aceofspadeshq at gee mail.com
CBD:
cbd at cutjibnewsletter.com
Buck:
buck.throckmorton at protonmail.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com
Oligarch Jeff Bezos' Corporate Newsletter The Washington Post: Akshually, The Hedge Fund Short-Sellers Are the Good Guys
.png)
I don't care who the "good guys" and "bad guys" are here. I don't want to care. One group won a bet, the other group lost a bet. Any attempt to portray the winners as "the real bad guys" is just a fucking lie in a political prelude to getting the people who outsmarted you prosecuted -- unless they give you back "your" money, of course! The "bad guys" are the ones trying to claim it's unjust that they lost money, and that therefore, we need government action to undo this Great Injustice.
Last week, a similar fantasy reared its head: the idea that GameStop, an ailing retailer whose shares had slumped from $57 to $4 since 2013, should suddenly trade at $350. The speculators driving this 8,750 percent revaluation have no evidence that this makes sense: Indeed, they disdain evidence. GameStop’s price-to-earnings ratio is infinite, because the company earns nothing. Its prospects are grim, because it is mainly a brick-and-mortar vendor of video games, a product best sold digitally. But the speculators don’t care. They believe. And the force of their belief has been contagious and self-fulfilling.Well, no. They had the fact that the short sellers had sold 120-140% of the available stocks and therefore had created a trap for themselves which would obligate buy the stock at almost any price. They correctly deduced the fact that the short sellers were obligated to pay almost any price to buy the stock they had sold (sometimes multiple times) after merely borrowing it. The short sellers got greedy and made a huge, huge mistake in creating an artificial scarcity in the very stock that they were contractually obligated to purchase. They created their own stock sqeeuze. The stock is, therefore, worth almost any price to the short sellers. The price of something is what someone is willing to -- or obligated to -- pay for it. These are facts, not beliefs. But this guy is trying to pretend this is about virtuous "facts" versus evil, and vaguely Christian, "beliefs."
... The particular targets of the GameStop crowd are hedge funds and short sellers. Here, a couple of definitions may be useful. Generally speaking, a hedge fund is a small-to-medium-size company that makes money by choosing smart investments. There is nothing nefarious about this. To the contrary, if you don't like too-big-to-fail banks that get backstopped by taxpayers, small-enough-to-fail hedge funds ought to be celebrated. M}Their go-to move is to say you're a white supremacist conspiracy-theorist who is peddling "misinformation." As the Wall Street Journal did. Then, having laid the predicate -- it's always legal to Punch Nazis (TM), as Fredo Cuomo says -- they demand the government "crack down" on you. And the government they own and operate eagerly complies. And the bois at National Review cheer their big, strong government protectors coming to the nation's rescue. And fuck you, Jeff Bezos. Below: Jen The Genius Psaki spins for Treasury Secretary Janet Yellen getting hundreds of thousands of dollars from the same hedge fund that owns Robinhoodapp.
... Hedge funders and short sellers are out to get rich: They are certainly not angels. But there is a difference between trading based on evidence and research and trading based on conspiracy theories and mob tactics. Over the past week, it'a been tempting to celebrate the colorful rebels -- they represent the democratization of finance, the revenge against the fat cats. Now it is time to remember that truth matters.
Janet Yellen accepted $810,000 in speaking fees from Citadel, owner of Robinhood.
— Jessica Grace 🌹 (@IsicaLynn) January 28, 2021
Reporter: Are there any plans to recuse herself from advising the President on GameStop and Robinhood situation?
Psaki: ‘No and she’s an expert and deserves that money.’
pic.twitter.com/fvn1Chu30P
Comments
(Jump to bottom of comments)Posted by: 4 at February 01, 2021 02:12 PM (KnJdm)
Posted by: I used to have a different nic at February 01, 2021 02:12 PM (T7iTv)
Posted by: runner at February 01, 2021 02:13 PM (Iik29)
Posted by: Lizzy at February 01, 2021 02:13 PM (bDqIh)
One bet - everybody knows the rules.
- Stool Presidente
Posted by: Doof (Invested in Sonic the Hedge Fund) at February 01, 2021 02:13 PM (mZUr4)
Posted by: Lizzy at February 01, 2021 02:14 PM (bDqIh)
Posted by: Asscheeks of Saturn at February 01, 2021 02:14 PM (Js/7v)
Sponge
Posted by: MarkY at February 01, 2021 02:14 PM (i022r)
Posted by: Matt Cunningham at February 01, 2021 02:14 PM (LvVLV)
Posted by: Archer at February 01, 2021 02:15 PM (gmo/4)
Posted by: bear with asymmetrical balls at February 01, 2021 02:15 PM (H5knJ)
Posted by: runner at February 01, 2021 02:15 PM (Iik29)
Posted by: Archer at February 01, 2021 02:15 PM (gmo/4)
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:15 PM (y7DUB)
One group won a bet, the other group lost a bet."
This is the most accurate summation of events up until the losers called for backup.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:16 PM (Zm+LZ)
247.51 -77.49 (-23.84%)
Posted by: G'rump928(c) at February 01, 2021 02:16 PM (yQpMk)
Posted by: The Central Scrutinizer at February 01, 2021 02:16 PM (KbCG3)
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 02:16 PM (Zz0t1)
Posted by: Ian S. at February 01, 2021 02:16 PM (ZGrMX)
Posted by: runner at February 01, 2021 02:16 PM (Iik29)
If there is the slightest whiff of the kind of manipulation that we just saw with the election, the market is dead.
Posted by: MarkY at February 01, 2021 02:16 PM (i022r)
Since he learned that Drill goes both ways, he's been a force of Shelving Nature.
Posted by: garrett at February 01, 2021 02:16 PM (vtsbN)
Posted by: x4 at February 01, 2021 02:17 PM (0tE/i)
Posted by: lowandslow at February 01, 2021 02:17 PM (qH6FZ)
Bezos is the new Costanza only with moar money.
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:15 PM (y7DUB)
And less charisma.
Posted by: Nancy Pelosi's Desk Chair at February 01, 2021 02:17 PM (PtOP4)
There ain't no good guy, there ain't no bad guy
There's only you and me and we just disagree
Ooh-hoo-hoo, oh-oh-ho
Posted by: Bertram Cabot, Jr. at February 01, 2021 02:17 PM (63Dwl)
Posted by: Pierre at February 01, 2021 02:17 PM (FHY7H)
Posted by: Bilwis Devourer of Innocent Souls, I'm starvin' over here at February 01, 2021 02:17 PM (Wm5SB)
The first is owning by a Mexican Oligarch instead, so at least they've got some of that diversity. But Bezos is a white boy's white boy and very, very straight....
Posted by: 18-1 at February 01, 2021 02:17 PM (qlFIA)
Posted by: MarkY at February 01, 2021 02:17 PM (i022r)
Exactly. The opportunity was there for the taking. "DeepFuckingValue" decided to act on it and the Wizards of Smart didn't.
Posted by: Ian S. at February 01, 2021 02:18 PM (ZGrMX)
They will never do that.
They will ban unapproved people from Profitting from the Trade of Stocks.
Posted by: garrett at February 01, 2021 02:18 PM (vtsbN)
Posted by: Vanya at February 01, 2021 02:18 PM (gAFsE)
16 By hook or by crook they have managed to drive down the stock price of GME
247.51 -77.49 (-23.84%)
Posted by: G'rump928(c) at February 01, 2021 02:16 PM
Side deals - Lots of side deals, shares changing hands
Posted by: runner at February 01, 2021 02:18 PM (Iik29)
Posted by: JoeF. at February 01, 2021 02:18 PM (dR6lV)
Posted by: Hairyback Guy at February 01, 2021 02:18 PM (KlM8i)
https://twitter.com/inactivist_/status/
1354537152445521923/photo/1
Posted by: Lizzy at February 01, 2021 02:18 PM (bDqIh)
Posted by: Skip at February 01, 2021 02:18 PM (Cxk7w)
Kind of like when Colbert announced the firing of Comey. "no no, now you're supposed to like him!"
Posted by: Christopher R Taylor at February 01, 2021 02:18 PM (KZzsI)
Posted by: garrett at February 01, 2021 02:19 PM (vtsbN)
Posted by: Ace's Drill at February 01, 2021 02:19 PM (S7VTO)
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:19 PM (y7DUB)
There's only you and me and we just disagree
Ooh-hoo-hoo, oh-oh-ho
Posted by: Bertram Cabot, Jr. at February 01, 2021 02:17 PM (63Dwl)
=================
Well played, Mr Mason!!
Posted by: Doof (Invested in Sonic the Hedge Fund) at February 01, 2021 02:19 PM (mZUr4)
Posted by: Lizzy at February 01, 2021 02:13 PM (bDqIh)
Posted by: Ted Torgerson at February 01, 2021 02:19 PM (vN+oL)
True. Capitalizing their profits, and Socializing their losses.
Posted by: Pierre at February 01, 2021 02:19 PM (FHY7H)
Posted by: Colorado Alex in Exile at February 01, 2021 02:19 PM (jOcSX)
Posted by: MarkY at February 01, 2021 02:20 PM (i022r)
Buffet is a holier then thou leftwing oligarch, but at least he never cheated on his wife with his best friend's wife so he's got that going for him.
Posted by: 18-1 at February 01, 2021 02:20 PM (qlFIA)
247.51 -77.49 (-23.84%)
Posted by: G'rump928(c) at February 01, 2021 02:16 PM (yQpMk)
But, don't they need it to be down in the teens or single digits?
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 02:20 PM (Zz0t1)
Posted by: Bilwis Devourer
Ask Aunt Becky.
Posted by: rickb223 at February 01, 2021 02:21 PM (LwB8i)
Posted by: x4 at February 01, 2021 02:17 PM (0tE/i)
Very few hedge funds were in on this short and generally most don't do this sort of shorting activity. Most hedge funds don't have a billion or so lying around waiting for someone else to do something shockingly stupid. Market inefficiencies aren't because of some sort of special collusion. Sometimes someone does pick up on something like this and blow it up, but nobody really makes a long-term strategy of it since usually these are idiosyncratic opportunities.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:21 PM (Zm+LZ)
why didn't a different hedge fund fuck Melvin?
Posted by: x4
Why didn't they give Melvin a melvin?
Posted by: Nancy Pelosi's Desk Chair at February 01, 2021 02:21 PM (PtOP4)
Seems to me the evidence and research WAS done by the little guys and the mob tactics as usual is with the hedgies.
Posted by: Guy Mohawk at February 01, 2021 02:21 PM (r+sAi)
Posted by: 18-1 at February 01, 2021 02:20 PM (qlFIA)
Take a ride on the WILD SIDE!!!!
Posted by: Motley Crue at February 01, 2021 02:21 PM (Zz0t1)
Posted by: Sponge - Saying Ashli Babbitt
Yeah, they do. That's why the players in. Everyone knows what a short squeeze is now, even if they didn't before.
Posted by: MarkY at February 01, 2021 02:21 PM (i022r)
Posted by: Skip at February 01, 2021 02:21 PM (Cxk7w)
Posted by: Jean at February 01, 2021 02:21 PM (Xih1H)
Posted by: Archer at February 01, 2021 02:21 PM (gmo/4)
Posted by: squid_hunt at February 01, 2021 02:22 PM (Ectld)
Posted by: Notsothoreau - look forward at February 01, 2021 02:22 PM (JKNZq)
Posted by: Grudge Harbor at February 01, 2021 02:22 PM (uhPTO)
Posted by: spongeworthy at February 01, 2021 02:22 PM (vZqvS)
Posted by: 4 at February 01, 2021 02:22 PM (KnJdm)
Something something healthcare, something something tax~ Justice Roberts (probably)
Posted by: Flyguy at February 01, 2021 02:23 PM (pLEy5)
---
Now that's funny right there. There are only two choices, folks: massive institutions that embody systemic risk and that have to be defended by the government at your expense, or small boutique hedge funds that engage in bad decision making and hang their asses out on big risks. No alternatives. That's it. Make your choice. Good grief, that's asinine.
++++
But there is a difference between trading based on evidence and research and trading based on conspiracy theories and mob tactics.
---
Lolwut? The Reddit crowd that is trying to destroy Melvin (having already taken out Citron) *is* "trading based on evidence and research." That is actually an extremely precise definition of what they're doing. They researched and found evidence that GME was 140% short. That means there is a wild, once-in-a-lifetime opportunity to severely punish someone stupid while taking all of his money and putting it in your own pocket. None of them think GME is worth it. They know that it *isn't* worth it. This isn't a value trade.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:23 PM (UZVEt)
If you really believed that, then what does it matter that some autistic retards on reddit outmaneuvered them at their own game? Those poor, plucky hedge fund billionaires shouldn't need any kind of government assistance since they're not "too big to fail", right???
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:23 PM (7cERy)
Posted by: MrObvious at February 01, 2021 02:23 PM (k+h+d)
Posted by: Skip at February 01, 2021 02:18 PM (Cxk7w)
Someone lends you stock, you pay them interest, you sell said stock. You use the proceeds to buy treasuries or perhaps another similar stock that you think will do better. After the period is up, you buy the stock and return it.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:23 PM (Zm+LZ)
Posted by: Ktgreat at February 01, 2021 02:23 PM (AD3JT)
she already wrote a letter to the SEC on behalf of her hedge fund crony donors, asking the SEC to investigate the Redditors.
Posted by: ace at February 01, 2021 02:23 PM (5+1A/)
"Hedge funds sell stock they don't own, to drive the price low enough they can buy it and make a profit when they return the stocks they borrowed."
Sounds like speculation to me, but I'm not a paid advertiser like the Washington Post.
Posted by: squid_hunt at February 01, 2021 02:23 PM (Ectld)
Posted by: Skip at February 01, 2021 02:23 PM (Cxk7w)
Posted by: 18-1 at February 01, 2021 02:20 PM (qlFIA)
Nah, he just had some sort of weird poly thing going on.
Posted by: Colorado Alex in Exile at February 01, 2021 02:23 PM (jOcSX)
Posted by: Trump poisoned my cat at February 01, 2021 02:24 PM (puu6v)
Posted by: jim (in Kalifornia) at February 01, 2021 02:24 PM (ynpvh)
As of this weekend, they were still +100% on shorts...the movement is a bit of small profit takers and the big boys trading back and forth to drive the cost down.
IF the Hold is still being employed, there is nothing the Hedgers can do but eat shit and sell holdings to pay off their bad bets.
Posted by: garrett at February 01, 2021 02:24 PM (vtsbN)
Now that is some quality gaslighting right there.
Posted by: Doctor.Boom at February 01, 2021 02:24 PM (NYS7S)
Posted by: 18-1 at February 01, 2021 02:20 PM (qlFIA)
But he always uses his underpaid secretary to shill for MOAR TAXES!
