diff --git "a/reddit_finance_43_250k_134.txt" "b/reddit_finance_43_250k_134.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_134.txt" @@ -0,0 +1,10000 @@ +**Key Takeaways** we can learn from + +* Buy companies that **sell pickaxes to gold miners** (i.e. suppliers to something that is going to take off in the next 5-10 years). +* **Scale:** how easy can a company scale its operations +* Buy companies that are **already doing ok financially** +* While most acquisitions are bad, some **strategic acquisitions** by tech companies actually are incredibly value-enhancing (look at Facebook and Instagram, or Afterpay and XXX). Be on the lookout for this. +* Look at **market cap compared to the potential future market** the industry the company operates in to try and find companies that can rapidly expand +* Buy companies with **good positioning** (i.e. already have reasonable contracts in place/ customers with a high barrier to entry) + +**Stocks like this today:** + +Based on this case study what stocks look like what Appen did 5 years ago? + +We can start by filtering companies based on their financial metrics using a stock screener ([https://au.investing.com/stock-screener/](https://au.investing.com/stock-screener/) ). + +In this case, the filters applied: + +* **Sector:** Technology (because tech companies can scale) +* 10m < **Market Cap** < 70m (we want misunderstood tiny market cap companies with opportunity to double, triple or even 10x their size) +* P/E > 0 i.e. Positive **earnings** (already making some money) +* **Revenue** a decent size (>5m) + +**This gave us 13 companies, which we had a quick look into:** + +* **Corum Group** \- Declining rev since 2017, operate in the Pharma industry which we don’t really understand. We’re happy to skip this one. +* **Xtek Ltd** \- Defence technology and equipment supplier, decent revenue growth. Solid macroeconomic tailwind, but long sales cycle. We found a research report if you’re interested here ([https://www.xtek.net/sites/drupal-7-58.dd/files/XTE.ASX%20-%20XTEK%20Limited%20March%20-%20Mawson%20Graham%20Research%202019.pdf](https://www.xtek.net/sites/drupal-7-58.dd/files/XTE.ASX%20-%20XTEK%20Limited%20March%20-%20Mawson%20Graham%20Research%202019.pdf)) +* **Rectifier technologies -** potentially a pick and shovel play for electric vehicles. Worth diving deeper into. +* **Adacel technologies limited** \- air traffic control and management. We’re not too keen on the travel industry right now.. +* **XRF Scientific Ltd** \- testing chemical composition of minerals. Not in our circle of competence, but could be a solid play. +* **Excelsior Capital** \- manufacturing and marketing of cabling and electrical products. Again, not in our circle of competence. +* **Azure healthcare** \- not much revenue growth since 2017. +* **Cirrus networks** \- design, manage and build IT infrastructure. On the surface, not that exciting… +* **Vortiv** \- provide cloud and cyber security services to institutional and government clients. Profitable and may still have plenty of growth to go considering escalating cyber security concerns globally. +* **Commschoice** \- cloud communications for business. Might be worth a look. +* **PS&C Ltd** \- founded in 2013, share price decline since then, revenue not growing. Maybe consider if you want a turnoaround +* **Connexion Media** \- Internet of things company working on connecting cars together. Could be a nice pick and shovel play for connected cars. Has solid partnerships as well. Interesting... +* **Energy Tech** \- An investment group focused on the electric power industry. Could be worth digging deeper. + +So basically the above represent possible "next Appens". Obviously still DYOR, I own none of these above stocks yet... + +Some l**imitations:** + +* Just because Appen did well, doesn’t mean there are necessarily any companies that will do well on the exchange today with similar attributes to Appen had in 2015 +* We are only basing this on one company (Appen), so we miss out on other attributes common to other successful companies +* We’re applying arbitrary cut-offs in our initial screening process (you can adjust these though) +* We’re looking at a winner, what if these attributes are also common amongst failed companies… possible survivorship bias + +What do you think? + +&#x200B; + +EDIT: + +Note that these 13 companies are just the initial screen, from my quick suss it'd probably only worth be looking into Connexion, Vortiv and Rectifier + a couple of the others if they are within your circle of competency (you know how their industry works) + +If you liked this analysis, I am gonna keep doing this each week [here](http://thehypetrain.substack.com/), but I'm going to post these on reddit anyway... because its interesting shiz and seems to be well received. + +And yes, there is hope that CXZ will turn it around. + +&#x200B; +The lithium celebrities have come for ASX-listed Lake Resources. + +The company, worth $570 million, has signed a deal with US-based lithium extractor Lilac Solutions, which will help get Lake Resources’ South American project into production and include an expected $US50 million investment + +Lilac, which has ties to Bill Gates and Jeff Bezos, is understood to have committed to stump up technology and engineering plants at Lake Resources’ Kachi project, and will take as much as a 25 per cent stake at the project level for its efforts. + +Lilac will also be responsible for setting up an on-site demonstration plant, and help fund capital costs required to get into production. +Aside from my $5k in student loans at the moment, I am now $3k into medical debt. The emergency room is taking up most of that, but the rest is medical debt in collections. Currently paying off collections but the ER bill made me flip my shit. + + +I am a full-time student and have a job where I work about 30-40 hours/week. I only make around $1200/month. I'm lost on how to pay this all off. My parents are bad at their financials so I don't want to ask them. My dad still claims me as a dependent since I live with them so I am on his healthcare and not something like Medicare but his health care is shit half of the time and leaves me with bills like this. + + +How can I financially plan this all out? I feel like I am losing control of everything. +Sup apes. In my first [DD last week](https://old.reddit.com/r/wallstreetbets/comments/nxhh7d/crsr_dd_or_why_you_should_park_all_your_cash_in/), I gave a short rundown of why Corsair is incredibly undervalued, and how it should be in **everyone’s portfolio**. With Part 2, I’m addressing a lot of the comments I got as well as going a bit deeper into how Corsair will make this industry their bitch and reach ATH in 2021. + +- + + +**Why is Corsair in a strong position to leverage the gaming and streaming industry?** +- +Corsair didn’t snooze, but rather spend the last years hunting for good companies to acquire. Being well funded, profitable and raking in cash every year allowed them to expand in all directions with a core focus on the fastest growing niche: Streaming. Have a look at their investor relations page: + +- + +*“Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. Our industry-leading gaming gear helps digital athletes, from casual gamers to committed professionals, to perform at their peak across PC or console platforms, and our streaming gear enables creators to produce studio-quality content to share with friends or to broadcast to millions of fans.* + +*CORSAIR also includes subsidiary brands Elgato, which provides premium studio equipment and accessories for content creators, SCUF Gaming, which builds custom-designed controllers for competitive gamers, and **ORIGIN PC**, a builder of custom gaming and workstation desktop PCs and laptops.** + +- +With Elgato they positioned themselves years ago already to capitalize on one of the fastest growing entertainment subsegments (Streaming). While acquiring SCUF Gaming and ORIGIN PC allowed them to also expand and play in the console market as well as Pre Build PCs and laptops. **They basically moved up the ladder from RGB fans, keyboards, RAM sticks and Cases to EVERYTHING you need to play, stream or game properly.** + +**How much faster is Corsair really expanding?** +- + +I cannot stress this enough, but their last quarter results really blew it completely out of the water. Seeing how they raised guidance, I think August will be even more brutal. One for value: + +* **$529.4 million** in net revenue, an increase of **71.6%** year-over-year. +* **$175.9 million** net revenue for Gamer and creator peripherals segment, an increase of **131.9%** year-over-year. +* Gross profit was **$160.3 million**, an increase of **103.9%** year-over-year, with a gross margin of 30.3%, an improvement of 480 basis points year-over-year. +* Operating income was **$67.3 million**, an increase of **404.5%** year-over-year. +* Adjusted operating income was **$80.4 million**, an increase of **221.4%** year-over-year. + + +- +Do yourself a favor and whip up a site like FinViz, punch in your favorite meme stock and have a look at their revenue number vs market cap. There’s a reason why GME got picked up by DFV. Sales is still king and undervalued companies with aggressive growth have insane potential short and long term. + +- +**Why hasn’t it blown up yet to +100?** +- + +There is a good amount of chatter about two things. One being market manipulation, the other is that there is very little retail investor interest, compared to the amount of net sellers. The second point actually holds up, the stock never really got picked up by retail investors (or apes) and a lot of the commenters that did buy it up, mentioned how they were perfectly content with amassing shares every month while the price is still low. Pure but selfish value investing. + +- +**Eagle What?** +- + +This one was also pointed out a lot. Corsair is owned by a private equity firm called EagleTree. They purchased the majority stake back in 2017 (which in turn allowed Corsair to expand much more aggressively) and now is obligated to reduce their share position over the next years until they only hold 10% of the company. + +They currently hold 61.9%. The shares sold are mostly picked up by **Vanguard**, **Blackrock** and a few other small institutions, plus retail of course. Looking at insider transactions we can see that EagleTree usually sells shares twice a year with the last transaction happening **June 3rd 2021**. + +This point doesn’t concern me too much personally, as it’s normal for private equity firms to reduce their stake after IPOs and Corsair is barely dipping $2 even with EagleTree selling 5 million shares. Now having sold their shares just now, it will probably be quiet for the next 6 months. + +- +**Back to 2021 and how you can make money** +- + +They have a strong customer base which they've built up over the last 20 years, and thought f+ck it, let’s go all in on this market. Tits and streaming? Amazing! Controllers for consoles? Let’s do it. RGB Spinners on your lambo? Fuuckyea. + +- + +Instead of focusing on boring office peripherals that every Chinese company provides, they instead decided to slap RGB on everything and are loved for it. + +- + +**Now EagleTree is gonna continue doing what eagles do, and we will continue doing what apes do. I’ll continue buying this company and watching their ER like a hawk while analysts jack themselves off over the sort of numbers Corsair hits out every quarter.** + +- +I said it once, and I’ll say it again. If you don’t hold Corsair shares, you are pretty retarded. But since that’s half the sub already, just do your wife’s boyfriend a favour and pick up some shares while they are still dirt cheap. He will thank you for it once they hit **$70** or even blow through the stratosphere with **+$100.** + +- + +**TL:DR** + +Corsair CEO Smart. Put this in your boomer dad’s portfolio (shares) and If you like gambling, buy some calls. + +- + +Position: 100 shares at $33 and 12x 40$ Nov Calls. (yes I’m poor, and you can do better). +https://www.theguardian.com/australia-news/2020/aug/15/coalitions-homebuilder-scheme-attracts-less-than-250-applicants-and-no-payments-have-been-made?CMP=Share_AndroidApp_Post_on_Reddit + +Does this mean consumers are too conservative to bite the bullet +I was reading an article making fun of millennials (of course) for underestimating how much they needed for retirement. The article said you should have around 75% of your current yearly income for every year of retirement…ok. + +But how can I save 75% of my annual income every year other than by putting 75% of my check in the bank? I have an IRA account at work but it doesn’t appreciate *that* much to account for that much of an increase I don’t think. I’ve been putting in it, with my employer matching up to a certain amount, for almost 4 years now (first job that had this benefit and first job after graduating college) and it has a little less than $9K in it….at that rate it will definitely not be enough to retire on at the recommended sum. Not even close. I make around $50K…which is pretty typical in my area and career, it’s not going to change that much except with a gradual “cost of living” rise. + +Am I missing something here? I also try to save $500 a month…which I think is pretty good, but that gets dipped into now and then…like recently when I bought my first house. Down to $3K in savings…and the house expenses are creeping up. And I want to go on vacations and stuff…I don’t live lavishly, I’ve never even seen the ocean. My last vacation was to a cabin in Arkansas…I do eventually want to go overseas on vacations, but I’m just trying to say I’m not buying like 3 lavish trips a year and then wondering how I can ever retire. I saved very well to raise $10K to buy a house and am proud of it. I’m just saying that when I save $500 a month, it’s not just going untouched…I have to dip into it now and then and *want* to as well, because what’s the point of life if I can’t go on trips now and then? I don’t want to wait until I’m 65-70 to see Italy or China and that’s a common sentiment I believe. + +What am I missing here? How do I save for retirement properly? Thank you. + +UPDATE: thanks everyone. I did understand the article meant that I would likely want 75% of my current annual income for every year of retirement to live comfortably…as in it will probably cost 75% of $50K for me to live similarly when I’m retired. I just didn’t know how I could get that much *without* literally putting that much away, which would be impossible for me. I think it’s sad that no one in high school or college (I obv didn’t major in finance) taught anything about retirement, investment accounts, etc. Imo that’s way more useful than college algebra (for a non math major), which is a required course regardless of major. + +So now my thing is that should I just put more in my IRA account (which they tell me will be taxed when I cash it in) or should I open a separate account? Like the people I have my IRA account with told me I could start an IRA Roth account and that it would be taxed when putting in, but not taxed when I cashed it out….so that seems like I should open the Roth and put the additional funds in there, and just keep the IRA for the amount my boss will match up to. Does that sound good? Or should I just have some other kind of investment account? Thank you. +I was reading an article making fun of millennials (of course) for underestimating how much they needed for retirement. The article said you should have around 75% of your current yearly income for every year of retirement…ok. + +But how can I save 75% of my annual income every year other than by putting 75% of my check in the bank? I have an IRA account at work but it doesn’t appreciate *that* much to account for that much of an increase I don’t think. I’ve been putting in it, with my employer matching up to a certain amount, for almost 4 years now (first job that had this benefit and first job after graduating college) and it has a little less than $9K in it….at that rate it will definitely not be enough to retire on at the recommended sum. Not even close. I make around $50K…which is pretty typical in my area and career, it’s not going to change that much except with a gradual “cost of living” rise. + +Am I missing something here? I also try to save $500 a month…which I think is pretty good, but that gets dipped into now and then…like recently when I bought my first house. Down to $3K in savings…and the house expenses are creeping up. And I want to go on vacations and stuff…I don’t live lavishly, I’ve never even seen the ocean. My last vacation was to a cabin in Arkansas…I do eventually want to go overseas on vacations, but I’m just trying to say I’m not buying like 3 lavish trips a year and then wondering how I can ever retire. I saved very well to raise $10K to buy a house and am proud of it. I’m just saying that when I save $500 a month, it’s not just going untouched…I have to dip into it now and then and *want* to as well, because what’s the point of life if I can’t go on trips now and then? I don’t want to wait until I’m 65-70 to see Italy or China and that’s a common sentiment I believe. + +What am I missing here? How do I save for retirement properly? Thank you. + +UPDATE: thanks everyone. I did understand the article meant that I would likely want 75% of my current annual income for every year of retirement to live comfortably…as in it will probably cost 75% of $50K for me to live similarly when I’m retired. I just didn’t know how I could get that much *without* literally putting that much away, which would be impossible for me. I think it’s sad that no one in high school or college (I obv didn’t major in finance) taught anything about retirement, investment accounts, etc. Imo that’s way more useful than college algebra (for a non math major), which is a required course regardless of major. + +So now my thing is that should I just put more in my IRA account (which they tell me will be taxed when I cash it in) or should I open a separate account? Like the people I have my IRA account with told me I could start an IRA Roth account and that it would be taxed when putting in, but not taxed when I cashed it out….so that seems like I should open the Roth and put the additional funds in there, and just keep the IRA for the amount my boss will match up to. Does that sound good? Or should I just have some other kind of investment account? Thank you. +APES! + +The price you see on your broker is the average price between the bid and the ask. The bid is set by the buyers and the ask is set by the sellers. The market makers (Shitadel and others) make their money on the difference. The more liquid a security (which GME isn't at all, hence the extremely low volume and blatant manipulation) the tighter the spread between the Bid and the Ask. Below is an example of GME's spread from today. + +&#x200B; + +[This is the bid and ask, but on your watchlist it would say the price is $155.29 because it's in the middle of the two.](https://preview.redd.it/09x8ct2gget61.jpg?width=1125&format=pjpg&auto=webp&s=ad353c9192f43c7a4c50abfccb09c2795ec8f370) + +When you go to sell on Robinhood and other "user friendly" brokers, the order type you're executing by default is a market order. If you sell a market order it will fill at the BID price, NOT the price you see in your watchlist. This usually doesn't matter as much if you don't care about the pennies, but when this blows and GME is trading at $1,000,000, who knows what the spread will be. It wouldn't be unrealistic to think the Ask could be $1,020,000 and the Bid as $980,000 