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Colorado B.S. Thread

Discussion in 'Colorado' started by Kappes03, Jan 1, 2011.

  1. Jan 29, 2021 at 9:00 AM
    johntoyota

    johntoyota "I'm higher than you'll ever be." -Treetop

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    I didnt even know what hit me.
     
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  2. Jan 29, 2021 at 9:03 AM
    JasonLee

    JasonLee Hello? I'm a truck.

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  3. Jan 29, 2021 at 9:04 AM
    johntoyota

    johntoyota "I'm higher than you'll ever be." -Treetop

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    Der fe der
     
  4. Jan 29, 2021 at 9:06 AM
    JasonLee

    JasonLee Hello? I'm a truck.

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    It's been 10 years since that abomination of a "song" was released.
     
  5. Jan 29, 2021 at 9:07 AM
    johntoyota

    johntoyota "I'm higher than you'll ever be." -Treetop

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    I dont even know what song you are talking about. I was going with a Swedish Chef reference and just didnt have time to find a meme.
     
  6. Jan 29, 2021 at 9:10 AM
    JasonLee

    JasonLee Hello? I'm a truck.

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  7. Jan 29, 2021 at 10:02 AM
    mountainmonkey

    mountainmonkey Well-Known Member

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    Lol’d at the mud flaps haha. Fits him perfectly
     
  8. Jan 29, 2021 at 2:19 PM
    CO MTN Steve

    CO MTN Steve Well-Known Member

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  9. Jan 29, 2021 at 2:35 PM
    Rock-N-Roll

    Rock-N-Roll Well-Known Member

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    CO MTN Steve likes this.
  10. Jan 29, 2021 at 2:42 PM
    GoldenBrew

    GoldenBrew Insufficient Privilege

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    Today was a true case of the Money Manipulators showing RobinHood who really controls the market = just a taste of don't F with us because the ass kick'n you got today is just a taste of what is to come if you mess with us again. Average Joe got a bloody nose - the Big Guy got a Prime Rib.
     
    RockiesTaco likes this.
  11. Jan 29, 2021 at 2:53 PM
    Rock-N-Roll

    Rock-N-Roll Well-Known Member

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    I may not be up on the latest info (Fridays are rough for me at work) so I'm not sure I follow. I thought that this hedgefund was bankrupted by what happened with the shorts and a lot of people on Reddit made some good money. What am I missing?
     
  12. Jan 29, 2021 at 6:56 PM
    CO MTN Steve

    CO MTN Steve Well-Known Member

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    Not going to say I understand it all, but you had ~2.5M Reddit "avg joe investors" beat Wall Street/ Hedge Funds at their own game and cost them $20B so far in losses from shorting* mainly Game Stop stock. "Wall Street" tried everything to try and stop it but Reddit folks still took them to cleaners.

    *Shorting (might be oversimplifying this and skipping some of the rules around it)- is a tactic where you get "loaned" a stock from a brokerage which you sell with expectation you can buy the stock in the future at a <much> lower price. Wall Street has changed the regulations so now in the case of Game stop there were more "Shorted" shares then shares they had outstanding even today with $20B in losses to "shorters" there were still 112% short shares/ regular shares.
     
  13. Jan 29, 2021 at 7:45 PM
    wrmathis

    wrmathis Dark Lord of the Sith

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    Decent and simple explanation for short selling


    upload_2021-1-29_19-45-35.jpg
     
  14. Jan 30, 2021 at 6:45 AM
    GoldenBrew

    GoldenBrew Insufficient Privilege

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    True and a good description. My "average Joe" was referring to the average person who invest in the market - which did get an adjustment which cost some investors a loss and bloody nose while others made a gain and got a prime rib. Seems like Wall Street is more and more like Las Vegas - Place your bets! I for one don't care for the "short" strategy but that obviously does not mean it is the wrong one.
     
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  15. Jan 30, 2021 at 7:36 AM
    Rock-N-Roll

    Rock-N-Roll Well-Known Member

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    Ah OK, I follow what you're saying. Yesterday was a bad day for me to be paying attention here.
     
  16. Jan 30, 2021 at 8:03 AM
    teamhypoxia

    teamhypoxia MichelinMan

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    Big money isn't big enough for ”BIG Money” so they leverage their trading (trade with borrowed money).
    They take a huge short position (greater than 100% of float) and a large number of dumbasses collectively catch them with their pants around their ankles.
    They should rightfully be disappeared because they screwed up big but, once again, we have a "too big to fail" situation because they'll take down everything around them.
     
  17. Jan 30, 2021 at 8:53 AM
    GoldenBrew

    GoldenBrew Insufficient Privilege

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    The Ultra Rich just get richer and the average joe just keeps plugging away at their day job while trying to stay ahead of the next shit storm. Somethings have not changed. In the long run what happen yesterday will make the Ultra Rich even richer.
     
    Last edited: Jan 30, 2021
    CO MTN Steve likes this.
  18. Jan 30, 2021 at 9:09 AM
    Rock-N-Roll

    Rock-N-Roll Well-Known Member

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    One mod away from marriage counseling
  19. Jan 30, 2021 at 9:39 AM
    Chadr7858

    Chadr7858 Well-Known Member

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    All the mods; all the problems
    Ouray is always cool20210130_100747.jpg

    20210130_101810.jpg
     
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  20. Jan 30, 2021 at 10:12 AM
    thefatkid

    thefatkid Well-Known Member

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    It isn't Europe, just cause they call it the "Switzerland of the Rockies" doesn't mean you go to the wrong side of the road. Silly overlander
     
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