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:24 PM (y7DUB)
247.51 -77.49 (-23.84%)
Posted by: G'rump928(c)
1) The hedgies are still losing over $240 a share at that price, rather than making a buck or two on the under-$5 price they were trying to create.
B) Not everyone playing run-up-the-price on GME was doing it solely to play Robin Hood with the hedge fund billionaires. And I'm guessing some folks are taking profits, even if they were playing the game to begin with. It takes a noble soul to sit on a 4800% gain out of principle.
Posted by: mikeski at February 01, 2021 02:24 PM (P1f+c)
Posted by: zombie John Gotti at February 01, 2021 02:25 PM (HMFot)
Posted by: Paladin at February 01, 2021 02:25 PM (KX5Wh)
------------------
I lost $40k of my retirement money a while back due to these masters of the universe antics. Where do I go to get my money back?
Posted by: President Select Decaf at February 01, 2021 02:25 PM (hpVf/)
Posted by: Dr Spank at February 01, 2021 02:25 PM (VXuW7)
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:25 PM (UZVEt)
Umm, his wife picked out his mistress when she decided to 'find' herself on the West Coast. He was doing a throuple before it was popular. That of course has been memoryholed as he got big.
Posted by: whig at February 01, 2021 02:25 PM (pO7gM)
"The Tendieman - r/wallstreetbets Wellerman Sea Shanty Cover"
tinyurl.com/5yt44yar
Posted by: Thrawn at February 01, 2021 02:25 PM (oPFtC)
pokeherhontus warren? Or well she shut up once she grifts her money from
the hedge funds?
I'm sure she'll get her mind right, but you bring up a valid point. It turns out that the Occupy Wall Street folks were a bunch of turds, but they had a point. Same with the anti-war lefties. Same with lots of peeps that we immediately dismiss because D instead of R. There is a coalition that can be built - possibly even big enough to break through the current soft coup. Question is - are we willing to make common cause with them ?
Posted by: Pierre at February 01, 2021 02:25 PM (FHY7H)
Motive or identity of buyers and sellers is irrelevant, period. Always. All that matters is that rules are followed. Creative destruction.
Every day produces winners and losers. Many wins and losses in the financial markets, as opposed to real business in the real world, are due to chance, luck, etc.
"Rebels" "evidence" "conspiracy" theories - irrelevant nonsense for illiterates. If rules are followed (seems they weren't, for the benefit of the hedges), there is nothing to discuss. "Mob tactics" - that's hilarious. If the "mob" (just a bunch of sellers or buyers) drives up the price of a stock by buying it, they're taking a risk, shouldering it themselves. Hedges take risks doing what they do.
This idiot's name is vaguely familiar as a WaPo financial reporter from ages ago. Whatever. Only story here, if there is one, is that trading was improperly limited, if that's true. That's it. No broader lessons or anything, but trying to find such is 98% of what "journalists" (ineptly, laughably so) do now instead of reporting.
Posted by: rhomboid at February 01, 2021 02:25 PM (OTzUX)
Posted by: garrett at February 01, 2021 02:25 PM (vtsbN)
New and shiny: It's good if the rich get richer and the poor get poorer.
Posted by: Anonosaurus Wrecks, Tyrannosaur Wrangler at February 01, 2021 02:26 PM (VVEnO)
Posted by: Ktgreat at February 01, 2021 02:23 PM (AD3JT)
Did he do it in blackface? Because he's done a lot of blackface.....
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 02:26 PM (Zz0t1)
Watching them with their nuts in a wringer is a hoot, but it isn't
anything new. Squeezing shorts is time-honored and hilarious.
Posted by: spongeworthy at February 01, 2021 02:22 PM (vZqvS)
Google deleted about 100K negative responses to RobinHood which dropped it's rating to one star. Google says those reviews were a violation of their terms of service (what, trashing a company engaged in possible illegal protection of hedge funds by screwing over its customers?). Nothing to see here folks.
Posted by: jim (in Kalifornia) at February 01, 2021 02:26 PM (ynpvh)
Posted by: Brian Stelter, Stock Shorter at February 01, 2021 02:26 PM (YwPJG)
Which side does the Harris/Biden administration support?
Posted by: Village Idiot's Apprentice at February 01, 2021 02:26 PM (S7VTO)
Right. Warren is the biggest fraud out there. I've read takes from normally informed people who think she has gone after hedge funds rather than the Redittors she actually targeted. Propaganda works
Posted by: Trump poisoned my cat at February 01, 2021 02:26 PM (puu6v)
Posted by: Ktgreat at February 01, 2021 02:23 PM (AD3JT)
Why on Earth would I watch him? On anything?
Posted by: Vanya at February 01, 2021 02:26 PM (gAFsE)
Posted by: kennyraisin at February 01, 2021 02:27 PM (R8qIC)
Posted by: Dr Spank at February 01, 2021 02:25 PM (VXuW7)
======
Cancer sucks
Posted by: Doof (Invested in Sonic the Hedge Fund) at February 01, 2021 02:27 PM (mZUr4)
Posted by: squid_hunt at February 01, 2021 02:23 PM (Ectld)
++++
Short selling is usually speculative. Speculation is not necessarily a bad thing. What is a bad thing is being really fucking stupid, which the hedge funds that shorted >100% of available stock were being.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:27 PM (UZVEt)
to these masters of the universe antics. Where do I go to get my money
back?
Posted by: President Select Decaf at February 01, 2021 02:25 PM (hpVf/)
I lost $100,000 of my retirement when Barkey was in the WH. I can't wait to see what his dumber brother, Fredo does.
Posted by: Archer at February 01, 2021 02:27 PM (gmo/4)
Posted by: President Select Decaf at February 01, 2021 02:27 PM (hpVf/)
Posted by: Skip at February 01, 2021 02:27 PM (Cxk7w)
Posted by: Ktgreat at February 01, 2021 02:23 PM (AD3JT)
Stop me if you heard this one. He blamed....*drum roll*...the Rooshins!
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:27 PM (7cERy)
_______________
What bullshit. The hedge funds were trading on the bet that the price of the GME shares would go down in the short term (something their massive shorting of the stock helped ensure would happen, at least in the beginning), and the Redditors were trading on the bet that they could get the price of the shares to go up in the short term by buying them in quantity and urging others to do the same.
The Redditors won the bet. Tough luck, hedge firms.
Posted by: TrivialPursuer at February 01, 2021 02:28 PM (k4dH2)
way to stop the shorting problem is to legalize the shorter's problem.
Posted by: Brian Stelter, Stock Shorter at February 01, 2021 02:26 PM (YwPJG)
I have no problem with "shortening" certain parts of paedophiles, if you know what I mean.
Posted by: jim (in Kalifornia) at February 01, 2021 02:28 PM (ynpvh)
There is legal and illegal. There is the stock market. The hedge fundies made a bad bet.
The end.
Posted by: Your Betters in Perpetual Government at February 01, 2021 02:28 PM (HBEnm)
I'm sure she'll get her mind right, but you bring up a valid point. It turns out that the Occupy Wall Street folks were a bunch of turds, but they had a point. Same with the anti-war lefties. Same with lots of peeps that we immediately dismiss because D instead of R. There is a coalition that can be built - possibly even big enough to break through the current soft coup. Question is - are we willing to make common cause with them ?
Posted by: Pierre at February 01, 2021 02:25 PM (FHY7H)
Warren is riding to the defense of the hedge funds so that sounds like a no.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:28 PM (Zm+LZ)
Also, is that a necklace or her anal beads?
Posted by: spindrift at February 01, 2021 02:28 PM (HMFot)
Buffet owns insurance companies and benefits from trusts and life insurance used to pay estate taxes.
However, he is probably about like Murdoch, Sumner Redstone before he died just recently, etc. Half senile and letting other people run Berkshire. The usual is that the hired staff eventually runs the company into the ground after the founder passes.
Posted by: whig at February 01, 2021 02:28 PM (pO7gM)
This.
In an ideal world, it would result in others betting in opposition to you and the Market paying out to the Winner.
The way the big houses employ it is a lot more like Rape-Rape.
Posted by: garrett at February 01, 2021 02:28 PM (vtsbN)
Posted by: Retail investors from 4chan at February 01, 2021 02:29 PM (nakwk)
Posted by: When you control everything at February 01, 2021 02:29 PM (CRmS8)
There is legal and illegal. There is the stock market. The hedge fundies made a bad bet.
The end.
Posted by: Your Betters in Perpetual Government at February 01, 2021 02:28 PM (HBEnm)
Problem is some animals are more equal than others.
Posted by: jim (in Kalifornia) at February 01, 2021 02:29 PM (ynpvh)
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:19 PM (y7DUB)
Bezos. He has made Americans even fatter and lazier from waiting on their Amazon crap to be delivered into their lap. Like the humans in The Matrix hooked up in their cocoons.
Posted by: Hairyback Guy at February 01, 2021 02:29 PM (KlM8i)
When does Nancy order the National Guard to Wall Street?
Posted by: President Select Decaf at February 01, 2021 02:29 PM (hpVf/)
Don't google anything. Stop making it a household word.
Use ANY other search engine.
Fuck google.
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 02:29 PM (Zz0t1)
"The conservative case for crushing the little guy"
Posted by: Suetonius at February 01, 2021 02:29 PM (rg50F)
Posted by: Skip at February 01, 2021 02:29 PM (Cxk7w)
****
3..2..1..
TRADERS NEED TO PAY A FEE TO BE PROPERLY VETTED, LICENSED, AND REGISTERED WITH THE FEDERAL GOVERNMENT IN ORDER TO BUY STOCKS!!!
Posted by: Your Betters in Perpetual Government at February 01, 2021 02:29 PM (HBEnm)
This needs to be used regularly and relentlessly. Because it is honest.
Posted by: 4 at February 01, 2021 02:22 PM (KnJdm)
Hillsdale college uses that term a lot. Previously I thought it was just an economic term for a small number of people controlling a market, like auto manufacturers.
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:29 PM (y7DUB)
Posted by: Motley Crue at February 01, 2021 02:21 PM (Zz0t1)
===============
Some Reddit guys
Hedge fund dies
A days pay on the wild side!
Posted by: Doof (Invested in Sonic the Hedge Fund) at February 01, 2021 02:29 PM (mZUr4)
Posted by: Anonosaurus Wrecks, Tyrannosaur Wrangler at February 01, 2021 02:29 PM (VVEnO)
Posted by: spindrift at February 01, 2021 02:28 PM (HMFot)
Embrace the power of "AND".
Posted by: jim (in Kalifornia) at February 01, 2021 02:30 PM (ynpvh)
Posted by: Thrawn at February 01, 2021 02:25 PM (oPFtC)
The fact that sea shanties are popular with the kids today makes me feel like maybe the world is healing, just a little.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:30 PM (7cERy)
Posted by: Skip at February 01, 2021 02:30 PM (Cxk7w)
The apes have diamond hands, they ain't selling.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:30 PM (SchxB)
Posted by: SFGoth at February 01, 2021 02:30 PM (KAi1n)
Posted by: Puddin Head at February 01, 2021 02:30 PM (UQ1wW)
Posted by: Skip at February 01, 2021 02:27 PM (Cxk7w)
In a world of over 7.5 Billion people, I'm willing to bet a 44 year old dies every day.
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 02:30 PM (Zz0t1)
Posted by: Thomas Bender at February 01, 2021 02:30 PM (BMgON)
Posted by: Trump poisoned my cat at February 01, 2021 02:26 PM (puu6v)
++++
Fuck Elizabeth Warren. I hate her more than almost anyone else in similar positions. I know a lot about her. I have read a *lot* of her work, going back a long way. She knows her shit on finance and risk. She is extremely smart. She knows a lot and she knows how to think.
Yet all of her solutions involve massive state action, defending the other power players, screwing the taxpayer and enslaving the citizen. This despite the fact that she knows better and indeed knows precisely what she's doing.
Elizabeth Warren is neither stupid nor foolish. She's evil. Plain, simple, ugly evil.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:30 PM (UZVEt)
In fairness to Buffet, throuple is weird and all but hey if everyone is an adult and agrees to it...
I do expect that it will become more "normal" to accept our oligarchs and their close allies to have those kind of relationships. In fact I think part of the drive for transexualism is the acknowledgement that we are going to have our very own version of the Chinese problem (not enough women) soon - though in our case because the oligarchs and their chosen have, essentially, harems.
Posted by: 18-1 at February 01, 2021 02:30 PM (qlFIA)
A way to hang her anal beads...
When they're not in her ass.
Posted by: Village Idiot's Apprentice at February 01, 2021 02:30 PM (S7VTO)
Posted by: President Select Decaf at February 01, 2021 02:29 PM (hpVf/)
Biden will order them to build a wall around it, forgetting that all the trading is actually online.
Posted by: Vanya at February 01, 2021 02:30 PM (gAFsE)
tinyurl.com/5yt44yar
Posted by: Thrawn at February 01, 2021 02:25 PM (oPFtC)
Seriously. Go Listen, especially if you heard the original just posted here a few days ago.
Posted by: OneEyedJack at February 01, 2021 02:31 PM (z79tQ)
Posted by: garrett at February 01, 2021 02:31 PM (vtsbN)
Happy for the WSB guys? Meh, sure.
Happy what they did to the hedgies? Abso-fucking-lutely.
Posted by: The Central Scrutinizer at February 01, 2021 02:31 PM (KbCG3)
I mean, in the end the people who are gonna get fucked are the poor fools who buy in high since it has to go down at some point.
Posted by: Gentlemen, this is democracy manifest at February 01, 2021 02:31 PM (LWu6U)
Posted by: Lizzy at February 01, 2021 02:14 PM (bDqIh)
---------------
He's not afraid of the hedge funds, he's afraid of the people who might take the same action against him.
Posted by: President Select Decaf at February 01, 2021 02:31 PM (hpVf/)
Posted by: Grudge Harbor at February 01, 2021 02:31 PM (uhPTO)
Posted by: Archer at February 01, 2021 02:31 PM (gmo/4)
Posted by: Notsothoreau - look forward at February 01, 2021 02:31 PM (JKNZq)
Posted by: Captain Hate Won't Forget Ashli Babbitt at February 01, 2021 02:31 PM (y7DUB)
A while back, Ace wrote a terrific piece about how the left controls cool, and through that controls culture. That they've managed to become the arbiters of what is cool and what is not, and everyone wants to be in on the cool side of everything (because they also succeeded in juvenile-izing culture).
This was one of those "the world makes more sense to me" moments like someone unlocked a truth in my brain and everything fits together better than before. By controlling what people consider cool, they control how people behave, respond, like, dislike, support, and reject things.
Now, they failed utterly in this last election: Trump was cool despite their best efforts, and they barely tried to make Biden cool because its impossible. But, generally speaking, they are really good at this and control things well by using it. Their control of pop culture, entertainment, etc makes this much easier.
They've made wearing masks... cool. Let that sink in.
