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lmao that tesla is trading at 28x sales. Even the biggest bubble stocks in 2000 were at like 15x amazing
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Jan 8, 2021 14:48
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lmao this is hysterical
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Jan 26, 2021 15:31
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The Alpha Centauri posted:am i reading this situation right yes and it's beautiful
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Jan 26, 2021 15:46
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Not a Children posted:So how are rich people going to keep something like this from happening again that's why it's so hilarious, rich people have done everything in their power to incentivize open fraud and discourage shortselling and broad market hedging so number always goes up
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Jan 26, 2021 15:49
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this is the monster they've created, there is no putting the toothpaste back in the tube. They need to let it all burn, all of it, to put an end to this
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Jan 26, 2021 15:51
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Raccooon posted:Interesting thing is that this is probably repeatable with companies in similar situations. there are literally hundreds of zombie companies with high short interest and low float
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Jan 26, 2021 16:00
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super funny that hedge funds had a hard time in Obama's term and then just got power hosed during TRUM there's no need to hedge anymore
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Jan 26, 2021 16:07
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The Alpha Centauri posted:What's the explain this to a moron explanation of what WSB did to get game stop boosted? when there's heavy short interest on a stock a coordinated buy with lots of money can send a stock soaring because short sellers are forced to exit their positions to stop losses. Exiting a short position entails buying the stock, so it's a double whammy it's like what happened to VW but instead of a rich ghoul it's just hundreds of thousands of internet weirdos https://www.ft.com/content/0a58b63a-4294-3e07-8390-c3aabef39a26 Gio posted:can you put this in laymans terms (srsly) see above. Low float is when there are only a small percentage of shares available for liquid trading. So if there's a limited stock of shares any spike leads to asymmetric repricing. Scam companies are great for short squeezes because short sellers know it's a matter of time before the company just drops 90% overnight. So they pile into situations that will pay out eventually. But if a coordinated buy happens, whoops, those shorts have to exit and the stock goes on a tear. There are lots of scammy poo poo companies that shouldn't exist oxsnard has issued a correction as of 16:39 on Jan 26, 2021 |
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Jan 26, 2021 16:36
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dead gay comedy forums posted:I am just interested in how these hedgers are trying to get rid of their contracts since the strategy in play is well-known, right? so nobody is going to buy those because it is a veritable mongol horde of investors to go against to make those short sells viable i mean, when there's a massive short squeeze, poo poo falls back to earth eventually. It requires exponentially more new money every day to keep that kind of growth up
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Jan 26, 2021 16:47
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lmao that hedge funds were the only ones for decades actually finding and exposing fraud and they've been completely neutered and owned
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Jan 26, 2021 17:19
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pigz posted:The US Govt is a trojan horse to global corporate feudalism and the economic system meant to prop the country up will be maintained until corporations no longer need it.
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Jan 26, 2021 17:33
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yeah borrow was at like 125% of float. That's not a sign of naked shorting
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Jan 26, 2021 17:46
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Gio posted:the explanations given are good thank you, but one more... yes, that's what happens. You're overthinking it. At liquidation their real estate and inventory would probably be worth a billion or so, but that all goes to debt and the stock becomes worth zero. It's a trading sardine right now
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Jan 26, 2021 17:48
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yoloing on GME calls isnt a long term investment strategy hth
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Jan 26, 2021 17:54
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me, a genius: "im going to identify the exact top of this bubble and get out in time, unlike all those other idiots"
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Jan 26, 2021 18:02
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I'm literally a recovering gambling addict, some of y'all are actually worrying me
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Jan 26, 2021 18:14
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DoomTrainPhD posted:The crushing thought of wage slavery for 40 years and then dying penniless because companies moved everything to 401Ks without giving you enough money to invest in said 401k makes people do more and more desperate things to get out of that cycle. yep, that's how I ended up there. Doomerbrain plus the adrenaline hit really hosed my poo poo up
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Jan 26, 2021 18:19
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if i was still gamblin i'd be short US dollars and balls deep on some google/fb puts right now
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Jan 26, 2021 18:21
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Horseshoe theory posted:Gamestop can just issued 1,000,000,000 new shares (for the LOLs) and be flush with cash again - bing bong, so simple! this has been the literal investment thesis for Tesla for going on 5 years now. Can't believe it's lasted this long
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Jan 26, 2021 18:23
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SchnorkIes posted:AMC has meme energy/allegedly a bunch of shorts to squeeze https://www.highshortinterest.com/ not allegedly, these numbers are public record
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Jan 26, 2021 18:24
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they should be going after KOSS, low float and high short interest https://www.lowfloat.com/all/2
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Jan 26, 2021 18:27
