abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 1 minute ago, 9 Nines said: There is nothing wrong with short selling or options. Options are not intended as some get rich quick screen, they are primarily hedging tools. Read 'Characteristics and Risks of Standardized Options' which if you have the ability to trade options you legally stated you received it to your brokerage. I'm well aware of how options work, I've been trading them for years. Options aren't primarily hedging tools, they are used for leverage to maximize gains. The short squeeze strategy has been around for decades and no one ever had an issue with it before today. Now all of a sudden it's not fair? LOL Do you even know what a hedge fund is? It's a bunch of people pooling their money to make the same investment and create leverage by doing so. Typically, hedge funds also engage in more risky investments using leverage to profit. Feel free to explain why we should be protecting hedge funds and "established traders" whatever that means, more than investment groups or clubs. oldschool, and heyitsmeallen 2 Link to post Share on other sites More sharing options...
9 Nines Posted January 28, 2021 Report Share Posted January 28, 2021 (edited) You guys are the Qanon of the investment world. I am really scared that next time I read this message thread, someone is going to suggest hedge fund managers live in tunnels eating children. Edited January 28, 2021 by 9 Nines OILERMAN, and Number9 2 Link to post Share on other sites More sharing options...
abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 I'm not even close to an anti-establishment guy but what happened with Gamestop is long overdue. @9 Nines perhaps you can explain why only some people are allowed to participate in IPO's and others are excluded? Shouldn't we be protecting everyone's right to invest equally? oldschool, and Number9 1 1 Link to post Share on other sites More sharing options...
abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 subreddit is back up! TitansFan777, and Number9 1 1 Link to post Share on other sites More sharing options...
Jamalisms Posted January 28, 2021 Report Share Posted January 28, 2021 OilerTitanHybrid, and Number9 1 1 Link to post Share on other sites More sharing options...
oldschool Posted January 28, 2021 Report Share Posted January 28, 2021 1 minute ago, abenjami said: I'm well aware of how options work, I've been trading them for years. Options aren't primarily hedging tools, they are used for leverage to maximize gains. The short squeeze strategy has been around for decades and no one ever had an issue with it before today. Now all of a sudden it's not fair? LOL Do you even know what a hedge fund is? It's a bunch of people pooling their money to make the same investment and create leverage by doing so. Typically, hedge funds also engage in more risky investments using leverage to profit. Feel free to explain why we should be protecting hedge funds and "established traders" whatever that means, more than investment groups or clubs. This is spot on. Melvin and Citron gamed the system and were over exposed raking in money. A bunch of retailers got together and said fuck you, we are going to expose you for what you did and make money in the process. Anyone who thinks the the retailers did something wrong here is crazy. heyitsmeallen 1 Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 28, 2021 Report Share Posted January 28, 2021 The subreddit is back and the prices are rising. I hope you guys bought the dip. Link to post Share on other sites More sharing options...
Jamalisms Posted January 28, 2021 Report Share Posted January 28, 2021 7 minutes ago, 9 Nines said: You guys are the Qanon of the investment world. I am really scared that next time I read this message thread, someone is going to suggest hedge fund managers live in tunnels eating children. Serious question what do you make of the situation where they banned WallStreetBets on multiple services right as AH trading hits (many retail investors get shut out) and the stocks all tank? It strikes me as obvious coordinated retaliation. heyitsmeallen 1 Link to post Share on other sites More sharing options...
oldschool Posted January 28, 2021 Report Share Posted January 28, 2021 5 minutes ago, abenjami said: I'm not even close to an anti-establishment guy but what happened with Gamestop is long overdue. @9 Nines perhaps you can explain why only some people are allowed to participate in IPO's and others are excluded? Shouldn't we be protecting everyone's right to invest equally? Exactly. I would have made hundreds of thousands off the snowflake IPO last year if I was allowed into the circle. I know a guy with millions who was also locked out. I'm liquid, make great money, and have the portfolio to play and yet I can't get a seat at the table. It's about time someone exposed these elitist fucks. abenjami 1 Link to post Share on other sites More sharing options...
