#politics

1 messages · Page 49 of 1

urban knoll
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And we bombed way more German, Polish, and Eastern European cities than just that

foggy fern
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A major part of why we dropped the bombs was to see what they would do to a city

urban knoll
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@foggy fern - true 😆

foggy fern
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We had them, we wanted to use them, Japan gave us an excuse

urban knoll
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And one of the best-guarded secrets of the Manhattan project was that we only had enough fuel for two bombs

dusky raft
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nevermind the casualty rate may have been higher if we didnt nuke them and instead used an invasion force.

near glen
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Well, the Brits you can't say so much about good faith, they destroyed way more residential building than commercial or even infrastructure

urban knoll
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@dusky raft Yes, that was the military analysis given to truman

white wing
near glen
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But the Brits also were way more emotionally invested into this war

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Having lost battles against germany earlier

white wing
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And after too

urban knoll
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@near glen I know they had an early policy of targetting civilians, but did that continue on later as well?

dusky raft
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the Japanese military brass werent so willing to give up even if they had to fight on their home island

urban knoll
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^^^^^^^

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My great-grandfather served in navy during WWII and those Japeease had a very militaristic honor code

near glen
urban knoll
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Europeans had been through so many wars we had a culture willing to surender

dusky raft
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to be honest, considering the suicide planes and subs, it wouldnt be surprising if the Japanese did something similar to what we have seen in the middle east

urban knoll
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@dusky raft :shudder:

near glen
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My grandfather served in the war, got captured by the Brits and obducted to England

weary obsidian
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r/conservative is such a shithole. most of their reaction to this claudia conway stuff is that the daughter is "mentally unstable" as if that relates to the issue

near glen
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His brother served on the east front, they found what they think is his body a couple Years back

weary obsidian
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or its somehow the dads fault

near glen
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My grandfather was 16 at the time

weary obsidian
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incase you didnt see, kellyanne conway posted a picture of her 16 yr old daughter topless to twitter

foggy fern
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wat

urban knoll
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Grooooooos

near glen
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Isn't that child pornography?

urban knoll
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Bleegh

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I like Kellyanne Conway but I don't think thats groos

weary obsidian
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"One look at the daughter's comments makes it pretty clear that this isn't a kid in good mental health. Sad how the parents seem to have allowed their political conflict to boil over with their daughter."

urban knoll
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The moment has come when the bombing of German cities simply for the sake of increasing the terror … should be reviewed.

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  • Winston Churchill
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I mean I initially learned this on wikipedia

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But Basically the bombings started out as "Revenge on the Germans" and "lets kill lots of innocent people to make Hitler want to stop fighting"

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[I mean I'm kind of mocking the british view there]

near glen
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Yeah that's i mean with the Brits were more emotionally invested

urban knoll
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Yeah, they kind of leaned towards the "demoralize the enemy" philosophy at first.

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And yeah It didn't seem like they were primarily motivated by military reasons 😦

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But the americans went along with it

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And eventually the realized "oh shit this wont work" (because hitler is a mad man and there was no democracy)

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So they started primarily targeting factories and stuff (and actually giving a shit about the the laws of war and civilian lives)

near glen
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Idk, sad times for the whole of humanity

urban knoll
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I'm definitely not an expert but that's what I get from my Wikipedia + Military Tactitian Father

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@near glen Yeah but now we've had basically 40 years of peace 🙂

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So thats great!

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goes Back to code

foggy fern
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This is from the report on the bombings done in 1946:

There is little point in attempting precisely to impute Japan's unconditional surrender to any one of the numerous causes which jointly and cumulatively were responsible for Japan's disaster. The time lapse between military impotence and political acceptance of the inevitable might have been shorter had the political structure of Japan permitted a more rapid and decisive determination of national policies. Nevertheless, it seems clear that, even without the atomic bombing attacks, air supremacy over Japan could have exerted sufficient pressure to bring about unconditional surrender and obviate the need for invasion.

Based on a detailed investigation of all the facts, and supported by the testimony of the surviving Japanese leaders involved, it is the Survey's opinion that certainly prior to 31 December 1945, and in all probability prior to 1 November 1945, Japan would have surrendered even if the atomic bombs had not been dropped, even if Russia had not entered the war, and even if no invasion had been planned or contemplated.

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The Japanese had, in fact, already sued for peace. The atomic bomb played no decisive part, from a purely military point of view, in the defeat of Japan.
— Fleet Admiral Chester W. Nimitz, Commander in Chief of the U.S. Pacific Fleet

near glen
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Idk what current wars are ongoing outside of that, africa is still as unstable as ever, so is the war in syria

foggy fern
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The US has been at war basically non-stop since at least WW2

urban knoll
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Technically we're not in a state of 'war'

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Congress just gives "Authorizations for the Use of Force"

near glen
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Also, i just looked into that conway shit. She basically posted child pornography (why does she even have those images?!) Of her own daughter, because she felt like her daughter was on her phone to often

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Thats fucked up on so many levels

urban knoll
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And the president has like unlimited power to do whatever he wants with the military

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Vietnam was started by unilateral presidential action, with no congressional authorization

foggy fern
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Her daughter thinks she had the photos for blackmail or something and then got hacked

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Just taking and/or having the photos is child porn though

near glen
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I think the hacking is just cover up

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But yeah just possession is enough

weary obsidian
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AnTiFa DiD iT!

foggy fern
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According to /r/conservative her daughter or her husband did it

weary obsidian
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broke into her house, broke into her phone, broke into daughters phone, took screenshot, then uploaded to twitter

urban knoll
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I mean that's not strictly impossible, just unlikely

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And she deserves a trial by jury

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But yeah - gross

foggy fern
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TIL the Japanese believed the US had 100 bombs, could drop 3 a day, and had Tokyo and Kyoto as their next targets

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Because they tortured a random captured pilot until he told them whatever would make them stop

arctic tangle
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what does honestly surprise me is the level of dismissal going on in those comments, like the person suggesting the daughter did it to get points with the left.. like.. wat?

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at that point they really are just slaves to ideology at that point and cannot be helped

near glen
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Ppl need to be able to ignore the two idiotic sides and just look at what's actually happening: a mom trying to force her daughter to use her phone less by posting child porn of her. No matter where the mom stands politically, that's just wrong on so many levels

near glen
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Man, the more and more I read up on r/wallstreetbets fucking over all the hedge funds that shorted game stop the funnier it gets

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Turns out, these hedge funds shorted more shares of game stop than actually exist 😂

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And then there's this

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It's so funny, suddenly the wrong ppl manipulate the market and now it's a big deal

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When the whole market was bullshit to begin with

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Ppl asking for sec trading intervention on gamestop 😂

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Because if a company that wallstreet shorts gets hyperd that's bad, but when a company like tesla that wallstreet likes gets hyped into oblivion it's not problem

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Reddit threat saying "hey let's support gamestop" literal anarchists but a hedge funds manager going on tv saying company x is a short case and telling ppl to short it is just fine

near glen
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Gamestop was up to 350 pre market, (double the closing price) and then the hedge fond announced on tv that they closed their short on gamestop (would loose them 10 billion, 80% of their assets) and now pre market price is down to 226 again

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Closing was 150 which was up 100%

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If it's true that they closed their position, they are basically bankrupt and 10 billion just moved from wallstreet into reddit

near glen
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Kek they reached main media in germany

foggy fern
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Hedge fund got an emergency investment of 2 billion to keep it alive

near glen
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That was before today tho

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Gme is still up 40% to 209 premarket

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The bailout was Monday

foggy fern
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Ron Johnson says we shouldn't convict Trump because we should put it all behind us

near glen
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Apparently both citron research and melvin capital closed their shorts on Tuesday evening

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But wallstreet bets says that still 130% of available stock of gme is shorted

foggy fern
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People are trying to get it going with AMC theaters now too

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Kind of seems like they've realized these stocks below $10 can be swung around just like Bitcoin can 😛

near glen
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Yeah they just looked at low cap stock sorted by percentage of shorts

near glen
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Gme opened 350 😂

restive seal
near glen
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Just because it's normal doesn't mean it's sane

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Also, RH and other sites are having server issues rn

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And reddit is still holding it seems

restive seal
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I was going to go check on stuff I'm invested in (not GME 😦 ) but looks like Ally's investment stuff is down. (Or, at least, I can't view mine! )

near glen
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Oh looks like sec halted trading

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At fucking 269.69?

