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Nzoner's Game Room>Investing megathread extravaganza
DaFace 11:23 AM 06-27-2016
A place to talk about investing stuff.
[Reply]
MTG#10 05:33 AM 03-02-2022
Originally Posted by -King-:
So basically....you don't know what you're talking about and this is a wish list?
The part you cherry picked about him dropping hints is pretty obvious but no I don't know for a 100% fact he didn't just accidentally throw the word "legally" in there. The rest of it I do know what I'm talking about because math.
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lewdog 07:20 AM 03-02-2022
Originally Posted by MTG#10:
The part you cherry picked about him dropping hints is pretty obvious but no I don't know for a 100% fact he didn't just accidentally throw the word "legally" in there. The rest of it I do know what I'm talking about because math.
Why hasn't it gone to the moon yet?!?!?!?
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-King- 08:43 AM 03-02-2022
Originally Posted by MTG#10:
The part you cherry picked about him dropping hints is pretty obvious but no I don't know for a 100% fact he didn't just accidentally throw the word "legally" in there. The rest of it I do know what I'm talking about because math.
Which word didn't he throw in accidentally?

"Right now, there are several data sources to reconcile, but as best we can tell, we have about the same number of individual shareholders now as we had a year ago at this time, in the neighborhood of 4 million individual investors who care about AMC's future. If you exclude index funds who have no choice but to own and hold AMC shares, individual retail investors would seem to own more than 90% of our officially issued 516 million shares as of today. Indeed, as it is often said about AMC on Twitter, retail owns the float.”
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MTG#10 04:36 PM 03-02-2022
Originally Posted by -King-:
Which word didn't he throw in accidentally?

"Right now, there are several data sources to reconcile, but as best we can tell, we have about the same number of individual shareholders now as we had a year ago at this time, in the neighborhood of 4 million individual investors who care about AMC's future. If you exclude index funds who have no choice but to own and hold AMC shares, individual retail investors would seem to own more than 90% of our officially issued 516 million shares as of today. Indeed, as it is often said about AMC on Twitter, retail owns the float.”
My bad, he said "officially issued" not legally. Same fucking thing. :-)
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scho63 06:58 AM 03-03-2022
Originally Posted by MTG#10:
AA just confirmed retail investors own 90% of AMC float. Insane.
That's not good for your dreams. :-)
The $40-45 shorts were right

Just like your Blackberry worth $20 and it's now $6
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petegz28 08:54 AM 03-03-2022
20 day SMA seems to still be trouble for both the SPYs and QQQs....
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petegz28 09:08 AM 03-03-2022
Point of note, the 50 day SMA has crossed below the 200 day SMA on the QQQs.....
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Buehler445 09:15 AM 03-03-2022
Got out of Snap on. Not as much as I’d like to have made on a swing trade, but it was sitting on resistance and it was green so I pulled the chute.
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scho63 10:06 AM 03-03-2022
This market is weak. Too many dark clouds overhanging.

Sucks balls.
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louie aguiar 10:19 AM 03-03-2022
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
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scho63 10:21 AM 03-03-2022
Originally Posted by louie aguiar:
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
Cathy Wood sucks. She hit on Tesla and everyone thinks she is great. She has traded her fund down to shit.

She's been buying high and selling low.

She's a one hit wonder. Everyone can make money in a surging up market.
[Reply]
Rain Man 11:01 AM 03-03-2022
Originally Posted by louie aguiar:
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
Originally Posted by scho63:
Cathy Wood sucks. She hit on Tesla and everyone thinks she is great. She has traded her fund down to shit.

She's been buying high and selling low.

She's a one hit wonder. Everyone can make money in a surging up market.
I've got a little, and I blame this thread for that. :-)

She's getting hammered because the more speculative growth stocks are getting hammered the worst in this market. It doesn't mean that her individual picks are bad, but rather that her investment strategy is being shunned right now.

She made a comment that I kind of liked the other day. If I remember right there was some statement about short-selling her fund, and her response was something like, "It's a bad idea to bet against innovation." I tend to agree with that philosophy, so I'm hanging on even though I've got a bloody nose right now.
[Reply]
louie aguiar 11:03 AM 03-03-2022
Originally Posted by scho63:
Cathy Wood sucks. She hit on Tesla and everyone thinks she is great. She has traded her fund down to shit.

She's been buying high and selling low.

She's a one hit wonder. Everyone can make money in a surging up market.
Yeah, I think I may have bought into the Cathie Wood hype.
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scho63 12:09 PM 03-03-2022
Facebook is looking real sweet at 14 P/E
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myselff77 01:39 PM 03-03-2022
Originally Posted by louie aguiar:
Anyone else holding any Ark funds? They performed horribly the past year+. I keep thinking that it has hit a low and will rebound but it keeps finding new lows...
I wanted exposure to some stocks like CRISPR, but was not expert enough and didn't want to do the research to figure out what was best so I just put $1k into ARKG. Turns out Cathie was not really much an expert in it either and I am down 40%. It's in my Roth so I'll probably just let it ride and hope it turns around sometime in the next 20 years.
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