text: The Market 2021 | Page 61 | Arizona Sports Fans Forum
  hoping GME continues to plummet. The rumors were bought and news sold. the narrative of "have no plan" because Cohen isnt announcing the full plan is welcomed. I want it to get back to a reasonable number so I can get back in. I believe in the new structure and the brand moving forward and believe that is it gets low enough, I will always make some money on the optimism of it moving forward. Down to 228 so far. Last time I bought in was 170 and sold around 230. Happy to keep doing that.
  hoping GME continues to plummet.
  Looks like you're in good shape. You can probably hold out for it to get below 100 before rebuying.
  That is very unlikely based on recent trends but I would be ECSTATIC if it went that low. I imagine it will hold the line between 180 and 220. We'll see. It hasnt been as low as 100 since february and stalled right at and around 150-200 throughout most all of march, april and may.
  I wouldn't be surprised if it shot back up either tomorrow or Monday based on how it's been acting the last few months.
  I'm really starting to hate the meme stocks though on my thinking. FOMO is a pain with them. Yesterday when it was over 300 I was thinking that I should sell the few shares of GME that I have. I would have done it with a normal stock but in the back of my head I'm thinking "it could jump another 100 tomorrow." There's no rational thinking with them.
  Two words that are a trader/investors worst enemy.
  Stop loss and be happy. That's my opinion. I like them because when they get grounded, I just jump back in and do it again. Then I dont have to question when to sell or etc. Sometimes, like with amc, I brough home a few grand and if I waited it woulda been closer to 30k but it is what it is. Still made money. Probably still go into AMC again as it slides down.
  Right now I dont own stock so that perspective cant hurt me. At some point I will decide I think it normalized and if that number is low enough, I'll be right back in it.
  PS: a bunch of short interest was opened today on index funds that own GME. The cycle is starting back over. It could start swinging up again but I think it will drop more as all the shorts pile on and once they do, its time to push back.
  Stop losses are usually good but once again they drive me nuts with meme stocks due to the volatility and the stop loss raids that happen. I've been burned on them a couple times, like last week with AMC, when there was a quick drop and then it bounces back. The AMC one cost me an extra $2k in profits.
  yeah they have gotten me out earlier than planned a few times but thats part of the game. I still profit so its all good. I currently base my stop losses just on actual dollar amount per stock. In the suture, I might do a percentage drop per stop loss instead.
  What index fund has a significant weighting in GME?
  Probably IJT. But it's a small percentage. I'd look for it in some meme stock ETFs more than likely. FOMO ETF?! Would be fitting.
  Nothing significant I'm aware of but there are some 8%s. I imagine it's temporary and will be back on gme before long. Just hedge funds doing hedge things
  I've heard a few analysts discuss inflation and the changes in how it's been calculated from the 80s and 90s to now and how it has depressed the appearance of inflation.
  I've found this website that was referenced by a few sources and though the info was worth a share.
  Using the 90s based calculation, current inflation would be nearly 9% while the 80s based calculation reveals a current inflation rate above 12%
  Consider things like social security and disability are tied to the CPI.
  "Alternate Inflation Charts" http://www.shadowstats.com/alternate_data/inflation-charts
  The lack of teaching of people of any age about investing in school is pretty bad as is companies doing it. I have a friend who at least 18 months ago maybe longer asked me about moving an old 401K into an IRA. I helped her get that set up and I gave her the name of the person at Fidelity who manages mine. It appears her amount was too low for Advisor and she was told that and given some suggestions. I found out Friday, about 3pm so after close, that she had not done anything. She was wondering why the money wasn't going up while she kept reading the markets were way up. She had thought it transferred over from the 401K to the IRA in the same accounts, "in kind" but it didn't so it was in a cash holding account getting absolutely nothing. She even signed up for a Fidelity credit card that periodically gives bonuses which go to her account. So the only money she'd made that whole time was off the card.
  So I got her signed up Friday but my assumption is that means it'll buy at close today and of course today is a big up day so if we had done this at lunch Friday, she'd have gotten the close Friday and been up today. I don't know the exact amount of time it was sitting like that but my guess is she'd be up at least 50% if she had put it into the accounts it's going into now because I'm pretty sure the impetus for all this was markets tanking due to Covid(not 100% sure of the timeline).
  I feel bad I didn't push her more for information but I have asked her several times and it was never clear to me that Fidelity wasn't managing it for her it was just in Fidelity.
  My 20 year old niece is still asking me for information she actually did find a class at Irvine she wants to take to help with this so that's good but she had absolutely no education in investing while in highschool nor did her older sister.