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The ABF Classic Film Series: The Deer Hunter (1978) Thread


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5 minutes ago, bdog 29 said:

Guess it's time to update the chart.

And once again I don't really care about the hedge funds. **** them. But what's going on with GME right now is a big *** Ponzi scheme which is going to ruin a lot of people. I won't apologize for recognizing that and not praising the people perpetuating it as modern-day Robin Hoods.

Yeah, I’m not even sure what the exit strategy for WSB looks like.  Do the main actors go on there and say, “hey everyone, we’re selling tomorrow at noon...so hold until then and then it’s every man for himself”?  Or do they hit their target price and take turns selling so it doesn’t crash all at once?  How do they coordinate such a massive selloff without a lot of the people following them losing money. 

Also, people should look into the history of WSB and poke around their reddit page.  I think it’s hilarious to watch, but some of those people are legitimately white supremacists and bigots.  It reads a little bit like 4chan with a stock portfolio.  

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1 minute ago, Leon Troutsky said:

Yeah, I’m not even sure what the exit strategy for WSB looks like.  Do the main actors go on there and say, “hey everyone, we’re selling tomorrow at noon...so hold until then and then it’s every man for himself”?  Or do they hit their target price and take turns selling so it doesn’t crash all at once?  How do they coordinate such a massive selloff without a lot of the people following them losing money. 

Also, people should look into the history of WSB and poke around their reddit page.  I think it’s hilarious to watch, but some of those people are legitimately white supremacists and bigots.  It reads a little bit like 4chan with a stock portfolio.  

I'm not gonna get into all that WSB does that edgy, ironic humor that's all the rage with young people but I don't think there's a large contingent of actual bigots there. I've been browsing that subreddit for a few years now. Mostly for the jokes and loss porn.

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24 minutes ago, Ezekiel 25:17 said:

No it’s not!!!! 

They don’t have toilet doors and they have poor circulation in them! :lol:

His cell mate is gonna kill him, if his gases doesn’t kill him first!!! 🤣

His mommy is sending him 5 gallons of Potpourri 

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1 minute ago, bdog 29 said:

I'm not gonna get into all that WSB does that edgy, ironic humor that's all the rage with young people but I don't think there's a large contingent of actual bigots there. I've been browsing that subreddit for a few years now. Mostly for the jokes and loss porn.

I might have just seen some stuff before the mods took it down and just started spending time in there this week.  Just saw some stuff and went “yikes”.  

Would still like to know what their exit strategy is, if they even have one.  

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6 minutes ago, achilles return said:

now i'm all worked up thinking about how these ******* sold us "too big to fail!" to get trillions in interest-free loans from the federal government while turning around and foreclosing on millions of home-owners before getting their sycophants to go on fox business and say "these people shouldn't have been spending outside their means!"

 

Genuine question but do you have a 401K or invest in the stock market at all?

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7 minutes ago, Leon Troutsky said:

I might have just seen some stuff before the mods took it down and just started spending time in there this week.  Just saw some stuff and went “yikes”.  

Would still like to know what their exit strategy is, if they even have one.  

Not sure, I think a lot of people (like my friend) got out on Wednesday but as far as I know the guy that did the original due diligence on all this is still in (after making over $20 million) so they still think there's money to be made. Once he gets out and lets people know he's out, I expect people to follow.

But some people are arguing that the real short squeeze hasn't even started yet as there's still a lot of outstanding float and as long as they hold, shorts will have to buy back at even higher prices. That's why I say this is a Ponzi scheme. Its success is completely based on more people buying in. No idea how long it'll last but it may be a while. In theory it could hold infinitely. But I feel like a similar thing has been happening at a much slower pace with TSLA for the past two or three years.

Edited by bdog 29
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3 minutes ago, bdog 29 said:

Guess it's time to update the chart.

And once again I don't really care about the hedge funds. **** them. But what's going on with GME right now is a big *** Ponzi scheme which is going to ruin a lot of people. I won't apologize for recognizing that and not praising the people perpetuating it as modern-day Robin Hoods.

