Stock Thread (43 Viewers)

[Desert_Power]

massive? If 2% is too much over 500,000, make a bunch of 499,999 trades.

And reduce the 2% to 1/2%, I'm willing to negotiate if you can do anything rather than dig in your heels.

Sorry, I'll always be against financial transaction taxes like this. It would have large negative impacts on the ~80 million of Americans saving for retirement using employer plans or pensions. We can agree to disagree on this one.

 

[Navin Johnson]

Sorry, I'll always be against financial transaction taxes like this. It would have large negative impacts on the ~80 million of Americans saving for retirement using employer plans or pensions. We can agree to disagree on this one.

Retirement plans wouldn't be subject to something like this for the most part.  

 

[Navin Johnson]

Still, there is no valid reason for the government to further subsidize it (by massively taxing everyone else).

But they can subsidize institutional investors with massive bailouts?

 

[Desert_Power]

Retirement plans wouldn't be subject to something like this for the most part.  

You think fund administers are trading lots of less than 500k?

 

[Desert_Power]

But they can subsidize institutional investors with massive bailouts?

What about something else nobody is talking about or defending?

 

[Navin Johnson]

You think fund administers are trading lots of less than 500k?

They aren't flipping them in short intervals.  This would essentially be an ultra short term capital gains hit.  

 

[Navin Johnson]

What about something else nobody is talking about or defending?

 

[ShamrockPride]

What do we like?

THE STOCK!

When do we like it?

NOW!

 

[QuizGuy66]

You would see $499,999 trades 6 minutes apart instead.

Make the trigger value $420,069 - they won't be able to resist.

-QG

 

[Chaz McNulty]

What if they just limited short positions to 33% of the total pool of the stock?  This would make a bear raid and a short squeeze that much more difficult.

 

[Chaz McNulty]

Where do you guys see AMC as a long play?  Now that they have cleared up their debt and look fairly strong, how would you view their stock price once the pandemic ends.

Does $13 seem like it's way out of line long term?  I'm just starting to think that there may not be a huge amount of risk to purchase and hold right now, while the upside could be a double up or more.

 

[KGB]

I don't believe #WSB is big enough to move the market this much.  I think the publicity caught attention of other whales who saw the opportunity and jumped in.

Agree!  WSB maybe for the first few days/week.  But I think rich smart people got in too.  For alot

 

[JAA]

Top 10% of the population owns 85% of the stocks.  Thats crazy.  I think GME has shown us how crowd sourcing can defeat the short position en masse.  My gut tells me this is only the beginning.

My objective is to find the next GME.  Sure, maybe not 2000%, but my goal is to turn $5k into $50+k.  If GME taught us 1 thing, its that this is possible.  I also believe it has provided a roadmap to get there.  Lets also state for the record there is additional precedent.  When online poker started, there was a lot of money to be made.  I made my share (which wasnt huge) and most people to this day are astounded when I tell them about it.  Not because of the amount of money, but because that it actually happened.  That most people wouldnt consider depositing hundreds of dollars into an internet bank (Netbank), then linking to an offshore proxy (Firepay) to then transfer to gambling sites all around the world.  Then cashing out thousands of dollars without getting taken.  All of us remember those days, we know its possible.

My journey will be $10k.  I will load up 2 bullets in the barrel and thats what Im willing to lose.  I decided to post in here as I value a lot of the feedback provided by everyone, even the parts I dont agree with.  Im gonna need help because I can be trigger happy an inpatient.

Finally - the funny side of all of this is "what else are you going to do with your investments?".  Are you going to put that money in an IRA so these massive hedge fund companies can profit from your profit and also profit from your losses?  Are you going to hedge with investing in pork belly's?  Real estate?  One can only diversify so much.  In addition, with all investments there is risk.  Do we really think $5k of gold is more or less risky than a play on highly shorted stocks?  How much fear can (should) we put into our investments?

Anyway - enough of the preaching.  Im starting the research today.  Ive picked my first target for deep dive and its none other than BB.

I purchased 129 shares of BB back 11/21/2017.  Its basically tanked since.  Last week I saw the stock double.  I considered cashing out.  I have been following the stock fairly well over the years and they seem to be making positive moves (I wont document their history here).  In addition, I read an article about how they have recently opened more than 100 new jobs.  That's a great sign IMO.  From a GME/WSBs perspective they have already been dabbled with.  I think this is because they are a household name with a well established brand.  Their short position continues to increase and seems to be at 7%.  Now, IIRC GME was at 50% short, crazy.

What I think will happen is that BB will get shorted more as hedgies think the stock is way over valued.  I then beleive the sensible WBS diamond hands will decree "Save our crackberries!!1!!11!".  When that happens, everyone in the country will know who black berry is due to the brand name is.  It will be easy for every day folks to relate (crowd source component).  I believe at this point the magic momentum will happen.

I plan on firing my first bullet Monday with a $5k position in BB.  Please talk me out of it. 

 

[McBokonon]

I plan on firing my first bullet Monday with a $5k position in BB.  Please talk me out of it. 

There’s some smart people in my FinTwitterverse that liked BB as a turnaround play even before the past week. I don’t have room for it personally, but it’s not crazy.

 

[cosjobs]

Where do you guys see AMC as a long play?  Now that they have cleared up their debt and look fairly strong, how would you view their stock price once the pandemic ends.

Does $13 seem like it's way out of line long term?  I'm just starting to think that there may not be a huge amount of risk to purchase and hold right now, while the upside could be a double up or more.

