|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
01-30-2021, 11:16am | #1 | ||||||
Chief Electrician
Barn Stall Owner #7734 Bantayan Kids '15
Join Date: Jan 2011
Location: The corner of Cease Rd. and Desist St.
Posts: 44,640
Thanks: 17,140
Thanked 33,826 Times in 13,707 Posts
Gameroom Barn Bucks: $107478
|
Wall Street GameStop
This experiment has brought something to light that has me thinking about investments. What happened with GameStop is a game changer (no pun intended). I would be VERY cautious about investing in any companies viewed as "conservative" because the manipulation seen this past week could cost you everything. Dumping brand A for brand B because they are liberal minded could be devastating and as a side effect, bolsters liberal dominance in our society. I was millimeters from investing in oil and held back, thankfully. The value in those stocks is going to tank and I imagine solar is going to go nuts purely by liberal manipulation coupled with EOs.
|
||||||
01-30-2021, 11:33am | #2 | ||||||
Barn Stall Owner #103
Join Date: Feb 2017
Location: North Cackalaky
Posts: 25,612
Thanks: 11,951
Thanked 31,478 Times in 10,919 Posts
Gameroom Barn Bucks: $108939
|
Game stop has nothing to do with liberals.
Bunch of millemums liked stock and company direction, found out is was being put out of business by hedge funds who would make billions on shorts which were over 141% of value of company. They stated buying up stock, hedge fund lost $2.7B. Became rally cry to F Wall Street. David and Goliath story |
||||||
The Following 10 Users Say Thank You to MadInNc For This Useful Post: |
01-30-2021, 11:44am | #3 | |||||||
Chief Electrician
Barn Stall Owner #7734 Bantayan Kids '15
Join Date: Jan 2011
Location: The corner of Cease Rd. and Desist St.
Posts: 44,640
Thanks: 17,140
Thanked 33,826 Times in 13,707 Posts
Gameroom Barn Bucks: $107478
|
Quote:
|
|||||||
The Following User Says Thank You to Aerovette For This Useful Post: |
01-30-2021, 11:45am | #4 | |||||||
A Real Barner
Join Date: Jun 2018
Posts: 7,612
Thanks: 1,974
Thanked 7,125 Times in 3,154 Posts
Gameroom Barn Bucks: $12721
|
Quote:
The "leader of the band" at WSB that started it off did so by trying to force something called a "gamma squeeze". He didn't buy shit tons of stock (very expensive), he bought shit loads of call options on the stock (lots cheaper), in an attempt to get the option market makers to buy shit loads of underlying to lay off their risk. Exactly how the cards fell after that is anyone's guess at this point, but I have the feeling you are going to see a bunch of specialists suddenly turning up broke as well as some hedge fund guys. |
|||||||
The Following 3 Users Say Thank You to Mick For This Useful Post: |
01-30-2021, 11:53am | #5 | ||||||
Barn Stall Owner #105
Join Date: Jan 2021
Posts: 1,223
Thanks: 210
Thanked 1,372 Times in 596 Posts
Gameroom Barn Bucks: $500
|
The scary part for me was when online brokers intervened. It's ok for hedge funds to screw the little guy but not the other way around.
As a swing trader, it opened my eyes. I've done ok because I trade only blue chip stocks. |
||||||
01-30-2021, 12:24pm | #6 | ||||||
Chief Electrician
Barn Stall Owner #7734 Bantayan Kids '15
Join Date: Jan 2011
Location: The corner of Cease Rd. and Desist St.
Posts: 44,640
Thanks: 17,140
Thanked 33,826 Times in 13,707 Posts
Gameroom Barn Bucks: $107478
|
This is being referred to as a scandal. Why? What laws were broken? What rules were broken?
|
||||||
01-30-2021, 12:52pm | #7 | ||||||
A Real Barner
Join Date: Apr 2019
Location: North Carolina
Posts: 17,377
Thanks: 4,960
Thanked 23,989 Times in 9,973 Posts
Gameroom Barn Bucks: $315482
|
I forsee rules/regs being instituted just to cover this situation, right now they're skirting in the grey area for what I understand.
|
||||||
The Following User Says Thank You to Rodnok1 For This Useful Post: |
01-30-2021, 1:12pm | #8 | ||||||
Barn Stall Owner #113
Bantayan Kids '14
Join Date: Apr 2010
Location: Here to make friends
Posts: 85,805
Thanks: 73,957
Thanked 17,168 Times in 7,019 Posts
Gameroom Barn Bucks: $306898
|
There will be a sharp correction for Gamestop and someone, probably these reddit users will be left holding the bag.
|
||||||
01-30-2021, 1:16pm | #9 | ||||||
A Real Barner
Join Date: Oct 2015
Location: The ‘burg
Posts: 12,041
Thanks: 4,996
Thanked 15,205 Times in 5,249 Posts
Gameroom Barn Bucks: $894473
|
Diversify.
