blonde poker forum

Saw a few mentions of this over the last few days, and pretty crazy stuff :D

YouTube: http://www.youtube.com/watch?v=9ToOGrUQ7ME

Really interesting, thing ima be disappearing into these reddits for a few days

:D

Think they're doing AMC at the moment.

Someone popped onto Joe Ingram's livestream of Negreanu vs Polk and dropped him $100 as he'd had a good day on 'Gamestop'.

After they did that, a few of the people started chatting and I had a look about. Then this popped on their channel, which I follow every day.

I’ve been obsessed with watching this all day - even with no shares myself I’m really rooting for these guys to crush the shorties.

(https://pbs.twimg.com/media/EswtAC0UUAAGGog?format=jpg&name=small)

On Twitter ~10m ago :D

NBC NEWS: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners

I don't really like the separation between shorters and the people pumping the shares.  People have been pumping up crappy stocks on bulletin boards for such a long time, and some are massive scumbags too.  Shorters take serious risks with their own money,  so the hero/villian line can be pretty blurry.  Well done to those who originally spotted the opportunity here. 

There are bound to be some serious losers here, as the stock looks a bit of a basket cases.  It will end badly, just like it did with the bitcoin late adopters :/  Don't do it Marky.

Short squeezes are great for schadenfreude though.
 https://www.ft.com/content/0a58b63a-4294-3e07-8390-c3aabef39a26 (https://www.ft.com/content/0a58b63a-4294-3e07-8390-c3aabef39a26)

If you are paywall'd out [url[https://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920081028[/url]

This is brilliantly written by Michael Lewis and it is about a previous teenage market manipulator.

https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricular-activities.html (https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricular-activities.html)

You have to subscribe to the failing New York Times to read it, but it is free and you can decline to get contacted.  I don't know how well that works as I have only just done it.  It is probably worth doing just to read this.   I wish I could write like he does.

great article. Really enjoyed it.

The whole thing is fascinating.


https://www.bbc.co.uk/news/business-55837519

"If we see a significant rise in the chatter on social media... and we also match that up against unusual trading activity, we will potentially halt that stock to allow ourselves to investigate the situation," Ms Friedman said on CNBC.

Wall Street have been doing this via the main stream media for years. They make s**t up to manipulate share prices and profit from it enormously.

One things for sure, now it's become mainstream it won't be long before there's a huge fall. The greedy are about to get heavily involved.....

I don't think there is that much significant share price manipulation really takes place.  The largest institutional investors don't do this, and couldn't risk their reputation by doing so.  A lot of shorters are just gambling better on published information.  I don't really buy the "others are doing this too" line though there will always be some shitty behaviour somewhere if people are involved.

There is clearly some serious manipulation going on here, and the previous price is way more likely to be "right" than the current one.  Many of the small guys are going to get burned here along with the shorters.

I'm just enjoying the view, same as Bitcoin :)

oh

https://www.theguardian.com/business/2021/jan/28/gamestop-shares-robinhood-app-ban-blackberry-amc-nokia-reddit (https://www.theguardian.com/business/2021/jan/28/gamestop-shares-robinhood-app-ban-blackberry-amc-nokia-reddit)

edit

Seems like there is still life in the old dog

https://www.marketwatch.com/investing/stock/gme (https://www.marketwatch.com/investing/stock/gme)

day price range 112 to 483!

https://twitter.com/MrBrownEyes2020/status/1354517070873038849

Good read :D

Agree with this - at first glance it's a bit of a jape sticking it in the eye of hedge funds. Other than that it's very reminiscent of the ramping during the dot com boom. In this notional collective of amateur investors will be  a decent number of very skilled traders manipulating everyone else to their end. The best trick here is getting so many people to buy with the perspective of who cares if i lose a few hundo as long as I'm sticking it Wall Street. Actually, you are just lining the pockets of other slick operators who aren't running hedge funds.

No doubt if you're brave enough, quick enough and a good trader some small fortunes will get made here, as with Bitcoin, especially if buyers are still being attracted by the 'game'. Ultimately though, where can it end when there isn't the intrinsic value to support the price.

That said, with BTC, I'm not sure I'll live long enough to see the queue of buyers end, especially now so many institutions are involved as well.

Oh, do feel free to buy Blackberry and Nokia stock though, follow me in, it's golden.

YouTube: http://www.youtube.com/watch?v=b3rzG162Igg

Breaks it down nicely for simpletons like me.

Only thing I know how to run-up, is a bar bill!

Quite right what Ocasio-Cortez & Kasparian say, imo.

How this was always going to end?

https://www.bbc.co.uk/news/business-56106824 (https://www.bbc.co.uk/news/business-56106824)

Roaring kitty looks like a proper villain.  He must be crying into his millions about losing his job.

Even if he is innocent of this it's going to be so hard convincing anyone that he didn't do it for personal gain.

I don't know the US rules, but over here they have rules against market manipulation and acting as a concert party (building a big stake).  Very few people ever get found guilty here, so if he was here he would probably be fine.  I think these crimes are hard to prove to a jury, and there usually is an alternative honest explanation that introduces doubt. 

The aggravating factor is he worked for an investment company and if he were here, I think he could fall foul of the regulator.  I don't think that will matter to him too much, as if he has been wise and sold a bunch,  he'd have made more than enough to not worry about working in financial services for a long time.