Posted by: Christopher R Taylor at February 01, 2021 02:32 PM (KZzsI)
Posted by: Cat Ass Trophy at February 01, 2021 02:32 PM (dNzKv)
Oh, so they'd all be more or less licensed brokers at that point?
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:32 PM (SchxB)
Posted by: Gentlemen, this is democracy manifest at February 01, 2021 02:31 PM (LWu6U)
The SEC doesn't have the tools to do anything remotely like that.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:33 PM (Zm+LZ)
Posted by: Skip at February 01, 2021 02:33 PM (Cxk7w)
Posted by: Silver at February 01, 2021 02:33 PM (LwB8i)
Posted by: Boswell at February 01, 2021 02:33 PM (w2LAm)
Watch the Volume. Always watch the Volume.
Posted by: garrett at February 01, 2021 02:33 PM (vtsbN)
Council on Foreign Relations should have told you all you needed to know.
I tried to tell ya but noooo. Crazy, conspiracy theory stuff.
Posted by: Goldwater at February 01, 2021 02:33 PM (2KqaE)
Posted by: Jon Corzine - I swear I don't know where the $1.2 billion is at February 01, 2021 02:33 PM (nakwk)
The only place to get physical silver at any quantity is Ebay.
People have started hoarding it based on the threat of a run-up.
You get Morgan Silver Dollars in quantity but get 25 - 100 oz bars is next to impossible at this point.
Posted by: Thomas Bender at February 01, 2021 02:33 PM (BMgON)
Posted by: pep at February 01, 2021 02:34 PM (v16oJ)
Lung cancer. I'm betting he was wishing he had dropped dead.
Posted by: G'rump928(c) at February 01, 2021 02:34 PM (yQpMk)
Posted by: Colorado Alex in Exile
Good. Open all the eyes to these vile cretins. Maybe a few thousand more people will see who the real combatants are. Not black vs. white, not left vs. right. Its the haves vs the have nots. The rich ruling class vs the middle class serfs. They don't care about the poor folk. Poor folk don't have anything to steal.
Occupy Wall street was a bunch of cosplay hippies who wanted their 15 minutes. The folks in this Wall street bets? Not playing. But they are winning.
Posted by: Madamemayhem (uppity wench) at February 01, 2021 02:34 PM (Vxu+H)
When they come for private investment accounts - I'm pretty sure Liz will be leading the charge. And I gotta' admit, my previous plan of staying liquid and getting out ahead of them looks like pure shit in today's new cashless economy.
Posted by: Pierre at February 01, 2021 02:34 PM (FHY7H)
Posted by: Wyatt Earp - Biden Is Not My President at February 01, 2021 02:34 PM (qoNQ/)
Oh, so they'd all be more or less licensed brokers at that point?
Posted by: Blanco Basura
Go ahead and turn 4chan loose with that.
Posted by: rickb223 at February 01, 2021 02:34 PM (LwB8i)
Posted by: sock_rat_eez at February 01, 2021 02:34 PM (PpU3N)
Lest all remember obama's (paraphrased) words on the stock market: The days of bubbles and bursts are over. The days of "winners and losers" are over.
Little did we know obama was speaking in favor of rigging Wall Street for the 0.001%. Oh wait, we did know that.
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:35 PM (dzA2p)
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:35 PM (7cERy)
I don't think the vast majority will. They've been mocking "silver shills" today.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:35 PM (SchxB)
But on topic, the cool thing is important to understand.
Because if the idea that "combined and united we are much more powerful than they are" becomes popular and cool... they're doomed.
And that's what this reddit thing has helped reveal. A bunch of nobodies and regular guys combined online to form a Voltron who is taking on the fat cats. That's cool as hell and feels like the plot to 800 movies about evil rich people being beat by just regular folks.
It flips the left's cool narrative on its head.
And they HAVE to stop that, they must end that and destroy it by making it uncool.
Well... good luck.
Posted by: Christopher R Taylor at February 01, 2021 02:35 PM (KZzsI)
That those shorting the stock are, at least right now, contractually obligated to cover that short is a fact.
It's not a fucking conspiracy theory. Deepfuckingvalue has been pointing out this play for MONTHS.
Posted by: alexthechick - Boobs and hysteria at February 01, 2021 02:35 PM (GbPPJ)
If it jumps afterhours, today...like it has been for a few treading days, then it was the Big Boys trying to manipulate the algorithm through repetitive small 'loss' sales.
Posted by: garrett at February 01, 2021 02:35 PM (vtsbN)
Posted by: 18-1 at February 01, 2021 02:30 PM (qlFIA)
++++
I disagree. I think the tranny stuff is because any form of deviance is good, but extreme deviance is better.
And there are a lot of women locked up in harems (by their choice in most cases), and it has been a problem increasing dramatically over the past 20-30 years. They're tackling that problem differently - through marginalizing the so-called "incels" and forcing them out of society. This is a bad strategy (that kind of thing, if it gets big enough, will lead to slaughter), but it seems to be their preferred approach for now.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:35 PM (UZVEt)
Posted by: Thomas Bender
Good. Don't. It's the squirrel.
Posted by: MarkY at February 01, 2021 02:35 PM (i022r)
---------------
The WSB boys have some really funny meme's on Citadel trying to lure them into the Silver Trap.
Posted by: Puddin Head at February 01, 2021 02:35 PM (UQ1wW)
Posted by: 18-1 at February 01, 2021 02:20 PM (qlFIA)
Yeah, but he and Munger are major abortion supporters, so they have that going against them when they shuffle off this mortal coil in a couple years.
Posted by: clutch at February 01, 2021 02:35 PM (9UmRs)
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:35 PM (dzA2p)
Posted by: Silver at February 01, 2021 02:33 PM (LwB8i)
The guys on actual Reddit are screaming NOT to buy silver (not paper or futures, anyway).
Posted by: Vanya at February 01, 2021 02:35 PM (gAFsE)
It's a category error to think they're businessmen, or millionaires with extra zeroes in their bank account.
Posted by: callsign claymore at February 01, 2021 02:35 PM (YiYTU)
IN this case, Melvin Hedge Fund as did other shorters in GME did a very stupid thing--they shorted more than the number of shares (140 percent at peak) in existence so much of their position was essentially (selling a share of stock that you could never own because it did not friggin exist).
Thus, retail buyers, including a bunch of reddit WSB crowd bought and held the stock roughly 50-60 percent of all GME shares. That made it essentially impossible for the shorters to get the shares that they needed to return to the owners. In addition, if they renegotiated the contract, due to stock volatility, they are getting killed by the increased payments due to the share holders that agreed to let them short their particular shares of stock.
The research was simple, people shorting the stock did not own the sufficient number of shares to do what they did--their ass and money was hanging in the wind. WSB and others took both.
Posted by: whig at February 01, 2021 02:36 PM (pO7gM)
People have started hoarding it based on the threat of a run-up.
You get Morgan Silver Dollars in quantity but get 25 - 100 oz bars is next to impossible at this point.
Posted by: Thomas Bender
Look at APMEX. They should still have physical silver.
Posted by: rickb223 at February 01, 2021 02:36 PM (LwB8i)
______________
Yep, and like they say in Vegas, you should never, ever bet money you can't afford to lose.
The hedge funds should never have shorted more stocks than they could afford to buy back at higher prices. But they thought the fix was in, and they were as sure of winning their bet as Hillary was of winning the presidency in 2016. The hedgies didn't see the reddit buyers coming, just like Hillz didn't see the Trump voters coming.
Posted by: TrivialPursuer at February 01, 2021 02:36 PM (k4dH2)
Posted by: Archer at February 01, 2021 02:36 PM (gmo/4)
Someone said that she should recuse herself, so now she has to. That's how the law works.
Posted by: Jeff Sessions at February 01, 2021 02:36 PM (9vQJW)
They kept Doubling Down!
Thought they could just swing a big dick at the problem and make it go away...
Holy Shit that was a bad play.
Posted by: garrett at February 01, 2021 02:37 PM (vtsbN)
Yet all of her solutions involve massive state action, defending the other power players, screwing the taxpayer and enslaving the citizen. This despite the fact that she knows better and indeed knows precisely what she's doing.
Elizabeth Warren is neither stupid nor foolish. She's evil. Plain, simple, ugly evil.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:30 PM (UZVEt)
I agree. She's someone who knowingly chooses evil.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:37 PM (Zm+LZ)
Yeah that solution doesn't work though - look at the muslim world.
Posted by: 18-1 at February 01, 2021 02:37 PM (qlFIA)
Posted by: Christopher R Taylor at February 01, 2021 02:37 PM (KZzsI)
Anyone remember "baron robbers?"
Anyone remember when Shits such as shitt romney were the "bad guys" when they bought and raided companies for profit?
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:37 PM (dzA2p)
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:37 PM (SchxB)
These new WSBers are all in shock about how the media is absolutely lying and driving narratives right now. It's the greatest redpilling I've ever seen in real time. "Wait -- CNN is lying?! They can't use say we're all moving over to silver, literally no one is saying that! How can they get away with this?" and the original WSB people are all saying "oh, this your first time? - trump supporters" or the like. It's ... amazing.
Posted by: Harry Paratestes at February 01, 2021 02:38 PM (UPoLF)
I don't think the vast majority will. They've been mocking "silver shills" today.
Posted by: Blanco Basura
It will eventually go up. We have never been closer to a "burn it down" time than now.
Posted by: rickb223 at February 01, 2021 02:38 PM (LwB8i)
Because basically the stock controller, not the owner, is screwing the owner over and destroying their wealth. Completely unethical. And unchristian.
I think that anyone who has their stock borrowed has a class action suit against their money manager.
Posted by: Loki at February 01, 2021 02:38 PM (KqiMr)
"Also, is that a necklace or her anal beads?"
Is she wearing the one from the Wilma Flintstone collection?
Posted by: Bertram Cabot, Jr. at February 01, 2021 02:38 PM (63Dwl)
Posted by: Guy Mohawk at February 01, 2021 02:39 PM (r+sAi)
When Warren was talking about going after WSB the other day, I thought that was the great redpilling event.
Turns out there were far more pills to go around than I thought.
Posted by: The Central Scrutinizer at February 01, 2021 02:39 PM (KbCG3)
You get Morgan Silver Dollars in quantity but get 25 - 100 oz bars is next to impossible at this point.
Posted by: Thomas Bender at February 01, 2021 02:33 PM (BMgON)
I'd already bought some a while back (physical) and was already planning to get more. Guy at the dealer today said the price is already starting to spike; he ordered some from the mint and had to pay $32 an ounce.
Mine's in the safe already. Not hoping for a spike, just turning greenbacks into things that aren't greenbacks. I have some gold too.
Posted by: Vanya at February 01, 2021 02:39 PM (gAFsE)
It took less than 48 hours for Fake News Media to incorporate imaginary "nazis" in the gamestop saga.
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:39 PM (dzA2p)
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:39 PM (SchxB)
AMPEX is backordered on 25 - 100 oz bars. as well as most silver at any quantity and configuration.
You can small ball ingots and coins but not in very large quantities.
As I said, you can hit up ebay at this point.
Posted by: Thomas Bender at February 01, 2021 02:39 PM (BMgON)
=======
Interesting. So the individual trader using Robinhood was the "product"?
Posted by: Swingin' for the downs at February 01, 2021 02:40 PM (VbCZe)
Thought they could just swing a big dick at the problem and make it go away...
Holy Shit that was a bad play.
Posted by: garrett at February 01, 2021 02:37 PM (vtsbN)
Well, they were in a shit position. Lose billions of investors dollars, or double down and make even more money if they were right that the WSB people would get greedy and sell, thus crashing the stock.
I can see how plan 2 makes sense if you're not very risk adverse. Which of course you wouldn't be if your job is basically gambling billions of dollars at a casino every day.
Posted by: Harry Paratestes at February 01, 2021 02:40 PM (UPoLF)
Posted by: Bertram Cabot, Jr. at February 01, 2021 02:40 PM (63Dwl)
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:23 PM (UZVEt)
Right, it's not "worth" any of this. Not the highs and certainly not the lows the hedge fund shorters were forcing.
In fact, it seems the entire industry is based on play acting that stocks are "worth" whatever they're valued at. When the Great Crash comes, we'll find out that most weren't.
Posted by: BurtTC at February 01, 2021 02:40 PM (oQ94s)
Because basically the stock controller, not the owner, is screwing the owner over and destroying their wealth. Completely unethical. And unchristian.
I think that anyone who has their stock borrowed has a class action suit against their money manager.
Posted by: Loki at February 01, 2021 02:38 PM (KqiMr)
You get paid for lending stock. As to your agreement to do so, usually you have to go out of your way to arrange for it.
For example Fidelity's program.
tinyurl.com/3u28w3va
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:40 PM (Zm+LZ)
Posted by: Archer at February 01, 2021 02:41 PM (gmo/4)
Posted by: pep at February 01, 2021 02:34 PM (v16oJ)
Yeah, I agree with that, which is why articles like this one defending shorts are good propaganda, because they have a kernel of truth. Nothing would be wrong with it if it were done in a relative vacuum, but that's not how it works. Shorts get megaphones on CNBC to shit-talk a company, play games to drive down the price, and get a feedback loop going. I hate even defending them, but Elon Musk has a good reason to hate short sellers, because they lied through their teeth about Tesla in order to try to wreck them.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:41 PM (7cERy)
Physical silver will. Lead, too.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:41 PM (SchxB)
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:39 PM (SchxB)
==============
Semi-obscure Star Wars humor -- nice!
Posted by: Doof (Invested in Sonic the Hedge Fund) at February 01, 2021 02:41 PM (mZUr4)
Are we at the point in this farce when the Media Oligarchs call the reddit traders "modern-day or hight-tech Saccos and Venzettis?"?
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:41 PM (dzA2p)
Posted by: Skip at February 01, 2021 02:41 PM (Cxk7w)
Posted by: garrett at February 01, 2021 02:41 PM (vtsbN)
Because basically the stock controller, not the owner, is screwing the owner over and destroying their wealth. Completely unethical. And unchristian.
I think that anyone who has their stock borrowed has a class action suit against their money manager.
Posted by: Loki at February 01, 2021 02:38 PM (KqiMr)
Remember, technically there is only one entity that owns all stocks - say hi to the DTCC.
https://www.investopedia.com/terms/d/dtcc.asp
Posted by: alexthechick - Boobs and hysteria at February 01, 2021 02:42 PM (GbPPJ)
Posted by: Blanco Basura
It will eventually go up. We have never been closer to a "burn it down" time than now.
Posted by: rickb223 at February 01, 2021 02:38 PM (LwB8i)
Which is why I bought it to begin with. Doesn't hurt to just hang onto it at this point.
Posted by: Grudge Harbor at February 01, 2021 02:42 PM (uhPTO)
Posted by: Harry Paratestes at February 01, 2021 02:42 PM (UPoLF)
Capitalistic Communism, Comrade. It's for your own good, and the good of the Republik.
