|
Some little guys will make bank, lots of hedge funds will make bank, a handful of hedge funds will lose a lot of money, lots of little guys will lose a lot of money. Those that lose a lot will get a ton of press about it, those that make bank won't. Like if we we can get a financial transaction tax out of this that would be rad, but I doubt it. Ultimately this is the dumbest version of gambling I've seen and I really hope nobody I knows is involved.
|
#
?
Jan 29, 2021 04:59
|
|
|
|
| # ? May 28, 2024 07:55 |
|
|
Shimrra Jamaane posted:Yeah this is a good article on why this whole phenomenon isn’t exactly David vs Goliath. Yeah that's some good poo poo there, although it leaves some big questions unanswered, like: if Citadel (supposedly) stopped the worst frontrunning practices after it and RH paid fines, what is it currently doing with the order book, to make money? Is it really just bundling odd lots of share and option transactions into even chunks as a service to RH, or what? It's funny (not in an amusing but in an ugly way) that the main beneficiary of this week's action is probably going to turn out to be... Citadel, as they used Melvin's misfortune to take advantage of them and buy in with I assume a controlling stake. Meanwhile, when the memestonks inevitably peter out, the bagholders are going to be mostly the retailers who got in late or listened to the other retailers and HODLed their way back to or below their buy-ins.
|
|
#
?
Jan 29, 2021 05:01
|
|
|
Hot Diggity! posted:Some little guys will make bank, lots of hedge funds will make bank, a handful of hedge funds will lose a lot of money, lots of little guys will lose a lot of money. Those that lose a lot will get a ton of press about it, those that make bank won't. I put money into it because I went lol buttcoin and now I believe in the power of nerds
|
|
#
?
Jan 29, 2021 05:01
|
|
|
wall street hires the best and brightest nerds from all the good unis and bends them to their ultimate goal of enriching rich people
|
|
#
?
Jan 29, 2021 05:03
|
|
|
Please dont ironically start joining ponzi schemes, thread
|
|
#
?
Jan 29, 2021 05:03
|
|
|
Skwirl posted:4-8 hours standing waist high in a pool? there's gotta be health issues associated with that. Maybe they’ll give me a floaty I can relax in between customers. I’m just tired of being stuck inside and would kill to get some pool time.
|
|
#
?
Jan 29, 2021 05:05
|
|
|
The Glumslinger posted:Please dont ironically start joining ponzi schemes, thread I cashed out the little bit left in my stash app and moved it to memestocks and doge because this was more fun and the volume I was doing on stash wasn't going to impact my future. Don't stock what you can't lose and whatnot
|
|
#
?
Jan 29, 2021 05:05
|
|
|
Skwirl posted:Bartending at a swim up bar has to be weird. Are they waist high in water the entire time or is there like a barricade so they're mostly dry? Adorable!
|
|
#
?
Jan 29, 2021 05:06
|
|
|
Spoeank posted:I put money into it because I went lol buttcoin and now I believe in the power of nerds If you're in the black I'd personally say get out now. This will only get dumber.
|
|
#
?
Jan 29, 2021 05:07
|
|
|
Leperflesh posted:wall street hires the best and brightest nerds from all the good unis and bends them to their ultimate goal of enriching rich people I've heard this before (it came up in the AOC twitch, not from her, but from one of her guests, and I've heard it elsewhere in the past), but I sorta question that it's the literal best and brightest. Like, while I think the monetary incentives provided by Wallstreet for not properly addressing the COVID situation is a huge part of why we still aren't properly addressing it, I don't think we'd have got the vaccine any quicker if only fewer people were writing algorithms for Citadel.
|
|
#
?
Jan 29, 2021 05:11
|
|
|
Braksgirl posted:I've stayed a couple of times at the Margaritaville resort in Biloxi and it's super nice and fun. It's a family type place with a cool little waterpark and a swim up bar. It's pricey, but it's nice and it really doesn't skew very old. It has very little to do with Jimmy Buffet, it just has a beachy feel. See, I’m the weirdo who blasted his parent’s vinyl Buffet records in high school, I could absolutely see myself ending up a burnout in some backwoods Caribbean dive with nothing to live for but some idiot jingle, that’s my Parrothead vision. This new commercialized thing just doesn’t resonate, and I’m a fat aging white dude!
|
|
#
?