I've been thinking a lot about that myself. It looks to me that the last time it was around this price was may 2019. From then to the pandemic,  it slid to about $7.50.  t think that would be a realistic floor, but you only need to go back to Mar 2019 to see a $16 price and it was in the $20s in Sept of 2018. 

It will face the continued headwinds of battling the burgeoning home video, VOD, etc. competition, but on the other hand, when the pandemic finally makes its exit, it could see a big surge in pent up demand of people just wanting to get out of the ####### house and go somewhere. Also there are millions of people now enthused about AMC vs. 20-30 hedge fund managers unlikely to patronize them.

Considering all that, I think that it would be a $10-$13 stock later this year with an upside of 20 and a floor of 7. 

 

[cosjobs]

Top 10% of the population owns 85% of the stocks.  Thats crazy.  I think SME has shown us how crowd sourcing can defeat the short position en masse.  My gut tells me this is only the beginning.

My objective is to find the next SME.  Sure, maybe not 2000%, but my goal is to turn $5k into $50+k.  If SME taught us 1 thing, its that this is possible.  I also believe it has provided a roadmap to get there.  Lets also state for the record there is additional precedent.  When online poker started, there was a lot of money to be made.  I made my share (which wasnt huge) and most people to this day are astounded when I tell them about it.  Not because of the amount of money, but because that it actually happened.  That most people wouldnt consider depositing hundreds of dollars into an internet bank (Netbank), then linking to an offshore proxy (Firepay) to then transfer to gambling sites all around the world.  Then cashing out thousands of dollars without getting taken.  All of us remember those days, we know its possible.

My journey will be $10k.  I will load up 2 bullets in the barrel and thats what Im willing to lose.  I decided to post in here as I value a lot of the feedback provided by everyone, even the parts I dont agree with.  Im gonna need help because I can be trigger happy an inpatient.

Finally - the funny side of all of this is "what else are you going to do with your investments?".  Are you going to put that money in an IRA so these massive hedge fund companies can profit from your profit and also profit from your losses?  Are you going to hedge with investing in pork belly's?  Real estate?  One can only diversify so much.  In addition, with all investments there is risk.  Do we really think $5k of gold is more or less risky than a play on highly shorted stocks?  How much fear can (should) we put into our investments?

Anyway - enough of the preaching.  Im starting the research today.  Ive picked my first target for deep dive and its none other than BB.

I purchased 129 shares of BB back 11/21/2017.  Its basically tanked since.  Last week I saw the stock double.  I considered cashing out.  I have been following the stock fairly well over the years and they seem to be making positive moves (I wont document their history here).  In addition, I read an article about how they have recently opened more than 100 new jobs.  That's a great sign IMO.  From a SME/WSBs perspective they have already been dabbled with.  I think this is because they are a household name with a well established brand.  Their short position continues to increase and seems to be at 7%.  Now, IIRC SME was at 50% short, crazy.

What I think will happen is that BB will get shorted more as hedgies think the stock is way over valued.  I then beleive the sensible WBS diamond hands will decree "Save our crackberries!!1!!11!".  When that happens, everyone in the country will know who black berry is due to the brand name is.  It will be easy for every day folks to relate (crowd source component).  I believe at this point the magic momentum will happen.

I plan on firing my first bullet Monday with a $5k position in BB.  Please talk me out of it. 

If it were me and it had already doubled, I would just ride that and diversify into some other "gambles." Or maybe just add to your original stake to bring it up to 5K? 

I did buy some a few days ago and lost  20-25% before selling, so my view towards it is definitely more jaundiced than yours.

 

[Sand]

What if they just limited short positions to 33% of the total pool of the stock?  This would make a bear raid and a short squeeze that much more difficult.

I'd be happy that if in the current days of computers and automation we could keep track of stock movement well enough to keep a total short position to less than 100% of the float.  Anything over that smacks of purposeful lack of bookkeeping and institutional corruption.

 

[KGB]

Top 10% of the population owns 85% of the stocks.  Thats crazy.  I think SME has shown us how crowd sourcing can defeat the short position en masse.  My gut tells me this is only the beginning.

My objective is to find the next SME.  Sure, maybe not 2000%, but my goal is to turn $5k into $50+k.  If SME taught us 1 thing, its that this is possible.  I also believe it has provided a roadmap to get there.  Lets also state for the record there is additional precedent.  When online poker started, there was a lot of money to be made.  I made my share (which wasnt huge) and most people to this day are astounded when I tell them about it.  Not because of the amount of money, but because that it actually happened.  That most people wouldnt consider depositing hundreds of dollars into an internet bank (Netbank), then linking to an offshore proxy (Firepay) to then transfer to gambling sites all around the world.  Then cashing out thousands of dollars without getting taken.  All of us remember those days, we know its possible.

My journey will be $10k.  I will load up 2 bullets in the barrel and thats what Im willing to lose.  I decided to post in here as I value a lot of the feedback provided by everyone, even the parts I dont agree with.  Im gonna need help because I can be trigger happy an inpatient.

Finally - the funny side of all of this is "what else are you going to do with your investments?".  Are you going to put that money in an IRA so these massive hedge fund companies can profit from your profit and also profit from your losses?  Are you going to hedge with investing in pork belly's?  Real estate?  One can only diversify so much.  In addition, with all investments there is risk.  Do we really think $5k of gold is more or less risky than a play on highly shorted stocks?  How much fear can (should) we put into our investments?

Anyway - enough of the preaching.  Im starting the research today.  Ive picked my first target for deep dive and its none other than BB.

