“…the Nazis appear to be trading Gamestop and AMC…”

In the future present, everyone will have their 15 minutes of being Hitler…

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128 Responses to “…the Nazis appear to be trading Gamestop and AMC…”

  1. Sinclair Davidson says:

    When you strip away all the distractions, this is an old fashioned market manipulation pump and dump scheme.

  2. stackja says:

    Fisk and Gould.

  3. H B Bear says:

    Would Hitler have been a short seller?

  4. stackja says:

    GME Resources WA nickel hopeful on ASX.

  5. H B Bear says:

    Or just the Joooos at Goldman’s?

  6. Roger says:

    The #GameStop saga has taught us that “hate speech” is just an excuse for technocratic elites to silence & blockade their adversaries.

    While the “climate crisis” is just an excuse for the 1% and their hangers on in politicss to further enrich themselves at the expense of the poor old Joe Public, who foots the bill for the subsidies.

  7. C.L. says:

    Maybe so, Sinclair. Certainly, they’re not heroes – not to conservatism or to those who value, and wish to safeguard, the allocative majesty of markets (including share markets).

    But there is schadenfreude to be enjoyed here. So LOLs for that.

    More importantly, the fact that leftists have decided the players are all Nazis (just because they’re giving a black eye to the establishment) tells us everything we need to know about who now controls that establishment.

    I suppose we should be grateful for that confirmation – though, to be honest, it’s not exactly a news flash anymore.

  8. H B Bear says:

    Support you local merchant banker.

  9. Dot says:

    Sinclair Davidson
    #3740989, posted on January 29, 2021 at 11:58 am
    When you strip away all the distractions, this is an old fashioned market manipulation pump and dump scheme.

    I will be polite.

    Please stop.

    No one putting in money now cares if they lose.

    However, 140% naked short selling. So you could be a sucker and still make a huge ROI.

    What about the after market manipulation? Yellen-Citadel-Robinhood-Princess Plotkin grubbery?

    If new institutional money comes in now from algos and institutions to eat Princess Plotkin’s corpse, and they lose, who sheds a tear?

    The utility function of the retards is to absolutely smash SAC and Princess Plotkin.

    $500 for a month of entertainment is arguably cheap.

    This is the free market smashing an inefficient, stupid market anomaly by voluntary, distributed crowd funding.

    No one is saying GME has fundamentals justifying $694.20.

    The short squeeze justifies short term demand spiking.

    Remember, the market is always efficient, when it isn’t, it still is, the participants are wrong.

  10. H B Bear says:

    No skiing in Aspen. And now this.

  11. Dot says:

    This will affect women the most.

    Whose soon to be ex husbands own several yachts.

  12. Rebel with cause says:

    A lot of people seem to be enjoying giving financiers a black eye and prepared to risk a bit of coin to do so.

    Further, it’s different from old fashioned pump and dump. No one is claiming that the underlying fundamentals of GME make it worth $200, just that at that value there are a bunch of short sellers that will be forced to buy. The masses have used their combined financial weight to push the opposite side of the bet and the financiers don’t like it.

  13. feelthebern says:

    Is it a pump and dump scheme?
    Sure.
    But that’s a fraction of the complete picture here.

  14. thefrollickingmole says:

    Still waiting for someone to point out how it is essentially different to Soros organising a bunch of funds to “ break the Bank of England” and make millions doing so.

  15. C.L. says:


    Ben [email protected]

    Some hedge fund guys are jackasses. Some aren’t. But undermining confidence in the pricing mechanism of the market to make some quick cash and screw those guys isn’t virtue (though again, it would take a heart of stone not to laugh).

  16. Rebel with cause says:

    Shapiro is such a whiner. Avoiding ‘undermining confidence in financial markets’ is the same excuse used when wall st gets bailed out and main st gets screwed. People are tired of it.

  17. feelthebern says:

    facebook deletes the largest robinhood group on their platform.
    157k users.
    It’s going to be glorious when apple & google fuck with fb.

  18. Rorschach says:

    When you strip away all the distractions, this is an old fashioned market manipulation pump and dump scheme.

    It’s more a case of a risky market manipulation by Melville and co being “caught” out.

