|
|
| Page 3 of 6 |
|
|
 Posted: Mon, 1st Feb 2021 09:28 Post subject: |
|
 |
i hoped in monday, after reading about what was happening so i threw 1k in, fuck it, i doubled my money in 2 days and i kept reading reading learning about all this, dude, this is so interesting, i never knew how insane the stock market was, also as a programmer seeing how market manipulation worked LIVE on friday? in-fucking-sane, this shouldnt happen in the stock market, but then saw something more insane, a counter attack, some guy on twitter promised to help fight market manipulation with a loooooot of money and algorithms, and from what i saw, he wasnt fucking kidding, what happened before closing time, watching the data live made me stand up in disbelief.
I hope they REALLY make a movie about this, this whole fucking thing is insane, i just hope all those people dumping whole savings, loans, fuck-my-life-up money, i hope they know how to cover their costs at least..... cause today onwards.... its gonna be a big gamble to play.
|
|
| Back to top |
|
|
Il_Padrino
Posts: 7560
Location: Greece by the North Sea
|
| Posted: Mon, 1st Feb 2021 10:32 Post subject: |
|
|
Wasn't able to hop in on GME, but have a few of the others (AMC, Nokia, Blackberry). Fuck it, yolo.
Last week was absolutely amazing to follow. You could actually see, in realtime, the tentacles of the powerful reaching out to the brokers and media. Newspapers today are headlining that silver is the next target. Poor chills.
Edit: lol, looking at reactions on FB, it seems lots of people are jumping on. Belgian media is now reporting how silver is the new target, but all reactions are basically saying 'fakenews', 'to the moon', etc 
There must have been a door there in the wall, when I came in.
Truly gone fishing.
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 15:11 Post subject: |
|
|
So Melvin had to actually realize the shorts today, right? Any news on this? They'd have to buyback at the current price, so they'd have to be fucked, right? Sadly this whole thing is totally out of my league.
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 15:16 Post subject: |
|
|
nope, they most likely can get extensions through other brokers or banks or whatever dxwarlock explained, they will wiggle their ways out of this, its billions, they will go over your dead corpse before losing any more money
the news media now is part of the frenzy sharing uneducated bullshit storylines
https://www.twitch.tv/directory/game/Stocks%20And%20Bonds
get ready to clip all these guys their faces when the stocks tank in a matter of seconds when the hedgefunds use their super computers and direct acces and before the graph on retail goes down, they already sold all their shit
i predict live suicides on twitch , very grim outlook to see all these people getting butfucked live and these scenes cliped to stay on the internet for an eternity
the way these day traders talk with their baloney resistance lines and crap ... its like watching kids draw lines on the wall clueless , no ounce of any real info on why the stocks are moving, just watching graphs n lines ... it stupid as fuck and just sheer dillusion that they think they have an edge over the big boys with the second graphs compared to their minute graphs
|
|
| Back to top |
|
|
DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
|
| Posted: Mon, 1st Feb 2021 15:56 Post subject: |
|
|
@PumpAction
Its all speculation and layers deep of shifting burden but I agree with Pickup. They will/did lose money, but if they have to actually front the majority of those loses themselves is a low chance.
They might be shifting shorts to other shorts on lower stocks to buy time to fill promises, bailouts by the banks for what loses they do make, or having to take out loans from those banks if not 'dire' and bailout is decided not necessary.
In the end they get a inconvenience at best, and anyone not in on the upside of this WSB timeline will get an inconvenient tiny 'recoup adjustment' by those banks, spread over all of us.
Thats why I keep saying the idea was noble in cause, but the result doesn't do what they expected if you look beyond the first step of how much it cost the hedge funds (because most of that cost doesn't 'stick' to them). And that the bigger problem that needs to be fixed in the first place of why they can keep losing billions every year, just got redone once again.
