tag:blogger.com,1999:blog-365858055267871677.post4828151306674311362..comments2024-03-29T08:48:00.677-04:00Comments on The Feral Irishman: Updated....Is There A Financial Guru In The House? Understanding Gamestop and some good links to read.Irishhttp://www.blogger.com/profile/09772405362867585844noreply@blogger.comBlogger28125tag:blogger.com,1999:blog-365858055267871677.post-37772698707845191602021-01-31T02:26:56.941-05:002021-01-31T02:26:56.941-05:00You can't look at trade volume as a static num...You can't look at trade volume as a static number, but only as a dynamic trend, because a huge percentage of the volume on ANY stock is automatically done by computers. As humans trade, the algorithms respond automatically.<br /><br />Similarly, you can't look at big sale amounts from individual insiders the same way you look at volume from traders or investors, because insiders are required to set up their sales well in advance, either by date or by price target.<br /><br />Markets are easily moved by the little guys, even though the amounts are small, because their small trades cause these larger volume actions to be triggered, which initiates a cascade of further trades. And then the talking heads start to comment...<br /><br />The little guys probably don't have an exit strategy and most of them won't make money from this, but watching the big guys squirm is itself ample reward.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-50088628309205043862021-01-31T02:07:03.061-05:002021-01-31T02:07:03.061-05:00"That alone doesn't make it seem like a b..."That alone doesn't make it seem like a buy at all"<br /><br />3Score, AFAIK no investor ever claimed the stock was a buy, the autists simply said we like GameStop, so let's use it to crush the hedge fund that's fucking up a company we like.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-38784392872068516932021-01-30T12:18:22.001-05:002021-01-30T12:18:22.001-05:00That seller was a type of fund sitting on a long t...That seller was a type of fund sitting on a long term stock that was at a 300,000 dollar loss and did the wise thing and sold for 1.15 billion. Read the reddit sub for some entertainment.Bear Claw Chris Lapphttps://www.blogger.com/profile/01190524236686025884noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-50076526238197860462021-01-30T08:56:43.332-05:002021-01-30T08:56:43.332-05:00Over the longer term 20+ years the market keeps yo...Over the longer term 20+ years the market keeps you up with inflation. Cash in the drawer is worth less every day that goes by. There is talk of the gov taking over managing the 401ks. If that happens then by all means take it out. Gonna pay a lot of tax though unless it's a RothKidhttps://www.blogger.com/profile/08489102988684859463noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-77328135101936228422021-01-30T07:08:40.375-05:002021-01-30T07:08:40.375-05:00All the exciting shit is over. If you don't ha...All the exciting shit is over. If you don't have $5000 to drop just for shits and giggles, nevermind.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-37322038864352320912021-01-29T23:37:01.626-05:002021-01-29T23:37:01.626-05:00"Before I retired 5 years ago I cashed out my..."Before I retired 5 years ago I cashed out my 401K and my IRA and put the money in this land and homestead in the NC mountains, paid off virtually everything I owned and invested heavily in band aides, beans and bullets. Started on a road to self sufficiency and we keep travelling down that road."<br /><br />Smart guy. THAT is what everyone should have done by now. Those that still have to work and aren't very well off are going to be in deep poo from this point forward. <br />This is the point at which survival is everything and investing is nothing.<br />The stock market has always been a rigged game. <br />Put your money towards yourself & family. Stockpile food and supplies of all types, be self sufficient as much as possible. Time is really really short now.Zombiedawgnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-32376026361110183722021-01-29T21:44:08.942-05:002021-01-29T21:44:08.942-05:00market-ticker.org. as usual, Karl lays it out. mus...market-ticker.org. as usual, Karl lays it out. must go to website.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-29355500196335375492021-01-29T21:35:42.857-05:002021-01-29T21:35:42.857-05:00TY. I was unaware that the a platform could execut...TY. I was unaware that the a platform could execute a trade without the customer's permission. Somehow, not only does it seem illegal it is surely unethical, especially as I'm informed from what I've read about Robinhood's action here, that the shares sold without authorization were sold to one of the short selling hedge funds to enable that hedge fund to cover some of its shorts.<br /><br />NemoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-44674744679215114922021-01-29T16:29:47.763-05:002021-01-29T16:29:47.763-05:00Insiders holding stock that's about to be wort...Insiders holding stock that's about to be worthless is one of the 1st things I thought. Took some big pockets to get the thing rolling.Kidhttps://www.blogger.com/profile/08489102988684859463noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-84343131041238675442021-01-29T16:20:45.069-05:002021-01-29T16:20:45.069-05:00I'll assume everyone knows how shorting works ...I'll assume everyone knows how shorting works and how short squeezes can happen. The only thing to add imo is the squeeze was not just put on or initiated by young people with limited funds. This thing was started and fueled by some deep pockets though a lot of Joe sixpacks benefited if they got in early and are now out.<br />This is now a game of musical chairs and there will be lots of people without a seat when the music stops.Kidhttps://www.blogger.com/profile/08489102988684859463noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-73386254239296649192021-01-29T15:45:43.159-05:002021-01-29T15:45:43.159-05:00I agree
We average people just do not have enough ...I agree<br />We average people just do not have enough $$ to compete with them<br />They are up to something else - and it is not good<br />I think they are developing a story line - for cover<br /> 3Scorehttps://www.blogger.com/profile/08279404035113938849noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-49634903812835179832021-01-29T14:19:02.229-05:002021-01-29T14:19:02.229-05:00Peter also has some excellent analysis on this.
