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themcdeal

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    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    8 minutes ago, Tortorella's Rant said:

    Jordan Belfort on CNN said platforms have halted trading to protect you from yourself by doing the due diligence on your part and legal action when GME and these other companies ultimately implode and they will. Especially GME with no earnings - because if you think it is worth $400, you are a fool, yet a plethora of uneducateds are putting money into it for absolutely no reason other than someone online told them to.

    This is honestly one of the most moronic &^@#in things that ive read

    I know its not you saying this (I hope) but that sentiment is beyond ridiculous 

    • Thanks 2
    • Haha 1

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    3 minutes ago, NucksPatsFan said:

    The smart suits have already loaded AMC at 6 this morning and GME at 150 for the run up, so when people celebrate screwing the suits, the suits are actually celebrating with them.

     

    Then when this fad dies down, it'll become musical chairs. Who gets stuck with GME at 400 when its back at 20

    100%

    They manipulated the price and played its on the way down and on the way up. They've done this several times in the last week but this morning was the biggest example of it by restricted the ability to buy the stock as shares were flooded; driving the price from $480 to $120. Making BILLIONS in the process.

     

    Consequences? None

    • Like 1

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted · Edited by themcdeal

    Retweeted by Mark Cuban

     

    An Open Letter to Melvin Capital, CNBC, Boomers, and WSB

     

    I was in my early teens during the '08 crisis. I vividly remember the enormous repercussions that the reckless actions by those on Wall Street had in my personal life, and the lives of those close to me. I was fortunate - my parents were prudent and a little paranoid, and they had some food storage saved up. When that crisis hit our family, we were able to keep our little house, but we lived off of pancake mix, and powdered milk, and beans and rice for a year. Ever since then, my parents have kept a food storage, and they keep it updated and fresh.

     

    Those close to me, my friends and extended family, were not nearly as fortunate. My aunt moved in with us and paid what little rent she could to my family while she tried to find any sort of work. Do you know what tomato soup made out of school cafeteria ketchup packets taste like? My friends got to find out. Almost a year after the crisis' low, my dad had stabilized our income stream and to help out others, he was hiring my friends' dads for odd house work. One of them built a new closet in our guest room. Another one did some landscaping in our backyard. I will forever be so proud of my parents, because in a time of need, even when I have no doubt money was still tight, they had the mindfulness and compassion to help out those who absolutely needed it.

     

    To Melvin Capital: you stand for everything that I hated during that time. You're a firm who makes money off of exploiting a company and manipulating markets and media to your advantage. Your continued existence is a sharp reminder that the ones in charge of so much hardship during the '08 crisis were not punished. And your blatant disregard for the law, made obvious months ago through your (for the Melvin lawyers out there: alleged) illegal naked short selling and more recently your obscene market manipulation after hours shows that you haven't learned a single thing since '08. And why would you? Your ilk were bailed out and rewarded for terrible and illegal financial decisions that negatively changed the lives of millions. I bought shares a few days ago. I dumped my savings into GME, paid my rent for this month with my credit card, and dumped my rent money into more GME (which for the people here at WSB, I would not recommend). And I'm holding. This is personal for me, and millions of others. You can drop the price of GME after hours $120, I'm not going anywhere. You can pay for thousands of reddit bots, I'm holding. You can get every mainstream media outlet to demonize us, I don't care. I'm making this as painful as I can for you.

     

    To CNBC: you must realize your short term gains through promoting institutions' agenda is just that - short term. Your staple audience will soon become too old to care, and the millions of us, not just at WSB but every person affected by the '08 crash that's now paying attention to GME, are going to remember how you stuck up for the firms that ruined so many of us, and tried to tear down the little guys. I know for sure I'll remember this. In response, here is a list of CNBC sponsors and partners. They include, but are not limited to, IBM, Cisco, TMobile, JPMorgan, Oracle, and ZipRecruiter. Their parent company is NBCUniversal, owned by Comcast and GE.

     

    To the boomers, and/or people close to that age, just now paying attention to these "millennial blog posts": you realize that, even if you weren't adversely effected by the '08 crash, your children and perhaps grandchildren most likely were? We're not enemies, we're on the same side. Stop listening to the media that's making us out to be market destroyers, and start rooting for us, because we have a once in a lifetime opportunity to punish the sort of people who caused so much pain and stress a decade ago, and we're taking that opportunity. Your children, your grandchildren, might have suffered as I described because of the institutions that we're fighting against. You really want to choose them, over your own family and friends? We're not asking you to risk your 401k or retirement fund on a single GME bet. We're just asking you to be understanding, supportive, and to not support the people that caused so much suffering a decade ago.

     

    To WSB: you all are amazing. I imagine that I'm not the only one that this is personal for. I've read myself so many posts on what you guys went through during the '08 crash. Whether you're here for the gains, to stick it to the man as I am, or just to be part of a potentially market changing movement - thank you. Each and every one of you are the reason that we have this chance. I've never felt this optimistic about the future before. This is life changing amounts of money for so many of you, and to be part of a rare instance of a wealth distribution from the rich to the poor is just incredible. I love you all.

     

    Source: https://old.reddit.com/r/wallstreetbets/comments/l6omry/an_open_letter_to_melvin_capital_cnbc_boomers_and/

    • Like 1
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    Investing in the stock market - Discussion

    in Off-Topic General

    Posted · Edited by themcdeal

    Update:  GME is now short 249% of their float (up from 140% yesterday). They re-shorted today hoping people would lose faith and sell in combination with their "Melvin is out" bull$&!# news, which explains the sideways movement all day

     

    This thing is gonna launch on Friday

     

    Source: https://financhill.com/most-heavily-shorted-stocks-today

    • Like 2

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted · Edited by themcdeal

    5 minutes ago, nuckin_futz said:

    Not arguing with you but there is a difference. The analysts put their actual name on their recommendation and by proxy their reputation. The WSB posts come from people with handles like 'Retard6969'.

     

    The big options are the monthly expiries, those expire on the 3rd Friday of each month. This Friday's are of way less importance.

     

    20 Million Shares which are likely to be DEEP ITM....  The loss is gonna be about 7B on that alone. 

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    Investing in the stock market - Discussion

    in Off-Topic General

    Posted · Edited by themcdeal

    For anyone saying that WSB is the one doing the manipulation - A bunch of posters who brag about how much money they routinely lose lol

     

    It was the hedge funds which were taking infinite risk for finite profits taking MASSIVE naked short positions. Several brokers stopped trading of AME and GME today. CNBC falsely reporting that Melvin closed their short position (Complete Liie). Coordinated attaks to drive the price down and cause market halts. Analysts on CNBC saying they're gonna short GME (With one making a purchase on air) - How is that not manipulation. 

     

    Now the SEC wants to investigate reddit? LMAO

    Why dont you investigate the emails and phone calls of Melvin & Citron and let us know if any manipulation happened there? 

     

    Anyone who is possibly against reddit and siding with these rich hedge fund douchebags and have been serious manipulated over the years... 

     

    Last point on the matter. It took them MONTHS to get a freakin stimulus bill passed in States which would be giving Americans much needed money for Covid relief. Let's see how fast some bull$&!# regulation gets passed now that a couple of hedge funds got there dicks kicked in. 

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    Investing in the stock market - Discussion

    in Off-Topic General

    Posted · Edited by themcdeal

    They've created thousands of fake reddit accounts to release FUD on GME and direct attention toward other stocks

    You see fake accounts with 0 post history and new creation dates that are blatantly trying to create posts to create the appearance that they're trying to manipulate stocks.

     

    All these fraudulent analysts do the exact same by giving a bogus upgrades/downgrades just so they can pump and dump their shares. This is no different than what is being done on WSB, except this time the common folk are winning and not the crooked banks and big companies.

     

    The amount of manipulation that you see from the media regarding this is hilarious. You can see that they're doing everything possible to drive the price down before Friday (contracts expire) because these hedge funds are gonna be in the hole BiLLIONS.

    • Cheers 3

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted · Edited by themcdeal

     

    So the market is consistently manipulated by the federal reserve, banks, wall street. 

    That's all ok but now some Reddit users rally behind GameStop and THIS is wrong and requires regulation LMAO

     

    The market has always been corrupt and manipulated. One hedge fund gets kicked to the ground for making and insane bet (which is probably the thing which needs to be regulated/investigated) and now CNBC and fund managers are crying about "fundamentals" and the marketing being disconnected.

     

    This is freakin hilarious

     

     

    • Like 1
    • Upvote 3

    Investing in the stock market - Discussion

    in Off-Topic General

    Posted

    18 hours ago, inane said:

    Anyone thoughts on $OPEN?

    Great if your time horizon is 5+ years

    If you're looking for this thing to explode before that, I cant imagine that happening unless its based off of hype alone

     

    Not using a realtor to sell a home might be scary for a lot of people. Until you heard someone else do it, you aren't likely to it. It's kind of like your first time staying at an airbnb. You might not be willing to try it unless you personally know others that have. Once you do though, you're sold. 

    Benning 20 minute Interview on 1040

    in Canucks Talk

    Posted · Edited by themcdeal

    - Resign Tanev and Stecher on D

    - Resign Gaudette and Motte 

    - Trade Virtanen 

    - Leaning towards letting Markstrom walk...With the expansion draft and cap crunch, we dont have much of a choice here 

    - On the fence about Toffoli. I prefer him over Pearson.

     

    I think it ultimately comes down to Taffoli vs Markstrom. Regardless, I think next season is the only really tough season cap wise, a lot of dead weight will be coming off the next 2 seasons.

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