Leaderboard
Popular Content
Showing content with the highest reputation on 01/28/2021 in all areas
-
7 points
-
6 points
-
Bingo. The internet has let a bunch of disenfranchised folks get inside the OODA loop of some heavy hitters in the financial world. Disruption at its finest. The series of moves and counter moved seems afoot with WallStreetBets being banned from Discord...not for the recent shenanigans of course, but for failing to reign in "hate speech". Lulz...okay. I'm still thinking the crowd sourced hedge busters might be a manipulated entity by someone looking to benefit in the chaos, but this genie is out of the lamp. The generations who have had to live through two economic Armageddons ('08 & COVID), while being screwed in-between to the point where they can't say they have equity in the American Dream have a lot of un and underemployed folks, alongside some others who are a-okay helping chaos along...that's who was shown what their collective will can do when they focus it. These are the generations who have existed in the most rapidly changing times we've ever seen for their entire lives. They switch apps for everyday use and patterns of life like everybody goes through pairs of shoes. Wonder who wins a battle of adaptions...them, or the federal government/financial Lethargarians who only successfully innovate at what amount to rigged evolutions?5 points
-
Thanks! It gets better... The best part is that I was in South Dakota last week and saw one in a Cabela’s. I almost walked out of there with one that had its bayo and had a wonderful patina. It was $3500. Even after I track down the M1917, I’ll have about 1/4-1/3 of that invested. I picked this up for less than the price of a reproduction, and I didn’t even have to search the deal out. It fell into my lap by way of a friend of a friend. I’m super excited right now.4 points
-
This isn’t about rational investing anymore. This is the internet learning a new power. The power to go after the one group of folks everyone hates, Wall Street. It’s not investing, it’s war. I was reminded of something an old buddy of mine once said, “The next American revolution will be French.”4 points
-
3 points
-
There's an old saying that if something is free - you're not the customer, you're the product. One of the primary firms at the center of (what will be) the investigation is Citadel LLC. They're sort of two businesses in one - they're a giant "alternative asset manager" aka hedge fund - and the other half of their business is one of the biggest market makers out there. Citadel is a major investor in Melvin Capital - one of the hedge funds that got run over by r/WallStreetBets - having invested almost $3B after they got caught in the GME short squeeze. On the other side, Citadel is Robinhood's biggest client. One half of your shop just got run over - the other half looks and says - okay we've got to get this money back. There's some stuff in that "making our money back" that can cross the line from "ethically grey" to illegal really quick. But, Robinhood looking after their biggest customer by offering up the common retail investor is really something else entirely,.3 points
-
There’s some increasing evidence that Wall Street firms are playing both sides of this and fueling it. A firm could potentially simultaneously see orders and then trade options at prices they can then ensure. As retail investors were increasingly shut out yesterday as their brokerages closed access, the price still rose quickly. Some hedge fund have already figured out a way to make money off of this. Again, this is some billionaires screwing other lesser billionaires - so on one hand who cares. But, a lot of those retail investors are going to be left holding empty bags. GME’s drop is going to be as fast as it’s rise.3 points
-
3 points
-
The prevailing commentary in the media today really disgusts me. The big concern seems to be that we need to limit, curtail, or shut down the little guy's ability to trade these stocks. It's too risky. He's not supposed to speculate. It's short term. SO WHAT! Everyone can speculate but the little guy? Nobody ever cared about that until the LITTLE GUY just won BIG! What a pathetic cave-in to the big money. The huge, rotten, selfish, corrupt hedge funds finally get their ass kicked, and the regulatory response seems to all be directed at shutting down the little guy to protect them. What a joke. We'll see how this plays out. It will certainly be interesting, but it will not infect all (or hardly any) of Wall Street and IMHO it has nothing to do with today's general market decline, which was overdue. That's about Biden.3 points
-
And just to clarify, it's so much easier to kill a company, and then steal the remnants, that to buy in and build it into something. Hence, the shorting. It's just slam, slam, slam, short, short, short, all of which mean sell, sell, sell, whether they actually own it or not, and their goal is to slam, short, sell it into oblivion. In this case, a couple million individual investors decided to stick it to them. I've been in this for 45 years. This is SO refreshing to see!3 points
-
2 points
-
2 points
-
I saw several similar comments on r/wallstreetbets. Many of them claim they know they are going to lose money but it's worth it. Talk is cheap but I'm sure there is some truth to it. One comment that really stuck out was when someone said "occupy Wall Street just had the wrong approach".2 points
-
Looks like Robinhood has put a stop to buying Gamestop, along with the other stocks that have been targeted for "attack". "Shares of AMC Entertainment Holdings, BlackBerry Ltd., Bed Bath & Beyond Inc., Express Inc., GameStop Corp., Koss Corp., Naked Brand Group and Nokia Corp. have been restricted to “position closing only,” the company said in a blog post. This means that traders cannot initiate new positions in shares of those companies and can only sell existing holdings." https://www.foxbusiness.com/markets/trading-app-robinhood-blocks-users-buying-gamestop-other-stocks2 points
-
2 points
-