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Relevant Tangent posted:yes and also this is repeatable until either wall street stops naked shorting or everyone else is living debt free in mutual solidarity there isn't naked shorting,
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Jan 26, 2021 18:27
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hollering about naked shorting is literally something two bit stock promoters running fraudulent scams do. Regular shortselling is plenty risky and sketchy
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Jan 26, 2021 18:44
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bob dobbs is dead posted:shortselling is risky as are any other positions but they are basically the designated drivers of the market we've been there since at least 2015 when the credit markets were about to roll over and give us a normal recession thanks to leveraged bets on unprofitable shale plays (e.g. all of them) instead the shanghai accord happened and every central bank coordinated to flood a massive amount of money into the banking system and they don't know how to pull the plug
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Jan 26, 2021 18:48
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halted again
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Jan 26, 2021 18:51
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Relevant Tangent posted:except in this case where ~140% of the stock is being shorted the float isn't the same thing as shares outstanding hth
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Jan 26, 2021 18:53
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lollontee posted:yeah this is definately going to be hilarious on friday when the stock market explodes wait why is that happening? Can't keep up
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Jan 26, 2021 18:54
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lmao https://twitter.com/orthereaboot/status/1354102870346510337?s=20
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Jan 26, 2021 19:32
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dex_sda posted:I bought exactly one share cos im fine not buying hitman 3 until it's cheaper in return for a meme. dont put in money you cant stand to lose lol I mean theoretically, this has to correct violently based. But otoh who the gently caress knows. The only good news is that a steep massive stock market crash is the only way we're going to see actual stimulus chat. When all your blue chips that dominate the market start projecting YoY revenue drops, there's no fundamentals to hang onto and incremental stimulus by manipulating the bond market is harder to do "The defecit myth" is a great read btw and probably the best way to get any sort of socialist system implemented (by pleasing the mega corps unfortunately)
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Jan 26, 2021 19:40
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dex_sda posted:I don't think they want a collapse in their second week in office tbh the problem is that consumer demand is falling off. Lower interest rates ain't gonna do poo poo this time. Totally different scenario from 2008-09. That was a financial systems crash, we're seeing society as we know it fall apart lmao
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Jan 26, 2021 19:42
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https://twitter.com/cameron/status/1354115442546192386?s=20
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Jan 26, 2021 19:44
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Grapplejack posted:You're implying that the stock market is in any way tethered to reality. What you're seeing here is what the stock market is. Maybe back in the day it was tied to company performance or real world items, but here it's just the screaming id of the investor class. no but it sort of is. Not quantitatively, but directionally it sure does. If top line revenues go down that will have a cascading impact on where money goes. As long as revenues are going up even a tiny bit, you can sell 10% annual stock growth. If that number goes negative it does all sorts of weird poo poo to corporate bond markets
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Jan 26, 2021 19:48
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they're going for 200 https://twitter.com/zerohedge/status/1354153904053891072?s=20
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Jan 26, 2021 20:48
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if it makes it to 200 it's gonna blow right past it due to gamma hedging
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Jan 26, 2021 20:48
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Paradoxish posted:I can't believe I'm regretting only throwing play money at this last week don't sweat it, if it doesn't get close to 200 it's gonna collapse
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Jan 26, 2021 20:53
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human garbage bag posted:Don't do this, the hedge funds will see it and will try to trigger it. Instead do a sell limit where you only sell once the price is at or ABOVE a certain level. If the holders set the same sky-high sell limit then it would cause the price to plateu at that peak instead of peaking and dropping. this isn't how that works and also they don't give a poo poo about your 20 shares
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Jan 26, 2021 20:54
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cumshitter posted:you cant take margin out against shorts or options. those are short term contracts, not assets didn't robinhood gently caress up last year and let people use the underlying value of calls for margin purposes?
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Jan 26, 2021 21:06
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KaptainKrunk posted:it's more like shorts were purposefully trying to drive retail companies that MAY survive the pandemic into bankruptcy to pick up their assets at bargain bin prices nah the hedge funds doing this were just after the equity losses. None of them are Bain or whatever
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Jan 26, 2021 21:07
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dex_sda posted:Short selling incentivizes destructive moves against something. For instance, Rees-Mogg the tory fucko in Britain was a staunch Brexit supporter. What he wasn't saying in his rhetoric was that he was owner of a hedge fund that essentially shorted the pound. His campaign succeeded and he made dozens of millions of dollars. It's far easier to destroy than to build, so bets on something getting destroyed are really hosed up. short selling equity also incentives fraud discovery so land of contrasts etc
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Jan 26, 2021 21:09
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dex_sda posted:that's true but as with anything, the deck is stacked for the rich guys so they do far more bad than good I mean yeah but "shorts are the bad guys" is missing the fact that there's a cornucopia of evilness
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Jan 26, 2021 21:11
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