Stocks and Trading Thread - Channeling your inner Mono

[Tamas]

Bloody hell WSB was a sad read last night. Not so much the loss porn but more like the clearly upset people clinging on to false hope and sense of solidarity to justify their losses and continued pouring of money into this lost cause.

The few voices of reason are drowned out by DIAMON HANDS and HODL.

Explains why the plummet stopped. Everyone who was in for a quick buck is gone leaving behind the true cultists and those playing a very long game who bought in at $2 or something.
Iirc all the shorts they were betting against were set quite a bit lower than $80, coming from the days when it had a sane price and was expected to drop even from that.
I am going to keep an eye on this, just on the off chance it isnt over. As said there are people with millions in this still

It's going to $50 today.

[Admiral Yi]

God I hope so.

[Josquius]

Bloody hell WSB was a sad read last night. Not so much the loss porn but more like the clearly upset people clinging on to false hope and sense of solidarity to justify their losses and continued pouring of money into this lost cause.

The few voices of reason are drowned out by DIAMON HANDS and HODL.

Explains why the plummet stopped. Everyone who was in for a quick buck is gone leaving behind the true cultists and those playing a very long game who bought in at $2 or something.
Iirc all the shorts they were betting against were set quite a bit lower than $80, coming from the days when it had a sane price and was expected to drop even from that.
I am going to keep an eye on this, just on the off chance it isnt over. As said there are people with millions in this still

It's going to $50 today.

That would be interesting. I've got a $60 figure in my head for some reason, though that does feel too high. Might just be the value when I first noticed this.

The question stands as to just what those with millions who didn't sell at the top are doing.

[Tamas]

God I hope so.

I still have no reply from my CFD provider. 

[alfred russel]

The question stands as to just what those with millions who didn't sell at the top are doing.

If they are men of honor, seppuku.

[Admiral Yi]

If they are men of honor, seppuku.

Waiting for Steiner's army.

[Tamas]

I would assume most of them have covered. It is the people buying around 300-400 who are still holding. It's pretty standard to cling to your losing ones hoping for a miracle.

The main guy who started this whole thing DFV or whoever, allegedly he has already cashed out $10+ million but continues to hold the rest (and already lost like close to $20 mill since the top).

[Admiral Yi]

Holding steady at 90 pre-market!

[The Minsky Moment]

Whoa! So the big shot lawyers will get a handsome payday while the ordinary victims get $4? Seems like the deck is stacked against the little guy.

Now you're on the right track . . .

[The Minsky Moment]

Bloody hell WSB was a sad read last night. Not so much the loss porn but more like the clearly upset people clinging on to false hope and sense of solidarity to justify their losses and continued pouring of money into this lost cause.

The few voices of reason are drowned out by DIAMON HANDS and HODL.

How long did they think the stock was going to stick at $500+ per share?   

[Josquius]

Bloody hell WSB was a sad read last night. Not so much the loss porn but more like the clearly upset people clinging on to false hope and sense of solidarity to justify their losses and continued pouring of money into this lost cause.

The few voices of reason are drowned out by DIAMON HANDS and HODL.

How long did they think the stock was going to stick at $500+ per share?   

Not long. They expected a repeat of Vauxhall in 2008 with a peak at above 1000 before crashing as everyone sells to shorters

[garbon]

Bloody hell WSB was a sad read last night. Not so much the loss porn but more like the clearly upset people clinging on to false hope and sense of solidarity to justify their losses and continued pouring of money into this lost cause.

The few voices of reason are drowned out by DIAMON HANDS and HODL.

How long did they think the stock was going to stick at $500+ per share?   

Well you did have luminaries like Ja Rule telling them to #holdtheline

[Admiral Yi]

Not long. They expected a repeat of Vauxhall in 2008 with a peak at above 1000 before crashing as everyone sells to shorters

Do you mean Volkswagen?  Googling Vauxhall short squeeze gives me nothing.

[Tamas]

Not long. They expected a repeat of Vauxhall in 2008 with a peak at above 1000 before crashing as everyone sells to shorters

Do you mean Volkswagen?  Googling Vauxhall short squeeze gives me nothing.

Yes I think he meant VW. But also if you are looking to find Vauxhall you need to look for Opel.

[Josquius]

Yes, meant Volkswagen, mind went elsewhere.