Author Topic: AMC share price quadruples as retail traders raid hedge-fund short targets  (Read 9655 times)

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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #50 on: January 29, 2021, 12:39:15 pm »
The GameStop phenomenon has gone global
https://www.cnn.com/2021/01/29/investing/premarket-stocks-trading/index.html
January 29, 2021

The GameStop (GME) mania that's hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try to get in on the action.

What's happening: Shares of companies that are heavily shorted — indicating that institutional investors are betting they will fall — have been scooped up on a number of global exchanges....
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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #51 on: January 29, 2021, 12:42:39 pm »
I'd make a call that Short Trading be eliminated from the markets, but then I realize these low lifes would figure out a different way to game the system.

From a gambling standpoint, the caveat with short selling is that your liability is unlimited.   The most you can possibly win on your bet is the initial value of the stock.  There is no ceiling on what you can lose.

Because of this, it is surprising to me that brokerage houses allow them to do it in the first place.  The potential for disaster here is no different from the margin calls that caused the October 1929 stock market collapse.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #52 on: January 29, 2021, 12:43:32 pm »
Sorry, but where did I say they are villains?  For what it's worth, I've been cheering them on (in my home, if not making that clear in my posts.) I think this whole thing is hilarious and very telling, in how the system is stacked against ordinary people.

Sorry, I mis-infered. I figured the term "autist" was an insult.

Agree, on the balance, In a good real world, these Reddit boys might permanently function as the "Short Police".  Complict SEC will have none of that, I am sure.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #53 on: January 29, 2021, 12:52:22 pm »
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #54 on: January 29, 2021, 12:53:03 pm »
So let me get this straight, please?

The few core-owners of AMC, the movie theater chain that was essentially bankrupt due to the 'Pandemic'... earned BILLIONS of $$$ yesterday??

Only if they sold their stock.  A stock is only worth what it is sold for.  The company itself was able to unload $600 million in debt to Silver Lake, probably at around 20 cents on the dollar.  But for a major shareholder to unload stock, that throws up enough red flags to make it not worth the trouble.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Ghost Bear

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #55 on: January 29, 2021, 12:56:12 pm »
Sorry, I mis-infered. I figured the term "autist" was an insult.

Agree, on the balance, In a good real world, these Reddit boys might permanently function as the "Short Police".  Complict SEC will have none of that, I am sure.

"Autist" is one of the more polite words they use to describe themselves. Go to https://www.reddit.com/r/wallstreetbets/ and see for yourself.

One of their memes (which had me laughing out loud) :

https://www.reddit.com/r/wallstreetbets/comments/l7tlyw/wsb_vs_ws/?utm_source=share&utm_medium=web2x&context=3

(sorry, I'm not able to embed it.)
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Offline Hoodat

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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #57 on: January 29, 2021, 01:08:42 pm »
The GameStop phenomenon has gone global
https://www.cnn.com/2021/01/29/investing/premarket-stocks-trading/index.html
January 29, 2021

The GameStop (GME) mania that's hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try to get in on the action.

What's happening: Shares of companies that are heavily shorted — indicating that institutional investors are betting they will can make them fall — have been scooped up on a number of global exchanges....

Fixed it!
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline thackney

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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #59 on: January 29, 2021, 01:27:15 pm »


https://www.reddit.com/r/wallstreetbets/comments/l7tlyw/wsb_vs_ws/?utm_source=share&utm_medium=web2x&context=3

(sorry, I'm not able to embed it.)

That was a hoot.  Bloomberg TV just came up short of calling the Reddit brigade econ-terrorist.   The financial swamp is shitting in their pants. 
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #60 on: January 29, 2021, 01:33:27 pm »
Remember these lines from Trading Places?

Billy Ray Valentine: [watches Louis clean his shotgun] You know, you can't just go around and shoot people in the kneecaps with a double-barreled shotgun 'cause you pissed at 'em.

Louis Winthorpe III: Why not?

Billy Ray Valentine: It's called assault with a deadly weapon. You get twenty years for that shit.

Louis Winthorpe III: Listen, do you have any better ideas?

Billy Ray Valentine: Yeah. You know, it occurs to me that the best way you hurt rich people is by turning them into poor people.

