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valuearb
searching PlanetScale…
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23 ms
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241.
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valuearb
6y ago
GME was having 400% swings in a day, and being bought in a large part by brand new retail investors who had just opened accounts. That’s a perfect storm for nonpayment issues.
242.
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valuearb
6y ago
There is a two day closing period for stock sales. During that period the exchange needs colateral to ensure when the transaction closes it will be paid for. Typically this collateral is small, like 3% because most stocks aren’t volatile an
243.
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valuearb
6y ago
This is not true, you could buy GME at almost every broker except a handful too thinly capitalized to support their volume of GME trades.
244.
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valuearb
6y ago
Fidelity is the largest shareholder in many stocks, it has a massive amount of client funds.
245.
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valuearb
6y ago
Organizing a team to do the short squeeze. Though you can quibble on “organizing” part when it comes to WSB.
246.
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valuearb
6y ago
Probably? They grew only 22% last year and trade at over 25 times SALES.
247.
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valuearb
6y ago
Warren would tell him to stay away from Samsung. Not that it’s particularly overpriced, just that the kids portfolio size opens up enormous markets where far higher return investments lurk. When WEB started, he worked the pink sheets and sm
248.
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valuearb
6y ago
The article is extremely unclear. It can clearly read the way you thought it did, or it can be read as a default judgement vs. a defendant who didn’t respond at all. I think the key point, and one in your favor, is the judges comments. Why
249.
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valuearb
6y ago
Ironically the GME debacle has raised the value of both Reddit and Robinhood.
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valuearb
6y ago
He didn’t explain in trial, he never showed up.
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valuearb
6y ago
There is no convincing evidence of naked short selling in GME. And it’s always been considered market manipulation to coordinate groups of investors to make the same trade, since the 1920s. I don’t think anything done on WSB crossed the li
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valuearb
6y ago
Robinhood had a huge week last week in customer acquisition and most of those customers weren’t trading GME.
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valuearb
6y ago
The US doesn’t need hypersonic anti carrier missiles, since no potential adversary has any appreciable number of carriers.
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valuearb
6y ago
First you come up with a target. Then you find a propaganda theme to motivate the masses. Don’t say you are merely trying to get rich, tell them it’s a crusade against the 1%, or Wall Street itself, and build a story of evil men twirling mu
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valuearb
6y ago
It’s all conspiracies, all the way down.
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valuearb
6y ago
Temporarily taken away for a few hours, on a small set of platforms. Wow, first world problems are the worst.
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valuearb
6y ago
Terrible screen resolution? It had by far the largest screen resolution, double the size of its competitors. The only common criticisms were EDGE and the high price. Otherwise it was universally acclaimed.
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valuearb
6y ago
But please note that’s from WallStreetParade, I don’t know enough about securities law to say they are correct and they likely have their biases.
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valuearb
6y ago
He made enough to afford a GREAT lawyer, and the SEC has a reputation for settling easily. And doesn’t hurt that he’s a grass roots hero.
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valuearb
6y ago
Your theory makes sense. He was actually down something like $30M from his peak at end of day yesterday. He’s cashed out $13M and had like $10M left.
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valuearb
6y ago
And if they pull it off, they’d be worth $50 a share. That’s what DFV said himself.
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valuearb
6y ago
A Buffett story you might find interesting. He refuses to look at the stock price of any potential investment while he is doing his valuation for it. His thinking is if he falls in love with the business while reading their financial report
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valuearb
6y ago
DFV himself said that GME might be worth $50 a share if, and only if, the Cohen turnaround eventually takes.
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valuearb
6y ago
Chewy is an entirely different business model with little applicability to GameStop. You can’t download cat food and your console doesn’t die if you don’t buy it a physical game every single month.
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valuearb
6y ago
Jumping from frying pan to fire is now a good business strategy?
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valuearb
6y ago
Then you are not an investor, you are a trader. And if you are a trader, you shouldn’t be distracting yourself by writing code during market hours.
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valuearb
6y ago
Doesn’t matter what happened, it’s exactly the definition of market manipulation the SEC looks for. Again, he’s not you or me, he’s a licensed broker with specific restrictions and responsibilities. “ “Firms must have the ability to supervi
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valuearb
6y ago
It’s called DTCC collateral requirements. These are things you should know about if you are going to try to profit from a short squeeze.
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valuearb
6y ago
The captions on his YouTube videos stated GME could increase by 10x, while he was an active broker/supervisor at a licensed brokerage and money manager. And “ FINRA has strict rules for licensed brokers regarding use of social media. F
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valuearb
6y ago
Cramer doesn’t work for a licensed broker or investment manager, doesn’t have any active licenses, and has never had the level of licensing, including supervisory that Mr. Gill had as an active employee.
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