AMC flying. Great hold from the GME days.
AMC flying. Great hold from the GME days.
Currently 13% down. Can you punch your mate in the throat for me please?Originally Posted by niko_cee
What’s going on with bed bath and beyond. The guys on r/wallstreetbets appear to be going bankrupt over it.
https://www.bbc.co.uk/news/business-62607998
Now's the time to buy!
US student who’s family had $25m of disposable riskable capital available makes a shit load.
What an intentionally misleading title.
My S&N punt is looking poor, I’m hoping for a dip to about £10 so I can buy another bunch so my average entry price is about £11 but it’s fortunate I’ve been trading in and out to at least have some buffer profit.
If rolls Royce could avoid going bankrupt that would be good too.
I haven't had the full story yet so we'll see, there seems to be no liquidity in this thing at all.
So I finally got round to speaking to the tipster about Bay Capital.
The abridged version is it is essentially a punt on this guy who has a pretty good track record of building businesses and selling them for a fortune.
The direct tip came from another super rich guy [called Guy, although not Hands] who backed my mates' IT business. Reckons he made about £9m on the last thing he invested in with this Toms person. Obviously he probably stuck a lot in to get that, but, you know, that's the story. Buy and keep buying remains the tip, but only buy what you can afford to lose, natch.
Is him being about 104 not a bit worrying?
Yeah, you could take that view.
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We have our third venture, boys.
PM your bank details, Niko.
Buffett isn't exactly running start ups. But fuck it, I'm in already anyway. Might buy some more on pay day.Yeah, you could take that view.
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Alphabet (Google) down 9% yesterday, worse earnings since 2013.
Meta (Facebook) down 20% in premarket today after their revenues fell by $24 billion.
It's coming.
Thought: with Elon Musk currently in the process of destroying Twitter and Meta shares quite low, given they own Instagram and where you'd presume a lot of Twitter people will migrate (I know they probably already have it but they'll use it more), would Meta be a decent punt right now?
Wouldn't touch Meta with a barge pole. And Instagram isn't really a direct alternative to Twitter, more likely to be somewhere like Mastodon etc.
I was reading the latest Private Eye yesterday and it stated Meta have invested $15bn in this Metaverse shite since 2021 for a return of $30m a quarter and only 200k users, so no I wouldn't bother.
Thirded.
If I had to buy a tech stock it would be Google.
Today was mental, which was a shame as I didn’t actually have a lot to sell.
Was trying to punt my Rio tinto shares I bought a while back, and came so close.
Might’ve lost the bottom of S&M too, should’ve bought some to hold rather than just trading them repeatedly.
On the plus side, £5 breached.
What has Elon done? He's a populist twat so I'd probably buy shares in Twitter out of everything mentioned.
Twitter is delisted on Tuesday.
Making people pay for their verified status seems like a no brainer. They will piss and moan about not paying it, but half of them lose their entire relevance without Twitter verification, so it's actually a small price to pay.
Do you still have to be semi-famous to qualify or can any nugget with $8 get it?
The latter is the plan I think.
I've had a fun week of trying to get my broker to accept my shares from an ESOP into an ISA. I've been brought into the "PLEASE ACCEPT THIS SETTLEMENT DATE" chain which is a nice blast to my old working past.
Just had a look at Meta and @Boydy was right. It's insanely undervalued even with their bullshit Metaverse project. Zero debt. Plenty of cash. Only concern is ad revenue during the recession. I'm buying a few shares tomorrow and will probably keep going.
I think it will go the other way personally. If you are a grifter or professional mouth piece with a big following it is in your interest to pay. However Elon admitted in clips if you don't pay you are effectively shadow banned and I can't see that many people happy to pay just so they can post arse licking comments in the hope their idol picks them with a like or a retweet. More likely an exodus will happen I think.
I looked at that Mastadon thing the other day and only got as far as all this server bullshite before backing away forever.
I don't understand why someone with a net worth of $200 billion is wasting his time on this shit.
I firmly believe he didn't want it. He was running his mouth as usual, and decided to make a play to show he was serious (but not really) and wasn't aware that by a certain point you can't just back out of these things with publicly traded companies after tanking the share price.
It's because he's autistic. And also what Ben says. He backed out but at a point of no return.
Lol
His success is what I find baffling. He has all the hallmarks of being a retard surrounded by brilliant people.
His performance during the Thai Cave Rescue was his peak. When he tried to invent a mini submarine in 20 minutes and called the lead diver a paedophile when he explained why it wouldn't work.
He is successful because his family owned an emerald mine in an apartheid state. There are accusations he stole some of his college roommate's ideas regarding X and Paypal etc but I suppose we'll never know. For some reason people think he is a genius for doing stuff like electric cars but he is just the money man. I could have a billion quid and tell my R&D department 'make me a flying electric car', doesn't make me Einstein.
Tesla are already being donned by the big car manufacturers, unable to meet their production targets and the cars they are shipping are comically bad build quality.
Bodes well for the Vegas loop. Turn that place into a Centralia.
There is a degree of cope around what he is and has 'only' done, like anyone could have made the same returns etc. with the same backing, but he is clearly a complete flange, and that ultimately explains all of this stuff. Big Jeff Bezos has used his wealth to get jacked, have an affair, go to space, and buy a great big fucking boat. Elon Musk wants to be popular online, but he isn't funny or particularly interesting (he should post here lol), and 'Grimes' looks like a femboy.
She divorced him to shag Bradley Manning.
The fact people who like Musk basically amount to a cult in their validation and defence of him tell you all you need to know about what a weapon he is, successful businesses or not.
Just in case my opinion is needed to swing the balance, for clarification, I think musk is an absolute weapon.
He's clearly very gifted at something(s) to be worth that sort of money, but is also clearly a massive wazzock.
He's just like Bill Gates. Anyone with a brain can see it for what it is, but disableds and children will fawn over them and give them mega status.
Bill Gates was much more instrumental in actually making the product[s] that built his fortune. Steve Jobs would be a better comparison, but with Reddit instead of actual AIDS.
Thought I'd move stuff out of FTX with all of the panic. Put a SOL withdrawal in last night and it's still not moved lol.
And they've stopped processing withdrawals
Sam was the guy last year. Class to see this.
Can you transfer to another exchange? Or have they stopped that too?And they've stopped processing withdrawals
It's all withdrawals, crypto and fiat.
I almost never have funds in FTX but just moved some stuff in over the weekend.
Whenever I see the word fiat (sorry Italy) I'm always thinking crackpot.
Tweeted just now that they're working with Binance to sort it. They're fucked.It's all withdrawals, crypto and fiat.
I almost never have funds in FTX but just moved some stuff in over the weekend.
Bloody hell. Must have been toast.
Binance acquiring FTX.com but not .us so yes, absolutely fucked. CZ wins again.
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