Board 8 > Stock Topic 30

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StartTheMachine 06/09/21 1:53:16 AM #251:	red sox 777 posted... Shorting a 2.4 million microcap stock seems suicidal.....any even moderately wealthy person could corner this stock without trying to. This is what I don't get dude. But first I should mention that market cap is way off. It's 48,589,352.7 doing the math of the closing price today. If you're going by a broker like TD, they almost always have wrong market caps for OTC stocks. OTCmarkets.com has the up to date figures. https://www.otcmarkets.com/stock/GVSI/security Yep, almost exactly my calculation. Still, it's pretty crazy to short that much of a stock with this potential. The new custodian of this stock is the same guy that ran TSNP from the double zeros to $1.92 by reverse merging HMBL into the dead ticker, TSNP. So it just makes no sense why anyone would bet against someone who did that, let alone 60% of the shares. My only theory is that big money just shorts practically every penny stock in existence, because 98% of the time they make bank. And retail hardly has the ability to short pennies unless you go to a really obscure broker that still requires 4x leverage. So in the vast majority of cases, it works out for them. Makes sense. History is obviously not guaranteed to repeat itself, but George Sharp has proven himself someone interested in cleaning up the OTC markets that are otherwise so rife with pump and dumps and complete scams. He worked for almost a decade as a scam investigator on the OTC and now he's an active investor in making deals. I'm essentially betting on him with this one. --- - Blur - Welcome to your Divinity. <cite>StartTheMachine posted [p:954800758] in Stock Topi... [t:79483078]...</cite> <quote>red sox 777 posted... </cite> <quote>Shorting a 2.4 million microcap stock seems suicidal.....any even moderately wealthy person could corner this stock without trying to.</quote> This is what I don't get dude. But first I should mention that market cap is way off. It's 48,589,352.7 doing the math of the closing price today. If you're going by a broker like TD, they almost always have wrong market caps for OTC stocks. OTCmarkets.com has the up to date figures. https://www.otcmarkets.com/stock/GVSI/security Yep, almost exactly my calculation. Still, it's pretty crazy to short that much of a stock with this potential. The new custodian of this stock is the same guy that ran TSNP from the double zeros to $1.92 by reverse merging HMBL into the dead ticker, TSNP. So it just makes no sense why anyone would bet against someone who did that, let alone 60% of the shares. My only theory is that big money just shorts practically every penny stock in existence, because 98% of the time they make bank. And retail hardly has the ability to short pennies unless you go to a really obscure broker that still requires 4x leverage. So in the vast majority of cases, it works out for them. Makes sense. History is obviously not guaranteed to repeat itself, but George Sharp has proven himself someone interested in cleaning up the OTC markets that are otherwise so rife with pump and dumps and complete scams. He worked for almost a decade as a scam investigator on the OTC and now he's an active investor in making deals. I'm essentially betting on him with this one. </quote> ... Copied to Clipboard!
red sox 777 06/09/21 2:21:15 AM #252:	StartTheMachine posted... This is what I don't get dude. But first I should mention that market cap is way off. It's 48,589,352.7 doing the math of the closing price today. If you're going by a broker like TD, they almost always have wrong market caps for OTC stocks. OTCmarkets.com has the up to date figures. https://www.otcmarkets.com/stock/GVSI/security Yep, almost exactly my calculation. Still, it's pretty crazy to short that much of a stock with this potential. The new custodian of this stock is the same guy that ran TSNP from the double zeros to $1.92 by reverse merging HMBL into the dead ticker, TSNP. So it just makes no sense why anyone would bet against someone who did that, let alone 60% of the shares. My only theory is that big money just shorts practically every penny stock in existence, because 98% of the time they make bank. And retail hardly has the ability to short pennies unless you go to a really obscure broker that still requires 4x leverage. So in the vast majority of cases, it works out for them. Makes sense. History is obviously not guaranteed to repeat itself, but George Sharp has proven himself someone interested in cleaning up the OTC markets that are otherwise so rife with pump and dumps and complete scams. He worked for almost a decade as a scam investigator on the OTC and now he's an active investor in making deals. I'm essentially betting on him with this one. That actually makes sense. You'd think these people would be smarter than that, but then again, some of these same people apparently didn't see the huge red flags with 140% of GME shares being shorted. I don't have your courage to make these big investments into penny stocks though (or maybe, I just haven't done the research necessary to create the necessary confidence). So what is the appeal of merging a company into a dead ticker? Isn't it giving a windfall to the shareholders of the dead ticker? --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:954801198] in Stock Topi... [t:79483078]...</cite> <quote>StartTheMachine posted... </cite> <quote>This is what I don't get dude. But first I should mention that market cap is way off. It's 48,589,352.7 doing the math of the closing price today. If you're going by a broker like TD, they almost always have wrong market caps for OTC stocks. OTCmarkets.com has the up to date figures. https://www.otcmarkets.com/stock/GVSI/security Yep, almost exactly my calculation. Still, it's pretty crazy to short that much of a stock with this potential. The new custodian of this stock is the same guy that ran TSNP from the double zeros to $1.92 by reverse merging HMBL into the dead ticker, TSNP. So it just makes no sense why anyone would bet against someone who did that, let alone 60% of the shares. My only theory is that big money just shorts practically every penny stock in existence, because 98% of the time they make bank. And retail hardly has the ability to short pennies unless you go to a really obscure broker that still requires 4x leverage. So in the vast majority of cases, it works out for them. Makes sense. History is obviously not guaranteed to repeat itself, but George Sharp has proven himself someone interested in cleaning up the OTC markets that are otherwise so rife with pump and dumps and complete scams. He worked for almost a decade as a scam investigator on the OTC and now he's an active investor in making deals. I'm essentially betting on him with this one.</quote> That actually makes sense. You'd think these people would be smarter than that, but then again, some of these same people apparently didn't see the huge red flags with 140% of GME shares being shorted. I don't have your courage to make these big investments into penny stocks though (or maybe, I just haven't done the research necessary to create the necessary confidence). So what is the appeal of merging a company into a dead ticker? Isn't it giving a windfall to the shareholders of the dead ticker? </quote> ... Copied to Clipboard!
