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"The Pen:" Live NLHE Chat Thread "The Pen:" Live NLHE Chat Thread

01-31-2021 , 01:18 PM
Quote:
Originally Posted by Mr Spyutastic
Who cares? The point is you shouldn't restrict the buying of a stock so you can affect the price movement. Particularly when that benefits those that are jacked up in money losing short position.



You're basically like a person complaining that some fish hit his flush draw too many times so now he isn't allowed to call with a draw or speculative hand pf. Restrict him to only playing AA and KK to protect him.
Im not the one complaining. You are complaining about a day or so pause cause RH protected themselves. You are complaining about their actions. You have entitlement tilt, they are just a company that got put in a bad position by a few of their customers.

Im saying I think a lot of GME longs at these prices are going to lose. They should take profits... never a bad thing... if you wish to keep buying, go ahead. Ive been wrong on many stock calls and we all have our own risk tolerances and timelines
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01-31-2021 , 01:19 PM
"Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks."
- Jim Cramer
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01-31-2021 , 01:30 PM
Quote:
Originally Posted by Dream Crusher
Instead of trying to be a terrible person you should figure out how to get on the righteous side of this trade.

Also, clearly you have never heard of TSLA.
I don't understand how any side of a trade can be righteous. My belief on what the market will eventually settle on as the present value of future profits for GameStop is immoral? How?

TSLA: major high tech manufacturer that is growing and on the frontier of battery and electric vehicle technology with tons of patents that are key to where the whole industry is moving to.

GME: an outdated brick and mortar retailer without a compelling strategy for adapting to the new digital world.

The moralizing on this stuff is shocking to me. This is not a battle between good and evil. From what I can tell, and I admit I'm no expert, is that the longs caught a bunch of over extended shorts with their pants down and the price spiked because of the resulting squeeze. I'm not saying the price is going to come back to earth immediately, but it will happen. This is like saying you can't expect to hit gutshots half the time. It's not immoral, just recognizing it's fundamentally not how the game works.
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01-31-2021 , 01:36 PM
DC must be dancing now after catching two people thinking he seriously believes anything he's posting.

Quote:
Dont know if this is a troll post.
This is exactly where DC wants you to be at all times.
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01-31-2021 , 01:41 PM
Quote:
Originally Posted by Lurshy
Im not the one complaining. You are complaining about a day or so pause cause RH protected themselves. You are complaining about their actions. You have entitlement tilt, they are just a company that got put in a bad position by a few of their customers.

Im saying I think a lot of GME longs at these prices are going to lose. They should take profits... never a bad thing... if you wish to keep buying, go ahead. Ive been wrong on many stock calls and we all have our own risk tolerances and timelines
I'm not complaining. Again I don't even use RH. I'm saying what they did is clearly wrong. You are in defense of them and think it's fine. Which your take isn't surprising at all and consistent with the likes of Leon Cooperman because you work for the institution. Also seems that even if I did wish to keep buying, I might not have that choice. So I can't just go ahead as you keep saying. But again for some reason you seem to want to conflate me with a person that uses RH and wants to buy the stock. I don't. But yeah please keep saying that so it makes you sound superior.
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01-31-2021 , 01:41 PM
Quote:
Originally Posted by Dream Crusher
That's the logic these hedge funds are struggling with too. Would you play chicken with a kamikaze pilot? That's what these hedge funds have been doing by continuing to short the stock. The main goal of WallStreetBets is not to make money but rather to bring pain to these hedge fund billionaires that are shorting the stock.
The kamikazis chose a losing strategy at the greatest personal cost imaginable for a losing cause at the service of a nation and an ideology that deserved to be defeated.

This sounds like a decent analogy for what the Gamestop guys are doing.

