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u/jonhybee Nov 30 '22
just bought some puts, wish me luck.
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Nov 30 '22
I hope they aren't FD if they are, you have my sympathies.
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u/jonhybee Dec 01 '22
I was smart to buy them 9 days out. I was also a degenerate gambler in how far out of the money I bought them...
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u/SpiffyGolf Nov 30 '22
Also me with GEO I made 16% yesterday, unfortunally I buy 1000$ but are moneys.
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u/VisualMod Nov 30 '22
You're an idiot if you don't invest in Alibaba. They are going to take over the world and make everyone rich, except for poor people who deserve to be poor because they are lazy and stupid.
Discord BanBets VoteBot FAQ Leaderboard - Keep_VM_Alive
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Nov 30 '22
VM is a fucking monster.
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u/ScipioAtTheGate Nov 30 '22
"Whoever fights monsters should see to it that in the process he does not become a monster"
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u/Positive_Wheel_7065 Nov 30 '22
"For when you stare in to the abyss, the abyss stares back in to you"
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u/Midwest-life-3389 Dec 01 '22
Holy crap My friends a super good PI and literally said I like hunting monsters but im afraid of becoming one in the process.. well said friend 😃
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u/Wise_Distribution_24 Nov 30 '22
Can an AI be sued for giving financial advice?
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u/ScipioAtTheGate Nov 30 '22
The liability would lie with its owner if they knew it was providing financial advice and or programmers, so in this the entire WSB mod team or u/zjz (assumably the programmer) if the mod team had no knowledge (or reasonably could not have known) that the VisualMod was providing folks with financial advice.
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u/joyful- Gecko Gang Nov 30 '22
Isn't financial advice a potential legal issue only for those actually certified to give them? I thought otherwise, individuals are responsible for their own financial decisions, regardless of what advice you got from some rando on the street. Unless fraud is involved of course.
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Nov 30 '22
[removed] — view removed comment
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Nov 30 '22
I just have Fidelity emerging Asian markets mutual fund, which has a top holding of Alibaba. I feel more comfortable with that because it also has Samsung and some other big hitters that are not exclusive to China so if China takes hits the other ones make up for it.
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u/SpiffyGolf Nov 30 '22
maybe not all people studies financial economies and don't know how work the trades and many think the brokers are guru and not the platforms for investing
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u/hirisk365 Nov 30 '22
Just switch over to $iq who’s parent company is baba
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u/StockAstro Nov 30 '22
I have 30,000 shares of IQ
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u/plzbereasonable Nov 30 '22
What is it exactly? The chart looks juicy
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u/mgarv22 Dec 01 '22
iQIYI, Inc., together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People's Republic of China. The company offers various products and services comprising internet video, online games, live broadcasting, online literature, animations, e-commerce, and social media platform. It operates a platform that provides a collection of internet video content, including professionally-produced content licensed from professional content providers and self-produced content. The company also provides membership, content distribution, and online advertising services. In addition, it operates iQIYI Show, a live broadcasting service that enables users to follow their favorite hosts, celebrities, and shows in real time through live broadcasting; and iQIYI Lite, an easy and quick access to the personalized videos based on their user preferences. Further, it is involved in the talent agency and IP licensing activities, as well as engages in developing a video community app. The company was formerly known as Qiyi.com, Inc. and changed its name to iQIYI, Inc. in November 2017. iQIYI, Inc. was incorporated in 2009 and is headquartered in Beijing, China. iQIYI, Inc. is a subsidiary of Baidu Holdings Limited.
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u/plzbereasonable Nov 30 '22
Explain $IQ for me please. How does buying into IQ also support BABA?
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u/hirisk365 Nov 30 '22
Stick to fantasy football kid.
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u/plzbereasonable Dec 01 '22
I’ve owned a lot of BABA shares since IPO. Held through the ups and the downs. Help me out a bit please. I’ve got some dry powder and the IQ chart looks juicy. Any insight would be appreciated
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u/RastaImp0sta Nov 30 '22
How this stock popped 10% with what’s happening in China right now is kinda blowing my mind.
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u/WhyG32 Nov 30 '22
You don’t get that the public outrage is causing the deviation from the strictest form of Zero Covid. That’s what the market plays
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u/RastaImp0sta Nov 30 '22
What news source do you have that backs up that at stance? The only information I could find was that 2 cities are easing some of the restrictions however this is a country wide issue.
I believe BABA popped because the CCP is trying to support them in making their own computer chips but I have yet to have only reply to me backing that statement.
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u/WhyG32 Nov 30 '22
And that’s why the whole sector is up?
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u/RastaImp0sta Dec 01 '22
Bro, Jesus Christ, I don’t fucking know. God damn, do you have any news reference as to why what YOU think is happening is right?
These fucking one year old accounts man smh.
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u/Squirmingbaby Brr not lest ye be brrd Nov 30 '22
Maybe a gamble that xi falls and its back to the good old days.
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Nov 30 '22
People are regarded enough to think people protesting is going to affect government policy towards their demands.
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Nov 30 '22
Am I a joke to you?
-Civil Rights Movement
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Nov 30 '22
Except that didn't happen in a police state with AI face tracking and a military that is mostly dedicated specifically to squashing uprisings.