which would look like the price is trading at $1,000,000. When the hedge funds get margin called, they are placing huge market buy orders which fill on the ask. Why would you sell at the Bid when you know these criminals have to buy on the Ask? Selling using a market order will not hinder the squeeze, but it will eat at some of your potential gains; and I don't know about you but I am sucking these motherfuckers dry. + +&#x200B; + +I will see you all on the moon my friends. It is inevitable. + +Not a financial advisor and this isn't financial advice. +The Small Business Administration said Thursday it is out of money for firms that are seeking loans from a key program to cover expenses during the coronavirus pandemic. "The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding," the agency said. "Similarly, we are unable to enroll new PPP lenders at this time," the SBA said. The statement comes as lawmakers on Capitol Hill are wrangling over replenishing the program. + +From: https://on.mktw.net/3a99oJK +Anyone else notice how the YouTube stock fan boys and girls all seem to have gone into the witness protection programs? I used to watch 8 or more posting every day, now nothing, some for weeks some 2 + months no videos. +My previous post here had a lot of people come out and say Shkreli has done a terrible job of managing his previous companies and using unscrupulous means to get to where he is today. I'm curious how you can do that and come out with 40 million dollars. + +It definitely was not salary. So how do you get 40 mil in the bank doing a poor job? Genuinely curious +To claim unlimited tax deductions according to the IRS one must be a “Real Estate Professional.” ( seethe two criteria at IRS site) Otherwise you’re capped at $25,000 unless your adjusted gross income is over $150,000 then it goes away ( I know you store it up against the future) So at how many properties did you start claiming tge professional status for tax purposes. +Curious to know what others on here take care of as the landlord vs what you pass on to your tenants. + +On the spectrum of changing lightbulbs / smoke detector batteries all the way to repairing water damage / leaks - where do you draw the line? + +For some context, I’m planning on becoming a landlord for my first rental property in the near future and am investing about 2 hours away from my residence. I’d like to manage it myself in the beginning so I’m attempting to gauge what the travel situation might look like. +When I was 17 years old my weight peaked at around 260 pounds. I was out of shape, pretty depressed, and found socialising hard, somehow (I still don’t really know how) I managed to get a girlfriend. Then we left for university and I managed to shed a few pounds just by virtue of having no money, but I was still making very unhealthy life choices. At the end of my third year, my girlfriend rightly dumped me. This shattered my world into a million pieces, I had no idea what to do. I begged her to take me back, cried a lot, and wallowed in my own self pity. I’d built my world around her and hadn't put any safety nets in place, there was no Plan B. I’d had blinkers on and had no aim or purpose. + +Right at the height of this despair, for some reason unknown to me at the time, I decided to go for a run in the woods behind my parents house. I couldn’t even run a single mile lap, it was embarrassing. From that day, I put an actionable plan in place. I ran, kickboxed and gymmed my heart out until my clothes were drenched in sweat. I actually almost collapsed a couple of times at the gym and kickboxing I was pushing myself that hard (always followed by a day off if that happened). I researched dieting, I didn’t starve myself at all, but slowly picked one thing to change. First, I stopped drinking diet coke, then I got rid of crisps, then chocolate. I slowly added protein shakes, eggs, chicken and slow carbs. I never did a fad diet, just simply monitored calories in and calories out.  The next year was the best year of my life at that point. I made great friends now I didn’t have my girlfriend to fall back on, I tried new things. Once I’d mastered my calories, I actually slowly stopped tracking them at all, gym became a habit with no schedule. By the end of the year I’d dropped down to around 175 pounds. I hit that weight 10 years ago this week and I’m still around 180 pounds. + +Well great, congratulations, you might be thinking, but what the fuck has this got to do with financial independence? I think everything, not just the fact that people make the biggest changes at their lowest points. Every good habit has common threads, and those are transferable to the next. The more disciplined improvements you make to yourself the more they snowball into better and better things. There are so many parallels in FI with healthy diet and exercise. + +**Track the numbers** + +You need to understand how many calories you bring in (your income) and how many calories you exert (your spending). Once you master this understanding it slowly takes less and less effort to maintain a good balance. I spend less than I earn. I track my net worth and spending now, but more for fun. Same as I stopped tracking calories and weighing myself religiously. + +**A systematic, actionable plan. It’s a marathon not a sprint!** + +Sustainable habits, no fad diets. Sure, there’s always some crazy success stories from fad diets (crypto, tesla, wallstreetbets etc.). Some of those diets might even get proven to have a long term benefit. But you can’t beat the amount of success people have from having strong, repeatable, simple proven systems which are easy to maintain. You want a plan that you think will still work in 30-60 years. The weight loss is just the tool to a healthier life, same as FIRE is a tool to an end goal. + +**Keep it simple.** + +Lift big, eat less, keep moving. Earn more, spend less, invest. The fact you are saving is the biggest driver at first, don’t worry about the fund split. You don’t need the fancy exercise plan or the fancy financial advisor, although if that works for you no judgement here. + +**Keep it healthy.** + +Undereating is bad, so is punishing yourself by being too frugal. If you over exercise at the gym you crash and burn and get injured, the same as overworking to speed up FI. That first few months of weight loss Id do crazy shit like run 5km and then go to a kickboxing class. Same as at first with FIRE id try and save 50c on something pointless. Have a healthy end goal and don’t let it consume your life. + +**Mental Health is Important** + +Psychology and healthy sleep is becoming a bigger proven factor in weight loss, I don’t know this for a fact, but for me it seems a lot harder to save when I’m depressed. I usually sort that out first and relax my rules a bit. My spending has doubled in the last few of months while I’ve sorted my shit out through a bad patch. + +Hopefully that gives at least one person out there motivation to make a change or keep doing what you are doing. Put a solid, achievable plan in place, run your own race, and the changes will happen before you even realise it. Good luck! +GME: 8am reports 1.1 million new shares available to short + +NV@X: 8am reports 2.3 million new shares appear available to short (also a low float, almost dead, Citadel short play) + +Popcorn: 8am reports 8 million new shares appear available to short + +Blueberry: no event + +This is not just a thing affecting GME. Look around bois! Bullish AF. + +Edit: [source](https://fintel.io/ss/us/gme) + +Edit2: AND GYRLS! + +Edit3: For discussion purposes, there seem to be a few theories in play. + +1. Shorts closed over the past few days and returned shares all at the same time, this am. +2. Shorts are closing today and shares haven't settled (I have no idea about process here) +3. Shorts aren't closing at all, this is normal market behavior and I'm a retard. +4. Shorts are returning borrowed shares that were never sold. + +Edit4: As of 12:06pm, of the 3 examples above, **only $GME's have been reborrowed.** 🤫 + +Edit5: Really didn't expect this to take off like it did, so I would like to leave this thought based on a lot of the "I'm disappointed" comments below: Borrowing available shares has nothing to do with this post. This post, is effectively about either mass returning and/or magic availability of large quantities of shares across more than just this stock. We are not unique in that all of a sudden at 8am this morning, millions and millions of shortable shares appeared across stonks. If we dig further I bet the list is much larger than these 3 examples. What is unique, is that out of the examples above, only $GME's have been borrowed back already. +Hello Apes, I've compiled the latest insider and institutional ownership data for Q1 2021. TL;DR is at the end. + +# Shares Outstanding + +GameStop had 70,031,650 shares outstanding as of 1Apr2021 and currently has 73,531,650 shares outstanding after their 3.5 M share ATM offering. We will use the 73,531,650 number for this calculation. + +https://preview.redd.it/brdo2tnmyqz61.png?width=996&format=png&auto=webp&s=f7d9d103b83289deb3fb2ed2ec211eede00c9a6a + +# Insider Ownership + +I compiled the 'Form 4' filings from all GameStop insiders. Insider ownership is 11,416,297 to 12,318,561 shares (15.5 - 16.8% of shares outstanding). It's likely that Jim Bell and Frank Hamlin sold their shares after they left GameStop. And since they are no longer insiders, they are not required to report their positions. We will use the 11,416,297 number for this calculation. + +https://preview.redd.it/ewvmu1eoyqz61.png?width=899&format=png&auto=webp&s=29619f8b6892208a7e9dd87ce90dedf2be43f5a5 + +# Institutional Ownership + +I compiled the latest SEC filings for 350+ institutions [in a separate post](https://www.reddit.com/r/Superstonk/comments/nbscy6/whale_watch_q1_2021_update/). Institutions own 26.2 M shares (35.6% of shares outstanding) as of 31Mar2021. Institutions sold 53.3 M shares in Q1 2021, and it looks like many of them paper handed during the Jan mini-squeeze. + +Insider + Institutional = (11.4 M + 26.2 M + 9.0 M) / 73.5 M shares outstanding = 63.4% + +Note: This calculation does not use the 10-20 M shares in ETF’s and mutual funds. I believe these are already counted in the institutional shares which is why Blackrock, Vanguard, State Street, and Fidelity are so high. The one exception is Fidelity where there are over 9 M shares in ETF's/mutual funds but Fidelity reported that they sold 9 M shares. That's why I have a placeholder 9 M shares in the calculation above for the top 3 Fidelity funds (FDMLX, FLPSX, FNDX) and will update when their # of shares gets updated. + +# Retail Ownership + +Many apes have posts on estimating retail ownership. Here are just ten good DD's: + +* [https://www.reddit.com/r/GME/comments/m54vpq/serious\_dd\_retail\_ownership\_using\_public\_data/](https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/) by [u/DiamondsApes](https://www.reddit.com/user/DiamondsApes/) +* [https://www.reddit.com/r/Superstonk/comments/mzuodo/final\_update\_superstonk\_users\_alone\_hold\_between/](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) by [u/TheCaptainCog](https://www.reddit.com/user/TheCaptainCog/) +* [https://www.reddit.com/r/Superstonk/comments/myaxaw/update\_retail\_users\_own\_at\_absolute\_minimum\_138/](https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/) by [u/TheCaptainCog](https://www.reddit.com/user/TheCaptainCog/) +* [https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated\_dd\_i\_did\_the\_math\_there\_is\_literally\_no/](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) by [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) +* [https://www.reddit.com/r/Superstonk/comments/n4kwh1/we\_own\_the\_float\_or\_do\_we\_a\_statistical\_attempt/](https://www.reddit.com/r/Superstonk/comments/n4kwh1/we_own_the_float_or_do_we_a_statistical_attempt/) by [u/Phr3nic](https://www.reddit.com/user/Phr3nic/) +* [https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail\_owns\_over\_500m\_shares/](https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail_owns_over_500m_shares/) by [u/catsinbranches](https://www.reddit.com/user/catsinbranches/) +* [https://www.reddit.com/r/Superstonk/comments/mwskkv/retail\_easily\_owns\_100300\_of\_the\_remaining\_float/](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) by [u/ChefLambsauce1](https://www.reddit.com/user/ChefLambsauce1/) +* [https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity\_users\_alone\_own\_the\_float/](https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity_users_alone_own_the_float/) by [u/cartifrog](https://www.reddit.com/user/cartifrog/) +* [https://www.reddit.com/r/Superstonk/comments/nb3sbf/we\_could\_own\_209\_of\_total\_outstanding\_shares\_and/](https://www.reddit.com/r/Superstonk/comments/nb3sbf/we_could_own_209_of_total_outstanding_shares_and/) by [u/sandric27](https://www.reddit.com/user/sandric27/) +* [https://www.reddit.com/r/Superstonk/comments/n8vuea/ever\_thought\_about\_how\_much\_shares\_the\_apes\_of/](https://www.reddit.com/r/Superstonk/comments/n8vuea/ever_thought_about_how_much_shares_the_apes_of/) by [u/joncohenproducer](https://www.reddit.com/user/joncohenproducer/) + +Edit: Here are some new ones: + +* [https://www.reddit.com/r/Superstonk/comments/nmv8p0/for\_the\_curious\_wondering\_how\_many\_shares\_we/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nmv8p0/for_the_curious_wondering_how_many_shares_we/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/cieborg](https://www.reddit.com/user/cieborg/) +* [https://www.reddit.com/r/Superstonk/comments/nnngl6/update\_dd\_i\_did\_the\_math\_latest\_nordnet\_and/](https://www.reddit.com/r/Superstonk/comments/nnngl6/update_dd_i_did_the_math_latest_nordnet_and/) by [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) +* [https://www.reddit.com/r/Superstonk/comments/npdoui/attention\_i\_believe\_uthebadsantas\_post\_about\_an/](https://www.reddit.com/r/Superstonk/comments/npdoui/attention_i_believe_uthebadsantas_post_about_an/) by [u/kamayatzee](https://www.reddit.com/user/kamayatzee/) + +If retail ownership is: + +* 50 M, then there are 100.1 M shares (real + synthetic), apes own 50.0% of GameStop +* 100 M, then there are 150.1 M shares (real + synthetic), apes own 66.6% of GameStop +* 150 M, then there are 200.1 M shares (real + synthetic), apes own 75.0% of GameStop +* Edit: I added an extra 3.5 M shares to the totals for GME's new share offering, it was originally based on 70 M shares. I also deleted the short interest calculation as it was causing confusion since I was doing it a different way. + +**TL;DR: Apes likely own 50+% of GameStop and we won't know how much until the proxy vote. Most whales are not in the rocket, they paper handed \~53 M shares in January. While this means that the short interest is not as high as we estimated before, it's also good news since apes control the rocket and how high it goes. We don't need to worry about whales paper handing early during the MOASS. And shorts have to get our shares if they want to cover. That's why they've spent the past 5 months running a FUD campaign against us to make us think we're powerless and small. And that's why it's very important for apes to VOTE in the shareholders meeting! Everyone's vote is needed to expose the abusive short selling. Even apes with X shares matter.** 🦧🦍🦧💪 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +As always, none of this is financial advice. I just like the stock. Do your own DD before making investment decisions. + +Data compiled from: + +* [https://news.gamestop.com/financial-information/sec-filings](https://news.gamestop.com/financial-information/sec-filings) (Insider Data) +* [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) (Institutional Data) +Fellow Superstonk member [u/nmorgan81234](https://www.reddit.com/user/nmorgan81234/) was denied their FOIA request. + +[https://www.reddit.com/r/Superstonk/comments/oflfs3/foia\_appeal\_update/](https://www.reddit.com/r/Superstonk/comments/oflfs3/foia_appeal_update/) + +This request pertained specifically to documents involving GME and the January event. + +The FOIA request was denied because of this: "Exemption 7(A) authorizes the witholding of "records or information compiled for ***law enforcement*** purposes, but only to the extent that production of such law enforcement records or information... could reasonably be expected to interfere with enforcement proceedings." + +Read those words again carefully. **If there were no law enforcement proceedings then they wouldn't have had a reason to deny the FOIA request.** + +I believe that we have been granted insight by reason of deduction from this request. + +If there's any legal broskies out there who'd like to chime in on this, please have at it. + +Your gonna get REKT frogman. + +Edit 1: Further to the SECs legal authorities. + +"While the SEC itself may not be able to bring formal criminal charges as an administrative regulatory agency, it does commonly partner with the FBI to aid in criminal investigations. When the FBI becomes involved, the stakes in any investigation are elevated far beyond fines and civil penalties. The feds can take immediate and severe action to charge individuals with [federal crimes](https://www.iannfriedman.com/criminal-defense/federal-crimes/)." [https://www.iannfriedman.com/blog/2019/march/can-i-be-charged-with-a-crime-by-the-sec-/](https://www.iannfriedman.com/blog/2019/march/can-i-be-charged-with-a-crime-by-the-sec-/) + +Edit 2: There's some pushback over the idea that the SEC is not law enforcement agency. I'll admit, i'm not sure anymore now. But if they are, they sure suck >!ballz!