Posted by: Martini Farmer - Now a Pirate, Hoisting the Black Flag at February 01, 2021 02:42 PM (3H9h1)
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:41 PM (SchxB)
Visited my gun shop today too. Nothing left but the shit nobody wants. And even if you want it, there's no ammo.
Posted by: Vanya at February 01, 2021 02:42 PM (gAFsE)
Posted by: Swingin' for the downs at February 01, 2021 02:40 PM (VbCZe)
++++
This is called "front running" and the HFTs do it all the time. They all claim that they don't, but they do. Front running is a conflict of interest and should be disallowed because it represents the exchange using inside information (your order) to profit by re-queuing your transaction so they can get in first.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:42 PM (UZVEt)
Posted by: Guy Mohawk
That needs to be investigated. Physical silver is usually $7 to $8 over spot. Yeah, that's where the make their money. But almost double? Nah. Something is wrong.
Posted by: rickb223 at February 01, 2021 02:42 PM (LwB8i)
And Conway makes Tater look positively buff and alpha.
https://tinyurl.com/y4k7uh7f
Posted by: Jane D'Oh #Impeach Foady Six! at February 01, 2021 02:42 PM (ptqGC)
play acting that stocks are "worth" whatever they're valued at. When
the Great Crash comes, we'll find out that most weren't.
Posted by: BurtTC at February 01, 2021 02:40 PM (oQ94s)
Got quite the scolding some time back for stating that - based upon current P/E ratios - there wasn't very much at all on the stock market that I'd ever consider buying. I almost pulled the trigger on Ford - then they declared they were simply not paying a dividend. Glad I waited.
Posted by: Pierre at February 01, 2021 02:42 PM (FHY7H)
Posted by: BurtTC at February 01, 2021 02:40 PM (oQ94s)
Which blows up one hedgie-as-hero talking point.
Yes, doing proper research and reacting accordingly is smart investing advice.
That said, those who crowded into the WSB bandwagon also saw a market reaction that could drive prices up. Was a smart play for those looking to profit on that momentum. This shit works both ways.
Posted by: The Central Scrutinizer at February 01, 2021 02:43 PM (KbCG3)
Posted by: Loki
It'[s in the stndard agreement.
Don't like it? Have the stocks transferred and shipped.
Posted by: MarkY at February 01, 2021 02:43 PM (i022r)
but I really don't think this house of cards will stand without all the marks
Posted by: BlackOrchid at February 01, 2021 02:43 PM (j9HX3)
The point is that Buffet, like Bezos from all accounts, is a deviant. Deviant personalities generally do things like screw people, towns, and corporations, over for fun because they believe themselves to be their own personal deity.
So a Buffet is perfectly willing to put out a horseshit meme that he pays less percentage wise than his secretary. Which is precisely because people like him game the system where Buffet wins under any income tax regime. In the bad old days of 90% tax rates, the effective rate was basically about the same for those in that bracket as they manipulated their income in such a way as to not pay that rate. The investments were dysfunctional economically speaking but the wealthy did not worry about it very much. It affected the aspiring entrepreneurs the worst.
Posted by: whig at February 01, 2021 02:43 PM (pO7gM)
Posted by: 18-1 at February 01, 2021 02:43 PM (qlFIA)
reddit traders "modern-day or hight-tech Saccos and Venzettis?"?
Do you really think those halfwits know who Sacco and Vanzetti were?
Posted by: pep at February 01, 2021 02:43 PM (v16oJ)
Posted by: Loki at February 01, 2021 02:38 PM (KqiMr)
Yes. And now do banks and people's "savings."
Posted by: BurtTC at February 01, 2021 02:43 PM (oQ94s)
Posted by: Mark1971 at February 01, 2021 02:44 PM (xPl2J)
https://www.investopedia.com/terms/d/dtcc.asp
Posted by: alexthechick - Boobs and hysteria at February 01, 2021 02:42 PM (GbPPJ)
Right. Elon Musk actually had an interview with the CEO of Robinhood on someones podcast yesterday. Vlad of RH said something like "well, the clearinghouses have a formula that isn't public knowledge, that said that we had to pay basically the entire price of the stock up front, but only for the meme stocks because of volatility." and Elon was like "um, so who controls them?" and Vlad said "they're not really government, its kind of an industry thing" and Elon said "so... is it possible that people who are shorting big time control them?" and Vlad demurred hard.
Posted by: Harry Paratestes at February 01, 2021 02:44 PM (UPoLF)
Today 1,860
My stocks and home value during same period up BIGLY.
Glad I never bought metals.
Posted by: Just Saying at February 01, 2021 02:44 PM (jKqaK)
Posted by: Lizzy at February 01, 2021 02:44 PM (bDqIh)
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:39 PM (dzA2p)
The Wolfenstein Gambit.
Posted by: Grudge Harbor at February 01, 2021 02:44 PM (uhPTO)
something is very very wrong with silver
silver is the way ALL of this is done
if silver wasn't forcibly held down in spot value, it would all come crashing down
fingers crossed!
Posted by: BlackOrchid at February 01, 2021 02:44 PM (j9HX3)
Notice how fast the Dems scramble to protect the same people they are ALWAYS 'agitating' against.
The Top 1% of the Top 1%...and the Dems are presenting their asses in order to save their crumbs.
Posted by: garrett at February 01, 2021 02:45 PM (vtsbN)
Posted by: 18-1 at February 01, 2021 02:45 PM (qlFIA)
but I really don't think this house of cards will stand without all the marks
Posted by: BlackOrchid at February 01, 2021 02:43 PM (j9HX3)
++++
It goes beyond that. They need the marks, but retail investors also provide gobs of liquidity and do so very quickly. The big players like hedge funds and the institutional crowd like insurance and pension funds move more slowly and have very different rules. If they decide to ice out retail investors, they are going to create some pretty tremendous problems.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:45 PM (UZVEt)
What we are witnessing is the complete breakdown of all order due to the complete and total corruption of the system.
We are now in cascading feed back loop.
Shit is going to go sideways very quickly.
Posted by: Thomas Bender at February 01, 2021 02:45 PM (BMgON)
One group won a bet, the other group lost a bet.
This.
There are no "good guys" or "bad guys." Just counterparties. That's it.
Posted by: Deplorable Jay Guevara at February 01, 2021 02:46 PM (YqDXo)
Posted by: Pierre
Not if you don't understand them through their own prisms. You have to understand psychology, language, and the Socratic method. On the way to a formal ball a few years ago, I explained to a leftie friend how capitalism and the rich are the reason we have affordable, and smaller-than-wall-sized, high-def TVs. I painstakingly walked him through it all. At the end, he understood what I said, and didn't disagree with me, but it didn't sit well with his worldview. Well, at least I broke through that wall just a bit and he knew I was right in the reality of things.
Posted by: SFGoth at February 01, 2021 02:46 PM (KAi1n)
Posted by: BlackOrchid at February 01, 2021 02:46 PM (j9HX3)
Posted by: Oddbob at February 01, 2021 02:46 PM (qc+VF)
Posted by: Thomas Bender
Unless... some big boys take it in the shorts (heh) very publicly.
Posted by: MarkY at February 01, 2021 02:46 PM (i022r)
From memory, Warren made her Jack from flipping houses, a practice she previously criticized.
As someone pointed out above, this is going to red pill a lot of Millennials and Zoomers as they realize what lying frauds the propaganda organs and the ruling class's political whores are.
Posted by: Trump poisoned my cat at February 01, 2021 02:46 PM (4lR8S)
Picked up 300 rounds of .380 last week, it wasn't cheap. They had NO 5.56 and were having to tell customers that they couldn't reserve them any from the next shipment. Guy behind the counter said they were flooded with customers even during the snowstorm before the road was plowed.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 02:46 PM (SchxB)
Posted by: Harry Paratestes at February 01, 2021 02:38 PM (UPoLF)
Big ups to this comment. Go look for yourselves. They're getting the MAGA treatment there and a lot of them are starting to get a clue about how the manufactured consent sausage is made. It's a thing of beauty.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:46 PM (7cERy)
That said, those who crowded into the WSB bandwagon also saw a market reaction that could drive prices up. Was a smart play for those looking to profit on that momentum. This shit works both ways.
Posted by: The Central Scrutinizer at February 01, 2021 02:43 PM (KbCG3)
WSB did do amazing due diligence on GME and a few people set a target price of like $40 because they looked at GME's cash on hand, bringing in the Chewy people, and GME's move in to turning some of their stores in to "gamer hang outs" and said that the reason traffic in the stores is down so much is due to the pandemic, not that people don't want to go to gaming stores.
Anyways, then they noticed how shorted the stock was and were like "oooh, guys, look at this." and here we are. 100% smart investing moves.
Posted by: Harry Paratestes at February 01, 2021 02:47 PM (UPoLF)
Posted by: BurtTC at February 01, 2021 02:43 PM (oQ94s)
But, but, I don't have your money now Burt, it's in Jim's hose and John's house. See? That's how a Building and Loan works.
Posted by: Jimmy Stewart at February 01, 2021 02:47 PM (gmo/4)
Posted by: Herr Frau Doktor vmom Staunch Demofaszi (on gab as @vm) at February 01, 2021 02:47 PM (nUhF0)
Posted by: Skip at February 01, 2021 02:47 PM (Cxk7w)
This, this is the real "New Economy" that obama and his co-conspirators were always talking about and planning.
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:47 PM (dzA2p)
Are we at the point in this farce when the Media Oligarchs call the reddit traders "modern-day or hight-tech Saccos and Venzettis?"?
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:41 PM (dzA2p) "
within the next #TwoWeeks ?
Posted by: sock_rat_eez at February 01, 2021 02:47 PM (PpU3N)
Posted by: Christopher R Taylor at February 01, 2021 02:47 PM (KZzsI)
Today 1,860
My stocks and home value during same period up BIGLY.
Glad I never bought metals.
Posted by: Just Saying at February 01, 2021 02:44 PM (jKqaK)
As I understand it, gold and silver are a store of value, not an investment per se. It will go up when things are bad, unlike most other investments.
Posted by: G'rump928(c) at February 01, 2021 02:48 PM (yQpMk)
Posted by: Swingin' for the downs at February 01, 2021 02:40 PM (VbCZe)
That's why it was "free". Same as every other "free" app.
Posted by: Dworkin Barimen - anarcho-tyranny? you're soaking in it! at February 01, 2021 02:48 PM (7cERy)
Are you sitting in an elevated and fortified position?
Because gold, water and lead weigh too much to carry enough of.
Posted by: garrett at February 01, 2021 02:48 PM (vtsbN)
Posted by: blaster at February 01, 2021 02:48 PM (ZfRYq)
We are now in cascading feed back loop.
Shit is going to go sideways very quickly.
Posted by: Thomas Bender at February 01, 2021 02:45 PM (BMgON)
++++
The problem is analogous to leverage. Sometimes literally, as in financial leverage, but also politically and socially and culturally. When you have high leverage, a fairly modest turn against you can rip your face off.
They've leveraged and abstracted *everything* to pretty wild degrees. If they lose control - and time will, of course and as always, tell - then it can move faster than anyone thought possible.
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:49 PM (UZVEt)
Never, since the far left views them as put-upon heroes and early communist martyrs to the cause.
Posted by: Christopher R Taylor at February 01, 2021 02:49 PM (KZzsI)
Posted by: Jean at February 01, 2021 02:49 PM (Xih1H)
Posted by: Skip at February 01, 2021 02:49 PM (Cxk7w)
Posted by: Bitter Clinger at February 01, 2021 02:49 PM (YA914)
Mussolini peaked too early.
Posted by: Joe Biden's Owners at February 01, 2021 02:49 PM (Ndje9)
Or we full in on it isn't illegal if Democrat government connected persons do it, so the ones doing illegal behavior can in fact be the good guys?
Posted by: Bete at February 01, 2021 02:49 PM (Ojki1)
Posted by: Count de Monet in exile at his Fortress of Solitude at February 01, 2021 02:49 PM (4I/2K)
it's not about making money on the investment at this point
it's about making the bad guys (sorry, Melvin IS a bad actor) eating a little poo
Posted by: BlackOrchid at February 01, 2021 02:49 PM (j9HX3)
Posted by: Skip at February 01, 2021 02:49 PM (Cxk7w)
Posted by: Peasant with Shit all over 'em at February 01, 2021 02:50 PM (gmo/4)
And from taking a minority's job.
Posted by: G'rump928(c) at February 01, 2021 02:50 PM (yQpMk)
Shit is going to go sideways very quickly.
While this isn't guaranteed, I do see it as a distinct possibility. Both left and right seem to be cheering on WSB. If the regulators step in and save the fatcats, there's no telling how many people will suddenly realize that the elites are well and truly in charge of everything.
The rock was thrown and it hit the water... now we see how far the ripples go.
Posted by: 496 at February 01, 2021 02:50 PM (U1eOr)
Are they wondering how they became white supremist Naaaazis for simply buying Gamsestop stock?
Posted by: Lizzy at February 01, 2021 02:50 PM (bDqIh)
Posted by: None Dare call It Conspiracy at February 01, 2021 02:50 PM (+nWCH)
Posted by: MAC SOG'''' at February 01, 2021 02:51 PM (P4Pk9)
Posted by: rickb223 at February 01, 2021 02:36 PM
Nope. From today:
"Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position. We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have partnerships around to world that allowed us to cover these long positions, but only to a point. Once we exceeded our comfort levels, we had little choice but to stop the sale of Silver on our website. This was a difficult decision to make and unprecedented in our history"
Posted by: Chuck C at February 01, 2021 02:51 PM (awtm/)
Posted by: Loki at February 01, 2021 02:38 PM (KqiMr)
Yes. And now do banks and peoples savings.
BurtTC
People put money in savings expecting a small amount of return based on it being loaned out.
I dont buy stock expecting it to be loaned out by the manager so that someone can destroy its worth. Big difference.
Posted by: Loki at February 01, 2021 02:51 PM (KqiMr)
A lot of people are hung up about what used to be--well we are not going back there to the 1960's because it is literally impossible to recreate that society at this point.
So, the WSB crowd which skews millenial and zoomers, is learning that the media lies, constructs narratives of lies, and that is directed at them personally because rich and powerful people got pissed off.
The working class is already pissed off and getting more so, the lower middle class is pissed off and getting more so, even the upper middle if they own a small business are there as well.
I frankly see the Democrats, techlords, and globalists on the verge of implosion because they are building a massive coalition against themselves.
Posted by: whig at February 01, 2021 02:51 PM (pO7gM)
Posted by: blaster at February 01, 2021 02:48 PM (ZfRYq)
Whatever do you, don't go paper hands! HOLD.
(also, I'm not invested in GME because I know when it crashes, its going to crash hard and I can't afford to lose money like that right now. Lots of people on WSB are in the same shoes as me, but hate hedge funds THAT MUCH that they're willing to lose a couple of thousand bucks)
Posted by: Harry Paratestes at February 01, 2021 02:51 PM (UPoLF)
Posted by: Jack Squat Bupkis at February 01, 2021 02:51 PM (Bs26G)
reddit traders "modern-day or hight-tech Saccos and Venzettis?"?
