Adult Content Warning

This community may contain adult content that is not suitable for minors. By closing this dialog box or continuing to navigate this site, you certify that you are 18 years of age and consent to view adult content.

Finance Thread

Discussion in 'Permanent Threads' started by ryrob, Oct 21, 2009.

  1. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,984
    Joined:
    Feb 14, 2006
    Messages:
    26,470
    Well there's your problem...
     
  2. Aetius

    Aetius
    Expand Collapse
    Emotionally Jaded

    Reputation:
    832
    Joined:
    Oct 19, 2009
    Messages:
    9,024
    Melania Trump is selling her first NFT, if you needed any more evidence that this thing is a grift.
     
  3. dixiebandit69

    dixiebandit69
    Expand Collapse
    Emotionally Jaded

    Reputation:
    865
    Joined:
    Oct 20, 2009
    Messages:
    4,375
    Location:
    The asshole of Texas
    In terms of grift, how does this compare to Hunter Biden's "art"?
     
  4. Aetius

    Aetius
    Expand Collapse
    Emotionally Jaded

    Reputation:
    832
    Joined:
    Oct 19, 2009
    Messages:
    9,024
    Hunter's art exists, so it's got at least that going for it.
     
  5. Revengeofthenerds

    Revengeofthenerds
    Expand Collapse
    ER Frequent Flyer Platinum Member

    Reputation:
    1,080
    Joined:
    Feb 26, 2011
    Messages:
    13,451
  6. Rush-O-Matic

    Rush-O-Matic
    Expand Collapse
    Emotionally Jaded

    Reputation:
    1,363
    Joined:
    Nov 11, 2009
    Messages:
    12,570
  7. Revengeofthenerds

    Revengeofthenerds
    Expand Collapse
    ER Frequent Flyer Platinum Member

    Reputation:
    1,080
    Joined:
    Feb 26, 2011
    Messages:
    13,451
    $GME going crazy AH. From what little reading I've done on reddit though, and from what I can gather from that little reading from people of nebulous intelligence, is that this might be an artificially inflated jump to cover up for... something. I don't know.

    Regardless, if I can make some money off it, I might sell the few shares I do have when/if it goes green again, then jump back in when it inevitably dips.
     
  8. SouthernIdiot

    SouthernIdiot
    Expand Collapse
    Emotionally Jaded

    Reputation:
    143
    Joined:
    Oct 24, 2017
    Messages:
    2,398
    They are entering the NFT and Cryptocurrency "markets".

    https://www.cnbc.com/2022/01/06/stocks-making-the-biggest-moves-after-hours-gamestop-more.html
     
  9. GTE

    GTE
    Expand Collapse
    Emotionally Jaded

    Reputation:
    609
    Joined:
    Oct 20, 2009
    Messages:
    3,098
    I was up 80% with ETH, now I'm up 4%, I'm WAY upside in the little bit of GME that I have and my portfolio in general has been sucking hind tit lately.

    What's everyone's thoughts on what 2022 holds?
     
  10. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,984
    Joined:
    Feb 14, 2006
    Messages:
    26,470
    Markets and crypto will crash. GME will squeeze.

    Just don’t know when.
     
  11. Aetius

    Aetius
    Expand Collapse
    Emotionally Jaded

    Reputation:
    832
    Joined:
    Oct 19, 2009
    Messages:
    9,024
    If you understand this meme, you, like me, are too far gone down the internet rabbit hole:

    [​IMG]
     
  12. bewildered

    bewildered
    Expand Collapse
    Deeply satisfied pooper

    Reputation:
    1,304
    Joined:
    Oct 26, 2009
    Messages:
    11,196
    Firesale on gme.
     
  13. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,984
    Joined:
    Feb 14, 2006
    Messages:
    26,470
    They have to drive the price down with the expiring options and the tanking margin they have.

    Some 300,000 contracts (yes, contracts) representing 30,000,000 shares are expiring otm today. Most of those were bought 2 years ago and used to cover/hide their short positions.

    They can’t use them for that any more.

    Things might get spicy.
     
  14. malisbad

    malisbad
    Expand Collapse
    Town Drunk

    Reputation:
    33
    Joined:
    Mar 25, 2020
    Messages:
    418
    It's definitely interesting that Ally/Apex has stopped allowing DRS share movements, and they're trying to pull them our of people who did that. I hope that price moons because I'm down 42%! Buy high, sell low!

    Everything else sucks too.
     
  15. bewildered

    bewildered
    Expand Collapse
    Deeply satisfied pooper

    Reputation:
    1,304
    Joined:
    Oct 26, 2009
    Messages:
    11,196
    It's crazy to me how much they are able, and DO, manipulate the price on the open exchange by routing trades on the unlit markets. Like, the trade pressure is 9:1 buy for gme and the price goes down continuously? Get the fuck outta here.

    I was about to mention shutting down the drs exit path in ally as well for IRAs. I have most of my shares in my IRAs and would drs if I could. I suspect there are many people out there in the same situation.
     
  16. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,984
    Joined:
    Feb 14, 2006
    Messages:
    26,470
    The more I learn about the markets, the more I hate them.

    And when you go back and revisit past shorting some of these guys have done, there's some serious "manipulate to bankruptcy for the benefit of the competitor, our billionaire friend" conspiracy implications.
     
  17. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,984
    Joined:
    Feb 14, 2006
    Messages:
    26,470
    Dude... video from Patrick Bryne surfaced talking about how the IRA shares/locates are like 75% of their profits. That is probably why they've been killing the DRS... they are probably crazy naked on the locates, and don't want to lose a ton of cash.

    [​IMG]


    Watch this video... even if it is a few years old.

     
  18. Fiveslide

    Fiveslide
    Expand Collapse
    Emotionally Jaded

    Reputation:
    450
    Joined:
    Oct 19, 2009
    Messages:
    2,541
  19. Revengeofthenerds

    Revengeofthenerds
    Expand Collapse
    ER Frequent Flyer Platinum Member

    Reputation:
    1,080
    Joined:
    Feb 26, 2011
    Messages:
    13,451
    did not know OBJ took his contract in bitcoin (or that this was even an option). Turns out that was a mistake

     
  20. Nettdata

    Nettdata
    Expand Collapse
    Mr. Toast

    Reputation:
    2,984
    Joined:
    Feb 14, 2006
    Messages:
    26,470
    He hasn't lost a dime until he sells.