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  1. #941
    Quote Originally Posted by Sorensen View Post
    Then why only limit the meme stocks? Should have limited all trading.

    Also why go on TV saying it wasn't for liquidity reasons?
    Because of the volume, its simple math.


    Oh lets limit trades on those 130 shares running @ Ford around 15 dollars a share at capital requirements of X
    vs
    Oh shit we need to limit trades on those 100,000's shares diving @ GME for 250-400-500 dollars a share at capital requirements of X * 100-250

    Limiting the other 4900 stocks would have been like stopping someone from throwing a pebble into a bathtub thinking its going to flood the bathroom.


    He was very clear from the start.
    Its everyone running with their bullshit conspiracies tied to Citadel, even though multiple other platforms also limited trading whom had nothing to do with them

    we've already been over this quite a number of time.


    Nah they just raised 4 billion dollars to cover up the fix (most likely resulting in major valuation reduction of the company and its owners)....yup!
    Buh Byeeeeeeeeeeee !!

  2. #942
    Quote Originally Posted by Bovinity Divinity View Post
    Stop how, exactly?

    People losing money when they throw it into a fire isn't a reason to not catch some of it before it's burned. I don't know what cosmic moral nonsense you're trying to float here, but it's silly in this context.
    The money isn't going into a fire though, it's going into the hands of people who mostly are deliberately trying to profit off of their ignorance. If you want to become one of those people, that's your deal, but don't pretend it's a morally neutral action. There's nothing cosmic about it, a good amount of the money in the pot came from people who couldn't afford to lose it.

    As far as stopping it - throwing cold water on their bad ideas where you can, generally trying to educate people you know, supporting better education broadly. I don't have delusions of grandeur, none of this makes me a good person or a better person, we're all shitty in different ways, just voicing the thought that adopting an attitude of: "how can I profit off of people's misery" is not healthy.

  3. #943
    Brewmaster Sorensen's Avatar
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    Quote Originally Posted by Zan15 View Post
    Because of the volume, its simple math.


    Oh lets limit trades on those 130 shares running @ Ford around 15 dollars a share at capital requirements of X
    vs
    Oh shit we need to limit trades on those 100,000's shares diving @ GME for 250-400-500 dollars a share at capital requirements of X * 100-250

    Limiting the other 4900 stocks would have been like stopping someone from throwing a pebble into a bathtub thinking its going to flood the bathroom.


    He was very clear from the start.
    Its everyone running with their bullshit conspiracies tied to Citadel, even though multiple other platforms also limited trading whom had nothing to do with them

    we've already been over this quite a number of time.


    Nah they just raised 4 billion dollars to cover up the fix (most likely resulting in major valuation reduction of the company and its owners)....yup!
    Now you're starting to get it.
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  4. #944
    Quote Originally Posted by Zaktar View Post
    There's also a difference between picking up $10 bucks off the ground and this:



    If you want to go out looking for people making bad decisions and say "how can I profit off of this" instead of, "how can I stop this." Cool. You do you.
    Except, they were warned.

  5. #945
    Brewmaster Sorensen's Avatar
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    Quote Originally Posted by Machismo View Post
    Except, they were warned.
    People are warned about getting in cars or using heaters etc. Risk is part of life
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  6. #946
    Quote Originally Posted by Zan15 View Post
    The death kneel on GME will be when this dude cashes out

    https://www.reddit.com/user/DeepFuckingValue/

    He's already went from peak 47.9 --> 35m ---> estimated 20 ish if he made no moves .

    Then again he's got 13m in cash from his previous Un-DiAmOnDhAnds.
    Have to give him credit if his screen shots are true

    https://www.reddit.com/r/wallstreetb...te_feb_2_2021/

    down to 22 million from almost 50m. but hey up from 50k
    he lost 13.6 million of his profit today
    Still sitting on 13 million in cash on GME he sold



    Buh Byeeeeeeeeeeee !!

  7. #947
    Quote Originally Posted by Sorensen View Post
    People are warned about getting in cars or using heaters etc. Risk is part of life
    Except, some people don't understand how to do risk analysis... which is fine with me.

    "Is it worth the risk?"

    It's astounding how few people ask themselves that question.

    - - - Updated - - -

    Quote Originally Posted by Zan15 View Post
    Have to give him credit if his screen shots are true

    https://www.reddit.com/r/wallstreetb...te_feb_2_2021/

    down to 22 million from almost 50m. but hey up from 50k
    he lost 13.6 million of his profit today
    Still sitting on 13 million in cash on GME he sold
    Good for the guy at the top of the pyramid scheme.

