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02-01-2021, 02:45 AM
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#1
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Valued Poster
Join Date: Apr 26, 2020
Location: Western NY
Posts: 1,105
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NYSE - too big to fail
Gamestop trading
Last week surprised nearly everyone... because it was unprecedented. Mass “meme stock” buying campaigns significantly increased collateral deposit requirements on those stocks, which led to industry-wide trading restrictions... on those stocks. And retail investing reached a new level of social relevance. As the “mainstreamification” of investing continues, the “plumbing” powering the system will become more and more relevant to individual investors, too.
- Buying platforms of investor stock remove buy ability on a stock that is up 300% in the day, allowing the price to plummet 200%.
Apparently removing the buy options on a stock, thats already verified to have received even more shorts than what was shorted before this started has been manipulated by the BIG BOYS to allow their hedge funds to continue to short GME while removing buyers ability to continue purchasing the stock.
TOO BIG TO FAIL hedge funds double down on manipulated stock price with shorts on its $343 price, knowing no one is able to keep purchasing the stock and will eventually reverse their 17B in losses into record gains.
The short squeeze hasn't happened yet. if buyers were to keep buying GME and hitting $1000, the losses on the hedge funds would quadruple, hitting 70 billion in losses, collapsing all financial hedge funds who have any interest in GME stock.
GME still shorted 140% of its outstanding shares.
Anyone care to chip in on how unethical it is to artificially reduce the stock price, buy removing the regular retail investor a chance to buy the stock.
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02-01-2021, 11:53 AM
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#2
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Lifetime Premium Access
Join Date: Jan 9, 2011
Location: WNY
Posts: 598
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Buying up shares in a company whose stock price is un-tethered to it's ability to turn a profit is always a good idea. Why not go all in? What could go wrong?
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02-01-2021, 12:52 PM
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#3
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Valued Poster
Join Date: Sep 2, 2010
Location: FJB
Posts: 6,498
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Quote:
Originally Posted by bobmidnight
Buying up shares in a company whose stock price is un-tethered to it's ability to turn a profit is always a good idea. Why not go all in? What could go wrong?
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But it usually works.
Not saying this applies to you but the overwhelming majority of people have no idea what a short or a short squeeze is, even after it been in the news for a half a week.
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02-01-2021, 02:31 PM
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#4
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Valued Poster
Join Date: Apr 26, 2020
Location: Western NY
Posts: 1,105
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Quote:
Originally Posted by bobmidnight
Buying up shares in a company whose stock price is un-tethered to it's ability to turn a profit is always a good idea. Why not go all in? What could go wrong?
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The stock market hasn’t been tied to profits since George bush allowed the market to collapse in 2008, Amazon didn’t make a profit for 15 years and still when sky high in price, all stocks perform according to revenue.
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02-01-2021, 07:29 PM
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#5
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Lifetime Premium Access
Join Date: Jan 9, 2011
Location: WNY
Posts: 598
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Quote:
Originally Posted by Next Best Thing
But it usually works.
Not saying this applies to you but the overwhelming majority of people have no idea what a short or a short squeeze is, even after it been in the news for a half a week.
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It works, right up until it doesn't. Eventually, as sure as night follows day, some people will get killed in their positions.
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02-02-2021, 05:31 AM
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#6
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Valued Poster
Join Date: Dec 12, 2009
Location: near Lake Ontario
Posts: 49,422
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Quote:
Originally Posted by Next Best Thing
But it usually works.
Not saying this applies to you but the overwhelming majority of people have no idea what a short or a short squeeze is, even after it been in the news for a half a week.
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short squeeze ????
ya gave her a hug and ya squeeze the goods. But she didn't like so it was to short of time????
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02-02-2021, 08:10 AM
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#7
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Valued Poster
Join Date: Jan 4, 2010
Location: The Great State of Ennui
Posts: 22,026
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Quote:
Originally Posted by bobmidnight
It works, right up until it doesn't.
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Nice to see someone channeling their inner Wakeup...
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02-02-2021, 03:37 PM
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#8
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Lifetime Premium Access
Join Date: Jan 9, 2011
Location: WNY
Posts: 598
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Quote:
Originally Posted by Paulie Rockstar
Nice to see someone channeling their inner Wakeup...
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That's low dude.
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02-02-2021, 05:19 PM
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#9
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Valued Poster
Join Date: Jan 4, 2010
Location: The Great State of Ennui
Posts: 22,026
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fuckin jimmie bobhighnoon
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02-04-2021, 11:43 PM
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#10
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Premium Access
Join Date: Jan 21, 2016
Location: Upstate NY
Posts: 4,771
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Quote:
Originally Posted by bobmidnight
It works, right up until it doesn't. Eventually, as sure as night follows day, some people will get killed in their positions.
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Really enjoyed seeing some Hedge Fund sleazeballs getting DINGED Bigtime!
Kama's a bitch.
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03-07-2021, 06:45 AM
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#11
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Chasing a Cowgirl
Join Date: Oct 19, 2013
Location: Upstate Missouri
Posts: 33,557
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It was amusing.
Two closing thoughts:
The big funds can cover their collateral deposit requirements. The little guys can't. Which is why the political noise about Robinhood shut off when that was mentioned.
Then,
The big boys are now aware they had, yes had, an opening in their buy/sell computer programs on this type of issue. So now they are (some are at the not quite there yet) prepared for defensive activity.
Seriously, no one can trade quicker than one of the big outfits software, if that software doesn't have a hole in it. Which was proven.
Last, at one point Senvest had 5% of Gamestock, they made 700 million.
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03-07-2021, 10:53 PM
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#12
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Premium Access
Join Date: Jan 21, 2016
Location: Upstate NY
Posts: 4,771
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We live in interesting times.
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03-14-2021, 12:05 PM
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#13
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Sick up and fed....
Join Date: Jan 8, 2010
Location: South
Posts: 6,398
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Quote:
Originally Posted by Unique_Carpenter
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...Seriously, no one can trade quicker than one of the big outfits software....
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They do this shit for real, also. 24X7X365. WIth pro's that know what they are doing, even if it is fucked up.
They mighta had a "hole." But they filled it in, adjusted their positions, and made out in the end.
Even if a fund becomes untenable, they just "close" it. And open another.
.
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