Although from the very little I ve read, the Gamestop thing is more of a mix of inchoate populist rage, anti-elitism running amok, mass delusion and a gameplan that has echoes of the gnome underpants theory.
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01-31-2021 , 02:06 PM
Quote:
Originally Posted by reaper6788
I don't understand how any side of a trade can be righteous. My belief on what the market will eventually settle on as the present value of future profits for GameStop is immoral? How?

TSLA: major high tech manufacturer that is growing and on the frontier of battery and electric vehicle technology with tons of patents that are key to where the whole industry is moving to.

GME: an outdated brick and mortar retailer without a compelling strategy for adapting to the new digital world.

The moralizing on this stuff is shocking to me. This is not a battle between good and evil. From what I can tell, and I admit I'm no expert, is that the longs caught a bunch of over extended shorts with their pants down and the price spiked because of the resulting squeeze. I'm not saying the price is going to come back to earth immediately, but it will happen. This is like saying you can't expect to hit gutshots half the time. It's not immoral, just recognizing it's fundamentally not how the game works.
TSLA is just a car manufacturer that will be competing head to head against the largest tech companies in the world (Amazon, Apple, Google). If a company as poorly run as TSLA can become a tech behemoth then so can GME.

Siding with these hedge fund douchebags is immoral. The reddit guys are going to kick your teeth in if you let greed get the best of you in this new market. Best to stay clear.
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01-31-2021 , 02:08 PM
Quote:
Originally Posted by OvertlySexual
The kamikazis chose a losing strategy at the greatest personal cost imaginable for a losing cause at the service of a nation and an ideology that deserved to be defeated.

This sounds like a decent analogy for what the Gamestop guys are doing.

Although from the very little I ve read, the Gamestop thing is more of a mix of inchoate populist rage, anti-elitism running amok, mass delusion and a gameplan that has echoes of the gnome underpants theory.
I don't know what gnome underpants theory is although I am quite familiar with gnome theory overpants.
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01-31-2021 , 02:13 PM
Quote:
Originally Posted by Mr Spyutastic
"Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks."
- Jim Cramer
These are the 10 stocks I've been keeping my eye on.

724 Solutions (SVNX)
Ariba (ARBA)
Digital Island (ISLD)
Exodus (EXDS)
InfoSpace.com (INSP)
Inktomi (INKT)
Mercury Interactive (MERQ)
Sonera (SNRA)
VeriSign (VRSN)
Veritas Software (VRTS)


Jim Cramer's Winners of the New World
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01-31-2021 , 02:23 PM
Quote:
Originally Posted by Dream Crusher
If a company as poorly run as TSLA can become a tech behemoth then so can GM.
Fyp.

I think TSLA will be making a lot of it's money in the future in the same way Google and FB are today.
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01-31-2021 , 02:25 PM
Quote:
Originally Posted by Dream Crusher
These are the 10 stocks I've been keeping my eye on.

724 Solutions (SVNX)
Ariba (ARBA)
Digital Island (ISLD)
Exodus (EXDS)
InfoSpace.com (INSP)
Inktomi (INKT)
Mercury Interactive (MERQ)
Sonera (SNRA)
VeriSign (VRSN)
Veritas Software (VRTS)


Jim Cramer's Winners of the New World
As the rumor goes I'm sure an inverse Cramer options strat would handily beat the market.
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01-31-2021 , 02:26 PM
Quote:
Originally Posted by OvertlySexual
The kamikazis chose a losing strategy at the greatest personal cost imaginable for a losing cause at the service of a nation and an ideology that deserved to be defeated.

This sounds like a decent analogy for what the Gamestop guys are doing.

Although from the very little I ve read, the Gamestop thing is more of a mix of inchoate populist rage, anti-elitism running amok, mass delusion and a gameplan that has echoes of the gnome underpants theory.
Nh.

If the anti-elitist mass delusion about this continues for a while or worse we enter a new era of social media mobs lighting money on fire to play arms race games with hedge funds like dreamcrusher thinks it's not going to end well for the mobs. Yes some hedge funds that get caught out will get crushed, but the long mob is not going to win out overall in the long run. The longers at the bottom of the pyramid are going to lose bigger than the longers at the top win because all the other institutions supporting the transactions will get their pound of flesh. The rake is going to go up.

