General > General Technical Chat

Gamestop: Reddit vs. Wall St.

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Marco:
I wouldn't be surprised, even if there's a silver short position it's not like it's due all at once.

Stock shorting gets expensive very quickly when the price moves against the shorters, future contracts spread across months and quarters not so much.

thm_w:

--- Quote from: Syntax Error on February 01, 2021, 05:28:46 pm ---Enter the barbarian hoard. Is Reddit is an investment broker or a stage for marionettes who cannot see where their strings are being pulled from? I'm sure the laws of group dynamics make for solid investment fundimentals.

Last week Gamestop. This week Silver. Next week... Tether crypto(?)


--- Quote ---Reddit traders send silver price to eight-year highs: Precious metal soars 12% as renegade investors pile in to put squeeze on short-sellers

https://www.thisismoney.co.uk/money/investing/article-9209527/Silver-prices-jump-eight-year-highs-Reddit-traders-pile-in.html
--- End quote ---

--- End quote ---

The only "true" goal right now is to hold GME until shorts cover. Anything else could be the work of greed, bots, etc. as Bud says.
The article is a bit of a hyperbole, PSLV is the same price it was august of last year, so prices aren't that crazy. Although maybe physical silver is different?

DrG:
Efficient market indeed.

tszaboo:
So when I was researching how the stock market is working:
buy, sell: Ok makes sense
options, call, put: Ok, you can get some insurance for your investment, ok, makes sense
Short: Ok, so you think the price is going down, and if it is going up, you might loose infinite amount of money
TDT: That's sounds like gambling to me.
High frequency trading: OK, so I basically have no chance of ever making money without spending significant amount of time researching everything, because my enemy is a supercomputer, who plays dirty.

And then I looked into the details. Insider trading being illegal. Naked shorting being a common practice. Pump and pump. Tesla. Dutch black tulips.

None of this makes any sense, and I am very sure, most the things that go on on the stock market should be illegal.

Syntax Error:
@NANDBlog This herd hysteria based on some collective guesstimating of the future, makes as much sense as short selling Bitcoin. News just in. Five ways to short Bitcoin: https://www.investopedia.com/news/short-bitcoin/

You can even short a circuit, provided you p*** enough electrolyte all over it.

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