ClaytoAli Posted January 29, 2021 Share Posted January 29, 2021 Purchase confirmation taking over an hour. Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, tshile said: The problem is what @techboyhighlighted earlier. the hedge funds and the people that make the decision to short GMe the way they did, will likely come out fine one way or the other. the teachers, police, etc that have their retirements being invested by them won’t you can say the people running those unions should know better Wait, teachers unions were using Melvin Capital and/or other hedge fund managers to manage their retirement system investments? Link to comment Share on other sites More sharing options...
mcsluggo Posted January 29, 2021 Share Posted January 29, 2021 3 hours ago, Llevron said: We are probably going to have to set up some kind of government agency to openly monitor the internet for things like this. I mean think about how much advice packaged as jokes and political statements have hurt this country in just the last 5 years, and imagine how much it will if we dont regulate it. Donald Trump did this regularly, now that I think about it. He would say some wild outlandish **** and everyone would say its a joke to cover for him, and then he would try his best to bend the system and do it. You can argue it literally lead to the (continued) attacks on the capital. And I hate every word I just typed but I dont know how else you do it without relying on people to be smart. And I personally have no faith in that. i haven't really read or thought much about this subject.... but from a starting position i don't think it would be a negative to put "sand in the lubrication" of these fast transactions. If it is possible, automatically delay ALL transactions (say by 4 hours ?) get rid of both that inherent arbitrage opportunity, and the unfair advantage that instant traders get (most people get significanly delayed transactions, also). I also think there should be some sort of a Tobin tax. (a per transaction tax that is nominal enough that you barely notice it if you are just doing regular trading or balancing, but really ads up quickly if you are doing lightning arbitrage type transactions) Link to comment Share on other sites More sharing options...
Corcaigh Posted January 29, 2021 Share Posted January 29, 2021 (edited) 42 minutes ago, The Evil Genius said: Wait, teachers unions were using Melvin Capital and/or other hedge fund managers to manage their retirement system investments? Many pension funds invest in private equity and hedge funds. I don't know how much of their holdings, but it's very common. Here's one random example, the Chicago Police Pension Fund, where their policy is 9% PE or Hedge funds, plus other stuff. https://chipabf.org/perfreports/2020_q1_performance.pdf Edited January 29, 2021 by Corcaigh 1 Link to comment Share on other sites More sharing options...
techboy Posted January 29, 2021 Share Posted January 29, 2021 (edited) 46 minutes ago, The Evil Genius said: Wait, teachers unions were using Melvin Capital and/or other hedge fund managers to manage their retirement system investments? I don't know about Melvin Capital specifically, but as @Corcaighnotes, it's quite common for pension funds to invest in hedge funds because they frequently have (often unrealistically) high targets for return to keep up benefits without raising taxes. Hedge funds promise those returns. Until they explode. There's a reason Buffett won his famous bet where he pitted an S&P 500 index fund against a group of hedge funds, and as I recall, it wasn't even particularly close. Edited January 29, 2021 by techboy 1 Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 29, 2021 Share Posted January 29, 2021 Maybe I'm way off but it occurs to me that a large union (such as a real Chicago PD) should be chasing the more stable return rates rather than exposing itself to the whims of the rates seen occasionally with hedge funds. I guess I'm not educated enough on the processes but I always thought these largest retirement systems were more regulated and watched (and more conservative in their investments). Thx for the info guys. Link to comment Share on other sites More sharing options...
Llevron Posted January 29, 2021 Share Posted January 29, 2021 I dont think AMC is ever going to hit 20 again. Shame, I was really looking for it to go crazy like GME. I would have been set for a good little minute. I was that close yall 1 Link to comment Share on other sites More sharing options...
tshile Posted January 29, 2021 Share Posted January 29, 2021 (edited) Never mind I see this was addressed already Edited January 29, 2021 by tshile 1 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 29, 2021 Share Posted January 29, 2021 8 minutes ago, Llevron said: I dont think AMC is ever going to hit 20 again. Shame, I was really looking for it to go crazy like GME. I would have been set for a good little minute. I was that close yall Errr..ummm....errr... Hold the line...errr....something like that. 😠 1 3 Link to comment Share on other sites More sharing options...
