GameStop WallStreet scandal. - Page 3

Ye, if all goes well I will be back in on Monday too, lets go :D

On January 29 2021 20:22 Jelle wrote: Low Energy Jeb is the best one by far

imagine destroying a political family and $100 million campaign with an adjective

Explained by wall street expert and congresswoman what happened

https://youtu.be/gyvTZeN4EDQ

AOC is great at times (pretty tragic at others) and yeah, go Women power! but probably a better way to spend your time is watching Alex Wice's Twitch stream covering AOC's stream (search alexwice on Twitch). I don't know why I'm giving away secrets like this but we need a new decentralized financial system instead of reform for the corrupt, fraudulent piece of shit central banking system we currently have. I think AOC generally means well and is a smart person but everyone succumbs to the Swamp eventually. AOC is stuck in a lib reform cheerleader role and that's all she can really be at this point and I doubt she will give it up. A small part of AOC would like to scale up her Movado watch to a Nancy Pelosi Patek Phillipe which ironically Alex Wice (the "good guy" in my narrative) sports a baller Patek Phillipe in his Twitch stream so the whole thing is complicated. It's not like I'm 100% the good guy either as I am all-in on Crypto and have bills to pay. So, if you invest in Crypto you WILL get rich and it's probably the right thing to do. But, "the right thing to do" is complicated and may always incur adverse effects. So, it's tough to just broadly say Crypto is "the right thing to do." Was the Internet "the right thing to do"? I don't know it just sort of happened with positive traits and negative traits. It is more so just impending Technology. All we can really do is ride the wave and make good choices and go down the right paths. There is something pristine about a well-crafted wooden sailboat but wood rots and it is difficult to make. Why would anyone choose to make a wooden sailboat instead of a fiberglass and aluminum sailboat? I don't even think this is the best example because there is a pristine nostalgia for the wooden sailboat. There is nothing pristine about our current financial systems. Anyone with nostalgia is a ruling neo-liberal overlord that was enriched by the system. Will people say the same about Crypto someday? I think it's a possibility. I have no idea how many outs Fully Automated Luxury Gay Space Communism has and the thing about that is even less outs are anything close to "Utopian." Maybe half or even more than half of the outcomes could actually be Dystopian. The Universe is complicated. This block of text could get even more complicated if I go into the question of if I should even be following AWice whose on the surface motives are to buy Patek Philippe watches and "one up Dan Bilzerian?"

Meh, people are typically experts in few things. Alex Wice's sharpness in Crypto, Mathematics, Computer Programming, Gambling are probably a detriment to other things but not always. I think I lean towards Fully Automated Luxury Gay Space Communism more than many in the Crypto community and that's ok. At this point it should be almost universal that Crypto is better than status quo and we are probably headed for Hyperbitcoinization anyways so let's fucking go!

Jeez man thatsba lot of stuff in there rikd.

I never listened to her before. This is first time I saw her even. Whatever they were saying I agree with so I posted it

On January 30 2021 00:15 ggplz wrote: I traded gamestop today, made $40/share but the volume dropped due to restrictions and i was out No fuckin shot I hold this over the weekend on the $260 dip with the suspicions of robinhood maybe going busto or SEC stepping in

continued convo from RiKD's blog (they banned that account)

yeah seems like they were just existing short-sell positions on the stock.

call options were just a primary vehicle that the original wsb kids used to attack the shorts.

It's fun watching the hypocritical posturing on both sides as the hedge fund guys try to say they’re the victims, and the yolo WSB crowd out to try to game the system for a buck try to justify stock manipulation as a rebellious act. All while being used to advance the agenda of opportunistic and scary political figures like AOC and her "tax the rich" (I think she means eat the rich) mantra. Anyway made a few bucks on AMC so keep the fight going. I'll keep buying support and selling into strenght.

Also if you haven't you should watch both the Webull CEO and the Robinhood CEO (co founder?) talking about the issue. It's obvious the latter is fucked and is trying to minimize losses by lying, seeing how the former is being so much more open about what really happened.

