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Mr Hootington posted:Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management haha there's two world's and the rich never lose
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Jan 25, 2021 22:04
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I'm going to applying a system of morality to an inherently amoral system.
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Jan 25, 2021 22:07
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Zodium posted:i just wanted to see capital bleed. If it bleeds 🩸 we can kill  it.
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Jan 25, 2021 22:07
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billionaires just will prop your poo poo up. wild to see the timeliness
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Jan 25, 2021 22:08
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I for one did my part my 600 shares of gme are mine and they can't take it my avg cost 17$ I rather go to zero then Sell. This will be an epic story one way or the other one firm down can retail take more with them before the SEC shits on retail.
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Jan 25, 2021 22:10
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Mr Hootington posted:I'm going to applying a system of morality to an inherently amoral system. there's no ethical consumption under capitalism doesn't mean that some things aren't less ethical than others likewise, there's no morality in the stock market that doesn't mean that some things aren't more ethical than others ethics is a market inefficiency and will be destroyed whenever and wherever capital can in the long term it's really just a question of whether you think it's possible to be a good person in a bad system or if the system you were born into and have no hope of changing means that you can never be a good person
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Jan 25, 2021 22:11
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Greataval posted:I for one did my part my 600 shares of gme are mine and they can't take it my avg cost 17$ I rather go to zero then Sell. This will be an epic story one way or the other one firm down can retail take more with them before the SEC shits on retail. You should take some of your profits at some point.
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Jan 25, 2021 22:12
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the future is so goddamn weird
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Jan 25, 2021 22:13
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Zodium posted:i just wanted to see capital bleed. Relevant Tangent posted:it has been a fantastic day for Number 
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Jan 25, 2021 22:14
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SKULL.GIF posted:If it bleeds 🩸 we can kill 
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Jan 25, 2021 22:14
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SKULL.GIF posted:If it bleeds 🩸 we can kill i know. 
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Jan 25, 2021 22:16
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investors have been using WSB as a way to reverse-psychology normie investors into making terrible bets and scoring easy wins someone in WSB (or in general) figured this out and is doing the opposite of that to beat the institutional investors ???????????
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Jan 25, 2021 22:16
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lol remember back in march when the fed donated $300 billion to the market to not crash and it only held off the sell off for like 15 minutes.
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Jan 25, 2021 22:17
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Relevant Tangent posted:You should take some of your profits at some point. I will when it hits 500 a share but the point is to help break the system I have blown up many trading accounts I am not afraid of going to zero won't be the first time.
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Jan 25, 2021 22:19
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Relevant Tangent posted:there's no ethical consumption under capitalism doesn't mean that some things aren't less ethical than others Maybe this will be a learning moment and progress can be applied to capitalism!
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Jan 25, 2021 22:19
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Greataval posted:I will when it hits 500 a share but the point is to help break the system I have blown up many trading accounts I am not afraid of going to zero won't be the first time. Fair, you sound like an experienced poop-toucher.
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Jan 25, 2021 22:19
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Greataval posted:I will when it hits 500 a share but the point is to help break the system I have blown up many trading accounts I am not afraid of going to zero won't be the first time. no the agreed upon sell price is $1000, don't go soft now.
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Jan 25, 2021 22:20
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Mr Hootington posted:Maybe this will be a learning moment and progress can be applied to capitalism! capital won't learn poo poo but money will be redistributed downwards that's extremely good like capital is currently out 1.5 billion dollars because a bunch of people decided to make that happen, that's great! you should be ecstatic or at least happy about this poo poo imo
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Jan 25, 2021 22:20
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has any rich rear end in a top hat ever tried to do this sort of thing unilaterally? what happens if like, back in june when GME is $4 someone with real money looked at the situation and just starts buying up all the shares themselves even at massively inflated prices and refused to sell until they controlled almost all of it? could you create a situation where the shorters who couldnt get out are obligated to pay literally any price you set?
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Jan 25, 2021 22:24
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human garbage bag posted:no the agreed upon sell price is $1000, don't go soft now. That will test me because so the model that guy used to sell me I should get in was the volkswagen short of 09 I believe that happen so fast and the dump was quick look at that chart to get understand GME.
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Jan 25, 2021 22:24
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Fellatio del Toro posted:has any rich rear end in a top hat ever tried to do this sort of thing unilaterally? what happens if like, back in june when GME is $4 someone with real money looked at the gamestop situation and just starts buying up all the shares themselves even at massively inflated prices and refused to sell until they controlled almost all of it? could you create a situation where the shorters who couldnt get out are obligated to pay literally any price you set? Michael burry was the first buy in at 4$ then look at the chart in August last year.
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Jan 25, 2021 22:25
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Greataval posted:That will test me because so the model that guy used to sell me I should get in was the volkswagen short of 09 I believe that happen so fast and the dump was quick look at that chart to get understand GME. There are a shitton more shorters on GME because unlike VW it is a dead company.
