phade
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Everything posted by phade
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The dogecoin $10 scratch off....turned into $45 overnight. Complete gamble. I pulled $ each time it hit 0.07 and I'm still sitting on $6 of it. A friend of mine tossed a few hundred in it from last summer and fall. Gained $10K on it last night. Like buying a lottery ticket. I think he lost alot of that back today as he didn't want to sell/take gains and I told him he was dumb (joking). I think his cost avg. was 0.003 or something. He hasn't replied when I asked him what he did with his newfound money, lol. Oh, and I'm eating a loss right now. The reddit stocks are all up double-digits. I'm ok though since I got in and out unscathed. Won't do that again for a while. I also think the difference is that to some, retirement and investments are two different things and others its one in the same. Retirement is contribute, put your money in the right space, and let it do it's thing. Investment is money not for retirement specifically but for income or other growth/use rather than sitting idle.
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I think its mostly over - I could be wrong, but AMC is issuing stock (smart by the company) and GME has a large SK investor group totally divest throwing shares on the market to be consumed by the shorts. Add in the BS from the platforms and I just don't see how that stock blows up unless the WSB group was REALLY right and and more right than they knew about the shorts and float. I'm back into my REITs, dividend aristocrats, and a handful of growth stocks. I did throw $10 on dogecoin this AM and doubled it - crypto is dumb, but hey it was like buying a scratch off, lol. I now have 442 dogecoin for free, lol.
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It's pretty much a big slap in the face - the market is up because people pulled their liquidity from those positions and dumped them back into other stocks that were "safer" or were short squeezed to a lesser extent and still allowed to interact freely. And the market execs and news are acting like this is a winning day for the market. It's not "buying the dip" it's people were forced to take action by the big money and these companies. Here is how ridiculous it is - Nokia - they just released 5G network news and will likely be a big player in it. RH locked out users ability to retail buy. Why? It wasn't a shorted stock! Only because this was a popular stock in Reddit/WSB and RH community. The volume was high, but no reason to lock it up. The stock has fundamentals! Stock tanked. SNDL: A sub-$1 cannabis stock; sunk low for quality control issues over the past year but no real challenges to the fundamentals that are outside of the industry (almost all have profit challenges). Locked out by RH! Why? Because it was popular with the same crowd. Makes zero sense. Stock was up 76% this AM and loss momentum because people couldn't buy; only sell. How stupid. Robinhood makes income off of selling user order data - TO THE INSTITUTIONS. The AI and Bots use this info in near-real time to make trades against the "dumb" money of retail. Who is their #1 buyer? Citron, the very group that was being bled on GME. Odd, eh? Starts to make sense how big of an organized racket this really is. Guess who covered their shorts at $200 instead of $1,000 per share because they could keep trading but retail couldn't. This was done to keep the big groups from folding - zero doubt about it - and retail investors took it on the chin and were laughed at. News is saying "we told you it wouldn't end well for you kids." When Ted Cruz and AOC are on the same side - something is damn wrong.
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Most are allowing you to close positions. So, think about that for a second. Retail investors can sell, but not buy. What you think that does to the price of said stock? Goes down. Guess who can still buy? The Hedge Funds to close out their shorts due tomorrow. This is absurd that it is happening. Thankfully I was down to my last $55 in NOK and sold it at a loss just to clear my position so I can be out of that mess.
