Posted on 01/27/2021 12:05:42 PM PST by srmanuel
Reddit just banned the group.
There is a second one already. It’s the Wild West out there
“ Isn’t the stock market nothing more than sophisticated gambling...??”
Nope. When gambling, your odds of losing 100% of your bet is normally greater than a 50-50 chance.
With a traditional investment, such as a stock, bond or mutual fund your odds of losing 100% of your investment is very, very low.
Granted, there are variants, such as naked options and futures where you are risking MORE than your original “bet”, but that once again enters the realm of gambling if you haven’t adequately covered your risks.
Randolph Duke : Good, William! Now, some of our clients are speculating that the price of gold will rise in the future. And we have other clients who are speculating that the price of gold will fall. They place their orders with us, and we buy or sell their gold for them.
Mortimer Duke : Tell him the good part.
Randolph Duke : The good part, William, is that, no matter whether our clients make money or lose money, Duke & Duke get the commissions.
Mortimer Duke : Well? What do you think, Valentine?
Billy Ray : Sounds to me like you guys a couple of bookies.
Randolph Duke : [chuckling, patting Billy Ray on the back] I told you he'd understand.
So doesn’t this now become the norm? This flash gang rogue investment opportunity weapon is launched at a company or an industry? A lot of people just used their $600 as play money.
Which means the next round of stimulus checks it’ll be illegal to use them to buy stocks or guns.😝
LOL!
Almost, almost purchased AMC just before closing yesterday. placed fibs on it and saw the shorts.......noway.
The story of my investing! LOL!
Take care........pilgrim
Wait until the $1400 Biden Stimulus checks arrive then things could get even more interesting
Robinhood is blocking purchases of GME and AMC So both will get slaughtered today. Options that expire this week will be closed. Reddit robinhood investors are being told to stay in their spots and let Wall Street win.
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of course they did — that was the easiest prediction ever.
Yep until they changed the rules. Locked people out of accounts, forced sells ..... the fact they did it live and in the open makes the security, market complete BS.
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