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Amc too 😂

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Oh gme just resumed

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Looked at amc, they opened 400%

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Wsb be like

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The suits are trying to short gme to cover their losses and wsb keeps holding/buying into the dip

restive seal
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This is going well

tough cedar
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Wtf

tough cedar
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that's kinda cool though

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sounds like it's the riskiest form of investing

near glen
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It's gambling and trolling

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And it's working

near glen
restive seal
near glen
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It's so fun to watch

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And it's still not over

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Look at this fucking legend

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Fucking 💎 👐

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Hodl is strong with this one

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He's literally set for life now because he memed wallstreet

tough cedar
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well he has to sell it at some point to get that...

near glen
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he already got a pay out of 14m

tough cedar
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oh well nevermind he's set for life

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lmao put that into something safe and he'll never have to work again

near glen
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Now it's just the memes and a fuck you to wall street

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He can just put it on a normal bank and be set for life most likely, lol

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Buy a nice home and be done with it

tough cedar
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well yea, but you can put it into safe stocks and you'll get more money than a bank would ever give you

near glen
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50k in, 50+m out 😂

sand shale
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I am confused

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What is with this "GME" meme stuff today?

tough cedar
mystic ermine
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people abusing the stock market got abused

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basically

tough cedar
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whack ass market manipulation

mystic ermine
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and they're upset 😄

sand shale
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no idea what that means

near glen
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Gme is gamestop

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Wallstreet did bet that gamestop stock will crash, reddit went yolo and brought gamestop stock, reddit won the bet big time

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Wallstreet lost a few billions already

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Some redditors became millionaires over night

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And it's still going

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Gme is up like 1000% from earlier this month

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It's obviously a giant bubble but wallstreet is still shorting to cover their losses

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So reddit is still holding

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(shorting = betting against the stock)

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Holding = buying and not selling, driving the stock up

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(disclaimer: i know nothing about this shit, i just watched the big short)

faint radish
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I think there is a mis-conception that big corporations are suddenly for more regulations. Big corps are usually in favor of more regulation anyways, because they have the resources to comply w/the regs, whereas small/new businesses are stuck with trying to comply with them.

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large companies have whole departments dedicated to regulatory compliance

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so if, say, amazon can get the government to fight off competition for them, they are all for it

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I think the same thing applies to Wall Street. They can comply w/new regulations, and are for them because it makes it harder for the small guys to compete

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(this is one of the reasons a regulatory state is not a good thing)

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I hope this incident spurs this realization in a lot of people.

white wing
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If you want companies to have more control make it so there is more regulation and government over reach so that companies have more incentive to control the goverment.

dusky raft
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This is why I think big government is cancerous in a capitalist environment.

wraith grail
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it has proven itself to be sooo much better in other environments after all...

dusky raft
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hell, even in a more encompassing socialist/communist country has the same problems, its just businesses are considered owned by the government

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though you dont get competition since government owns everything

tough cedar
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what regulation?

faint radish
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Wdym what regulation? There are tons of regulations surrounding Wall Street. Anyone remember Elon musk getting in trouble for it?

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Jim Cramer (a well known financial host on CNBC) cannot buy a stock in the morning, then tell people on his show to buy that stock.

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Also, looks like r/WallStreetBets is now a private subreddit, and the associated discord server has been banned. Discord says it doesn’t have anything to do with the current news story, but the timing is really kinda sus.

tough cedar
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oh i assumed you meant some regulation wall street was now in favor of

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but i think now you just meant in general

foggy fern
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A market without regulations isn't very free either though, you end up with massive monopoly conglomerates and no control over them

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We often end up with them anyway but at least there are some limits on them

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If we followed the Sherman Anti-Trust Act as it was written instead of an interpretation of it the Supreme Court made up in the 60s (70s?) maybe we wouldn't have them at all

faint radish
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Perhaps they didn’t think something like this specific thing would happen, but for regulations overall, big companies are usually in favor of them.

dry pike
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Regulations are cringe and so is trust busting. Standard Oil and Bell did nothing wrong

faint radish
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Like Amazon recently raised its company-wide minimum wage to $15 and is now lobbying the federal government for a $15 min wage

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Why might Amazon want that? Well it makes it harder for competition to pay that wage

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A federal minimum wage doesn’t make sense because labor costs are so drastically different between rural Nebraska and Silicon Valley

tough cedar
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well the regulation wall street would want then is just make it so individuals can't do whatever it is they did today

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if it was a regulation that was applied across the board they'd not be in favor of it

faint radish
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Yeah exactly. Make it harder for us, easier for them.

tough cedar
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not harder, impossible

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and status quo for them

faint radish
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You can’t really “sell” a regulation JUST aimed at small time groups. It would be a blanket thing

tough cedar
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sure you can, just say you're doing it for their protection

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we don't want people making x mistake, so we're not going to allow you to do it anymore

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you could sell this type of trading to people i'd say, by the knowledge i've gained today it seems to be an extremely risky form of investing

faint radish
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Well the mechanism for determining which group you are in would be some license or smth that big time groups would be able to get much easier. But yeah, my larger point is, big corps are in favor of regulation cause it makes it harder for competition. That’s still the case here.

tough cedar
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i don't actually know what i'm arguing here

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lol i think we agree

faint radish
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There’s a ton of laws that say... no new moving companies in this area unless all the existing moving companies agree to let a new one start

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(For stuff other than moving companies as well)

stiff terrace
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this whole GME thing is fantastic to watch

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I bought some shares and its entertaining watching their values skyrocket

faint radish
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Also, I don’t think it’s 100% that what they did isn’t already illegal.

stiff terrace
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I don't know though

faint radish
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It’s entertaining now, but when it plummets, and then you are left with “suckers” who bought a bunch at $100 and now it’s back to $8. And they lose a ton of money

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Cause it’s gonna go right back/

stiff terrace
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this is a unique situation I doubt we are gonna see firms short like this again

faint radish
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Like, this isn’t a permanent thing

tough cedar
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i think it goes back

stiff terrace
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it'd probably go back to 4 dollars

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but it will hit some insane value before then

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just get out before the firms collapse under their own debt

tough cedar
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i think the people in WSB want to wait until they drain more money out of the hedgeffund though

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so as long as the WSB people don't sell they win because the people who bet on it going down eventually have to end their bet

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or something i don't really know

stiff terrace
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yeah

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when the options expire

tough cedar
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that's just what i kinda gleamed from reading things today

stiff terrace
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they either call their losses and buy back now, or wait for the options to expire, and one other scenario I forgot

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the next few Fridays are going to be juicy

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apparently VW hit 7000 something when this happened to them in 2008

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GME could do that and it'd be super funny if it did

tough cedar
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i think people on wsb were saying if they hit 1,000 they'd bankrupt melvin?

stiff terrace
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I don't know what melvins situation is right now but they had to take out a huge loan

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citron is another firm involved in these shorts

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I can see GME likely hitting 1k, and it might soar way past that if reddit keeps squeezing these shorts

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people have to buy and hold or it won't go up that high though

wraith grail
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Lol it's hit canadian national news: "Reddit Causes Market Frenzy"

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"stocks soar amid 'meme' trading"

foggy fern
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btw it's already hard for a random person to do day trading

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That is someone who buys then sells in the same day or buys and sells shorts

tough cedar
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robinhood is one of the apps that lets you day trade right?

foggy fern
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You have to have a certain margin staked to prove you're good for it and keep people from trying to gamble away their tiny little savings

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Your account has to have $25,000 or more in it at the time of the trade

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And they have to stay there for at least 2 days after doing the trades

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Yeah robinhood is what everyone uses on /r/WSB

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I think they have some scheme that lets you avoid the margin rules sometimes which is technically illegal if you use it but isn't the main point of the feature so they get away with allowing it

foggy fern
foggy fern
tough cedar
dusky raft
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that is amazing

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im going to wait till big banks come in or the federal government to halt everything

foggy fern
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NBC Nightly News said they lost over $14 billion today

dusky raft
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lol

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I dont have any sympathy for them

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well, biden might have been right, there is unity between the left and right, at least when it comes to wallstreet

foggy fern
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That was just for today, their online article about it has some estimate for the whole month:

S3 Partners, a financial data company, said Wednesday that its analysis found that short sellers had lost $23.6 billion on GameStop this month.

