I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.
Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front:
We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes:
Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.
__I saw an unsubstantiated post from a user (u/zshub) who said a market sell order executed at $2600 for him. Also, someone else for over [$5,000](https://www.reddit.co... keep reading on reddit ➡
I am not a financial advisor and this is not financial advice. I barely understand how the stock market works. Professionally I'm a network security researcher -- my job is to find and explain vulnerabilities in other complicated systems that my smooth brain barely understands.
Guess what you fucking idiot -- you aren't allowed to collapse the entire financial market in less than a week using a phone app. It takes more time.
They were created by a market maker (or possibly several market makers) to stop the beginning of a short squeeze that would have bankrupted hedge funds if a margin call hit them, which ultimately could have financially impacted those market makers once liability for the shares was transferred. These shares weren't borrowed from anyone. They're imaginary. Pure fiction. A promise only a handful of entities can make.
The reason they did this was to buy time to save their own asses. The reason they were allowed to do this is because regulations let them.
The creators of those shares have 21 days to deliver. Until then, they aren't paying interest. There isn't a public record of their creation -- the closest insight we have to the number of synthetic longs in existence for $GME are the failure-to-deliver numbers, and $GME is a major outlier in that field. A fucking terrifying outlier.
We aren't bleeding out a hedge fund by holding. Melvin very likely is out of their position after losing half of their fund. There aren't 'new shorts replacing the old'. Instead, a buffer of imaginary stock was created by a market maker to 'flatten the curve' when a massive number of shorts had to cover once retail buyers started rushing in.
These assholes are praying that in the next month, retail buyers get scared, bored, or distracted. They're spreading FUD, attacking with short ladders, hoping you watch the short interest drop and think it's over. They're counting on you to sell your $GME at a bargain rate so you can pay rent, because they think *you're just fucking retail scum betting on a shit co... keep reading on reddit ➡
For everyone considering an investment in GME's little sister - wanted to open the floor to a few facts and why AMC is not GME and how "big finance" has already dumped on retail investors, and are about to celebrate big plays for round 2.
The kicker: There are BIG incentives to keep prices elevated in the short term. AMC has already stated they're in the midst of considering whether to issue more shares again and dilute you further, which would be the mother of short squeeze killers.
The insider conundrum: What might seem bizarre and bullish is that based on the SEC filings to date, the largest insiders have NOT exited their positions yet, unlike insiders at Koss who were happy to unload their entire portfolio. Unfortunately, altruism and optimism are almost certainly not the explanation as share prices are still far above... keep reading on reddit ➡
Im listening to the Nashville Fire radio.
Edit2: Various things that I have heard:
There are victims in one / some of the buildings.
20-30 people evacuated from a building, a few had minor injuries.
It was a RV that exploded, causing significant damage.
A building collapsed. (partial destruction, small old building)
There was / is ammunition in the RV that exploded that is “burning off”
Medical triage setup.
Edit3: channel 2 has live coverage
Taken from a poster below, video of damage. Potentially disturbing:
Confirmed building down, at least partially, on 2nd.
More news links:
Updated with some national links.
That’s what a lot of people don’t get about Benoit’s murders. It can’t be nailed down to one thing like CTE. Yes it’s a factor, but CTE does not solely make you into a murderer, it lessens your ability to think clearly and makes you more prone to depression and paranoia.
If you look at all the factors in Chris Benoit’s life you realize that there is absolutely no way he was gonna live past 45. Whether it be from suicide or heart failure. Unfortunately, the absolute worst case scenario happened.
From the book Chris and Nancy and the podcast Nancy’s sister Sandra did with Jericho you can attribute a lot of things.
1. An Insanely Intense Personality
Read any book that mentions Benoit and people talk about how intense the guy was. Forcing himself to to 500 squats after messing up a spot, working insanely hard in the gym, etc. Going all out in every match and taking more dangerous bumps. There’s a reason they called him the Rabid Wolverine. If you put someone like Chris Jericho through all these same difficulties I doubt he would kill his family. But since Benoit was already such an intense and dark individual, it caused things to spiral in a certain way. Which is why he can never be “blameless”. The guy was notorious for bullying young wrestlers and having a short temper well before he went off the edge.
2. Self medication with drugs and alcohol
Sandra mentioned how Chris and Nancy were no strangers to pills and alcohol. Especially in the later years after the deaths of so many friends and family. They found Xanax and painkillers in his bloodstream. In Chris and Nancy a guy who met Benoit a week before his death remarked about how Benoit was telling him about all the different uppers and downers he was on. “This guy was fucking WIRED” he said.
3. Artificial testosterone boosters
I know this strikes a nerve with wrestling fans because it brings Nancy Grace flashbacks. But in Chris’s autopsy they found that his testosterone levels were 10 times that of a regular human being. He didn’t kill his family out of pure “Roid Rage” but it’s dishonest to act like steroids played NO factor.
4. Brain trauma and progressive CTE
The “80 year old Alzheimer’s Patient” quote is a myth because it implies that Benoit wasn’t sentient or functional while he was committing these murders (he tried to make flight arrangements and googled how to break his own neck while the dead bodies were in the house with him). But it is true they found massive... keep reading on reddit ➡
If one of these people storming in DC had the mind of utter destruction, this could have been a way bigger tragedy. What is going on?
In my household, we eat a LOT of yoghurt. In marinades, to thicken curries, in baking, with granola... You name it. So much so, that my husband and I switched to 0% fat in to reduce our fat intake without jeopardising the recipes we love too much.
We've done this for years that we haven't really though much of it and enjoyed many dishes with yoghurt since.
We recently bought some full fat Greek yoghurt as we are introducing it to our baby. We bought a large pot as we thought it would be nice to treat ourselves too seeing as we need it for the little one anyway.
Hot damn. It's only plain yoghurt but it tastes so ridiculously decadent and creamy. We'd forgotten what we had been missing and I feel like I have been cheating my taste buds for so long.
Already made my best butter chicken in years and today, I had the most delicious granola, fruit and yoghurt for breakfast.
I'm not looking forward to when we use whole milk over our semi skimmed. It will be the cups of tea from my childhood and I won't want to look back.
Any of you have anything similar where you've had a "reduced x" version of something for so long and then realised the error of your ways when returning to the good stuff?
I put the following on r/WallStreetBets, but I can share it here, too.
I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall. Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front: We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes:
Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.
Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.
Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-shitting fear.
Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.
At approximately 9:58 am, the stock had reached $468 in a parabolic move.
Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.
The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.
Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market. I saw an unsubstantiated post from a user who said a small sell limit order executed at $2600 for him. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the share... keep reading on reddit ➡