StartTheMachine 06/09/21 3:33:50 AM #253:	`red sox 777 posted...` So what is the appeal of merging a company into a dead ticker? Isn't it giving a windfall to the shareholders of the dead ticker? This is the question I was most interested in with these custodianships, but it's a pretty simple one: the new custodian gets rich too. Really, the new custodian gets the richest of anyone with these deals. A new custodian is required to buy a large percentage of shares to attain custodianship of a ticker in the first place, so obviously if they can bring a good company into it, they can multiply their money an insane amount. It's a pretty similar concept to SPACs really. And TSNP may have made George Sharp something like a hundred million dollars plus (mostly from the Humbl warrants he owns now through his own company Forwardly though, not directly through shares though those also made him absolute bank). And based on all I could find, Sharp was worth 1 to 5 million before that. Custodians also have to clean up debts and deal with whatever the previous management left behind though, and on the OTC, those are usually messy. It's not really a simple cut and dry process. Sharp seems to be one of the pioneers in doing it and has popularized it all of the sudden. We'll see how many others can actually bring worthwhile companies into this space. As for old shareholders, this is another thing I'm really curious about and don't fully understand. It seems like most custodianships are granted to scam companies that most old shares were sold off in and share prices were ultimately driven down to almost complete zero, so very few shares are really owned anymore. But if you're a shareholder who had been holding on to the scam ticker for years or an old member of the board that has leftover shares you never dumped, and someone came along and got custodianship of it, yeah, you could end up very rich all of the sudden. --- - Blur - Welcome to your Divinity. <cite>StartTheMachine posted [p:954802175] in Stock Topi... [t:79483078]...</cite> <quote> red sox 777 posted... <quote>So what is the appeal of merging a company into a dead ticker? Isn't it giving a windfall to the shareholders of the dead ticker?</quote> This is the question I was most interested in with these custodianships, but it's a pretty simple one: the new custodian gets rich too. Really, the new custodian gets the richest of anyone with these deals. A new custodian is required to buy a large percentage of shares to attain custodianship of a ticker in the first place, so obviously if they can bring a good company into it, they can multiply their money an insane amount. It's a pretty similar concept to SPACs really. And TSNP may have made George Sharp something like a hundred million dollars plus (mostly from the Humbl warrants he owns now through his own company Forwardly though, not directly through shares though those also made him absolute bank). And based on all I could find, Sharp was worth 1 to 5 million before that. Custodians also have to clean up debts and deal with whatever the previous management left behind though, and on the OTC, those are usually messy. It's not really a simple cut and dry process. Sharp seems to be one of the pioneers in doing it and has popularized it all of the sudden. We'll see how many others can actually bring worthwhile companies into this space. As for old shareholders, this is another thing I'm really curious about and don't fully understand. It seems like most custodianships are granted to scam companies that most old shares were sold off in and share prices were ultimately driven down to almost complete zero, so very few shares are really owned anymore. But if you're a shareholder who had been holding on to the scam ticker for years or an old member of the board that has leftover shares you never dumped, and someone came along and got custodianship of it, yeah, you could end up very rich all of the sudden. </quote> ... Copied to Clipboard!
ExThaNemesis 06/09/21 3:41:45 AM #254:	Bitcoin officially voted as legal tender in El Salvador today. Probably won't mean much. Or it could be the start of something!! --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954802267] in Stock Topi... [t:79483078]...</cite> <quote>Bitcoin officially voted as legal tender in El Salvador today. Probably won't mean much. Or it could be the start of something!! </quote> ... Copied to Clipboard!
Sunroof 06/09/21 9:05:28 AM #255:	Must identify next meme stock. <cite>Sunroof posted [p:954806280] in Stock Topi... [t:79483078]...</cite> <quote>Must identify next meme stock. </quote> ... Copied to Clipboard!
StartTheMachine 06/09/21 12:22:14 PM #256:	GVSI runnin' today Drop us a bomb George. The universe is clearly correcting the injustice that was me missing out on the squeeze plays this time around! ~~Long way to go back to .06 still. But hey, could happen fast with the right news~~ --- - Blur - Welcome to your Divinity. <cite>StartTheMachine posted [p:954811712] in Stock Topi... [t:79483078]...</cite> <quote>GVSI runnin' today Drop us a bomb George. The universe is clearly correcting the injustice that was me missing out on the squeeze plays this time around! Long way to go back to .06 still. But hey, could happen fast with the right news </quote> ... Copied to Clipboard!
CoolCly 06/09/21 12:59:31 PM #257:	Last time NET made it to $87, i considered selling but didn't and it plummeted to $66. It made it back to $89 now and I sold So lets see how hindsight treats me - will it plummet again and vindicate me or will it keep running and I'll feel like a sucker? --- The batman villians all seem to be one big joke that batman refuses to laugh at - SantaRPG <cite>CoolCly posted [p:954813029] in Stock Topi... [t:79483078]...</cite> <quote>Last time NET made it to $87, i considered selling but didn't and it plummeted to $66. It made it back to $89 now and I sold So lets see how hindsight treats me - will it plummet again and vindicate me or will it keep running and I'll feel like a sucker? </quote> ... Copied to Clipboard!
