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lenaitch said:
No. What people do with their money - legally - is their business. I'm more concerned about groups/nations with nefarious intent purposely posting false information that manipulates our economy.
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The run-up on these stocks was not due to false information, it was almost entirely due to a band of jokers getting together to try to put one over on short sellers who are greedy c**** who manipulate the market moving in regulatory grey areas.
 
slickpete83 said:
you don't understand hedging , & the importance it plays in protecting & managing risk your in portfolio , even a longer term investment portfolio
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Short selling is betting on stock price to fall which is a perversion of what stock trading is supposed to be about. Which is buying and holding equity in a company, not betting against them.

And is quite rightly being described as a casino play, which is exactly what most of this stuff is.

Dressing it in complex bullshit doesn't change that fact.
 
SunriseChampion said:
The run-up on these stocks was not due to false information, it was almost entirely due to a band of jokers getting together to try to put one over on short sellers who are greedy c**** who manipulate the market moving in regulatory grey areas.
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I'm aware. My concern is 'those others' discovering a whole new angle and pack or rubes to do their bidding.
 
what do u guys think will happen to GME stock price once all the shorts get squeezed out , there won't be any volume to keep driving the price higher, causing the newbies who bought gamestop at $100 to get destroyed when the prices plummets , the fundamentals will keep kick in at some point and newbies will be shocked

and yes you can hedge your portfolio by shorting , if you own an S&P 500 etf long term and you know a recession is coming but you don't want to sell off your entire position due to taxes , u can hedge by buying some put option to offset your loses (downside) during a recession
 
slickpete83 said:
what do u guys think will happen to GME stock price once all the shorts get squeezed out , there won't be any volume to keep driving the price higher, causing the newbies who bought gamestop at $100 to get destroyed when the prices plummets , the fundamentals will keep kick in at some point and newbies will be shocked
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Yeah, thanks tips. Nobody was saying this wouldn't happen.

We were saying that shorting stocks is bullshit and I was saying that I very much enjoyed Citron and that other hedge fund getting their comeuppance.
I don't care if the margin buyer Reddit crew get their comeuppance in turn.

It's all casino games to me as I've stated quite clearly up-thread.

Look, I don't even play with the table at the casino blackjack tables so don't look for sympathy from me. :D

slickpete83 said:
and yes you can hedge your portfolio by shorting , if you own an S&P 500 etf long term and you know a recession is coming but you don't want to sell off your entire position due to taxes , u can hedge by buying some put option to offset your loses (downside) during a recession
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Yes, I think we all know this. That wasn't the point.
 
afransen said:
Gamestop is going to issue equity. The company gets bailed out, and both the shorts and pump and dump crowd lose, and share price returns to something resembling sanity. Kind of like how AMC issued $300M in equity and recapitalized their business.
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exactly u got it👍, that's how it's gonna play out
but inexperienced media is making it out to be how newbie retail rebellious traders are gonna break Wall street lol... , by buying and never selling

don't get me wrong I'm rooting for the retail traders to win
 
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slickpete83 said:
exactly u got it👍, that's how it's gonna play out
but inexperienced media is making it out to be how newbie retail rebellious traders are gonna break Wall street lol... , by buying and never selling

don't get me wrong I'm rooting for the retail traders to win
Click to expand...
I don't like it, because all the newbie retail investors who think their 'stonks' are going to $1000/share seem to have forgotten these aren't bitcoins with fixed supply. They are going to be angry and feel betrayed when their stonks go back to a reasonable price after GME issues loads of equity. They will likely vilify management, even though this is the most predictable thing in the world.
 
for anyone who is long Silver , now might be a good time to take profits or go short , big double top has formed at the $30 USD level on the Silver futures ESIH21 contract on a daily bar chart 👍
 
slickpete83 said:
exactly u got it👍, that's how it's gonna play out
but inexperienced media is making it out to be how newbie retail rebellious traders are gonna break Wall street lol... , by buying and never selling
Click to expand...
Literally nobody is saying that.

What the hell media are you reading/listening to?
 
SunriseChampion said:
Literally nobody is saying that.

What the hell media are you reading/listening to?
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just Chill !!! you know what I'm talking about , the general mood of all the conversations on CITY TV , CBC etc..
listen to following podcast MacroVoices
starting at the 32 minute mark , they did a great job explaining it (retail traders/investors vs. wallstreet) and the stuff most people don't think about. worth the listen
https://open.spotify.com/episode/2lwKJRUucayVyBPinUhjGG?si=cQao4_6pSTutHol
hig14HQ&utm_source=copy-link
incase u dont have spotify
 

Tesla buys $1.5 billion worth of Bitcoin, says may accept it for payment for products in the 'near future'​


February 8, 2021

Telsa (TSLA) revealed in a securities filing that the electric car company has purchased $1.5 billion worth of Bitcoin and expects to accept the cryptocurrency for its products in the future.

“In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy,” the company wrote in a 10-K filing with the SEC.

According to the fling, Tesla said it expects to begin accepting Bitcoin as a form of payment for its products “in the near future,” where it’s permitted.

ca.finance.yahoo.com

Tesla buys $1.5 billion worth of bitcoin, says may accept it for payment for products in the 'near future'

Elon Musk recently said he thinks bitcoin is "on the verge of getting broad acceptance."
ca.finance.yahoo.com ca.finance.yahoo.com
 

WELL HEALTH TECHNOLOGIES TO ACQUIRE CRH MEDICAL FOR $373 MILLION CAD​


Feb 8, 2021

British Columbia’s WELL Health Technologies is set to acquire all issued and outstanding shares of fellow Vancouver health services company CRH Medical for $373 million CAD ($292.7 million USD). WELL Health plans to finance the transaction with a non-brokered private placement equity offering.

CRH Medical is a New York Stock Exchange-listed company that provides anesthesia for patients that undergo endoscopic procedures. Although it is based in Canada, CRH operates mainly in the United States. WELL Health is a Toronto Stock Exchange-listed healthtech firm that provides various health services in Canada and the US.

The proposed acquisition of CRH Medical is part of WELL Health’s plan to consolidate and modernize clinical and digital assets in the healthcare sector, and acts a gateway towards its expansion into the US healthcare market. The acquisition is expected to close in Q2 2021.

betakit.com

WELL Health Technologies to acquire CRH Medical for $373 million CAD | BetaKit

WELL Health Technologies is set to acquire all issued and outstanding shares of fellow Vancouver health services company CRH Medical for $373 million CAD.
betakit.com betakit.com
 
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