Never, since the far left views them as put-upon heroes and early communist martyrs to the cause.
Yes, but they were white.
Posted by: pep at February 01, 2021 02:51 PM (v16oJ)
Posted by: Skip at February 01, 2021 02:51 PM (Cxk7w)
Or we full in on it isn't illegal if Democrat government connected persons do it, so the ones doing illegal behavior can in fact be the good guys?
Posted by: Bete at February 01, 2021 02:49 PM (Ojki1)
It could've arrived at that point through several means which doesn't necessarily include naked shorting. It's the most likely explanation though. However that fault would tend to lie with the brokerages doing the fake lending.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:52 PM (Zm+LZ)
Isnt she on Federal property
Posted by: Jean at February 01, 2021 02:49 PM (Xih1H)
You don't have to wear one when you're celebrating something. She's probably celebrating not having to take hard questions.
Posted by: Jane D'Oh #Impeach Foady Six! at February 01, 2021 02:52 PM (ptqGC)
Yes, doing proper research and reacting accordingly is smart investing advice.
That said, those who crowded into the WSB bandwagon also saw a market reaction that could drive prices up. Was a smart play for those looking to profit on that momentum. This shit works both ways.
Posted by: The Central Scrutinizer at February 01, 2021 02:43 PM (KbCG3)
The whole thing reminds me of football draft prognosticators. You have a bunch of eggheads who study film, crunch numbers, listen to the so-called experts, meaning coaches and whatnot, and come up with a chart that shows this player or that player being deserving of being drafted here or there.
Is there actual value in the player? Usually, yeah. But every now and then you get a Johnny Manzel or whomever, who comes along and isn't really worth squat, but his "price" was driven up by all the trading and talk, and the dude cashes in at some point... before he crashes down to Earth, the first time he actually suits up for a game.
Some of this is real, but a lot of it ain't.
Posted by: BurtTC at February 01, 2021 02:52 PM (oQ94s)
understand psychology, language, and the Socratic method.
Cuts both ways. You say "capitalism" - and the typical Reagan Democrat sees shit like GME and says "Whatever you call it, it's not fair and the little guy is taking it in the shorts". And he's got a point. It's why I say saving the GOP is useless - it's a dead brand. Because too many people - rightly, I believe - see the GOP as also lying through their teeth about things like defense of capitalism. We don't do capitalism in America. We ought to give it a try. The GOP has defended today's corporate socialism for far too long.
I'll say it again - there is a coalition that can be made, that would be big enough to break through the soft coup of the UniParty. I just don't know if enough on each side are willing to work with each other. I kinda' doubt they are.
Posted by: Pierre at February 01, 2021 02:52 PM (FHY7H)
IIRC, her husband is also a Harvard professor who specializes in 'wealth inequality'.
Posted by: Lizzy at February 01, 2021 02:52 PM (bDqIh)
Beyond this, that practice (by my understanding based on what I read last week) was already illegal.
But the big guys laugh and ignore the law.
Posted by: Loki at February 01, 2021 02:52 PM (KqiMr)
Notice how fast the Dems scramble to protect the same people they are ALWAYS 'agitating' against.
The Top 1% of the Top 1%...and the Dems are presenting their asses in order to save their crumbs.
Posted by: garrett at February 01, 2021 02:45 PM (vtsbN)
Great point. Needs a little SALT to really bring it home, though.
Posted by: The Central Scrutinizer at February 01, 2021 02:52 PM (KbCG3)
_______________
And that's what pisses off the "elites." They don't want it to work both ways. How dare some bunch of nobody retail investors make fools of hedge fund gods? That's not how things are supposed to work for the Masters of the Universe. Most of those retail GME investors probably don't even have Ivy League post-grad degrees or country club memberships! WTF do they think they are?
Posted by: TrivialPursuer at February 01, 2021 02:52 PM (k4dH2)
Posted by: whig at February 01, 2021 02:51 PM (pO7gM)
Yeah, I can't think of a more stupid move on their part then what they're doing with GME right now.
They are attacking what should be their core constituents -- left leaning kids who are LIV's and don't really know anything beyond what they see on late night "comedy" shows. And they're red pilling the hell out of them by showing them how the world REALLY works. Which is not in their interest at all.
Posted by: Harry Paratestes at February 01, 2021 02:52 PM (UPoLF)
Never, since the far left views them as put-upon heroes and early communist martyrs to the cause.
Posted by: Christopher R Taylor
History has been reset.
Today, Sacco and Vanzetti could be useful "terrorists" for the Left's Narrative.
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:53 PM (dzA2p)
As I said, if you are a retail investor and want silver in any largish qty ebays your only choice now.
Or alternatively...
We Have Assumed Control.
--
DemoTechnoFascists.
Posted by: Thomas Bender at February 01, 2021 02:53 PM (BMgON)
Posted by: Jack Squat Bupkis
That's my point. You'll see pension funds bailing cause of forced liquidations. Banks, same. Trust funds. No one wants to be the patsy.
Posted by: MarkY at February 01, 2021 02:53 PM (i022r)
Like watching an amazing Juggler.
...who gets the hiccups.
Posted by: garrett at February 01, 2021 02:53 PM (vtsbN)
During hyperinflation and/or depression not so much. The trick is to decide when to jump horses and most people wait too long because of loss avoidance preference.
Posted by: whig at February 01, 2021 02:53 PM (pO7gM)
He is, however, a journaliste and former member of the Washington Post's editorial board.
Posted by: Miklos, actual kollidge edumacated economist at February 01, 2021 02:53 PM (QzkSJ)
Posted by: Red Turban Someguy
Which is why I said that the brokerages are open to a class action law suit for what is an illegal and unethical activity.
Posted by: Loki at February 01, 2021 02:54 PM (KqiMr)
That is all.
Posted by: blake - Dr semi lurker in marginal standing at February 01, 2021 02:54 PM (WEBkv)
Posted by: Lizzy at February 01, 2021 02:52 PM (bDqIh)
Well, he and his wife are experts at it, so why not?
Posted by: Vanya at February 01, 2021 02:54 PM (gAFsE)
Posted by: G'rump928(c) at February 01, 2021 02:48 PM (yQpMk)
2020 was horrible. Still bad now with large parts of the economy shut down.
Posted by: Just Saying at February 01, 2021 02:54 PM (yzgms)
Apparently, they were the keepers of the flame of democracy when Donald Trump was president.
Posted by: San Franpsycho at February 01, 2021 02:54 PM (4BMGG)
(Bezos defending hedge funds is totes legit though. He's a super-rich bastard who pays enough alimony to float Ecuador. I'm sure he lost money last week due to the Game Stop kerfluffle.)
Posted by: exdem13 at February 01, 2021 02:54 PM (W+kMI)
Posted by: Joe Biden's Owners at February 01, 2021 02:54 PM (Ndje9)
That's the conventional wisdom, but Sony and Microsoft have had relatively soft sales of their download-only versions of their consoles, and Nintendo has thus far refused to make one. What's actually happening is that discs and cartridges are still being sold, but mostly from (wait for it) Amazon.
So there's an additional layer of creamy hypocrisy on this one, with the Bezos Post defending a hedge fund that's preying on an Amazon competitor.
Posted by: Ian S. at February 01, 2021 02:54 PM (ZGrMX)
Posted by: lowandslow at February 01, 2021 02:54 PM (qH6FZ)
Are they wondering how they became white supremist Naaaazis for simply buying Gamsestop stock?
Posted by: Lizzy at February 01, 2021 02:50 PM (bDqIh)
And how soon will they Gell-Mann and go back to being blue pilled?
Posted by: Bete at February 01, 2021 02:54 PM (Ojki1)
I think Ace has always been cynical, or at least looked at politics and culture with a jaundiced eye.
It's simply that the last four years have buckled him into a gimp suit, dropped trou and repeatly slapped a pustulent, sweaty, thick-veined drippy syphillitic dick across his face which has brought the real cynicism to the fore.
Posted by: Mary Poppins' Practically Perfect Piercing at February 01, 2021 02:55 PM (2JVJo)
From memory, Warren made her Jack from flipping houses, a practice she previously criticized.
Posted by: Trump poisoned my cat
she was also doing subprime mortgages on them with rates just under usury. she then founded the CFPB to stop people like her.
Posted by: x4 at February 01, 2021 02:55 PM (0tE/i)
Posted by: Bete at February 01, 2021 02:49 PM (Ojki1)
It could've arrived at that point through several means which doesn't necessarily include naked shorting. It's the most likely explanation though. However that fault would tend to lie with the brokerages doing the fake lending.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:52 PM (Zm+LZ)
We don't know for sure that it was naked selling, but it if it was, that would certainly explain why the entire financial market is freaking out so much right now. Because it could turn out that a lot of the shares being sold in the short were, essentially, counterfeit. ...Which would cause all kinds of systemic problems if that came out.
Posted by: Harry Paratestes at February 01, 2021 02:55 PM (UPoLF)
Pappy mayhem passed away last year in February. He had a bunch of coins. Including these "books" of mercury head dimes. Are these actual silver dimes and are they valuable? I know nothing on the subject of coins.
Posted by: Madamemayhem (uppity wench) at February 01, 2021 02:55 PM (Vxu+H)
They're probably mad because they didn't collude and do it first.
Posted by: blake - Dr semi lurker in marginal standing at February 01, 2021 02:56 PM (WEBkv)
I hated that President Trump made Powell lower Fed rates because I felt it was an unnecessary move at the time and could be used later when really needed.
But now...I'm thinking it will hurt biden.
Posted by: Soothsayer's Untrue But Accurate Tales at February 01, 2021 02:56 PM (dzA2p)
Posted by: rickb223 at February 01, 2021 02:42 PM (LwB8i)
7 or 8 over spot? I pay 3.
Posted by: clutch at February 01, 2021 02:56 PM (9UmRs)
Posted by: Skip at February 01, 2021 02:51 PM (Cxk7w)
HOLY SHIT, SKIP KILLED GARRETT!
Posted by: josephistan at February 01, 2021 02:56 PM (Izzlo)
pokeherhontus warren? Or well she shut up once she grifts her money from
the hedge funds?
I'm sure she'll get her mind right, but you bring up a valid point. It turns out that the Occupy Wall Street folks were a bunch of turds, but they had a point. Same with the anti-war lefties. Same with lots of peeps that we immediately dismiss because D instead of R. There is a coalition that can be built - possibly even big enough to break through the current soft coup. Question is - are we willing to make common cause with them ?
Posted by: Pierre at February 01, 2021 02:25 PM (FHY7H)
At this point you have no choice but to do so. I guess you do have a choice, but the other option is to fall into further irrelevance (if that is even possible). It's a cliche by now that the digital age has made the old electronic-age ideologies largely moot. New lines are being drawn, whether you like it or not. The left uses coalitions effectively, the right, not so much. For all the talk of purity tests on the left, the right (led by the National Review folks) have been drumming "problematic" people out of the right for decades. We see how that turns out.
Posted by: Catoi at February 01, 2021 02:56 PM (viged)
Posted by: whig
Dear soccer moms,
Please allow Julie to shower with Chad after gym class.
Thanks,
Julie's School
Posted by: rickb223 at February 01, 2021 02:57 PM (LwB8i)
The entire modern elite class in 6 words is "pull the ladder up after yourself". They don't want anyone else to become rich because They've Got Theirs.
Posted by: Ian S. at February 01, 2021 02:57 PM (ZGrMX)
Posted by: Ian S. at February 01, 2021 02:54 PM (ZGrMX)
Sony and XBOX did big studies on this, and found the majority of their customers prefer to have physical media over downloading for various reasons.
But, yes, Amazon is a bit factor in that world, too.
Posted by: Harry Paratestes at February 01, 2021 02:57 PM (UPoLF)
Posted by: sniffybigtoe at February 01, 2021 02:57 PM (1ISKN)
Posted by: garrett at February 01, 2021 02:57 PM (vtsbN)
getting hundreds of thousands of dollars from the same hedge fund that
owns Robinhoodapp.
====================
Jen "the Genius" Psaki's brother recently got promoted at that very same hedge fund. What a coincidence! Quelle surprise.
Posted by: Jonah Goldbrick at February 01, 2021 02:57 PM (tY6Sj)
The director of the John Wick movies is working on it, wanting to make it into a trilogy of movies.
He promises he is "going to try not to fuck it up."
So we have that going for us, which is nice.
Posted by: Sharkman at February 01, 2021 02:57 PM (4ihai)
Posted by: Patti at February 01, 2021 02:58 PM (1bKMN)
Posted by: Huck Follywood, Fopps News Sucks at February 01, 2021 02:58 PM (tY6Sj)
Posted by: Ian S. at February 01, 2021 02:54 PM (ZGrMX)
Sony and XBOX did big studies on this, and found the majority of their customers prefer to have physical media over downloading for various reasons.
But, yes, Amazon is a bit factor in that world, too.
Posted by: Harry Paratestes at February 01, 2021 02:57 PM (UPoLF)
For whatever reason PC is different from consoles in this regard.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:58 PM (Zm+LZ)
1940-1964 are 90% silver coins. Very few have numismatic value. In the trade, called "junk silver".
Most pre- 1940 coins will have some numismatic value.
Junk silver trades at spot, X .715%, cause it's 90% silver, and you expect some to have rubbed off.
That was my lesson from this weekend.
Posted by: MarkY at February 01, 2021 02:58 PM (i022r)
The interwebs say they do contain silver.
Posted by: sniffybigtoe at February 01, 2021 02:58 PM (1ISKN)
What mechanism is served other than the gambling of the position?
Posted by: Inogame at February 01, 2021 02:59 PM (yVv6t)
Posted by: garrett at February 01, 2021 02:59 PM (vtsbN)
Posted by: Madamemayhem (uppity wench) at February 01, 2021 02:55 PM (Vxu+H)
++++
Mercury dimes are three things:
1. Awesome
2. Beautiful
3. Silver
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:59 PM (UZVEt)
Posted by: sniffybigtoe
Again, transfer and ship.
Posted by: MarkY at February 01, 2021 02:59 PM (i022r)
People put money in savings expecting a small amount of return based on it being loaned out.
I dont buy stock expecting it to be loaned out by the manager so that someone can destroy its worth. Big difference.
Posted by: Loki at February 01, 2021 02:51 PM (KqiMr)
Right. It's a different type of corruption, but no less corrupt. People are "suckers" for putting money in a bank, because the money people drive interest rates into the ground. It suits their needs.
Meanwhile, the concept of saving money is almost completely lost, and instead everyone is driven into the world of being a gambler. Or worse, they lose all concept of the value of money. In a myriad of ways.
