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submitted 8 months ago* (last edited 8 months ago) by goblin@lemmynsfw.com to c/lemmyshitpost@lemmy.world

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[-] MeatsOfRage@lemmy.world 320 points 8 months ago* (last edited 8 months ago)

Looking at a couple hours of a stock means nothing and is purposely misleading. Zoom out and it's got pretty good upward consistency.

Posts like this are like the sad ex who can't move on and just makes up bullshit about their former partner. Let's move on and make Lemmy better instead of being stuck making up fake news for internet points.

[-] awwwyissss@lemm.ee 83 points 8 months ago

Sir, this is a ~~Wendy's~~ shit posting community

[-] Kusimulkku@lemm.ee 23 points 8 months ago

This feels like straight up agenda posting. Posting it to a shitposting sub doesn't make it any different.

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[-] ObviouslyNotBanana@lemmy.world 3 points 8 months ago

People really seem to think this community has only serious bones in its ruling body

[-] Kusimulkku@lemm.ee 7 points 8 months ago

On the other hand, being posted to a shitposting sub doen't make something a shitpost. Shitposts don't have to be jokes but just feels like agendaposting, which feels a bit lame in a shitposting sub.

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[-] saltesc@lemmy.world 32 points 8 months ago

I do this all the time in my reports to execs. If they're not paying attention to something I've been raising, I zoom the y axis in to show big up and down ticks in a visually alarming way. Similarly if they're obsessed with something stupid, I zoom out and show a much more flatlined and consistent graph so they get the big picture.

[-] wolfpack86@lemmy.world 8 points 8 months ago

Facebook stock had a notoriously horrible IPO. I bought at open and had friends laughing at me when it went to $18ish. I doubled my position.

Finally sold most of those shares at $475.

[-] BeansLeg@lemm.ee 4 points 8 months ago

I agree with the sentiment but it certainly has not been a clear upward trajectory.

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[-] db2@lemmy.world 61 points 8 months ago

They already pumped it and dumped, you're seeing the after effect now.

[-] andrewth09@lemmy.world 50 points 8 months ago

God, please don't turn Lemmy into "haha reddit stock goes down" literally any time their stock fluctuates.

[-] grrgyle@slrpnk.net 8 points 8 months ago

A similar thing happened with one of my favourite podcasts: Tech Won't Save Us. They just started crowing about what a craven loser Elon Musk was at every opportunity. And it really sucked all the life out of the podcast for me. Like it used to be super interesting, well researched, broad, hopeful; and suddenly it seemed to only be about dunking on billionaires.

Which, deserved. But I don't want to hear about Musk's stupid machinations while I'm doing food prep. I want to hear about something cool, like collective action in India.

Maybe I'm in the minority though. Or maybe it's gotten better by now. Idk

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[-] confluence@lemmy.world 49 points 8 months ago

Truth Social should be next

[-] wintermute_oregon@lemm.ee 7 points 8 months ago

I ponder who the fuck is buying truth social. That is the puzzling part to me.

[-] awwwyissss@lemm.ee 31 points 8 months ago

Very wealthy people who want to transfer money to Trump outside of legal channels in exchange for favors political favors.

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[-] ChillPill@lemmy.world 47 points 8 months ago

1000006853

[-] ObviouslyNotBanana@lemmy.world 35 points 8 months ago

Anyway

[-] Etterra@lemmy.world 42 points 8 months ago

Get back to us in 6 months and we'll see how it's going. I have low expectations. Somehow capitalism always finds a way to propagate itself, no matter how little sense it makes.

[-] jeffw@lemmy.world 41 points 8 months ago* (last edited 8 months ago)

Is this anti-Reddit? It’s still up like almost 20% since the IPO?

[-] goblin@lemmynsfw.com 43 points 8 months ago

line go down

[-] jeffw@lemmy.world 28 points 8 months ago

Now change the view to anything but 1 day. Line go up. So what?

[-] gregorum@lemm.ee 8 points 8 months ago

It peaked at like 78, but now it’s been been on a downward trend

[-] gravitas_deficiency@sh.itjust.works 6 points 8 months ago

There’s always a spike.

[-] jeffw@lemmy.world 5 points 8 months ago

So it went straight up for a week and had a 1 day correction but is still way up over the past 72 hours. What am I missing here?

[-] Ilovethebomb@lemm.ee 20 points 8 months ago

Reddit bad, line going down is good. Don't over think it.

[-] JoShmoe@ani.social 4 points 8 months ago

Liquidation is the easiest means of generating profit. Investors are just looking for the quickest exit scam. Thats a lot of people waiting to pullout.

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[-] gravitas_deficiency@sh.itjust.works 21 points 8 months ago* (last edited 8 months ago)

I just don’t like the stock

Edit: this is not investment advice

[-] kimpilled@infosec.pub 17 points 8 months ago

I hate the stock.

This is investment advice.

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[-] driving_crooner@lemmy.eco.br 40 points 8 months ago

OP: *post on c\shitposting *

Nerds: actually, the valuation from the IPO have being up 20%, and you can't evaluate an stock from its movements on a couple of hours.

[-] Kusimulkku@lemm.ee 32 points 8 months ago

*Agenda posts*

"This is misleading"

"Hehe nice try but I posted it to shitpost subreddit so you shouldn't say anything about that"

I don't think it works like that lol

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[-] brlemworld@lemmy.world 39 points 8 months ago

What a misleading post, it's up a lot apparently.

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[-] jordanlund@lemmy.world 34 points 8 months ago

You're only looking at one day, not since the IPO dropped.

[-] ObviouslyNotBanana@lemmy.world 9 points 8 months ago

That's a bad shitpost

[-] doggle@lemmy.dbzer0.com 21 points 8 months ago

Extremely volatile, as anyone expected. Since they started the IPO at $34 things aren't going bad at all so far.

Give it a year, and we'll see what the company's actually worth.

[-] gravitas_deficiency@sh.itjust.works 20 points 8 months ago

Wheeeeeeeeeeeeeeeeeeee

[-] 200ok@lemmy.world 11 points 8 months ago

Gonads and strife

[-] Feathercrown@lemmy.world 19 points 8 months ago

[-] EdibleFriend@lemmy.world 11 points 8 months ago

(plz keep giving me reasons to use this it brings me joy)

[-] AllonzeeLV@lemmy.world 11 points 8 months ago

...And nothing of value was lost.

[-] werefreeatlast@lemmy.world 10 points 8 months ago

Great penny stock next week

[-] gmtom@lemmy.world 9 points 8 months ago* (last edited 8 months ago)

🎵It all returns to nothing.

It all comes tumbling down tumbling down tumbling down🎵

[-] MedicPigBabySaver@lemm.ee 7 points 8 months ago

Eat shit and sink. Stupid fuckers.

[-] tacosanonymous@lemm.ee 4 points 8 months ago

Can the kids in the stocks subreddits do a reverse GameStop on this?

Would just be hilarious if this thing went to zero in the first month.

[-] Semi-Hemi-Demigod@kbin.social 3 points 8 months ago

OP shorted it and is trying to wag the dog

[-] MxM111@kbin.social 3 points 8 months ago* (last edited 8 months ago)

Now, do yesterday!

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this post was submitted on 28 Mar 2024

276 points (78.5% liked)

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