<politics deleted>

Last edited by Garick; 01-31-2021 at 02:48 PM.
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01-31-2021 , 02:47 PM
Quote:
Originally Posted by Dream Crusher
TSLA is just a car manufacturer that will be competing head to head against the largest tech companies in the world (Amazon, Apple, Google). If a company as poorly run as TSLA can become a tech behemoth then so can GME.



Siding with these hedge fund douchebags is immoral. The reddit guys are going to kick your teeth in if you let greed get the best of you in this new market. Best to stay clear.
Lolz
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01-31-2021 , 04:17 PM
So much aids
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01-31-2021 , 04:22 PM
Slim - your thoughts on Patrick Reed?
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01-31-2021 , 04:41 PM
Quote:
Originally Posted by bip!
Slim - your thoughts on Patrick Reed?

He has an EXTREMELY punchable face and he’s quite literally the worst
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01-31-2021 , 05:35 PM
Quote:
Originally Posted by feel wrath
So much aids
This thread really does get awful at times
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01-31-2021 , 05:53 PM
Quote:
Originally Posted by Dream Crusher
Instead of trying to be a terrible person you should figure out how to get on the righteous side of this trade.

Also, clearly you have never heard of TSLA.
I want to hear the who knows what the DC politicians are buying.


Quote:
Originally Posted by Mr Spyutastic
As the rumor goes I'm sure an inverse Cramer options strat would handily beat the market.
I'm heard that decades ago, I assume the algos have been running.

Quote:
Originally Posted by reaper6788
I don't understand how any side of a trade can be righteous. My belief on what the market will eventually settle on as the present value of future profits for GameStop is immoral? How?

TSLA: major high tech manufacturer that is growing and on the frontier of battery and electric vehicle technology with tons of patents that are key to where the whole industry is moving to.

GME: an outdated brick and mortar retailer without a compelling strategy for adapting to the new digital world.

The moralizing on this stuff is shocking to me. This is not a battle between good and evil. From what I can tell, and I admit I'm no expert, is that the longs caught a bunch of over extended shorts with their pants down and the price spiked because of the resulting squeeze. I'm not saying the price is going to come back to earth immediately, but it will happen. This is like saying you can't expect to hit gutshots half the time. It's not immoral, just recognizing it's fundamentally not how the game works.

Buy up stock in a somewhat obsolete company to combat giants with huge cash reserves? I want to know how the first people who heard started the herd. I suspect something like

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01-31-2021 , 06:01 PM
Quote:
Originally Posted by bwslim69
He has an EXTREMELY punchable face and he’s quite literally the worst

German sausage is the wurst
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01-31-2021 , 08:46 PM
Quote:
Originally Posted by bwslim69
He has an EXTREMELY punchable face and he’s quite literally the worst

Yeah. Cheater. And very punchable.
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01-31-2021 , 09:53 PM
Quote:
Originally Posted by Mr Spyutastic
Fyp.

I think TSLA will be making a lot of it's money in the future in the same way Google and FB are today.
TSLA is worth more than FB today.
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01-31-2021 , 09:57 PM
Quote:
Originally Posted by bwslim69
He has an EXTREMELY punchable face and he’s quite literally the worst
A quick google search of this dude's name shows the most punchable face I've ever seen.
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01-31-2021 , 10:12 PM
Have there been any consequences from his cheating? Seems like it's widely known/suspected and there are definitely some shady actions on video.
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02-01-2021 , 12:29 AM
Quote:
Originally Posted by Dream Crusher
TSLA is worth more than FB today.
This is good for Bitcoin.
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02-01-2021 , 12:43 AM
Odds we invade Myanmar? Probably not the lucrative military conflict the new administration was hoping for but at least it's something.
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