RE: r/WallStreetBets vs Hedge funds
February 1, 2021 at 9:22 am
(This post was last modified: February 1, 2021 at 10:12 am by The Grand Nudger.)
(January 31, 2021 at 7:53 am)░I░G░N░O░R░A░M░U░S ░ Wrote: They're going after the shiny stock next week. The most manipulated stock in history. It was worth $US50 per ounce 41 years ago in 1980. Today it's $25. What product on earth do you know of that has lost 50% of it's value over this time. It's not like silver (ETF- SLV) has no relevance in the world today. The answer is manipulation.
Probably not a great example. There's more competition for a dollar, industrial demand is down, and people aren't buying as much jewelry. Not that this has to matter to the price of a stock......but, there is a reason that silver and gold are the go to products for scamming nana.
Their perceived value is higher than their real value (and always has been).
As a side note, The Wife remembers the mood at Enron when it became clear that everything was about to collapse - and especially all of the people who were out jobs for things they had no personal involvement with - and didn't even know were occurring. Lots of tears and anger. She had to drop out of her journo program on account of how she couldn't afford tuition without the work and her options had become worthless. Long downward slide until she was waitressing at a beach bar 1k miles away. The story ends well for her compared to most of the people she knew. Busted marriages, foreclosures, addiction...worse. These boom and bust runs are going to do the same to real people.
(January 31, 2021 at 1:29 pm)Rhizomorph13 Wrote: Don't compare the stock market to games of chance, that is loser talk! Simply put, the market moves based on known rules, there are predictable patterns and trends that you can make money from.Same with poker or roulette, hell...even slot machines can be gamed. The difference is that a casino will kick you out for beating the house, beyond a point. Nope, nevermind, appears to be no difference. That's exactly what they did to the stonk bros. Even more fundamentally, the comparison to a casino is malformed from both ends, most of the time. If we're trying to make it stick, the casino owners gain is just as relavent as the casino players loss. They're shorting you, and it's a good bet because of known rules, predictable patterns, and trends.
They only call them "games of chance" for marketing - and that, my friend, is the loser talk.
(it is good to hear that you're doing well, ofc - I tried it back in the day...but, ultimately, I couldn't stay interested and keep focus - better off with a manager, personally. If our guy could get us 400% I'd see how open he was to an arranged marriage between our children, lol.)
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