Author Topic: New To Investing Thread (Read 335975 times)

steve dave · « **Reply #3400 on:** February 02, 2021, 07:17:33 PM »

Where exactly do you believe these short positions are?

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wetwillie · « **Reply #3401 on:** February 02, 2021, 07:22:43 PM »

Quote from: steve dave on February 02, 2021, 07:17:33 PM

Where exactly do you believe these short positions are?

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Covered at the expense of the idiots who bought at $400?

Kat Kid · « **Reply #3402 on:** February 02, 2021, 07:40:52 PM »

There are definitely a lot of people that bought puts when it went nuts, but the shorts already got their asses blown out. That already happened and is part of the reason the stock lost momentum.

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steve dave · « **Reply #3403 on:** February 02, 2021, 07:57:45 PM »

yes

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sys · « **Reply #3404 on:** February 02, 2021, 09:49:39 PM »

i think a lot of the old shorts got killed, but some new shorts made a lot of money. it's still at $90, if mgmt lets it fall all the way to nothing without raising capital shareholders should riot.

steve dave · « **Reply #3405 on:** February 02, 2021, 10:01:47 PM »

yes

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puniraptor · « **Reply #3406 on:** February 03, 2021, 06:32:28 AM »

I got into webull (Chinese military intelligence op) for 4 free stock promo! (they all suck)

It is way more power user day trader oriented than robinhood, pretty wacky.

One interesting thing is that webull tells you when they loan out your stocks and pays you a share of the interest compared to how robinhood does it in secret and keeps the fees.

steve dave · « **Reply #3407 on:** February 03, 2021, 08:29:08 AM »

I have 4 different brokerage accounts, lmao.

RH: only crypto

Vanguard: only ETFs on auto each month. 401k is here too otherwise I’d do this elsewhere.

Ameritrade: zero balance but haven’t closed. Used to be primary.

Schwab: new primary for stonks. After they acquired TD I figured I’d beat them to the punch and just move there now. Feels very grown up and mature. Fancy

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sys · « **Reply #3408 on:** February 03, 2021, 08:47:28 AM »

i found this discussion informative on what pressures option positions create on markets for the underlying securities as well as other stuff. focused on the recent gme story, obviously.

https://podcasts.apple.com/us/podcast/benn-eifert-explains-how-retail-trading-is-rocking/id1056200096?i=1000507547839

sys · « **Reply #3409 on:** February 03, 2021, 08:49:13 AM »

i don't really understand the point of robinhood/webull, whatever. is it just that they're more convenient to access on a phone?

steve dave · « **Reply #3410 on:** February 03, 2021, 08:55:05 AM »

Quote from: sys on February 03, 2021, 08:49:13 AM

i don't really understand the point of robinhood/webull, whatever. is it just that they're more convenient to access on a phone?

I’m not current on it but believe most of their original advantages no longer exist. I only use it because they have no fee crypto trading (though I assume I’m getting absolutely owned on spreads).

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slackcat · « **Reply #3411 on:** February 03, 2021, 09:03:38 AM »

I would like to thank Sen. Schumer for pushing my

stock through the roof.

chum1 · « **Reply #3412 on:** February 03, 2021, 09:06:00 AM »

Yeah, they were definitely a little less expensive to use initially. Nowadays, though, the "giving Wall Street to the common man through technology" stuff is like pure Silicon Valley startup marketing. Which I love.

Jobu · « **Reply #3413 on:** February 03, 2021, 09:08:39 AM »

I've been investing in lottery futures lately. Not going great. I do currently possess a $4 winning ticket. Thinking about rolling it back in, but might also use it on a tall boy. Thoughts?

star seed 7 · « **Reply #3414 on:** February 03, 2021, 09:14:02 AM »

Jobu · « **Reply #3415 on:** February 03, 2021, 09:23:28 AM »

Quote from: star seed 7 on February 03, 2021, 09:14:02 AM

Indeed. This was my thought as well.

yoga-like_abana · « **Reply #3416 on:** February 03, 2021, 09:46:16 AM »

steve dave is it time to invest in this? https://news.bloomberglaw.com/environment-and-energy/first-ever-us-mining-of-rare-metals-could-come-from-nebraska

BIG APPLE CAT · « **Reply #3417 on:** February 03, 2021, 09:59:44 AM »

HOLD THE MINE

Institutional Control · « **Reply #3418 on:** February 03, 2021, 10:33:01 AM »

Quote from: Jobu on February 03, 2021, 09:08:39 AM

I've been investing in lottery futures lately. Not going great. I do currently possess a $4 winning ticket. Thinking about rolling it back in, but might also use it on a tall boy. Thoughts?

If you need tips, lmk. I recently won MegaMillions.

slackcat · « **Reply #3419 on:** February 03, 2021, 01:06:51 PM »

Quote from: yoga-like_abana on February 03, 2021, 09:46:16 AM

steve dave is it time to invest in this? https://news.bloomberglaw.com/environment-and-energy/first-ever-us-mining-of-rare-metals-could-come-from-nebraska

trading at .60$

puniraptor · « **Reply #3420 on:** February 03, 2021, 07:23:21 PM »

to cover a short, do they have to buy all the shares at once to return? or can the piecemeal buy and return one share at a time? or they can buy one share at a time and then return them all at once?

sys · « **Reply #3421 on:** February 03, 2021, 09:02:09 PM »

pretty sure they can return the shares whenever they want, unless the lender of the shares demands their return, in which case they have to be returned at that time.

also, i think it's all pretty much mechanical, like when you place an order to sell short, the order processing involves finding a lender and securing those shares. and then if the lender sells their shares, that order involves automatically recalling their shares and the borrower is then automatically matched with another lender, etc.

at least for retail.

steve dave · « **Reply #3422 on:** February 05, 2021, 07:27:20 AM »

Quote from: steve dave on February 02, 2021, 07:08:31 PM

Quote from: wetwillie on February 02, 2021, 07:05:24 PM
So the shorts ultimately feasted on the average retail investor in GME, who could have seen it coming.
I mean....no?

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here's where it has shaken out so far for shorts

https://twitter.com/DeItaone/status/1357679251059843078

wetwillie · « **Reply #3423 on:** February 05, 2021, 08:24:09 AM »

You got me SD

420seriouscat69 · « **Reply #3424 on:** February 05, 2021, 11:29:51 AM »

I just thought you'd enjoy my recent nightmare. lol @stevedave might have a nightmare viewing this...

https://twitter.com/FANMAN_KSU/status/1357742797613387776?s=20