I hear we should buy in again with a big spike coming.
I hear we should buy in again with a big spike coming.
itsridiculous wrote:
Our boy Roaring Kitty is now being investigated...could be interesting!
I haven't been a fan of this whole Gamestop saga but, quite frankly, that's horse poop. Everything the reddit bros did was out in the open on a public forum, there wasn't anything secret about it. If he is going to be investigated, they need to go after Musk as well, considering he makes a tweet and a stock or crypto go up 20%.
sub sub elite local hobby jogger wrote:
itsridiculous wrote:
Nah, only a moron would buy into GME at anything greater than 50 if planning on holding long term.
Only a moron would plan on holding GME long term, period. Because it's only a matter of time the company declares bankruptcy and gets gobbled up by private equity. Sure, maybe a hedge fund or two bites the dust. But the vast majority of hop-ons to this scheme will leave with much lighter pockets.
If you look at their financials I would say bankruptcy is highly unlikely in the next 3 years. That gives them enough runway to adapt their business model to the times. Who knows if that will be a success though.
sub sub elite local hobby jogger wrote:
itsridiculous wrote:
Our boy Roaring Kitty is now being investigated...could be interesting!
I haven't been a fan of this whole Gamestop saga but, quite frankly, that's horse poop. Everything the reddit bros did was out in the open on a public forum, there wasn't anything secret about it. If he is going to be investigated, they need to go after Musk as well, considering he makes a tweet and a stock or crypto go up 20%.
Even if it was out in the open, it can still be illegal market manipulation. There were some convictions on pump-and-dump schemes in the early days of internet chat rooms.
zxcvzvcx wrote:
To say that capitalism got us the vaccine and that gov't couldn't have done it without it is myopic at the very least. Gov't gave numerous corporations enormous amounts of money ($18 billion to vaccine research/$8 billion to COVID treatments) to do it, and took numerous steps to clear production hurdles, not enough but many. And then even Russia seems to have produced a vaccine that a peer-reviewed paper in the British medical journal Lancet says is 91.6% effective and 100% effective at preventing COVID hospitalization and death.
LOL and russia shares the vaccine with who?????? We have multiple companies that created vaccines due to the FREE MARKET, not one vaccine that according to Russian media can mitigate the serious effects of the virus. The day I start believing anything Russia does LMAO