GameStop, Reddit, RobinHood, Wall Street hedge funds, Pelosi ... oh my!!!

POSTED BY: SIGNYM
UPDATED: Sunday, July 12, 2026 04:35
VIEWED: 3653
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6IXSTRINGJACK

Saturday, January 30, 2021 11:32 PM

Shorting shouldn't even be a thing.

It's pure gambling.

The only reason the market should exist if it wasn't designed to be a legal world-wide casino is for people to invest in something they believe has potential, and to get a piece of the action if they were right about it.

When you can also conversely make wagers on which companies will fail, which is quite a destructive practice in and of itself, you've just turned the entire market into a riverboat.

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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

WHOZIT

Saturday, January 30, 2021 11:43 PM

These hedge funds donate a lot of $ to the Dems, Pelosi will now shoot her face full of BOTOX and leap into action.

1KIKI

Sunday, January 31, 2021 2:19 AM

Quote:
Originally posted by SIGNYM:
AN EXPLANATION OF "SHORTING"
This is called a “short squeeze.”

Is that where they got the phrase having somebody by the short hairs?

HA HA HA ...

SIGNYM

Sunday, January 31, 2021 2:26 AM

Quote:
Originally posted by 6IXSTRINGJACK:
Shorting shouldn't even be a thing.

It's pure gambling.

The only reason the market should exist if it wasn't designed to be a legal world-wide casino is for people to invest in something they believe has potential, and to get a piece of the action if they were right about it.

When you can also conversely make wagers on which companies will fail, which is quite a destructive practice in and of itself, you've just turned the entire market into a riverboat.

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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

Hedge funds apparently shorted more shares than even existed.

It's called "rehypothecation".

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Pity would be no more,
If we did not MAKE men poor - William Blake

THUGR posts about Putin so much, he must be in love.

SECOND

Sunday, January 31, 2021 5:39 AM

Quote:
Originally posted by SIGNYM:

Hedge funds apparently shorted more shares than even existed.

It's called "rehypothecation".

Apparently, that can NOT happen. You need to read the article on Rehypothecation -- https://www.investopedia.com/terms/r/rehypothecation.asp

While you're reading, read How Can You Lose More Money Than You Invest Shorting a Stock? -- https://www.investopedia.com/ask/answers/05/shortsaleloss.asp

If you are worried that the stock market is a casino, either buy stock directly or buy a mutual fund that charges NO trading commissions when you buy or sell, then hold either for at least a year so that a sell will be taxed as long-term capital gains. The stock market would still be a gamble, but it is not a casino if you wait a year to cash in your chips; it's an "investment".
https://www.investopedia.com/articles/personal-finance/101515/comparin
g-longterm-vs-shortterm-capital-gain-tax-rates.asp

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

1KIKI

Sunday, January 31, 2021 5:52 AM

YOUR LINK:

Rehypothecation was a common practice until 2007, but hedge funds became much more wary about it in the wake of the Lehman Brothers collapse and subsequent credit crunch in 2008-09.

In other words, it's not that it can't happen or isn't done, but that what's in effect is just an opinion - that may have already changed.

6IXSTRINGJACK

Sunday, January 31, 2021 6:05 AM

Quote:
Originally posted by second:
If you are worried that the stock market is a casino, either buy stock directly or buy a mutual fund that charges NO trading commissions when you buy or sell, then hold either for at least a year so that a sell will be taxed as long-term capital gains. The stock market would still be a gamble, but it is not a casino if you wait a year to cash in your chips; it's an "investment".

Bullshit.

That's just called playing a game of roulette where the wheel doesn't stop spinning for a full year.

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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

6IXSTRINGJACK

Sunday, January 31, 2021 7:36 PM

It probably should be noted that Google removing thousands of negative reviews for Robin Hood, and all the Government meddling that we're seeing here is the first signs that the Biden* government is going to crack down on the Left just as much as they have been on the right for the last four years.

I've always said they have one one narrative they want out there, and they will do whatever it takes to maintain complete control.

Temporary measures were put in place to give Lefties a lot longer of a leash when they felt that Trump was a greater threat to them, but the next four years will see further attempts to shut down any alternatives to the mainstream social media sites while also starting to silence voices on the left.

They weren't REALLY okay with the "peaceful" protests. Those were the useful idiots being allowed to do useful idiot things.

How long do you think it will be before they call you a Domestic Terrorist?

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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

SECOND

Sunday, January 31, 2021 8:28 PM

Quote:
Originally posted by 6IXSTRINGJACK:
Quote:
Originally posted by second:
If you are worried that the stock market is a casino, either buy stock directly or buy a mutual fund that charges NO trading commissions when you buy or sell, then hold either for at least a year so that a sell will be taxed as long-term capital gains. The stock market would still be a gamble, but it is not a casino if you wait a year to cash in your chips; it's an "investment".

Bullshit.

That's just called playing a game of roulette where the wheel doesn't stop spinning for a full year.

They all think they do, but I have NEVER known even one Trumptard who understood investment or risk or probability. That last one is the real killer of their prospects for good fortune. They vacillate between giddy certainty and sweaty, fearful paralysis in business because of their psychology. But, you know, they wouldn't be Trumptards if they weren't plagued by life changing failures and regrets and uncontrolled urges which they misinterpret as their "personality" and "values". It's also why some of them were certain (and remain that way) that Trump would win, despite the probability being only 50%. Because of all their mental shortcuts in making decisions, Trumptards regularly get slaughtered in the stock market. Stay away from Wall St if you are a Trumptard.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

6IXSTRINGJACK

Sunday, January 31, 2021 8:42 PM

I made a killing when I was there. I'm wise enough to realize that it was just luck and lucky timing.

People just like you were telling me that I was throwing away rent money by not buying a house in 2006 too.

And look how that turned out.

Good luck with your gambling though. I'm sure you've got a system like every single "slot machine pro" I've ever talked to.

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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.

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