Investing General Discussion
- Thread starter Furious
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Mist
REEEEeyore
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People who think the "metaverse" is gonna take off when MMO companies, the people most equipped to build such a thing, have stagnated for over a decade, are idiots.
The Metaverse has as much chance of being real as Star Citizen does.
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Big Phoenix
Pronouns: zie/zhem/zer
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Nah bro, 3% of China's GDP going poof wont do anything to the world economy.
IMO the possibility is certainly there. Imagine virtual experiences like rollercoasters, tours of famous landmarks, walkthroughs on how to perform xyz task etc. without having to leave your home. Instead its being billed as human condition 2.0 all while being marketed by psychopaths.
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More 47 IQ nonsense. You look at the state of MMO's and then think any of the people making that dreck are 'equipped' to do anything besides write a low-rated buzzfeed post? I'm guessing these people might be able to do better...
Tmac
Adventurer
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The metaverse isn't going to be an MMO dumb dumb. It's essentially web 3.0.
It's going to be where everyone plants their game and users won't have to onboard into 10 different platforms. We'll eventually see a lot of crossover until the line between IP's is blurred.
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Mist
REEEEeyore
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I'm not saying virtual reality is not going to happen.
I'm saying there's not going to be an interconnected, cross-platform, cross-vendor Metaverse where people carrying consistent identities across platforms.
Jysin
Ahn'Qiraj Raider
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Sorry I wasnt here today. Been busy with baby. I eye'd MTTR for that $25 support entry at the open, but through the day it really only had a fraction of the bid support as the last few days. 17k shares bid vs the 50-60k shares the last few days. Wasn't a risk / reward entry for me. Hope no one caught that flush.
Conversely, just made a nice daytrade on LCID. $38.01 entry while it showed well over 300k share bid support at $38. Caught a 60c bounce scaling profit along the way. Out of that trade now, but there is still currently 330k shares sitting on the bid at $38.
Conversely, just made a nice daytrade on LCID. $38.01 entry while it showed well over 300k share bid support at $38. Caught a 60c bounce scaling profit along the way. Out of that trade now, but there is still currently 330k shares sitting on the bid at $38.
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Fogel
Mr. Poopybutthole
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Zog
Blackwing Lair Raider
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I just play off charts, whether theres a metaverse or not means jack shit to majority of traders. MOMO is everything.
Like Jysin said, volume has been shit in MTTR today which is partly why it even got to $25. Can only stomp on support so many times before the bottom falls out.
Good example of what to look for in the market though, at least intraday.
On the daily its been getting crushed, next support at $23, so its got a bit to go...if $23 doesn't hold, down to $21 and at that point, its dead.
AVCT has been wild today, huge volume.
Like Jysin said, volume has been shit in MTTR today which is partly why it even got to $25. Can only stomp on support so many times before the bottom falls out.
Good example of what to look for in the market though, at least intraday.
On the daily its been getting crushed, next support at $23, so its got a bit to go...if $23 doesn't hold, down to $21 and at that point, its dead.
AVCT has been wild today, huge volume.
Big Phoenix
Pronouns: zie/zhem/zer
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Tmac
Adventurer
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That's my bad actually. I meant to quote Mist's post, as that's who I was reponding to.
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Zog
Blackwing Lair Raider
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Asshat wormie
2023 Asshat Award Winner
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Big Phoenix
Pronouns: zie/zhem/zer
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Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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I dunno, I feel like if you take out the 5 biggest dumpster fires, it'd probably be more positive on a whole. There's a few stocks getting absolutely shitted on this year ala BABA. The big 5 are all probably way overvalued, but I expect that to end a forward looking indicator. Rather than them crashing, I think we'll find our money being the thing that ends up less valuable in the end.
Big Phoenix
Pronouns: zie/zhem/zer
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You can also look at advance to decline ratios. Pretty out of whack as of late.
Could Cramer be any more detached from reality?
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