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What's on your mind at this instant? -- Volume 13


ammcinnis

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Was this post from last Friday not clear enough?

 

I bought some GME last week around $40, sold a bit yesterday to recoup my initial outlay, and now I'm just riding this rocketship to Mars.

And its frozen.

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And its frozen.
It is?

 

There have been multiple 5-10 minute trading halts over the last few days due to rapid increases and decreases.

 

And I see Robinhood has pulled the ludicrous bullshit of stopping buying of GME, only allowing sell orders. Pretty rich coming from a company that tags itself as "democratizing financial markets."

 

But it isn't frozen frozen.

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It is?

 

There have been multiple 5-10 minute trading halts over the last few days due to rapid increases and decreases.

 

And I see Robinhood has pulled the ludicrous bullshit of stopping buying of GME, only allowing sell orders. Pretty rich coming from a company that tags itself as "democratizing financial markets."

 

But it isn't frozen frozen.

Buy the dip its below $200!

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It is?

 

There have been multiple 5-10 minute trading halts over the last few days due to rapid increases and decreases.

 

And I see Robinhood has pulled the ludicrous bullshit of stopping buying of GME, only allowing sell orders. Pretty rich coming from a company that tags itself as "democratizing financial markets."

 

But it isn't frozen frozen.

 

All these entities that are stopping the ability to trade, should be shutdown. Hedgefunds have been doing this for decades. But now that they're being romped for a couple weeks, they're making noise. F them.

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Not sure how much you all have gone down the reddit rabbithole with gamestop stuff, but this one wallstreetbets poster is a great story:

 

https://www.reddit.com/user/DeepFuckingValue

 

He also has a youtube channel, roaring kitty. I've only watched bits and pieces of his youtube videos, but he seems like a pretty smart guy, in the Graham/Buffet value investing mindset.

 

In summer 2019, he did some research and decided that he thought gamestop was undervalued, so bought long term call options, and eventually rolled some gains into stock holdings. This short squeeze stuff wasn't part of his early analysis, but he did catch on early that it was becoming highly shorted.

 

He got shat on for awhile, because....gamestop. He stopped responding to comments on his posts awhile ago, probably a result of the negative feedback. But he's still posting gain porn updates.

 

His initial options purchases were about $50k. He's been cashing out a bit, now at about $13 million cashed out, plus another almost $20 million in unrealized gains.

 

Reading some of the old negative comments is hilarious. Obviously, hindsights 2020 and all, but still. Dude did his research, had conviction, and is now set for life.

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All these entities that are stopping the ability to trade, should be shutdown. Hedgefunds have been doing this for decades. But now that they're being romped for a couple weeks, they're making noise. F them.

 

Yep.

 

F them.

 

I don't even think the Reddit crowd cares if they lose money. Good for them.

 

I hope they rinse and repeat this shit until short selling dip shit hedge fund managers all suck start a pistol or jump off the roof of their penthouse.

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Yep.

 

 

 

F them.

 

 

 

I don't even think the Reddit crowd cares if they lose money. Good for them.

 

 

 

I hope they rinse and repeat this shit until short selling dip shit hedge fund managers all suck start a pistol or jump off the roof of their penthouse.

With the rate this administration says they are going to hand out stimulus checks... this could certainly continue.
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Wait a couple.

 

February isn’t much better. We get possibly the lamest holiday of the year, Valentine’s Day, at least I’m going on a beach trip that weekend.

♪Emancipate yourselves from mental slavery;

None but ourselves can free our minds.♫ -Bob Marley, Redemption Song

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If it's any consolation, it is going to be down -5 F here tomorrow, not accounting for wind chill.

 

Bundle up, we really don’t get a fourth season here. Our seasons are rain, pollen, some sun and more rain

♪Emancipate yourselves from mental slavery;

None but ourselves can free our minds.♫ -Bob Marley, Redemption Song

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