Coleman: You have to admit, sir, you didn't like it yourself a bit.


I want to see every one of these hedge fund schmucks living in a one-bedroom apartment and dodging the landlord because they don't have this months rent.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline XenaLee

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #61 on: January 29, 2021, 01:34:40 pm »
That was a hoot.  Bloomberg TV just came up short of calling the Reddit brigade econ-terrorist.   The financial swamp is shitting in their pants.

Funny how... it's always 'different' if/when it's THEIR wallets and bank accounts that are getting decimated, eh?
No quarter given to the enemy within...ever.

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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #62 on: January 29, 2021, 01:46:01 pm »
Remember these lines from Trading Places?



Financial lexicon needs to be adjusted for the term "Winthorped"  and defined as whacking a sleazy financial trader with his own tools.  :silly:
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #63 on: January 29, 2021, 01:59:38 pm »
Looking ahead at future other targets, here is supposedly the 10 most shorted stocks at this moment...

https://qz.com/1965817/beyond-gamestop-these-are-the-10-most-shorted-stocks/?utm_source=YPL

I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online mountaineer

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #64 on: January 29, 2021, 02:46:38 pm »
CBS News   @CBSNews
A reporter asked White House press secretary Jen Psaki about GameStop.
"I know it’s a big story, but our focus and our big story is getting the American people back to work," Psaki answered.
https://cbsn.ws/3j07y3Y
12:26 PM · Jan 29, 2021·


Geoffrey Miller  @primalpoly
BTW, you all know that WH Press Secretary Jen Psaki's brother Jeffrey Psaki is a portfolio manager at hedge fund Citadel LLC -- one of the main short sellers getting crushed by WSB in the GameStop thing?
He seems to have taken down his LinkedIn profile:
https://linkedin.com/in/jeffrey-psaki-bbb38a86/
1:30 PM · Jan 29, 2021·

just your avg joe  @jdeclue
Replying to  @primalpoly
They removed her brother, saying he is not notable enough to be included in her BIO. That is really sketchy. Major changes today and they all protected her entry.

2:35 PM · Jan 29, 2021

Twitter thread at

https://twitter.com/jdeclue/status/1355238079360094212
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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #65 on: January 29, 2021, 02:48:36 pm »
Candace Owens @RealCandaceO
15m
Wow. They actually did it. CNN is already beginning to call Redditors anti-Semitic white supremacists.
They are setting the stage to give the wealthy, hedge fund elites their billions back.
This is sick stuff but they’ve been doing it for years to Trump supporters.
“All Democrats are not horse thieves, but all horse thieves are Democrats.”—Horace Greeley, 1872

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #66 on: January 29, 2021, 02:54:09 pm »
Candace Owens @RealCandaceO
15m
Wow. They actually did it. CNN is already beginning to call Redditors anti-Semitic white supremacists.
They are setting the stage to give the wealthy, hedge fund elites their billions back.
This is sick stuff but they’ve been doing it for years to Trump supporters.


Wow, they really are panicking, and going all Alinsky on 'em.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline XenaLee

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #67 on: January 29, 2021, 02:58:14 pm »
Wow, they really are panicking, and going all Alinsky on 'em.

They're so panicked... that they forgot to include their favorite slur, "racist".
No quarter given to the enemy within...ever.

You can vote your way into socialism, but you have to shoot your way out of it.

Offline Hoodat

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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #69 on: January 29, 2021, 03:12:59 pm »
Candace Owens @RealCandaceO
15m
Wow. They actually did it. CNN is already beginning to call Redditors anti-Semitic white supremacists.
They are setting the stage to give the wealthy, hedge fund elites their billions back.
This is sick stuff but they’ve been doing it for years to Trump supporters.


Now THAT pisses me off.  It makes me want to buy some GME shares.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #70 on: January 29, 2021, 03:19:30 pm »
An Open Letter to Melvin Capital

This is personal.

Kudos to that youngster.  He's putting it all on the line, and I applaud his candor, heart, and bravery.

It is a true David and Goliath story playing out in front of us, and the world is watching.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #71 on: January 29, 2021, 03:22:42 pm »
Now THAT pisses me off.  It makes me want to buy some GME shares.

