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Posted: 1/26/2021 9:54:15 PM EDT
[#1]
My Carrot Weather forecast from earlier today. Carrot is salty.
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Posted: 1/26/2021 9:59:50 PM EDT
[#2]
new Rossman vid
 Gamestop shorts lose billions, get $2 billion bailout, and keep shorting anyway |
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Posted: 1/26/2021 10:01:39 PM EDT
[#3]
Quote HistoryQuoted: Melvin Capital has to have been margin called by now... It's much more exciting than that. At this point, the broker doesn't want to margin call him, because then the short position belongs to the broker and the entire fund wouldn't be able to unwind the short positions. There's not enough shares out there for sale to unwind the position without breaking the backs of everyone that winds up as a counterparty. Also, they're not going to try to cover the shorts after hours when liquidity is even thinner. From the outside this looks like a silly game, but this has some serious potential to explode things, Lehman style. I bought in after hours tonight. 
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Posted: 1/26/2021 10:02:51 PM EDT
[#4]
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Posted: 1/26/2021 10:03:25 PM EDT
[#5]
Quote HistoryQuoted: I don't ever remember seeing one side of the option chain totally ITM and the other side OTM. I'm not in GME. I hope you guys make a killing. I normally don't mess with pumped up stuff like this, but I am long a few 2/5 calls on BB. Gamestop is not a pump/dump. It's calling over sold shorts. BB and AMC appears a classic pump/dump, likely brought on by the hedgers to cover their Gamestop losses. not investment advice. |
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Posted: 1/26/2021 10:03:34 PM EDT
[#6]
GameStop stock price explosion?
DA Fuq is going on here? 
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Posted: 1/26/2021 10:03:48 PM EDT
[#7]
So couldn’t this turn out bad for the market overall?
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Posted: 1/26/2021 10:04:45 PM EDT
[#8]
Quote HistoryQuoted: Kinda sketchy for a market maker to be lending a fund who is trying to lower a share price by selling short... Melvin won’t be around for the SEC investigation though. Quote HistoryQuoted: Quoted: Does Citadel have another $2.75B to loan Melvin? If not...Elon just finished the shorts. Kinda sketchy for a market maker to be lending a fund who is trying to lower a share price by selling short... Melvin won’t be around for the SEC investigation though. Yeah...they didn't loan him money because they thought he was a good investment risk. That market maker is short a bunch of call options, and likely isn't hedged for this type of exposure. Black swan risk. Citadel bailed him out because if he gets squeezed, Citadel is going to go bankrupt too. |
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Posted: 1/26/2021 10:04:48 PM EDT
[#9]
Quote HistoryQuoted: Oh shit Michael J Burry has spoken https://www.ar15.com/media/mediaFiles/312979/E94D95D6-A5D8-48ED-8A87-7748870B6138_png-1798340.JPG Fuck the sec |
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Posted: 1/26/2021 10:05:10 PM EDT
[#10]
Quote HistoryQuoted: Gamestop is not a pump/dump. It's calling over sold shorts. BB and AMC appears a classic pump/dump, likely brought on by the hedgers to cover their Gamestop losses. not investment advice. |
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Posted: 1/26/2021 10:05:35 PM EDT
[#11]
Quoted: It's much more exciting than that. At this point, the broker doesn't want to margin call him, because then the short position belongs to the broker and the entire fund wouldn't be able to unwind the short positions. There's not enough shares out there for sale to unwind the position without breaking the backs of everyone that winds up as a counterparty. Also, they're not going to try to cover the shorts after hours when liquidity is even thinner. From the outside this looks like a silly game, but this has some serious potential to explode things, Lehman style. I bought in after hours tonight. Quoted: So couldn’t this turn out bad for the market overall? Sounds like it could be |
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Posted: 1/26/2021 10:10:36 PM EDT
[#12]
Quote HistoryQuoted: I keep seeing this being said. Why Friday? Quote HistoryQuoted: Quoted: Quoted: this dude cash out yet? The shit doesn't hit the fan till Friday, it will be biblical. I keep seeing this being said. Why Friday? Because on Friday, a whole ton of stock options are going to be in the money, and the market makers need to buy shares to be able to deliver on their obligations. But...no-one is willing to sell. |
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Posted: 1/26/2021 10:14:46 PM EDT
[#13]
Quote HistoryQuoted: What's the endgame of this, does this go really high until everyone tries to cash out and the stock price goes to zero? Or are there other people taking more short positions knowing the stock is way overvalued and has to come down, and continues the cycle? Yes |
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Posted: 1/26/2021 10:15:36 PM EDT
[#14]
My son sent me a screen shot today, he bought at $88 and sold it at $221. Pretty good days work.
