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Sokani posted:Congrats to $5 Nokia call guy, you made it! 🙂
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# ? May 7, 2021 14:57 |
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# ? Apr 17, 2024 23:12 |
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cr0y posted:NDRA's ticker in this thread is now $GOON and I propose anyone who doesn't refer to it as that gets a probe. I bought another 180 shares because we believe in the principal of No Not Believin'. (also my DD and basic investment thesis for the stock hasn't changed meaningfully and price is down with quarterly coming up soon). e: also new patents sounds promising https://finance.yahoo.com/news/endr...pdrHuD1TitGgi1b
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# ? May 7, 2021 15:05 |
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Mederlock posted:I bought another 180 shares because we believe in the principal of No Not Believin'. (also my DD and basic investment thesis for the stock hasn't changed meaningfully and price is down with quarterly coming up soon). Same I bought a whopping 5 shares
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# ? May 7, 2021 15:10 |
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Yesterday I was sweating my $10k worth of 5/7 418c on SPY and today I'm rolling in the dough. Happy birthday to me! My NKLA puts dropped 50% today because the stock is having a nice rally but they expire next Friday so I'm still banking on a week of suck.
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# ? May 7, 2021 15:11 |
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How exactly is bad jobs numbers good? E: also eTrade is loving slammed and non responsive glad I'm not trying to exit
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# ? May 7, 2021 15:18 |
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cr0y posted:How exactly is bad jobs numbers good? Bad jobs means the government is more likely to turn on the money printer again to help the country out. This may or may not be true and may or may not happen, but number goes up today because of this idea.
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# ? May 7, 2021 15:20 |
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cr0y posted:How exactly is bad jobs numbers good? My portfolio has never been this green, so I have no loving clue. My guess is that if so many people are out of work, the market is tilted towards buying, because there may not be as many retail investors as previously thought, and because it likely means interest rates will remain low longer than they thought. Edit: Yes, also more stimulus.
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# ? May 7, 2021 15:21 |
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Oh ok so money printer go brrrr And also me go brrrr, loving printing today
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# ? May 7, 2021 15:22 |
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please knock Mom! posted:sold some stonks to buy a house today Congrats. Probably a better investment than holding all my RYCEY shares.
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# ? May 7, 2021 15:25 |
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Tokyo Sex Whale posted:I’d wait a bit after open because the green candle could be even huger but I would short Nasdaq back to $333 qqq/13650 /NQ if it doesn’t clear $340/13950. Shorted /NQ at 13805 crossing fingers
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# ? May 7, 2021 15:25 |
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ChocNitty posted:I'm thinking of having my whole portfolio be Apple. I've pared my stockfolio down to Apple, NDRA, Ericsson, Kindred, Astralis. (+ a broad selection of funds, and a small amount in crypto certs)
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# ? May 7, 2021 15:36 |
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I bought an ENPH call yesterday and its already up 22%, almost wipes out the bath I took on the TLRY merger that I bailed on to buy it
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# ? May 7, 2021 15:59 |
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My SPY calls are slowly cleaning up the mess I made putting money into MNMD, and if that comes back i'll be even more gravy.
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# ? May 7, 2021 16:12 |
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The Polish Pirate posted:Yesterday I was sweating my $10k worth of 5/7 418c on SPY and today I'm rolling in the dough. Happy birthday to me!
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# ? May 7, 2021 16:20 |
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Deviant posted:My SPY calls are slowly cleaning up the mess I made putting money into MNMD, and if that comes back i'll be even more gravy. MNMD options are available now if you want to start chipping away with CCs
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# ? May 7, 2021 16:44 |
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Tokyo Sex Whale posted:Shorted /NQ at 13805 crossing fingers What exp date?
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# ? May 7, 2021 16:53 |
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Futures, front contract. I got in at a good spot so I’m going to continue holding but just set a stop for 13810 because it looks like it’s pinned a lot higher than I expected.
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# ? May 7, 2021 16:58 |
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The 10 year has filled its gap down, will NQ respond in kind?
