Jump to content

Recommended Posts

Posted
3 minutes ago, safe sex said:

That you can sell something you don't actually have yet is bonkers to me.

You are held to the promise to buy it back, is the key. You are contractually bound to the shares you sold, just as if you'd owned them in the first place.

Posted
3 minutes ago, safe sex said:

That you can sell something you don't actually have yet is bonkers to me.

Movie theaters, Hookers, and Commodity/Derivative traders.  Only three industries where you gotta put the money on the counter first before you get the goods.  

Coincidence?  So says Frank Stallone.  

Posted
6 minutes ago, Gil Bang said:

the stock market is 100% bullshit.   It went from providing financing to growing businesses, to a bunch of fucks in expensive suits inventing bullshit to increase their bonuses. 

this this this this this this this this

Posted
11 minutes ago, Rimbo said:

You are held to the promise to buy it back, is the key. You are contractually bound to the shares you sold, just as if you'd owned them in the first place.

That's still insane.

Posted
34 minutes ago, Gil Bang said:

the stock market is 100% bullshit.   It went from providing financing to growing businesses, to a bunch of fucks in expensive suits inventing bullshit to increase their bonuses. 

Ding ding ding ding. 

Posted
8 hours ago, TexasEd said:

It's also implied that the Dukes bought on margin

It's not implied.  They are approached after trading subsides and are told, "Margin call, gentlemen."

  • Hook 'Em 3
  • Like 1
Posted
7 hours ago, Gil Bang said:

the stock market is 100% bullshit.   It went from providing financing to growing businesses, to a bunch of fucks in expensive suits inventing bullshit to increase their bonuses. 

02e32901-6743-4615-8766-48034d275809_tex

Posted
8 hours ago, Gil Bang said:

the stock market is 100% bullshit.   It went from providing financing to growing businesses, to a bunch of fucks in expensive suits inventing bullshit to increase their bonuses. 

But what if I showed you a chart with a line going up and called you a socialist?

  • Hook 'Em 3
  • Like 1
  • Haha 3
Posted
12 hours ago, Gil Bang said:

the stock market is 100% bullshit.   It went from providing financing to growing businesses, to a bunch of fucks in expensive suits inventing bullshit to increase their bonuses. 

While true, I prefer Margot Robbie’s explanation.

IMG_0386.gif.b9f61a62b4b157557b753951f76ccc81.gif

 

  • Like 1
  • Drool 1
Posted
7 minutes ago, GenXer said:

While true, I prefer Margot Robbie’s explanation.

IMG_0386.gif.b9f61a62b4b157557b753951f76ccc81.gif

 

Same.

All y'all bitches need to go watch The Big Short and Trading Places. Get yourselves educated. Now.

Posted
13 hours ago, safe sex said:

That's still insane.

For a fully legal short sale, you borrow the shares you sell, and it is the borrowing contract that obligates you to cover, that is, return the shares to the party from whom they were borrowed, you hope purchased at a lower price.

Naked shorts, without the borrowing part, are illegal but still happen.  Surprise.

  • Hook 'Em 1
Posted
3 minutes ago, TwiceHorn said:

For a fully legal short sale, you borrow the shares you sell, and it is the borrowing contract that obligates you to cover, that is, return the shares to the party from whom they were borrowed, you hope purchased at a lower price.

Naked shorts, without the borrowing part, are illegal but still happen.  Surprise.

My opinion remains unchanged.

Is there an actual purpose other than increasing personal wealth?

Posted (edited)
31 minutes ago, safe sex said:

My opinion remains unchanged.

Is there an actual purpose other than increasing personal wealth?

It's off-track betting in a fancy frock.

Edited by dcbc
  • Like 1
  • Drool 1
Posted (edited)
34 minutes ago, safe sex said:

My opinion remains unchanged.

Is there an actual purpose other than increasing personal wealth?

Short sales apply downward pressure on the price of an over-valued stock. Just plain sales of a stock do, but less so. 

Yes, the stock market/financial markets are a big load of bullshit, but short selling has been around for a long time and is regarded as a "price discovery mechanism." That is, it helps the market figure out the best or right price for a stock. 

ETA I am not trying to change your opinion, just give you another data point. I fully agree that the market is D&D for rich fuckers, but in the grand scheme of things, short selling is on the legitimate and long-standing transactions, compared to say, credit default swaps on CDOs. 

Edited by TwiceHorn
  • Hook 'Em 3
Posted
Just now, TwiceHorn said:

Short sales apply downward pressure on the price of an over-valued stock. Just plain sales of a stock do, but less so. 

Yes, the stock market/financial markets are a big load of bullshit, but short selling has been around for a long time and is regarded as a "price discovery mechanism." That is, it helps the market figure out the best or right price for a stock. 

It keeps people betting no matter how the "market is doing."  It's like free drinks in a casino.

  • Hook 'Em 1
  • Haha 1
  • Drool 1
Posted
1 hour ago, dcbc said:

It keeps people betting no matter how the "market is doing."  It's like free drinks in a casino.

I hate how good of a metaphor this is.

  • Rage+1 1
Posted (edited)
59 minutes ago, safe sex said:

I hate how good of a metaphor this is.