< at it. + +Edit 3: Leave it to a u/OrginalCanadian to crack the case. Looks like it is considered an LEA. I think? + +[https://www.sec.gov/enforce/how-investigations-work.html](https://www.sec.gov/enforce/how-investigations-work.html) + +So there you have it, it really is their job and it feels like they are mucking it up. +Here's a list of some of the datasets that might be relevant, I can also add anything on my [site](https://www.quiverquant.com/): + +[Stock trading by US Senators](https://www.quiverquant.com/sources/senatetrading) + +[Gamestop Twitter followers](https://www.quiverquant.com/sources/twitter/GME) + +[SuperStonk active users](https://www.quiverquant.com/) + +[Moves by whales](https://www.quiverquant.com/sec13f/tickerGME) + +[Moves by insiders](https://www.quiverquant.com/insiders/GME) + +[Off-exchange trading](https://www.quiverquant.com/offexchange/gme) + +[Fails-to-deliver](https://www.quiverquant.com/sources/ftd) + +Let me know what you think you'd be most interested in receiving daily updates on, and I'll probably throw together a handful of the top choices. As always, thanks for the feedback! +The psychology of control is all about the abuser convincing the victim of his or her inherent powerlessness. This is called anonymous authority and it’s a much more potent tool of manipulation and control than brute force. Brute force works but it invites resistance. And the threat of brute force needs to continuously be applied, which takes a toll on the power broker and means the second that brute force lifts the person or group being controlled rebels. + +The greatest trick power brokers in the modern age have pulled is to be more subtle with their manipulation. Those feelings of powerlessness get situated within the psyches of the people being controlled. Those people believe the feelings originate within them when really they’re being implanted from the outside. No brute force attack, but rather a sense that as one small, isolated individual with one small voice it’s pointless to try to change anything. + +When we believe we’re powerless we become powerless. It’s a self-fulfilling prophecy. Our behavior stems from our beliefs about ourselves and the world. + +It’s a guarantee that many apes have rationalized their inaction around DRS on the grounds that they don’t personally own enough shares to affect the outcome. + +What if 200,000 apes who own a conservative average of 50 shares each are all engaged in that same faulty thinking process? What if they all decided to exercise their own inherent, as yet untapped power, and register those shares tomorrow? + +That would be ten million shares direct registered overnight, more than the total amount registered so far. + +Apathy is the result of conscious or unconscious feelings of powerlessness. Why make an effort when that effort won’t influence the situation in any way? Beating apathy starts with questioning how and why those internal feelings of powerlessness arrived in the first place. Most of the time they were instilled into us from the power brokers around us who seek to control us for their own benefit. +I invested my yearly savings into btc right when it was highest because I thought it would hit $100000. Reality is my bitcoin positions are down 50%. I have never experienced such a huge loss in my entire life. I am not rich. I worked so hard for my money. Seeing btc fall so fast is giving me anxiety. + +I'm the one funding my sister's education which is really expensive. She's studying to become a doctor. It's why I invested in bitcoin in first place. The next payment is August. I always thought it will go back up by then so I didn't book loss till today. Now I feel very stupid. I dunno what to do. If it falls any further I won't be able to pay the fees. +[Blue Apron Slashes IPO Price 34% as Amazon-Whole Foods Looms](https://www.bloomberg.com/news/articles/2017-06-28/blue-apron-meal-kit-company-slashes-ipo-price-to-11-a-share) + +I had planned on making a small first-day play on this (the occasional IPO first-day trade is the only day-trading I ever do and it's always a relatively small amount that I risk). However, this news has scared me off. Will anyone be taking advantage of this potentially reduced price or does this news reinforce beliefs that this is a stay-away company? +Ok so the big sub has some meme post today comparing us to the worst of the conspiracy nuts. And yesterday I had to downvote a post here suggesting that we share some affinity with Reddit’s fucking whacked out conspiracy sub. So I think it’s time to nip this in the bud. + +To get a couple things out of the way: don’t comment with shit like “oh so you don’t think there are conspiracies/don’t think the government ever does bad things/etc.” That’s not what I’m saying. My personal opinions on whether the FBI obviously killed MLK when his message became too dangerous to the capitalist status quo are purely academic and have absolutely ZERO to do with the purpose of this sub. Let’s draw a distinction: + +>There is a difference between a conspiracy and a conspiracy theory. Conspiracies happen all the time. People get criminally prosecuted for them. Other people get away with them. Many are financial criminal conspiracies. + +>A conspiracy *theory* is a defined belief in some specific unproven conspiracy. Over the years, many specific theories have gone way way way too far. These can become incredibly dangerous and detrimental to society. They can also become highly vilified by society at large. Both the conspiracy sub here on Reddit and the absolutely batshit alphabet-based conspiracy we were just compared to on VVSB examples of the bad kind of thing I am talking about here. + +Superstonk is NOT, never has been, and must never become a conspiracy theory forum. We are investors whose property is getting fucked with on the daily. We investigate that because the enforcement entities we should be able to rely on have failed to do so. This is categorically different from conspiracy theory shit. This is like if someone stole your bike and the police wouldn’t help, so you started investigating on your own. If you happened to uncover a larger bike-theft ring in the process—well then you uncovered a criminal conspiracy, but nowhere in the process did you ever become a “conspiracy theorist.” + +I just wanted to put this out there and encourage people to ALWAYS report posts that encourage engagement with conspiracy theories, particularly well-known, dangerous ones. We should not be linking to conspiracy forums. We should not be discussing things that don’t directly pertain to the integrity of our investment. + +Thanks my friends. + +Peace, love and NFTs ✌️ +The original deal breakdown post and before pictures is here [https://www.reddit.com/r/realestateinvesting/comments/dypibu/24k\_3\_bedroom\_deal\_breakdown/](https://www.reddit.com/r/realestateinvesting/comments/dypibu/24k_3_bedroom_deal_breakdown/) + +This deal was done in conjunction with another investor. Unfortunately due to illness with the crew and starting from scratch on the gas lines we went over budget for the first time in a long time. Purchase price was $24K, we had targeted $3.5K in renovations, but ended up spending $4.6K, making the all in price just under $29K. Renovations included minor electrical, drywall, lots of trim work, minor plumbing, leveling the floors, installed new vinyl plank, new heating and air, and all new gas lines. The gas lines were the big issue here because there wasn't room to access them in the crawl space, and in order to get to them from above we would have had to rip out a significant portion of the sub floor. The only other option was to start from scratch and run all new lines, which we decided was the best of the available options although it would wreck the budget. + +We now have it rented for $750 per month. ARV is between $65k - $75k. I've included the post renovation photos below. Just a couple of notes on the pictures. We didn't get a good post reno picture of the utility room, so I used one that was taken during renovations. Also you'll notice some pretty crazy trim colors on the two smaller bedrooms. The new tenants wanted that in the children's room and play room. Not a big deal and quick and easy to change down the line to match the rest of the trim in the house with our usual colors. Also you'll notice there aren't doors on the kitchen cabinets. Rather than making custom doors, we went with an inexpensive black fabric that wasn't yet installed in those pics. It allows the owners to use them as open shelving or use a "curtain" style cover up. [https://imgur.com/a/uYvnZqP](https://imgur.com/a/uYvnZqP) +After talking to my aunts, uncles, and other family members, I'm reasonably sure that the herd is not here. Most of them have started seeing headlines about bitcoin here and there, but none of them have bought. + +Not a single one of them know about Ethereum and altcoins. And these are mainstream adults with money and exposure to financial media. One is a lawyer at a bank, another a former financial advisor while the last one is an executive at a solar company. + +They've all heard of Bitcoin but know nothing and are borderline interested. 2018, 2019, and 2020 should be the years where we start seeing these people entering. + +Bullish. +Are stocks like APPL, MSFT, NVDA “enough” or do you really mean we should focus on stocks that don’t pay a dividend at all? + +My portfolio right now is: APPL, PEP, MPW, O, MDT, JNJ, MSFT, NKE, NVDA + AMZN, GOOGL and TSLA + +From all of these, the stocks with a higher growth after my first year investing were the ones that do pay a dividend, and even if my dividend return is still very low (take into account that I’m a student and my choices don’t have the highest of yields) I love seeing it grow and reinvesting. These 3 additional dollars I can invest every month motivate me so much. + +I’m thinking of selling my “only” growth stocks and put that money in APPL, NVDA and MSFT. Will I be missing out on big gains in the near future if I do so? +A couple of years ago I got into FIRE and was ecstatic, as most of you were the first time you heard about it and realized "wow, this can actually be done?!". So of course, saving and investing became a big part of my life. Earlier this year however, something happened in my life and I decided to also start taking care of myself. Went on a diet, started exercising and have so far lost about 30 lbs. + +I can now do 5K runs and I don't even feel it. It's nothing now. My goal is to work up to doing half marathons. Anyway, I recently started reflecting on what freedom really means to me. Freedom is not merely being able to give your stupid desk job the finger, or having the ability to spend your time as you wish thanks to material wealth accumulation. + +Freedom is thinking about what you'd really like to achieve in life, and then going for it without fear, regret or what anyone else thinks. Freedom isn't having the option to eat cheeseburgers and doritos all the time, even though it technically is. The problem with doing so is that it separates you from the best version of yourself, and the best version of yourself is the freest form of yourself. Think about it: + +The best version of yourself is the one YOU want to become. Want to be strong, athletic and have a nice body? Figure out what you need to do to get there. Take advice from guys who have what you want, replicate what they're doing, and eventually refine it such that it works better for you. This can only be done through self-discipline. Self-discipline = freedom, as Jocko Willink puts it. + +FIRE is ultimately a mindset. Besides, as Charlie Munger once said: "life is more than being shrewd at passive wealth accumulation". Don't get me wrong, keep saving, folks. Just make sure you focus on maximizing your freedom in other areas of life as well. Imagine how freeing it is to be able to run long distances and not have to worry. You can just do it. It takes you places. You see things, scenery, people. You challenge yourself and it makes you feel good afterwards. THAT is true freedom. + +Just sharing my two cents after a couple of years of following this sub. +So I’m a part time worker and a college student is it dumb to trade in my car 2019 Malibu For a 2019 Lexus? I’ll get 1k more than what I paid for my Malibu if I do but I’ll be paying 280$ more a month in car payments. I can pay off the Malibu this year if that means anything. +Hi, I'm 17 and from the UK, I currently have about £650 saved up and was wondering if anyone could offer useful advice on how to increase that amount through any simple low risk methods? +Hey everyone! I’m wondering if anyone has any suggestions to what kind of online work I could do to make some sort of decent income. Currently, I have an associate’s degree, and am in university, but I am really ill and cannot work a physical job. It’s been extremely stressful trying to find some type of work online to accommodate for the financial needs I have as most of everything appears either very scammy or does not offer much per hour. If anyone has had any luck or knows of any good resources to locate better online/remote work, please comment down below! + +Thank you so much for all your help! +&#x200B; + +My friend is getting evicted after not paying rent for 3 months. The only reason I know this is because I leant him $1000, not knowing that he was in such a deep pit. He had jobs fall through etc. Please don't come for me for being stupid for loaning him money, this isn't what this is about. + +He has applied for credit and gotten denied. What can he do to get a cash advance or personal loan or any sort of credit card? Anyone have any ideas? I would like to get paid back and also don't want to see him evicted so he can get back on his feet. + +I''m not sure what his credit score is, I didn't ask, but it is bad enough to get denied a credit card. +Hi, +is it possible for a young adult to become a profitable daytrader ? +I’am willing to spend most of my free time to become better but I haven’t jet found a place to start. +Any Ideas ? + +Kind Regards +Ben +Probably one of the hottest new stocks to launch, and the hype reads like a new Tesla or Amazon. I'm not sure though. Their business sounds like it's been sketchy for a few years and is there really any more you could innovate out of delivering pizzas to dorms? I'm 50/50 but the FOMO is real. +Evening all. Am considering pulling my \~ £25k out of my S&S ISA. I am heavily exposed to equities, in 4 strong funds focussed on the USA, UK and technology. + +I cannot help but think that the recent bullish run will come to a crashing end very, very soon: + +\- 40m unemployed in the USA + +\- No fiscal or monetary firepower is left + +\- Nouriel Roubini is warning of an L shaped "greater" depression, much worse than that in the 1930s + +\- The market prformance of the FTSE defies my mind, it is not reflecting what is going on + +\- On a basic level, there has been no significant economic downturn thus far from the Covid outbreak (I am discounting the initial "shock and awe" phase in March with Black Monday losses) + +\- When people return to work in August, vast numbers will find themselves fired as their continued employment is not economical. Mortgage holidays end in September and we may have a second wave hit hard over winter. + +Am considering pulling out of the Vanguard FTSE100 tracker which comprises 40% of my holdings. It is popular on here: but it has only been effective due to quantitative easing since 2011, which has ensured asset growth, and the recent trend towards low risk trackers will leave many heavily exposed. The "zero sum" principle that guides passive investing will work the same way in a depression: there cannot be infinite growth, and if the market falls, so too will your tracker fund. + +Am I wrong, am I right? Something doesn't add up and I am considering walking away. +Assuming that current global events trigger a massive economic crisis and/or runaway inflation, how safe is it to hold cash savings (10-20k) in an N26 account, in comparison with other banks? + +&#x200B; + +1. How safe is my money in the case of a bank run? (Does N26 engage in fractional reserve lending?) +2. What is the likelihood of N26 getting bailed out if it goes under? More or less than other banks? +3. What is their insurance and/or solvency situation? + +I can't seem to find this info anywhere online, so I hope someone here can help me. +I like the idea of having a strong emergency fund and plenty of extra cash in your checking account then just dollar cost average into index funds. + +However with new 52 week lows being made today and for myself having a steady job, no kids, and being able to live below my means every month I’m wanting to change my cash reserves from 7 months down to 2 months and hold the rest of my cash in my brokerage account buying the dips. What are your thoughts of holding cash in a bear market? + +Edit: Thanks for all your feedback. Trust me my job is really stable in the public sector and even if I did get fired on the spot, which I’ve never seen, I would still get a minimum of one week back pay and cash out all my annual leave I have saved up. + +I decided to keep my savings account untouched and cut the minimum amount I keep in my checking account by $2,000. The $2,000 will be in my brokerage account and I will invest it in one lump sum into index funds if the market REALLY dips. I will continue my same dollar cost averaging into index funds every month I’ll just have $2,000 less in my checking account and $2,000 in cash in my brokerage account(unless I invest that). + +Once the market recovers/stabilizes I’ll increase the minimum amount in my checking account by 2,000 and if I did not invest the 2,000 in my brokerage account I’ll transfer it back to my checking. If I do invest the extra 2,000 then I won’t sell the index funds I’ll just save up 2,000 real quick and add that to my checking account. + +Edit 2: Yesterday I transferred $2,000 out of my checking account and into my brokerage and bought two VOO at $343.79. The rest of my $1,300 is in cash in my brokerage account waiting for it to drop lower. I realize these numbers are small and aren’t sexy but I’m only 23 and just started on my career. +So this is a shoutout to all other XX or even X holders who have put in all they can. Don’t put yourself in financial jeopardy, you owe it to those shares to keep your bills paid and your head above water. Buy another share when you can but make sure you do whatever it takes to hold. + +This *is* financial advice. Not just this stock specifically but any investment in general. Put in what you can when you can but separate your financials. Keep your day to day and short term goals in focus, then invest a portion of whatever is left over. +Continually seeing comment after comment blaming the RBA for not taking action on house prices. Whilst lowering the cost of debt has certainly increased asset prices in Australia (much like everywhere else in the world), **it is not the responsibility of the RBA to bring these into line** + +The RBA has a 3 pronged mandate ; + +* Price stability, with a goal of keeping inflation in a 2-3% range over time + +* The maintenance of full employment; and + +* The economic prosperity and welfare of the people of Australia + +Now I know the geniuses of /r/ausfinance will say that house prices impact 3, but typically the RBA will focus on mandates 1 and 2 first, before shifting to 3. + +TL;DR + +RBA does not control house prices. +for context, let's say the trader has years' worth of experience and a prospering track record. I'm guessing after a certain period he would diversify his portfolio both long and short. But would he actually go YOLO on something one day and lose it all? And even if he doesn't go YOLO, is there still a chance that he would suddenly become a loser and quit trading for good? + +I mean does this happen frequently? Like what are the chances you will go totally bust even after reaching a significant milestone? +&#x200B; + +[u\/luridess on her way to 🦍, 🦍, & 🍌 LLP ](https://preview.redd.it/airs5qb0wv371.jpg?width=889&format=pjpg&auto=webp&s=62d262f18d48d781c20449ebc8a5c35ce5de3479) + +***\[Update: Thank you all for the kind words and comments. I've responded to some of you at the bottom of my post in order to keep the conversation going so that everyone can see it\]*** + +**INTRODUCTION:** + +The Gamestop Saga is an ever-evolving story. We have all come such a long way from when we first got involved by buying our first stock, posting memes, and wondering what the heck is going on. + +We've begun to dig deeper, look further, search for missing pieces, and connect the dots in order to paint a picture of what appears to be happening with Gamestop, Wall Street, naked short selling, and hedge funds. + +What began as individuals posting their thoughts/DD back in February and March, has now turned into a global hivemind where people from all around the world are coming together to collaborate in an effort to share knowledge, and data. People who only know each other by their respective usernames are working together to collect and gather information and they are sharing it with the rest of the world for no reason other than to share information. + +I think what's fascinating is not just the quality of the DD being posted, but the fact that the DD is coming from various angles: technical analysis, FTD cycles, dark pools, HFT, SEC filings, and US regulatory rule changes are some angles that come to mind. + +Each of these angles tells part of a story. Each one is a chapter unto itself. + +# What Wall Street is so desperately afraid of is the power of the r/Superstonk hivemind to post their collective chapters here so that together we can create a book and tell a story. + +&#x200B; + +**WHEN WAS GAMESTOP SHORTED BY HEDGE FUNDS?