abenjami Posted January 28, 2021 Author Report Share Posted January 28, 2021 @heyitsmeallen in case wsb goes down again... https://www.reddit.com/r/wallstreetbets2/ https://www.reddit.com/r/WSBAfterHours/ https://www.reddit.com/r/wallstreetbetsnew/ heyitsmeallen 1 Link to post Share on other sites More sharing options...
heyitsmeallen Posted January 28, 2021 Report Share Posted January 28, 2021 1 minute ago, abenjami said: @heyitsmeallen in case wsb goes down again... https://www.reddit.com/r/wallstreetbets2/ https://www.reddit.com/r/WSBAfterHours/ https://www.reddit.com/r/wallstreetbetsnew/ They also made this one. https://www.reddit.com/r/StonkTraders/ abenjami 1 Link to post Share on other sites More sharing options...
9 Nines Posted January 28, 2021 Report Share Posted January 28, 2021 3 minutes ago, Jamalisms said: Serious question what do you make of the situation where they banned WallStreetBets on multiple services right as AH trading hits (many retail investors get shut out) and the stocks all tank ... is obvious coordinated retaliation? I have no idea why they went down. Could have been a legal call from the companies, or legal pressure. I was working for an energy trading company in the late 1990s and early 2000s. In 1999, a few on the trade floor were spending as much or more time in their personal stock accounts than trading their company gas/power/weather books, and almost all were trading equity to some degree. Some knew about a negative situation with a large public energy company and some traded on it. A week or so later, all received a letter from the legal department of the employer company reminding them about insider trading, duties in their employed roles, etc. Getting on elevator, some looked at each other, "get the letter?" answered with "yep," Nothing more was said and the personal trading lessened. Perhaps the same thing happened here. Link to post Share on other sites More sharing options...
Jamalisms Posted January 28, 2021 Report Share Posted January 28, 2021 2 minutes ago, 9 Nines said: I have no idea why they went down. Could have been a legal call from the companies, or legal pressure. I was working for an energy trading company in the late 1990s and early 2000s. In 1999, a few on the trade floor were spending as much or more time in their personal stock accounts than trading their company gas/power/weather books, and almost all were trading equity to some degree. Some knew about a negative situation with a large public energy company and some traded on it. A week or so later, all received a letter from the legal department of the employer company reminding them about insider trading, duties in their employed roles, etc. Getting on elevator, some looked at each other, "get the letter?" answered with "yep," Nothing more was said and the personal trading lessened. Perhaps the same thing happened here. Your theory is both reddit and discord, who they don't work for, banned them for insider trading? heyitsmeallen 1 Link to post Share on other sites More sharing options...
Titans279 Posted January 28, 2021 Report Share Posted January 28, 2021 Discord did shut it down but the wsb mods themselves took down the subreddit which is back up now. https://www.reddit.com/r/wallstreetbets/comments/l6j4r9/where_do_we_go_from_here_and_who_is_going_to_step/ Link to post Share on other sites More sharing options...
9 Nines Posted January 28, 2021 Report Share Posted January 28, 2021 (edited) 13 minutes ago, oldschool said: Exactly. I would have made hundreds of thousands off the snowflake IPO last year if I was allowed into the circle. I know a guy with millions who was also locked out. I'm liquid, make great money, and have the portfolio to play and yet I can't get a seat at the table. It's about time someone exposed these elitist fucks. They have more buyers than allotted shares, and on popular IPO issues, they have overwhelmingly more buyers - so most are not going to get it. I got a few IPOs, but way more I did not. As I understand it, they do not weight your chances by how much money you have, although it works out that way often because how they do weight you chances is by how often you buy IPOs. If you you buy almost every IPO offered, then you are probably going to get every IPO you try to buy. If you never buy IPOs and then put your first order for one on Facebook's IPO, you are not going to get it, unless very very lucky randomly winning a very low odds draw because even in that situation you have a random chance, just weighted lower, as they tier your chances by your activity level as I recall. Edited January 28, 2021 by 9 Nines Link to post Share on other sites More sharing options...
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