Economy stonks v13, gamestonkegeddon

I’m just coming in to wish everybody who is winning over the cancerous non producers who suck billions out of our economy the absolute best.

Do not let them cancel you. Understand they will use the woke lie to try.
 
Amerikuracana said:
I’m just coming in to wish everybody who is winning over the cancerous non producers who suck billions out of our economy the absolute best.

Do not let them cancel you. Understand they will use the woke lie to try.
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Yeah fuck those companies that help determine efficient markets by funding other effective companies! The people who really deserve the money are the hardworking reddit bros who sit around popping Adderall and making fraudulent claims online all day like real Americans!
 
rob mafia said:
i'm surprised you're happy with tos/tda.

their outages, interest rates, and option fees drive me insane.

funny anecdote, i talked to my tda guy (who kept calling me before this, for basically no reason) after the rh outage in 3/2020 and said i could move all my funds to tda if they could cut me a deal on the options fees. he tried to downplay the costs and said i wouldn't notice the fees. i begged to differ. he said one would need to trade tons of options for it to matter a lot. i laughed. he asked me how many options i traded in a month. his demeaner changed dramatically when i answered and he quickly ended the phone call, telling me that he'd call me back.

never did get another phone call from him.


also, didn't tda just restrict the same stocks in the past 2 days?




dude. he said it on national tv, for starters.
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No. They never restricted. They did raise margin requirements though.
 
GearSolidMetal said:


Everybody, left and right, should be taking notes which politicians these 'news sites' support and demonize.

Edit - This one's legit.

https://www.forbes.com/sites/johnta...ype-short-sellers-are-heroes/?sh=161f5df573cf
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That article seems like one giant strawman to me, and I don't even know much about all this shit. Maybe I'm wrong here...but...

Is anyone even making the argument that no hedge fund should ever short a company when they feel the stock price is too high? The article acts like that's the prevailing attitude.

My understanding is that you can't pull off a short squeeze (and definitely not this "gamma squeeze" thing) unless the funds are leveraged way too much on the short side of a stock. Just some hedge funds being short doesn't mean they can be squeezed if they can easily cover the calls, right? And isn't that why these Wallstreetbets guys had to pick the exact correct stock? So the lesson isn't "Dear hedge fund manager, never short another stock again or we'll come after you" because that wouldn't work anyway. The lesson is "Don't overextend a position and leave yourself vulnerable to things you can't control with no cap to your potential losses. Gambling that way is irresponsible."

Again, what the hell do I know? I'm more trying to learn here and be entertained than anything. But that just struck me as a bizarre view of what's happened here.
 
mkess101 said:
That article seems like one giant strawman to me, and I don't even know much about all this shit. Maybe I'm wrong here...but...

Is anyone even making the argument that no hedge fund should ever short a company when they feel the stock price is too high? The article acts like that's the prevailing attitude.

My understanding is that you can't pull off a short squeeze (and definitely not this "gamma squeeze" thing) unless the funds are leveraged way too much on the short side of a stock. Just some hedge funds being short doesn't mean they can be squeezed if they can easily cover the calls, right? And isn't that why these Wallstreetbets guys had to pick the exact correct stock? So the lesson isn't "Dear hedge fund manager, never short another stock again or we'll come after you" because that would work anyway. The lesson is "Don't overextend a position and leave yourself vulnerable to things you can't control with no cap to your potential losses. Gambling that way is irresponsible."

Again, what the hell do I know? I'm more trying to learn here and be entertained than anything. But that just struck me as a bizarre view of what's happened here.
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The lesson is:
Idiots will believe a half-truth about "short sellers" and then get duped into a pump and dump run that isn't a 1:1 comparison to what they've been told.
Which is why a bunch of people lost shitloads of money bidding up American Airlines this morning and then it crashed.
 
brackis1 said:
Hey My FUSE Friend just tagging you for the good MoneyLion News!
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Still holding GNOG. Selling calls for the 25 strike since it was a spac and runs up and then down. Yet to be assigned. Holding since 14.59.
 
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