The Evil Genius Posted January 29, 2021 Share Posted January 29, 2021 (edited) 8 minutes ago, BatteredFanSyndrome said: Errr..ummm....errr... Hold the line...errr....something like that. 😠 And 🚀🐕 💰 😆 Edited January 29, 2021 by The Evil Genius 1 Link to comment Share on other sites More sharing options...
BatteredFanSyndrome Posted January 29, 2021 Share Posted January 29, 2021 Those damn rockets 🚀. So alluring... 2 Link to comment Share on other sites More sharing options...
Springfield Posted January 29, 2021 Share Posted January 29, 2021 40 minutes ago, Llevron said: I dont think AMC is ever going to hit 20 again. Shame, I was really looking for it to go crazy like GME. I would have been set for a good little minute. I was that close yall Cmon now. Don’t give up. This is what they call “paper hands”. Link to comment Share on other sites More sharing options...
CousinsCowgirl84 Posted January 29, 2021 Share Posted January 29, 2021 My only feelings on this is that if you are gonna let people play games with stocks then you should pet everyone play games with stocks and that I hope all the newcomers to the game are prepared to take heavy losses. Link to comment Share on other sites More sharing options...
Llevron Posted January 29, 2021 Share Posted January 29, 2021 48 minutes ago, Springfield said: Cmon now. Don’t give up. This is what they call “paper hands”. I only sold half (for double my investment). I got it when it was under 5 so I’m good on this other half for the long haul now. Link to comment Share on other sites More sharing options...
Bonez3 Posted January 29, 2021 Share Posted January 29, 2021 7 hours ago, techboy said: The fact that you have to ask means you should really do some research before you try this kind of trading. For example, did you know that while going long caps theoretical losses at the value of the purchase (it can only go to 0), short positions have unlimited loss potential? Jeez, I was just asking a question... for a friend Link to comment Share on other sites More sharing options...
Springfield Posted January 29, 2021 Share Posted January 29, 2021 22 minutes ago, Llevron said: I only sold half (for double my investment). I got it when it was under 5 so I’m good on this other half for the long haul now. buy the dip and rocket ship 1 Link to comment Share on other sites More sharing options...
Llevron Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, Springfield said: buy the dip and rocket ship I DONT KNOW WHAT YOU’RE SAYING 3 Link to comment Share on other sites More sharing options...
Springfield Posted January 29, 2021 Share Posted January 29, 2021 12 minutes ago, Llevron said: I DONT KNOW WHAT YOU’RE SAYING Buy when the price goes down for gains when the price goes up. Its just that easy... Link to comment Share on other sites More sharing options...
Captain Wiggles Posted January 29, 2021 Share Posted January 29, 2021 (edited) It's a shame the few business classes I took in HS and CC didn't use dogs, Rockets, and or the moon as analogies for success in the stonks market and corporate world. I probably would have paid more attention. Edited January 29, 2021 by clietas 2 Link to comment Share on other sites More sharing options...
techboy Posted January 29, 2021 Share Posted January 29, 2021 29 minutes ago, Springfield said: Its just that easy... "Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it."- Will Rogers 2 2 Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted January 29, 2021 Share Posted January 29, 2021 2 hours ago, Llevron said: I dont think AMC is ever going to hit 20 again. Shame, I was really looking for it to go crazy like GME. I would have been set for a good little minute. I was that close yall that's exactly what the hedgefunds, Big Movie, and Big Retail Game Store want you to think 🤔 Link to comment Share on other sites More sharing options...
Mr. Sinister Posted January 29, 2021 Share Posted January 29, 2021 (edited) Anybody here secure the bag??? Edited January 29, 2021 by Mr. Sinister Link to comment Share on other sites More sharing options...
Barry.Randolphe Posted January 29, 2021 Share Posted January 29, 2021 Just now, Mr. Sinister said: Anybody here secure the bag??? it's not about the money we make off stonks, it's about the r-worded friendships we make along the way 3 Link to comment Share on other sites More sharing options...
Warhead36 Posted January 29, 2021 Share Posted January 29, 2021 I think AMC is a good bet to hold for the long term but I'm not sure it'll blow up like GME did. Link to comment Share on other sites More sharing options...
Mr. Sinister Posted January 29, 2021 Share Posted January 29, 2021 Just now, Barry.Randolphe said: it's not about the money we make off stonks, it's about the r-worded friendships we make along the way Thats the spirit 👊🏼 1 Link to comment Share on other sites More sharing options...
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