Lurker > WingsOfGood

he could have went a little harder but nice

Here was the "cult" leader's tweets today

https://twitter.com/theroaringkitty/status/1790041813379850491?t=FY-N5DGuAoMsVeikyylueA

https://twitter.com/theroaringkitty/status/1790072011810812231?t=fLU0CV7toR_NjhvzNuoWOA

https://twitter.com/theroaringkitty/status/1790087112282239085?t=fLU0CV7toR_NjhvzNuoWOA

GME sitting at $30 now at end of day.

Will it DROP hard tomorrow? Or will it sit at 30? Or will it go up?

DarthAragorn posted...

Oh my god it is may of 2024 and you are still posting about fucking gamestop stock?

I literally haven't for years but all the news is reporting it today.

creativerealms posted...

Tesla needs to unionize.

Musk would close the company down immediately.

Kuuko posted...

try to get as many people joining into it as they can. Because that's the real way to make money on it. Buy in early, and sell to the people joining in later after they drove the price up for you.

I don't recommend anyone to buy GME.

DrizztLink posted...

I can read the topic right in front of me, I read the ones about aliens and the old ones about this exact same thing.

Don't try to gaslight me.

Why does reporting on current events mean I cannot have an opinion and engage with people?

Scardude posted...

Any comments on my link wings?

Seems like a convoluted plot. Wonder how often it happens ans doesn't get caught.

U.S. authorities alleged Babini and co-conspirator Edward Withrow III used a Swiss trustee and foreign accounts to conceal their control over shares of Endeavor and engaged in manipulative stock trading to artificially inflate the companys share price from seven cents to 25 cents as part of a promotional campaign to generate investor demand.
Babini agreed to execute pre-arranged trades with an undercover federal agent posing as an individual with a corrupt network of stockbrokers with the goal of raising at least $200,000, said the U.S. Attorneys office.

Lololol ooopsies

DrizztLink posted...

If you just reported current events you wouldn't have all your topics blow up over you being bull-headed and throwing a shit fit over people disagreeing with you.

False.

Board_hunter567 posted...

If you buy shares. Degenerate gamblers can still get their fix playing options.

But see this is intentional so perfectly fine or something.
Like I can get with the idea that GME is risky and shouldn't be bought, the issue is calling it a scam while the rest of the stock market exists.
Sure there is slow "safer" ways but that doesn't negate that the average stock is hose town.
I too have a 401k but it basically the only retirement method offered by modern companies.

__aCEr__ posted...

3 years and Wings is still on this Gamestop garbage.

I just report current events.

Rai_Jin posted...

it's not just gme though, there is something wrong with the stock market in general.

Care to elaborate?

Zero_Destroyer posted...

I wonder if op bought nfts

Never bought any nft

ironman2009 posted...

People relying on GME to hold their retirement up over the next 20 years are LOL or even LMAO worthy

Who is doing this? When I said retirement bought GME I mean like teachers union and such which are diversified portfolios.

dummy420 posted...

Wasn't their deal apes together strong? So in time for another planet of the apes movie.

Lol if this is the cause of the surge...lol

Kuuko posted...

Anyway, can we please get back on topic to the gamestop cult stuff and the pump and dump. I'd rather see you talk about that because it's more funny.

Do you think the guys doing the idiotic DRS stuff are why it jumped today?
They been supposedly doing this for the past 3 years and the stock just kept dropping.
Did a huge surge of new "cultists" join or something? Or the surge is unrelated?

It begins

Kuuko posted...

They weren't always the most popular option

Wasn't for the past 20 years.

Literally just now are.
Glad we cleared that up.

So when I explained the instituion rolls a stock into their package this is true for the past 20+ years.
Even now it is still true for like 47% of market participation.

Kuuko posted...

Where are you seeing that managed funds beat index funds? Genuinely curious.... All modern research is that in the long term there are almost no active investors who can consistently beat the market. Some do beat it by chance in the same way that if you get a million people in the same room and flip a coin 10 times, some will flip heads 10 times in a row. Even Buffett, one of the only investors to beat the market long-term, advocates for index fund investing.