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"comrade bdog 29"

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"from this day forward, until the time of our revolution, i hereby cast you out of the righteous left, and remove from you all privileges and courtesies that have been afforded to you from your station"

"citizen bdog 29"

"go now and perish in the manner that best seems fit for you"

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2 hours ago, bdog 29 said:

Trust me man, I don't really give a **** about these hedge funds losing billions on this. They got too greedy and they're rightfully suffering for it. But at the same time, I'm not gonna act like the people pumping this up are benevolent entities making some grand point about capitalism. They're just as greedy as the hedge funds right now and they're fooling a bunch of regular people to gamble in hopes of making quick money.

Sure, don't disagree. The issue really is, by the time the average Joe hears about something, it's generally too late.

 

That's why I'm holding my $10 worth of Doge.

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2 minutes ago, achilles return said:

i have less money invested in the stock market than what's currently available in my checking account

the wonderous joys of contract employment, another one of those great inventions of the free market

That's real. I was asking because it seems that whenever people talk about "the market" they assume it's only rich people when unfortunately the stock market is just about the only way the average person has to get ahead. Lest we forget as bad as the housing bust was in 2008, the market tanking was the double whammy which kept so many people from retiring and caused so many to lose their homes. So to me, the market going down because a bunch of redditors have a vendetta against a few hedge funds isn't some valiant battle in the class war.

But as for my fall from the righteous left, I remember a while ago somebody posted a meme about what people think nihilists are vs. what nihilists actually are. Punchline being that actual nihilists just want to get as much money as they can.

I kinda feel like that's where I'm at. The system is ****** and some of the people it ****s the most are the ones working hardest to keep it the same. So I'm at the point where I'm just going to worry about me and mine and try to get as much money as I can so I can retire somewhere and not stress this. I have no faith in humanity and don't ever think anything will be fixed so I'm going to benefit as much as I can.

With that said, I'd like to think I'm not actively contributing to the harm but who knows, I probably am just by leveraging this stuff as much as I can. But idk, I'm tired and just want out of this so late stage capitalist ****hole.

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34 minutes ago, Leon Troutsky said:

Yeah, I’m not even sure what the exit strategy for WSB looks like.  Do the main actors go on there and say, “hey everyone, we’re selling tomorrow at noon...so hold until then and then it’s every man for himself”?  Or do they hit their target price and take turns selling so it doesn’t crash all at once?  How do they coordinate such a massive selloff without a lot of the people following them losing money. 

Also, people should look into the history of WSB and poke around their reddit page.  I think it’s hilarious to watch, but some of those people are legitimately white supremacists and bigots.  It reads a little bit like 4chan with a stock portfolio.  

It's going to be a snowball. They aren't going to telegraph it. They're going to start the sale, then everyone better get on. That's why I hopped out of NOK and AMC. I'm still in Sundial, but I was in Sundial before this started.

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4 minutes ago, bdog 29 said:

 

I kinda feel like that's where I'm at. The system is ****** and some of the people it ****s the most are the ones working hardest to keep it the same. So I'm at the point where I'm just going to worry about me and mine and try to get as much money as I can so I can retire somewhere and not stress this. I have no faith in humanity and don't ever think anything will be fixed so I'm going to benefit as much as I can.

 

 

One of the most important goals of our cannibalistic capitalist system is to make relatively well-off people feel like this, to keep all workers from uniting to actually make the change. I'd be lying if I said I'd never felt moments like that too, but I'm still pushing back against it for now.

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the average person doesn't get ahead with the stock market at all.

Quote

This is evident when looking at data on stock ownership. While an oft-quoted Gallup Poll indicated that 55% of households own stock in 2020, it is the very wealthy who control almost all of this asset. A separate Federal Reserve report indicates the top 10% of households by net worth control 87.2% of the equities in this country at the end of the first quarter. While the top 1% have always controlled 70% to 80% of stock market value since record-keeping began in 1989, this is the highest level of ownership ever, other than the fourth quarter of 2019, when it was 88.1%.

...

The top 1% have 12.8% of their net worth in real estate. The bottom 50% have 54.4% in real estate.

the stock market has little-to-no relationship with the economic well-being of the average person. maybe the market falling would have a negative effect on your financial situation, but don't mistake that for the average.

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  • Mr. Hoopah! changed the title to The ABF Classic Film Series: The Deer Hunter (1978) Thread

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