f7ben Posted January 29, 2021 Share Posted January 29, 2021 3 minutes ago, Snake said: 2 weeks into the Biden presidency and look..... The market is a massive bubble and it was made that way under Trump ...that’s a fact Quote Link to comment Share on other sites More sharing options...
Snake Posted January 29, 2021 Share Posted January 29, 2021 5 minutes ago, f7ben said: The market is a massive bubble and it was made that way under Trump ...that’s a fact No, no..... this is Biden's market now... Quote Link to comment Share on other sites More sharing options...
Fireball 440 Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, Snake said: No, no..... this is Biden's market now... It stinks of failure. Another EO in the works. Quote Link to comment Share on other sites More sharing options...
f7ben Posted January 29, 2021 Share Posted January 29, 2021 24 minutes ago, Snake said: No, no..... this is Biden's market now... Absolutely.....and it’s manipulated trash under him as well Quote Link to comment Share on other sites More sharing options...
CFM Posted January 29, 2021 Share Posted January 29, 2021 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 29, 2021 Share Posted January 29, 2021 10 hours ago, XC.Morrison said: 100% wrong. is that really a surprise Quote Link to comment Share on other sites More sharing options...
CFM Posted January 29, 2021 Share Posted January 29, 2021 10 hours ago, XC.Morrison said: 100% wrong. Okay. Thanks. Her stance was reported incorrectly at the time I typed that. I edited my post. :thumbsup Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, f7ben said: The market is a massive bubble and it was made that way under Trump ...that’s a fact started under Obie, continued under trump and now biden. it's just a game, one you are better of playing for long term wealth than just about anything else for the average person. Quote Link to comment Share on other sites More sharing options...
f7ben Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, Angry ginger said: started under Obie, continued under trump and now biden. it's just a game, one you are better of playing for long term wealth than just about anything else for the average person. Long term investing in a Ponzi scheme is still investing in a Ponzi scheme Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, f7ben said: Long term investing in a Ponzi scheme is still investing in a Ponzi scheme 100 years of history shows it's the best way to accumulate wealth. 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted January 29, 2021 Share Posted January 29, 2021 3 minutes ago, Angry ginger said: 100 years of history shows it's the best way to accumulate wealth. It’s not investing anymore. It’s nothing more than gambling on stimulus Quote Link to comment Share on other sites More sharing options...
snoughnut Posted January 29, 2021 Share Posted January 29, 2021 Quote Link to comment Share on other sites More sharing options...
Matt Posted January 29, 2021 Share Posted January 29, 2021 2 Quote Link to comment Share on other sites More sharing options...
revkevsdi Posted January 29, 2021 Share Posted January 29, 2021 I think it’s funny that Redditors are fucking with hedge funds. I think people would be naive to think that their actions inadvertently made over wealthy stock manipulators rich. I’m sure some people were watching this, bought into the trend and made huge profits. Correct me if I’m wrong but doesn’t this create and even bigger opportunity for short sellers? Once the Reddit crowd find another shiny object and GameStop goes into free fall? Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 29, 2021 Gold Member Share Posted January 29, 2021 (edited) Reddit and Facebook took down these channels that was used on this hedge fund/GameStop thing.... “violated terms of service” is the reason. These average Joe’s just lost their communication channel. Edited January 29, 2021 by BOHICA Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 29, 2021 Share Posted January 29, 2021 2 hours ago, CFM said: Okay. Thanks. Her stance was reported incorrectly at the time I typed that. I edited my post. :thumbsup Gotcha. Pardon my defensiveness. I’m known for being a bit of a Warren zealot who enjoys a refreshing cup of billionaire tears on occasion. Quote Link to comment Share on other sites More sharing options...
CFM Posted January 29, 2021 Share Posted January 29, 2021 18 hours ago, CFM said: Elizabeth warren stated she’s on the hedge fund managers’ side on this issue. Lolol I absolutely can’t stand Warren. But mistruths are mistruths. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 29, 2021 Share Posted January 29, 2021 12 minutes ago, XC.Morrison said: Gotcha. Pardon my defensiveness. I’m known for being a bit of a Warren zealot who enjoys a refreshing cup of billionaire tears on occasion. Warren is well intentioned but her CFPB baby had shitty execution. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted January 29, 2021 Author Share Posted January 29, 2021 2 hours ago, revkevsdi said: I think it’s funny that Redditors are fucking with hedge funds. I think people would be naive to think that their actions inadvertently made over wealthy stock manipulators rich. I’m sure some people were watching this, bought into the trend and made huge profits. Correct me if I’m wrong but doesn’t this create and even bigger opportunity for short sellers? Once the Reddit crowd find another shiny object and GameStop goes into free fall? Yes, but short options are going for 60-80% of current stock values. Basically, people with short positions who got the stocks at $20 are getting kicked in the teeth any way you look at it. Eventually they need to deliver those stocks back to who they "borrowed" them from. That will only further drive the price, fueling the short squeeze. Quote Link to comment Share on other sites More sharing options...
XC.Morrison Posted January 29, 2021 Share Posted January 29, 2021 25 minutes ago, Angry ginger said: Warren is well intentioned but her CFPB baby had shitty execution. It’s got it’s critics, I suppose. Most of the criticism seems to center around the agency being too aggressive and enjoying too much independence from oversight. I know you’re in the banking and lending business so I don’t know to what extent you may have experienced it’s impacts. I know she really wanted to serve as director but pretty much got blocked by the top Democratic brass. Quote Link to comment Share on other sites More sharing options...
JEFF Posted January 29, 2021 Share Posted January 29, 2021 3 hours ago, revkevsdi said: I think it’s funny that Redditors are fucking with hedge funds. I think people would be naive to think that their actions inadvertently made over wealthy stock manipulators rich. I’m sure some people were watching this, bought into the trend and made huge profits. Correct me if I’m wrong but doesn’t this create and even bigger opportunity for short sellers? Once the Reddit crowd find another shiny object and GameStop goes into free fall? It is (was) about 140% shorted. Meaning there isn't enough stocks in float to cover the shorts. Quote Link to comment Share on other sites More sharing options...
f7ben Posted January 29, 2021 Share Posted January 29, 2021 26 minutes ago, JEFF said: It is (was) about 140% shorted. Meaning there isn't enough stocks in float to cover the shorts. Most of that was probably through options Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 29, 2021 Share Posted January 29, 2021 (edited) 9 hours ago, XC.Morrison said: It’s got it’s critics, I suppose. Most of the criticism seems to center around the agency being too aggressive and enjoying too much independence from oversight. I know you’re in the banking and lending business so I don’t know to what extent you may have experienced it’s impacts. I know she really wanted to serve as director but pretty much got blocked by the top Democratic brass. as i said the intentions were good, execution was terrible with rules that made no sense and many that didn't truly help consumers. Some input by the industry could have made it palatable for all but academics don't really understand nuances. The lack of oversight and selective enforcement while refusing to issue clear guidelines was terrible. You could literally ask them if this was OK or not and they would refuse to tell you and just decide when they felt like fucking with you. That is not the way to run a regulatory agency. Edited January 30, 2021 by Angry ginger Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted January 29, 2021 Share Posted January 29, 2021 Just bought another 2000 shares of AMC fucking roller coaster, went to lunch at 13.70 came back and bought at an average of 12. Quote Link to comment Share on other sites More sharing options...
Snake Posted January 29, 2021 Share Posted January 29, 2021 2 hours ago, XC.Morrison said: Ha. Ha ha. BWAHAHAHAHA!!!!!! Quote Link to comment Share on other sites More sharing options...
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