Lurker > red sox 777

Jakyl25 posted...

Well its probably already too late for that to happen so oh well

Lock up that Orlando future beach front property to leave to your kids

Once this gets going the transformation can happen in just a few years. It can happen much faster than any of the models being put out by climate scientists. I think we are very close. The market is acting that way at least (with Tesla basically being comparable in value to all other car manufacturers combined).

https://en.wikipedia.org/wiki/Whale_oil#/media/File:US_Whale_Oil_and_Sperm_Oil_Imports_(1805-1905).jpg

Notice the 80% decline over a 10 year period. This is why I haven't invested in BP (otherwise it would be screaming buy to me). I believe.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Yeah, I'm pretty convinced the free market is going to end the global warming problem on Earth, not government or international regulations. Once the cost of green energy gets below the cost of fossil fuel extraction, we are looking at a whale oil level extinction event for fossil fuels.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

GME, AMC, and CNK kind of saving this from being a bad red day today.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Also, *kicks self for not investing in Square much earlier.*

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I have a friend who works at Square. Looking at that stock graph, he could probably retire by now.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I would rename "stop-loss" in my mind to "stop-gain."

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

We really don't need more people in government who insult people on Twitter.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Sunroof posted...

Ive never spent a penny on any of them, miraculously.

How do they make money then?

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Seanchan posted...

I feel like this would be very controversial:

When you're talking math and science there IS (usually) a hard answer. 2+2 = 4 and any other answer is incorrect. Is she doing something like?
Q1) 2+2 =
A1) Something less than 2
A2) Some thing more than 2

Because that would be bizarre to me. I know my example is math rather than science but still...I think I'd need an example of how this would work.

In principle this is good, but it is very easy to end up with Trump after students are given this kind of education. Trump is basically the embodiment of the worldview that objective truth does not exist, only subjective feelings. Be careful what you wish for.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Bloomberg has it as expected to close in 2nd Quarter 2021. The post-merger ticker will be ME, which I like - it's simple and catchy. I actually think there is significant value in C3.AI getting the ticker symbol AI - if there was no company, that ticker symbol alone would have a lot of value.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I just invested some more into VGAC (SPAC merging with 23 & Me). Feeling pretty bullish about this and hoping for a multi-bagger.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

You obviously know a lot more about dating apps than me, so I'll take your word for it that Bumble is not that unique.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

3 to 5 hours? *Looks at Plum's chart*

Well, if we're in the "Greed" phase, it looks like "New Paradigm" is next - so just about anything should go up!

(This is a joke).

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Hmm, that's odd, I don't see any news about the Fed today.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Whole market fell hard in the last half hour or so. Must be something the Fed said.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I feel KO is undervalued. Where I'm hesitant with investing in it is that the rate of return for such a big, established, company might not match some of the stellar rates we're seeing with smaller companies nowadays.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

This next Trump lawyer is better, he's coherent and what he's saying is correct and makes sense. But, all he's saying is that the impeachment trial needs to be fair and Trump deserves due process. I don't think anyone disagreed with that.

Oh, now I see where he's going with this. He argues Trump was entitled to all the due process of a full trial in the House. That's not how it works. Defendants are not entitled to defend themselves before a grand jury. That's what the trial is for....

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

You wouldn't be. AVCT has a market cap of 156 million.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

This Trump lawyer sucks. I'm curious if he is normally this bad or if it's just because Trump is forcing him to argue the indefensible.

Edit: There he goes again. There was no classical Greek Republic. Greece was not unified back then. So there is no way the Greek Republic could have collapsed because they did something like impeaching their leader.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

He's saying we need to protect free speech, but uh..... that's not what Trump is charged with.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Thought the House managers did a good job. Trump's lawyer is rambling, misstating facts (Athens did not have a Senate), and I'm not sure what his point is.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Actually, I think it's good practice to just always use limit orders and never use market orders. I'm having a lot of trouble thinking of a situation where there is a real advantage to using market orders.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Depending on whether you've set it up as an all or nothing order, it may or may not fill for less than all of the shares you want. But that's usually not a big deal.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I'm not totally certain if this is true, but according to people on Reddit, someone inadvertently bought GME calls for $4,400 a share (that's $440,000 per call) because they sent in a huge market order and that was momentarily the lowest ask. That really really sucks.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Yes, do not use market orders for illiquid stuff.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

It's $30, relax and consider it the cost of a meal at a restaurant.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

On HCMC: wow, it's literally below a penny! Do we still call it a penny stock? Maybe a farthing stock - four farthings to a penny in the old British system.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

ZM has been quietly on the rebound for a while.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

That's not really how it works. Capping your gains at a small percentage without capping your losses at a small percentage can lead to actual losses across multiple trades.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Okay, so I'm rethinking this expanding to 20 stocks thing. I think it's probably better to stick to 10-15 and cut out some stocks that I don't have that much confidence in. Some more work for me in deciding which positions to close but probably better for returns.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

