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Thread: Technology Stonks Investing and Trading

  1. #1241
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    Quote Originally Posted by The_Rural_Juror View Post
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    Dun look like its over btards.

    Attachment 97106
    But but but WSB says it’s going to $1000!

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    My daddy's interview on CNBC in full with the second part as a lot of the links have been taken down.

    https://vimeo.com/505445024

    - - - Updated - - -

    Quote Originally Posted by JfuckinC View Post
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    But but but WSB says it’s going to $1000!
    You should short the stonk.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    Quote Originally Posted by The_Rural_Juror View Post
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    Dun look like its over btards.

    Attachment 97106
    Nope, just after hours trying to share people. She finds continue to climb tomorrow when the market opens even with some investment gateways blocking people from buying those stocks
    Nolan

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    Quote Originally Posted by The_Rural_Juror View Post
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    - - - Updated - - -



    You should short the stonk.
    I’m just a bystander I don’t actually know what’s happening or what shorting truly means haha.

    If bavarianbeast said buy the stock I’d probably consider it though. He’s a Magician.

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    Quote Originally Posted by The_Rural_Juror View Post
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    My daddy's interview on CNBC in full with the second part as a lot of the links have been taken down.

    https://vimeo.com/505445024

    - - - Updated - - -



    You should short the stonk.
    Holy fuck I felt like smashing fuckface Scott right in his stupid mouth

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    Quote Originally Posted by JfuckinC View Post
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    I’m just a bystander I don’t actually know what’s happening or what shorting truly means haha.

    If bavarianbeast said buy the stock I’d probably consider it though. He’s a Magician.
    He's a Russian bot trying to get you to buy Tootsie rolls instead of hodling Gamestonk.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    Quote Originally Posted by JfuckinC View Post
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    I’m just a bystander I don’t actually know what’s happening or what shorting truly means haha.

    If bavarianbeast said buy the stock I’d probably consider it though. He’s a Magician.

    LOLed at the analogy to Starwars on what is happening

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    Quote Originally Posted by kobe tai View Post
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    Holy fuck I felt like smashing fuckface Scott right in his stupid mouth
    Chamath owned him so badly. If he was born in the US he'd be president in 20 years but probably a governor of California instead.

    In case the link goes down: https://digg.com/video/chamath-palih...amestop-stocks

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    In case anyone isn't following all of this GME business, I put together a quick summary for a Facebook post:

    $GME is the Financial story of 2021 so far. Quick recap for those not following:

    1. GameStop was shorted 136%. i.e. people (mostly by hedge funds, such as Melvin Capital) borrowed and sold more shares than are in existence hoping they could purchase the shares back at a lower price in the future. Basically, betting the company would fail.



    2. Retail traders on r/WallStreetBets (Reddit) collude to buy stocks and squeeze short investors. Being naked short means potentially unlimited losses so the hedge funds need to buy stock in order to cover their borrowed stocks (which they've sold) which further drives up the price.



    3. Retail traders on r/WallStreetBets also buy a lot of out-of-the-money option calls to create a gamma squeeze. Call options give the buyer the right to buy 100 shares at a specific price up until a specific date. The sooner the date, the more the price is away from the current price (out-of-the-money) and the less volatility the stock has, the less the cost of buying call options.

    No one selling call options would have predicted the stock price to go up 800% over a week based on implied volatility so option contracts that were way out of the money were very cheap. Therefore, people picked up option contracts for 1000s of shares for hundreds of dollars. One guy (u/deepfucking value) bought 500 contracts (i.e option to buy 50,000 shares) up until April 16 with a strike price of $12. Those option contracts cost him $0.20 and are now worth $335.55 each for a gain of 163,257% (or $16.7MM). He made over $10MM on those option contracts yesterday.

    The thing is, the people who sold those call options need to be able to sell the shares if the person who bought out-of-the money now has in-the-money options. Therefore, they need to buy the shares to sell and cover their potential losses. That is called a gamma squeeze.

    So the redditors were genius in applying both a short squeeze and gamma squeeze at the same time.



    4. CNBC and Wall Street players come out claiming it's all unfair and blah blah blah despite the fact they've colluded in backrooms and private chat to do the exact same thing for the last 50 years.



    5. Elon Musk, Chamath Palihapitiya, and a few others support the Main Street guys squeezing the Wall Street guys. CNCB cuts the interview with Chamath they shared online because Chamath embarrassed CNCB and isn't playing for team 0.1%.



    6. Brokers start restricting trade or not even allowing retail investors to trade.



    TLDR; markets are corrupt and a bunch of Redditors have banded together to fight a financial revolution. Sharpen the guillotine!!!

  10. #1250
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    478 pre market. Go tards go!
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

  11. #1251
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    Excited for another exciting day!!

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    Yup premarket looking good.
    SN11 - Nope.

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    heard Robinhood and other brokers are not allowing people to buy any more new GME and AMC stonk due to interest to their "clients"

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    Isn't this just going to piss off wsb more?

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    Yup. No shares available to borrow for shorting on IBKR rn. More people are piling on.

    By the way. Why don't we have more emojis on this forum? A new Aspen tree emoji every other year wouldn't kill a midget.
    Last edited by The_Rural_Juror; 01-28-2021 at 08:19 AM.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    Quote Originally Posted by taemo View Post
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    heard Robinhood and other brokers are not allowing people to buy any more new GME and AMC stonk due to interest to their "clients"
    Now that's crazy. If the stock is on the exchange, people need to be able to buy it.
    Quote Originally Posted by schurchill39 View Post
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    Oh god, don't get him started.

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    Options on GME were unavailable for the first 15 mins or so yesterday. Guess who the market makers are? :tinfoilhat:
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    If winning today, Imma go to gamestop and buy all their funko toys.
    SN11 - Nope.

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    RBC down again

    Edit: Just mobile I guess, desktop is fine

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