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Bambi
Friendly Forrest Animal




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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27168684 - 01/25/21 09:05 AM (3 years, 3 days ago) |
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TD Ameritrade still wouldnt accept an order for a put spread or bear call spread
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"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27168687 - 01/25/21 09:08 AM (3 years, 3 days ago) |
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168734 - 01/25/21 09:37 AM (3 years, 3 days ago) |
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BUY EM BACK
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CHeifM4sterDiezL
Chief Globerts

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168739 - 01/25/21 09:44 AM (3 years, 3 days ago) |
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Seems like most things are shadowing the market rn. Even Microsoft or Lotta big tech didn't do much of anything crazy today.
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Enkidu
"No-Such-Person"


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168770 - 01/25/21 10:07 AM (3 years, 3 days ago) |
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Yeah looks like everything took a spike down for a second. Something in the news or something?
Half green and half red on my holdings, all small % changes
-------------------- Within You , Without You
      
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CHeifM4sterDiezL
Chief Globerts

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168775 - 01/25/21 10:09 AM (3 years, 3 days ago) |
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I think we'll see a big swing that the end of the day here then buckle up for some serious chop for the rest the week ending up about where she started. I think the volatility speaks to how nervous everyone actually is in the back thier head.
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CHeifM4sterDiezL
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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: CHeifM4sterDiezL]
#27168812 - 01/25/21 10:30 AM (3 years, 3 days ago) |
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Also lol @ Gamestop
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168815 - 01/25/21 10:32 AM (3 years, 3 days ago) |
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Lol WTF GameStop!! Man there is a lot I don’t understand about stocks, isn’t GameStop essentially an obsolete company?? Crazy kids and their Minecraft I guess.
So happy I had a few AAPL, haven’t touched their stop yet so am essentially breaking even on the day. A few PLCE performing well today too, hit another buy order for TLRY so now am at my full level of exposure with them. Am aware this could drop further to the 15 range and below, so will need to assess a proper stop level that keeps the trade ultimately profitable.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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ManianFH
living in perverty



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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27168820 - 01/25/21 10:34 AM (3 years, 3 days ago) |
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Thinking of picking up (some) BA here @ 200.
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27168837 - 01/25/21 10:45 AM (3 years, 3 days ago) |
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Theyre saying a bunch of reddit retards pumped it up in what seems to be essentially a troll squeeze on short sellers?
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168845 - 01/25/21 10:49 AM (3 years, 3 days ago) |
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Yeah idk about boeing lotta bullshit and what ifs going on rn
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168852 - 01/25/21 10:52 AM (3 years, 3 days ago) |
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Ya. So gamestop is a shitty company. Absolutely. Real value is maybe like 10 or $15. But it had a short interest of like 150%. A lot of countries don't let it get past 100%.
The shorts got caught offside and then the retard brigade put the squeeze on them. It is magnificent. I been reading WallstreetBets for 3 or 4 years. I used to be pretty good, when things were smaller. It kind of reminds me of that scene in Men In Black when he is talking about reading the tabloids. There is a ton of garbage in there. Most of it is useless. But once and while you find something that is spectacular. Getting behind gamestop was so good that that forum might own like 5-10% of all the shares right now.
I never bet the farm, but I just put in a bit to make it interesting and it's wild to see it go. It is the short squeeze to remember for sure.
Some dudes have like a couple million $ in there right now. It's bananas.
It's fun that it's been halted like 5 times today.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: ManianFH]
#27168854 - 01/25/21 10:53 AM (3 years, 3 days ago) |
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Quote:
Lol WTF GameStop!! Man there is a lot I don’t understand about stocks, isn’t GameStop essentially an obsolete company?? Crazy kids and their Minecraft I guess.
The move in GME has nothing to do with the company itself. The factor at play here is that the stock has over 100% of its float sold short, a result of "naked shorting" where firms are selling short without actually borrowing the stock from bonafide long positions. With over a week of average trading volume required to cover the outstanding shorts, this stock was setup for an explosive squeeze. Aggressive common stock buying alone can ignite a short squeeze in this sort of scenario, and because aggressive call buying will result in market makers purchasing some stock in an attempt to maintain neutral positioning, this can have the effect of pouring gasoline on an already potent short squeeze. There was a group of retail traders on reddit (Wall Street Bets) that had coordinated their effort to catalyze the squeeze, and it appears to have worked, although I doubt the majority of them have the sophistication to exit the trade gracefully, and there are likely a lot of losers who bought the move this morning that has since been rightly rejected.
In other news, the mid-morning swoon appears to have been largely algorithmic, however it isn't a settling way to start the week, and I will be staying flat with no trading positions for the balance of the day.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: geokills]
#27168869 - 01/25/21 11:01 AM (3 years, 3 days ago) |
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A similar short squeeze happened with Volkswagen

