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THE GAMESTOP GAME HAS BEEN STOPPED.....THE REVERSE HOTEL CALIFORNIA 1/29/21

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Fact check: "True." Started accumulating various miner shares beginning ~2001. There was no GDX or GDXJ yet, so I assembled a basket of them on my own.  We bought our house from our landlady in A

Jorma I think there are two separate issues here: 1/ Issue One...getting out of the wrecked motor vehicle that are their shorts. This requires buying back stock....sooner or later. Where are

6 hours ago, DrStool said:

  I'm giving Jimbo, our new chief splainer, the lead again. Jimbo, take it away! 

 

Every time I hear the phrase "hedge" fund these days I want to grit my teeth. So many of these funds have put the concept of hedging so far in the rear view mirror that the term seems to be nothing more than an anachronism at this point. With Jimbo's gift of turning a phrase, perhaps he can craft a new, more applicable term. Something of which Henley or Frey would have been proud. Bonus points for working in a Hotel California reference to "they stab it with their steely knives, but they just can't kill the beast." 🙂 

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I actually stayed in the Hotel California in Malaga Spain in 2016. After I got home from that trip I had a heart attack and flatlined in surgery. Fortunately, I was able to check back in. 

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10 minutes ago, DrStool said:

I actually stayed in the Hotel California in Malaga Spain in 2016. After I got home from that trip I had a heart attack and flatlined in surgery. Fortunately, I was able to check back in. 

There's one up the road from me in Todos Santos, Mexico as well. Small, boutique hotel, pretty cool spot. The Eagles sued it a number of years ago, alleging it was trying to capitalize on the song, despite the fact that the hotel was opened (and named Hotel California) in something like 1950 and the song was recorded in the mid 70's. Too bad they didn't just Take It Easy and Get Over It. Maybe One of These Nights they will, or maybe when Hell Freezes Over. 

I'll see myself out now, lest I have a Heartache Tonight, like you did in surgery.

Apropos of well, something, geez I'm bored these days. 

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Have to say. A lot of the crap I am reading on gold and silver from reddit, gold promoters, and dealers is absolute garbage. The Comex comments are completely misguided. Buying ETFs, PSLV and other securities in the hope of breaking the system is only feeding the system. This emotional mob mentality has given a license for any idiot to get 15 minutes of fame.   I really see many on twitter for who they really are, opportunist. Taking delivery of physical metal is the only way to force change, not giving these programs more money.

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2 hours ago, DrStool said:

Completely rebounded from JNJ vaccine results.

NVAX must be the vaccine that counts.........It is not even 90%.

"Novavax (NVAX) was surging past 63% after the US vaccine maker said its COVID-19 vaccine candidate NVX-CoV2373 has met its primary endpoint, showing efficacy of 89.3% in a late-stage trial in the UK."

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They say that if you throw enough shit against the barn door some of it will stick.

Well, that may be true, but some of it rebounds and hits you in the face.  

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2 minutes ago, DrStool said:

They say that if you throw enough shit against the barn door some of it will stick.

Well, that may be true, but some of it rebounds and hits you in the face.  

Don't forget to wear a glove and do avoid rubbing your eyes or scratching.......😃

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20 minutes ago, potatohead said:

Have to say. A lot of the crap I am reading on gold and silver from reddit, gold promoters, and dealers is absolute garbage. The Comex comments are completely misguided. Buying ETFs, PSLV and other securities in the hope of breaking the system is only feeding the system. This emotional mob mentality has given a license for any idiot to get 15 minutes of fame.   I really see many on twitter for who they really are, opportunist. Taking delivery of physical metal is the only way to force change, not giving these programs more money.

Apologies for the long post below, but your sentence bolded above struck a chord with me. I don't know why I should be surprised by this, but I have read more thoughtful and interesting comments and theories (whether right, wrong, or crazy) about the GME and AMC sagas on a Nebraska Cornhusker fan website than I have heard on Crapvision or Fox Business all week. Nebraska fans have been wandering in the crappy football desert for more than 20 years, so apparently they have lots of time on their hands to opine about other things these days, to wit:

"You guys are crazy if you think retail is the one making out like bandits here. Who do you think controlled the extreme majority of shares in all these products before the action began? Wall Street will make out like bandits once again and guess who will be holding $500 Gamestop bags when the music stops? Not Wall Street."

"I'm also amused that you will believe the media when they say reddit is responsible for this parabolic rise but then turn around and accuse them of lying when they claim the short funds have covered. Who do you think controls the media? Money talks."

And:

"I guess I should be a little more clear in what I think happened. Somebody out there does not like Melvin Capital for whatever reason. Rich vs. rich grudge or maybe just an opportunity spotted. I say this because if you look at Melvin Capital's short positions, it seems like a huge percentage of them have been under blistering attack going back many months.  

So what do you do after you have accumulated a huge base of these shorted stocks? You hire a few smart marketing/computer people and begin an anonymous campaign on reddit and social media to buy all these stocks up. There are a million anonymous accounts on WSB. How do the "unwashed masses" tell the difference between any old anonymous account and a bot posting to buy these stocks multiple times per day? They don't. They just assume other retail are on board with this operation and buy buy buy.  

'We're sticking it to the big guy, let's go!' is the rallying cry.

When the operation becomes a smashing success, you bring the traditional media into it and begin to cash out of your positions at major profit levels. The media confirms the retail bias and voila, retail stuck holding $500 bags on a stock that was trading for $3 last year.  

No different than the Bitcoin playbook."

*********

"Everyday people aren't dropping multi-million dollar block trades across multiple short-squeezed stocks at the same exact time every day. This is the rich targeting the rich. The "everyday people" are simply being used as pawns in this thing. Someone is gonna get the ass end of the deal."

******

"Again, not retail winning here. Retail got played and the media did its part to help fuel it." https://www.wsj.com/articles/silver-lake-converts-amc-debt-to-equity-as-cinema-chains-stock-price-soars-11611842367

*******

And, if you like them pithy:

"When a hedge fund blows up 1,000,000 retail investors, that's an efficient market. When 1,000,000 retail investors target a hedge fund, that's market manipulation."

"I thought I was a financial genius when I bought AMC at 2 and sold at 5."

"First the internet changed porn...then gambling...now it is changing the stock market!" 

"More exciting than Alabama v Ohio State."

Source, for the masochists among us: https://nebraska.forums.rivals.com/threads/ot-gme.288866/

 

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