Sunroof 06/09/21 1:10:56 PM #258:	NET appears to be climbing. Rooting for GVSI for you guys. <cite>Sunroof posted [p:954813420] in Stock Topi... [t:79483078]...</cite> <quote>NET appears to be climbing. Rooting for GVSI for you guys. </quote> ... Copied to Clipboard!
Sunroof 06/09/21 1:11:31 PM #259:	Im still sitting out. I cant decide what to get into. Might sell a put for $1k premium just to get something as I wait for the market to dip. <cite>Sunroof posted [p:954813437] in Stock Topi... [t:79483078]...</cite> <quote>Im still sitting out. I cant decide what to get into. Might sell a put for $1k premium just to get something as I wait for the market to dip. </quote> ... Copied to Clipboard!
Metal_DK 06/09/21 3:29:15 PM #260:	StartTheMachine posted... @Metal_DK How do you feel about GVSI right now? My dumbass was smart enough to take 30 grand of profits in the .03s and .04s when I sold more than half, but impatient enough to boy back way too early. I am literally down over 70k of profits from the peak. That's a lot of fucking money. still in it. It does suck that its down a bit, but its the summer time and I think the fall will be better --- Casual Revolution 2007 - 2016 <cite>Metal_DK posted [p:954818067] in Stock Topi... [t:79483078]...</cite> <quote>StartTheMachine posted... </cite> <quote>@Metal_DK How do you feel about GVSI right now? My dumbass was smart enough to take 30 grand of profits in the .03s and .04s when I sold more than half, but impatient enough to boy back way too early. I am literally down over 70k of profits from the peak. That's a lot of fucking money.</quote> still in it. It does suck that its down a bit, but its the summer time and I think the fall will be better </quote> ... Copied to Clipboard!
Menji 06/09/21 4:45:43 PM #261:	Looks like GME had a lot of good news come out today. Down AH though. --- Menji+ https://imgur.com/F5UEyUw \| https://imgur.com/pPZsSZU Congrats to azuarc! [ https://myanimelist.net/profile/Menjii ] <cite>Menji posted [p:954820700] in Stock Topi... [t:79483078]...</cite> <quote>Looks like GME had a lot of good news come out today. Down AH though. </quote> ... Copied to Clipboard!
red sox 777 06/09/21 5:06:44 PM #262:	Meme stocks got crushed today. Sucks for anyone who bought in this morning. GME isn't really behaving like a meme stock anymore though. That said, I knew I should have sold before the earnings release and bought back in tomorrow. It's dropped on earnings every single time since I've started following it. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:954821395] in Stock Topi... [t:79483078]...</cite> <quote>Meme stocks got crushed today. Sucks for anyone who bought in this morning. GME isn't really behaving like a meme stock anymore though. That said, I knew I should have sold before the earnings release and bought back in tomorrow. It's dropped on earnings every single time since I've started following it. </quote> ... Copied to Clipboard!
Sunroof 06/09/21 5:08:55 PM #263:	I dont have the balls to buy GME in the AM. <cite>Sunroof posted [p:954821472] in Stock Topi... [t:79483078]...</cite> <quote>I dont have the balls to buy GME in the AM. </quote> ... Copied to Clipboard!
red sox 777 06/09/21 5:10:59 PM #264:	Sunroof posted... I dont have the balls to buy GME in the AM. If you weren't buying it between $120 and $180, probably not the best idea to buy it at $300. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:954821532] in Stock Topi... [t:79483078]...</cite> <quote>Sunroof posted... </cite> <quote>I dont have the balls to buy GME in the AM.</quote> If you weren't buying it between $120 and $180, probably not the best idea to buy it at $300. </quote> ... Copied to Clipboard!
ExThaNemesis 06/09/21 5:28:47 PM #265:	Looks like the WSB $CLF play has some real steam behind it if any of you are interested. I threw in for 30 shares. Let's see what happens. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954822087] in Stock Topi... [t:79483078]...</cite> <quote>Looks like the WSB $CLF play has some real steam behind it if any of you are interested. I threw in for 30 shares. Let's see what happens. </quote> ... Copied to Clipboard!
ExThaNemesis 06/09/21 10:45:34 PM #266:	That's a lot of Bitcoin FUD coming from people in political spheres this week. Trump calling it a scam, Elizabeth Warren calling it an environmental disaster and a (ROFLMFAO) bad investment. Wondering what gives here. Is it part of a push to try and regulate it or what? It's clearly more whargarbl from out of touch idiots that have no clue what they're talking about but usually they have a purpose which I'm wary of. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954831374] in Stock Topi... [t:79483078]...</cite> <quote>That's a lot of Bitcoin FUD coming from people in political spheres this week. Trump calling it a scam, Elizabeth Warren calling it an environmental disaster and a (ROFLMFAO) bad investment. Wondering what gives here. Is it part of a push to try and regulate it or what? It's clearly more whargarbl from out of touch idiots that have no clue what they're talking about but usually they have a purpose which I'm wary of. </quote> ... Copied to Clipboard!
Zachnorn 06/09/21 11:07:12 PM #267:	Bitcoin is up 13% I was going to buy the dip yesterday but decided not to. Wish I did. Oh well. --- <D <cite>Zachnorn posted [p:954831940] in Stock Topi... [t:79483078]...</cite> <quote>Bitcoin is up 13% I was going to buy the dip yesterday but decided not to. Wish I did. Oh well. </quote> ... Copied to Clipboard!
