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

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Jan 27, 2021
9:54:09pm

USMCdad Truly Addicted User

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

Especially when we come together as one and push back at the system. Riots don’t work, protests don’t work, they don’t last. You hit them in their wallets and it makes history and real change happens. If the result of this is hedge funds like this are no longer protected like this in the future, this is the best protest in our lifetime to date.

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USMCdad

Previous username: mosterlow
Bio page: USMCdad
Joined: Jun 23, 2009
Last login: Jan 4, 2023
Total posts: 30,839 (8,222 FO)

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Messages

Author

Time

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

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.

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

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?

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

1/27/21 10:04pm

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