[Copypasta] Man i love bull markets

Man i love bull markets. Tried to type in the ticker for MAXN yesterday to buy some but MAGN came up instead. Didn't know wtf it was but I was too lazy to redo my search so I bought that instead and it started mooning.
December 2020

WallStreetBets

https://www.reddit.com/r/wallstreetbets/comments/k03375/daily_discussion_thread_for_november_24_2020/gdfuat3/
What happened to this ad? :(
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I am going to short the whole country of South Africa

I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph. Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years. That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American. Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock. I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems. My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
February 2021

WallStreetBets

Bears after a green day

It’s 4:01pm. Bears solemnly log out of their devastated brokerage account, get up from their makeshift desk made up of a stack of empty Michelina’s frozen lasagna dinners, head up the stairs of their father’s basement, grab the keys to their tan ‘97 Chevy Cavalier and a cloth mask embroidered with the word “VOTE,” and drive down the street to the local gay bar for a holiday themed burlesque show.
December 2021

WallStreetBets

Thats why this place is so special.

Listen 5 years ago I wanted to get into investing. I came to this sub to get some advice. One guy helped me with a stock I could invest in. It was dipping for a few days and I kept asking what I should do and he said hold. Kept quoting Warren buffet On the third day I panicked and told him I had to sell. He sent me a video and told me to watch it before I sold. It was a guy getting railed by jpow. I lost 400 dollars that day but it taught me some lessons. Now look at me. Been investing for over 3 years now. I was even on this gme thing. Yeah I could of made 8x the profits instead of 4 but I consider that my own fault. But through this great sub and everything I have learned, I reinvested my profits and as of today I am down 5 grand. Thats why this place is so special.
February 2021

WallStreetBets

Unrealized losses

She runs her hand through your thinning hair and laughs. “What?” you ask absentmindedly. You’re looking at Futures, and you’re surprised to see them red. “I want you to play with me.” She says it playfully, but the single ounce of you that isn’t totally aloof realizes she said this in earnest. And so you do. You throw your phone, and you pin her to the sofa, then the ground. You both roll about, wrestling, like lion cubs. Kissing, lightly biting. Sometime later, you both stop, breathing hard. She grabs an open bottle of red wine, and you pass it back and forth. Eventually she says, “I want to do that more.” But you’ve already found your phone again to check Futures. Still red. “Uh huh,” you say, distracted. She stares at you for a long moment, but you don’t realize it. Silently, she gets up and goes to bed, and you don’t say a word because you don’t notice. She hasn’t left you yet, but she will soon. Unrealized losses.
December 2020

WallStreetBets

Team Bull vs Team Bear

Team Bull Jerome "We print it digitally" Powell Elon "TSLA stonk too low imo" Musk Nancy "Stimulus talks going well" Pelosi Donny "Stop the count" Mango Janet "Unlimited QE bitch" Yellen Lisa "Su Bae" Su Ryan "Make Gamestop great again" Cohen ------------------------------------------------------------------------ VS ------------------------------------------------------------------------ Team Bear Jeff "No stock split to keep the poors out" Bezos Mitch "Stimulus talks not going well" Mcconnell Steven "Discontinue the PPP" Mnuchin Andrew "PlTr PrIcE tArGeT $10" Left Tim "Don't call me by my slave name" Apple Michael "I'm publicly shorting TSLA" Burry Warren "I fought in the Civil War" Buffet Which team will win? Team Bull or Team Bear? Load up on weeklies for a ticket to the pay per view hell in the cell match. ------------------------------------------------------------------------ Special Guests: That one JPM analyst with TSLA 90p 12/18 Life savings SPCE calls guy Jim "FUCK ROBINHOOD" Cramer
December 2020

WallStreetBets

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