ExThaNemesis 06/09/21 11:30:06 PM #268:	Zachnorn posted... Bitcoin is up 13% I was going to buy the dip yesterday but decided not to. Wish I did. Oh well. I bought some more the second I read the El Salvador thing. Swish. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954832579] in Stock Topi... [t:79483078]...</cite> <quote>Zachnorn posted... </cite> <quote>Bitcoin is up 13% I was going to buy the dip yesterday but decided not to. Wish I did. Oh well.</quote> I bought some more the second I read the El Salvador thing. Swish. </quote> ... Copied to Clipboard!
ChainLTTP 06/10/21 11:30:06 AM #269:	ExThaNemesis posted... That's a lot of Bitcoin FUD coming from people in political spheres this week. Trump calling it a scam, Elizabeth Warren calling it an environmental disaster and a (ROFLMFAO) bad investment. Wondering what gives here. Is it part of a push to try and regulate it or what? It's clearly more whargarbl from out of touch idiots that have no clue what they're talking about but usually they have a purpose which I'm wary of. Trump was just being Trump and hating on things that he doesn't care to understand. The Warren comments were more nefarious, as I truly do think there will be an active push by the Left to ban Bitcoin mining using global warming as an excuse (even though 75% of mining is done using green energy). The last thing the Left wants are regular Americans getting rich by seeing the virtues of free market capitalism. <cite>ChainLTTP posted [p:954845261] in Stock Topi... [t:79483078]...</cite> <quote>ExThaNemesis posted... </cite> <quote>That's a lot of Bitcoin FUD coming from people in political spheres this week. Trump calling it a scam, Elizabeth Warren calling it an environmental disaster and a (ROFLMFAO) bad investment. Wondering what gives here. Is it part of a push to try and regulate it or what? It's clearly more whargarbl from out of touch idiots that have no clue what they're talking about but usually they have a purpose which I'm wary of.</quote>Trump was just being Trump and hating on things that he doesn't care to understand. The Warren comments were more nefarious, as I truly do think there will be an active push by the Left to ban Bitcoin mining using global warming as an excuse (even though 75% of mining is done using green energy). The last thing the Left wants are regular Americans getting rich by seeing the virtues of free market capitalism. </quote> ... Copied to Clipboard!
ExThaNemesis 06/10/21 11:42:45 AM #270:	The Bitcoin environmental claims have all been completely blown the fuck up by now so anyone parroting them is either ignorant or, like you said, evil. Warren got a TON of backlash for her comments on Twitter. Even from some lefties, so we'll see if that's a route they want to go down. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954845646] in Stock Topi... [t:79483078]...</cite> <quote>The Bitcoin environmental claims have all been completely blown the fuck up by now so anyone parroting them is either ignorant or, like you said, evil. Warren got a TON of backlash for her comments on Twitter. Even from some lefties, so we'll see if that's a route they want to go down. </quote> ... Copied to Clipboard!
masterplum 06/10/21 11:45:14 AM #271:	ExThaNemesis posted... The Bitcoin environmental claims have all been completely blown the fuck up by now so anyone parroting them is either ignorant or, like you said, evil. Warren got a TON of backlash for her comments on Twitter. Even from some lefties, so we'll see if that's a route they want to go down. lol --- https://pbs.twimg.com/media/BdWiElvIQAAQpBt.jpg <cite>masterplum posted [p:954845712] in Stock Topi... [t:79483078]...</cite> <quote>ExThaNemesis posted... </cite> <quote>The Bitcoin environmental claims have all been completely blown the fuck up by now so anyone parroting them is either ignorant or, like you said, evil. Warren got a TON of backlash for her comments on Twitter. Even from some lefties, so we'll see if that's a route they want to go down.</quote> lol </quote> ... Copied to Clipboard!
Sunroof 06/10/21 11:46:43 AM #272:	You know how a lot of the ransom hacks demand payment in Bitcoin? Well the government is considering making it illegal to pay them. Not sure that will affect Bitcoin prices but yeah, just throwing it out there. <cite>Sunroof posted [p:954845752] in Stock Topi... [t:79483078]...</cite> <quote>You know how a lot of the ransom hacks demand payment in Bitcoin? Well the government is considering making it illegal to pay them. Not sure that will affect Bitcoin prices but yeah, just throwing it out there. </quote> ... Copied to Clipboard!
Sunroof 06/10/21 11:50:25 AM #273:	Zillow is getting crushed today. No idea why. Such a tasty price <cite>Sunroof posted [p:954845844] in Stock Topi... [t:79483078]...</cite> <quote>Zillow is getting crushed today. No idea why. Such a tasty price </quote> ... Copied to Clipboard!
ExThaNemesis 06/10/21 11:52:29 AM #274:	Sunroof posted... You know how a lot of the ransom hacks demand payment in Bitcoin? Well the government is considering making it illegal to pay them. Not sure that will affect Bitcoin prices but yeah, just throwing it out there. Yeah this bit is hysterical. I wonder what the historic percentage of cash ransom payments vs BTC ransom payments is. BAN FIAT --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954845907] in Stock Topi... [t:79483078]...</cite> <quote>Sunroof posted... </cite> <quote>You know how a lot of the ransom hacks demand payment in Bitcoin? Well the government is considering making it illegal to pay them. Not sure that will affect Bitcoin prices but yeah, just throwing it out there.</quote> Yeah this bit is hysterical. I wonder what the historic percentage of cash ransom payments vs BTC ransom payments is. BAN FIAT </quote> ... Copied to Clipboard!