...Peter also has some excellent analysis on this. <br /><br />https://bayourenaissanceman.blogspot.com/2021/01/the-gamestop-fiasco-reveals-our-ruling.htmlGrognoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-62675095483652397662021-01-29T13:01:41.666-05:002021-01-29T13:01:41.666-05:00Not sure the david and goliath ‘narrative’ about t...Not sure the david and goliath ‘narrative’ about this situation regarding GameStop is all that it is cracked up to be … that the ‘little guys’ ganged up on the ‘big guys’ and fixed them good and hard.<br /><br />I don’t know when MelvinCap shorted this stock — or at what price — but look at the shorting possibilities at today’s prices and you’ll get a whole different picture of just what enormou$ amounts of money are possible.<br /><br />Various — and rhetorical — questions come to mind in all of this: who’s actually funding these ‘little guys’ for the amounts of their play (just today — 26,000,000 shares have traded at an average of of $352/share — for a total of all trades just today of $9,152,000,000 — yes, north of $9 billion); have these ‘little guys’ already sold out and taken their seemingly significant profits; do any of the principals at MelvinCap have personal enemies — folks who’d love to $¢rew them sideways — i.e., is one or more other hedge funds behind all of this, using the ‘little guys’ as their front — i.e., a false flag event; what’s the exit strategy here — i.e., how will this end, financially speaking; and, as always — cui bono?<br /><br />If MelvinCap and others shorted this stock — as Glenn Greenwald seems to imply — at $4-10 per share and expected to make a lot of money — imagine how much money someone stands to make by shorting this stock at $350+ per share … and you know that someone is going to be unable to resist that temptation.<br /><br />Just some random musings … I’ll be interested to see any replies …Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-7038074529075507302021-01-29T12:22:26.375-05:002021-01-29T12:22:26.375-05:00H/T 90 Miles from Tyranny...
https://www.breitbar...H/T 90 Miles from Tyranny...<br /><br />https://www.breitbart.com/clips/2021/01/28/fncs-carlson-gamestop-saga-shows-system-is-not-the-capitalism-we-were-promised-not-even-close/Michael Downinghttps://www.blogger.com/profile/15337073997302676770noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-10578904194908847342021-01-29T12:11:39.658-05:002021-01-29T12:11:39.658-05:00Two from David at N C Renegade
https://ncrenegade...Two from David at N C Renegade<br /><br />https://ncrenegade.com/editorial/valuable-information/<br /><br /><br />https://ncrenegade.com/editorial/whats-in-your-retirement-account/<br /><br />Before I retired 5 years ago I cashed out my 401K and my IRA and put the money in this land and homestead in the NC mountains, paid off virtually everything I owned and invested heavily in band aides, beans and bullets. Started on a road to self sufficiency and we keep travelling down that road. If I had left everything ride until the market peaked awhile ago I and cashed out on the high I would have made a lot more money, but no regrets. One thing is for certain and that is the validity of Stein's Law: "If something cannot go on forever, it will stop."<br /><br />We will eventually see the fiscal insanity come to an end but probably only looking in the rear view mirror after a complete collapse. Jo & Ho and the insane policies they are implementing will at least insure that we won't have to wait long for that tohappen. Michael Downinghttps://www.blogger.com/profile/15337073997302676770noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-45580113362711516042021-01-29T11:17:57.674-05:002021-01-29T11:17:57.674-05:00Over 30 years experience in finance/accounting - b...Over 30 years experience in finance/accounting - but, that is not the point in my opinion (see below)<br />Here is my take for what it is worth - my C Theory<br /><br />First, anything that MSM is touting is an F'in lie from hell<br />Second, one of the major holders of GME stock sold over $1 BILLION worth during the run up in price<br />That alone doesn't make it seem like a buy at all<br /><br />So, my take is the 'cover" story is just that<br />Looks to me llike the big holders / insiders are running for the hills behind the fake news story<br />And the little guy will be / is left holding a big bag of shit - AGAIN<br /><br />3Scorehttps://www.blogger.com/profile/08279404035113938849noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-19952064850638031492021-01-29T08:57:26.738-05:002021-01-29T08:57:26.738-05:00Time to take the penalty on the 401k and convert t...Time to take the penalty on the 401k and convert to cash. Buy a high quality Safe with at least a TL30 rating, dont buy a cheap RSC(gun safe) because they are not safes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-17044453322373334392021-01-29T08:52:37.116-05:002021-01-29T08:52:37.116-05:00This guy is about the most sensible investor I hav...This guy is about the most sensible investor I have ever seen. Very clear explanation on financial stuff.