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? This poll is closed. |
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| Yes |
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62 | 44.93% |
| No |
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76 | 55.07% |
| Total: | 138 votes | ||
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https://twitter.com/MyPillowUSA/status/1354181314157527041
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Jan 26, 2021 23:08
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| # ? Jun 7, 2024 09:21 |
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Hot Karl Marx posted:why does he have to ruin everything libertarians gonna libertarian
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Jan 26, 2021 23:08
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Gonna scream about being cancelled on one of the largest Right Wing International News channels with global coverage.
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Jan 26, 2021 23:19
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Can someone explain to me (preferably with crayons) this Game stop nonsense? You all are saying words I know, but not in that order.
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Jan 26, 2021 23:31
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Got a RH account. Now waiting for my account to verify. God first time exposure to stocks.
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Jan 26, 2021 23:33
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something something reddit hype a stock to prove some bullshit and more  ectits buttcoin, kind of
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Jan 26, 2021 23:33
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bulletsponge13 posted:Can someone explain to me (preferably with crayons) this Game stop nonsense? You all are saying words I know, but not in that order.
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Jan 26, 2021 23:33
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Hedge funds and individuals short sell gamestop shares, thinking it will go down. Meme stonk buyers buy up all available shares so short sellers can't buy them to close their positions. Price goes up because now short sellers have to wait until meme stonkers want to sell, which drives the price higher if every idiot redditor hodls like its bitcoins. And something about gamestop stock being 130% shorted. More than actually exist.
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Jan 26, 2021 23:36
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We're also now into the time when everyone should be dumping and people that don't are going to get hosed. https://twitter.com/EricBalchunas/status/1354187341582233611 Flashbacks to bitcoin - lots of people now buying high instead of selling high, though loving over the short-sellers might be its own justification in itself.
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Jan 26, 2021 23:36
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bulletsponge13 posted:Can someone explain to me (preferably with crayons) this Game stop nonsense? You all are saying words I know, but not in that order. hedge fund had massive bet against gamestop because the company is circling the drain. hedge fund jackass is loud about it and how big his position is. some reddit people take offense and decide to gently caress with him for the lols. because the hedge fund dude was overexposed and with knowledge of the way algorithms will react to certain purchases, they were able to gently caress the hedge fund. the hedge funds bet gets called and that causes the stock to shoot up higher. today they're buying the stock and using options to pump the price to help out the people who bought in yesterday to make money.
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Jan 26, 2021 23:36
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I think I saw in the doomsday econ thread that another hedge fund will go down in the morning if the price keeps up. Google says after hours is about 218, closed at 148 less than two hours ago. So yeah, hedge fund going down. E: holy poo poo that's a lot of new posts in the doomsday econ thread.
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Jan 26, 2021 23:39
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AMC is up over $2 from where I bought. I'll laugh if it gets to a point where I wish I would have dumped a grand into it instead of $200. My robinhood account verified instantly. I wonder if this has anything to do with the amount of money in my checking account when I linked it?
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Jan 26, 2021 23:44
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just lol if you're opening up a Robinhood account right now
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Jan 26, 2021 23:46
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Gains and losses only exist when the trade is finalized.
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Jan 26, 2021 23:47
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lightpole posted:Gains and losses only exist when the trade is finalized. And generally the time to get in is at the very start of the meme, then sell around the time Elon Musk tweets about it. Everyone thinks they know what "Buy Low, Sell High" means, but they usually end up doing the reverse.
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Jan 26, 2021 23:50
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Be sure to post the results in the idiot thread when you folks are done
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Jan 26, 2021 23:52
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facialimpediment posted:And generally the time to get in is at the very start of the meme, then sell around the time Elon Musk tweets about it. That's why I decided to invest in pumpkin futures. Last I checked in October those babies were riding high, and I figure they'll begin peaking right around January.
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Jan 26, 2021 23:55
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Mr. Nice! posted:hedge fund had massive bet against gamestop because the company is circling the drain. hedge fund jackass is loud about it and how big his position is. some reddit people take offense and decide to gently caress with him for the lols. Thanks for explanation. So kinda like the end of Trading Places where the hedge fund is the Duke bros? Acebuckeye13 posted:That's why I decided to invest in pumpkin futures. Last I checked in October those babies were riding high, and I figure they'll begin peaking right around January. Hope you only need one of your livers
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Jan 26, 2021 23:56
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Acebuckeye13 posted:That's why I decided to invest in pumpkin futures. Last I checked in October those babies were riding high, and I figure they'll begin peaking right around January. THIS GUY GETS IT
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Jan 26, 2021 23:58
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facialimpediment posted:And generally the time to get in is at the very start of the meme, then sell around the time Elon Musk tweets about it. The hedge funds are getting capital from other billionaires and are probably doubling down on their position at the current price if they can. Their losses are on paper and if they can hold they are in a really strong position. I have doubts that reddit can sustain the price long enough to force them out.
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Jan 27, 2021 00:00
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fknlo posted:AMC is up over $2 from where I bought. I'll laugh if it gets to a point where I wish I would have dumped a grand into it instead of $200. So you understand that it's going to go back down when this silliness is over, right? And you only realize the gains if you sell, and you'll be subject to short term capital gains rate?
