GameStop WallStreet scandal. - Page 10

For anyone looking for a long term investment. Put some money into 'Okta Inc.'. I've worked for this company for years and they are gonna be big. Really big. Their stock has already gone x10 since IPO but recently there was a sell off and its a good time to get some.

I'm shocked!

some bot bumped this thread, good timing tho because this shit stocks are going down soon to their real value the squeeze is over and only fools are still holding on to the poop bag

sqz not over yet and gme might be already at its real speculative value based only on fundamentals without squeeze talk

On August 05 2021 22:26 Baalim wrote: some bot bumped this thread, good timing tho because this shit stocks are going down soon to their real value the squeeze is over and only fools are still holding on to the poop bag

i bet you said this each time it went down

also you can profit on "fools" holding bag of poop by shorting the shit stocks and profiting $

On August 06 2021 14:08 FrinkX wrote: Show nested quote + On August 05 2021 22:26 Baalim wrote: some bot bumped this thread, good timing tho because this shit stocks are going down soon to their real value the squeeze is over and only fools are still holding on to the poop bag i bet you said this each time it went down

I did expect it to go down quicker but I guess ppl are stubborn, but its going down consistently, I usually down trade stocks but I think I will put my money where my mouth is and short it.

why do you think its going to keep going down when it has done this multiple times over the last year?

i bought numerous call options a week or two ago when the IV was <100

edit: referring to GME

On August 15 2021 19:01 FrinkX wrote: why do you think its going to keep going down when it has done this multiple times over the last year? i bought numerous call options a week or two ago when the IV was <100 edit: referring to GME

GME is healtheir tham ACM which afaik is deep in debt, but I think its a short because there's a lot of dumb money still in, institutional money isn't gong to long these stocks obv, retail is going to be holding the bag of poo, altho I don't think we will go to the old over-shorted price again.

well by theory the squeeze has still not happened but i guess it all depends on if the funds actually release their short interest which they'll probably never do

its heavily manipulated but i think the glorious battle of retail will wage on and the swings will continue. hopefully i timed my call options right

nvm stupid stubborn ppl pumping the price, I guess time to short if the read is right then its some easy profit, I mean its consistently going down therefore it must keep going down right?

I don't like shorting the memers for significant amounts even if these companies are terminally ill because being a meme is like a monetizable asset that doesn't appear on their balance sheet

You're betting against these companies because they have a shitty business model, are losing money and failing at everything but in reality they do have a product: they're selling "equity" (basically air) to redditors for real cash

You might think mass delusions are rare and bound to correct themselves but actually mass delusion is the norm and people can continue dumping their money into the abyss and rationalize it for decades. It's now part of their identity to put their money into the shredder. As soon as someone comments their support for one of these meme corps on youtube/twitter/whatever you're never bringing them back, it's over - they're going to rationalize away literally any bad news about 'their' company forever

And then the ultimate nightmare scenario is if any innovation happens in those companies (which is not 0%) before the mass delusion ends and they turn their company around into a significantly profitable one. Your losses are also potentially unlimited if you do hit the reverse lottery. American express used to be a telegram company or something.

There's easier ways to make money IMO :/ The only thing I like about it is that it might be reversely correlated with the rest of your stuff

Baal made some profit shorting gme?

oh did i get vindicated again

havent sold my call options yet kek. rise more plz

me2, some more rising till 10th sept gib