** + +For a few weeks now, I've been trying to find the answer to this following question: + +**"When did Hedge Funds first start shorting GME?"** + +Being a lawyer, I'm not good with stocks or the stock market in general. I asked around, but no one really seemed to have an answer. I didn't know where to go or what to search for, really, nor do I have any subscriptions to Bloomberg terminals or stock sites that provide this kind of data. + +It was only when u/HomeDepotHank69 posted [his DD today](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/), which is another excellent collaboration by a number of r/Superstonk users, that I was able to get the answer (or as close to the answer as possible) that I needed in order to share my chapter of the Gamestop Saga with the community. + +&#x200B; + +>**SI by the charts** +> +>Below is a chart that the quant apes gathered from Ortex showing the SI of the meme stocks over time. Many of you will say that this is inaccurate because the real SI is hidden. While we have many instances of that being true, this is the best concrete data that we can gather (much better than Fintel and FINRA), so it’s what we must use to avoid speculation. So, yes these numbers are probably an understatement but that’s a good thing because we do not want to speculate. If we can find significant results on incomplete data, our thesis is strengthened: + +&#x200B; + +[ \[Credit to u\/orangecatmasterrace\]](https://preview.redd.it/yoe6mfl90w371.png?width=1750&format=png&auto=webp&s=62be2900f0d15efec9fbe031a1b894adaadb2cfa) + +&#x200B; + +**MY PREVIOUS SEC LEGALESE TO APE SPEAK POSTS:** + +In my previous SEC Legalese to Ape Speak Posts, I shared information, made several thoughts/comments, went on a few rants, and also made a few predictions. That was my attempt to try and explain what I was seeing/reading and try to interpret it to plain-English. + +I also shared my interpretations/thoughts/comments, as well as a few predictions, **based on things that I was not seeing** in Gamestop's 10-K SEC filings. + +**A number of my theories turned out to be true.** + +My initial post had a side-by-side chart comparing Gamestop's 2020 and 2021 SEC 10-K filings. I posted it as a table directly to reddit, so it was difficult to properly format/colour code/merge rows/boxes. + +This time around, I made an excel spreadsheet and I've screenshotted it and uploaded it as pictures for you all, both to save text space but also to make it easier to follow along and read. + +I now present to you my Magnum Opus: + +# How Gamestop is using its SEC 10-K filings to fight back against targeted Naked Short Selling + +Gamestop's SEC 10-K Filings: A side-by-side comparison of 2018-2021 + +(empty boxes means that the risk factor was not present in that year's SEC 10-K filing) + +&#x200B; + +[\[Image 1\]](https://preview.redd.it/u1l4hi38wv371.png?width=1420&format=png&auto=webp&s=0f5c1dc3c00a28c17a6bf582673c2a915ca20af0) + +[\[Image 2\]](https://preview.redd.it/olcusor9wv371.png?width=1419&format=png&auto=webp&s=a666f16759761c3bfc26a07bac1ef964393e72e6) + +[\[Image 3\]](https://preview.redd.it/k3po9omawv371.png?width=1422&format=png&auto=webp&s=66435b37c88084945872f1008d9cb80c965fa17b) + +[\[Image 4\]](https://preview.redd.it/urteavebwv371.png?width=1420&format=png&auto=webp&s=aa942f29dd6dc7b9685369ba3cf5f8721583ae84) + +[\[Image 5\]](https://preview.redd.it/ugzz9b6cwv371.png?width=1418&format=png&auto=webp&s=bfa903dd8a1377fe34a70c2c73246f6ce456da05) + +[\[Image 6\]](https://preview.redd.it/8m6ruoycwv371.png?width=1419&format=png&auto=webp&s=0f8a2223d01ec1bb2da38ccac959b80c0ddb2dcc) + +What does the side-by-side comparison tell us? + +Well, a lot, actually. + +But the most significant piece of the puzzle is the last image with the Itemized List of Credit Risks/Indebtedness. + +# As we all know by now, the strategy of a short seller is to never cover their shorts. + +They achieve this by forcing a company into bankruptcy through stock price manipulation. + +From 2017-2019, Gamestop was at risk of going bankrupt, making it a huge target for ~~vultures~~ hedge funds. They could smell blood, and as the chart provided by u/orangecatmasterrace in u/HomeDepotHank69's DD showed, they started shorting Gamestop back in 2018, after their 2018 10-K SEC filing. + +This went on for 3 years. It appeared as if things were getting worse for Gamestop: + +* It was in debt; +* It was failing to attract key personnel; +* It removed stock dividends; +* It was falling behind to competitors like Amazon and Steam. + +To Hedge Funds, it seemed like Gamestop was bleeding profusely, and this emboldened them to short the stock even further - they were gambling on what appeared to be a sure-fire win. + +&#x200B; + +**Gamestop's 2021 10-K SEC Filing Changed the Game:** + +[In my first post](https://www.reddit.com/r/GME/comments/mc5jbj/breakdown_of_the_sec_legalese_from_a_fellow/), I commented that: + +* In 2021, Gamestop changed their Business Risk Factor title from "Risks Related to our Business" to "Risks related to our ability to grow our business"; +* In 2021, Gamestop completely removed their "Risks Relating to Indebtedness"; +* In 2021, Gamestop included, for the first time, "Risks Related to Our Common Stock" and: + * confirmed that "a large proportion of their stock has and may continue to be traded by short sellers" + * referenced a possible short squeeze in the future + +I theorized some possible reasons for this in my first, [second](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) and [third](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/) posts: + +* Gamestop no longer sees bankruptcy as a reasonable or forseeable risk factor in 2021 +* Gamestop is no longer in debt +* Gamestop is confirming that its stock was shorted and may still be shorted + +&#x200B; + +Recent events have shown that my theories were accurate. + +Here are just some recent updates, for example: + +* **Gamestop is now out of debt** +* Gamestop is thriving internationally (ex. updated its global websites) +* Gamestop is working on an NFT +* Gamestop has hired quality key personnel +* *Update:* Gamestop is updating its e-commerce strategy *(Forgot to add this in. This is important. See Image 3, Row 3, and my Update below)* + +&#x200B; + +**Why would Gamestop do this?** + +&#x200B; + +**The message that,** ***I believe***, Gamestop is sending its investors as well as those hedge funds who have shorted it is this: + +Gamestop is not going anywhere. + +Shorts must cover. + +💎🙌🚀🌕 + +[u\/luridess out!](https://preview.redd.it/6nhgafsh7w371.png?width=300&format=png&auto=webp&s=93f0e5b7258d41665e8d3990e5aeeae77c61bedf) + +&#x200B; + +***Edits/Updates:*** + +1. **New Observation as further proof that Gamestop is communicating with shareholders and hedgefunds:** In 2021, Gamestop very sneakily **referenced its e-commerce platform**, **for the first time,** as a possible strategy for retaining customers due to store closures. See Image 3, Row 3. (I forgot to add this in my original post above). +2. Added e-commerce as another recent update example, which is important given the clues Gamestop left in its 2021 SEC 10-K filing +3. In response to u/Meegeek's insightful [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0ymild?utm_source=share&utm_medium=web2x&context=3): + 1. Yes I agree with you - 10-K filings are the main communication tool for publicly-listed companies. Normally, these things are very dry and are only read by analysts/lawyers/professionals. + 2. It's also obvious that this was the case with Gamestop's previous 10-K filings. + 3. I agree with you that Gamestop's 2021 10-K filing is unique. + 4. The fact that Gamestop confirmed that its shares were shorted as of January 31, 2021, to me seems like Gamestop is saying between the lines: We are aware of what is going on, we are aware that we are being targeted by naked short sellers who are betting on us going bankrupt, and we are implementing fundamental changes to the company as a way to fight back. Game on. + 5. This is why we see not only a fundamental shift in risk factors, but also very specific language being used (For example, the addition of "e-commerce" as possible strategy for retaining customers due to store closures. These tiny few words hinted at what was coming, something that most of us missed on the first read: Gamestop's fundamental shift in its e-commerce strategy just weeks after filing its 10-K in March 2021) + 6. My theory is that Hedge Funds probably have hundreds of people hired whose sole job is to go through each company's 10-K filings and determine, on a year-by-year basis, which companies look like they will go bankrupt in the next few years or so. Then, armed with that information, they go after those companies. The side-by-side comparison of Gamestop's 10-K filings seems to be a perfect example of that, right up until 2021. +4. In response to u/readitfan's comment: I updated the image caption on the Mic Drop to reflect your comment. :) +5. In response to u/eastrod's [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yuqav?utm_source=share&utm_medium=web2x&context=3): + 1. Thank you. I will certainly take a look at Gamestop's 8-K after it's posted and share my thoughts. I'm subscribed to their SEC Filing RSS feed. + 2. In the meantime, [here's a link to last year's SEC 8-K](https://news.gamestop.com/node/18081/html), filed on June 18, 2020 after their June 12, 2020 shareholder's meeting. + 3. Here's the relevant wording used last year:"On June 12, 2020, the Company held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders voted on: (1) the election of directors; (2) an advisory non-binding resolution regarding the compensation of the Company’s named executive officers; and (3) the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 30, 2021.**First Coast Results, Inc., the independent inspector of the elections (the "Inspector") for the Annual Meeting, delivered its final vote tabulation on June 17, 2020 that certified the voting results for each of the matters that were submitted to a vote at the Annual Meeting. According to the Inspector's final tabulation of voting, stockholders representing 42,886,817 shares, or 66.4% of the Company's common stock outstanding as of the record date for the Annual Meeting, were present in person or were represented by proxy at the Annual Meeting."** +6. **In response to** u/eastrod's [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yxuh4?utm_source=share&utm_medium=web2x&context=3): I COMPLETELY FORGOT ABOUT THAT! You're right. Although I didn't know what was going on at the time, I did spot Gamestop slowly trickling shares into the market back on April 15 but no one listened to me 😥 + 1. **EASTER EGG UPDATE:** Another forgotten Easter Egg that I noticed in Gamestop's April 15 SEC filing but didn't know what was happening (because I completely forgot about this until u/eastrod mentioned it in a comment below) + 2. I [posted this](https://www.reddit.com/r/Superstonk/comments/mwup95/i_figured_out_why_uratioatblessons_mentioned_me/) a month ago in response to some of the conspiracy theories out there about me. It didn't gain a lot of traction and so not many people saw what I spotted: **That Gamestop's total share count was higher on April 15 than it had been when it filed its 10-K in March.** + 3. In that post, I basically said: +*"If you 🦍s do want to spend some time and energy chasing something, maybe you should try to figure out how Gamestop suddenly has 835,950 MORE shares as of April 15, than it did when it filed its 2021 SEC filing.* +*Could be nothing, could be something. I don't have enough wrinkles to figure that out. I'm just good at spotting differences."* + 4. My comment was dismissed, and no one bothered to follow up on that SEC filing. + 5. It was only after the fact that we all realized this was Gamestop slowly trickling shares into the market... + +&#x200B; + +&#x200B; + +&#x200B; + +***Not financial or legal advice*** +If there is, is there a point at where it effectively just becomes a form of rent-seeking? + +If there isn't, what policies would be most effective at redirecting corporate revenue towards more beneficial activities? +Is there any formal thinking or theory about wage stagnation that factors in the psychological step from five to six figures? + +I often felt like the reason there was a limit on the expansion on wage growth was not just technology and corporate restructuring benefiting executives in the last 30 years. + +If there wasn’t a a base 10 number system, would more employers be willing to go from 99,999 to 100,000 in raw value? + +Is there any research on this or am I just talking or if my rear? + +I was suggested to ask this here: https://www.reddit.com/r/Economics/comments/ci6brl/reconomics_discussion_thread_26_july_2019/evn0hcy/ +A few years back my mother fell down the stairs and broke her hip and had to move into a one level house. She didn't have the money and when I asked my four siblings to pitch in to help her, they all said they couldn't, so I bought my mom a place to live in. I make less than most of my siblings, but I've always been a saver, and I was happy to be able to help. She lived there about five years, and she died two months ago. When she died, her small estate was divided up five ways among us siblings, and I realized that by saving my mom rent money for five years, I was actually writing my brothers and sisters a check. This situation was completely my fault. I was happy to help my mother, but I should have had more forethought about how that all went down. + +But what happened with my mother got me thinking about what will happen with the money I leave to my own kids. + +I'm on the Trinity Study 4% bandwagon with my FI plan, with the intention of leaving a chunk of money to my three kids when I die. I am divorced, and my ex has a base salary that's the same as mine, but saves nothing for retirement and like my brothers and sisters, never has any money at the end of the month because of a house twice as large as mine, new car, etc. Like my brothers and sisters, my ex has never been a saver. + +If I die before my ex and leave this chunk of money to my kids, I think they are likely to use it to help my ex with retirement. + +Just as it seemed unfair for my siblings to get an equal share of my mother's modest estate when they weren't financially responsible enough to be in a position to help her, it seems unfair that the money I have saved may end up helping my spend thrift ex. I am not sure what advice you on this forum can give me, but I wanted to make the observation that if you scrimp and save and leave a chunk of money behind, it may very well go to someone much less frugal than you are who may blow on all the stupid shit you resisted buying along the way. + +And that kinda sucks. + + + +EDIT: +Lots of great advice on this post. Thanks! +Many people suggested a trust or stipulated will to make sure my ex doesn't get anything, but that seems petty to me. + + +Many other people suggested that I wanted to help my own mom, and I raised my kids to want to help their own parents which is a good thing. + + +My ex is being irresponsible by spending too much not saving any money, and my children will bear the burden of it when they have to take care of her. + + +Without any money from me, helping my ex would be a much greater burden on them, so leaving them money makes good sense, even if they use it to help my ex. +Market I am in is super hot, 20% appreciation in 2020. The house sold was a centre unit town home, 2 bath. My house is an end unit town home, 3 bath. With similar or better Reno’s done (currently doing), would the home likely get appraised at a similar value to the one just sold? How influential are comparable’s during an appraisal? Looking to refinance. +Biden starts process to remove cannabis from schedule 1 designation and pardon all federal prisoners. Cannabis related stocks along with the cannabis ETF's (MSOS, MJUS, and YOLO) rallied today 20-35% on the news. + +[https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html](https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html) +Hi guys, my hobby is creating spreadsheets and I decided to make a basic budgeting one for the fun of it. + +&#x200B; + +**What it does** + +It allows you to enter your own income and expense categories, assign a expected/budget value to them. You can then track them over a period of time. + +I set it up as basic as possible, so the expected income and expense budgets are static and not categorized into months, but for learning about budgets and not being overwhelmed with spreadsheet tabs I think it does a good job. + +&#x200B; + +[Pictures](https://imgur.com/a/GD4ugVY) + +&#x200B; + +**Links** + +[Monthly Parent Spreadsheet](https://docs.google.com/spreadsheets/d/1A8Jqxspl5UqLkg5LFGP9rtZhYq99JdJzvhoYL19iNT4/copy) + +* Day/Month/Year + * [$](https://docs.google.com/spreadsheets/d/1qB5pEdI4ctbWH_yR_XQDOhiCTOnn6CNEp8bq4Ur1DA0/copy) + * [£](https://docs.google.com/spreadsheets/d/1HGsvqEquenU1vi5YdFB5RDruJYrhZEikQypdooS5VhM/copy) + * [¥](https://docs.google.com/spreadsheets/d/1MaqXuyR9C4CyLJPo6GPGKvAZ7nxgj8xdQFAn4qR9AVw/copy) + * [€](https://docs.google.com/spreadsheets/d/1auBwt9tVGUgBCAKFcnJVg5FlOY9A7G08f5YPzcWNc7g/copy) +* Month/Day/Year + * [$](https://docs.google.com/spreadsheets/d/1rjX2GnG7AbI2iSK1DjDD8gPoQk478v8-cRE37-8pb_M/copy) + * [£](https://docs.google.com/spreadsheets/d/1fLGsQfvhUREfUOaBQCMe1H-9IozBJxDkGBvzEOnU-dM/copy) + * [¥](https://docs.google.com/spreadsheets/d/17izBodY47BEXchv4plljw7cFvVqnX4GIARGaizAFpG0/copy) + * [€](https://docs.google.com/spreadsheets/d/1cdLv_zrhSAaBX972t9BTbbzGhkslbEaK27pfAgSIIkg/copy) +* Year/Month/Day + * [$](https://docs.google.com/spreadsheets/d/1DqCQ-Fb8r4TvBBCJwUk2NamA1_ehWe-9CqUbLRz86BU/copy) + * [£](https://docs.google.com/spreadsheets/d/1QHaItmeiXHWF8018fBpOuGXyRQV-q-OC7gLNQ654MhA/copy) + * [¥](https://docs.google.com/spreadsheets/d/1zYP9LoWm-fbWBTSMKkEIP37cJ5OVvmqz309iIdN8ZgU/copy) + * [€](https://docs.google.com/spreadsheets/d/1vStZmvo2izf5hZxDkxwlnwqWmCyQ_3x3hYXXRkNZbeA/copy) + +[Weekly Parent Spreadsheet](https://docs.google.com/spreadsheets/d/14DNSqgTf7I2hOGYmqEl38sXTk8eqDA2QYepEuvLObGA/copy) (d/m/y) ($) + +Let me know what you all think! (*Especially if there are any massive oversights that I've overlooked*) +Pretty much everything we know about post-industrial economic development takes it for granted that as people become more wealthy, secure, educated, etc, they have fewer children. This is kind of surprising ecologically and not at all inevitable, but the effect has been so uniform we don't have good concrete examples of what the alternative might look like. Have any economists ventured into speculating about what the global economy and lifestyles in rich and poor countries might look like in a scenario where populations continued to boom in Europe, the US, etc, throughout the 19th and 20th centuries? + Hi! +I have recently decided to get into swing trading (stock) and study Technical Analysis. I am confused. I have some questions and I just need some guidance in general because there's literally no one around me to advice in a personal good faith. So I am just gonna give it a try here. + +Here are some of my questions: + +1. I have been heavily discouraged to trade on candlesticks alone. Is it true? + +2. There are so many indicators. I tried MA. The market is down. Couldn't get a trade. Should I try everything until something just hits right? + +3. Been told that Intraday is too risky for beginners on low budget. + +4. I have difficulty in spotting patterns as things stand. Is there some way I can practice this stuff like some book or practice guide? + +Any crucial advice you have to give to a beginner is very welcome. I didn't think stocks will peak my interest bit they did. I really wanna make something out of it at least. + +Thanks! +I think Zerodha is doing well(making profits) with it's retail brokerage offering. I'm trying to think of why they decided to move in this direction. +Obviously this would be a tremendous opportunity if they are able to make a better product that what's in the market, but are they well positioned to do that? +It's not about the price. I don't care about the price. I'm holding till the back ass of the MOASS, but guys and gals, I'm tired. + +I know we've all been holding for months now, and what happened tonight wasn't anything new, but to see the same desperate moves over and over again, and like clockwork, the shill media emerge from their swamp with another round of lies and paid propaganda... + +I'll admit, tonight it hit me hard. + +***I don't want to live in a world where this bullshit is allowed to continue.