EPTTrading/Investing Thread - Page 60
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BlackJack
United States10574 Posts
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iPlaY.NettleS
Australia4356 Posts
On January 31 2021 06:22 BlackJack wrote: What mining shares do you own? On ASX SAR - Saracen Mineral Holdings ; Gold NST - Northern Star ; Gold CNB - Carnaby Resources ; Gold Exploration ARD - Argent Minerals ; Silver, Gold, Base metals. For US market First Majestic Silver is what they're pumping on Reddit. | ||
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BlackJack
United States10574 Posts
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{CC}StealthBlue
United States41117 Posts
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Dan HH
Romania9135 Posts
If only we could buy reddit account futures :\ | ||
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Vivax
22089 Posts
On February 02 2021 00:15 BlackJack wrote: Seems like WSB is firmly against SLV now and any of the posts promoting it are accused of being bots or hedge funds that are pushing the narrative as coming from WSB. The media is also pushing the narrative that WSB is pushing silver which is false. SLV is up 10%+. Not sure what to make of it. Would be nice if WSB got behind it but if the hedge funds and media are trying to pump it up that might be just as good or better? Big players have a piece of everything, Blackrock is GMEs second biggest shareholder in a list I saw somewhere. They can fill hedgefund demand easily. In SLV, bullion dealers + spec are long and producers + contract dealers are short. ~30 M shares have been covered lately in GME. I'd say the squeeze is over? Haven't checked put prices. + Show Spoiler + ![[image loading]](https://pbs.twimg.com/media/EtJn3t9XYAAz1Vf?format=jpg&name=medium) Judging by how TAAT lifestyle & wellness shot up today (a stock I've never heard of before), there's one or more funds liquidating their short positions somewhere. | ||
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Blitzkrieg0
United States13132 Posts
On February 02 2021 00:21 Dan HH wrote: It's starting to look like the only real consequence of the GME story is that now every financial institution will have a social media astroturfing department. If only we could buy reddit account futures :\ This was always going to happen though. Look at CNBC and silver currently. They're not doing anything different than 20 years ago. How many people under 40 do you know that still pay for cable news and watch it regularly? Astroturfing was always moving to social media and it has been happening on reddit on a lot longer than the GME story. Crypto is easy example here. People have been shilling their shit coins on reddit for the past decade. | ||
KwarK
United States43212 Posts
On February 02 2021 02:03 Vivax wrote: Big players have a piece of everything, Blackrock is GMEs second biggest shareholder in a list I saw somewhere. They can fill hedgefund demand easily. In SLV, bullion dealers + spec are long and producers + contract dealers are short. ~30 M shares have been covered lately in GME. I'd say the squeeze is over? Haven't checked put prices. + Show Spoiler + Judging by how TAAT lifestyle & wellness shot up today (a stock I've never heard of before), there's one or more funds liquidating their short positions somewhere. Blackrock aren’t actually holding it, they’re custodians. Blackrock bundle shares into funds on behalf of institutional and retirement funds that own the rights to the underlying shares. It’s like how most money is held by banks but not owned by banks. | ||
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raga4ka
Bulgaria5679 Posts
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LegalLord
United States13779 Posts
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Vivax
22089 Posts
In my local dealership up 3 € from friday to ~35€ . Still limited at 30 ounces per purchase. On February 02 2021 07:55 raga4ka wrote: Why does every fucking MSM pushing this silver nonsense on my news feed? Seriously there should be consequences of publishing fake news, make them pay big fines if they are pushing propaganda down our throats... Trying to influence investors to buy something through mass media... Can't really think of a reason anyone who has that sort of influence would want a rush to metals. It's the nightmare of the issuers of currency according to some (because it would reveal how much currency outnumbers real assets since Bretton Woods). | ||
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iPlaY.NettleS
Australia4356 Posts
On February 02 2021 00:17 {CC}StealthBlue wrote: Because Wall St is using Silver as a decoy to get people to start selling GME, and AMC shares. Or the big money that was behind a large part of GameStops rise slowly sold near the high, leaving retail investors holding the bag? Smart money is out by now. Reddit WSB has added 6 million subscribers over the past two weeks, it's not the same place it was.Regarding GameStop the short interest has dropped from 140% to 53% now https://finance.yahoo.com/news/gamestop-sinks-shorts-interest-drops-152527572.html but the 6 million new subscribers there just shut news like that out and scream 'To the moon' like the Bitcoin fanatics do.The hivemind is strong there. | ||
