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Redditors gave Wall Street traders an absolute pasting


PTR said:
Pointless question really. Google exists, so even if I didn't know, I could literally google your question and paste the answer here.

In any case, are you driving towards a point?
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Yes I am. If you are short a stock you borrow it from someone that owns it and pay a fee to do so. If that stock rallies you owe the person you borrowed the stock from plus some financing. There is no reason for the person short to close out that stock. The main risk is the ability of the short (hf) to pay the lender.
 
monkeytassle said:
Yes I am. If you are short a stock you borrow it from someone that owns it and pay a fee to do so. If that stock rallies you owe the person you borrowed the stock from plus some financing. There is no reason for the person short to close out that stock. The main risk is the ability of the short (hf) to pay the lender.
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Indeed
I referenced that above in my post where I said the MOASS depends entirely on a margin call happening. Or rather, a chain reaction of margin calls. Because yes, shorts have to cover, but only when they want to.

OR
Plab B - encourage GME themselves to issue a share recall. This is why people are encouraging voting in the upcoming SH's meeting. There is talk that the vote count may be well in excess of 100% of the entire shareholding due to the "shit that's going on".

ALSO, there is a possibility of a dividend. Usually that wouldn't matter, as the HF's could just pay it out of pocket. But the talk is that GME are going to create a new digital token on the Eth blockchain as part of their new digital sales platform they are building* - HF's won't be able to generate this token as they cannot yet be bought. So they'd be stuck with all their millions of FDH and naked shorts.


Its all over my head, but I see people talking all the time about it, and the echo chamber feels nice.
.
Meant FTD above not FDH (Stand and DelivaH :lol:)
 
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Some Random Guy said:
Would have sold amc at 35 if I clocked it tbh
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Depends on what you want.
Did people really invest in GME, AMC, Nok, BB to double their money? If so, I think that's entirely missing the point.

Its up to you of course, but this is about a bigger story than making a few beer tokens. I want to retire from this. To me, these are lottery tickets, not investments.

By the way, it'll still go up and down for days, even if the squeeze does happen. It won't be linear to the moon. It'll look like the peak and a crash many times. Margin calls and covering will take days, not hours.
 
PTR said:
Depends on what you want.
Did people really invest in GME, AMC, Nok, BB to double their money? If so, I think that's entirely missing the point.

Its up to you of course, but this is about a bigger story than making a few beer tokens. I want to retire from this. To me, these are lottery tickets, not investments.

By the way, it'll still go up and down for days, even if the squeeze does happen. It won't be linear to the moon. It'll look like the peak and a crash many times. Margin calls and covering will take days, not hours.
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How many shares you got? Just going to watch this with interest and then in a few weeks probably regret I didn't buy some.
 
PTR said:
Depends on what you want.
Did people really invest in GME, AMC, Nok, BB to double their money? If so, I think that's entirely missing the point.

Its up to you of course, but this is about a bigger story than making a few beer tokens. I want to retire from this. To me, these are lottery tickets, not investments.

By the way, it'll still go up and down for days, even if the squeeze does happen. It won't be linear to the moon. It'll look like the peak and a crash many times. Margin calls and covering will take days, not hours.
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Now much do you have in this to retire off it man?

I only have 40 AMC now, any profit will just get invested into other things.
 
Some Random Guy said:
Now much do you have in this to retire off it man?

I only have 40 AMC now, any profit will just get invested into other things.
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If you feel like a gamble, and it hits its floor target, that's $4m. Even a 1/4 of the way there, £750k. Pretty much retire on that?

Got to be tempting to see it through?


*NOT financial advice! :lol:
 
PTR said:
Indeed
I referenced that above in my post where I said the MOASS depends entirely on a margin call happening. Or rather, a chain reaction of margin calls. Because yes, shorts have to cover, but only when they want to.

OR
Plab B - encourage GME themselves to issue a share recall. This is why people are encouraging voting in the upcoming SH's meeting. There is talk that the vote count may be well in excess of 100% of the entire shareholding due to the "shit that's going on".

ALSO, there is a possibility of a dividend. Usually that wouldn't matter, as the HF's could just pay it out of pocket. But the talk is that GME are going to create a new digital token on the Eth blockchain as part of their new digital sales platform they are building* - HF's won't be able to generate this token as they cannot yet be bought. So they'd be stuck with all their millions of FDH and naked shorts.


Its all over my head, but I see people talking all the time about it, and the echo chamber feels nice.
.
Meant FTD above not FDH (Stand and DelivaH :lol:)
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You're not understanding. Nobody is fundamentally short this stock. You can't be. You borrow the stock then sell it. You're indebted to the lender of the stock. Yes you can cover in futures for sure but the lenders will be taking their pound of flesh from the shorts. Which was already built in.

If you think you're squeezing a hedge fund what you are doing is funding a bank.
 
PTR said:
If you feel like a gamble, and it hits its floor target, that's $4m. Even a 1/4 of the way there, £750k. Pretty much retire on that?

F6Got to be tempting to see it through?


*NOT financial advice! :lol:
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It's not hitting 500k a share man, if it passes 50 it's a blip imo. :lol:

I've profited a little over a grand from AMC from various buys and sells, I've just put it into other companies.

My portfolio is only a few grand, it was under a grand last a March though.
 
houghton cut head said:
What f***ing language is this in? I though IT Geeks had a language of their own, but it appears they have been top trumped by the Finance boys.
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I only understand some of it, @monkeytassle would be your best bet for translations... although the definitions will only come after you've answered his 10 questions on algos :lol:

I'm taking the piss mt, just lightly

On another note though, inflation, inflation, inflation :lol:
Some Random Guy said:
It's not hitting 500k a share man, if it passes 50 it's a blip imo. :lol:

I've profited a little over a grand from AMC from various buys and sells, I've just put it into other companies.

My portfolio is only a few grand, it was under a grand last a March though.
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:cool:

10/10. Out of interest where did you move the profits to? Rolls-royce might be a good shout, although I'm in from 91
 
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Some Random Guy said:
It's not hitting 500k a share man, if it passes 50 it's a blip imo. :lol:

I've profited a little over a grand from AMC from various buys and sells, I've just put it into other companies.

My portfolio is only a few grand, it was under a grand last a March though.
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The values people are saying about AMC are just crackers......a friend recons it will hit $100k
Although its theoretically possible is there any evidence it will do it?
 
citybythesea said:
The values people are saying about AMC are just crackers......a friend recons it will hit $100k
Although its theoretically possible is there any evidence it will do it?
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I think what's happening here is people are taking the original DD and applying it at the point they enter to justify their position... turns into sunk cost fallacy as they watch it bleed them however as in the case of one poster on here, averaged his share price and made a tidy profit a couple of times from what I've read. Well done to him for having the nerve to stand by his original decision!
 
ReidysLeftLug said:
I think what's happening here is people are taking the original DD and applying it at the point they enter to justify their position... turns into sunk cost fallacy as they watch it bleed them however as in the case of one poster on here, averaged his share price and made a tidy profit a couple of times from what I've read. Well done to him for having the nerve to stand by his original decision!
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That was me. Still got 40 shares and they're worth more than double my average right now.

No f***ing clue what people are thinking with the 100k malarkey, there overvalued right now imo, just keeping what I have on the off chance there's a silly spike
 
Some Random Guy said:
That was me. Still got 40 shares and they're worth more than double my average right now.

No f***ing clue what people are thinking with the 100k malarkey, there overvalued right now imo, just keeping what I have on the off chance there's a silly spike
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Some of the DD for GME overlaps with AMC, here's some light reading

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