I purchased 129 shares of BB back 11/21/2017.  Its basically tanked since.  Last week I saw the stock double.  I considered cashing out.  I have been following the stock fairly well over the years and they seem to be making positive moves (I wont document their history here).  In addition, I read an article about how they have recently opened more than 100 new jobs.  That's a great sign IMO.  From a SME/WSBs perspective they have already been dabbled with.  I think this is because they are a household name with a well established brand.  Their short position continues to increase and seems to be at 7%.  Now, IIRC SME was at 50% short, crazy.

What I think will happen is that BB will get shorted more as hedgies think the stock is way over valued.  I then beleive the sensible WBS diamond hands will decree "Save our crackberries!!1!!11!".  When that happens, everyone in the country will know who black berry is due to the brand name is.  It will be easy for every day folks to relate (crowd source component).  I believe at this point the magic momentum will happen.

I plan on firing my first bullet Monday with a $5k position in BB.  Please talk me out of it. 

I was excited to read this as my plan is to be conservative with 80% and gamble 20% into things like AMC, etc that are dangerous.

I am more excited that I'm already in BB!  7000 shares at $17.31

 

[FreeBaGeL]

I absolutely think it was. The market has been on edge so I know it was ripe. I’m just saying that I think it triggered it.

I wasn’t into investing (I should have been SMH, but very young and probably house poor) back in 2000. I did know a lot of the Internet stocks and knowing some of the high flyers were let’s say not worth it and a lot of valuation worries were there. One of the first trigger points before Enron/Worldcom was Microstrategy (the BTC darling). That’s right, Saylor and his boys were fudging their numbers and got caught. Go look at the MSTR chart and you’ll see the spike when the markets were spiking. When they rolled over it seemed to start a domino effect like how many other companies are doing the same?

Well, when you have massive short covering in the billions and billions, that’s a lot of cash to expend so it starts hitting stocks that need to be liquidated. It’s not a 1 for 1 cause, but yes, it started a bit of a tipping point IMHO. Only “hot” stocks haven’t dipped.

So basically market sentiment the last few months has gone something like this, in somewhat chronological order.

Wow the market is getting a little frothy now.

Holy cow I can't believe we're still going up, due for a pullback any day now

This is the most insane market I've ever seen, up up up no stopping it is going to crash hard when it does

I can't believe people are buying all these ####ty EV companies at when 95% of them are going to be penny stocks soon

My uber driver talked to me about stocks today, this is the top!

This is a bubble, make no mistake, I am freeing up cash

Freeing up more cash so I'm ready when the pullback does eventually come

Can this really keep running like this forever? No way we are due for a huge correction

<market pulls back>

This is all reddit's fault!

GME is not the dotcom bubble.  The dotcom bubble is TSLA and ZM and TDOC and TTD and NIO and FCEL and BLNK and FSR and RIDE and HYLN and PLTR and DASH and WKHS and UAVS and LMND and ZOM and SOLO and all the other dozens of stocks that have run up hundreds if not thousands of percent to unheard of multiples on the notion that tomorrow will be a new world and anyone that dips their toe in and says "hey we're a part of it" goes into a buying frenzy that is completely disconnected from even the basic premise of fundamentals.

That last sentence is basically exactly what the dotcom bubble was.

GME is just EVOL and AHPI and SNMP and VERU and VVPR and whatever dozens of other market efficiency trading vehicles that get pushed around every day that you never typically hear about, just with a lot more publicity because this time it was retail pushing it around instead of market makers.

Also, don’t get me wrong that it’s over. I’m just saying that I think it was the start. There are pull backs all the time and since April, it’s been about once a month but quick recovery. I think this could be deeper than that every month thing.

In September QQQ dropped 15% over a 3 week period, then another 12% over a 3 week period in October.  And with the way things have been running since then everyone has been anticipating a drop at least that big, if not bigger.  No one was thinking we're gonna get December or January's 0.5% pullback that lasts 3 hours and bounces right back.  People have been talking about a big pullback and throwing around a number like 20% on a daily basis. 

Sure maybe GME was the straw that broke the camel's back but does it really matter whether it happens today or next week or next month?  We all know it's coming.  We've been talking about it every day for a month now.

 

[FreeBaGeL]

Jim Cramer explaining some of the ways he manipulated the market when he worked at a hedge fund

ETA: The interview actually goes all the way through the end of the video, not just to where it first cuts away.

 

[stbugs]

So basically market sentiment the last few months has gone something like this, in somewhat chronological order.

Wow the market is getting a little frothy now.

Holy cow I can't believe we're still going up, due for a pullback any day now

This is the most insane market I've ever seen, up up up no stopping it is going to crash hard when it does

I can't believe people are buying all these ####ty EV companies at when 95% of them are going to be penny stocks soon

My uber driver talked to me about stocks today, this is the top!

This is a bubble, make no mistake, I am freeing up cash

Freeing up more cash so I'm ready when the pullback does eventually come

Can this really keep running like this forever? No way we are due for a huge correction

<market pulls back>

This is all reddit's fault!

GME is not the dotcom bubble.  The dotcom bubble is TSLA and ZM and TDOC and TTD and NIO and FCEL and BLNK and FSR and RIDE and HYLN and PLTR and DASH and WKHS and UAVS and LMND and ZOM and SOLO and all the other dozens of stocks that have run up hundreds if not thousands of percent to unheard of multiples on the notion that tomorrow will be a new world and anyone that dips their toe in and says "hey we're a part of it" goes into a buying frenzy that is completely disconnected from even the basic premise of fundamentals.

