Investments Trade Log

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Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible »

And just like that, the technocratic dictatorship puts its foot down on buying the shorted stocks. You are now allowed to only sell, not buy, on Robinhood:

Robinhood Blocks Buying in GameStop, AMC, and Other Stocks. Other Brokers Also Add Guardrails.

On Reddit WSB someone has suggested to come after JPM and the silver manipulators:
https://www.reddit.com/r/wallstreetbets ... est_short/

Shares in miners like First Majestic Silver (Ticker: AG) soar 20-30%. First Majestic with this press release:
https://stockhouse.com/news/press-relea ... t-activity

In the WSB thread on silver, the poster suggested buying SLV and call options expiring in a few months. They will not have the staying power and are playing into the banksters hands. If they can squash GME and AMC, they certainly can squash SLV and other paper instruments. Don’t say “crypto fixes this.” If you can buy it on your phone, they have control.

The only way to resist the technocratic dictatorship is to buy physical metals, and weapons.

white belt
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Re: Investments Trade Log

Post by white belt »

@Mister Imperceptible

I was able to get in on Vanguard early this morning but now it looks like buying more of AMC is blocked.

I think we are in very interesting times because this move will likely just infuriate the WSB crowd and drive them to other heavily shorted assets (like that Forbes article suggested). Just scrolling through the comments in the WSB threads one can see that this goes beyond being upset that you can't make money. It's almost turned into a war between the "common man" and the Wall Street elites. I don't expect the 4.6 million followers in WSB will go down this easily, especially when they are being egged on by big figures like Mark Cuban, Elon Musk, and Dave Portnoy.

Edit: If I've learned anything about internet mobs, expect some good old fashioned doxxing, lawsuits, death threats, and cyber attacks over the next few days.

Edit2: It seems like international traders are starting to pile in on the stocks that Americans can't buy.
Last edited by white belt on Thu Jan 28, 2021 11:29 am, edited 2 times in total.

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Lemur
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Re: Investments Trade Log

Post by Lemur »

Just maybe as I've been speculating, the MOB will turn to MAC :lol: .

FYI: NOK is not one of the shorted stocks. It just has excitement because the new CEO Pekka Lundmark used to manage operations for Nokia in the 90s so he has a successful track record. The stock is also trading at price-to-book of 1.53, its cutting costs, and it may pick up market share as US is moving away from huawei contracts. Also NOK may be in early on 6G as well. https://thefly.com/landingPageNews.php? ... ject-HexaX

So its a value play with good growth prospects. Just the mob rule making it so easy to reduce cost-basis. This is a long-play.
Last edited by Lemur on Thu Jan 28, 2021 11:32 am, edited 3 times in total.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible »

It is beyond not being allowed to make money. Their GME and other longs are being decimated. This was to be expected eventually anyway, but instead of allowing the market to play itself out, the dictatorship is changing the rules in the middle of the game to bail out the hedge funds.

They at first tried to “cancel” WSB but decided just to rig the exchanges instead. The timing is as suspicious as a post-election vaccine miracle. “You can only sell not buy.” That is a forced liquidation.

The cynical thing to say is that the house always wins, but stoke enough rage and people will eventually crowd around the casino and burn it to the ground.

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C40
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Re: Investments Trade Log

Post by C40 »

This is crazy. I've read that buying is still allowed on the more traditional brokers. I used some scraps of cash sitting in my accounts to buy 2 shares $145, on what I sure hope was the dip. I would hate to day trade. This is a stressful ride even with a tiny fraction of my NW

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C40
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Re: Investments Trade Log

Post by C40 »

It is kind of hilarious that one of the attempts to cancel WSB was to write "[WSB are..] reddit bros.. some of which are alt-right"

They could have posted the ways that WSB members do actually describe themselves: retarded, autistic cuckolds who can barely read and work at Wendys
Last edited by C40 on Thu Jan 28, 2021 11:57 am, edited 1 time in total.

white belt
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Re: Investments Trade Log

Post by white belt »

@C40

Another one I saw is a CNN piece attempting to draw direct connections between Trumpism and the WSB crowd.

