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I just get the feeling that a lot of people will get burnt when this is all over and this guy will be a millionaire.

Rules #1, 2 and 3 are don’t invest what you can’t afford to lose. Some people put their money in the hands of experienced fund managers like Mr. Left at Citron who’s lost his clients billions because Citron et al were overly greedy; some people decide to take the risk into their own hands. In both cases, investors decided how much of to put in, and could have lost everything.

I’m sure Mr. Left did everything he could to reassure his clients, cursed and screamed while he lost them billions, and eventually went home in his fancy car to a posh house and an expensive dinner. Democratising the risk takes power away from reckless fund managers like him.

Edit2- I guess what I’m trying to say is I feel 0 pity for that shithead, some pity for his investors, and shared anxiety for the new retail investors. Those last ones are the only ones who really have any truly free choice this time though.

Edit3- curtailing rant.

For context, CNBC’s productions:

https://m.youtube.com/watch?v=vyXhkItwxP8

Edit- also CNBC:

https://mobile.twitter.com/SquawkCNBC/status/1354386200157675521

Market manipulation? 🤔🤔

2/2

Wsb open letter about CNBC and other media coverage. Not of my authorship, the views expressed therein are their authors’, sharing for wider discussion here.

Over $1.2 billion dollars.

That’s how much Ryan Cohen, who bought a stake in GameStop last year with the project of turning towards online sales more, has seen his net worth grow just on GME.

Tons of publicity leading up to a PS5 delivery today. What would it take to make GameStop compete with the likes of Amazon? An extra few billion in valuation can’t hurt.

Lol. Depends. I can buy a few off you, will round the price to an even £10/share. :P

Sell 3 shares tomorrow, get your investment back and have a nice meal. With 57 shares at current prices, you’ll have $2800 left.

@mancub @MrBaklava

If anyone wants to complain about being denied services earlier today... wouldn’t suggest using this persons wording but food for thought.

“These are not normal times and while the (Reddit) ... thing is fascinating to watch, I can’t help but think that this is unlikely to end well for someone,” Deutsche Bank strategist Jim Reid said.

Front page news. Reuters’ reporting is going to shit. Time to short!

https://www.reuters.com/article/idUSKBN29W131

LuFGuSS - why are we watching this play out instead of piling into a London-listed stock that’s being shorted?

Based on the golf club thread, kitchen thread and current projects, there’s no shortage of cash sloshing around the forum.

If you have a stock in mind I’m interested in hearing more. GME is the perfect storm of a known company that did well a few years ago, but is declining as are most brick and mortar businesses, and had their stock soft-manipulated by a publicly dickish hedge fund manager who was actually out on such a long limb that it was easy pickings for an angry, bored subreddit.

That said, it’s a legit way of making a living if you buy for pennies and sell for pounds. 🤔

This is the guy who started this madness. Went into GME a year ago with approx $50k, sold some to buy more, and is now sitting on >$20 million.

Key word is sitting. He hasn’t cashed out. It’s crazy.

Halted because volatility, lots of chat about CNBC manipulating the market with a news piece... drama but seems the wsb horde and others are hodling ...

.

So what’s their exit strategy? It looks like a blank cheque, how do they cash it?

Here goes the bell...

Beans on toast, quesadillas spring to mind as two easy dishes, but you may want to keep it for something special.

Edit- if you have a non-meat hotdog sausage alternative, Chilean ‘completos’ work really well with a nice sauerkraut. The bread is similar to a hotdog bun, then you’d have your non-meat alternative, topped with freshly chopped red tomato, avocado, mayonnaise, and the sauerkraut tucked to the side of the bun so it’s not lost in the avocado.

GameStop is getting next shipment of PS5 consoles tomorrow. Should make for an interesting 48hrs.

So this WSB effort is taking money from ordinary working folks and giving it to a few hot-heads.

Can’t tell if this is tongue in cheek.

Legends.

What’s the likelihood of collateral damage from the short sellers going bust? Obviously their employees are screwed, but will it impact on other companies whose stakes they hold?

Pro tip: there's an option in each search to set the seller type to "Private"

Good shout, thanks!

20,000 death best case scenario.
50,000 death worse case scenario.

Surpassed in April and June, respectively.

Western countries showed our biased view of reality when our leaderships disregarded Asian experience in controlling SARS and especially MERS.

The view that COVID was a completely unprecedented and unforeseeable catastrophe is a logical fallacy IMO. There was plenty of medical experience with prior respiratory viruses to be able to anticipate the virus’ potential to propagate and cause harm, but would anyone have foreseen the abject denial and incompetence that brought the entire world to a halt? We shouldn’t let our elected leaders act like there was no way of knowing what would happen. They chose to not listen or not seek out the info. they were required to. They chose to accept those leadership positions, we should not let them shirk their responsibility for the consequences of their actions.

Also, one is mandatory and the other is an optional luxury for far too many people.

Especially factoring in the elite tiers:
Entry level- Health Insurance
Yuppie level- Health and dental
Gentry level- Unlimited health, dental and vision
0.1% package- all the above plus mental health

Edit- in some rural places (deepest Appalachia, Alaska, New Mexico...) teeth are still considered luxury bones.

https://99spokes.com/bikes/basso/2019/astra-disc-frameset

Seems like it is 86.5*41 press fit. 2021 version on Basso’s website is also that size.

I think in the last year or so eBay has become steadily more like modern Amazon: filled to the brim with pro sellers in China instead of normal people and small local businesses. It’s cheaper than Amazon so it has its pros, but it’s a damn shame.

Who is actually behind this? I get it that Citron pissed people off and that guy on Reddit who made 8 figures in a year had a lot to do with it, but is it that straightforward?

Trying one in the pantry and another in a cupboard. Not entirely sure how I’m going to monitor the humidity levels, but they both have bowls of water under them for the time.

Any tips for a first timer? 😅

Edit- have you heard of yoghurt or kefir being used as an acceptable culture? My mate and most other resources I find don’t recommend it but I’m curious. Not going to try it until I have my mind wrapped around fundamentals though.

Edit2- I’ve been (slowly) reading Marianski’s book, so I have some basic understanding.

What’s your fermenting setup?

Bactoferm for both! I have a(n amateur) salumist friend who hooked me up. I shouldn’t end up poisoning myself with these things, but the possibility does add another bit of excitement during lockdown.