Another options trading casualty eh? Figures. Options trading is very alluring to the young "invincible" 20 somethings struck by that get rich quick before 30 mindset.
(Hmm post I just typed up didn't show up probably cause of profanity so I'll try this again.)
It's only after a big loss that they realize it's only for gambling/entertainment. No place for any serious investing other than fun/small trades. Most retail traders don't use options trades to protect their long/short positions either. Yeah if you've got the cash you can write uncovered calls and puts to try to collect premium every week/month, but even there...eventually some nasty surprise volatility catches you one week/month and you take a big loss covering.
It's too bad what happened to him but hey...can't blame the kid for trying.
What you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.
deuxtrax at least on the bright side, you'll have some nice capital losses when you do your tax return next year. But remember, if your capital losses exceed your capital gains for the year, you can only deduct up to $3,000 a year from your taxes. The rest you'll have to carry over to the following years.
I warned you fools yesterday. I actually spent a considerable amount of my time yesterday WARNING you guys this thing was NOT going to pop up after earnings. Management has always sucked at this company and will continue to.
I hope you are enjoying your "front row seats to sell the news" event. Shame on you for not heeding my warnings yesterday.
Ughhh...do you whinny b%@#es ever shut up? Obviously you have no clue what you're doing with this stock other than buying using the following BRILLIANT reasoning: "OH! LOOK! GTA 5 SOLD WELL, SO LET'S FORGET ABOUT THE YEARS AND YEARS OF COMPANY MISMANAGEMENT AND DILUTION BECAUSE THIS THING IS DEFINITELY GOING TO SHOOT UP ON A PAST EVENT THAT WAS PRICED IN TWO MONTHS AGO!"
You guys seriously need to stick to playing video games and stop trading. Best advice I can give any of you TTWO longs.
You guys should be happy. GTA 5 is the reason why this garbage company didn't sink down to 16 right now.
You guys look like you might wanna hit me in the face.
You do, I can tell.
Well why don't you do it?
Why don't you punch me in the face?
PUNCH ME IN THE F*#$%@G FACE!
I hope today you guys learn a valuable lesson about the way stock valuation works in this day and age. Seems like the only way to teach people anything anymore is by hitting them in the wallet.
yealetsd01t the market is forward looking. An event being baked in doesn't necessarily mean day traders, algos, and general market volatility can't cause a further pop up. Would I be surprised if this gets as high as the lows 20s by Wednesday? No, not really.
But do you people honestly believe the market has suddenly forgotten that tomorrow's earnings will reflect GTA 5 sales? And that the stock has fallen from upper 18s in September to mid 16s this month, DESPITE the fact that GTA 5 was released during that time period? Here we are, less than 24 hours away from earnings release, and TTWO has only managed to get back up to 17.68.
You do the math
kent, what you just wrote is one of the most insanely idiotic posts I have ever read on yahoo forums.At no point in your rambling incoherent post were you EVEN CLOSE to anything that could be considered a rational thought. Everyone here is now dumber for having read your post. I award you no points, and may God have mercy on your soul.
You should DEFINITELY stick to playing video games instead of giving everyone your dumb, uneducated opinion on the stock pricing of two completely different companies in two completely unrelated industries, because you clearly have no idea #$%$ you're talking about here
Alright...so the stock goes back up to the 18s..maybe flirting with 19 again on news that GTA sales were record shattering. And I wouldn't doubt they were, as I saw lines of kids waiting for the game at local Gamestops and malls...as if a brand new iPhone had just been released. So the stock surges as a result tomorrow and/or Wednesday.
And then what do you geniuses think will happen? Have you put any thought into where this company is headed after GTA 5? What exactly do you think is going to be driving sales going into next year once everyone and their mother already owns GTA 5 by Christmas? What future prospects are there for investors here? At 18 - 19 the GTA5 euphoria is fully baked into the price. Why would I want to hold shares after tomorrow?
All I'm saying is, don't be surprised if you guys end up with front row tickets to a sell the news plunge in the very immediate future.
You can keep boasting about how great of a trader you are, but it still does not change the fact that I NAILED your mom.