@cloudsurf , you're so right. BB is a tech company, most people just think of phones, but there's a lot more behind it. They have strategic positions in Amazon's future in the autonomous vehicle tech etc. They may not be the #1 position, but honestly, anyone in the top tier that emerges in that sector will make bank. I'm also very interested in Silver all of a sudden (haven't been interesed in a metals in... forever).
And Nokia, I had totally forgotten about them, until my friend sent me this:
https://www.nokia.com/about-us/news...uild-first-ever-cellular-network-on-the-moon/ hahahah, WTF?
Of course, GME is a fluke incident, a very unique position (a white Rhino). Melvin Capital shorted 140% of the stocks and got caught and as a result, it almost killed the market. And what did the big boys do, they locked out all the retail investors from fully trading by only allowing them to sell targetted stocks else, they were dead. When a retail investor loses, who bails them out? Its so fucking dirty, but who's surprised? If nothing gets done about this, I don't expect that entire generation from just sitting back and cry. The amazing part, is that reddit group went from 500k users last just a week a go and are now 5 million strong and guess what, they have nothing to lose and everything to gain from this. This is possibly their future. Think Occupy wallstreet, BLM, Elections... this could be full blown terror on the old school buddy buddy financial groups private club regulating the markets for only their own interests. I say fuck them, they deserve what is coming... and it will come one way or another. But yeah, this is a real case of David vs Goliath (but looks like Goliath is sick and oozing diahrea all over the place).
What's really cool, to quote O'Leary below, GME has access to money now. They can choose to change their model and re-invest by creating a digital format think how netflix went from sending hard copies of movies to streaming, how amazon went to selling books to selling everything, etc). So instead of allowing them to go under and put tens of thousands of employees on the street maybe they can change their life around.... or they will be greedy and just cash in. We shall see.
I've fallen in love with this generation. They have reminded me what it means to have balls [instead of just focusing on emptying them
]. They aren't just doing things to amplify their own portfolios, they keep making huge sacrifices for the greater collective. I saw kids discussing how they were starving yet still commiting their stimulus checks to protecting their positions... reaction ? The herd quickly did a gofundme... A few years ago, I would have called them idiots for acting so foolishly... Today, I'm a bit embarassed of who I was to think something like that... just to prove that even an old asshole like myself can change. Perhaps my generation is bit guilty of cowardly surrendering to their own greed... see where it has brought us Today. Crazy part, they aren't trying to steal the show... all they are doing is fighting to level the playing field, that's how fucked up the whole thing is. These are our kids man, we can't allow them to get slaughtered. I have only respect for this movement... and honestly, I haven't felt this energized in years and I'm even willing to bleed for them. If all it costs me is a few thousands to deliver a painful blow to those fuckers, then I'll put multiples of that gladly -- I can't even believe I just wrote that hahahah but ya... this is the way.
Kevin O'Leary (Shark Tank's "Mr. Wonderful") from 02:00:
"The definition of the market is speculation when you buy and stay long in a stock you are speculating about the profits you hope appear and you take that risk"
"The best thing we could do for this market right now is leave it alone and just shine the light of transparency on it. if you are short, let it be transparent and you now run the new risk that these effective social media vigilantes are going to come after you and squeeze you in your short. And that's going to make a lot of hedge funds think a second time before they try and go short in a stock which I think it is great."
Paraphrase: We have 100s of millions of people who have nothing set aside for their retirement. And along comes a platform that has millions of investors....And yes, they will lose money as every investor does. Just shine transparency on it.
And, finally, he made the argument that CNBC ignores, that GME now has a new lease on life:
"How do you know that Gamestop executives are not going to take advantage of this situation and make a pivot just like Netflix did when they were shipping out CDS in the mail?"
Anchor breaks in to say they need to protect "the little guy" from the "big guy" (which is a joke since they only care about the "big guy.")
"The only person I care about are the people who lost their jobs. . . I really don't care if a few hedge funds go to zero. Who cares?"
Anchor: what about the kids who take the stimulus checks and put it on margin and could go to bankruptcy:
"They didn't learn investing in high school so let them learn in the real world." A FUCKING MEN
Have a great day everyone.
www.capitalmind.in