That last sentence is basically exactly what the dotcom bubble was.

GME is just EVOL and AHPI and SNMP and VERU and VVPR and whatever dozens of other market efficiency trading vehicles that get pushed around every day that you never typically hear about, just with a lot more publicity because this time it was retail pushing it around instead of market makers.

In September QQQ dropped 15% over a 3 week period, then another 12% over a 3 week period in October.  And with the way things have been running since then everyone has been anticipating a drop at least that big, if not bigger.  No one was thinking we're gonna get December or January's 0.5% pullback that lasts 3 hours and bounces right back.  People have been talking about a big pullback and throwing around a number like 20% on a daily basis. 

Sure maybe GME was the straw that broke the camel's back but does it really matter whether it happens today or next week or next month?  We all know it's coming.  We've been talking about it every day for a month now.

Ok man, you’re getting way too sensitive here. I’m still not rooting for hedge funds or blaming Reddit. 

We know it’s frothy and that there’s a likely pull back. You even said what I said. I think this hub bub going on is a trigger. That’s it, that’s all I said. I brought up Microstrategy because in 2000, it was a domino. It’s didn’t cause the frothiness and people barely knew what it was. It was the fact that it was fraud and misrepresentation of their reported numbers. That’s what a few months later brought down the big guys and caused a pretty big stock drop.

Also, to investors, yes of course it matters when it starts. It also matters when the bottom is. How can you be in a stock thread and say it doesn’t matter when a drop starts? The only guys it doesn’t matter to are the ones not planning to sell or buy anything. It sure as #### mattered in March knowing when the bottom was. I bought a bunch of stuff from March and wish I bought even more.

 

[FreeBaGeL]

Ok man, you’re getting way too sensitive here. I’m still not rooting for hedge funds or blaming Reddit. 

We know it’s frothy and that there’s a likely pull back. You even said what I said. I think this hub bub going on is a trigger. That’s it, that’s all I said. I brought up Microstrategy because in 2000, it was a domino. It’s didn’t cause the frothiness and people barely knew what it was. It was the fact that it was fraud and misrepresentation of their reported numbers. That’s what a few months later brought down the big guys and caused a pretty big stock drop.

Also, to investors, yes of course it matters when it starts. It also matters when the bottom is. How can you be in a stock thread and say it doesn’t matter when a drop starts? The only guys it doesn’t matter to are the ones not planning to sell or buy anything. It sure as #### mattered in March knowing when the bottom was. I bought a bunch of stuff from March and wish I bought even more.

I mean you explicitly said reddit was "directly" responsible for your portfolio having a bunch of losses.

Let's just be real here, if our portfolios have a bunch of red right now it's only ourselves that are directly responsible.  And I will say the same about my portfolio and my responsibility for that.  We all chose to stay heavily invested in a market that we KNEW was going to pull back very violently, likely very soon.  We all made peace with that a month ago, we've set aside what cash we want to have ready for it, and have been prepared to ride it out with the rest.

March was a black swan event.  Nothing like this.  No one was sitting around thinking "boy the market sure is due for a 60% correction any day now, but I can live with that" the same way we've all been sitting around saying "boy the market sure is due for a 20% correction any day now, but I can live with that".

The reality is we've all made the choice to sit in a gigantically bubbly market and ride it out, most of us invested reasonably heavily in a lot of the most risky borderline garbage stocks because they've been providing the greatest returns for months on end.  Todem told us this was going to happen, and he told us the stocks that were going to be hit the hardest.  No one really disagreed.  We all just kind of said "well yea, duh, but I'm not going to try and guess when that will happen".

And if you're worried about timing the market, which again we've all already decided NOT to do by keeping ourselves invested whatever percentage we currently are at this point, the GME craziness started more than a week ago so it still left you plenty of time for that.  If we really wanted to time the market and pull 80% of our holdings out (though really like the rest of us you'd probably consciously decided not to do that) then if anything this should have been a good indicator.  The fact that we didn't pull out 80% of your holdings last Friday is evidence that we were never going to do it, and I believe most of us including you have said we were never going to here in this thread.  So let's not pretend we were all just sitting here thinking "boy I was just about to free up 80% cash and then this happened right before I had the chance!".  Come on.

ETA: Not meaning to come across sensitive or angry here.  Only like 5% sass intended.  You're a good dude that I enjoy these conversations with.  Hard to convey tone on a message board.

 

[culdeus]

It’s all this crap that makes me glad I’m a long term investor. It does suck to know that the loss in my portfolio the last week or so is 100% directly related to the WSB vs hedge fund war. 

What are you using to prove this?

 

[stbugs]

I’m not going to quote all that. Dude, it’s a message board, there is no need to be so defensive. Sometimes we are joking. I’m never going to 80% cash, I didn’t in March. I didn’t blame them or cry that I lost money. I’m up a crazy amount over the past year including March and some of that is due to buying in March.

I’ll say it once again, I think there’s more pain coming and that I think what’s been happening the past week was the “start” of it, not the only cause of it. You are trying to make it seem like if Reddit hadn’t starting anything then the market would have gone up uninterrupted for a year. That’s not what I said. Maybe there would have be another catalyst as we all agreed it’s frothy. I’ve posted that word probably more than anyone. That said, Reddit IMHO was the catalyst. Go back and read @Sideshow Bob’s post that said exactly what I think. I think you somehow think that I think Reddit is awful and they cost those poor hedge funds to lose their hard earned money.