Posted by: BurtTC at February 01, 2021 02:59 PM (oQ94s)
Posted by: Joe Mannix (Not a cop!) at February 01, 2021 02:59 PM (UZVEt)
Posted by: Madamemayhem (uppity wench) at February 01, 2021 02:55 PM (Vxu+H)
Silver alloy, not sterling - worth more to collectors of coins than as an investment. But fund to to have and pass onto your kids....
Posted by: Boswell at February 01, 2021 02:59 PM (w2LAm)
Posted by: Janet Yellen at February 01, 2021 03:00 PM (F0YaR)
Enough is enough, guys.
You don't need to keep flogging the horse. It's dead.
Posted by: Jeffrey Toobin at February 01, 2021 03:00 PM (vtsbN)
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:58 PM (Zm+LZ)
Different breed of gamers, I think. Also, computers in general have moved away from DVD players or whatever. And computer gamers are usually on the cutting edge of PC technology. I built my last gaming PC like 10 years ago, and didn't bother with a DVD player back then since everything was easily downloadable. Steam has made it even more easily downloadable.
Posted by: Harry Paratestes at February 01, 2021 03:00 PM (UPoLF)
Posted by: Archer at February 01, 2021 03:00 PM (gmo/4)
It is as if all the elites in society have basically decided to recreate a feudal aristocracy and screw everyone else to the wall.
Posted by: whig at February 01, 2021 03:01 PM (pO7gM)
Pappy mayhem passed away last year in February. He had a bunch of coins. Including these "books" of mercury head dimes. Are these actual silver dimes and are they valuable? I know nothing on the subject of coins.
Posted by: Madamemayhem (uppity wench) at February 01, 2021 02:55 PM (Vxu+H)
I'm a freelance coin appraiser. Yes, Mercury head dimes are real silver, 2.5 grams of 900 silver. An average date coin in average condition will be worth about the weight in silver. However, there are some key dates that are worth a lot more, and the better the condition, the higher the value. I would recommend getting a coin reference book like The Red Book and doing a little research on what examples are worth the most.
Posted by: josephistan at February 01, 2021 03:01 PM (Izzlo)
Pappy mayhem passed away last year in February. He had a bunch of coins. Including these "books" of mercury head dimes. Are these actual silver dimes and are they valuable? I know nothing on the subject of coins.
They're probably worth something more than face value, but not enough to buy your own island and retire. What you can get for them will vary daily based on the value of the individual coins if truly rare (hint: most aren't) and the bulk price of physical silver.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 03:01 PM (SchxB)
Posted by: Infidel at February 01, 2021 03:01 PM (twGU3)
Posted by: Blue Horseshoe Loves PSLV at February 01, 2021 03:01 PM (881RW)
What mechanism is served other than the gambling of the position?
Posted by: Inogame at February 01, 2021 02:59 PM (yVv6t)
Well say you want to buy insurance for your stock. A put option. Whoever writes the put option(selling it to you) is in a short position.
We could ban a lot of this stuff without serious harm to the economy. But the simple answer is that some people want to be on one side of a bet while others want to be on the other.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:02 PM (Zm+LZ)
Posted by: whig at February 01, 2021 03:01 PM (pO7gM)
----------------
Yeah, with a veneer of the Republic left. But, much like false front of a a movie set, it turns out the Republic had long ago been hollowed out.
Posted by: blake - Dr semi lurker in marginal standing at February 01, 2021 03:02 PM (WEBkv)
We always need more people red pilled, and this will red pill a lot of people.
Making Donald Trump, sitting president of the United States, and outsider candidate was always a bad move for Democrats, but it was their only play.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:02 PM (LvTSG)
Posted by: Thomas Bender at February 01, 2021 02:45 PM (BMgON)
We are transitioning from the 'slowly' portion of the exercise into the 'suddenly' portion. The otters and the Gods of the Copybook Headings are pleased.
Posted by: AZ Hi Desert (Gringo fuertemente armado - Tempus belli) at February 01, 2021 03:03 PM (N3El/)
Posted by: clutch
With shipping. I would by an ounce for $26 (which is over spot) with a credit card, and by the time I got it in my hand, it cost somewhere between $32 or $33.
Right now, spot is $29.06. A one ounce silver round is $38.77 via credit card.
Posted by: rickb223 at February 01, 2021 03:03 PM (LwB8i)
What mechanism is served other than the gambling of the position?
Posted by: Inogame at February 01, 2021 02:59 PM (yVv6t)
So, Elon Musk would agree with you.
But the Financial People would say it's to help keep the pricing honest. If everyone is long on a stock, you could see irrational run ups and all the big dicks in the market would be talking up stocks and you could lose control of the market.
Shorts serve as a nice counterbalance, where they're constantly looking for a reason to say "this company is failing."
The problem being situations like GME (or TSLA a few years ago) where big money gets together and decides to crash a stock, killing an otherwise viable business, and make a ton of money while doing it while fucking over people who believed int he company and owned the stock.
Posted by: Harry Paratestes at February 01, 2021 03:03 PM (UPoLF)
Dip is always a good short tread, and would fit in here well.
Posted by: Skip at February 01, 2021 03:03 PM (Cxk7w)
You don't need to keep flogging the horse. It's dead.
Posted by: Jeffrey Toobin
We can keep flogging the dead horse as long as you can flog the bishop.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 03:03 PM (SchxB)
Posted by: 496 at February 01, 2021 03:03 PM (U1eOr)
What mechanism is served other than the gambling of the position?
Posted by: Inogame at February 01, 2021 02:59 PM (yVv6t)
I'm no expert, but since last week I'm pretending to be... I think it's sorta like if you have a diamond ring, and you are walking along, minding your own business, being careless about swinging your arms around. So the ring slips off. You don't even know it's gone.
I come along some time later, and through no fault of my own, I can't be sure why or how you lost the ring. All I know is, finders keepers. That's basically what shorting is. You don't know this thing is not yours anymore, but I do, so I get to keep it. For next to no effort, other than bending down and picking it up.
Posted by: BurtTC at February 01, 2021 03:03 PM (oQ94s)
PCs have bigger, faster, cheaper storage, especially if you have an AMD Ryzen system. PS5/Xbox Series close the speed gap, but capacity and cost remain a big issue.
Posted by: Ian S. at February 01, 2021 03:03 PM (ZGrMX)
In bad economic times, those coins are better than bullion or shiny new dollars. As an Argentinian wrote about their financial crash in the 2000's, you go and buy stuff with silver bars or shiny new dollars, people figure you got more of them at home (home invasion/robbery target). You pass some old coins, they figure you dug them out of your sock drawer.
Save them for a rainy day. They will not get cheaper.
Posted by: whig at February 01, 2021 03:03 PM (pO7gM)
______________
It's no fun being rich if everybody else is rich too.
The funnest part of being rich is rubbing other people's faces in the fact that you have things and access to places, events, people, etc., that they don't.
Posted by: TrivialPursuer at February 01, 2021 03:04 PM (k4dH2)
the exercise into the 'suddenly' portion. The otters and the Gods of the
Copybook Headings are pleased.
We're rather bullish on current events as well.
Posted by: Rapey Dolphins at February 01, 2021 03:04 PM (FHY7H)
Posted by: Jack Squat Bupkis at February 01, 2021 02:51 PM (Bs26G)
Believe? More like know.
Posted by: OneEyedJack at February 01, 2021 03:04 PM (z79tQ)
Posted by: Nevergiveup at February 01, 2021 03:05 PM (85Gof)
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:02 PM (Zm+LZ)
It started as insurance against a rapid decline or increase in agricultural prices. You had to wait for the crop to come in so you bought futures or options. Now it's just jackasses in the financial sector butt-rapping each other for lols.
Posted by: sniffybigtoe at February 01, 2021 03:05 PM (1ISKN)
True, but I think it started way before Trump.
Posted by: Harry Paratestes at February 01, 2021 03:05 PM (UPoLF)
Posted by: BifBewalski AOS Moron at February 01, 2021 03:05 PM (VcFUs)
Posted by: MarkY at February 01, 2021 03:06 PM (i022r)
Posted by: Nevergiveup at February 01, 2021 03:06 PM (85Gof)
-----
Good point Chris, and it bears making again at times. However, the Left has been screwing up in the past few years. They've tried to make Trump uncool, but succeeded mainly in making him more cool in 2021 than he was in 2015. And now they are making out the true anti-establishment heroes of WEB out to be uncool; if the WEB movie had been made in 1992, the WEB guys would've been the cool heroes all the way! At the same time, the Leftist cool-makers are saying the hedge fund cabals personified by Gordon Gecko & the Duke brothers to be cool. And that's not cool.
Posted by: exdem13 at February 01, 2021 03:06 PM (W+kMI)
Posted by: Skip at February 01, 2021 03:07 PM (Cxk7w)
Not to be a Brightsider...
but, at least YOU have laughing gas.
Posted by: garrett at February 01, 2021 03:07 PM (vtsbN)
______________
It's no fun being rich if everybody else is rich too.
The funnest part of being rich is rubbing other people's faces in the fact that you have things and access to places, events, people, etc., that they don't.
Posted by: TrivialPursuer at February 01, 2021 03:04 PM (k4dH2)
This is fine so long as they're inventing crap like trips to the moon which eventually drove down the cost so that other people could also do it. But it's a problem when they realized it's a lot easier to focus on keeping people poor then pay for new things.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:08 PM (Zm+LZ)
Motto: "They're Not Our Kind *sniff*(tm)!"
If you want to get backing from the retards running investment banks today, call it "Marian".
Could probably get some federal diversity-and-inclusion grants too.
Posted by: spindrift at February 01, 2021 03:08 PM (HMFot)
Pretty sure it was all Amazon, as they have their own content distribution network and compete with Akamai. Put the cloud Identity and Authentication (IAM) provider Okta in there as well, as they cut off Parler before Amazon deplatformed them entirely.
Posted by: Blanco Basura - moronhorde.com. Not using Okta to secure logins (Unlike Parler) at February 01, 2021 03:08 PM (SchxB)
Otherwise, they won't buy me again.
Posted by: Janet Yellen at February 01, 2021 03:00 PM (F0YaR)
That there used to be the very definition of an honest politician.
Posted by: OneEyedJack at February 01, 2021 03:08 PM (z79tQ)
Posted by: Madamemayhem (uppity wench) at February 01, 2021 02:55 PM
Junk silver is face value * 0.715 * silver spot price
0.10 *0.715* $28.77 = $2.06
Any given coin may be worth more depending on its numismatic value.
Posted by: Chuck C at February 01, 2021 03:08 PM (awtm/)
What mechanism is served other than the gambling of the position?
Posted by: Inogame at February 01, 2021
If you believe in the efficient market hypothesis, a short (not a naked short) is more or less a bet that the stock will go down in value. Another way is to take an option on a stock which is safer. The idea is that an efficient market will pick up the information that a stock's price should go down and that the current market price is wrong. A short is a strong play where the downside is potentially infinite loss with limited gains. Risky but like a lot of risky bets, the payoff is large if the market agrees with the person or hedge fund selling short.
From the vague recollections of college finance, the major issue is that an efficient market processes information about the true price that a stock (bond, etc.) should be and shorts are part of that information processing.
Posted by: whig at February 01, 2021 03:09 PM (pO7gM)
You're thinking of Nakatomi Industries. Hans Gruber got a bad rap, all because of one Christmas movie.
Posted by: Pierre at February 01, 2021 03:09 PM (FHY7H)
How is that coming along now that they are in control?
Posted by: Cat Ass Trophy at February 01, 2021 03:10 PM (dNzKv)
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 02:58 PM (Zm+LZ)
I'm guessing storage is part of this, with consoles generally only around 500GB-1 TB of storage for many consoles (PS5 only has 667.2GB usable, and no ability at the moment to store games on an external hard drive). That is not a small issue with game file sizes. Then add in people who have download limits on their internet and it isn't hard to see some of why physical media is still clung to with consoles.
Posted by: Bete at February 01, 2021 03:10 PM (Ojki1)
Yeah no.
Posted by: Jane D'Oh #Impeach Foady Six! at February 01, 2021 03:10 PM (ptqGC)
How is that coming along now that they are in control?
Posted by: Cat Ass Trophy at February 01, 2021 03:10 PM (dNzKv)
Playing out about how I expected it to. Although I didn't have "permanent occupying army surrounding the capitol" on the 2021 bingo card, so i guess I didn't completely predict everything.
Posted by: Harry Paratestes at February 01, 2021 03:11 PM (UPoLF)
Posted by: Ziba at February 01, 2021 03:11 PM (S1hrL)
What mechanism is served other than the gambling of the position?
Posted by: Inogame at February 01, 2021 02:59 PM (yVv6t)
It takes two sides to make a market. Buyers and sellers. Speculators can take either position. If you are pumping oil out of the ground, you are a seller. Now, one way you can guarantee the price you get for your future output is to sell an equivalent number of futures contracts; if the price falls you make back that drop by buying back the contracts at the lower price. Refineries do the opposite.
Speculators provide liquidity to the market. That's the theory, anyhow.
Posted by: GnuBreed at February 01, 2021 03:11 PM (F0YaR)
From the vague recollections of college finance, the major issue is that an efficient market processes information about the true price that a stock (bond, etc.) should be and shorts are part of that information processing.
Posted by: whig at February 01, 2021 03:09 PM (pO7gM)
The practical reality is that most shorting is either in companies that are pretty far gone, or has a counterbalancing long position in a similar thought to be superior firm. So returns from shorting tend not to be terribly impressive. Also due to liquidity constraints and risk, rarely do they temper irrational exuberance (those cases where a stock goes far beyond a realistic value for some time before crashing).
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:12 PM (Zm+LZ)
Yeah no.
Posted by: Jane D'Oh #Impeach Foady Six! at February 01, 2021 03:10 PM (ptqGC)
American Airlines sent me an email asking me to donate miles to black business owners and they'll match up to 100,000 miles.
100k miles will get you 4 rounds trip tickets in the continental US.
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 03:12 PM (Zz0t1)
Yeah no.
Posted by: Jane D'Oh #Impeach Foady Six! at February 01, 2021 03:10 PM (ptqGC)
Meh. Are they selling something I need at a price I'm willing to pay?
But to purchase for virtue signalling points? Nah
Posted by: OneEyedJack at February 01, 2021 03:12 PM (z79tQ)
How is that coming along now that they are in control?
That phrase right there says it all, right?
Posted by: exdem13 at February 01, 2021 03:12 PM (W+kMI)
"permanent occupying army surrounding the capitol" on the 2021 bingo
card, so i guess I didn't completely predict everything.
No shit - I figured they'd be surrounding us. Not themselves.
Posted by: Pierre at February 01, 2021 03:12 PM (FHY7H)
Great pithy explanation. Hedgers want consistency, speculators don't. It's in theory a great market.
Posted by: MarkY at February 01, 2021 03:12 PM (i022r)
yourself". They don't want anyone else to become rich because They've
Got Theirs.
