TLDR: GameStop (GSE) is an example of a small group of online instigators drumming up a larger group of individuals to attack short positions in stocks that are rightly weak due to underlying business problems.
This explains why relatively low income people I was around in multiple locations around the country were talking about stock positions in GameStop, or AMC (movie theaters).
None of them were the instigators in r/wallstreetbets, but they were reading it and using RobinHood and other low cost trading apps to join the mob putting pressure on people holding short positions in those stocks.
That this came from Reddit, which created gang upvote/downvote doesn’t surprise me. They figured out how to monetize that process.
I don’t like the stock “market”. Betting on what other people will think, or as in this case, ganging up to attack other groups, independent of the business, doesn’t seem like productive use of capital.
Somebody, at the end is going to be the last person holding GameStop…. and they will lose their money. I don’t mind that they pay for their silly greed.
Lunch for breakfast at an airport.
I thought my days of stacked iPads getting ready for an event were over. At least I do it from a comfy poolside setup these days. (-:
Recently I’ve been blessed to spend a lot of times with Marines. The owners of these rifles were amazing young men and I was fortunate to spend the better part of a week with them.
Getting cold triggers body stress responses that are good for you. Cold plunges are good for this, but not very accessible. Cold showers are readily available to most of us, and this article tells you how to build a habit of taking cold showers.
I also do sauna for similar stress response benefits. I used to balance sauna with cold afterwards (either plunge or shower) but recently I learned that the cold afterwards stops some of the benefits of the sauna stress.
So I’m flipping this, and doing sauna and cold on opposite parts of the day. If I do sauna in the morning, I do a cold shower that night, and vice versa.
I don’t “use” it everyday. I use things that use it every day. And it’s super useful to be aware of it, know how it works, know its core principles, and to be able to know where/how it will be useful.
Recently, while traveling in a lockdown state, we visited a non-chain, family owned, Italian restaurant that was open for business as usual. We sat inside, maskless, with attentive waiters, fine wine, and great fresh made in house pasta, and a veal recommended by the owner and his son.
This must have been what it was like, sort of, to visit a speakeasy back during prohibition. The food was great. The service great. But was my perception tilted by what we were really doing? Living life, as it should be, ignoring ridiculous edicts from politicians and bureaucrats? Probably so. And I’d do it again – I hope very soon.