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Jan 27, 2021 00:02
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Solid financial advice: Instead of RH accounts, you all should open ignition or ACR accounts and play poker or something. You will probably have more fun in the long run, and probably the exact same results at the end.
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Jan 27, 2021 00:06
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RH deleted. Got spooked out of it already haha.
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Jan 27, 2021 00:08
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ACR either had or still has serious issues with bots at the tables so this being the RH of poker tracks.
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Jan 27, 2021 00:08
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Edgar posted:RH deleted. Got spooked out of it already haha. Congratulations, you made the only winning move. Now watch a lot of people not do that.
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Jan 27, 2021 00:11
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Not touching that poop, but I've been meaning to play with stocks for a while. I guess that's technically touching the poop, since its all poop. But yeah, never going to invest a significant amount in it.
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Jan 27, 2021 00:15
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I deleted the app when they didn't give me a free stock for downloading it. gently caress giving those idiots my bank info.
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Jan 27, 2021 00:16
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Hot Karl Marx posted:why does he have to ruin everything It's his nature, he can't help himself.
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Jan 27, 2021 00:17
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Stultus Maximus posted:So you understand that it's going to go back down when this silliness is over, right? And you only realize the gains if you sell, and you'll be subject to short term capital gains rate? Yes. If it doesn't go up or whatever it was only $200. I just picked up a PS5 that I got even though I wasn't really trying to get one. I've done way dumber poo poo with money.
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Jan 27, 2021 00:30
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theyre threatening to just start doing this to a bunch of companies to gently caress over hedge fund places
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Jan 27, 2021 00:31
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CRUSTY MINGE posted:Hedge funds and individuals short sell gamestop shares, thinking it will go down. Meme stonk buyers buy up all available shares so short sellers can't buy them to close their positions. Price goes up because now short sellers have to wait until meme stonkers want to sell, which drives the price higher if every idiot redditor hodls like its bitcoins. The other part of this is when you short a stonk, you are borrowing the shares from someone who already has them, selling them, and planning to buy them back later and return them. You have to return the same number of sales, so ideally you sell high, buy low, and pocket the difference. You put up collateral as part of the deal. The worse your position gets under scenario, the more collateral you have to put up. Eventually holding the trade becomes too expensive and you need to buy the stock and return it to close the trade. When a lot of people need to do this at once, demand vastly outstrips supply. The price spikes and even more shorts find themselves too far underwater. It becomes a vicious cycle called a "short squeeze." This gets more complicated when you use derivatives to construct a "synthetic short" but that also opens up even cleverer ways to gently caress yourself.
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Jan 27, 2021 00:33
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Discussion Quorum posted:The other part of this is when you short a stonk, you are borrowing the shares from someone who already has them, selling them, and planning to buy them back later and return them. You have to return the same number of sales, so ideally you sell high, buy low, and pocket the difference. You put up collateral as part of the deal. Eons (months) ago someone pointed out in the doomsday thread in C-SPAM that shorts have a hard limit on your gain (ie, stock going to 0) but do not have the same hard limit on a loss. If it's at 20 and you think it will drop to $5, you gain $15/share, but if it jumps to $100 or $200 for some strange reason, your loss is substantially higher than even the most you could have ever gained under any outcome.
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Jan 27, 2021 00:40
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I've blown up my predictit account enough times in the last year to just sit here with some popcorn this time but yall should definitely get in early on the other stocks that might be vulnerable to this like AMC, Tootsie Roll, and Faygo. shame on an IGA fucked around with this message at 00:44 on Jan 27, 2021 |
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Jan 27, 2021 00:41
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If you buy a stock, the most you lose is whatever you put in if the stock crashes to $0 or otherwise goes away. If you short, you lose whatever the difference is between "what you started at" and "when your short ends", which can be really bad. If you buy a stock at $10: - Stock goes down to $5: Your $10 is now worth $5. - Stock goes up to $20: Your $10 is now worth $20. - Stock goes up to $200: Your $10 is now worth $200. If you short a stock at $10: - Stock goes down to $5: You made $5. - Stock goes up to $20: You now owe $10. - Stock goes up to $200 because of some memelords on Reddit: You now owe $190. Now multiply this times a few hundreds or thousands.
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Jan 27, 2021 00:43
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Someone needs to edit Casino Royale so Bond is trying to stop the terrorist from blowing up a gamestop plane carrying a ps5 shipment.
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Jan 27, 2021 00:47
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As Nero Danced posted:Someone needs to edit Casino Royale so Bond is trying to stop the terrorist from blowing up a gamestop plane carrying a ps5 shipment. Explains why I can't get a PS5 for my wife
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Jan 27, 2021 00:49
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Jan 27, 2021 00:57
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Mr. Nice! posted:hedge fund had massive bet against gamestop because the company is circling the drain. hedge fund jackass is loud about it and how big his position is. some reddit people take offense and decide to gently caress with him for the lols. I have no idea how options work and I think I'm better off that way.
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Jan 27, 2021 01:03
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https://twitter.com/parlertakes/status/1354217369179222017?s=20 "You don't want to sue me, I'm crazy I tell yah!"
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Jan 27, 2021 01:03
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| # ? Jun 7, 2024 09:21 |
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https://twitter.com/jowens510/status/1354196558657425409
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Jan 27, 2021 01:10
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