*** + +How many more companies must we sacrifice to these lying, cheating bastards? Tens of thousands of good companies subjected to thirty or forty years of this ***bullshit***. + +***Not one of those companies*** had an incredible band of apes save their ass and take them to the moon. + +***Nobody*** came for those countless, nameless, hopeful entrepreneurs who took a chance on themselves and their idea, founded their company against all odds, only to get callously shorted into the dirt on some fucking billionaire's whim. + +Their entrepreneurial spirit ***crushed***. Their families and friends who believed and invested in them, ***stomped out***. Collective dreams, ***shattered***. Future prospects for a better world that you and I could have lived in, ***denied***. + +Just so a cabal of obscenely rich elites could add another couple million to their vast hoard of unearned wealth. + +It's deeply fucked up and abhorrent. + +I want to see these people go to jail for the rest of their lives for what they've done. For what they continue to do unashamedly, even with the eyes of the world now on them, and the law biting at their heels. + +Yet they continue their blatant criminal operation - ***because they know they're untouchable.*** + +**That has to change.** + +Dearest apes I implore you. After the MOASS, lets never let up on these fuckers. + +When we look down from the moon with all the dirty money we've taken from them, lets remember to finish the fucking job and wipe these greedy fucks off the face of the earth. + +***If we can pool our money to clean oceans, we can damn sure build a giant money cannon and aim it at this entire fucking corrupt system.*** +Value investing can be a tricky. Every investor hopes to make the most of their investments, but sometimes things don't go as planned. + +Knowing what could potentially go wrong and avoiding common pitfalls is essential for making successful investments. What are some of the most common investing mistakes value investors make and how to avoid them? +Hi, + +I was wondering if anyone know if there's an archive about all the investments Warren Buffett made throughout his lifetime (especially the early days in 1950s where his compounding was the highest) and the respective financials at the time of the companies he invested in. + +The reason I'm curious to see this is to see what he saw in those businesses in terms of financials and quantitative numbers. I'm sure that'd help us all in learning as much as possible and I'm always curious to know more about Buffett. + +Thank you +After doing some research into some value plays, i've come to the conclusion that $PFE is one of the best undervalued stocks in the entire market. + +Let me be clear, this is not due to the vaccine numbers, however, I do believe the vaccine is the icing on the cake for Pfizer. + +We've all heard of Pfizer, especially recently as the vaccine roll out continues. Many investors will assume that this is the reason why Pfizer's stock price will move over the next few years either up or down. + +Many people, however, miss the rest of PFE business model. They are one of the biggest healthcare companies in the world and create some of the most well known medications we hear about every day. Things like chantix, viagra, epipen, and advil! This company might as well be a consumer staple. + +This being said, consumer staples don't have innovation spread throughout their companies. Pfizer is on the front lines of creating medications for new medications to prevent heart attacks and strokes (Factor Xa inhibitors like Eliquis), prostate and breast cancer treatments from their oncology sector. They even have the only pneumococcal vaccine for kids (PV13). + +Most investors have no idea about this part of Pfizer's business and the complexity of medications, which is understandable. But I am a PA student, so I have a good understanding of medicine and I can safely say that PFE is innovative, stable, and strong. + +Another thing worth mentioning is that because people are so focused on Pfizer's vaccine numbers, they're focusing on the short term debt they've acquired in producing it, but are discounting the revenues that future mRNA vaccines will bring. + +Pfizer has a 4.5% dividend, which in the end will pay for itself as Pfizer continues to generate strong revenues from their consumer-staple-like product line, their innovation, and their future vaccine revenue (estimated to be around $15B in 2021). + +PFE also has a tiny valuation, with a forward PE of just 10. Between the safety of this investment, the strength of the company, and a 4.5% dividend yield, I don't think you can go wrong with picking up some PFE + +For a little more information about PFE business model, fundamentals, and medications analysis, check out this video here: [Pfizer Stock Analysis](https://youtu.be/cwtKvRqwqBA) + Coca-Cola FEMSA seems like a great way to get exposure to Coca-Cola sales. The stock seems undervalued. What is your opinion? + +&#x200B; + +[Source](https://www.valueofstocks.com/2021/07/09/dont-buy-coca-cola-buy-coca-cola-femsa-instead/) +Seriously, if any of you were around about 3 years ago in the Bitcoin space, this is such deja vu. Every other week back then there were rumors and poorly translated articles that China was banning Bitcoin in some way shape or form. It always caused FUD, but why? Historically, things China have banned do very well: Facebook, Google, Twitter, Instagram, just to name a few. I see this as a bullish sign. Other countries and capitals (Russia, U.K., Switzerland, Dubai...) are scrambling to to rush Blockchains (and their tokens of value) into their societies as they see the immense technological and economic benefits. China is simply strange, and they have to control everything. It's their culture of fear. Just look at their history...Their Great Wall. Look up how many other weird things they ban (Brad Pitt, Big Bang Theory, seriously?!) and ask yourself again if any of this matters in the long run. I for one am glad this is happening now and not after all the wonderful innovations to be announced in the near future that will lift the price and market awareness. So I say, Ethereum bans China! GTFU! You don't deserve this technology with all your stifling government controls. We don't need you and we don't want your bullshit in this space fucking shit up every other week. To the moon my friends. 🚀 🌙 +Many of you may know what the SIM swap scam is, however, I did not, and unfortunately, I got the opportunity to learn the hard way on Christmas Eve. If you're not going to read the rest of this, here's the quick take-away: If you unexpectedly receive a text message from your mobile carrier providing you with a PIN, do NOT ignore it. Call your provider immediately and take action because someone is likely trying to gain temporary access to your number (or someone else's on your plan) and the damage they can cause is far-reaching. + +My wife and I began receiving texts and voicemail from T-Mobile on Christmas Eve morning. The texts would include one-time PINs, and the voicemail was from T-Mobile representatives apologizing for getting disconnected. Each time, we would call T-Mobile and speak to a representative and inform them that someone was trying to gain access to our account. And each time, the representative would assure us that there is no way it would happen due to the notes and flags they were putting on our account. I was even laughed at the 4th time I called when I got put on the line with the same representative I spoke to the 2nd time, as she thought it was silly that I was so concerned. When I asked why this person would be working so hard just to swap a SIM, I was told it was probably so he/she could make international calls on our account. +On our 5th call, in the middle of anther one of these assurance speeches, it happened. My wife's phone lost service. I interrupted the T-Mobile representative and informed her, who in disbelief began the process of routing the SIM back to my wife's phone. Roughly 5 minutes later my wife is back online, but there's a big problem: she can no longer sign in to our Wells Fargo account. That's when it clicked for us: he spent all day trying to get access, got turned down countless times until one bad T-Mobile representative granted his request, just so that he could use our number to reset our Wells Fargo password. The fact that it was Christmas Eve evening when it all went down likely wasn’t a coincidence either as Wells Fargo and T-Mobile storefronts were all closed, and getting help wasn’t easy. +Fortunately, we caught it just in time and we were able to get Wells Fargo on the phone and our accounts locked down. The only actions he was able to take was to move money across multiple accounts into one, with the intention of making an ATM withdrawal (according to a Wells Fargo employee familiar with this scam). +We spent the better part of the day after Christmas undoing the damage: closing and opening Wells Fargo accounts, turning back on online access, switching mobile providers, …etc. I’m left feeling vulnerable. Despite all our calls and our warnings to T-Mobile, they still let the fraudster in. Immediately after we locked down our Wells Fargo account, as in not even 2 minutes afterwards, I was back on the phone with T-Mobile, because they had “someone on the line who wants to swap SIM cards and I just need to get your permission to go ahead”. I felt helpless because obviously T-Mobile was doing nothing to prevent this from happening. When I suggested that we shut the whole thing down and cancel our T-Mobile account entirely, going without service for the remainder of Christmas Eve and Christmas day, I was informed that while our representative could do that, she couldn’t ensure that the fraudster wouldn’t be able to call in and turn everything back on. +We ended up making it out okay, and it appears that after the fraudster realized he wasn’t going to get anything out of our Wells Fargo accounts, he moved on. I’m not sure at all that switching to a new carrier will prevent this from happening, but due to T-Mobile’s response, or the absolute lack-there-of, I felt I had no choice. I want to make others aware of this as we might have had more options had we known what was going to happen when we first started receiving unexpected texts and voicemail from T-Mobile. Please do take it very serious and act quickly if you suspect this is happening to you. + + +Charity Coins have a lot of action with them right now, and for good purpose - who doesn't want to help out a good cause? But most of these coins are donating to help save pets or "The Planet Earth." That's all well and good but I've stumbled on a coin that might actually make an impact on some HUMAN lives - $JUDE. The Dev for Jude has decided to put his time and money to the cause of helping to fight Childhood Illness and Disease. + +For every transaction that takes place 2% is sent to the donation wallet and once per day he donates to St. Jude Children's Hospital. The first donation has already been made! Regardless of your religious affiliation I think most people can agree that what they do at that hospital is for the greater good. And honestly, the recipients of our chairty couldn't be a better group of people - the young future of our world. + +Info: + +— Name: (JUDE) + +— Token Blockchain: BSC BEP-20 + +— Address: 0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +IMPORTANT NOTE👉 + +Two percent of all transactions will be donated to a Children's Hospital. Jude just made its first donation today and you can check our Twitter for proof. + +Dev put $20000 of his own money to fund this project. + +LP Locked + +$200k market cap today meaning possible 10x to 1000x on your return of investment + +— 📃Contract: https://bscscan.com/token/0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +— 🥞Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +— 📈Chart: https://poocoin.app/tokens/0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +— Website: https://judebsc.info/ + +*The more this project grows, the more we can help children in need. We will be making more donations with proof. We are here to make a difference. + +— Telegram: https://t.me/STJUDEBSC + +— Jude Twitter: https://twitter.com/bscjude +A very wise person spruiked NEA last week and it has mooned today. Tonight I pour myself a glass of wine in your honour. Maybe I will send you a carton if this continues. Can we please have more speculative stock discussions and less of this BBOZ/BBUS dumbfuckery? Everybody should know by now that you cant fight the printer and that stonks only go up, FFS. +**Notes from the Talga AGM** + +So i went to the Talga AGM today. Overall was a really good experience, MT was very relaxed and also in person an absolute unit of a man. I left feeling very confident in the company's prospects for next year. + +Some key notes i took (and keep in mind i am not an analyst and was just writing what i could on a notepad. Accordingly some of these bits are vague and I probably use the wrong terminology.) + +* **JVs:** MT brought this up and then explicitly stated that he can't provide any further information on this while they are still in commercial negotiations. Nothing I can report that we didn't already know. +* **Binding-off-takes** have not been signed yet due to the years-long process of qualification required by customers. Nothing really can be done to speed this up, just gotta go through the process. Patience required. +* **A couple of (literally) overnight events have occurred to the benefit of Talga:** + * Last night the Swedish Green party (the dominant force against mining in Sweden) quit the ruling coalition as the centre-left coalition's budget bill was defeated in parliament. The government budget was rejected in favor of a rival bill put forward by three right-wing parties. The remaining coalition parties are substantially more pro-mining. + * I didn't catch this one properly - according to MT last night the EU introduced some sort of new critical minerals policy? I did a quick google search on this but couldn't find anything (if anyone else finds it - put in comments pls). MT was saying it opens up new pathways for financing Talga. +* **Regarding Vittangi:** + * MT stated that he thinks the ore body at Vittangi/Niska will eventually be considered the single largest *contained* graphite body on earth. + * To indicate how high quality the known ore body is, MT said if you scraped a 1m thick length of the deposit at Niska, that would provide all the graphite necessary for 1 year of anode production - and that the deposit is up to 50 m thick in places. + * The eventual anode yield from Vittangi is 'probably' 10x higher than for the second best of Talga's competitor +* **Regarding EVA plant revenue** + * Some revenue will be generated but it won't be 'material'. The plant is not going to pay for itself. However graphene from the plant will be sold to some customers. +* **Regarding the graphene business:** + * They have not abandoned the graphene business - it is getting more mature. However, the reason it is fairly quiet at the moment is because banks don't have the technical ability or experience to model the graphene market and therefore it is extremely difficult to get funding for the graphene materials business. Hence the getting the anode supply business up and running and generating revenue is the priority, so that this can help support investment in the graphene product line. + * MT says next year TLG will be receiving contracts for 'decent' (his wording) amounts of graphene + * TLG has tens of patents pending in a whole range of graphene & battery products +* **Drilling Assays / exploration drilling:** + * Another 50 holes worth of assays to be reported. Assay results taking ages (same for every mining company - a global problem atm). + * MT says we should get most assay results back by end of Jan, and probably all will be reported by end of Feb/March 2022. +* **Regarding the possibility of natural graphite anodes becoming obsolete tech:** This was probably the most interesting part for me. MT said that he believes the current discourse around battery tech in the media is about 2 years behind the actual technology, and *10 years behind the reality of the commercial environment.