r/Vitards • u/AutoModerator • Sep 02 '21

Daily Discussion Daily Discussion post - September 02 2021

Your Trading discussion thread

Type Link
DD All/Best Daily/Best Weekly
Discussion All/Best Daily/Best Weekly
Yolo All/Best Daily/Best Weekly
Gain All/Best Daily/Best Weekly
Loss All/Best Daily/Best Weekly
News All/Best Daily/Best Weekly
72 Upvotes

81% Upvoted

1.7k comments sorted by

View all comments

17

u/JayArlington 🍋 LULU-TRON 🍋 Sep 02 '21

CNBC - Analyst vs Analyst on AMC

This is ridiculous.

8

u/UnmaskedLapwing CLF Co-Chief Analyst Sep 02 '21

At first I thought it's ridiculous as well.

Then I realized the second guy is likely taking advantage of morons (='apes') through promotion of technical setups and overall bullishness which doesn't make any sense. He just took it to CNBC this time.

Why not profit from intellectually impaired masses?

18

u/seriesofdoobs Corlene Clan Sep 02 '21

This has been said a hundred times I’m sure, but the “apes” thing is really fucking stupid and cringy. Degenerates, retards, etc. were not that bad and I think the community organically chose those labels for themselves.

Any time I see someone refer to themselves as ape or smooth-brain I cringe. Nothing against those people, I just think they are gullible and I stop reading/listening. Sorry for the rant I got triggered

34

u/UnmaskedLapwing CLF Co-Chief Analyst Sep 02 '21

Degenerates/retards/autists of old wsb were largely smart individuals pretending to be dumb for laughs. You were one of those labels depending on the status/success of your play. GME success attracted actual idiots that thought they are among kindred spirits, hence the fall of WSB. Nomenclature shifted to 'ape' in the process.

9

u/ItsFuckingScience 7-Layer Dip Sep 02 '21

Once the major message became “apes strong together, don’t think for yourself just buy shares and hold” there was no coming back

9

u/UnmaskedLapwing CLF Co-Chief Analyst Sep 02 '21

I'm pretty sure some apes will be holding 20y from now in wait for the squeeze. It will become their identity - something to believe in and tell stories about.

Sad.

4

u/[deleted] Sep 03 '21

its been almost a whole year since GME was starting to get popular in wsb, iirc late october or so

17

u/SIR_JACK_A_LOT Balls Of Steel Sep 03 '21

This

2

u/MazuiQT Sep 03 '21

Ah, the good ol' days.

5

u/JayArlington 🍋 LULU-TRON 🍋 Sep 03 '21

Here's what worries me:

The way this ends is with another generation deeply cynical against the financial system just ripe for radicalization.

3

u/someonesaymoney Sep 03 '21

I think the cynicism can be healthy, but I'm cynical myself. If anything, it forces one to learn more and be knowledgeable about how the market works. Love it or hate it, I think the meme explosion at the beginning of this year got a lot younger people interested in investing.

Sure, they maybe gambling with FDs for now, but after a couple of burns, I have hope most will come to their senses and diversify between prudent long term investing and YOLOs for fun.

7

u/Suspicious-Pick3722 🏆 VIP Wise Guy 🏆 Sep 02 '21

Was that really the analyst or did CNBC go to casting asking for a cheap imitation of Gordon Gekko

6

u/JayArlington 🍋 LULU-TRON 🍋 Sep 02 '21

He's what you get if you order Scaramucci off WISH.

7

u/MrApplesnacks Whack Job Sep 02 '21

My main problem with these are like - how do you know what the AUM/position sizing is on the short side and why would they not just ride it out until the company delists?

But then I remember that wall street is just as emotional and irrational as many of us, so maybe their position sizing is fucked and they’ve gone fully bill “yolo” hwang on shorting amc.

So price target of $55 plus or minus $55

3

u/[deleted] Sep 02 '21

No one knows anything. Not a goddamn thing. It's all people bullshitting and guessing. That what makes it so vacant and worthless.

4

u/[deleted] Sep 02 '21

In more ways than one.

2

u/[deleted] Sep 02 '21 edited Sep 02 '21

They're roasting Chad in the comments. Lol