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

[deleted126335]

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.

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[chocomorsel]

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

Ok. I don’t know how to lock it.

 

[nimbus]

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.

Some brokers won’t let you set a limit that is too far from the current quote.

 

[mdawarre]

Ok. I don’t know how to lock it.

make a sell order with a limit

 

[coffeebythelake]

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?

Citadel has over $35 billion dollars

 

[Southpaw]

If you’re not clear what’s going on in this market you can start here:

https://mobile.twitter.com/chamath?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

You can also watch some Chamath interviews on CNBC to get an idea of hedge fund vs retail.

 

[epidural man]

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?

Probably.
But according to that WSJ article I posted, other finds will step in and help out (or have already.

here is the text of the article if interested.

Wall Street Hedge Funds Stung by Market Turmoil

Mentioned:

AMC GME

By Juliet Chung
More hedge funds are being hit by losses on the recent market turmoil.Traders say the pain that has afflicted top hedge funds Melvin Capital Management and Maplelane Capital in recent days is spreading, as an increasing number of stocks with significant short interest surge and as funds dealing with losses pull back their exposure to the stock market on both the long and short sides of their portfolios.That means funds are getting hurt even on previously profitable bets on companies as those share prices fall.Candlestick Capital Management, a roughly $3 billion Greenwich, Conn., hedge fund started by former Citadel portfolio manager Jack Woodruff, was down in the low-to-mid-teens for the year through Wednesday, said a person familiar with the fund. It was up 26% in 2020, its first year.D1 Capital Partners, a top-performing fund in recent years founded by former Viking Global investment chief Dan Sundheim, was down about 20% for the year through Wednesday. Its substantial portfolio of investments in private companies has buffered the fund from a bigger loss. D1 managed $20 billion at the start of the year.Steven A. Cohen's Point72 Asset Management, which together with Citadel and its partners injected $2.5 billion in emergency financing into Melvin Monday, was down about 10% for the year through earlier this week and suffered losses Tuesday and Wednesday, said people familiar with the matter.Bloomberg News was first to report the performances of D1 Capital and Point72.Some funds that have sustained severe losses are seeking influxes of cash to help stabilize their firms.Maplelane, which started the year with about $3.5 billion and was down roughly 30% for the year through Tuesday, sustained additional losses that saw it down about 45% for the year through Wednesday, said people familiar with the fund. One of the people said the losses Wednesday stemmed from degrossing, or cutting back its exposure to the stock market. That included reducing position sizes and exiting names to limit losses.Maplelane is a low-profile hedge fund that has rarely marketed to investors in the past. But it has discussed raising between $300 million and $500 million with potential clients, said people familiar with the fund.The losses have come during a period of frenetic trading, with shares of companies such as GameStop Corp. and AMC Entertainment Holdings Inc. shooting wildly higher. Individual investors have claimed victory for the violent moves unmoored from the underlying fundamentals of companies. The rising prices have prompted bearish investors to buy back shares they had sold short to cut their losses, pushing the stock higher still.More on the GameStop Trading Frenzy* Online Brokerages Restrict Trading* WallStreetBets Founder Reckons With Legacy* Surge Tests SEC Manipulation Rules* Mania Reveals Power Shift on Wall Street* Latest UpdatesWrite to Juliet Chung at [email protected] Street Hedge Funds Stung by Market Turmoil

 

[narcotics999]

Citadel has over $35 billion dollars

Citadel did not sell the naked short directly (or at least not significantly). It is just trying to save Melvin capital. Say gme goes to 2k, the Melvin loss is 20b. Citadel says Fxck it and leaves. Melvin bankrupt. Now It is the brokerage’s responsibility to cover the shorts.

 

[chocomorsel]

make a sell order with a limit

Will try.

 

[coffeebythelake]

Citadel did not sell the naked short directly (or at least not significantly). It is just trying to save Melvin capital. Say gme goes to 2k, the Melvin loss is 20b. Citadel says Fxck it and leaves. Melvin bankrupt. Now It is the brokerage’s responsibility to cover the shorts.

i will wait to hear what investigations show but there were insider reports that Citadel was engaged in this naked short selling PLUS involved in market manipulation to tank $GME prices. if true this would be a conspiracy of massive proportions. and would also be shameful for SEC for not policing this and preventing this from happening

 

[MirrorTodd]

And then there is this...

 

[chocomorsel]

And then there is this...



View attachment 328513

Oh ****....at least they are hopefully young.

 

[deleted171991]

Day Trading Is A Waste Of Time And Money, Don't Do It!