And just listen to them squeal like stuck pigs when that gets done back to them.
Back when we were more of a Christian country, we didn't have this problem to quite this extent. Everyone wanted everyone else to prosper and didn't mind when they did. Rising tide lifting all ships and all that.
Those days are gone, sadly. We could bring them back, but don't.
Posted by: BackwardsBoy, who did not vote for this shit at February 01, 2021 03:13 PM (HaL55)
Posted by: josephistan at February 01, 2021 03:01 PM (Izzlo)
-----
Yep - if you're not planning on collecting them I'd sell the key dates and keep the rest. Buy some nice silver halves with the proceeds. I had been adding some of the state commemoratives until silver started going nuts, still really want the Grant one.
Posted by: jhawk90 at February 01, 2021 03:13 PM (Eyb/4)
He was an exceptional thief.
Posted by: G'rump928(c) at February 01, 2021 03:13 PM (yQpMk)
Posted by: BackwardsBoy, who did not vote for this shit at February 01, 2021 03:13 PM (HaL55)
We tried.
They stole the election.
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 03:14 PM (Zz0t1)
(self-walking the plank)
Posted by: Jak Sucio at February 01, 2021 03:14 PM (jvt6t)
Great pithy explanation. Hedgers want consistency, speculators don't. It's in theory a great market.
Posted by: MarkY at February 01, 2021 03:12 PM (i022r)
It seems to be reasonably beneficial and helpful in commodity markets. In stock and bond market it mostly seems to provide new and exciting ways for funds to blow up.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:14 PM (Zm+LZ)
Citadel Securities is the firm that Robinhood uses to execute client trades. They make a huge amount of money doing this, as they are making money off the bid/ask spread from the orders that Robinhood clients initiate on the Robinhood platform, as well as trading the positions themselves.
Several big firms do what Citadel Securities (owned by Citadel) does. Whenever you're doing a 'commission-free' trade, Schwab or Robinhood are using one of these firms.
Citadel has no use for owning Robinhood. Too much exposure on the small customer side, and they are making enough money doing what they're doing. They probably made $100 million last week alone executing trades for Robinhood.
Posted by: Darrell Harris at February 01, 2021 03:14 PM (4tiP2)
/so... stop electing submissives?
Posted by: shibumi at February 01, 2021 03:14 PM (tjZg/)
He was an exceptional thief.
Posted by: G'rump928(c) at February 01, 2021 03:13 PM (yQpMk)
=========
Except for the whole "not getting away with it" thing.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:14 PM (LvTSG)
Even the supposed 'truth tellers' such as the conservative media, Romney and Ryan, the Tea Party, etc. were an attempt by average people to correct the 'errors'. In Trump's time, we saw that most of the people we thought were on America's side were actually in thrall to the other side. Trump eliminated pretty much most of the illusions and the Biden maladministration will kill the rest of normalcy bias.
Posted by: whig at February 01, 2021 03:14 PM (pO7gM)
Posted by: Pierre at February 01, 2021 03:12 PM (FHY7H)
Yes, they quickly pivoted from "No OnE NeEdS A gUn!" and "there is no reason to have military style weapons on the streets of the US!" to "yeah, we're going to need 5,000 or so guys armed with actual burst fire military rifles to surround us at all times."
Posted by: Harry Paratestes at February 01, 2021 03:15 PM (UPoLF)
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 03:15 PM (Zz0t1)
Posted by: whig
Pride goeth before destruction, and an haughty spirit before a fall.
Posted by: Anonosaurus Wrecks, Tyrannosaur Wrangler at February 01, 2021 03:15 PM (VVEnO)
Posted by: josephistan at February 01, 2021 02:56 PM
You bastard!
Posted by: RedMindBlueState at February 01, 2021 03:15 PM (ejd/p)
Speculators provide liquidity to the market. That's the theory, anyhow.
Posted by: GnuBreed at February 01, 2021 03:11 PM (F0YaR)
I remember that they once passed a law that only people in the petroleum industry could participate in the oil and finish products derivative markets. Then all of a sudden all the big financial sector players became partial owners of subsidiary companies that own partial shares of petroleum terminals or whatever easy way in they could find.
Posted by: sniffybigtoe at February 01, 2021 03:15 PM (1ISKN)
He was an exceptional thief.Posted by: G'rump928(c) at February 01, 2021 03:13 PM (yQpMk)
Also an avid reading of TIME magazine.
Posted by: Pierre at February 01, 2021 03:15 PM (FHY7H)
Posted by: pep at February 01, 2021 03:15 PM (v16oJ)
He was an exceptional thief.
Posted by: G'rump928(c) at February 01, 2021 03:13 PM (yQpMk)
=========
Except for the whole "not getting away with it" thing.
========
He still died a rich man.
Posted by: exdem13 at February 01, 2021 03:15 PM (W+kMI)
How is that coming along now that they are in control?
Posted by: Cat Ass Trophy at February 01, 2021 03:10 PM (dNzKv)
Playing out about how I expected it to. Although I didn't have "permanent occupying army surrounding the capitol" on the 2021 bingo card, so i guess I didn't completely predict everything.
Posted by: Harry Paratestes
Where's the student debt thing at? I honestly haven't heard. Did hear Covid checks MAY be April. LOL.
Posted by: rickb223 at February 01, 2021 03:16 PM (LwB8i)
He was an exceptional thief.
Posted by: G'rump928(c) at February 01, 2021 03:13 PM (yQpMk)
=========
Except for the whole "not getting away with it" thing.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:14 PM (LvTSG)
Hey, he didn't anticipate one cop, unlike his brother who brought that cop into the mix of his plan only to have said cop blow the plan up. Which was still a smarter move for the lesser brother than his Dungeons and Dragons movie role.
Posted by: Bete at February 01, 2021 03:16 PM (Ojki1)
What damage is perceived by buying up a stock price? Once shares are sold to market, they move on the demand curve. why does a high price need short protection? Shareholders don't make more or less on the shares they own until sold, if they sell the price would drop unless there is still strong demand.
I might need to back away for a bit, I think I may be running myself in circles.
Posted by: Inogame at February 01, 2021 03:16 PM (yVv6t)
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 03:16 PM (Zz0t1)
Posted by: Darrell Harris at February 01, 2021 03:14 PM (4tiP2)
I think Citadel is one of the early investors in RH. Something like 40% of RH is owned by hedge funds or companies that control hedge funds, IIRC, which is kind of odd for a tech start up, but not completely unheard of.
RH was supposed to have an IPO soon. That plan is probably on hold.
Posted by: Harry Paratestes at February 01, 2021 03:17 PM (UPoLF)
--
Where did it come from?
Posted by: Lady in Black at February 01, 2021 03:17 PM (O+I8R)
And if that family is of African descent and/or muslim, I'm pretty sure they're not going to need a mask or a vaccine on the flight!
Posted by: shibumi at February 01, 2021 03:17 PM (tjZg/)
Posted by: Madamemayhem (uppity wench) at February 01, 2021 03:17 PM (Vxu+H)
Posted by: Cat Ass Trophy at February 01, 2021 03:17 PM (dNzKv)
Posted by: MarkY at February 01, 2021 03:17 PM (i022r)
Most pre- 1940 coins will have some numismatic value.
Junk silver trades at spot, X .715%, cause it's 90% silver, and you expect some to have rubbed off.
That was my lesson from this weekend.
Posted by: MarkY at February 01, 2021 02:58 PM
where does one go to sell this "junk silver"?
Posted by: AltonJackson at February 01, 2021 03:18 PM (GvddH)
What are we peons supposed to use for money?
Posted by: BackwardsBoy, who did not vote for this shit at February 01, 2021 03:18 PM (HaL55)
Posted by: Cthillary, dead but dreaming at February 01, 2021 03:18 PM (FWn1L)
Posted by: Madamemayhem (uppity wench) at February 01, 2021 03:17 PM (Vxu+H)
More than one.
Posted by: G'rump928(c) at February 01, 2021 03:18 PM (yQpMk)
Eh, I could see that work, Highlander does need a remake.
Posted by: Christopher R Taylor at February 01, 2021 03:18 PM (KZzsI)
Posted by: Bete at February 01, 2021 03:16 PM (Ojki1)
===========
Younger brother actually got further than elder brother. He actually got his gold out of New York. McClane had to play catchup afterwards.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:19 PM (LvTSG)
What damage is perceived by buying up a stock price? Once shares are sold to market, they move on the demand curve. why does a high price need short protection? Shareholders don't make more or less on the shares they own until sold, if they sell the price would drop unless there is still strong demand.
I might need to back away for a bit, I think I may be running myself in circles.
Posted by: Inogame at February 01, 2021 03:16 PM (yVv6t)
The questions are unclear.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:19 PM (Zm+LZ)
Posted by: WitchDoktor, off to the great beyond. at February 01, 2021 03:19 PM (C+We0)
RH was supposed to have an IPO soon. That plan is probably on hold.
Posted by: Harry Paratestes at February 01, 2021 03:17 PM (UPoLF)
Doubt that stock offering will be a huge "buy" on WSB.
Posted by: Bete at February 01, 2021 03:19 PM (Ojki1)
Posted by: Cat Ass Trophy at February 01, 2021 03:17 PM (dNzKv)
In Crocs.
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 03:19 PM (Zz0t1)
The damage to the markets generally comes when the plays on the market are leveraged by borrowing without sufficient reserves to pay the piper if the bets go wrong.
Posted by: whig at February 01, 2021 03:19 PM (pO7gM)
Posted by: rickb223 at February 01, 2021 03:16 PM (LwB8i)
Oh, it's one of those things we don't really talk about anymore. During the transition, Biden said he never promised to cancel all student loan debt, and the media was like "yeah, that's true! He never used the word cancel!" and I think he did some EO about refinancing loans when / if they turn back on. (they're all still paused due to the pandemic).
But yeah, clearly not going to be forgiving my student loans any time soon.
Posted by: Harry Paratestes at February 01, 2021 03:19 PM (UPoLF)
Where's the student debt thing at? I honestly haven't heard. Did hear Covid checks MAY be April. LOL.
FWIW, I just heard on Infowars (yeah, I know) that if someone is laid off because of COVID and asked to returned to work, they do not have to go if they feel unsafe. They will still be eligible for unemployment, which, in many cases, will be more than their job paid.
/which has happened to two people I know; unemployment pays more than working.
Posted by: shibumi at February 01, 2021 03:19 PM (tjZg/)
Posted by: Cat Ass Trophy at February 01, 2021 03:19 PM (dNzKv)
"But just this month, the shortest of the year. Gotta keep those black businesses down you know"
Posted by: Christopher R Taylor at February 01, 2021 03:19 PM (KZzsI)
Eh, I could see that work, Highlander does need a remake.
Posted by: Christopher R Taylor at February 01, 2021 03:18 PM (KZzsI)
=========
Considering that both the John Wick movies and the Highlander movies are largely garbage, it seems like a match made in heaven.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:20 PM (LvTSG)
Posted by: AltonJackson
Dallas Gold & Silver Exchange
"We buy gold and silver" shops
Pawn Shops
Posted by: rickb223 at February 01, 2021 03:20 PM (LwB8i)
The Capital siege fortifications will disappear as soon as whatever happens to DJT is done with.
Posted by: Skip at February 01, 2021 03:20 PM (Cxk7w)
Check the cars out in the parking lot, particularly the customizations on the cars in the Reserved spaces.
Posted by: Observer at February 01, 2021 03:20 PM (C+evo)
Posted by: wth at February 01, 2021 03:20 PM (v0R5T)
I think it should have stayed at one movie.
Posted by: WitchDoktor, off to the great beyond. at February 01, 2021 03:20 PM (C+We0)
Posted by: Bete at February 01, 2021 03:19 PM (Ojki1)
It would be ... volatile... for sure.
Posted by: Harry Paratestes at February 01, 2021 03:21 PM (UPoLF)
Posted by: AltonJackson
You can even sell it through the mail.
Posted by: sniffybigtoe at February 01, 2021 03:21 PM (1ISKN)
Alrighty, then. Might as well, I guess.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:21 PM (LvTSG)
Posted by: Harry Paratestes at February 01, 2021 03:17 PM (UPoLF)
I read this morning that is has been put on hold.
Posted by: Inogame at February 01, 2021 03:21 PM (yVv6t)
Yeah no.
Posted by: Jane D'Oh #Impeach Foady Six! at February 01, 2021 03:10 PM (ptqGC)
And last I checked, Youtube is no longer Youtube. It's now called BHM.
Posted by: BurtTC at February 01, 2021 03:21 PM (oQ94s)
As an example, $100 face mixed coins were going for around $2,000 Saturday. Naturally there's some premium involved, but shouldn't be loads.
$100X .715 X 27.15 (spot).
Posted by: MarkY at February 01, 2021 03:21 PM (i022r)
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:14 PM (LvTSG)
He would too, if it wasn't for that meddlin' cop -
oh, and that sudden drop from the 10 floor and all..
Posted by: Boswell at February 01, 2021 03:22 PM (w2LAm)
Posted by: Ziba at February 01, 2021 03:22 PM (S1hrL)
You can even sell it through the mail.
Posted by: sniffybigtoe at February 01, 2021 03:21 PM (1ISKN)
That's not exactly selling when the mail carrier takes it home with him.
Posted by: Sponge - Saying Ashli Babbitt at February 01, 2021 03:22 PM (Zz0t1)
I think it should have stayed at one movie.
Posted by: WitchDoktor, off to the great beyond. at February 01, 2021 03:20 PM (C+We0)
========
Highlander is a neat idea, but executed rather horribly. I've heard the show gets the balance of humor and seriousness right, though.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:22 PM (LvTSG)
Posted by: AltonJackson
You can even sell it through the mail.
Posted by: sniffybigtoe
Most every "big" city will have a place that buys gold & silver.
Posted by: rickb223 at February 01, 2021 03:22 PM (LwB8i)
"permanent occupying army surrounding the capitol" on the 2021 bingo
card, so i guess I didn't completely predict everything.
No shit - I figured they'd be surrounding us. Not themselves.
------
Here's a couple of useful reference terms from the late Roman Empire to reference: bucellarii and bacaudae/bagaudae.
Posted by: exdem13 at February 01, 2021 03:22 PM (W+kMI)
Posted by: Inogame at February 01, 2021 03:21 PM (yVv6t)
Makes sense. That would be the prudent move.
Also, I would lock the CEO in a basement for a month or two and send someone else out to talk to the media who doesn't look like he's recording a hostage video every time he talks.
Posted by: Harry Paratestes at February 01, 2021 03:22 PM (UPoLF)
Why don't those racists want you buying from black-owned businesses the other 11 months?
