LOL.  Reading wsb on Reddit is comedy gold.  They are freaking out because GME dropped another -20% or so in after hours trading.  It's hovering around $180 per share and falling.


This ladies and gentlemen is the stock market under President Biden.  A bunch of people in their basements thinking that with their few shares of a worthless penny stock it's going to somehow bring down the "big bad mean hedge funds" and they will somehow "make it big".  Others claim that it's nothing more than "disposable income" that they would have burned through in Vegas.

Meanwhile... 

(01-29-2021, 10:04 AM)HURRICANE!!! Wrote: You are obviously old school with your market opinions.  The times have changed and the market has been hot since April (after the crash).  Everyone has their strategies, which is fine, but you kind of have a grandpa's type vision of undermining the intellectual levels of our youth.  These kids are 10x smarter than we ever were at their age (and perhaps now) because we never had the incredible resources at our fingertips to educate ourselves according.

I know you like your 25% yield that you recognized in the past 6 months on Boeing but popular innovating companies like Tesla and Roku have seen their stocks up 400% during that same time period as are many others.  Heck, when Biden won, I just on weed, EV, and solar and already cashed in on those.  I do see an added 5-10% drop forthcoming so I may selloff and buy the dip in about a week.

Yes, perhaps I'm "old school" by following a proven strategy when it comes to investing.  Not that it matters, but my overall yield on Boeing is a tad bit higher than 25% since I do take profits when it's up and add to my position when it's down.  I didn't start my position when it fell like a rock last year because I thought that I would "become a millionaire" overnight.  Rather I know that the company has strong fundamentals and will rebound back to it's prior highs in the (then) future.  To use a popular phrase on Reddit, it will "go to the moon", just not overnight.  That's okay because I invest for the future rather than the "now".

I have often said that presidential policy does little to move the market, and I believe that for the most part.  The market will continue it's climb despite having an incompetent President in office, it will just climb in other ways.

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