On January 30 2021 20:16 locoo wrote: It's fun watching the hypocritical posturing on both sides as the hedge fund guys try to say they’re the victims, and the yolo WSB crowd out to try to game the system for a buck try to justify stock manipulation as a rebellious act. All while being used to advance the agenda of opportunistic and scary political figures like AOC and her "tax the rich" (I think she means eat the rich) mantra. Anyway made a few bucks on AMC so keep the fight going. I'll keep buying support and selling into strenght. Also if you haven't you should watch both the Webull CEO and the Robinhood CEO (co founder?) talking about the issue. It's obvious the latter is fucked and is trying to minimize losses by lying, seeing how the former is being so much more open about what really happened.

I had a solid 5-bagger with AMC, but didn't fire that hard so wasn't really that amazing.

Been just watching from the sidelines since then not really sure whats the best move.

yeah hedge fans don't play with their own money. it's most likely pensions and private investors as well.

internet trying to describe institutional investors like it's just Soros pressing the enter key

Fund managers get paid win/lose. Worst that can happen is that they lose their jobs, cred takes a hit when the fund underperforms.

r/wallstreetbets - The Real Reason Wall Street Is Terrified Of The GME Situation

Everything is interconnected. Janet Yellen doesn't make $800,000+ giving short speeches to Citadel hedge fund if she does not allow them to manipulate and maneuver anything they like at will. Janet will probably end up as chairman of Citadel in 8 years if she does a good job for THEM not US you watch. Or, everyone HODLs and maybe we blow up a failing system. The neo-cartel mobster scenarios have evolved and are at an all time high they are just astutely covered up by corporate media. They provide us with avatars and public relations and subtle memes. We must win the meme war.

I haven't read it in a while but Meme Wars: The Creative Destruction of Neoclassical Economics by AdBusters and Kalle Lasn is probably relevant.

One big idea is that neoclassical economics is just an idea. There is a difference between Milton Friedman and the Chicago School espousing on economics versus Isaac Newton discovering physics and calculus. In academia, economics can be an "art" or a "science" but is typically just bullshit controlled and approved to enrich the neoliberal establishment. Hopefully, Stroggoz can chime in as he actually studies this stuff seriously.

Ya, I don't want to fearmonger on that level because I think it could simply be a legit shitty position for the shorts. Never heard of counterfeit shares, I will read that link. I really suspect next week we could have a 10 day suspension of trading followed by a longer investigation period with assets frozen, having the SEC step in or even a Robinhood bankruptcy. Some shit is gonna go down, which could also simply be full trading resumes and all current big shorts get fucked then there's a massive selloff. But I don't think it'll be that in the end! Hard to say.

Hmmm,

The more I read and think about it risking $300/share to win $10,000/share is a tempting bet. My Fidelity account is now locked and loaded. Do I want to meekly buy 1 share or boldly buy 15?

If I figured the odds to be 1 in 10 then I figure it's time to pile the money in there. Losing x% of 15 shares really doesn't have much effect on my life while winning 500 shares definitely does. I think it's fair to say that this is a once in a lifetime opportunity. The problem is I don't think I have the diamond hands to HODL properly in that scenario. I did in 2009 but I also busted a $100k poker account in 2009. I remember listening to an interview with Tom Dwan in probably 2008 about how he built his bankroll and risking large portions of his bankroll in good games. He said something like, "Yeah, I mean when I lose I'm kind of sad but it's not like I get sick and die or anything like that." I was thinking "Hero." I have found for me though it's tough to always stay rational in those situations. It is difficult to ever know ones' actual edge in a situation. Losing that money that fast actually had a greater effect on me than I thought it would. Plus, I am not an experienced stock trader. In reality, I have no idea what the odds are to risk $300/share to win $10,000/share on GME.

The FEAR would be all the tricks the hedge funds have up their sleeves. The biggest FEAR perhaps is that we bust the hedge funds AND the brokers. Then what?

I think the best places to have your money at this point are Fidelity, Vanguard, and Diamond Hands. It seems like everywhere is beholden to Citadel so that is concerning but just like signing Terms of Service what can you fucking do?

What if we collectively stopped signing Terms of Service and started to liquidate and then eat hedge fund managers, corporate lawyers, corporate advertisers, corporate establishment politicians, etc. in minecraft?