 

[culdeus]

Jim Cramer explaining some of the ways he manipulated the market when he worked at a hedge fund

This is amazing

 

[stbugs]

What are you using to prove this?

OMG. Maybe it looks like I’m complaining more I really was. Damn, @Sideshow Bob, I’m going to step away again. I need to go tell my hedge fund managers what to do next, lol.

That said, I may be wrong, but I really do feel like all the hub bub this week is going to be the catalyst for a leg down that we all knew was coming. I thought it was going to be later Q1 so maybe that’s why I thought it sucked that I think it is now starting earlier.

Goodnight from me, I’m outta here before I lose my hedge fund job that I really love. Need to start early to get my suits pressed and cigars ready for Monday. Lots of congressmen to kiss ###.

 

[Capella]

How you guys get this wrapped up in one or two weeks worth of the market is beyond me. It’ll be fine, the S&P will close over 10% this year and all your stonks are good. 

 

[KGB]

This is amazing

Jim Cramer explaining some of the ways he manipulated the market when he worked at a hedge fund

WOW.  not surprised.  But Nice to hear it confirmed.

 

[[icon]]

How you guys get this wrapped up in one or two weeks worth of the market is beyond me. It’ll be fine, the S&P will close over 10% this year and all your stonks are good. 

Not ALL stonks  

 

[General Malaise]

Gross. 

Sorry @General Malaise, you know I love you, but this is why people hate hedge funds. 

That's fine but just know that isn't how dedicated short sellers work.  At all.  The misconceptions in here - everywhere - are comical.  I don't mind them, I find them amusing.

Y'all enjoy your weekend.  Let's get back to it Monday.

 

[FreeBaGeL]

Jim Cramer explaining some of the ways he manipulated the market when he worked at a hedge fund

ETA: The interview actually goes all the way through the end of the video, not just to where it first cuts away.

Some of the highlights, since I know not everyone is going to watch a whole 15 minute interview.

"Maybe you need 10 million in capital to knock this stuff down.  But it's a fun game, and it's a lucrative game.  You can move it up and then fade it and that's often a very negative feel ... That's a strategy very worth doing and I would encourage anyone in the hedge fund industry to do it because it's legal, and it's a very quick way to make money, and very satisfying. Oh by the way no one else in the world would ever admit that but I couldn't care. And I'm not gonna say it on TV."

"It's really important on days like today (end of quarter) to control the market.  You can't let it lift.  Now you can't foment, you can't create yourself an impression that the stock is down.  But you do it anyway because the SEC doesn't understand it.  This is different than what I was talking about at the beginning, this is actually blatantly illegal but when you have 6 days and your company may be in doubt I think it's very important to foment..."

"So what I'd do is take a stock like RIM is hit an offer, hit an offer.  And that might take me 15 million to move it down, but it'd be fabulous because it would beleaguer all the moron longs"

"When your company is really in survival mode, it's really important to defeat RIM and get the (hosts) talking about it as if there is something wrong with RIM, then you would call the Wall Street Journal and get the bozo reporter and feed that Palm's got a killer and these are all the things you MUST do on a day like today and if you're not doing it you probably shouldn't be in the game".

"Apple is very important to spread the rumor that both Verizon and ATT have decided they don't like the phone. It's very easy because the people who write about that Apple want that story.  And you can claim it's credible because you can just say you spoke to someone at Apple, so it's a really great short.  So then I'd just call the trading desks and say I spoke to a contact at Verizon and they said we're not interested in Apple.  And that's a very effective way to keep a stock down.  And then I'd also take a little capital and go by some January $80 puts to make it look like there's something going on.  Then tell Morgan to buy 1000 January puts as well and create an image that there's gonna be news next week and that's going to frighten everybody ... and that's what's really going on to drive the market that no one really sees." 

"What's important when you're in that hedge fund mode is to never do anything truthful.  Because the truth is so against you, it's important to develop a new truth to create a fiction".

"And then you go long right before mac world.  Yeah you play both sides.  Because you drove it down.  And then they'll introduce the phone and Verizon's gonna take it [after you told everyone they weren't]".

"Mechanics of the market are more important than the fundamentals.  Who cares about fundamentals.  The great thing about the market is it has nothing to do with the actual stocks."

"I think it's important for people to recognize that the way the market really works is to hit the brokerage houses with a series of orders that can knock it down, then hit the press, and then get it on CNBC that is also very important".

 

[Capella]

Not ALL stonks  

Cc: @BassNBrew

 

[Sideshow Bob]

I'd be happy that if in the current days of computers and automation we could keep track of stock movement well enough to keep a total short position to less than 100% of the float.  Anything over that smacks of purposeful lack of bookkeeping and institutional corruption.

Antiquated processes

 

[General Malaise]

They weren't punished after 2008 so...

*bowing out before this gets political*

The hedge funds that shorted the housing collapse and made fortunes doing so did nothing illegal.  They recognized a special circumstance and bet accordingly.  

Companies that were shorted - New Century, Countrywide, Wachovia just to name a few - were running a very dangerous game and got caught.  And punished.  

Big banks got the bailouts to keep our financial system from going under.  Not the hedge funds. But there was punishment - don't believe me, how is Bear Stearns or Lehmans doing today?  There was carnage. 

Moleculu, I have nothing but love and respect for you but I really think you need to know that shorting stocks is much much much harder to do than you think.  Your 1st bullet point is absent a critical component to shorting stock and I'm going to say it one more time and move on.

Y'all listen good, now: 

YOU HAVE TO SECURE A BORROW FIRST BEFORE YOU SHORT A STOCK.  

