OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[degenerate423]

Does Cramer always look that high? boy looks like he zooted!

S southernhospita He found it .

 

[degenerate423]

You know if all you’re looking for is a double, you could buy a real company that isn’t a meme right?

Not gonna lie, my buddy is making a killing off these WSB picks . I can’t even say anything because he’s seeing his portfolio getting big enough to buy a second rental.

 

[noskey]

Not gonna lie, my buddy is making a killing off these WSB picks . I can’t even say anything because he’s seeing his portfolio getting big enough to buy a second rental.

I hope for his sake he cashes in sooner rather than later and knows this isn't normal. I know johnnyredstorm and I have lurked WSB for years, and it has NEVER been this easy for those degens to win. And it's not because of extra DD or someone unlocking some secret. It's this market, which is a once in a lifetime experience. And this will RUIN people before it's over. GME might be a legit squeeze and some damn fine work done by a handful of very influential people. BB? BBBY? PLTR? Nah, those arent it. Its luck and gambling. Survivors bias. No one should look at this past 9 months of market action and think that it's this easy, or it'll continue. The rug pull, and there is always a rug pull, will be more brutal than I think I've ever seen in my life.

Thank you coming to my TED Talk.

 

[CrownRoyalDaddy]

I hope for his sake he cashes in sooner rather than later and knows this isn't normal. I know johnnyredstorm and I have lurked WSB for years, and it has NEVER been this easy for those degens to win. And it's not because of extra DD or someone unlocking some secret. It's this market, which is a once in a lifetime experience. And this will RUIN people before it's over. GME might be a legit squeeze and some damn fine work done by a handful of very influential people. BB? BBBY? PLTR? Nah, those arent it. Its luck and gambling. Survivors bias. No one should look at this past 9 months of market action and think that it's this easy, or it'll continue. The rug pull, and there is always a rug pull, will be more brutal than I think I've ever seen in my life.

Thank you coming to my TED Talk.

nothing weird or WSB-driven about whats happening with PLTR

 

[1c3m4m]

Yesterday was a lesson learned, what a day

 

[johnnyredstorm]

PLTR is like 60% owned by retail or something ridiculous. It’s a legit company but it’s a meme for the ****s there. BB could be a good turn around story potentially. But if all your goal is is to flip a double, you’re not thinking big enough with a vision. You think all I wanted was a double when I bought PINS in January? I said at minimum it should be trading at the same price TWTR was (a double) and thought it could be a 100 stock. If you’re creating wealth you should be looking for the best opportunity to make the most amount of money and compound over time. A double is cool for a flip, but when you’re using rocket emojis for trash *** Nokia and praying for BB at $35, you’re doing it wrong. I’ve never once HOPED a trade was going to work out for me since March. I did my DD, and I managed my risk and I reacted to price. Hoping is for losers who just started with no process, plan or conviction. Be a winner.

 

[BALH ENH]

You know if all you’re looking for is a double, you could buy a real company that isn’t a meme right?

These meme stocks is like selling dope. **** flips fast, and I need a beach house by April. Dont come between me and my dream.

 

[hennessy]

These meme stocks is like selling dope. **** flips fast, and I need a beach house by April. Dont come between me and my dream.

A lot of people out here on a pipe dream. This WSB YOLO groupthink is toxic man. Sure there a few big winners but then you have people losing their life savings trying to make quick flips.

I worked so hard to get where I’m at I’m more focused on NOT losing than winning. Some of these people see the potential win and are turning a blind eye to the potential loss (especially with options trading). Some real degenerate gambler behavior.

 

[johnnyredstorm]

These meme stocks is like selling dope. **** flips fast, and I need a beach house by April. Dont come between me and my dream.

You’ll be homeless by March but good luck fam.

 

[johnnyredstorm]

A lot of people out here on a pipe dream. This WSB YOLO groupthink is toxic man. Sure there a few big winners but then you have people losing their life savings trying to make quick flips.

I worked so hard to get where I’m at I’m more focused on NOT losing than winning. Some of these people see the potential win and are turning a blind eye to the potential loss (especially with options trading). Some real degenerate gambler behavior.

