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3
Posted on 1/29/21 at 4:13 pm to rocket31
Still can't get over what a legend u/deepfrickingvalue is for holding his positions into the weekend. This man must have balls of adamantium or be completely autistic. I'd have had a stroke by now.
Posted on 1/29/21 at 4:24 pm to teke184
quote:
The RH crew and their friends, while fricking people within the rules, is also screaming about how what people are doing is wrong, illegal, illogical, etc.
There are retail investors buying GME that don’t know what they’re doing, and they’re going to lose their arse, but that’s true of any highly speculative stock. No one thinks GME is really worth $22B either, but I’m a big advocate for letting stupid people be stupid. That’s true for the shorts and the longs.
Unfortunately, like most things in life, the handful of stupid people that have been and will be harmed by this get all the attention and ruin it for people that know what they’re doing.
Posted on 1/29/21 at 4:30 pm to slackster
So - say the "to the moon!" actually happens on Monday and the stock peaks at $2,250 (I pulled that number out my bum). Is there just a giant rush of tens of millions of shares insta-selling at market orders and it's just luck of the draw if you get $2,000, $200, or $5? How will this practically play out?
Posted on 1/29/21 at 4:31 pm to slackster
I look at it more like when the “beginners” clean the clock of a chess master.
They didn’t follow the same metagame he was expecting to trick them in so he gets caught off-guard when they don’t fall for his trap.
The end of the game is “beginner’s luck” while the chess master throws pieces at everyone and screams about how he should only play quality opponents.
They didn’t follow the same metagame he was expecting to trick them in so he gets caught off-guard when they don’t fall for his trap.
The end of the game is “beginner’s luck” while the chess master throws pieces at everyone and screams about how he should only play quality opponents.
Posted on 1/29/21 at 4:39 pm to slackster
quote:
All I’m saying is that it’s within the rules,
If you’re saying that it’s within the rules, can you help me align the idea that if market manipulation is illegal, how does halting purchases, but not sales, not fall under that?
I’m not trying to be cheeky. And if you answered this previously I’m OK with just the link to it.
Posted on 1/29/21 at 4:41 pm to teke184
quote:
I look at it more like when the “beginners” clean the clock of a chess master.
They didn’t follow the same metagame he was expecting to trick them in so he gets caught off-guard when they don’t fall for his trap.
The end of the game is “beginner’s luck” while the chess master throws pieces at everyone and screams about how he should only play quality opponents.
Then the chess master learns his lesson and kicks the shite out of the beginner from that point forward...
Posted on 1/29/21 at 4:46 pm to JohnnyKilroy
Thr answer is yes. I got 6 people plus me at work loaded up on fidelity after the absolute cuckoldery if being told we were only allowed to own a max of 1 stock. Surprised no one is storming RH headquarters with torch and pitchforks yet
Posted on 1/29/21 at 4:48 pm to rocket31
Rocket what the f*ck man??? You have been ride or die this whole time and you get paper fingers on D-Day?? You bring shame to MT
(Sarcasm but cmon man)
(Sarcasm but cmon man)
This post was edited on 1/29/21 at 4:49 pm
Posted on 1/29/21 at 4:53 pm to bricksandstones
quote:
This man must have balls of adamantium or be completely autistic.
Beskar.
(I've been watching Mandalorian lately)
Posted on 1/29/21 at 4:53 pm to bricksandstones
quote:
Still can't get over what a legend u/deepfrickingvalue is for holding his positions into the weekend. This man must have balls of adamantium or be completely autistic. I'd have had a stroke by now.
He's on the cusp of infinite money. He's already taken some profits to insure being s millionaire
Posted on 1/29/21 at 4:54 pm to rocket31
quote:
my hands melted to cardboard after the RH debacle. I'll do better
Go redeem yourself by giving the ask a nice slap for us monday
Posted on 1/29/21 at 4:56 pm to MrBobDobalina
yea bro I have PTSD from the crypto 2017 rug pull. probably need therapy ngl
Posted on 1/29/21 at 4:57 pm to oklahogjr
I'll be there. I reloaded into Schwab so should be good to go
Posted on 1/29/21 at 5:05 pm to Stiles
quote:
If you’re saying that it’s within the rules, can you help me align the idea that if market manipulation is illegal, how does halting purchases, but not sales, not fall under that?
