with AMC, people will start going to the movies at some point. Might not be this year. Might not be next. If they can stay in business then they’ll make money eventually. GME is interesting. People are expecting a big pop. I am, but I’m also concerned that the shorts will be able to cover themselves in a way that eliminates a major squeeze and it’s just level and then fizzles as people lose interest. We have until next Friday to make GME pop at MAX. what the hell are you talking about?? Nokia is one of 3 firms in the world that supplies backbone network equipment ... one of the other 2 is an opaque firm that is partially owned by the chinese govt, and possibly (probably) too compromised to be a reliable intelligence risk.... nokia is the flash in the pan?? of the three of those??? 2 1 Link to comment Share on other sites More sharing options...
BleedBNG Posted January 30, 2021 Share Posted January 30, 2021 Link to comment Share on other sites More sharing options...
No Excuses Posted January 30, 2021 Author Share Posted January 30, 2021 Unless you’re a ****ing seasoned finance pro, stay away from trading options. The worst case scenario is this guy: 2 Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 30, 2021 Share Posted January 30, 2021 4 hours ago, DCSaints_fan said: They can do what CALPERS did and just get the taxpayers to bail them out when their investments don't pay out like they expected. Honestly, what bailout are your speaking of? 😕 Fwiw, I've paid 5-8% of my salary pretax each paycheck for almost 20 years into Calpers. As have most state employees. 1 Link to comment Share on other sites More sharing options...
Springfield Posted January 30, 2021 Share Posted January 30, 2021 2 hours ago, mcsluggo said: what the hell are you talking about?? Nokia is one of 3 firms in the world that supplies backbone network equipment ... one of the other 2 is an opaque firm that is partially owned by the chinese govt, and possibly (probably) too compromised to be a reliable intelligence risk.... nokia is the flash in the pan?? of the three of those??? There you have it. NOK to the moon! This is the way. 1 Link to comment Share on other sites More sharing options...
Destino Posted January 30, 2021 Share Posted January 30, 2021 5 7 Link to comment Share on other sites More sharing options...
Dr. Do Itch Big Posted January 30, 2021 Share Posted January 30, 2021 As a guy who works for a pharma company. That doesn’t completely apply to us. Our drugs cost hundreds of thousands of dollars because before they came around there was no known cure and they drove all the research into even getting it in the pipeline to getting it fda approved. 1 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted January 30, 2021 Share Posted January 30, 2021 3 Link to comment Share on other sites More sharing options...
DCSaints_fan Posted January 30, 2021 Share Posted January 30, 2021 8 hours ago, The Evil Genius said: Honestly, what bailout are your speaking of? 😕 Fwiw, I've paid 5-8% of my salary pretax each paycheck for almost 20 years into Calpers. As have most state employees. They why does CA need to give them $7 billion/year? https://www.sacbee.com/news/politics-government/the-state-worker/article229329509.html Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 30, 2021 Share Posted January 30, 2021 1 hour ago, DCSaints_fan said: They why does CA need to give them $7 billion/year? https://www.sacbee.com/news/politics-government/the-state-worker/article229329509.html Did you read the almost 2 year old article? The one that says, "CalPERS on Tuesday advanced a scheduled increase in employer contribution ratesCalPERS on Tuesday advanced a scheduled increase in employer contribution rates, bringing the state’s total bill for the 2019-2020 budget year to about $7 billion. That money comes out of taxes and fees collected by the state and is part of the compensation promised to state workers." in the second paragraph? I'm still at a loss how this was a tax payer bailout? Looks to me that it was scheduled increased payments by the state. As I recall from that time period, this lines up with when I had to start kicking in extra $s to fund retiree healthcare costs in my monthly paycheck. Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 30, 2021 Share Posted January 30, 2021 (edited) Back on topic. Edited January 30, 2021 by The Evil Genius Link to comment Share on other sites More sharing options...
DCSaints_fan Posted January 30, 2021 Share Posted January 30, 2021 (edited) 9 minutes ago, The Evil Genius said: Did you read the almost 2 year old article? The one that says, "CalPERS on Tuesday advanced a scheduled increase in employer contribution ratesCalPERS on Tuesday advanced a scheduled increase in employer contribution rates, bringing the state’s total bill for the 2019-2020 budget year to about $7 billion. That money comes out of taxes and fees collected by the state and is part of the compensation promised to state workers." in the second paragraph? I'm still at a loss how this was a tax payer bailout? Looks to me that it was scheduled increased payments by the state. As I recall from that time period, this lines up with when I had to start kicking in extra $s to fund retiree healthcare costs in my monthly paycheck. Quote CalPERS on Tuesday advanced a scheduled increase in employer contribution rates, bringing the state’s total bill for the 2019-2020 budget year to about $7 billion. That money comes out of taxes and fees collected by the state and is part of the compensation promised to state workers. That is, California taxpayers are giving the pension fund $7 billion per year. They are supposed to "correct" this by requiring more from current workers. Historically CalPERS has been overly optimistic on the yearly ROI for its investments https://en.wikipedia.org/wiki/CalPERS Quote As of 2018, the agency has $360 billion in assets, and is underfunded by an estimated $150 billion, with current assets below 70% of necessary to provide for liabilities.[10][11] In an effort to reduce this shortfall, at the end of 2016 the board lowered their expected annual rate of return on investments from 7.5% to 7.0%, increasing the costs California cities must pay toward their workers' pensions.[12] Edited January 30, 2021 by DCSaints_fan Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 30, 2021 Share Posted January 30, 2021 (edited) 6 minutes ago, DCSaints_fan said: They are supposed to "correct" this by requiring more from current workers. Historically CalPERS has been overly optimistic on the yearly ROI for its investments https://en.wikipedia.org/wiki/CalPERS And I'm telling you they did. My mandatory pension contribution and a new additional mandatory contribution to fund retiree healthcare costs went up/were added in July 2019. Additionally, it doesn't say taxpayer $s in that original SacBee article. Rather, it says taxes and fees collected by the State. Edited January 30, 2021 by The Evil Genius Link to comment Share on other sites More sharing options...
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