Still think TITNC3: Return of the Iceberg was peak

https://www.zillow.com/homedetails/48009-Ridge-Rd-New-Buffalo-MI-49117/81678535_zpid/ Nice little shack.

 

Ok, screw the west coast. That'd be $25m here. Looks like I'm headed to Michigan

 

Wait long enough and the midwest will be coastal eventually. Cheap ocean front property.

 

I have lived on that subreddit for the past couple weeks. I keep buying more hahaha

 

My first paycheck of the summer/spring seasonal job I work is about 2 weeks out. Assuming GME hasn't taken off by then I may put everything I have from that after expenses that need to be payed. I really wish it was tomorrow that I get payed not week after next. Maybe this was a lesson for me to always keep cash ready in the investment account to buy the dips? Hard for me to like the idea of keeping cash when it could be working for me. I guess holding until a dip could also be " working for me"

 

Unless the dip has already been dipped

 

Just follow the principle rules of investing. You're still in HS, so while another GME may never show up again, other things definitely will that will make you a lot of money.

1. Never invest more than you can afford to lose.

2. Never invest in something that other people tell you to. If you do your own research and decide it's a worthwhile opportunity, then sure, go for it.

3. Know what you're buying, and why you're buying it. If you see some idiot like me that paid $400 for a call that turned into $40k in a week, you absolutely should not be listening to me, even if it's fun and exciting.

4. Have a plan the whole way through your investment. @TreeFortRichard is probably the best person on this forum about that. He knows what prices he wants to buy and sell at, and if he misses them he just moves on and goes to his next opportunity.

And lastly, a lot of us here are older. We have 90% of our money in stupid boring long term shit. We have families and mortgages and real life to take care of. We just gamble with our fun accounts.

 

Now we’re talking, 9 bathrooms should be plenty for the First Anual Poop-Roulette.

seriously though, 8800 sq ft and I’d spend all my time in that bar.....

 

If that was my house, I'd buy an ole timey english riding outfit and parade about the grounds on my thoroughbred horse all day long. And then, after a long day's ride around the property, I'd retire to the bar for an exquisitely prepared exotic cocktail.

j/k. I'd be in one of the smaller rooms playing video games like I do now.

 

Whatever has the worst pricing deal at the time usually. With tractors and heavy equipment, even home stuff, so many guys are old-boy merican type that will sit there and do the math to find what's the best value or what their money gets them. So usually it's one of those things where whatevers most expensive is the best and the rest are just trying to keep up. Except Cat lately, mfers will put up with some janky shit just cause it says CAT and has parts availability. I'm biased towards komatsu but idk if they do residential

 

https://www.reddit.com/r/wallstreetbets/comments/md66ev/why_gme_went_up_today_and_how_citadel_may_crash/?utm_name=iossmf

Thoughts?

 

Definitely possible, but they won't be going down without giving it everything they got

 

Patiently waiting for FromSoftware to give a release date for Elden Ring. Probably 2023 but a guy can hope. lol

 

I’ll take an old fashioned

 

I spent a lot of time thinking about that earlier today, and there was another post on /r/GME discussing the links between blackrock and Cohen, and bridgewater and the Russel index.

I keep trying to reason myself into a mindset where I can understand how the hedge funds on the short position are making sense with their decisions, but I honestly can't. Citadel is picking the pockets of ETFs managed by funds that have orders of magnitude more assets under management than they do.

The only thing I can pin it to is a sociopathic desire to win at all costs by the shorts. There's no other logic unless I'm missing something. You have to assume that these guys all know they're fucked. The ones at the top will be shoring up their money offshores, and our good friend Kenny G of Citadel owns some of the most expensive properties in the world.

I saw it put rather eloquently earlier in a comment: "You're Citadel and you just took a swing at a kid and accidentally hit Mike Tyson who was standing next to him." Shorting the Russel ETF is going to bring down heat that can't be stopped. There's money, and there's MONEY. And then there's Blackrock and Bridgewater who look at MONEY and laugh.

 

You have to remember how this started and why. This wasn't about making money, this was about bringing pain to hedge funds that bring pain to businesses. The majority of people are like me, and hold very few shares and we don't give a F#&$ if those shares burn. Several hedge funds went under, several more are still looking at that as their future. If they see an opportunity to survive, they will take it. They will not worry about the consequences, because consequences are almost always negligible for them, especially compared to their losses when they follow the rules.

 

I'm on gme and WSB - but after thinking it and having a TW member say it just makes it that much better. After holding from 480 - to 38 - to 345 - to 118... I just have to believe it's going to go higher next time with out Tom fuckery

 

I get what you're saying, and I sort of (maybe) agree. But this didn't start with people wanting to stick it to the system. This started because a few hedge funds wanted to do what they've always done, and drive a struggling company out of business and make money on the way down. And one guy made an argument that GME was a legitimate business with a new board member who had a history of creating a successful online business. And people largely ignored him until a few enterprising individuals pointed out the short interest. And the more data and information that came out, the more everybody realized that the short sellers were actually in a much deeper hole than it appeared.

Even now, the people that are holding for justice and righteousness are just a tiny percentage of the dollars in play. There's funds on both sides of this now, and us retail guys are in the middle. The funds on the long side might not have paid attention if there wasn't a social media cry that brought the naked shorting to their attention. But they for sure have done their own research now, and they've figured out they can wipe out a few of their competitors for getting a bit too greedy.

 

Missed that dip.