I'm not talking about puts or other derivatives.....to short a stock you have to secure a borrow.  

And in the case of a GME for example, there isn't a single share available.  That's the case for many suspect stocks.  I can't secure a borrow on CYDY for example.  

Last point and I'll move on....what do you guys think dedicated short sellers have been doing since 2009 with the indices going straight up?  That's 12 years of fighting against an up tape.  Not punished?  Most dedicated shorts gave up the ghost and either retired or found a new strategy.  All these sinister shorts who want to tank the market....how do you think they fared with the Dow hitting 30K?  

 

[JAA]

Im circling my second target.  It hit me in the head going through the top 50 most shorted stocks.  Made complete sense when I saw it:  ViacomCBS

My quick reaction to the massive shorting is - are they expecting March Madness to under-perform this year?  Last year CV time it dropped to 10 (hould have bought then of course!) and everything went to pot.  Looking ahead a couple months, assuming March Maddness gives all us sports junkies and opportunity for excitement I can see a huge boost for CBS (and betting vendors).

What I dont know is the long term draw of CBS.  It doesnt have the small family draw of GME nor does it have the brand recognition of BB.  Also the trading price of ~48 is a bit higher than the diamond hand stories of "buying in at 6".

What are others thoughts on CBS Viacom?

 

[culdeus]

So that Cramer thing seemed familiar, from seeing reddit comments about it they reminded me that it was on the daily show awhile ago on a takedown of Cramer as he got to be a full time CNBC guy. 

There are alot of crazy lines in there, but it for sure foreshadowed free brokerages frontrunning people's 401k accounts and later brokerage accounts.  The hedge funds would basically front run for themselves in reverse.  

 

[QuizGuy66]

Is Cramer's hospital room rigged up with all those dopey sound effects?  Does he hit a giant fart noise button when he needs to use a bedpan?

-QG

 

[moleculo]

The hedge funds that shorted the housing collapse and made fortunes doing so did nothing illegal.  They recognized a special circumstance and bet accordingly.  

Companies that were shorted - New Century, Countrywide, Wachovia just to name a few - were running a very dangerous game and got caught.  And punished.  

Big banks got the bailouts to keep our financial system from going under.  Not the hedge funds. But there was punishment - don't believe me, how is Bear Stearns or Lehmans doing today?  There was carnage. 

Moleculu, I have nothing but love and respect for you but I really think you need to know that shorting stocks is much much much harder to do than you think.  Your 1st bullet point is absent a critical component to shorting stock and I'm going to say it one more time and move on.

Y'all listen good, now: 

YOU HAVE TO SECURE A BORROW FIRST BEFORE YOU SHORT A STOCK.  

I'm not talking about puts or other derivatives.....to short a stock you have to secure a borrow.  

And in the case of a GME for example, there isn't a single share available.  That's the case for many suspect stocks.  I can't secure a borrow on CYDY for example.  

Last point and I'll move on....what do you guys think dedicated short sellers have been doing since 2009 with the indices going straight up?  That's 12 years of fighting against an up tape.  Not punished?  Most dedicated shorts gave up the ghost and either retired or found a new strategy.  All these sinister shorts who want to tank the market....how do you think they fared with the Dow hitting 30K?  

I'm not afraid to admit I don't know what I'm talking about.

What does "secure a borrow" mean, and how is it possible that 140% of a companies shares can be shorted?

Eta: not all funds push shorts, and not all shorts are bad.  Shorting stocks fills a valuable role.  But, I'm convinced there IS abuse in the system. There's too much money for there not to be.

Also,  I'm not ranting about shorting the market, its about shorting vulnerable companies. 

 

[KGB]

Top 10% of the population owns 85% of the stocks.  Thats crazy.  I think SME has shown us how crowd sourcing can defeat the short position en masse.  My gut tells me this is only the beginning.

My objective is to find the next SME.  Sure, maybe not 2000%, but my goal is to turn $5k into $50+k.  If SME taught us 1 thing, its that this is possible.  I also believe it has provided a roadmap to get there.  Lets also state for the record there is additional precedent.  When online poker started, there was a lot of money to be made.  I made my share (which wasnt huge) and most people to this day are astounded when I tell them about it.  Not because of the amount of money, but because that it actually happened.  That most people wouldnt consider depositing hundreds of dollars into an internet bank (Netbank), then linking to an offshore proxy (Firepay) to then transfer to gambling sites all around the world.  Then cashing out thousands of dollars without getting taken.  All of us remember those days, we know its possible.

My journey will be $10k.  I will load up 2 bullets in the barrel and thats what Im willing to lose.  I decided to post in here as I value a lot of the feedback provided by everyone, even the parts I dont agree with.  Im gonna need help because I can be trigger happy an inpatient.

Finally - the funny side of all of this is "what else are you going to do with your investments?".  Are you going to put that money in an IRA so these massive hedge fund companies can profit from your profit and also profit from your losses?  Are you going to hedge with investing in pork belly's?  Real estate?  One can only diversify so much.  In addition, with all investments there is risk.  Do we really think $5k of gold is more or less risky than a play on highly shorted stocks?  How much fear can (should) we put into our investments?

Anyway - enough of the preaching.  Im starting the research today.  Ive picked my first target for deep dive and its none other than BB.

