GME, AMC, EXPR, FOSL, NOK, and CVM

[dhb]

From what i can understand RobinHood is owned by Citadel which is backing the house of cards. RH gets paid by Citadel
Unreal what's going on... and people bitching about China..?

"Citadel, one of the world's largest alternative asset managers with more than US$35 billion in assets under management (as of October 1, 2020);[3] and Citadel Securities, one of the leading market makers in the world, whose trading products include equities, equity options, and interest rate swaps for retail and institutional clients." wiki

True to their name

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[chocomorsel]

Well I have six shares with the average buy in of $277. Not terrible. I was losing, now I am climbing back up. Haha

 

[coffeebythelake]

That’s the thing, many institutions, especially the big boys, either have enough in reserves or can find a way to borrow money to put up against their short positions so they don’t have to close them prematurely. It can only squeeze higher if more and more retail is piling on, and if it looks like that momentum is slowing then institutions are going to double down on shorting. When all this is said and done the GME short interest is still going to be very high because the fundamental short thesis is intact until this thing trades back to 20 bucks or whatever.

you are right they can technically try to wait it out. but it gets pretty damned expensive to hold on naked shorts like this. this is why they are resorting to all these criminal activities to try to break the momentum

 

[deleted171991]

I just love all these amateur suckers being taught a lesson, like in 1999-2000. Especially when staring down multibillion hedge funds.

David v Goliath in a Ponzi scheme (i.e. stock trading). Good luck to David; he'll need a lot. I have a feeling that a number of little Davids, who conspired on social media, may also end up accused with some security laws felony.

And I would be surprised if the brokers have... broken any law, by suspending certain trades. They are way smarter than that.

Never bet against Wall Street. Unless you're Michael Burry.

 

[coffeebythelake]

Well I have six shares with the average buy in of $277. Not terrible. I was losing, now I am climbing back up. Haha

i would just not look at the ticker tape today. it is an illusion created by the hedge funds and doesn't reflect the reality of the situation.

 

[sevoflurane]

I don’t understand why anyone would invest in AMC during a pandemic. Why?

Gamestop will come back down at some point. But i guess video games are on the raise.... at least that makes sense during a pandemic.

 

[coffeebythelake]

I don’t understand why anyone would invest in AMC during a pandemic. Why?

Gamestop will come back down at some point. But i guess video games are on the raise.... at least that makes sense during a pandemic.

you need to realize that it isn't really about the fundamentals of the business model or business profits anymore.

GME is a cheap, small cap company with limited number of shares and a ridiculous number of uncovered/naked shorts. I think it was 140% of their shares were shorted at end of 2020. So with GME there was some good news when Cohen joined the board to try to revamp the business. Normally this doesn't cause a massive spike in stock price. But it did favor people buying into the stock because they like it. As more people jump onboard with the idea, it puts increasing pressure on the short sellers to get out. it eventually becomes a positive feedback loop where the prices just keep getting higher and higher as the short sellers try to get out of their positions.

so really, this is a battle between the short seller hedge funds (who may lose billions of dollars and go bankrupt) vs the retail investors

this is the next level investing **** that hedge funds have used to screw over everyone else for the last 30 years


// n00b analysis

 

[deleted171991]

you need to realize that it isn't really about the fundamentals of the business model or business profits anymore.
this is the next level investing **** that hedge funds have used to screw over everyone else for the last 30 years

// n00b analysis

Only those dumb enough to play.

 

[chocomorsel]

I don’t understand why anyone would invest in AMC during a pandemic. Why?

Gamestop will come back down at some point. But i guess video games are on the raise.... at least that makes sense during a pandemic.

Because you know, the pandemic will one just disappear. Go away. Like magic! Haha.
And people will go back to the movies?

 

[chocomorsel]

you need to realize that it isn't really about the fundamentals of the business model or business profits anymore.
this is the next level investing **** that hedge funds have used to screw over everyone else for the last 30 years

// n00b analysis

It’s all just a game really. And I am having fun.!!

