Buying Gamestop shares

[Martin]

I Bought at $300

Anyone else buying and holding GameStop shares?

Too late.

 

[muslhead]

I love this Gamestop play...the invisible hand of the market getting shoved up their a$$...the problem isn't the retail purchasers, it's the hedge funds taking huge short positions....the financialization of the economy is a bad thing, these people produce nothing of value....

True but dont blame the people who have prospered by what our government has allowed to happen. This is not about Democrats or Republicans its about the system. Its absolutely ludicrous to be angry at those that take what they are given. We all do to some extent. No hedge fund manager makes the laws so why denigrate and blame them? Sure they donate to the those that do but that, once again, is the system and not the person. If you have a problem address the problem not a tangent

PS their rectal cavity is long and deep so GME and the like are nothing more a case of constipation. Don't be that giddy that they are sticking it to "the man". I am sure they will still be billionaires after all is said and done and the same politicians who allow this to continue are still in power
Enough politics. Is anyone as Jazzed about getting their shipment of Buchardt 500's as I am?

 

[monkeyboy]

Looks like they are attacking Silver next, the commodities markets are highly manipulated...this one goes at the big money center banks...capital markets exist to allow for free flow of capital for productive enterprise...making them a casino benefits no one but the few who have access to cheap money and leverage...

 

[muslhead]

Looks like they are attacking Silver next, the commodities markets are highly manipulated...this one goes at the big money center banks...capital markets exist to allow for free flow of capital for productive enterprise...making them a casino benefits no one but the few who have access to cheap money and leverage...

uhmm, ok. Whatever. Apparently spend a lot of time on zerohedge
Please explain how si has anything to do with the free flow of capital for productive enterprise
This ought to be interesting. I have my popcorn and am all ears (and eyes)

 

[Tks]

I love this Gamestop play...the invisible hand of the market getting shoved up their a$$...the problem isn't the retail purchasers, it's the hedge funds taking huge short positions....the financialization of the economy is a bad thing, these people produce nothing of value....

It started becoming very visible after the conclusion of WW2 when the newly unemployed mathematicians had to go somewhere, and the financial sector became their new home - far more lucrative than their first.

 

[muslhead]

It started becoming very visible after the conclusion of WW2 when the newly unemployed mathematicians had to go somewhere, and the financial sector became their new home - far more lucrative than their first.

This is just one of their edges. Dont forget the massive computing power they purchase. Exactly why, spitting on Supermans cape can have poor outcomes.

 

[muslhead]

Shall we put a fork in GME now because the fat lady is singing.
Those that do not learn from history are doomed to repeat.
All you need to do is study parabolic arcs and anyone with good sense and prefer gains over losses, will avoid them
They follow the 80/50 rule
There is an 80% probability they retrace 50% of their gains and a 50% probability they retrace 80%. Not the best odds, even for those without a math or statistics background.
Hopefully the chasers that got in late, were able to corral the damage. Those that got in early, were smart enough to lock in profit.

 

[Frank Dernie]

For me the whole thing is a great flashing beacon indicating what a monumental f*ck up our financial institutions are.

 

[tmtomh]

If you have the disposable income to drop $300 (or a few thousand) without putting your financial security in jeopardy - and if you are not overly greedy and are content with a 3x or 5x return on your money instead of say 100x - then it's not unreasonable to put a little into AMC or another emerging short-squeeze stock.

Just be aware than unless you are deeply enmeshed in the online communities that are crowdsourcing these moves, you are going to be a bit of a late mover even if you get in relatively early, and you are a fool (IMHO) if you don't take your money out after a significant increase in the stock price - the biggest mistake people make is waiting for the kind of 30x-100x return that only the earliest and luckiest folks get.

And to @Ron Texas 's point about gambling, yes, the financial markets are all about gambling, and in particular the derivatives markets - shorts, options, and so on - are divorced from any direct connection to sales or other business fundamentals. Playing the market like this is pretty much exactly like playing blackjack, even down to the analogy of the amateur players who go by "gut" and luck vs the the more informed players who count cards.