Again this is off-topic though. Because again, you brought up actively managed mutual funds because people told you gamestop is an obvious pump and dump. And you responded trying to say that the entire market is corrupt, as evidenced by a random article on actively managed mutual funds you googled on the spot. I don't know why you're trying to argue that actively managed funds are superior now after just trying to say they're corrupt (they're demonstrably not superior anyway). I don't think you know what you're arguing either and you're just flailing around because now you don't want to talk about the fact that this topic is about an apocalyptic twitter stock messiah you believe in. And it's kind of hard to explain the gamestop eschatology you believe in to a normal person audience.

Beat as in how many has one not how well it did.
Managed underperforms.

Your article was about how index finally, finally FINALLY just 3 months ago was above managed in adoption.
You tried to use this recent info to suggest I don't know what I am talking about.

Yet what I said was true in:
Jan 2024
All of 2023
All of 2022
All of 2021
All of 2020 and on and on

But hey, maybe for the past 3 months it wasn't? Nice

Kuuko posted...

You're being pedantic on the index fund point because you found out you're wrong. The reason you brought up mutual funds to begin with is you were trying to act like the entire market is as corrupt as your pump and dump scams are. And you don't want to admit that regular people doing regular index fund investing, the most popular form of investing, is not very corrupt.

This seems to be a common theme with meme stock and crypto nerds. There's no defensible position in regards to the space being utterly filled to the brim with scams. You can even see obvious scams plastered the replies to Gill's recent tweets. So the only defense is "asckually everything is corrupt". No. No, it's mostly just you guys that are this easily scammed. And you're scamming others, whether you know it or not, by trying to get them to join your cult too.

False.

I explain how stocks worked and I was right.

In Jan 2024 managed beat Index in how many people were doing one

In 2023 managed beat Index

In 2022 managed beat index

In 2021 managed beat index

Congrats though, yes index has now beat managed for the past 3 months.

Does that negate all these years? No

No it does not

Scardude posted...

If it reaches old heights. This is a pump and dump scheme. Which happens plenty of time from "gurus" on the market.

What other gurus and stocks can you think of?

Kuuko posted...

You googled this just now and cherrypicked an article from a decade ago on purpose hahaha. You're not up to date with this. As I said, index funds are increasingly the default option in everyone's 401k, and it will be more true as the SECURE 2.0 Act takes effect. Look at any article from THIS YEAR instead.
https://www.forbes.com/sites/chriscarosa/2024/04/02/index-funds-surge-in-popularity-but-pose-risks-for-the-market/?sh=64f750165f38
https://www.morningstar.com/funds/index-funds-have-officially-won

Well that is nice. My info was not that outdated. Your article says this literally only happened 3 months ago.

And also it just barely:

As of right now, with index funds capturing 53% of the market, you dont see any negative impact on the capital markets.

That means as of today 47% or so of the market is still using managed and subject to the manipulation I speak of.

Also your articles are worried about that number going up.

Board_hunter567 posted...

I'd like to take this moment to remind everyone that something like 70% of retirement savings are tied to the stock market.

Just something to think about.

Yep. This was a calculated move which made wallstreet very wealthy. Not much we can do about it if we want to retire.

Kuuko posted...

Most people don't invest in actively managed mutual funds.

This is false.
If you know little info on this topic that is ok to admit.

https://knowledge.wharton.upenn.edu/article/if-index-funds-perform-better-why-are-actively-managed-funds-more-popular/

But if this is so, why do a majority of investors still choose active management? Indexing, or passive management, accounts for only about 13% of assets in mutual funds holding stocks. It doesnt seem to make sense. Experts have offered a variety of explanations: Investors are duped by slick managed-fund marketing, they dont know the facts or they believe you get what you pay for that paying higher active-management fees should buy better results. Maybe they are deferential to professionals

Institutions heavily push their own funds. Most people defer to the "experts".

It is nice you did different from reading a book but most people aren't gonna read several books that negate what the expert dude they talk to recommends.

And their job and payout and promotion is all about selling these so they will recommend.

ZMythos posted...

I'd argue the old generation never left and they're going to shill hard to onboard anyone naive to the first GME pump.

Begs the question how they haven't run out of money.

Kuuko posted...