Jan 29, 2021 05:11
|
|
|
Freaquency posted:This post is absolutely delightful Braksgirl posted:Adorable! You're both on the "first against the wall" list.
|
|
#
?
Jan 29, 2021 05:12
|
|
|
Thaddius the Large posted:See, I’m the weirdo who blasted his parent’s vinyl Buffet records in high school, I could absolutely see myself ending up a burnout in some backwoods Caribbean dive with nothing to live for but some idiot jingle, that’s my Parrothead vision. This new commercialized thing just doesn’t resonate, and I’m a fat aging white dude! They have those, just not branded. BYO Buffet LPs tho.
|
|
#
?
Jan 29, 2021 05:13
|
|
|
Hot Diggity! posted:If you're in the black I'd personally say get out now. This will only get dumber. I WILL NOT
|
|
#
?
Jan 29, 2021 05:13
|
|
|
Scared money don’t make no money
|
|
#
?
Jan 29, 2021 05:16
|
|
|
Thaddius the Large posted:See, I’m the weirdo who blasted his parent’s vinyl Buffet records in high school, I could absolutely see myself ending up a burnout in some backwoods Caribbean dive with nothing to live for but some idiot jingle, that’s my Parrothead vision. This new commercialized thing just doesn’t resonate, and I’m a fat aging white dude! I too wanna be Moondog.
|
|
#
?
Jan 29, 2021 05:24
|
|
|
Skwirl posted:I've heard this before (it came up in the AOC twitch, not from her, but from one of her guests, and I've heard it elsewhere in the past), but I sorta question that it's the literal best and brightest. Like, while I think the monetary incentives provided by Wallstreet for not properly addressing the COVID situation is a huge part of why we still aren't properly addressing it, I don't think we'd have got the vaccine any quicker if only fewer people were writing algorithms for Citadel. Yeah human brainpower is not a universally fungible commodity that's for sure. I was just making a joke at spoeank about nerd tropes. But also it would be kinda great if engineering grads with $300k of loans were not facing choices of either a $200k job on wall street, A $150k job in silicon valley, a $50k job in the public sector, or a $22k a year (after a six month unpaid internship) to work for an NGO trying to get clean drinking water to people in third world countries like gambia or haiti or Flint, Michigan.
|
|
#
?
Jan 29, 2021 05:25
|
|
|
Anybody seen The Spanish Prisoner, Mamet film with Campbell Scott, Ricky Jay and Steve Martin. I just thought of it because the plot revolves around Campbell Scott and Ricky Jay having developed an algorithm for some Wall Street firm and then feeling like they're being screwed out of the profits from said algorithm.
|
|
#
?
Jan 29, 2021 05:28
|
|
|
Yes, I love that movie. I need to watch it again.
|
|
#
?
Jan 29, 2021 05:31
|
|
|
Leperflesh posted:But also it would be kinda great if engineering grads with $300k of loans were not facing choices of either a $200k job on wall street Is this like an actual career path? I feel like I know so little about wall street that studying mechanical engineering might actually be the way to get a cushy job moving money around if you've got connections. Or do you just mean they have the choice to work for the most soulless people in the world?
|
|
#
?
Jan 29, 2021 05:32
|
|
|
Grittybeard posted:Is this like an actual career path? I feel like I know so little about wall street that studying mechanical engineering might actually be the way to get a cushy job moving money around if you've got connections. Yeah, if you get a mathematics degree and have no soul, the world is your oyster (not like NASA's hiring!) Anyway, here's a thread about how much Hans Christian Anderson jerked his hog https://twitter.com/WhoresofYore/status/1290726187380158465 quote:Andersen may never have had sex, but he masturbated a lot, and whenever he did he recorded it in his diary with a ++. He was very frank in his diary about how much he masturbated and some entries just read “penis tender,” “penis hurts,” “penis sick,” “penis very bad.”
|
|
#
?
Jan 29, 2021 05:42
|
|
|
The Glumslinger posted:Please dont ironically start joining ponzi schemes, thread I already bought a Something Awful Forums account though 
|
|
#
?
Jan 29, 2021 05:51
|
|
|
Andersen seems like the type who would have at least gotten the occasional pity gently caress.
|
|
#
?
Jan 29, 2021 05:54
|
|
|
Its Rinaldo posted:I already bought a Something Awful Forums account though Ponzi schemes are where you think you'll make money on a stupid investment, I know all of us are a little dumb, but surely you weren't dumb enough to think this forum would get you a profit.
|
|
#
?
