Balder
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Post by Balder on Apr 9, 2019 11:21:55 GMT
I invest a little bit on the stock market, and today I got an ad for Atari IPO. Like what the hell, these guys are going to be publicly traded now. It'll be fun to see how their stock develops. It would be tempting to invest a really small amount just to see how it goes, but the minimum amount is around 600 bucks if you want to get in on it before it gets publicly traded. The stock valuation is set at The price we're getting is 0.40 USD per share. Their revenues are mentioned to come from releasing new and old games from their portfolio, licensing their brand, The Atari Box/VCS and something called Atari Casino. What do you guys think? How long before this stock tanks?
EDIT: Okay apparently this IPO was only new for the Nordic market. Still it feels like these guys are just reaching for money.
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stratogustav
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Post by stratogustav on Apr 9, 2019 17:15:54 GMT
$600 doesn't sound like a bad gamble for the ownership of a slice of the Atari brand. Sooner than later entire gaming libraries will be streamed into cheap portable VR headsets, and the Atari brand will always have a weight in the future of gaming, as that was the foundation of the entire home market in the West.
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Balder
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Post by Balder on Apr 9, 2019 17:25:41 GMT
$600 doesn't sound like a bad gamble for the ownership of a slice of the Atari brand. Sooner than later entire gaming libraries will be streamed into cheap portable VR headsets, and the Atari brand will always have a weight in the future of gaming, as that was the foundation of the entire home market in the West. Do you honestly think this stock will soar? How much would you put down? |
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stratogustav
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Post by stratogustav on Apr 9, 2019 17:41:12 GMT
Do you honestly think this stock will soar? How much would you put down? The stock market is a casino. The winners are those that have multiple 2 meter tall super computers at their homes that can run complex algorithms. For regular people like us, it's all about feeling right about it, following our instincts, and wishing for the best. Sometimes we win, sometimes we lose, so put down whatever amount you feel comfortable losing. If you don't feel comfortable losing anything, then don't put down anything. It's a good rule of thumb. It's like anything in life, pussy for example, you can't hit the baseball if you ain't swinging the bat, you got to swing, that's how you get to second base, third base, and home run. |
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Balder
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Post by Balder on Apr 9, 2019 17:59:23 GMT
Do you honestly think this stock will soar? How much would you put down? The stock market is a casino. The winners are those that have multiple 2 meter tall super computers at their homes that can run complex algorithms. For regular people like us, it's all about feeling right about it, following our instincts, and wishing for the best. Sometimes we win, sometimes we lose, so put down whatever amount you feel comfortable losing. If you don't feel comfortable losing anything, then don't put down anything. It's a good rule of thumb. It's like anything in life, pussy for example, you can't hit the baseball if you ain't swinging the bat, you got to swing, that's how you get to second base, third base, and home run. Sorry stratogustav, but do you actually have money on the stock market? You invest into things more safely, it doesn't have to be a casino. I mean if you buy or sell options, then it's just like roulette, but you don't need a super computer to find good stocks. And if a super computer would have found an algorithm, a lot of people would be super rich. But guess what, such an algorithm doesn't exist. |
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stratogustav
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Post by stratogustav on Apr 9, 2019 18:18:45 GMT
Sorry stratogustav, but do you actually have money on the stock market? You invest into things more safely, it doesn't have to be a casino. I mean if you buy or sell options, then it's just like roulette, but you don't need a super computer to find good stocks. And if a super computer would have found an algorithm, a lot of people would be super rich. But guess what, such an algorithm doesn't exist. Done that, being there, playing it safe has its benefits, but high risk high reward is where is at. I have been into the home of guy that has them. They look like arcade machines big. Dude owns a helicopter. I helped him get chicks without showing off his money. |
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Balder
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Post by Balder on Apr 9, 2019 19:23:20 GMT
Sorry stratogustav , but do you actually have money on the stock market? You invest into things more safely, it doesn't have to be a casino. I mean if you buy or sell options, then it's just like roulette, but you don't need a super computer to find good stocks. And if a super computer would have found an algorithm, a lot of people would be super rich. But guess what, such an algorithm doesn't exist. Done that, being there, playing it safe has its benefits, but high risk high reward is where is at. I have been into the home of guy that has them. They look like arcade machines big. Dude owns a helicopter. I helped him get chicks without showing off his money. You might as well play the lottery. Long term investing is much safer, and you're almost guaranteed a good yield. |
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stratogustav
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Post by stratogustav on Apr 9, 2019 20:46:13 GMT