* + * He gave the example of a a Bloomberg New Energy Finance analyst who said to MT that he thought we would see solid state batteries in vehicles in 2 years, which MT laughed at, arguing that if it takes more than two years for existing, proven battery technologies to undergo qualification processes, how is concept-level battery tech going to begin competing with current Li ion batteries in the next 5-10 years? He continued to home in the point that what you hear and see in the media is not the reality of the commercial situation. Every time we hear about a new battery tech, in most cases it has been known about and researched for decades, and abandoned for not being commercially viable (e.g. lithium-air battery) + * Also pointed at that there isn't a single gigafactory currently being built or planned to be built that could provide commercial quantities of alternative battery types that do not use graphic anode). Hence, obsolescence of graphite anodes won't occur any time in the near future. + * Regarding natural graphite vs synthetic graphite: no synthetic process can match the economics of the Vittangi given the amount of energy required to condense graphite to the same concentrations as seen at Vittangi. They simply won't be able to match Talga on price (or emissions) once the mine is up and running. + * Someone asked a question about graphite generated in the process of making hydrogen and whether this was an issue for Talga - again, MT basically said there is no way it could compete given the significant energies that would be required to produce a comparable density of graphite with respect to Vittangi. +* **Some other stuff:** + * Someone asked a question about Final Engineering Design (or was it front-end engineering design? - acronym used was FEED) for the mine. I didn't really get this part. But the TLG head engineer at the meeting stated that the FEEDs will all be completed in 2022. + * I met a woman who first invested in Talga back in 2013. She was, justifiably, quite smug. + * I got to touch the graphite tesla. It was fucking heavy. Also conductive - you can complete a circuit by attaching two electrodes to it and light up an LED. + * Oh and i got a photo with MT hahah. Proof below. + +https://preview.redd.it/8phyzjnhmp181.jpg?width=750&format=pjpg&auto=webp&s=0fd01979b6a84def7a9b0d4998ec2b4965c29f5f + +u/rhythm34 u/Rude_Jello_377 +> The UK’s advertising watchdog has banned an Instagram influencer campaign by Klarna for “irresponsibly” encouraging customers to use the “buy now, pay later” service to cheer themselves up during the pandemic. + +More: https://www.theguardian.com/money/2020/dec/23/uk-watchdog-bans-klarna-covid-shopping-advert +A post the other day talked about how ferrari’s and lambos are a pain to drive on pothole and speed bump riddled roads, but they get the most bang for the buck in the entertainment category. Wondering if anyone owns other nice cars that are maybe a little more forgiving of US roads and what your experience has been. +I am 31M and on my path to fatFire by 40, and have always been an aggressive saver. +Now at this stage in my life, are there things worth splurging on that can have materialistic difference is wellbeing. For example a good mattress/pillow or things like that. +A few hours after closing the accounts I was relieved that I couldn't sign in to their mobile app because I figured it meant that it was successfully closed. + +I accidentally/reflexively signed into the Bank of the West App a few weeks later while trying to look at my new bank's mobile app and was disappointed to get this screen: + +[https://imgur.com/AlAKSBl](https://imgur.com/AlAKSBl)(it says checking is $-70) + +5 minutes later I signed in again and got this o.0???????: + +[https://imgur.com/MTNqaYU](https://imgur.com/MTNqaYU)(it just says I have no accounts) + +It's back to the $-70 checking account right now and I wouldn't be surprised if the automatic monthly transfer from savings to checking that I had set up before I closed both accounts "overdraws" my closed account more. + +Slimy jerks don't put the word "closed" on the receipts:[https://imgur.com/jMljNW1](https://imgur.com/jMljNW1) + +\^\^I guess it's all my fault though since, even though the teller assured me at least 3 times it's closed, one of the receipts they gave me states "Transaction is subject to verification." \*eye roll\* + +&#x200B; + +EDIT 1: Just got off the phone with a rep. Judging by the script they seemed to be following it was definitely a "lets stall and see if explaining the charge will get them to pay" tactic. After a heated but honest exchange of words they told me they could take off the overdraft charges but they couldn't take back the payments. Which isn't 100% fair (closed is closed and, by any measure of morality, it should be on me to settle debts with blocked parties) and it doesn't pay for my needlessly lost time and frustration. I'll have to close the account \*again\*. They said they will read a script to me to inform me this time that it takes 5 days to close an account and I replied "Well, that's better than the way it was handled last time." Overall, they were reasonable and I feel sorry that that is there day job. I might be over-reading their tone but I instantly thought "Was this person just crying" as soon as they picked up the call and started saying hello. + +&#x200B; + +EDIT 2: Tried to transfer money to cover paid debts online. + +[https://imgur.com/6KR6zJf](https://imgur.com/6KR6zJf) (it says "External transfers are currently unavailable). + +Spent 30 minutes on the phone, 25 of which were on hold. Transfers suddenly work again but not 1 or 2 day ones, only 3 day ones. They will not close the account in the mean time with money incoming to cover debt. So, more overdraft fees incoming? + +&#x200B; + +Edit 3: 4-5 days later, after paying for the debits to the account with zero balance but not the overdraft fees, I called back. The next phone rep contradicted the last one by saying they can't reverse more than one overdraft fee a year over the phone and they also can never close the account over the phone. So, I am ruining a half-day of work to go back to the branch I originally went to to close the account because, of course, their hours are 9-5 M-F. Hopefully, I'll be submitting my last edit to this Reddit post after that... ...hopefully. + +On another note, a redditor who sounds legit, PM'd me saying they are BoW employee back around the time I first made this Reddit post. They say they want to help and asked for my account number if I was comfortable giving it away. I am not but hopefully giving them a heads up that I am coming into the branch today will help me. I don't think either of us knows of any protocol for verifying each other's identity when first contact was made over Reddit. +Hello once again you beautiful apes - hope you're all locked in and ready to go when it comes to DW8. + +You might be sick of my posts by now, but I thought I'd provide everyone with one final DD to help ease the nerves as well as giving you justification on why you should diamond hand this bitch. + +Around the time of my first post, the share price was sitting at roughly $0.055. I had seen the light long before that point, but I thought I'd let you fellow autists aboard our rocket ship. Hope you managed to get in on time! Consider this your last warning as we proceed to the land full of cocaine and hookers, AKA anything beyond 10c. + +I have received a few messages asking if its too late to get in at 10c - The truth is, I cant give you a definitive answer. What i can do, however, is provide you with information to help you make an informed decision. + +DW8 has been my top pick for quite some time, for a majority of different reasons, but the biggest is that it will take ALOT to bring down the share price. + +Market recession? Great, everyone's depressed, everyone drinks lots of alcohol. +Market in a boom? Fantastic, everyone has a great time, everyone drinks lots of alcohol. + +Covid comes back? Great, people need to migrate to purchasing their alcohol predominantly online. Same day/next day delivery, so you can drink your boredom & sorrows away soon after you click that order button. +Covid fucks off for good? Great, business is pumping and the B2B platform will have no difficulty taking a market share. + +Covid side note - If it does come back, businesses will look at managing their expenses at the first point of call. It is difficult to generate additional income as a bar/restaurant during lockdown, but it is awfully easy to minimize expenses which will have the same impact on your bottom line. When you manage expenses, it can be a difficult time for the business. You need to let some staff go, you need to cut back on a few other "fun" spending, etc - Why not make an easy decision, and sign up with DW8 who will offer you the exact same product range, in a quicker timeframe, for a lower cost? There is no negative impact to the business, the staff, employee morale, etc - everyone wins! + +The potential on this stock is effectively limitless. Daddy Dean's dream is to touch every bottle of Wine in Australia. This might sound farfetched, but with his skillset this may be possible in the next 10 years. Before we've even touched half the bottles in Australia, we'll have processes in place to be able to supply customers internationally. I wont touch on that subject just yet, as that is still a long while away. Word of mouth is a crazy thing in the wine industry, and once everyone see's the benefits it wont be long before people jump on board. + +Being a slow-growth stock, the share price will creep up slowly over time to match the current business financials. We are still in the early stages, even though the market cap is now roughly $160m. The market is starting to finally wake up to the beast that is DW8 - As I predicted in my first DD, the expiration of the options from previous directors will cause the stock to act like a coiled spring and shoot upwards. The result? Well, if you had invested at the time of my first post you would have been sitting on almost 100% profit in under 3 weeks. + +Imagine if 15 years ago someone had told you that an app will come out that will destroy taxi's forever. You probably wouldn't have believed them... but look what Uber did. Was it easy? no, it wasn't. Once the growth started, was it exponential? fuck yeah it was, not only locally but internationally as well. Will DW8 grow anywhere near the same rate as uber? fuck no, be realistic. You are all autists, not retards. Do not invest in DW8 if you are expecting another 100% in the next 3 weeks. + +If you like free money, invest in DW8. Its that simple. All industries are disruptable with the right tech, and we are in a niche area of the market which is still technologically behind a few industries. + +Few announcements that will help generate movement in the SP moving forward; + +B2B Soft launch +B2B Hard Launch +March monthly update +Potentially an acquisition - don't hold me to this, this is just a personal opinion. I cant guarantee that we'll have one in the next few weeks as the company is more focused on the B2B rollout, but i can quite safely say we'll have another strategic acquisition within the next 3-6 months. + +Each month, DW8 releases a monthly update. As the B2B program gets into its groove, i expect exponential growth. Don't miss the train, rocket, boat, or whatever the fuck this fast-moving vessel is. Join the (r)evolution! +Like I seriously just got a little 200 dollar check from unemployment. I had a sign of relief thinking I got some extra money to spend THEN I get a call from my school saying that I’m 2 months late on a student loan payment. And the amount is exactly 200 dollars :) Not to mention that paying this bill is only a DROP in the bucket of the amount of money I need to pay. What kinda sick game is this lol. +$KODI is the next generation of BNB auto-redistribution tokens. Not only will $KODI provide its holders the luxury of earning passive income (BNB) by simply holding KODIAK tokens, they’re bringing the first ever Entertainment Hub to the BSC network! + +🎙 **Entertainment Hub** + +The BETA launch will include a 24/7 Radio which will be bringing you everything entertainment such as podcasts, music, and much more! This will provide an eventual revenue stream that will directly benefit $KODI holders down the road. + +##Tokenomics Breakdown + +💰 **Max supply**: 100 billion + +💠 **Tax Fee**: 13% + +♻️ **BNB Redistribution**: 7% of all transactions have BNB auto-redistributed to $KODI holders. Auto-claimed every 60 minutes + +🔐 **LP Allocation**: 3% of all transactions go to liquidity pool + +💎 **Sell Fee**: 3% extra to all sells with 2% to the BNB dividend pool and 1% to LP + +🐳 **Anti whale/dump lock**: Sells are restricted to less than 0.1% of the total supply + +📱 **Marketing and Development**: 4% tax goes to a separate marketing BNB pool. A marketing wallet with 3% of the total supply will also collect BNB. + +🕹 **Sweep Widget**: the SweepWidget tool will be used to hold contests to give all TG members a fair chance at earning a spot on the presale. + + +##Token Launch + +📟 **DXSale Presale** 📟 + +**Details**: + +Thursday August 12th, 2021: 16:00 EST + +🔰 **Soft cap**: 300 BNB + +🔰 **Hard cap**: 450 BNB + +KODIAK is going to launch on DXSale Network using their new whitelist feature to help minimize the use of bots. This will help more dedicated members get into the presale and further ensure the projects success! + +KODIAK token is a place where all crypto enthusiasts bear-long! + +🔥 Come join the TG for your chance to earn a spot on the whitelisted presale! SweepWidget will be used for competitions to give all members a fair chance at earning their spot! Launches August 13th, 2021! + + +——-Additional Links———- + +🌐 **Website**: https://kodiaktoken.com + +📬 **Telegram**: https://t.me/kodiaktoken + +🐦 **Twitter**: https://twitter.com/KodiakToken?s=20 + +📸 **Instagram**: https://instagram.com/kodiaktoken?utm_medium=copy_link +I got a bonus for getting a guy hired here a few months ago and threw it on a debt from my divorce. It put the payoff in reach in ways I hadn't dared dream. + +Thanks to some hustles and side gigs and eBay auctions, I just paid it off this morning. Now, my biggest monthly (debt-related) bill is dead and I can actually start my debt snowball for real. + +My head is about to break the surface, y'all. I'm about to take a big, big breath. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Just hit £30k across: +LISA (46%) +Monzo Pot (29%) +Shares (20%) +BTC (5%) + +and it feels amazing. + +I've never really been good with my money, didn't grow up with it, thrown out at 17, but have managed to build a grad job into a decent paying career and I can't quite believe it. + +Im on more than I've ever been on with more in my pocket but it still doesn't feel like I've got money to spend. + +Next year I know it will all be gone to house buying and wedding expenses, and then straight back to building the savings pots :) + +Shout out to Excell, the real MVP of my money management. + +Edit: + +Thanks for all of the kind words! I'm pretty chuffed :) + +For those asking, I work in "IT" doing infrastructure design. Started on £18k+ 2k London weighting 6 years ago and stepped up to £50k+ 2k bonus this month through pay rises and promotions. + +Keping the chunk of money in Monzo as I dip into month to month if I have a larger one than scheduled, or for hidden costs. I know it should be making me money but it'll be spent come July so not too large of a return. +Aside from an emergency fund, if you have 30K in savings and a 20k student loan (example), why not pay off all 20k and keep a 10k emergency fund (example). + +Sorry if I sound ignorant, I have never had to take a loan. Maybe in the future I'll need to, so I'd like to learn now. +Wife and I are mid 30s \~2M NW and we are bringing in \~.5M a year. I’ve thought about this for setting my FIRE number target, but curious if this feels right to this group. It seems like there are a few distinct tiers of utility afforded by your nest egg. These all assume a \~4% withdrawal rate: + +3M: live on 10k a month; you should stop doing jobs you hate. Live a good upper-middle-class life, especially if you don’t have a mortgage, but not at all FAT. + +10M (my target #): \~33k a month, 400k a year. Should only keep doing jobs you love. You're VERY comfortable, you travel wherever you want, stay in nice hotels, eat wherever you want and rarely think about money, you’re still flying commercially, but are paying for the upgrades. + +20M: \~66k a month, 800k a year. Only work if your work makes you happier than any other alternative thing you could be doing. All the 10M benefits + inviting and covering guests for trips + flying privately domestically. First class for any international travel. + +There are several tiers of wealth beyond this obviously, but in terms of things that make your life easier more enjoyable it feels like the cost of reaching for more is worth far less than the freedom/time you give up. + +&#x200B; + +Edit\*\* Thanks for the feedback. Looks like my 20M $ description is more like \~50M. +I personally bought $20k worth of alts including eth and etc and a bunch of others while they were all pumping hard and I was up almost double and now I'm sitting around break even. Who's taking advantage of these swings ? And what's your strategy ? Tell your story or share how you feel if your in the red at the moment or sold off in a panic + + +When I put the cash in the ATM, it gave me a receipt but no amount on it, it showed me to call to confirm my deposit went through. They did refund my money but only $1840 after the investigation. I told them that this amount was not correct. They told me that unless I have proof that I have $4980 and also told me that my receipt doesn't have the exact amount, and even video footage can not prove the amount. Sounds like I'm doing something wrong and it's my fault. This is ridiculous. How can I get my money back? +# This week 27.6 million GME shares were traded, this is 107.13% of the publicly tradable float * + +&#x200B; + +**Total volume traded this week: 27,632,309** + +GME volume per day: + +* Mon: 3,316,234 shares +* Tue: 4,150,803 shares +* Wed: 4,170,343 shares +* Thu: 10,034,940 shares +* Fri: 5,959,989 shares + +Source: Webull daily volume data. Yahoo Finance shows comparable volume numbers for the week = 27,622,171 shares traded + +&#x200B; + +**\*Publicly tradable float = 25,793,673 shares** + +Total Shares Outstanding minus institutional ownership, mutual funds, ETFs, insiders and most recent DRS share count provided by GameStop = 25,793,673 shares (source: computershared.net, and GameStop's most recent quarterly report) + +&#x200B; + +So who's selling? Not me, not us. That's for sure! This is unsustainable! + +&#x200B; + +*If you want to see more updates like these, you can follow me here on Reddit or on Twitter - Tendie Baron* +"We are proud to introduce several new funds for TSLA, GOOG, AMZN, BRK, among others + +These funds will hold the single stock exclusively with 25% leverage, and 50% of the holdings will be used in a CC strategy to generate attractive monthly dividends and to capture the growth of each company." + +$YAMZ - 12% yield, $0.20 month div +$YTSL - 23.5% yield, $0.30 month div +(was 18%, then it fell drastically (from what i can find the premiums on TSLA are large so a huge yield isnt out of the question)) +$APLY - 10% yield, $0.1667 month div +$YGOG - 10% yield, $0.1833 month div +$YBRK - 6% yield, $0.10 month div" + +- Purpose Investments + +Looking for any opinions on these as I've been wanting BRK, GOOG, AMZN exposure for a while but have been putting then off cause... no dividend. Thinking of adding them into my portfolio when I can +https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining?utm_content=buffer73cd3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer +SuperstonkBot is a part-bot, part-web interface where people can anonymously submit posts to r/Superstonk, and it is now fully tested and functional. + +https://preview.redd.it/8yc92c7scxt61.jpg?width=900&format=pjpg&auto=webp&s=bd897c2d817da7b0963fa30309e73d90b552f268 + +# About SuperstonkBot + +After users submit posts via [www.superstonk.net](https://www.superstonk.net), it will be loaded into a review interface usable by approved Reddit accounts, which currently includes most mods of r/Superstonk. Both systems are strictly separated from each other, also geographically, for security reasons. + +If the moderator team approves, the submission will be published anonymously via u/SuperstonkBot. 