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2021 Trading Thread 2021 Trading Thread

01-29-2021 , 07:37 AM
Quote:
Originally Posted by lvr
you both start your logic chains from viewpoints neither of you can verify

you think nefarious things can never happen where as he thinks it always happens

neither of you can verify it so it's pointless to even argue this
Do you mean the float or do you mean nefarious actions by the brokerages?

nefarious things happen all the time.

But consider the probability of:
All the brokers getting together to collude to damage their business and piss off their customers, all for someone else's benefit

Vs

This is a counter party/ margin/ clearing issue


People are pissed and dumb and going for the narrative that suits them. It's not a conspiracy. Meme traders just don't understand how markets function.
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01-29-2021 , 07:44 AM
phantom,
Since you claim to understand the market, why is liquidity a problem when a tiny stock rips up from ultra ultra ultra tiny to just ultra tiny market cap? GME is a $20 billion market cap with the surge, which is a drop in the ocean in the markets.

The pot bubble was way bigger than this one (TLRY went to $30 billion along with lots of other names) but no one had liquidity fears and nothing was restricted. Why? Because well-connected hedge funds weren't caught short for billions, is why.
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01-29-2021 , 07:47 AM
Quote:
Originally Posted by Wittgenheiny
....

Like I said, this isn't about business, fundamentals, or bubbles anymore. I bought shares in GME today knowing I am going to lose money on them just so shorters and call writers can't buy them to cover. Millions of people are doing the exact same thing. Explain that with your equilibrium pricing models.
Bingo. There's this classic psychology experiment called the Ultimatum Game.

Person A gets to make an offer to split say $100 how ever they want with person B.

Person B can accept the offer which result in A and B getting the split per what A offered.

Person B can reject and both A and B gets nothing.

Rationally speaking,

If A offer 50 50 split. B snaps accept.
If A offers 100 to A and 0 to B, B snaps reject to screw A.
If A offers 99 to A and 1 to B, B rationally should accept since 1 is better than 0.

But you now already can guess what the answer is... The breaking point is around 70 30 split.

The 29 points difference between 30 and 1 for B is the Quantification of JUSTICE.

This is why the masses is buying GME.
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01-29-2021 , 07:51 AM
Interestingly, many mammals and birds have the same 70/30 split...when they play together, the stronger party needs to let the weaker party win 30% of the time for the weaker part to want to keep playing. The cutoffs that define fair play/justice is something deeply hardwired it seems.

Hilarious that low level rat/bird psychology defines human behavioral cutoffs
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01-29-2021 , 08:06 AM
Quote:
Originally Posted by ToothSayer
phantom,
Since you claim to understand the market, why is liquidity a problem when a tiny stock rips up from ultra ultra ultra tiny to just ultra tiny market cap? GME is a $20 billion market cap with the surge, which is a drop in the ocean in the markets.

The pot bubble was way bigger than this one (TLRY went to $30 billion along with lots of other names) but no one had liquidity fears and nothing was restricted. Why? Because well-connected hedge funds weren't caught short for billions, is why.
Who's applying the pressure to save these hedge funds?
The clearers?
The brokers?
The exchanges?
What was the option OI on TLRY?
How much did brokers lose on that one compared to GME?
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01-29-2021 , 08:15 AM
Quote:
Originally Posted by CheckCheckFold
Capitalism ****ed the masses for decades. Wall street ****ed everybody in 2008 and got bailed out, the masses literally was forced by a co-erced government to pay these rich ****ers to be rich again. People feel this in their guts.
Capitalism is being blamed for government interference. Nice
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01-29-2021 , 08:21 AM
Quote:
Originally Posted by ToothSayer
Pretty much. There's a video of a Chinese professor (the original scrubbed from Internet under bogus "copyright" claims, but summarized below) laughing at how China owns Wall Street (and Biden) and that Wall Street owns the politicians. He laughs about how since the 90s China has always been able to "fix" any problem with the US by pressing on the powerful people in the US they control through blackmail material and bribery (mostly in Wall Street) who then get the politicians to do what they (China) wants, and how Trump was the first they couldn't fix because he wasn't corrupt/wasn't part of this system.

So the Chinese certainly agree that what you say is true.


It's all a hugely corrupt system and Wall Street owns the politicians.

funny how even with videos like this people will stick their heads in the sand and act like the "establishment" doesn't exist lol
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01-29-2021 , 08:21 AM
Quote:
Originally Posted by DarkOne
Capitalism is being blamed for government interference. Nice
I'll spell out this common connection for you...

Pure Capitalism will Always leads to wealth inequity. It just a mathematical fact.

Wealth inequity creates a a powerful class of people who inevitably hijacks the government.

The government will continue to protect the wealthy and powerful class causing more inequity, until the pendulum hits its highest point. We are near that highest point now.

Where we are now was predicted by many people over 100 years ago. It is simply an inevitable result of Capitalism.

Watch this carefully and it may open up your eyes Neo. https://www.youtube.com/watch?v=ynbgMKclWWc
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01-29-2021 , 08:55 AM
Quote:
Originally Posted by SpursDynasty
I'm really hoping that this was an automated thing that happened. Else wtf. Google want to enrage the masses? Seems like a ****ing dumb decision to make for a few bucks.
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01-29-2021 , 09:04 AM
long GME, AMC, and waiting a bit here on SNDL.

