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Thread: Technology Stonks Investing and Trading

  1. #1501
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    If I know anything about serious traders, it’s that they definitely all use wealth simple
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.

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    Quote Originally Posted by killramos View Post
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    If I know anything about serious traders, it’s that they definitely all use wealth simple
    Hah, I mean you jerks, not "serious professional traders".
    Quote Originally Posted by schurchill39 View Post
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    Oh god, don't get him started.

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    Quote Originally Posted by ExtraSlow View Post
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    Yep the bell was fun. I am having fun.

    So you "serious traders" use WS Trade or nah? did WS trade block GME this week?
    I use Questtrade and no issues with it.
    No WS didn't block.
    https://mobilesyrup.com/2021/01/28/h...mestop-frenzy/

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    Quote Originally Posted by ThePenIsMightier View Post
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    WE. ARE. STUPID.
    No, WE. LIKE. THE. STOCK

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    Power to the players.
    SN11 - Nope.

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    So ironic this is happening to the company all of Reddit absolutely despises. They're rewarding the CEO's plentifully.

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    There was a post on reddit (can't find it now) from some dude who claims to have worked at Merrill. I will try to summarize from memory. This is important as there may be broader market implications.

    Basics - when you buy a stonk through a brokerage, they have a responsibility to delivery said stonk to you via a clearinghouse mechanism. If they can't, you can easily sue and them and win.

    His theory is that some math bru at the clearinghouses looked at the options expiring this week and realized that there aren't enough available shares to cover - presumably because people/companies are buying and burying the stonks in the desert. In addition to almost all of the strikes expiring ITM. Math bru shits his pants and calls up the brokerages informing them of this. Brokerages shit their pants and stop people from buying more stonks to preemptively ensure enough liquidity. (This is fucked because the RH tweet tanked the market and institutions were allowed to freely scoop up the cheap shares at that time - allegedly) It's also questionable that you can't go long on options in say BB, where there is no short squeeze.

    If Merrillbro is right, it means that there the free float has been greatly diminished and there is going to be truly a real big squeeze happening. Especially now with with the international gang joining into the wsb legion. This will be a wild time.

    How this could impact the broader market is that the institutions will need to sell some long positions in order fund their short closings. When they do so, the companies they are divesting in will come down in price, which could trigger a panic sell, or some margin calls - rinse and repeat. No one knows how deep the rabbit hole goes, but I bet that some dudes are doing the math on this right now.

    This is obviously not financial/investment/anykindof advice as the most of you know that I am stunted anyways. Govern yourselves accordingly shitheads.

    Last edited by The_Rural_Juror; 01-29-2021 at 09:52 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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    Fuck it, in for 4 shares GME.

    I'm tarded.

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    Emergency funds incoming: up, up, down, down, left, right, left, right, B, A
    SN11 - Nope.

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    Wheres the play by play?


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    Quote Originally Posted by nzwasp View Post
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    So reading on Reddit if you buy a stock anyone can still borrow it but if you set a very high sell limit then they can’t? How does that work

    /just another Btard trying to understand
    I believe if you own a stock and put a sell order in (at a really high price) that restricts the brokerage from lending that stock out. Some places will limit how high you can set the price (some are 50% max of the current ticker).

    Interesting strategy if that's what they are doing to tie up shares.

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    ^^^for margin accounts, yes. But the way to stop it is to actually explicitly tell them not to lend shares

    Quote Originally Posted by cyra1ax View Post
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    +1
    WS Trade is basically the Canadian equivalent to RH.
    Jesus Christ, no it is not. RH is an instant deposit margin account with access to a ton of advanced instruments that anyone who thinks WS is good for anything should NEVER have access to. WS does nothing well and the “no fees” ends up being 10x more than a real brokerage due to the spreads on their trading

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    Quote Originally Posted by 88CRX View Post
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    Wheres the play by play?

    I'm up!

    Now i'm up less!

    Now im up more than i was when i was less up!

    I dont have a clue what's going on, its pretty fun though.. Errchry/Rural_jur what's my next move here? what % up should i sell?

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    Quote Originally Posted by JfuckinC View Post
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    I'm up!

    Now i'm up less!

    Now im up more than i was when i was less up!

    I dont have a clue what's going on, its pretty fun though.. Errchry/Rural_jur what's my next move here? what % up should i sell?
    No one knows... but as I’ve been saying about a gamma squeeze and the reassurance of lack of available shares in rurrjurrs above post... hold till at least mid-day Tuesday

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    Quote Originally Posted by The_Rural_Juror View Post
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    How this could impact the broader market is that the institutions will need to sell some long positions in order fund their short closings. When they do so, the companies they are divesting in will come down in price, which could trigger a panic sell, or some margin calls - rinse and repeat. No one knows how deep the rabbit hole goes, but I bet that some dudes are doing the math on this right now.
    So it's 2008 again... gotcha.

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    I'm curious how today goes, Citron announced they closed out their short position and won't be shorting companies anymore. But from my understanding they had millions of outstanding shares so either they bought it all yesterday with the conveniently timed dip or they still hold a position and are trying to make it sound like they're out.

    If its the former then the only squeeze happening this Friday is the option calls which look to be ~8 million shares or so but with volumes of 100+ million daily that doesn't seem like much?
    Nolan

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    Citron is lying, I bet.
    The death threats he was mentioning probably from the hedge funds

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    Quote Originally Posted by Xtrema View Post
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    So it's 2008 again... gotcha.
    Interesting. So wsb crushes hedge funds, hedge funds sells other stuff, triggers market correction etc.

    Collateral damage? Is that the extreme case?

    Get your cash ready to buy cheap stocks on the rebound? I might be okay with that I think lol

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    Quote Originally Posted by pheoxs View Post
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    I'm curious how today goes, Citron announced they closed out their short position and won't be shorting companies anymore. But from my understanding they had millions of outstanding shares so either they bought it all yesterday with the conveniently timed dip or they still hold a position and are trying to make it sound like they're out.

    If its the former then the only squeeze happening this Friday is the option calls which look to be ~8 million shares or so but with volumes of 100+ million daily that doesn't seem like much?
    Old Lefty was naked selling (now) deep ITM calls... he hasn’t had to cough up yet

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    Quote Originally Posted by The_Rural_Juror View Post
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    How this could impact the broader market is that the institutions will need to sell some long positions in order fund their short closings. When they do so, the companies they are divesting in will come down in price, which could trigger a panic sell, or some margin calls - rinse and repeat. No one knows how deep the rabbit hole goes, but I bet that some dudes are doing the math on this right now.
    This is basically what most of my financial friends are saying. Bubbles gonna pop. Discounts coming soon.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

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