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Posted: 1/26/2021 10:22:39 PM EDT
[#15]
Quote HistoryQuoted: Sounds like it could be Quote HistoryQuoted: Quoted: It's much more exciting than that. At this point, the broker doesn't want to margin call him, because then the short position belongs to the broker and the entire fund wouldn't be able to unwind the short positions. There's not enough shares out there for sale to unwind the position without breaking the backs of everyone that winds up as a counterparty. Also, they're not going to try to cover the shorts after hours when liquidity is even thinner. From the outside this looks like a silly game, but this has some serious potential to explode things, Lehman style. I bought in after hours tonight. Quoted: So couldn’t this turn out bad for the market overall? Sounds like it could be Most likely, even if it gets really spicy, the government will step in, print a bunch of money, and bail everyone out as usual. |
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Posted: 1/26/2021 10:33:28 PM EDT
[#16]
Quote HistoryQuoted: Fuck the sec Quote HistoryQuoted: Quoted: Oh shit Michael J Burry has spoken https://www.ar15.com/media/mediaFiles/312979/E94D95D6-A5D8-48ED-8A87-7748870B6138_png-1798340.JPG Fuck the sec Supposedly someone has already filed a complaint to the SEC over Melvin manipulating the stock |
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Posted: 1/26/2021 10:36:25 PM EDT
[#17]
I'm going to buy 100 shares of AMC tomorrow and see what happens.
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Posted: 1/26/2021 11:07:03 PM EDT
[#18]
Think we can do that with Vista outdoors?
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Posted: 1/26/2021 11:35:37 PM EDT
[#19]
Quote HistoryQuoted: I'm going to buy 100 shares of AMC tomorrow and see what happens. Why amc instead of gme? The short position is 70% lower. |
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Posted: 1/26/2021 11:43:37 PM EDT
[#20]
Quote HistoryQuoted: Why amc instead of gme? The short position is 70% lower. |
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Posted: 1/27/2021 12:01:47 AM EDT
[#21]
Quote HistoryQuote History...for some, the value in a stock might just be, it's potential to make corrupt, naked-short-selling billionaires cry. |
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Posted: 1/27/2021 12:01:51 AM EDT
[#22]
Melvin Capital to file bankruptcy as early as next week
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Posted: 1/27/2021 12:03:44 AM EDT
[#23]
Quote HistoryQuoted: Melvin Capital to file bankruptcy as early as next week We already know Citadel and Point72 are on that list. |
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Posted: 1/27/2021 12:08:42 AM EDT
[#24]
Quote HistoryQuoted: Melvin Capital to file bankruptcy as early as next week or he says he's bankrupt, stock implodes and he buys back, he is clean |
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Posted: 1/27/2021 12:15:42 AM EDT
[#25]
Seeing lots of hype around BB so I’m pushing my AMC earning into that and heading to the moon. Pro gamer move if you do this in your Roth IRA so you don’t have to pay taxes on the gains.