None of that is how regular stocks work. None of that is how regular people invest. Regular people look through the plan prospectus at work while selecting their 401k portfolio on a boring Fidelity or Vanguard webapp. They select between one of a few mutual funds based on which one probably has the lowest expense ratio. The funds offered are weighted to track some index, like the S&P 500 for example. There's no emotion to it. There's no manipulation, unless you think tracking the market is manipulation. Yes gamestop would be part of mutual funds, because it is in the market too.

https://www.fool.com/investing/mutual-funds/2008/07/01/what-mutual-funds-dont-tell-you.aspx

As crazy as that sounds, something very much like that happens all the time on Wall Street. Mutual fund managers may have to report share prices every day, but they don't have to show what stocks they own anywhere near as frequently. While some funds report their holdings every month, many others only reveal their investments on a quarterly basis. As you might imagine, the lack of more frequent disclosure gives investors incomplete information that's potentially subject to manipulation.
The doggie in the window
Because so many mutual funds disclose their holdings only a few times each year, fund managers can time new purchases and sales of stocks they own in a way that masks their actual impact on portfolio returns. To convince shareholders that their money is invested in stocks that have done well, fund managers can add winning stocks to portfolios near the end of the quarter, while selling shares of companies that have done poorly.
Although this practice, known as window dressing, is far from the only factor that affects share prices, its effects are often visible. This quarter, for instance, the downtrodden financial sector dropped nearly 9% in just the last six trading sessions, with companies like JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) leading the way down. Meanwhile, soaring energy stocks like ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) led the sector up over 3% in a dropping overall market.
Look past the window
Because it's so easy for fund managers to use window dressing tactics to fill their portfolios with attractive-looking stocks after they've already gone up, investors have to work harder and look beneath the surface of quarterly reports.

Fyi my info on how stocks work comes from people in the industry.
There is manipulation going on but most people don't care as long as they get some kind of return. There is a reason they become wealthy while you get a small breadcrumb after decades.

Also fyi the motley fool is super anti-GME

Zero_Destroyer posted...

Dan Olsen vid on this was great, its weird to see things become cults in real time.

GME was in the dumpers. You believe people were culting when it was a $10 stock?
Meanwhile anyone can buy a $10 stock and sell at $30 and make a little money.

But that seems to upset some people?

Kuuko posted...

But to your point, please elaborate more about how the millions of Americans investing in basic S&P 500 or Russell 2000 index funds in their 401ks, are being pumped and dumped like Gamestop is.

These are longterm promises greater than three years or you would claim it was a pump and dump back when the whole market was red.
GME is barely at 3 years yet it is a pump and dump?

Something seems off in your logic. Also retirement accounts have bought GME too.

In any caze retirement tied to stocks only serves to make Wallstreet richer. Ever thought about why that is?

UnholyMudcrab posted...

That is, as a matter of fact, not how stocks work. That's how securities fraud works, and that accredited financial adviser isn't going to have his accreditation or his job for much longer.

That is how it is supposed to be but not how it actually works. No one is going to court for advising you to buy TESLA.
Jim Kramer is infact not in jail.

Furthermore Citadel says everyone short GME it sucks then citadel makes money when it goes down.
Did they get busted for security fraud? Nope.
It has been 3 years.

Stock market is corrupt but people only whine when the average joe is beating the big sharks.

Kuuko posted...

Is that how your stocks work? You must be doing something really wrong if you keep getting scammed and think it's happening to everyone else too. Read a Bogle book and chill and make easy returns. Scams like the ones you mention are exactly what the FTC cracks down on, which is why Gill and the Robinhood CEO were pulled in front of Congress to begin with.

That is literally how stocks work.
The way to not get hosed is you buy into a portfolio with diverse stocks because...some drop as others go up.

But what you as a layman don't know is the company offering you that portfolio has interest in selling certain stocks to you. They profit. This is legal.

Kuuko posted...

Their idiocy would pay off at the expense of the other idiots they sell it to. It is the literal definition of a pump and dump. Keith Gill himself made millions dumping on easily susceptible redditors who don't understand basic stock market principles, and they still worship him for dumping on them.

You realize this is how stocks work right?

Your accredited financial advsior tells you to buy TESLA because it is a "safe" stock.
He sells his shares and his company does after you buy and it drops.

People only upset about GME because they aren't the "house" so they not allowed to win.

Makeveli_lives posted...

Up 100 percent now from yesterday

Wasn't it $10?