I am thinking about it too.  I know it will be money down the drain, but also see it as a donation to the cause of bringing corrupt financial institutions down to their knees.

Think they would like a Boomer participant?   :cool:
« Last Edit: January 29, 2021, 03:23:30 pm by catfish1957 »
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #72 on: January 29, 2021, 03:41:21 pm »
According to WallStreetBets, 113% of total stock is still shorted.  Some of the stock has been recovered by the original hedge funders and paid out to satisfy the short, but more funders have jumped in since then and shorted again.

If there is really 113% still outstanding, then these funders are in deep doodoo.  If the call dates are ever published, it would up the ante considerably.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #73 on: January 29, 2021, 03:54:22 pm »
According to WallStreetBets, 113% of total stock is still shorted.  Some of the stock has been recovered by the original hedge funders and paid out to satisfy the short, but more funders have jumped in since then and shorted again.

If there is really 113% still outstanding, then these funders are in deep doodoo.  If the call dates are ever published, it would up the ante considerably.

GME Shorty's are having quite a Duke and Duke moment aren't they?



I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #74 on: January 29, 2021, 04:06:42 pm »
Quote
BTW, you all know that WH Press Secretary Jen Psaki's brother Jeffrey Psaki is a portfolio manager at hedge fund Citadel LLC -- one of the main short sellers getting crushed by WSB in the GameStop thing?

No! I didn't know that but it doesn't surprise me in the least now that I do.  The swamp gives incest a bad name!
"I wish it need not have happened in my time," said Frodo.

"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
- J. R. R. Tolkien

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #75 on: January 29, 2021, 04:47:31 pm »
GME closed at $325 (up about $130) despite misinformation effort (illegally) pushed by one of the hedge funds.  Rumor put forth that call day was today and that stock would be worthless afterwards.  The Reddit pajama buyers held firm.

Meanwhile, the DOW dropped 2% after the Biden Administration tipped its hand in support of the hedge fund managers.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #76 on: January 29, 2021, 06:25:51 pm »
Meanwhile, the DOW dropped 2% after the Biden Administration tipped its hand in support of the hedge fund managers.
Just checked our investment account: down 0.9%. Supposedly strong, conservative stocks like Walmart, Microsoft, Home Depot were way down.   9999hair out0000
“All Democrats are not horse thieves, but all horse thieves are Democrats.”—Horace Greeley, 1872

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #77 on: January 29, 2021, 06:35:57 pm »
Just checked our investment account: down 0.9%. Supposedly strong, conservative stocks like Walmart, Microsoft, Home Depot were way down.   9999hair out0000

Reflecting a developing lack of confidence in Wall Street in general, especially now with Pedo Joe backing the bad guys.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #78 on: January 29, 2021, 06:56:41 pm »
Reflecting a developing lack of confidence in Wall Street in general, especially now with Pedo Joe backing the bad guys.
I have to agree.
“All Democrats are not horse thieves, but all horse thieves are Democrats.”—Horace Greeley, 1872

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #79 on: January 29, 2021, 07:11:21 pm »
I have to agree.

This is going to hurt everyone in the short term , due to shaken confidence, but IMO medicine needed to cut out the cancer.
« Last Edit: January 29, 2021, 10:48:11 pm by catfish1957 »
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #80 on: January 29, 2021, 07:50:46 pm »
Candace Owens @RealCandaceO
15m
Wow. They actually did it. CNN is already beginning to call Redditors anti-Semitic white supremacists.
They are setting the stage to give the wealthy, hedge fund elites their billions back.
This is sick stuff but they’ve been doing it for years to Trump supporters.


Wow, bold move for a web site with 50 million users a day.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #81 on: January 30, 2021, 10:19:50 am »
Even though it is from the enemy CNN, this is not a bad article describing the Reddit WSB Army.  Fascinating David/Goliath story of where the common folk have fought back and screwed over those who have screwed society for decades.  I wish them the best.....

https://www.cnn.com/2021/01/29/investing/wallstreetbets-reddit-culture/index.html

I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #82 on: January 30, 2021, 10:34:12 am »
Wow, bold move for a web site with 50 million users a day.