Let me say up front that day trading is a waste of time and money. You are much better off investing in long-term trends and dominant companies that are consistently growing their earnings and dividends. Day trading is the exact opposite of buy and hold investing. I first started day trading...

www.financialsamurai.com

 

[chocomorsel]

Some brokers won’t let you set a limit that is too far from the current quote.View attachment 328509

Yup. That’s my problem. Can they just borrow my shares without my knowledge and authority though?

 

[narcotics999]

Yup. That’s my problem. Can they just borrow my shares without my knowledge and authority though?

you probably gave the consent at account opening when you clicked YES at the end of the pages long "agreement"

 

[epidural man]

Yup. That’s my problem. Can they just borrow my shares without my knowledge and authority though?

I think they can but don’t know that for sure.

 

[GassYous]

All I know is if vanguard started playing these games with my money I would be throwing a ****fit too

 

[coffeebythelake]

Disclosure I have a small stake in $GME and building up decent fu fund.

My thoughts as a novice investor, so don't take this as investment advice ==

My predictions for this upcoming week. these investment bank hedge fund leaches are going to try to shock the market. GME is still massively shorted and the shorters will be massively hosed as they try to get out of their positions. It's amazing to see all the tricks they've tried to pull this week.. Monday playing massive volatility to get people to FOMO on the rapid rise and scared by the huge dip after, all the news outlet **** talk and commentary, trying to get SEC to investigate, trying to demonize wallstreetbets, getting multiple brokers to restrict trading of these stocks, lying about hedge funds meeting all their short position obligations, shutting down WSB server after hours to force panic and selling). They have tried to label this short squeeze ad a "pyramid scheme" but that's wildly inaccurate. A short squeeze is a buyout of your stock by the hedge funds no matter what price. (And that's why everyone is saying to HOLD and not sell until it gets higher). They are legally obligated, and the MM will force them to liquidate their other assets to pay for this. That is the end game and that is why they should be ****ting their pants.

So they are putting on a brave face. Fear is the only weapon they have left. But too many of the small investors don't give a damn and won't back down. It isn't just about thr money. This has become a movement. People want to see the hedge funds burn.. I suspect the broad market sell-off right now is relating to both 1. Manipulation of markets to try to force SEC action to investigate, andr 2. Selling off their assets to get out of their short positions. (In my mind this is a hedge fund fire sale so great opportunity to buy up some quality stocks that you will hold long). Expect more shenanigans to come as things become increasingly desperate.

They created the game and they have manipulated it for years to screw over everyone else. Naked shorts put the owner at the risk of theoretically infinite losses. Now we are going after the weakness in their strategy, something a basic finance major would know about naked shorting, and they are crying foul.

These wall street pros are getting pwned in their own game by the n00bs.

Just remember I posted this early morning before all the **** that happened today went down with $GME.

I think I was pretty correct with my predictions...

 

[deleted171991]

Just remember I posted this early morning before all the **** that happened today went down with $GME.

I think I was pretty correct with my predictions...

It ain't over till the fat lady sings.

What do you think will happen to all the *****s who bought GME at high prices, some even on margin? The hedge funds will make their money back (that's what they are good at), sooner or later, the suckers won't have much working capital left to play with.

Rule #1: don't lose money.

The only way GME stays at high valuations is if people keep buying. Good luck with that, given that everybody knows it's a Ponzi scheme (the company has been trading for $20 for a reason - it has an unclear future, and a negative EPS).

Apple (AAPL) is Falling and GameStop (GME) is Flying; Why I'm Buying AAPL, not GME

While it may not be sexy to buy AAPL and avoid GME, that is exactly what I’ll be doing over the next couple of days.

www.nasdaq.com

"Spectacular short squeezes are nothing new, but they always end the same way. For reference, look up what happened with Dryships (DRYS) in late 2016. That stock jumped from $4 to well over $100 in just a few days, then lost over 80%, also in just a few days."

 

[coffeebythelake]

It ain't over till the fat lady sings.

What do you think will happen to all the *****s who bought GME at high prices, some even on margin? The hedge funds will make their money back (that's what they are good at), sooner or later, the suckers won't have much working capital left to play with.

lets revisit this subject in 1 week

As for my predictions for tomorrow:
MM will intentionally slow down transactions so that prices remain low like today even as regular trading resumes with retail investor buy/sell. They will probably flood the market with counterfeit transactions that swamp the system, and also conduct more short ladder attacks. They want a slow burn, not a massive fire that engulfs everything. Would not be surprised if they hacked wall street bets that get them offline. Would not be surprised if they had a major "server issue" and shut down some trading platforms.