Done that, being there, playing it safe has its benefits, but high risk high reward is where is at. I have been into the home of guy that has them. They look like arcade machines big. Dude owns a helicopter. I helped him get chicks without showing off his money. You might as well play the lottery. Long term investing is much safer, and you're almost guaranteed a good yield. [/quote] Like I said, there is nothing wrong with playing it safe. You need some kind of investment for your future anyway. However, like anything in life you want to get outside of your comfort zone to spice those worthwhile opportunities. In other words, there is nothing wrong with doing both. When it comes to gambling in the stock market, go with your gut, when it comes to playing it safe, do research. You can only complicate it as much as you want, or keep it simple. Do not understimate simplicity. The same goes with deciding the right moment for pulling out, or staying in. |
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Balder
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Post by Balder on Apr 9, 2019 20:53:00 GMT
Done that, being there, playing it safe has its benefits, but high risk high reward is where is at. I have been into the home of guy that has them. They look like arcade machines big. Dude owns a helicopter. I helped him get chicks without showing off his money. You might as well play the lottery. Long term investing is much safer, and you're almost guaranteed a good yield. Like I said, there is nothing wrong with playing it safe. You need some kind of investment for your future anyway. However, like anything in life you want to get outside of your comfort zone to spice those worthwhile opportunities. In other words, there is nothing wrong with doing both. When it comes to gambling in the stock market, go with your gut, when it comes to playing it safe, do research. You can only complicate it as much as you want, or keep it simple. Do not understimate simplicity. The same goes with deciding the right moment for pulling out, or staying in.[/quote] I totally agree that there is some gut feeling magic to it, it's impossible to know the future, hence algorithms aren't viable in the long run. But playing around with penny stocks os just as bad as the lottery, and the lottery is mathematically dumb to participate in. |
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stratogustav
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Post by stratogustav on Apr 9, 2019 21:05:33 GMT
I totally agree that there is some gut feeling magic to it, it's impossible to know the future, hence algorithms aren't viable in the long run. But playing around with penny stocks os just as bad as the lottery, and the lottery is mathematically dumb to participate in. Like I said, there is nothing wrong with playing it safe. You need some kind of investment for your future anyway. Algorithms do help, but ultimately it is always a lottery. It's like poker, it's a gambling game, but the guys with the most tools are the ones that are always on the finals. Lottery is statistically dumb, and that's why it's so popular. I would say there is something spiritual about dumb stuff, dumb movies, dumb music, or dumb things in general. It grounds your senses with the reality that everything only has the meaning that you give it, and trying to deny that basic mantra will always end up as a futile action. Lose some money, man, if this is what you want, go for it. Best thing about scams is that you can learn from those experiences. |
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scipioafricanus
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Post by scipioafricanus on Apr 9, 2019 22:28:02 GMT
Scam
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dschult3
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Post by dschult3 on Apr 10, 2019 1:08:32 GMT
I'd love to own one stock of Atari, just to have the cool paper as proof. Although, I don't even think they give them out anymore, since it is all digital.
Anyways, my brother works for a well known investment firm in downtown Chicago. His particular branch doesn't deal with anyone willing to invest less than $25K USD. He said that this is a drop in the bucket for investments these days. If you've got some extra cash to invest, this could be a fun investment as long as you aren't hard up for funds. He did say that unless you are investing for nostalgia reasons, this would be thrown in a diversified portfolio in the case that it would fail. I would worry that it would turn out like Radio Shack did in its last few years on the market.
stratogustav is right about the permanence of its longevity, but I don't think that would be enough to serve the market well. There are plenty of companies with amazing IPs that suck on Wall Street. That's because anyone can buy up the rights and actually do something with them. Atari has done nothing of value over the last 30 years, and unless they come up with something innovative, I'd say that this is a hard pass Balder. The market is always about what you have done lately. A perfect example of that would be GE. They're a legacy company with nothing on the horizon. Their stock value is atrocious when compared to what it was long ago. Their value is roughly the equivalent of 1987 values, and that isn't adjusted for inflation!
Anyways, unless you've got petty cash to spare, I'd stay away.
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stratogustav
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Post by stratogustav on Apr 10, 2019 2:54:48 GMT
Buy low sell high. It's a gamble.
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Balder
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Post by Balder on Apr 10, 2019 8:16:26 GMT
Buy low sell high. It's a gamble. That makes no sense. How in the hell do you know when it's low snd when do you know it's high. It could always sink lower, and it could always soar higher. This statement is of no help. |
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stratogustav
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Post by stratogustav on Apr 10, 2019 13:08:30 GMT
That makes no sense. How in the hell do you know when it's low snd when do you know it's high. It could always sink lower, and it could always soar higher. This statement is of no help. That's why I said it's a gamble, because you never fully know. |
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