Shonuff
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Greater Fool Theory: What It Means in Investing, With Examples
The greater fool theory argues that prices go up because people can sell overpriced securities to a "greater fool."
Investing General Discussion
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Sanrith Descartes
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The thing is though the Apes aren't selling, and no ones losing any sleep over it. We as the retail investor own the float. This is a fuck you to the hedge funds trying to short another business to death. Sure you'll have the paper hands along the way, but they are constantly being shook out, and more apes are picking up those shares. It costs us all nothing to hold, yet that short interest rate is looking a little rough. Also, I just like the stock!
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Furry
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Haven't we established over the past year that logic has absolutely nothing to do with the markets. There's people throwing thousands of dollars at digital cards that look like someone's highschool project over in the bitcoin thread. We are entering an era of mass insanity that is probably worse than the famous tulip craze.
That's why my investment plan at the moment is spread my money wide and just hold onto the beast. Trying to attach the future to logic is probably not a sane plan at the moment, as much sense as that makes.
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Sanrith Descartes
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Full disclosure: I flipped AMC for a 100% gain early on.
It costs you a lot to hold. Its opportunity cost. The money just sitting spinning in circles in AMC could have been in WYNN, ABBV, AMD etc and making profits.
Whether you hold it or not is immaterial to me. But do understand you are assuming risk (it is over-valued and a waterfall event can fuck you) while not making money only to "stick it to the hedge funds". This isn't investing, its activism. Which is fine, but dont confuse the two.
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Shonuff
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If there's no logic, I don't do it, whether its in my businesses or in my trading. If there is no rationale, it isn't worth anything.
Shonuff
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Opportunity cost is the most expensive cost there is.
Like I said, I owned it at 4 and sold it at 7.7. When there was no logic behind the pricing, I got out. I traded it twice, and didn't like the volatility. It was the only stock I ever traded that you could lose $400 on a day trade and still be in a green channel. It's very hard to trade a stock with 25% volatility.
Sanrith Descartes
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PLTR could be taking a dump for those looking to buy in...
nypost.com
Exclusive | FBI Palantir glitch allowed unauthorized access to private data
A computer glitch in a software program, Palantir, used by the FBI allowed some unauthorized employees to access private data for more than a year.
nypost.com
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Shonuff
Mr. Poopybutthole
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So, listening to Cramer's call for actionalerts, he came out strongly for MA and WYNN. He threw out a trade idea to sell CRM now, and buy it after earnings, since it tends to tank. But he said that the big boys think we get a relief rally for the next week, the 10 year starts to rise, and then inflation worries for the first half of September. Right after the call, the 10 year rose.
Will we start to see some jitters on Friday AM, before the Fed has its meeting?
Will we start to see some jitters on Friday AM, before the Fed has its meeting?
Sanrith Descartes
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Sanrith Descartes
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Cramer also likes F. I have basically ignored car manufacturers, but based on what he said I will keep an eye on it if it drifts down toward a support level.
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Furry
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F is an actual business, investing is about good ideas, like gamestop.
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Shonuff
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I wish I had a time machine so I could have bought more MSGE. Up 12.21% for me overall in like a week.
Since I made that trade last week:
ALK: -.53%
EXPE: -2.44
JETS: +5.23
LVS: +6.44
LYV: +4.07
MA: +1.43
MCS: +1.04
MSGE: +12.21
NCLH: +2.34
RCL: +4.83
TRIP: +1.76
UAL: +1.42
I think the covid vaccine relief trade is just starting, but I sincerely doubt these are long term for me.
Since I made that trade last week:
ALK: -.53%
EXPE: -2.44
JETS: +5.23
LVS: +6.44
LYV: +4.07
MA: +1.43
MCS: +1.04
MSGE: +12.21
NCLH: +2.34
RCL: +4.83
TRIP: +1.76
UAL: +1.42
I think the covid vaccine relief trade is just starting, but I sincerely doubt these are long term for me.
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Shonuff
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My shares of GM are up 47.84%. I believe that was one of his pics...he told us to get out, I disagreed and stayed.
Just bought more Ford this AM.
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Sanrith Descartes
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I owned GM a number of years ago. Just finished the call. It wasn't what I was expecting. I thought it would be a quick 5 minute buy this/sell that. It was impressive in the depth they went in to.
Asshat wormie
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Sanrith Descartes
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So... you will be working the rest of your life since you can't afford to retire?
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