OT - Robinhood, Gamestop and Wall Street - Page 14
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  1. #261
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    Quote Originally Posted by aarongough View Post
    Yeah I'm a technically millenial as well, born in '85. ....
    I too resent the implication that all young people are dumb and lazy.....
    Born in 85, OMG you are one of those young punk ass kids .... how could I possibly respect you?
    I have never understood the shoehorn to a name or generation. Elders did not respect me or my "generation".
    Dad was furious with my haircut alone .
    BTW, you are not a young man anymore but I hope that you will see the new kids with a light or understanding when they work for you.
    When you now have 18-22 year olds staffing equipment remember when you the same age and same thinking and cut some slack at times or try to influence as needed.
    This could be a whole thread on it's own.

    Yes I have put many more than one carbide endmill in a drill press so that makes not a real machinist.
    Bob

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  3. #262
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    Quote Originally Posted by CarbideBob View Post
    Born in 85, OMG you are one of those young punk ass kids .... how could I possibly respect you?
    I have never understood the shoehorn to a name or generation. Elders did not respect me or my "generation".
    Dad was furious with my haircut alone .
    BTW, you are not a young man anymore but I hope that you will see the new kids with a light or understanding when they work for you.
    When you now have 18-22 year olds staffing equipment remember when you the same age and same thinking and cut some slack at times or try to influence as needed.
    This could be a whole thread on it's own.

    Yes I have put many more than one carbide endmill in a drill press so that makes not a real machinist.
    Bob
    Did you just call me old Bob???

    Yeah I try to just deal with people on a case by case basis. I think labels in general (right/left/boomer/millenial, etc..) all just serve to cover up the things that we actually have in common. Talking about spaceflight on this board was a good example of that! Age doesn't matter, when the engines light everybody gets a grin!

  4. #263
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    Quote Originally Posted by Mcgyver View Post
    I'm coining a new pattern name for what just happened to GME: The Decapitated Fool
    Well, most paying attention learned that the market is rigged and rules can and will be changed at anytime to continue to screw the little guys and bailout Wallstreet. Sometimes education costs money.

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  6. #264
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    It was a crowded trade before the Reddit crowd got anywhere near it.

    More crowded on the long side.
    So they made it even more crowded if that was even possible by incentivizing institutional longs and shorts to become counter parties to their positions.

  7. #265
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    A few posts late, but I've made £50,000 out of funds that are heavily into Tesla in the last year. I still keep waiting for the Wall St. bubble to burst...

  8. #266
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    Quote Originally Posted by SND View Post
    Well, most paying attention learned that the market is rigged and rules can and will be changed at anytime to continue to screw the little guys .
    we can agree to disagree there, the little guys, in moves demonstrating incredibility dexterity, bent themselves over, did a half twist and ploughed away on this one. Reading Reddit posts, its just an incredible and humorous display.

    and bailout Wallstreet.
    I too am opposed to bailouts and corporate welfare. imo, at an intellectual level no capitalist supports bailouts or corporate welfare. otoh, few individuals or firms ever turn away free money. When it happens, the blame lies with leadership; those dolling out the bailouts or giving firms money, not the free money recipient as its naive to expect them to ever say no. Our own morons included

  9. #267
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    Brutal just brutal.
    This is an island top for the text books.


  10. #268
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    looks like it may get to my speculation price of $70..even there I would look but not touch.
    I think it is worth $40 at best. and then I would only be watching.

  11. #269
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    Funny what happens to a stock when you only allow sell orders and block all buys orders, and also force liquidate some accounts,and a few other stunts they pulled... magically it drops... who would have ever thought, so surprised...

    Heads need to roll but they won't, at best maybe the SEC gets bribe called a "fine" and then looks away next time.

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  13. #270
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    Quote Originally Posted by SND View Post
    Funny what happens to a stock when you only allow sell orders and block all buys orders, and also force liquidate some accounts,and a few other stunts they pulled... magically it drops... who would have ever thought, so surprised...

    Heads need to roll but they won't, at best maybe the SEC gets bribe called a "fine" and then looks away next time.

    You don't know that, and Robinhood is already paying the for it. Mass hatred directed their way from their core market. went from a 5 star program to a one, which matters to someone with their service offering. Business severely damaged, lawsuits..... before you conclude, best to see how it plays out.

    In any event, I agree that was a really bad occurrence, but it was the product choosing a rinky-dink little broker dealer that got into cash trouble - under capitalized. That wouldn't have happened with more mature or properly capitalized broker dealers who continued to offer trades - so It was hardly the market at large shutting down the buying. Most of the market, like 97%, has little use for hedge funds and shorts.

  14. #271
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    Quote Originally Posted by Trboatworks View Post
    Brutal just brutal.
    This is an island top for the text books.
    its the Decapitated Fool

    how did you get a chart with the price filled in for the next two weeks. You subscribe to the crystal ball level package, $20 more per month than platinum?