Pure gambling at this point. |
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Posted: 1/27/2021 12:33:23 AM EDT
[#26]
Quote HistoryQuoted: Seeing lots of hype around BB so I'm pushing my AMC earning into that and heading to the moon. Pro gamer move if you do this in your Roth IRA so you don't have to pay taxes on the gains. Pure gambling at this point. |
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Posted: 1/27/2021 12:34:14 AM EDT
[#27]
Quote HistoryQuoted: I'm going to buy 100 shares of AMC tomorrow and see what happens. This is the way. I’m doubling down on amc calls first thing tomorrow. It will hit $20 in the next couple weeks if not sooner. ?? |
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Posted: 1/27/2021 4:07:52 AM EDT
[#28]
Quote HistoryQuoted: You can buy shares, never messed with options myself. I got 7 @ $93 for the lolz and as a “fuck you” to Wall St Shorts will eventually have to buy shares to cover their bad bets which creates a feedback loop causing share price to skyrocket Holding to $1000+, burn it all down ETA: got in on AMC and NOK today as well. 2.4 million on autists on r/wallstreetbets have a lot of ammo apparently Quote HistoryQuoted: Quoted: So can you just buy one share or do you have to go the options route to get in? You can buy shares, never messed with options myself. I got 7 @ $93 for the lolz and as a “fuck you” to Wall St Shorts will eventually have to buy shares to cover their bad bets which creates a feedback loop causing share price to skyrocket Holding to $1000+, burn it all down ETA: got in on AMC and NOK today as well. 2.4 million on autists on r/wallstreetbets have a lot of ammo apparently I don't see why the same would happen with those stocks, there isn't near as much of a percentage of their stock being sold short. Isn't that why gamestop went nuts ? Because they sold more shares than the float was ? Not enough available to cover their shorts. That isn't the same with AMC or NOK. Not even close. What am I missing? |
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Posted: 1/27/2021 4:20:12 AM EDT
[#29]
Quote HistoryQuoted: Most likely, even if it gets really spicy, the government will step in, print a bunch of money, and bail everyone out as usual. Quote HistoryQuoted: Quoted: Quoted: It's much more exciting than that. At this point, the broker doesn't want to margin call him, because then the short position belongs to the broker and the entire fund wouldn't be able to unwind the short positions. There's not enough shares out there for sale to unwind the position without breaking the backs of everyone that winds up as a counterparty. Also, they're not going to try to cover the shorts after hours when liquidity is even thinner. From the outside this looks like a silly game, but this has some serious potential to explode things, Lehman style. I bought in after hours tonight. Quoted: So couldn’t this turn out bad for the market overall? Sounds like it could be Most likely, even if it gets really spicy, the government will step in, print a bunch of money, and bail everyone out as usual. Would this really be enough to affect the entire market ? I wouldn't think so. |
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Posted: 1/27/2021 4:27:22 AM EDT
[#30]
Quote HistoryQuoted: Would this really be enough to affect the entire market ? I wouldn't think so. Quote HistoryQuoted: Quoted: Quoted: Quoted: It's much more exciting than that. At this point, the broker doesn't want to margin call him, because then the short position belongs to the broker and the entire fund wouldn't be able to unwind the short positions. There's not enough shares out there for sale to unwind the position without breaking the backs of everyone that winds up as a counterparty. Also, they're not going to try to cover the shorts after hours when liquidity is even thinner. From the outside this looks like a silly game, but this has some serious potential to explode things, Lehman style. I bought in after hours tonight. Quoted: So couldn’t this turn out bad for the market overall? Sounds like it could be Most likely, even if it gets really spicy, the government will step in, print a bunch of money, and bail everyone out as usual. Would this really be enough to affect the entire market ? I wouldn't think so. There are certainly some phone calls being made... Most likely nothing terribly interesting will happen and this will all calm down relatively soon. The potential for counter-party risk to create a major problem, however, is real. Counter-party risk is why the government bailed everything out in '08, and why they starting buying corporate bonds for COVID. If the hedge fund can't cover, the obligation to buy the shares to return to investors goes to the brokerages that loaned the shares to the hedge funds. This also has the potential to become a major problem, depending on how high the price gets. Similarly, the market makers have a lot of risk from their options exposure right now, because of their gamma exposure. If one fails, the others are no longer hedged. Again, I expect if it gets spicy the fed will just whip up another couple trillion and hand it out to everyone except the people buying GME. They'll probably be indicted for terrorism charges and conspiracy to do something or other. But Wall Street will be fine, one way or another. I do like watching them squirm, though. |
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Posted: 1/27/2021 5:19:17 AM EDT
[#31]
Quote HistoryQuoted: I do like watching them squirm, though. I never thought I'd see the day. A bunch of autists take down a Wall Street hedge fund. Their losses are theoretically unlimited. I feel like this single event could change things going forward. |
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Posted: 1/27/2021 5:22:22 AM EDT
[#32]
The memes that these degenerates put out are pretty hilarious as well.
https://www.reddit.com/r/wallstreetbets/comments/kpuh2u/accurately_predicted_future_of_melvin_and_gme/ |
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Posted: 1/27/2021 5:22:34 AM EDT
[#33]
Quote HistoryQuoted: I think they're all waiting for the shorts to cover. Then it's a race to cash out I guess. |
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Posted: 1/27/2021 5:23:30 AM EDT
[#34]
Quote HistoryQuoted: So can you just buy one share or do you have to go the options route to get in? |
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Posted: 1/27/2021 5:24:59 AM EDT
[#35]
AMC is getting it as well. The reddit AMC subreddit is banning people for posting about the stock and not about AMC cars lol.
