OT: OT Thread Part 7: Where the Only Off Off Topic is Politics (Well Not Literally!)

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5 Mins 4 Ftg

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bellagiobob

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More stock market talk please!!
MW-ED779_Cartoo_ZH_20160121154428.jpg
 

joestevens29

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Best of luck guys. Really an incredible grind and sacrifice these guys and gals go thru for such a good cause.

I see Brodziak is playing this year. Hopefully he doesn't do what the last ex-Oiler did.

Didn't realize how many guys I actually know that are involved this time. I guess that's what happens when everything is shut down and you don't get to see guys.
 

iCanada

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Feb 6, 2010
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Some shady shit going on in the market today.

GME has demand is way too high for supply to cover and the price tanked today. That frankly defies all logic.

Stock Research - Fidelity

Not to mention... The market isn't selling GME. The volume of trades has been super low, lower than the last week by a large factor.

GME - Gamestop Corp Stock Interactive Chart - Barchart.com

I suspect a large majority of trades on GME today we're just coordinated ladder attacks trying to stir panic in retail investors.

Also weird seeing all the financial media saying Reddit is moving on to attacking Silver... I haven't seen a single post on r/WSB talking about Silver. And precious metals are the antithesis of what Wallstreetbets is about, too stagnant of a resource. You use precious metals to hedge bets / keep your investment up with inflation, not to make money. It's a retirement style buy you'd expect to see from boomers, not a millennial big gamble. And WSB is all millennials betting big.

High Short Interest Stocks : All exchanges : Showing 1 - 50 of 70 stocks

If you're trying to get ahead of the curve and see where the next short squeeze may be headed.

I think GME was once in a lifetime. Don't think we'll see that level of over-leveraged shorts ever again after retail showed it's willing to squeeze the big guys like that.
 
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bellagiobob

Registered User
Jul 27, 2006
22,702
53,303
Some shady shit going on in the market today.

GME has demand is way too high for supply to cover and the price tanked today. That frankly defies all logic.

Stock Research - Fidelity

Not to mention... The market isn't feeling GME. The volume of trades has been super low, lower than the last week by a large factor.

GME - Gamestop Corp Stock Interactive Chart - Barchart.com

I suspect a large majority of trades on GME today we're just coordinated ladder attacks trying to stir panic in retail investors.

Also weird seeing all the financial media saying Reddit is moving on to attacking Silver... I haven't seen a single post on r/WSB talking about Silver. And precious metals are the antithesis of what Wallstreetbets is about, too stagnant of a resource. You use precious metals to hedge bets / keep your investment up with inflation, not to make money. It's a retirement style buy you'd expect to see from boomers, not a millennial big gamble. And WSB is all millennials betting big.



I think GME was once in a lifetime. Don't think we'll see that level of over-leveraged shorts ever again after retail showed it's willing to squeeze the big guys like that.

Not sure what's to feel. It's a $13 stock that was trading about 30 times what it's worth. If you're an investor, you don't touch it. Day trader or speculator, you take your chances.

The Worst Mistake GameStop Investors Can Make Right Now | The Motley Fool
 

iCanada

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Gotcha. I added a link to an article that outlines a couple of the risks, one that likely happened today.

That's assuming that retail investors are buying on a margin. I don't think anyone is really doing that. The entire generation is up to their ears in debt, we aren't signing up for more.

WSB in particular trades in cold hard cash. If these people traded on the margin they'd have been bankrupt years ago with some of the YOLO bets they make.
 

bellagiobob

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Jul 27, 2006
22,702
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That's assuming that retail investors are buying on a margin. I don't think anyone is really doing that. The entire generation is up to their ears in debt, we aren't signing up for more.

WSB in particular trades in cold hard cash. If these people traded on the margin they'd have been bankrupt years ago with some of the YOLO bets they make.

Well somebody had a shitload of expiring calls that were exercised. I think there might have been some people who didn't realize how calls work that got an education today.
 

iCanada

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Feb 6, 2010
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Edmonton
Well somebody had a shitload of expiring calls that were exercised. I think there might have been some people who didn't realize how calls work that got an education today.

If people were trying to squeeze through marginal trades they don't know what the f*** they are doing. Certainly that's not the call on Reddit, and explicitly has been warned against from day 1.

The entire day when the was more than 1k shares per hour being traded saw prices bounce up. The squeeze isn't done yet; short interest is through the roof and the share of short positions exceeds the float by a good margin. But that relies on buying in cash and waiting out the shorts, cash you're willing to risk and lose.

It's the stock market, if you wouldn't take your cash to the casino, you shouldn't be taking it to the casino for the rich.
 
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