OT - Dow plunges 1,175 - worst point decline in history - Page 211

mg2ride · #**3151** 01-30-2021, 08:28 AM

The more I read about this Reddit squeeze the more I realize how much it benefited the corporate suits. Certainly some of them got squeezed for shorting the stocks but the vast majority of shares in these companies were owned by suits. People with the experience and knowledge to profit heavily when the prices skyrocketed.

No question some of the Reddit crowd profited (my son made $2500 and a kid at work made $32K). But they took it from each other not from corporate America.

fa63 · #**3152** 01-30-2021, 08:34 AM

Amen.

Quote:

Originally Posted by mg2ride

No question some of the Reddit crowd profited (my son made $2500 and a kid at work made $32K). But they took it from each other not from corporate America.

shankldu · #**3153** 01-30-2021, 10:26 AM

Big time by Friday !

ctcyclistbob · #**3154** 01-30-2021, 10:32 AM

Quote:

Originally Posted by shankldu

Big time by Friday !

How do you know that?

shankldu · #**3155** 01-30-2021, 10:38 AM

The math says so as well as , people in the know are sayin so , the level of it will depend on robinhood etc lifting restrictions .but all the math says so . I figure long term its recommended anyway .

akelman · #**3156** 01-30-2021, 10:39 AM

I'm pretty sure the OP is joking (I laughed). Either way, maybe mods oughta consider deleting this thread, because, given all that's happening at the moment, it could lead to some unwanted attention/maybe even litigation for the site.

akelman · #**3157** 01-30-2021, 10:40 AM

Shows what I know.

Blown Reek · #**3158** 01-30-2021, 10:49 AM

I know that I come to cycling forums for financial advice. I just YOLO'd my entire PPP and stimulus- diamond hands, $420.69 and all that. To the moon!

AngryScientist · #**3159** 01-30-2021, 10:51 AM

merged. let's keep OT financial chitchat in this thread.

also - i dont even know what we're talking about here. i'm heavily invested in rim brake bike parts. hoping for a big cash out for retirement. we'll see how that works out.

Clean39T · #**3160** 01-30-2021, 11:01 AM

Quote:

Originally Posted by AngryScientist

merged. let's keep OT financial chitchat in this thread.

also - i dont even know what we're talking about here. i'm heavily invested in rim brake bike parts. hoping for a big cash out for retirement. we'll see how that works out.

I'm very long SMPS but diversified between carbon and steel rails. I'm a bit young to be all-in on them though. See how it plays out.

tbike4 · #**3161** 01-30-2021, 12:10 PM

Sheriff star hubs. I'm all in.

mg2ride · #**3162** 01-30-2021, 06:57 PM

Quote:

Originally Posted by shankldu

Big time by Friday !

Since we are giving specific stock advise: Short TSLA. The suits are going to be pissed at Elon and will make him suffer.

Disclaimer: if you take stock advise from me you are an idiot. But no, really, short TSLA. Let's see if the Reddit crowd has the cash to squeeze that.

Tony T · #**3163** 01-31-2021, 07:06 AM

The "suits" are laughing at how easily they deflected the 'credit' for the squeeze to Reddit, and how big money is not behind it, but the $600 stimulus checks.
Squeezes don't last too long, GME, KOSS, etc, should be over this week.

oldpotatoe · #**3164** 02-01-2021, 06:07 AM

Quote:

Originally Posted by AngryScientist

also - i don't even know what we're talking about here.

Boy, you and me both. I'm impressed by some of y'all typing skills(with the Ginormous posts)..

Geez, I thought bike, fly fishing and gun people were 'obtuse'...yeegads.

Tony T · #**3165** 02-01-2021, 04:12 PM

So, will the Reddit guys say when to sell, or will they be buying to the bottom?
I think the GME squeeze will end soon.