white belt
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Re: Investments Trade Log

Post by white belt »

Der Leiermann wrote:
Thu Jan 28, 2021 12:40 am
Dave Portnoy's little speech embedded in this article will one day be in wikipedia as an example of Irrational Exuberance/Stock Market Euphoria. And he probably believes what he's saying!
Yes and no. Certainly one can point to the current things happening and see all the tell-tale signs of a speculative bubble (let's just focus on the larger stock market bubbles rather than the WSB stuff happening right now). Someone like Dave Portnoy has been talking about how "Stocks can only go up" since the start of COVID lockdowns in the USA. Certainly a ridiculous statement on the surface, and yet the index investing evangelists have been saying the same thing (over the long term) since Jack Bogle made indexing popular. But let's move past that, what if I add a second part to that previous statement that goes something this: "Stocks can only go up [as long as the Fed and US Gov't keeps propping up markets with ZIRP and bailouts during any downturn]." Now all of a sudden that statement seems much more plausible. So the question becomes will the Fed/US Gov't let a downturn occur? Will they let rates rise or will they introduce yield-curve control?

It's a bit dangerous to compare the current situation to previous bubbles since we've never seen debt or government intervention occurring on this level (at least in the USA). This party could go on for much longer than the bears think. And I haven't even talked about the flows from active managers to passive that floods the market with more cash, which Mike Green has written much about. Of course this WSB situation exemplifies an opposite trend that some people have been gambling actively rather than putting money in passive.

Edit: We've seen steps to stop the WSB crowd, but what happens if institutional money starts flowing into the same WSB trends? I'm sure there are a lot of analysts and fund managers watching everything unfold closely and trying to figure out how to profit from it.

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C40
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Re: Investments Trade Log

Post by C40 »

If I understand right, this is not merely a bubble. It's a million plus people that have hedge funds (and their brokers/banks/insurance/US Government) held hostage for whatever amount they decide to demand with sell limit orders.

Some of these GME holders are 25 year olds who have memories of 2008 when their parents lost their jobs, lost the house, and they slept on the floor at grandmas house and for dinner sometimes ate tomato soup made from packets of ketchup snuck out of McDonalds... this is a huge moment in their lives and they are out for vengeance as much as money

white belt
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Re: Investments Trade Log

Post by white belt »

@C40

Gotcha. I agree with your sentiment about the GME holders, especially since most of them come from my generation. That's what I was getting at in my earlier post that these people aren't going to go down easy. This is a protest like marching down to Wall Street and burning down hedge fund buildings (and looting their bank vaults), just the digital 2021 version. We'll see how this proceeds and if it escalates into physical violence. The left-wing media outlets like Vice are just starting to seize on the story as a David and Goliath (rich vs poor, old vs young, Wall St vs Main St, gov't vs people) story.

Edit: We now have both AOC and Ted Cruz tweeting in agreement that Robinhood restrictions are "unacceptable"
Last edited by white belt on Thu Jan 28, 2021 12:57 pm, edited 2 times in total.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible »

The dictatorship will not allow it if it threatens the system. Hedge funds were being forced to liquidate their longs as shorts blew up. The broader stock market was falling as these shorted stocks were rising. Now that flow is reversing.

Image

white belt
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Re: Investments Trade Log

Post by white belt »

The populist uprising is swelling and I'm unsure if even the ruling class will be able to keep it contained, but they are certainly trying. Are more people going to start viewing WSB as a "cause" and pouring money into it's prized stocks to feel like they are doing the "right thing" to fight Wall St? We already see politicians and celebrities coming out with their opinions in favor of WSB. The first wave of WSB followers seemed to be mostly motivated by greed, but as the elites have attempted to fight back we're seeing a much larger battle play out. So far this uprising crosses political lines even in the most polarized of times.

