(01-27-2021, 10:34 PM)mal234 Wrote:

(01-27-2021, 08:42 PM)KingIngram052787 Wrote: At the end of the day, if you're going to play this gambling game, and it is gambling, just don't risk what you're not comfortable losing.  If i'm taking a risk on an investment, i.e. a gamble, I just assume I'm not getting that money back and that's the amount I'm comfortable using.

I don't do that often, most of the time I am buying what I believe are long term investments, so I'm typically spending money that I don't believe I will need for a long time, but eventually expect to get back.  That's also not always guaranteed, but over time, there are strategies that tend to work and make you solid/moderate returns as you let them sit for 10-20 years.

Oh yeah, I definitely not try to invest more in a stock than I can afford. I have said "too rich for my blood" several times when it comes to investing in various stocks. I look up what the upsides, projections for them are for a certain amount of time (like over the course of a year) And at some point if I think it's better off to try buying/loading up on that stock, I definitely stop. I usually invest in a lot of penny/cheaper stocks, but I am going to start investing in more longer term options as well.

(01-27-2021, 09:40 PM)StroudCrowd1 Wrote: Suits trying to shut down WSB. Poop about to hit the fan. AMC and NOK are going to absolutely explode tomorrow. Censorship has awaken the Kracken.

NOK and AMC were two stocks that I have seen multiple sights suggest investing in. I haven't invested in either one of them either, because I was a bit skeptical about how well they would do. But maybe they will have big days tomorrow if people keep driving/drive up their price.

I actually saw someone someone post a post, that looked like it was from wallstreetbets. (Though, it looks like they may have been banned from reddit). The post mentioned Genius is next. I sold most of my Genius stock once the price fell down quite a bit last year. But I have a very small amount of shares left. If they really do drive the price of Genius up, maybe they will make it rain with the 8 shares I have left lol.   I decided to keep a small amount of shares in case the stock ever rebounded. My average cost of shares is like $3.88. I did just see it went up like a dollar today. If they do try and drive it up, I wonder how far they will drive it up. I also saw people post what looked like quotes from Nasdaq CEO, that they will possibly halt trading if a stock looks like it's being driven up artificially. And that they will possibly monitoring social media chatter to do that. 

So maybe that will halt what people may try and do with stocks like Nokia and Genius tomorrow. I am interested in seeing what happens. I am scheduled to work a little later tomorrow, so I will be checking to see what possibly happens with Genius tomorrow. I'm not saying I will help people run it up, but if they run it up, I will cash out the few shares I have if there is a big profit to be made lol.

Looks like the suits are trying to drive the after hours price of NOK and AMC down to scare people off. I think it will have the opposite reaction. Tomorrow will be fun. This is fun. Is it sustainable? No. It's no different than going to Vegas. Just bring what you are willing to flush down the toilet and hope you might win.

I mean, if you don't get greedy, there is some kid out there who will take the stock off your hands after a modest profit.

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