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Bloomberg: How WallStreetBets Pushed GameStop Shares to the Moon


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No, more sex is not the answer to the country’s problems

 

In the middle of a stock market debacle that most people are only pretending to understand — it involves GameStop? GameStop is suddenly worth all of the money but simultaneously worth none of the money? — a professor from New York University’s business school put forth a simplified analysis for why tanking companies were now being strategically overvalued by day traders.

 

“It’s about sex,” Scott Galloway tweeted in a viral thread earlier this week. “Specifically, young men not having (enough) sex.” Regularly available sex, Galloway argued, was a stabilizing force that led to “relationships, obligations and guardrails.” When sex was lacking, men were forced to act out: “Arm young men, in a basement, not at work, not having sex, not forming connection, with an RH account, a phone and stimulus and you have the perfect storm of volatility as they wage war against established players.”

 

Give the basement men sex, implied this tweet thread. Or they will take down the economy.

 

Day traders are not short-circuiting the system because they are virgins. They’re doing it for a lot of reasons, including personal profit and affection for struggling bricks-and-mortar stores and movie theaters. Mostly, they’re doing it because our flawed, unfair and highly manipulable system allows it. “The GameStop rollercoaster shows what can happen when the stock market is played like a casino,” Sen. Elizabeth Warren (D-Mass.) tweeted Thursday. “ . . . If we want a healthy stock market, we need a cop on the beat.”

 

Note how the senator did not add, “Also, women need to do their part by seducing men away from E-Trade.” Nobody serious thinks that’s how you regulate the world of finance.

 

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45 minutes ago, China said:

No, more sex is not the answer to the country’s problems

 

In the middle of a stock market debacle that most people are only pretending to understand — it involves GameStop? GameStop is suddenly worth all of the money but simultaneously worth none of the money? — a professor from New York University’s business school put forth a simplified analysis for why tanking companies were now being strategically overvalued by day traders.

 

“It’s about sex,” Scott Galloway tweeted in a viral thread earlier this week. “Specifically, young men not having (enough) sex.” Regularly available sex, Galloway argued, was a stabilizing force that led to “relationships, obligations and guardrails.” When sex was lacking, men were forced to act out: “Arm young men, in a basement, not at work, not having sex, not forming connection, with an RH account, a phone and stimulus and you have the perfect storm of volatility as they wage war against established players.”

 

Give the basement men sex, implied this tweet thread. Or they will take down the economy.

 

Day traders are not short-circuiting the system because they are virgins. They’re doing it for a lot of reasons, including personal profit and affection for struggling bricks-and-mortar stores and movie theaters. Mostly, they’re doing it because our flawed, unfair and highly manipulable system allows it. “The GameStop rollercoaster shows what can happen when the stock market is played like a casino,” Sen. Elizabeth Warren (D-Mass.) tweeted Thursday. “ . . . If we want a healthy stock market, we need a cop on the beat.”

 

Note how the senator did not add, “Also, women need to do their part by seducing men away from E-Trade.” Nobody serious thinks that’s how you regulate the world of finance.

 

Click on the link for the full article

 

In the near future we might need sexbots 

 

Anyone figures that out and they're a billionaire

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The only stocks that i picked up from Wall street bets this week was SNDL  I bought 1000 at .77 and got out at .88.    

 

I am also in CCIV (soon to be lucid motors). There is alot of good analysis on there for new SPACs at low prices. They alerted me on DKNGs and SPCE

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54 minutes ago, Hersh said:


you posted something that seemed to defend big pharma jacking up prices. This appears to be an article talking about one reason they do it and it’s not cause of all the R&D. 

 

I get that the change in the cost of innovation due to mergers and acquisitions doesn't match the increase in prices. But I am saying something else, the cost of research and development, clinical trials, application for approval, marketing and promotion, and coordinating up distribution/sales channels all are a part of drug cost.....not just manufacturing.

 

I don't like the high prices......but.....I know why......shareholders/taxes have to be paid too.....not to mention that margins are part of retained earnings for establishing long term planning. 

 

A greedy bunch makes the industry look bad.

 

I know people on both sides of this coin.....from prescription buyers to R&D/clinical doctors and drug sales reps.

 

Edited by ClaytoAli
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On 1/30/2021 at 1:02 PM, Springfield said:

Haha dog coin. That **** popped for a bit on Thursday and I got in to make a few quick bucks but that stuff is basically worthless again. Crypto is such a fool’s game to me. 


I bought Bitcoin near the peak craze in Dec 2017... then it tanked a week or so later.  But i held it and it is now worth about 2x what I bought it for.

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6 minutes ago, DCSaints_fan said:


I bought Bitcoin near the peak craze in Dec 2017... then it tanked a week or so later.  But i held it and it is now worth about 2x what I bought it for.


You only lose money when you sell

Also, stonks only go up 

Edited by Springfield
  • Haha 1
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