Mister Imperceptible
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Re: Investments Trade Log

Post by Mister Imperceptible »

I think it is important to understand the psychology of millions of people, even if you do not agree with the sentiment. A lot of these people on WSB do not even expect to make money. I certainly do not want to lose my savings, and I am not in this trade directly (tho in a way we are all either long or short volatility, and I suspect the mainstream that will be quick to dismiss this phenomenon are short volatility and so are ignoring the underlying reasons at their own risk):
Mister Imperceptible wrote:
Wed Jan 27, 2021 8:22 pm
Radigan Carter: The Wall Street Insurgency

“Boomers Don’t Understand The Game They Are Now Playing”
......
This is what the start of an insurgency looks like. Ask anyone who has been overseas and seen what a society looks like as it starts to fracture.
......
But here is the problem. It is not WallStreetBets that does not understand the game they are playing, it is you, Boomers and specifically the 1%.
......
But here’s the secret about insurgents. They already think they are dead. They think everyone around them is already dead. Why do they think this?
......
This is the mindset that develops when you watch your brother drown in a shit filled ditch trying to fish discarded plastic water bottles out of it to sell, where your animals have nothing to eat but discarded trash, you burn tires in the winter to stay warm, you cannot get a job, which means you cannot get married.

This is the same mindset that develops when you watch your parents be denied a PPP loan while all the hedge funds got theirs then politicians wiped away the loans and poof, a free $100 billion changed hands again, as if by magic, from their wallets to yours.
......
If the Boomers in charge wanted to actually fix the problem, they would have done so in 2008 or even in March 2020 and let poorly run companies go bankrupt instead of providing liquidity while providing a social safety net to the lower working class which have been taking it on the chin for decades to maintain social stability during the transition, but they didn’t, so I doubt they will choose to do so now.

They are now facing an organized, smart, dedicated, and younger financial insurgency who is both technological superior with a higher risk tolerance since they have nothing to lose.
......
In other words those with the most to lose will lose. Will a lot of the millennials lose in the process as well? Yes, but they no longer care. The standard rules and thinking of risk in the first world are becoming not applicable.

They could have lead that in 2008, or even in March 2020, both times they proved they are weak, with no honor, and not worthy of our respect. Instead they chose to steal decades from their children and their grandchildren to continue to live beyond their means.

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C40
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Re: Investments Trade Log

Post by C40 »

Well..I am thoroughly confused about what actually happened today

white belt
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Re: Investments Trade Log

Post by white belt »

@Jacob/others

Can we decide which thread to put the GME/WSB discussions in? Since it has it's own thread title now, I propose moving it there so folks don't need to sift across 3 different threads to discuss.

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C40
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Re: Investments Trade Log

Post by C40 »

ah yeah, I think we should discuss it in the Gamestop thread now that it exists

jacob
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Re: Investments Trade Log

Post by jacob »

Yes, lets move further GME et al posts to viewtopic.php?f=3&t=11827

The investment log thread is intended to serve as an overall historic trail/reference w/o too much detail/discussion.

I'll lock this thread for a few hours (unless something unrelated happens) to make that happen.

The Old Man
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Re: Investments Trade Log

Post by The Old Man »

https://www.depositaccounts.com/blog/fe ... rate-hike/

Don't fight the Fed.

Looks like a super easy monetary policy will be with us for some time to come. Bubble economics are here to stay. The Fed will eventually want to unwind its positions, but at the same time it also doesn't want to disturb the markets - both the real economy and financial markets.

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Lemur
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Re: Investments Trade Log

Post by Lemur »

Nokia up 8% pre-market due to earnings report from competitor showing increased earnings in the 5G sector excluding China.
https://www.marketwatch.com/story/nokia ... eid=yhoof2

Nokia reports earnings February 4. I'm expecting positive news.

Motley Fool suggests that MAC short-squeeze is ending.
https://www.fool.com/investing/2021/01/ ... gn=article

MAC reports earnings February 11. I'm not sure what to expect. I'm hoping the value play narrative picks up over the short squeeze narrative at this point after MAC caught much attention last week.

I rolled down my covered calls on both NOK and MAC today after their share prices dropped.

Biscuits and Gravy
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Re: Investments Trade Log

Post by Biscuits and Gravy »

Took my surprising GME gain and bought ATVI, because if I were a gamer (as many of the redditors seem to be) and new to the markets with sudden easy cash in my brand new trading account, I'd buy ATVI.

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