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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. Maybe don't short a stock that already has 140% of the float shorted next time
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Jan 26, 2021 00:33
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I knew Biden was bringing the 90s back but I didn't think it would be this fast. Time to buy Yahoo?
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Jan 26, 2021 00:33
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. lol
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Jan 26, 2021 00:35
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prom candy posted:I knew Biden was bringing the 90s back but I didn't think it would be this fast. Time to buy Yahoo? It's only Monday! Go where the wind takes you!
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Jan 26, 2021 00:35
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. Sir this is a casino
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Jan 26, 2021 00:37
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Jan 26, 2021 00:41
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. Retail gets hosed on the reg by institutions, so it's hard to feel bad when it goes the other direction.
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Jan 26, 2021 00:43
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prom candy posted:I knew Biden was bringing the 90s back but I didn't think it would be this fast. Time to buy Yahoo? nokia apparently
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Jan 26, 2021 00:47
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^ and owned
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Jan 26, 2021 00:47
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Does shorting $25k of XYZ mean at the most you lost $25k, or does it mean something much darker?
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Jan 26, 2021 00:49
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Inner Light posted:Does shorting $25k of XYZ mean at the most you lost $25k, or does it mean something much darker? shorting carries infinite risk unless hedged
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Jan 26, 2021 00:51
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. 
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Jan 26, 2021 00:51
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BlackMK4 posted:^ and owned ? Obviously I was being a bit glib, it was shorted for other reasons, but the action on GME makes it a bit interesting. Turns out it was a good short for a lovely day trade. Inner Light posted:Does shorting $25k of XYZ mean at the most you lost $25k, or does it mean something much darker? Just means about 250 shares at $97/each.
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Jan 26, 2021 00:51
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mik posted:? Obviously I was being a bit glib, it was shorted for other reasons, but the action on GME makes it a bit interesting. Turns out it was a good short for a lovely day trade. If you held to EoD you should have come out ahead then! drat that's weird after watching it the entire day what a ride!
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Jan 26, 2021 00:53
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. Since the full float was already well shorted, aren't you admitting to knowingly taking out a naked short position which is incredibly illegal? And you come here expecting sympathy? 
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Jan 26, 2021 00:54
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. lol "to see what would happen" You wanted to make money, not run an experiment Eat your fuckin vegetables
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Jan 26, 2021 00:59
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I’m pretty drat new to this poo poo. How is the whole r/wallstreetbets thing with GME any different from a pump and dump? Every time I go in there and see a new stock being announced for a rocket trip to the moon, I feel like I’m looking at a pyramid scheme.
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Jan 26, 2021 00:59
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Amy Pole Her posted:Is that the account with loving in the name? Dude just bought like 4mm more @ 78. He's going all gently caress in which is absolutely nuts to me. Its kinda wild witnessing it in real time, and I wont lie - I had about $500 or so in etrade I jumped in @ $68. Im already sitting nicely from BB, I know a guy who is an executive @ Chewy in FTL and he absolutely raves about the guy who went to Gamestop... and this is funny money at this point anyway so why not. BUT, DFV did hold 50,000 shares all the way up to 150 and back down to 75. If that's not commitment I dunno what is
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Jan 26, 2021 01:01
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100 degrees Calcium posted:I’m pretty drat new to this poo poo. How is the whole r/wallstreetbets thing with GME any different from a pump and dump? Every time I go in there and see a new stock being announced for a rocket trip to the moon, I feel like I’m looking at a pyramid scheme. A pump and dump is when you buy up shares, then yell at a large audience "this poo poo's gonna go to the moon!" When the audience starts buying, the price goes up, and you pick a point to sell your shares. The selling is the dump. The GME buyers aren't individual or a small coordinated group of actors, it's group mania, and a lot of em are holding on principle instead of selling for profit
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Jan 26, 2021 01:02
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Nm
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Jan 26, 2021 01:02
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Not a Children posted:lol "to see what would happen" In the sense that we had a short signal on the stock in our portfolio model, we discussed it because of the squeeze action, and decided it was worth the risk. Selling at 97.56 and buying at 76.79 was worth the risk ultimately. Rime posted:Since the full float was already well shorted, aren't you admitting to knowingly taking out a naked short position which is incredibly illegal? No, we can locate most equities to borrow and short through our broker. They may have actually internalized it with someone else in the firm with a long position. But generally we don't know for sure.
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Jan 26, 2021 01:03
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Amy Pole Her posted:Is that the account with loving in the name? Dude just bought like 4mm more @ 78. He's going all gently caress in which is absolutely nuts to me. Where did you see/hear that? Based on his reddit posts his last activity was just sharing that he's still holding shares from before this brouhaha.
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Jan 26, 2021 01:03
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Not a Children posted:A pump and dump is when you buy up shares, then yell at a large audience "this poo poo's gonna go to the moon!" When the audience starts buying, the price goes up, and you pick a point to sell your shares. The selling is the dump. Aha got it, that makes a lot of sense. Thank you.
