forums

Off-Topic Stock Market & Crypto Discussion

Advertisement
Bird4um said:
Whats the call on holding all these "retarded" stocks over the weekend?
Click to expand...
A lot of GME options expire tomorrow. (the shorts forced to buy shares)
Bird4um said:
Apparently Chamath tweeted drop Robinhood join SOFI.... Spac IPOE---- I'm already in..... Get ready.. Looks like meat is back on the menu boys!!! up 20% after hours!!!... Robinhood could be dead after blocking the little guy
Click to expand...
I only use robinhood for the 2.5% lending rate. SOFI doesn't offer it all unfortunately. But yes, i expect the internet to avenge this when robinhood IPO's.
 
I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.

Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front:

__We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market.__ Do I have your attention? Here goes:

1. ⁠Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.
2. ⁠Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.
3. ⁠Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-****ting fear.
4. ⁠Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.
5. ⁠At approximately 9:58 am, the stock had reached $468 in a parabolic move.
6. ⁠Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.
7. ⁠The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.

Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.

__I saw an unsubstantiated post from a user ([u/zshub](https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)) who said a market sell order executed at $2600 for him. Do you get the severity of the situation, if that's true?__ It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.

How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.

[Listen to this ](https://youtu.be/7RH4XKP55fM)to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.

Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link:

It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound.

__TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win.__

They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today.

Credit: u/PlayFree_Bird
 
Bought back the AMC calls I bought for $8.20 or so and sold for $12.50 that I only held for 39 minutes just yesterday (+51%) at the close today for $4. Actually bought 4x. Still holding the rest that we bought for $8.20 and didn't sell. So with the profit we took already I am long quite a nice amount of AMC 3/19/21 $10 calls right around $4 or so actually. Let's meme moon rocket ship or whatever I'm supposed to say.
 
Advertisement
Cryptical Envelopment said:
Bought back the AMC calls I bought for $8.20 or so and sold for $12.50 that I only held for 39 minutes just yesterday (+51%) at the close today for $4. Actually bought 4x. Still holding the rest that we bought for $8.20 and didn't sell. So with the profit we took already I am long quite a nice amount of AMC 3/19/21 $10 calls right around $4 or so actually. Let's meme moon rocket ship or whatever I'm supposed to say.
Click to expand...
call yourself autistic
 
Bird4um said:
Fidelity let me buy today. Got in at 10$ for AMC
Click to expand...

I am not TOUCHING the common on any of these things. Calls and puts exclusively.

Want to see something crazy? Watch a single specific GME put tomorrow. Watch it all day. Like the one I own. 2/26/21 $55 P. Watch what happens to it when GME goes up say, $100. It will barely move. Smart money knows this stuff is going to crash 10x faster than it mooned eventually. No matter how high it goes, the value of the puts are pretty much holding up. Think about it. These things are at $400+ and the $55 puts, which are $350 out of the money, are still printing at $16 or so.
 
Also, I bought DOGE (crypto) at .024 this evening. It's a joke coin that is getting pumped along with the GME / AMC etc stuff.

But think about it... no one can halt trading... its worldwide, its 24/7. Another idiot play. It's already up to .047. The "talk" is that, just like $1000 GME, they want $1 DOGE. it was under a penny when we woke up this am.
 
Advertisement
Cryptical Envelopment said:
Also, I bought DOGE (crypto) at .024 this evening. It's a joke coin that is getting pumped along with the GME / AMC etc stuff.

But think about it... no one can halt trading... its worldwide, its 24/7. Another idiot play. It's already up to .047. The "talk" is that, just like $1000 GME, they want $1 DOGE. it was under a penny when we woke up this am.
Click to expand...
It’s at .24 now. LOL
 
George84 said:
I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.

Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front:

__We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market.__ Do I have your attention? Here goes:

1. ⁠Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.
2. ⁠Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.
3. ⁠Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-****ting fear.
4. ⁠Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.
5. ⁠At approximately 9:58 am, the stock had reached $468 in a parabolic move.
6. ⁠Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.
7. ⁠The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.

Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.

__I saw an unsubstantiated post from a user ([u/zshub](https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)) who said a market sell order executed at $2600 for him. Do you get the severity of the situation, if that's true?__ It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.

How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.

[Listen to this ](https://youtu.be/7RH4XKP55fM)to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.

Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link:

It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound.

__TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win.__

They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today.

Credit: u/PlayFree_Bird
Click to expand...

Poty
 
Advertisement
Cryptical Envelopment said:
Also, I bought DOGE (crypto) at .024 this evening. It's a joke coin that is getting pumped along with the GME / AMC etc stuff.

But think about it... no one can halt trading... its worldwide, its 24/7. Another idiot play. It's already up to .047. The "talk" is that, just like $1000 GME, they want $1 DOGE. it was under a penny when we woke up this am.
Click to expand...
DOGE gets these pumps almost every year
 
Advertisement
Bird4um said:
Coinbasepro doesn't have dodge does it?
Click to expand...
No. Kraken does

Edit: disclaimer - I’m not participating in any of this but if you want to do this for whatever reason I highly recommend DOGE over GME because DOGE does a pump and dump at least every year. So if you miss out on selling you can always wait for the next one to get out I guess. GODSPEED, MOONBOYS!
 
Last edited:
Cryptical Envelopment said:
AMC and GME etc flying. Where is the best place for me to keep track of the reddit stuff? And do I need to get vaccinated first?
Click to expand...
Discord, Telegram

Boomer boards are toast

“Many hedge funds, which have been caught outby this week’s big pile-ons against negative bets, are turning to data providers that use natural language processing to scour forums such as Reddit to better anticipate these trends.”
 
TRIT/W "update" post... not too keen on the homophobia and unprofessional approach, but it's a post, and the thesis and info are accurate IMO:



As mentioned I am long calls and warrants, not tying up capital in the common right now. TRITW is up 11%+ so far today.
 
Last edited:
Advertisement
Back
Top