joncrane

23 ms·

271.
by joncrane 6y ago
Hanlon's razor is "Never ascribe to malice that which is sufficiently explained by incompetence." The "incompetence" explanation is that RH is a baby newcomer as far as retail brokerages go and made a desperate move
272.
by joncrane 6y ago
Yes they do and it's in the TOS of every single retail brokerage account you sign up for.
273.
by joncrane 6y ago
So here's the thing: there's plausible deniability at play here. RH isn't the only brokerage to suspend/limit trading in volatile stocks. The reason given (liquidity issues for the broker and clearinghouse) is entirely
274.
by joncrane 6y ago
Is it really in a tough position, though? I'm pretty sure they have the right to suspend/restrict trading in any security at their sole discretion. Yes they have to spend time and money defending these lawsuits but they are mostl
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by joncrane 6y ago
>Wow - you spent 6 months building and it’s time to deploy? The security team really hates CYZ tech and we’ll have to escalate this to the director This right here! The "cyber" folks always throw a wrench in the works at the l
276.
by joncrane 6y ago
Gamma squeeze has to do with options, short squeeze has to do with just stock. Therefore the gamma squeeze has a timing component, while short squeeze can happen at any time irrespective of when options expire.
277.
by joncrane 6y ago
When I signed up for IB I had to check a box that permits IB to loan out my shares for a small fee. I'm not sure if a broker can loan out a client's shares without the client's approval. It may be fine print in the TOS, thou
278.
by joncrane 6y ago
Shorting doesn't only mean short stock. You can be short call options, and if they are in the money, the holder of the contract can exercise his or her option, which forces the seller of the contract to provide shares at whatever pric
279.
by joncrane 6y ago
The value of a big index fund going to zero is so inconceivable as to be hardly worth considering. That would mean that ALL 500 of the US' largest companies by market cap all go completely bankrupt WITHIN ONE CALENDAR YEAR. I think if
280.
by joncrane 6y ago
In this case the retail brokerages have suspended or greatly curtailed opening new positions on GME, which has a similar result: stabilizing prices. Just as the buying might be coordinated effort by readers of reddit, the suspension of buyi
281.
by joncrane 6y ago
Preventing purchase orders would cause the stock price to go down. The funds short the stock gain wealth from the stock price declining. Holders of the stock lose wealth. Clients who want to buy "lose" the opportunity to gain wea
282.
by joncrane 6y ago
I believe the statements were worded in such a way to try to make people believe that the short squeeze was no longer in play, but the short interest in fact never changed and maybe even went up. I believe they were also worded in a way to
283.
by joncrane 6y ago
I think this is a bit of a disingenuous approach. There's a slippery slope here. Just because "humanity, including giant healthcare conglomerates who stood to profit came together to fast track vaccines against a deadly global pa
284.
by joncrane 6y ago
I just tried to buy AMC options and IB told me I'm still restricted to only closing positions related to that security. I have plenty of funds available.
285.
by joncrane 6y ago
Exactly. Many controversial instagrammers create a backup instagram account that they only barely use, and occasionally refer to. If their "primary" account gets banned, the backup already exists and has a history. I suspect peo
286.
by joncrane 6y ago
Did you report them to a regulator?
287.
by joncrane 6y ago
Are you sure? Won't markets get more efficient and the squeeze start earlier (before it gets to 100% short interest)? Surely there will be more caution on the shorters' side (and perhaps earlier exits) and faster uptake on the s
288.
by joncrane 6y ago
But even in a margin account, the broker just "does it" and it shows up as an order after the fact, not one you can see in advance and cancel, AFAIK.
289.
by joncrane 6y ago
what on earth?!?! I can understand mandatory liquidation due to margin requirements. But AFAIK those don't show up as "orders" on your account that you can see in time to try to cancel.
290.
by joncrane 6y ago
Most other major retail brokers are also locking out GME, AMC, and co. For example Interactive Brokers and Revolut have followed suit. I believe Ameritrade is also restricting trading.
291.
by joncrane 6y ago
so has Interactive Brokers and a few others.
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by joncrane 6y ago
How convenient that people are now "allowed" to close their positions, now that the number of counterparties to that trade is dramatically reduced...
293.
by joncrane 6y ago
What would the water treatment for rainwater look like?
294.
by joncrane 6y ago
I believe up until noon the website was "whitehouse.gov" and now that he's no longer POTUS it's trumpwhitehouse.archives.gov
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by joncrane 6y ago
I believe Trump's policy was that anyone that contributed something on the order of $1-2 million to whatever he's calling his slush fund these days (Re-election campaign? Legal defense fund?) is eligible for pardon.
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by joncrane 6y ago
Nice detective work!
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by joncrane 6y ago
I know in combat zones military cargo planes haul ass at much steeper angles than commercial flights because comfort is not an issue. Mostly to get out of rocket/missle range. Even small arms fire can damage engines. on 9/11 it
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by joncrane 6y ago
Do you think it's possible that Air Force One Pilots are instructed to land at unconventional spots on the runway to foil potential threats? Perhaps even to land at different spots on the runway on different landings? I know it sounds
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by joncrane 6y ago
Closing and locking are two different things.
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by joncrane 6y ago
Start with the links at the bottom of OP's article and go from there!

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