Quote:
Volkswagen Infinity Squeeze. The October 2008 short squeeze on shares of Volkswagen AG has since been referred to as the “Mother of all Squeezes”. It was also perhaps the earliest use of the term “Infinity Squeeze”. It was during the middle of the worst financial crisis since the Great Depression, and Volkswagen was increasingly being viewed as a potential bankruptcy candidate. In other words, Volkswagen was viewed as an exceptionally attractive short candidate. However, at very depth of the crisis, an orchestrated short squeeze on VW shares caused VW to briefly become the most valuable company in the world, worth more by market cap than Exxon Mobil.
The VW infinity squeeze seemed entirely counter intuitive at the time. And that is exactly the point. All infinity squeezes are the result of heavy over-shorting of shares which then become difficult or impossible to cover. Such aggressive over-shorting only occurs when the bear thesis against the fundamentals is conclusively strong and very well disseminated. In other words, stocks which appear to be the “best short ideas” are also the ones which often end up being most likely to see the most violent short squeezes.
At the peak of the Great Financial Crisis in October 2008, Volkswagen had been (rightfully) viewed as a high probability bankruptcy candidate. Even before the crisis, heavily indebted VW had already been struggling financially, and in the midst of a crisis, demand for new cars would surely plummet. Despite its troubled financials and business prospects, VW had reported several quarters of slightly better than expected earnings, leaving its share price surprisingly elevated at over €300. Combined, these factors made VW a seemingly very attractive short candidate as the financial crisis unfolded in 2008.
In fact, as the financial crisis unfolded in 2008, the entire auto sector was considered to be a highly attractive short trade. As a reminder, up until 2008, General Motors had been the largest automaker in the world for more than 70 years and had over 200,000 employees. But by December 2008, GM was being bailed out by the US government and by 2009 GM had entered bankruptcy. Automaker Chrysler would file for bankruptcy at roughly the same time in 2009. Against this backdrop, in late 2008 a short bet on troubled Volkswagen seemed like an absolute no brainer.
Prior to 2008, Porsche had already been a significant shareholder in VW. Then in October 2008 Porsche took its stake to 30%, even getting board approval to ultimately take that stake to over 50%. However, statements from Porsche at the time had led most investors to believe that Porsche would not be attempting a full-blown takeover.
And in any event, during the financial crisis, luxury car maker Porsche was even more financially strained than VW. There seemed to be little risk of Porsche having any realistic ability to corner the market on its much larger rival VW
Confusion over “short vs. float”. Prior to the announcement from Porsche, and as the financial crisis was becoming more apparent, short interest in VW had been steadily rising. But even by October 2008, the short interest seemed not excessive, at just 12.8% of outstanding shares. But what the market failed to appreciate was that the true availability of tradeable shares to cover those short positions was actually far lower than what many understood.
In addition, various index funds owned around 5% of VW due to VWs large weighting in the DAX index. These index funds were required to hold VW in proportion to its weight in the DAX, such that they would not be able to sell simply due to changes in the price of VW. Volkswagen alone made up 17% of the DAX index at the time.
Looking at the above, it is clear that heading into October of 2008, around 55% of VW shares were already unavailable in the market for any realistic purposes. As a result, when Porsche increased its stake by an additional 44%, it meant that the true available float went down from 45% of outstanding shares to around just 1% of outstanding shares. Suddenly the seemingly “low” short interest of 12.8% turned in to a massive supply and demand imbalance. Millions of shares needed to be bought immediately even though there were simply no shares available to be sold.
Just to ensure that short sellers fully understood the urgency of their calamity, Porsche made sure to include in its announcement a few words to address the short position.
Porsche stated that they had:
“decided to make this announcement after it became clear that there are by far more short positions in the market than expected.”
Porsche added that:
“the disclosure should give so called short sellers – meaning financial institutions which have betted or are still betting on a falling share price in Volkswagen – the opportunity to settle their relevant positions without rush and without facing major risks.”
Despite the disarming choice of wording, the statement from Porsche had precisely the effect that anyone would have expected. The announcement triggered a mass panic for the exits by anyone who was short shares of VW.
Porsche had also made this announcement on a Sunday, when the market was closed. As a result, the message would be widely disseminated at a time when short sellers would have zero ability to cover their positions until the market reopened.
Note: Seven years after the VW infinity squeeze, Martin Shkreli would make use of nearly identical tactics and timing when orchestrating a 10,000% short squeeze on KaloBios (KBIO). Shkreli made his explosive announcement on Thanksgiving day, when markets were closed.
The VW Infinity Squeeze. Following the announcement by Porsche, the resulting panic caused a short squeeze in VW shares that saw the deeply troubled automaker briefly become the most valuable company in the world – despite being in the middle of the worst financial crisis since the great depression. VW’s share price briefly exceeded €1,000 intraday with a market cap of over €300 billion.
Porsche wins. Everyone else loses. Big. As a result of its skillful financial engineering, Porsche netted itself more than $10 billion in profits in a matter of just a few short weeks. It was money that was badly needed by Porsche. Luxury car sales were plunging due to the crisis and Porsche was already saddled with significant debt.
On the other side of the trade, the hedge funds who had sold VW short quickly saw their collective losses exceed $30 billion. Hedge fund managers were “literally in tears on the phone” as they described “a nuclear bomb going off in our faces.”
https://www.reddit.com/r/weedstocks/comments/dyecsj/ever_heard_the_story_of_volkswagen_2008_infinite/
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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CHeifM4sterDiezL
Chief Globerts