To me its like refusing to pay local taxes because the schoolboard is abusing the funds. In the end who suffers more, the schoolboard or the children in the school when funds are cut and budgets loses in the negative are taken? The schoolboards ability to abuse it is the problem that needs to be fixed (more policing of budget, replacement of people, new bi-laws of budget management), not the amount of funding.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 16:32 Post subject: |
|
|
dxwarlock , how come half the finance world hasnt shorted gamespot and amc by now ? its inevitable
the stock should be shorted 1000% by now
heck id even do it now as its sooo guaranteed
fuck, im to late, its already crashing
|
|
| Back to top |
|
|
Frant
King's Bounty
Posts: 24636
Location: Your Mom
|
| Posted: Mon, 1st Feb 2021 16:58 Post subject: |
|
|
A greedy reaction to an even greedier practice called short-selling; it should be highly regulated to avoid greedy fucks making millions/billions on a borrowed stock which leads to an incorrectly massive value of the company. The investors borrow the stock, sell the lot, watch for the expected price dump of the stock and then buys it back for cheap and return it to wherever they lent it from.
The company itself has absolutely no control over this and any economical results and plans they had could lead to disaster for the company and the employees. Meanwhile all this profit that these investors make is diffuse and difficult to pinpoint the source of but in the end they enrich themselves on others behalf without the knowledge of the victims which could be anything from other investors, corporations, governments (local/national) etc. which, obviously, in turn is coming from the consumers: a tiny increase on inflation and interests, higher prices, lost jobs and so on ad infinitum.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 17:19 Post subject: |
|
|
The worst part of it is whats being seen LIVE now, where u can short them, wait it out, spread bad press and in a moment of spotlight, do massive ladder atacks, panic sets and the company is on 0 value. Neat, throw a couple of millions in ladder attacks and keep the put money, no need to cover.
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
|
| Posted: Mon, 1st Feb 2021 17:37 Post subject: |
|
|
| PickupArtist wrote: | dxwarlock , how come half the finance world hasnt shorted gamespot and amc by now ? its inevitable
the stock should be shorted 1000% by now
heck id even do it now as its sooo guaranteed
|
Because none of it is a guarantee.
It always involves some risk. which is always higher risk than 'safe' stocks like 401k and such use to generate income. Many did in 2008 and why 401k/pensions dried up because hedge funds crashed taking billions. The big risk vs big reward came to reality and a lot of stock people after started to shy away. Some, not all..those left are like Median.
Mix that with not everyone is immoral enough to use a hedge funds to exploit loopholes (which does have legitimate uses as reasons to exist). And the above of that hedge funds are too volatile for some peoples tastes. And you get why not everyone on the stock market does it.
And for the trend lines/resistance lines/indicators you mentioned before. They do work, now they are not a crystal ball by any means. But are actually informative in making judgements better than blindfolded dart throwing. I use them every time I make crypto choices to buy/sell and they are definitely better than 50/50 wild speculation. So if you learn them and don't consider them "useless voodoo jargon i dont get" they make sense.
Its like horse betting. Sure you can pick a horse by random choice; but knowing about horses history, the spread, the matchups and pervious outcomes in similar contest and situations helps a LOT is narrowing down who not to bet on.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Mon, 1st Feb 2021 17:41; edited 1 time in total
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 17:39 Post subject: |
|
|
you cannot short as private investor... thats something privileged for the wallstreet elite.
|
|
| Back to top |
|
|
DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
|
| Posted: Mon, 1st Feb 2021 17:43 Post subject: |
|
|
@skx7
yes you can. futures and options are available to everyone. Boiled down a short is just "Sell high, buy back low".
Now FUTURE shorts is the same, and just not paying until both sides close..but anyone can do that if they offer proof of funds (or abilitys to get it) to cover.
