I'm with Robbie. Stick around.
I'm with Robbie. Stick around.
In reply to engiekev :
If people are dumb enough to gamble with money they can't afford to lose, that's on them. When it crashes, they'll bitch that "someone" should have told them.
So Helca Mining is my free stock from RH when I signed up. That's up nicely today, thanks to the obvious manipulation towards silver:
On the manipulation front, here's a Jim Cramer (Mad Money guy) talking about how he "influenced" the markets when he was running a hedge fund. Seems remarkably similar, yet more stubtle than what's going on with the "Silver Rush!" Slight of hand:
Robbie (Forum Supporter) said:EarlSpot said:In reply to CrustyRedXpress (Forum Supporter) :
Yeah, I'm off to a bad start, I guess. My apologies to all.
I can tell simply from this post that I'd like you to stick around. Seriously! Hats off for a stand up remark. No apology needed. Tell us about your cars.
Agree with Robbie-everybody is welcome here and I hope you stay. I think the mods keep politics to a minimum because everybody (myself included) would be at each other's throats instead of talking about important stuff. Like junkyard turbochargers and how much a TH400 is worth as scrap.
CrustyRedXpress (Forum Supporter) said:... and how much a TH400 is worth as scrap.
Why would you ever scrap a TH400? They hold a bunch of power and last forever.
1988RedT2 said:CrustyRedXpress (Forum Supporter) said:... and how much a TH400 is worth as scrap.
Why would you ever scrap a TH400? They hold a bunch of power and last forever.
So do Jag v12, wanna buy mine? It's attached to a th400. 
1988RedT2 said:CrustyRedXpress (Forum Supporter) said:... and how much a TH400 is worth as scrap.
Why would you ever scrap a TH400? They hold a bunch of power and last forever.
so they're like a battery?
In reply to yupididit :
Thanks, I have all the TH400's I can use. That is to say, one.
In reply to bobzilla:
I've never seen a battery last forever. I'm lucky if I can get three years out of one.
yupididit said:1988RedT2 said:CrustyRedXpress (Forum Supporter) said:... and how much a TH400 is worth as scrap.
Why would you ever scrap a TH400? They hold a bunch of power and last forever.
So do Jag v12, wanna buy mine? It's attached to a th400.
But the Jaguar Turbo 400 is a different casting than a Buick, Cadillac, or Chevy? Did Chevy ever use a Turbo 400? I know they used the TH 350 but a 400?
Strange.
Wealthsimple just canceled a bunch of limit sells that I had in place.
Guess they don't want you automating things too much.
frenchyd said:yupididit said:1988RedT2 said:CrustyRedXpress (Forum Supporter) said:... and how much a TH400 is worth as scrap.
Why would you ever scrap a TH400? They hold a bunch of power and last forever.
So do Jag v12, wanna buy mine? It's attached to a th400.
But the Jaguar Turbo 400 is a different casting than a Buick, Cadillac, or Chevy? Did Chevy ever use a Turbo 400? I know they used the TH 350 but a 400?
Ummmm yeah. They used it a lot. It was the only transmission behind the big block square burbs IIRC.
ShawnG said:Strange.
Wealthsimple just canceled a bunch of limit sells that I had in place.
Guess they don't want you automating things too much.
Fidelity wouldn't let me place limit sales higher than x% of the highest price in the last something time frame. Similar tactic? Protect you from yourself, make you monitor?
In reply to bobzilla :
It was standard in the late c3 vettes, a bunch of full size cars, and 3/4 and 1ton trucks for a long time. Oddly, I don't think I've ever owned one though.
In reply to frenchyd :
Lots of heavier duty trucks, including my '85 Chevy C30. C3 Corvettes used them also.
Mr_Asa said:ShawnG said:Strange.
Wealthsimple just canceled a bunch of limit sells that I had in place.
Guess they don't want you automating things too much.
Fidelity wouldn't let me place limit sales higher than x% of the highest price in the last something time frame. Similar tactic? Protect you from yourself, make you monitor?
The email said they were allowed to cancel if the limit was 10% higher than the buy price. I think they might be trying to discourage too much trading in their app.
Steve_Jones said:In reply to engiekev :
If people are dumb enough to gamble with money they can't afford to lose, that's on them. When it crashes, they'll bitch that "someone" should have told them.
I've read a lot of news articles and it seems that much of the financial press is already bitching that it's not fair that this short wasn't a slam dunk, that people are using their stimulus money to punish rich folk, that the fundamentals don't support $GME pricing, etc. There's bitchin' aplenty already, no need to wait for it.
I do find particular humor in the hand wringing over the "fundamentals". Much has been said about the lack of fundamentals to support the current price of GameStop (berkeleying duh). But very little has been said about the absolute lack of fundamental support for shorting the stock 140%. The hedge funds were seeking to exploit GameStop with an absurd short play. That 140% short is the position WSB is playing against, not the fundamentals. It is shocking to me how obtuse the pundits are on this matter. Or they're spinning, but it just comes off as bitching.
