#3166
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Quote:
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#3167
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Looks like the squeeze is over
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#3168
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Neel Kashkari of the FED probably stated it best:
"GameStop has gotten a lot of attention," Kashkari said. "If one group of speculators wants to have a battle of wills with another group of speculators over an individual stock, God bless them." "That’s for them to do, and if they make money, fine. And if they lose money, that’s on them,” Kashkari added. "I'm not at all thinking about modifying my views on monetary policy because of speculators in these individual stocks.” |
#3169
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Quote:
__________________
It's not an adventure until something goes wrong. - Yvon C. |
#3170
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All this CNBC talk of how this handful of stock trading will have an effect on the market is all BS. This will end soon, squeezes never last long. All this CNBC BS is deflecting from the real concern (of mine), and that is the constant fueling of the market by the FED with 0% interest rates and bond buying — and that has gone on for a very long time. |
#3171
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Maybe you're right, as I only glanced at the Reddit group, but collusion is illegal when corporate interests do it, so why isn't this the same thing when a Reddit newsgroup is used by whomever to bid up the price of a stock? That newsgroup should be shut down or at least moderated, and the practice of shorting a stock should be illegal as well. |
#3172
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I still think this was just madness of a crowd consumed by greed. From Monday 1/25 unti 11 a.m. today a total of 2,051,510 transactions averaging 224 shares @ avg prce of 165. Last edited by verticaldoug; 02-02-2021 at 10:38 AM. |
#3173
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I understand that the reddit group is "moderated". Reportedly one former moderator was Shkreli........
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#3174
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so if the WSB forum incorporated and all became employees, then they can call themselves a hedge fund and nobody would care about the moves they coorindated. stop pretending like the WSB group is the one who misbehaved.
__________________
ST: 58-59cm TT: 57-58cm HT: 180-190mm |
#3175
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Carson Block from Muddy Waters gave an interview yesterday and he suspected there were hedgefunds who were targeting the shorts. If you recall, even someone like Jeff Vinik got in trouble when he was running Magellen at Fido and would be on CNBC recommending a stocks, but in reality was selling it out long in the market. Imagine if one of the posters on WSB was Jim Cramer telling you to buy buy buy while all he was doing was getting liquidity for his trust to sell out long... That's a problem. (I am not saying he did this, just using him as a strawman since he is well known) Last edited by verticaldoug; 02-02-2021 at 01:43 PM. |
#3176
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Of course there are institutions using the Anonymous subreddit, they would be (in the words of WSB) morons not to.
I don’t see how anyone could follow anything on that subreddit. It’s nothing but one liners (“to the moon”, “Hold the line”, etc’ Here’s what it looks like: Last edited by Tony T; 02-02-2021 at 01:48 PM. |
#3177
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“Handful of hedge funds bet big on GameStop before its wild ride”
https://www.reuters.com/article/us-r...Partner-Google |
#3178
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DJIA 33,000 ATH
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#3179
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S&P 4,000 (all-time high)
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#3180
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Been a roller coaster the past month or so. I expect a slight plunge tomorrow just because.
Been a crazy good year!
__________________
All good things must come to an end |
Tags |
economy, freemoneyhouse, game stop, i like this stock, stonks, wealth |
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