 

[deleted126335]

lets revisit this subject in 1 week

I don't trade or speculate, but if I did I would bet that GME stock price will likely be single digits one year from now.

 

[epidural man]

I don't trade or speculate, but if I did I would bet that GME stock price will likely be single digits one year from now.

This is likely true. Can shorts hold on that long? The retail investors can.

The Shorts HAVE to cover - and with all the CALLS expiring each week - my guess is, they have to cover (some of them at least) very soon. And there are very few shares available.

Option premiums were ridiculous. TDAmeritrade wouldn't let me sell any (jerks....), but I called and they allowed me some covered calls. I purchased NOK, and sold covered calls at 20% of underlying. That is nuts. AMC was selling premiums (one week out) for 50% underlying. That means you could buy some shares, sell some covered calls, and the share could drop 50%, and you still would be even - AND still own the stock that will likely go up.

NOK I think is a great long play.

 

[coffeebythelake]

It ain't over till the fat lady sings.

What do you think will happen to all the *****s who bought GME at high prices, some even on margin? The hedge funds will make their money back (that's what they are good at), sooner or later, the suckers won't have much working capital left to play with.

Rule #1: don't lose money.

The only way GME stays at high valuations is if people keep buying. Good luck with that, given that everybody knows it's a Ponzi scheme (the company has been trading for $20 for a reason - it has an unclear future, and a negative EPS).

Apple (AAPL) is Falling and GameStop (GME) is Flying; Why I'm Buying AAPL, not GME

While it may not be sexy to buy AAPL and avoid GME, that is exactly what I’ll be doing over the next couple of days.

www.nasdaq.com

"Spectacular short squeezes are nothing new, but they always end the same way. For reference, look up what happened with Dryships (DRYS) in late 2016. That stock jumped from $4 to well over $100 in just a few days, then lost over 80%, also in just a few days."

What's the short interest with Dryships?

 

[deleted171991]

This is likely true. Can shorts hold on that long? The retail investors can.

The Shorts HAVE to cover - and with all the CALLS expiring each week - my guess is, they have to cover (some of them at least) very soon. And there are very few shares available.

Option premiums were ridiculous. TDAmeritrade wouldn't let me sell any (jerks....), but I called and they allowed me some covered calls. I purchased NOK, and sold covered calls at 20% of underlying. That is nuts. AMC was selling premiums (one week out) for 50% underlying. That means you could buy some shares, sell some covered calls, and the share could drop 50%, and you still would be even - AND still own the stock that will likely go up.

NOK I think is a great long play.

Why are you so sure about the retail investors?

First of all, some of them used margin, which may get called by the brokerages. Then, once some people do start selling, it will create an avalanche. These people are not buy-and-holders, they are speculators. They will be happy to take some profit, as long as they still can.

It's not just the hedge funds who need to cover their shorts. It's also all the idiots who got in at $300+, and now they see the stock falling. Some of them played roulette with money they can't lose.

 

[coffeebythelake]

Why are you so sure about the retail investors?

First of all, some of them used margin, which may get called by the brokerages. Then, once some people do start selling, it will create an avalanche. These people are not buy-and-holders, they are speculators. They will be happy to take some profit, as long as they still can.

did u see things crash majorly today when the price went to $165? i'm sure it triggered a lot of stop loss orders which the hedge funds scooped up. but notice that it recovered very quickly even with all the market manipulations. i imagine the ups and downs of the market lately probably knocked out a lot of speculators. these shares were either bought by the hedge funds or by diamond hands

 

[deleted171991]

did u see things crash majorly today when the price went to $165? i'm sure it triggered a lot of stop loss orders which the hedge funds scooped up. but notice that it recovered very quickly even with all the market manipulations. i imagine the ups and downs of the market lately probably knocked out a lot of speculators. these shares were either bought by the hedge funds or by diamond hands

It closed at 193, but it's 263 after hours.



Apparently, it's because of this:

GameStop shares jump 68% on Friday, bringing gains for the week to 400%

Friday's surge came after Robinhood said it will resume limited trading of previously restricted securities.

www.cnbc.com

 

[chocomorsel]

you probably gave the consent at account opening when you clicked YES at the end of the pages long "agreement"

Screw Robin hood. I am over it. Fidelity it is. They didn't let me down.