I am not an investment advisor. I am simply an ape that occasionally bathes and that likes the stock.

What I dont understand is what is the issue of other hedge funds joining the reddit longing fun and then dumping on everyone with massive profits and opening shorts from giga high price

On January 30 2021 20:16 locoo wrote: It's fun watching the hypocritical posturing on both sides as the hedge fund guys try to say they’re the victims, and the yolo WSB crowd out to try to game the system for a buck try to justify stock manipulation as a rebellious act. All while being used to advance the agenda of opportunistic and scary political figures like AOC and her "tax the rich" (I think she means eat the rich) mantra. Anyway made a few bucks on AMC so keep the fight going. I'll keep buying support and selling into strenght. Also if you haven't you should watch both the Webull CEO and the Robinhood CEO (co founder?) talking about the issue. It's obvious the latter is fucked and is trying to minimize losses by lying, seeing how the former is being so much more open about what really happened.

Fuck hedge funds shorting 140% of a company (how is that even possible?) pressuring the company to go bankrupt so they don't even have to pay the stock loans on their shorts, also fuck them for crying about manipulating when its precisely their butter and bread, but I agree that a very sad outcome of this is the strenghtening of opportunistic and dangerous figures like AOC.

On January 29 2021 09:31 Santafairy wrote: people are trying to buy the stock at the listed value if people are buying the stock they shouldn't need to post anything more than the stock's value in collateral, which is from actual money in the accounts of the small traders that use their service so why wouldn't they have that money right? that is an excuse... even ftp had more money on hand... >a million people deposit $200 into FTP >howard lederer deposits $100 million >play $1/$2 with howard lederer >"Due to the volatility of Howard Lederer's play, we are temporarily suspending winning pots vs him. You can only lose pots and fold your hand." well this makes sense, if i play a pot with howard lederer ftp has to have the money after all...

Robinhood's accounts are margin and not cash, I don't know the reason for this but these account require a Dodd-Frank mandated collateral that Robinhood did not have in their books so they were forced to close this.

I could be very well by design, or not. but the new york stock exchange along with Nasdaq were talking about closing trading the stock so, if you think me saying this somehow makes me a wallstreet apologist or something of the sort like the idiot RikD does then you'd be mistaken, I'm pretty aware that they are trying to stop the losses in very shitty ways and I'm very happy of seeing them bleed, in fact I want them to bleed much more.

On January 31 2021 21:20 Spitfiree wrote: What I dont understand is what is the issue of other hedge funds joining the reddit longing fun and then dumping on everyone with massive profits and opening shorts from giga high price

I am almost certain this is happening unless they were all short on GME at $3 with Melvin. Are there unwritten rules that you can't fuck over certain hedge funds?

I mean as far as I know the hedge fund code is to fuck over anyone at any cost if it is at the acceptable ROI but maybe "anyone" really means any retail investor.

Maybe, it is similar to the high roller poker tournaments where most entrants are backed by the same guy(s) and everyone has pieces of each other. I can't really blame Haralabob for getting as much action as he could. The difference is that if Haralabob gets buried it's not like Joe Biden or the Fed are going to bail him out. Also, swapping pieces with similarly skilled players in big tournaments is typically the most +EV decision. Btw, if Fedor Holz or Phil Ivey are offering to swap in a $1 million, well structured NLHE MTT at 1 to 1: First, I blink. Then I ask them politely if they plan on getting sick, injured, or dying in the next week. Then I swap as much as possible.

Then there is the poor sap CEO from Monaco who has never played poker before but agrees to play the One Drop because Guy has a video of him deep throating a well-endowed trans woman at one of his secret parties. No, I keed, I keed. From my experiences Guy is an amazing person. I looked up to see what the hell he is doing now. Seems like he is just spending time on the One Drop Foundation and cultivating cannabis on his personal island in Tahiti. Now, you never fucking know what is going on with charities and it isn't impossible that there is sex trafficking of minors at his secret parties especially on his secret island but he is a Legend in my books.

With the hedge fund guys, they all have videos of each other getting ass pounded by Jeffrey Epstein in a goat mask at the Bohemian Grove. This is not a joke.