/thread |
||||||
The Following User Says Thank You to Little Red L98. For This Useful Post: |
01-30-2021, 2:12pm | #10 | ||||||
A Real Barner
Join Date: Jun 2018
Posts: 7,612
Thanks: 1,974
Thanked 7,125 Times in 3,154 Posts
Gameroom Barn Bucks: $12721
|
I'm guessing that this ride, while fun to watch, is just about over. At some point, I believe the share price has to return to a level more reflective of the value of the company itself, say, somewhere in the $0 - $20 range. That is why I was looking to buy a put option at some point, to see if I could make a few dollars on that position. Guessing timing is always hard though.
|
||||||
The Following User Says Thank You to Mick For This Useful Post: |
01-30-2021, 3:17pm | #11 | |||||||
Barn Stall Owner #103
Join Date: Feb 2017
Location: North Cackalaky
Posts: 25,612
Thanks: 11,951
Thanked 31,478 Times in 10,919 Posts
Gameroom Barn Bucks: $108939
|
Quote:
My boy got in early, was in before the DDOS attacks, Robinhood blockage etc. who cares where it ends up, it’s personal to many early on people that used their $600 stimulus. I agree w position to F the Hedge funds. I saw their wrath at companies I worked at and impact on people |
|||||||
01-30-2021, 3:24pm | #12 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,682
Thanks: 4,608
Thanked 11,057 Times in 5,171 Posts
Gameroom Barn Bucks: $1007997
|
...
|
||||||
01-30-2021, 3:32pm | #13 | ||||||
Barn Stall Owner #1120
NCM Supporter '20,'21
Join Date: Jan 2016
Location: La Isla de Ira
Posts: 17,701
Thanks: 3,899
Thanked 18,676 Times in 8,265 Posts
Gameroom Barn Bucks: $1030760
|
It's not just hedge funds - there are a lot of professional investors doing shady things to make money at the expense of small investors. It's nice when the little guys can get some revenge.
|
||||||
01-30-2021, 3:53pm | #14 | ||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
AAL & SNDL are both part of this scandal too, along with about 8 other stocks. Let's just say it was nice owning them when Reddit brought them to my attention, and even better selling them for an 85% &124% profit respectively when they ripped. In full disclosure, I still own shares of both SNDL and AAL bought back after they dropped sub .75 and $17, respectively, post rip. My opinion? The Robin hood CEO should be strung up for limiting buying . He was paid off by hedge funds to do so imo. One hedge fund is a major stake holder in Robin hood. If you saw Vlad, the CEO, in any of his interviews, it appeared that he lied through his teeth and skirted every question that was asked him. Let's do it again !!! Now, if BITCOIN would just break 40k |
||||||
01-30-2021, 5:09pm | #15 | |||||||
Barn Stall Owner #103
Join Date: Feb 2017
Location: North Cackalaky
Posts: 25,612
Thanks: 11,951
Thanked 31,478 Times in 10,919 Posts
Gameroom Barn Bucks: $108939
|
Quote:
He a putz, yesterday gave his employee’s a $40 Door Dash credit “for holding strong” on the turmoil SEC will be looking at him for blocking trades to protect position of the hedge funds.... Guaranteed |
|||||||
The Following User Says Thank You to MadInNc For This Useful Post: |
01-30-2021, 5:31pm | #16 | |||||||
A Real Barner
Join Date: Feb 2012
Posts: 7,998
Thanks: 196
Thanked 4,412 Times in 2,421 Posts
Gameroom Barn Bucks: $15637580
|
Quote:
Games are designed for the latest technology which is/was unobtainable by the general public. Even if you can find the items in stock they're selling for twice the MSRP. The gaming industry is in the process of inflicting a fatal wound upon itself. The people who speculate that this is a good future investment must also be fond of playing Russian Roulette. |
|||||||
01-30-2021, 6:30pm | #17 | |||||||
Barn Stall Owner #103
Join Date: Feb 2017
Location: North Cackalaky
Posts: 25,612
Thanks: 11,951
Thanked 31,478 Times in 10,919 Posts
Gameroom Barn Bucks: $108939
|
Quote:
|
|||||||
01-30-2021, 6:52pm | #18 | ||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
What about AMC, AAL, SNDL, Tootsie Roll, STBX, etc???
He threw people a bone after GME dropped over $125.00?? Oh, thank you. If he ran his platform honestly, my AAL and SNDL would have quadrupled due to the hedge funds buying back the stock that they already manipulated and shorted down to almost nothing. He rigged the game for the hedgies by not allowing any more buying, therefore helping the hedge funds positions to fall back down helping their short positions...... Not cool. He pissed the wrong people off on this one. Time will tell what his consequences will be. He'll still be richer than his wildest dreams, so it won't really matter to him though. I use Ameritrade , so I was not restricted. |
||||||
01-30-2021, 7:36pm | #19 | ||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
DOGE to $1
__________________
This is my signature |
||||||
01-30-2021, 8:26pm | #20 | ||||||
A Real Barner
Join Date: May 2013
Location: NY/NJ
Posts: 4,194
Thanks: 679
Thanked 2,770 Times in 1,283 Posts
Gameroom Barn Bucks: $216475
|
now this is funny
|
||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||