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The voice of outrage needs to be someone other than Dave Portnoy. The guy has zero knowledge of the workings of Wall Street. He gets his trading ideas from his legion of bros commenting on his live Twitter feed. It’s amazing that he’s constantly quoted on CNBC and other financial media as if he’s some expert. I’m not saying the gist of what he’s saying is wrong but he has no credibility. 

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Haven't mentioned it because didn't need naysayers because it is stupid, but I'm a med student doing this almost purely on my student loans while they're at zero interest. I've made +$20k since Decemb

The real treasure is the friends we make along the way

As long as 700% APR payday loans exist, you can fuck right off with "protecting people from themselves".

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RH and other brokers saying they'll allow trading tomorrow (now that they let their hedge fund buddies cover their positions at more reasonable prices). It's about to touch 300 AH and I am right back in it. Tomorrow is gonna be absolutely wild. No doubt the institutional guys will be on the long side now as well. I expect them to ride it up then drive it right back down and profit on both sides. Will have to be careful to not get caught holding the bag tomorrow.

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3 minutes ago, TonyTexas said:

The voice of outrage needs to be someone other than Dave Portnoy. The guy has zero knowledge of the workings of Wall Street. He gets his trading ideas from his legion of bros commenting on his live Twitter feed. It’s amazing that he’s constantly quoted on CNBC and other financial media as if he’s some expert. I’m not saying the gist of what he’s saying is wrong but he has no credibility. 

I disagree. You don’t need to know the ins and outs of how stock transactions clear to know what happened was fucked up. He’s very social media savvy and has a big presence. 
 

The person you’re looking for with more “credibility” is probably Chamath. He did an interview yesterday and the CNBC anchor was almost crying. “Will someone think of the hedge funds?!”

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12 minutes ago, TonyTexas said:

The voice of outrage needs to be someone other than Dave Portnoy. The guy has zero knowledge of the workings of Wall Street. He gets his trading ideas from his legion of bros commenting on his live Twitter feed. It’s amazing that he’s constantly quoted on CNBC and other financial media as if he’s some expert. I’m not saying the gist of what he’s saying is wrong but he has no credibility. 

His social media impact is good for the purpose of continuing to spread awareness on twitter and among the pleebs. It's explained simply with appropriate outrage. 

However CNBC is not his target audience. More known "in the game" people should be on CNBC. Mark Cuban needs to go on there and raise hell. Chamath needs to be on every other hour making them look silly.

Eager to see what politicians speak out against this, as you know their pockets are lined full of hedge money. Pick your side publicly bitches.

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12 minutes ago, TonyTexas said:

The voice of outrage needs to be someone other than Dave Portnoy. The guy has zero knowledge of the workings of Wall Street. He gets his trading ideas from his legion of bros commenting on his live Twitter feed. It’s amazing that he’s constantly quoted on CNBC and other financial media as if he’s some expert. I’m not saying the gist of what he’s saying is wrong but he has no credibility. 

I see what you’re saying and mostly agree. 

But the guy has incredible reach and power in the new social dynamics 

i don’t follow barstool sports network and I’m pretty sure this guy pumps/shills, but if he’s fighting in “our” side then it’s a useful asset. 

he was bantering back and forth with SaC on twitter, which nobody else can get that kind of engagement. 

maybe it’s a net negative if he represents the wrong message but for now don’t see a problem 

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35 minutes ago, cam4mav said:

After todays open surge and subsequent price beat down on gme with buying restrictions.... 

My assumption is that it will continue to rally afterhours like yesterday. Then maybe do the same open surge followed by systematic beat down? It dropped $180 in one hour this morning.

These hedge funds are not going to get to the point of these short options coming due without a kicking screaming fuckery fight right? The man will try and get his however they can.

So..... what is the downside to selling tonight/tomorrow morning IF that repeats, then be ready to buy back in full force anticipating another manufactured dip.

Just for example. I've got 8 @ 235

If it hits 350 i have a sell order. not really likely but I also have faith in the internets overnight fuck you energy over this shit with robinhood. Along with the powers that be beating the shit back down if it raises up again.

Buy again at 125-200 assuming it repeats.

 

Assuming that's what happens, what's the negative? Obviously there's 2 ways that it goes tits up (wasted opp selling early or it tanks)

Is it just recycled gains used to further fuck them up? Pocket some cash and reposition to further cash once the squeeze really starts?

