if u need any further proof how everyone is gonna get fucked, robinhood managed to get 2 billion dollars capital raised in like a years time or more, now overnight in 48 hours they managed to get another 2 billion dollars ... TO RIP EVERYONE A NEW ONE and make their zero risk guaranteed transaction fee money ...
arent u still confronted with the collatoral damage of said BS now as a humanitarian
well, today I am doing something which aligns with my ethics, I worked >10 year in Big4 followed by multinational corporate sector. I alienated from my day 2 day activities. I got huge ethical conflicts of what I was doing.
Earning the good life, but doing evil day in day out, it is a kind of stress which can mentally kill you if you just keep doing it for the money and the benefits. So the issues I faced which I could not live with anymore were amongst others:
- bullshitting local tax officers in various EU countries with expensive transfer pricing documentation to justify having all the profits flowing to entities where taxation would not take place or less take place
- bullshitting auditors (this was the easiest part but still it doesnt feel right)
- facing that all lower finance and support staff were delocated to Indian based share service centers where an army of local Indians were exploited to work our EU working hours for a total cost almost less than 1 EU gross salary cost
Honestly I am baffled we still have few accounting scandals, we had some in 2020 with Wirecard the most amazing one (bank statements were forged - go figure - and EY signed off), but still it should be way more but the big corporations are just too big and 99% is closing the eyes for the great monthly salary package, even auditors close their eyes way too often
So now I work in humanitarian sector, the sector has their own set of mismanagement, but at least there is some positive impact for the people we serve around the globe. I feel mentally better now, even when salary is shit and when I will probably financially suffer at retirement age. At least I am living a life I support and I was able to work in the last 5 years in the most amazing countries of which 95% of the forum members over here will never have the opportunity to visit and live for a while
so I am happy
Last edited by skx7 on Tue, 2nd Feb 2021 00:47; edited 1 time in total
if u need any further proof how everyone is gonna get fucked, robinhood managed to get 2 billion dollars capital raised in like a years time or more, now overnight in 48 hours they managed to get another 2 billion dollars ... TO RIP EVERYONE A NEW ONE and make their zero risk guaranteed transaction fee money ...
lets await the class action suit, the RH soap is not yet over
arent u still confronted with the collatoral damage of said BS now as a humanitarian
So now I work in humanitarian sector, the sector has their own set of mismanagement, but at least there is some positive impact for the people we serve around the globe.
are u one of those who bilieves in sending a 100tonnes of food knowing 90tonnes get stolen by warlords/corrupt officials and 10tonnes makes it through?
arent u still confronted with the collatoral damage of said BS now as a humanitarian
So now I work in humanitarian sector, the sector has their own set of mismanagement, but at least there is some positive impact for the people we serve around the globe.
are u one of those who bilieves in sending a 100tonnes of food knowing 90tonnes get stolen by warlords and 10tonnes makes it through?
well it depends, the humanitarian sector is big
I am corporate guy who went with Medecins Sans Frontieres for at least 3 years working in CAR, South Sudan, Afghanistan, Pakistan, Libya, etc... I worked months of my life under hibernation conditions dodging bullets etc... a bit more complicated as todays pandemic. sure, incidents happen with financial impact, working in man made disaster contexts are not the perfect meeting room conditions. I can honestly tell that I contributed to helping people survive around the globe. Go working in a country like CAR, you will even hand out your personal cash at the end of the day. What the fuck is the value in the end. There is shit in our world. I guarantee you financial corruption in corporate sector outweighs corruption incidents in the humanitarian sector. But I also confirm that there are many dodgy NGOs around the globe, I work for the good ones, thats why I earn shit and I hope some day someone will take care of me when I wont get around financially
I am like the opposite of what the cucarachas of UN represent. I had already discussion over here with keyboard warrior in the past who wanted to defend UN, UN represents all evil in the humanitarian sector. these guys by the way get paid salaries they would never earn in the corporate sector with their skill sets. you refer to humanitarian sector as in WFP, UNHCR, Save The Children, etc... there is way more in this sector! try to contribute for a while, it will do good and open the mind if you wont be personally impacted by an incident. there is some risk related to the job of course. I lost some colleagues sadly over the last 5 years. This weekend we even lost colleagues in attacks in Somalia
Article from 2018 in the Financial Times re. Volkswagen squeeze in 2008. No risk this was manipulated following the situation of this week: The day Volkswagen briefly conquered the world
the best is yet to come last week was just the start, the very low traded volume of today is showing it maybe we should buy today's dip?