Peace___Frog 06/10/21 12:25:52 PM #275:	ExThaNemesis posted... The Bitcoin environmental claims have all been completely blown the fuck up by now so anyone parroting them is either ignorant or, like you said, evil. your absolutism is hilarious --- ~Peaf~ <cite>Peace___Frog posted [p:954847036] in Stock Topi... [t:79483078]...</cite> <quote>ExThaNemesis posted... </cite> <quote>The Bitcoin environmental claims have all been completely blown the fuck up by now so anyone parroting them is either ignorant or, like you said, evil.</quote>your absolutism is hilarious </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 12:56:08 PM #276:	Sunroof posted... Zillow is getting crushed today. No idea why. Such a tasty price I'm still trying to do real estate and there are concerns about a few things with real estate. Prices are too high and people are getting priced out of the market. There is talk of a crash, because average Americans can't afford to buy houses unless they already own a house. The above-average Americans that are landlords, aspiring landlords, as well as corporations, real estate funds, pension funds, etc., are able to buy homes even at these prices. They buy them to rent them out. Zillow is for regular people. It's not really meant for investors, except maybe some small investors that own a few rental properties. But more and more, they're getting priced out too by institutions buying homes and are giving up. I imagine this is part of why people are feeling bearish on Zillow. --- <D <cite>Zachnorn posted [p:954848068] in Stock Topi... [t:79483078]...</cite> <quote>Sunroof posted... </cite> <quote>Zillow is getting crushed today. No idea why. Such a tasty price</quote>I'm still trying to do real estate and there are concerns about a few things with real estate. Prices are too high and people are getting priced out of the market. There is talk of a crash, because average Americans can't afford to buy houses unless they already own a house. The above-average Americans that are landlords, aspiring landlords, as well as corporations, real estate funds, pension funds, etc., are able to buy homes even at these prices. They buy them to rent them out. Zillow is for regular people. It's not really meant for investors, except maybe some small investors that own a few rental properties. But more and more, they're getting priced out too by institutions buying homes and are giving up. I imagine this is part of why people are feeling bearish on Zillow. </quote> ... Copied to Clipboard!
Sunroof 06/10/21 1:07:16 PM #277:	Thats a good point and makes a lot of sense. Ill admit I do most of my investing based on charts and trends, but its good to complement that with knowledge. <cite>Sunroof posted [p:954848446] in Stock Topi... [t:79483078]...</cite> <quote>Thats a good point and makes a lot of sense. Ill admit I do most of my investing based on charts and trends, but its good to complement that with knowledge. </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 1:14:14 PM #278:	It's all speculation for me, of course. I am trying to buy a home and I'm using Zillow less because I'm giving up and probably just going to live at home for a while longer. But that's my speculation. To illustrate on how crazy the market is in some areas... I had an 800 credit score, 40k cash, and 55k job. Couldn't get a condo. My assets have grown, I have 50k cash now and 100k in total assets. I can barely get a condo now. Theoretically. In reality, I made an offer of 10k above asking on a $315k condo and got beat by an all-cash offer that was 10k above mine. It's frustrating. --- <D <cite>Zachnorn posted [p:954848664] in Stock Topi... [t:79483078]...</cite> <quote>It's all speculation for me, of course. I am trying to buy a home and I'm using Zillow less because I'm giving up and probably just going to live at home for a while longer. But that's my speculation. To illustrate on how crazy the market is in some areas... I had an 800 credit score, 40k cash, and 55k job. Couldn't get a condo. My assets have grown, I have 50k cash now and 100k in total assets. I can barely get a condo now. Theoretically. In reality, I made an offer of 10k above asking on a $315k condo and got beat by an all-cash offer that was 10k above mine. It's frustrating. </quote> ... Copied to Clipboard!
masterplum 06/10/21 1:17:38 PM #279:	Thats why I am always so confused by the stream of please let me buy your house junk mail I get. Where the hell would I live if I sold you my house --- https://pbs.twimg.com/media/BdWiElvIQAAQpBt.jpg <cite>masterplum posted [p:954848765] in Stock Topi... [t:79483078]...</cite> <quote>Thats why I am always so confused by the stream of please let me buy your house junk mail I get. Where the hell would I live if I sold you my house </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 1:19:58 PM #280:	My real estate agent offered to send a bunch of those to homeowners for me in the same complex. I felt it would be a waste of time so I said no. I'm getting those letters too but for my car. I looked it up and my car APPRECIATED by $2,000 or over 20% since 2019 when it was almost totaled. Insane. But again, I wouldn't have a car if I sold it. It's not too bad while I'm working from home, but I still need a car in LA. --- <D <cite>Zachnorn posted [p:954848845] in Stock Topi... [t:79483078]...</cite> <quote>My real estate agent offered to send a bunch of those to homeowners for me in the same complex. I felt it would be a waste of time so I said no. I'm getting those letters too but for my car. I looked it up and my car APPRECIATED by $2,000 or over 20% since 2019 when it was almost totaled. Insane. But again, I wouldn't have a car if I sold it. It's not too bad while I'm working from home, but I still need a car in LA. </quote> ... Copied to Clipboard!
Forceful_Dragon 06/10/21 1:32:16 PM #281:	I think eviction moratoriums ending are going to have a dramatic effect on the housing market. If I was a wealthy person who had a house and an extra rental house to spare I think I would probably sell my rental house right now and buy a new one in 3-6 months. I'm guessing some states will extend the moratoriums even further and others will not and it's going to be a bit of a mess all around. --- ~C~ FD https://imgur.com/dGDfxaw <cite>Forceful_Dragon posted [p:954849225] in Stock Topi... [t:79483078]...</cite> <quote>I think eviction moratoriums ending are going to have a dramatic effect on the housing market. If I was a wealthy person who had a house and an extra rental house to spare I think I would probably sell my rental house right now and buy a new one in 3-6 months. I'm guessing some states will extend the moratoriums even further and others will not and it's going to be a bit of a mess all around. </quote> ... Copied to Clipboard!
