/leftypol/ - Leftist Politically Incorrect

>>1861636
I'm holding some good amount of GME stocks, comrade. Just FYI.

>>1876506
>He will come and tell you to buy right at the top. Just wait and see.
This, stock advisors and "signals people" are not to be trusted, you are liquidity.

>>1876506
he probably will but he also told you to buy at the bottom so..

>>1876501
Mostly moving away from /leftypol/ these days but I figured I'd come back with a GME update (because I told you so).

So long story short, when this whole saga started the shorts didn't cover (like I said) and instead pushed their bad bets back using a financial tool who's name I can't quite recall right now. Essentially offloading risk for 3.5 years. When Keith Gill, aka Roaring Kitty/DeepFuckingValue came back, it was because he was aware of that due date expiring which would cause a runup in the price of the stock. So he's been on a posting storm and he's gonna do his first livestream in years tomorrow.

As it stands, a bunch of $20 call options for GME are gonna expire Jun 21st I believe, and it's highly likely he's gonna exercise them, which will force short hedge funds to locate shares and again drive up the stock's price. As it stands right now, it seems Hedge Funds are trying everything to kill FOMO.

Look at how high the stock price is shooting up vs the volume its trading at. As crazy as this sounds, I think we're finally in Act 3 of this insane saga.

>>1876506
>He will come and tell you to buy right at the top. Just wait and see.

Since this thing started I haven't sold a single fucking share. I've had people call me crazy or stupid or bad with money. I've had people laugh every fucking time the price goes down and huff that "Oh it's going to zero."

Throughout that I haven't sold a single fucking share. I've posted my position on here plenty of times. Anyone can judge me for it, but they can't say I'm not putting my money where my mouth is. Meanwhile the people calling me crazy weirdly enough never open up a short position. Like if I'm obviously wrong then you could essentially have a money printer by shorting GME. Of course you won't do that because you know, deep down, that you'll lose money on it.

Seriously there's no short thesis now other than to keep huffing "IT'S A DYING BRICK AND MORTAR! IT'S GOING TO ZERO FAST!" GameStop has no debt, tons of assets, $2 billion dollars in the bank and a legion of investors crazy enough to see decline in share price as a zero.
You know who else hasn't sold? Keith Gill. He could have half a billion dollars right fucking now, but he's holding out. Because he believes in the stock and so do I.

https://www.reddit.com/r/Superstonk/comments/1d9rq9t/gme_yolo_update_june_6_2024/#lightbox

>>1876624
I'm not a stock adviser. I'm a grocery store worker who saved up enough money to make a bet.

>>1876625
>he probably will but he also told you to buy at the bottom so..
I've been telling people to buy for over 3 years now. My message has been consistent: I genuinely believe in the short squeeze thesis. I believe that what happened over 3 years ago was a blip, and that the real squeeze is still coming. To some extent I feel like some guy telling everyone to buy bitcoin when it was worth just a few bucks. If people listened and held, then they could end up rich. All I need is for the stock to shoot to $1,500 a share (which is entirely possible) and I'd be a millionaire, before I'm even 30!

What people do with their money is their business. I've given people plenty of chances to get into what I think is a sure bet, and people called me crazy. We'll see who's right in the end, but I find it a little silly that people will get so mad about how I spend my money yet for all that haughty confidence they won't take a bet against me. It's like some asshole who talks shit at a bar then mysteriously says "Well I'd kick your ass but, uhhh, I don't want work asking why my fists are bruised in the morning." It seems like pussy shit. At least hedge funds are actually making a counter bet and being so smug because their livelihood's on the line.

