arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, jonebone said: Either way, pucker those buttholes and keep witnessing history. Still hasn't come to a head. But Eric gloated yesterday that it was all over! Braveheart's mistake was that he was thinking like an investor that actually cares about losing money and completely underestimates the crowd on this one's willingness to see their money go down in flames for the opportunity to bankrupt some hedge funds along the way. (with rage further fueled by the events of yesterday) Definitely agree that the fat lady hasn't sung yet. 2 Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 The other fascinating anomaly right now: in terms of reporting positions (short or otherwise) the hedge funds have CONSIDERABLE incentive to lie, because the fine for misreporting is so much smaller than their potential losses if honest reports fuel the mania further. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 It is so quiet. I think the shorts might have given up. Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 Just now, arch_8ngel said: The other fascinating anomaly right now: in terms of reporting positions (short or otherwise) the hedge funds have CONSIDERABLE incentive to lie, because the fine for misreporting is so much smaller than their potential losses if honest reports fuel the mania further. So in other words, they can manipulate the market by lying and scare the memers into selling. Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 30 minutes ago, Californication said: I'll take a look. I don't like 538 though, their calculations on political numbers are notoriously bad despite being widely used. Actually, they were the only people who gave Trump a chance in 2016. I believe they had his chance of winning at 38% or something around there. Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 5 minutes ago, ThePhleo said: So in other words, they can manipulate the market by lying and scare the memers into selling. Yes, that is exactly what they are currently incentivized to do. Would you rather pay a few million in fines? Or would you rather lose 10's of BILLIONS of dollars and have your fund blow up completely, and your name as a fund manager go down in history as the guy that lost that bet? (and to that end -- I will not be at all surprised if significant white-collar crime is taking place for the same reasons of desperate self-preservation in the hopes that they can avoid jail time later) Edited January 29, 2021 by arch_8ngel 2 Link to comment Share on other sites More sharing options...
CodysGameRoom | 2,008 Posted January 29, 2021 Share Posted January 29, 2021 So is it too late to get in on this or.... 1 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 3 minutes ago, CodysGameRoom said: So is it too late to get in on this or.... Yes. It has become even more volatile and unpredictable, but without the previous highs. 1 Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 Link to comment Share on other sites More sharing options...
CodysGameRoom | 2,008 Posted January 29, 2021 Share Posted January 29, 2021 6 minutes ago, DoctorEncore said: Yes. It has become even more volatile and unpredictable, but without the previous highs. Damn. Well at least I still have this interest bearing CD! 1 Link to comment Share on other sites More sharing options...
Hammerfestus | 3,840 Posted January 29, 2021 Share Posted January 29, 2021 ? 2 2 Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 10 minutes ago, Hammerfestus said: ? We're reverting back to hieroglyphics. Alphabet was overrated anyway. Wait, I mean... 𓂀 Edited January 29, 2021 by ThePhleo 2 Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 Also, the guy who's been the most visible during all this has been scamming everyone. He's a a licensed financial advisor, not some average dude day trader. https://www.cnbc.com/2021/01/29/famed-gamestop-bull-roaring-kitty-is-a-massachusetts-financial-advisor.html Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 7 minutes ago, DoctorEncore said: Also, the guy who's been the most visible during all this has been scamming everyone. He's a a licensed financial advisor, not some average dude day trader. https://www.cnbc.com/2021/01/29/famed-gamestop-bull-roaring-kitty-is-a-massachusetts-financial-advisor.html "Licensed financial advisor" is a pretty low bar in terms of investment sophistication, for what it's worth. In my book, that is really no different than "some average dude day trader". EDIT: especially since he is just some worker-bee at a big insurance company. Definitely not equivalent to someone at a major trading desk for instance. Edited January 29, 2021 by arch_8ngel Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 2 minutes ago, arch_8ngel said: "Licensed financial advisor" is a pretty low bar in terms of investment sophistication, for what it's worth. Agreed. But it certainly wasn't the image he was projecting (or allowing others to project about him). Even if I think the dude is shady, it's still funny to watch the hedge funds get blown up for irresponsible gambling. Edited January 29, 2021 by DoctorEncore Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 (edited) I asked y'all for help and had no where else to turn ... Edited January 29, 2021 by ThePhleo 2 Link to comment Share on other sites More sharing options...
