ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
29 January 2021, 07:31 AM | #61 |
"TRF" Member
Join Date: Jan 2019
Location: North America
Posts: 2,306
|
|
29 January 2021, 07:32 AM | #62 | |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
Quote:
|
|
29 January 2021, 07:52 AM | #63 |
Banned
Join Date: Aug 2015
Location: down by the river
Posts: 4,926
|
Elon gets the basics of finance, he was a Wharton undergrad. It's not productive enough activity to constitute 6% of our economy. It's like a 6% tax that society pays to an insular elite club
I'm not saying we ban all derivatives (and for practical purposes a short sale is a derivative. If shorts are >100% of float for example, it's because the shorted shares were not literally borrowed). But at least I'd like to see position limits... we don't let people insure a 500K home for 10 million for a reason: moral hazard. Financial services will always say it's "more complicated than that" as if they perform a type of Harry Potter magic that nobody else can do |
29 January 2021, 08:02 AM | #64 |
2024 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 74,201
|
Regulators ... RIDE (borrowed that from Young Guns)
https://www.bloomberg.com/news/artic...n-gamestop-amc |
29 January 2021, 08:02 AM | #65 | |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
Quote:
|
|
29 January 2021, 08:04 AM | #66 |
"TRF" Member
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
|
deepfuckingvalue turned 50k into 33 million but lost 15 million today:
__________________
If you wind it, they will run. 25 or 6 to 4. |
29 January 2021, 08:06 AM | #67 |
"TRF" Member
Join Date: Apr 2017
Location: St Paul, MN
Watch: Tudor, Omega
Posts: 1,218
|
|
29 January 2021, 08:07 AM | #68 |
"TRF" Member
Join Date: Mar 2019
Location: Atlantis
Posts: 1,439
|
|
29 January 2021, 08:13 AM | #69 |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
Oh lord breaking now is that Janet Yellen got 800k from said hedge funds to speak. The money and power tree is expanding.
|
29 January 2021, 08:15 AM | #70 |
"TRF" Member
Join Date: Dec 2013
Location: FL
Watch: platinum sub
Posts: 15,884
|
maybe, maybe not. he could have closed it today. but i guess he wants 200 million. he or the fund behind him who really knows.
__________________
If you wind it, they will run. 25 or 6 to 4. |
29 January 2021, 08:20 AM | #71 |
Banned
Join Date: Aug 2015
Location: down by the river
Posts: 4,926
|
I admit this was a loosely coordinated pump and dump scheme. But what about Tesla? People have pumped that as well, and short sellers have taken a bath. Who has a more valuable business: Musk or Bezos? To me the answer is Bezos and not even close
The pricing of gamestop was certainly irrational relative to the fundamentals. But there have been asset run-ups that lasted for years. in the tech bubble and housing bubble / mortgage crisis it took years and systemic damage before corrective action was taken. But when poor people run up Gamestop stock, action is taken almost instantly? Alrighty then. epistemically, how is a mortgage broker saying "They aren't making more land! Real estate goes up" any different than an online troll claiming "Stonks only go up! To the moon, boys!" |
29 January 2021, 08:26 AM | #72 | |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
Quote:
Yep and backdoor hedge fund parties are perfectly fine. Blaming retail here is sickening. They got kicked in the balls in their own game and now cry foul play. This story has a lot of play left in it. People are digging to find out who the hell told RH to basically halt the stocks today. Some major speculations going on to who was talking to RH. It's the Epstein of WS. It's going to get ugly. As in investor this really sucks, but something has to happen. |
|
29 January 2021, 08:46 AM | #73 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Oct 2019
Real Name: Brian
Location: Nashville
Watch: 16750
Posts: 5,938
|
You have to love this story. Essentially a bunch of guys sitting around watching Trading Places say.... hey we could do that and won. If only for a little bit anyways.
__________________
16750 | 6516(wife’s) | 126334 | 116400GV | SBGA413 | SRPE33 | 126610LV |
29 January 2021, 09:18 AM | #74 |
"TRF" Member
Join Date: Jun 2016
Location: USA
Watch: Rolex & Patek
Posts: 1,436
|
|
29 January 2021, 09:39 AM | #75 |
"TRF" Member
Join Date: Dec 2014
Location: IN
Posts: 1,979
|
|
29 January 2021, 09:59 AM | #76 |
2024 Pledge Member
Join Date: Jul 2010
Location: Denver
Posts: 4,152
|
Robinhood CEO is giving the most pathetic explanation for his actions on CNBC. Apparently, he did not have the volume in cash to deposit into clearinghouses???