Y'know I've thought a lot about what to say if it turns out I was right this whole time, and the truth is: nothing. I don't think there's anything I can say that will compare to the feeling of missing out on a golden opportunity. I still hear people sighing "Man, I wish I bought bitcoin when it was cheap." Coworkers and friends mostly. But they were only ambiently aware of Bitcoin. Me? I'm telling people directly about a unique stock opportunity, a once in a lifetime thing. There's never, ever, gonna be another GameStop. The flaws in financial markets it emphasizes will have to be fixed for the sake of Capitalism to remain working. It's a train to moneyville, and I've been holding the door open for over 3 years so as many people can get on as possible. For that, I've been called a whole bunch of nasty shit and mocked relentlessly. Well, the smokestack just started billowing, the pistons are trundling, but I think the door's still open for a few people. The question is whether you want to hop on, or whether you'll listen to the people at the station yelling that the only place the train's going is off a cliff.

If I'm right (and I genuinely think I am) then the haters are gonna spend the rest of their fucking life kicking themselves. Nothing I'll say will be able to top the uyghling feeling they'll get, forever, "Man if I just listened." Every time they have a rough day at work, or have to tighten their belt for financial reasons, or when they realize something they want isn't in their budget, they're gonna remember the fact that I told them about an alternative. That if they just constrained their ego and listened they could've been rich. Every rainy day, every shitty boss or customer, every bit of envy, they're gonna be thinking about this in the back of their mind.

Me? I'd given up on home ownership. I'm prepared to lose what I've invested. If I'm wrong, I'll get over it. I don't think that'll possibly compare to the lifetime of regret that comes with knowing someone once offered you a chance to buy bitcoin at $0.50 a coin, and you laughed and said it wouldn't even be worth half that much.

>>1878535
I believe ya, cpusanon. How do I drs my shares if I'm outside of america btw?

Did cpusa anon just started doing crypto or something?

>>1878550
Nah I invested in GameStop. The possibility of a short squeeze however means it could see extreme price movement/valuation even against what would be considered "rational" for the stock; in much the same way that Bitcoin is worth $50k despite most businesses still not using it.

>>1878549
I think this site has all the info you need.

https://www.drsgme.org

>>1878535
>I think the door's still open for a few people.

it's gone up to $45 now, I think any opportunity for people to jump in is over.

>>1878563
Depends how much they’re willing to invest and how long they’re willing to hold. If you spend $45 ($50 after hours last I checked) and that one share becomes worth $1000, are ya gonna look at $950 in profit as a bad thing? For the cost of a new video game you could buy a new graphics card.

>>1878535
so you dont think the sec or ftc is just going to jail roaring kitty and take his stocks for market manipulation on some bs technicality?

also what is your exit target or are you one of the never sell GME becomes the new currency and starts buying land and becomes its own government types

>>1878863
>so you dont think the sec or ftc is just going to jail roaring kitty and take his stocks for market manipulation on some bs technicality?

I imagine he’s being advised by lawyers that’ll keep him out of jail, I’ve got very little faith in the sec but it seems like Gary Gensler is at least a little sympathetic. As it stands I don’t see any case being able to hold water against Keith Gill, the fact that this also has elements of the bourgeoisie investing in GameStop means it isn’t just a straight “proles vs capitalists” kind of thing, there’s folks that could make it a real headache for the state if they try going after Keith Gill. I mean at the end of the day all he did was buy a stock he liked, and then shitpost a ton.

>also what is your exit target or are you one of the never sell GME becomes the new currency and starts buying land and becomes its own government types

I don’t think it’s gonna be “GME replaces fiat currency” but during the previous Volkswagen short squeeze it was briefly one of the most valuable companies in the world. Now for GameStop to get to that point it’d have to be around $8,870 a share. At that point my investment would be worth $6.6 million.

This is pretty unprecedented, and once the price starts skyrocketing you’re looking at uncharted territory. We don’t know when, if anywhere, this thing would peak. So I plan to let it ride a bit, and then sell on the way down.

Like that’s the thing; it ain’t going to to go from $61 (where it’s at rn) to $10,000 for a minute and if you miss that you’re fucked. There’ll be some dips along the way. I want to sell it piecemeal to maximize my chances of making a big profit, rather than all at once.

>>1878556
Short squeeze is a myth

What do you think about BBBY apes?