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This looks like a pretty good article, you can start from not knowing what shorts, gamestop, and reddit are and get up to speed

dusky raft
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well from what ive heard, short selling itself isnt really horrible, as it puts bets on when a company fails. They are usually seen to as warning signs when one is set to fail. Its when short selling becomes predatory which is what we might be seeing

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considering these hedgefunds just seem to continue pouring cash in

foggy fern
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Short selling at these levels on company that is struggling to begin with is practically guaranteed to kill it off

dusky raft
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yeah, these bankers are fucking determined even if they lose their cash

foggy fern
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Apparently the kinds of loans a company can get change based on how well their stock is doing

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Shorts drive the price down just by existing

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They saw a company that appeared to be on the brink and decided pushing it over the edge was a good way to make a few bucks

dusky raft
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yeah, thats the predatory in nature aspect part

foggy fern
dusky raft
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lol

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I hate AOCs position, but I agree 100% with her on wallstreet

foggy fern
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Sad thing is it sounds like if you do an analysis of GameStop you end up with a stock price estimate of like $60

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They're actually pretty big in online sales

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When all these people jumped on the stock it was at like $10

dusky raft
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yeah, I just hope that it infuses cash into gamestop for them to change their business practice

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because holy fuck, gamestop stores feel so fucking dated

foggy fern
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They've been losing money for the last couple years but were on a trajectory to turn it around and even after the disaster of COVID on their retail locations the estimate is they'll be profitable again by 2023 still

dusky raft
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I think they do need a rebranding of themselves. it might be difficult for them considering historically their target audience

foggy fern
dusky raft
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While their core product/service, I feel like used games bring down the looks inside a store

foggy fern
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That's from the middle of 2019

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The investor noted that 90% of GameStop’s roughly 5,700 stores are free-cash-flow positive. He explained how during the previous video-game console cycle, its free-cash flow tumbled in the last year before rebounding smartly the following years. He thinks 2019 will be the bottom for this cycle.

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Even with COVID he was right, the last estimate for their 2020 losses is way lower than they reported for 2019

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He noted there may be mechanical selling by quant-oriented funds because of new lease accounting guidelines that went into effect earlier this year. The new guidelines drove GameStop’s leverage ratios higher, he says, while nothing has changed fundamentally.

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Apparently in 2019 their cash on hand was more than all their outstanding debt too (and more than their market cap...)

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I suspect the borrowing needed to get through 2019 and 2020 changed that though

dusky raft
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I wonder if other companies are going to be affected by this movement

foggy fern
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AMC is up like 800%, isn't it?

dusky raft
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wait

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AMC?

foggy fern
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The theaters

dusky raft
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damn, $20

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from $4

foggy fern
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All of the ones WSB are pushing go down after hours because normal people can't really do after hours trading

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There were 4 of them WSB was trying to push, I swear I saw another was Blockbuster but I thought they didn't exist anymore

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Apparently it's a penny stock now and was up 1400% at one point

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TIL a stock can be valued at $0.00

dusky raft
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AMC Theatres; Bed, Bath and Beyond; Eastman Kodak; and the liquidation company for Blockbuster as well as Nokia.

foggy fern
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That has to be rounding from some less than 1 penny price

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The rest of them seem to just be memes but the GameStop one did make some sense

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It went from "don't let them kill this company" to "how can we fuck over hedge funds as much as possible?"

dusky raft
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well, considering the past instances of what is going on now, this appears to be a steamroller, taking its time

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maybe to ensure the maximum damage compared to a violent uproot?

dusky raft
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@foggy fern litterally all im thinking right now is that wall street may be suffering from something like the 11foot8 bridge, continue to ignore the problem and shovel more money into it

smoky hedge
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Wait so with that video, did they mess up the sign? Like I'm unsure what the "raising the bridge" has to do with that - because if anything raising would mean less crashes, not crashes from people who didn't realise it'd been raised

dusky raft
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no, they raised the bridge to 12-4

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but people being people

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fucking ignore road signs

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and the size of their vehicles

smoky hedge
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Ahh okay, so it was unrelated to the raising of the bridge then

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Was just a bit confused as they seemed to make a big point of that at the start

dusky raft
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no, its just people being utter idiots on the road, which isnt unusual

smoky hedge
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Ahh from what I can tell that channel is dedicated to that bridge specifically - so it was more of a "btw they raised it" for existing viewers

dusky raft
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though, im shocked how penske hasnt done anything when it comes to their trucks and that bridge

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considering a lot of their trucks have lost their roof over the years

smoky hedge
dusky raft
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yeah, fucking amazing how wreaked some trucks can get

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the nicer ones are what are considered can opened

smoky hedge
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Although seems an ambulance was called for it - which seems a bit odd as no one was injured?

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Unless their truck was full of people

shut vine
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Idiots be idiots.

dusky raft
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lot of truck rentals

foggy fern
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I binged that channel a few years back

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I love that they know the bridge is going to get hit so they put a bar in front of it so you wreck on that first

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Never noticed before but I guess it makes sense, looks like all their tires blew out too

near glen
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We have such a bridge here too

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Dubbed idiot Bridge

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If you drive thru there it's a fucking concert of blinking lights in all colors

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Raising wasn't possible as it's one of the main railway lines into the city

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Ah I remember wrong, it's not one bridge, but a collection of bridges

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Ranging from 3.6m to 4m

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They rebuild one of the 3.6m bridges, which was an arch bridge,which was the main problem, but another 3.6m bridge still stands and still causes collisions

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Kek all pictures are hosted by our local press it seems and their website has dns issues rn 😂

foggy fern
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jeez

near glen
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It's double bad here because of the multiple bridge it's hard to get rid of trucks and the street below is one of the main entry ways into the inner city and always a traffic hell, without such an incident

foggy fern
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I'm not sure if they actually raised that bridge either, they might have lowered the road

near glen
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Lowering the road is hard cause you easily create a rain pool

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And if you need to add drainage, that's extra expensive

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It's so meh, all 3 majority news papers we have here are down rn, wtf

smoky hedge
near glen
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It's one for idiots, one for plebs, one for business man or smth

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This is how this looks from above, it's a mess of roads and bridges and stuff

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It's the northern main connection, but it also meets the west connection there, as it's infront of our central station

smoky hedge
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If I google Idiotenbrücke it says it's being demolished 😦

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But I can't view the page due to a proxy error 😛

faint radish
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Did y’all just discover the can opener bridge?

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What a great idea to install cameras to record all the trucks that get totaled by it. And the city has seemingly gone to such great lengths with big flashy signs.... but nope.

near glen
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That's the news paper that's down rn yess ^^

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But yes, the arch bridge has been demolished and rebuild, but there's another bridge in that complex that still gets trucks stuck

faint radish
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what is speciesism?

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there are all these comments on their tweet trying to claim that humans aren't the superior species... I don't understand that. We clearly aren't the best at everything, but that's not what superior species means.

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We are only superior to carnivorous animals because we can stand up with two legs.
well... that and I can go grab a tank that'll deal with anything coming my way. If you want to compare species, you have to account for the output of their traits, like our intelligence which has led to the invention of, say a tank.

near glen
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Are you seriously taking anything peta saS seriously?

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Lol

faint radish
#

no, im just making fun of them

#

and the people trying to defend them in the comments

mystic ermine
#

PETA?

