Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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How do I make money off this?
I want Cassandra levels of fuck you I told you so.
I'm going to give it some thought and then I'll tell you what I'm going to do.
DO THE OPPOSITE OF THAT.
My decision is 99.99999% guaranteed to be the wrong one. It always is lol
Short all these stocks of course. SOXS is a 3 times leverage short on semiconductors if you are feeling bold.
comments like this inspire me to become financially literate so that i could understand what was said.
Basically you borrow a lot of stocks from someone and sell them directly.
Then you must buy back the same stock in the future and give it back to them (and a bit extra).
If the stock is cheaper in the future then you earn money. If it becomes more expensive you lose money.
This is how stock traders gamble on stocks they don't own but think will lose value. They will find a way to gamble on everything.
so this SOX thing is an entity that you borrow the stock from?
It just means that when they finallystop buying semiconductors to fuel datacenters they aren't even building and the semiconductor stocks crash, SOXS will go up 3x for every dollar the semiconductors go down. Only problem is that no one can guess when that is, even if many are sure it's coming. It feels like soon but don't make financial decisions based on what some idiot says on the internet.
thanks and i'm confused by whatever "SOXS" is/means.
The market can stay irrational longer than you can stay solvent
Yeah, I wouldn't take trading advice from a group of people who are desperately hoping a for a certain technology to not exist.
Is AI overhyped and overused? Absolutely. Is its use doing to decrease? Most likely. Will it "collapse"? Don't bet on it. Or, well, do - I suppose. It's your money to lose.
As OP of this comment, I fully agree and strongly dissuade anyone from pursuing the ideas I am giving.
Tesla has been clearly overvalued for years. Had you tried to make money off shorting the stock - despite correctly observing this stock has to collapse at some point - you would have lost your shirt.
true, true
These days ChatGPT would respond:
Then you'd need eight more clarifying comments before it "understood" what you were saying. This is because it was trained on reddit text.
"I did your mom", Reddit probably.