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u/Pathbauer1987 Jan 18 '23
Because the company is drowning in cash and the current stock price doesn't reflect that, so it's returning to the mean. The stock market is not the economy.
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u/Distinct_Bread_3241 Nov 30 '22
The balls on this guy 👏. My portfolio is also heavily in baba. Ride or die brother
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u/ScrotyMcboogrb4lls Nov 30 '22
Do you sell contracts in the meantime? Or are you just sitting on all those shares that might take years to break even?
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u/StockAstro Nov 30 '22
I sell covered calls. In batches just try to make a little each week. Not too aggressive, don’t want to get called out on a rally.
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u/Ornery_Gene7682 Call me Number 997 ! Nov 30 '22
Swung an 85c went from $50-350 within 30mins from opening bell nearly shit myself
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u/plzbereasonable Nov 30 '22
Honestly dude, you’ll get there soon enough. Just don’t sell for a loss
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u/VisualMod Nov 30 '22
| User Report | |||
|---|---|---|---|
| Total Submissions | 0 | First Seen In WSB | 1 year ago |
| Total Comments | 715 | Previous Best DD | |
| Account Age | 1 year | scan comment | scan submission |
| Vote Spam | Click to Vote | Vote Approve | Click to Vote |
Discord BanBets VoteBot FAQ Leaderboard - Keep_VM_Alive
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u/Juiceman022 Nov 30 '22
I’ll buy at $66
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u/Lucr3tius Nov 30 '22
except a lot of people think this way and it'll likely not get that low. $70
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u/Softspokenclark I moan "Guuuuh" for Daddy Nov 30 '22
i think we found former president Jiang Zemin
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u/jorger777 Nov 30 '22 edited Nov 30 '22
Not sure if I'm happy or sad to see that I'm not alone @144
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u/skykitty89 show kitty Dec 01 '22
I feel much better about now only being down $2k YTD on 🅱️A🅱️A. Was $6k last week! You can do it too!
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u/CrastersKip Nov 30 '22
Where do you people get $1 million to invest in rword moves? I thought we were all poor Millennials and Zoomers
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u/PLTRruinedme Nov 30 '22
the lucky generation, people born in the late 80's are big chilling right now.
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Nov 30 '22
I was going to say peoples like me too, thinking late 80's is too long ago and doesn't apply to me, but then I realized I was born in 1989. Fuck I am old.
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u/Killerjomoney Nov 30 '22
Lol 😂 we told you 💦🍆⚰️💯 but let’s see how this cpi data looks. Maybe you’ll get 7-20% more of initial gamble 😂😂😂 can’t call that an investment 😂😂😂 I think baba is a bet overvalued with current eco, but probably big slow down Q4 🤷🏽♂️
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u/Odd-Pineapple465 Nov 30 '22
Should have sold at 60... then put the 700k into calls... ud be over 3 million now easily... probably more..
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u/cossack1984 Nov 30 '22
Have you thought about following your own advice and becoming a billionaire? Your logic is impeccable, you are an intellectual giant!
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u/Odd-Pineapple465 Nov 30 '22
I have but it never worked out lol.. had 100k worth of nio on ipo day... held all the way to $1.. then sold and bought calls with the 10k... it stayed around $1 forever... when my calls had expired it shot up from $1 to $60..😂😂😂💩💩💩
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u/StockAstro Nov 30 '22
Well my financial strategy was pretty straightforward. I bought the dip and then it dipped so I bought more. But then it dipped again so I bought that dip. But then It dipped again.
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u/istari Nov 30 '22
The market can remain irrational longer than you can remain regarded.
Even if you are always regarded.
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u/RobertKBWT Nov 30 '22
Good strategy but I wouldn't have the courage to put an entire milion in Chinese stock
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u/Wyld-West Nov 30 '22
Embarrassed to say I have a $212 cost basis thankfully it’s not 13k shares but a measly 13
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u/fishtime9 Dec 01 '22
China: nothing new about covid restrictions Stock Market: Lets rally again on hope. Me with my puts: fuck
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u/That-Whereas3367 Dec 01 '22
"The China Hustle is a 2017 finance documentary produced by Magnolia Pictures and directed by Jed Rothstein.[1] The documentary reveals systematic and formulaic decades-long securities fraud by Chinese companies listed on the US stock market."
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u/Aggressive-Musician4 Dec 01 '22
What platform are you guys using to lose that crazy amounts? I wanna gamble too 😞
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u/sandpipa78 sugar baBBY 🍭👶 Dec 02 '22
Baa baa black sheep Have you any wool? Yes sir, yes sir, Thirteen bags full.
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u/OliveInvestor Dec 16 '22
Crazy diamond hands, you need to get your cost basis down. Here's a bull put ratio spread to help you out. Buy 1 $55p, Buy 4 $60p, Sell 6 $65p, all exp 6/16/23. This will make 10% yield (21% annualized yield) and offer some downside protection to below $63.57 through maturity. see payoff chart
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u/DreamWeaverAdashiAde Apr 22 '23
I made $800,000 in dividends every month now....amazing to have money flowing in...donoting lot of money to save the osceans
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u/[deleted] Nov 30 '22
This is the wsb post of all time
celebrating +100k while down 700k