#

People eating tasty animals

faint radish
#

yes indeed

weary obsidian
#

a sign flashes at you if your gonna hit lol

dusky raft
#

Oh, live in the area?

weary obsidian
#

a city over yeah, but ive been there in person

#

I'm in Raleigh, that's Durham.

foggy fern
#

I only know those are close to each other because Raleigh-Durham International Airport

#

Oh, and I guess The Research Triangle

near glen
#

This timeline is sure exciting

#

This is ted cruz agreeing with aoc

faint radish
#

as much as this GME stuff is entertaining, it is true that it's not what the stock market is supposed to be for.

#

a stock value should reflect a companies status, or potential status, not based on essentially a troll

near glen
#

Gme highlighs what hedge funds do all the time

foggy fern
#

Did... did they add a weed stock in there?

pure jetty
#

GME is blatantly being pumped and its only going to fuck over retail investors

#

and ofc ted cruz likes what AOC said

#

Cruz would be happy if trading is restricted to his class by taking down Robinhood

#

Where in reality robinhood is just trying to protect retail investors from making dogshit investing decisions

#

if they didn't delist $GME they risk having the SEC regulate them out of existence

#

The idea that what's happening is good is such a fucking braindead position being justified with the same "2 wrongs make a right" logic

near glen
#

I would say robinhood delisted gme cause citadel said so

pure jetty
#

im sure they've been in talks

#

but the SEC places some responsibility on places like Robinhood to self-regulate

#

the position of the SEC for the longest time is that Robinhood is a bad thing that leads to shit like this

near glen
#

If we learn anything from today/this month it's that the market can't be trusted to self regulate

pure jetty
#

a major part of their decision is almost certainly due to the optics it gives to the SEC

#

If we learn anything from today/this month it's that the market can't be trusted to self regulate
no, it's that professential morons on WSB don't give a fuck about long term consequences of their actions

#

they just want a quick profit

near glen
#

Why should they? Is it their responsibility?

#

Do hedge funds care?

pure jetty
#

it's illegal for hedge funds to do the same thing WSB did

#

so yes

#

I'd say they care

#

the only reason WSB isn't legally responsible is because the law never thought retail investors would be this braindead

#

(the laws are tied to holding institutions accountable)

near glen
#

The question was if hedge funds care about long time consequences

#

And hedge funds do this shit all the time, just not in public so nobody cared

pure jetty
#

the SEC hates digital retail trading as it is

#

WSB is using these digital platforms

#

they pumped a stock almost 1000%

#

the SEC is closer than ever to banning digital platforms like robbinhood

#

Hedgefunds do not cause these problems

#

WSB is going to get their whole means of operation outlawed

foggy fern
pure jetty
#

saw that

#

they're not breaking any laws

#

no idea what people expect to get them for

#

they're operating 100% within T&S

near glen
#

Just because they are operating withing tos, doesn't mean it's lawful

#

Tos don't get approved by a judge, you can write literally anything in there

pure jetty
#

right but they're also following the law as well

#

users of Robinhood are not entitled to a stock

#

Their T&S explicitly gives them the permission to not execute user orders and the SEC laws governing them don't require them to entitle their users to executing all orders

faint radish
#

love Hoeg Law

pure jetty
#

good video by a corporate lawyer

#

he explains this all very well

faint radish
#

I like Legal Eagle as well, but this guy puts out like 3 videos a day sometimes

#

idk how he has that much time, but its nice

pure jetty
#

yeah he does a lot for yt stories

foggy fern
faint radish
#

well... that's overstating it a bit. I don't think ted cruz called for anyone to be murdered

#

but yay, unity

foggy fern
#

Unity doesn't mean there are no consequences for your actions

faint radish
#

no no it doesn't

#

and the political process will take care of Ted Cruz

#

he didn't do anything illegal

pure jetty
#

i mean one's after robinhood because they want to limit trading to elites and one's after robinhood because they hate all aspects of capitalism

#

you decide which one's which!

faint radish
#

lol. They have agreed before on more restrictions on lobbyists, but idk where they think that's gonna work, they were all in flagrant violation of 1st amendment

foggy fern
#

Eh, you can do something like that as a regular employer

#

I don't know if the government can do that though, they have more restrictions even as an employer

faint radish
#

yeah, that's what im talking about, the government

foggy fern
#

In California no one can do that

faint radish
#

do what exactly, I didn't mention any specific restrictions

#

so not sure what we are talking about

foggy fern
#

An employer in California can't enforce a contract that says you can't work for certain people or in certain industries after working for them

faint radish
#

well the issue w/lobbyists is its just speech, and the gov can't restrict your speech regardless of what job you had before

foggy fern
#

If they didn't want you to work for someone else they should have made sure you didn't want to leave

faint radish
#

well speech, and petitioning for a redress of grievances.

foggy fern
#

I don't think it works like you say for lobbyists though

faint radish
#

that's what lobbying is, pushing an agenda

foggy fern
#

The act of petitioning the government is speech, being allowed to work for a company that does that is different

faint radish
#

I was never talking about working for a company

foggy fern
#

They can't stop you from doing it but they can potentially stop you from making money from it

faint radish
#

I was always talking specifically about lobbying

foggy fern
#

At least outside of California

#

No one is seriously suggesting a ban on petitioning the government

#

Just getting paid to do so on someone else's behalf

faint radish
foggy fern
#

“If we can agree on a bill with no partisan snuck-in clauses, no poison pills, etc — just a straight, clean ban on members of Congress becoming paid lobbyists — then I’ll co-lead the bill with you,” Ocasio-Cortez tweeted at Cruz.
(emphasis mine)

dusky raft
#

I still think a service time might be the best idea to slow down the revolving door

#

limit 20-30 years in any elected government position and appointed position that isnt military.

foggy fern
#

How would that slow it down?

#

You'd do your 20 then join a lobbying firm

foggy fern
#

hmm, apparently the stocks on this list are ones someone has been naked shorting

#

(search GME)

#

That's supposed to be a list of stocks that have been sold but not delivered

#

Sounds like the hedge fund that WSB was trying to fuck up has already closed their position though, yesterday

#

So it's just a bubble now, there is no reason to keep holding GME

faint radish
#

yeah, I still think when it pops, you're gonna have a lot of people that saw the story, put money in, and then lost it.

#

because if people started selling it, it'd go way down. Its not possible for everyone who bought it to sell it, and it still have its high price at the end

pure jetty
#

nOOOoOOOO tHeY'rE sHoWiNg ThOSe hEdGE FunDs!!11!!

#

SOY robinhood bad!!11

#

can literally not go tits up!111!

foggy fern
#

I still think most of the people until like a week ago were doing it to screw the hedge fund, planned to get out when it fell back to their buy in price, and were willing to take some loss for a cause

#

But it wouldn't have jumped so fast without a bunch of people piling on looking to make a quick buck

#

Instead those original folks will likely be the ones who make all the money while the hedge funds and late joiners go home broke

faint radish
#

Yeah, exactly

#

Cause it’s not gonna go down without people losing money.

foggy fern
#

It was a gradual (but higher than it should be) rise from like September of last year until a week or two ago

faint radish
#

Can you short the stock now?

foggy fern
#

Then it went in to orbit all of the sudden

#

Retail traders on any platform cannot short the stock right now, based on what people are reporting on twitter and such

faint radish
#

Well, why can’t a fund just come in, short the stock now, and make a ton

foggy fern
#

They're also having trouble executing their options or whatever

#

That's probably what the fund that bailed out the first one is doing

#

That fund is also the one that processes trades for Robinhood

faint radish
#

I just stopped using Robinhood like 2 weeks ago funnily enough.

foggy fern
#

If those two parts of the company coordinated that's illegal but if they aren't allowed to work together why are they allowed to be the same company?

dusky raft
faint radish
#

I think they can do that tho.

foggy fern
#

They're doing a margin call or whatever, right?

#

You don't have enough margin for them to think you'll be good for it

pure jetty
#

they're allowed to do it

#

you give robinhood power to act on your behalf

#

no law on the books requires they need your permission

icy oracle
pure jetty
#

yeah we talked about this

#

nothing illegal going on

#

nothing will come of that law suit

icy oracle
#

Mhm just putting it here, can't really comment on it, not a lawer or into stocks just interested in the beef ig

drifting arch
near glen
#

Rich People: “Why don’t poor people just buy stocks?”