 

[Norepi]

What people need to realize is that at a certain point, if enough people truly hold their actual cash-bound SHARES (not on margin, etc.) the stock price based on the shorts does not have a theoretical ceiling. It can reach 10k if nobody sells them until the shorts can actually finally start closing out.

Deleted all my limit orders as brokerages sell this information, and I will ride this out to see if the prisoner's paradox plays out favorably.

 

[epidural man]

 

[chocomorsel]

What people need to realize is that at a certain point, if enough people truly hold their actual cash-bound SHARES (not on margin, etc.) the stock price based on the shorts does not have a theoretical ceiling. It can reach 10k if nobody sells them until the shorts can actually finally start closing out.

Deleted all my limit orders as brokerages sell this information, and I will ride this out to see if the prisoner's paradox plays out favorably.

I am sorry. I am tipsy. It's my off week. Please repeat that? Because I am a woman of principle. And feel like I should have bought more. Heck maybe I will. But what?
In my family people make fun on me because I will **** myself over principle. And what RH did today was disgusting. On principle alone, I will hold till the ****ing moon!!! Thank God I had a Fidelity savings or brokerage account and jumped right in after adding more money. I even bought at $412. And at $126.
This is some BS. This is exciting.

 

[dingdong28]

This user was the reason why I YOLO'd on Monday. I saw his post that took him over $11 million. The fact that this guy is still holding after today's events is absolutely unbelievable.

 

[chocomorsel]

View attachment 328528
This user was the reason why I YOLO'd on Monday. I saw his post that took him over $11 million. The fact that this guy is still holding after today's events is absolutely unbelievable.

I just saw this today and didn't know about this forum till two days ago. Even though I am a reddit user. Damn I missed out on some. How much were the shares on Monday?

 

[dingdong28]

I just saw this today and didn't know about this forum till two days ago. Even though I am a reddit user. Damn I missed out on some. How much were the shares on Monday?

Here's their post history: https://www.reddit.com/user/Deep****ingValue/

You can see everything their updates as time has it all began. They've held shares of GME since 2019. I'll try to find the post, but this user quoted that this was going to happen to GME in January this year

 

[deleted171991]

View attachment 328528
This user was the reason why I YOLO'd on Monday. I saw his post that took him over $11 million. The fact that this guy is still holding after today's events is absolutely unbelievable.

Nothing like FOMO. All these people are just gambling at the casino. Easy come, easy go.

 

[deleted171991]

Here's their post history: https://www.reddit.com/user/Deep****ingValue/

You can see everything their updates as time has it all began. They've held shares of GME since 2019. I'll try to find the post, but this user quoted that this was going to happen to GME in January this year

That means that it was probably premeditated (pump and dump), and the SEC will put some people in prison, when all is said and done.

They are also encouraging all the suckers to keep feeding the Ponzi, by posting screen captures like that.

 

[coffeebythelake]

That means that it was probably premeditated (pump and dump), and the SEC will put some people in prison, when all is said and done.

They are also encouraging all the suckers to keep feeding the Ponzi, by posting screen captures like that.

you seem to have a lot vested in all this discussion. clearly u side with the hedge funds. i wonder if u are holding a short position too.

 

[deleted171991]

you seem to have a lot vested in all this discussion. i wonder if u are holding a short position too.

Wow, you used to be so much smarter before you changed your username.

I would never short a stock. Unlimited downside, limited upside.

 

[coffeebythelake]

Wow, you used to be so much smarter before you changed your username.

ha! that's great. i ask a simple question. i've been the target of your attacks before. lets get a mod in here to deal with these ad hominem. maybe a ban is necessary.

 

[coffeebythelake]

Wow again, eikenhein! How I have misjudged you.

Feel free to report me. I maintain my opinion that your posts used to be much better.

awesome. i'm sure some of my older posts were quite enlightening for you.
but just because you disagree with my point of view doesn't allow you to say i have become less smart.
i asked u a question. u responded with derision and personal attacks. very mature u must be.

typically an apology would be in order, but i am a good judge of character for who u are as a person so i won't expect one.

 

[nimbus]

I just saw this today and didn't know about this forum till two days ago. Even though I am a reddit user. Damn I missed out on some. How much were the shares on Monday?

I bought in at $90 on Monday. Sold my initial outlay on Tuesday between $250-300. Just playing with house money now. Easy come, easy go.

I would add that many people are in the same boat and willing to let it ride.

 

[dingdong28]

Not exactly sure a thread from December 2019 is going to hold up when nearly every poster was crapping on GME except one dude/dudette. Their posts are bit towards the bottom of the thread.