Now you cannot short/future/options on Robinhood (anymore since that one guy committed suicide doing it on another app..might have been RH itself, and not understanding how it worked well, or what his margin loss really meant). But thats a limit of the platforms you use not the market.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Mon, 1st Feb 2021 17:45; edited 1 time in total
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 17:44 Post subject: |
|
|
pattern day trading restrictions apply everywhere... ?
options and futures are different compared to shorting as hedgefunds are doing. options and futures are contracts which are bought. shorting is selling what you dont own, and buying it at later moment during the day to close your position at hopefully a lower price. this pratice is completely blocked due to pattern day trading restrictions for private investors
|
|
| Back to top |
|
|
DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
|
| Posted: Mon, 1st Feb 2021 17:46 Post subject: |
|
|
OH yea. if your trying to do it as a daily between open and close..no. Even most venture capitalist's are blocked from doing that on a daily before close attempt.
But that different than saying no one can short futures at all except big wigs.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
|
|
| Back to top |
|
|
DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
|
| Posted: Mon, 1st Feb 2021 17:49 Post subject: |
|
|
"Short" is the act of selling high to buy back low. A "long" is buying low to sell when its higher.
The areas overlap and can be combined(short, long, futures, etc..like 'shorting pork futures on insider knowledge'..what "trading places" movie was about)
but you can join e-trade, TD Ameritrade, Merrill Edge, etc. And start offering lower prices for stocks (that you secure at that price due on a future date) while offering to sell them higher/lower than current at a date later than that [depending on your assumption of movement]. Nothing stopping you.
Its why a lot are against the idea of crypto being able to do that margin selling like the stocks can. Selling coins they dont have to people, from coins they haven't bought from people yet.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Mon, 1st Feb 2021 17:55; edited 1 time in total
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 17:54 Post subject: |
|
|
| DXWarlock wrote: | "Short" is the act of selling high to buy back low. A "long" is buying low to sell when its higher.
The areas overlap and can be combined(short, long, futures, etc..like 'shorting pork futures on insider knowledge'..what "trading places" movie was about)
but you can join e-trade, TD Ameritrade, Merrill Edge, etc. And start offering lower prices for stocks (that you secure at that price on a future date) while offering to sell them higher at a date later than that. Nothing stopping you. |
sure but thats not the shorting they are actively exploiting now with GME... various hedge funds were daily shorting (i.e. borrowing) and now face issues to close their positions.thats what happened last week, couple couldnt close their position...
|
|
| Back to top |
|
|
DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
|
| Posted: Mon, 1st Feb 2021 17:58 Post subject: |
|
|
True, but if its daily, or weekly, the same can happen. It' wasn't because of daily timeframe as much as they over promised on delivery amount and availability of what they bought on a marge hedge. Doesn't matter if its a day, a week or a month. If 160% of stock trades over volume cant happen in that time..they/you get stuck buying it higher than you promised to sell it off at a X time eating the difference.
Most of the big deal and drama about it is how fast it happened here, and how quick the squeeze worked. And no that it was a unique thing that cant happen in other timescales.
Im not disagreeing its playing with fire. Just clearing up day margin trading by close most as you say cant do. But trading in the same way, playing with the same fire anyone can in every other situation. (long as you have collateral to cover what amount you hedge a bet with).
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Mon, 1st Feb 2021 18:04; edited 2 times in total
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 18:01 Post subject: |
|
|
OR they wait it out and pay the intrest on your their stocks shorts, while spreading misinformation and fear for weeks like they made that guy who bet against the housing market in the big short wait for months and he had to pay massive amounts during those months !! only untill the banks covered themselves they let the shit crash and then he could cash in
he made a lot of money but lost his nerves, his company , his desire to still trade , and probalby 5years of his health lol
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 18:06 Post subject: |
|
|
anyones whose lively hood is linked to banks, funds n stocks, cant be trusted at this point, all milionaires in the pockets of billionaires. , and those millionaires have subordanates in their pockets as well, they will all hold ranks like 2008
so bloomberg cant be trusted from my pov
what i think is happening right now is the big players are all covered and dug in by now and just laughing their way to the bank monitoring the volumes of new retail trades spike and as soon as they see that they reached the majority of new retailers jumped in, they will dump and make all the retailers hold the bag
they want everyone and their mothers to put their money in (which is happening roght now, all daytrade sites are suffering from lag and outtages from the influx of new retard money)
once they determine they got as many suckers as they can from the media hype,AND ONLY THEN , will they allow the bubble to burst
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 19:10 Post subject: |
|
|
if there wasn't something up, they wouldn't be shitting themselves like this
investor advice about this stock is not to be trusted from somebody who has this share. especially not hedgefunds who have billions on the line.