    The hedge funds shorted and manipulated the market down twice already. They effed over all the fundamentals traders that rightly or wrongly had GameStop valued at $20 or so. And tried to do it for a third time – with naked shorts this time and came across a community that for a change chose to resist for various reasons [not least being a dislike for the “power” of the institutionals]

    By the way:

    Who does the analysis and research that the hobby day traders use to chart their strategy? [Hedge funds?]
    Who has major contacts in the MSM / Financial Reports that parrot and hype the good/bad news [Hedge funds?]
    Who owns the systems that the day traders use [Hedge Funds?]
    And who [if suspicions are correct] receive the day trader’s activity in real time and even before the trades are booked [Hedge funds?]
    Who has the power to deplatform the forums, to only allow sale transactions and all the shite that’s going on now? [Would it be the Hedge funds?]

    And the little people who take a MORAL stand on a greedy stuff up are the ones manipulating the market?

    All this talk of manipulation is just positioning / spin for when the Yellen will agree to use tax payer money to bail out the poor Hedge Funds and brokers “unfairly” targeted by the nasty meanies at that white supremacist site WSB who manipulated the market and and and.

    Deep state stuff in clear as day action.

    https://patriots.win/p/11SKBvS1WX/watching-trade-platforms-prevent/

  19. feelthebern says:

    Hedge fund I invest in has average short position of 30bps of total assets.
    Largest short position is 80bps of total assets.

    What kind of risk management do you have when 85% of your assets get ripped up by one position.

  20. feelthebern says:

    This should be a simple case of hedge fund mismanages risk.
    Hedge fund covers position.
    Next.

  21. Professor Fred Lenin says:

    They cant be nazis ,nazis were socialists like the democrims the clue is in the name German Workers National Socialist Party , anti fascist perhaps ,unlike “antefa ” which is fascist . Globalism is communist socialist fascism, Which uses race as a weapon .
    Some poor kids are as bright as white kids , dont mention paedo joes legs and kids . if you dont vote for the slavers party you aint black .
    The Union Army are nazis they want to abolish slavery . John Brown was a Russian plant .
    Abe lincoln is a puppet of the Tsar . Democrims through the ages , like the ALP another liars party .

  22. Warwick says:

    I spent 25 years in various investment banks selling exchange traded derivatives – futures, options, eq options, whatever. Perfectly legitimate to identify an asset that is oversold and then all pile in and try and squeeze out the shorts. And yes, after you bought – you tell as many people as possible and hope they jump in.
    I was on a gold desk back in the 90s and word went around that a producer had got overly cute and forward sold more gold then they had in their mine. They got squeezed! It is absolutely legitimate to identify weakness and exploit it. If this went to SEC, or regulatory investigation of any kind and was pronounced “illegal” there would be blood on the streets. AKA A huge riot.
    A ex work mate just said – but mate – this is unrelated to any fundamentals. Its dreadful. PIFFLE I say .. We have customers post GFC taking super cheap loans from central banks and turning around and buying truck loads of commodity futures – hugely leveraged – to drive the price higher. Simply because the blue line on a chart crossed the black line and they thought shorts would be stopped, which would drive index players that have to buy and ETFS and all the rest.

    THis is a beat up

  23. C.L. says:

    Shapiro is such a whiner. Avoiding ‘undermining confidence in financial markets’ is the same excuse used when wall st gets bailed out and main st gets screwed. People are tired of it.

    Right but that doesn’t mean the GameStop shenanigans are making the market mechanism stronger or more sovereign.

    Plus, let’s be honest: the ones making a killing are not “the people” or even Main Street. They themselves are a well-informed elect who know how to play in this rarefied arena.

  24. Oh come on says:

    Come on, Sinclair! The Reddit guys took an opportunity to squeeze the life out of a hedge fund that was taking an opportunity to squeeze the life out of a stock. Now the financial establishment is engaging in special pleading (‘look at the way they speak to each other! They’re Nazis/alt-right/insurrectionists/Trump supporters/[insert Newspeak cancel label here]! We can’t have them in our precious, ideologically pure, 100% politically correct capital markets!’) in an effort to justify why turnabout isn’t fair play. Well, guess what, Wall St? It is. Chew on that. And while you’re digesting that multi-billion dollar loss, let me just throw in a quick Fuck You and the horse you rode in on. Looking forward to watching you drown in red ink.

  25. Oh come on says:

    Trust Ben Shapiro to start crapping on about virtue. The We Like The Stock guys aren’t heroes, agreed. They saw an opening and took it, nothing more. The whining coming from Wall St and its media proxies about this is what people find so sickening. Sure, there are no heroes here. There are no victims, either. Screw those Wall St xunts for claiming that mantle.