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Jan 25, 2021 22:27
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that deepfuckingvalue guy sold 200 options for another 2M but is still holding 50k shares. i guess this makes sense. hold on and see if you get gently caress you rich while having life changing funds sitting pretty
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Jan 25, 2021 22:27
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All the dead 90s/00s stocks like Blackberry, Nokia, and GameStop are getting pumped. This is great. 
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Jan 25, 2021 22:27
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human garbage bag posted:There are a shitton more shorters on GME because unlike VW it is a dead company. Thems the dice you roll sometimes and that's the bet I'm willing to take.
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Jan 25, 2021 22:29
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Can someone give me a layman's explanation as to what's going on? I'm a bad maths man and economics makes my brain hurt, but it sounds like a bunch of internet weirdos are pumping otherwise low stocks skyward for the sole reason that they could?
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Jan 25, 2021 22:30
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Fellatio del Toro posted:has any rich rear end in a top hat ever tried to do this sort of thing unilaterally? what happens if like, back in june when GME is $4 someone with real money looked at the situation and just starts buying up all the shares themselves even at massively inflated prices and refused to sell until they controlled almost all of it? could you create a situation where the shorters who couldnt get out are obligated to pay literally any price you set? No the max price is linked to the total assets of the short sellers. Above that they declare bankruptcy and you get all their assets and the short contract is cancelled.
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Jan 25, 2021 22:31
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Fame Douglas posted:The raw price of a single stock isn't a relevant comparison metric between different companies that don't have the same amount of outstanding shares. it's relevant but not the whole story
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Jan 25, 2021 22:31
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Fellatio del Toro posted:has any rich rear end in a top hat ever tried to do this sort of thing unilaterally? what happens if like, back in june when GME is $4 someone with real money looked at the situation and just starts buying up all the shares themselves even at massively inflated prices and refused to sell until they controlled almost all of it? could you create a situation where the shorters who couldnt get out are obligated to pay literally any price you set? short answer: yes longer answer: yes and they'd probably try to kill you longer but less funny answer: someone is always going to be willing to sell to shorts so they'd be fine, naked shorts would get absolutely hosed and not be allowed to trade anymore the reason this doesn't happen regularly is everyone is naked shorts because that's where all the money is
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Jan 25, 2021 22:32
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Mutant Headcrab posted:Can someone give me a layman's explanation as to what's going on? I'm a bad maths man and economics makes my brain hurt, but it sounds like a bunch of internet weirdos are pumping otherwise low stocks skyward for the sole reason that they could? A bunch of institutional money is tied up in shorting dead/dying stocks. Some of these stocks have more shorts sold than actually existing shares. A group of The crowd is now weaponizing this against institutional traders through the trading equivalent of DDOS attacks onto heavily shorted and cheap stocks.
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Jan 25, 2021 22:33
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Mutant Headcrab posted:Can someone give me a layman's explanation as to what's going on? I'm a bad maths man and economics makes my brain hurt, but it sounds like a bunch of internet weirdos are pumping otherwise low stocks skyward for the sole reason that they could? there are a bunch of people stabbing gamestop to death in an alley and taking it's money other people are trying to stop them with some weapons they pulled off of gamestop's bleeding body the original people are now also being forced to get weapons from gamestop's bleeding body because gamestop didn't die soon enough
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Jan 25, 2021 22:34
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so what you're all saying is that the market is the most efficient way to determine value
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Jan 25, 2021 22:36
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SKULL.GIF posted:A bunch of institutional money is tied up in shorting dead/dying stocks. It's worth noting that the reason these stocks are dead/dying is because naked short sellers stabbed them to death in an alley. Gamestop is fundamentally fine, as fine as any retailer (so not great but not dead) and was in no way worth as little as the $4 it was trading at.
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Jan 25, 2021 22:37
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Stereotype posted:so what you're all saying is that the market is the most efficient way to determine value oh it absolutely is, for given values of efficient
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Jan 25, 2021 22:37
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someone tell me how to make money by doing nothing
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Jan 25, 2021 22:38
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Stereotype posted:someone tell me how to make money by doing nothing are you already rich? because you need to be already rich for that to be a viable strategy
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Jan 25, 2021 22:39
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Relevant Tangent posted:It's worth noting that the reason these stocks are dead/dying is because naked short sellers stabbed them to death in an alley. Gamestop is fundamentally fine, as fine as any retailer (so not great but not dead) and was in no way worth as little as the $4 it was trading at. i mean gamestop is absolutely fundamentally not fine, institutional investors are not wrong it's not long for the world. half the consoles this gen don't even come with a disk anymore (unless you pay extra) and everything is moving digitally. most people are buying consoles and games at best buy or target and was purely floated on used-market extraction. there's only so many funkopops you can sell in leiu of retail game distribution. it's been doing badly and closing up shops even pre-covid. but yeah it was the naked shorts that did the hedge fund in
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Jan 25, 2021 22:39
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they have a proven inability to switch to digital sales too, lol
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Jan 25, 2021 22:40
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SKULL.GIF posted:
is this class warfare
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Jan 25, 2021 22:40
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Stereotype posted:someone tell me how to make money by doing nothing have you considered pretending to be an e-girl and selling vials of your bath water?
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Jan 25, 2021 22:40
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