OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[trillbanker]

I would keep a rider in GME to see how things play out with console release. Store closures and a higher mix of online-driven sales (without store overhead). That plus general trading dynamics of being a stock with high short interest and eventual need to cover.

 

[johnnyredstorm]

I like the company and if your planning on holding then I'd think you'll be fine.. how's the new baby? You guys make it back home?

Yup been home since Saturday. It’s been fun. She cluster feeds all night but she’s been sleeping more past two days.

I like the idea of frog so I don’t mind letting it die on me and just tripling my position eventually (only have 5 shares so it’s nothing right now).

 

[iheartboost]

I would keep a rider in GME to see how things play out with console release. Store closures and a higher mix of online-driven sales (without store overhead). That plus general trading dynamics of being a stock with high short interest and eventual need to cover.

It's crushing the previous 52 week high.

 

[アミーゴ]

If Starbucks is bought by Nestle, please don’t arrest me

 

[ShoeGod1423]

Yup been home since Saturday. It’s been fun. She cluster feeds all night but she’s been sleeping more past two days.

I like the idea of frog so I don’t mind letting it die on me and just tripling my position eventually (only have 5 shares so it’s nothing right now).

Glad to hear pimpin glad everything went well and you guys are home.

And yah I want in just gonna watch it for a bit and see what the price movements going to be.

Snow has traded it's entire float already and it's only been a little more then an HR.. crazzzy

 

[MetalMario]

Oh really? Ol Evil *** corporation Nestle

 

[Betonblck]

I'm gonna chill on SNOW. It just doesn't sit well with me knowing that Warren Buffet and them were able to get in at $120/share and I would have to pay more than double.

 

[lazyj10]

Buffet isn't a day trader, or a trader even, and that's how private placements work. If/we had a couple hundred million to throw at the company, rest assured we'd get that IPO price too. The indicative interest drove the opening, which I still can't even believe how much of a pop they got...they traded over 28m shares in an hour?

 

[wballz]

Buffet isn't a day trader, or a trader even, and that's how private placements work. If/we had a couple hundred million to throw at the company, rest assured we'd get that IPO price too. The indicative interest drove the opening, which I still can't even believe how much of a pop they got...they traded over 28m shares in an hour?

100% of the floating shares lolol...

 

[アミーゴ]

Oh really? Ol Evil *** corporation Nestle

Nah there’s a lot of corporations way more evil - that Swiss company has been printing since the 70 lows

The Sbux deal has worked out so well

 

[lazyj10]

I flirted with SBUX around $72-77. Missed that one!

 

[nachobroadweezy]

Snowflake too rich for my blood. Will wait patiently

 

[johnnyredstorm]

Frog around 65 isn’t so bad. 50% growth, cash flow positive basically.

 

[sohi 23]

Sold some Tsla and Copped 100 shares of Frog

bout to sell some more Tesla and cop some shares of snowflake. Want to wait til the price drops a little tho lol.

 

[johnnyredstorm]

I’m not buying snow until the lock up and the liquidation event after. This will be $100 then.

 

[noskey]

Guh Powell is turning the whole market red right now.


Except NKLA **** that vaporware company. Give up the ghost, Trevor.

 

[iheartboost]

I’m not buying snow until the lock up and the liquidation event after. This will be $100 then.

This is when ill dive in.

 

[アミーゴ]

Hope this market BLEEDS through end of year, much needed

 

[noskey]

Whitney Tilson straight up calling for Trevor to be locked up Come on GM, do the right thing and say you were defrauded by NKLA too. Save face and sink them. NKLA about to go downhill just like their gravity-propelled truck.

 

[xbiker47]

Hope this market BLEEDS through end of year, much needed

I don't see how we don't get a tech pullback again

 

[johnnyredstorm]

A correction to 9700 would be wicked but so healthy long term.

 

[2163O1baller90]

tay1 I'm still holding till rod

 

[tay1]

tay1 I'm still holding till rod

Same here. Possibly until a partnership. Pre market booming right now

 

[206to813]

I have a stupid/novice question. I was reading PURU's pinned tweet on his investment philosophy. He says he does not trade, he buys and holds stocks he believes will grow 10x in 10 years. He holds through the ups and the downs. I get that, and Chamath's post on investing 101 this week echoed this. And I get the idea that nobody can time the market correctly, anyone who tries will come short versus buying/holding.

But if this is someone's full time job or even part time and you need $$ out of it, how is buying and holding working out for them? When you have monthly bills to pay and mouths to feed? Other than dividends which is peanuts. I guess they buy and hold for long term and just trim when they need cash?
My thought is if you categorize yourself strictly as a long term investor, as Puru is, then that means you're not really making money on investing (to pay bills and have cash). But you're growing the value of your portfolio for whenever the day comes that you'll sell...
Am I on the right track?

 

[tkthafm]

They sell a certain small % to pay for their living expenses every year, but they have enough capital and high enough returns that it offsets whatever they sell so the portfolio keeps rising in value overall.