media is spreading so much misinformation. who owns alot of shares of these media companies. like how they are now talking about silver.
blocking only normal people (but not the big players) from buying.
orchestrated "attacks" to try and lower.
so much lying
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
HubU
VIP Member
Posts: 11360
|
| Posted: Mon, 1st Feb 2021 19:30 Post subject: |
|
|
They're so desperate it's pathetic.
Also DX (and all), when they talk of SYSTEMIC FAIL, MARKET CRASH!
Please look what your OWN LAWS say about a Chapter 11 bankruptcy.
Weird how it's supposed to make all direct investors (aka B/Millionaires) foot the bill why the salvageable business structure stays there.
Companies don't just disolve overnight. Debt restructuring always hit the shareholders first, if done, well, by the book.
But, again, they can't allow that to happen.
It only hurts the economy if the laws are not applied, and/or if the general levels of blatant economical corruption aren't already locked in place.
So let's say it makes the system implode.
That would only serve to prove one thing: the system wasn't reliable enough/too corruptible.
And it's better to get an addict off the shit as early as possible.
The more X was exposed to a major high without consequences, the harder withdrawal.
And today's moves on GME and their silver bullshit is just plain evidence of that.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
Last edited by HubU on Mon, 1st Feb 2021 19:38; edited 1 time in total
|
|
| Back to top |
|
|
HubU
VIP Member
Posts: 11360
|
| Posted: Mon, 1st Feb 2021 19:34 Post subject: |
|
|
@skx7 kudos on you for buying shares, but you don't seem to be educated enough in this to take risks.
I hope you didn't forfeit your well-being for any of it.
I know the sound of sudden riches would make anybody jump on their feet. FOMO is a thing, but it has to be tempered.
So, please, don't go chasing something you don't (fully) understand nor can afford, just to be part of something.
Sorry if I was patronizing, it's not my intention. I just don't want you to fuck up your financial situation.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 19:40 Post subject: |
|
|
|
|
|
| Back to top |
|
|
HubU
VIP Member
Posts: 11360
|
| Posted: Mon, 1st Feb 2021 19:52 Post subject: |
|
|
| skx7 wrote: |
I didnt buy shares? where do you read this? you can enjoy what happens right now without having bought GME shares at 5USD 
I only had red hat shares last 8 years and sold all when IBM acquired it. I fucking worked >10 years in financial controlling of US and EU quoted companies. I buy stock when I believe in a company/product I have seen the books inside out of quoted companies, dont teach me |
Oh, my mistake. With your sudden hype and messages, it brought me to think you did. Clearer now, thank you 
It's just that when you said "you cannot short as private investor", I was like "eeeehhhh, well, yeah, you can". And following it by " I fucking worked >10 years in financial controlling of US and EU quoted companies", is now a pretty tough look to wear, and explains a lot on how our markets behave.
Sorry, and I'm not saying it's your case, but ie HSBC were/are known to hire hacks they feed bullshit too, so that they rubberstamp some lost cases. Sooooo....
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 20:41 Post subject: |
|
|
|
|
|
| Back to top |
|
|
|
|
|
| Back to top |
|
|
|
|
| Posted: Mon, 1st Feb 2021 22:42 Post subject: |
|
|
Well if he has peace of mind now, what better thing could there be?
|
|
| Back to top |
|
|
| Page 3 of 6 |
All times are GMT + 1 Hour |
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
Powered by phpBB 2.0.8 © 2001, 2002 phpBB Group
|
|
 |
|
