safe

5y

huh? what is 'fictitious capital'?

and in your original post you just said capital can't generate wealth
that is blatantly untrue
you can't make a general statement like that and then say 'oh no I just meant this specific piece of capital can't do that'

Champion Holle

5y

I will ctfu if slim jims goes parabolic tomorrow

VA7a

5y

should i invest

Champion Holle

5y

im ngl, I put a grand into it on a long just in case

letraset

5y

Charge it to the GME

Synopsis

5y

we're clearly talking about the stock market in this thread, so why would i be talking about anything other than tht

VA7a

5y

IM BOUT TO SNAP INTO A SLIM JIM

letraset

5y

Charge it to the GME

sniper

5y

https://finance.yahoo.com/quote/NOK?p=NOK&.tsrc=fin-srch

https://finance.yahoo.com/quote/AMC?p=AMC&.tsrc=fin-srch

nokia is having some news next week apparently and they've been working on stuff with 5G, so keep an eye

safe

5y

well you said capital not the stock market lmao

and you understand that theoretically the stock market is providing capital to these firms who then use it to generate wealth and shareholders benefit from this wealth. obviously by buying a stock someone isn't creating wealth but theyre providing that firm with capital who then generate wealth. its why people look at financials and etc they want to see what company can generate the most with their investment
you're right in that stuff like this isn't capital generating wealth its just pushing money around but that's not why the stock market exists

mosh

5y

I understand maybe 2/3's of everything I read about this today but salute to any of you doing this and f***ing over financial bros

safe

5y

AMC maybeeeee but I wouldn't touch Nokia tbh
all of those other stocks are people riding on this momentum to try and pump up the stock and then sell it off for a quick profit. GME was actually a somewhat justified situation because A) the financials indicated that the shorts weren't valid and B) the shorting of it was absolutely absurd so its a legitimate move to push the stock price for when those hedge funds need to close and buy (because when they need to buy you're able to sell it to them for a profit while they take a massive loss)

for Nokia and etc the stocks are shorted but not anywhere near the same extent that GME was so essentially you're just hoping the stock price gets pushed up by people getting excited and buying some in the hope of the same thing happening

papawheely

5y

So is it too late to ride this wave? Not GME specifically but can the redditors pull off something similar again?

papawheely

5y

So is it too late to ride this wave? Not GME specifically but can the redditors pull off something similar again?

safe

5y

probably not and you’re gonna see a lot of pump and dumps now

This was more a f*** up by the hedge fund than anything

papawheely

5y

I thought so.

Can you elaborate on the term ‘pump and dump’ I only understand this from a h**** perspective

papawheely

5y

I thought so.

Can you elaborate on the term ‘pump and dump’ I only understand this from a h**** perspective

safe

5y

as in a ton of people shilling a stock so it rises and then selling off putting the loss onto people who hold on too long