**** these guys today
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01-29-2021 , 09:28 AM
Given AMC is 1/5th the size of GME and has a more retail friendly price of $12 vs $350 (current pre-market) couldn't it be more likely to attract a ton of soft retail money today and Monday before the shorts have to cover? I know the short % on it is only about 1/5th of GME as well but just seems like it would be the one to run up.
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01-29-2021 , 09:36 AM
watching NVAX
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01-29-2021 , 09:44 AM
wrote a SKT due diligence post for wallstreetbets that got some good traction and discussion:

https://www.reddit.com/r/wallstreetb...r_outlets_skt/
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01-29-2021 , 09:49 AM
Quote:
Originally Posted by Onlydo2days
Given AMC is 1/5th the size of GME and has a more retail friendly price of $12 vs $350 (current pre-market) couldn't it be more likely to attract a ton of soft retail money today and Monday before the shorts have to cover? I know the short % on it is only about 1/5th of GME as well but just seems like it would be the one to run up.
Could be. Along with a couple others, the meme stocks are basically Gamestop, BB, AMC, and Nokia.

GME has the major attention right now because the price has fluctuated so much. It's the white whale for the masses to say, "we got one! The little guy won!"

BB is less about the short squeeze with them and more about they think it's actually a decent long-term value.

AMC has similar short squeeze appeal, albeit it's long-term value isn't terrible (eventually, the virus will get under control and movie theaters will become a thing again because it seems as if the straight to streaming service and pay a premium to watch it at home has not fared well). AMC has hit $35 before and that's the target the r/wsb supposedly had for it.
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01-29-2021 , 10:10 AM
AMC has issued many more shares since that previous $35 price. Not a good reference point.
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01-29-2021 , 10:23 AM
Quote:
Originally Posted by candybar
Didn't watch the video but she isn't wrong that what happened on reddit (and beyond) is market manipulation. A large group of people buying stocks and encouraging others to do so specifically to create a short squeeze is quite clearly market manipulation, though one that is unusually transparent and distributed. The fact that the victims are unsympathetic, short-selling hedgies doesn't change this. Now it's possible that there was an attempt at some manipulation in the other direction after the fact, but Robinhood & Co have considerable cover because generally charges of market manipulation don't apply to actions that are designed to stabilize the market and move the prices towards their natural equilibrium. It's actions are taken to move prices away from the equilibrium that are considered legally problematic.

The euphoria and the narrative around how this is sticking to Wall Street are causing people to act quite irresponsibly. The point of the stock market isn't to punish bad people, but to price things appropriately as to facilitate decision-making with the broader economy. Securities being extremely mispriced is generally harmful and especially for retail investors.
Considering your post above I am just curious of your view of tech stock and specifically TSLA?

Many of them trade for years in a massive bubble where you cannot tie valuation to any reasonable metrics beyond 'faith' or 'hope'.

Do you think that the various trading houses, should shut down the ability to buy these stocks and allow Sales only, thereby driving down prices in an attempt to create market equilibrium and balance the market allowing all the Shorts to fill their positions?

There is certainly the same type of 'buyer collusion' to drive TSLA up and hold it there' based on them sharing and circulating loose and often untethered talking point by Elon, as if substantive.

Do you see an issue with individual trading houses making these calls on where and when Buyers are allowed to make 'faith' based bets?


(and I am not trying to make a TSLA point specifically here fwiw. There are tons of historic examples I could use, which is kind of the point)
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01-29-2021 , 10:25 AM
Any thoughts on the Silver short squeeze potential?
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01-29-2021 , 10:34 AM
aaand it's halted
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01-29-2021 , 10:49 AM
trading is back on...not much movement though

not sure how much RH and other apps are restricting trading...I bought a little AMC at $14 so we'll see what happens.
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01-29-2021 , 11:02 AM
my broker was so messed up, I could hardly trade. Took profits on AMC and GME and lost 2 cents a share on SNDL.

Have orders to buy lower. But man my platform was too buggered to keep real money out there. Never seen it like that.
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01-29-2021 , 11:08 AM
I wish three flight was here for all of this. I wonder if he is buying these big board stocks. On other note still holding CCIV, not sure what's going on today but hoping this merger news is settled soon.

Last edited by snowie963; 01-29-2021 at 11:17 AM.
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01-29-2021 , 11:25 AM
everything seems pretty dead, not the wall st day of reckoning that had been predicted
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01-29-2021 , 11:30 AM
WSB apparently hacked coinmarketcap.com and put "WallStreetBets" first on the list of cryptos, price $483 up 134% 24 hours.
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01-29-2021 , 11:31 AM
Quote:
Originally Posted by Shuffle
How it started




How it ended


Tooth you have a blind spot when it comes to Trump. The guy caved every time the stock market dropped a few percent, got bribed with promises of soybeans (that were never delivered) and had Mnuchin and Clayton running the most corrupt Wall St. friendly Treasury and SEC in U.S. history.
I'm merely reporting what the well-connected Chinese professor claimed about corruption in the US and how they can control Wall Street who controls politicians. Perhaps the Chinese professor has a blind spot? The Trump comment is notable because they claimed to have controlled the political process (via Wall Street) since 1992 in the US - he's the first they couldn't, which is not about Trump but is an astounding comment about how widespread the corruption is. Against it's not about Trump, it's about the level of corruption across all of Wall Street in controlling politicians. You have a Trump-trigger blind spot or you'd understand the thrust of the comments and not go into a fainting spell.
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