    Not so great for everyone else.

  8. #948
    Brewmaster Sorensen's Avatar
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    Quote Originally Posted by Machismo View Post
    Except, some people don't understand how to do risk analysis... which is fine with me.

    "Is it worth the risk?"

    It's astounding how few people ask themselves that question.

    - - - Updated - - -



    Good for the guy at the top of the pyramid scheme.

    Not so great for everyone else.
    Meh, assuming people were buying with money they could afford to lose, it's just money it's not like it's life or limb.
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  9. #949
    Quote Originally Posted by Sorensen View Post
    Meh, assuming people were buying with money they could afford to lose, it's just money it's not like it's life or limb.
    Do you honestly think that everyone dumping in stocks for the memes and listening to the DIAMOND HANDS nonsense could afford to lose all that money?

    I mean, is this even "sticking it to the hedge funds" if they don't lose much more than usual (on average) and a bunch of retail investors all lose boatloads while a few retail investors see huge profits?

  10. #950
    Quote Originally Posted by Sorensen View Post
    Meh, assuming people were buying with money they could afford to lose, it's just money it's not like it's life or limb.
    Well, since it's "just money," I'll make sure to point out to all those people demanding socialism when they find themselves in the bottom looking up.

  11. #951
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    Quote Originally Posted by Edge- View Post
    Do you honestly think that everyone dumping in stocks for the memes and listening to the DIAMOND HANDS nonsense could afford to lose all that money?

    I mean, is this even "sticking it to the hedge funds" if they don't lose much more than usual (on average) and a bunch of retail investors all lose boatloads while a few retail investors see huge profits?
    Idk what exactly to believe cus there's lots of people who were like "quit my job and used my last paycheck and stimmy to go all in on $GME"

    Like that's not a good idea. But it's also the internet so who knows.

    - - - Updated - - -

    Quote Originally Posted by Machismo View Post
    Well, since it's "just money," I'll make sure to point out to all those people demanding socialism when they find themselves in the bottom looking up.
    You also have loads of people hating on socialism while benefiting from it every day.

    I don't see what that has to do with this stonks discussion
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  12. #952
    Old God Vash The Stampede's Avatar
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    Quote Originally Posted by NED funded View Post
    This post did not age well
    It did not but lets see if they're right about it skyrocketing like it did with VW.

  13. #953
    Quote Originally Posted by Zan15 View Post
    Have to give him credit if his screen shots are true

    https://www.reddit.com/r/wallstreetb...te_feb_2_2021/

    down to 22 million from almost 50m. but hey up from 50k
    he lost 13.6 million of his profit today
    Still sitting on 13 million in cash on GME he sold
    How his wife isnt beating him to cash out is beyond me

  14. #954
    https://www.adl.org/blog/gamestop-st...iracy-theories

    Well that's fun. Apparently the GME drama brought out the antisemites of the meme community.

    Nice.

  15. #955
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    Oof...

    They meme’d themselves to the poorhouse.
    Rudimentary creatures of blood and flesh. You touch my mind, fumbling in ignorance, incapable of understanding.
    You exist because we allow it, and you will end because we demand it.

    Sovereign
    Mass Effect

  16. #956
    Quote Originally Posted by Sorensen View Post
    Idk what exactly to believe cus there's lots of people who were like "quit my job and used my last paycheck and stimmy to go all in on $GME"

    Like that's not a good idea. But it's also the internet so who knows.

    - - - Updated - - -



    You also have loads of people hating on socialism while benefiting from it every day.

    I don't see what that has to do with this stonks discussion
    Oh, I'm looking forward to the guy pissing away his money to turn around and call for more handouts.

  17. #957
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    Quote Originally Posted by Machismo View Post
    Oh, I'm looking forward to the guy pissing away his money to turn around and call for more handouts.
    Why guy? Farmers or the military?
    Driving on Sunshine.

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  18. #958
    Quote Originally Posted by Sorensen View Post
    Why guy? Farmers or the military?
    Yes, all of you guys.

  19. #959
    Quote Originally Posted by Vash The Stampede View Post
    It did not but lets see if they're right about it skyrocketing like it did with VW.
    VW was a completly different monster i linked the detail of what happened and its one hell of a story. go give it a read then see what a bullshit comparison it was/is
    Buh Byeeeeeeeeeeee !!

  20. #960
    Quote Originally Posted by Sorensen View Post
    He's waiting for the squeeze to be squoze
    If they squeeze any harder, they might be able to actually get blood from a turnip. /s

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