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investing and short selling by fierosound
Started on: 02-02-2021 06:33 PM
Replies: 10 (203 views)
Last post by: randye on 02-04-2021 11:28 PM
fierosound
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Report this Post02-02-2021 06:33 PM Click Here to See the Profile for fierosoundClick Here to visit fierosound's HomePageSend a Private Message to fierosoundEdit/Delete MessageReply w/QuoteDirect Link to This Post
An analysis of what happened with GameStop (Fiero used in example of investing)

"For example, imagine that your friend Cory has a broken-down Pontiac Fiero that he buys for $100.
You decide to buy 50% of this Fiero for $50. But then, Cory buys the Fiero some tires, clears the rat’s nest out of the
engine bay and installs some pretty sweet fuzzy dice over the rear-view mirror, thus raising the value of the Fiero to $500.

As the 50% owner of this Fiero, your share is now worth $250 – a rise of 400%! Very good investing!"

"... if Cory huffs too much glue and crashes the Fiero into a ravine, all you’re going to lose is $50."

Shortselling is riskier than regular stock trading... here's why GameStop shortsellers got caught short...
https://nationalpost.com/ne...-gamestonk-explained


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My World of Wheels Winners (Click on links below)

3.4L Supercharged 87 GT and Super Duty 4 Indy #163

[This message has been edited by fierosound (edited 02-02-2021).]

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cliffw
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Report this Post02-03-2021 07:12 AM Click Here to See the Profile for cliffwSend a Private Message to cliffwEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by fierosound:
An analysis of what happened with GameStop (Fiero used in example of investing)

"For example, imagine that your friend Cory has a broken-down Pontiac Fiero that he buys for $100.
You decide to buy 50% of this Fiero for $50. But then, Cory buys the Fiero some tires, clears the rat’s nest out of the
engine bay and installs some pretty sweet fuzzy dice over the rear-view mirror, thus raising the value of the Fiero to $500.

As the 50% owner of this Fiero, your share is now worth $250 – a rise of 400%! Very good investing!"

"... if Cory huffs too much glue and crashes the Fiero into a ravine, all you’re going to lose is $50."


Interesting analogy. Also in your link's video, (85GT? )

then one could buy Cory's share of the Fiero for next to nothing, and part it out maybe for $500.00. A 800% rise in the initial investment, .

Shortselling is riskier than regular stock trading... here's why GameStop shortsellers got caught short...
https://nationalpost.com/ne...-gamestonk-explained


.[/QUOTE]

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randye
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Report this Post02-03-2021 03:58 PM Click Here to See the Profile for randyeClick Here to visit randye's HomePageSend a Private Message to randyeEdit/Delete MessageReply w/QuoteDirect Link to This Post
Never let anyone that uses a Fiero as an example give you any kind of financial advice.

[This message has been edited by randye (edited 02-03-2021).]

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MidEngineManiac
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Report this Post02-03-2021 07:07 PM Click Here to See the Profile for MidEngineManiacSend a Private Message to MidEngineManiacEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by randye:

Never let anyone that uses a Fiero as an example give you any kind of financial advice.



Yeeehhhhhhh......as a group we really arent that financially bright.

Fiero is broken, lets buy another one.
It followed me home.
WHAT ????, those 3 are just for parts to save money later.
Yes it DOES need to be modified.
No, its not a hole in the driveway to fill with money. Its a hole in the garage floor to fill with money !!!!


Sheesh, and at one time I thought airplane people were nuts !!!!

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Wichita
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Report this Post02-03-2021 10:19 PM Click Here to See the Profile for WichitaSend a Private Message to WichitaEdit/Delete MessageReply w/QuoteDirect Link to This Post
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randye
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Report this Post02-03-2021 10:52 PM Click Here to See the Profile for randyeClick Here to visit randye's HomePageSend a Private Message to randyeEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by MidEngineManiac:


....as a group we really arent that financially bright.



Speak for yourself.

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sourmash
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Report this Post02-04-2021 07:19 AM Click Here to See the Profile for sourmashSend a Private Message to sourmashEdit/Delete MessageReply w/QuoteDirect Link to This Post
The people regulating Wall Street come from Wall Street and plan to go back to Wall Street when done. The problem isn't complex.
Some will say it's the Russians, the Chinese or Iranians that threaten us.
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Jake_Dragon
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Report this Post02-04-2021 06:24 PM Click Here to See the Profile for Jake_DragonSend a Private Message to Jake_DragonEdit/Delete MessageReply w/QuoteDirect Link to This Post
Anyone let me borrow a Fiero?
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Hudini
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Report this Post02-04-2021 11:11 PM Click Here to See the Profile for HudiniSend a Private Message to HudiniEdit/Delete MessageReply w/QuoteDirect Link to This Post
Fieros Forever has a few you can borrow. Might have a little water damage.
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maryjane
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Report this Post02-04-2021 11:15 PM Click Here to See the Profile for maryjaneSend a Private Message to maryjaneEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by fierosound:

An analysis of what happened with GameStop (Fiero used in example of investing)

"For example, imagine that your friend Cory has a broken-down Pontiac Fiero that he buys for $100.
You decide to buy 50% of this Fiero for $50. But then, Cory buys the Fiero some tires, clears the rat’s nest out of the
engine bay and installs some pretty sweet fuzzy dice over the rear-view mirror, thus raising the value of the Fiero to $500.

As the 50% owner of this Fiero, your share is now worth $250 – a rise of 400%! Very good investing!"

"... if Cory huffs too much glue and crashes the Fiero into a ravine, all you’re going to lose is $50."

Shortselling is riskier than regular stock trading... here's why GameStop shortsellers got caught short...
https://nationalpost.com/ne...-gamestonk-explained


.

I don't get it.
This sounds pretty fishy, perhaps even fraudulent.
If, (as you plainly stated) my friend Cory HAS a broken down Fiero.............why, does he then buy it? Did he buy it from himself?
Is by chance, Cory's real name ... Billy Sol Estes?

[This message has been edited by maryjane (edited 02-04-2021).]

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randye
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Report this Post02-04-2021 11:28 PM Click Here to See the Profile for randyeClick Here to visit randye's HomePageSend a Private Message to randyeEdit/Delete MessageReply w/QuoteDirect Link to This Post
 
quote
Originally posted by maryjane:

I don't get it.
This sounds pretty fishy, perhaps even fraudulent.
If, (as you plainly stated) my friend Cory HAS a broken down Fiero.............why, does he then buy it? Did he buy it from himself?
Is by chance, Cory's real name ... Billy Sol Estes?



The bigger question is did Cory open a brokerage account and a margin account before all this "Fiero trading" nonsense took place ?
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