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Jan 26, 2021 01:03
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The bad part of a pump and dump is when you're actively lying about why you think the stock deserves to go up, thereby causing it to go up ONLY by tricking a bunch of rubes. In this situation people have been making the case for the GME short squeeze for like a year, and it's finally coming time to see how it hashes out. There may be fallout if enough big money people can make the case that it's purely "predatory" speculation or something like that but there is absolutely value in short sellers getting hosed. EDIT: And I definitely think a lot of the other hot meme stocks on WSB are being pumped in stupid ways. A lot of people are probably not doing any fraud and are just blindly optimistic, but they're looking at the GME situation and just imagining it's the new normal somehow which is just bonkers. Martman fucked around with this message at 01:08 on Jan 26, 2021 |
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Jan 26, 2021 01:05
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Chimp_On_Stilts posted:How long does a stoploss generally take to trigger & fill? It happens unfortunately. You roll the dice and take your chances. Plus, you can get stop loss raided and watch in horror as the price bounces right back up. This is why I typically set multiple price alerts and watch my babies closely.
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Jan 26, 2021 01:20
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Baddog posted:This isn't as weird as wallstreetbets meme stocks, but "Tootsie Roll Indistries" (TR), popped up on my screen today. Up 15% on no news. More than 5x normal volume. gently caress it, I’m as dumb as this market! Buying some tootsie rolls tomorrow.
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Jan 26, 2021 01:20
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ephori posted:Guy I know decided Friday of all days was the day to YOLO shorting GME. He lost $150k today and blew up his account. Oof. 
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Jan 26, 2021 01:20
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movax posted:I've lost track of all the SPACs I've thrown in on besides my rule of not spending over $11 — BTAQ is the Israeli start-up targeting one, right? Or just defense? Or both? I think the internet wants it to be eToro or Ree but there's like 20 good Israeli companies primed to go public atm.
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Jan 26, 2021 01:21
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Martman posted:EDIT: And I definitely think a lot of the other hot meme stocks on WSB are being pumped in stupid ways. A lot of people are probably not doing any fraud and are just blindly optimistic, but they're looking at the GME situation and just imagining it's the new normal somehow which is just bonkers. That's kind of what I was getting at, which is some incredulity at where these squeezes are coming from - ostensibly from reddit and robinhood - and how quickly information travels to the wealth of investors ready with the click of a button on their phones to buy in.
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Jan 26, 2021 01:27
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. lol
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Jan 26, 2021 01:42
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I checked out deepfuckingvalue's youtube stream last week and it's pretty obvious he's lying about whatever value he sees in the company to maintain credibility while letting reddit hype he created make him a millionaire. His viewers constantly ask him What number are you waiting on? and he replies poo poo like I haven't thought of a number I just believe in Cohen while holding back laughter. He barely acknowledges the squeeze. Wish I was in his shoes lmao
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Jan 26, 2021 01:42
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mik posted:We I manage a small private investment fund/hedge fund shorted about $25K of GME on the open today to see what would happen across the course of the day, gently caress the WSB/Robinhood buyers. pwned
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Jan 26, 2021 01:42
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drat dude tell me what kinda fees you charge while I find my checkbook
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Jan 26, 2021 01:45
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im pissed that my BB has only doubled in a week. pathetic gains tbh. i expect my stocks to at least quadruple.
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Jan 26, 2021 01:46
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other positions: AMC, PBI, AMPE, NOK, palantir, ford, fastly, telos. all shares. i want to put some stuff into options because i want to retire ASAP i want freedom i want it all baby but also im trying to recognize that we are at insane levels of mania right now. so realistically ill watch my stocks carefully throughout this week and maybe close out a lot of my stock positions at the end....idk. its insane how many of my picks that i just picked based off WSB have more than doubled. cool market!
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Jan 26, 2021 01:51
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Platystemon posted:The Intel hack
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Jan 26, 2021 01:52
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Fun Times! posted:I checked out deepfuckingvalue's youtube stream last week and it's pretty obvious he's lying about whatever value he sees in the company to maintain credibility while letting reddit hype he created make him a millionaire. His viewers constantly ask him What number are you waiting on? and he replies poo poo like I haven't thought of a number I just believe in Cohen while holding back laughter. He barely acknowledges the squeeze. Came here to post this exactly. It's 7 loving hours on inane rambling saying sometimes stocks go up, sometimes they go down, and sometimes they even stay the same. He's either got some insider connection he isn't divulging, is doing something illegal, is brilliant, is insane, or all of the above.
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Jan 26, 2021 02:03
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Tell me about the Gamestop thing as if I dont know anything about stocks I dont know anything about stocks
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Jan 26, 2021 02:06
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What was up with that after hours one minute candle from ~$80 - 160 on GME?
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Jan 26, 2021 02:09
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Lol his streams now are just hours of a dude riding the high of being proven right and becoming a multimillionaire, he's literally just chatting and not trying to explain anything. Watch his older videos and he seems pretty clear to me? He's been predicting the short squeeze for months but even if you're right about that it's hard to pick a number. Martman fucked around with this message at 02:20 on Jan 26, 2021 |
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Jan 26, 2021 02:13
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