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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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02-24-2021, 02:53 PM
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#11276 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
Thanked 1,022 Times in 450 Posts
Failed 54 Times in 30 Posts
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Aside from new console releases. When was the last time any of you bought anything from EB Games?
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02-24-2021, 04:33 PM
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#11277 | Ebisu Boss
Join Date: Apr 2001 Location: West Side
Posts: 4,048
Thanked 1,889 Times in 705 Posts
Failed 76 Times in 29 Posts
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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
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02-24-2021, 05:07 PM
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#11278 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,444
Thanked 3,338 Times in 1,467 Posts
Failed 240 Times in 64 Posts
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Originally Posted by Spoon  Aside from new console releases. When was the last time any of you bought anything from EB Games? | 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.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | 
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02-24-2021, 09:50 PM
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#11279 | | Willing to sell body for a few minutes on RS
Join Date: Oct 2006 Location: Vancouver
Posts: 12,074
Thanked 3,186 Times in 929 Posts
Failed 296 Times in 68 Posts
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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.
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02-25-2021, 09:13 AM
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#11280 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,434
Thanked 2,907 Times in 1,171 Posts
Failed 153 Times in 76 Posts
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not gonna fomo it this time, learned my lesson already, can't forget it one month later lol
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02-25-2021, 10:49 AM
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#11281 | | Where's my RS Christmas Lobster?!
Join Date: Feb 2011 Location: Coquitlam, BC
Posts: 884
Thanked 2,151 Times in 429 Posts
Failed 64 Times in 16 Posts
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Anyone else get in on the CCIV dip today?
__________________
Current Cars
2010 Mercedes-Benz E550 Palladium Silver[C207]
1993 Honda Accord Coupe LX Seattle Silver [CB7]
2000 Honda Civic SiR Vogue Silver Metallic [EM1]
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Scoots
01' Honda Dio 50cc [AF27]
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02-25-2021, 01:36 PM
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#11282 | Ebisu Boss
Join Date: Apr 2001 Location: West Side
Posts: 4,048
Thanked 1,889 Times in 705 Posts
Failed 76 Times in 29 Posts
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GME to the moon again?
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02-25-2021, 02:26 PM
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#11283 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Apr 2004 Location: Vansterdam
Posts: 8,093
Thanked 1,831 Times in 952 Posts
Failed 85 Times in 24 Posts
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Originally Posted by Obsideon 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!
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"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
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02-25-2021, 03:50 PM
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#11284 | | "Entertainment" mod.
Join Date: Feb 2009 Location: Surrey, BC
Posts: 5,119
Thanked 3,441 Times in 1,052 Posts
Failed 161 Times in 60 Posts
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Sold one to diversify into blockchain. Still got one to take to the moon.
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Borokusowagen.
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03-02-2021, 06:09 AM
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#11285 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
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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.
Last edited by Ulic Qel-Droma; 03-03-2021 at 04:19 AM.
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03-02-2021, 06:13 AM
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#11286 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Oct 2005 Location: Revscene
Posts: 9,640
Thanked 7,689 Times in 2,581 Posts
Failed 434 Times in 126 Posts
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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.
__________________ Quote:
Originally Posted by skyxx Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good! | 2010 Toyota Rav4 Limited V6 - Wifey's Daily Driver
2009 BMW 128i - Daily Driver
2007 Toyota Rav4 Sport V6 - Sold
1999 Mazda Miata - Sold
2003 Mazda Protege5 - Sold
1987 BMW 325is - Sold
1990 Mazda Miata - Sold 100% Buy and Sell Feedback | |
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03-02-2021, 09:07 AM
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#11287 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
Failed 62 Times in 18 Posts
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Originally Posted by Ulic Qel-Droma 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. | 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.
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03-02-2021, 11:44 AM
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#11288 | | My homepage has been set to RS
Join Date: Jul 2004 Location: V.Island
Posts: 2,102
Thanked 165 Times in 62 Posts
Failed 55 Times in 16 Posts
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paper hands, bruh
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03-03-2021, 12:14 AM
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#11289 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
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rkt to the moon this time?
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03-03-2021, 12:19 AM
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#11290 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,444
Thanked 3,338 Times in 1,467 Posts
Failed 240 Times in 64 Posts
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Originally Posted by chinook79 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.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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03-03-2021, 01:31 AM
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#11291 | | Even when im right, revscene.net is still right!
Join Date: Jun 2002 Location: Vancity
Posts: 1,365
Thanked 156 Times in 63 Posts
Failed 37 Times in 20 Posts
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Originally Posted by Razor Ramon HG 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
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03-03-2021, 04:14 AM
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#11292 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
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Originally Posted by GGnoRE 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. | 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. Quote:
Originally Posted by sonick 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. | 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.
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03-03-2021, 04:15 AM
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#11293 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,720
Thanked 5,581 Times in 1,516 Posts
Failed 869 Times in 293 Posts
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Originally Posted by 4doorVIP paper hands, bruh | Paper hands, perhaps, but diamond wallet, definitely.
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03-03-2021, 01:32 PM
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#11294 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,600
Thanked 4,045 Times in 1,233 Posts
Failed 129 Times in 79 Posts
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Originally Posted by Ulic Qel-Droma “diversification is protection against ignorance. It makes little sense if you know what you are doing.” -Warren Buffet
He said it best. | 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
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I'm old now - boring street cars and sweet race cars. | |
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03-04-2021, 06:43 AM
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#11295 | | RS controls my life!
Join Date: Mar 2012
Posts: 768
Thanked 562 Times in 245 Posts
Failed 62 Times in 18 Posts
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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  | |
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03-06-2021, 02:25 AM
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#11296 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,854
Thanked 17,671 Times in 5,916 Posts
Failed 291 Times in 187 Posts
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Well, there's nothing the current younger generation loves more than propping up losers... see: pretty much every gofundme
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03-09-2021, 10:08 AM
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#11297 | | My homepage has been set to RS
Join Date: Jan 2012 Location: vancouver
Posts: 2,447
Thanked 1,759 Times in 545 Posts
Failed 1,107 Times in 281 Posts
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Just curious how many are in GME on RS
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03-09-2021, 11:05 AM
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#11298 | | Performance Moderator
Join Date: Jun 2001 Location: Richmond
Posts: 16,854
Thanked 17,671 Times in 5,916 Posts
Failed 291 Times in 187 Posts
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Not me, fun to watch but geez I don’t have the stomach for that gamble
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03-09-2021, 11:14 AM
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#11299 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,444
Thanked 3,338 Times in 1,467 Posts
Failed 240 Times in 64 Posts
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Originally Posted by ilovebacon Just curious how many are in GME on RS | 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. 
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
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03-09-2021, 12:23 PM
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#11300 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 16,802
Thanked 9,487 Times in 4,140 Posts
Failed 429 Times in 227 Posts
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I've still got some.
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
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