Fifth Avenue Forum

I realize nothing because I don’t understand any of this

Why do you care so much? I'm confused. Some people will be left holding the bag... that's the nature of the beast. Alot of people are also going to make alot of money in a very short period of time playing the game that wallstreet plays all the time. What's the big deal?

I also have no problem screwing the short sellers. I do think it's problematic how this train is seeming to focus on trying to get more people in on the charade though.

And to Kenny’s point, if these sort of short squeezes are just a fad, it’s fine. But if it becomes a daily occurrence, the market in general is going to hurt just because of the volatility

People are dumb, they don't understand complicated things. They think complicated stuff is just the man screwing them. They are getting convinced that these stock bubbles is some sort of david / goliath thing. And you have choads like Barstool Sports guy telling them this story, and of course all the people (like those in here) that are in early and think they are screwing the man too. Trying to rally a stock is not screwing the "man".

Why do you care so much? I'm confused. Some people will be left holding the bag... that's the nature of the beast. Alot of people are also going to make alot of money in a very short period of time playing the game that wallstreet plays all the time. What's the big deal?

If you want me to be totally honest, your very cavalier attitude is the big deal. Two days ago you didn’t know what margin was, and now you are waxing poetically about the nature of the beast.

This morning on my gf’s facebook feed, there was a friend of ours asking about how to get into robinhood because he needed money. The dude has been out of work during the pandemic and didn’t have two nickels to rub together even before the pandemic, and now he’s got people on facebook telling him about how great it is that robinhood gives you free stock when you sign like, like its a god damn casino handing out $25 of free slot play. But hey, that is the nature of the beast if he puts in a couple hundred bucks and loses them on some stupid wild bet fueled by sentiment on the internet.

In general, 5af is composed of relatively well to do people in their 30s with relatively established families and relatively well established careers. We generally finished school in the middle of the financial crisis. We have all benefited from a decade of good returns on our 401k, largely thanks to the Fed’s never ending stimulus. We all have benefited from mortgages in the 2 or 3% range becuase of the Fed’s never ending stimulus. We have it good right now. Except for a few months back in march (before more never ending stimulus) we got a quick taste of volatility, but that is the only market trouble we have experienced as adults. Volatility sucks, it is dangers, and it can cause serious financial harm to every day people like you and me.

I don’t have a dog in the race. I don’t work in the markets and I no longer dabble in the market like it used to. I’m not a hedge fun fanboy, and I don’t give two shts about them losing money. But i am an avid reader of business news and an avid reader of business history. Bubbles based on no logic are dangerous. Short squeezes are dangerous. They used to be popular when the market was far less regulated and they aren’t as frequent as they used to be. I’m no expert on them, but i know enough to know that they can end badly.

And to Kenny’s point, if these sort of short squeezes are just a fad, it’s fine. But if it becomes a daily occurrence, the market in general is going to hurt just because of the volatility

I have seen post after post after post over on WSB saying this is a once in a lifetime thing. Most are fully aware this is an anomaly and not how the market typically works.

Why do you care so much? I'm confused. Some people will be left holding the bag... that's the nature of the beast. Alot of people are also going to make alot of money in a very short period of time playing the game that wallstreet plays all the time. What's the big deal?

If you want me to be totally honest, your very cavalier attitude is the big deal. Two days ago you didn’t know what margin was, and now you are waxing poetically about the nature of the beast.

This morning on my gf’s facebook feed, there was a friend of ours asking about how to get into robinhood because he needed money. The dude has been out of work during the pandemic and didn’t have two nickels to rub together even before the pandemic, and now he’s got people on facebook telling him about how great it is that robinhood gives you free stock when you sign like, like its a god damn casino handing out $25 of free slot play. But hey, that is the nature of the beast if he puts in a couple hundred bucks and loses them on some stupid wild bet fueled by sentiment on the internet.

In general, 5af is composed of relatively well to do people in their 30s with relatively established families and relatively well established careers. We generally finished school in the middle of the financial crisis. We have all benefited from a decade of good returns on our 401k, largely thanks to the Fed’s never ending stimulus. We all have benefited from mortgages in the 2 or 3% range becuase of the Fed’s never ending stimulus. We have it good right now. Except for a few months back in march (before more never ending stimulus) we got a quick taste of volatility, but that is the only market trouble we have experienced as adults. Volatility sucks, it is dangers, and it can cause serious financial harm to every day people like you and me.

I don’t have a dog in the race. I don’t work in the markets and I no longer dabble in the market like it used to. I’m not a hedge fun fanboy, and I don’t give two shts about them losing money. But i am an avid reader of business news and an avid reader of business history. Bubbles based on no logic are dangerous. Short squeezes are dangerous. They used to be popular when the market was far less regulated and they aren’t as frequent as they used to be. I’m no expert on them, but i know enough to know that they can end badly.

Oh... teenagers can sign up for RH? Weird...

We also understand that a lot of people are holding their positions - even after a squeeze - correct? That's what helps these companies moving forward. Let's not pretend that GameStop, Tesla, etc. aren't going to be able to take advantage of their new positions.

I'm going to take my initial investment in GME and immediately buy shares to hold long term, because everything I've heard from Cohen sounds like his guys are going to move GameStop in a very good direction if they can execute it. I'm not going to bet against the guy that took Chewy to compete against Amazon, just like I wouldn't bet against Musk and Tesla.

We also understand that a lot of people are holding their positions - even after a squeeze - correct? That's what helps these companies moving forward. Let's not pretend that GameStop, Tesla, etc. aren't going to be able to take advantage of their new positions.

I'm going to take my initial investment in GME and immediately buy shares to hold long term, because everything I've heard from Cohen sounds like his guys are going to move GameStop in a very good direction if they can execute it. I'm not going to bet against the guy that took Chewy to compete against Amazon, just like I wouldn't bet against Musk and Tesla.

Did you see the new Model S steering wheel?? Yowzers

I get the analogy... monkey a machine gun n'at.

You say they're doing it to protect people... I say they're doing it because they're under pressure from the powers that be. We don't know who is right, and likely never will.