The FTSE

SWP's back said:
But that’s wrong and had all the platforms allowed people to purchase the stock then it’s likely the price would have continued to rise. Only allowing the stock to be sold caused exactly what one would expect, a panicked exodus.

Greater fool theory doesn’t come into it when a stock is shorted to 140% of available float (which in reality is about 400% of available float as most of the stock is not obtainable anyway on the market). I have told you this before.
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SWP - your rationale for buying is because you think there's a short squeeze, but you cannot tell me what Melvin's position today is, or any of the other operators.. neither do you know if anyone who is short stock (and still short stock) hasn't neutralised it (for example using derivatives) in last week's wave or even if they've unwound their positions entirely, and you do not know what today's traders are doing.. you are purely speculating and on yesterday's news.

As I said, no matter what *you think* you're doing and why, a stock that's at nosebleed levels in terms of actual intrinsic value (none at these prices) is purely a gamble on some 'greater fool' paying more for it than you have. Check out the GME daily chart I just posted - it's in candlesticks and they are all RED.
 
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MCFCinUSA said:
short interest info is delayed, and only periodically published; you can't trade it in real time it comes after-the-fact, especially in a name like GME that's been moving so quickly.

- if you happen to be Citadel then you 'are' the market and you can see order flows in real time.. (and Citadel et al are probably one of the real crooks with a lot of this - if you want to point fingers, but mostly for front-running and doing other nefarious things that shouldn't be so concentrated)

.. most of the guys on the hook deleveraged already, along with a lot of other shorts (& in other names) who saw the surge and had their risk management team tap them on the shoulder - which all happened last week.

does this look like a bullish chart to anyone? (below)

- do you in your right mind want to buy this??
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Very informative thanks-unfortunately the punters who believed they were taking on and beating the hedge funds/insiders will end up being burnt. Sad but it’s rinse and repeat.
 
MCFCinUSA said:
SWP - your rationale for buying is because you think there's a short squeeze, but you cannot tell me what Melvin's position today is, or any of the other operators.. neither do you know if anyone who is short stock (and still short stock) hasn't neutralised it (for example using derivatives) in last week's wave or even if they've unwound their positions entirely, and you do not know what today's traders are doing.. you are purely speculating and on yesterday's news.

As I said, no matter what *you think* you're doing and why, a stock that's at nosebleed levels in terms of actual intrinsic value (none at these prices) is purely a gamble on some 'greater fool' paying more for it than you have. Check out the GME daily chart I just posted - it's in candlesticks and they are all RED.
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Mate, I’m fully aware of what you’re saying. I’m also fully aware the candles are red. I’ve also pointed to the fact that they’re red as no retail plebs can buy the stock and most of them that hold it are now panicked and selling.

They’re not doing that because the short squeeze is necessarily over. They’re doing it because they can’t trade the stock and see the writing on the wall.

You’ll also hopefully notice that I said I thought this would happen and this pulled out last week. I just don’t subscribe to people lumping on hoping to sell their stock to an idiot “next week”, I believe people started lumping on because they thought the shorts would have to buy their stock (nominally between 1-4 times per share).

VW shares weren’t Remotely worth the value they reached over a decade ago in the largest short squeeze in history, that doesn’t mean it was greater fool theory or a Ponzi scheme, it means people realised the shorts had their dick caught in the drawer.
 
He has just addressed the wallstreetbets crowd, and advised as to why they are losing, and pointed them towards strategy's to continue.
He was busy today as he also was interviewed on CNBC, where he pointed out scenarios as to why Gme could be a succesful company going forward
 
MCFCinUSA said:
SWP - your rationale for buying is because you think there's a short squeeze, but you cannot tell me what Melvin's position today is, or any of the other operators.. neither do you know if anyone who is short stock (and still short stock) hasn't neutralised it (for example using derivatives) in last week's wave or even if they've unwound their positions entirely, and you do not know what today's traders are doing.. you are purely speculating and on yesterday's news.

As I said, no matter what *you think* you're doing and why, a stock that's at nosebleed levels in terms of actual intrinsic value (none at these prices) is purely a gamble on some 'greater fool' paying more for it than you have. Check out the GME daily chart I just posted - it's in candlesticks and they are all RED.
Click to expand...
A good post - I tried to suggest the same last week in a more gentle manner and got a load of grief back. In the clamour to shaft the hedge funds and make some money many of these small investors will just shaft each other.*

*The final position (winners and lossers) will be impossible to tell as there just isn't the kind of transparency.
 
MCFCinUSA said:
just saw this thread - the likes of which I don't recall having seen on BM before (but I've not been that active in recent years) and I'm curious, because I don't follow the FTSE anymore as I'm normally based overseas, but was at a member firm in Manchester during the '87 Crash (so I have some form) where do people in this thread think the FTSE is going to be around the end of the 3QTR 2021?
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Just seen this-which firm were you at? I was at a Manchester stockbroker in 87
 
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