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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,363
Loc: The Inexpressible...
Last seen: 1 hour, 11 minutes
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Re: Should have bought Nintendo stock. [Re: Kush_Zombie]
#23441879 - 07/14/16 07:59 PM (7 years, 6 months ago) |
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Quote:
Kush_Zombie said: Fuck Pokemon Go.
That's right,
I said it.

Nintendo is killin it!
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HamHead
Hard Ass Motherfucker



Registered: 03/17/15
Posts: 6,107
Loc: Galactic sector ZZ9 Plura...
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Re: Should have bought Nintendo stock. [Re: nooneman]
#23441893 - 07/14/16 08:03 PM (7 years, 6 months ago) |
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Quote:
nooneman said: Stocks are the same as gambling unless you have a TON of money and a LOT of knowledge.
I'm a dealer at one of the local casinos and don't really like to gamble, but both you and I know that when this game is released, people are going to be all over it. Whatever the gain, it's still a gain, no?
I don't have much money to invest and would rather not, but I'll be kicking myself if I miss this very obvious opportunity.
-------------------- The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February. https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF This online first version has been peer-reviewed, accepted and edited, but not formatted and finalized with corrections from authors and proofreaders https://www.icandecide.org/
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psi
TOAST N' JAM


Registered: 09/05/99
Posts: 31,456
Loc: 613
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Re: Should have bought Nintendo stock. [Re: HamHead]
#23441922 - 07/14/16 08:10 PM (7 years, 6 months ago) |
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Quote:
HamHead said: I know shit about stocks. Buy low, sell high or some shit.
Anyone else seeing this as an opportunity as I am?
It's more like "buy high, hope to sell higher" in this case. The price has nearly doubled in a week. How high is it really going to go over one game?
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nooneman


Registered: 04/24/09
Posts: 14,568
Loc: Utah
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Re: Should have bought Nintendo stock. [Re: HamHead] 1
#23441923 - 07/14/16 08:10 PM (7 years, 6 months ago) |
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It'll go up for a while, and it'll go down for a while. The problem is: when do you buy and when do you sell. What if you buy now, but the market has already corrected for the success of Pokemon go? In fact, what if you buy because of Pokemon Go, but Nintendo is actually in deep financial and structural trouble that you know nothing about. The current high stock price might actually overvalue Nintendo and as a result you could end up losing your money.
Even if you do buy, at what point are you going to sell? If you hold onto it long enough (and it doesn't take long), you're gonna lose money. If you buy at a five year or a ten year high, you're almost certainly going to lose money.
You could "gain" in the short term and not sell assuming it will go higher, and then the stock tanks and you lose money. Deciding when to sell is exactly the same as gambling: do I walk away with what I have, or do I keep going? Do I walk away with $10 more than I had? What about $20? What about $50? Oops, you waited too long and the stock crashed to half the price you bought it for.
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LogicaL Chaos
Ascension Energy & Alien UFOs




Registered: 05/12/07
Posts: 69,363
Loc: The Inexpressible...
Last seen: 1 hour, 11 minutes
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Re: Should have bought Nintendo stock. [Re: nooneman]
#23441941 - 07/14/16 08:17 PM (7 years, 6 months ago) |
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Thats teh ggamble of stock markets.
Some buy stocks and wait for slow growing growth in the stock, others try to do a quick turn around of buying then selling.
But as u mentioned, nobody knows when to sell your stocks.
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HamHead
Hard Ass Motherfucker



Registered: 03/17/15
Posts: 6,107
Loc: Galactic sector ZZ9 Plura...
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Re: Should have bought Nintendo stock. [Re: nooneman]
#23441978 - 07/14/16 08:29 PM (7 years, 6 months ago) |
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Yeah, I see people go up and down all day dealing cards/dice. I'm the kind of person that if I double up, I'm out the door. Like I said, wish I would have been in a week ago when they were low, but I didn't know about the game and what kind of hype it has been going around. It's crazy that something like this releases and people go nuts. I know it's a popular name but didn't know anything about go and only learned about it when it released recently.
I just can't help but feel this as an opportunity to make a little money as this game releases in these huge markets. Buy now before the release, wait till an obvious spike in the stock at release then sell.
I did this shit in GTA, this game's easy.
-------------------- The Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020 had developed coronavirus antibodies well before February. https://www.reuters.com/article/us-health-coronavirus-italy-timing-idUSKBN27V0KF This online first version has been peer-reviewed, accepted and edited, but not formatted and finalized with corrections from authors and proofreaders https://www.icandecide.org/
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nooneman


Registered: 04/24/09
Posts: 14,568
Loc: Utah
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Re: Should have bought Nintendo stock. [Re: HamHead]
#23442326 - 07/14/16 10:26 PM (7 years, 6 months ago) |
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If you want to do it, you should do it 
Just don't spend a lot of money on it.
Edited by nooneman (07/14/16 10:27 PM)
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