IlliniHQ 2
General Category => The Deuce => Topic started by: Custard on January 11, 2021, 12:51:34 PM
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Bills? Drugs? Risky travel? Jerseys for new favorite sports teams? Pegging equipment?
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Skullfucking.
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Crypto and precious metals. Donated some to local food bank and Lions Club.
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Crypto and precious metals. Donated some to local food bank and Lions Club.
On the one hand, thanks for your donation. On the other, maybe if you actually worked in life, you wouldn't qualify for this handout.
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You guys actually qualify?
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You guys actually qualify?
Of course 90% of these dumb fuckers do. Talkin about how smart they are and shit. And by 90% I’m talking about Rob and PMAN’s 10 alts on here.
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Out of seven total people, you think we're 20 of them?
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Out of seven total people, you think we're 20 of them?
There’s more than 7 people on here.
55 to be exact.
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You just wait 'til my nine other me show up, smart guy. THEN you'll be sorry.
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While waiting, I'm going to chest-puff a bit. I'm proud to be ten of the 31 people who have double-digit+ post counts.
Whatever became of IhaveBIGpenis?
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You just wait 'til my nine other me show up, smart guy. THEN you'll be sorry.
😂 good one. It’s weird that PMAN defends you AND Tempo. Kind of a weird 3-way relationship element there. I’m sure he’ll come on here and have some bullying to do and stick up for his boyfriend (not that there’s anything wrong with that). He gets so angry on here and starts throwing insults. Kinda makes me worry that he’s abusive to you or whomever his spouse is. Especially when it sounds like money and bills are an issue too😂
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While waiting, I'm going to chest-puff a bit. I'm proud to be ten of the 31 people who have double-digit+ post counts.
Whatever became of IhaveBIGpenis?
He didn’t puff it enough I guess🤷🏻♂️
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😂 good one. It’s weird that PMAN defends you AND Tempo. Kind of a weird 3-way relationship element there. I’m sure he’ll come on here and have some bullying to do and stick up for his boyfriend (not that there’s anything wrong with that). He gets so angry on here and starts throwing insults. Kinda makes me worry that he’s abusive to you or whomever his spouse is. Especially when it sounds like money and bills are an issue too😂
You don't even build straw men well.
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While waiting, I'm going to chest-puff a bit. I'm proud to be ten of the 31 people who have double-digit+ post counts.
Whatever became of IhaveBIGpenis?
Just quarantining with your mama and forgot to come up for air. SWOOOSH!
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Since the cricketing season is over, so begins the season of the great American art of muff diving. To smack clam, munch rug, dine at a pink taco stand! You know, park the porpoise. Take it through the car wash, baby. And get it waxed. I want to wax it. Wax it! You know, and air dry. Air dry that shit, yeah!
So I invite all of you to protect yourself with the products I have created on the website I have created during my refractory periods with your mama: meatboner.com
Check out this link in particular. It is the best use of your stimulus moneys: https://meatboner.com/shop/ols/products/meat-boner-meat-protection-plan
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On one hand it appears rob lit the Meat Boner signal.
On the other hand, I’m having trouble reconciling this character to any other HQ poster, real or imaginary.
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Yesterday, I watched a GIF of an ass-eating bulldog.
It was okay.
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On one hand it appears rob lit the Meat Boner signal.
On the other hand, I’m having trouble reconciling this character to any other HQ poster, real or imaginary.
reminds me of JimRomeIsBurning Alt.
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reminds me of JimRomeIsBurning Alt.
If it were me, I hope it would be a more entertaining than that last post was. It seems to be a work in progress.
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If it were me, I hope it would be a more entertaining than that last post was. It seems to be a work in progress.
You were definitely my first thought.
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You were definitely my first thought.
No mo' mults for me.
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Bills? Drugs? Risky travel? Jerseys for new favorite sports teams? Pegging equipment?
uhhhh do not qualify, but if I did... a $600 gun of some sort
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Take it through the car wash, baby. And get it waxed. I want to wax it. Wax it! You know, and air dry. Air dry that shit, yeah!
lmao what movie or show is that from, its killin me I can't remember
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That took the air out of my tires.
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On the one hand, thanks for your donation. On the other, maybe if you actually worked in life, you wouldn't qualify for this handout.
I put in 32 years with union before taking a fair disability/retirement package after an accident at work. But thanks !0
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I put in 32 years with union before taking a fair disability/retirement package after an accident at work. But thanks !0
Keep America Grifting.