  26. jupes says:

    Sure, there are no heroes here.

    Taking down some of the ‘elite’ deserves kudos surely.

  27. Rabbi Putin says:

    And seeing as we’re all Hitler anyway, for what it’s worth, that’s one hell of an autobahn!

  28. H B Bear says:

    Taking down some of the ‘elite’ deserves kudos surely.

    Or at least a LOL.

  29. Tom says:

    And just like that, journalism became the world’s primary source of political propaganda – specifically propaganda designed to smear opponents of leftist shutup fascism enforced by the sociopathic HTML coding misfits of Silicon Valley.

    Journalists — and I mean ALL journalists, except for a tiny conscientious minority — now see themselves as political players working to advance the agenda of the new leftist establishment.

  30. Oh come on says:

    This is the free market smashing an inefficient, stupid market anomaly by voluntary, distributed crowd funding.

    No one is saying GME has fundamentals justifying $694.20.

    The short squeeze justifies short term demand spiking.

    Remember, the market is always efficient, when it isn’t, it still is, the participants are wrong.

    Right. The story here is the wrong participants scrambling for regulatory protection (that they’re likely to receive) the second their scheme is brought down via tactics they themselves use, employed by a group that isn’t a part of their cartel and thus is willing to use those tactics against them.

    And the SEC is going to move to protect the cartel.

    That’s the story.

  31. C.L. says:

    Screw those Wall St xunts for claiming that mantle.

    It’s not their victim bleating that bothers me. It’s the cynical, asshole-gestapo recourse to white supremacism and Nazism to provoke a Federal intervention.

    America is dead. We knew it would die if Trump lost and – guess what – it did.
    It’s now a weird North Korean Tammany Hall.

  32. John Brumble says:

    C.L. and Sinclair –
    If there is mistrust in the market, the fault lies with naked short-selling, not those who took advantage of it.

    “People are forced to buy it” IS an underlying fundamental of a share’s value, just not a common one.

  33. Oh come on says:

    Taking down some of the ‘elite’ deserves kudos surely.

    It’s freaking hilarious. The memes being generated are epic. And they’re having fun. So there’s that.

  34. Paul says:

    the Wall Street totalitarians displaying their corporate fascism.
    No one is allowed to send businesses broke or make squillions in profits without our say so.
    We make up the rules, we make the money
    Just ask our illustrious president Xi and his puppet Joe.

  35. Dot says:

    50 years time…

    I was on r/WallStreetBets when Gabe Plotkin went broke, man!

  36. Dot says:

    *Hey Gabe,

    Go back to your 125,000 sq ft shanty!*

  37. Colonel Crispin Berka says:

    Short squeezing hedge funds while camping in the Grampians.
    Is there nothing these modern Nazis can’t do?

  38. Ƶĩppʯ (ȊꞪꞨV) says:

    When you strip away all the distractions, this is an old fashioned market manipulation pump and dump scheme.

    no it is absolutely not, it’s a short squeeze. A blindingly brilliant and hilarious short squeeze on a bunch of greedy little fuckers who like to throw their weight around and got a taste of their own medicine.

  39. JC says:

    However, 140% naked short selling. So you could be a sucker and still make a huge ROI.

    Seriously, this stock was 140% short interest. FMD. Maybe I ought to get around more and watch for such anomalies. Any stock with that sort of short interest deserves a looksee.

    feelthebern
    #3741065, posted on January 29, 2021 at 1:08 pm

    Hedge fund I invest in has average short position of 30bps of total assets.
    Largest short position is 80bps of total assets.

    What kind of risk management do you have when 85% of your assets get ripped up by one position.

    Bern, was the position size (85%) the valuation when they entered the position or was it the valuation at the end. The reason I’m asking would be obvious.

    I can’t believe these imbeciles waited so long to exit.

  40. Colonel Crispin Berka says:

    People are noticing things.

    Allum Bokhari @LibertarianBlue · 1:54 AM · Jan 29, 2021

    Trading halted for volatility
    Voting halted for volatility
    Social media halted for volatility
    Constitution suspended for volatility
    Throwing you in the gulag for vo

  41. Oh come on says:

    It’s the cynical, asshole-gestapo recourse to white supremacism and Nazism to provoke a Federal intervention.