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We are truly grateful to richie for creating such an important part of this subreddit. We also invite users to use the bot sparingly, as posting via Reddit account is still perfectly fine, so that this can be reserved for those who can't or are afraid to post with a Reddit account. + +Thank you all for making this subreddit truly a unique aspect of Reddit. We are incredibly excited to see what's next! +I recently moved out of my moms house to somewhere much closer to work. Even though I’m paying more in rent, I’m saving money by spending less in gas and by cooking food instead of eating out. I’ve been putting away 10% of my income and whatever “extra” income I get. + +Today I’ve finally reached $1k in savings and I feel like I can only go up from here. This $1k is money I don’t need to spend immediately, and it feels amazing just to say that. I’ve been working so hard on self-improvement and financial responsibly and I’m seeing it pay off. It’s just the best. + +Now that I know I can save $1k, $5k is my next goal. + +I make around $54k annually, but poor money management and traveling long distances drained a lot resources. Now that I’m closer to work, have my own place, and cook my food; I finally can start to save money. +Michael Burry is saying index funds are a bubble - they pump up equity values through passive investing which is disconnected from any kind of analysis, thus forming a bubble. + +Not saying he is correct, or not, but assuming he is correct what's a good way to achieve diversification (so you can 'set it and forget it' just using dollar coast averaging and rebalancing) without resorting to purchasing index funds? + + ['It will be ugly': The Big Short's Michael Burry on why index funds are like subprime CDOs - BNN Bloomberg](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) +https://www.cnbc.com/2020/08/30/warren-buffetts-berkshire-hathaway-buys-stakes-in-japans-five-leading-trading-companies.html + +Warren Buffett's Berkshire Hathaway has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies. + +Berkshire acquired the holdings in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp. over a roughly 12-month period through regular purchases on the Tokyo Stock Exchange. + +Based on Friday's closing prices for the trading houses, a 5% stake in each would be valued at roughly $6.25 billion. + +Berkshire says it intends to hold the investments for the long term, and that it may increase its holdings in any of the companies up to a maximum of 9.9%, depending on price. +>At least two online financial commentators who run channels on the Google-owned video platform have had clips removed by YouTube this week. +> +>“Right now my main concern is that Nikola is using copyright strikes to silence their critics,” he told the Financial Times, adding that he was considering filing an appeal with YouTube. + +[https://www.ft.com/content/e2d4fa14-b61d-4302-8a6e-02ba43349452](https://www.ft.com/content/e2d4fa14-b61d-4302-8a6e-02ba43349452) +This is the official $GME Megathread for r/Superstonk. 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I discussed how my Grandpa bought some land during the first depression, and lived in a tent while he built a house. When he built a room, he'd move the family into that room, and another family would move into the tent. House ended up looking funny but there was room for all the families but there was room for all the families needing a place to live. "It's just how you did things" He would say. + +I said that one day, a child would come to my home looking for food, or an out-of-work construction worker would come to my house looking for work, or a veteran who was unemployable would be looking for a hand out. On that day, the depression would be real to me. + +Today is that day. A man came by, saying he was an out-of-work construction worker. I put him to work. We went from being so in debt that we'd never make it, to being able to at least help a few people. And for that, I feel good. The weight of the occasion hangs on my heart though. + +Time to get enough food for when the child stops by. + +Now personally I think we're headed for some hyperinflation via deflation, but that really doesn't matter as theory when a hungry man is outside your door looking to do anything he can to work. + +Best of luck through these tough economic times to all. + +[Edit] A lot of people are taking issue with my term "The second great depression". In 2005 I was very much afraid that we were headed for Depression 2.0 although caused by Hyperinflation news pundits tend to confound the two and so they would say "Depression 2.0 or Greater Depression" while it was caused by hyperinflation. Today I think that Bernenke and Geithner are attempting a "Lost Decade" like Japan faced with flat rates at around 0% and a flat GDP. I am skeptical if they can pull it off + +I do believe that we are on the edge of depression like circumstances (unemployment, GDP dipping, etc.) and that we are similar to 1931; and we could tip into a depression but we are not there yet. + +Simply stating that "Duh, we aren't in a depression" misses the point. I was also playing off Ronald Reagans famous quote: ["Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his."](http://www.quotes.net/quote/8216) in that the depression came home to me, not because I lost my job, but I saw someone who lost theirs. + +[Second Edit] [God bless the wayback machine:] +(http://web.archive.org/web/20070629015638/www.everydayeconomist.com/archives/category/macro/) + +Not everything is there, but there is a fair amount of the discussion about depression, economics, china etc. +Yes anyone who looks at it can probably rip me to shreds because hind-sight is 20-20. Some of my quotes (such as the may food riots of 2011) were on paper and not on the blog post, btw. + +Anyway thought I'd post the source such as it is. (It looked a lot better back then, I promise). + +[Third Edit] For the nay-sayers on this is a depression, or could be the beginning of one: [One in eight americans on Foodstamps](http://www.boston.com/news/nation/washington/articles/2010/08/05/food_stamp_use_hit_record_408m_in_may/) + +I'll just leave this [Here](http://www.joliet.lib.il.us/Digitization%20Projects/The%201930s/Depression.htm) for the future to evaluate this thread by +The way I see it, the is way too much contagion in the financial markets right now. Potential Stagflation, Unaffordable Housing, Way too much debt, Imploding bond market, Quantitative tightening, Margin calls. + +Not financial advice, but for the most part, I'm not buying or selling, I'm just amassing dry powder, and waiting for the following to happen: + +1) Some sort of catalyst, most likely to be housing market reversal, or negative GDP next quarter (offical recesion, followed by commodity crash. + 2) Markets de-stabilize, like the COVID crash. VIX spikes over 50. + 3) FED officially reverses policy(QE and intrest rates) + +That's when I buy everything in sight. Mostly growth and beaten up value stocks. Seems like these economic cycles are getting more volatile and closer together as central banks lose control. The covid crash made me a fortune thanks to the FED. Seems like this is game we have to play now. +$ULTRA's been one of the hottest cryptos in the space since its release and the reason why is clear - it has an amazing community and a well connected, hard working team. + +&#x200B; + +The recent pump which caused the token to 2x basically overnight was caused by a single whale buying $500k worth - causing people to wonder whether this is an insider who knows some secret bullish stuff, or just a whale who trusts the team to deliver. What's clear however is this - there is a lot of interest in this token and it's been accumulated slowly by many whales, most of them being ex-safemoon whales, who are probably thinking that UltraSafe is the next big thing. + +&#x200B; + +The project's team has just done a livestreamed AMA today with lots of good questions asked. The hot topics of today were: + +&#x200B; + +\- Marketing, which they have expanded more on (huge influencers locked, mainstream media promo starting soon) + +\- Website V2 release. V2 has just been released and it includes updated information on the token. V3, as far as we know, is about 8-10 days away and it will be a completely redesigned and new website. + +\- Update on CMC listing, re-applied to speed up the process + +\- More info on future plans, staking, etc + +&#x200B; + +For more information: + +&#x200B; + +Website: [ultrasafe.finance](https://ultrasafe.finance) + +Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) +Hypothetically speaking... + +If someone were to invest in an asset (rather haphazardly & without much care) over a period of several years, and now that asset has risen in value 50-100x (a guestimate at best) and the owner wanted to liquidate the assets & take the gains, which are far beyond the CGT threshold but due to poor record keeping & constantly moving said assets between custodial wallets, resulting in an absolute clusterfuck of accounting, how is this best tackled? + +Can an average be taken, or purposefully go way over the top in taxes? + +I'm interested if anyone has been in this situation before, and yes, record keeping going forwards is meticulous, borderline anal... + +I guess if it's not possible, I can slowly draw down the pot keeping within the CGT threshold, but this will take many years & I do not expect the asset price to remain consistent. + +Thanks in advance & apologies if this question is better suited to the UKPF sub. +Is it a buy now, or does it have lower to go? As the tech and growth sell off continues is it worrying times for BG flagship trust? It’s now over 7% or so at a discount. Good time to top up? Once the market picks up we could see incredible gains. Zooming out on the 5 year chart the dip looks very enticing.. +https://uk.finance.yahoo.com/news/uk-to-ease-insurance-capital-rules-in-post-brexit-shakeup-080956341.html + +Good news for some of the most undervalued stocks in the market, 10-15% extra deployable capital will be a boost for the likes of Aviva and Legal and General no doubt. +Is it realistic to sell naked ~15 delta puts on quality companies using technical analysis and make 1% a week over the long run? Yes the obvious is what happens during a major downturn but the idea would be to roll down or down and out. + +And please for the love of God I don’t want to hear “it works until it doesn’t” +creddit goes to ~~/u/samsens for [discovering this](https://www.reddit.com/r/Superstonk/comments/mqaxlh/holy_shit/).~~ [DOMO for highlighting and twattering this.](https://twitter.com/DOMOCAPITAL/status/1382064324248735744?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet) + +___ + +As most apes already know [today Gamestop announced they are paying off there 2023 corperate bonds nearly two years early.](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) Now why would they want to do that when all that liquidity could be put towards reshaping the company? + +Well, according to previous quarterly-filing in 10-Qs to the SEC, the 2023 "10-year" Bonds Gamestop took out restricted the company from doing a number of things that are vital to reshaping Gamestop into an e-commerse business, and stops potential catalysts for a squeeze. + +[Here's a direct quote from Q2 2020 10-Q filing :](https://news.gamestop.com/node/18221/) + +> The indenture governing our 2023 Senior Notes and our revolving credit facility restrict our current and future operations, particularly our ability to respond to changes or to take certain actions or take advantage of certain business opportunities. + +>The indenture governing our 2023 Senior Notes and our revolving credit facility contain a number of restrictive covenants that impose significant operating and financial restrictions on us and our subsidiaries and may limit our ability to engage in acts that may be in our long-term best interest, including +restrictions on our ability to: + +>- incur, assume or permit to exist additional indebtedness or guaranty certain obligations; +- **declare dividends**, make payments or redeem or repurchase capital stock or make distributions in respect of capital stock; +- prepay, redeem or purchase certain indebtedness; +- issue certain preferred stock or similar equity securities; +- **make loans and certain investments**; +- **sell assets**; +- incur liens; +- engage in transactions **with affiliates**; +- enter into agreements restricting our subsidiaries’ ability to pay dividends; +- **engage in mergers, acquisitions and other business combinations.** + +###TA;DL: Gamestop just unlocked new business abilities. Bullish AF. +About six months ago I put together a bot using QuantConnect to trade on GDAX. Backtesting showed I was going to be a millionaire in no time!!! So of course, i went live with a small amount ($500) just to verify it was all good. After running off and on for a couple weeks I clearly saw something wasn't correct because my value went down to about $250. 50% lose.... YIKES!!! So, I turned it off and explored the code. Long story short, I found that the backtesting long and short prices were extremely different than the actual price range at that event time. I found this out when i log() printed the current price within the long and short functions. Using C# by the way. I understand orders don't necessarily fill instantaneously so there is some inherit price variation expected, yet the prices assumed by QuantConnect during the backtesting were WAY off (they didn't even lie within the candlestick price range)!!! So much for the millionaire in no time mindset. Well, after reaching out to QuantConnect and receiving no responses (submitted issue to them and posted it on the forum), I threw in the towel and walked away. Now, six months later, I'm ready to jump back in, but would like to know what you all think is the best site and/or program to use to both backtest and run live? Keep in mind, I'm a novice, thus using QuantConnect made it simple because they did a ton of leg work to help make the coding easy and connecting the the API is simple. Thus, having these tools are pretty much essential. Thoughts/suggestions? Thanks +So according to a few posts I've seen today, the last FTD buy-in date was 5/25. I remember during the last FTD cycle some of the wrinkle brains concluded that T+21 (trading days) isn't actually a thing. Instead, the major jumps have been on T+35 (calendar days). + +It seems like everyone accepted this as accurate last month but this week we all forgot and everyone's been hyping up T+21 again. While it's possible that we haven't seen movement because the hedgies are delaying covering as long as possible, what if we were just expecting something to happen on the wrong date? + +I get why we like T+21 (It's the highest number I can count up to when naked!), but I remember reading some seriously good DD on why T+35 is actually where it's at. + +So I pulled out my calendar and my abacus tonight, and guess what! After some serious counting, I've concluded that today 6/29 is T+35 from the last jump on 5/25! Woo! + +TA;DR - Buy, Hodl & Buckle Up! We may see some fun upward movement today! + +If not, there's always tomorrow! 🚀🚀🚀 + +Edit: Welp. Just sideways movement today guys. So I guess my premise was wrong even though my counting was right. + +Thanks to everyone who awarded (anonymous all-seeing eye!) and commented on my post though. I still think this is something worth getting to the bottom of and there was some great discussion in the comments. + +u/Challenge_The_DM pointed out that the run-up earlier this month may have been caused by shorts covering their FTD's early in order to throw us off. They now know that we know and don't want us catching on to their sneaky ways. If this is the case, that would reset the T+35 cycle and would put the forced covering date around 7/14! Vive la révolution! + +A few users were confused about T+35 and whether it's trade days or calendar days. Thanks to u/ScrotyMcBoogrballs for pointing out this line from the SEC's website on FTD's: + +https://www.sec.gov/investor/pubs/regsho.htm + +"Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity." + +Juneteenth, weekends or other holidays wouldn't affect the 35 calendar day count. + +Most importantly, I think, u/DoubleSunday307 pointed out something crucial. If we use all our limbs and orifices, we can all count up to 35 while naked! Win! + +Lastly, I didn't mean this post as FUD or to imply that the MOASS was going to start today. It's simply fun to try to stay one step ahead of the hedgies and try to get a glimpse of what lies behind the curtain. + +Let's go! + +Edit 2: Our very own T+35 guy, u/dentisttft commented and noted that there weren't very many FTD's that needed to be covered today. He said there are actually some FTD's that have to be covered on Thursday so we may see some upward movement then. + + +As title suggest, When I turn 18 I will be getting an inheritance from my dad it will be around 225k, I’m almost 18 in 1 month and on track to finish highschool and start college. What’s the best steps for me to let this money grow. I plan on using around 30-50k to pay for my college as well. +Greetings Apetards, hold on to your tits. + +Why you should not take financial advice from me: + +1. I put things in my mouth that I shouldn't; play dough, brown crayolas (because keto). +2. I drank from the gutter as a child and got giardia and my brain was affected. +3. I ate [M](https://imgur.com/a/2hsRx5M)[achineel fruit](https://www.southernliving.com/garden/trees/manchineel-poison-tree) while on vacation 2 years ago because they taste good. But they make you feel very bad. +4. Copious amounts of substances that have made my mind incompatible with normal life. + +Ever since u/HomeDepotHank69 rallied the Quant Apes and showed [increasing levels of correlation](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/) among a number of shorted stocks, I've been wondering- just how big is the House of Cards? This technical DD attempts to answer that question by mining price data for over 6K tickers and identifying stocks with similar price action to GME. + +As a salute to HD Hank's work with other Quant Apes, I ran my own independent correlation analysis and created a slightly more eyeball-friendly version of the results: + +[In 2020, these stocks had low correlation; which is typical in a free-ish market. In 2021, we see a huge surge in correlation rates. IMO, this is indicative of hedge funds using the same or highly similar HFT algorithms to manipulate prices.](https://preview.redd.it/8oc8uadoj4571.png?width=2002&format=png&auto=webp&s=883e5db6a01056b047c30f4ef67eeb3d38dcaa41) + +Now that we know that shorted stocks have suddenly started moving together in 2021, we can hypothesize that there are even more stocks out there that are also correlated. + +Analyzing 6,319 tickers taken from North American companies trading on NYSE and Nasdaq, during the January 2021 blip: + +* 16 stocks gained more than 500% +* 39 stocks gained more than 300% +* 279 stocks gained more than 100% + +These numbers are interesting to me because it gives us some insight into the scale of what we are dealing with. As HD Hank said, 1 stock squeezing is *extremely* rare. I would add that 279 stocks displaying similar price action during the January blip is somewhere in the realm of god-tier what-the-fuckery. + +# OK, but the blip doesn't mean shit if "Shorts Have Covered"TM + +[Shorts have a lot more covering to do.](https://preview.redd.it/sxalstfqc4571.png?width=1278&format=png&auto=webp&s=14fcfea7182b84b309280719f82bb2f6d6b89b14) + +So let's look at only those stocks which have been able to **sustain** the gains made during the January blip. Of the 279 stocks that gained more than 100% during the blip: + +* 5 have maintained gains of 1,000% or higher +* 14 have maintained gains of 500% or higher +* 25 have maintained gains of 400% or higher +* 43 have maintained gains of 300% or higher +* 74 have maintained gains of 200% or higher +* 135 have maintained gains of 100% or higher + +**Fun Fact:** The combined market cap of the 135 gainer-maintainers is 203 Billion. + +# If the shorts had covered, we wouldn't be looking at this many stonks holding on to ridiculous gains for over 4 months. + +Of these sustained gains, **GME is the king at 2,463.86%**. AMC comes in second at 1,735.11% + +[\*Note that of these 135 stocks, there may be a few whose gains are unrelated to shorting\/hedgefuckery\/apes. That said, based on my criteria for this analysis, all 135 of these stocks experienced a big jump above their baseline in late January 2021 and have exhibited similar price action since, all while trending upwards far above their baseline while maintaining gains.](https://preview.redd.it/qs0qkcborz471.png?width=1306&format=png&auto=webp&s=187408c522c47c0de806639890f3c8e62f810bdf) + +# Charting these stocks makes it pretty clear that the hedgies are losing control + +[Note what a normal market looks like on the left vs. where we are now.](https://preview.redd.it/mj5uu2ebd4571.png?width=3634&format=png&auto=webp&s=9eea5bd3ab14acc7d5938987d19d9f86adb597ee) + +# TRUTH or FUD! + +**FUD:** Retail buying is the only factor driving prices up. Gamer Apes and Movie Apes are just really good at meme hype and people are FOMO'ing into these stocks in droves, and then periodically bailing out when the price action gets too spicy. + +**TRUTH:** The fact that other stocks which don't have a community behind them are still holding onto their gains from the blip 4+ months ago AND are experiencing wild price action similar to GME, while ALSO trending upwards following their own exponential curves, tells us that ***SQUEEZY MARKET FORCES*** are the primary driver of what we are seeing. + +IMO, **retail simply doesn't have the purchasing power to maintain 100% to 2,000% gains across 135 stocks.