arch_8ngel | 1,597 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 9 minutes ago, DoctorEncore said: Agreed. But it certainly wasn't the image he was projecting (or allowing others to project about him). Even if I think the dude is shady, it's still funny to watch the hedge funds get blown up for irresponsible gambling. Personally, my view on "licensed financial advisors" is that I think that are probably required to have about the level of options-trading sophistication as your average bus driver or school teacher. Especially if they work at a place like Mass Mutual where they are probably just selling annuities on commission. That said -- dude is probably going to get fired and potentially lose his license, now that he was doxxed -- but with $13MM in cash, I doubt he cares, if he hadn't already quit anyway. For what it's worth, though -- I don't think this guy was "scamming" the average joe -- his play all along was Burry-esque in being about participating in a position that blows up institutions that made bad bets they should never have been allowed to make in the first place (i.e. naked short selling). He did his own homework on what was possible with the series of way OTM call options he picked, and his lottery tickets paid off. (and quite frankly -- I'd be extremely suspicious of the intent of doxxing him at all -- the hedge funds on the losing side of the bet have been running an aggressive smear campaign against GME stock to try and save their asses -- no reason to believe that doesn't extend to trying to make DFV's life hell in the process) Edited January 29, 2021 by arch_8ngel Link to comment Share on other sites More sharing options...
RegularGuyGamer | 2,013 Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, Californication said: Fuck Jim Cramer. He's a grifter and was grilled by Jon Stewart on doing THE ACT SAME THING these Reddit lads are doing. Giving stock momentum and taking profits. 2 Link to comment Share on other sites More sharing options...
Deadeye | 1,596 Homebrew Team · Posted January 29, 2021 Share Posted January 29, 2021 I doubled my position in AMC in the pre-market. Let's see where this goes. 1 Link to comment Share on other sites More sharing options...
Reed Rothchild | 9,525 Editorials Team · Posted January 29, 2021 Share Posted January 29, 2021 3 hours ago, guitarzombie said: I just wanted to say how much I despise 'meme culture'. I think its pathetic. When 4chan becomes a significant cultural force Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 21 minutes ago, Deadeye said: I doubled my position in AMC in the pre-market. Let's see where this goes. Nice! I wasn't expecting it to bounce back. I think it's a decent long term hold if you can get in under 10 though. Link to comment Share on other sites More sharing options...
Californication | 1,477 Posted January 29, 2021 Share Posted January 29, 2021 I think they are going to attack all at once at some point. Robinhood etc. limits haven't been tested on how trying to purchase is going tobbe affected. (I'm not a fin. advisory, actually not very good at this, thid is not fin. advice.) Link to comment Share on other sites More sharing options...
DoctorEncore | 3,691 Posted January 29, 2021 Share Posted January 29, 2021 I have to say, I'm actually really impressed with the hold that's going on by all these day traders. I would 100% have exited by now. I'm also amazed that the stock is still 120% shorted. It seems like we're at a bit of an impasse. Link to comment Share on other sites More sharing options...
ThePhleo | 2,184 Posted January 29, 2021 Share Posted January 29, 2021 15 minutes ago, DoctorEncore said: I have to say, I'm actually really impressed with the hold that's going on by all these day traders. I would 100% have exited by now. I'm also amazed that the stock is still 120% shorted. It seems like we're at a bit of an impasse. That's the thing. We have no idea what we're doing, and we're being led by people who *think* they know what they're doing, who are all being manipulated by a couple of guys who *definitely* know what they're doing. Hi, my name is @ThePhleo and I have no idea what I'm doing, and I helped crashed the stock market. 1 2 Link to comment Share on other sites More sharing options...
RegularGuyGamer | 2,013 Posted January 29, 2021 Share Posted January 29, 2021 (edited) 18 minutes ago, DoctorEncore said: I have to say, I'm actually really impressed with the hold that's going on by all these day traders. I would 100% have exited by now. I'm also amazed that the stock is still 120% shorted. It seems like we're at a bit of an impasse. These are the same people who found the he will not divide us flag by shia labeouf from weather patterns and airline routes. Edited January 29, 2021 by RegularGuyGamer 1 1 Link to comment Share on other sites More sharing options...
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