A proper analogy is not something that one just "wings."Quote:
Originally Posted by cravenmorhead
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A proper analogy is not something that one just "wings."Quote:
Originally Posted by cravenmorhead
This whole thing is fascinating to me. Thanks for all the info posted.
And when does the movie start production?
To the layman it appears the markets are completely disconnected from day to day reality, push companies to offshore jobs, funnel capital to the top with little regard for the general welfare, are solely focused on profit and shrug off the secondary effects of their profit based decision making as a necessary evil or even a social good despite the real world impacts on humans not bank accounts.Quote:
Originally Posted by MultiVerse
Im saying that as someone who has their retirement riding on the stock market going up.
RH got a margin call from the clearinghouse. Margin requirements can change and Robinhood is not exactly deep pocketed.
Edit: I see that RH self clears. The risk managers probably stepped in. Like the movie "Margin Call."
Yeah, there's an argument equity markets do less to serve the social function equity markets are supposed to serve than they once did. It's also a historical fact that only market-oriented economies allow people to live better lives than their parents lived.Quote:
Originally Posted by char_
So if casino finance, capital structure manipulation, front-running, socializing risk, creates a situation where lots of people feel like they're no longer seeing forward progress in their material lives then that's a problem for liberal democratic capitalism.
When you step back, it just seems like even though there's always plenty of reasons for short run pessimism the long run story clearly calls for optimism.
Not so complicated; you can put in a trade and allow it to executed before and after market close. If you check a ticker on google, the greyed-out price information is from AH activity.Quote:
Originally Posted by Micol
Though a lot of shorts need to cover tomorrow into early next week. I'd be surprised if today repeats itself, though none of this is "normal" or particularly predictable.
^ thanks everybody ..... bAM! out tendies!
Perhaps make short-term capital gains rates *really* high? Punitive, even...Quote:
Originally Posted by MultiVerse
Just spit-balling here. :fmicon:
They already are. Wait till the newly minted Robinhood traders get their 1099's.Quote:
Originally Posted by skaredshtles
Not for the IRA Gang!Quote:
Originally Posted by Timberridge
Like fuck they are. Top rate of 37%? That's bullshit. Make the short term rate *twice* the trader's marginal rate.Quote:
Originally Posted by Timberridge
You might be onto something. Perhaps this is a way to fund the Social Security deficit?Quote:
Originally Posted by cravenmorhead
Yeah just the rich, fuck 'em. You don't want to inadvertently penalize the unemployed dads with Reddit accounts just trying to grab a slice.Quote:
Originally Posted by skaredshtles
u/DeepFuckingValue on Reddit was up $33m+ at one point, and he was holding everything in the Canadian version of an IRA.Quote:
Originally Posted by Timberridge
The memes are rolling out fast. First one's really just an excuse for me to post a Margot Robbie pic. Sheer perfection. [chefs kiss]
https://cdn.digg.com/wp-content/uplo...nVEAAJQdn.jpeg
https://i.kym-cdn.com/photos/images/...04/312/f7e.png
https://cdn.ebaumsworld.com/2021/01/...emes-adds5.jpg
https://cdn.ebaumsworld.com/2021/01/...emes-adds3.png
https://cdn.ebaumsworld.com/2021/01/...ets-memes9.jpg
https://cdn.ebaumsworld.com/2021/01/...emes-adds1.png
I enjoyed:
https://i.redd.it/8bels7zob4e61.jpg
Interested to hear what those more knowledgeable on the subject have to say about this lawsuit. Is RH fucked for restricting trading or what?
I believe its called an E-pump&dump
If you were to do that with cattle they'd hang you. (A doc I worked for did invest in cattle--something he knew absolutely nothing about--as a tax shelter, back when there were such things. He lost all his money--the guy sold the same cattle to a lot of different people--and the IRS disallowed the tax loss. I told him you shouldn't invest in cattle unless you can rope and brand them.)Quote:
Originally Posted by ColMan
Quote:
Originally Posted by char_
Have you considered cattle?
I only invest in plastics.Quote:
Originally Posted by old goat
Did you know Dustin Hoffman and Ann Bancroft were only 6 years apart in age?Quote:
Originally Posted by char_
can someone tell me if TDA is limiting options available to account holders to in the money only? this is what i am seeing and its not providing the long long pie in sky stuff like a 14 day Call 300 strike price or 400 strike.....
or should i be clicking somewhere else??