Sunroof 06/10/21 1:35:47 PM #282:	Well I put $150k into Z ($108.91) and also ABNB ($145.03). They are just down too much. I then sold calls on both expiring tomorrow for $1,100 premium total. They will either both strike tomorrow (only needs 1% gain to strike) or Ill hold through next week, possibly selling another call. <cite>Sunroof posted [p:954849345] in Stock Topi... [t:79483078]...</cite> <quote>Well I put $150k into Z ($108.91) and also ABNB ($145.03). They are just down too much. I then sold calls on both expiring tomorrow for $1,100 premium total. They will either both strike tomorrow (only needs 1% gain to strike) or Ill hold through next week, possibly selling another call. </quote> ... Copied to Clipboard!
red sox 777 06/10/21 1:38:47 PM #283:	masterplum posted... Thats why I am always so confused by the stream of please let me buy your house junk mail I get. Where the hell would I live if I sold you my house You'd buy another one, of course. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:954849455] in Stock Topi... [t:79483078]...</cite> <quote>masterplum posted... </cite> <quote>Thats why I am always so confused by the stream of please let me buy your house junk mail I get. Where the hell would I live if I sold you my house</quote> You'd buy another one, of course. </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 1:52:31 PM #284:	red sox 777 posted... You'd buy another one, of course. Not necessarily! I've heard of people selling homes and renting for a while because they believe the market is going to crash. The idea being, of course, that they'd buy the house again when it's cheap. --- <D <cite>Zachnorn posted [p:954849869] in Stock Topi... [t:79483078]...</cite> <quote>red sox 777 posted... </cite> <quote>You'd buy another one, of course.</quote>Not necessarily! I've heard of people selling homes and renting for a while because they believe the market is going to crash. The idea being, of course, that they'd buy the house again when it's cheap. </quote> ... Copied to Clipboard!
red sox 777 06/10/21 1:55:09 PM #285:	So I checked Zillow thinking it must be down a lot based on the posts here and found that it's down....2% today. I guess it is down like 40%+ from its February peak. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:954849973] in Stock Topi... [t:79483078]...</cite> <quote>So I checked Zillow thinking it must be down a lot based on the posts here and found that it's down....2% today. I guess it is down like 40%+ from its February peak. </quote> ... Copied to Clipboard!
greengravy294 06/10/21 2:24:22 PM #286:	The housing market is in all likelihood a bubble. I've been looking to buy real estate but Jesus it's just insanity. --- https://imgur.com/a/LEqiW https://imgur.com/iXHxhET <cite>greengravy294 posted [p:954850937] in Stock Topi... [t:79483078]...</cite> <quote>The housing market is in all likelihood a bubble. I've been looking to buy real estate but Jesus it's just insanity. </quote> ... Copied to Clipboard!
greengravy294 06/10/21 2:28:05 PM #287:	Apple is bound to break out so I'm buying further in there. Shrug. Don't know anything about real estate stocks. They should be good for the short term but the bubble will pop at some point so don't get caught holding the bags --- https://imgur.com/a/LEqiW https://imgur.com/iXHxhET <cite>greengravy294 posted [p:954851084] in Stock Topi... [t:79483078]...</cite> <quote>Apple is bound to break out so I'm buying further in there. Shrug. Don't know anything about real estate stocks. They should be good for the short term but the bubble will pop at some point so don't get caught holding the bags </quote> ... Copied to Clipboard!
masterplum 06/10/21 2:28:14 PM #288:	Forceful_Dragon posted... I think eviction moratoriums ending are going to have a dramatic effect on the housing market. If I was a wealthy person who had a house and an extra rental house to spare I think I would probably sell my rental house right now and buy a new one in 3-6 months. I'm guessing some states will extend the moratoriums even further and others will not and it's going to be a bit of a mess all around. As someone who has two rental houses. there is still no way its worth it after taxes and fees. Not to mention the hassle of trying to get new tenants that arent awful --- https://pbs.twimg.com/media/BdWiElvIQAAQpBt.jpg <cite>masterplum posted [p:954851088] in Stock Topi... [t:79483078]...</cite> <quote>Forceful_Dragon posted... </cite> <quote>I think eviction moratoriums ending are going to have a dramatic effect on the housing market. If I was a wealthy person who had a house and an extra rental house to spare I think I would probably sell my rental house right now and buy a new one in 3-6 months. I'm guessing some states will extend the moratoriums even further and others will not and it's going to be a bit of a mess all around.</quote> As someone who has two rental houses. there is still no way its worth it after taxes and fees. Not to mention the hassle of trying to get new tenants that arent awful </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 2:47:39 PM #289:	greengravy294 posted... The housing market is in all likelihood a bubble. I've been looking to buy real estate but Jesus it's just insanity. Wages aren't keeping up with the costs of housing. The prices have to either stop rising or slow down significantly. It's possible that we could just see more of what is happening in LA with homelessness, but that's not a situation that can continue for too long. --- <D <cite>Zachnorn posted [p:954851709] in Stock Topi... [t:79483078]...</cite> <quote>greengravy294 posted... </cite> <quote>The housing market is in all likelihood a bubble. I've been looking to buy real estate but Jesus it's just insanity.</quote>Wages aren't keeping up with the costs of housing. The prices have to either stop rising or slow down significantly. It's possible that we could just see more of what is happening in LA with homelessness, but that's not a situation that can continue for too long. </quote> ... Copied to Clipboard!