I purchased 129 shares of BB back 11/21/2017.  Its basically tanked since.  Last week I saw the stock double.  I considered cashing out.  I have been following the stock fairly well over the years and they seem to be making positive moves (I wont document their history here).  In addition, I read an article about how they have recently opened more than 100 new jobs.  That's a great sign IMO.  From a SME/WSBs perspective they have already been dabbled with.  I think this is because they are a household name with a well established brand.  Their short position continues to increase and seems to be at 7%.  Now, IIRC SME was at 50% short, crazy.

What I think will happen is that BB will get shorted more as hedgies think the stock is way over valued.  I then beleive the sensible WBS diamond hands will decree "Save our crackberries!!1!!11!".  When that happens, everyone in the country will know who black berry is due to the brand name is.  It will be easy for every day folks to relate (crowd source component).  I believe at this point the magic momentum will happen.

I plan on firing my first bullet Monday with a $5k position in BB.  Please talk me out of it. 

I think WSB is going to get into BB as well.  But AMC is first imo as of today.  That can all change monday.  Does AMC go to $30, $300,  or $5?  

Been following WSB for a long time.  Never really joined in on anything, becuase 99% of the time it's people YOLO on options and showing loss porn.  That's really what that sub is about.

With that said, they have grown from like a million to like 4 million subscribers in like a week.  So they may be alot of people following plays.

Before GME became a national story, I purchased BB as a down the line play on WSB.

For now, it seems like it will be GME, AMC, then BB, then PLTR but that can all change in a day.  I've been in PLTR since ipo, then sold out of boredom, then hopped back in at $18 I think, then averaged up from there.  I averaged up from $18 to $27 on my PLTR.  

Im in BB at a current average of $17.31 and am hoping to god it goes up monday.  If not, I do think the company is legit again and will hold.  

AMC is the one to watch Monday, but I think BB is a blackjack bet and you may be getting in early.

TLDR: Yeah it may go up or down

Also, dont listen to me as 90% of my own plays have been crap and most of my winners have been from following the smart guys on FBG.  Thanks again to all the good guys here

 

[ex-ghost]

Our fav CYDY getting the Reddit pump treatment. Look at all the posts in the last 24 hours: https://www.reddit.com/r/CYDY/

 

[KGB]

I think WSB is going to get into BB as well.  But AMC is first imo as of today.  That can all change monday.  Does AMC go to $30, $300,  or $5?  

Been following WSB for a long time.  Never really joined in on anything, becuase 99% of the time it's people YOLO on options and showing loss porn.  That's really what that sub is about.

With that said, they have grown from like a million to like 4 million subscribers in like a week.  So they may be alot of people following plays.

Before GME became a national story, I purchased BB as a down the line play on WSB.

For now, it seems like it will be GME, AMC, then BB, then PLTR but that can all change in a day.  I've been in PLTR since ipo, then sold out of boredom, then hopped back in at $18 I think, then averaged up from there.  I averaged up from $18 to $27 on my PLTR.  

Im in BB at a current average of $17.31 and am hoping to god it goes up monday.  If not, I do think the company is legit again and will hold.  

AMC is the one to watch Monday, but I think BB is a blackjack bet and you may be getting in early.

TLDR: Yeah it may go up or down

Also, dont listen to me as 90% of my own plays have been crap and most of my winners have been from following the smart guys on FBG.  Thanks again to all the good guys here

Oh yeah, If you are trying to fing the next WSB play, https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment

tracks some info.  Not my site or anything, just trying to contribute some possible helpful info, as I mostly just follow advice here.

 

[KGB]

Our fav CYDY getting the Reddit pump treatment. Look at all the posts in the last 24 hours: https://www.reddit.com/r/CYDY/

imo, If you go into a CYDY forum, youre going to get CYDY pump info.  WSB is the only reddit forum that matters in regards to pumps.

they have more normal people in r/investing and r/stocks

 

[JAA]

Our fav CYDY getting the Reddit pump treatment. Look at all the posts in the last 24 hours: https://www.reddit.com/r/CYDY/

Awesome - I already have a large enough position in CYDY #chet, it would be nice to see them stick it to the shorts

 

[ex-ghost]

imo, If you go into a CYDY forum, youre going to get CYDY pump info.  WSB is the only reddit forum that matters in regards to pumps.

they have more normal people in r/investing and r/stocks

Sorry, the point was this subreddit was just started, looks like yesterday. Prolific posting, probably by 1  or 2 people.

 

[KGB]

Sorry, the point was this subreddit was just started, looks like yesterday. Prolific posting, probably by 1  or 2 people.

No worries.  I think if your in CYDY or thinking about it, very smart to get into that sub-reddit.  I'm sure they will post important information even faster than here.  

But I think it's like going into a thread about the patriots or jets.  Everyone there is rooting for that team

 

[KGB]

Im circling my second target.  It hit me in the head going through the top 50 most shorted stocks.  Made complete sense when I saw it:  ViacomCBS

My quick reaction to the massive shorting is - are they expecting March Madness to under-perform this year?  Last year CV time it dropped to 10 (hould have bought then of course!) and everything went to pot.  Looking ahead a couple months, assuming March Maddness gives all us sports junkies and opportunity for excitement I can see a huge boost for CBS (and betting vendors).

What I dont know is the long term draw of CBS.  It doesnt have the small family draw of GME nor does it have the brand recognition of BB.  Also the trading price of ~48 is a bit higher than the diamond hand stories of "buying in at 6".

What are others thoughts on CBS Viacom?

I'm not going to go in on CBS but about your YOLO in general.

 

[NajehHejan]

How has this thread gone several pages without any mention of SFIO?!?!

Good post from Bryant on the Yahoo board. Solid source I'd imagine, whoever the #### he is.