That perspective fam

I’ve said it in here before BB probably could work as a turn around play. The thematic makes sense. The news they put out about Baidu is 3 years old, but whatever. It’s a good story to trade off of. But you have to know what you own. If I’m long 50 shares of ROKU at $430, I’d be long 25 shares of BB at its current stock price because one is a home run platform that is redefining television and advertising and the other might become an operating system for a car. There’s an idea here that’s worth a spec, but if you are putting in REAL money that you need, you’re just a degenerate. Buy some quality growth stocks first and foremost and with 1-5% of your book if you NEED to be a degen, go do it. When that 1-5% goes to 0, if you bought the right growth stocks, your account shouldn’t even reflect the loss.

Do NOT try to get rich in this market. The time to do that was in 2020, if you’re late to the party so be it. Try to be CONSISTENT and CREATE WEALTH. that should be your goal. Consistent, sustainable gains that compound over time and change your life forever. If you’ve already hit it big, just remember, you only need to get rich once. I’d say most of us here are thriving because of the environment, not us. Stay humble, stay true to the process and wire out if you have huge gains that you never saw before. Do NOT become reckless. When this market corrects 20-30% in a month or six or whenever it happens, I want to see a thread that is salivating at that opportunity, not one that is beaten down and insolvent.

It’s all about emotions and being solvent right アミーゴ

Long HAACU. Good read.

Analysis: Livongo founders' HAAC SPAC - Exits and Outcomes

Over the past few weeks, a couple of E&O subscribers wrote in to ask if I’d heard whether the Health Assurance Acquisition Corp. SPAC run by a team comprised mostly of ex-Livongo founders and executives was eyeing Virta Health or Omada Health. While I don’t have any inside information on their...

exitsandoutcomes.com

 

[miniojw]

I can’t transfer funds from my Schwab bank to my brokerage.

 

[crownedhead]

Anyone in on SKLZ?

My DD has been very preliminary. Will deep dive more.

Thoughts anyone?

 

[johnnyredstorm]

Anyone in on SKLZ?

My DD has been very preliminary. Will deep dive more.

Thoughts anyone?

Was in at 14 and out at 18. Mistake. Some good DD on Twitter for it as a quick read.

Sold out of TGT, trimmed JMIA and FTCH. Sell when you CAN not when you HAVE TO. Down to just 15 shares in those 2 and I'll hold that through any down turns. I trimmed because of parabolic moves and because their TAM isn't the entire planet, but I'll add back on weakness. FTCH is a great company but it's luxury fashion which isn't a necessity in theory, and JMIA has no business being up here tbh. They NEED to raise cash and if they don't I'm going to exit at $100. Also bot more HAACU.

FB really intrigues me and I may be a buyer after hours. Oppenheimer says Shops can add 25-50 billion in revs, WhatsApp is finally being monetized, Oculus is entering the main stream. Think this is a $2 trillion MC in 10 years.

 

[crownedhead]

Was in at 14 and out at 18. Mistake. Some good DD on Twitter for it as a quick read.

Sold out of TGT, trimmed JMIA and FTCH. Sell when you CAN not when you HAVE TO. Down to just 15 shares in those 2 and I'll hold that through any down turns. I trimmed because of parabolic moves and because their TAM isn't the entire planet, but I'll add back on weakness. FTCH is a great company but it's luxury fashion which isn't a necessity in theory, and JMIA has no business being up here tbh. They NEED to raise cash and if they don't I'm going to exit at $100. Also bot more HAACU.

FB really intrigues me and I may be a buyer after hours. Oppenheimer says Shops can add 25-50 billion in revs, WhatsApp is finally being monetized, Oculus is entering the main stream. Think this is a $2 trillion MC in 10 years.

I'm not sure people realize the monster WhatsApp can be once they start monetizing

 

[antidope]

PLTR is like 60% owned by retail or something ridiculous. It’s a legit company but it’s a meme for the ****s there. BB could be a good turn around story potentially. But if all your goal is is to flip a double, you’re not thinking big enough with a vision. You think all I wanted was a double when I bought PINS in January? I said at minimum it should be trading at the same price TWTR was (a double) and thought it could be a 100 stock. If you’re creating wealth you should be looking for the best opportunity to make the most amount of money and compound over time. A double is cool for a flip, but when you’re using rocket emojis for trash *** Nokia and praying for BB at $35, you’re doing it wrong. I’ve never once HOPED a trade was going to work out for me since March. I did my DD, and I managed my risk and I reacted to price. Hoping is for losers who just started with no process, plan or conviction. Be a winner.