Hedgefunds are ran by j00s
Hedgefunds run media.
J00s run media.
Age old conspiracy confirmed.
Also lol on hedgefunds and media running into wsb to get silver trending and a bunch of idiots on Twitter that I follow fell for it and helped hedgefunders make monies to fight wsb.
I am like the opposite of what the cucarachas of UN represent. I had already discussion over here with keyboard warrior in the past who wanted to defend UN, UN represents all evil in the humanitarian sector. these guys by the way get paid salaries they would never earn in the corporate sector with their skill sets. you refer to humanitarian sector as in WFP, UNHCR, Save The Children, etc... there is way more in this sector! try to contribute for a while, it will do good and open the mind if you wont be personally impacted by an incident. there is some risk related to the job of course. I lost some colleagues sadly over the last 5 years. This weekend we even lost colleagues in attacks in Somalia
While this is off topic, I'd highly encourage you to create a separate thread regarding this topic as I'd love to hear more about this
yes a sort of blog, im intrieged aswel, i know a bit about UN stuff , also highlighted in this movie https://www.imdb.com/title/tt5153288/reviews backstabbing for beginners 2018 food for oil bullshit program , not much good to say about un seeying how they let north korea happen on their watch and now this china concentration camps , nothing but fuckups and corruption and the blue helmets dieing for nothing
Aaaaand silver worked.
They managed to make enough monies to short gme some more. \o/
German radio is also just parroting the silver narrative "The Redditors now all buy silver, the price increased 15% already. As predicted by xyz profiteer of silver shares. Mister xyz please tell us about this phenomenon 'Yes yes my dear, I have repeated this line for 20 years now, the time for silver is NOW! BUY MY SILVER!'"
I feel like once GME goes low, and hedges are out. Its going to be a Tulip Mania of all the WSB and news hyped/late to the party people all buying in, with the confidence that all the others like them are buying in..so it will rise so they can make a profit. (Which cause those of them making a profit to dump sale fucking those that got in after them) and repeat.
If so, we don't need WS greed to fuck the little man, they can do it to each other just fine with their own greed
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
I feel like once GME goes low, and hedges are out. Its going to be a Tulip Mania of all the WSB and news hyped/late to the party people all buying in, with the confidence that all the others like them are buying in..so it will rise so they can make a profit. (Which cause those of them making a profit to dump sale fucking those that got in after them) and repeat.
The whole idea is having the shorts have to buy those overpriced shares, thus the squeeze.
Some will get burned, that's the nature of bagholding, and the world in general.
If you're waiting on others to genuinely care about you, you make friends and have a family, because the stock market ain't it.
But hey, grown men and such. You'd be amazed by the number of people that did just that: invest what they can afford to lose. It's not investing at this point, nor is it about savvy financial placements. It's mostly on principle.
Shame about me closing my Keytrade account. Would have bought 10 otherwise.
"Music washes away from the soul the dust of everyday life." ~Berthold Auerbach
Oh I 100% agree.
Just pointing out many of them lauding their choice to do it on principle to teach big investors a lesson are just standing in the crowd that gathered repeating what the other said with no intention of meaning it. Causing more the come onboard thinking "we are all on the same cause".
No lots of them are just in it for the money, and could care less if it comes from you buying theirs (and not the hedge buying it) at $300 THINKING your team is made of all moral people 'hodling' like they promised.
Now I'm not against being in it for the money. get your fair share from the big investors rolling in it.
But be honest why you bought in. And if you claim to be there for X reason, stand by what you say and care if its the big guys eating the shitcake, or someone you lured in at $300-$400 that you sold to.