On February 01 2021 01:40 Baalim wrote: Show nested quote + On January 29 2021 09:31 Santafairy wrote: people are trying to buy the stock at the listed value if people are buying the stock they shouldn't need to post anything more than the stock's value in collateral, which is from actual money in the accounts of the small traders that use their service so why wouldn't they have that money right? that is an excuse... even ftp had more money on hand... >a million people deposit $200 into FTP >howard lederer deposits $100 million >play $1/$2 with howard lederer >"Due to the volatility of Howard Lederer's play, we are temporarily suspending winning pots vs him. You can only lose pots and fold your hand." well this makes sense, if i play a pot with howard lederer ftp has to have the money after all... Robinhood's accounts are margin and not cash, I don't know the reason for this but these account require a Dodd-Frank mandated collateral that Robinhood did not have in their books so they were forced to close this. I could be very well by design, or not. but the new york stock exchange along with Nasdaq were talking about closing trading the stock so, if you think me saying this somehow makes me a wallstreet apologist or something of the sort like the idiot RikD does then you'd be mistaken, I'm pretty aware that they are trying to stop the losses in very shitty ways and I'm very happy of seeing them bleed, in fact I want them to bleed much more.

I literally just read the opposite that half were cash accounts

But it may have been another platform

On February 01 2021 01:40 Baalim wrote: Show nested quote + On January 29 2021 09:31 Santafairy wrote: people are trying to buy the stock at the listed value if people are buying the stock they shouldn't need to post anything more than the stock's value in collateral, which is from actual money in the accounts of the small traders that use their service so why wouldn't they have that money right? that is an excuse... even ftp had more money on hand... >a million people deposit $200 into FTP >howard lederer deposits $100 million >play $1/$2 with howard lederer >"Due to the volatility of Howard Lederer's play, we are temporarily suspending winning pots vs him. You can only lose pots and fold your hand." well this makes sense, if i play a pot with howard lederer ftp has to have the money after all... Robinhood's accounts are margin and not cash, I don't know the reason for this but these account require a Dodd-Frank mandated collateral that Robinhood did not have in their books so they were forced to close this. I could be very well by design, or not. but the new york stock exchange along with Nasdaq were talking about closing trading the stock so, if you think me saying this somehow makes me a wallstreet apologist or something of the sort like the idiot RikD does then you'd be mistaken, I'm pretty aware that they are trying to stop the losses in very shitty ways and I'm very happy of seeing them bleed, in fact I want them to bleed much more.

Apparently Robinhood blocking trading with GME was because Dodd-Frank regulations require them to post collateral since the money is settled 48h after the trades.??The collateral ammount is calculated through the greek indicators, so if a stock has a 99% of staying within certain margin they post a collateral multiplied by that 1%, but now the volume and the volatility were greatly increased so basically Robinhood would have had to post like 10% of collateral for every buy on GME by law, so they stopped the buys from it.??So it appears that this block isn't as machiavellian as it seemed before, but its still a big hit on wallstreet cred.

If you have a source/sources for this I am perfectly happy to eat shit, etc.

Why didn't the Chairman of Interactive Brokers or the CEO of Robinhood spin that information in a positive way when they went on their big tv appearances?

Why didn't they at least make an attempt?

Also:

Honestly, I thought it would be funny to call you a bootlicker. Maybe that was unfair.

So, you are not a Wall Street apologist (at least in this case). I did not know that. That is good to know.

You are or were a Stephen Molyneux apologist. You've never really clarified that position. Maybe that is not relevant to this thread...

But:

I thought you were "Free Market" Ride or Die?

I agree with you that AOC is problematic, the hedge funds are problematic, the SEC is problematic, the corruption and cronyism is problematic, etc. I am surprised though that you are coming down so hard on the hedge funds. Ok, I get it. Elon Tusk builds great EVs and rockets. Jeff Bozos makes it simple to buy just about anything at cheap prices. Bill Ivey provides entertainment for Andy Beal, Guy Laliberte, and rando pumped up Chinese maniacs. Are they THAT much different than the hedge funds?

How would you refute my position that most or all corporations are essentially totalitarian regimes?

lol