ChaosTonyV4 06/10/21 3:03:22 PM #290:	ExThaNemesis posted... The Bitcoin environmental claims have all been completely blown the f* up by now so anyone parroting them is either ignorant or, like you said, evil. lmao --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado <cite>ChaosTonyV4 posted [p:954852193] in Stock Topi... [t:79483078]...</cite> <quote>ExThaNemesis posted... </cite> <quote>The Bitcoin environmental claims have all been completely blown the f* up by now so anyone parroting them is either ignorant or, like you said, evil. </quote> lmao </quote> ... Copied to Clipboard!
Sunroof 06/10/21 3:22:56 PM #291:	Soon all money will be free. And by that, I mean the government will give out money to people who claim to need it, to the point where everyone will be receiving money without doing anything to earn it. My point being that if people cant afford houses, there someday will exist financial benefits that will go toward giving them money rather than actually addressing the root of the issue. To be fair, Im incredibly jaded and biased. At work, Im investigating a $1,000,000+ unemployment insurance fraud scheme as a result of Covid benefits. This is money that these people had zero right receiving much less applying for. <cite>Sunroof posted [p:954852865] in Stock Topi... [t:79483078]...</cite> <quote>Soon all money will be free. And by that, I mean the government will give out money to people who claim to need it, to the point where everyone will be receiving money without doing anything to earn it. My point being that if people cant afford houses, there someday will exist financial benefits that will go toward giving them money rather than actually addressing the root of the issue. To be fair, Im incredibly jaded and biased. At work, Im investigating a $1,000,000+ unemployment insurance fraud scheme as a result of Covid benefits. This is money that these people had zero right receiving much less applying for. </quote> ... Copied to Clipboard!
banananor 06/10/21 3:35:55 PM #292:	Sunroof posted... Soon all money will be free. And by that, I mean the government will give out money to people who claim to need it, to the point where everyone will be receiving money without doing anything to earn it. My point being that if people cant afford houses, there someday will exist financial benefits that will go toward giving them money rather than actually addressing the root of the issue. can you give a timeline on this? i'd like to take a break from work although, i guess what you're describing is probably something like home ownership subsidies, similar to the farm or oil subsidies we have today also, i have to imagine that some percentage of these investment bubbles are going to pop as the extra covid unemployment benefits go away --- You did indeed stab me in the back. However, you are only level one, whilst I am level 50. That means I should remain uninjured. <cite>banananor posted [p:954853385] in Stock Topi... [t:79483078]...</cite> <quote>Sunroof posted... </cite> <quote>Soon all money will be free. And by that, I mean the government will give out money to people who claim to need it, to the point where everyone will be receiving money without doing anything to earn it. My point being that if people cant afford houses, there someday will exist financial benefits that will go toward giving them money rather than actually addressing the root of the issue.</quote>can you give a timeline on this? i'd like to take a break from work although, i guess what you're describing is probably something like home ownership subsidies, similar to the farm or oil subsidies we have today also, i have to imagine that some percentage of these investment bubbles are going to pop as the extra covid unemployment benefits go away </quote> ... Copied to Clipboard!
Sunroof 06/10/21 3:44:09 PM #293:	I was mostly being facetious, but in some ways its already happening. I remember when the unemployment benefits first came out, people would actually make more money from unemployment than when they were working. That money was supposed to be put towards critical expenses like rent, food, etc. but it was so much free money that the excess went to things like the stock market (hence the bullish trend since mid-2020) and other non-essential goods. This in turn has resulted in people simply not returning to work. Although the unemployment amounts have relaxed a bit, many people rather stay at home not working at all and making 70% of what they could if they were working. All this to say that if enough people stop being able to afford certain things, the government/politicians will play hero to get votes. This then effects us as stock traders because, as you pointed out, there seems to be at least somewhat of a tie between the market and free money. <cite>Sunroof posted [p:954853716] in Stock Topi... [t:79483078]...</cite> <quote>I was mostly being facetious, but in some ways its already happening. I remember when the unemployment benefits first came out, people would actually make more money from unemployment than when they were working. That money was supposed to be put towards critical expenses like rent, food, etc. but it was so much free money that the excess went to things like the stock market (hence the bullish trend since mid-2020) and other non-essential goods. This in turn has resulted in people simply not returning to work. Although the unemployment amounts have relaxed a bit, many people rather stay at home not working at all and making 70% of what they could if they were working. All this to say that if enough people stop being able to afford certain things, the government/politicians will play hero to get votes. This then effects us as stock traders because, as you pointed out, there seems to be at least somewhat of a tie between the market and free money. </quote> ... Copied to Clipboard!
Forceful_Dragon 06/10/21 3:54:57 PM #294:	masterplum posted... As someone who has two rental houses. there is still no way its worth it after taxes and fees. Not to mention the hassle of trying to get new tenants that arent awful You don't think there could be at least a $100,000 swing in housing costs between between current prices and potential prices once things settle down? But even if fees/etc are too much to be worth getting back into the rental game you could still take the proceeds from your house and invest them in a way that isn't liable to lose a lot of it's value this year. --- ~C~ FD https://imgur.com/dGDfxaw <cite>Forceful_Dragon posted [p:954854237] in Stock Topi... [t:79483078]...</cite> <quote>masterplum posted... </cite> <quote>As someone who has two rental houses. there is still no way its worth it after taxes and fees. Not to mention the hassle of trying to get new tenants that arent awful</quote> You don't think there could be at least a $100,000 swing in housing costs between between current prices and potential prices once things settle down? But even if fees/etc are too much to be worth getting back into the rental game you could still take the proceeds from your house and invest them in a way that isn't liable to lose a lot of it's value this year. </quote> ... Copied to Clipboard!