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# ? May 7, 2021 17:29 |
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Ola posted:The 10 year has filled its gap down, will NQ respond in kind? It’s like watching a hot air balloon deflate a mouse fart at a time this is excruciating e: moved my stop down to 13750 so I can stop watching it ee: moved it down to 720 and stopped out, low was 662 Tokyo Sex Whale fucked around with this message at 20:04 on May 7, 2021 |
# ? May 7, 2021 17:36 |
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gently caress yeah this is the real Good Friday. Not like that bullshit in April.
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# ? May 7, 2021 17:43 |
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FasterThanLight posted:MNMD options are available now if you want to start chipping away with CCs I'm touchy about options with the anxiety these SPY calls have been giving me, but I'll look into it. I've got 1000 shares of MNMD, and I know selling covered calls isn't as risky, I just might not get a favorable price if MNMD were to pop off and exceed say, a $5 strike price? Edit: let me make sure i follow this right. I own 1000 MNMD @ 4.17 each, not a great price. I sell 10 Covered Calls at strike of $5, expiring May 21 or June 18. If, before that time, the stock price reaches $5 and the calls are in the money, someone can then purchase my shares at $5 each? So either way I'd get $5000 plus the call premiums, but I'd no longer own my MNMD? Essentially limiting my potential upside to ($5 - 4.17) x 1000, disregarding fees? I'm betting that MNMD won't reach $5 by doing this, but I'm only losing out on potential profits, rather than actually losing invested money if I do this, correct? Deviant fucked around with this message at 17:54 on May 7, 2021 |
# ? May 7, 2021 17:46 |
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Deviant posted:Edit: let me make sure i follow this right. Sounds right, but I’d put the math at (($5 - 4.17)x 100)x10. Same result, but that’s what’s happening. If it’s >$5 on strike date, you get that equation plus the premium you got and lose out on anything over $5. If it stays <$5, you keep the premium and the shares to sell a CC on again!
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# ? May 7, 2021 18:06 |
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Cool, that's a lot lower stress to me than buying calls where I feel like I'm just playing a scratch off based on what I think SPY is going to do
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# ? May 7, 2021 18:11 |
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I like a good friday. On Schwab the day changes don't reset until the next pre-market, so it makes me look at my green/red number all weekend. Today is a nice green number.
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# ? May 7, 2021 18:20 |
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The fact that US10Y is above the jobs release and NQ is as well confirms for me that this whole "access to cheap money" story is kinda bogus. It's the good old bad news = good news because the government feels compelled to not let number go down. People know the tech companies are full of poo poo, they're just trying to time the top.
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# ? May 7, 2021 19:05 |
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That has me wondering what SPY will do next week, if i should bail while these calls are back in the green, if only slightly, coupled with the aformentioned anxietybrain
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# ? May 7, 2021 19:14 |
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Go, RYCEY Get out of the red you beautiful british turd!
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# ? May 7, 2021 20:48 |
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SPY calls overall up 15% after taking a beating, NOK calls that have been collecting dust and rotting away since the meme days are nearly even 🙂 Today was a good day.
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# ? May 7, 2021 21:51 |
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Sold TLRY too early for less gains than I could have had (bought the merger dip hoping for a bounce play, which totally worked except I jumped the gun at +8%), cut OCGN and AHT at the bottom before the bounce, cleared out my remaining MNMD losses, and DKNG is being dumb. I am just full of bad decisions this week! My only consolation is that these were small gambling plays to test a new system of mine (which has failed spectacularly and now needs to be re-worked). Slowly moving all my failures into real long-term holds like AMD, MSFT, and maybe a pharma company or something I don't know I'm still exploring my choices, but unfortunately I'm still a little overleveraged on penny stocks (looking at you, EVIO and HITIF). I was hoping the weed penny stocks would pop off this year due to potential legalization, but clearly my expectations on that front are going to have to be... tempered. Or discarded. D1Sergo fucked around with this message at 23:31 on May 7, 2021 |
# ? May 7, 2021 23:04 |
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i bought a spy call (5/28 425c) a couple days ago and sold it for 120% gain today, one of the best plays i've made recently.