Poor People: “Hmm, okay, let’s try”

Rich people: “Wait. Stop. We didn’t mean be successful at it”

pure jetty
#

:/

stiff terrace
weary obsidian
#

how come everyones using robinhood and not other brokers?

faint radish
#

I think robinhood is just the easier to get started with? Only 2 weeks ago did I get my schwab acct setup

weary obsidian
#

but man this is fucked up

#

you know shits bad when aoc and cruz are teaming up

#

i dont even know how to fucking access mine, i had a scottrade, then TD ameritrade bought it, but i havent used it in years

#

i think i even have money sitting in the shit

#

and i had a brokerage account, so i can short actually lol

near glen
#

It's not only robinhood anyways

foggy fern
dusky raft
#

fucking bullshit with these rich bastards

#

while nothing is fair, they claim its not fair when the working class get an advantage

faint radish
#

yeah, see there are different kinds of billionaires, the ones that do this, make money and produce literally nothing.

#

and then you have the other ones that actually do smth

dusky raft
#

While I dont agree politically with silicon valley CEOs, at least they produce something

faint radish
#

and becoming a billionaire by investing well, isn't a bad thing, look at Warren Buffet.

dusky raft
#

I think smart investing isnt a bad practice, its when one exploits the market to get rich by taking others down

faint radish
#

its certain types of investing, buying companies, to sell their stuff, etc.

foggy fern
faint radish
#

designed 20 years ago

#

their Class A shares are at $348,220.00

foggy fern
#

When they have their annual shareholder meeting Omaha turns in to midtown Manhattan

faint radish
#

yeah, its a big deal

#

(well except this year)

#

idk when it is during the year, did it beat COVID last year?

foggy fern
#

(midtown Manhattan is the most expensive place in NYC)

#

I believe it's during the summer

faint radish
#

yeah, May 1. so it was virtual last year

foggy fern
wraith grail
#

build a wall (around shiny building)

glossy sandal
#

More companies spying on you for data in the guise of better user experience yay

foggy fern
#

Unless that patent is specific to music recommendations a friend of mine works on software to do that already

#

I think theirs is meant for call centers or something

tough cedar
dusky raft
#

lol

rancid anchor
#

FUCK robbinghood

pure jetty
#

yes fuck robinhood! the company trying not to get regulated out existence by people making poor trading choices like you

#

but no its robinhoods fault!

foggy fern
#

And now I've been reminded of that dumb soy thing again

pure jetty
#

well if people are gonna keep staying stupid shit in this channel mine as well use stupid memes

foggy fern
pure jetty
#

love hbomber

small root
pure jetty
#

no it wasn't

#

the SEC hates shit like robinhood in the first place

#

they're trying to save face from them by not letting dipshit morons buy shitty meme stock

#

saying it's a "ridiculous move" shows pure ignorance around what the core problem of whats happening right now

faint radish
#

Does Robinhood have some exposure themselves?

#

If there’s any chance they would’ve had to pay a bunch of extra money, they would take steps to prevent that

#

The whole piling onto Robin Hood is really an excellent example of virtual mob mentality

#

The stock thing in the first place is ALSO an example of virtual mob mentality.

foggy fern
#

Yes, Robinhood had to take out lines of credit to cover their own margin requirements

pure jetty
foggy fern
faint radish
#

It’s how the stock market is suppose to function, people buy stocks (usually because the company announced smth or had a good quarter or some info about the company) and the stock goes up. The purpose is not to “troll” hedge funds.

pure jetty
#

mhm

#

WSB is literally fucking themselves and are going to get retail trading banned

#

so gg i guess?

#

im just surprised by the shear number of morons thinking its actually Robinhood's fault

#

everybody and their dog are spewing this total dogshit

#

not surprised about AOC, her econ takes are always dogshit. but just everyone else

faint radish
#

Also, a hedge fund isn’t just one guy right? It’s a group of investors who also lost money. Idk if anyone “normal” puts money into a hedge fund since they are riskier, they usually go for mutual funds.

pure jetty
#

correct, hedge funds are very high risk investment firms

foggy fern
#

Yeah, it's not like AOC has a bachelor's from Boston University in economics or anything

#

Oh wait...

pure jetty
#

dude

#

she's not realistic

faint radish
#

Yeah, cause we all know degrees from a university mean you are good at smth. Trump has a Econ degree too.

foggy fern
#

That is a good point, Trump was clearly a moron 😛

#

She graduated cum laude though

shut vine
#

She can't even understand the difference between legal and illegal though

faint radish
#

Didn’t she want some registry of people who donated to trump?

pure jetty
#

that already exists, no?

shut vine
#

Anyone associated etc

faint radish
#

Yeah, it should already exist cause it’s public, but there was smth else

foggy fern
#

The point was to not let people pretend they never supported him after he was gone

shut vine
#

Then she screwed herself by voting Pelosi without demanding something in return, now she's lost all her important committee positions

foggy fern
#

That happened a lot with Gingrich, Bush, etc

#

Once they were out of favor everyone piled on and pretended they disliked them all along

faint radish
#

Yeah, I gotta feeling Pelosi is content to just ignore her

#

Well here is a classic example of her and Econ. A federal $15 min wage

foggy fern
#

AOC is on the same committees she was last session though?

pure jetty
#

$15 isn't bad

faint radish
#

But for everywhere

pure jetty
#

polls very well with economists

faint radish
#

$15 isn’t bad for some places

foggy fern
#

Financial Services and Oversight & Reform

pure jetty
#

is it ideal, no. but not horrible

faint radish
#

(Cause all the economists live in CA, DC, or NY)

shut vine
#

I'm pretty sure she was kicked out of the important ones

faint radish
#

At least the ones the media talks to

foggy fern
pure jetty
foggy fern
#

Oversight and Reform Committee is like, the committee

shut vine
foggy fern
#

She was tweeting today like she was on that committee

shut vine
#

I don't see an official list for ORC

foggy fern
#

Oh, it's a naming thing

shut vine
#

Yeah most committees have like 3 names

foggy fern
#

You're looking at a subcommittee of the Appropriations committee

small root
#

I’d be pretty opiates too if I weren’t able to buy

shut vine
#

Ah yea you're right

small root
#

Pissed not opiates wtf

pure jetty
#

if you're gonna keep coming back not willing to understand why its good you can't then stop coming back

shut vine
#

Oh it's not that she was dumped from one, she wasn't added to one she was looking to get

#

Energy and Commerce Committee

pure jetty
#

at least debate me

#

ffs

small root
#

Why is it a good thing they were prevented from buying?

pure jetty
#

the SEC hates shit like robinhood in the first place
they're trying to save face from them by not letting dipshit morons buy shitty meme stock

foggy fern
#

I don't like that Robinhood was forcing them to sell actual stocks

small root
#

Why does the SEC hate robinhood?

small root
foggy fern
#

Forcing them to close put options is whatever, I think they call that a margin call

#

At least some of the people said it was their actual stocks

small root
#

Margin is on borrowed money

#

Probably not true

pure jetty
#

because SEC likes to regulate the retail market to avoid retail investors from making poor choices

small root
#

How is it a poor choice?

pure jetty
#

robinhood loses a lot of that control for the SEC

small root
#

Who determines that?

pure jetty
#

GSE is a super volatile stock

#

it's a SHIT choice to put money in

#

it's not worth anything close to its current value

small root
#

I disagree, long term, yes

pure jetty
#

the stockmarket isn't made for this

shut vine
#

Minimum wage effects on economics are heavily debated by economists. Historically it's been linked to inflation which is linked to unemployment, but not in all instances.

foggy fern
#

Wall Street won't refuse free money, they'll gladly take you for a ride

pure jetty
#

it's people abusing a bubble and its going to lead to people who don't know what they're doing losing money

foggy fern
#

SEC tries to stop you from blindly giving them your money

small root
#

Looks like the people who were shorting GME were the ones losing money

pure jetty
#

which is probably 80% of the reasoning behind halting GME trading

shut vine
#

GSE?

