Stocks and Trading Thread - Channeling your inner Mono

Started by MadImmortalMan, December 21, 2009, 04:32:41 AM

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The Minsky Moment

#3645
February 03, 2021, 01:20:29 PM
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.
We have, accordingly, always had plenty of excellent lawyers, though we often had to do without even tolerable administrators, and seen destined to endure the inconvenience of hereafter doing without any constructive statesmen at all.
--Woodrow Wilson

Habbaku

#3646
February 04, 2021, 10:15:38 AM
GameStop rout continues. :yeah:
The medievals were only too right in taking nolo episcopari as the best reason a man could give to others for making him a bishop. Give me a king whose chief interest in life is stamps, railways, or race-horses; and who has the power to sack his Vizier (or whatever you care to call him) if he does not like the cut of his trousers.

Government is an abstract noun meaning the art and process of governing and it should be an offence to write it with a capital G or so as to refer to people.
-J. R. R. Tolkien

Josquius

#3648
February 04, 2021, 02:53:57 PM
Quote from: Admiral Yi on February 04, 2021, 02:45:24 PM
https://www.youtube.com/watch?v=KsXvGrHmYlM

Koss insiders unloaded shares on redditeers. :nelson:


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.
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The Minsky Moment

#3649
February 04, 2021, 02:55:36 PM
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.
We have, accordingly, always had plenty of excellent lawyers, though we often had to do without even tolerable administrators, and seen destined to endure the inconvenience of hereafter doing without any constructive statesmen at all.
--Woodrow Wilson

Admiral Yi

#3650
February 04, 2021, 03:02:41 PM
Quote from: Tyr on February 04, 2021, 02:53:57 PM
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

#3651
February 04, 2021, 03:05:21 PM
Quote from: Admiral Yi on February 04, 2021, 03:02:41 PM
Quote from: Tyr on February 04, 2021, 02:53:57 PM
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.
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Admiral Yi

#3652
February 04, 2021, 03:11:40 PM
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

#3653
February 04, 2021, 04:42:27 PM
Quote from: The Minsky Moment on February 04, 2021, 02:55:36 PM
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?
Quote"This is a Russian warship. I propose you lay down arms and surrender to avoid bloodshed & unnecessary victims. Otherwise, you'll be bombed."

Zmiinyi defenders: "Russian warship, go fuck yourself."

The Minsky Moment

#3654
February 04, 2021, 04:52:32 PM
Well I mentioned Air Products because the bears have pushed it down recently. 
We have, accordingly, always had plenty of excellent lawyers, though we often had to do without even tolerable administrators, and seen destined to endure the inconvenience of hereafter doing without any constructive statesmen at all.
--Woodrow Wilson

The Minsky Moment

#3655
February 04, 2021, 05:06:06 PM
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.
We have, accordingly, always had plenty of excellent lawyers, though we often had to do without even tolerable administrators, and seen destined to endure the inconvenience of hereafter doing without any constructive statesmen at all.
--Woodrow Wilson

Admiral Yi

#3656
February 04, 2021, 06:13:38 PM
GME 49.85 after hours.  You were a day off Tamas.

Admiral Yi

#3658
February 05, 2021, 03:53:27 AM
https://www.youtube.com/watch?v=0VUql_xILpI

Dude reads what he claims is the very first WSB Gamestop post.

Tamas

#3659
February 05, 2021, 04:13:18 AM
Quote from: Admiral Yi on February 04, 2021, 06:13:38 PM
GME 49.85 after hours.  You were a day off Tamas.

And the CFD broker just wrote they can give me my loss from the glitch back but that's it.  :mad: Bloody morons I would have been up almost 200 pounds.

Well, there goes their future income from my reckless gambling.
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