Results 26 to 50 of 63
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01-28-2021, 10:44 AM #26
- Join Date
- Aug 2016
- Posts
- 486
Jesus Christ BB down to $14.23!! This is crazy! Should of closed my postions at the $28 .... LOL
But on a postive note,, I bought it so cheap I am still profitable.
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01-28-2021, 10:57 AM #27
- Join Date
- Aug 2016
- Posts
- 486
GME has been doing some crazy swings today. went from $264 a share to $475, back to $264... Some daytraders out there are seeing huge profits and others are making huge loses... It is currently at 20.39 on the RSI. It is at the decisive moment.. Buying and Selling using the RSI strategy has been good to me in the past... Should I, or Shouldn't I.... I am to scared..... I won't do it.... LOL...
This is like some real life movie ****, that I so happen to be right in the middle of due to my positions in BB. Insane!Last edited by Winning; 01-28-2021 at 11:08 AM.
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01-28-2021, 11:05 AM #28
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 477
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01-28-2021, 12:00 PM #29
- Join Date
- Aug 2016
- Posts
- 486
Question.... So is this legal what the trading platforms are doing? Stopping the ability for a person to purchase shares, and only give them the ability to sell shares they already own?
That in turn hurts the stock price. So it could be said that I am realizing losses due to the activity that the platforms are engaging in.
Perhaps a Class Action Lawsuit in the making?
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01-28-2021, 12:09 PM #30
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 477
...doesn't seem like it is legal. BUT (and not to get political here), they also shut up the POTUS, which was a 1st in history. Maybe what I've been saying about online platforms being quasi-governments is really truer than even I thought... they decide the "districts", the "levels we can play on"... the "areas/hoods" we can go to/live in...
Maybe all of this destruction of the system is just that... destruction.
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01-28-2021, 12:18 PM #31
- Join Date
- Aug 2016
- Posts
- 486
Welp.. That was fast!!! WTF have I gotten myself into! I invested in Blackberry cause I believed in the company, not becuase of some sort of Social Media mob plan.. Back in 1999 I was the Blackberry Admin for a corporation and a die hard user of Blackberry products until 2007, I have 1 hell of a vintage Blackberry graveyard... I started with the Rim957 model all the way through to the Nextel models..
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01-28-2021, 12:20 PM #32
- Join Date
- Sep 2020
- Posts
- 26
There's a bigger purpose behind all of this... The market manipulation being exposed is something that will have to be fixed
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01-28-2021, 12:20 PM #33
- Join Date
- Feb 2017
- Posts
- 3,473
Jordan Belfort, of Wolf of Wall Street fame, has some interesting things to say about it.
This is totally unprecedented, not clear how legal it is, someone will end up being a victim, and he thinks that the SEC will eventually catch up, but they might be 3-6 months away from figuring out how to do it.
https://edition.cnn.com/videos/busin...business-news/
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01-28-2021, 12:45 PM #34
- Join Date
- Aug 2016
- Posts
- 486
This is going to be crazy to watch unfold!
Rep. Alexandria Ocasio-Cortez and Sen. Ted Cruz are on the same page about this issue!
Originally Posted by Dow Jones Newswires
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01-28-2021, 01:57 PM #35
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- Aug 2016
- Posts
- 486
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01-28-2021, 02:36 PM #36
I spent 25 years as an Investment banker - what's going on right now with the shorts is EPIC and can be summed up thus: For decades the game has been Naked Shorting which means I short stock that I never deliver and, when it's zero I keep the proceeds for free. That's why you're hearing numbers like 140% of the stock outstanding. How is that possible you might ask? Naked Shorting is the largest and most prolific counterfeiting operation in the history of mankind second only to the printing of Fiat currency. PM if you want details but trading now is like juggling sharp knives - the wise guys are still in control and you can be 100% right and still be roadkill.
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01-28-2021, 02:43 PM #37
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01-28-2021, 07:37 PM #38
- Join Date
- Aug 2016
- Posts
- 486
I dont quite understand the entire process of shorting borrowed stocks and why is it that if the stock goes up the shorter need to purchase the stock to "cover the postion"... Would you mind breaking this down for me here in the forum? Perhaps even walk me through the process of placing a short on a stock myself through the TD Ameritrade platform.. I am sure other members and lurkers can learn a thing or too as well..
