Screw the Stock Market...

[BigFatMeanie]

Brutal week for equities. Next week could potentially see another 10% haircut.

Also, bummer for those that thought Crypto would be a good store of value:

stocks.png

[Omaha 680]

Omaha!

We know nothing about crypto. We can barely keep our 250 year old technology running.

[bluegoose]

I opened up a Fidelity account for my son as a high school graduation present a couple of years ago. He mostly let it sit for 2 years, but has had renewed interest this year, especially since the whole Gamestop thing. He bought a bunch of AMC a few months ago. He had been sitting at a 29% loss until 2 days ago, when it jumped and all of a sudden he is now showing a 35% profit. Just sold it off today.

[Moliere]

Not sure what kind of engineers you're talking about but software and computer hardware engineers (OK, fine, I'll throw the needle-neck wanker mathematicians in there too) pretty much invented crypto.

Petroleum


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[BigPiney]

Omaha!

[Joe Public]

Not sure what kind of engineers you're talking about.

[BigFatMeanie]

Not sure what kind of engineers you're talking about but software and computer hardware engineers (OK, fine, I'll throw the needle-neck wanker mathematicians in there too) pretty much invented crypto.

[Moliere]

The slack channel that was setup for a fantasy football league (bunch of old friends and acquaintances) has turned into a day trading discussion mostly focused on crypto and GME/AMC. Kind of funny but also a bit sad. Who knew that landmen and engineers were knowledgeable about crypto fundamentals and short interest percentages


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[BigFatMeanie]

These assholes are really adept at privatizing gain and making their losses a public concern.

Which assholes would you be speaking of?

[jieiks]

It is interesting to watch how traders change their preferences on stock markets. The quarantine has given am impetus to the shares of companies providing remote services. This tendency is clearly highlighted on every forex website. It is enough to read the latest reviews and publications on the tradersunion.com site. It will allow you to choose the right strategy to trade.

[Color Me Badd Fan]

I have some shares in FUBO -- as of the last report it has the same short% as GME, though the shorts could have covered quite a bit on FUBO yesterday.

[Color Me Badd Fan]

Looks like round 2 in the GME saga. Holy crap. I quickly bought 100 shares of AMC at $8 for the hell of it. I figure the downside is 25% and the upside is much, much higher than that. GME is a totally different story.

[BigFatMeanie]

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That's pretty hilarious. Of course now the bedwetters will claim I'm being anti-Semitic for laughing at Plotkin.

[Uncle Ted]

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[Northwestcoug]

Tell your socialist daughter that the fat cats on wall street appreciate her help in making them rich!

https://www.wsj.com/articles/this-he...d=hp_lead_pos3

Ha I saw that today. The revolution will have to wait another day I fear.