As always, this is NOT LEGAL ADVICE!! The confusion typically comes from the fact that there is no "hard and fast rule" here. Someone who forcibly enters and has no legal right to be there creates a presumption that you (the rightful occupant) are under a reasonable fear of death or grave bodily harm. That presumption can be overcome by the facts, though. For example, an intruder forcibly enters, is completely naked, and falls asleep on the couch. You walk into the room some time later and find him there. The fact that the intruder meets that presumption definition does not give the occupant the right to shoot him. Under those circumstances, the presumption is overcome by the facts. It would not be reasonable to be in fear at that point. Yes, if you change the facts or add facts, that could change the result. But that's the point. The facts will dictate what is allowable as self-defense. The classic example of a self-defense presumption is you hear glass break in the middle of the night. You get up, see a dark figure and fire at that figure. Under those circumstances, the shooter is presumed to have been in reasonable fear. The shooter would not have to prove that fear was reasonable at trial. If the prosecution can prove that the fear wasn't reasonable, the presumption is overcome and a conviction is possible (maybe even likely). The only thing the self-defense presumption does is change who has the burden of proof at trial. In either case, the facts matter. So, change the facts even slightly, you can get a different answer. As a general matter, it still comes down to reasonableness. If someone forcibly enters the house but you have any reason NOT to be in reasonable fear, don't shoot. Just because a person is in your house is not a get out of jail free card.2 points
-
I work at Academy part time and we get ammo in regularly. The problem is the guys standing in line and buying the ammo up to resale. I know it's capitalism but it still annoys the crap out of me. If those people would stop ammo would become much more available, a lot of times we are our own worst enemy.2 points
-
1 point
-
Every single one of the new restrictions on the little guy's ability to trade is designed to protect the hedge funds against the "swarm" of little guys, disguised as protecting the little guy. This is corrupt at its core.1 point
-
1 point
-
1 point
-
1 point
-
The guy I bought it from got the receiver as a project to do a standard build on. Then he discovered the proof marks and realized what it was so he built it up with all surplus, takeoff or NOS parts. I would consider it the equivalent to a rearsenaled mixmaster. Once my buddy who has ahold of it gets home, he’s going to send me the serial so I can date it.1 point
-
Chevy ran an ad making fun of that step when it debuted. Now, the current GMCs are available with a tailgate that does the same thing, a step on each side of the number and another step on the bedside bottoms.1 point
-
I don't play with options at all. Mostly index and a few sector funds/ETF's. Let them ride ...1 point
-
I mean, if you're back living in Mom and/or Dad's house because you're out of what used to be your everyday work, and can only make money through door dash or delivering pizza's because of COVID...what do you have to lose by taking the meager savings you have and giving a middle finger to those making out like gangbusters?1 point
-
Shorting - Lets say I let you borrow my 100 shares of stock. It's currently worth $10.00/share. So that's worth $1,000. As soon as you gain possession of my stock, you sell it. You have $1,000. Tomorrow the stock goes down and it's only worth $5/share so $500. You buy back 100 shares and pay them back to me. You pocket $500, I get my 100 shares back. That's essentially a short. You get screwed when you borrow my 100 shares at $10.00/share, you sell them, and then the next day the stock is worth $50.00/share. Now, you could wait a while (if I'm willing) to purchase the stock to pay me back. But if I demand it back, that's called a margin call. Now you have to spend $5,000 to buy back the shares to pay me back. You just lost $4,000 and have no shares. I have my shares.1 point
-
I've never played the stock market and quite frankly don't understand anything about it. I have no idea what a "short" is or how in hell forcing a company to fail makes you money? About all I do know is that there's a bunch of dirty, unscrupulous azzholes who would sell their own mothers into prostitution to make a buck. Ok, so a bunch of little guys got together, used the same tricks the big guys use and made a bunch of money? Now the big guys are crying foul? Can somebody explain this in language that I can understand? Use little words please. And why is all this so bad? I don't get it?1 point
-
I know this will read as "the little guy getting screwed again." But, I wonder to what extent the brokerages have an ethical burden to act? Basically, if you see Wall Street firms market-making and buying options and other complex derivatives at the same time - you're basically watching folks get screwed. Is it better to have a pissed of customer with some money - or a pissed off customer with no money? I know, I know - free market - everyone knew there were risks. But, if you know the little guy is going to get screwed - because it's literally a setup - do you step in and put a stop to it? Investing isn't for everyone - I get it - but if somebody spent their rent money this morning at $460 and it's trading at $155 right now - where do you put a stop to it? A couple of hedge funds got screwed - likely by another hedge fund. Fine. Everyone needs a hobby. But, this isn't that anymore.1 point
-