pure jetty
#

i mean GME

shut vine
#

Oh okay

#

I made quite a bit off GME

pure jetty
#

and the hedge funds already closed their short positions barty

shut vine
#

But I've dumped everything as of yesterday

pure jetty
#

literally just a bubble

shut vine
#

I don't plan on looking at it again either

pure jetty
#

you shouldn't

small root
#

When did they close their positions?

pure jetty
#

today/late yesterday i forget

small root
#

Where do you see that?

pure jetty
small root
#

And if it were today, that’s awesome because the market was manipulated so they could.

pure jetty
#

yesterday

#

and market manipulation is bad

#

2 wrongs don't make a right

#

if you want to say hedge funds do it

small root
#

There are other funds that are shorting it, and they have not closed their position as far as I know.

pure jetty
#

which they can't because it's literally illegal

pure jetty
#

short interest is about 50% now

#

probably little if any hedge funds make that up

foggy fern
#

50% is still pretty high but yeah, it was 150% before

small root
#

Saying hedge funds “can’t manipulate it because it’s illegal” is a bit of stretch when that’s basically part of their job. I don’t really agree with anyone who defends Wall Street or disagrees with people banding together to try to use the same tactics against them. If the SEC had halted all trades on GME, I think people would have been fine with it. But the fact that Robinhood shut off the buy power of people who were primarily trying to buy the stock, and allowing the rest of the big traders to manipulate the stock to bring it super low to cover their position is sickening. I definitely hope something comes of this, but am not hopeful because very few people were ever charged in the crash of 2008, so expectations of fuckery like this being stopped or held accountable is at as low as it gets.

#

I think something very differently would have happened today if the Robinhood traders were able to buy.

#

I watched an interview of the CEO of Robinhood and he was a complete jackass.

pure jetty
#

so two things happened that you're fundamentally not understanding

#
  1. Robinhood's clearing house was saying they were about to meet their load and couldn't keep up with the opening positions
  2. The SEC already hates Robinhood for making unsafe positions easier to get. Them blocking this was good in the eyes of the SEC, and good for the people who use Robinhood so people can still use their platform (don't get regulated out of existence)
tough cedar
pure jetty
#

and Hedge Funds do not Pump and Dump stocks

small root
#

Robinhoods CEO denied 1.

pure jetty
#

no they didn't

#

they denied that a hedge fund forced their hand

small root
#

I watched him say it, so yes, he did.

pure jetty
#

clearing house != hedge fund

small root
#

I know what I heard. He was specifically asked about that and denied it.

pure jetty
#

link it

small root
#

I’m not going to do that. You can find it through a simple google I am sure.

pure jetty
#

their clearing house couldn't handle the influx of opening positions and Robinhood was running low on capital

small root
#

He denied that.

pure jetty
#

link it

small root
#

He was asked why they got more credit yesterday and he said that they would not have any issues, and that was not the reason behind the freeze on buying.

pure jetty
#

credit != clearing house

small root
#

He specifically denied running low on capital.

pure jetty
#

they posted in their blog post today they were

#

[a]mid this week’s extraordinary circumstances in the market, we made a tough decision today to temporarily limit buying for certain securities. As a brokerage firm, we have many financial requirements, including SEC net capital obligations and clearinghouse deposits. Some of these requirements fluctuate based on volatility in the markets and can be substantial in the current environment. These requirements exist to protect investors and the markets and we take our responsibilities to comply with them seriously, including through the measures we have taken today.

tough cedar
#

why not block selling then too lol selling just ends up benefiting the hedge funds?

pure jetty
#

because forcing someone into a security is a bad idea

tough cedar
#

right makes sense

foggy fern
pure jetty
#

how is that not the onion

faint radish
#

yeah, you guys don't know about the Jewish space laser? 😆

foggy fern
#

The South African variant has 2 confirmed cases in the US now and the people who had it haven't had any international travel recently

#

Luckily all the variants so far should be trivial to modify the vaccines for and they should sail right through testing and approval using the same systems used for flu variants

faint radish
#

moderna said their vaccine works on the south african one

foggy fern
#

But that might mean you need to get vaccinated again

#

They said it was less effective though I'm not sure if they gave a number

#

Moderna, that is

#

And here is BioNTech (Pfizer):

Dr. Ugur Sahin, the chief executive of BioNTech, said in an interview on Monday that his company was talking to regulators around the world about what types of clinical trials and safety reviews would be required to authorize a new version of the Pfizer-BioNTech vaccine that would be better able to head off the variant in South Africa.

foggy fern
#

That Robinhood lawsuit seems to have been done by a professional and is throwing every possible thing at the wall to see what sticks

#

I figured it was just some random upset redditor who found a template

near glen
#

No bunch of lawyers were searching for users to file lawsuits too

faint radish
#

laywers are always looking for plantiffs. gotta make that crazy 💰

small root
#

They restricted their accounts to 1 share

#

Earlier was 5 shares, they’re still trying to do it to them

#

Hopefully people are moving off their platform

faint radish
#

I cant help but draw a comparison between all the people saying "wow, the free market was exposed as not free", and "twitter can ban who they want, its a private company"

small root
#

I think it’s very different

faint radish
#

the government isn't stopping you from buying GME shares

#

and you still can, there are other platforms that still let you trade shares

foggy fern
#

Can you? I thought they were all blocking or delaying trades of GME and GME options

small root
#

What they did crashed GME

#

Only buys

faint radish
#

ok, well you certainly cannot blame robinhood for the fall of game stop stock, when its rise was totally unnatural in the first place.

small root
#

Absolutely can

foggy fern
#

At least one of them was either blocking or having issues handling selling put options too

faint radish
#

I don't think robinhood ever stopped you from selling your shares

#

only buying

foggy fern
#

robinhood locked it down to only selling and either did a bunch of margin calls or forced the sale of actual stocks depending on who you believe

small root
#

What happens when the people buying to drive the price up suddenly aren’t allowed to do that anymore?

faint radish
#

there are other places to buy the stock, is the thing.

small root
#

That’s ridiculous

faint radish
#

if multiple companies got together and colluded to prevent buying of a stock, that's illegal

small root
#

“You can use that other broker that takes 3 days to set up an account and transfer your money to!”

faint radish
#

well ok, but that's not robinhoods fault

small root
#

Saying that robinhoods decision didn’t have any effect on the market is a JOKE.

📎 image0.jpg
faint radish
#

when I said "blame", I mean it with the negative connotation, like "fault", not the connotation-less meaning like "cause"

foggy fern
#

What I'm getting from that chart is the SEC should investigate if Elon Musk has done any trading in GME 😉

faint radish
#

their actions, as all actions, affect the market.

#

the stock wouldn't have fallen, if it hadn't gone up (sharply) in the first place, causing all the uncertainty leading to all this

foggy fern
#

It was a pretty steady rise until this last week then it started looking like bitcoin

small root
#

It went up sharply because people want to cause a short squeeze and make money, to fuck the funds that have tried to RKO GameStop

#

It’s their fault for getting caught like that, it’s the market correcting their risky position

faint radish
small root
#

Manipulation by RH to prevent that, if proven, is pretty bad

#

The comments haha

faint radish
#

yeah, always read the comments of OJ tweets

small root
#

Their decision caused a lot of damage and hopefully it doesn’t matter and these shorted stocks get squeezed to hell

pure jetty
#

holy shit here we go again

pure jetty
pure jetty
pure jetty
foggy fern
#

I didn't make any argument about the validity of any of the claims, I was just surprised as how wide ranging they were

#

It wasn't just "you blocked me, you bad" it was like 40 things

pure jetty
#

not really attacking you specifically

#

more just giving background

pure jetty
pure jetty
small root
#

Lmao

pure jetty
#

occam's razor applies here

#

what's more likely: they ran out of liquidity that they are legally required to maintain during the biggest surge of stock purchases ever

foggy fern
#

I still can't believe a market maker is allowed to be the same company doing trades and options

small root
#

GME CEO yesterday says it was not caused by a liquidity issue, gets a cash infusion of 1 billion overnight, then happens to keep implementing restrictions.

