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Topic: In other news ...

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FearlessF

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Re: In other news ...
« Reply #2058 on: January 29, 2021, 03:12:44 PM »
that is insanity

and they probably don't even know it
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longhorn320

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Re: In other news ...
« Reply #2059 on: January 29, 2021, 03:16:01 PM »
Never invest in a stock for a short term investmentif you dont know ahead of time when you will sell
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FearlessF

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Re: In other news ...
« Reply #2060 on: January 29, 2021, 03:16:06 PM »
Quote from: bwarbiany on January 29, 2021, 03:06:30 PM
Ok, so with the stock at $280/share, where does it go? As you unroll all the rest of those shorts, is that going to continue driving the price up?

How long can this take and what's the risk to the buyers?

As stated, if I'd gotten in early I'd have gotten out by now. And I wouldn't dare enter now because there's just too much downside risk IMHO.

Yet I'm reading stories of people taking out mortgages to buy GME, which just seems like insanity.
the little guys won a couple nice battles and hurt the hedge fund folks real bad this week, but in the end the little guys will get squashed and the big guys on wall street will win again.

but as the K-state wildcats used to say, "It was fun while it lasted"
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Cincydawg

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Re: In other news ...
« Reply #2061 on: January 29, 2021, 03:18:37 PM »
This could be the start of a market decline overall, broadly.

It shakes confidence.
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longhorn320

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Re: In other news ...
« Reply #2062 on: January 29, 2021, 03:23:00 PM »
Quote from: Cincydawg on January 29, 2021, 03:18:37 PM
This could be the start of a market decline overall, broadly.

It shakes confidence.
I really dont think so

all market indicators point to a bull market

course nothing is certain but it will take more this this for a down turn

like maybe screwing the oil industry which is currently in the process of happening

or raising taxes which will probably happen before year end
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Cincydawg

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Re: In other news ...
« Reply #2063 on: January 29, 2021, 03:25:33 PM »
The major oil companies like higher prices, which can come from restricted supply.

They also have operations in a lot of global places.  Shell Oil and BP are multinationals of course, as is Exxon.

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Mdot21

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Re: In other news ...
« Reply #2064 on: January 29, 2021, 03:31:32 PM »
Quote from: Cincydawg on January 29, 2021, 03:25:33 PM
The major oil companies like higher prices, which can come from restricted supply.

They also have operations in a lot of global places.  Shell Oil and BP are multinationals of course, as is Exxon.
And higher prices are bad for the economy in general, and really bad for the average folk who have to fill up their cars which run on their gas.
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Mdot21

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Re: In other news ...
« Reply #2065 on: January 29, 2021, 03:33:04 PM »
Quote from: Cincydawg on January 29, 2021, 03:18:37 PM
This could be the start of a market decline overall, broadly.

It shakes confidence.
Doubtful. If anything it could be the start of the end of naked shorting and clamping down on hedge funds- but that's also doubtful. 

Prediction: retail investors get hammered by the law and Wall Street gets to play it's games- while the "stupid money" ie the retail bro- gets the clamps put on.
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longhorn320

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Re: In other news ...
« Reply #2066 on: January 29, 2021, 03:34:33 PM »
Quote from: Cincydawg on January 29, 2021, 03:25:33 PM
The major oil companies like higher prices, which can come from restricted supply.

They also have operations in a lot of global places.  Shell Oil and BP are multinationals of course, as is Exxon.


not sure what the normal gallon price is but by year end it will be $1 higher
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longhorn320

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Re: In other news ...
« Reply #2067 on: January 29, 2021, 03:36:02 PM »
Quote from: Mdot21 on January 29, 2021, 03:33:04 PM
Doubtful. If anything it could be the start of the end of naked shorting and clamping down on hedge funds- but that's also doubtful.

Prediction: retail investors get hammered by the law and Wall Street gets to play it's games- while the "stupid money" ie the retail bro- gets the clamps put on.
outside of actions by brokers which are questionable there has been nothing done that needs correcting
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Mdot21

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Re: In other news ...
« Reply #2068 on: January 29, 2021, 03:37:40 PM »
Quote from: bwarbiany on January 29, 2021, 03:06:30 PM
Ok, so with the stock at $280/share, where does it go? As you unroll all the rest of those shorts, is that going to continue driving the price up?

How long can this take and what's the risk to the buyers?

As stated, if I'd gotten in early I'd have gotten out by now. And I wouldn't dare enter now because there's just too much downside risk IMHO.

Yet I'm reading stories of people taking out mortgages to buy GME, which just seems like insanity.
It's still shorted at 112%, still plenty of time to squeeze them. All the people buying the stock now are doing is trying to squeeze the shorts- which drives the price up even more. They'll have to cover these short positions eventually. 
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Cincydawg

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Re: In other news ...
« Reply #2069 on: January 29, 2021, 03:37:56 PM »
Gasoline prices have been depressed due to COVID for obvious reasons, so the economic activity recovers, one would expect higher gas prices.

The average price per gallon when Obama left office was $2.38.  
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847badgerfan

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Re: In other news ...
« Reply #2070 on: January 29, 2021, 03:38:08 PM »
Quote from: longhorn320 on January 29, 2021, 03:34:33 PM
not sure what the normal gallon price is but by year end it will be $1 higher
$2.50/gal here right now, for 93.
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U RAH RAH! WIS CON SIN!

Mdot21

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Re: In other news ...
« Reply #2071 on: January 29, 2021, 03:41:31 PM »
Quote from: longhorn320 on January 29, 2021, 03:36:02 PM
outside of actions by brokers which are questionable there has been nothing done that needs correcting
What are you talking about? Retail brokers restricting buying of certain stocks, but allowed selling- and in many cases even FORCED sales. 

The hedge funds naked shorted a stock- this is illegal. They should be punished for this alone.
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