www.wsj.com
Will be interesting to see how Keith Gill is portrayed. Personally, I think he’s a criminal because: (1) if his conviction was so strong in GME why did he feel the need to mobilize the investing troops on Reddit to push the price higher other than insuring his own personal gains, or (2) if he wanted to share his eye-opening research on an under the radar stock in order to persuade retail investors to buy, he strikes me as an investment professional especially given his background. Stepping into the real world and just food for thought, what would people say if someone who owns a ton of AT&T stock got a hold of the microphone at the Super Bowl half-time show and told everyone in the stadium or watching to buy AT&T stock immediately for reasons X, Y, and Z? And what motivation would someone have in doing that? BTW, I understand hedge funds play plenty of games too. In the end, the SEC is nothing short of a train-wreck on all levels.
Reddit’s WallStreetBets Was the GameStop Kingmaker, but Longtime Users Say the Thrill Is Gone
A year ago, the Reddit group was the engine that powered the rookie trader. Now, veteran members say they are finding only tired-out ideas.
Ben Mezerich is turning his book about GME into a movie and I for one can't wait for it.
^^^^^ I rest my case on the biases that some people are burdened with.
I highly recommend the book. Gill was doing webcasts in his basement, basically screaming at the clouds for months about GME before all of this went down. At least according to the book, the investing troops formed pretty organically. Most wanting to make a quick buck, some wanting to "stick it to the man," etc. The book follows several different people who invested and talks about their why.
I’ll have to read it. All I need to ask is what was Keith Gill’s intent? Simple, his intent was to profit on GME by mobilizing the masses.
I don’t entirely disagree, but those folks are employed within the industry. Gill was doing it purely for his own benefit and went off the rails which is why his employer got sued.
Read the book, I think it'll change your mind. He was essentially a bit of a crazy person doing webcasts to what amounted to blank space when he started. There were no masses.
I like the conspiracy theory. It may have partially backfired on Zuckerberg with the 20+% drop in stock price and likely lost quarter coming up.
I'm not saying it is or isn't the case but if it does anything to change the narrative on them with regulators that we're not the big bad behemoth (they are a behemoth) these other guys(tik tok etc..) are harsh competition for us and we're not a monopoly, it's a small and short term price to pay. It's good for a CEO to throw the kitchen sink and get everything out if there's bad news but that conf call and stories of MZ tearing or whatever in a company meeting just seems inordinately negative and has some level of fishiness to me but who knows.
Maybe it becomes part of prime membership and help add more value to it and their 20 buck hike, which I think would largely stick regardless.
Prime membership.....perhaps pair it with a different device to buy and use with any piece of equipment.
Practicing football and signing NIL deals for the conference.
Let’s see how many shares Blackwells Capital dumps next week. As if in this day and age it’s that hard to trace information to a source. It’s all a sham.
Inflation rate was about half what it is now, while 10 year bond yields were nearly 3x.
+1
Your approaching the market far too rationally. I’ve been slowly buying mainly because I don’t think this market is going to run away from us. Take advantage of volatility but as we’ve seen Big Tech is far from ATHs so there is time to get in.
I'm buying as well. Bought new positions in 6 stocks and now working on UPRO and TQQQ. Also added a bunch to our E-Trade and already maxed our backdoor Roth IRAs for 2022.
Shiller PE ratio for the S&P 500:
| Mean: | 16.91 | |
| Median: | 15.86 | |
| Min: | 4.78 | (Dec 1920) |
| Max: | 44.19 | (Dec 1999) |
Don't go too slow and miss out on this buying opportunity. I don't think it will happen on Thursday, but once inflation shows an inflection downwards, the market will be off to the races!
I'm with Aldo on this...did some nibbling on some dips but being a bit more cautious in deploying all funds here. If If I miss out than so be it at this stage as Ill be happy all my other investments would have gone up anyway.
Good write up from Fidelity on valuations and the recent downturn. P/E has already come down nicely for the S&P:
