They call themselves "Retards" because they are purchasing a share(s) to hold against all reason to stick it to the hedge fund shorters for entertainment and spite. Millions of Retards.
Posted on 01/29/2021 3:45:29 PM PST by TigerClaws
I have a question for some smart Freepers here who watch the investment world carefully... Wall St. dropped just a tad under 700 points today. Was all (or at least most) of the drop directly related to GameStop related stuff (and say the others where the hedge fund crew are pretty much in the same boat)? Or how much of it was related to collateral damage where even if they aren’t directly implicated, they still have indirect exposure and/or will get hit by the ripple effects?
The retail trader is not in a position to play the short sell game. He hasn’t the clout. Thus he must hold on, and is doing so. As I recall shorts must close out accounts at the end of the month if a loss is pending. Thus, many people are sick to their stomach today. Please correct me if I am wrong.
I dont know the answer
I will tell you I saw something really funky with my money at Ameritrade as it pertains to money available and options money available after some sells unrelated to any stock involved in the WallStreetBets mess. Options take less time to clear than stocks. The money showed up in my account but Ameritrade did not make it available for withdrawal or trading as it normally does.
It prompted me to get out even though it fixed itself by this afternoon.
I will just sit with my cash in the bank until I am sure Biden handles this right.
The people shorting will get their money back by shorting as the stocks slide back to normal levels. The reddit guys would be wise to sell while the bubble is intact and cash in.
That is just totally awesome. My smile is huge for him.
Many believe the recent downturn is due to a lack of liquidly over these squeezes. However the market is already toppy.
The short position is still 113% of outstanding shares. People have been selling -a lot (130% down to 113%) and the short % is still over 100%. IOW, there are more short share ‘buyers’ needing to cover than there are long share owners’ shares for the shorts to purchase to cover their positions. IOW a net upward price momentum.
The market is due a correction.
1. Biden just killed tens of thousands of jobs.
2. Phasing out gas is going to create a lot of loses abs upheaval.
3. Game Stop could squeeze the market and force a few hedge funds to sell but that’s a small amount overall.
4. Biden seems feeble and likely not going to last more than a year or two.
Dems in charge and the leftist Kamala. Chaos.
5. The main mover this week was vaccine rollout slow abs the J&J one isn’t effective. Just seems like more shutdowns and delays and hurts a ton of businesses.
That is more complicated than I had previously thought.
“Schwab-TD Ameritrade Deal to Close Oct. 6, 2020 “
Just a matter of time and that.artificial bubble will burst.
They call themselves "Retards" because they are purchasing a share(s) to hold against all reason to stick it to the hedge fund shorters for entertainment and spite. Millions of Retards.
About 30 years ago Florida had a big freeze that wiped out a lot of the OJ crop, sending OJ futures soaring. Read a John Tutor Jones piece in Barrons where he said he was backing up the truck to short OJ, since people did not have to buy it and the high prices had to collapse. Made sense so I bought a bunch of puts on OJ. And sure enough, after a couple of weeks OJ went down limit for 5 days straight, 2.05 to 1.60. The longs were getting destroyed and the only way out for them was to buy puts, since they could not go flat. And I and other put holders had their only out to relieve the pain. Made a ton of money. So everytime I see that OJ seen in Trading Places it reminds me of that trade.
Once again, President Trump got these frauds to take off their masks and show the world who they truly are. Here's a fraud of a financial advisor trying to screw listeners over in order to protect his Wall Street bosses, telling investors to walk away from what stands to be a major haul. How much more of a bald faced liar can this man be?
TD and IB are both good brokerages. Like and use them both.
Someone is going to get cold feet. If you bought a $300, you still have made money. If it goes to $12. SOL. It will take a steel nerve to hang in there. When it goes, it will go fast.
“Boomers don’t understand it. That’s why they lost $20 billion will lose $100 billion before it’s over.
This is the Capitol riot online with Wall Street the target.”
That’s why I bought some GME. I expect to lose it all but who cares. If it takes down some hedge fund a-holes, it’s more effective than donating to some useless politician.
Sadis & Goldberg announced that it has been retained by a hedge fund to investigate Interactive Brokers for allegedly causing clients severe losses by allegedly preventing them from selling WTI Futures contracts when oil prices went negative on April 20.
A spokesperson for Interactive Brokers declined to comment on the possible investigation.
Sadis cited that the price of May 2020 WTI futures contracts plunged from a price of more than $5 per barrel to minus $37.63 per barrel on April 20. The law firm alleges that the trading system had a defect that prevented clients from selling any WTI Futures at negative prices, which caused clients to more than $100 million in losses.
Interactive Brokers, according to Sadis, has publicly admitted that the failure of the IB trading system to allow clients to sell at negative prices, but to date has refused to repay a number of clients who have suffered losses.
The New York-based law firm cites press reports that said the trading system also had other problems that day including to fail to provide accurate prices when the WTI Futures prices turned negative and therefore incorrectly calculated client margin levels.
This looks like a new market phenomenon. I’d call it a flash mob bear trap. It doesn’t require a person to put up a lot of capital. It just requires a lot of people with a little capital each moving in concert against a short position. The short loses by having to buy shares to cover at a higher price than he borrowed the shares to initiate the short. When the short fully covers all the Retards have sold their shares at a higher price due to the short squeeze. It works because the rules and requirements for shorting work more against the shorter than the owner.
the hedge fund short sellers KNOW they have nothing to worry about. Chomo Joe will bail them out and end the practice of revolting peasants being allowed to play the game.
I posted earlier how I watched that final day trade. I dont blame IB. Who in their right mind would have ever expected long oil postions to go negative. Never happened before. I even made a frantic call to an oil hedger and told him if went long in that final half hour he would get paid to buy oil.
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