$GME squeeze

Discussion in 'The Lounge' started by Carterantebi, Jan 27, 2021.

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  1. blackcloud9

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    Hi Lee - That's not what is happening. Please find me someone stating this in a writeup or article, I would be interested ....

    (Disclaimer: I've never posted in the Lounge before, and avoid it though this thread was just "up my alley" since I've been investing/trading my own accounts since the late 80's, and, also may have worked for the last 13 years at a nationwide Broker/Dealer with $800 BIL under management. I assure you that Financial Services is the most highly regulated industry on Earth forcing big brokers to spend upward of $50 million per year just funding regulatory departments to keep up. FINRA and the SEC are breathing down our necks every single day, for absolutely everything - every move is recorded and reviewed and fines are in the tens of millions for any misbehavior or shenanigans. )
     
    #101 blackcloud9, Jan 29, 2021
    Last edited: Jan 29, 2021
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  2. ScubaLee03

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    Hi BC,

    Thank you for the sharing of your expertise thus far.

    I’m uneducated in stock investments - trying to learn and understand what’s going on with this headline news.

    What I’m posting is just me trying to connect the dots between all the different parties involved in a complex investment vehicle.

    There is definitely a lot more to it than meets the eye. Still unclear about a few things and hence the assumptions.

    One thing for sure, gotta understand the fine prints!!
     
    #102 ScubaLee03, Jan 29, 2021
    Last edited: Jan 29, 2021
  3. hookemdano

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  4. Chriwilson

    Chriwilson I'm your Huckleberry ...
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    Kinda matches the weather...
     
  5. Titos334

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    Honest reason why I'm betting on the market and not the casino is because the second your finger gets lifted you got 100% exposure and your risk is symetric. Stock likely wont hit zero and the there's an asysmmetric risk since you potentially stand to gain more than you can lose.
     
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  6. blackcloud9

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    Good point Titos ... but my response "bet on BLACK" was specifically related to Carterantebi, asking about buying CALL OPTIONS on AMC Theaters stock. Not just buying AMC stock.

    Owning CALL Options are different than owning stock, of course, because if the underlying stock (AMC) closes under your strike price($19) on expiration Friday (2/5) then you have lost every penny that you spent on the CALL Options. Every penny. You see its just like betting on BLACK at a casino with that money. Sure, if you're right though, you can profit big time and double or triple your trade. You can even trade options on borrowed money if you're nuts. I've done it in the right situations. (1-800-GAMBLER)
     
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  7. fisheromen

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    Man do I feel ignorant! I invested in a new lure today!
     
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  8. hookemdano

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    capture.jpg
     
  9. Carterantebi

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    Thought this was funny 898B9507-6B6E-4482-B116-DE9CD818F4D5.png
     
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  10. dmorgan3

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    Being an old guy who lost his shirt in the Tulip Mania, I don't go for these speculative things anymore.
    Tulip mania - Wikipedia.
    There is a saying in gambling: "if you look around the table and you don't see the sucker, you are the sucker".

    In musical chairs, when the music stops, there is always a loser.
     
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  11. blackcloud9

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    The younger you start trading and investing, the more time you'll have to recover from mistakes. Consider that this may be true:


    Capture.JPG
     
    #111 blackcloud9, Jan 29, 2021
    Last edited: Jan 29, 2021
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  12. hookemdano

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  13. Chriwilson

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  14. Carterantebi

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  15. Carterantebi

    Carterantebi The Skunk Magnet
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  16. hookemdano

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    very interesting
     
  17. hookemdano

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    capture.jpg
     
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  18. ScubaLee03

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    Wouldn’t be surprised if this was an example of “naked shorts” being caught.

    Kinda reminds me of residential real estate (RE) brokers having the responsibility of handling their clients’ earnest money for home purchases.

    Many shady RE brokers took advantage and caused financial harms to their clients.

    Government regulation had to step in to protect the consumer by requiring RE brokers to understand the ethics involved and to provide affiliated company disclosures, representative and agency disclosures, to help average consumers understand a little bit more about what’s involved in a home purchase.

    Not all brokers are bad and not all brokers are good. You really should compare them and ask as much questions as you can for an understanding. Gotta do your DD.

    The Stock Market is a game that has serious affects on everyone, including the livelihood of innocent bystanders: the people that choose to not participate in it.

    It’ll be interesting to see what results from this episode.

    Lastly, not all technology is bad and not all technology is good.

    Financial technology has advanced so much that RE brokers no longer have to handle clients’ earnest money. Real Estate Consumers can directly send funds on their own to escrow companies using their cell phones or computers. :emoji_relaxed:
     
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  19. Slater

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    Abort mission, abort mission…:emoji_tired_face:
     
  20. Carterantebi

    Carterantebi The Skunk Magnet
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    Looks like all the news outlets are eating up this whole silver thing and saying Reddit has shifted their interest to it. If you actually take 30 seconds to look at WSB you’d know this is far from true. Just a distraction from Citadel. The only ones trying to pump it are random spam bots that keep getting banned from the sub.
     
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