<br />https://www.youtube.com/watch?v=E5k1UFqqReUStevehttps://www.blogger.com/profile/02244853101089859845noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-10789189898357260622021-01-29T08:01:02.745-05:002021-01-29T08:01:02.745-05:00A bunch of not professional traders saw an opportu...A bunch of not professional traders saw an opportunity to make lots of money and gathered and ganged up on the company crushing hedge fund short traders who sought an opportunity to make millions. The not professionals bought GME and drove the price thru the roof. The big boy 1 percenters with all the advantage don't like sitting on a potential 54 Billion dollar loss as they would have to buy at the higher price to close out the shorts, they don't like that. Called the overlords who they make millions of campaign contributions to and said they don't get to do this to us their not in the club. All of the sudden SEC looking into a Sub reddit chat room for people to prosecute for what ever laws they can create. The trading platforms are only allowing buys for the stock. They can't sell at a large profit like the hedge funds. Huh, go figure.Bear Claw Chris Lapphttps://www.blogger.com/profile/01190524236686025884noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-43050206176243719522021-01-29T07:46:32.442-05:002021-01-29T07:46:32.442-05:00The Bar-stool guy explains it quite well:
https://...The Bar-stool guy explains it quite well:<br />https://twitter.com/stoolpresidente/status/1354848771184750598<br />Mike Silviushttps://www.blogger.com/profile/10406468736304441962noreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-46790779371177640402021-01-29T06:54:57.986-05:002021-01-29T06:54:57.986-05:00Nemo, not much is likely to happen to Robinhood ex...Nemo, not much is likely to happen to Robinhood except loss of some customers because the laws and the industry rules permit platforms to take either or both of those actions, if one has opened a margin account (which is now standard), whether or not one is actually trading on margin at the moment. It's wrong and it's evil but it's generally legal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-66008378340146827282021-01-29T06:02:31.756-05:002021-01-29T06:02:31.756-05:00A bunch of little guys on an investing sub Reddit ...A bunch of little guys on an investing sub Reddit just stuck it up a bunch of hedge funds butts and the hedge funds don't like it cause they got caught at their own game.<br /><br />Additionally the Robinhood trading site that a lot of these small investors use, screwed their customers by first suspending trading in Gamestop shares, then selling the shares from customer accounts without the customer's permission to "protect the customer's investment". Both those actions by Robinhood (I asked my sons to consider the implications of the name of that trading firm about a year ago when I found out, from them, that they were using the platform to day trade) should crush the trading platform. Additionally, at least one class action law suit has been filed against Robinhood over their suspension of trading in Gamestop shares. Tucker Carlson did a segment with Dave Portnoy about this last night, with Portnoy contending that a bunch of people SHOULD be headed to jail. it's such a contentious issue that AOC, of CONgressional fame (or is that infamy) and Ted Cruz actually agree that "something needs to be done" by .gov which means that there'll be A LOT of hot air, but nothing will change, except maybe Robinhood ceases to exist, maybe.<br /><br />NemoAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-85539381555944369342021-01-29T02:19:49.908-05:002021-01-29T02:19:49.908-05:00Putting aside the entertainment value and the news...Putting aside the entertainment value and the news cycle, here are the takeaways:<br />1. This is the quintessential all-American story -- the little guy wins one for a change.<br />2. The autists involved did absolutely nothing wrong, they simply bought a rather risky stock. They won big in this case, but they could just as easily have lost their entire investment.<br />3. Anyone willing to do the research and take the financial risk could do the same thing. But most folks wouldn't even consider it, because it requires enormous balls and nerves of steel.<br />(You shouldn't play the game unless you're willing to risk the loss and still sleep at night.)<br />4. The apparent outrage over what amounts to normal investing behavior tells you everything you need to know about how thoroughly the markets have been rigged.<br />5. Everything else aside, the autists performed a positive service for the financial system, by making the markets function more efficiently. The technical term is "arbitrage". The wall street traders do it all the time, they just don't expect the little guy to do it too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-8042048395708379172021-01-29T00:57:48.270-05:002021-01-29T00:57:48.270-05:00As George Carlin said: "and you ain't in ...As George Carlin said: "and you ain't in the club". Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-365858055267871677.post-59824661993499022902021-01-28T23:33:05.439-05:002021-01-28T23:33:05.439-05:00Check out thezman.com blog...concise.Check out thezman.com blog...concise.Paul Mhttps://www.blogger.com/profile/09248818493242272352noreply@blogger.com