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FiWiFaKi
Canada9859 Posts
On February 02 2021 12:53 iPlaY.NettleS wrote: Or the big money that was behind a large part of GameStops rise slowly sold near the high, leaving retail investors holding the bag? Smart money is out by now. Reddit WSB has added 6 million subscribers over the past two weeks, it's not the same place it was.Regarding GameStop the short interest has dropped from 140% to 53% now https://finance.yahoo.com/news/gamestop-sinks-shorts-interest-drops-152527572.html but the 6 million new subscribers there just shut news like that out and scream 'To the moon' like the Bitcoin fanatics do.The hivemind is strong there. When people are down 40% on their portfolio they get desparate. They want to give attention to what their are bagholding to give it a chance. Most ideas on WSB don't work out, because anything that hasn't gone up 20%+ in the last week doesn't get traction. There's very few companies that will go up short term after being pumped 20% in a week. Of course I'm a bit sour that brakes were turned on by the MM's and brokers, I would have probably been half a million richer if that didn't happen. To me, silver is a completely idiotic investment if you're planning to hold for 6 months - if you're wanting to take the gamble of holding an overvalued asset because you think you can catch a bit more of that momentum up, that's your prerogative, but good luck sleeping knowing that the support can crumble overnight. I'll tell you that my productivity was 10% of normal when holding 250k of BB that I purchased at 5x the price of two months ago. At the end of the day, I think choosing solid companies long term that people might get excited about short term is the way to go. Wsb is a place to get a laugh, retail sentiment, and to put some new tickers on the map. It's not a place to go for investment advice, 99% of the DD there is purely emotionally charged to certain news, and not fundamentals. | ||
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dankobanana
Croatia238 Posts
On February 02 2021 12:53 iPlaY.NettleS wrote: Or the big money that was behind a large part of GameStops rise slowly sold near the high, leaving retail investors holding the bag? Smart money is out by now. Reddit WSB has added 6 million subscribers over the past two weeks, it's not the same place it was.Regarding GameStop the short interest has dropped from 140% to 53% now https://finance.yahoo.com/news/gamestop-sinks-shorts-interest-drops-152527572.html but the 6 million new subscribers there just shut news like that out and scream 'To the moon' like the Bitcoin fanatics do.The hivemind is strong there. I agree but that article makes me have doubts. The volume on the stock is little. Definetly not something that would point to covering a lot of short trades. Also, currently, you CAN NOT short trade the stock because "there are no shares avaliable". https://www.reddit.com/r/wallstreetbets/comments/laoaru/read_this_they_are_screwed_numbers_dont_lie/ someone actually researched this I have to admit, I have also joined in on the GME train. I have went from earning 120 % to being barely in the green. But I did learn a lot. Once you ignore the mob posts, there are some really interesting ones. https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml check fidelity for example. Buy orders are triple from the sell orders yesterday and the stock fell? https://www.nasdaq.com/market-activity/stocks/gme/latest-real-time-trades if you check out the NASDAQ real time trades through out the day, you'll see 70% trades that trade 100 trades. Those are not small investors, nor are they WSB folks. These things are fishy. But I dont know, I'm still learning this stuff. But today 02.02. is the last day for the Friday calls to be called, so we'll see if something will happen. Exercise Settlement Time: Exercise notices tendered on any business day will result in delivery of the underlying stock on the second (T+2) business day following exercise. | ||
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LegalLord
United States13779 Posts
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BlackJack
United States10574 Posts
 feel bad for all the people playing with money they couldn't afford to lose | ||
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Blitzkrieg0
United States13132 Posts
On February 03 2021 00:07 LegalLord wrote: So, that silver astroturf... looks like it didn't last very long at all. What good is pump and dump without quick turnover? I would expect them to be moving on to the next one and then another later this week. | ||
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Emnjay808
United States10660 Posts
Portnoy cashed out at a 700k lost. gg | ||
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LegalLord
United States13779 Posts
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Emnjay808
United States10660 Posts
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