Sociopath Community

This man bought xbox one at one game stop and traded in for gift cards at a second gamestop

"All in all I bought 9 consoles, traded in 8 of them and had a $796 gift card at the end. Spent $408, and sold the ninth system for $225. Total spent $193"

After that I started spending the money. I had $796 on a gift card, and another $115 for their pro rewards program. I earned 84k rewards points from these transactions and already had 30k ish in my account. Cashed out for $115 store credit. Total store credit: $911........

This is the final haul. Oculus Quest 128GB. 2 $100 steam gift cards. Marvel Legends Infinity Gauntlet, and Marvel Legends Punisher Iron Man Helmet.

https://imgur.com/gallery/wUMZN9Z

IntelSat (I) - Bullish 

• Conference call outlining FCC report and deal in 10 minutes, looks like a decent agreement is in the works
• Earnings and revenues report released yesterday (after hours) -> Fantastic Revenue 
• Possible deal with MAXR -> Sub contract on MAXR $100 million plus NASA contract
• Value stock at $4

I already own MAXR and I am going to hold it, Intelstat will be something I hold or pump and dump for the day. Press conference just started and things sound good so far.

Virgin Galactic (SPCE) - Caution 

• It will crash hard, the question is when? 
• Conference this morning that could either give massive gains today or kill momentum
• No revenues -> Financial Statements to be released Tuesday 2/25/20

About to check out the press conference and I'll decide if I want to buy this stock and hold it for a few hours

This is good. When I get more time I hope to check out your picks and add a few myself. For now, I've been following this link.

https://www.gurufocus.com/stock-market-valuations.php

which shows, in general, a significantly overvalued market. So selling and/or shorting may be in my future.

I checked the GME chart and set it to max. It starts in 2002 in the PS2 era.

There was a price increase in the anticipation of the PS3 then it came out and the stock surged for 2 years. Then something similar happened in 2013 with the launch of the PS4, It lasted 2 years but it never surged as high.

You might really see a 4x or an 8x with GME when Microsoft and Sony release their new consoles, but this console release could possibly be different for GME as the consoles themselves are killing GME, since any game can be purchased and downloaded through the console itself.

The money maker for Sony, Microsoft and even GME, are the game sales.

GME's customer base is shrinking, and the number of consoles people will have delivered straight to their homes will most likely smash GME's sales this time.

Still there's a good chance GME will be profitable if you get it now go long, then watch it and listen to reports every single day, cause at the first sign of bearish activity you'll want to sell it.

I think GME will have to evolve into a website where everything they sell can be purchased and delivered online and competitively. Otherwise they could end up like blockbuster.

One thing to note about the PS5 and XboXwhatever, if they come out with 2T SSD drives, things will get worse in the world of selling games on hard copy, but on the other hand triple A games are getting bigger in scale, but I wouldn't expect "most" of the titles on these consoles to be all that much more sophisticated than the average console games we see now. 

Despite my concerns for GME, it's still good, but this could be their last chance to make changes to their business model.

Indicators are tools we use to measure how much money is going in and out of a market. My personal favorite is the MACD indicator. ( Moving Average Convergence Divergence (( mac'dee ))

Notice the section beneath the chart. That is the MACD.

For the record, if you want to get serious and monitor your investments, whatever it is in the markets, go to www.Tradingview.com.

There is the MACD indicator underneath the GME chart in this case. 

How to read it ? I'll water it down. Yellow line is the MACD line, and the blue is the signal line. Once you learn it, it really doesn't matter which is which, what matters is when the lines cross high or low.

In the MACD section we can also see those red and green bars that's like a 2nd guess, but it shows movement in both directions. Between the red and green, would be the 0 point, or invisible line you need not concern yourself with all that much. It's just up and down.

For example. At the very end of the chart, we see the MACD lines cross upward from a low indicating a buy signal, when it happens again it will be at a higher point indicating to the trader to sell.

The MACD is a live trading tool and it's generated alongside the chart. You can set it to 1 minute if you wish. ( Which is the boom diggity if you're trading something as fast as cryptocurrency ) We can see the lines closing in on one another, and our trading is more refined.

Those red and green bars as you can see from the patterns they make, when it goes closer to 0 point, that doesn't always mean it's going to cross over, but technically, most of the time it does.

Happy investing, and remember, don't invest more than you can afford to lose, unless of course you want to do that, it could work out, but anything can happen even when things are looking up.

Jabels said: 

This is good. When I get more time I hope to check out your picks and add a few myself. For now, I've been following this link.

https://www.gurufocus.com/stock-market-valuations.php

which shows, in general, a significantly overvalued market. So selling and/or shorting may be in my future.

 I agree, a lot of the Market is overvalued to hell.

Spatial Mind said: 

I checked the GME chart and set it to max. It starts in 2002 in the PS2 era.

There was a price increase in the anticipation of the PS3 then it came out and the stock surged for 2 years. Then something similar happened in 2013 with the launch of the PS4, It lasted 2 years but it never surged as high.

You might really see a 4x or an 8x with GME when Microsoft and Sony release their new consoles, but this console release could possibly be different for GME as the consoles themselves are killing GME, since any game can be purchased and downloaded through the console itself.

The money maker for Sony, Microsoft and even GME, are the game sales.

GME's customer base is shrinking, and the number of consoles people will have delivered straight to their homes will most likely smash GME's sales this time.

Still there's a good chance GME will be profitable if you get it now go long, then watch it and listen to reports every single day, cause at the first sign of bearish activity you'll want to sell it.

I think GME will have to evolve into a website where everything they sell can be purchased and delivered online and competitively. Otherwise they could end up like blockbuster.

One thing to note about the PS5 and XboXwhatever, if they come out with 2T SSD drives, things will get worse in the world of selling games on hard copy, but on the other hand triple A games are getting bigger in scale, but I wouldn't expect "most" of the titles on these consoles to be all that much more sophisticated than the average console games we see now. 

Despite my concerns for GME, it's still good, but this could be their last chance to make changes to their business model.

 

Couldn't have said it better myself, I have very little doubt GME will have a nice jump in Q3 over console hype but they are on their last leg because most of their cash flow is from the used game market.

This will be there last ride if they don't shift gears completely, luckily they'll have bonds maturing and the console bomb happening within a 6 month span so they'll have runway to make adjustments. I just don't really see how they'd compete in the long term though. 

Avoided SPCE like the plague today and glad I did.

IntelSat up 13.22% today, was a solid pick. FCC is to make a decision on redraft sometime between Feb.28 to sometime in early March. A lot of variables here but this is a great 5g stock that is definitely undervalued. Needs more volume for a strong run, though. 

In GME for the long hall, buying dips below $4. 

My MaxR position is well in the green now, though I did get worried when it dropped below $17 today. They got a $142 million contract with NASA on Feb 3 and just announced quarterly dividend. There's a investor meeting March 3rd. 

IntelSat and MaxR are both space infrastructure companies which is growing. Maybe that the hype from SPCE gains spills into I and MaxR because SPCE is not worth its price. If they realize this hopefully they'll pour some money into Space companies that are actually lucrative and improving their standard of living.