Television screens in airports that cannot be turned to any other channel should not be counted as 'users'.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #83 on: January 30, 2021, 10:54:59 am »
Even though it is from the enemy CNN, this is not a bad article describing the Reddit WSB Army.  Fascinating David/Goliath story of where the common folk have fought back and screwed over those who have screwed society for decades.  I wish them the best.....

https://www.cnn.com/2021/01/29/investing/wallstreetbets-reddit-culture/index.html

They do not paint WSB in a favorable light at all.  But the underlying message here is the cynicism and fatalistic outlook of our millennial generation.  They are already convinced that they will be handed a world that is far worse off than their parents' generation.  With national debt exceeding the GDP and a social security 'safety net' that is in real terms bankrupt now and on paper bankrupt a decade from now, they feel powerless over their circumstances and have lost hope for the future.  That is why so many are willing to forgo that future and risk everything now just to squeeze some enjoyment out of life.

The other takeaway is that this isn't about investment.  It is gambling, pure and simple.  It is no different from picking horses at the track, except that this track stays open 24/7, thanks to the wonderful internet.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #84 on: January 30, 2021, 11:11:17 am »
They do not paint WSB in a favorable light at all.  But the underlying message here is the cynicism and fatalistic outlook of our millennial generation.  They are already convinced that they will be handed a world that is far worse off than their parents' generation.  With national debt exceeding the GDP and a social security 'safety net' that is in real terms bankrupt now and on paper bankrupt a decade from now, they feel powerless over their circumstances and have lost hope for the future.  That is why so many are willing to forgo that future and risk everything now just to squeeze some enjoyment out of life.

The other takeaway is that this isn't about investment.  It is gambling, pure and simple.  It is no different from picking horses at the track, except that this track stays open 24/7, thanks to the wonderful internet.

I was viewing it more from the technical side.  That's why I prefaced it that "Enemy CNN" had its stamp on it, as you know how they slant everything.  But, there is also another aspect...   I have said many disparaging things about millenials, but every once in awhile they'll do something that pleasantly suprises me.

I think they are close to meeting their objectives.  You are right, investing is gambling, except that there is less randomness in investing than casinos., as long as  you do your homework, research, and do it wisely.  On the flip side the WSB is helping unravel the Ponzi aspects of Futures Trading. IMO they have done a communtiy service by clipping the wings of scumbags who through this practice has skimmmed equity value from hard working investors.  Because Hedge Fund Managaers are bascially Jackals feeding on the carcass of dying stocks. F them.

I am sure there will be some bi-ops of more favorable nature as this story continues, but this one was a pretty good primer to the uninfomed.
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Offline IsailedawayfromFR

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #85 on: January 30, 2021, 11:47:16 am »
Looking at the forest instead of just the trees, this all suggests the time to exit positions is here.

Underlying asset value is not reflected in the stock market.

I intend to significantly scale back as such.
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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #86 on: January 30, 2021, 12:03:03 pm »
Looking at the forest instead of just the trees, this all suggests the time to exit positions is here.

There are a large number of these 'rebels' who are 'in' for 10 shares or less, purely for entertainment value.  They will hold no matter what (unless the value reaches 5 figures).  The big questions is how much of a fraction of total stock holders do these individuals represent.

If this story gains momentum and more like-minded individuals sign on, purchasing two shares here and three shares there, then their clout will increase.  At present, there are a lot of sizeable 'investors' who are holding moderate chunks of GME waiting for the price to reach a certain point before selling.  And they are grateful for the renegades who are standing firm to maintain the price.  But at the point they are willing to sell, the renegades will need to cover that gap in order to reach their five-figure threshold.  I wish them the best.

In the mean time, each day the hedge funders draw closer to their contract date, they must cover part of that gap by purchasing and returning stock due to the price being where it is.  So every day it remains high, they will be hurt financially.  The squeeze won't culminate in a single day as they expect, but it will affect them each day until then.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #87 on: January 30, 2021, 12:52:16 pm »
Looking at the forest instead of just the trees, this all suggests the time to exit positions is here.

Underlying asset value is not reflected in the stock market.

I intend to significantly scale back as such.

A 30K DJIA during a pandemic, 8% unemployment, and at leasat $5T of addtional national debt expected in the next 4 years?

