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re: So I bought some Gamestop(GME)

Posted on 1/29/21 at 7:45 am to
Posted by slackster
Houston
Member since Mar 2009
85490 posts
Posted on 1/29/21 at 7:45 am to
quote:

wrong. The squeeze hasn’t started


sure. Tell yourself whatever you want but it’s inaccurate.

Retail investors can’t buy and the stock falls 40%. Retail can buy today and it’s up 75% per market. Ignoring that is asinine.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 1/29/21 at 7:45 am to
quote:

I’m not trying to defend RH,


Doesn’t really matter what you are trying to do, you just lost all of your credibility saying covering shorts is over.
Posted by slackster
Houston
Member since Mar 2009
85490 posts
Posted on 1/29/21 at 7:47 am to
quote:

NOK and BB did not have float issue with shorts

it's an absolute lie



Oh lord, “float”. The investing word of 2020.

It’s about a lot more than float rocket.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 1/29/21 at 7:47 am to
quote:

Retail investors can’t buy and the stock falls 40%. Retail can buy today and it’s up 75% per market. Ignoring that is asinine.


You seriously have no idea what you are talking about. I can go through a myriad of reasons why you are wrong but I just won’t because you choose to be oblivious.
Posted by Hussss
Living the Dream
Member since Oct 2016
6767 posts
Posted on 1/29/21 at 7:48 am to
YEP. You nailed it. “Float” doesn’t matter as they almost shorted the entire float by 2-3X
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425871 posts
Posted on 1/29/21 at 7:49 am to
quote:

CNBC has a banner that seriously says

THE FUTURE OF CAPITALISM
REDDIT REBELLION VS WALL ST

I cannot even fathom the audacity.

well the trading system has been built in a particular paradigm, and this whole move threatens that paradigm. the system isn't built for this kind of mass action. their mistake is calling their crony capitalism actual capitalism.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425871 posts
Posted on 1/29/21 at 7:50 am to
quote:

When one side controls all the levers in an attempt to save their own asses, is it really capitalism?

no

it's also not capitalism when they have laws written to help them and exclude others as a form of protectionism
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
35750 posts
Posted on 1/29/21 at 7:51 am to
Slo I’m scared
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/29/21 at 7:52 am to
quote:

about a lot more than float rocket.



sure for GME what you said is most likely true but RH also cut off buying to stocks which were characteristically much different than GME, that's where the situation gets messy and the complete truth is still untold
This post was edited on 1/29/21 at 7:53 am
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 1/29/21 at 7:52 am to
quote:

slackster


Are we really going to pretend that the only reason there is a liquidity problem is something other than Wall Street allowing a stock to be sold short 140%

The problem I have with what RH is allowed to do is it will soften the complete and utter destruction of everyone involved in this. No lessons will be learned.

The market they created, isn’t allowed to destroy them, only us. And the hedge fund shite stains will close their doors and reopen next week under a new Delaware LLC to start their process of fricking with the market again without consequences.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425871 posts
Posted on 1/29/21 at 7:53 am to
quote:

if it were true, why did they not allow buying of shares in BB, AMC, NOK etc?


they're responding to something not built into their risk models and the system at large. they're going to over-respond b/c they have no real way to combat the next mass/online "pump and pump" scheme. this is something that has literally never been conceived by all the parties involved and they're freaking out b/c this system relies on a very large amount of certainty (which is very ironic and shows you how they've built a corrupt system)
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
66191 posts
Posted on 1/29/21 at 7:53 am to

No slam, but can you correlate personal injury litigation in a way? Simply, settling suits based on precedent just to make it go away?

That's how we can view Wall St. Just accept their status quo
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/29/21 at 7:54 am to
quote:

they're going to over-respond b/c they have no real way to combat the next mass/online "pump and pump" scheme


yup confirmation that you're completely clueless

go back to the ot
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 1/29/21 at 7:54 am to
quote:

Are we really going to pretend that the only reason there is a liquidity problem is something other than Wall Street allowing a stock to be sold short 140%


Slackster trying to talk fundamentals and ignores the very basic, fundamental reason on why there was a significant price drop yesterday.
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 1/29/21 at 7:55 am to
I don’t see any of the talking heads on TV asking why a stock was allowed to be shorted 140%.

If the stock isn’t shorted 140% then the “pump and dump” doesn’t work.

But as usual they pick their enemy that fits the agenda and it’s full steam ahead.
Posted by LSURep864
Moscow, Idaho
Member since Nov 2007
10973 posts
Posted on 1/29/21 at 7:55 am to
quote:

Yesterday and today made one thing abundantly clear - the short covering is over. The only people buying GME are retail investors, and the only people selling it are retail investors. The next few days are just going to decide who is left with the bag. The run on shorts is over..





THE MOST FALSE STATEMENT EVER FACTS RIGHT HERE
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425871 posts
Posted on 1/29/21 at 7:56 am to
quote:

Slo I’m scared

it's ok buddy

i expect lots of bullshite against people and Wall Street protectionism

then the question is how does this unite people and how? this could be a major socio-political moment
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
425871 posts
Posted on 1/29/21 at 7:57 am to
quote:

No slam, but can you correlate personal injury litigation in a way? Simply, settling suits based on precedent just to make it go away?

which party? it's not really like lawsuit/settlement b/c neither side is agreeing to shite right now

Posted by LSURep864
Moscow, Idaho
Member since Nov 2007
10973 posts
Posted on 1/29/21 at 7:57 am to
quote:

then the question is how does this unite people and how? this could be a major socio-political moment



This is most united I've ever seen the left and right.

WSBs is full of both and no one gives a shite about their differences. They just want tendies and to stick to the hedge funds.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/29/21 at 7:58 am to
short squeeze is over and this is a pump and dump

maybe slackster is no longer a financial advisor and he got a job at CNBC
This post was edited on 1/29/21 at 7:59 am
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