Big Phoenix
Pronouns: zie/zhem/zer
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Surely GOOG hasnt lost 12% of its value in 2 days because of a bad question from its brand new AI platform thats a kneejerk reaction to viral nonsense right?
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Investing General Discussion
- Thread starter Furious
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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!
Blazin
Creative Title
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Of course not, I bet the majority of sellers dont even know that happened.
It's at the price it was at on Jan 25, you know two weeks ago?
Maybe the better question is what justification is there for it still to be up 20% off the October levels even after this decline
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Blazin
Creative Title
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Zzen
Potato del Grande
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A bit surprised to see this take from our resident ape, but it does underscore
Blazin
’s point about the perils of permabear-dom.The goal is the generate profits, and Lyft isn’t very good at that. They don’t have pricing power, and they’re about to get buttfucked by inflation.
They missed the street’s profit target by 90ish%, right? A 30% haircut seems pretty generous.
Still team MM though. You da real MVP of this thread since permabear
Zog
noped out 
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Sanrith Descartes
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Well, since its directed at me most likely, let me answer. Blazin is write for some instances. There are companies I dont like for ideological reasons (hello to you BZFD) and actively root for them to go to $0.00
Then there are companies that have no reason to exist but to fleece investors (WeWork, NKLA) and then their are companies that have such a horrid business model they are only being propped up because investor banks dont want to admit it was a piece of shit IPO they backed and sold.
The market is and always should be about survival of the fittest. The weak and inform need to be culled so investor money can go to the strong and healthy.
As for ideology, I went from pro-PYPL and pro-DIS to someone who wants to see them bankrupt based purely on their pivot to wokeness. I feel so strongly about it I ate a loss to vest my portfolio of PYPL because I did not want to be a part of it.
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Sanrith Descartes
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It has been said over and over and over again in this thread. Leave your ego at the door. Dont trade on emotion. Always, always go into a trade with an exit strategy. If you trade is bad, cut bait and walk away with a small loss. Don't let it balloon into a big loss. Use tools like stop losses. You have to have a plan to leave a trade and the will to execute it.
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Sanrith Descartes
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Gravel
Mr. Poopybutthole
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He's a perfect example of why index investing is for the majority of investors. It's self cleansing as the weak companies fall off the index.
None of this trying to pick winners and losers, and getting frustrated that you'd have to make perfect trades for half a decade to overcome one bad year.
You bet on something like the American economy and let the details go.
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Sanrith Descartes
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Aldarion
Egg Nazi
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if you thought that was petty, wait til the permabulls in this thread have a green day
there are only two kinds of online discussion about investing.
1. endlessly rehashed quotes attributed to Warren Buffett
2. petty comments about people who invested in the other direction than you did
Fogel
Mr. Poopybutthole
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Fuck Walmart. I copacked for them before and they have no problem constantly making us decrease our prices to them when times were good. And they got away with it because you couldn't survive losing the volume that Walmart generates. Now that the shoe is on the other foot they want to cry foul and act like they're defending the consumer. Even with all those price hikes I bet most manufacturers were still losing margin, treading water, or even still losing on each sale.
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Mist
REEEEeyore
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Yeah, the "Walmartification of America" was a huge source of the economic stagnation in the 2000s when you go back and look at the numbers. Domestic suppliers just could not operate at the margins Walmart was forcing them to accept, causing domestic suppliers to go out of business and causing us to import even more from overseas. I remember reading case studies of like a pickle supplier, a toilet paper supplier and I think even Hostess or Drakes or something that got effectively run out of business by Walmart.
Sanrith Descartes
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You just kinda proved my point. Their scale allows them to dominate the manufacturers. It always has.