This is why I tell people not to look at their accounts every day. I have fallen back into the habit of doing so and I hate it. Why am I looking at 20-year money every day? Just going to create bad habits and be obsessed with small movements that mean nothing in the grand scheme of things. I used to only look when it was time to add money and then check performance then and that was it.

 

[turbospartan]

Not gonna lie, my buddy is making a killing off these WSB picks . I can’t even say anything because he’s seeing his portfolio getting big enough to buy a second rental.

I have a buddy that is killing it too. Not from WSB, but more from stocktwits I think but a lot of the same tickers get mentioned. He has turned like $90k into almost $400k at this point. I keep thinking that he should roll his wins into some more solid options, but he's making a lot more than I am right now so who am I to tell him anything.

 

[johnnyredstorm]

I'm not sure people realize the monster WhatsApp can be once they start monetizing

Look at what WeChat brings in as a potential comp

This is why I tell people not to look at their accounts every day. I have fallen back into the habit of doing so and I hate it. Why am I looking at 20-year money every day? Just going to create bad habits and be obsessed with small movements that mean nothing in the grand scheme of things. I used to only look when it was time to add money and then check performance then and that was it.

I actually look everyday to make myself numb to it so I don't even agonize over it. At this point, anything in size for me is what I view as. 20 year hold and potential 10 bagger, so if we tank, we tank, and I use my cash to buy more. I've really trimmed down to just what I want to own forever, at sizes I'm comfortable seeing a 50% haircut at, with only like 2 or 3 tiny lotto plays (HEC, MMEDF, ZNTE) that add up to one full low conviction holding.

Chamath out here forcing MM to buy GME and bail out WSB. he's the real hero.

 

[ballinsam23]

My man johnnyredstorm always sells out of DKNG too early. I took enough losses on this one, probably gonna forever hold.

Hope AMD does me right soon. Want to add more CURI.

 

[southernhospita]

They must be moving their money to SPCE this time around

It’s moving crazy
I don’t want any part of that

 

[antidope]

People make the game way harder than it needs to be. I finally took the time to make an update to my watchlist today, and these are just the initial buys; no avg basis or notional values for obv reasons. You just buy quality names and sit back and it will take care of itself.

Some stuff in here I will be getting rid of, like I bought Mondelez cause I love Oreos stuff like that makes no sense.

 

[crownedhead]

They must be moving their money to SPCE this time around

It’s moving crazy
I don’t want any part of that

SPCE is moving because of the potential it'll be in the yet to be created ArkX.

 

[iheartboost]

FCEL and IDEX

 

[southernhospita]

SPCE is moving because of the potential it'll be in the yet to be created ArkX.

Thanks all I know is I usually don’t even bother trading tickers when they move like that

 

[johnnyredstorm]

My man johnnyredstorm always sells out of DKNG too early. I took enough losses on this one, probably gonna forever hold.

Hope AMD does me right soon. Want to add more CURI.

Any time the market looks like it might seeing heavy selling I get out of DKNG and then nothing happens and I have to buy back I've made money on it every time, but I'm ok with being out of it here, I want the cash position it gives me. My whole process has been refocused now to trying to own companies where their TAM could be the entire planet. That's where my highest conviction will be and then on a smaller scale, I look for the bet growth opportunities like DKNG, FTCH, JMIA, etc. I like those companies a lot long term, but when I need to add cash, I feel safest pulling from them to keep perspective.

People make the game way harder than it needs to be. I finally took the time to make an update to my watchlist today, and these are just the initial buys; no avg basis or notional values for obv reasons. You just buy quality names and sit back and it will take care of itself.

Some stuff in here I will be getting rid of, like I bought Mondelez cause I love Oreos stuff like that makes no sense.

Solid list, this is the way to do things long term. Gonna steal this from you

 

[shorty doo wop]

So SPCE not a part of that wsb mess. I been holding that for a while now. I liked it long term but I’ll jump if it’s a part of that mess lol