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01-29-2021, 08:49 AM #39
OK so, "Shorting" means: selling now with the expectation that I buy back lower profiting the difference. In order to short a stock you have to either own it or borrow shares from someone else. That someone is a firm (like TD Ameritrade) who lends you the shares so you can sell them. They get a fee for lending you the shares which they collect until the shares you borrowed are returned. Since you owe shares not money, replacing the borrowed shares you sold at $10 with shares you purchased later at $5 for example results in a $5 dollar gain minus the carry cost of the borrowed shares (which is usually minimal).
In practice this process goes at light speed since most trading accounts offer "Buy", "sell" and "sell short" options which are executed in nanoseconds. The difference is profound however since when you buy a stock all you can lose is what you paid (plus what you borrow if on margin). A short however, has unlimited downside risk because there is no limit to how high a share of stock can go up. Enter Gamestop and some other stocks which have been shorted NAKED with shares well beyond the actual shares outstanding.
That is, the entire financial system is at the verge of collapse because, as these 'SHORTED" stocks keep rising (which they could very reasonably be expected to continue), there are massive numbers of retail investors ready to shove these losses strait up Wall Street's ass. Although that might not sound like a bad idea considering what a nice bunch of folks they are, the repercussions of their collapse will effect even the most sacrosanct of obligations. Hope that helps understanding of the issue, enjoy the show! Buy Silver!
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01-29-2021, 10:20 AM #40
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Waiting to hear of a clearing firm getting toe tagged and dragged out because of all the stock gaming. Back in the day, a small firm took out one of the larger NYSE clearing firms with some rouge trading activity.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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01-29-2021, 11:26 AM #41
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
https://investorshub.advfn.com/board...age_id=3344311
History ALWAYS repeats itself....Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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01-29-2021, 12:39 PM #42
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01-29-2021, 05:04 PM #43
- Join Date
- Jan 2018
- Posts
- 519
we going to the moon
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01-30-2021, 01:04 PM #44
- Join Date
- Aug 2016
- Posts
- 486
Who do you like for the Silver play!? I created a new watch list, and I am trying to decide where I should place my bets.. Here is my list sorted by volume.. I think maybe I should go all in with SLV , or I might just do a spread and put a couple hundred on the top 5.... IDK...
Last edited by Winning; 01-30-2021 at 02:35 PM.
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01-31-2021, 07:04 AM #45
I own PAAS & AG - not so fond of SLV bc it's an ETF - since they have to supply physical to their fund it might be a good lever to pressure delivery/shorts. Morgan Stanley is he bg stick on silver but they'll be overwhelmed quickly of the hoard focuses on them. If the castle walls are breached on silver look out below - a cascading waterfall-like tidal wave of defaults will follow.
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02-01-2021, 07:41 AM #46
- Join Date
- Aug 2016
- Posts
- 486
Bets placed! I actually enjoy this more than going to the casino and dealing with all the cigarette smoke! Plus at the casino I stay until I loose all that I came to loose, whereas with this I will never quite loose all of it. Cause even when the stocks go down, they're still worth something.
Last edited by Winning; 02-01-2021 at 08:10 AM.
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02-02-2021, 12:55 PM #47
- Join Date
- Feb 2017
- Posts
- 3,473
Hopefully this whole thing will keep Rohit Chopra busy enough to ignore our industry....
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02-04-2021, 05:10 PM #48
- Join Date
- Aug 2016
- Posts
- 486
My meme stock loss porn..
I am not going to sell them though. The purchase dates kind of have a historical meaning in my portfolio now.. I might even get some paper stock certificates issued and have them framed..
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02-08-2021, 10:36 AM #49
- Join Date
- Aug 2016
- Posts
- 486
Loss some, win some right!
Up 122% on Mvis... I bought it only about 1 month ago...
Should have bought more, right! Hindsight...
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02-08-2021, 10:59 AM #50
- Join Date
- Aug 2016
- Posts
- 486
Cisco earning come out tuesday... I am thinking I should buy? I have learned how to do options in theory (I never traded them using real money). If I have time today, I think I will see if I can do some sort or options play regarding cisco.. I feel really good about Cisco based on the fact that I recently built a brand new network, and when all the dust settled, I went with all Cisco gear.
If interested in the details regarding the network build read post at https://dailyfunder.com/showthread.p...cture-Question
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