Attachment 360228
Not fractional vacation ownership in Mexico???? PM Art ShirkQuote:
Originally Posted by char_
That Saagar Enjeti guy definitely fucks
“Securities with trading restrictionsQuote:
Originally Posted by Micol
We have placed some restrictions on the following securities. These restrictions will not prevent clients from making basic buy and sell transactions. This list is as of January 28, 2021, 4:00PM ET.
AMC, CVM, EXPR, FOSL, GME, NOK, BB, BBBY, FIZZ, GSX, IRBT, NCMI, TR, UONE, VIR, NAK, NAKD, DDS, KOSS
The following restrictions are in place:
Stocks - 100% holding requirement (not marginable)
Long calls and puts are allowed
Covered call and short put orders may only be placed with a broker. Please be aware that wait times to speak with a broker may be longer than normal due to current market conditions.
Covered calls only allowed if your account currently has the shares
Short puts only if you have the maintenance/cash to cover the entire exercise amount of the short puts
All other complex options orders will not be accepted
We may also implement additional restrictions on the opening of option trades that expire Friday, January 29th
Please keep in mind that this list is not inclusive of every security restriction and may change at any time.“
Market manipulators angry that market manipulators won't allow them to manipulate the market like the market manipulators used to manipulate the market in the past.
I saw this on Twitter and it made me laugh.
"Wall Street clearly underestimated a generation raised on highly coordinated Friday night World of Warcraft raids." Which is as probably as close to the truth as anything else.
Ha! That's the most perfect explanation I've seen. WoW raids were epic back in the day. Wanna see people take this stuff next level tho? Check out the EVE Online crowd. Those guys go bonkers with their spreadsheets and epic space battles. Intergalactic financial wars and stuff. Wall Streets got nothing on that community. That could very well be the Redditors they're dealing with.Quote:
Originally Posted by Stu Gotz
Sent from my Pixel 3 using TGR Forums mobile app
We joke about this, but its serious business that regulators need to understand and quick. Robinhood was accessing credit lines today and I'm sure the rest of the discount brokers were buttoning down to stop things from spiraling out of control. This time it was a small(ish) cap stock that got pumped. The next time its some smart due who figures out a real pressure point and you've got the unwashed masses creating real systemic risk.Quote:
Originally Posted by MontuckyFried
AmbushQuote:
Originally Posted by jono
Quote:
Originally Posted by Stu Gotz
Serious question.
If this pressure point exists, and is presumably profitable, why hasn’t some smart dude with access large sums of money hasn’t done it already? I assume some other smart trader could have done the same thing to Melvin that reddit did? (Pretty sure Lee Lau has explained similar things happening, maybe I am misunderstanding.)
Is it illegal for Jim Cramer to get on TV and say “hey, this stock is being shorted in a stupid way, you should buy it and make money the same way those reddit guys did.?
Ha, that would be fun to watch happen.
Re: targets - What if one of these extreme groups put together a large enough bundle of cash to hit a couple of those pressure points?
To take ^^that a step further, even if we assume that WSB attracts lots of attempts to do this again, the whole thing is based on real facts. WSB (or any collection of investors) should naturally be wary of people wandering in and talking their own books--and will tend to be the more often it happens.
This whole thing seems a lot closer to open source security than dark pool manipulation to me.
Another question:
would it it be illegal for another investment firm to notice Melvin’s position, take the opposite position and advertise publicly that they had taken that position? I assume not since Didn’t we watch this sort of thing play out with a supplements company a few years ago?
Not illegal at all. In my 20 years of shortselling nothing has been as such a suicidal short trap as GME. I've not had such conviction in a trade for a long time. This thing was a slam dunk for 30s. Cashing out at 450s was, of course, unexpected.Quote:
Originally Posted by char_
It happens all the time. They happen to be called "funds" and they wear nice suitsQuote:
Originally Posted by gravitylover
Quote:
Originally Posted by LeeLau
So so is there a serious case to be made for regulation, or is this just elites trying to protect themselves?
Robinhood says they are allowing “limited trades” of everything they shut down today. I’m not sure what that means, but I have a feeling it will be another wild day tomorrow.
There is regulation against shorting shares without a borrow aka naked shortselling. There are numerous loopholes to circumvent the laws. The loopholes are, of course, available only to well-capitalized fundsQuote:
Originally Posted by char_