 

[sevoflurane]

Because you know, the pandemic will one just disappear. Go away. Like magic! Haha.
And people will go back to the movies?

HBO pulled off a great move by releasing Wonder Woman 1984 on it’s platform.... basically stole money out of AMC’s pocket.

 

[coffeebythelake]

Only those dumb enough to play.

maybe..?

i didn't put a mortgage on my house to gamble

it is definitely eye opening to see all the blantantly illegal **** these hedge funds are doing right now.

 

[deleted171991]

maybe..?

it is definitely eye opening to see all the blantantly illegal **** these hedge funds are doing right now.

I doubt they are doing anything blatantly illegal.

Remember: the law is usually not written to be fair, but to protect certain powerful special interests. I would be shocked if that wouldn't apply to securities laws.

If the stock market weren't such a corrupt place, our dear Congress members would agree to not invest in it for the duration of their mandates, and wouldn't become millionaires from low six figure salaries.

That's why it's so dumb to bet against the house, in the stock market casino. At the end of the day, the house is much more likely to win.

 

[chocomorsel]

HBO pulled off a great move by releasing Wonder Woman 1984 on it’s platform.... basically stole money out of AMC’s pocket.

Fell asleep in the first one and thought it was ridiculous. How could a skinny woman like that with no muscle do all that **** she was supposed to do? Makes no damn sense. Besides the lasso thing.
Now Xena on the other hand, that bitch was bad. And solid.

 

[coffeebythelake]

Only those dumb enough to play.

the chat boards are wide open for anyone to see and participate in
we talk about random investing stuff including our own investing strategies, our positions, and what we would do.
you think the hedge funds aren't doing the same thing behind closed doors?
what we are doing is not conspiracy

 

[deleted171991]

maybe..?

i didn't put a mortgage on my house to gamble

it is definitely eye opening to see all the blantantly illegal **** these hedge funds are doing right now.

Anyway, it's great education, especially for people who don't read much stock market history.

Because human psychology doesn't change, history tends to rhyme.

 

[deleted171991]

the chat boards are wide open for anyone to see and participate in
we talk about random investing stuff including our own investing strategies, our positions, and what we would do.
you think the hedge funds aren't doing the same thing behind closed doors?
what we are doing is not conspiracy

Not people like you. But I wouldn't be surprised if there were some more professional rabble-rousers involved, who may have made millions. I don't know the law, I'm just guessing.

Regarding hedge funds: prove it.

 

[coffeebythelake]

More manipulations and tiny volumes

 

[deleted162650]

I don’t understand why anyone would invest in AMC during a pandemic. Why?

Buy low right? At some point the pandemic will end, and people will go back to the movies, and stock will rise. Of course the big gamble is if theaters will still be solvent by then.

Gamestop will come back down at some point. But i guess video games are on the raise.... at least that makes sense during a pandemic.

The problem is that no one buys video games in person anymore - they just download ‘em. GameStop is going the way of Blockbuster.

 

[coffeebythelake]

Not people like you. But I wouldn't be surprised if there were some more professional rabble-rousers involved, who may have made millions. I don't know the law, I'm just guessing.

Regarding hedge funds: prove it.

Well if hedge funds going to call foul and want SEC to investigate WSB then the hedge funds better open their own ledgers and emails to scrutiny

 

[deleted162650]

That's why it's so dumb to bet against the house, in the stock market casino. At the end of the day, the house is much more likely to win.

It’s like what they say about trying to cheat the IRS:

The f****ing you give is nothing compared to the f****ing you are going to receive.

 

[dhb]

This is beautiful to watch: they tried to induce a fire sale by only letting people sell and it's not working! Nobody is selling volume is not even a million!
Something huge is going to happen no matter what.

 

[nimbus]

When Ted Cruz, Ted Lieu, DJT, Jr, and AOC finally agree.

