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Replies: 22
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Legend [15212]
TigerPulse: 98%
Posts: 18245
Joined: 6/10/09
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Yall heard about this GME stock? Just got my HELOC
Feb 2, 2021, 8:30 AM
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approved and threw the 75K in it at $250 share last yesterday afternoon.
Apparently, Elong Musk and these Reddit guys (Reddit is like Tigernet for stock brokers I think) are gonna do what they call a "squeeze" where all these guys buy the stock and run up the price to somewhere in that $1000 range per share.
The stock was at $400 last week, so I feel like I probably timed this thing perfectly. I think we should all get in it and run this thing up over $1000.
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All-In [30181]
TigerPulse: 100%
Posts: 31794
Joined: 9/13/01
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It's STONK brokers - get it right***
Feb 2, 2021, 8:38 AM
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Oculus Spirit [85088]
TigerPulse: 100%
Posts: 24864
Joined: 5/21/14
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Can I paypal you the $22.5K I just got for selling my car?***
Feb 2, 2021, 8:38 AM
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Heisman Winner [135475]
TigerPulse: 100%
Posts: 91593
Joined: 12/6/98
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Are absolutely insane?!!?!?
Feb 2, 2021, 8:41 AM
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You're going to risk the money you had earmarked for that above ground pool in the front yard on a shaky at best investment?
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Oculus Spirit [85088]
TigerPulse: 100%
Posts: 24864
Joined: 5/21/14
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Risk? This is going to get me to inground and a diving bord
Feb 2, 2021, 8:45 AM
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Legend [15212]
TigerPulse: 98%
Posts: 18245
Joined: 6/10/09
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CU Medallion [65977]
TigerPulse: 100%
Posts: 24687
Joined: 6/12/14
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Oculus Spirit [85088]
TigerPulse: 100%
Posts: 24864
Joined: 5/21/14
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Paypal is more popular than venmo
Feb 2, 2021, 9:13 AM
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right?
Idk, a lot of things I buy have a paypal option. Also, when I bought a natty ticket from a student, she used paypal.
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CU Medallion [65977]
TigerPulse: 100%
Posts: 24687
Joined: 6/12/14
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I bought crulez's NC State tickets once and
Feb 2, 2021, 9:58 AM
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paid him with Paypal and he mocked me for not having Venmo
clemsonrulez08®
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All-In [40656]
TigerPulse: 100%
Posts: 23591
Joined: 1/29/05
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Heisman Winner [135475]
TigerPulse: 100%
Posts: 91593
Joined: 12/6/98
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Honestly...
Feb 3, 2021, 2:40 PM
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one would think with our advances in modern science, there would be a vaccine for GEDs by now.
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Oculus Spirit [85088]
TigerPulse: 100%
Posts: 24864
Joined: 5/21/14
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Oculus Spirit [75673]
TigerPulse: 100%
Posts: 108826
Joined: 10/26/03
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Can you explain to me just how this company makes money?
Feb 2, 2021, 8:45 AM
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What are the dividend per share?
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Legend [15212]
TigerPulse: 98%
Posts: 18245
Joined: 6/10/09
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Dividend?
Feb 2, 2021, 8:49 AM
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That's the bottom number right?
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Legend [15212]
TigerPulse: 98%
Posts: 18245
Joined: 6/10/09
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Just looked it up...
Feb 2, 2021, 9:01 AM
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dividend is the top number.
Always got that wrong.
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All-In [43567]
TigerPulse: 100%
Posts: 18032
Joined: 4/24/15
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I think I've seen enough. Have you AT ALL considered
Feb 2, 2021, 9:05 AM
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just how much hookers and blow you stand to NOT partake in?
ROOKIE.....
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Orange Blooded [4612]
TigerPulse: 100%
Posts: 2256
Joined: 1/12/01
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This line from r/WSB got a sensible chuckle from me this
Feb 2, 2021, 8:56 AM
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morning...I will try to work 'squoze' into conversations today...
3) Hey but when is the squeeze of the squoze going to happen? ??
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Oculus Spirit [97658]
TigerPulse: 100%
Posts: 64802
Joined: 7/13/02
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I never knew the Big Short guy was in on this
Feb 2, 2021, 8:58 AM
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He made over $200 million on Game Stop. He made $800 million on the housing market collapse.
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All-In [30181]
TigerPulse: 100%
Posts: 31794
Joined: 9/13/01
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He also bought in on GameStop back in the fall
Feb 2, 2021, 8:59 AM
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because of fundamentals that he thought about the company was making positive progress.
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Oculus Spirit [75673]
TigerPulse: 100%
Posts: 108826
Joined: 10/26/03
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I don't believe that for one second.
Feb 2, 2021, 9:06 AM
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Maybe he bought in back in the fall due to the fact a new X-Box and Playstation were coming out, but that even seems flimsy.
There is nothing about what GameStop is that suggests future success. I think hard copies of games are about to go the route of the comic book store.
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Oculus Spirit [97658]
TigerPulse: 100%
Posts: 64802
Joined: 7/13/02
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He claims, in a letter he sent to their board, that the
Feb 2, 2021, 9:20 AM
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upside he saw was in using their market cap (which was really too high) to transition to an online marketplace. Lose the brick and mortar stores in other words, and profit. Board declined because they're all old dudes riding this out.
Anyway, that was what he claimed....I'm not believing it either.
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Oculus Spirit [97658]
TigerPulse: 100%
Posts: 64802
Joined: 7/13/02
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All the WSB stonks be unraveling now.
Feb 2, 2021, 9:18 AM
[ in reply to He also bought in on GameStop back in the fall ] |
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Which was bound to happen. Those who played it right, they made a ton. But those who bought in and didn't play it right, are getting killed. I think the main thing that may make this a fad or sporadic thing is that there will always be losers in this game. And those who make a ton of money, well, the other WSB losers will keep the thing from being run well. Big Short guy thinks GME is a one-off thing. It was aligned perfectly for what happened, but that same scenario will be hard to repeat. I tend to think he's right IF the discord grows when this thing unwinds, and 2/3 of the WSB people realize they were played by the other third. Then again the flip side, is the 1/3 will attract more players to the table to reload and make other runs.
Literally, the first thing I learned in college was the mechanics of a pyramid scheme. Frats used to do them to make money off dumb freshmen, and they did. Thousands. They'd go around Johnstone first week of the fall semester preying on Freshmen. Put $5 in. Get 5 friends to put 5 in and you keep a piece. They get 5 friends to play and you get more. I remember playing along for like 20 minutes quizzing the frat guy. Finally told him no thanks. Know a LOT of people who lost their $5.
Another friend who was a senior in a frat said they raked in almost $3k from their pyramid scheme.
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CU Medallion [65977]
TigerPulse: 100%
Posts: 24687
Joined: 6/12/14
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"Reddit is like Tigernet for stock brokers I think"
Feb 2, 2021, 9:26 AM
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