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Faux conservatives sure love their big gubmint handouts.
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Do I keep my Gamestop stock or do I sell it?
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Do I keep my Gamestop stock or do I sell it?
I'd be pleased with those gains lol
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If you didn't have a sell order at $379 you're an idiot. I mean duh!
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Anytime a hedge fund or private equity firm loses big money, it's a good day in my book. F*ck those parasites.
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I'd be pleased with those gains lol
So, were the shmoes on Reddit just trying to mess with rich dudes and hedge funds that shorted this particular stock? I really have not seen a good explanation of what happened here and why.
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LOL
(https://i.ibb.co/mbYmkFL/Screenshot-20210127-173458.jpg) (https://ibb.co/QpqZLj2)
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So, were the shmoes on Reddit just trying to mess with rich dudes and hedge funds that shorted this particular stock? I really have not seen a good explanation of what happened here and why.
I generally don't like short sellers of publicly-traded company stock. They benefit at the expense of the vast majority of shareholders (including non-C Suite employees), those who want the stock to increase in value. Short sellers remind me of dark side bettors (DP/DC/Lay) at the craps table. Too bad there isn't an 11 that can be tossed on the come out roll for the stock market, lol. Or has one possibly been found?
I haven't closely followed what has happened with GameStop the past week or so. The company's demise has been forecast for years by quite a few analysts, ever since gaming software began moving to an online digital distribution model. Such an occurrence has already happened to brick & mortar stores that sold music and videos (i.e, Tower Records, Blockbuster Video). So it's not too surprising there was open short interest on GameStop. Whether that was normal short interest activity remains to be seen.
We've seen social media and its considerable power in the past: influencing elections, crowd source funding, the next YouTube dance craze/breakout music artist, conspiracy theories, flash mobs, crazy rants on Twitter, etc. I'm curious how many transactions were involved on average, not just the total number of shares traded. Also I'm very interested in seeing who really cleaned up on the call option side. When the craziness with GameStop is finally over, though, some long positions are likely going to get crushed. IMO, there is no way this stock is worth anywhere close to $300+ per share over the long run. Hopefully the people who can least afford to "day trade" get out before they get crushed when the stock price inevitably plummets down to reality.
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some guy on there turned 100k of calls into 47 million and still isn't selling... !!!!!!
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So, were the shmoes on Reddit just trying to mess with rich dudes and hedge funds that shorted this particular stock? I really have not seen a good explanation of what happened here and why.
A couple of the better (free) reads that I've looked at:
https://www.polygon.com/2021/1/27/22252600/gamestop-stock-gme-why-whats-happening-explain
https://www.theguardian.com/business/2021/jan/27/gamestop-stock-market-retail-wall-street
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some guy on there turned 100k of calls into 47 million and still isn't selling... !!!!!!
But will there be a buyer when he does want to sell?
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some guy on there turned 100k of calls into 47 million and still isn't selling... !!!!!!
LMAO, apparently a lot of "investors" are not selling at the moment. Too funny.
This craziness with GameStop reminds me of the movie Trading Places. Margin call!!
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But will there be a buyer when he does want to sell?
500 options isn't a lot of volume honestly and its so far in the money they basically trade at parity so yes, probably
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LOL
(https://i.ibb.co/mbYmkFL/Screenshot-20210127-173458.jpg) (https://ibb.co/QpqZLj2)
So true.
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A couple of the better (free) reads that I've looked at:
https://www.polygon.com/2021/1/27/22252600/gamestop-stock-gme-why-whats-happening-explain
https://www.theguardian.com/business/2021/jan/27/gamestop-stock-market-retail-wall-street
Thanks. Reading some articles earlier today I didn't realize the Reddit crew actively took advantage of the fact there were so many short sellers out there for this stock.
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LOL
(https://i.ibb.co/mbYmkFL/Screenshot-20210127-173458.jpg) (https://ibb.co/QpqZLj2)
Hmmm...not sure it's a good move to egg on the investigators. That being said, I'm sure there are many investors who agree with the sentiment (if not the language) in that post. The SEC is too lax investigating and punishing publicly-traded companies and big players on Wall Street that commit white collar crime which ends up hurting countless small investors. Part of the problem is those entities can deploy legions of highly-skilled lawyers and thus any investigation/charges will be a long, protracted battle - basically a war of attrition. Even the SEC has a litigation budget.
