Ann Posted January 28, 2021 Share Posted January 28, 2021 Just now, GG1 said: What would you call it? Gamestop is on the verge on bankruptcy, with very limited options. The banks who own $500 million in debt control the future of the company. So tell me how that justifies a $350 share price of a stock that you don't have the real power to sell without an intermediary with DIRECT access to the exchange. In my world, these are stupid trading and exit strategies 1) They do not need an exit strategy. 2) All non-professional trading strategies may appear stupid to a professional. That does not mean they are stupid to the person doing the trade. 3) Gamestop at $5 makes me laugh. But, I am not the boss of someone else (well, except my husband 🙂 ). If the big boys can manipulate the market for XYZ reasons, then why can't the little guy do the same for ABC reasons? Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, Foxx said: He's full of crap. The only thing that retail had in this case was an overwhelming volume of buy orders that caught everyone by surprise. Because retail investors are at best 2-3 steps removed from actual trading, they will never be on par with direct participants. Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 31 minutes ago, Dubs part Dub said: ?? You're a weird dude/ette Thanks Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 3 minutes ago, Ann said: 1) They do not need an exit strategy. 2) All non-professional trading strategies may appear stupid to a professional. That does not mean they are stupid to the person doing the trade. 3) Gamestop at $5 makes me laugh. But, I am not the boss of someone else (well, except my husband 🙂 ). If the big boys can manipulate the market for XYZ reasons, then why can't the little guy do the same for ABC reasons? Of course they need an exit strategy wtf? If you buy something you eventually plan on selling it. 1 Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, Ann said: 1) They do not need an exit strategy. 2) All non-professional trading strategies may appear stupid to a professional. That does not mean they are stupid to the person doing the trade. 3) Gamestop at $5 makes me laugh. But, I am not the boss of someone else (well, except my husband 🙂 ). If the big boys can manipulate the market for XYZ reasons, then why can't the little guy do the same for ABC reasons? Keep proving the point. You always need an exit strategy when you invest. You do realize that the stock value of bankrupt companies is zero, and Gamestop has one foot into Ch. 11? You do know that they got a late extension on a huge pile of debt that was due this March? You do know that the debt was only extended by one year, which only happens when vultures start circling a dying company? Quote Link to comment Share on other sites More sharing options...
Chef Jim Posted January 28, 2021 Share Posted January 28, 2021 26 minutes ago, DC Tom said: No conundrum for me as a libertarian. You're free to be just as stupid as you want. For example: you don't see me bitching about my Ford calls, do you? Nope. My own stupid &#%$ing fault for holding them. No one else. But were there thousands of people on Twitter/Reddit/TikTok egging you on to buy your Ford calls? It's also because of what I do. My main job is to keep people from making dumb mistakes and those almost always revolve around preventing them from taking on too much or not enough risk. "No you're not going to cash (March 2020)!" Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, GG1 said: Keep proving the point. You always need an exit strategy when you invest. You do realize that the stock value of bankrupt companies is zero, and Gamestop has one foot into Ch. 11? You do know that they got a late extension on a huge pile of debt that was due this March? You do know that the debt was only extended by one year, which only happens when vultures start circling a dying company? I don't know if I ever thought I'd read someone saying that they don't need an exit strategy when investing. I really don't know what the hell that means. Quote Link to comment Share on other sites More sharing options...
Foxx Posted January 28, 2021 Author Share Posted January 28, 2021 r/wallstreetbets is unreal today. 1 Quote Link to comment Share on other sites More sharing options...
Foxx Posted January 28, 2021 Author Share Posted January 28, 2021 Just now, Meazza said: I don't know if I ever thought I'd read someone saying that they don't need an exit strategy when investing. I really don't know what the hell that means. I could be wrong but I think that this has evolved into more than just an investment thing. It has quickly become an anti-institutional platform. 2 Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 Just now, Foxx said: I could be wrong but I think that this has evolved into more than just an investment thing. It has quickly become an anti-institutional platform. Good to know. So at the end, as I said 1000 times in this thread, millions of shareholders (i.e. the little guy) will be stuck with useless shares of gamestop. So who won? Quote Link to comment Share on other sites More sharing options...
Ann Posted January 28, 2021 Share Posted January 28, 2021 Just now, Meazza said: Of course they need an exit strategy wtf? If you buy something you eventually plan on selling it. Maybe. Or maybe you let it ride to the bitter end. You are looking at this as the motivation is money (profit). That is a normal, reasonable, professional outlook. There are a lot of people in on this right now who were in for the entertainment value (ie, they don't care if they lost their investment), taking down Goliath, sticking it to the man, whatever you want to call it. There are people in who wanted to make money. I am not certain which is the larger piece of this pie. If you do not care if you lose your investment, there is no exit strategy. 3 Quote Link to comment Share on other sites More sharing options...