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# ? May 7, 2021 23:06 |
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Deviant posted:Cool, that's a lot lower stress to me than buying calls where I feel like I'm just playing a scratch off based on what I think SPY is going to do I'm gonna try to pay it forward here just from my own personal experiences, because over the years of lurking I've gained an amazing amount of advice from people that have done this type of thing, and I really valued it. I'll preface this by saying I'm not an expert, and if I'm wrong or if people don't agree, chew it up and spit me out because the goal is to always get better. I also enjoy talking about this poo poo because I love to learn more and have my poo poo cut into pieces if it's wrong so that I can fix it. ___ It's sort of been said already, but it's built in downside protection at the cost of limiting your upside reward. Some people are ok with this- in fact, I'm gleeful and I love it and am more than willing on something with less explosive upside growth because I subscribe to the 'bird in the hand' concept and love to try and make my money work for me. I like taking chips off the table instead of hoping for 4 of a kind. I also enjoy frequent monitoring and semi-constant activity, but you literally HAVE to be ok mentally leaving the potential for a good chunk of profit on the table. I can't emphasize this enough- you might *think* you're ok with it, but until you've experienced it, you just won't know. There are a good number of people who can't conceptualize the mental anguish they WILL feel if they sell a CC and the stock rockets. This also makes them do stupid things, like chase, buy out (which negates the reason for doing it in the first place and can make the strategy a net loss) etc. So we tend to try to prevent this possibility by not selling CC's on super volatile stocks. I'm not sure if it's my background in poker and having suffered a tremendous amount of bad beats/suckouts in my career (which isn't the same but over time and volume starts to wear down your reactionary sense to events like these) but I'm essentially numb to it, I just don't give a gently caress. I might smirk and feel a twinge of remorse as it's happening, but then it's back to stacking actual, realized gains and attempting to achieve consistent and constant growth. I *have*, however, been in these situations before, and it does suck to experience. Of course, there's usually almost always the chance to roll, buy to close, etc., but weird things can and will happen (one comes to mind a while back where I had SNAP CC's that were about $2.25 OTM on expiry date with an hour or so left in the day and I was planning on forgetting about it and letting them expire worthless. They were at like $0.02 lol. They'd bounced in and out of the money over the 3 weeks I sold them for but were decidedly out on expiration date. SNAP printed straight up and rallied $2.27 and with about 10 minutes left in the trading day my shares were called away. They were $0.02 ITM. SNAP finished $0.10 OTM at the end of the day. I didn't care because I bought back in after hours (below the strike!) but it was bizarre and an exception that I certainly didn't expect- but these weird things can and will happen!) So, address the underlying and ask why you'd sell CC's on a potentially explosive, high-upside stock, regardless of whether you're selling weeklies or 14 day to expiry or monthly CC's. I don't know anything about MNMD so I looked it up. Personally, I wouldn't sell CC's on this, but that's distinctly my own preference because you should be asking yourself: "why did I buy this stock in the first place?" In this case, the answer is almost assuredly "Because I think it has significant short/medium term upside potential triggered by possible binary results or huge hype" (I did some peripheral reading about the 'shroom boom' and I see these as distinct possibilities, but I admittedly don't know a lot about the stock/industry itself- yet) and in this case, I wouldn't sell CC's because the principles of capping your upside directly conflict with your reasons for buying the stock, if this is indeed your mindset. I also think it's slightly likely that your thought process may be influenced by your cost basis and being underwater and looking at this as a way to recoup unrealized losses, at least in part. I don't think this is a good idea for a number of reasons, some of which I'll get into below. If the answer is "Because I think there's a good chance that this will grow at a 45* angle over the next few years and other than maybe a few catalysts along the way I otherwise expect/hope for fairly consistent growth and upward trajectory but I'd also like to leave myself income generation in times of possible downturns or chop," you're set. Play out your possibilities and see how you *think* you'd feel on each (you won't know how you'll actually feel until it actually happens, but it's important to prep for all situations and to honestly evaluate. Don't lie to yourself: 'yea, I'm cool leaving 3k profit on the table, no problem!' Just because you may think it's extremely unlikely doesn't mean it can't/won't crush you if/when it happens. You sell 10 MNMD 5/21c @ $0.08 for $80. That money is in your account right away. Scenario 1: A really positive study (even from some other company) is released between now and then. A dramatic move upward, possibly well past your strike happens. Let's pretend that's the case and on 5/21 MNMD is $8.50/share. Well, that sucks. For $0.08 you lost out on $3.50/share over 1000 shares. $80 costs you $3500 here. You made a $910 profit overall (strike - cost basis + premium) but you're SOL on the excess gain. Addressing the earlier stuff, this would be a really lovely position to find yourself in if you sold CC's to partially recoup being underwater. You took substantial upside off the table to help recoup a slight loss. This isn't really a very likely outcome, though, so we can discount it (probably significantly) but it's still a possibility that you have to account for. Scenario 2: MNMD trades choppy for the next 2 weeks. On 5/21 it's at $3.85/share. Cool, you still have your 1000 shares and you've made $80 in premium. You're also less underwater than you were before. If you factor this against your cost basis, you've now paid $4090 for your 1000 shares instead of $4170. If you choose to, you could have used that $80 to buy x# of shares on the day you sold the option, increasing your position as well so that now you may have something like 1024 shares at a slightly lower cost basis. Now you're amplifying your returns when it goes up because you're slowly averaging down. Awesome! Scenario 3: MNMD heads down and on 5/21 it's $2.95/share. Same as above but you're more underwater than before, which will suck, but it's somewhat mitigated by lowering your cost basis a little. If you played this out with selling 6/18c's for $0.28 instead, the numbers can easily be plugged and changed, but I'd budget for a slightly higher probability of scenario 1 panning out to *some* degree because the longer you give, the more chances there are for catalysts. What's worse, if scenario 1 played out exactly as it did above, you get the joy of watching yourself underwater for 4 more weeks after what would have been the original expiration. It's not unlikely that the stock price continues to rally to, say, $12.00. Now the *real* pain sets in, unless you buy out (which starts a lovely chain reaction of events whereby you now have to convince yourself that the underlying has massive appreciation potential far greater than the amount you paid (or the amount you *thought* it had when you sold CC's) to buy out from the commitment to sell) and then start the chase process. This is really, really bad. You could consider stacking the options in a way that you can sort of try to maximize profit from all outcomes. If you're dead set on selling CC's because you like the concept and you're cool with the risk/reward, I'd maybe consider selling 3 or so 5/21 $5c for $24.00, 3 6/18 $5c for $84, and hold the additional 400 shares. Additionally, you could consider possibly selling 2 6/18 $7.50's (+$26) with their 184% IV and the ability to capture an additional $2.50/share to the upside. In this instance you can enjoy more upside potential and still collect $134 in premium. If the 5/21 $5c's expire worthless, you're free to sell 3 more contracts, generating more premium. If scenario 1 plays out and we've stacked the options (assume final price of $8.50 on 6/18) your values would be something like $3,000 ($5c's) + $1,500 ($7.5c) + $1,700 (200 shares x $8.50/share) + $134 in premium = $6334. Subtract your cost basis and you're now sitting on about a $2164 net gain plus you still own those 200 shares outright and can continue to ride with them if you so choose. This is probably more aggressive than I'd be- I likely wouldn't sell CC's at all, like I stated before, but if you're dead set on it I'd probably go with 10 6/18 $7.50's for $130 in premium while ensuring upside potential is solid, something like $3460 in profit if the strike is exceeded on expiration day. That's a nice (but unlikely) ~83% ROI! gently caress yeah! Last thing: remember, even though you may hear people say you can 'lose unlimited' money selling CC's, you cannot and will not ever lose money (meaning going negative). You will, however, cap your potential gain, which can be viewed as 'losing' because you're losing out on the ability to make more money. Don't get this twisted- I did when I was first learning about it, and I think it's something that scares people about options because they hear or unlimited losses/gains and just apply it across the board. Potential gains are not losses, it's just a cap on your potential profit. You're still making money, just less of it for the price of collecting the option premium and all potential gains under the strike. TheKevman fucked around with this message at 23:25 on May 7, 2021 |
