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62 | 44.93% |
| No |
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76 | 55.07% |
| Total: | 138 votes | ||
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CommieGIR posted:Pump and Dump in action, hooray! It was back up to $75 a moment ago. $67 now. It’s going to be very volatile because there’s a low number of shares and more people have short positions than there exist shares so in theory at any moment the order book could fall all the way back to all the redditor’s sell orders at $420.69 Or it could collapse to $5. Who knows!
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Jan 25, 2021 19:29
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The first transition to allowing trans service-members in my non-combat unit took about 20 seconds and consisted of the sentence, "They will conform to male/female standards of dress an fitness until DEERS says otherwise, next question"
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Jan 25, 2021 19:30
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hobbesmaster posted:It was back up to $75 a moment ago. $67 now. Yeah, its gonna bounce around a bit but it will no doubt crash back down.
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Jan 25, 2021 19:32
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It's not like we were short on things loving with global market stability, but I definitely didn't have "millions of nerds getting into stock trading because YouTubers made it cool and mainstream" on my list
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Jan 25, 2021 19:32
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Duzzy Funlop posted:It's not like we were short on things loving with global market stability, but I definitely didn't have "millions of nerds getting into stock trading because YouTubers made it cool and mainstream" on my list Yeah, and I suspect there's going to be some questions from the FTC about whether talking up a stock on a Stream/Youtube channel counts as a pump an dump, I suspect it will. Encouraging hundreds of people to buy a stock to inflate the price and sell when it peaks is very much scam level territory.
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Jan 25, 2021 19:34
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CommieGIR posted:Yeah, and I suspect there's going to be some questions from the FTC about whether talking up a stock on a Stream/Youtube channel counts as a pump an dump, I suspect it will. Encouraging hundreds of people to buy a stock to inflate the price and sell when it peaks is very much scam level territory. It isn’t a crime when the “stream” is CNBC and the “channel” mad money.
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Jan 25, 2021 19:37
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CommieGIR posted:Yeah, and I suspect there's going to be some questions from the FTC about whether talking up a stock on a Stream/Youtube channel counts as a pump an dump, I suspect it will. Encouraging hundreds of people to buy a stock to inflate the price and sell when it peaks is very much scam level territory. this is the basis for the entire financial system
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Jan 25, 2021 19:39
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CommieGIR posted:Yeah, and I suspect there's going to be some questions from the FTC about whether talking up a stock on a Stream/Youtube channel counts as a pump an dump, I suspect it will. Encouraging hundreds of people to buy a stock to inflate the price and sell when it peaks is very much scam level territory. Yes, but old money media is 1000 hours of Cramer, the money suit guy, all the Yahoo news talking up stocks they were told to pump so their Murdoch or Congress or whoever can dump. In a normal financial ecosystem the retail investors are bait fish or chum. Today a school of bait fish just but the gently caress outta a shark. Can't van bait fish cuz that's your food so every other shark just has to hope this is a one time thing.
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Jan 25, 2021 19:41
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Some idiots saw some bigger idiots making an unforced error with naked shorts. The SEC can punt on this and they will, because ~the market~ stands to lose more money by admitting there’s a problem than by ignoring it. Platystemon fucked around with this message at 19:53 on Jan 25, 2021 |
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Jan 25, 2021 19:46
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Yeah I stand corrected, I didn't think that through. Forgot I live in Hellworld.
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Jan 25, 2021 19:49
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UP THE BUM NO BABY posted:EMH relies upon people acting rationally lol The gamestop trades are rational. People found a way to squeeze some overexposed shorts. Tesla trading is not remotely rational in any way.
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Jan 25, 2021 19:50
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facialimpediment posted:The transban is now toast. Good. Its been a hot topic here since it was a Day 1 promise that well ... its now working Day 4. I really really really hope they improve the Carter policy to get it more in line with current healthcare. Having so much of trans healthcare being denied because its “cosmetic” is really lovely. Hormones help but having a diagnosed case of body dysmorphia would make you think something else (surgery - face, top, bottom) might need to be done. Or think about how the murder rate is for trans woc is - and how that could be another factor. And voice training. And hair removal and/or transplants. There’s a lot of room for improvement.
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Jan 25, 2021 19:51
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its not even really market manipulation, it was "this other guy is trying to short gamestop and I think he's wrong, so I'm going to buy gamestop stock to prove he's an idiot"
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Jan 25, 2021 19:53
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PookBear posted:its not even really market manipulation, it was "this other guy is trying to short gamestop and I think he's wrong, so I'm going to buy gamestop stock to prove he's an idiot" The real question is how easy this will be to  and exploit in the future.
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Jan 25, 2021 19:54
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Mr. Nice! posted:The real question is how easy this will be to Oh god, no don't do it. Doomsday econ has been wrong every single time in hilarious ways. This is a dead gay comedy forum not a dead gay bloomberg terminal.
