Stocks and Trading Thread - Channeling your inner Mono

[The Minsky Moment]

Hmm looks the reddit investors won their war against the shorts only to get run over by their quant fund "allies"

[Admiral Yi]

Hmm looks the reddit investors won their war against the shorts only to get run over by their quant fund "allies"

Please explain.

Not sure about winning the war against the shorts.  The second wave (Citron and one other fund who's name I can't remember) must have made money on the drop from 400 to 80.

[The Minsky Moment]

Once the reddit buyers got the squeeze train rolling, the funds that trade on algorithmic strategies or momentum piled in and presumably took profits leaving the diamond hands holding the bag on the downside.

[Habbaku]

GameStop rout continues.

[Admiral Yi]

https://www.youtube.com/watch?v=KsXvGrHmYlM

Koss insiders unloaded shares on redditeers.

[Josquius]

https://www.youtube.com/watch?v=KsXvGrHmYlM

Koss insiders unloaded shares on redditeers.

Probably not the actual WSB people who lost out but those who heard from a friend of a friend that anything mentioned there was a get rich quick scheme.

[The Minsky Moment]

I'd take the class warfare angle more seriously if these guys would go into more blue collar stocks like Air Products and Chemicals, as opposed to a gaming retailer and a fancy headphone company.

[Admiral Yi]

Probably not the actual WSB people who lost out but those who heard from a friend of a friend that anything mentioned there was a get rich quick scheme.

Why do you think so?

Because the actual WSB people have demonstrated how astute and savvy they are, like the guy from Boston you said lost 10 million?

Even the very first movers on any of these short squeezes were paying owners way above market prices for their shares.

[Josquius]

Probably not the actual WSB people who lost out but those who heard from a friend of a friend that anything mentioned there was a get rich quick scheme.

Why do you think so?

Because the actual WSB people have demonstrated how astute and savvy they are, like the guy from Boston you said lost 10 million?

Even the very first movers on any of these short squeezes were paying owners way above market prices for their shares.

Because they were all buying Gamestop.
Koss wasn't even one of the main secondaries.

[Admiral Yi]

OK.  Only WSB stuff I've ever read is that Cuban thread you linked, so if you say they didn't buy Koss I'll take your word for it.

Not sure what difference that makes.

[Valmy]

I'd take the class warfare angle more seriously if these guys would go into more blue collar stocks like Air Products and Chemicals, as opposed to a gaming retailer and a fancy headphone company.

People who work at Gamestop are not lower class?

Anyway it was selected because of how shorted it was. Not every stock is that manipulatable. Is investing in Air Products going to bankrupt any hedge funds or anything?

[The Minsky Moment]

Well I mentioned Air Products because the bears have pushed it down recently. 

[The Minsky Moment]

If the point is to stick it to "Wall Street," they also picked the wrong target.  In the list of big Wall Street bad boys, I'd put long-short hedgies or short-focused funds way down the list.   PE and debt traders near the top, commodities traders somewhere up there.  Even in the hedge fund world I'd put the shorts and long-shorts behind NFT and the quant focused funds.  The latter tend to add to market instability but the shorts and long-shorts are stabilizing.  In an equity market dominated by passive index trackers, there needs to be some critical mass of active institutional-level investors to keep the pricing honest. Long only active managers can do that indirectly, but there is definitely a place and use for long-short and shorts.

[Admiral Yi]

GME 49.85 after hours.  You were a day off Tamas.

[Admiral Yi]

https://www.marketwatch.com/story/reddit-gamestop-booster-under-regulatory-scrutiny-11612457594

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