GameStop - GME - Share Chat

I learn from my mistakes. I have made a tidy sum from my buying and selling of silver over the years.

But then I never go all in, and only invest what I can lose.

Too many meme stock buyers have gone all in with every penny they have because of something they read online promising they will be millionaires

Show me an example of that here? Show me an example of you addressing that or responding in a fashion that shows you to give a damn as opposed to have a laugh at others expense.

Silver was touted months ago by shills on Reddit and laughed out of the serious forums by most. This was at the same time RKT and other pump and dump schemes were trying to distract those GME investors.

So you bought silver on the promise of a squeeze which didn’t materialise. You held it long and traded as what choice did you then have. You are now basing any squeeze prospect on your experience with silver despite the wildly different scenarios.

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I don’t know about his investments, but you seem to be imagining a lot of detail that wasn’t in what he actually said.

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Around 10 years ago the silver squeeze thing was pretty hyped up, and you could find just as much supposed DD on why silver was a sure thing. most of it was BS. It did cause a spike up to nearly $50 then it crashed back down, but some people didn’t stop believing

To me there are parallels with the spike GME has already had. It may be different this time but I wouldn’t be in the least surprised if it wasn’t

incidentally with the silver thing JP Morgan was the evil institution with the massive short position, you’d have done far better over the last 10 years holding JP Morgan shares


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Which details might I have imagined?

:joy: No I didn’t buy silver because of the short squeeze claim. (By the way, the silver short squeeze isn’t a recent event as you’ve just suggested, but something the “experts” with their “DD” have been predicting for years)

I bought silver and gold as a hedge to inflation, not because of the claims of a short squeeze. I mentioned the squeeze as an example of internet “experts” promising the world and delivering nothing. Something I see repeating here, now.

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Spot on. :grin::+1:

You might have guessed right, but that cannot be inferred from his comments.

Waiting for the silver squeeze that everyone was talking about doesn’t mean he invested in silver because of it. Nor for that matter does it even suggest he believed it was going to happen. Given his comments, I actually interpreted it as a sarcastic waiting because he wouldn’t still be waiting for the squeeze after all this time if he actually still had money in it.

Sounds like normal buying low, selling high behaviour to me. Again, no mention that he’s just been HODLing all this time.

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You called your silver investment a mistake and said you learned from it. You also said you were waiting for a squeeze which to me implies you expected it to come along.

If you bought as a hedge to inflation why was it a mistake? I know about 10 years ago but silver is silver and it’s squeeze potential was laughed out of the forums for the same reasons it has never materialised.

Sorry Dave, replied to wrong comment :v:

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Learning from mistakes, is something that everyone should do.

I originally held silver as a hedge, but then along came a bunch of Reddit experts with their fancy graphs and DD and told me that next year I’m going to be a millionaire. So I rubbed my hands and thought, that’ll be a nice bonus. But it never happened, it didn’t affect my original thinking about holding silver though.

The mistake I made was thinking that people who post on Reddit are experts. They’re not. They are enthusiastic amateurs at best, conmen at worse.

I now take anything I read online with so much salt that even Lot’s wife would look like a pinch.

For the record, my gold and silver holdings fluctuate between 10% and 20% of my total investments.

Defence Attorney ralf :rofl:

What can I say? I’ve just got mad skills! :smiley:

Also, wannabe script-writer: GameStop: What if they’re right? A question for Freetrade - #111

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It’s ok bro, once bitten, twice shy. I get it. It certainly wasn’t retail investors pumping silver a decade ago, as mentioned above. Nor is it big banks or institutions pumping GME now so your logic is somehwat
 reversed?

It was mainly shills from silver selling sites pumping silver, which was then passed on by retail investors. The big institutions were the bad guys back then as well, it’s not really a reverse situation.

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It wasn’t retail investors pumping silver? Obviously you never saw any of the silver forums or the thousands of YouTube videos on the subject.

The wheel wasn’t invited by the millennials.

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Hi @Naturally did you make any more progress with this ?

I’ve recently read that etoro is in a similar position but rather than taking proxy votes they will return a broker ‘non-vote’ for the amount of shares held by etoro users.
See here: https://www.reddit.com/r/Superstonk/comments/nhpsgu/etoro_will_not_vote_and_will_submit_broker/

I know it would be nice for freetrades gme holders to be able to vote but if we can’t it would be good to know the shares had at least been counted.

Could freetrade confirm that if we cannot vote as expected, that a non-vote will be counted for all the gme shares held by freetrade users?

Thanks

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I’ve emailed them and they said they weren’t sure and he would ask. But no haven’t heard anything

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Thanks @Naturally .

Ive dropped them a message myself so hopefully we will find out soon.

Not sure if Ollie’s reply there clarifies if the non-votes are actually counted or if the number of shares held by freetrade ‘could’ be determined