pure jetty
#

OR some big evil company blocked it

foggy fern
#

But that's a whole different thing

pure jetty
#

barty what in the living fuck are you talking about

#

GAMESTOP FOR

#

this is a ROBINHOOD issue

#

ROBINHOOD could not maintain enough capital to back the trade orders they were getting

foggy fern
#

Robinhood and/or their market maker who is also the company that bailed out the hedge fund that got squeezed

pure jetty
#

they HAD to stop to maintain in compliance with the SEC

near glen
#

But but but the ceo said that's not the case!!!!1111

foggy fern
#

Which is why people are suspicious about it

pure jetty
#

their CEO is lying in that case

#

they literally fucking said in their blog post it was a capital issue

near glen
#

Their ceo is full of shit i agree 😂

small root
#

Yes I mistakenly said GME instead of RH, sorry.

pure jetty
#

regardless he's contradicting his blogpost

#

and regardless of that even if it was for the safety of retail investors it's totally understandable

#

this is literally a ponzi scheme at this point

foggy fern
#

TIL there is a 10th Circuit ruling that women are allowed to be topless in all situations where men are

pure jetty
#

the short positions of the big firms have closed

foggy fern
#

The city decided not to appeal to the Supreme Court so we don't have a nationwide ruling on it

pure jetty
#

the only people losing are going to be the poor fucking dipshits who saw this on WSB and didn't know any better

pure jetty
foggy fern
#

https://www.youtube.com/watch?v=pZbN1x_wgq8

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Rights You Didn't Know You Had (and Probably Don't Want)

Sometimes the law taketh, sometimes the law giveth. Unfortunately.
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▶ Play video
#

😄

small root
#

Total shorted shares has not changed much according to S3 Partners.

foggy fern
#

Oh I've heard the murder in Yellowstone one before

small root
#

GME shorted shares according to them are only down 5 million this week. Around 58 million left.

pure jetty
#

Melvin Capital, the company people were trying to fuck over, already closed their short position

small root
#

Most of the 5 million that were closed were done yesterday, due to the drop in price.

pure jetty
#

the current short interest is people likely understanding that stock can't see high forever

small root
#

Well not due to, but coinciding with.

pure jetty
#

so right now WSB is sticking it to nobody

#

you're not screwing over any big guy

#

it's pure degeneracy

small root
#

Who owns those 58 million shorts then? No one?

pure jetty
#

new ventures

sand shale
pure jetty
#

that WSB spewed up

foggy fern
#

A little here, a little there, etc

#

Probably mostly various funds but not one big position like it was before

pure jetty
#

right

#

because, it has to go down

#

it's not going to stay like this forever

small root
#

Why are the borrow fees still increasing then? If the amount of lendable shares supposedly had increased due to their positions being closed.

foggy fern
pure jetty
#

just so we're on the same page what fees on what platform are you talking about @small root

foggy fern
#

That has to be the craziest way someone gets this vaccine

small root
#

Getting the information from https://www.google.com/amp/s/www.cnbc.com/amp/2021/01/29/gamestop-short-sellers-are-still-not-surrendering-despite-nearly-20-billion-in-losses-this-year.html and https://twitter.com/ihors3/status/1355194252674953219?s=21 (S3 director of predictive analytics)

CNBC
GameStop short sellers are still not surrendering despite nearly $2...

"In actuality the data shows that total net shares shorted hasn't moved all that much," Ihor Dusaniwsky of S3 Partners said.

Ihor Dusaniwsky (@ihors3)

$GME short interest is $11.20B; 57.83M shares shorted; 113.31% of Float; 53.12% S3 SI% Flt; 29% fee & easing. Shares shorted down -5.08M shares, worth $983 million, -8.07%, last week. Shorts down -$19.75B in 2021 mark-to-market losses; down -$7.83B on today's +70% move.

Retweets

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Twitter ·
pure jetty
#

in that case it's probably because nobody want to be in the business of short selling that stock unless you got big money as collateral

faint radish
#

It’s all about DOGECOIN now.

#

GME was so 3 days ago boomer

#

😛

pure jetty
#

they can do whatever the hell they want to crypto just stay the fuck out of securities

tough cedar
pure jetty
#

they're just going to look over there books

#

nothing will come of it

foggy fern
#

72% is still pretty good since it only takes one shot and didn't require LN2 storage but that 57% is worrying

#

Although they say no one who got the vaccine had to be hospitalized or died even if they got sick

#

It's also much easier to make so we'll probably all have had that one by summer

near glen
#

Did somebody say doge?

faint radish
#

Seeing the two starships next to each other is pretty sweet.

near glen
#

Yeah

#

Hopefully Monday

foggy fern
foggy fern
#

Huh, apparently Guiliani tried to blame The Lincoln Project for the coup attempt so now they're suing him, his client (Trump), and Bannon (it was said on his show)

faint radish
#

yeah, all these defamation suits probably won't go anywhere, on any side. its exceedingly difficult to prove

#

you have to have knowingly said false information with the intent to "defame", and its really hard to prove what you were thinking when you did something

#

cause only you can testify to what you were thinking

#

and you can just plead the fifth for that

#

and that's pretty much it

restive seal
#

At the same time these are the sort of people who I could easily see leaving paper trails coordinating defamation up to and including literally writing "we are going to defame them"

small root
#

What do you think about Interactive Brokers refusing to enable trading on GME until it goes back down to $17?

pure jetty
#

That's kinda weird, don't know what their trading volume looks like or if its a liquidity issue like Robinhood's

#

makes sense from a retail trading perspective but they look a lot more corporate so that moves seems strange coming from them

small root
#

A lot of those brokers were told by their clearing houses to do it. Some have disclosed that, some have named them, some have been really shady about it. But yeah

#

There’s a video of him saying it one sec, guy is just an asshole haha

pure jetty
#

well at least in robinhood's case their clearing house lacked the liquitiy to back trades so maybe that was the problem?

#

the but $17 thing is strange

#

i understand it because it is very overvalued obv

small root
#

Yeah, I was just mad about the robinhood CEO lying about that

pure jetty
#

well from what i understand he just didn't want to go on TV saying "we have a liquidiy issue" because it sounds bad

small root
#

The chairman of that is upset about the manipulation of the GME stock and how it’s “illegal”

#

So maybe that’s why

#

(Too)

pure jetty
#

i doubt what WSB was illegal

small root
#

Agreed

pure jetty
#

well what most of them did

#

since they're not an institution they're nothing to really hold them to

small root
#

But I don’t claim to know a ton about the laws that regulate the stock market

pure jetty
#

SEC didn't think a bunch morons on an internet site would do this shit 😄

small root
#

Yup haha

pure jetty
#

now i do suspect the SEC is going to do shit to make sure this doesn't happen again

small root
#

Naked shorts shouldn’t be legal in my opinion

pure jetty
#

which I think could also be what interactive is trying to look good against

#

No naked shorting happened

#

it's already illegal

small root
#

Then I’m mistaken on what those are

pure jetty
#

Naked shorts is when you short something without the """assets""" to back it up

small root
#

I thought it’s when you short a stock but don’t actually borrow the stock, which is why there are more shorts than stock

pure jetty
#

it's partly that

small root
#

Ah ok

pure jetty
#

its that + when you have no collateral

small root
#

Yeah that makes sense

pure jetty
#

some of that happened in 2007/2008

#

which is how it got outlawed

#

but short interest gets over 100% when people short the same individual security with the collateral over it

small root
#

Kk

pure jetty
#

it's hard to put into words

small root
#

I get what you mean

pure jetty
#

but generally healthy

small root
#

Man I just want to see the big guy get annihilated so bad haha

#

Really hope it happens

pure jetty
#

i mean the big guy is already gone

#

they lost their billion

#

all that's left are the little guys blowing their sail ship further into the ocean

small root
#

We will see

pure jetty
#

i mean the hedge fund already closed their short positions

#

idk who you'd be screwing over 😄

tough cedar
foggy fern
#

NYSE keeps track of stocks that appear to have naked shorts

#

iirc it's tracking trades that have happened but no stock has been transferred yet

#

GME was on that list

#

Usually that just happens as things are syncing back up and it didn't "really" happen but GME was on there for a while

sand shale
pure jetty
#

congrats reddit!