Seems to me this person saw an opportunity when nobody else did and held extremely long term. They bought into GME when it was at it's all time low. I was hoping the same thing would happen with the airlines and cruise companies would open back up, so I threw what money I had at them. I waited 9 months and saw a little bit of gains. I guess what I'm interested in is why GME started picking up steam in September last year. Maybe instead of making a "how to pay off stupid debts" thread in October, I should have invested instead

 

[deleted171991]

awesome. i'm sure some of my older posts were quite enlightening for you.
but just because you disagree with my point of view doesn't allow you to say i have become less smart.
i asked u a question. u responded with derision and personal attacks. very mature u must be.

typically an apology would be in order, but i am a good judge of character for who u are as a person so i won't expect one.

Sorry, you pushed a button, and I was taken by surprise. I do have a very good opinion of you. Somehow, I expected you to have a better opinion of me, too, and to give me more credit. My mistake.

And I am not a hypocrite. If I have shorted that stock, I would say so. I don't short stocks while preaching Bogleheads.

 

[vector2]

Not exactly sure a thread from December 2019 is going to hold up when nearly every poster was crapping on GME except one dude/dudette. Their posts are bit towards the bottom of the thread.



Seems to me this person saw an opportunity when nobody else did and held extremely long term. They bought into GME when it was at it's all time low. I was hoping the same thing would happen with the airlines and cruise companies would open back up, so I threw what money I had at them. I waited 9 months and saw a little bit of gains. I guess what I'm interested in is why GME started picking up steam in September last year. Maybe instead of making a "how to pay off stupid debts" thread in October, I should have invested instead

What was the fundamental thesis back then? I doubt they sell enough consoles to have a decent margin, and games/demos are just downloaded directly to the console...

 

[dingdong28]

What was the fundamental thesis back then? I doubt they sell enough consoles to have a decent margin, and games/demos are just downloaded directly to the console...


View attachment 328540
View attachment 328541

View attachment 328542

That's what I'm trying to figure out! I mean you can buy consoles, games, handhelds, books, and every thing videogame related at any store that sells electronics now. When I was a kid, EB Games was my favorite store of all time. Eventually EB Games merged with GameStop. This was back in the mid 2000s and when I look at the chart from back then, it makes sense why the stock was priced where it was at: When I wanted to buy a videogame, I had to go to EB Games/GameStop because they controlled the market had the widest selection of games and consoles when they were released to the public.

As much as I want to figure this out, I don't think I'm going to find a legitimate answer as to why this all happened (besides the memes and war against wall street). I'd like to know what one person saw that nobody else could. Everybody else saw garbage while this person saw potential diamonds. August 2020 is when people started buying into GME. There was a pause in September and buying became more apparent in October...but why? The events that unfolded this week is like taking everything you know (or thought you knew) about investing (and I know jack $hit about it) and throwing it out the window because it doesn't make sense! I mean I like numbers and statistics (mostly related to laboratory QC), but I can't wrap my mind around it.

And even though I can't figure this out, I jumped in and along for the ride 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

 

[D P356]

View attachment 328501

Yeah, hold the line, just like the Frye festival attendees have been doing to him.

“To the Fyre people that be living’ it up...”

 

[D P356]

Melvin Capital with 12.5billion in AUM will be labeled the “loser,” but the real loser in this case will be their investors. They were gambling with investor’s money.

In case of significant investor loss: Don’t know if they’re FDIC insured for criminal activity, especially if colluding with trading platforms to limit purchasing. but this would have to be proven in the legal process.

Deeper pockets, likely with more “connections” have come to bail them out. These particular hedge fund managers are getting a new hole stomped in their backside, and they’ve not even dealt with their own clients yet.

 

[nimbus]

What people need to realize is that at a certain point, if enough people truly hold their actual cash-bound SHARES (not on margin, etc.) the stock price based on the shorts does not have a theoretical ceiling. It can reach 10k if nobody sells them until the shorts can actually finally start closing out.

Deleted all my limit orders as brokerages sell this information, and I will ride this out to see if the prisoner's paradox plays out favorably.

Yes this is far from played out.

is the squeeze squoze yet?

no

www.isthesqueezesquoze.com

 

[epidural man]

Do you think I can write off my GME losses - It is basicall

Nothing like FOMO. All these people are just gambling at the casino. Easy come, easy go.

Come on Man! Buy on e share. Be part of something BIG!

 

[Lawpy]

I completely misread the title and thought you guys are talking about AAMC and anesthesia GME

 

[Lawpy]

Did reddit overthrow and defeat the hedge funds?