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Topic: In other news ...

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FearlessF

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Re: In other news ...
« Reply #2072 on: January 29, 2021, 03:42:37 PM »
Quote from: Mdot21 on January 29, 2021, 03:31:32 PM
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.
even worse for below average folks making $15/hour or less
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longhorn320

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Re: In other news ...
« Reply #2073 on: January 29, 2021, 03:43:10 PM »
Quote from: Cincydawg 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. 
ok fine whatever the normal correction would have been will be quite a bit higher now

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Cincydawg

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Re: In other news ...
« Reply #2074 on: January 29, 2021, 03:43:15 PM »
I didn't buy any GME, or sell, but they have been available on Schwab all day nearly as I can discern, no limit.

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betarhoalphadelta

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Re: In other news ...
« Reply #2075 on: January 29, 2021, 03:43:42 PM »
Quote from: Mdot21 on January 29, 2021, 03:41:31 PM
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.
Question... Who is at fault for this? 

They need someone to loan them the shares to short. If the prime brokers are loaning shares that don't exist, isn't it the prime brokers who are at fault?
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Cincydawg

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Re: In other news ...
« Reply #2076 on: January 29, 2021, 03:43:57 PM »
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FearlessF

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Re: In other news ...
« Reply #2077 on: January 29, 2021, 03:45:18 PM »
Quote from: Mdot21 on January 29, 2021, 03:37:40 PM
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.
there's the question... when is eventually?  How long do the good guys have to hold their stocks to squeeze the big bad guys?

as has been stated, the Hedge fund shorters lost billions, but have they really lost it yet, or will they eventually lose that much if things hold?
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Mdot21

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Re: In other news ...
« Reply #2078 on: January 29, 2021, 03:46:05 PM »
Quote from: Cincydawg on January 29, 2021, 03:43:15 PM
I didn't buy any GME, or sell, but they have been available on Schwab all day nearly as I can discern, no limit.
the retail squeeze wasn't being fueled by Schwab- probably why. It was mainly being fueled by Robinhood. Which literally just restricted buying GME AGAIN- after their CEO made all the rounds on cable tv news and apologized for the confusion and swore GME was going to be available to purchase again tomorrow (today). It was available to purchase freely- then they only allowed 2 shares per account to be purchased- now it's locked up again. 
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Cincydawg

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Re: In other news ...
« Reply #2079 on: January 29, 2021, 03:46:11 PM »
GM claims it will be all electric by 2035 for cars and light trucks.  Maybe they don't, but they will be heavily electric.  That is potentially a lot of cars, and a lot less gasoline being burned.  It may require a lot more NG to be burned of course.

I think demand for oil is headed down longer term.  We could be awash in the stuff in 15 years with much less demand.  That would be an ironic version of "Peak Oil".
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Mdot21

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Re: In other news ...
« Reply #2080 on: January 29, 2021, 03:46:22 PM »
Quote from: FearlessF on January 29, 2021, 03:42:37 PM
even worse for below average folks making $15/hour or less
And that's a huge section of this country- unfortunately. 
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Cincydawg

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Re: In other news ...
« Reply #2081 on: January 29, 2021, 03:47:00 PM »
If I had an account that wouldn't let me trade while Schwab would let me trade, I'd do the obvious, might take a few days.
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longhorn320

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Re: In other news ...
« Reply #2082 on: January 29, 2021, 03:48:45 PM »
CD I cant read your post
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Mdot21

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Re: In other news ...
« Reply #2083 on: January 29, 2021, 03:49:09 PM »
Quote from: bwarbiany on January 29, 2021, 03:43:42 PM
Question... Who is at fault for this?

They need someone to loan them the shares to short. If the prime brokers are loaning shares that don't exist, isn't it the prime brokers who are at fault?
That's a question for the regulators and investigators- both sides are probably at fault. They no doubt naked short and try to manipulate markets and do this shit all the time without anyone saying a word- the one time it blows up in their face you have people calling for regulation- on the retail/little guy. Lol.

SEC needs to investigate the hedge funds. They won't. 
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FearlessF

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Re: In other news ...
« Reply #2084 on: January 29, 2021, 03:49:32 PM »
so, 
Quote from: Cincydawg on January 29, 2021, 03:46:11 PM
GM claims it will be all electric by 2035 for cars and light trucks.  Maybe they don't, but they will be heavily electric.  That is potentially a lot of cars, and a lot less gasoline being burned.  It may require a lot more NG to be burned of course.

I think demand for oil is headed down longer term.  We could be awash in the stuff in 15 years with much less demand.  That would be an ironic version of "Peak Oil".
so, in 2037, if I'm still driving, I will be able to purchase a 3 year old car and truck that burn gasoline.  And oil/gas prices should plummet from lack of demand.  Could be great paying 99 cents a gallon 
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Mdot21

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Re: In other news ...
« Reply #2085 on: January 29, 2021, 03:51:14 PM »
GameStop short interest stands at $11.2 billion. 
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