#

you made a company $100M

#

you did it!

faint radish
#

I’m waiting for some more people/corps to make a ton of money. Like what if Don Jr, made like $50 million off of this?

#

Or smth like that. 😛

small root
#

They will

#

Many people are going to lose a lot of money

pure jetty
#

yeah i agree

#

many retail investors

foggy fern
#

Wow the increased volatility of GME forced brokers to up their deposits from $26 billion to $33.5 billion in one day

#

So yeah, all of the confusion was because Robinhood didn't want to come out and say "we don't have enough money for this"

foggy fern
#

Oh, and Robinhood's "instant bank transfer" is just them letting you buy stuff on margin until the funds clear a day or two later

#

So them forcing people to sell what appeared to them to be actual owned stock makes sense under that system

#

If you wired RH $10,000 and bought GME 5 minutes later RH was letting you buy it on margin

foggy fern
#

Oh, and apparently when you buy $10,000 in stock they can't use your money to cover the clearing house deposit, they have to have their own money to cover that for the 2 days it takes for the trade to clear

#

So the deposit requirements went up, everyone was buying, and they ran out of money

#

The reason Robinhood allows you to start trading right away while others make you wait a few days is RH accounts are all margin accounts

pure jetty
#

They give new accounts up to $2k (iirc) of leverage (pending bank transfer) so they can trade right away

#

since bank transfers aren't instant

#

but the clearing house needs collateral anyway so it wouldn't have mattered

foggy fern
#

Right, even if you had $10k sitting in your RH account for a month first they couldn't use that money for collateral

#

And DTCC required GME trades put up 100% collateral vs 3% before that

foggy fern
pure jetty
#

There was no naked shorting going on if that's what you're trying to say

foggy fern
#

So Republicans bring out 10 Senators (exactly enough for a filibuster-proof majority) pitching their idea for another relief bill that is like 1/4 what Biden proposed

#

Seems like the goal is to tempt Democrats in to taking them seriously and trying to negotiate back up from there just so they can stall and then back out while blaming the Democrats but being unwilling to compromise

restive seal
#

Obvious counter-offer should be 4x the proposal.

foggy fern
#

Like, I don't think this could be considered a serious proposal but having 60 votes on board is a tempting goal

#

Remember when Democrats spent most of the session where they had the majority in both houses trying to negotiate ACA with Republicans then none of them voted for it anyway?

#

And because they spent so much time trying to get bipartisan support for ACA not much else got done?

#

I mean, the most critical piece dropped from the ACA happened because of an independent but still

faint radish
restive seal
#

"Oh. Oh no."

near glen
#

Worth noting that they also count anti Israel as anti-semitic

#

Which I will never understand

#

But yes, racism in generally is getting worse, so racism against jews too

#

That's what happens if you tolerate right wing extremists in a parliment

#

Who always say shit like "Hitler and the nazis were nothing more but a fly shit in thousand years of german history"

#

(is "fly shit" a thing in english? We use it to say that something is extremely insignificant)

tough cedar
#

i've never heard it used

foggy fern
#

I've only heard it used when a book is trying to be authentic eastern european

small root
#

thats interesting that being anti israel is also anti semitic

pure jetty
#

like clockwork

shut vine
#

Why is it strange.. the population of Israel is like 85% Jewish.

#

Also yeah I sold my GME stock that I'd been holding about 1 day before it started to fall.

restive seal
#

There's a big difference between being against the actions of a government and being against a race or culture, even if a majority of people ruled by a government could be categorized as part of one group.

shut vine
#

Yeah but that's not what was stated as anti-semitic.

restive seal
#

Sorry, I assumed you were replying to the most recent comment above yours about it.

shut vine
#

I was, he said Israel, not the Israeli government.

#

There is also a distinction between those two, one is a nation of people, the other is the people who run that nation.

near glen
#

Meh

#

It's used interchangably

#

But my comment was about politics

shut vine
#

Well that makes sense.

near glen
#

If I say Israel is breaking international law by invading palestine I get called Antisemit

shut vine
#

Just because there are people of a certain identity running a government does not mean they either represent that group, or criticism of that government is a criticism of that group.

#

At the end of the day they're politicians, most of which are not very nice people.

#

We saw similar claims of racism when people criticized Obama's actions and policies, that's just as insane without further evidence.

mystic ermine
#

context and looking for hatrid

shut vine
#

Yeah, that's pretty much the modus operandi of the news lately.

restive seal
mystic ermine
#

if you leave anything open for interpretation, people looking for hatred will look for the potential slant to throw it as evil

shut vine
#

There were instances like you suggest, I think people latched onto that though. Several news outlets and specific individuals claimed criticism of Obama was racist when there was not any additional evidence.

#

I mean it's possible it was closet racist, but without evidence it's a very spurious claim.

restive seal
#

Have any sources further to the right than huffpo handy? (I understand it has been a while and you may not)

near glen
#

I try really hard to diversify my discrimination against all religions, calling me a anti-semitic because of my political views towards israel is an insult to that

shut vine
#

Same for claiming people against the Israeli governments actions are anti-semetic.

#

Like it could be motivated by that, but without additional evidence it's highly spurious again.

near glen
#

All religions are equally dum and I treat them fairly, they all get their fair share of shit from me 😂

shut vine
#

This is how political correctness evolves.

#

Yeah people are free to practice their religion as they please as far as I am concerned provided that practice doesn't directly harm others.

#

But I agree totally regarding your opinion of the actions and policies of a government does not equate to identity hatred.

#

In fact saying you think a specific religion has a negative effect is not the same as saying you hate people of that religion either.

small root
#

Well, I said that because you can disagree with the existence and circumstances of the existence of Israel as a country but not be critical or against people who are Jewish.

shut vine
#

Yeah, of course. You can even be critical of the religion itself and it's not anti-semitic realistically.

small root
#

Mhm

dusky raft
#

the Israel/Palestine conflict is very complicated, and I dont think its one or the other at total fault.

#

both sides along with their neighbors are to blame for the current situation, along with the british who split up the region

foggy fern
#

It trains you to believe shit without evidence

shut vine
#

Yeah, and saying that isn't anti-semitic. 😛

#

People want something to believe in is the actual issue, similar issues occur in the scientific community just in differing ways.

dusky raft
#

Religion has been used as a catchall for quite a few things, mainly as to fill in the gaps of what we dont know, power structure (depends on religion), and how someone is to go on with their life. It's meant to fulfill empty spots in a person. This is also why religion has been used to exploit people in the past for power.

#

Which is why I do tie in atheism as a religion, as its a belief of a lack of god and that science is gospel.

#

I also view atheism as a precursor as a way for the state to inject itself in the same area religion took up if abused.

round horizon
dusky raft
#

^ view my third statement.

round horizon
#

hm?

dusky raft
#

I also view atheism as a precursor as a way for the state to inject itself in the same area religion took up if abused.

round horizon
#

sorry, not following

dusky raft
#

A lot of communist states went that route.

#

Wiping out identities and religions

#

China has been well in that process for a long time

#

north korea does it. and I believe the USSR did limited wiping of cultures to make the state more powerful.

round horizon
#

I never said..

#

im confused

#

why are you telling me this?

#

I mean I agree, that's atrocious, but what does that have to do with anything I said lol

dusky raft
#

I should have added in, if a state were to inject more of itself into life, it will replace belief systems if needed.

round horizon
#

wdym, literally anything can replace belief systems if needed

dusky raft
#

you can shove as much books and propaganda into someone's face, but you dont control them unless you have control of what they think

round horizon
#

Countries very much so have control over what you think

#

whether you accept it or not lol

faint radish
#

Last I checked, mind control hadn’t been invented yet.

round horizon
#

Have you heard of psychology?

mystic ermine
#

It's not really mind control

#

if you spend your whole life learning that the USA is bad and all the material to say otherwise was thrown into a fire pit, what's your belief going to be?

faint radish
#

If a country is controlling what you see, then yes, it influence what you think.

round horizon
#

exactly

faint radish
#

Which is why a monopoly on education, is the WORST monopoly of all

round horizon
round horizon