    I agree. That being said, billions are on the line and everyone knows the recourse you mentioned is effective. They were always going to have a spin at that game to minimise their losses.

    There is nothing wrong with derivatives trading – it makes the market more efficient. What we are seeing here though is the exposure of a cartel that has been manipulating the market through coordinated derivatives trading. The cartel members are pissy because their cartel is being threatened by outsiders who aren’t bound by cartel rules and are thus free to cash in on the absurd positions that cartel members have been making bank on, secure in the knowledge that other members won’t attack those positions.

  42. JC says:

    The next spot to possibly make a little change for regular , run of the mill nazis.

    The next energy crisis is making its way through the system.

    Setting the Stage for an Oil Crisis

  43. Oh come on says:

    Seriously, this stock was 140% short interest. FMD. Maybe I ought to get around more and watch for such anomalies.

    I reckon that game is well and truly over, unless the cartel is formally entrenched and free agents are banned from playing.

  44. Oh come on says:

    This is one of those situations when everyone stands around and wonders why nobody did it sooner.

  45. feelthebern says:

    I can’t believe these imbeciles waited so long to exit.

    That’s the key isn’t it.

  46. tgs says:

    OCO is spot on.

  47. Entropy says:

    Nobody did it sooner hedge funds are a cosy little castle that watches each other’s back. Their neat little system got overwhelmed by outsider barbarians, and Rome is falling.

  48. Entropy says:

    Nobody did it sooner because hedge funds are a cosy little cartel that watches each other’s back. Their neat little system got overwhelmed by outsider barbarians, and Rome is falling

  49. Entropy says:

    RobinHood has ceased trading GME becuase volatility

    There is a change.org petition to get Apple to remove RobinHood for the Apple App Store. This little war is getting out of hand.
    Over 28,000 signatures so far.

  50. Colonel Crispin Berka says:

    These are people who’ve likely played Starcraft.
    You only get taken down by a Zerg rush once before you learn to defend against it in future games.
    The buy-anything-WallSt-shorts routine seems unlikely to work reliably.

  51. Professor Fred Lenin says:

    The democrims are Robbing Hoods take from the poor and give to the rich.
    Amazing how a bit of a bribe can change minds ask paedo joe .

  52. Bronson says:

    Short selling encourages corrupt behavior and practices. This instance is an example of that. Short sellers tried to crash the stock others identified the shorts had over committed themselves (140% over borrowed)and bought in to increase the price and pressure the shorts. Now the shorts have got a couple of whales to bail them out while other whales are buying into the stock. Eliminate short selling and all this goes away.

  53. Warwick says:

    Seriously, this stock was 140% short interest. FMD.

    How do you get to 140% short interest without breaking the law?? I understand that if you buy a put the market maker can sell stock to hedge his risk — but I cannot think of any other ways to legally short sell without having borrowed the stock prior.

  54. feelthebern says:

    /WSB now is up to 5.5mill retards.

    /WSB to reddit is what Trump was to twitter.

  55. JC says:

    Warwick

    You can because you naked short in the US without having to borrow the stock.

    There are people complaining that naked shorting is so, so terrible.

    I can’t see the problem. You and I can agree to transact a stock deal right here , right now.
    It’s the same principle in an organised market.

  56. Baa Humbug says:

    When you strip away all the distractions, this is an old fashioned market manipulation pump and dump scheme.

    Oh dear (Doom)lord.
    Here is a good explanation of what’s going down. You need to get up to speed (IMHO).

    https://twitter.com/endtwist/status/1354547622133051393

    Seriously, this stock was 140% short interest. FMD.

    Actually it’s worse than that. It’s 140% of ALL issued stock. But not all issued stock is available for trading.
    The actual % of tradable stock must be much much higher.

  57. Rorschach says:

    Not sure if this is true – but it’s from Poso:

    Peter Strzok’s Wife Named Acting Director of the Division of Enforcement for the SEC

    So – the wife of possibly the most corrupt FBI agent will be leading the investigation into WallStreetBets “manipulating” the market. The FIX is in.

    https://twitter.com/JackPosobiec/status/1355013086537768960?s=20

  58. Phill says:

    Reminds me of February 1637, when the dutch were flogging of tulips at 10 times a skilled worker’s annual salary. Didn’t end well. Any cat-economists out there who want to comment on the parallels?