 

[Frank Dernie]

Playing the market like this is pretty much exactly like playing blackjack, even down to the analogy of the amateur players who go by "gut" and luck vs the the more informed players who count cards.

For me a better analogy is with horse racing, where an expert with experience can make good returns, particularly with insider info, and an outsider won't.
The difference is the horse race never ends and you can change horse mid race.

My brother made a secondary living playing blackjack (he was a golf pro so had odd amounts of spare time).

 

[muslhead]

For me a better analogy is with horse racing, where an expert with experience can make good returns, particularly with insider info, and an outsider won't.
The difference is the horse race never ends and you can change horse mid race.

My brother made a secondary living playing blackjack (he was a golf pro so had odd amounts of spare time).

those that understand gaming theory, likely like your brother if he made money playing BJ, have an edge in the markets. The major difference is professionals know how to manage risk, retail investors know how to manage emotions. In the end, retail investors only contribute to those who are much smarter, more experienced, and in this case better capitalized. Trading is a zero sum game and not for the ignorant.
.

 

[muslhead]

If you have the disposable income to drop $300 (or a few thousand) without putting your financial security in jeopardy - and if you are not overly greedy and are content with a 3x or 5x return on your money instead of say 100x - then it's not unreasonable to put a little into AMC or another emerging short-squeeze stock.

Just be aware than unless you are deeply enmeshed in the online communities that are crowdsourcing these moves, you are going to be a bit of a late mover even if you get in relatively early, and you are a fool (IMHO) if you don't take your money out after a significant increase in the stock price - the biggest mistake people make is waiting for the kind of 30x-100x return that only the earliest and luckiest folks get.

And to @Ron Texas 's point about gambling, yes, the financial markets are all about gambling, and in particular the derivatives markets - shorts, options, and so on - are divorced from any direct connection to sales or other business fundamentals. Playing the market like this is pretty much exactly like playing blackjack, even down to the analogy of the amateur players who go by "gut" and luck vs the the more informed players who count cards.

Dont mean to burst your bubble but fundamentals are as valuable as $25000 interconnects. Only fools use them because no one, can predict the future and all fundamentals are based upon ANALysts future estimates.

 

[muslhead]

It's safer to play blackjack in Vegas.

yah, at least they give you free food and a room after you have lost all your cash (if you are a big enough roller).

 

[tmtomh]

Dont mean to burst your bubble but fundamentals are as valuable as $25000 interconnects. Only fools use them because no one, can predict the future and all fundamentals are based upon ANALysts future estimates.

I think you misunderstood the intent of my comment. Maybe I wasn't clear. I certainly agree that that the financial markets have always been about gambling, speculation, manipulation, and so on. However, my point is that there were a series of well-documented political-economic changes in the 1970s in the U.S. (and many other countries) that shifted both political power, and the lion's share of increases in realized profit, from the manufacturing sector to the financial sector. This spurred, and was accompanied by, a proliferation of financial instruments we can collectively label as derivatives, in that they are not stocks or bonds issued by firms that make and/or sell products.

So I would say fundamentals are more valuable than $25k interconnects, but I agree not a whole lot these days - and fundamentals are less valuable than they used to be.

 

[Mariner9]

Suggesting short sellers "produce nothing of value" is an odd take. Short sellers have exposed or helped to expose a number of large, high profile frauds that regulators either overlooked or refused to investigate. Wirecard is a good example. Madoff is another (see here).

As to "blocking people from buying on multiple platforms" - do you understand how clearing and settlement works for US cash equities? If not, then see Matt Levine's column which explains it (specifically the section, "Why did Robinhood stop them?").

 

[muslhead]

I think you misunderstood the intent of my comment. Maybe I wasn't clear. I certainly agree that that the financial markets have always been about gambling, speculation, manipulation, and so on. However, my point is that there were a series of well-documented political-economic changes in the 1970s in the U.S. (and many other countries) that shifted both political power, and the lion's share of increases in realized profit, from the manufacturing sector to the financial sector. This spurred, and was accompanied by, a proliferation of financial instruments we can collectively label as derivatives, in that they are not stocks or bonds issued by firms that make and/or sell products.