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Jan 25, 2021 19:59
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Mr. Nice! posted:The gamestop trades are rational. People found a way to squeeze some overexposed shorts. EMH rationality means using all available information. I fail to see how people playing with GameStop's options and stock are efficiently using all available information right now e: hopping onto a fad that is so volatile isn't rational lmao
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Jan 25, 2021 20:07
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KirbyKhan posted:Oh god, no don't do it. Doomsday econ has been wrong every single time in hilarious ways. This is a dead gay comedy forum not a dead gay bloomberg terminal. The Something Awful Forums › Discussion › C-SPAM › doomsday econ: dead gay bloomberg terminal
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Jan 25, 2021 20:08
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Mr. Nice! posted:The real question is how easy this will be to I don't know much about markets, but isn't it stupid easy to do? The problem being you have to have someone to hold the bag at the end and take a loss and hopefully that isn't anyone in the zerg rush?
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Jan 25, 2021 20:09
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KirbyKhan posted:Oh god, no don't do it. Doomsday econ has been wrong every single time in hilarious ways. This is a dead gay comedy forum not a dead gay bloomberg terminal. That’s r/wallstreetbets. They’ve been trying this GME thing for a month.
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Jan 25, 2021 20:13
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Defenestrategy posted:I don't know much about markets, but isn't it stupid easy to do? The problem being you have to have someone to hold the bag at the end and take a loss and hopefully that isn't anyone in the zerg rush? Yes, the main challenge is convincing someone to hold a bag for you without them refusing or coming to find you afterwards. Turns out redditers have an easier time doing it to each other on the pathway to msnbc or other old white people to say it on tv. The ultimate bag holder is your parent, and if you can't do that you cant convince the internet to hold a bag for you.
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Jan 25, 2021 20:15
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There was already a guy holding a bag. His name is “Citron”, and he loudly announced his intention to walk down a dark alley. All you have to do is meet him there and take his money. Platystemon fucked around with this message at 20:45 on Jan 25, 2021 |
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Jan 25, 2021 20:19
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UP THE BUM NO BABY posted:EMH rationality means using all available information. I fail to see how people playing with GameStop's options and stock are efficiently using all available information right now You're looking at things with the wrong type of rational in mind. Rational in this context is discussing a pure risk-reward type thing. The people buying GME were doing so very deliberately. It wasn't illogical or fraudulent. It's exploiting a poor (but still rational) choice made by the hedge fund shorts. Defenestrategy posted:I don't know much about markets, but isn't it stupid easy to do? The problem being you have to have someone to hold the bag at the end and take a loss and hopefully that isn't anyone in the zerg rush? Perhaps. The question remains to see how well this can be exploited again in the future. For this situation to happen, you need a stock that is dramatically oversold that also has very low volume of trades. GME had more short interest against it than it had actual outstanding shares. That's an extreme position taken by the hedge fund because they had never been punished for taking that level of risk. They have now been punished, and we'll see if anyone else leaves themselves similarly exposed. In this case the bagholder is literally the hedge fund. In order to close their shorts, they had to buy an equal number of shares at the market price. This meant the r/wsb guys were able to cash out with the spike as everyone had to buy shares to close their underwater shorts. Now the stock will fall back down as the hedge fund tries to sell off its new interest. e: Platystemon posted:There was already a guy holding a bag. His name is “Citron”, and loudly announced his intention to walk down a dark alley. This is completely correct. This is a situation where the hedge fund took a risky position and was punished hard for it.
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Jan 25, 2021 20:35
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Pelosi laptop lady isn't making life easy on herself. The internet never forgets. https://twitter.com/MacFarlaneNews/status/1353788449711648769?s=19
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Jan 25, 2021 20:41
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hobbesmaster posted:That’s r/wallstreetbets. They’ve been trying this GME thing for a month. the stock thread in BFC was up on GME a month or two ago or whatever as well. if you want to learn how to YOLO options gamble that's a great place to start on our very own forum. just kidding you don't learn you just do poo poo then get cleaned out
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Jan 25, 2021 20:45
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My best advice for people who want to capture some market gains, just invest in the blue chips that cause the overall market to move or in a market index. A portfolio of apple, google, amazon, and a few others will continue to make solid gains for the indefinite future. Do not start trading options and trying to day trade as that's a path towards madness and losing everything you own. Reminder that all stock trading requires a counter party and 99% of the time, they are more sophisticated than you.
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Jan 25, 2021 20:51
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https://twitter.com/nickbiddle/status/1353765723982753792?s=20 Can’t wait to see how Centrist Trap Queen and Daughter navigate the struggles of the communist revolutionary women’s militias in Syria, hoowieee.
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Jan 25, 2021 20:51
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CRUSTY MINGE posted:I'll take that job. Walking white house dogs is like the ultimate base gym job handing out towels. He's actually worked his way up from gardener to Superintendent of the White House Grounds, and has worked there since 1972. His job might open up in a few.
