Discussion in 'Yellow Pages' started by hornmeister, Dec 20, 2017.
As with all world changing technologies, some people just won't see it. Don't waste your breath.
this post is like some weird extended haiku.
lots of people have made money on cryptocurrency. for me its too risky an investment, but for others its surely up to them what they do with their hard earned cash?
But unlike conventional stocks in profit making companies, for everyone that has made money there is someone who has lost money. Mathematically. It's a zero sum game.
Meet Rich Greenfield, a guy that likes to short sell stocks and try to create FUD on Twitter to help his cause, just been named in a lawsuit from the SEC too. https://twitter.com/RichLightShed/status/1395724309117775874 here he is trying to tell us that a CEO of a large American company is encouraging people to bully him online, I think Rich will be very busy with his lawyers over the next few months.
I dont know Rich, maybe if you hadnt tried to sink companies that were struggling during a global pandemic and tried to put thousands of struggling people out of work this wouldnt have happened.
Go through this guys feed and look at how many times he mentions AMC with his FUD. Why would he go so hard on it?
Time to buy Amazon shares?
Been flat pretty much since the pandemic started, but tabled profits for the last 4 quarters and just made their 2nd biggest purchase of all time by snapping up MGM including their huge back catalogue including the James Bond franchise.
They seem to have shrugged of the calls for them to be taxed more and have expanded well into modern tech like artificial intelligence and renewables.
Long term I can see their research arms being floated off. I've dabbling in an out for a few years. My current holding is about 6% down but this has been made up for by taking previous profits by buying and selling.
Considering dropping a bit more as it's currently less than 5% of my portfolio.
Obviously we need to take the GBP vs USD rate into account and what may happen there. I think the pound may strengthen against the dollar in the short term so may be one to watch for a while to get best value.
No. As with stocks, people who've made money have done so from a rapidly growing market. The total market capitalisation of crypto has grown exponentially.
There are lots and lots of crap projects and some very good ones that will not make it, due to bad marketing or just bad luck, but it is not a zero sum game, like FX is, for instance.
For example ?
Get some AMC while they are cheap guys, MOASS is coming.
An example of what?
Nope! Sold at a small loss and bought some more NIO.
I recommend caution and have been changing my portfolio over to low risk investments.
Covid has left businesses globally with huge losses, huge loans, and huge debts. I predict over the next few years a spike of positivity, followed by a gradual reality check, followed by dog eat dog carnage.
I've jumped in and out of AMC a few times this week, made about 20% or so I think, will be keeping my eye on it again this week!
I am about to inherit money, but have no idea about stocks and shares. Someone recommended I use Fischer Investment? Any thoughts?
Still holding some, jumped in around 14, sold at 60. Only holding a small portion now just in case the crazy times we live in get crazier and it hits a stupid price.
If you have AMC just buy and hold. AMC are started a share count on the 2nd and the result are going to be revealed soon, this will show just how deep in the $hit the shorts are. AMC have to report the results and the word on the ground is that the short total being reported on financial data websites is wrong as they either are lying about their position or hiding the synthetic shares in dark pool trading.
The media this last few days or so has started mentioning short squeezes etc which is just probably them trying to shake out the paper hands with a fake squeeze as most of the financial media is owned by the same groups that are shorting all over the financial markets.
The shorts dont want to get themselves margin called, we the apes believe they are getting desperate. When they get margin called the computers take over the selling as explained here.
The everything is short, buy after the crash.
Ignore the incoming fake squeeze, ignore the FUD. Apes together strong. $100k per share is not a meme.
And long term? When covid is over? What is AMCs long term health, what debts will they have, what revenue will they earn to service the debt, what is their strategy to compete with streaming, Disney etc?
short squeezes are far to risky an investment strategy for myself. yes you can make a lot of money quickly, but if you time it badly then you stand to lose an awful lot. i would rather stick with my 20-30% portfolio growth each year. perfectly safe and happy with this.
if you are into gamestop, amc etc good luck to you, but its not for me.
Should've held though! @Cude>2<
Yep! Thats a tough one. Let's see how far it can go.
Sound advice. I tend to roughly do the same - But have a small percentage geared between the higher risk/higher reward companies (Smaller cap/SPACs with a long term outlook) as well as having a "Go for broke" side amount for swings/AMC sort of companies to have some fun.
The 2 aren't mutually exclusive - most of my investing money goes into a stocks and shares ISA where I make 20-30% a year, but then I have a portion allocated to the riskier side of investing such as crypto and individual stocks.
It depends on your approach to investing, for me and my approach I would consider them so.
I would rather stick with safer options for all the money I invested. I have tried crypto in the past but never felt particularly safe and still can’t shake the house of cards feeling about it.
i find it entertaining reading all the wallstreetbets crowds views etc, but it’s not investing at that level. it’s more akin to gambling.
like I said above best of luck to all involved in those efforts but for everyone that makes money there is an equal number or more of loss makers who hold too long or get in too late. it can be really tough to watch.
I'll be out after the squeeze/margin call, fundamentals are not at play with AMC or GME at the moment.
Up nearly 5% since my tip.
Up 18% since my tip off now. Did anyone go for it?
Recon there's another 5-10% in it, before it's worth selling for those taking a quick punt. I'm in for the long term.
a few of the funds I’m in own Amazon shares so I’m seeing the benefit