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The only stock manipulation that went on here is really just figuring the math out on what the institutions have been doing for years. GME exploded because of a perfect storm - the stock became under-valued recently. Not to be confused with a great outlook, but undervalued. They closed 11% of their stores this year and made only 3% less revenue - meaning their leverage improved materially. Likewise, they added an E-Commerce giant into the board who also invested into the company. As a result the stock was undervalued and people started researching it to buy in for some gains. Why is the stock so low - well, to find out the driver was that Hedge Funds were heavily shorting the stock - to epic levels - to drive the price down so they could make their money. In fact, the practice was so pervasive that 138% of the available stock was shorted. Read that again - Hedge Funds shorted the stock so much that there wasn't enough stock to cover their shorts. That in my opinion is manipulation - they were driving a company to be de-valued (it was) and pushing it into the grave. They had so much money shorting the stock that it would be almost impossible for retail investors to make any money - ever - on that stock. They gamed the system and were causing retailers to lose for years on that stock. People figured that out and started making a case on how to properly value the stock. Math is what it is. If retail investors bought the stock and held, the hedge funds would need to come in and buy stock at elevated prices to cover their losses (to account for their heavy shorting) - in a vicious cycle known as a gamma squeeze that sends the price high, very fast. The tables got turned on hedge funds and instead of them raking retailers over the coals for years, the reverse was happening. People held the stock and the institutions bled money. Will it crash - yep. Known. The reason it is rocking is because the short calls by the hedge funds were to come due TOMORROW. So as the event got closer, the price went higher and higher. What is going on now is crazy, never seen before with people getting locked out. I lost about 30% of my gains with trades that wouldn't execute because of the app screwing with the stocks. This is big money throwing their weight and forcing the app companies and street to bow to their need. Major investors in RH for example are from the institutions that bled. The street is also worried that a new normal is happening as people are using fundamentals of the market to drive value as opposed to the calculated Hedge Funds using AI and Bots to bleed money from retail. The only manipulation is these Hedge Funds shorting 138% of a stock - they were borrowing shares out that they had borrowed in, and not paid for, at the expense of the retail investor. When retail buys the available shares on the market, the squeeze was on. I suspect you will find that the Hedge Funds were naked short selling because to float 138% of the available stock takes effort and calculation. It doesn't just happen by non-manipulation in today's age. This isn't 10-20 years ago.
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I got out at 300%. What a 48 hours! I think I'm going back to income investment strategy; this stuff is for the young guys IMO. Might dabble a small amount in short-term, but probably not more than a few % of my portfolio.
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In and out of GME 120%, and in AMC @ $5 with that roll! Wow. AMC in a squeeze but not nearly as shorted. Gonna bail asap. If premarket holds...up 220% on GME. My heart can't take it any longer.
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Understanding Scope Specs
phade replied to Northcountryman's topic in Hunting Gear Reviews and Gear Discussions
Also look up focal planes. Vortex has a good video on Youtube that explains the differences, too. Eye relief is another topic to understand. -
There are already tons of them. Heck, ever look at dogecoin? It was literally started as a joke around a meme, and it's openly traded. I made $140 off of it last month. Don't forget the whole concept is to de-connect value from the gov't and the institutional way commerce is handled. I'm not big into crypto either, but I can see it only becoming more of a force as time goes on. People are starting to not want centralization and regulation as much as they used to crave it. I mean, a Reddit board literally wiped out $1.6B of value from the institutions today with Game Stop. $1.6B...in a day! It was targeted, too, toward a few institutions specifically. People made $ today. I'm too risk averse for it, but wow, the fundamentals were there and it hit.
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Blockchain, which is the nucleus of crypto security, will forever change the financial and banking industry, and alot of other industries, too. Not sure about BTC specifically though.
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Anyone see the short squeezes going on. One for the ages this past week. GME, BBBY, AMC, etc. Retail investors are ganging up on the institutions and it's creating wild swings. Some retail investors are showing returns of insane amounts. Some guy on WSB made $11M on GME before today's opening. That stuff is volatile but may be a big factor in changing how markets do business if this keeps up. Basically, the retail investors get together via free speech, find the companies being shorted heavily to create a scenario where there are not enough shares on the market, causing the institutions to rush back in and buy shares to cover losses.
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Nice start! Joe Coombs for the win!
