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Thread: The Automation Spiral (obligatory loleconomics thread v2)

  1. #1781
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by Spaztick View Post
    I would sell if I had any.
    5% trailing stop.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
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  2. #1782

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    Quote Originally Posted by Nordstern View Post
    I know Wayfair is experiencing phenomenal growth, but their sales haven't doubled in the last year. So I need someone to explain how their stock has gone up 10x in value.
    It's more like a little over doubled in the last year, it's only 10x if you look at the bottom of the crash to now.

  3. #1783

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    Quote Originally Posted by Nordstern View Post
    Apr 6 2020

    Wayfair shares surged more than 37% Monday after the online furniture company said its business is booming, as people furnish their home offices or decorate while they are shut in during the coronavirus pandemic.

    Wayfair said in a press release that when it entered March, gross revenue growth was just under 20%, similar to trends during January and February. But by the end of the month, growth more than doubled. Wayfair said the trend has persisted into April.
    I know Wayfair is experiencing phenomenal growth, but their sales haven't doubled in the last year. So I need someone to explain how their stock has gone up 10x in value.
    Stonks only go up

  4. #1784
    Duckslayer's Avatar
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    Quote Originally Posted by depili View Post
    Quote Originally Posted by Nordstern View Post
    Apr 6 2020

    Wayfair shares surged more than 37% Monday after the online furniture company said its business is booming, as people furnish their home offices or decorate while they are shut in during the coronavirus pandemic.

    Wayfair said in a press release that when it entered March, gross revenue growth was just under 20%, similar to trends during January and February. But by the end of the month, growth more than doubled. Wayfair said the trend has persisted into April.
    I know Wayfair is experiencing phenomenal growth, but their sales haven't doubled in the last year. So I need someone to explain how their stock has gone up 10x in value.
    Stonks only go up
    The Tesla effect

  5. #1785
    Movember 2011Movember 2012 Nordstern's Avatar
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    Oh, Kodak, you aren't even trying to be sneaky.

    Would have shorted that shit if I had a margin account.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
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  6. #1786
    Movember 2011Movember 2012 Nordstern's Avatar
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    Show of hands: Who has holdings in gold/silver?

    Okay, hands down. Now, who is going through their old coins and jewelry?
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  7. #1787
    Movember 2011Movember 2012 Nordstern's Avatar
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    A synopsis of SLV:

    Wednesday: bling bling

    Thursday: bling bling

    Friday: Meh, it was going up too quickly anyways, some volatility is to be expected

    Monday: Okay, yeah, I really need to keep an eye on this

    Tuesday:
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  8. #1788
    Dorvil Barranis's Avatar
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    Please rename thread to Nerdstrom bad investment advice thread.
    "Those who are skilled in combat do not become angered, those who are skilled at winning do not become afraid. Thus the wise win before they fight, while the ignorant fight to win." - Zhuge Liang


  9. #1789
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    Back in the day I put a dollar, or a quarter, in a box to light a candle. Economic candles have been really weird over the last few months. My match is still keeping up for now.

  10. #1790

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    Sold all my TSLA today when it crossed $1800. Maybe retarded of me.

  11. #1791
    Donor Spaztick's Avatar
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    Quote Originally Posted by August View Post
    Sold all my TSLA today when it crossed $1800. Maybe retarded of me.
    Not selling Tesla would be a dumb move unless you are just gonna WSB YOLO. I have a lawsuit against a company in the works. Maybe after it's all done with I won't have to sign an NDA and I can post juicy capitalist shenanigans.

  12. #1792
    Joe Appleby's Avatar
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    What a cock tease you are.

    Tapapapatalk

    Edit: I'm looking forward to the day you can tell stories.
    nevar forget

  13. #1793

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    Well fuck. Musk just led TSLA to the promised land of $2k/share.

    And how can this be?? For he is the Kwisatz Haderach!

  14. #1794
    Movember 2011Movember 2012 Nordstern's Avatar
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    Dad found more old coins that my mom's parents had. Started sorting those and the stacks/piles are quite impressive now. Found a digital scale and started weighing, then did some math on silver content.

    My initial assessment of the value was off by a factor of ten. This would be a mighty bar if melted down.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  15. #1795
    Super Chillerator Global Moderator teds :D's Avatar
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    Quote Originally Posted by Nordstern View Post
    Dad found more old coins that my mom's parents had. Started sorting those and the stacks/piles are quite impressive now. Found a digital scale and started weighing, then did some math on silver content.

    My initial assessment of the value was off by a factor of ten. This would be a mighty bar if melted down.
    Join us for part 2 of Nordstern's dodgy financial decisions this fall, only on FHC

  16. #1796
    GeromeDoutrande's Avatar
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    Next week he'll be estimating the market value of his kidneys

  17. #1797
    rufuske's Avatar
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    Quote Originally Posted by teds :D View Post
    Quote Originally Posted by Nordstern View Post
    Dad found more old coins that my mom's parents had. Started sorting those and the stacks/piles are quite impressive now. Found a digital scale and started weighing, then did some math on silver content.

    My initial assessment of the value was off by a factor of ten. This would be a mighty bar if melted down.
    Join us for part 2 of Nordstern's dodgy financial decisions this fall, only on FHC
    He's retarded, especially if he has some rare mints.

  18. #1798
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by GeromeDoutrande View Post
    Next week he'll be estimating the market value of his kidneys
    Next week I'll stick 5k in a margin account and livestream, doing whatever comments tell me to do.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

  19. #1799
    rufuske's Avatar
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    Yup, certified retarded.

  20. #1800
    Movember 2011Movember 2012 Nordstern's Avatar
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    Quote Originally Posted by rufuske View Post
    Yup, certified retarded.
    Clearly you can't tell when I'm joking.
    "Holy shit, I ask you to stop being autistic and you debate what autistic is." - spasm
    Quote Originally Posted by Larkonis Trassler View Post
    WTF I hate white people now...
    Johns Hopkins CSSE COVID-19 Dashboard

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