Jan 29, 2021 05:56
|
|
|
I thought I could turn one in SA Mart, but then all of the rare Goku’s i preordered sank 
|
|
#
?
Jan 29, 2021 05:59
|
|
|
Skwirl posted:Ponzi schemes are where you think you'll make money on a stupid investment, I know all of us are a little dumb, but surely you weren't dumb enough to think this forum would get you a profit. My soul is rich now from goonery
|
|
#
?
Jan 29, 2021 06:03
|
|
|
Freaquency posted:I thought I could turn one in SA Mart, but then all of the rare Goku’s i preordered sank Now I feel a little bad for shorting Goku futures. Blew it all by going long on Zybourne Clock though.
|
|
#
?
Jan 29, 2021 06:04
|
|
|
Its Rinaldo posted:Where's D Link I think he owes me an apology on how sound stock market investing is over real estate Would you like to buy some property with your casino winnings, sir? I know a design/build firm
|
|
#
?
Jan 29, 2021 06:16
|
|
|
They put the Sandy Hook and Parkland denier on the loving Education Committee. https://twitter.com/KlasfeldReports/status/1354935972945948673?s=20
|
|
#
?
Jan 29, 2021 06:20
|
|
|
Guess its that time of the year for constant 25mph winds and negative temps 
|
|
#
?
Jan 29, 2021 06:24
|
|
|
Spoeank posted:I put money into it because I went lol buttcoin and now I believe in the power of nerds Yeah very much of the mind that self righteous internet dorks with a half baked scheme to somehow change the world will brute force useless garbage to be worth something now. I mean I'm not spending more than a hundred dollars on it but it'd be neat to maybe make enough to buy a video game.
|
|
#
?
Jan 29, 2021 06:26
|
|
|
Skwirl posted:They put the Sandy Hook and Parkland denier on the loving Education Committee. MTG is going to be a problem for awhile if they don't unseat her because she's completely shameless and has a new contingent of pathetically thirsty cultists just waiting to be fed her inane bullshit. Never underestimate thirst as a mode of popularity. Tulsi has remained a national figure for far too long because Michael Tracey and a bunch of libertarian numbskulls want to gently caress her.
|
|
#
?
Jan 29, 2021 06:27
|
|
|
Hot Diggity! posted:Ultimately this is the dumbest version of gambling I've seen and I really hope nobody I knows is involved. The main thing about proprietary trading firms is that they have exactly zero clients; their profits are entirely dependent on what they earn from trading on the exhcanges. The reason it's called "proprietary" is because they use their own custom algorithms to execute trades.
|
|
#
?
Jan 29, 2021 07:03
|
|
|
Also should I make fun of people for thinking that bartenders are waist-deep in water at a swim-up bar 
|
|
#
?
Jan 29, 2021 07:05
|
|
|
Nick Jr. Face posted:Also should I make fun of people for thinking that bartenders are waist-deep in water at a swim-up bar Wall.
|
|
#
?
Jan 29, 2021 07:09
|
|
|
Skwirl posted:Wall. The fact that he worked at a proprietary trading firm gets him up there with us, the pool thing is just icing on the cake.
|
|
#
?
Jan 29, 2021 07:25
|
|
|
Multiple people shaming me because I've never been to a resort with a swim up bar was kinda a lot to take tonight.
|
|
#
?
Jan 29, 2021 07:30
|
|
|
Following those nerds advice and logic for the last week has done me pretty well, so I’m happy with my decision to leave 80% of my shares intact. Hold hold hold. It’s me and the house husband clinging champagne glasses on a private jet, suckers! (I seriously can’t believe there are folks who have MILLIONS at stake who are still holding holy HELL) Amy Pole Her fucked around with this message at 07:33 on Jan 29, 2021 |
|
#
?
Jan 29, 2021 07:30
|
|
|
Skwirl posted:Multiple people shaming me because I've never been to a resort with a swim up bar was kinda a lot to take tonight. I actually haven’t either, but when I close out my position in dogecoin at 6 cents a share I have several picked out. Stonks!
|
|
#
?
Jan 29, 2021 07:36
|
|
|
|
| # ? May 28, 2024 07:55 |
|
|
I guess I'm going to play Breath of the Wild if this game sucks I blame the chat thread
|
|
#
?
Jan 29, 2021 07:45
|
|