Gamestop

[Felix]

I got back in at 70 today lol

[Broco]

Ryan Cohen (ryancohen)

Nate Anderson (ClarityToast)

[Broco]

Story checks out. Strong technical indicators. The “swirly helix” pattern is a good omen

[cylindrome]

has someone done the astrology meme but with like black-scholes formula, bearish/bullish wedges, pennants, cup-with-handles and whatever hundreds of other reliable patterns you can find investopedia articles discussing at length

[the_kyphosis_gamer]

Bull & Moon

this is sorta fake just some art collective thing but its a real app. i downloaded it one day but never opened it.

also i got a sponsored instagram post from these guys https://www.instagram.com/alchemy.fx/?hl=en which is on the same wavelength???

[cylindrome]

oh whoa. yeah, those are pretty wild

to be clear the “astrology meme” i had in mind was the “fuck off i don’t believe in that made up nonsense” / “so true!!!” template, but these are a lot more hilarious and interesting

[artee]

I wonder what Stockfish has to say about this situation.

[Mr_Mechanical]

An Ancient Greek Approach to Risk and the Lessons It Can Offer the Modern...

Yves here. Notice that a considerable portion of this article about how the Greeks dealt with risk describes their use of omens. We moderns have put that behind us, right?

Not really. As a journalist friend who conducted many profiles of top-level Wall Street figures (and therefore others in their circle) said, “Wall Street runs on sex and psychics.” I only spent a little time in and around the New Age, but even so, met full time psychics, one on the payroll of Morgan Stanley, the other Disney. Both were regularly brought into executive-level meetings (one as a member of the HR department, the other as a marketing consultant). Similarly, quite a few of the professional money managers I know use astrology in deciding when to put on trade, not because they believe in it but enough investment professionals do that it affects market action, and they feel they need to be mindful.

For any Fortune 500s reading this I can do Tarot and I-Ching readings, runic divinations or develop a custom made system to suit your specific needs my rates are very affordable don’t hesitate to get in touch.

[wourme]

Kjetill Stjerne 🌿 (KjetillStjerne)

[Felix]

I got out yesterday, a perfectly executed doubling

[geist]

this guy’s twitter is fucking hilarious, and I’m pretty sure he deleted it after the first round, where he said GME was going over 1k 100%, and then said or pretended he had a 650 million dollar long position in solidarity with the masses or whatever

[wourme]

Yes, that is the one who made the big claims and predictions and then disappeared for a few weeks.

Kjetill Stjerne 🌿 (KjetillStjerne)

I’m not sure why I’ve found it so entertaining to follow this person in particular and also read some of the random comments on wallstreetbets. Maybe I’ve just been too isolated and it feels like some sort of connection to the larger world?

Either way, I just assume that no one is authentic or knowledgeable but simply trying to get others to push up their investments or mess with people/the system. But even that makes it fun.

I’ve held on to my minuscule stake in GameStop, watching it alternate between positive and negative.

[Broco]

Ponzis and bitcoin as a response to a bad economy: the case of Nigeria

many of the Nigerians who are involved in ponzis are self-conscious ponzi investors. That is, these aren’t dupes. They know the nature of the game they’re playing.

For instance, 66% the university students that Bupo & Adam Smith surveyed were aware that they were participating in a scam, one that would soon crash, but they played anyways, presumably because they believed they were skilled enough to get out before the end.

Canada and the US also have problems with inequality and poverty, albeit not as extreme as Nigeria. Our economies have also been hit by the biggest shock in decades.

But unlike Nigeria, Canada and the US have well-developed capital markets. So when desperate Canadians and Americans look for long shot life-changing bets, they needn’t limit themselves to traditional gambles like lotteries, casinos, or online poker. Online brokerages like Robin Hood and Wealthsimple make it easy for us to make hundred-to-one bets in options markets or leverage up on Tesla or GameStop stock.

There is a silver lining.

Traditional ponzi schemes are often run by scammers rather than honest game managers. In an honest ponzi, 100% of the invested funds are paid out by the manager before the game closes down. But in a ponzi scam, the game manager absconds with the pot. And so ponzis often collapse before coming to their inevitable, natural end.

Cryptocurrencies aren’t run by a central game manager. As long as players custody their own coins, there is no one who can abscond with players’ funds. So a desperate Nigerian student who wants to make a potentially life-changing zero-sum bet may do a bit better buying ₦10,000 of bitcoins than putting ₦10,000 into the next version of Ultimate Cycler, since bitcoin is more secure.

[Rudie]

lol

[rasterradio]

I bought in early March at 135, probably should have sold when my shares were worth double

Still holding nine for now and I might swing the stock for a while.