Posted by: bear with asymmetrical balls at February 01, 2021 03:22 PM (H5knJ)
Posted by: GnuBreed at February 01, 2021 03:11 PM (F0YaR)
Yeah, but most of the theory is crap. The problem they all run into is you end up with a massively abstracted market where ownership is a confusing muddle, and risk impossible to understand. That's what happened with the housing market. They were "providing liquidity" by bundling and reselling mortgages. In the end, no one knew who owned what or how much risk was involved. Really it was a giant skimming operation of by creating churn.
Posted by: WiNO at February 01, 2021 03:23 PM (EpDzw)
Posted by: whig at February 01, 2021 03:19 PM (pO7gM)
Bankruptcy and the difficulty of unwinding various obligations is 90% of the danger the world of finance presents to the real economy. Basically all kinds of important basic contracts like savings and credit cards are run through institutions that might also have entirely unrelated risk exposures.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:23 PM (Zm+LZ)
So, comrade, you wish to invest in this... how you say "oil and natural gas company?" This is wrong think. Here is your approved list of market sectors you may invest in. Your social credit is not so good, ya? You may invest up to 1000 climate credits in:
- Biden Solar Industries
- Xi Sunshine Works and XPhones, LTD
- Amazon Climate Justice Fund
- Harris Electro-Suk Vehicles and Martial Aids
40 percent will be returned to the Government to be redistributed to aggrieved peoples of various genders, race and colors.
Posted by: Martini Farmer - Now a Pirate, Hoisting the Black Flag at February 01, 2021 03:23 PM (3H9h1)
Posted by: REDACTED at February 01, 2021 03:23 PM (zZxh0)
Posted by: G'rump928(c) at February 01, 2021 03:23 PM (yQpMk)
Considering that both the John Wick movies and the Highlander movies are largely garbage, it seems like a match made in heaven.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:20 PM (LvTSG)
Both? So you are OK with one of the three?
Posted by: Bete at February 01, 2021 03:23 PM (Ojki1)
---------
Check the cars out in the parking lot, particularly the customizations on the cars in the Reserved spaces.
Posted by: Observer at February 01, 2021 03:20 PM (C+evo)
If a business sells malt liquor, and/or hair weaves, and/or pirated dvds, it's black owned.
Posted by: BurtTC at February 01, 2021 03:23 PM (oQ94s)
Posted by: Skip at February 01, 2021 03:24 PM (Cxk7w)
- -
The only political thing I ever did was in college, replying to a letter to the editor in the student newspaper where the campus agitator was complaining about that very thing.
I opened up my letter saying that February may be the shortest month in the calendar year, but it's still 28 more days than "White History Month" gets. I also said that if he'd prefer, I'd spot him two days in January or March to make up for it.
I then dismantled his entire thesis about how business owners would prefer slaves over paid employees. Fun times. An Econ professor of mine passed out copies in his class.
Posted by: WitchDoktor, off to the great beyond. at February 01, 2021 03:24 PM (C+We0)
-----------------
Black owned businesses are just an idea.
Posted by: Puddin Head at February 01, 2021 03:24 PM (UQ1wW)
when dey fix a fight, they want it stay fixed
Posted by: REDACTED at February 01, 2021 03:23 PM (zZxh0)
It's a matter of ethics.
Posted by: G'rump928(c) at February 01, 2021 03:24 PM (yQpMk)
Posted by: I used to have a different nic at February 01, 2021 03:24 PM (T7iTv)
Posted by: G'rump928(c) at February 01, 2021 03:23 PM (yQpMk)
=========
He's apparently French, not that you could guess by his voice.
I mostly remember him from Mortal Kombat.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:24 PM (LvTSG)
Why don't those racists want you buying from black-owned businesses the other 11 months?
Posted by: bear with asymmetrical balls at February 01, 2021 03:22 PM (H5knJ)
Or racistly forcing them to open their stores and go to work during a pandemic.
Posted by: Bete at February 01, 2021 03:25 PM (Ojki1)
Posted by: WiNO at February 01, 2021 03:23 PM (EpDzw)
Mortgage backed securities aren't derivatives or leveraged positions, they're basically bonds. The particular issues at play are mostly intrinsic to banking and passing along risk by separating the originator from the investor. It wasn't all that different from a classic savings and loans crisis.
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:25 PM (Zm+LZ)
Posted by: WiNO at February 01, 2021 03:23 PM (EpDzw)
I am kind of close to this position. I think shorting has it's place, but I also think that the market is SO easy to abuse and that there's something deeply unsettling about the idea that hedge funds can coordinate to put a company out of business by trying to destroy the value of their stock through massive shorts & media blitzes telling everyone to get out of a company because it's fucked and all the smart people know it's fucked, and thus creating a self fulfilling prophecy.
Posted by: Harry Paratestes at February 01, 2021 03:26 PM (UPoLF)
just donate to the democrats
Posted by: REDACTED at February 01, 2021 03:26 PM (zZxh0)
Posted by: Harry Paratestes
The guy Musk raked over the coals? Dude is skeevy looking.
Posted by: rickb223 at February 01, 2021 03:26 PM (LwB8i)
Considering that both the John Wick movies and the Highlander movies are largely garbage, it seems like a match made in heaven.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:20 PM (LvTSG)
Both? So you are OK with one of the three?
Posted by: Bete at February 01, 2021 03:23 PM (Ojki1)
==========
I like the first John Wick movie pretty well. The rest is a pain to sit through. If they were just endless action scenes for 100 minutes, that would be one thing. However the sequels are aimless attempts at world building that are pretty much the most boring attempts at storytelling I've seen from an "awesome" movie.
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:26 PM (LvTSG)
ah. an optimist.
Posted by: Comrade Anachronda, behind the Newsom curtain at February 01, 2021 03:27 PM (sGtp+)
He's a French Guy, born in America, and raised in Switzerland.
It's probably a miracle he can speak at all.
Posted by: G'rump928(c) at February 01, 2021 03:27 PM (yQpMk)
Posted by: Harry Paratestes at February 01, 2021 03:28 PM (UPoLF)
Posted by: rickb223 at February 01, 2021 03:16 PM (LwB8i)
Oh, it's one of those things we don't really talk about anymore. During the transition, Biden said he never promised to cancel all student loan debt, and the media was like "yeah, that's true! He never used the word cancel!" and I think he did some EO about refinancing loans when / if they turn back on. (they're all still paused due to the pandemic).
--------
Somebody may want to remind the Obummer retreads standing behind the old man puppet in the Oval Office that weasel-wording their way out of campaign promises/donatives is no way to build support with the masses/legions. Just sayin'.
Posted by: exdem13 at February 01, 2021 03:28 PM (W+kMI)
Posted by: AltonJackson at February 01, 2021 03:28 PM (GvddH)
Posted by: Red Turban Someguy - The Republic is Already Dead at February 01, 2021 03:23 PM (Zm+LZ)
And that's why banks and insurance companies were generally prevented from participating in anything exotic. If Cohen wants to blow his billions, fine. You don't get to play with people's saving accounts and get bailed out when you make a mistake.
Posted by: WiNO at February 01, 2021 03:28 PM (EpDzw)
Posted by: Joe XiDen at February 01, 2021 03:29 PM (hJYXR)
We took in the meaning of the day, the vulnerability of democracy, the power of ritual, traditions and the peaceful transition of power.
We talked about gender and the possible meanings of the attire chosen by Vice President Kamala Harris, Dr. Jill Biden, the Biden grandchildren, Michelle Obama, Amanda Gorman and others. We referenced the female warriors inspiring these women, the colors of their educational degrees and their monochromatic ensembles of pure power.
And there, across all of our news and social media feeds, was Bernie: Bernie memes, Bernie sweatshirts, endless love for Bernie. I puzzled and fumed as an individual as I strove to be my best possible teacher. What did I see? What did I think my students should see? A wealthy, incredibly well-educated and -privileged white man, showing up for perhaps the most important ritual of the decade, in a puffy jacket and huge mittens.
Posted by: Cat Ass Trophy at February 01, 2021 03:29 PM (dNzKv)
RWB knows.
Posted by: Brother Tim sez: Time to sign on with the Crimson Permanent Assurance at February 01, 2021 03:30 PM (OUMaO)
I totally agree. Taleb in his Black Swan book touched on this situation.
Posted by: whig at February 01, 2021 03:30 PM (pO7gM)
Citadel is reportedly long on silver fwiw. Not short. From reading the WSB posts, it is not those folks driving this and the supposed play is an ETF, not physical silver.
Posted by: whig at February 01, 2021 03:33 PM (pO7gM)
........
I didn't budget for hookers and blow this month.
Posted by: wth at February 01, 2021 03:33 PM (v0R5T)
Posted by: Mika S. Otter at February 01, 2021 03:35 PM (DMUuz)
Posted by: TheJamesMadison, paying for my sins on the Scorsese streets at February 01, 2021 03:20 PM (LvTSG)
BURN THE HERETIC!!!
Posted by: Helena Handbasket at February 01, 2021 03:35 PM (l2tj9)
Yes. My husband has been saying that for a couple of months now.
Posted by: Ziba at February 01, 2021 03:11 PM (S1hrL)
Time to emulate the Irish monasteries in the last Dark Ages, who preserved the great works of the past so they would be available to future generations. (Remember that best-selling book, How the Irish Saved Civilization, back when that was considered a good thing?) This is why you should try to keep some hard copies (not just digital downloads or whatever) of your favorite books, movies, albums, etc. When the power goes out, you won't be able to access that streaming service or cloud drive.
Posted by: Catoi at February 01, 2021 03:36 PM (viged)
Posted by: Ziba at February 01, 2021 03:22 PM (S1hrL)
There's a BBQ place by me, but that might be racist anyway.
Posted by: Roland THTG at February 01, 2021 03:37 PM (88+cf)
DOW up _0.86%
NASDAQ up _2.59%
S&P 500 up _1.66%
Posted by: Braenyard, Patriot dog at February 01, 2021 03:38 PM (nDTNp)
considered a good thing?) ..........
Posted by: Catoi at February 01, 2021 03:36 PM (viged)
I thought that was about the whisky.
Posted by: Roland THTG at February 01, 2021 03:39 PM (88+cf)
Posted by: x4 at February 01, 2021 02:17 PM (0tE/i)
THIS! Constitutes sufficient probable cause to believe a gentlemen's agreement exists among the big players to not take advantage of a fellow short player's reckless position. Of the many revelations of this episode, this revelation is one of the most enlightening.
Posted by: Mr. Barky at February 01, 2021 03:40 PM (hKi6n)
No, they're not.
They ARE billionaire's excess money given to some little fucktard to gamble with on the stock market, and, as it turns out, they just demonstrated that it isn't really "gambling" when their position is backed up by the house.
Posted by: deadrody at February 01, 2021 03:51 PM (V9901)
considered a good thing?) ..........
Posted by: Catoi at February 01, 2021 03:36 PM (viged)
I thought that was about the whisky.
Posted by: Roland THTG at February 01, 2021 03:39 PM (88+cf)
No, those were the Scots.
Posted by: Catoi at February 01, 2021 03:52 PM (viged)
It is not moral for you to buy fire insurance on my house, because you might burn it down to profit.
It is nor moral for you to buy life insurance on a stranger, because you might kill him for profit.
Similarly, it is not moral to bet against someone else's business and then act to destroy it for profit.
Thankfully, the moral concept of insurable interest was considered in the evolution of insurance law. Evidently not so in the law concerning stock trading. Maybe it time to do so.
Posted by: Bill Lever at February 01, 2021 04:01 PM (l0cIL)
Posted by: torabora at February 01, 2021 04:06 PM (C4Zuc)
Though it is funny to see them complain about stock market rumormongers, which is of course SO different from what journalisming is. I guess it's superior in that the Wall Street sharps at least expect to be compensated in money, instead of social-media bragging rights for 1 week.
Hail Ants
Posted by: Swamposphere at February 01, 2021 04:10 PM (2tNBH)
Meanwhile, the concept of saving money is almost completely lost, and instead everyone is driven into the world of being a gambler. Or worse, they lose all concept of the value of money. In a myriad of ways
Posted by: BurtTC at February
So just because I may choose to put my money in a bank to get a piddling 1-2% puts it at the same level as me buying stock in a company, supporting that company, and then having some money manager lend my stock out to his asshole buddy (probably for a kickback) so he can screw my investment.
Totally the same. You have no sense of ethics.
Posted by: Loki at February 01, 2021 04:11 PM (KqiMr)
Thank you for that.
I'm mostly here for the snark.
But occasionally I learn something.
To your point.There was a flurry of activity over 'janitor's' insurance a decade ago? Corporation buys insurance on replaceable workers lives.
It was unseemly because the janitors family didn't get the proceeds the corporation did.
What happened to that?
Posted by: torabora at February 01, 2021 04:11 PM (C4Zuc)
Posted by: torabora at February 01, 2021 04:14 PM (C4Zuc)
Posted by: x4
What makes you think they're not?
Posted by: MarkY at February 01, 2021 02:17 PM (i022r)
I saw a claim with evidence that a half dozen had done just that.
Posted by: Oldcat at February 01, 2021 04:21 PM (eoQWY)
Though it is funny to see them complain about stock market rumormongers, which is of course SO different from what journalisming is. I guess it's superior in that the Wall Street sharps at least expect to be compensated in money, instead of social-media bragging rights for 1 week.
Hail Ants
Posted by: Swamposphere at February 01, 2021 04:10 PM (2tNBH)
Even in cartoon terms, the Hedge funders are bad guys. Their acts remove money from the pockets of the original investors, and if successful at driving the company under will lose jobs all across the nation.
Their opponents, even in the worst case, just give money so that GameStop can try and right its business model. Screwing over the sharks is just a bonus.
Posted by: Oldcat at February 01, 2021 04:23 PM (eoQWY)
Robinhood was backed by citadel. Why? Robinhood takes the information on your trades, and passes it off to citadel, so they can make the same trades slightly faster than you. It is called "front running". It should be more accurately called "stealing." They use you trades to manipulate things to their advantage. Gamestop screwed with this formula - and started costing Citadel a LOT of money. hence they yanked the chain of Robinhood.
Posted by: Inspector kemp at February 01, 2021 05:12 PM (EwPKb)
Posted by: Inspector kemp at February 01, 2021 05:13 PM (EwPKb)
Posted by: Inspector kemp at February 01, 2021 05:16 PM (EwPKb)
Posted by: Inspector kemp at February 01, 2021 05:18 PM (EwPKb)
Posted by: Jack Squat Bupkis at February 01, 2021 07:51 PM (0V/8D)
Posted by: Jack Squat Bupkis at February 01, 2021 07:53 PM (0V/8D)
I see what you did there.
Posted by: Yankee Doodler at February 02, 2021 09:42 AM (1G7pn)
This hedgefund tried to destroy a company to line their pockets. Let's not mince words that's what shortselling is. The other guys fucked them over when they tried to make bank and now the billionaires who tried to destroy hundreds if not thousands of jobs are going broke!
Posted by: Ben(the original) at February 02, 2021 12:46 PM (ZsJvP)
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