 

[deleted171991]

This is beautyfull to watch: they tried to induce a fire sale by only letting people sell and it's not working! Nobody is selling volume is not even a million!
Something huge is going to happen no matter what.

Wait till they freeze GME trading for a month.

 

[GassYous]

To the moooonnnnn!!!!!

 

[dhb]

Wait till they freeze GME trading for a month.

Well it's technically frozen already.
We're not selling
Holding for Mars

 

[abolt18]

Anyway, it's great education, especially for people who don't read much stock market history.

Because human psychology doesn't change, history tends to rhyme.

I am not buying anything but I am enjoying the entertainment of this social experiment.

 

[coffeebythelake]

In the next couple weeks, we will see the complete dismantling and destruction of some of the largest and most corrupt hedge funds in our country.

 

[deleted171991]

In the next couple weeks, we will see the complete dismantling and destruction of some of the largest and most corrupt hedge funds in our country.

Holy crap, life must be interesting at your age. Whose money do you think is in those hedge funds?

 

[coffeebythelake]

Holy crap, life must be interesting at your age.

i believe this is the beginning of a movement, a paradigm shift
large well connected hedge fund outsmarted by a bunch of guys sitting in their mom's basement
senators already commenting about the events unraveling

 

[coffeebythelake]

Holy crap, life must be interesting at your age. Whose money do you think is in those hedge funds?

not mine.
and at the end of all this, these hedge fund CEOs will be taken to task by their shareholders and the politicians

 

[deleted171991]

i believe this is the beginning of a movement, a paradigm shift
large well connected hedge fund outsmarted by a bunch of guys sitting in their mom's basement
senators already commenting about the events unraveling

It won't happen.

The bunch of guys sitting in their mom's basement are in mom's basement for a reason.

The senators are only afraid that the suckers will get hurt and will start whining for a bailout.

 

[deleted171991]

not mine.
and at the end of all this, these hedge fund CEOs will be taken to task by their shareholders and the politicians

You can't.

By law, they have a very wide latitude. That's why they are only open to sophisticated investors, and even those only in limited numbers. They can do a ton of stuff a public fund could never.

HAHAHA! As usual, AOC doesn't get it. There are also two class action lawsuits that have been filed, per Yahoo Finance. I doubt brokers can be punished for trying to prevent pump and dump. The retail investor does need protection, by law, and it's on the brokerage.

As in 1999-2000, a lot of people have gotten addicted to the stock market during the closedown. It's just a matter of time, a couple of years or so, till the entire house of cards will come down again.

 

[nimbus]

The bare facts. Short interest in GME was 140% of float. (How does that even happen?). Shorts MUST buy to cover their positions. It’s up to the longs to sell at $5, $50, $500, or $1000.

 

[chocomorsel]

The bare facts. Short interest in GME was 140% of float. (How does that even happen?). Shorts MUST buy to cover their positions. It’s up to the longs to sell at $5, $50, $500, or $1000.

1k! I got my alert set at 700. I am a bit of a chicken.

 

[Lookingforlolz]

I borrow a stock to short from Jim and sell to Paul. I then short that stock and borrow it from Paul to sell to Ryan. 1 stock, 2 shorts.

 

[coffeebythelake]

I borrow a stock to short from Jim and sell to Paul. I then short that stock and borrow it from Paul to sell to Ryan. 1 stock, 2 shorts.

yes.

 

[coffeebythelake]

Is it even legal for these hedge funds to hold so many uncovered shorts?

 

[coffeebythelake]

more evidence of the same manipulations

 

[chocomorsel]

Got one last share after it fell again. And officially I am completely dry. Had $300 left. Done for this month. It’s been fun. Let’s see what happens.

 

[nimbus]

I borrow a stock to short from Jim and sell to Paul. I then short that stock and borrow it from Paul to sell to Ryan. 1 stock, 2 shorts.

Thanks!

