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u/DeepFuckingValue and the GameStop Reddit mania

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Re: u/DeepFuckingValue and the GameStop Reddit mania

#131

Post by yreg »

tinyhouse wrote: post #62
yreg wrote: post #35

Earlier quoted context omitted.

Well if a stock market crash triggered by this is realistic (which I agree is), doesn't it make sense to hold a bit of GME for insurance? I understand that there's no guarantee one will be able to exit it successfully even if it flies so high that it crashes the market. However I don't see a better insurance for people who don't have access to options/inverse etfs and don't want to sell their stocks.

The problem for GME is that it will crash regardless if there's stock market crash or not. When a market crash happens you're much better off holding value stocks of solid companies. As of mr. DFV, I'm sure he'd like to close his position at the current price. But my guess is that he prefers to hold for his reputation. Since he already guaranteed more money than he would ever need, it's not a bad decision. The other…

Why do you think a crash of GME would cause a full blown crash of the stock market?

Re: u/DeepFuckingValue and the GameStop Reddit mania

#132

Post by eruleman »

jMyles wrote: post #103
prepend wrote: post #52

Earlier quoted context omitted.

Freenet doesn’t make money for speculators like ipfs. Making gobs of money is an important feature driving wheel reinvention, I think.

Are speculators making money on ipfs? How? This is news to me.

via Filecoin: "In short: IPFS addresses and moves content, while Filecoin is an incentive layer to persist data."

https://docs.ipfs.io/concepts/faq/#ipfs-and-filecoin

Re: u/DeepFuckingValue and the GameStop Reddit mania

#133

Post by gred »

runarberg wrote: post #122
raziel2701 wrote: post #22

On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…

> I would not be surprised if this is the beginning of another stock market crash. Good. Let it crash and burn. The stock market has never done anything for me. Shareholders making money out of my work is not exactly in my interests, nor is it in the interest of the majority of the world’s workers. My only wish is that this time around the stock markets will stay down after they burn, and be remembered in history as…

Honest question, do you not have a 401(k) or similar? I certainly have a vested interest in seeing a healthy, sustainable stock market over the long term. Not because I'm part of the 1%, but because my upper-middle class retirement depends on it.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#134

Post by christophilus »

runarberg wrote: post #122
raziel2701 wrote: post #22

On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…

> I would not be surprised if this is the beginning of another stock market crash. Good. Let it crash and burn. The stock market has never done anything for me. Shareholders making money out of my work is not exactly in my interests, nor is it in the interest of the majority of the world’s workers. My only wish is that this time around the stock markets will stay down after they burn, and be remembered in history as…

It’s a pretty decent idea, at least in theory. Prior to stocks, it was difficult for the little guy to own a piece of a company. I certainly don’t have the money or time to get a stake of a private company, and I’m glad to be able to participate in the compounding machines that are well-managed companies.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#135

Post by eMGm4D0zgUAVXc7 »

jMyles wrote: post #103
prepend wrote: post #52

Earlier quoted context omitted.

Freenet doesn’t make money for speculators like ipfs. Making gobs of money is an important feature driving wheel reinvention, I think.

Are speculators making money on ipfs? How? This is news to me.

The IPFS website at the bottom left contains a section "Protocol labs", the "About" link of that links to https://protocol.ai/ which says "We're decentralizing storage with Filecoin".

So their end goal might be making money off that cryptocurrency...

Thanks to the GP for causin me to figure out why the wheel is being re-invented here! :)

:|

Re: u/DeepFuckingValue and the GameStop Reddit mania

#136

Post by paulpauper »

raziel2701 wrote: post #22

On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…

When I saw him bragging, I went long GME as well (even though it is not a stock I would typically buy) just because if it crashes it will be a guilty pleasure seeing him lose so much, but if it goes up, well then we both make money. The latter seem to be playing out.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#137

Post by PartiallyTyped »

tinyhouse wrote: post #117
jzoch wrote: post #89

Earlier quoted context omitted.

Trying to figure out the "fundamental" value of anything is a fools errand. Im not saying GME wont drop eventually but there is no value on fundamentals of everything. Look at all the short-sellers of TSLA who made the same mistake. These companies are valued on what the market decides and we all know "The market is irrational".

You're taking a couple of exceptions and deduct that fundamentals don't matter. That's like taking two people who smoke and reached 90 without cancer and assume cancer studies are fools errand.

AMD in 2015. NVDIA same period. Literally all the positions of Citron that Andrew Left missed the mark with over an order of magnitude difference. Many tech companies.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#138

Post by myownpetard »

misiti3780 wrote: post #31

I'm honestly confused by the press around this event. I get it, /DFV started a short squeeze and got rich, that is great for him. I don't support naked shorting, it should probably be illegal (if it is not already) and it looks that was part of the reason this happened. Everyone has been suspecting for a while (especially here) that a lot of volatility in stocks like TSLA etc was due to Robinhood. As of 5:33 EST, I'm…

It's a compelling story with multiple, interesting and intertwining narratives.

- An unprecedented and uncoordinated but sophisticated financial engineering play driven by an internet community.

- There is a loose analogy to the terrorist attack on the Capitol, an internet community organizing to destroy existing institutions.

- The ongoing class warfare that was highlighted by Occupy Wallstreet, 2008 crash and bailout.

- The frustration with the completely disjoint experience of the pandemic that the average American has had in contrast to the record highs of the stock market.

- America loves an underdog story.

It has something for everyone. But if you ignore all other context of the story and have tunnel vision on just /DFV gains then it's less interesting I guess.

Re: u/DeepFuckingValue and the GameStop Reddit mania

#139

Post by IntFee588 »

twblalock wrote: post #127
IntFee588 wrote: post #105

I know this forum is capitalist to the core, but there is a lack of appreciation for this moment and an undue air of cynicism. This whole situation breaks a ton of fundamental assumptions about how markets work and will change hedging strategies for a lot of investors moving forward. Yes, we know there are hedge funds on both sides of this equation (Blackrock owns 12% of Gamestop, Burry made a ton and smartly got out…

> This will accelerate adoption of the DeFi space. Why would it do that? I think the most likely outcome is more regulations from the government, and more rules from brokerages about what most of their customers are allowed to do.

Besides the huge push on dogecoin, which is big for onboarding people into crypto (yes, I know DOGE isn't DeFi), the bottlenecking of orders by brokerages undermines people's faith in the fairness of traditional securities and the markets. People will be more interested in decentralized solutions where they can have more faith in exchanges (I am aware that DeFi is not that decentralized or fair, but the majority of the public that is aware of crypto and DeFi thinks it is, just as they thought that traditional securities were fair).

Re: u/DeepFuckingValue and the GameStop Reddit mania

#140

Post by kinghajj »

runarberg wrote: post #122
raziel2701 wrote: post #22

On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…

> I would not be surprised if this is the beginning of another stock market crash. Good. Let it crash and burn. The stock market has never done anything for me. Shareholders making money out of my work is not exactly in my interests, nor is it in the interest of the majority of the world’s workers. My only wish is that this time around the stock markets will stay down after they burn, and be remembered in history as…

> The stock market has never done anything for me.

I mean, it could, if you were to invest.

> Shareholders making money out of my work is not exactly in my interests, nor is it in the interest of the majority of the world’s workers.

So instead of, say, encouraging people to learn how to invest, and maybe even incentivizing firms to allocate shares to their employees, you'd rather just have the whole stock market burn to the ground?

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