All things STOCKS

[Go aeiou]

Saying that it's illegal because it's not the "important people" doing it is the wrong attitude. I know that attitude will be espoused by the people who are accustomed to being important. They're going to be saying basically they suffered "Democracy in the hands of the wrong sort of people". The truth is, shorting is illegal most everywhere because people are a lot dumber than they think they are, and because lying works just as well as the truth if you're short.

I have no sympathy for the shorters, especially Left. Left is a truly, truly horrible person.

That said, the SEC's job is to regulate, and they might make a rule or two over this.

In the meantime, people can learn to avoid putting themselves in this position.

It's not the people trading it, it's the shorting firms that was shorting 30 to 40% of the float. That's what should be illegal. Same thing in AMC going on. When all the brokerages went down this morning it was to put restrictions in to protect "clients." It was to keep people from trading it to protect these huge firms so they don't lose Billions more.

I heard someone (cnbc) this morning say short interest was above 100%.
Did he mean greater than 60%? It has been my understanding that 60% is the maximum occasionally going slightly above.

 

[Velo Vol]

Andrew Left?

Apparently. What makes short sellers "horrible"?

 

[Tri-CitiesVol]

 

[Thunder Good-Oil]

Apparently. What makes short sellers "horrible"?

Shorts provide liquidity, which is nice. But George Soros is a horrible person that shorts investments.

 

[BigOrangeMojo]

Here is the value of the $30 puts (expiry 2/5) throughout the day. This is the inverse of what you'd expect for a stock that went up $200 in a day.

 

[Go aeiou]

View attachment 345994

Here is the value of the $30 puts (expiry 2/5) throughout the day. This is the inverse of what you'd expect for a stock that went up $200 in a day.

Will it repeat tomorrow?

 

[BigOrangeMojo]

Will it repeat tomorrow?

I would suspect that tomorrow will be the day that the bubble bursts for GME. I thought it would be this afternoon after the euphoria wore off from Elon's tweet.

 

[bignewt]

SPCE went over $55 today I was there for it.

 

[Thunder Good-Oil]

GME hangs on to ridiculous gains until the shorts and the put and call writers are forced to cover. They are stubborn and well capitalized.

 

[VolnJC]

I would suspect that tomorrow will be the day that the bubble bursts for GME. I thought it would be this afternoon after the euphoria wore off from Elon's tweet.

Speaking of Elon....Tesla missed probably not a surprise

 

[Velo Vol]

Shorts provide liquidity, which is nice. But George Soros is a horrible person that shorts investments.

It seems there's a lot more going on here than meets that casual market viewer's eye at first glance.

 

[VolAllen]

I dunno about you guys, but I loaded up on some GME and AMC puts today...

 

[Thunder Good-Oil]

Meanwhile, I’m up almost 2% on LHX in an hour. It’s tempting to get out. I was planning to hold it for a few years or more.

Well I held L3-Harris for a few hours. I’ll buy it back if the pull back continues into the weekend.

 

[Velo Vol]

I've never traded an option/don't know them, but this kind of volatility has to drive up their price, no? It seems like that's the way the market would correct this.

 

[Velo Vol]

Oh.

 

[VolAllen]

And there they go!

 

[mr.checkerboards]

Oh.

Dang, that was a fun thread to read

 

[Velo Vol]

Dang, that was a fun thread to read

Now it's open again. Strange times.

 

[Toujours Pret]

 

[VolAllen]

Man, I just saw where the Vols hired a new coach....who the hell is that guy?!

 

[BigOrangeMojo]

Man, I just saw where the Vols hired a new coach....who the hell is that guy?!

Just like with Jeremy Pruitt, it means more money for me to invest in the stock market and less in football tickets/football weekends..

 

[VolAllen]

Just like with Jeremy Pruitt, it means more money for me to invest in the stock market and less in football tickets/football weekends..

It’s kind of crazy, but ever since I became a “trader”, I really haven’t given a damn about sports. I mean....it could also be because we suck.

 

[Toujours Pret]

It’s kind of crazy, but ever since I became a “trader”, I really haven’t given a damn about sports. I mean....it could also be because we suck.

UT's irrelevance for a decade plus has certainly opened up time for me to explore other hobbies. Not the worst trade off.

 

[UT-Rex]

I dunno about you guys, but I loaded up on some GME and AMC puts today...

Yahoo 1y Target Est 12.39

Morning High 513.12.

Current 452.00.

Wow.

 

[TDTennessee]

Robinhood has stopped trading on GME, AMC, BB, & NOK.