So I would say fundamentals are more valuable than $25k interconnects, but I agree not a whole lot these days - and fundamentals are less valuable than they used to be.

I didnt misunderstand your comments. they were clear. Just because we dont agree doesnt mean you werent clear or i dont understand.
I am confident i probably have many more decades of experience, years of education and credentials than you so maybe the fact we disagree is because i see it from much different viewpoint.
The facts are derivates, which dominate the world, are, for the most part nothing more than hedges (insurance) against positions of risk. The other scary fact is derivatives, due to their size, will be the downfall of our financial system.
We do agree on the financialization of everything has turned "investing" into nothing more than gambling due to the illiquidity of most of the financial assets and that human behavior is the underlying overhang of intelligent investment decisions.

PS - How are those $25k interconnects working out for ya LOL. While mine didnt cost that much, i, too fall for bad decisions (likely way more than you). The only difference is i no longer do it with financial decisions since i have a number of deep scars on my ass that remind me every day

 

[tmtomh]

I didnt misunderstand your comments. they were clear. Just because we dont agree doesnt mean you werent clear or i dont understand.
I am confident i probably have many more decades of experience, years of education and credentials than you so maybe the fact we disagree is because i see it from much different viewpoint.
The facts are derivates, which dominate the world, are, for the most part nothing more than hedges (insurance) against positions of risk. The other scary fact is derivatives, due to their size, will be the downfall of our financial system.
We do agree on the financialization of everything has turned "investing" into nothing more than gambling due to the illiquidity of most of the financial assets and that human behavior is the underlying overhang of intelligent investment decisions.

PS - How are those $25k interconnects working out for ya LOL. While mine didnt cost that much, i, too fall for bad decisions (likely way more than you). The only difference is i no longer do it with financial decisions since i have a number of deep scars on my ass that remind me every day

Well, now we're in a position of not agreeing about whether or not we're disagreeing. It seems clear we agree on financialization, and when I read your comments on derivatives I find myself nodding in agreement as well. Beyond that I see not disagreement but rather a good deal of condescension based on suspect assumptions, mitigated by a little bit of levity towards the end. We know nothing of each others' years of practice and/or study and credentials, and that ignorance goes both ways unless or until we fill each other in. As for interconnects, I've never bought premium ones. I've made many bad decisions in my life, but high-dollar audiophile stuff is not one of them. Cheers.

 

[muslhead]

Well, now we're in a position of not agreeing about whether or not we're disagreeing. It seems clear we agree on financialization, and when I read your comments on derivatives I find myself nodding in agreement as well. Beyond that I see not disagreement but rather a good deal of condescension based on suspect assumptions, mitigated by a little bit of levity towards the end. We know nothing of each others' years of practice and/or study and credentials, and that ignorance goes both ways unless or until we fill each other in. As for interconnects, I've never bought premium ones. I've made many bad decisions in my life, but high-dollar audiophile stuff is not one of them. Cheers.

Please fill me in on your years in the industry, the millions or billions you have managed, your credentials and anything else that may impress the masses.
The only reason i assume is there are few that can match. Not impossible highly unlikely and those that are, many i have been trained by so .. who knows, maybe you have helped make me the pain in the ass i am today.

 

[tomelex]

I learned from both of you guys, good to go gentlemen!

 

[tmtomh]

Please fill me in on your years in the industry, the millions or billions you have managed, your credentials and anything else that may impress the masses.
The only reason i assume is there are few that can match. Not impossible highly unlikely and those that are, many i have been trained by so .. who knows, maybe you have helped make me the pain in the ass i am today.

I'm not a financial industry money manager. I am an academic who has studied the broad history of financialization, particularly in the U.S. I'm not particularly interested in waving d***s around and instead would be more interested in what you saw in my original comment that you disagree with, since I honestly don't understand what you think we're actually disagreeing about.