Someone explain, please.
__________________
Jason 116610 LN DateJust Pelagos FXD |
29 January 2021, 10:08 AM | #77 |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
|
29 January 2021, 10:18 AM | #78 |
"TRF" Member
Join Date: May 2013
Location: Vain
Posts: 5,951
|
I have a dumb question *♂️
Are people trying to sell GameStop but the market isn’t buying any now because it’s so overvalued? |
29 January 2021, 10:43 AM | #79 |
2024 Pledge Member
Join Date: Apr 2008
Real Name: Rommel
Location: Toronto Canada
Watch: 116710LN
Posts: 9,007
|
Interesting little clip here with Jordan Belfort.
Mark Cuban |
29 January 2021, 10:50 AM | #80 | |
2024 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 19,673
|
Quote:
Lie. Less then a minute later he said Robinhood does not have a liquidity problem. Which it is?!! Many questions not asked, such as how much $$ / percentage of income Robindhood makes from Citadel and their affiliates in selling data and book / flow? Who is it that Robinhood depends on for credit line / banking to secure operation / etc?
__________________
__________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory. |
|
29 January 2021, 10:55 AM | #81 |
2024 ROLEX DATEJUST41 Pledge Member
Join Date: Aug 2010
Location: NorCal
Watch: Yes!
Posts: 6,557
|
The inside story from the beginning (worth a read!):
https://twitter.com/endtwist/status/1354547622133051393
__________________
|
29 January 2021, 11:20 AM | #82 | |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jun 2019
Location: FL
Posts: 385
|
Quote:
People that want to short, can’t. You have to find shares to borrow before you sell them short. If no one is letting their shares be borrowed, or there’s massive buying, the firm will limit short trades. |
|
29 January 2021, 11:53 AM | #83 | |
Banned
Join Date: May 2012
Real Name: CJ
Location: Kashyyyk
Watch: Kessel Run Chrono
Posts: 21,113
|
Quote:
|
|
29 January 2021, 11:54 AM | #84 |
Banned
Join Date: May 2012
Real Name: CJ
Location: Kashyyyk
Watch: Kessel Run Chrono
Posts: 21,113
|
|
29 January 2021, 12:48 PM | #85 |
"TRF" Member
Join Date: Jun 2014
Location: mississippi river
Posts: 2,971
|
I noticed one of the large GME investors is the CEO of Chewy.
Coincidence??? I think not. Caught you "Chewbacca." If that's your real name. Last edited by MILGAUSS88; 29 January 2021 at 12:49 PM.. Reason: .... |
29 January 2021, 12:49 PM | #86 |
2024 Pledge Member
Join Date: Dec 2013
Location: Upstate
Watch: 116600
Posts: 2,146
|
Someone is going to need to set-up a high-stakes poker game to cover their colossal short sale losses (Everything I know about short sales I learned from watch Bond).
|
29 January 2021, 01:21 PM | #87 |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
The RH owner was not lying like I said above. Please excuse me! haha It is the clearing house.
The platforms are being controlled bc of liquidity problems. These hedge funds are so deep into the whole transaction that now that they're going broke the middle men wont take any deals on the stocks to payout bc they will be left holding the bag (they are scared the hedges are going down). I stopped watching CNBC and accused the RH owner of lying in the other thread but it isnt true and makes sense. They are being controlled on the back end via clearing houses. This is the video that explains it. Its quite long, but at one point he draws a chart and shows the money flow. https://www.youtube.com/watch?v=w_YE...ature=youtu.be Its quite astonishing they are shorting these stocks so much and then funding the deals also to an extent. Its all fucked up in big cluster. |
29 January 2021, 01:22 PM | #88 | |
Banned
Join Date: Dec 2018
Location: DFW, TX
Posts: 2,149
|
Quote:
|
|
29 January 2021, 01:26 PM | #89 |
2024 Pledge Member
Join Date: Jul 2017
Location: West Coast
Posts: 1,182
|
|
29 January 2021, 01:35 PM | #90 |
"TRF" Member
Join Date: Jan 2015
Real Name: Wayne
Location: Canada
Posts: 4,383
|
I almost jumped into GME this morning but held off since I just can’t see the value of the actual company
BB I am ok with, they got some big stuff coming down the pipe |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.