This episode involving GameStop had to be a real eye-opener for the establishment on Wall Street. Those big losses couldn't have happened to a more deserving group.
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So, were the shmoes on Reddit just trying to mess with rich dudes and hedge funds that shorted this particular stock? I really have not seen a good explanation of what happened here and why.
There was 140% short interest in the company, which is an unreasonably risk for a hedge fund because they are very exposed to a squeeze, certainly they didn't predict a coordinated attack...
This feels to me like someone sophisticated noted that a squeeze would be really disastrous for Citron and Melvin, so it opened up an opportunity for a parabolic upside - but if you do that with your own money, you'll just get hit on the downside when you try to unroll the trade. But if you can get in and then convince *other* people to fund the squeeze, then get out and leave them holding the bag, you win. They weaponized Reddit against Citron and Melvin but there is gonna be a ton of collateral damage.
They've run some very good psychology, getting a lot of very small players to treat the $500 they put into Gamestop as if they were going to Vegas - "don't care if I lose", so while that's real money for these small players, they can use personal psychology to ignore it and probably become radicalized by the next populist because the system is screwing them.
The worst player is this Chamath Papilathaya (sp?) who goes on CNBC, still talking up how this is "sticking it to the man" and fomenting more buying. He went long at 115 but closed his position in the mid 300's. If he was a true believer - why close the position. Then he "donated it all to charity!". A $500,000 tax deduction so he still nets out plus 200k exploiting others.
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Hmmm...not sure it's a good move to egg on the investigators. That being said, I'm sure there are many investors who agree with the sentiment (if not the language) in that post. The SEC is too lax investigating and punishing publicly-traded companies and big players on Wall Street that commit white collar crime which ends up hurting countless small investors. Part of the problem is those entities can deploy legions of highly-skilled lawyers and thus any investigation/charges will be a long, protracted battle - basically a war of attrition. Even the SEC has a litigation budget.
This episode involving GameStop had to be a real eye-opener for the establishment on Wall Street. Those big losses couldn't have happened to a more deserving group.
One more point here. Citron and Melvin got creamed, and those guys are the worst. But I am 100% certain that other funds were able to drop in huge short positions in the mid 300's plus. It got as low as 112 today. A lot of wall street players made huge amounts of money. Frankly, I don't have an account with the ability to trade options but I applied for one, I would absolutely bought some out of the money puts in the high 300's.
There are some of the redditors who got in sub 100. They are looking at 7-8x gains, I don't care if it *was* Vegas money, when it gets jacked up like that and looks like 6 months of rent, they are going to be very incentivized to get the hell out and party, this will start the bubble pop.
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I would absolutely bought some out of the money puts in the high 300's.
I looked at these and they were insanely expensive (like $45 for 100 strike put options expiring in Feb) even when it was at 300 so I passed, never know how long the party can run and options sellers win quite a bit more often than buyers
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GameStop at $469/share at 10am, went down to $126/share by 11:20am, then back up to $492/share at 2:10pm. Now at @$247/share. Talk about intraday roller coaster ride, this is batsh*t crazy.
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Did somebody say Lauren Boebert?
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Did somebody say Lauren Boebert?
Around these parts, she's known for the high colonic blue plate special at her grill in Rifle.
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Did somebody say Lauren Boebert?
Well played. I would also have accepted people buying GameStop at $300+/share (unless covering) and those who think CNBC is objective.
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I looked at these and they were insanely expensive (like $45 for 100 strike put options expiring in Feb) even when it was at 300 so I passed, never know how long the party can run and options sellers win quite a bit more often than buyers
Whoa. I looked now, the Feb 5 320 puts - currently out of the money by a dollar, with only one week of time value - are at $128
That's insane
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Whoa. I looked now, the Feb 5 320 puts - currently out of the money by a dollar, with only one week of time value - are at $128
That's insane
you can sell a 250 put ($50 out of the money) with 50 mins left in the market right now for $3
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you can sell a 250 put ($50 out of the money) with 50 mins left in the market right now for $3
And the Redditors think they are pulling a fast one. A lot of money is being made $3 at a time from these YOLOS
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And the Redditors think they are pulling a fast one. A lot of money is being made $3 at a time from these YOLOS
well you'd get $300 per contract, but yea not bad for 45 minutes of work