$35 is more like 350%

Edit: now down to $30

UnholyMudcrab posted...

I can't believe these GME idiots are still doing this shit

Seems their idiocy will pay off if they bought alot at $25 and under

HOLY MOLY

it is hitting $40 already

Edit: just as I post went from $37 to 35

Market is open. Not dropping. DFV this powerful?

ToteAll posted...

Why do people from the US try to attribute issues almost exclusive to the US to being "first world"?

Imperial mindset that the USA is better than all other countries and only like UK stands next to it.

DodogamaRayBrst posted...

But if Amy Adams is in it it's high art, right?

Yes

CARRRNE_ASADA posted...

Literally has its own movie. Also the institutional investors are probably more savvy this time around compared to the YOLO retail investors.

"Probably"
No people lose money everyday off their advice. But you don't have an issue with it. Or do you? Let me know.
So why is GME an issue?
Not like these GME people claim to be experts and you follow their advice and still get hosed (which financial experts do claim this and still hose you)

The fact of the matter is you play the stock market you are likely to get hosed.

Yet it is only a problem if you get hosed by GME?
That is strange.

Anyways looks like it running up to $25 this morning.

CARRRNE_ASADA posted...

At this point...it might not be a bad thing to halt trading. Sure its shady, maybe illegal..etc, BUT! Many many people got burned the last time. For every succesful story theres another one where people lost their savings and even loans they took out just to participate. Theyre practically gambling.

This is different than other stock how?

Remember that enzc stock?

Are people are upset people who been degening at GME for long time about to make absolute bank?

And for some reason a giant "financial institution" can tell people to lose money on their pet stock and no one gets outraged but a bunch of redditors just buying a stock provokes this reaction.

I thought you meant in game lorewise a pokemom that sells like those eevee suits to those trainers and stuff.

Wow didn't know it hit $10. If it goes to $40 today gonna regret not buying.

LightningThief posted...

I personally wouldn't shower with my children and don't recommend it either. That said, this is actually quite normal in some cultures/families for parent and child to shower together and think nothing of it until a certain age.

So you would have to be more specific if these showers were just showers, or something more. What were they doing, how old, etc.

Remember that 90 day fiance and the dude had to shower with the father? This was two grown men but apparently it was cultural.

Yet Trump is still not in jail...

Trump will deport all muslims labeling them anti-semites. This is just a glimpse into what is to come if Trump wins. Remember he literally had a muslim ban in 2017.

Kradek posted...

You're upset that the program/plan even exists, no doubt in the same way as the people MICHAELCOLE is talking about.

Those people aren't necessarily mad that people are using it, they're mad that it exists at all.

I am not. I think Biden could actually solve the issue if he wanted.

Here we go again...

GME = gamestop

RH = Robinhood

RoaringKitty = DFV = DeepFuckingValue

https://www.independent.co.uk/arts-entertainment/music/news/drake-kendrick-lamar-toronto-home-mansion-b2543694.html

Drake has issued a plea to the media in the wake of what has been a controversial fortnight for the rapper.

On Tuesday (7 May), a security guard was shot in the chest, with officers finding him unconscious when they arrived at the scene.

The guard is believed to have been standing outside the gates in front of the property when he was shot at around 2am. He was later transported to a local hospital with serious injuries.
One suspect fled the scene in a vehicle, police said. Officials could not confirm whether Drake was home at the time of the shooting, but said that the rappers team is cooperating with the investigation.
Days later, an intruder tried to break into Drakes mansion, with another spotted outside the residence hours later. The second intruder had an altercation with security guards and was taken to hospital with injuries that were serious, but not life-threatening.
On Saturday (11 May), Toronto Police Service told TMZ a third intruder was escorted off the rappers property.
Drake has now referenced the frenzied interest in his residence on Instagram via a post addressed to Canadian news organisation CP24.

He wrote: Can we discuss the chopper flight times over the house 'cause I won't lie, I'm trying to sleep. Anytime after 3pm works great for me.

They should go out of business.

Kradek posted...

I think you can understand as someone who created this thread to talk s*** about a first time buyer program. There will always be people s***ting on ideas meant to help people when they don't personally approve of the method.

No. I wouldn't be mad people used this program.

SCOTUS: "But can the president commit crimes? hmm we have to think about that"