Got my first shot yesterday. No problems but slightly sore arm this morning. The V A had the gym floor loaded with 20 shot booths. When first arrived had to fill out paperwork then take a number, turn in the completed papers, then when your number was called you went to a shot booth and they asked several more questions. She then gave my shot, then I had to sit for 15 minutes for observation for side effects. After the 15 min was up I stood up and left. Took about 25 minutes in all. They were giving shots, continually, in all 20 booths. Lots of old soldiers were there taking the vaccinations. I go back in 4 weeks. They give you a shot record and a side effects paper to fill out and bring back. Tell you this vaccine is given under emergency approval. Guys we are the continuation of the fact gathering on a new, unapproved study. If you have any serious side effects to the vaccination, I have a number to report the side effects immediately. I am a willing participant. The Nurse told me the second shot comes with a few more discomforts. Asked about taking moteron of Ibuprofen, for the aches and pains, and she advised only Tylenol. Said side effects show the shot is immunizing your body to the fullest extent and you don't want to do anything to lessen that process. Don't know if That is fact, but what do I know? That's My Story. Edited to add; Get the shots, guys!1 point
-
I know I’m hella hard on Reddit, and you obviously love it. They get a Broken Clock Award here.1 point
-
First I ran across such a beast. I would guess motorized. Looks like there is room underneath for an engine. Not sure how effective all the armor would be when you just need to shoot the horses to put it out of commission as far as moving.1 point
-
1 point
-
I am loving this in an admittedly unhealthy way. It's akin to a plot twist in a show like Billions, just in a real world sample...but I know how much of a power keg it represents. The only ones I feel sorry for are the managers of the companies caught in the crossfire...there is no way they're going to get anything approaching a fair valuation of their businesses for a bit, which is a horrible time for it to happen given all they're up against (and why they were a short target in the first place). The Hedge Funds (getting hammered) can eat cake. The hypocritical irony of any hedge fund crying foul at a group of pooled money seeking to profit off someone else's misery is worthy of holding federal office. The Hedge Funds (making money off of this) are hopefully going to be hammered. I concur with Matthew Stoller in where the SEC should look first... And finally for the Reddit WSB and Robinhood types... Seriously, this is going to be a great case study in how disruptive forces can be a thing and the basics of a future model. Even if this is found out to be a massive fraud and the Reddit/Robinhood services were just used as a preamble, the fact that they could be used for cover to begin with has exposed a mile wide vector for financial disruption. @MacGyversaid this is like 4chan getting a Bloomberg terminal, which I chuckled at; but I'd say this is like Occupy Wall Street meets BLM, meets some other decentralized activist model and they actually got results. It's been proven that an internet organized collectivist movement can check and punch back against hedge funds with billions in assets under management. This has the potential to be the 21st century version of David's sling. At best, they're going to enjoy that newfound power. If the powers that be try to crack down on this, it's going to backfire. There is no shortage of alternate means of organizing this kind of action, so while the institutional reflex is to protect their turf so to speak, they could just be expanding the fight if they think they have some divine right to keep digital activism out of finance.1 point
-
They also recovered a body from a missing person. I recommend their YouTube channel Adventures With Purpose. They are a team of divers that have started traveling around the country searching lakes and rivers for missing people. I think this is the 4th cold case they have solved. Apparently NPD essentially did nothing to search for this guy.1 point
-
If you go back a bit on this story, Elon Musk had a hand in this by a tweet leading to a Proof of concept pop his comment got action on. Now the scale of it is escalating. One of my stocks got a big bump today when another reddit board just mentioned the ticker. I dont like its on the radar. The stories I'd read this morning indicated that they had reached out to gov. But on the surface there was nothing actionable ....all is fair in love and stealing! I like the inferences that the hedge funds are going to work together to do them under. They dont like being beaten at their own game. That is the part of the war that will be interesting.1 point
-
1 point
-
It's like 4chan got a Bloomberg terminal. The Reddit r/WallStreetBets is actually quite interesting reading. The fact that they've basically bankrupted a couple of major hedge funds is insane - and kind of serves them right. They're currently moving on AMC too. This won't end well, but it's fascinating to watch.1 point
-
Talk about beating this horse to death how many times over.... Plan on everyone getting this at some point, Vaccinated or not. It will spread threw out just like the rest of the social viruses. Look up Ivermectine and vitamins to start and be done with it. Now that the Evil orange guy is out, its safe for the lefty states to open up...... give me a break. Sheep will all ways need a herder.1 point
-
Welcome to your future home. It's not tropical for sure but you might second guess that in the summers here in west Tenn. Winter here is rain, sun shine, 70 degrees, 20 degrees, snow, and tornadoes. And that's all in one day,1 point
-
I'm fairly busy next couple of weeks but should be going regularly after that. I'll give you a shout and show you around if you like. Just don't let me forget. Lol1 point
-
1 point
-
1 point
-
Yeah those tops are very heavy, I can imagine taking them off was a huge pain. But now they have aftermarket soft tops which are super cool IMO1 point
-
That’s sexy. You know what would make it extra sexy? Swapping a Cummins R2.8 into it.1 point
-
hahah, so we have 3 garage spaces a double car in the back and a single car towards the front. All the crap is in the single car garage. But soon I will be building a workstation and cabinets in front of the GX so no doubt the accumulation of crap will begin in this garage.1 point
-
They are certainly good looking. I have a 2014 2 door JK and plan to "upgrade" to a CJ5 once my 14yo starts driving by giving him the JK.1 point
This leaderboard is set to Chicago/GMT-06:00