>>1878535
Just because you believe it and it's your money at stake doesn't make it real. You guys are holding the bags for people who've already cashed out of the scam. The only way for you to cash out yourselves is to get a second wave of apes to hold bags for you i.e. it's just a speculatory pyramid scheme

>>1878893
Keith Gill didn’t sell. Ryan Cohen didn’t sell. Again this is what I’m talking about; fucking vibes based analysis. You’re talking about people selling and everyone else holding the bags but you don’t have any evidence for that. You feel that people sold and the rest of us are holding the bag, and that’s as good as truth in your mind.

>>1878897
>Ryan Cohen didn’t sell

He didn't sell BBBY?

>>1878903
I’m talking about GME

>>1878906
So, he will sell when he sees trouble. Do you even look at what GME is doing as a company? Or do you just hodl?

Okay, let's assume the short squeeze exists in the room with us right now. Who's going to pay you your money? What, you expect the government to step in and bail you, bagholders, out, instead of eliminating your stock and awarding a victory in the dispute to squeezers?

>>1878909
He’s had plenty of opportunities to sell when GME was at a loss; BBBY is ultimately irrelevant. Cohen gets paid based off stock performance of GameStop and so does most of the rest of the board if I recall correctly.

Also pretty funny you’re talking about whether we actually pay attention to the company, because as of right now GameStop is profitable, has plenty of assets, $2 billion in the bank, and no debt. So where exactly is this short thesis coming from? “Uhhh the vibes say things will change! Cohen is gonna drop the company now that it’s profitable because… because he just will!”

Also the government just randomly deciding “this company with thousands of employees and plenty of assets has to be shut down because it’s worth a lot.” Is equally silly. It’s a great way to kill any remaining trust in America’s markets.

>>1878916
Oh and one addendum, the money will come from the shorts who, upon failing a margin call, will have their positions liquidated and the debt goes up the chain until it reaches the DTCC, which handles literal quadtrillions in stock transactions and holds $72 Trillion in securities.

>>1878897
>Keith Gill didn’t sell. Ryan Cohen didn’t sell.
So they have a vested interest in pumping up the stonk as high as possible before they do sell.
>Also the government just randomly deciding “this company with thousands of employees and plenty of assets has to be shut down because it’s worth a lot.” Is equally silly. It’s a great way to kill any remaining trust in America’s markets.
I'm not a financeologist, but if they can bail out banks to keep finance capitalism stable they I'd think they could absolutely step in and do some fuckery in this case, "trust" be fucked. But I imagine it would depend entirely on the internal power dynamics of the bourgeoisie, which I'm not privy to.

Of course, I'm still hoping you're correct and I assume there is some chance you are. Perhaps I even bought a little myself, who knows.

Like clockwork, he came to tell you to buy exactly at the top

lol 🤣😅😆

>>1879438
try adjusting the scale so its not over a six hour period

>>1879449
He said CPUSA anon said to buy at close yesterday and his graph shows from open today.

>>1879452
stocks tend to rise and fall genius that's what they do. now imagine if you bought 6 months ago

>>1879460
And you would've lost as much in one day if you bought yesterday.

>>1879019
>So they have a vested interest in pumping up the stonk as high as possible before they do sell.
<Investors try to see stock price grow
<This is somehow terrifying

>>1879438
>Like clockwork, he came to tell you to buy exactly at the top

I'm offering my opinion. I've bought at highs and bought at lows, haven't sold any.

>>1879449
>>1879452
I've never specified a time to buy. I just buy whenever its available. Thing is when the stock price is cheap I get called an idiot and crazy and told it's going down to zero. When there's momentum and the stock price is going up I get told I'm manipulating people. So there's really no winning.

>>1879460
Honestly I'm kicking myself for not buying more when it was at $10, but as it stands I've got a comfortable enough position already.

>>1879465
>And you would've lost as much in one day if you bought yesterday.

Then maybe buy now while it's at a discount? Unless this is gonna be the "final dip before it goes to zero" for the umpteenth-fucking-time.

