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Terry's Peeps
PostPosted: Wed Jan 27, 2021 12:48 pm 
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SpiralStairs wrote:
Spaulding wrote:
What worthless stock can we buy just to get in on the fun?


Webonics


Webistics.

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Rod
PostPosted: Wed Jan 27, 2021 1:18 pm 
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Spaulding wrote:
What worthless stock can we buy just to get in on the fun?



AXDX. I don't think the company is worthless but it has a lot of shorts if the kids in the basement are paying attention.

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SpiralStairs
PostPosted: Wed Jan 27, 2021 1:20 pm 
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Terry's Peeps wrote:
SpiralStairs wrote:
Spaulding wrote:
What worthless stock can we buy just to get in on the fun?


Webonics


Webistics.


Webonics is the online ebonics dictionary.

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Seacrest wrote:
The menstrual cycle changes among Hassidic Jewish women was something as well.
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hnd
PostPosted: Wed Jan 27, 2021 1:21 pm 
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Regular Reader wrote:
Joe Orr Road Rod wrote:
Spaulding wrote:
can somebody explain to me what is happening?


https://www.cnbc.com/amp/2021/01/27/hed ... ssion=true

Chamath has been giving it to one of the clown market apologists on CNBC for the last 20 minutes. The talking head is so out of his depth that it's hilarious.


its been so great
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Bagels
PostPosted: Wed Jan 27, 2021 1:26 pm 
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Joe Orr Road Rod wrote:
Spaulding wrote:
What worthless stock can we buy just to get in on the fun?



AXDX. I don't think the company is worthless but it has a lot of shorts if the kids in the basement are paying attention.


im in :lol:
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SpiralStairs
PostPosted: Wed Jan 27, 2021 1:30 pm 
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Man there's going to be a million pump and dumps in the coming weeks.

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The menstrual cycle changes among Hassidic Jewish women was something as well.
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Rod
PostPosted: Wed Jan 27, 2021 2:18 pm 
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SpiralStairs wrote:
Man there's going to be a million pump and dumps in the coming weeks.



"Pump and dump" is not the term I would use for this. To me, "pump and dump" suggests that a bunch of quasi-criminals taking a shell company and driving up the stock price with optimistic press releases, etc. and then selling all at once. This is a bunch of guys with no insider knowledge who aren't pretending that these companies have any real value or future but simply see that there are a lot of shorts and they're banding together to squeeze the shit out of them. It's ingenious, really. And there's nothing illegal or even shady about it.

The guys complaining remind me of the coach in Remember The Titans after Ronnie Bass puts that juke move on the lineman. "Ref! Unnecessary roughness!" "On the quarterback? Really?"

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Jaw Breaker
PostPosted: Wed Jan 27, 2021 2:23 pm 
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Joe Orr Road Rod wrote:
And there's nothing illegal or even shady about it.


That's what's so laughable at attempts to shut it down.

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blackhawksfan
PostPosted: Wed Jan 27, 2021 2:23 pm 
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Joe Orr Road Rod wrote:
SpiralStairs wrote:
Man there's going to be a million pump and dumps in the coming weeks.



"Pump and dump" is not the term I would use for this. To me, "pump and dump" suggests that a bunch of quasi-criminals taking a shell company and driving up the stock price with optimistic press releases, etc. and then selling all at once. This is a bunch of guys with no insider knowledge who aren't pretending that these companies have any real value or future but simply see that there are a lot of shorts and they're banding together to squeeze the shit out of them. It's ingenious, really. And there's nothing illegal or even shady about it.

The guys complaining remind me of the coach in Remember The Titans after Ronnie Bass puts that juke move on the lineman. "Ref! Unnecessary roughness!" "On the quarterback? Really?"


Image
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Regular Reader
PostPosted: Wed Jan 27, 2021 3:53 pm 
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Jaw Breaker wrote:
Joe Orr Road Rod wrote:
And there's nothing illegal or even shady about it.


That's what's so laughable at attempts to shut it down.

Not being big on the deep details, I wonder if this would've happened if section 230 had been repealed.

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K Effective
PostPosted: Wed Jan 27, 2021 6:16 pm 
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Joe Orr Road Rod wrote:
That raises the question- and I admit that I'm not sophisticated enough to answer it, maybe Dennis can (no sarcasm)- why do we allow this casino style nonsense anyway? I get the original point of a stock market- so companies can raise capital. But what is the point of shorting and indexes and derivatives other than allowing a bunch of guys who don't produce anything tangible or positive for society to make obscene sums gambling?


Exactly. We need to limit this type of gambling to the farmers- who mortgage 200% of everything they have managed to scrape together over the past four generations to grow a crop almost completely dependent on the weather, and then use futures to hedge their losses or cap their profits!!
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Rod
PostPosted: Wed Jan 27, 2021 11:14 pm 
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K Effective wrote:
Joe Orr Road Rod wrote:
That raises the question- and I admit that I'm not sophisticated enough to answer it, maybe Dennis can (no sarcasm)- why do we allow this casino style nonsense anyway? I get the original point of a stock market- so companies can raise capital. But what is the point of shorting and indexes and derivatives other than allowing a bunch of guys who don't produce anything tangible or positive for society to make obscene sums gambling?


Exactly. We need to limit this type of gambling to the farmers- who mortgage 200% of everything they have managed to scrape together over the past four generations to grow a crop almost completely dependent on the weather, and then use futures to hedge their losses or cap their profits!!


I understand the practical use of commodities futures. I'm asking about products that seem to have been created purely for the sake of gambling.

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SpiralStairs
PostPosted: Wed Jan 27, 2021 11:20 pm 
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Options are normally a way to manage risk. Can't help it that they are a wonderful tool for gambling.

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The menstrual cycle changes among Hassidic Jewish women was something as well.
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Bagels
PostPosted: Thu Jan 28, 2021 11:21 am 
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Bagels wrote:
Joe Orr Road Rod wrote:
Spaulding wrote:
What worthless stock can we buy just to get in on the fun?



AXDX. I don't think the company is worthless but it has a lot of shorts if the kids in the basement are paying attention.


im in :lol:

https://finance.yahoo.com/news/accelera ... 08192.html

:lol:
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Peoria Matt
PostPosted: Thu Jan 28, 2021 12:11 pm 
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Our 14 year old had 150 in an etrade account. He had my wife transfer it to AMC this morning,

Little Denis in the making.
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312player
PostPosted: Thu Jan 28, 2021 6:30 pm 
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I bought a hundred shares today for under 1k.. It will be back to 20$ a share in inder 30 days.

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