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Posted: 1/27/2021 5:32:39 AM EDT
[#36]
Quote HistoryQuoted: or he says he's bankrupt, stock implodes and he buys back, he is clean |
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Posted: 1/27/2021 5:39:56 AM EDT
[#37]
Quote HistoryQuoted: The memes that these degenerates put out are pretty hilarious as well. https://www.reddit.com/r/wallstreetbets/comments/kpuh2u/accurately_predicted_future_of_melvin_and_gme/ |
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Posted: 1/27/2021 5:40:09 AM EDT
[#38]
Quote HistoryQuoted: Well to be able to short it's not just anybody. They had to show they had reasonable ability to cover the short cost. If they go belly up I would assume (but who the hell knows at this point) a broker would cut them off entirely. Quote HistoryQuoted: Quoted: or he says he's bankrupt, stock implodes and he buys back, he is clean It's like the old saw "If you owe the bank $1m, the bank owns you. If you owe the bank $1b, you own the bank." How do you unwind a 140% short interest without bankrupting yourself? As the hedgie or as the broker? Citadel didn't loan them $2.75B to double down on a bad bet. They did it because Melvin is too big to fail right now and represents a systemic risk. |
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Posted: 1/27/2021 5:46:06 AM EDT
[#39]
If you've got spare money to throw around, AMC or BB is going to be next.
I predict AMC tho, it has more long term potential because its a theater chain and the rumor going around is that Disney doesn't want to keep releasing movies to Disney+ because they're missing revenue from theater/physical options. AMC was around $30 a share in 2017 or so at peak, so buying in now at current $10 a share and probably will double by Friday is a good idea. If you're new to investing just sign up for the robinhood app. No fees or anything to invest, very simple. AMC will be a long term invest, or short, depending on how much profit you see out of it. They are going to do a similar Gamestop on this next, its been shorted by hedge funds who thought AMC was going bankrupt but they just secured 200 million in funding, 
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Posted: 1/27/2021 5:59:22 AM EDT
[#40]
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Posted: 1/27/2021 6:18:36 AM EDT
[#41]
Quote HistoryQuoted: AMC up 129% before open  https://www.ar15.com/media/mediaFiles/2902/AMC_before_open_jpg-1798833.JPG Yeah the price was too low, basically the market is going to correct on the AMC thing. It will go up especially with theaters opening back up when COVID panic ends. |
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Posted: 1/27/2021 6:24:08 AM EDT
[#42]
$323 and climbing, pre-open
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Posted: 1/27/2021 6:27:22 AM EDT
[#43]
Just amazing.
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Posted: 1/27/2021 6:30:23 AM EDT
[#44]
Quote HistoryQuoted: $323 and climbing, pre-open Those $400 predictions don't sound too crazy now. I was happy with the little bit I made getting out at $123 yesterday. 
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Posted: 1/27/2021 6:38:46 AM EDT
[#45]
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Posted: 1/27/2021 6:46:38 AM EDT
[#46]
Quote HistoryQuoted:
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Posted: 1/27/2021 7:08:25 AM EDT
[#47]
Quote HistoryQuoted: 2200+ followers in 10 hours 
Just when I think this can't get any bigger, it does. |
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Posted: 1/27/2021 7:12:15 AM EDT
[#48]
Quote HistoryQuoted: First tweet 2200+ followers in 10 hours
Just when I think this can't get any bigger, it does. Actually, fake account. Joined Twitter January 2021 |
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Posted: 1/27/2021 7:19:20 AM EDT
[#49]
Melvin Capital is out of their gamestop position as of late yesterday, on CNBC now they are not talking of bankrupcy.
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Posted: 1/27/2021 7:21:45 AM EDT
[#50]
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