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submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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[-] [email protected] 318 points 2 months ago* (last edited 2 months ago)

Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it's got pretty good upward consistency.

Posts like this are like the sad ex who can't move on and just makes up bullshit about their former partner. Let's move on and make Lemmy better instead of being stuck making up fake news for internet points.

[-] [email protected] 80 points 2 months ago

Sir, this is a ~~Wendy's~~ shit posting community

[-] [email protected] 22 points 2 months ago

This feels like straight up agenda posting. Posting it to a shitposting sub doesn't make it any different.

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[-] [email protected] 3 points 2 months ago

People really seem to think this community has only serious bones in its ruling body

[-] [email protected] 7 points 2 months ago

On the other hand, being posted to a shitposting sub doen't make something a shitpost. Shitposts don't have to be jokes but just feels like agendaposting, which feels a bit lame in a shitposting sub.

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[-] [email protected] 31 points 2 months ago

I do this all the time in my reports to execs. If they're not paying attention to something I've been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they're obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.

[-] [email protected] 8 points 2 months ago

Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.

Finally sold most of those shares at $475.

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[-] [email protected] 61 points 2 months ago

They already pumped it and dumped, you're seeing the after effect now.

[-] [email protected] 50 points 2 months ago

God, please don't turn Lemmy into "haha reddit stock goes down" literally any time their stock fluctuates.

[-] [email protected] 8 points 2 months ago

A similar thing happened with one of my favourite podcasts: Tech Won't Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.

Which, deserved. But I don't want to hear about Musk's stupid machinations while I'm doing food prep. I want to hear about something cool, like collective action in India.

Maybe I'm in the minority though. Or maybe it's gotten better by now. Idk

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[-] [email protected] 49 points 2 months ago

Truth Social should be next

[-] [email protected] 7 points 2 months ago

I ponder who the fuck is buying truth social. That is the puzzling part to me.

[-] [email protected] 31 points 2 months ago

Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.

[-] [email protected] 3 points 2 months ago

Dumbass Republicans with their dad's oil inheritance

[-] [email protected] 47 points 2 months ago

1000006853

[-] [email protected] 35 points 2 months ago

Anyway

[-] [email protected] 41 points 2 months ago* (last edited 2 months ago)

Is this anti-Reddit? It’s still up like almost 20% since the IPO?

[-] [email protected] 43 points 2 months ago

line go down

[-] [email protected] 28 points 2 months ago

Now change the view to anything but 1 day. Line go up. So what?

[-] [email protected] 8 points 2 months ago

It peaked at like 78, but now it’s been been on a downward trend

[-] [email protected] 6 points 2 months ago

There’s always a spike.

[-] [email protected] 5 points 2 months ago

So it went straight up for a week and had a 1 day correction but is still way up over the past 72 hours. What am I missing here?

[-] [email protected] 20 points 2 months ago

Reddit bad, line going down is good. Don't over think it.

[-] [email protected] 4 points 2 months ago

Liquidation is the easiest means of generating profit. Investors are just looking for the quickest exit scam. Thats a lot of people waiting to pullout.

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[-] [email protected] 21 points 2 months ago* (last edited 2 months ago)

I just don’t like the stock

Edit: this is not investment advice

[-] [email protected] 17 points 2 months ago

I hate the stock.

This is investment advice.

[-] [email protected] 3 points 2 months ago

I hate spez

This is an opinion

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[-] [email protected] 41 points 2 months ago

Get back to us in 6 months and we'll see how it's going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.

[-] [email protected] 41 points 2 months ago

OP: *post on c\shitposting *

Nerds: actually, the valuation from the IPO have being up 20%, and you can't evaluate an stock from its movements on a couple of hours.

[-] [email protected] 31 points 2 months ago

*Agenda posts*

"This is misleading"

"Hehe nice try but I posted it to shitpost subreddit so you shouldn't say anything about that"

I don't think it works like that lol

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[-] [email protected] 40 points 2 months ago

What a misleading post, it's up a lot apparently.

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[-] [email protected] 35 points 2 months ago

You're only looking at one day, not since the IPO dropped.

[-] [email protected] 10 points 2 months ago

That's a bad shitpost

[-] [email protected] 6 points 2 months ago

I hate reddit as much as the next guy (made 25% shorting on day 1)

But yes this shit post is dumb as fuck, it went up a ton the second options went live lmao

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[-] [email protected] 21 points 2 months ago

Extremely volatile, as anyone expected. Since they started the IPO at $34 things aren't going bad at all so far.

Give it a year, and we'll see what the company's actually worth.

[-] [email protected] 20 points 2 months ago

Wheeeeeeeeeeeeeeeeeeee

[-] [email protected] 11 points 2 months ago

Gonads and strife

[-] [email protected] 19 points 2 months ago

[-] [email protected] 11 points 2 months ago

(plz keep giving me reasons to use this it brings me joy)

[-] [email protected] 11 points 2 months ago

...And nothing of value was lost.

[-] [email protected] 10 points 2 months ago

Great penny stock next week

[-] [email protected] 9 points 2 months ago* (last edited 2 months ago)

🎵It all returns to nothing.

It all comes tumbling down tumbling down tumbling down🎵

[-] [email protected] 7 points 2 months ago

Eat shit and sink. Stupid fuckers.

[-] [email protected] 4 points 2 months ago

Can the kids in the stocks subreddits do a reverse GameStop on this?

Would just be hilarious if this thing went to zero in the first month.

[-] [email protected] 3 points 2 months ago

OP shorted it and is trying to wag the dog

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this post was submitted on 28 Mar 2024

270 points (78.4% liked)

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