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Stonk Market Chat v5: We miss you @JonesBones

Discussion in 'The War Room' started by brackis1, Feb 14, 2020.

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  1. brackis1 Steel Belt

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    @rob mafia I'm starting a new thread before the old one gets locked so that it can still be quoted later.

    This thread is for serious stonk turding and affiliated discussion. (read: people pumping their bets)
     
  2. Didn't JonesBones used to 'brag' about driving while under the influence? I wonder if he's MIA because he's in jail.
     
  3. Anung Un Rama Idol of Millions Platinum Member

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    What happened to bonesjones?
     
  4. Anung Un Rama Idol of Millions Platinum Member

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    I heard he held onto his Toys R Us stock too long and is working off the loses with Grubhub.
     
  5. andnowweknow I heard Trump lost

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    I'd prefer if the title said "stank market"...thank you.
     
  6. rob mafia Silver Belt

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    well, where the other thread left off: https://www.cnbc.com/2020/02/14/whi...centive-for-more-americans-to-buy-stocks.html

    stonks only go up.

    i'm eagerly awaiting 2/21 and seeing what my shit looks like after 37845837453674 contracts expire. my biggest 'mistake' so far this year is selling a bunch of 2/21 calls on sdc @ $12. i made the play like 2 days before it took off. my cost is 9.25 on it (plus the premiums), so i'm still making something on it, but i've been annoyed at having it eat up funds while essentially frozen out. and fuck buying back my contracts on this one.
     
  7. Even worse
     
  8. 44nutman The Original Nut of Sherdog

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    I am not sure which one of you guys was making money on Aurora Cannabis(ACB) but that stock is in trouble. I got in and out before it took a major shit, I did not make much but at least I turned a profit. They posted a billion dollar quarter loss, CEO left, and the bank cut down their line of credit. Weird part is it dropped below $1.50 but its been steady. I have been reading reports they might have to shut down, not sure why the last couple days it rallies at the end of the day. Sometimes I just don't get it.
     
  9. rob mafia Silver Belt

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    aurora's a printing press if you know how to play it.
     
  10. brackis1 Steel Belt

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    Hating myself for not riding this hype wave more on SPCE.
    Will eventually bankrupt, but another delusional moneythrow where random ppl fund billionaire folly hoping to find a bigger sucker to dump their shares on.
     
  11. rob mafia Silver Belt

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    i was mocking it at $10. it's another one of those bewildering companies fueled by hype and... just hype. it's a shining example that the market's pretty retarded.
     
  12. brackis1 Steel Belt

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    I can see the narrative though and I had predicted a run to 25.
    I should have known something like this would be parabolic AF.
    I could honestly see this getting even MORE valuation in the short term if they can generate some bozo press.
     
  13. rob mafia Silver Belt

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    probably. but their earnings is coming up soon, and that will probably trigger a dip. honestly, i should probably transfer funds around just to try to short it.

    sometimes i can't believe i still primarily use robinhood.

    for me, it's even weirder - as wsb's been all about spce and are likely the reason it's so retardedly high. ie: i've kind of known this was to happen on a daily basis, but i still stayed away as this is one i would not want to ever baghold. *shrugs*


    also, i hate weekends. i really hate weekends with a bullshit holiday.
     
  14. brackis1 Steel Belt

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    lol SPCE up another 10% premarket
     
  15. brackis1 Steel Belt

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    lol SPCE is up 30% right now. Absurd
     
  16. no fat chicks Worlds greatest poster

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    Blackberry is back ppl.
    Gonna get that Bezos money
     
  17. brackis1 Steel Belt

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    Welp after hours made this one of my best days in a while!
    SSTI, and LC flip, HLF flip.
     
  18. brackis1 Steel Belt

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    What makes you say this?
     
  19. AgonyandIrony Banned Banned

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    Y'all got advice or things to read to help a poor fool learn to invest?
     
  20. DivineMind Banned Banned

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    Can I ask u guys a serious question?

    I understand investing in a passive basket of stocks, bonds, commodities, currencies, crypto, gold - diversification is good.

    But why waste your time trading individual stocks? You realize that most hedge fund managers underperform the market (S&P)? That means it's very hard to make money consistently over time, unless you guys have an edge, which you most certainly don't.

    Furthermore, the big hedge funds have you beat on execution. They have the lowest fees, the highest speeds, and they even get to see the retail orders (your orders) before they're filled. So you're going to get eaten up on your entry and exit, meaning you're pretty much forced to buy and hold. Plus, there's so much info out there now, it's likely the professionals have more info than you, so any knowledge you have is likely to be priced in already.

    You're basically just gambling. Probably better off playing roulette at a casino, at least you know what the odds are. Or sports betting.

    So why trade? Why not just be a passive investor?

    This isn't even taking into account that the market hasn't made sense for almost a decade due to QE and low interest rates. You have no transparency into what the Fed is going to do next as well.
     
    Last edited: Feb 18, 2020
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