  59. feelthebern says:

    Beta soyboy Robinhood founder on Fredo’s show saying why he did the right thing restricting GME & AMC trades.
    Tells you everything you need know.
    If Fredo gives you a curated platform uninterrupted, you’re part of the cabal.

  60. Warwick says:

    Naked short selling was banned in the US during 2008 JC. I have no issue with short selling as a rule, but to be able to sell more shares short then are on issue is pretty crazy in my view.Obviously, there must be effective ways to circumvent the law, but the practice has been banned. I am not sure that adds anything useful to price discovery.

  61. feelthebern says:

    Cuomo interview with SoyBoy.
    I withdraw my previous post.
    Fredo – while he didn’t interrupt – did ask straight questions.

    https://www.youtube.com/watch?v=6fs_lyGn4YA

  62. Oh come on says:

    Peter Strzok’s Wife Named Acting Director of the Division of Enforcement for the SEC

    Hell hath no fury.

  63. feelthebern says:

    If party A, buys a billion call options over anything, as long as they settle, there are absolutely ZERO requirements on behalf of the participant.
    Collateral is only required if you sell an option that you don’t already own.

    Soyboy is a farking liar.

  64. Ƶĩppʯ (ȊꞪꞨV) says:

    So – the wife of possibly the most corrupt FBI agent will be leading the investigation into WallStreetBets “manipulating” the market. The FIX is in.

    I would say corruption started from the head down.

  65. JC says:

    Bern

    It’s possibly true that they had to close down the trading for leveraged accounts because of the huge volatility in some of these stocks. Robinhood’s capital probably couldn’t withstand the risk.

  66. feelthebern says:

    There’s a difference between reducing an LVR and shutting down trading.

  67. JC says:

    Collateral is only required if you sell an option that you don’t already own.

    Soyboy is a farking liar.

    That’s true for the long side of option provided the capital placed as margin isn’t also a potential risk. It’s not though for leveraged longs or shorts.

  68. JC says:

    There’s a difference between reducing an LVR and shutting down trading.

    Did they shut down trading even for leveraged accounts? If I have 100 bucks in my Robinhood account and want to buy 100 bucks (only) they won’t allow me?

    Wow.

  69. JC says:

    If that’s true there could be a knock-on impact from market makers refusing to do business with them in those names…. those highly volatile stocks.

    It could be the market makers getting heat from the hedge funds told them to shut down Robinhood’s trading. That’s also very likely.

  70. feelthebern says:

    Did they shut down trading even for leveraged accounts? If I have 100 bucks in my Robinhood account and want to buy 100 bucks (only) they won’t allow me?

    Yep.
    No buying.
    And they sold GME for cash backed (zero leverage) accounts.

  71. JC says:

    Bern

    I bet you it’s not Robinhood closing shit down. It’s the market makers and those firms that offer them credit lines etc.

    Also, you have to consider their capital and risk. Is their margin capital pooled or segregated?

  72. Harpo says:

    How on earth can this be called a pump and dump? The market manipulators aka hedge funds were the ones trying to manipulate a sound business into bankruptcy. They got what they richly deserved. I saw a lot of these shady market manipulators when I was at the Sydney Futures Exchange. One of the member banks had a lot in common with these criminal hedge funds. I hope the good guys take on Soros in his next piece of chicanery and beggar him.

  73. feelthebern says:

    Robinhood doing a $US1bill cap raise right now.
    LOL.

    That wont touch the sides.

  74. feelthebern says:

    Last November this was a pump & dump.
    It’s only recently turned into a short squeeze.

  75. feelthebern says:

    Posted byu/MeowieWowie
    1 hour ago

    ARE WE FUCKING DOGS? Robinhood only wants to give us table scraps. 🔥 BURN IT ALL DOWN!

  76. Entropy says:

    Really needs to be made into a Downfall parody.

  77. feelthebern says:

    It has been entropy.
    About a dozen times.
    Each one more magnificent than the last.

  78. Dot says:

    This is so good it HAS to be fattening.

  79. feelthebern says:

    Dot, you know what’s coming…..”Courts will be convened”…..

    Old man Biden would poop his pants if he understood what was going on.

  80. feelthebern says:

    I haven’t felt this happy since the US election.

  81. feelthebern says:

    DeepFuckingValue is still in and has a message for you. Do you want to go out with a whimper or ride with the Valkyries to Valhalla 🚀🚀🚀?

    https://www.reddit.com/r/wallstreetbets/comments/l7kod4/deepfuckingvalue_is_still_in_and_has_a_message/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

  82. PB says:

    “Old man Biden would poop his pants if he understood what was going on.”