Not saying its enjoyable to see, but expected, that all the little guys now the big sharks are gone, are just thousands of little sharks left eating each for profit while yelling for everyone else but themselves to 'hold' so they themselves can jump ship when its tasty and sell off to the newer 'hype riders' at a higher price.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Tue, 2nd Feb 2021 20:47; edited 6 times in total
Well ill be honest, since the sunday i read the theory, the scenario, saw the numbers, made sense, cool head, ok lets go 1k. starts rising ohhh 3k max... launches... the numbers that convinced me dwindle (short ratio, float, past events etc), more people get in, WOOO, 1k more. 4k total. Peak 450+, over 140% gain, holy shit. Ok ok chill, it started a decline, i took some gains, sold, bought cheap, rose again, sold, gains, but then numbers werent matching, short ratio was down hard, i pussied out. I was in a similar event once and i remember i missed the peak and this feels a lot like missing the peak. Im out, have my initial investment + small gain due to greed, still 5 shares left in case it ever happens.
But i wanna be honest, this system is rigged to HELL, the fact that they can sell shares that they dont have, the fact that they can use quick tiny sells/buy and tank the price, is scary, hell they even know how you put your orders and data, from them? u get jackshit, you never know what they are doing or how they are in the market, they can even shutting out investing apps etc. Holy shit, this really has to change. i cant imagine being a small company and getting short sellers on my ass and then bankrupt my company just so they could make some money. Fucking hell
@PickupArtist
I say using robinhood to do stock market trading on large coordinated scale. Is like using Spotify to DJ a club. Sure it 'does the job' but to expect it to be good is asking too much.
You use a free phone app with a TOS you have to agree to, and an entire EULA to try to manipulate the stock market..well you get what you pay for
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
i dont have stocks or crypto , id be bankrupt if i did im a gambler pure sang
but do u know the answer ? they cant possibly be allowed to do trades themselves right , considering the massive insider infos they have seeying all trades live before others see them
This GME deal is gonna piss a lot of people, a lot of people will lose money (lost the high) and then they get handled robinhood, investors, high frequency traders, naked short selling, i hope the losers really make a big deal out of all this. Cause everything i saw.... is fucking nasty. The whole options thing seems to exists as a gambling mechanic to make money. Specially the PUT options. In this market you gain money? someone lost money, and its usually not the big guys, they have a lot of data and ways to win the upper hand.
i dont have stocks or crypto , id be bankrupt if i did im a gambler pure sang
but do u know the answer ? they cant possibly be allowed to do trades themselves right , considering the massive insider infos they have seeying all trades live before others see them
Its not that cut and dry. Insider info is a very specific term that covers very specific types of info (and how that info is used) and with a very vague brush not because of nefarious reasons to allow wiggle room to exploit..but because culpability of actions is a fuzzy line to draw of intent vs outcome, like anything involving a complex mix of humans, intentions, stance and complicated 'each case is unique in situation' there is no easy way to trim it down that blanket covers all as right or wrong. The SEC takes each case on its own standard:
https://www.americanbar.org/groups/business_law/publications/blt/2011/08/01_johnson/
For example, if you was on the phone talking about a merger in your company that clearly to anyone listening, make the stocks go up. And your roommate hears it and uses it. Are you at fault for not being more secure in where you say it, are they for using what they overheard without telling you. OR did it THEN told you because of what they heard. Are the eavesdropping? What if it was loud enough to hear walking past...but they stopped to listen. Your call was not in the wrong, them stopping in their own house to see whats being talked about is not wrong.
Making hardline laws created to stop those from 'exploiting' and creating that types of situation to happen as an excuse to protect the insider, hurts those that innocently do it without trying to....it gets messy fast.
Take businesses that offer stock options. CLEARLY people that work there can know more (or at least sooner) about impactful changes than the public. Should they not be allowed to own stock in where they work? If the stocks are given for free as a employee, is it wrong to sell it when you think it will go high? What if you happen to be in need of money and literally JUST happen to sell it the day it spikes from info you didn't know? How is either provable?
And for example my grandfather worked at a big chem company in the 90's. I had NO clue about what he did (he could be board member or front desk security. Never asked), what the company was like, or their value or daily insider info. Is it fair I cannot trade anything that company has shares in, because someone I am related to and talk to once a year on holidays about family stuff only, works there?
Clearly I should be able to..makes sense right? But where is the line. And is that line 'solid'? For one that line works, someone else it can be abused..its a lot more complex than "IF X then Y".
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
A long watch. But a very good summary of the legality and (as much as can be) objective view of the current situation and where it stands.
I myself am pretty close to his outlook on it overall.