 

Most of this is cloud high level thoughts based on twitter/reddit/here so yeah what could go wrong. fuckem

 

All of this so far has been price competition (up and down) before the real fun begins as the shorts become due.... right?

http://isthesqueezesquoze.com/

that's a great idea until the platforms halt buy orders, but not sell orders. you could get caught out. that's exactly what happened today and it was by fucking design. criminal behavior in broad daylight. the platforms shielded the hedge funds from the retail buyers, and they got to artificially lower the price so they could load up and mitigate their losses. i'm a stock market idiot, but even i could see what was happening.

fyi, cnbc is going to have the ceo of robinhood on here in a bit. will be interesting to see his bullshit dissembling.

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This game is being strung out until the shorts are due right. it's still shorted over 100%. If we know that they will beat the price down and the retail are going to keep buying after  because the short amount is valuable and fuck them up pay your stupid ass risky position, it's a yoyo. Might as well play it? I don't have much else to do tomorrow haha
http://isthesqueezesquoze.com/
 
You think they wont be able to keep price down like they did today while they cleared 30%+ of their short interest
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Just now, hayden_horn said:

that's a great idea until the platforms halt buy orders, but not sell orders. you could get caught out. that's exactly what happened today and it was by fucking design. criminal behavior in broad daylight. the platforms shielded the hedge funds from the retail buyers, and they got to artificially lower the price so they could load up and mitigate their losses. i'm a stock market idiot, but even i could see what was happening.

fyi, cnbc is going to have the ceo of robinhood on here in a bit. will be interesting to see his bullshit dissembling.

That's kind of the plan, if there is a surge, gtfo because you know fuckery is imminent. then when it's available at the lower price, go all in again and then some. ride the reload train best you can.

Worst case [big if's here] is you get out before a crash and they halt it totally. Rather have cash in hand than frozen stock that is "getting fixed"

Best case you anticipate their repeated bullshit and capitalize just the same and double down on the reup.

Sounds so easy . YOLO

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3 minutes ago, Bone3421 said:

You think they wont be able to keep price down like they did today while they cleared 30%+ of their short interest

I'm eagerly awaiting how they do it again tomorrow after literally erasing the buy button for hours today on a large platform. This whole thing is wild

Glad i'm on Fidelity and not RH. But the reality is nothing is safe from this shit and it's all a big risk. I'm here for it though.

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17 minutes ago, TonyTexas said:

It’s amazing that he’s constantly quoted on CNBC and other financial media as if he’s some expert.

One of the commentators on CNBC just called wallstreetbets the "deep web". 

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1 minute ago, Anastasis said:

One of the commentators on CNBC just called wallstreetbets the "deep web". 

jesus christ 

 

Their conversation around this has shown clearly that 

A) They are steering a narrative to protect the image of hedge funds...... Pretending like they didn't stick their dick in a blender and got mad someone turned it on

B) Some of the olds have no fucking clue what's going on. None what so ever. Clueless billionares

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40 minutes ago, TonyTexas said:

The voice of outrage needs to be someone other than Dave Portnoy. The guy has zero knowledge of the workings of Wall Street. He gets his trading ideas from his legion of bros commenting on his live Twitter feed. It’s amazing that he’s constantly quoted on CNBC and other financial media as if he’s some expert. I’m not saying the gist of what he’s saying is wrong but he has no credibility. 

And CNBC does at this point?

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30 minutes ago, hayden_horn said:

that's a great idea until the platforms halt buy orders, but not sell orders.

this is the fucking problem.

markets have circuit breakers.  they are meant to pause the momentum (up OR down), let everyone have a breather and reassess their conviction, and resume.  nobody has a problem with that.  NOBODY IS ALLOWED TO TRADE. 

but hey, you can stoke fear and let everybody sell, but only a fractional group to buy?  fuck that

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25 minutes ago, cam4mav said:

jesus christ 

 

Their conversation around this has shown clearly that 

A) They are steering a narrative to protect the image of hedge funds...... Pretending like they didn't stick their dick in a blender and got mad someone turned it on

B) Some of the olds have no fucking clue what's going on. None what so ever. Clueless billionares

i fear that they do, but they knowingly want to propagandize this message to main st that their adversary are deep-web-trumpist-hacker-virgins

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3 minutes ago, 52-80 said:

i fear that they do, but they knowingly want to propagandize this message to main st that their adversary are deep-web-trumpist-hacker-virgins

i really on saw the segment posted earlier with that 80 something year old blabbering about 1% interest rates from the fed and people sitting at home getting stimmy checks. dude wasn't even on topic of the conversation. Dementia bitch.

