cbozeman

66 ms·

691.
by cbozeman 6y ago
Well you definitely didn't understand it then. The researchers who study the fields he's referencing agree with most everything he said. Hell, a few of them even gave interviews saying he was about, "90% correct". He was
692.
by cbozeman 6y ago
Have you never seen Star Trek in all your life? The needs of the many outweigh the needs of the few.
693.
by cbozeman 6y ago
I thought you were a troll the first time you posted some ridiculous bullshit to one of my posts, but now I'm sure. The sad part is, you forgot your own rule. You got your feefees hurt (which was clearly bullshit also) and said you wer
694.
by cbozeman 6y ago
> But aren't stock prices almost entirely about future performance? This depends on what kind of investor you are. Do you believe the market is entirely rational and depends on the underlying fundamentals of a company? Or do you bel
695.
by cbozeman 6y ago
Right. GME market cap was $250 million at a time when the company had literally $1 billion in assets. For people wondering, "Well why didn't some behemoth like Sequoia Capital or BlackRock just swoop in and load up?" When pur
696.
by cbozeman 6y ago
Hedge funds are down $70 billion over this, so I'm pretty sure there's some accuracy. And no, its not all GameStop, but $GME is a driver. https://www.reuters.com/article/us-retail-trading-shortbets-...
697.
by cbozeman 6y ago
This was one scenario were the shorts really did have it wrong. GameStop's financials were and are pretty solid. There was no reason to short the stock so heavily, which is why they're in the trouble that they're in right now
698.
by cbozeman 6y ago
This is not how WallStreetBets started. I joined the community in 2017 and I can tell you, there was high-level due diligence going on that made me wonder if some of the people posting might also be working at large investment banks, but co
699.
by cbozeman 6y ago
Institutional investors don't use Robinhood. But yes, they were able to buy & sell $GME. However, anyone with a Fidelity account could also. Fidelity has the liquidity to handle a system shock, unlike Robinhood / Webull &#x2
700.
by cbozeman 6y ago
No. You aren't misunderstanding anything. That's exactly what happened. The "problem" here, is that the little guys noticed. Michael Burry and some unknown YouTuber saw this over a year ago and started buying GameStop, a
701.
by cbozeman 6y ago
Its easy for a stock to decrease in value when most of the American trading platforms don't allow Americans to buy it.
702.
by cbozeman 6y ago
> Or is it normal for brokers to independently halt trades on stocks they deem too risky? Absolutely not, and I almost typed "LOL" in front of that because your question - while genuine and sincere - is so ridiculous in the con
703.
by cbozeman 6y ago
I can't remember the movie. Can't even remember the actor, but... "What. the fuck. are you talking about?!" Tesla's price-to-earnings ratio is 1660. Why didn't TSLA buying get shut down? OH yeah, because a shit
704.
by cbozeman 6y ago
> So you're claiming that they lost the entire fund, and are just... pretending it didn't happen? Yes. That's right. You've exactly understood it. > is there any evidence that they had a completely un-hedged positi
705.
by cbozeman 6y ago
Since Melvin shorted the stock, there's potentially no limit to their losses, we're just at -21.5 billion right now. Who knows! At this rate we might end up -100 billion by Friday... up is down and right is left in this crazy new
706.
by cbozeman 6y ago
Your answer was far better than mine. Thank you for this post.
707.
by cbozeman 6y ago
> Doesn't it seem to you like something is fundamentally worse about politics now than it was 20 years ago? Yeah, but this has nothing to do with social media in my estimation. It has everything to do with the elites of the world, b
708.
by cbozeman 6y ago
Maybe some day people will acknowledge that the Universe isn't a pleasant place and that sometimes you're going to be exposed to unpleasant shit, and you need to cultivate some fortitude to deal with it.
709.
by cbozeman 6y ago
> it has a responsibility to avoid spreading Hateful propoganda Maybe people have a responsibility to themselves to ascertain the truth themselves, without Big Brother telling them what to think, when to think it, and how to think about
710.
by cbozeman 6y ago
That's right... I actually thought I had typed "Dr.". Strange! I'll make the correction.
711.
by cbozeman 6y ago
Indeed, I got my dates wrong. Thank you for the correction!
712.
by cbozeman 6y ago
The endgame is the destruction of Melvin Capital, and that's going to happen no matter what. No one can swoop in and just tank the stock price. Even if BlackRock were to dump all their shares before Friday, it likely still wouldn'
713.
by cbozeman 6y ago
> but wonder if with more EU like moderation a better site could be formed. > If a UK citizen were to post as offensively as a US citizen they would and have been arrested. The idea of posting something and being arrested disgusts me.
714.
by cbozeman 6y ago
Its the last part of #4 that we have to prevent. > but avoiding a complete loss of control We need the complete loss of control. Corporations control entirely too much of American, and really, worldwide, life as it is. We can't give
715.
by cbozeman 6y ago
By "radicalized" he means, "Will cause them to buy and hold more GameStop to continue the pain until Wall Street learns to back down." Diamond hands all the way. They had the chance to take it on the chin like a man, but
716.
by cbozeman 6y ago
The worst, or maybe the best, part of your post is that you don't realize the American youth from the 60s literally created this generation with their greed and entitlement.
717.
by cbozeman 6y ago
Well they messed with the retards, and they're about to get the strength come tomorrow. Diamond hands all the way.
718.
by cbozeman 6y ago
> you're going to find some very well financed, planned player. You're going to find Dr. Michael Burry. He started buying GameStop under his Scion Capital shop back in June 2020, and /u/DeepFuckingValue on Reddit &#x2
719.
by cbozeman 6y ago
It wasn't David vs. Goliath. CNBC, Financial Times, WSJ, etc. can't tell you what it really was, because they're beholden to all these Wall Street types. They don't get stories unless their relationships are cordial. T
720.
by cbozeman 6y ago
> Which is why the fines are always greater than the net gains. The $3 billion in fines Wells Fargo paid versus the multiple billions it made from 2002-2015. The bank has almost $2 trillion in assets as of 2020. > Do you think the SEC

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