 

[dhb]

 

[epidural man]

I’d be lying if I didn’t say I have a bit of schadenfreude for manipulating hedge funds getting smoked by a retail investor pile-on, but unfortunately if this squeezes higher there’s going to be way more little guys who get hurt by jumping on the bandwagon too late. It’s a matter time until GME crashes back to some fundamental valuation, and I doubt it’s gonna be the institutional traders who are left holding the bag.

I disagree. The retail investor invests small amounts, so maybe they loose $500? $1000? But there are many of us and we are pissed

hedge funds are losing billions.

Wall Street Hedge Funds Stung by Market Turmoil

The pain that has afflicted top hedge funds Melvin Capital Management and Maplelane Capital in recent days is spreading, traders say.

www.wsj.com

Citadel doesn’t own RobinHood. Robinhood (illegally) sends orders to them at a higher price than the best market price and then Citadel pays RH. RH was ordered to pay the SEC 65mil last month for this dishonesty.
And now RH does the bidding of Citadel (who is helping bail out Melvin from being short on GME) by market manipulation.


FFP - how is it not illegal to force the market in one direction? That is exactly what RH is doing. That’s called manipulation.

 

[epidural man]

And yes, I know markets are not efficient, and manipulation happens all the time by big money and the little guy always gets scraps (and sometimes finds a bone with a nice piece of rib still attached). - but it’s like if I were a slave, and I was having a great day, feeling wonderful and lovely and somewhat hopeful - then someone comes and says - quit being so cheerful....you’re a dumb slave....it would deflate my bubble. Someone could argue...but yeah...you always knew you were a slave...but being reminded still feels like a kick in the balls.

Seeing how BIG money can control the narrative and put a stop to the free market just like that - is like getting kicked in the balls.

I was so enjoying the ride.

 

[narcotics999]

Is it even legal for these hedge funds to hold so many uncovered shorts?

I think it is legal. Old days traders who lost their shirt jumped out of the windows from Lower Manhattan high-rise. Nowadays they cried to the SEC.

Whichever brokerage that halted trading is involved in this shading short business. TD, robinhood?

 

[epidural man]

Whose money do you think is in those hedge funds?

People that are ret.....ards.

Why anyone would EVER give their money to a hedge fund is beyond me (unless you can get into Jim Simons' Renaissance Technologies Medallion fund that earned all it's money with high-frequency trading).

Especially in a fund that decides to go short on a stock that has 140% short interest! That is crazy. How dumb do you have to be to do that? There isn't a SINGLE available share to buy back. Not a single one. 40% of the shares are sold short twice!!! SEC needs to explain that one.

 

[epidural man]

By the way, I just read a trick on REDDIT about how to prevent your shares from being shorted (because technically, if someone borrows your shares to short, you should get paid interest...but a lot of brokers charge the interest for you, and spend the money for you...so cool of them).

Anyway, on your shares, enter a sell limit ridiculously high...that locks those shares in so they can't be loaned.

 

[chocomorsel]

By the way, I just read a trick on REDDIT about how to prevent your shares from being shorted (because technically, if someone borrows your shares to short, you should get paid interest...but a lot of brokers charge the interest for you, and spend the money for you...so cool of them).

Anyway, on your shares, enter a sell limit ridiculously high...that locks those shares in so they can't be loaned.

So they can just take your shares as a loan? Without your knowledge? I am a total newbie. Please explain.

 

[coffeebythelake]

So they can just take your shares as a loan? Without your knowledge? I am a total newbie. Please explain.

yes, i agree you should lock your shares in.
i've been doing ~$800-2000 for my limit.
i figure go big.

 

[narcotics999]

By the way, I just read a trick on REDDIT about how to prevent your shares from being shorted (because technically, if someone borrows your shares to short, you should get paid interest...but a lot of brokers charge the interest for you, and spend the money for you...so cool of them).

Anyway, on your shares, enter a sell limit ridiculously high...that locks those shares in so they can't be loaned.

So what happens if the shorted stock goes to moon, the hedge fund bankrupt, and the brokerage has to hold the bag?

Brokerage bankrupt too?