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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27168883 - 01/25/21 11:08 AM (3 years, 3 days ago) |
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1pm now the rest the day here will tell alot about the week ahead I think
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Ahab McBathsalts
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Registered: 11/25/02
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168887 - 01/25/21 11:11 AM (3 years, 3 days ago) |
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I've been hearing more and more about a blow off top. I think it's fairly likely, but still a couple months away.
It's going to just keep melting up.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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CHeifM4sterDiezL
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: Ahab McBathsalts]
#27168900 - 01/25/21 11:19 AM (3 years, 3 days ago) |
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Theres def a sell coming. Where when and how much is anyone's guess. Everything's still coasting on stimulus rn. But its also hard to say what could happen if we actually roll out a vaccine and open everything back up. My biggest thing right now is just how fucked supply chain logistics are and the overall global economic downturn these things absolutely throw a wrench in things and have a global ripple
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Ahab McBathsalts
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Re: STOCKS - An Intro Tutorial & Ongoing Discussion [Re: CHeifM4sterDiezL]
#27168911 - 01/25/21 11:22 AM (3 years, 3 days ago) |
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I can't get my order to sell on Gamestop. It's a way more disorderly market than the price action would have you believe. Mind you the 5 trading halts should have tipped me off.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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CHeifM4sterDiezL
Chief Globerts

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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Ahab McBathsalts]
#27168926 - 01/25/21 11:32 AM (3 years, 3 days ago) |
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Looks like the markets still buying this afternoon everyone bails by the end the day tho. Looks like TLRY is dead in the water at 16.5
Edited by CHeifM4sterDiezL (01/25/21 11:33 AM)
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CHeifM4sterDiezL
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Re: Revisiting Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: CHeifM4sterDiezL]
#27168931 - 01/25/21 11:34 AM (3 years, 3 days ago) |
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It might already be going right there
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