Aside from new console releases. When was the last time any of you bought anything from EB Games?

Even the most recent console's I bought from Best Buy. I haven't stepped into an EB since I sold my old games for pennies haha

Bought a new XSX controller and Switch joycons from there recently.

I am biased though. I made money off GME last month, so I figured I might as well shop there if I can.

I rarely ever go inside EB games but the last time I remember going was to see how much they would give me for a brand new sealed Call of Duty: WWII given to me as a gift. I was shocked by the offer they gave me which was I think maybe $5 or less? but the game was worth $70-$80. What a fucking ripoff.

Thankfully my friend found her receipt and I was able to exchange it from where she originally bought it.

not gonna fomo it this time, learned my lesson already, can't forget it one month later lol

Anyone else get in on the CCIV dip today?

GME to the moon again?

Lol shit we doing this again? I'm sitting back and watching, not even going to attempt. It was always a high risk high reward play and I'm ok with that depending on the stock but this is just one of those where I'm taking a hard pass. No FOMO!

Sold one to diversify into blockchain. Still got one to take to the moon.

I decided to sell every stock I own 8 days ago based on the second week starting pretty red and the bond yield news the week before and watching some others dump large positions, my gut saved me on that one.

I kept all my leap calls on cruise lines and airlines that I picked up back in Jan.
I also sold a buncha puts that expire in one month for CCL.
Those two are doing fairly well.

Did you buy back in yet? I am hesitant about the market too and pulled out early last week but markets had the biggest green day yesterday, and so I'm not sure if pulling out was the best move or not or if the worst is still to come.

Not trying to be rude but its crazy to me that you would swing your equity exposure from 100 -> 0 based on gut intuition and some discretionary signals. Either your stock portfolio must be a trivial portion of your total wealth or you have incredible confidence in your trading skills.

paper hands, bruh

rkt to the moon this time?

That dividend announcement did wonders.

I bought shortly after IPO and it's been stuck around 20-22 for ages.

I don't own it anymore, but thumbs up to those that stuck around for like the last 6 months.

also had a large position during ipo and held onto it for about 4 months with no movement and sold it all at a loss....gg

I have confidence in my trading skills.

It is very simple, I have large sums of profits that I am more than satisfied with. I would not like to give back much of it, and the last 2 weeks I have given enough back. That coupled with the “mass media” news spreading that yield news info around, and a lot of the sectors that I took my profits from are seeing red... and the downside risk is tremendous... The answer is obvious. The trade is over. Move onto the next thing.

Like I said a some weeks back that I am not a typical “investor”. I trade the market. I see opportunities, I enter them, I take my profits or cut my losses, and I run, and never look back. Always another opportunity somewhere else, it’s endless.

I’m pretty sure I’ve told you guys all that I average up. So that might change the picture a bit for you now that you know that.

“diversification is protection against ignorance. It makes little sense if you know what you are doing.” -Warren Buffet

He said it best.


Nope, and it’ll sadden you to hear this, but I will probably not be buying back in (at least that’s not the focus anymore).

I took profits mostly from the tech sector (aapl, Tesla, nvidia, tscm, umc etc), which of course is booming. I made my profits, and I’m out. For about a month now I’ve started to transfer money from my stocks to options around the “vacation” recovery stocks, such as cruise lines, airlines, casinos/resorts, and a bit of theatres. The majority of my money will be in this industry now until things start changing then I’ll re-evaluate. The last of the money was transferred from tech stocks to options on this industry when I sold the last of my stocks.

As for the techs, I do believe apple can double or triple in the next 2-5 years. And if I didn’t believe I could make much more much faster in the “vacation” industries now I would be holding apple and adding on every time it breaks out of some consolidation. It’s the one tech company I’d go all in if I could only choose one.

ARKX is another one I am excited to see come out. I might see how much I have in expiring options when they launch and move some money into that and give that a shot. It will be volatile for sure.

I don’t mind if the techs shoot higher. I don’t usually shop when stocks are “on sale”. As I’ve said before, if it goes into a range and then has a nice break to the upside, I may enter again, yes, at a higher price. I’d rather wait for that confirmation.

But my focus has moved to something else now, and everything else is just behind me. I don’t really fall in love with positions/stocks.

I treat all my securities positions like workers. As soon as I’m satisfied with them or they’re not doing a good job, I just get rid of them. And go look for new workers to hire, they ain’t my friend, or my lover. Once I’m done with them, they’re history. I move on to the next one, and don’t look back. Always another one around the corner.

Paper hands, perhaps, but diamond wallet, definitely.

Warren Buffet also publicly states over and over that he does not believe in timing the market and has held many of the same positions for decades. Cherrypicking one Buffet quote out of context does not lend any more credibility to your approach.

For what it's worth, nobody has ever gone broke taking profits, and you are of course entitled to your risk tolerance about when to take cash off the table.

However, I believe strongly that research is clear that one of the most important factors in overall return is time in market and generally speaking, people who go to cash between their tactical moves perform worse than those who just stay fully invested. This is intuitive if you believe that the market always move upwards over a long enough time horizon.

-Mark

Anyone invested in ARK funds from Cathie Woods? Seems like the sharks are circling around her funds now as investors are rotating from momentum/growth to value. Short interest in her flagship fund (ARKK) spiked from 0.3% two months ago to 3.5% currently. Flagship fund is also down ~20% from its recent high. Interesting that she recently called Zoom "probably undervalued" on a podcast which is trading at a forward P/E of ~100 and ~50 times sales with a market cap of 100B. For reference, FANG is currently at ~50 forward P/E and ~5 times sales. She's definitely not a value investor lol

https://zh-prod-1cc738ca-7d3b-4a72-b...?itok=f90FTxmz

Well, there's nothing the current younger generation loves more than propping up losers... see: pretty much every gofundme

Just curious how many are in GME on RS

Not me, fun to watch but geez I don’t have the stomach for that gamble

Was in GME on the first round, made a solid 7 bagger.

A couple of friends and I were waiting for GME to dip to 30-35 to re-enter for a run up to ER, but it never went that low.

Almost FOMO'd into it again at $60 and $70, but couldn't do it for some reason. My finger wouldn't click the submit order button.

FeelsBadMan

I've still got some.