ExThaNemesis 06/10/21 3:56:52 PM #295:	If GME goes below $180 again I'm fucking all over it. --- "undertale hangs out with mido" - ZFS Smash Ultimate Switch Code: SW-6933-1523-8505 <cite>ExThaNemesis posted [p:954854319] in Stock Topi... [t:79483078]...</cite> <quote>If GME goes below $180 again I'm fucking all over it. </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 4:04:19 PM #296:	Sunroof posted... Soon all money will be free. And by that, I mean the government will give out money to people who claim to need it, to the point where everyone will be receiving money without doing anything to earn it. My point being that if people cant afford houses, there someday will exist financial benefits that will go toward giving them money rather than actually addressing the root of the issue. To be fair, Im incredibly jaded and biased. At work, Im investigating a $1,000,000+ unemployment insurance fraud scheme as a result of Covid benefits. This is money that these people had zero right receiving much less applying for. I know for one thing, Joe Biden has discussed the possibility of having a $15,000 first-time buyer's credit on buying a home. Guess what real estate people expect that will do to housing. Prices will go up about $15,000 The problem is that there's short supply. A lot of it is artificial. We probably still have more homes than homeless people, I know a few years ago it was about 6 times as many. Investors tend to aggressively price homes and some investors are willing to have empty units instead of dropping lower. This is common in LA because a lot of new housing is luxury housing that people can't afford, but if they reduce it, their returns aren't as good because the wealthier people would expect discounts as well. The costs of building units doesn't make anything other than luxury units profitable. In all, this is a total mess. --- <D <cite>Zachnorn posted [p:954854623] in Stock Topi... [t:79483078]...</cite> <quote>Sunroof posted... </cite> <quote>Soon all money will be free. And by that, I mean the government will give out money to people who claim to need it, to the point where everyone will be receiving money without doing anything to earn it. My point being that if people cant afford houses, there someday will exist financial benefits that will go toward giving them money rather than actually addressing the root of the issue. To be fair, Im incredibly jaded and biased. At work, Im investigating a $1,000,000+ unemployment insurance fraud scheme as a result of Covid benefits. This is money that these people had zero right receiving much less applying for.</quote>I know for one thing, Joe Biden has discussed the possibility of having a $15,000 first-time buyer's credit on buying a home. Guess what real estate people expect that will do to housing. Prices will go up about $15,000 The problem is that there's short supply. A lot of it is artificial. We probably still have more homes than homeless people, I know a few years ago it was about 6 times as many. Investors tend to aggressively price homes and some investors are willing to have empty units instead of dropping lower. This is common in LA because a lot of new housing is luxury housing that people can't afford, but if they reduce it, their returns aren't as good because the wealthier people would expect discounts as well. The costs of building units doesn't make anything other than luxury units profitable. In all, this is a total mess. </quote> ... Copied to Clipboard!
Sunroof 06/10/21 4:06:20 PM #297:	Yeah. I probably wont go back into these real estate stocks after this or next week. But I think theyre at a good price for the short-term. <cite>Sunroof posted [p:954854717] in Stock Topi... [t:79483078]...</cite> <quote>Yeah. I probably wont go back into these real estate stocks after this or next week. But I think theyre at a good price for the short-term. </quote> ... Copied to Clipboard!
greengravy294 06/10/21 4:09:25 PM #298:	For the now, sure. Same with lumber or steel. We won't be building forever --- https://imgur.com/a/LEqiW https://imgur.com/iXHxhET <cite>greengravy294 posted [p:954854849] in Stock Topi... [t:79483078]...</cite> <quote>For the now, sure. Same with lumber or steel. We won't be building forever </quote> ... Copied to Clipboard!
red sox 777 06/10/21 4:10:46 PM #299:	ExThaNemesis posted... If GME goes below $180 again I'm fucking all over it. I put in a limit order to buy more shares at $200. Didn't hit. I'm gonna regret not just buying at $210-$220 when it goes back to $300 tomorrow. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:954854907] in Stock Topi... [t:79483078]...</cite> <quote>ExThaNemesis posted... </cite> <quote>If GME goes below $180 again I'm fucking all over it.</quote> I put in a limit order to buy more shares at $200. Didn't hit. I'm gonna regret not just buying at $210-$220 when it goes back to $300 tomorrow. </quote> ... Copied to Clipboard!
Zachnorn 06/10/21 4:25:50 PM #300:	red sox 777 posted... I put in a limit order to buy more shares at $200. Didn't hit. I'm gonna regret not just buying at $210-$220 when it goes back to $300 tomorrow. Story of my life, but with other stocks. Like SOFI today. Could have bought at $21.80 and it closed at around $23. All because I was hoping to save a few cents on a dip. --- <D <cite>Zachnorn posted [p:954855476] in Stock Topi... [t:79483078]...</cite> <quote>red sox 777 posted... </cite> <quote>I put in a limit order to buy more shares at $200. Didn't hit. I'm gonna regret not just buying at $210-$220 when it goes back to $300 tomorrow.</quote>Story of my life, but with other stocks. Like SOFI today. Could have bought at $21.80 and it closed at around $23. All because I was hoping to save a few cents on a dip. </quote> ... Copied to Clipboard!
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Board 8 > Stock Topic 30 (+) Yeah! (+)

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