  15. #272
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    Quote Originally Posted by Trboatworks View Post
    Sacks just copied my call- no respect...
    .
    Sachs? or some new phone based investment bank called Sacks

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  17. #273
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    Quote Originally Posted by Mcgyver View Post
    Sachs? or some new phone based investment bank called Sacks
    Everyone I have a confession to make- on a good day I can't spell my name.
    The only thing that saves me is the damn auto spell correct but even that goes haywire when predictive text takes over.
    Wow the weird stuff I catch when I proof read my rants....

    I mean I am a bit goofy but not THAT goofy...

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  19. #274
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    Seems to me that Gamestop should immediately sell some new stock. The non voting, no dividend kind. They could cash in on on the frenzy which is doing them no favors.
    Bil lD

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    Quote Originally Posted by SND View Post
    Funny what happens to a stock when you only allow sell orders and block all buys orders, and also force liquidate some accounts,and a few other stunts they pulled... magically it drops... who would have ever thought, so surprised...
    ....
    Has me thinking seriously about investing - in that company that makes teeny tiny little violins. The hedge fund managers are gonna need lots of those.

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    I don't know enough about shorting to even know what went on.

    I thought a sell had to have a buy, and a buy a sell?
    And how someone or a group can own 160% of the shares is way past my level of thinking

    I did try to sell some OSS today when it was $5,50 or so and chased it down to $5.35
    where it did not sell. So I left a 5.35 open order. I have been selling and buy back a few thousand shares to pick up .50 or so on the trade.

    another 18K shares traded aftermarket to about $5.20 Wow they are going to run out of shares.

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  23. #277
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    Quote Originally Posted by Bill D View Post
    Seems to me that Gamestop should immediately sell some new stock. The non voting, no dividend kind. They could cash in on on the frenzy which is doing them no favors.
    Bil lD
    GME 27% owned by the insiders, If I was an insider that would have been sold at any number over $300.

    Revenues down from 2B a quarter to 1B a quarter would have my exit card.

    Good chance covid did big hurt to the brick and mortar part of the company.

  24. #278
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    Quote Originally Posted by michiganbuck View Post
    Good chance covid did big hurt to the brick and mortar part of the company.
    Not necessarily. A lot of neighborhood stores have been doing better ... where people might normally head off to the lake for the weekend, now they're stuck home ... maybe playing video games ?

    There's delivery, at least here. Nowadays there's ten times more delivery services than before, and they are busy as heck. Even before, China had a lot of delivery ... McDonald's doesn't usually deliver in the US, right ? Here, they have to ... everybody does.

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  26. #279
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    Quote Originally Posted by Mcgyver View Post
    I think its more of a lay person thing. The meaning of socialism really is clear all across the world and no thinking person wants it - "it" meaning the overarching economic model is one where the state controls the means of production. It centralizes power, produces poor economic performance and where its been applies its led to much of the greatest death of suffering of people in the planet's history.

    Whats stupid is the misuse of the word as damming the discussion of various social programs. Every economy that has roads or schools embraces socialism to that extent, so its hardly black and white. At that same time said countries like Canada, the US, Europe etc are obviously NOT socialist countries. The intelligent discussion is "do you think the benefits of such and such are worth the cost?". Maybe you're for, maybe against, but the erroneous hanging handles on the discussion is stupid and prevents any progress or accord.
    “ Preparing for a Divorce: Personal Finance Tips from the Pros

    It’s hard to think in a practical, financial frame of mind when you’re in the midst of the emotional storm of a divorce. All the things that have to be taken care of during a split add what feels like another full-time job to your schedule, and the stress can really take a personal toll. But regardless of the reasons for the divorce or the immediate fallout, each party must consider personal finance decisions several times in the divorce process. Here is what financial professionals say about personal finance health during the divorce process.”

    A thing too is considering everything socialism. Military, law enforcement, regulations, contracts, and even social systems like tribalism.

    There should be a term “chained Socialism” it might add understanding and clarification of the need for boundaries because likely a majority right now do not wish full blown socialism or any other ism there is.

  27. #280
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    Quote Originally Posted by michiganbuck View Post
    OT: EG, I figure you are about 840 (as the river travels) miles from the Three Gorges Dam.

    When she goes Bust Headwaters might travel at 10 MPH so roughly 3 days (84 hours) to be informed and seek higher ground.

    Just saying keep your ears peeled and have a plan.
    Buck

    pS/ Yes those are imperial hours, not metric ones.

    An aspirin in a clothespin hooked to a Dc battery and a buzzer might work as a warning alarm.

    ( aspirin dissolves in water, pin closes, wires make contact, the buzzer sounds, people run )
    Yes EG needs to at least get a bucket and a plan to steal a car to get out of the flood plain. That would be embarrassing if the dam failed. It is hard to imagine. The question for EG is this “If these kinds of disasters can be found in democracies then is it also to be found in Communistic systems also?”

    I think it can happen in either one because from what I have seen no form of government can eliminate corruption or Criminality. Some do a better job at protecting lawbreakers by exceptions or other laws designed to approve some practice. Many practices will change to acceptable like marijuanna use. Something that arguably is not as dangerous as alcohol. Things on the fairness scale are screwed up all along the line.


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