I’m not trying to be cheeky. And if you answered this previously I’m OK with just the link to it.
In the case of RH in particular, I actually believe them when they say it’s a risk management decision with respect to their capital requirements and whatnot. I don’t expect others to believe that, so those people will think it’s manipulation, and so be it. However, RH was a future IPO darling and thinking they torpedoed their own value just to help Citadel is inaccurate IMO. Citadel pays for orders from Schwab and TDAmeritrade too, but neither have been anywhere close to as restrictive as RH. I believe RH was at serious risk of violating their capital requirements and they were damned if they do, damned if they don’t.
In other words, halting new buys as a risk management feature of a firm is going to take precedent over some real or perceived market manipulation.
ETA- but if you don’t believe they were at risk, then I don’t expect you or others to agree.
This post was edited on 1/29/21 at 5:15 pm
Posted on 1/29/21 at 5:14 pm to boomtapp
quote:
So - say the "to the moon!" actually happens on Monday and the stock peaks at $2,250 (I pulled that number out my bum). Is there just a giant rush of tens of millions of shares insta-selling at market orders and it's just luck of the draw if you get $2,000, $200, or $5? How will this practically play out?
A) Prayers (and hopefully a GoFundMe) sent to the guy who buys a share of GME at the same market cap as McDonalds.
B) If it actually happened, no one can tell you exactly how it would unwind except for the fact it would be bloody as hell.
C) I would be terrified to place a market order on GME of any substance on the buy or sell side
Posted on 1/29/21 at 5:21 pm to slackster
(no message)
This post was edited on 4/5/23 at 5:04 am
Posted on 1/29/21 at 5:27 pm to msutiger
quote:
I’m not sure where I stand on this, but people have just completely lost faith in our systems, so people aren’t willing to give them the benefit of the doubt
Which I understand. When you consider the government actions of the past year, plus the impetus for this GME move in the first place, I’m not going to belittle someone who thinks this was a conspiracy. I’m just offering my opinion on how this kind of thing could have a legitimate explanation.
Posted on 1/29/21 at 5:31 pm to slackster
quote:
but if you don’t believe they were at risk, then I don’t expect you or others to agree
I believe that is part of the story. There's also probably a better way than going Seinfeld Soup Nazi with regards to certain stocks. They're getting squeezed by their side of commitments. I don't think they'rethe ones choosing which stocks to limit. If they're not the ones picking which stocks to limit, then who is?
This post was edited on 1/29/21 at 7:12 pm
Posted on 1/29/21 at 7:10 pm to slackster
quote:
Which I understand. When you consider the government actions of the past year, plus the impetus for this GME move in the first place, I’m not going to belittle someone who thinks this was a conspiracy. I’m just offering my opinion on how this kind of thing could have a legitimate explanation.
I think there are at least semi-legitimate explanations for a lot of what’s going on. However I still can’t get away from the chairman’s comments that they did this specifically to limit losses of themselves or the hedge funds.
I guess there’s ways to frame their actions and still be within the bounds of the regulations, but it’s nice and convenient that all the mechanisms they can do protect themselves and hose retail when retail finds a flaw.
The brokerages should have stopped lending on Friday, called the loans and liquidated the funds if need be. It would have been big, but nothing like it is now. The whole world jumped in Monday through Wednesday. The squeeze should have been forced by the brokerages on Friday. They would have shaken out 95% of retail holders back then. Now retail feels a moral obligation to hold no matter what.
Cnbc went on and on about the risks to the retail investor on this one. While it was ever present, and cynical people probably knew deep down it would happen this way, the media never once mentioned that one of the risks to retail is that the powers that be will flip the script midstream. That was never mentioned.
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