Well it’s a simile

eta:  unless you read it as “it’s, like, free drinks in a casino.”

Edited by Pato del Muerto
  • Hook 'Em 1
  • Like 1
  • Haha 7
Posted
25 minutes ago, Pato del Muerto said:

Well it’s a simile

eta:  unless you read it as “it’s, like, free drinks in a casino.”

All similes are a type of metaphor, but not all metaphors are similes.

  • Hook 'Em 3
  • Haha 2
Posted (edited)
17 minutes ago, dcbc said:

All similes are a type of metaphor, but not all metaphors are similes.

Pulp Fiction Film GIF by The Good Films
 

Edited by safe sex
  • Hook 'Em 1
  • Like 1
  • Haha 2
Posted
3 hours ago, safe sex said:

My opinion remains unchanged.

Is there an actual purpose other than increasing personal wealth?

That's the only purpose for any and all investing. Why do you say that like it's a bad thing?

Posted (edited)

Of course profit is always in the equation for why someone invests. But is there not a difference between someone who invests because they believe in the business and want to have a say in how it's run in order to, ultimately, make more money, and someone who sells something they don't own yet in hopes of manipulating the market for a quick turnaround that probably harms a lot more people than it helps?

I believe capitalism with all of its flaws is still the best overall philosophical model to base a society on. But the way we approach it has got to change, and shit like short selling (among many, many other stock-related manipulations) needs to have maybe a few more rules that apply to it. What they would be I have no fucking clue, obv.

Could also be that I'm just stupid and naive, but there are worse things.

Edited by safe sex
  • Hook 'Em 5
Posted (edited)
10 minutes ago, safe sex said:

Of course profit is always in the equation for why someone invests. But is there not a difference between someone who invests because they believe in the business and want to have a say in how it's run in order to, ultimately, make more money, and someone who sells something they don't own yet in hopes of manipulating the market for a quick turnaround that probably harms a lot more people than it helps?

I believe capitalism with all of its flaws is still the best overall philosophical model to base a society on. But the way we approach it has got to change, and shit like short selling (among many, many other stock-related manipulations) needs to have maybe a few more rules that apply to it. What they would be I have no fucking clue, obv.

Could also be that I'm just stupid and naive, but there's worse things.

Well there are certain investments that are utterly unavailable to most that serve very little purpose in the capital markets except to make banks and similar more money. Which arguably very arguably, makes them better available to serve capital markets through more conventional vehicles that still bear some relationship to raising capital and lending. 

Short selling stock is not really one of those but it can be very risky and most retail investors don't indulge in it. 

Put options are a pretty similar way to bet on a stock going down or short, and is more common among retail investors. 

Edited by TwiceHorn
Posted

It's always the fault of someone or something else.  And Biden is an old senile fuckstick who drools and can barely put together sentences, but by God, he can orchestrate something this elaborate:

 

 

 

  • Hook 'Em 4
  • Haha 2
  • Drool 1
Posted
4 minutes ago, Francisco 2.0 said:

It's always the fault of someone or something else.  And Biden is an old senile fuckstick who drools and can barely put together sentences, but by God, he can orchestrate something this elaborate:

 

Sleepy Joe has become Market Manipulator Joe...  What an eeeevil genius he is.  

  • Hook 'Em 1
  • Like 1
  • Drool 1
Posted
2 minutes ago, TeeDubya said:

Sleepy Joe has become Market Manipulator Joe...  What an eeeevil genius he is.  

Meanwhile, MAGA types are trying out as the latest drummer for Spinal Tap.

  • Haha 3
Posted
4 hours ago, safe sex said:

But is there not a difference between someone who invests because they believe in the business and want to have a say in how it's run in order to, ultimately, make more money, and someone who sells something they don't own yet in hopes of manipulating the market for a quick turnaround that probably harms a lot more people than it helps?

 

feels game of thrones GIF

Putting money into things you believe in isn't investing, it's charity.

You don't have to go full Duke Bros., you just have to have an enlightened self-interest and an understanding of how money makes money.

Posted
On 4/16/2024 at 5:48 PM, YGIFS said:

They're so close to promising investors that the stock will double in price in just "TWO WEEKS."  Which of course is 100% illegal.  C'mon Nunes, c'mon Lindell.  Say it out loud on national TV.  Say it.  You know you wanna say it.  Inducing others to buy a stock to prop up your price on information you know to be false.  SAY IT, TWO WEEKS, DOUBLE YOUR MONEY IN TWO WEEKS!  

 

  • Hook 'Em 3
  • Like 2
  • Haha 2
Posted
2 hours ago, atomheartbevo said:

GLkA8QVWoAApgDl?format=jpg&name=medium

 

 

Oh no.....they are praying to their impotent sky daddy for Donald to win.

Just like they did in  2019.

image.png.49f7852dea9b6cf0db1fe70304227681.png

You'll worship the dark lord like the rest of  us, Frank. 

  • Like 1
Posted
6 hours ago, RDCanecutter said:

Got on a lucky one, came in eighteen to one. I've got a feeling this year's for me and you.

And the bells are ringing out

On TrumpDeath day…………….



×
×
  • Create New...