The point of the speculative stock run up  bubble is not if it pops, but when.
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #88 on: January 30, 2021, 12:55:10 pm »
Television screens in airports that cannot be turned to any other channel should not be counted as 'users'.

@Hoodat

I was talking about Reddit.  That web site has a massive, world-wide following and active user base.
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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #89 on: January 30, 2021, 01:20:02 pm »
@Hoodat

I was talking about Reddit.  That web site has a massive, world-wide following and active user base.

Got it.  Understand now.  Web site.  Reddit is a cesspool of insane hilarity.

* Disclaimer:  I am a retard, not a financial advisor
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #90 on: February 01, 2021, 09:32:54 am »
GME down 10%, and 3.2M share volume in the first minute at opening. Hope this isn't a sign of  some defectors in the WSB Army.....
« Last Edit: February 01, 2021, 09:34:51 am by catfish1957 »
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Offline Hoodat

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #91 on: February 01, 2021, 09:46:17 am »
BUY    HOLD    BUY    HOLD    BUY    HOLD
-----G M E------
                 TO THE MOON




(Note:  Not financial advice.  Just a retard who really likes this stock)
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-

Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #92 on: February 01, 2021, 09:46:41 am »
GME down 10%, and 3.2M share volume in the first minute at opening. Hope this isn't a sign of  some defectors in the WSB Army.....

I suspect the attention span on reddit will be the main reason this eventually fails.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #93 on: February 01, 2021, 09:54:08 am »
I suspect the attention span on reddit will be the main reason this eventually fails.

If their wall breaks, it will make for some interesting forum reading.  There will members walking away with $100K's profits while others zip.

And think about it.....  GME obviously isn't worth $300/sh.  At some point there will have to be something triggering liquidation, which will set off a round of  member  "haves" and "have nots", depending on market exit timing,.

And again..  OTOH, have they even looked this far ahead?

Update...  Volume is so heavy and price bouncing, that I can't get a snapshot of price.  It is down now somewhere between 16 and 18%
« Last Edit: February 01, 2021, 09:58:08 am by catfish1957 »
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #94 on: February 01, 2021, 09:56:45 am »
OTOH, have they even looked this far ahead?

The majority of those playing, almost certainly not.
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #95 on: February 01, 2021, 10:01:01 am »
AMC is up 14%. Something's up.
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Offline XenaLee

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #96 on: February 01, 2021, 11:54:19 am »
AMC is up 14%. Something's up.

They better not damage AMC with all these shenanigans (which I don't really understand), is all I know...dammit!   
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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #97 on: February 01, 2021, 12:01:22 pm »
AMC is up 14%. Something's up.

I hope what's up is hedge funds getting their asses handed them!
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Offline catfish1957

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #98 on: February 01, 2021, 03:38:32 pm »
They better not damage AMC with all these shenanigans (which I don't really understand), is all I know...dammit!

I understand your frustrations, but it is the Hedge Funders that are chosing the battlefields with their trade.

In any case, my last check of GME is that it is down 27%.  I suspect that there may be a few of the retards might be panicking. I hope not though.
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Offline thackney

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Re: AMC share price quadruples as retail traders raid hedge-fund short targets
« Reply #99 on: February 01, 2021, 08:11:22 pm »
Exclusive: Robinhood explores raising more debt to fulfill Reddit-fueled order frenzy - sources
https://www.reuters.com/article/us-retail-investing-robinhood-debt-exclu/exclusive-robinhood-explores-raising-more-debt-to-fulfill-reddit-fueled-order-frenzy-sources-idUSKBN2A13HG
FEBRUARY 1, 2021

Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has held talks with banks about raising $1 billion in debt so it can continue to fulfill orders for heavily shorted stocks, according to people familiar with the matter.

The capital raised would be separate from the $3.4 billion in financing that Robinhood announced on Monday it had secured from its investors since Jan. 29. It reflects the financial pressure that last week’s Reddit-fueled frenzy in shares such as GameStop Corp placed on the company, prompting it to restrict some trades.

Robinhood needs the money to backstop trades that its customers place, because its clearinghouse has asked for more collateral due to heightened volatility. Robinhood CEO Vlad Tenev said on Sunday that the trading app decided to place curbs on some transactions because the clearinghouse had asked for $3 billion in collateral....
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