Economy stonks v26

I started dabbling and got my fingers burned, self anointed newb. But I was having some fun, making a little money, losing a little money, but I didn't sell off so now stuck with my money sitting in stocks that are way down. Kind of waiting to see if they go back up at some point.

Still investing in my 403B monthly, down $600 on $8k invested. All in Fid funds.

Bry
 
SummerStriker said:
But they don't have zero % fees. You're paying somehow by using their platform.

There was a recent study that the average retail investor underperforms the total US market by like 11% per year.

https://www.investopedia.com/retail-investors-are-underperforming-the-market-5118497

Even if it is only in 2022, the 11% down exposes the grift. We're getting farmed.
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Retail investors don't underperform because of getting grifted by brokerages; they underperform because of their behavioral biases; that is, buying high and selling low. They just make poor investment decisions.

If anyone is grifting them it's social media influencers hyping up and pushing them into shit investments with meme stocks, etc.

Brokerages have plenty of ways of making money with $0 commissions: advisory services, payment for order flow, margin lending, investing your idle cash, etc.
 
Setting up for a CPI dump here me thinks. Started unloading some. If we moon I’ll be looking at puts on earnings. I don’t see any rally holding for to long.
 
HOLA said:
Brokerages have plenty of ways of making money with $0 commissions: advisory services, payment for order flow, margin lending, investing your idle cash, etc.
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And front-running their clients' trades.
 
Bry said:
I started dabbling and got my fingers burned, self anointed newb. But I was having some fun, making a little money, losing a little money, but I didn't sell off so now stuck with my money sitting in stocks that are way down. Kind of waiting to see if they go back up at some point.

Still investing in my 403B monthly, down $600 on $8k invested. All in Fid funds.

Bry
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At least you didn't hold upstart when I told you to sell lol
 
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lol i bought some BBBY in after hrs...made 2%...it runs another 10%.
 
https://www.cnbc.com/amp/2023/01/10...on-in-chatgpt-creator-openai-report-says.html

Microsoft plans to invest $10 billion in OpenAI, the startup behind popular artificial intelligence tool ChatGPT, according to a report from Semafor.

The deal is part of a funding round with other investors involved that would value OpenAI at a whopping $29 billion, Semafor reported Tuesday, citing people familiar with the matter.

It isn't clear whether the deal has been finalized but term sheets sent to prospective investors indicated the plan was to close the deal by the end of 2022, Semafor reported.

Microsoft will reportedly get a 75% share of OpenAI's profits until it makes back the money on its investment, after which the company would assume a 49% stake in OpenAI.

Microsoft and OpenAI were not immediately available for comment when contacted by CNBC.

For several weeks, the tech world has been abuzz with chatter about ChatGPT. The tool is a natural language processing model, meaning it is designed to generate text that appears as though a human wrote it.

The AI model, itself a variant of the GPT-3 family of large language models, has been used for everything from developing code to writing college essays.

A bet on ChatGPT could help Microsoft boost its efforts in web search, a market dominated by Google. The company's Bing browser has only a small share of the global search engine market, however it is hoped the deal could help the firm chip away at Google's dominance by offering more advanced search capabilities.

Five days after OpenAI released ChatGPT...the chat research tool crossed 1 million users.

......

Interesting. As other people have pointed Microsoft should probably rebrand/rename Bing when adding this, because Bing has some negative connotations associated with it.
 
finally had a god-mode day with nat gas.
Heard US wont try to ban natgas stoves...
loaded a fuckton of BOIL...up 8% :)
 
nelson peltz has been rambling for 6 days straight, not even stopping during his diaper changes
 
TSM up 8% on earnings, to $88.

My average cost per-share is $78 right now, but I've barely built up much of a position yet. Was hoping we wouldn't get some rapid rise. Had a feeling this one had the potential for that. Oh well.
 
HOLA said:
TSM up 8% on earnings, to $88.

My average cost per-share is $78 right now but I've barely built up much of a position yet. Was hoping we wouldn't get some rapid rise. Had a feeling this one had the potential for that. Oh well.
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i had some tsm calls that i just sold. they were up like 120% but i'm still disappointed.
 
Bank earnings tomorrow. Seems like nobody has a clue because investors are hitting both $FAS and $FAZ.
Was going to jump on $FAZ but decided to sit it out.
 
Some heavy upwards movement atm especially small caps. Lots of junk up with short covering I guess.

I think the rally runs out of steam soon probably when big tech rolls out the numbers.. Nice opportunity to grab cheap puts soon.

Looking to get short but not just yet. Calls on oil.
 
SummerStriker said:
I just don't understand why random traders think they are going to win. It makes no sense. The market return is average. It is a zero sum game. Trading cost fees. You're trading against institutional investors with recent information.

It makes no sense to think you're going to be killing it, playing around here.
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the stock market, and investment in companies, is not at all a zero sum game, even if you want to set the 'zero' as being market average.

practically all major brokers have commission free trading.

unless youre talking about illegal insider trading, all 'recent information' is publicly available. and all legal insider trades are easily viewable. and the percent of a company that is owned by institutions is public knowledge. if you simply went and bought companies with high institutional ownership, you'd have a wack profile.
 
Broke even on my BABA investment today, although it finished slightly below my $117.63 cost per-share. What a wild ride. Early November it was down to $64.

PKX also finished at $61.43, after being down to $36 (!) at the start of November. My average cost per-share is $60.41.

Always nice to see some real stinkers return from the grave.
 
@BIKES!
$SMSI is up 60% the last month, I can almost get out this turd with a small % profit.
You still holding?
 
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