Foxx Posted January 28, 2021 Author Share Posted January 28, 2021 8 minutes ago, GG1 said: He's full of crap. The only thing that retail had in this case was an overwhelming volume of buy orders that caught everyone by surprise. Because retail investors are at best 2-3 steps removed from actual trading, they will never be on par with direct participants. Isn't that part of the perceived problem? Why should institutional outfits have the ability to manipulate markets/stocks and not retail? 1 Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, Foxx said: I could be wrong but I think that this has evolved into more than just an investment thing. It has quickly become an anti-institutional platform. Which would be fine if people are throwing a few hundred here and there to prove a point. But with over $25 bn traded yesterday indicates that some people bought into the hype and will get slaughtered in the correction. 2 Quote Link to comment Share on other sites More sharing options...
Foxx Posted January 28, 2021 Author Share Posted January 28, 2021 1 minute ago, Meazza said: Good to know. So at the end, as I said 1000 times in this thread, millions of shareholders (i.e. the little guy) will be stuck with useless shares of gamestop. So who won? Short game, no one. Long game, Joe and Betty Six-Pack. At least that is the perceived hope if I am understanding this play correctly. 1 Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, Foxx said: Short game, no one. Long game, Joe and Betty Six-Pack. At least that is the perceived hope if I am understanding this play correctly. Yeah, not sure about that. Quote Link to comment Share on other sites More sharing options...
Foxx Posted January 28, 2021 Author Share Posted January 28, 2021 1 minute ago, GG1 said: Which would be fine if people are throwing a few hundred here and there to prove a point. But with over $25 bn traded yesterday indicates that some people bought into the hype and will get slaughtered in the correction. No doubt. However, when has the institution cared about Joe or Betty getting slaughtered. This upset and the talking heads forced narrative is all about the intuitional investors and protecting the tilt. Just my opinion here but I think this 'episode' will be over in a couple days, only to be revisited down the road with a bit more coordination of the retail sector to truly put the hurt on the institution. 1 Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, Foxx said: No doubt. However, when has the institution cared about Joe or Betty getting slaughtered. This upset and the talking heads forced narrative is all about the intuitional investors and protecting the tilt. Just my opinion here but I think this 'episode' will be over in a couple days, only to be revisited down the road with a bit more coordination of the retail sector to truly put the hurt on the institution. And those investors stuck with GME who bought at 300-400? Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 Just now, Foxx said: Isn't that part of the perceived problem? Why should institutional outfits have the ability to manipulate markets/stocks and not retail? What you describe as market manipulation is actually the assymetry between information and market access between institutional and retail investors. There have been countless discussions ATOp about this, and particularly with the moron Birddog who insisted that the field should be level. But how would you make that work? Do you penalize Goldman Sachs because they spend $1 billion/year on trading platforms, information and systems and the retail investor doesn't? As I said, I do have an issue with people making money peddling the lie that retail can be on the same footing as institutional. Always have and always will. My view is extreme in that SEC's regulations are backwards, and it's the investors that need to pass the tests, not the brokers. But since we're not in that world, then retail needs to understand that they will never ever be on the same footing as institutional. 1 Quote Link to comment Share on other sites More sharing options...
Foxx Posted January 28, 2021 Author Share Posted January 28, 2021 22 minutes ago, Meazza said: And those investors stuck with GME who bought at 300-400? It is called a 'casino' for a reason. I certainly do not want to see anyone getting hurt here. However, there are underpinnings of this play that are deeper than the pocketbook. The elite run by a different set of rules and have for a long time. They squashed the rebellion that was the movement fostered under Trump (though to be sure, that movement had it's disagreements). To me, this is that energy rechanneled. If they manage to find a way to squash this rechanneling, it will surface again in some other manifestation. First there was the Tea Party, then the Occupy movement. Trump and this outpouring is the extension of those uprisings. The old way of doing things is on the outs and has been for sometime. With the proliferation of information, it cannot be stopped. The new is coming and there is not a damn thing they are going to be able to do to stop it. 1 Quote Link to comment Share on other sites More sharing options...
LB3 Posted January 28, 2021 Share Posted January 28, 2021 3 minutes ago, Foxx said: It is called a 'casino' for a reason. I certainly do not want to see anyone getting hurt here. However, there are underpinnings of this play that are deeper than the pocketbook. The elite run by a different set of rules and have for a long time. They squashed the rebellion that was the movement fostered under Trump (though to be sure, that movement had it's disagreements). To me, this is that energy rechanneled. If they manage to find a way to squash this rechanneling, it will surface again in some manifestation. First there was the Tea Party, then the Occupy movement. Trump and this outpouring is the extension of those uprisings. The old way of doing things is on the outs and has been for sometime. With the proliferation of information, it cannot be stopped. The new is coming and there is not a damn thing they are going to be able to do to stop it. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.