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Jan 25, 2021 20:52
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Mr. Nice! posted:My best advice for people who want to capture some market gains, just invest in the blue chips that cause the overall market to move or in a market index. A portfolio of apple, google, amazon, and a few others will continue to make solid gains for the indefinite future. Boooooring! Take all your money, open every line of credit, and start contacting ferrari dealerships because if you invest, sight unseen, in these 5 vaguely nostalgic stocks you'll be rich just like me! *Is not rich
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Jan 25, 2021 20:55
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I’m ok with redditors loving with the fake number that our government dumps trillions into in order to keep billionaires happy. If you can’t beat em join em I guess.
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Jan 25, 2021 21:11
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pantslesswithwolves posted:https://twitter.com/nickbiddle/status/1353765723982753792?s=20 If their involvement gets more popular support for the YPJ, that's great. But somehow I can't picture one of the progenitors of the loving Democratic Leadership Council being real enthusiastic about a lot of the things that underlie a women's socialist/communist/anarchist movement.
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Jan 25, 2021 21:14
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boop the snoot posted:I’m ok with redditors loving with the fake number that our government dumps trillions into in order to keep billionaires happy. It's a game where both teams are odious and someone has to lose, so  Seconding index funds. Slow, boring, and consistent.
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Jan 25, 2021 21:21
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https://twitter.com/MalwareTechBlog/status/1352736011852279808?s=20
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Jan 25, 2021 21:23
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Don’t buy S&P index fund because that means buying TSLA.
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Jan 25, 2021 21:24
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But TSLA has no where to go but the moon
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Jan 25, 2021 21:49
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You can always invest hundreds of hours in to learning how to read companies books, learning to trade and testing your strategies on small scale, taking meticulous notes, creating playbooks of your best trade setups, doing daily report cards on your performance and journaling, spending your weekend time analyzing charts and identifying setups and stocks for the future and developing a network of other serious experienced traders to learn from and committing to improving a day at a time and recognize it takes years as an alternative to just putting it in index funds if you want to learn to do it yourself. Or you could YOLO some deep OTM PLTR calls because WSB is on that pump again.
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Jan 25, 2021 21:56
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maffew buildings posted:You can always invest hundreds of hours in to learning how to read companies books, learning to trade and testing your strategies on small scale, taking meticulous notes, creating playbooks of your best trade setups, doing daily report cards on your performance and journaling, spending your weekend time analyzing charts and identifying setups and stocks for the future and developing a network of other serious experienced traders to learn from and committing to improving a day at a time and recognize it takes years as an alternative to just putting it in index funds if you want to learn to do it yourself. Are you telling me the guy on reddit who told me that this stock is "sure to be a heckin chonker" and that the machine elves told him so was lying to me?
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Jan 25, 2021 21:59
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Mr. Nice! posted:My best advice for people who want to capture some market gains, just invest in the blue chips that cause the overall market to move or in a market index. A portfolio of apple, google, amazon, and a few others will continue to make solid gains for the indefinite future. Day trading is legal gambling and the house has a lot more money and will get bailed out by the government if they lose too hard. Best returns are S&P 500 mutual funds. Anyone wondering if the stockmarket is actually overpriced the answer in iso is yes, when compared to other asset classes its no. Everyone wants a return.
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Jan 25, 2021 22:26
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maffew buildings posted:You can always invest hundreds of hours in to learning how to read companies books, learning to trade and testing your strategies on small scale, taking meticulous notes, creating playbooks of your best trade setups, doing daily report cards on your performance and journaling, spending your weekend time analyzing charts and identifying setups and stocks for the future and developing a network of other serious experienced traders to learn from and committing to improving a day at a time and recognize it takes years as an alternative to just putting it in index funds if you want to learn to do it yourself. Listen I want to fly a chopper, not look at a bunch of crazy dials!  I HAVE RIGHTS
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Jan 25, 2021 22:26
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Kazinsal posted:I'm absolutely baffled at the fact that a bunch of Redditors with daytrading addictions successfully pumped and dumped *Gamestop* of all loving stocks. They picked the perfect target, when this started there were more shares of gamestop being actively shorted than even exist. Then as the pump takes, all those people start getting calls from their broker telling them "You've got 90 seconds to deposit $x0,000 or we're closing your position and sending you the bill", and then the brokerage buys the stock at any price they can get just to get the risk off their books. It's a distributed artificially induced short squeeze and it's glorious to see this tool of the deep-pocketed corporate raider fully democratized. It's basically what Herbalife did to Bill Ackerman a few years ago.
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Jan 25, 2021 22:34
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The amount of self awareness, discipline and risk management you need to day trade is, shockingly, absent in our society that decided hot tips from reddit are basis for rolling their net worth and also failed to stay home and wear masks during a pandemic.
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Jan 25, 2021 22:35
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