    Jerrod Nadler knows, and he did.

  83. feelthebern says:

    Reuters have doxed /deep fucking value.

  84. Rebel with cause says:

    Right but that doesn’t mean the GameStop shenanigans are making the market mechanism stronger or more sovereign.

    The same share market that has gone up while the political class has done everything possible to tank the real economy? The whole thing seems like a house of cards at this point CL. Nice to enjoy the show for a change.

  85. Judge Dredd says:

    Fake media.
    Fake elections.
    Fake courts.
    Now fake finance.
    The people will be riding soon, the jig is up for the elite, the wicked, the deep state.

  86. feelthebern says:

    Now fake finance.

    Kinda been going that way since Bretton Woods.

  87. Rorschach says:

    Apparently RobinHood is not only preventing buy trades but is closing out positions of Gamestock shareholders against their will. At below market (and driving the price down)!!!

    https://twitter.com/joemccann/status/1354859879337320452?s=21

    [Apparently because the position was risky!]. How can this be legal?

  88. feelthebern says:

    How can this be legal?

    It’s in their T&C’s.
    It’s totally fucked, but not illegal.
    What’s illegal is colluding with market makers & the hedge funds.

  89. Ƶĩppʯ (ȊꞪꞨV) says:

    This is so good it HAS to be fattening.

    I can’t believe its not butter

  90. 2dogs says:

    Entropy
    #3741281, posted on January 29, 2021 at 5:37 pm
    Really needs to be made into a Downfall parody.

    Already done:

    https://www.youtube.com/watch?v=R8JX005MZeE

  91. Tel says:

    When you strip away all the distractions, this is an old fashioned market manipulation pump and dump scheme.

    If you genuinely believe that, then explain why the naked shorts are significant here. No mention of shorts in the following definition.

    https://www.investopedia.com/terms/p/pumpanddump.asp

    Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements.

    And while we are at it … provide some links to where Wall Street Bets has made false, misleading, or greatly exaggerated statements.

  92. Rorschach says:

    It’s totally fucked, but not illegal.
    What’s illegal is colluding with market makers & the hedge funds.

    As Portnoy (who has been suspended by Twatter by the way) says: RobinHood has effed over all their customers, colluded with Citadel and manipulated the market. They are GORN! Will not exist and people should go to jail. (And I’m assuming that there is an end user agreement in place that allows them to trade on their customers’ behalf without consent).

    And this brings up the question of when? I saw/read/heard that users could not transfer the position / portfolio in RobinHood without settling / selling first in the system. If RobinHood closes / shuts down… will that not force all positions in its systems to settle ? A massive liquidity spike?

  93. feelthebern says:

    Rorschach, I was the one who said you had the cash out instead of transferring assets out of Robinhood.
    Reading some of the sub reddits, it appears that’s correct for some accounts, like leveraged positions & options, and crypto.
    If you had a vanilla account, ie paid with real money, no leverage, only stocks, you can transfer your account.
    But it can take Robinhood up to a week to action.

  94. feelthebern says:

    Portnoy is 100% correct.
    It’s about the collusion.
    As JC posted a week ago, there are some factory chicken farmers in jail right now for collusion.

  95. Rorschach says:

    But it can take Robinhood up to a week to action.

    Yah. Thanks.

    I’d bet that they don’t last a week! (Where can I short their stock? 🙂 )

  96. Dot says:

    Look.

    This is not financial advice.

    We just really like the stock.

  97. feelthebern says:

    Dot, do you think we can make “retard” a term of endearment at the Cat?
    Or do you think it will be lost of too many of the Cateratti ?

  98. Tel says:

    Right but that doesn’t mean the GameStop shenanigans are making the market mechanism stronger or more sovereign.

    This is extremely easy to understand … the practice of naked short selling is literally selling a bill of goods … it means promising to buy in future what you do not own and selling it now. There is no mechanism to ensure what you are attempting is even possible.

    The WSB folks found a case where the short sellers had gone out on a limb, and now they are punishing them severely for taking that risk. The problem entirely is the practice of naked short selling so either [A] make that outright illegal or [B] allow WSB to drain an entire billion dollar hedge fund until they make an example out of what can go wrong.

    Turning around and protecting the naked short sellers against their own stupidity is the worst of the worst type of top down moral hazard. Doing that would unequivocally prove the system is rigged.