 

edit - you're probably right btw. That one idiot just was on another planet

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9 minutes ago, Incredulity said:

CNBC interview or RH CEO is a fucking joke.

you mean the ceo was a joke? it was a painful interview to watch. if you don't plan to be able to answer the hard questions, you should just release a statement. he had no answers. 

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34 minutes ago, Anastasis said:

The balls on this fucking guy.  

 

 

opzucppb15e61.png

 

I mean, he had 3/4 million to buy into GME to begin with in what must have been his "fuck around" account.

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I believe the argument for Bitcoin and alt currency is going to gain some massive steam due to all this insanity with stocks going close to 1000% a day. See GBR today.

What is the true value of a dollar? A renminbi? A peso? A pound?

The curtains are rising on who says what x is worth and it’s complete horse shit.

 

 

 

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2 hours ago, Dbeasy said:

Question for the traders here. I’ve historically held the view that it’s really difficult for individuals to do technical trading (maybe with fundamental mixed in). As a result I never considered learning technical trading and trying to make decent money trading. 

For a number of reasons I don’t want to get into, I’ve started thinking about doing it. What are the thoughts from folks on here? I do not work currently and not planning to for awhile. Can you make money trading?

Can you make money trading? Absolutely.  Can you beat the market over the long term?  I don't know about you but I doubt I can.

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9 minutes ago, hayden_horn said:

you mean the ceo was a joke? it was a painful interview to watch. if you don't plan to be able to answer the hard questions, you should just release a statement. he had no answers. 

Yes.

the interview 

the answers

ARS letting him slide with nonsense 

the whole fucking thing

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17 minutes ago, 52-80 said:

This is how close we were to winning the game

 

 

https://youtu.be/7RH4XKP55fM?t=178

 

from that reddit link:

Thomas Peterffy, CM Interactive Brokers, just said on Bloomberg short squeezing is ILLEGAL, and they CLOSED OUT POSITIONS FOR THEIR CLIENTS, most of which were SHORT. This is just ADMITTING MARKET MANIPULATION? Don't allow BUYERS, but still CLOSE HEDGE FUNDS SHORTS?

 

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I mean, he had 3/4 million to buy into GME to begin with in what must have been his "fuck around" account.
53k is not 3/4 of a million...he built that up and closed some options while rolling/purchasing more
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2 minutes ago, B00M said:

Is he saying that when we win we ALL lose? Lulz

Exactly. If wsb “wins” by breaking the shorts, everyone and I mean everyone else will lose. 

I am still rooting for them because I don’t think it will happen. But if a few hedge funds are forced to liquidate all other positions to cover the whole fucking market is going to come crashing down. 

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1 hour ago, Incredulity said:

CNBC interview or RH CEO is a fucking joke.

Yeah that was bad. A lot of softball questions, but still came across slimy.

Probably should’ve just said, “I’ll circle back.”

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2 hours ago, 936horn said:

RH and other brokers saying they'll allow trading tomorrow (now that they let their hedge fund buddies cover their positions at more reasonable prices). It's about to touch 300 AH and I am right back in it. Tomorrow is gonna be absolutely wild. No doubt the institutional guys will be on the long side now as well. I expect them to ride it up then drive it right back down and profit on both sides. Will have to be careful to not get caught holding the bag tomorrow.

The institutional guys are already long, like 120% long.  

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3 hours ago, Dbeasy said:

Question for the traders here. I’ve historically held the view that it’s really difficult for individuals to do technical trading (maybe with fundamental mixed in). As a result I never considered learning technical trading and trying to make decent money trading. 

For a number of reasons I don’t want to get into, I’ve started thinking about doing it. What are the thoughts from folks on here? I do not work currently and not planning to for awhile. Can you make money trading?

Yes, but I only trade stocks which I’m prepared to hold as a core position in case the trade works against me.  It is NOT a fast and easy way to make money.

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1 minute ago, Trey3216 said:

Do not set stop orders.  Set limit orders.  

So about those stops.  Read something along these lines on wsb.  RH apparently sells their data to Citadel, so Citadel can see all the RH stops, and can use that information given their relationship/bail out of Mervin to help set strategy to clear those stops and buy back in on the lower side of things.  Is that how that game works?

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5 minutes ago, Anastasis said:

So about those stops.  Read something along these lines on wsb.  RH apparently sells their data to Citadel, so Citadel can see all the RH stops, and can use that information given their relationship/bail out of Mervin to help set strategy to clear those stops and buy back in on the lower side of things.  Is that how that game works?

Yes. That’s why it’s “free” trading. You’re the product. They sell their order flow to Citadel Et al who then use it to their advantage

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