Seriously, make whatever decision you want with your money; I'm a bit weirded out by this "CPUSA ANON IS TELLING US WHEN TO BUY" shit because in my OP I simply said I've told people to buy in for 3 years, I never specified a time, how many shares you should buy, etc. The only difference is positive price movement lends credence to my claim, which people turn around an accuse me of manipulating folks when the price is shot down.

Shit if DFV can get on a stream just to shitpost and tell people he's not worried, I'm gonna trust him.

https://finance.yahoo.com/news/gamestop-inspired-solana-memecoin-soars-215558570.html?
https://www.reddit.com/r/Superstonk/comments/1d9rq9t/gme_yolo_update_june_6_2024/?

So this DeepFuckingValues guy has nearly 600 Million USD invested on GME. What the fuck, that's crazy!
https://www.msn.com/en-us/money/markets/gme-short-sellers-may-be-forced-to-close-their-positions-ortex/ar-BB1nxrAr

Wild shit. I hope this thing blows the fucking roof out of the price and triggers a market meltdown.

It seems Gamestop does a dilution every time the squeeze seems like it's about to happen, staving it off. So on the one hand no gamma squeeze, on the other a ridiculously liquid company. The world's most interesting stock for sure.
funny how this whole thread is now about it, perhaps time to branch off?

https://www.thebignewsletter.com/p/economic-termites-are-everywhere

These termites are in the infrastructure or guts of business, like recruiting services, construction equipment or software, the industrial gasses that go into chemicals and electronics, and so forth. It’s the stuff you don’t see that makes our world turn, there’s fortunes to be made, and bottlenecks to foster.

They also explain a dynamic we all face, a profound wariness in our society, a sense that stuff just costs more and is more difficult, for no discernible reason. Added up, these end up sapping our faith in the American system, because they make what seem like simple problems become not just unsolvable, but not even capable of being diagnosed. In this issue, I’ll cover some of the companies you don’t realize are gnawing at the foundation of our society - Verisign, Autodesk, Linde, Assa Abloy, Gracenote, and LinkedIn. And yes, there are legal tools to address them. But first we have to realize that these bottlenecks are everywhere.

I've read the Saudi's have dropped the USD, or rather they've let their deal expire apparently… Why aren't we talking about this, seems like a major habbening?

>>1885376
It was just a deal. There's still a whole lot of inertia behind USD. Maybe if China forces exclusivity onto Saudis so that Saudis sell ONLY in Yuan then situation's going to change overnight, but as it is now - still a slow painful grind

>>1879460
DeViL hOrNs!! SeLl NoW! 666

Here is a simple guide for index funds I wrote for my dad, but thought someone else might benefit from it if you have a little savings and don't know what to do with it. (Obviously details only apply in the UK)

An index fund is a stock product which you can take out through Vanguard (www.vanguardinvestor.co.uk), you can put in up to £20,000 per year as a stocks and shares ISA (individual savings account) which means that you will not have to pay tax on the amount or on any increase in the value of the investment (ie. no capital gains tax). The product I have bought is the ESG Developed World All Cap Equity Index Fund (UK) - Accumulation. In short it is a bundle of stocks which covers the entirety of the world stock market and accordingly tracks the price of the global stock market. The ways this fund makes money is 1. the growth of the value of the initial investment, ie. when stocks increase in value the stocks you own become worth more (generally stock prices trend upwards unless there is a serious economic crash) and 2. the dividends which companies reward their stockholders with, ie. a payment based on the profit of the company. It is possible for your investment to decline in value over the short term as stock prices go up and down but in the long term it will almost always increase. I have attached some screenshots here from my portfolio.

The first screenshot shows my total return from the fund over the past 3-ish years (it is slightly below what I said to you but around £12k).

Secondly is a chart showing the price of the fund over the past 5 years - you can see that at some times I would have made a loss by selling but overall the trend is upwards as I said - overall it is recommended that you invest in stocks and shares if you do not plan to need the money over the next 5 years (to ensure you make a profit) but I think this is a bit conservative and as long as you do not plan to need the money immediately I think it is a sound investment.

