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Still think TITNC3: Return of the Iceberg was peak

Discussion in 'Stocks & Investments' started by kairo, Oct 6, 2020.

  1. May 10, 2021 at 6:18 PM
    theesotericone

    theesotericone Well-Known Member

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  2. May 10, 2021 at 6:18 PM
    kairo

    kairo [OP] >_>

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    I knew I should have played UVXY weeklies again...
     
    Fohu, Iwilltaco and theesotericone like this.
  3. May 10, 2021 at 6:21 PM
    theesotericone

    theesotericone Well-Known Member

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    Start tomorrow. This little correction might go on all week. When the dust settles I'm betting 30% of my portfolio has evaporated. Good thing those NVDA calls are JUNE expiry. lol
     
    moto.mike and kairo[QUOTED][OP] like this.
  4. May 10, 2021 at 6:28 PM
    theesotericone

    theesotericone Well-Known Member

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    Getting stoked for tomorrow.




     
    Fohu and kairo[OP] like this.
  5. May 10, 2021 at 6:36 PM
    TreeFortRichard

    TreeFortRichard Barcelona Red is the best red...

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  6. May 10, 2021 at 6:37 PM
    moto.mike

    moto.mike Well-Known Member

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    i have a feeling tomorrow is gonna be rocky
     
  7. May 10, 2021 at 6:38 PM
    kairo

    kairo [OP] >_>

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  8. May 10, 2021 at 6:56 PM
    not_nick

    not_nick Well-Known Member

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    keeping jersey dirty
    I'm still not sure i understand the whole idea of where citadel is gonna get all this money. Most of the good DDs have shown their money is all tied up in derivatives and bonds market that has all been rehypothecated a bunch of times so they're pretty much sitting on IOUs that the somehow turn into paychecks. But the GMEtards still think that's all gonna somehow come back around and magically turn into enough for 5 figs a share and be cover fairly and reasonably without heads poppin off and people disappearing with off shore money? I really can't believe that
     
  9. May 10, 2021 at 7:00 PM
    Iwilltaco

    Iwilltaco Well-Known Member

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    @kairo’s guest house having a water with @not_nick
    Under development
    If you don’t believe they are going to get a few trillion to pay the apes, then you really aren’t an ape :rofl:
     
  10. May 10, 2021 at 7:00 PM
    not_nick

    not_nick Well-Known Member

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    keeping jersey dirty
    Also up today. For some reason someone wants MITI stuck at .30 and that STZHF is still going up with stupid low volume for reasons unknown. I'm up like 20% on it since i first posted about it so like 3 weeks or something idk still haven't gone n found out what it is yet, something canadian but i think the charts just broken
     
  11. May 10, 2021 at 7:06 PM
    not_nick

    not_nick Well-Known Member

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    They're still only reported at like 35 billion assets under management on paper but there doesn't seem to be much pinned down/ guaranteed on what exact assets they even have on paper. But don't worry they'll find the GDP of Japan to overpay some individual investors because they made a stupid move. Don't get me wrong i'd love to see it but man it's getting delusional
     
    Last edited: May 10, 2021
  12. May 10, 2021 at 7:15 PM
    kairo

    kairo [OP] >_>

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    Margin call: Citadel et al are force liquidated of all their assets, then the burden goes to the DTCC (this is what this flurry of new rules has been about), then the burden goes to the financing banks, and then the burden goes to the the federal government.

    DTCC alone has 68t in assets and insurance it can liquidate or call upon, and the fed has, well, they have a lot more.
     
    Nimble9 and TreeFortRichard like this.
  13. May 10, 2021 at 7:16 PM
    not_nick

    not_nick Well-Known Member

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    keeping jersey dirty
    I think it's really just Blackrock trying to knock off competitors and they're pushing the retail wave thing. All the good DD has come in relatively similar writing styles, info that at times gets a bit more in depth than people digging hard or making good predictions ie. inside knowledge type stuff, And always oddly timely and never too much or too little to keep people hooked. Suspicious to me
     
  14. May 10, 2021 at 7:17 PM
    kairo

    kairo [OP] >_>

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    Because it's like trying to draw conclusions about the US military's secret weapons capability. It's kept secret for a reason. Nothing suspicious about it. These funds and rich people make their money by making sure they can keep what they're doing out of public knowledge. If the SEC wasn't in bed with them, we could start fixing these problems.
     
  15. May 10, 2021 at 7:19 PM
    not_nick

    not_nick Well-Known Member

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    Could maybe see that happening but no way are people gonna be naming their price like they think at that point
     
  16. May 10, 2021 at 7:22 PM
    kairo

    kairo [OP] >_>

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    I think you're misunderstanding "name your price" for natural price discovery. Nobody is actually getting to name a price. But lets say that most people feel that $5m a share is a fair price. If they keep the float locked up until $5m a share, then they have essentially named their price.
     
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  17. May 10, 2021 at 7:23 PM
    not_nick

    not_nick Well-Known Member

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    keeping jersey dirty
    I guess we'll have to wait and see if the SEC and DTCC enforce all their fancy new rules. Would assume so, because why else would they have made them so promptly but i'm not betting on it
     
  18. May 10, 2021 at 7:24 PM
    kairo

    kairo [OP] >_>

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    Yah of course. All of this is untested in the real world, but it's definitely odd with the speed and quantity of new rules they've added/are adding.

    And remember, the gamma squeeze in Jan absolutely would have set this off until they forcibly shut it down. This gave the powers that be time to get things lined up to minimize the damage as much as possible.
     
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  19. May 10, 2021 at 7:26 PM
    not_nick

    not_nick Well-Known Member

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    Gonna be too many paper hands at 500 lol
     
  20. May 10, 2021 at 7:27 PM
    kairo

    kairo [OP] >_>

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    Irrelevant. Just Fidelity users alone owns the free float. Reddit owns at least that much again outside of Fidelity. The majority of those holders are not going to sell early. And then there's the rest of the world. There's likely hundreds of millions of synthetic shares held in retail's hands at this point. If 50% of those holders decided to sell at $500, they've still got to chew through the float several times over.
     
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