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Posted on 1/28/21 at 12:23 pm to Seldom Seen
A Jewish guy doesn't like the mostly Jewish financial structure being challenged
never saw that coming
never saw that coming
Posted on 1/28/21 at 12:23 pm to meansonny
quote:who the frick is in the stock market that doesn’t know they can lose in it?
If the people driving up the value dont realize that some of there brothers will actually be losing money during this process, then there will be an education in the stock market coming
But overall, the Reddit cohort is winning and the HFs are getting their arse whooped here
Posted on 1/28/21 at 12:26 pm to chalmetteowl
And that’s the deal.
The hedge funds took a position they couldn’t cover and millions of people found out and are making them pay for it.
If the hedge funds don’t short more stock than exists, this wouldn’t be possible.
The hedge funds took a position they couldn’t cover and millions of people found out and are making them pay for it.
If the hedge funds don’t short more stock than exists, this wouldn’t be possible.
Posted on 1/28/21 at 12:27 pm to BiteMe2020
quote:
quote:
So you have already sold all of your shares.
Yes. Bought and sold twice today, and I think I'll stop with GME while I'm ahead, lol.
Cheers. More power to you.
But with the price this high, you do recognize that those late in the game (or those who are slow to exit) are likely to be losing money. Most from the subreddit group.
Posted on 1/28/21 at 12:30 pm to meansonny
quote:
But with the price this high, you do recognize that those late in the game (or those who are slow to exit) are likely to be losing money. Most from the subreddit group.
That’s part of the fun. Just hope they’re not using money they can’t afford to lose
This post was edited on 1/28/21 at 12:31 pm
Posted on 1/28/21 at 12:30 pm to meansonny
quote:
Cheers. More power to you.
But with the price this high, you do recognize that those late in the game (or those who are slow to exit) are likely to be losing money. Most from the subreddit group.
I think the greater fool theory was formulated about 1200.
at least sometime before the Dutch Tulip Bulb mania
Posted on 1/28/21 at 12:30 pm to chalmetteowl
quote:
quote:
If the people driving up the value dont realize that some of there brothers will actually be losing money during this process, then there will be an education in the stock market coming
who the frick is in the stock market that doesn’t know they can lose in it?
The biteme guy who claims everyone buying gamestop was doing so for profit.
Posted on 1/28/21 at 12:31 pm to meansonny
quote:as opposed to buying it to lose
who claims everyone buying gamestop was doing so for profit.
Posted on 1/28/21 at 12:33 pm to gthog61
The tulip bulb thing was caused by a different phenomenon.
IIRC, contract law was being changed in the Netherlands at that time and it was used and abused by people so that they could make money yet walk away from having to pay the futures contract.
IIRC, contract law was being changed in the Netherlands at that time and it was used and abused by people so that they could make money yet walk away from having to pay the futures contract.
Posted on 1/28/21 at 12:33 pm to meansonny
quote:
The biteme guy who claims everyone buying gamestop was doing so for profit.
What does that even mean?
Posted on 1/28/21 at 12:35 pm to meansonny
quote:
The biteme guy who claims everyone buying gamestop was doing so for profit.
I wouldn't have done it just to piss away money. There was a real chance that the short people would have to buy to cover their positions, meaning there was some more up side for the stock this morning.
While it was ALSO comical, I did it to make some change.
At some point, the merry-go-round will stop, for sure.
Why do you think the price went up so high? Lots of people were buying it hoping it would go higher.
Posted on 1/28/21 at 12:35 pm to Seldom Seen
Ha! The ‘every-day’ guys played the system against the Elites, a completely unauthorized ‘transfer’ of HUGE sums of ?? ??. This is unheard of!! 
Posted on 1/28/21 at 12:37 pm to meansonny
quote:
Cheers. More power to you.
But with the price this high, you do recognize that those late in the game (or those who are slow to exit) are likely to be losing money. Most from the subreddit group.
Of course I do.
People lose money in the stock market all the time.
I'm not sure what point you're trying to make here.
Posted on 1/28/21 at 12:44 pm to teke184
My father and uncle stayed at Lefty Rosenthal's place in Miami in 1960s for a weekend visit. They know/knew them all. What Lefty did for Chicago and KC, my uncle did for the Little Man for 40 yrs..
A massive Whale/BM/Handicapper as to be able to beard action into other mob controlled BMs around the country undetected, as to not aggravate or alienate their sensibilities..
It was the only way to get down that massive sized action back then. Even the LV joints were owned by Chi, KC, The Purple Gang,etc.
A massive Whale/BM/Handicapper as to be able to beard action into other mob controlled BMs around the country undetected, as to not aggravate or alienate their sensibilities..
It was the only way to get down that massive sized action back then. Even the LV joints were owned by Chi, KC, The Purple Gang,etc.
Posted on 1/28/21 at 12:49 pm to Seldom Seen
Shapiro lives in an ideological free market utopia that the USA is not. The stock market seized to be a means to allocate captial and proxy as a discounting mechanism for future cash flows decades ago. I'm sure as he melts about GME, a company that traded at 0.9x sales, gets squeezed, he's ignoring CNBC pumping SNOW trading @ 1,000x sales. He should stick to politics since he doesn't understand risk.
Posted on 1/28/21 at 12:50 pm to wutangfinancial
He’s not melting down. Poliboard is just doing Poliboard things.
Posted on 1/28/21 at 12:53 pm to the808bass
I'm listening to his melt on his podcast on the subject. Don't care about the tweet. The market is not efficient therefore his entire opinion can be ignored.
Posted on 1/28/21 at 12:55 pm to TheRoarRestoredInBR
Makes sense given what Henry Hill said about trying to do point shaving on Boston College basketball in the late 70s / early 80s, as CBB didn’t have the same sized action as CFB or the NFL.
They had to have connected bookies in Vegas to make the bets and they lied to the players at least once about missing the cutoff to make the bet.
They had to have connected bookies in Vegas to make the bets and they lied to the players at least once about missing the cutoff to make the bet.
Posted on 1/28/21 at 1:02 pm to teke184
The same politicians whining about this were the ones that voted to bail out Citigroup and Bank of America when they took WILD gambles on credit default swaps.
They can spare me the whining. The double standard is obvious.
They can spare me the whining. The double standard is obvious.
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