Author Topic: Stocks (Read 1203841 times)

VacationLover · « **Reply #5220 on:** January 27, 2021, 08:25:41 PM »

Quote from: PlatinumGuy on January 27, 2021, 08:10:55 PM

Reddit shut down the WSB thread. Should we invite them here?

LOL. I wish we know first what the next target will be...

I wonder if the recent developments will change the way investors short a stock. It might bring more awareness to the danger of shorting.

Jm1248 · « **Reply #5221 on:** January 27, 2021, 08:26:12 PM »

Quote from: Redbull3 on January 27, 2021, 02:29:07 PM

Anyone on DDF getting involved with GME or any other reddit reco? Just curious

Got into NOK this morning about 20 minutes before it spiked

PlatinumGuy · « **Reply #5222 on:** January 27, 2021, 08:28:39 PM »

Quote from: VacationLover on January 27, 2021, 08:25:41 PM

LOL. I wish we know first what the next target will be...

I wonder if the recent developments will change the way investors short a stock. It might bring more awareness to the danger of shorting.

Their mistake was using put options that they were required to disclosed publicly. Nobody would've known if it was traditional short sells.

I saw a theory that this was Elon Musk taking revenge at Melvin for shorting TSLA loudly a while ago.

Pad18 · « **Reply #5223 on:** January 27, 2021, 08:38:48 PM »

Quote from: PlatinumGuy on January 27, 2021, 08:10:55 PM

Reddit shut down the WSB thread. Should we invite them here?

https://twitter.com/balajis/status/1354593032524361732?s=20

Abey · « **Reply #5224 on:** January 27, 2021, 09:37:52 PM »

Quote from: PlatinumGuy on January 27, 2021, 08:28:39 PM

Their mistake was using put options that they were required to disclosed publicly. Nobody would've known if it was traditional short sells.

I saw a theory that this was Elon Musk taking revenge at Melvin for shorting TSLA loudly a while ago.

I wouldn’t be surprised if he took part in the action for some payback, but doubt he was from those who started it.

zh cohen · « **Reply #5225 on:** January 27, 2021, 10:14:15 PM »

Quote from: PlatinumGuy on January 27, 2021, 08:10:55 PM

Reddit shut down the WSB thread. Should we invite them here?

https://www.twitter.com/clairlemon/status/1354571835447287810

https://www.twitter.com/politicalmath/status/1354577996519075840

AsherO · « **Reply #5226 on:** January 27, 2021, 11:04:56 PM »

Quote from: zh cohen on January 27, 2021, 10:14:15 PM

https://www.twitter.com/clairlemon/status/1354571835447287810

https://www.twitter.com/politicalmath/status/1354577996519075840

#slipperyslopes

yos9694 · « **Reply #5227 on:** January 27, 2021, 11:13:07 PM »

I love how they're now sending messages to the hedge fund managers telling them to pull themselves up by their bootstraps, get a second job, and skip the avocado toast. Now that's quality advice.

PlatinumGuy · « **Reply #5228 on:** January 27, 2021, 11:35:29 PM »

Quote from: yos9694 on January 27, 2021, 11:13:07 PM

I love how they're now sending messages to the hedge fund managers telling them to pull themselves up by their bootstraps, get a second job, and skip the avocado toast. Now that's quality advice.

Let's not kid ourselves that slimy Wall Street suits are the victims here. Most of them are custodians of money than many families and retirees depend on for their bread and milk.

It's easy to celebrate the triumph of the little guy, but the crazy volatility and inevitable crash will likely cause serious & enduring tangible pain for many, many, families.

The government and regulation are the devil, but the jungle is far more dangerous.

zh cohen · « **Reply #5229 on:** January 27, 2021, 11:39:16 PM »

Quote from: PlatinumGuy on January 27, 2021, 11:35:29 PM

Most of them are custodians of money than many families and retirees depend on for their bread and milk.

Is this true regarding hedge funds?

PlatinumGuy · « **Reply #5230 on:** January 27, 2021, 11:40:51 PM »

Quote from: zh cohen on January 27, 2021, 11:39:16 PM

Is this true regarding hedge funds?

Of course. They will pretend to only take big institutional money like pension funds, but in the end there are plenty of retail investors, many of whom aren't well diversified. Look at Madoff victims.

Mordyk · « **Reply #5231 on:** January 28, 2021, 12:33:14 AM »

does this whole fiasco make others nervous how a few people can literally manipulate huge stocks?

will we see some new regulations because of the last few days?

as2 · « **Reply #5232 on:** January 28, 2021, 12:34:34 AM »

Quote from: Mordyk on January 28, 2021, 12:33:14 AM

does this whole fiasco make others nervous how a few people can literally manipulate huge stocks?

will we see some new regulations because of the last few days?

I like how we pretend this hasn't been going on forever.

PlatinumGuy · « **Reply #5233 on:** January 28, 2021, 12:39:31 AM »

Quote from: Mordyk on January 28, 2021, 12:33:14 AM

does this whole fiasco make others nervous how a few people can literally manipulate huge stocks?

Very much so

Quote from: as2 on January 28, 2021, 12:34:34 AM

I like how we pretend this hasn't been going on forever.

The printing press was invented 600 years ago. The internet was invented 20 years ago. It's orders of magnitude different.

Quote from: Mordyk on January 28, 2021, 12:33:14 AM

will we see some new regulations because of the last few days?

Maybe yes, maybe no. The politicians are already talking about it, but ultimately there is always another jurisdiction. To a large extent, the internet is an uncontrollable wilderness. It's interesting that the Russians never came up with the idea of destroying the West with Financial manipulations.

PlatinumGuy · « **Reply #5234 on:** January 28, 2021, 01:22:31 AM »

Quote from: PlatinumGuy on January 27, 2021, 11:35:29 PM

Let's not kid ourselves that slimy Wall Street suits are the victims here. Most of them are custodians of money than many families and retirees depend on for their bread and milk.

It's easy to celebrate the triumph of the little guy, but the crazy volatility and inevitable crash will likely cause serious & enduring tangible pain for many, many, families.

The government and regulation are the devil, but the jungle is far more dangerous.

NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners

Many lives destroyed

Mordyk · « **Reply #5235 on:** January 28, 2021, 01:38:39 AM »

Quote from: PlatinumGuy on January 28, 2021, 01:22:31 AM

NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners

Many lives destroyed

The $14.3billion obviously made many people very rich as well...

PlatinumGuy · « **Reply #5236 on:** January 28, 2021, 01:52:14 AM »

Quote from: Mordyk on January 28, 2021, 01:38:39 AM

The $14.3billion obviously made many people very rich as well...

It depends when they sell. It’s entirely possible for it all to be lost.

PlatinumGuy · « **Reply #5237 on:** January 28, 2021, 02:46:21 AM »

https://twitter.com/mistercommodity/status/1354518864999145483

Pyramid scheme

https://twitter.com/fchollet/status/1354502571243626497

Purim

stooges44 · « **Reply #5238 on:** January 28, 2021, 08:04:02 AM »

Can someone please explain in laymen's terms what happened/is happening with gamestop?

Pretty please

TIA

maylei · « **Reply #5239 on:** January 28, 2021, 08:06:51 AM »

Quote from: stooges44 on January 28, 2021, 08:04:02 AM

Can someone please explain in laymen's terms what happened/is happening with gamestop?

Pretty please

TIA

Rich people bet a lot of money against the growth of the stock so a bunch of Reddit idiots all decided to invest insane amount of money into the stock so the Rich people lose their bet and money and that is the explanation