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re: The Reddit GME pump was a TACTIC, not a STRATEGY.
Posted on 2/2/21 at 9:00 pm to 13SaintTiger
Posted on 2/2/21 at 9:00 pm to 13SaintTiger
quote:
So you acknowledge all of this was caused by retailers but deny retailers not being able to buy is what stopped it. Cool
Like I said, you’re being willfully ignorant. If you’re short GME at $20, you’re not hanging around when it’s $300. Congrats to the original longs. Congrats to the late longs too, most should have made money.
But if you think a hedge fund is staying short after 10-15x gains, you’re clueless. They were out. Y’all fricked them. Bravo.
Robinhood and others stepping in due to capital requirements was the only think that stopped retail investors from losing even more money on Thursday. Imaging buying GME from another Reddit guy on Thursday @$1000 and thinking you’re sticking it to Wall Street.
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Posted on 2/2/21 at 11:31 pm to T1gerNate
I've been long silver for years. They are in the process of destroying the dollar.
People may want to get some real silver in hand as insurance from inflation.
Here is my thinking.
For every $1000 owed on my home I buy one ounce of silver.
If I owe $200,000, then I buy 200 ounces. IF we suffer from hyper-inflation then silver could go to $1000/ounce or more.
I sell the silver and at least pay off the house.
Get more than 200 ounces, and use it on necessities.
I look at it as an insurance policy. If you have fire insurance on your home, you hope you never have to use it.
Also, Silver could lose some value, but it is unlikely to have no value. When you pay for fire insurance that payment is gone forever, not silver. You get to keep it.
IT merely is insurance against inflation.
IT does have some commercial use too, so it should always have some value.
People may want to get some real silver in hand as insurance from inflation.
Here is my thinking.
For every $1000 owed on my home I buy one ounce of silver.
If I owe $200,000, then I buy 200 ounces. IF we suffer from hyper-inflation then silver could go to $1000/ounce or more.
I sell the silver and at least pay off the house.
Get more than 200 ounces, and use it on necessities.
I look at it as an insurance policy. If you have fire insurance on your home, you hope you never have to use it.
Also, Silver could lose some value, but it is unlikely to have no value. When you pay for fire insurance that payment is gone forever, not silver. You get to keep it.
IT merely is insurance against inflation.
IT does have some commercial use too, so it should always have some value.
Posted on 2/2/21 at 11:45 pm to obdobd918
quote:If you bought silver at the beginning of 2011, and despite a recent increase, you would still be down over 4%. In a low inflation environment, which looks to he the case for the near future, despite people like you arguing otherwise counter to the evidence, a “hedge” against inflation that loses money, doesn’t seem like a good hedge, especially with people using crypto as a hedge (even if it’s a poor hedge, it’s money being flowed into it).
People may want to get some real silver in hand as insurance from inflation.
quote:I don’t understand this thinking. The biggest winners in a high inflation environment, are those with a long term mortgage, or just like term fixed-debt in generally. And the lower the rate the better. So why would you pay off your house, when it’s likely that the real-interest rate is negative, and by a large margin if it’s getting towards hyper inflation?
For every $1000 owed on my home I buy one ounce of silver. If I owe $200,000, then I buy 200 ounces. IF we suffer from hyper-inflation then silver could go to $1000/ounce or more. I sell the silver and at least pay off the house.
Posted on 2/3/21 at 8:24 am to slackster
quote:
The only people who don’t believe that are the guys who lost 65% since then.
I tripled my original investment and know for a fact what you are saying about this is straight wrong. It’s basic math fundamentals. Retailers and others sell Thursday due to FUD, further dropping the price allowing shorts to cover for a discount compared to what it would’ve been in an open market. If I’m a short and I know you can only sell, guess who gets to name the price? Friday is not some evidence of you being right, given the fact that buys were still restricted.
Posted on 2/3/21 at 8:30 am to obdobd918
quote:
been long silver for years
that's not smart
Posted on 2/3/21 at 8:33 am to SlowFlowPro
quote:
given that there weren't enough shares to cover the shorts, you're wrong bro. THAT was the real strategy, not just pumping the value
quote:
nobody thought GME would stay that high forever.
I do not understand why this is so hard for people to understand. If a stock is shorted more than 100% and WSB discovers it, they should be able to drive the price and make moeny. It is repeatable.
and if regulation comes down on the retail guy becuase of this, i think there will be hell to pay. Honestly though i think its much more likely you see regulate on the HF guys.
OH and OP is a dumbass.
Posted on 2/3/21 at 8:35 am to T1gerNate
Strategies are a combination of tactics. 
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