Garpal Gumnut
Ross Island Hotel
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I must admit I quite enjoyed this tricimation of Melvin.
I would not have had the gut, wit nor agility to get in a few days ago on GME NYSE.
Congratulations to any ASF members who caught the wave.
gg
I would not have had the gut, wit nor agility to get in a few days ago on GME NYSE.
Congratulations to any ASF members who caught the wave.
gg
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Absolutely.
And The Pope is Catholic, Bears and woods and so on.I suggest that the big money in the stock market is in fact creating,grooming, promoting, the next plausible Ponzi scheme. Whether it's a Graphite boom, Lithium boom, Rare earths, Nickel, IT , Dot Com or the creative short sellers everyone is looking for a quick buck. And frankly few people have scruples about being involved as long as they think they will get in and out with dollar. Any analysis of the scores of small cap shares makes this clear.
Game Stop began as a short sell scheme constructed by the Hedge funds. It got turned against the funds when millions of small investors decided to actually buy the stock plus options and create a short squeeze on the funds.
Clearly the SP has no relation to the underlying value of the stock. In that sense plausible denial has been shredded. The reality is far more acute. Those people who sold millions of shares they borrowed to force the SP down were forced into a position having to pay ruinous amounts to redeem their position.
So the Bank, because it was on the losing side of the bet, decided to close the game. The process failed because it was too successful.
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You reckon this was big bang stock rise. Weeeelllll you just wait and watch my pick in the February Competition. 
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Just for fun. A realistic summary of Gamestop.
The stock market has flown into a panic after some less experienced people managed to make it work for them.
A Reddit group of relatively inexperienced traders bought huge amounts of shares in a failing company, GameStop, in order to get one over on a multi-billion dollar hedge fund who were betting on the company to fail.
The move took the company share prices from $20 to over $300, and has nearly bankrupted said hedge fund after they lost billions with their gamble.
“This is technically legal and, more straightforwardly, just incredibly funny,” confirmed journalist, Hayley Rice.
“Betting on companies failing and people’s livelihoods disappearing is the mark of a total bastard, and today some those bastards have been thoroughly shafted.”
However, not everybody was happy.
“AAARRGGGGHHHH!” suggested market shorter and bastard, Simon Williams.
“How dare people make money from the stock market in a similar way to me, while doing me no good whatsoever!”
“This is just wrong, and it’s not MY kind of wrong, so it’s even MORE wrong!”
“These people need to be arrested. Not me though, leave me alone.”
newsthump.com
A realistic summary of Gamestop.Stock market panic as the wrong kind of people make money from it
The stock market has flown into a panic after some less experienced people managed to make it work for them.
A Reddit group of relatively inexperienced traders bought huge amounts of shares in a failing company, GameStop, in order to get one over on a multi-billion dollar hedge fund who were betting on the company to fail.
The move took the company share prices from $20 to over $300, and has nearly bankrupted said hedge fund after they lost billions with their gamble.
“This is technically legal and, more straightforwardly, just incredibly funny,” confirmed journalist, Hayley Rice.
“Betting on companies failing and people’s livelihoods disappearing is the mark of a total bastard, and today some those bastards have been thoroughly shafted.”
However, not everybody was happy.
“AAARRGGGGHHHH!” suggested market shorter and bastard, Simon Williams.
“How dare people make money from the stock market in a similar way to me, while doing me no good whatsoever!”
“This is just wrong, and it’s not MY kind of wrong, so it’s even MORE wrong!”
“These people need to be arrested. Not me though, leave me alone.”
Stock market panic as the wrong kind of people make money from it
The stock market has flown into a panic after some less experienced people managed to make it work for them.
newsthump.com
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You have to laugh, after being in lockdown due to a virus (victorian), that the tables on those who thought they can game the system without working for it, could get turned so fast, and the system of trading and derivatives to prosper off someone else hard work and determination (build/create something that people require or desire) could get exposed to the world so fast.
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It is intriguing. At some stage short sellers have to deliver the shares they have borrowed or what ?
What are the consequences of a hedge fund being unable to deliver the shares ?
In the early 80's the Hunt brothers embarked on a massive silver shorting spree by attempting to corner the entire silver market. Their activities pushed the price of silver through the roof. The consequences were traumatic. This could unwind in a similar way.
Silver Thursday: How Two Wealthy Traders Cornered the Market
Find out how the largest speculative attempt to corner the market went awry.
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Reviewed this statement, it is interesting and more than likely possible as shorting is based on a contractual agreement that can be exploited.
It is not like buying potatoes, I buy 5 potatoes here is my money, where are they?
Or is it not that different, I buy the five potatoes and give them to jim who has paid x for them, as I know with X$ I can buy 6 potatoes in the future and return them to you. I love myself as I just made a trade where I get a potatoe for no cost, but when I use my X$ to buy my 6 potatoes (one for me) I find out that I can only buy 4 with X$.
Crap, I am short 1 potato, so what do I do, tell your to f-----k off and now you have 0 potatoes when you should have $X, and I have some potatoes.
Funning how people believe in numbers that are meant to be assets.
Dona Ferentes
A little bit OC⚡DC
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and I do like hubris
‘Boomers no longer control the market,’ says 16yo Reddit trader
etc etc
Pssst, what do you know?
Crashes
Sounds like some opportunities coming up
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This article throws into focus the new competition between the "Big Swinging xicks" represented by the big traders and hedge funds and the "Giant swinging xick" which represent the combined forces of the millions of small traders who have squeezed the Hedge funds on Gamestop.
Has something to say to the thousands of fresh day traders who have jumped into the stock market to stick it to the man and make a killing.
www.theguardian.com
Has something to say to the thousands of fresh day traders who have jumped into the stock market to stick it to the man and make a killing.
The real lesson of the GameStop story is the power of the swarm | Brett Scott
Rather than retreating from the company’s over-valued shares, traders have embraced them with nihilistic exuberance, says former broker Brett Scott
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.
What happens when irrational racism is used as basis for farfetched conspiracy theories. Said by an Australian pretending like he's on the other side of the fence defending the US of A from "foreign enemies". Better not look in the mirror ?
Kiwi actually. And I've never been shy saying US needs to undergo massive change.
Save pointless digs for general chat. Happy to drag people through the mud over there. Keep it out of the other forums.
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