BTC is now my 4th biggest gain behind SPCE, GME, and CAR. I really should have put some in ETH yesterday. Vacillated over it a bit too long.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Wow, that's ridiculous. The US justice system is downright shameful.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Congrats on the 100k! God bless America and bull markets.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

At this point I'm not sure the commissions are such a bad thing. At least then you can be more confident your trades are being executed at fair prices. If you aren't a day trader, there aren't that many trades anyway. I think I've had something like 2 true day trades (where the same stock is bought and sold in the same day) in a year.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

It's easy to make money in a bull market and it is really tough to make money by timing a bear market.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

https://www.google.com/finance/quote/SH:NYSEARCA?sa=X&ved=2ahUKEwimoMTg8truAhXCGDQIHW-jDEIQ3ecFMAB6BAgJEBk&comparison=NYSEARCA%3ASPY

Here is the long term comparison of SPY to SH (an ETF that inverses the S&P 500). I think history is fairly clear that the amount of money lost in market crashes is way smaller than the amount of money lost by missing out on bull markets because of a fear of crashes.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Great to see Tom Brady win without Bill Belichick.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I would say that gold and silver have the same characteristic where most of their value comes from people collectively assigning them value. Fiat currency definitely has that characteristic. But, gold and silver have been valuable for thousands of years, and that's because people genuinely believe it is valuable, so they are willing to hold it.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

It's the system that's bad. In the apple tree analogy, the tree itself is bad, from the roots up. ACAB still misses the point because it makes it sound like all the fruit just happens to be bad, without acknowledging the problems with the tree. And it is inflammatory because it pins the blame on individual police officers, many of whom are decent people, and by and large are not super powerful or rich.

People need to understand how deep the rot goes - far beyond individual officers. Look at police chiefs, mayors, district attorneys, attorneys general, politicians, and even voters with blinders on as to how police treat other people in other places.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I vote we keep the name as is. We can talk about crypto even though it technically isn't a stock.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Free money is always good. I should probably get on watching those Coinbase videos for the free money. I'm probably too lazy though.


---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I had been planning on buying the Robinhood IPO but won't be now. If Fidelity wants to do an IPO I want that one!

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

GameStonk posted...

Alright, I'll be right there with you brother.

I remember Airbnb and Doordash being ridiculously overvalued so I'm surprised anyone made money there. I may have to check the day 1 patterns. Curious if there was a big dip after the first hour or so before they went back up.

AirBNB is up quite a lot from where it opened. My recollection is that no one in this topic bought Doordash.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

This topic had quite a negative experience with the AirBNB and Doordash IPOs a little while ago. Not that anyone lost money - I think we all made money. But the way the price pretty much doubled from the "IPO price" to the first trade accessible to the general public the next morning was just unfair. If you can somehow buy the IPO shares from the company, that's gotta be the easiest way to make money in the stock market. Nothing is guaranteed but those seem to go up most of the time, and often by a lot.

I also plan to buy the Coinbase IPO. I think they've got a great business model and it's a good way to get more exposure to crypto.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

This was the first "normal" market day in what feels like forever in that I didn't make or lose what to me feels like a lot of money. Happy I ended up green for this week despite GME and AMC imploding.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

The modern way of paying dividends is to buy back stock. Because that one isn't taxable, or if the shareholder sells, it is often taxed at the long-term capital gains rate.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

While we no longer grant outright monopolies like the East India Company enjoyed, there are clearly significant advantages to the corporate form. The most important of which is that the shareholders have limited liability. Moreover, double taxation isn't an issue for many of our largest and most successful corporations because they don't pay dividends anyway.

I think it makes a lot more sense to make dividends tax-free than to not tax corporations.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

I wish I had set a limit sell order before that. Was asleep and it was halted by the time I logged in.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Luckin Coffee has filed for Chapter 15 bankruptcy. I am not sure what exactly Chapter 15 bankruptcy does to shareholders, but I would imagine the stock price is going to dive off a cliff. Dodged a bullet by not buying!

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!

Responding to Cly from the last topic, my current allocation is:

Cash 11%
Crypto 6%
Stocks 83%

I don't own any ETFs, mostly because I perceive them as boring. A big reason for doing this for me is the fun of picking stocks myself, and being right or wrong. Also, I don't normally have this high an allocation for cash, but I just sold some stocks the past couple days and haven't reinvested them yet. Usually, I like to keep cash at a level enough to cover immediate expenses and that's it.

I do have some other investments managed by other people, like a 401k, which I basically try not to think about or include in allocation thoughts.

---

September 1, 2003; November 4, 2007; September 2, 2013
Congratulations to DP Oblivion in the Guru Contest!