Lastly is a screenshot of the price rise/fall of the fund over the past 5 years - you can see that in some years you would barely make a profit but in others the profit would be quite large. Since this product covers the whole market (and is therefore not going to fall just because of a crisis in one particular industry) it is the one I would personally recommend. To sign up for Vanguard is quite simple as you only need to send in some identity documents like passport etc. Please let me know if you have any more questions or didn't understand anything.

>>1880504
Termites are natural products of earth, unlike neoliberal freakazoids

I wish to invest in stocks, giving the gains to my local org, and I've been suggested a lucrative fund which is primarily made up of oil/gas, meds and industrial property holdings. Obviously I hate how these companies operate, but I understand we must be pragmatic. My investment in the fund would be about $10,000 medical industry ftw.

Is investing in these companies pragmatically problematic? As in, am I accelerating climate destruction? Am I empowering anti-communist forces more than I'm empowering communist forces? Or is this scale trivial to such large companies, and divesting is about as futile as a consumer boycott?

>>1895716
how much can I put in monthly ?

>>1902192
Well as much as you want so long as it doesn't go over £20k in a year. So £1666.66 if every month.

Bear in mind you can put any extra money into an index fund also but the returns will be slightly less because you have to pay capital gains and so on.

>>1902209
Oh and if you already have an ISA savings account through your bank then converting that to a stocks and shares ISA doesn't count towards the yearly limit.

>>1902189
Pretty much the latter.
$10,000 won't even buy a single industrial machine in many settings.

ETH+ETF+401k=exit liquidity
Thank your union’s pension fund manager for me.

>>1931217
And we just keep winning, over and over again.

>>1931173
Sure, but what's the liquidity rate? Where can I exchange this without selling my soul? Seriously, I tried the other day to buy XMR on Kraken.com and that shit required not only a license but a social security number. What exchange do you use?

What's up gamblers and mini porkies. How big do you think the bull run or bear run will be if Trump or Kamala win respectively? Will Trump make crypto the reserve currency of the US? Can he protect our crypto from Elizabeth Warren and her goons?

>>1931275
Yeah, that’s a problem.
If you prioritize your privacy, I’d recommend finding a monero meetup.
You might have to travel for it.
I’ve actually heard it’s still practical to mine, if you have a beefy pc.
I would recommend buying eth at a meetup, since it’s the most liquid and has an amazing decentralized market infrastructure, that can buck KYC.
Unfortunately the coins that have used in tumblers are marked for death, after the tornado cash devs taught North Korea how to use it.
Even Vitalik Buterin (eth founder) has a lot of eth that he can’t cash out now.

>>1931320
Ironically I bought soon after Trump was sworn in, because he wanted to default on our debt, disrupt the global fiat rails and isolate the US from the global economy.
I’m actually surprised to see him endorse a borderless, permissionless, immutable currency that undermines the petrodollar.
It’s a massive contradiction to nationalism and antithetical to his goals.

But if he wants to pump my bags, I’ll fucking take it.
He doesn’t have my vote. But

>>1895716
>>1902189
So how do I actually buy stonks? Do I like walk into a bank and ask to buy some?

>>1931412
there's no advantages crypto offers over usd so it will always coexist peacefully with it. just a speculative form of value

>>1933081
Here's how you do stonks epic style: You take a loan from a normal bank, then you go to an investment bank and use that loan to buy stonks at their all time high, just before a market crash, then you take those stonks to another investment bank, and put them up as collateral for a loan, then you use that loan to buy more stonks that are about to crash, and so on and so forth, and then you keep chaining this as many times as you need to. Then when the market crashes, the bank is holding the worthless collateral, then you use the loans to buy stocks at a really low price after the crash, and ride them back up to the top, and use the dividends to pay off the loans and get back your collateral stocks, which are also slowly climbing back up in value, as well as the principle on your initial loans. The banks will just get bailed out by the public, if you're wondering where they get the money for this from.