Stocks and Trading Thread - Channeling your inner Mono

[alfred russel]

But there isn't a current short squeeze (which is distinct from individual shorts getting squeezed, which is definitely happening). The stock is so shorted there is nothing available to short. Every available share is shorted. That is true now and it will be true so long as the price remains this high.

[Sheilbh]

The idea as I gather for those who are in on it big is that the short sellers will be effectively forced by the institutions who loaned them the stock to pay huge money for actual stock as happened with volkswagen.

Right.  Apart from the "forced" part, I get the logic of the short squeeze driving up the price.  But for that to work you still need willing buyers at a price above what you paid.  Where are those willing buyers?  Except for the members of the Reddit flash mob, everyone else thinks it's a $6 stock.

For some it'll be YOLO with, say, $1,000 - join in, internet community, watch a hedgie go bust. I can think of worse ways to spend time in a pandemic.

[Tamas]

Apparently Reddit has shut down the Wallstreetbets forum.
Big investors get bailouts for recklessness, individuals get silenced.

[garbon]

Apparently Reddit has shut down the Wallstreetbets forum.
Big investors get bailouts for recklessness, individuals get silenced.

I feel hard to feel all the people are being silenced with this.

[Sheilbh]

Apparently Reddit has shut down the Wallstreetbets forum.
Big investors get bailouts for recklessness, individuals get silenced.

Yeah. Apparently it's not been shut down for anything to do with this. It's been shut down for "hate speech".

It took them four plus years to have a look at what was going on in TheDonald

[HVC]

That forum wasn't costing rich guys money.

[Habbaku]

Apparently Reddit has shut down the Wallstreetbets forum.
Big investors get bailouts for recklessness, individuals get silenced.

It got set private. It's been set private before. WSB will rise again.

[Admiral Yi]

Big investors get bailouts for recklessness

Please elaborate.

[Tamas]

Big investors get bailouts for recklessness

Please elaborate.

Aint gonna give you a brief on the 2008 crisis mate you will need to do your own reading up on that.

[Admiral Yi]

Aint gonna give you a brief on the 2008 crisis mate you will need to do your own reading up on that.

I guess you didn't consider the possibility I didn't know what you were talking about.  I saw something similar in a youtube title and figured some short hedge funds had been bailed out.

Of course calling TARP a bailout of "big investors" is bullshit.

[Zoupa]

 

[Admiral Yi]

Tesla misses on earnings report, stock down from 880 to 820 after hours.

[HVC]

Aint gonna give you a brief on the 2008 crisis mate you will need to do your own reading up on that.

I guess you didn't consider the possibility I didn't know what you were talking about.  I saw something similar in a youtube title and figured some short hedge funds had been bailed out.

Of course calling TARP a bailout of "big investors" is bullshit.

What would you classify it as?

[Admiral Yi]

What would you classify it as?

Propping up the banking system (and the auto industry later).

[HVC]

Maybe I'm misremembering, or misunderstanding , but didn't most of the money go to investment banks? Wouldn't that be classified as "big investors"?