Being untethered to reality is literally in the core of stock trading. It's nonsense, modern day magick for the least cool people.
this post was submitted on 26 Mar 2024
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literally in the core of stock trading
Value Investors might argue otherwise. I've got more than a few shares in stock with a sub-20 P/E ratio. They do exist and you can make money holding them.
They just don't have the rocket ship like growth of your Magnificent Seven or your even more speculative stocks.
Money laundering. Just like buying those bibles.
You know... In my life I've had to talk a few people out of scams.
I know they were scammed, it's blatantly a scam, the evidence is overwhelming, my experience is solid, everyone I know of's experience says the same.
Yet they will argue with you back and forth and never really be satisfied because they want to believe it so much, and I imagine it stings a good bit being told you're being ripped the fuck off and you're too stupid or inexperienced to understand that.
I'm never confrontational about it, I just make it very perfectly clear that proceeding would be extremely ill advised, and that even their own worries brought them to me asking for my opinion because they trust my judgment.
It scares me how long it takes to convince them, and how often in the end they come to me a month later and I ask them how it went, and they went and bought it anyway, for whatever far fetched rationalization they managed to construct for themselves.
Psychology is real, psychology is simple, all it takes to control humans is to have no care for anything but yourself.
"Yes, I know it's scammy, but I'm getting in on the ground floor so I'm not the one who will be holding the bag" is a sentiment I've seen (and occasionally held) entirely too often.
WELCOME TO FINANCE! There are no rules, and if we break them, we remake them!
This is a case where I literally both hate the player and the game.
I just have to say, the folks at Reddit must be eating their own hearts out right now.
If only they hadn't shut down The_Donald, this could have been them.
This is literally just a loophole to allow foreign governments to give Trump boatloads of cash. Instead of giving him explicit gifts, you prop up the price of his worthless company's shares
Trump can't cash out shares for 6 months. So now they have to keep the price inflated for 6 months.
Could be some folks find value in social media for a group preselected for gullibility.
Trump can’t cash out shares for 6 months. So now they have to keep the price inflated for 6 months.
Unless they're just unloading their shares onto Rubes. In which case, they only need other people to buy-and-hold at the inflated rate.
Follow the money. I guarantee this is Russian financing being done at a remove.
Don’t forget about the Saudis.
The CCP is also very interested in all this
It's standard Beijing policy not to intercede when Americans are shooting themselves in the feet
guarantee this is Russian financing
Fair more likely it's Saudi or Israeli money, given how Russians have been cut off from the SWIFT banking system through sanctions.