Investing General Discussion

Youve got a knack for selling tops. Impressive really.

Anyone's guess where we go from here.

So, Apple just presented their new phone with the long awaited AI (apple intelligence).

They dropped the bombshell it is releasing in beta status! This is NOT the usual Apple way. They are typically late to the game with an ultra polished product.

SELL THE NEWS, in my opinion.

Blazin said:

That's all true as long as he doesn't coordinate with anyone else. I think that is the unknown, my guess is no. He is just a shit lord having fun not having super secret meetings with hedge funds.

I kind of want to renter market here for another day trade. we have resistance 4 pts up on SPY just not sure the juice is worth the squeeze or just leave well enough alone.

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The danger for Gill is that the government decides to suddenly "modify" their interpretation of what "coordinate" means. Something like: "changes in technology and the nature of social media require that we reevaluate what it means to illicitly coordinate when it comes to securities laws" Or some such.

And if you think the government wouldn't do something like that and not think twice, think again

Arden said:

The danger for Gill is that the government decides to suddenly "modify" their interpretation of what "coordinate" means. Something like: "changes in technology and the nature of social media require that we reevaluate what it means to illicitly coordinate when it comes to securities laws" Or some such.

And if you think the government wouldn't do something like that and not think twice, think again

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They are definitely going to do this. Does the guy really add value the way musk or a real entrepreneur does though? Initially sure he blew up some shorts on unfairly shorted companies but recently he just pumps and dumps.

regarding appl I would worry the same thing happening to google will happen to them. The walled sandbox being broken into would wreck their revenue.

Sanrith Descartes said:

I wasn't comparing the two in terms of brains or talent. I was only comparing them as people who put every dime into their ideas.

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Gotcha. I guess I come down on the side of is his behavior really something that should be encouraged and I come down pretty firmly on the side of no it shouldn’t be encouraged and then my follow up question is is it so bad that it is something that should be legislated against and there I am less sure since I think his followers need to have agency and bear responsibility too.

The entire GME thing was amazing at all levels. This dude, and no matter what you think of him, was essentially a nobody who posted a massive GME position with why he thinks the company could be awesome. This position and his post lived for months or almost a year if I remember reading the story correctly. Then, for apparently no reason, the thing gets necro's and because gamers are autistic, they want to crush the big corporations/banks and they push GME to an absolutely unfounded price in a short squeeze, making this dude a multi-millionaire many times over.

During this process the big corp./banks pulled out all stops to try and curb the pain. All the funky shit with halts but somehow massive sells still going through. Then he gets brought before congress...wtf?

Then he tried to do it again, but this time they were ready. The needle barely moved and to put a beautiful amount of icing on the cake, GME does a surprise early release of earnings(which sucked of course) *AND* announces an absolutely monumental share offering creating enough dilution to avoid any problems. Sure....that was planned and totally normal.

I would bet someone made a phone call to the CEO/board members that if they do this they'll all get some perfectly legal side payout. The entire thing reeked to the high heavens. The little guy will *never* win at scale.

Good for him for sure, but just like politics and trump revealed the deep state for what it is, this event absolutely shed light on the fact that when someone needs a piece of the market to go a certain way, it absolutely can happen.

Anyway, sorry for derail.

I also believe we seeing a fake crawl up that will revert, took a smaller short position on QQQ, plan to sell if it's worth 4.00$ or close to break even if I'm wrong.