To everyone still holding SFIO, congratulations! Now, we must be patient since we can no longer trade this stock until it is current and caveat emptor status lifted. In reviewing other recent cases where CE has been removed, I would say we are next awaiting some type of legal letter expressing an opinion on the satisfaction of the new company in meeting the requirements of OTC. Just the posting of eight quarters and two annual sets of financials with nothing financially in them on a company that has been defunct for quite some time merely satisfies the requirement; however, it does serve to greatly legitimize what is going on. The important information contained in those filings (in my opinion) are as follows:
1. There is one "Special preferred class A" that controls all voting rights which was acquired by the CEO
of Agrokings, Inc. and new SFIO CEO, Hatadi Schapiro Supaat on 10/12/2020;
2. There are nearly 399 million shares of SFIO in our hands (publicly held by non-affiliates);
3. There are roughly 235 million shares of SFIO Controlled by affiliates (primarily the 220 million
purchased by Servebank) which I would guess they quietly accumulated under the radar while
the stock was sub $.01 in October and November;
4. Of the 750 million shares of common stock issued, 634 million are outstanding leaving roughly 114
million shares authorized and unissued which could also be used to raise capital through an offering;
5. There are 100 million Preferred class A shares authorized and unissued (assumedly to use to raise the
$20 million in capital eluded to by Servebank without dilution of common shares).

I seriously doubt any scam would go to this length and risk legal ramifications from the OTC for a few cents profit per share. In the cases I reviewed, CE was removed anywhere from 1 to 3 weeks after the attorney letter was received. Everyone wants to see caveat emptor go away next week, but my point is it may take longer, and I hope everyone will hold on to their position! With most/all platforms now no longer allowing buys on CE stocks, ask yourself before you sell, "Who is buying my position?" If Servebank has quietly acquired 220 million shares, and we all expect SFIO to have a minimum potential of $.20 (the price Servebank has indicated offering shares to raise $20 million), who does it benefit most to be able to acquire shares sold between now and the CE being removed? There has to be some mechanism in place to acquire any shares sold – and I'd be willing to bet there is an agreement between the clearing agent and the affiliates to cover sell orders up to a certain level during the time no public buys are accepted! If I was going to offer my shares for sale (which I have no plans to do at this point), I certainly would not do so for less than $.20!

Give this some time. I suggest waiting at least until more information comes out and the CE is removed. Unless we get something as crazy as GME going on, I want to wait until we get past Q1 filings and see what we're really dealing with using real numbers on the entities merged into SFIO at the beginning of January. I believe this to be an opportunity that doesn't come along many times in one's life. Just my thoughts folks. Good luck

 

[FreeBaGeL]

Last point and I'll move on....what do you guys think dedicated short sellers have been doing since 2009 with the indices going straight up?  That's 12 years of fighting against an up tape.  Not punished?  Most dedicated shorts gave up the ghost and either retired or found a new strategy.  All these sinister shorts who want to tank the market....how do you think they fared with the Dow hitting 30K?  

FWIW short sellers have had their best year every this year, and it's not even close.

This post-covid bull run has been the biggest blessing shorts have ever gotten.  Every dumb pump and dump has thousands of retail robinhooders just itching to jump onboard.  The MMs pump some failing chinese stock 300% in pre-market and retail starts jumping on board and running it to 2000%.  Then the MMs and shorts pull the plug and the thing fades alllllll the way back down to where it came from.

These guys are making more in one trade then they used to make in a month.  It's only in the last month or so that shorting has gotten difficult for them again.  Prior to that every short seller I follow was 10x'ing their previous best year this past year, at an absolute minimum.  And there is zero hyperbole to that.

 

[KGB]

https://www.reddit.com/r/wallstreetbets/comments/l8vm7l/warning_to_all_new_#######_you_will_lose_money

 

[General Malaise]

I'm not afraid to admit I don't know what I'm talking about.

What does "secure a borrow" mean, and how is it possible that 140% of a companies shares can be shorted?

Eta: not all funds push shorts, and not all shorts are bad.  Shorting stocks fills a valuable role.  But, I'm convinced there IS abuse in the system. There's too much money for there not to be.

Also,  I'm not ranting about shorting the market, its about shorting vulnerable companies. 

Hedge funds are required to first ask if there are shares available to borrow before they execute a short sale.  Loan departments at prime brokerage shops will let funds know how much is available and at what cost to carry.  The riskier the stock the more it will cost to short it.  If you fail to secure a borrow before you execute a short sale, you can be in all sorts of trouble.  Your prime broker can kick you out.

GME was a black swan event.  I lack the brain power to explain how it got above 100% of the float short - that's highly unusual.  Schwab reports short interest at 88% as of 1/15 so I don't know what to believe.  

Vulnerable companies are always going to attract shorts. That's been the case since the beginning of time.  But betting against a company comes at a significant cost and that needs to be hammered in here. 

I spent nearly 10 years as the head trader at a dedicated short shop.  It sucked.  It was stressful, my boss was a thrice divorced Bobby Knight clone and I actively rooted for the demise of certain companies.  I got interrogated twice by the SEC, had to turn over all of Forrestmail to them (that was fun), nearly got us kicked out of at Goldman Sachs for shorting a stock I thought we got a borrow on but didn't, and quit after my first wife left me but also right after I got a nice 6 figure bonus once the short positions in subprime finally worked out.  

Short selling as a career sucks.  I never want to do it again. But the misconceptions in here need some corrections.

That's all.  Good night!