I followed the first 5-6 pages closely but then stupid work got in the way and now I'm just on top of the current page.
"Squishing Ballon"...don't Goggle it, it's just my personal term for understanding where the flow of money is going...Crypto currency is down and precious metals are up...net effect on the ballon indicates we're not in a new normal...a few winners / a few losers. Two possibilities - things naturally settle down or the government steps in with more regulations to force normality.
Either way, I anticipate a return to somewhat more normal market conditions.
Having said that, there's exactly a 50% chance I'm wrong 
Whatever, I'm 56, I've been investing for 40 years and doing the Braveheat thing (Hold! - Hold!) has worked very well for me over the decades.
This is most likely just the latest "shake the weak fruit off the tree" event.
Good luck to all.
It's going to be interesting to see what happens today. As I write GME has fallen to $133 in pre market. That's down ~$100 since close and $100 during yesterday's market hours. It is really easy for the hedge funds to sink the price when there is little or no volume, but it means nothing. Still, If I had bought in at a single or double digit price, it would have been hard to see yesterday's drop and not panic sell before loosing all the gain.
I'm a total newb at following r/wallstreetbets, but I learned quickly to check the posting history of people before believing anything they post. There's a lot of noise and a lot of manipulation to sell GME and buy other things. Facts indicate that the squeeze is NOT squoze on GME and if enough people hold/buy it can go "to the moon". $GME. Not AMC. Not Silver. Not ....
There will never be enough people to hold at this point. People that bought 3 shares at $300 just saw their $900 go to $400. $500 is more important to those guys vs the big boys.
AAZCD (Forum Supporter) said:It's going to be interesting to see what happens today. As I write GME has fallen to $133 in pre market. That's down ~$100 since close and $100 during yesterday's market hours. It is really easy for the hedge funds to sink the price when there is little or no volume, but it means nothing. Still, If I had bought in at a single or double digit price, it would have been hard to see yesterday's drop and not panic sell before loosing all the gain.
I'm a total newb at following r/wallstreetbets, but I learned quickly to check the posting history of people before believing anything they post. There's a lot of noise and a lot of manipulation to sell GME and buy other things. Facts indicate that the squeeze is NOT squoze on GME and if enough people hold/buy it can go "to the moon". $GME. Not AMC. Not Silver. Not ....
Oh yeah, you definitely need the casino mindset that the money is gone the moment you sat down at the table, and whatever happens, happens.
Steve_Jones said:There will never be enough people to hold at this point. People that bought 3 shares at $300 just saw their $900 go to $400. $500 is more important to those guys vs the big boys.
That is what I keep thinking. This is certainly exposing something in Wallstreet, though I'm not sure what exactly about it is new, other than the coordinated attack (edit: By the general public instead of other investors) is probably new. Exposing Robinhood maybe?
I just don't see how this is sustainable to "send it to the moon". I think that the $300ish mark was the moon (and note I predicted it would go to $900... But said I was not playing as well, because I do not understand this well enough to bet on it)
Oh... If I had shorted at $300 or so, I'd be covering that now. I fully believe it will drop farther, but I could also see Reddit causing a run up again. Especially if they end up all ditching Robinhood for another platform.
mtn (Forum Supporter) said:Oh... If I had shorted at $300 or so, I'd be covering that now. I fully believe it will drop farther, but I could also see Reddit causing a run up again. Especially if they end up all ditching Robinhood for another platform.
By the time you get your funds to another platform, it'll be over.
Yea, that's exactly why I didn't rush out to create a new account somewhere. By the time it really starts to spike, you're already too late.
What'll be real interesting is to see how the SEC feels about social media's influence on stock prices and the "masses" targeting other investors. That's kinda the new thing here. Hedge funds target each other and various companies all the time, I mean, that's what shorting is, but this may be a unique situation in which a large group of investors shared knowledge of a stock that not only would increase in price quickly due to the leverage shorts, but also massively injure a hedge fund in the process.
Makes me wonder if they'll try to target "ringleaders" or people who pushed more frequently for others to buy. Will that influence how people share information about the market on the internet?
It's also interesting how /r/WallStreetBets is functioning like a Hedge Fund itself. Although instead of customers paying for the fund analysts to place their bets, they do it themselves. I wonder if this means that SEC will grant some ability to make certain types of information private, or "only available to funds" and criminalize distributing that information publicly.
I think when the dust settles, the Hedge Funds will get a slap on the wrist for psuedo-naked-shorting, but the retail investors will find they are severly limited in their ability to pull a similar stunt.
Steve_Jones said:mtn (Forum Supporter) said:Oh... If I had shorted at $300 or so, I'd be covering that now. I fully believe it will drop farther, but I could also see Reddit causing a run up again. Especially if they end up all ditching Robinhood for another platform.
By the time you get your funds to another platform, it'll be over.
It could easily start again though.
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