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In addition to what is noted above the ballistic reticles are usually aligned with three 50 gr pellets of 777; newer ones allow for custom calculations. Can't say I like them nearly as much in the MZ as I do in the shotguns, which are hard to find now. Mostly because I use BH209. I also find that it doesn't matter at most MZ ranges. The popular shotgun ones are worth $$$, too. While looking for ammo at a local joint, I came across a NIB slughunter collecting dust in a glass case for $200 out the door. It flipped for more than $400 almost immediately on eBay and gave me a solid $200 to put into the slush fund.
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Halfway there to Sunday from last weekend. Should be two good games regardless.
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Im surprised they don't breakout coyote by region but since it is a state one, assuming they're all considered western.
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My co-worker/friend and I spent time on this while on a flight to a Bills game. I spoke of securing ongoing income with enough spending to make life fun (more fun?) and take care of family. A house in the USVI, a core group of farms along the border of MO/IA/IL to bounce around for high end deer hunting, a ranch out west, and probably a home here in NY still for family/heritage. Outside of that, lots of travel for experiences. My co-worker said the first thing he would do is speak with his wife, cut her 50 or 55% even and have a level setting conversation about getting divorced or living separate but connected lives. He's convinced that if he or she were to get that rich that their marriage would not survive in the traditional sense. At first I was kind of surprised but his logic made sense (for him). It's not uncommon for marriage issues to develop in those instant generational wealth scenarios. But then he proceeded to tell me about the debauchery that would ensue, lol. Hard to argue - I couldn't imagine what a trip to Vegas, Ibiza, Jamaica, Phuket, Amsterdam, or other such places would be like sitting on a responsible (for the situation) amount of money to spend, and having it still be an absurd amount and being not attached. He manages money well so he wouldn't be at risk of complete meltdown but even in a controlled environment the amount of money per trip would just be stupid. Same guy though donates like crazy to good causes and volunteers. Work hard, play hard. Good example that people are all unique!
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LIVE From The Woods 2020 - Let's hear stories and see some pictures!
phade replied to Marion's topic in Deer Hunting
That push to get out of that awkward neighbor situation helps to find new opportunities! -
Bill Gates Becomes Biggest Private Owner of Farmland in America
phade replied to Grouse's topic in General Chit Chat
LOL, if the people deemed that he explain why is needed - there would be disclosure requirements. Not much different than minding your own business worrying about what someone else is doing on private property when said owner has indicated/exhibited no illicit activities. He bought land. End of story. -
The news around ZOM is as weird as it is entertaining...and people making money off it, lol.
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Bill Gates Becomes Biggest Private Owner of Farmland in America
phade replied to Grouse's topic in General Chit Chat
If this were a right leaning rich person, would you still be saying these things? He is not my cup of tea, but I respect his right to do what with he has earned within the provisions of the law. He doesn't owe me, you, or anyone an explanation unless the law requires disclosure. -
I'll compare him to nearly any opponent of Mike Tyson in his heyday. That guy didn't know what planet he was on.
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Vortex crossfire 2 , 2-7by 32 rifle scope your thoughts ?
phade replied to rob-c's topic in Guns and Rifles and Discussions
Is there a great optics company in the US? I don't see your point here. Edit - saw your post above. A job abroad is a job abroad. Even Zeiss has leveraged China. Is what it is, I guess. -
PM was tweeting during or thereafter the game, so not sure what to make of that.
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Meh, my BS meter is high on that one. Not saying it's not happening to a degree, but to say that 32M doses are available at a 1/3 conversion rate, something doesn't add up. They could be employing JIT or other various avenues and this seems like a crapshow; par for the course though I guess. The Riverside Convention center here is getting 700 doses a day - they're begging for volunteers to come administer - doctors, nurses, dentists, etc. They don't even have enough needle pushers for the supply.
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Bill Gates Becomes Biggest Private Owner of Farmland in America
phade replied to Grouse's topic in General Chit Chat
Diversification doesn't stop when you're one of the richest people in the world. Land ownership is a common diversification avenue. It just scales different for him because of how much $ he has.