Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
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Money on the way.
If my kooky UWMC 2/19 12.5 calls pan out in two weeks I’ll give away some more.
If my kooky UWMC 2/19 12.5 calls pan out in two weeks I’ll give away some more.
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There's no FDIC coverage on brokerage accounts.
There's SIPC coverage: SIPC - What SIPC Protects
The last time that kicked in was with Madoff and it took years and they're at like 60% recovery.
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Sanrith Descartes
You have insufficient privileges to reply here.
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Rajaah
Honorable Member
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So someone recently edited that in?
Jeffrey Psaki is definitely a manager at Citadel, that much can be confirmed easily enough. I don't see anything concrete saying they're actually related or that it's anything more than a coincidence. I could be wrong but yeah.
Gravel
Mr. Poopybutthole
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May not be the same guy, but at the very least, fuck that dude. Apparently worked at Lehman in 2008 as a SVP.
Kiroy
Marine Biologist
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I'm not a fan of the splooging out free money, but if it makes hedge fund billionaires mad and contributes to them losing money... guess I found my glass is half full look at the situation
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Khane
Got something right about marriage
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Its funny how out of touch people are.
Yea... it's only poors using their stimulus checks pumping this stock to short squeeze the hedge funds. Its definitely not regular investors who are still employed and are using trading accounts that were already funded prior to 2020.
Nope, it's entirely stimmy money.
Yea... it's only poors using their stimulus checks pumping this stock to short squeeze the hedge funds. Its definitely not regular investors who are still employed and are using trading accounts that were already funded prior to 2020.
Nope, it's entirely stimmy money.
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Hateyou
Not Great, Not Terrible
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Gravel
Mr. Poopybutthole
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I mean, it's like people think the rest of Wall Street are ignoring this too or something. In the grand scheme of things, even if this is a few hundred billion, the market is trillions. There are plenty of Wall Streeters that didn't short these companies and are ready to pounce on all this easy retail money. I'm sure they're playing this thing big time.
Anyway, I'm curious if one of our smart people can give insight to this WSB post, as most of the people seem to just be saying fuck off. Is it reasonable to basically have whomever lent the shares essentially say, "I know what's going on here (everyone does), so I'm good with not margin calling because I know if I do, I'm also getting fucked." And so the short holder can eat the fees which will inevitably be less than infinite losses, and the lender eventually gets paid maybe months from now. Wall Street can definitely outlast all these people before they start getting antsy and want out. They're all diamond hands right now, but will they be in a month when they've got $20k (or 500k) burning a hole in their brokerage account?
Khane
Got something right about marriage
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Imagine if we executed corrupt financial regulators in the US!
www.cnn.com
Former China Huarong chairman executed after bribery conviction | CNN
The former chairman of China Huarong Asset Management Co., Lai Xiaomin, was executed on Friday following his conviction on bribery charges by a court in Tianjin, the official People’s Daily reported.
www.cnn.com
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Gravel
Mr. Poopybutthole
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To add to my post (as I'm reading more), it's also highly likely that all of those sub-$100 shorts have been covered. Why wouldn't a hedge like Melvin ride this wave up with the rest of the autists, use that to cover their losses, and take out new shorts in the $100-300 range?
I mean, the hedge funders know exactly what the Redditors are doing. And they're not dumb people (well, outside of their short debacle).
But they've had ample opportunity at this point to get out of this pickle.
I'd love to hear a rebuttal to it as to how they were somehow screwed. Or why their lender would purposefully screw the hedge fund and take down the market when they'd be screwing themselves.
I mean, the hedge funders know exactly what the Redditors are doing. And they're not dumb people (well, outside of their short debacle).
But they've had ample opportunity at this point to get out of this pickle.
I'd love to hear a rebuttal to it as to how they were somehow screwed. Or why their lender would purposefully screw the hedge fund and take down the market when they'd be screwing themselves.
Fogel
Mr. Poopybutthole
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He says a lot here without providing any data about his hypothesis so take it with a huge grain of salt
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Everyone on both sides knows that GME isn't real. It's a smash and grab. Many will go broke, so some poor autists can go rich.
Threelions
Victory Through Harmony
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Anyone with half a brain has realized if you didn’t get out yet (GME), you may be absolutely fucked. Monday will certainly decide what I end up doing. Would love some tendies as a surprise.
I also assume when it does crash it’s going to happen so fast if you aren’t actively trading you’ll be left with a dump in your shorts/pants (if winter)
I also assume when it does crash it’s going to happen so fast if you aren’t actively trading you’ll be left with a dump in your shorts/pants (if winter)
Gravel
Mr. Poopybutthole
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There will never be data to back it up. The hedge funds aren't going to tell us what they're doing.
That's what I was asking if there's any reason not to believe it's possible.
I'm of the mind that a hedge fund manager with billions in assets and the advantage of having WSB being publicly available, would do everything they could to "hedge" their position and not get completely fucked. With the shenanigans we had, is there any reason to believe that guy's post on Reddit is bullshit?
If you had said, "the volume just doesn't support them closing out all their shorts," I could say, "cool, sounds good." So...does anyone have a rebuttal?