2011 Off topic thread(basketball,movies,etc whatever)

[MMA_scientist]

I saw Two for the Money. It was not a good movie. The difference between Rounders and TFTM is that Rounders is a good movie even if you are not interested in poker. I watched it before I started playing and I had no idea what they were talking about, but I still liked it. Now that I understand everything and get all the little details, I love it. Boiler Room is awesome whether you like selling/trading or not. TFTM was just a movie about a subject (sports betting) but it was not very good IMO. I enjoyed it because I am a degenerate, but if I wasn't, I don't think I would even recall seeing it.

[MMA_scientist]

I havent traded stocks since I bought and sold Google many years ago........still feel like a dope for not holding my stock longer.

Word. Getting out too early or staying in too long are the worst feelings. I do it mechanically.

[edman5555]

yeah almost bought and sold stock at some brilliant times. Almost. Now I own about 130 shares of walgreens stock(company I work for). It just went down like 6 bucks a share. Thats like 800 bucks.

[flyinggogoplata]

Take a look at what the metals and grains did on the commodity board today.

[SPX]

Fuck it, I'm going to download Two for the Money and watch it again tonight.

[MMA_scientist]

The whole market took a beating the last week. Just hang in there, Walgreens is a quality stock. It is not going to make you rich and you should probably sell some of it and diversify, but it is pretty much guaranteed to come back with the market.

As for commodities, I have never done that game. I scared. But gold and silver are for idiots. But you can make some money on them because you know for a fact that there are a ton of idiots. I am actually considering shorting some gold shares because I do not know how much more idiotic the population can get with this apocalyptic stuff. Precious metals are always up when there is fear that the economy is going to collapse, for some reason people think gold would be inherently valuable if the currency system collapsed... yeah that is what I am going to need, a big hunk of metal. Cows and chickens and grain is where it is at.

[SPX]

. . . yeah that is what I am going to need, a big hunk of metal.

I've wondered about this, too. It's like some people believe that gold has some inherent value that was imbued into it by God or something, like they don't realize it's only valuable because humans have said it is . . . at least for the time being.

But yeah, if Armageddon happens tomorrow I don't think anyone's going to give a fuck about necklaces and wristbands.

[edman5555]

yeah gold is basically useless aside from jewelry and a few industrial uses. I always bring that up with my step father. It could easily go up though for all i know.

[MMA_scientist]

I've wondered about this, too. It's like some people believe that gold has some inherent value that was imbued into it by God or something, like they don't realize it's only valuable because humans have said it is . . . at least for the time being.

But yeah, if Armageddon happens tomorrow I think think anyone's going to give a fuck about necklaces and wristbands.

A lot of markets are driven by public sentiment, in this case- irrational fear. Gold does have some inherent value, as a conductor of electricity and as a soft metal. But most of the demand is created by the irrational fear that the currency will collapse and that gold will somehow be the default currency (it won't be). That said, the gold market has done better than the stock market... it has more than doubled in 5 years. But it is all based on guessing when the public sentiment will turn, since the gold itself is not inherently twice as valuable as it was in 2006. BUt stocks are the same way to certain degree... but it is much less of a guess. A stock the price reflects some actual real value. If the stock is down, it is generally because the business is not worth what it once was. But even that is not totally accurate, because the value of a company is based primarily on what we think it will do tomorrow (although partially on existing assets).

It is a lot of fun, but the available systems and research tools are mind bogglingly endless. It is easy to watch a stock gain 1200% (they do it every year) and think you can pick the next one. I have pickeed several stocks that have returned over 100% even up to 400%. But I also pick a lot of losers. It is harder than sports betting, but the upside is more and it is legitimate so it is easier to do with more money.

[Luke]

Fuck it, I'm going to download Two for the Money and watch it again tonight.

You wont like it anymore but I'm sure if it was about MMA betting you'd be saying it was the greatest movie ever.

[MMA_scientist]

yeah gold is basically useless aside from jewelry and a few industrial uses. I always bring that up with my step father. It could easily go up though for all i know.

Gold is shitty investment. It is for suckers. Just because the bets wins some of the time, doesn't mean it was a smart play. It is pure gambling. It can easily lose 50% of its value in a very short period of time. The price of gold is just now the same as it was in 1980 (the last bar bear market). It is going to drop very hard, it always does. It may be later than sooner though.

[flyinggogoplata]

The whole market took a beating the last week. Just hang in there, Walgreens is a quality stock. It is not going to make you rich and you should probably sell some of it and diversify, but it is pretty much guaranteed to come back with the market.

As for commodities, I have never done that game. I scared. But gold and silver are for idiots. But you can make some money on them because you know for a fact that there are a ton of idiots. I am actually considering shorting some gold shares because I do not know how much more idiotic the population can get with this apocalyptic stuff. Precious metals are always up when there is fear that the economy is going to collapse, for some reason people think gold would be inherently valuable if the currency system collapsed... yeah that is what I am going to need, a big hunk of metal. Cows and chickens and grain is where it is at.

yep

[flyinggogoplata]

A lot of markets are driven by public sentiment, in this case- irrational fear. Gold does have some inherent value, as a conductor of electricity and as a soft metal. But most of the demand is created by the irrational fear that the currency will collapse and that gold will somehow be the default currency (it won't be). That said, the gold market has done better than the stock market... it has more than doubled in 5 years. But it is all based on guessing when the public sentiment will turn, since the gold itself is not inherently twice as valuable as it was in 2006. BUt stocks are the same way to certain degree... but it is much less of a guess. A stock the price reflects some actual real value. If the stock is down, it is generally because the business is not worth what it once was. But even that is not totally accurate, because the value of a company is based primarily on what we think it will do tomorrow (although partially on existing assets).

It is a lot of fun, but the available systems and research tools are mind bogglingly endless. It is easy to watch a stock gain 1200% (they do it every year) and think you can pick the next one. I have pickeed several stocks that have returned over 100% even up to 400%. But I also pick a lot of losers. It is harder than sports betting, but the upside is more and it is legitimate so it is easier to do with more money.

I don't know how more legitimate it is to sports betting though. Guys can be on roids and refs and judges screw up but everything else is out there in the open for everyone to see. With stocks companies cook the books and all those annual reports aren't really what's going on in the company. It's like betting into a black box. One good side of stocks is that if you hit 50 % and do as good as a monkey throwing darts most years you're going to get back 8 or 9%. Can't do that sports betting.

[Luke]

I bought some silver at 7.80 at ounce in Oct of 2008 only because it was the lowest I had ever seen silver and sold it back at around $17ish ..........obv I knew it was going to 40+ am ounce I just didnt want the money.

I cant see how people are diving in to Gold and Silver now when they are at records prices,how much higher do people think its going to go? Of course they've probably seen some tard on CNBC say its going to 3000 and 200 an ounce so.............

[SPX]

You wont like it anymore but I'm sure if it was about MMA betting you'd be saying it was the greatest movie ever.

Nigga, are you ever happy?

I said I was going to check it out. I thought you'd appreciate the effort.