# ? May 7, 2021 23:15 |
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TheKevman posted:you literally HAVE to be ok mentally leaving the potential for a good chunk of profit on the table. As a newbie, this rings true for me today: I left ~9% worth of TLRY growth on the table today and it feels bad and I'm second guessing myself, even though I made money. Meanwhile I'm cutting losses for other plays at -20% when I could be holding them through the volatility (which may or may not pan out, that's the risk). Or maybe I cut them at the right time and I just didn't didn't have a strong enough plan when buying them to begin with. I am learning more and more to make sure to have defined plans in place. D1Sergo fucked around with this message at 23:37 on May 7, 2021 |
# ? May 7, 2021 23:25 |
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What's the point of buying deep ITM calls like I see people doing from time to time?
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# ? May 7, 2021 23:50 |
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i think typically they have higher delta and lower theta if you can afford the much higher premiums
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# ? May 8, 2021 00:09 |
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Why do I keep seeing it reported that Musk's appearance on SNL is somehow linked to dodge prices? Have things really gotten this dumb?
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# ? May 8, 2021 00:39 |
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cr0y posted:What's the point of buying deep ITM calls like I see people doing from time to time? I can't speak to shorter term stuff because that's not my focus, but as far as LEAPS go, it's generally a way of using leverage to achieve ROI. Deep ITM calls have higher delta which corresponds to the price movement of the underlying. It's essentially a way of getting similar price movement of the underlying for a reduced cost. On the flip side, you also are exposed to the same effect the other way, which can make your account lose value quickly as well. Giving yourself more time helps to mitigate this effect through theta decay, which is super slow on longer term plays. I.e. if I'm looking at 1/21/22 PINS LEAPS (share price is currently $59.80) the $37c sells for $24.23 with a 90 delta. The way I simplify this (and I think this is pretty accurate) is that I'm paying $24.23 which is roughly 40% of the current underlying price for a 90 delta, which will give me 90% of the price action of the underlying. In order to get the same price action if I were to buy shares, I'd have to spend 90% of $59.80 which is $53.82. If PINS goes up bigly, I can achieve a 99 delta which basically means I'm getting dollar for dollar price action on something that I bought at a significant discount. Basically, I'm buying 90% of the price action of owning 100 shares for the cost of less than half of the share at current price. As PINS moves up, my returns are amplified, as it moves down, they're amplified as well. But if it's a solid long term bet it prevents you from having to spend $5980 up front and allows you to get similar price action for less than half the cost.
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# ? May 8, 2021 00:41 |
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DapperDraculaDeer posted:Why do I keep seeing it reported that Musk's appearance on SNL is somehow linked to dodge prices? Have things really gotten this dumb? look into your heart and ask yourself that again
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# ? May 8, 2021 00:41 |
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DapperDraculaDeer posted:Why do I keep seeing it reported that Musk's appearance on SNL is somehow linked to dodge prices? Have things really gotten this dumb? because he tweets about doge and moves the price, and maybe also he owns some, and yes things have gotten this dumb
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# ? May 8, 2021 00:42 |
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DapperDraculaDeer posted:Why do I keep seeing it reported that Musk's appearance on SNL is somehow linked to dodge prices? Have things really gotten this dumb? People think there will be dogecoin skits which will raise the price of doge coin
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# ? May 8, 2021 00:57 |
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# ? Apr 17, 2024 23:12 |
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https://twitter.com/joshjobrien2002/status/1390798157303492614
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# ? May 8, 2021 05:16 |