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Funny Man![]() |
You would be betting on accurately guessing the moves of a group of “investors” that the market has never seen. You could be right, but then again they could run it up to $1,000 a share because they are stubborn, self righteous or just to prove they can. I wouldn’t do it with any money you wouldn’t throw out the window just to check the wind..... ______________________________ “I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living.” ― John Wayne | |||
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Tinker Sailor Soldier Pie![]() |
I wouldn't touch that. Remember, your losses have unlimited potential when you play puts.This message has been edited. Last edited by: Balzé Halzé, ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
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Member |
Yup, I have enough capital to hold my small short position until this whole thing come crashing down. One other thing, shorts are usually much more sophisticated traders than longs, especially the nouveau crowd that's been piling onto this trade from social media. All the diamond hands icons ain't gonna matter when some break ranks and the dam goes down. | |||
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At Jacob's Well![]() |
This whole saga has been very illuminating, and I suspect will drive a fair bit of regulatory action. It’s hard not to root for the rebels against the empire. It’s human nature. However, I fail to see how the Redditors are not just as guilty of market manipulation as the hedge funds. In the end, the SEC is probably going to drop a nuke on their hilltop fortress and end all resistance, if someone internal doesn’t sell them out first (i.e. cash out). What the SEC does after that is anybody’s guess in this current climate. I don’t see a return to the previous status quo. J Rak Chazak Amats | |||
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Raptorman![]() |
My direct assistant that makes well under half my income just made double what I do in a year overnight. He didn't sell Friday morning as I was screaming it at him, he's holding until Monday. I told him he can live in my cellar when he loses it all. ____________________________ Eeewwww, don't touch it! Here, poke at it with this stick. | |||
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Left-Handed, NOT Left-Winged! |
And now Google is "fixing" negative reviews of Robinhood because of all the pissed off customers that had trades stopped or positions closed. This is truly beautiful. Rooting out all of the collusion and oligarch behavior in Media, Tech, SEC, Biden Administration. Everyone. We have media defending hedge funds and their entitlement to make billions by manipulating the market at the expense of retail investors, we have Google "fixing" RH reviews after they acted against the best interest of their users and deserved the bad reviews, we have the Treasury secretary in bed with the hedge funds, leaning on trading firms to protect the hedge funds. Everyone knew this is how it works, but now they are making in painfully obvious, and exposing themselves for who they are.This message has been edited. Last edited by: Lefty Sig, | |||
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Left-Handed, NOT Left-Winged! |
Isn't that the whole point? Beating the hedge funds at their own game by CROWD SOURCING the capital needed to be market movers and not followers. Hedge funds make their money by having enough capital to move the market. The law says you cannot illegally manipulate the market by lying about the performance of the company. Classic pump and dump schemes spread lies about a company to dupe investors into buying something worthless. The Redditers are not doing this. They are 100% clear that they are squeezing the shorts by buying and holding and driving up the price. Maybe that is against the rules somehow. But hedge funds shorting 140% of available shares IS against the rules. AND I would discount any reports that the old short positions have been closed and only new short positions remain. The hedge funds are going to do EVERYTHING to convince the holders that they need to sell now or face massive losses. They will use media, government and every other avenue to spread propaganda to influence the holders. And the holders know this. It is not unlike war - HOLD THE LINE BOYS - amid airdrops of enemy propaganda that says all is lost, they are alone, everyone else has been defeated, they are the only ones left, and giving up now will save their lives. | |||
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Member |
This is how Robinhood makes money: That business model, known as "payment for order flow," recently got Robinhood in hot water with the SEC. The agency in December fined Robinhood $65 million for failing to adequately disclose the sales arrangement to clients. Between 2015 and 2018, Robinhood only partially explained in its online FAQ page how it makes money, omitting details about its largest revenue source — its customer-trading data — according to the SEC. Citadel and other firms that are executing the trades "make their money by trading against you," Gentile said. "They are betting that Robinhood traders as a whole are going to be buying or selling at the wrong times or being margined out of their securities." Illuminating huh? LINK:https://www.cbsnews.com/news/robinhood-investing-everyone-revolt/ | |||
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women dug his snuff and his gallant stroll |
The sweet irony of this is that vast majority of the Redditors probably voted for Biden. Now it appears the Biden administration has sided up with the hedge funders. Gonna be interesting to watch how this all plays out. My guess, the American taxpayers will be on the hook for some bailouts. | |||
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It's not you, it's me. ![]() |
Why would you think the vast majority of redditors voted for Biden? | |||
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Bolt Thrower![]() |
Bruh | |||
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Member![]() |
We may not know who that voted for, but we do know who they didn't vote for: Bernie. | |||
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186,000 miles per second. It's the law. |
Yep, I referenced that above. Not only do they pay for order flow data, they have Level 2 and Level 3 quotes and direct lines to market makers. It's not a level playing field. Like playing poker with X-ray vision. | |||
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women dug his snuff and his gallant stroll |
Reddit was one of the first social media platforms to start deplatforming conservative groups. Take from that what you will, but to me that would imply a fairly progressive user base who were willing to remain. | |||
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Tinker Sailor Soldier Pie![]() |
I wouldn’t bet on that.This message has been edited. Last edited by: Balzé Halzé, ~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan | |||
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Big Stack |
Anyone else want to go in on the short side at this point? | |||
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Member |
^^^^^^^^^^ Which part? Biden or bailout? | |||
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Member |
I already went short at 320, small position. https://finviz.com/quote.ashx?t=GME&ty=c&ta=1&p=d According to data here, short interest is still at 122%, and 95% institution owned. So even if you say that everyone's playing with 122% or even 136% of the float, it still leaves a majority of the shares in the hands of Wall Street big boys. Again if this data is accurate, but if it is, I believe they're springing a trap, especially if you believe that Melvin just got a large cash infusion and still won't close their short positions. They aren't that stupid. I'd say tread carefully. | |||
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eh-TEE-oh-clez![]() |
Redditors can stay retarded (their words, not mine) longer than Melvin can stay solvent. If you read a bit there's countless posts from people, particularly young people, who have absolutely no fear of losing their money. Their lives are shitty, and if they lost their money, their lives would still be shitty. They don't fear losing because they have nothing to lose. | |||
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Fighting the good fight![]() |
That's a good, simplified way to look at it: It's the businessmen vs. the gamblers. Hedge funds trying to make a profit vs. individual Redditors who are doing it "for the lolz" (for the sheer entertainment value), and as a middle finger to Wall Street, and who don't really care if they lose their money. Like a dude with some money to burn at a casino, he wants to hit it big, but at the same time doesn't really care if he loses it all at the poker table, because it was still worth the "rush" and the entertainment/social aspect value. And if they do hit it big and get to screw the House out of their money, so much the better. | |||
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