I don’t agree with you (in general - some specific complaints I’m ok with)

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Jan 27, 2021
6:22:23pm

Odysseus Head Gamemaker

https://www.cougarboard.com/board/message.html?id=25490560

This message has been modified

Originally posted on Jan 27, 2021 at 6:22:23pm

Message modified by Odysseus on Jan 27, 2021 at 6:23:23pm

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Odysseus

Previous username: THUNDERDOME69
Bio page: Odysseus
Joined: Oct 28, 2014
Last login: May 23, 2024
Total posts: 33,006 (11,550 FO)

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Messages

Author

Time

I’m pretty apolitical and capitalist but this GME stuff has got me going

4th and Niner

1/27/21 6:16pm

That retail investors are being blamed and vilified for playing the exact same

paulb

1/27/21 6:20pm

Amen. I feel the exact same way.

Virginia Ute

1/27/21 6:21pm

Just remember to tuck away your tax money :D. The biggest winner is always gov!

Spine

1/27/21 6:22pm

I don’t agree with you (in general - some specific complaints I’m ok with)

Odysseus

1/27/21 6:22pm

I'd agree if hedge funds couldn't short more stock than exists. But maybe that's

paulb

1/27/21 6:23pm

<< Deleted >>

immacougar

1/27/21 6:24pm

Yup

paulb

1/27/21 6:25pm

sorry but this just isn't true. I have no idea why this is being repeated

Milton

1/27/21 6:30pm

How can you actually purchase shorts for 140% of the float? Some % of the shorts had to be naked.

MarkWatney

1/27/21 6:34pm

My guess would be through options.

BYU71

1/27/21 6:42pm

Short interest > 100% does not mean zero borrow rate

Milton

1/27/21 6:47pm

I think the intention of the original comment is they are shorting stocks that don’t exist, which is true for some %

MarkWatney

1/27/21 6:50pm

I was responding to a now-deleted comment specifically about the cost of borrow

Milton

1/27/21 6:54pm

I don’t know for certainty if it’s true or not so I deleted my post.

immacougar

1/27/21 6:40pm

Yeah, I’m probably with you there. I’d have to think through that aspect

Odysseus

1/27/21 6:25pm

This started with the premise of GameStop was undervalued, not overvalued. And the console cycle in 2020 would drive up

MarkWatney

1/27/21 6:33pm

GME’s stock price is over $350 right now. You think that reflects market

Odysseus

1/27/21 6:48pm

Something is only worth what people will pay for it. You should blame the hedge funds for making stupid bets and shorts

Virginia Ute

1/27/21 6:51pm

There’s a difference between current price & fundamental value. When those

Odysseus

1/27/21 6:58pm

So are you suggesting that the GameStop over valuation will lead to a recession?

Virginia Ute

1/27/21 8:57pm

That’s a good question. Are these one-off events? Or does the market get spooked

Odysseus

1/27/21 9:29pm

No. At this point it reflects the fact that there are forced sellers on the other side that have to cover their shorts*

MarkWatney

1/27/21 6:56pm

One question. How are brokerages making money by not letting people

BYU71

1/27/21 6:28pm

TD Ameritrade put restrictions on GME and AMC today

Heath Squashwell

1/27/21 6:31pm

I know. I know of firms that won't allow the double and triple ETF' s bought or

BYU71

1/27/21 6:41pm

Most brokerages do more than just broker trades. They also run, and invest, in

Spine

1/27/21 6:32pm

This week taught me that the stock market is more like a poker game than

Parkercoug82

1/27/21 6:29pm

With the Trillions of fed $$ being pumped in it is becoming more like that.

Spine

1/27/21 6:30pm

Except that e(v) long-term ROI is near 10% on stocks vs. negative for casinos

BYU'01

1/27/21 6:38pm

TD stopped them from buying the stocks on margin. I have no problems with that.

MarkWatney

1/27/21 6:30pm

Since the stock could easily drop 50% in minutes, buying it on margin is ???!!!

Spine

1/27/21 6:35pm

If you manage your cash flows, then HF/shorts have no impact on your business

BYU'01

1/27/21 6:41pm

Depends on how much money one has to manipulate what they want.

Stev_ie

1/27/21 6:52pm

If you fund cash flow from operations why would a HF/short affect you?

BYU'01

1/27/21 6:56pm

Why could a stock price create havoc on a company?

Stev_ie

1/28/21 2:07am

That they can do it isn’t the problem, the fact they’ll get bailed out with regulatory capture

molodyets

1/27/21 6:45pm

One very important distinction needs to be made. It's not capitalism you are hav

delbert

1/27/21 8:52pm

Yep. Same with healthcare. Most dumb people clamoring for gov't or

Ash

1/27/21 11:06pm

You know there is a problem when an Amazon/Berkshire/JP Morgan conglomerate

crazY

1/27/21 11:13pm

It’s further evidence that we each have more power than we believe

USMCdad

1/27/21 9:54pm

RE: It’s further evidence that we each have more power than we believe

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