  99. Dot says:

    This thread has several retards on it.

    This is the way, brothers.

  100. feelthebern says:

    Retards.
    Autists.
    Apes.
    No wonder the fun police can’t handle it.
    It’s pure, toxic masculinity.

  101. Dot says:

    Apes can be taught higher languages, but they only know three letters.

    GME.

  102. feelthebern says:

    You apes want to live forever !

  103. feelthebern says:

    Premarket 397.
    Up 202 (105%).

  104. feelthebern says:

    /WSB is in a frenzy
    An actual frenzy

  105. duncanm says:

    Why haven’t I discovered this guy before?
    Saagar Enjeti at The Hill

    https://www.youtube.com/watch?v=9ToOGrUQ7ME

  106. feelthebern says:

    Duncan, you won’t like a lot of his stuff.
    But on anti Wall Street, anti establishment stuff, he’s pretty sound.

  107. Shy Ted says:

    Tel #3741522, posted on January 29, 2021 at 9:35 pm
    That’s Richard Kiel getting a kick in the nads in the clip. He was Jaws in the 007 movies The Spy Who Loved Me and Moonraker, One of my favourite baddies. Til Hedge Funds came along.

  108. thefrollickingmole says:

    I like the affectionate term “ smoothbrains” myself.

    I do wonder how Trump would have handled it?

  109. Tel says:

    That’s Richard Kiel getting a kick in the nads …

    I feel terrible, given your enthusiasm … but I am a mere servant to Truth.

    https://www.imdb.com/name/nm0144252/

  110. Stimpson J. Cat says:

    Can’t believe the Nazis just carried out another Holocaust.

    And you’re all laughing.

  111. Tel says:

    Short selling encourages corrupt behavior and practices. This instance is an example of that.

    There’s two types of short selling.

    Covered short selling means that you have call options in your hand … the legitimate owner of the shares has loaned them to you and got paid to give you a backstop so your potential losses are limited in the unlikely event of a Reddit insurrection.

    Naked short selling means you are selling what you do not own and what probably does not even exist and no one will save your chubby rubbery backside when the nerds locked in their houses for a year come to take what is rightfully theirs.

    Now … it happens to be mathematically impossible to get into a position where 140% of the stock is sort sold and also covered … at absolute best 100% can be covered and even that is ridiculously unlikely as others have already pointed out … you see what I’m getting at? When the Reddit tide goes out, you see who is short selling naked. I have no problem with people selling something that does exist, but I have a big problem with what is naked fraud … gives Capitalism a bad name and we can’t be having that.

  112. Snoopy says:

    Sundance at CTH:

    The owner of the New York Stock Exchange (NYSE) is Jeffrey Sprecher. Remember the position of Senate Majority Leader Mitch McConnell in regards to Senator Loeffler? Well, Mr. Sprecher is the husband of former Senator Kelly Loeffler.

    It gets worse. Much worse.

  113. Dot says:

    Covered and uncovered shorting, naked or not.

    A risk manager going uncovered, naked shorting a huge number of shares (enough to affect supply)?

    They’re just delta punting.

    They should be plebs. How morons like this and Merewether still get funds thrown at them is something to behold.

  114. Rorschach says:

    Turning around and protecting the naked short sellers against their own stupidity is the worst of the worst type of top down moral hazard.

    Amen

    Distorts risk pricing. If you know you are going to be bailed out (and particularly by public moneys) …. what is the the risk? Just becomes all upside.

  115. Rorschach says:

    Retards.
    Autists.
    Apes.

    Pedes
    Deplorables

    And what’s wrong with Cats?

  116. Crossie says:

    What I see in the US is a low grade civil war with Confederates (the Democrats) winning so far and mutilating their political prisoners. How long will it continue in that vein?

    The funny thing is that there is a proxy US civil war going on in every democratic country in the world, everybody is taking sides.

  117. Crossie says:

    The owner of the New York Stock Exchange (NYSE) is Jeffrey Sprecher. Remember the position of Senate Majority Leader Mitch McConnell in regards to Senator Loeffler? Well, Mr. Sprecher is the husband of former Senator Kelly Loeffler.

    It gets worse. Much worse.

    Oh dear, the election really was all political theatre.

  118. Clam Chowdah says:

    https://market-ticker.org/akcs-www?post=241454

    A great read with some great lines.

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