Questionable legal practices (or at least legal ambiguity that needs to be looked into to resolve) was done on both sides [hedge and WSB]. And that to question the legality of one, brings the other into question by the same merit.
Now NOT that it should not be questioned, it should, its waaaay overdue for big players..But the ideal if you prepare to fight fire with fire. Be ready to also have the same questions of if you indeed committed arson also directed at you. [Fair is Fair].
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
"The price of the mentioned shares in Gamestop and the cinema chain AMC plummeted. The shares have come into focus since large groups of small stock market speculators pushed up prices. Gamestop plummeted 60 percent while AMC fell just over 41 percent."
Peak reached, many sold at the right time, the rest who bought late is now stuck with big losses. Hey ho, the everyday life on the stock markets.
Ok here goes, stupid theory (got 500 out of 2k by buying selling ):
This was a pump and dump that piggybacked on the plan DFV had. Noone will ever know if he was in on it. But 4chan or the WSB deep original group used his posts, his investigation to blow it up to meme popularity to pump it and dump it, NOK was pumped too, BB was pumped, AMC, DOGE, all of them riding the hype.
After it ended it followed the SAME reaction in 4chan and in the WSB discord that i saw years ago in other big pump and dumps. Noone was waiiting for the big squeeze, all they wanted was to get the hype in, bump the price to meet the option calls AND get puts to gain money on the way down too, hedge funds got in on the wave too, big money investors went in too and they did squeeze the shorts, THEY DID, i think retail had lil hand in it more than blow it up on twitter, ig, media. This seems to happen very often, only this time it made history. holy shit did it made history, hope it provokes changes for the good of everyone.
In the end the subreddit turned into a FUCKING CULT, hoooollyyyyy shittttttt, i had never seen this scale of denial and insanity around something. This is now qanon level shit, it even got to a point that this was on the top posts,
Edit: oh yea and everyone agrees that WSB is now a hive that the mods will use to make another pump and dump soon with all the new hungry hurt investors. Old mods that were inactive came back, hijacked the subreddit after the movie deals were announced. What a shitshow LOL, HOLDDD THE FUCKINGGG LINEEEEEEEEEEEEEEEEe
@Lopin18
Not sure what people expected to happen. A lot of people wanted to stop big players from getting rich quick, then realized THEY could get rich quick...the "Well getting rich quick is only bad for them" justification of finally getting your cut of this so far skewed share starts kicking in. The chance to be "one leaving wont matter, the rest got it". Again: No single snowflake feels responsible for the avalanche.
So many little guys that everyone claimed to care about are now screwed. Lots of posts, tweets, and articles on how average joe people that bought into the hype lost money or entire savings.
Saying: "Quick buy now and we will ALL get rich quick while fucking someone else over" attracts the same breed of people willing to do what the ones you hate do. It's the exact same mantra of them. Not sure how you expect to get a different breed of people with the same flavor of bait.
People with no qualm or concern of the full ramifications of their actions beyond self gratification (be it money or just windmill joisting at the big guys), pulled out and left the rest of their own team with the full ramifications of their actions? Odd. Who could have seen that coming.
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
I understood the theory that DFV had at the early last week, what i failed to totally notice was.... this was a meme subreddit with a lot of smart greedy people. How call options work and how long it was going to rise, it rose right until robinhood stopped people from buying (unintencional ammo for pumping) thats when all the people who had their calls in the money last friday knew it was truly over, most of them cashed near the 450 range, along with many big players who came in early on the hype.
Im trying to remember the last one i was in, some years ago and i found a lot of old memes and videos that match the current sentiment in the subreddit 100%, the hold the line, diamond hands etc its 100% exactly the same shit oh man i wish i had been paying more attention to 4chan and how WSB actually plays
Im sad of the state of many people right now, so many people went nuts and put life changing money on it at the top. God damnt i spent over 8 hours sunday night without sleep reading about stocks, market and all the shit that was being talked about BEFORE putting 1k in, which i was betting into a new game i didnt get in a casino. Cant imagine coming into a casino and throw life money on it because of hype.
This is truly an event to behold, its scary what people do when money is quickly moving.
Signature/Avatar nuking: none (can be changed in your profile)
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
last week was just the start, the very low traded volume of today is showing it 
maybe we should buy today's dip? 
diamond hands, hold forever, have to punish hedge funds, stock go up = win.