** Especially not in a post-pandemic world where nobody works and we all just gamble away our government teat-milk based on 2-star-quality wallstreetbets DD. + +[\*It's not that I hate my job it's just that I hate having to have a job](https://preview.redd.it/wxyuzh9m30571.png?width=718&format=png&auto=webp&s=b2ee2a9c4ec406443037e4f5ecf4a57f21289c79) + +This analysis again led me back to HD Hank & The Quant Apes work with price action correlations among groups of stocks. Taking the top 75 gainer-maintainers from the earlier exercise, I created a correlation matrix for those stocks across 2020 and 2021. We want to see if correlation increased in 2021. + +Greener cells indicate higher correlation. + +[\*The diagonal white line is a byproduct of how the matrix is constructed- disregard. Also, I chose the top 75 because I didn't want to wait 3 hours for my laptop to process the larger dataset.](https://preview.redd.it/neqpx9ijq4571.png?width=1632&format=png&auto=webp&s=770d7f5e9664dead065a9eb612936a47881cdbf4) + +I know these just look like shitty QR codes, but the results are significant. ***The aggregate correlation value for this set of 75 stocks in 2020 is 22.19, while the aggregate in 2021 is 60.9 (hehe).*** + +***This means that correlation among these stocks increased by nearly 3x in 2021***. A free market doesn't do this. A manipulated market does. + +&#x200B; + +# Conclusion + +The House of Cards is much larger than we know. Greedy SHF's thought the pandemic was an infinite money glitch and over-extended their short positions on brick and mortars and other vulnerable industries because it "literally can't go tits up". They were so over-leveraged that the simple ape strategy of buy-and-hold became the proton torpedo down the death star vent shaft. What we are witnessing now is the beginnings of the chain reaction that blows up the whole thing. + +If you aren't Star Wars savvy, [click here](https://www.quora.com/How-did-Luke-Skywalker-destroy-the-Death-Star) for an explainer. + +It doesn't take much to topple a House of Cards- the real challenge is simply having the guts to do it. + +https://preview.redd.it/y8fbknwz80571.jpg?width=2000&format=pjpg&auto=webp&s=d313208f5fa017cb4773086c9e7c556597bdef4e + +So wen moon? Moon soon my dear apes. For the moment, [we are here](https://www.reddit.com/r/MovieDetails/comments/hml9ua/in_the_big_short_2015_the_analyst_from_standard/). + +https://preview.redd.it/bac2kx5m40571.png?width=960&format=png&auto=webp&s=f8bc7e886865d2b52cbc88b414e129d94cb6e7c6 + +\*\*\* Thanks again to HD Hank and The Quant Apes for the inspiration for this post \*\*\* + +EDIT: Full list of gainers & maintainers here: + +[https://docs.google.com/spreadsheets/d/1WKPzllUsVD4Py\_tfl6JsSlQA8slZ6bWpwDJ\_f\_ds5ps/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1WKPzllUsVD4Py_tfl6JsSlQA8slZ6bWpwDJ_f_ds5ps/edit?usp=sharing) + +&#x200B; + +**TL;DR -** The Matrix is Everywhere. This is not isolated to a few stocks. Analysis shows potentially hundreds of stocks involved. SHF's are economic parasites that have infested the US financial system. Buy and Hold is causing them to lose control of perhaps ALL of their short positions. MOASS imminent. +I work for a small company of about 30 people. In October of 2020 I received a raise to put me at $65,000 as well as a bonus of $5,000. My employer told me “I want you to for sure have made 6 figures by this time next year, and if that’s not the case then come talk to me”. Since then I have not received any additional bonuses or pay increases. + +I know that management thinks I am an extremely valuable asset to them, and it would be a pain to them if they were to lose me. My manager told me during my promotion “if you ever ever consider leaving, come talk to us first, we don’t want to lose you”. + +Our company has always been extremely good about compensation and nobody who works here has ever felt wronged by them. I am planning to talk with my manager at the start of September and bring up our conversation from what will be 11 months prior. + +Similar positions at competing companies within my industry pay more in the range of $120,000. I am planning on bringing up the fact that I could be paid more elsewhere, but have also considered interviewing for another position to use that as leverage in my discussion. However I truly love my current company’s culture and people too much to actually leave. + +Does anyone have advice for points that I should go into the meeting with, and any raise talk advice in general? Any help is greatly appreciated. +I went with my mom to the bank to help her get a loan for a home. Banker runs her credit, and to my shock, her credit score is deplorable for very obvious reasons: I see credit cards on her report that I didn't know about (my mother doesn't speak English well, and I handle all her finances). I give her an asinine stare, and tell her to spill the beans. + +She tells me years ago, a friend of hers, Sarah, asked if she could open credit cards under my mother's name for her son, Brad. The reason is because Sarah, and her son Brad, both have horrible credit and topped their credit line limits on all their cards. At the time, Brad promised my mother that he'd pay off any new cards that my mom opened for him within a year (that was 6 years ago). My mother, being naive and having a very limited understanding of finances nonchalantly agrees. She opened 2 cards for him, and then he immediately balance transfers his balances on his own cards to my mom's 2 new cards. Total debt transferred from Brad to my mom was ~10K. + +We left the bank. I chastised my mother (in a professional way -- she's still my mother), and I cooled off. I then called Brad. [For the record, he's a sordid, degenerate, uneducated, pathological liar that clubs, drinks, and does drugs for a living. This isn't a personal attack on him, but just to give you an idea of the type of person I'm dealing with. His social media accounts corroborate the aforementioned.] + +He said he doesn't use the cards, but just makes minimum payments on them. He provided me the login details; he was telling the truth in regards to not using them and making minimum payments. He then promised me to pay them off within several months -- he lied -- because that was 6 months ago. It's already been 6 years from promise #1, and I'm done being polite. He's fully utilizing my mothers total available credit, has late payments every so often, thus destroying her credit score and ruining her chances of financing a home. + +He already acknowledged that the debt was his (in future text message communication), and also made a promising claim, in writing (SMS), to pay off the debt in a certain time frame. I think he has several thousands in assets, but doesn't want to put that toward paying off CC debt -- especially when it's not under "his name." What's the best course of action(s)? + +TL;DR: A family "friend" took advantage of my mother, opened credit cards under her name, then transferred all his debt over to her. Mom can't get a home loan because her credit is destroyed. What to do? + +EDIT: I should've mentioned this earlier, the guy drives an Audi R8 -- that's a 150K car, but I highly doubt it's his (is their a way to check?). He's a degenerate who hangs around clubbers and drug dealers who live flashy. I'm sure he's borrowing it from a dealer who resides out of town and owns estate in my area. Regardless, someone living a fake and empty lifestyle like this has no moral resolve. Nobody with a backbone takes advantage of an old woman who barely speaks english and isn't financially fluent. + +Update: As suggested by many, I shared this on /r/legaladvice. Please see [here](https://www.reddit.com/r/legaladvice/comments/6ucsjp/just_found_out_that_a_family_friend_has_credit/?st=J6GYNVIV&sh=89f6406f). Would appreciate any lawyers' input. + +Update 2: Apparently, this made the front page on Reddit. This is my second post on this site, ever. This is an incredibly generous community that really does give weight to big issues facing normal people. Just wanted to say thank you, sincerely, to each and every one of you that has taken time out of their day to put forth their thoughts. I'll keep you updated on this. + +Update 3: Hey reddit family. It's been an absurdly busy few weeks, but there's good news. I've taken the advice of many. I made my mother shutdown the accounts and put a password on them. They're only payable accounts now and cannot be charged. I also became her power of attorney. + +I've met with several attorneys, police detectives, and private investigators. They all pretty much said the same thing, i.e., there's really no (short-term) objective of obtaining a judgement and accruing lawyer/PI fees if we cannot collect from Brad/Sarah. They told me I first had to figure out their assets, then further dig and see if they had any judgements, holds, or liens against them (which may make the collections process much more difficult). + +And so I did some digging, and God, was I astonished. The guy and his mother have over 7 cars -- all in their names -- and recently mortgaged a $300k home! I was sick to my stomach to find that out, but at least I know they do have the financial ability to pay. They obviously lied about not having "good credit" or the financial means to pay off their old debts. + +After approaching the attorneys with this, they said I have everything I need to achieve a judgement and collect (acknowledgement of debt, written agreement to payoff, breach of contract, certified vehicle ownership/title documents from the SOS, etc). The attorneys were all sincere in their advice and told me the #1 objective is to collect and avoid additional fees. One attorney was actually nice enough to not charge me and provided me with a template to take to a notary. + +Thus, to avoid the legal stage, I'm initially going to ask Brad and his mother to come to the notary and sign an agreement to payoff their debts in a timely manner. I'm human, so I'm giving them reasonable time to pay off their debt (anything is better than the 18 year minimum payment plan they're currently on). If they don't agree to come or sign, or if they fail to pay in accordance with what they agreed to and signed, then that's when we'll approach the courts, and the process shouldn't be too difficult afterward considering the plethora of evidence and financial information I have on them. + +So that's where we stand today. Thank you again for the hundreds who shared their thoughts and ideas. I wouldn't have been able to figure all this out without the outpour of support from the Reddit community; some who work for Audi, others in the repossession industry, and others in the legal and intelligence community that have helped tremendously. I cannot thank you guys enough for your help in sending me in the right direction. So thank you guys, seriously. + +I'll keep you guys posted along the way. + +...and I love it. Well played, gentleapes RC and DFV (and the whole of GameStop, if you indeed are planning what I believe you may be planning...) Here's a virtual beer and a "Cheers!" + +Ok, first things first: this is not financial advice, this is merely speculation on my part. *Not financial advice!*. I mean it. Don't listen to me - smooth brain, crayon goes into bum-bum and so on. Correct me if I'm wrong too. + +~~Today (04/12/21), at 1 AM~~ (**Edit:** u/Legendary-Pokemon noted that apparently the Twitter date I see in Finland isn't accurate for some reason. **Edit 2:** Argh, timezones - thanks u/terasacis. ) At some point during his time travels , good ol' Roaring Kitty posted a twitter [poll](https://twitter.com/TheRoaringKitty/status/1381366520702468098): Exercise **none**, exercise **some** or exercise **all**? + +I mean sure, everyone needs exercise, right? I can't live without it, so of course you select ***all***. + +What? You mean he's talking about his *calls*? Not like [track-running?](https://www.reddit.com/r/wallstreetbets/comments/m3fupy/wsb_retards_at_market_open/) I wouldn't know any of that, sorry - I just like the basic stock. + +Sometimes it pays to focus on the sizzle and not the steak, though. When someone posts a poll on twitter... what do you do? You ***vote***\*\*.\*\* + +I believe [Vanguard confirmed that the proxy vote materials will be sent out to shareholders on the 15th](https://www.reddit.com/r/Superstonk/comments/mpficb/vanguard_confirms_they_dont_lend_my_shares_and/). + +You know what a *twitter* poll is also good for? *A countdown timer* \- How many days have you got left to vote? DFV's one has 3 days to go on the tweet, so... the 15th? + +Vote. + +15th. + +Exercise. + +&#x200B; + +Hmm... + +Maybe **exercise your right to vote on the 15th?** Wink wink nudge nudge. Or maybe we'll just see some wild running starting from that day. Running shorts? + +Ok, so what happens if the proxy vote information is sent to shareholders on the 15th, and the 20th will be confirmed as the record date? (Could be wrong here, am just a monke, so correct me where necessary:) Doesn't the record date mean that ~~shorted~~ lent shares have to be recalled (no longer available for lending), so that the shareholders can exercise their right to vote in the annual meeting? If shorters fail to do so, are they then not susceptible to legal action? + +**Edit:** as u/ezzune points out, ***this does*** ***not*** ***mean*** that the shorts have to ***cover*** their short positions. This simply means that lent shares will have to be recalled for their owners to be able to vote if the owner of the share requests it - if you lend out your share, you also lend out your right to vote. Recalling shares for voting locks them away, so that they can't be lent to shorters. **See extra crayon at the bottom.** + +I mean, legal action - yowza. Cost of doing business... just like fines? Maybe, but it's an additional incentive to start covering too, and may draw undue attention to what may *actually* be preventing the shares from being returned... which may cause additional media attention to *larger* issues. And any legal action is a guaranteed extra layer of max pain to whomever is shorting GME and is not able to produce a share in time to those lending parties that request them back for voting purposes. + +What if there were several institutions shorting GME and there would be a type of *competition* between those parties to get those sweet, sweet GME shares first? I know I'd be the first out the gate. It's not cowardice if you're the first. It just means you're the fittest of the bunch, right? + +So, a 'recall' period from the 15th to the 20th - the record date. + +Remember weekends, by the way? Those things that used to be fun, but no longer are? If we see any covering action come Friday, this weekend is going to be *extra* spicy for certain short folks, since... can you cover on a weekend? No? I don't think you can - at least not on the open market. DFV may be hinting that GME is going to force the shorters' hand a bit, giving them an extra-short (get it?) period to get people their shares back for the shareholders proxy vote. If someone starts covering on Friday, it will be the *fittest* shorting party, as this is quite literally a game of survival. Exercise - survival of the fittest. Hmm... + +And let's not forget: GameStop also submitted a document to the SEC that *quite specifically mentioned* that their Class A stock is subject to volatility that is out of their hands, and a *short squeeze* was a specifically mentioned potential threat. Shorters may have to *pay premium* to buy back any shares if they are short on GameStop's Class A Stock... + +All the legal steps have been taken, so no-one can blame GameStop. They're just going about their business. If someone doesn't move when the steamroller starts rolling, it's on them. + +I know I'm not the only one who feels that something big is coming. History may be [repeating itself](https://youtu.be/FOm1JM-yxNU?t=143). Just look at JPOW - [it's in his eyes.](https://twitter.com/TheRoaringKitty/status/1381629920745562115?s=20) They poked the kitty, and [their time may be running out. Tik-Tok-Tik-Tok...](https://twitter.com/TheRoaringKitty/status/1381610743058026498?s=20) yes, it's in the eyes. + +**TL;DR** \- GameStop may be squeezing the shorters' allotted window of 'painless' share recall from 5 days to 3 for the shareholders' proxy vote, starting from the 15th to the record date, the 20th, due to the upcoming weekend. GameStop is most likely egging the shorters on to cover: the first shorter out the gate loses the least - or maybe even survives. If no covering happens, there will be extra scrutiny and the additional pain of legal action towards the shorters. + +**Extra crayon:** DFV may also be hinting to retail that they should exercise their right to vote once the GameStop instructions hit their mailboxes on the 15th, so that there will be max pressure on the shorts before the record date. Remember: you don't want to have physical shares on hand (hard to sell come MOASS). + +**Edit 5**: this part has raised some questions. In the olden days (even today on some stocks) you could request a physical copy of your share. They would be 'recalled' as physical paper and then sent to you. Just to avoid confusion, make sure that your broker doesn't think you mean _this_. If you're holding a physical share (that GME doesn't do anymore), it will be quite difficult to sell if and when the MOASS comes. + +Just make sure that your shares are on a cash account, that all margin and lending is turned off and that you've informed your broker that you would like to exercise your right to vote during the annual GameStop meeting, meaning your broker shouldn't lend your shares and will have to call them back if they are currently being lent. + +And no dates - I'm a perfectly happy cat if I'm wrong and nothing drastic happens come Friday. But it's also good to be a wild cat sometimes and speculate. + +I like the stock. + +**Edit 3:** cleared up some of the terminology, namely the **record date** (20th), as noted by u/skk184. + +**Edit 4:** thoughts on [what might be on the horizon](https://www.reddit.com/r/Superstonk/comments/mpiwac/something_big_is_brewing/?utm_source=share&utm_medium=web2x&context=3) by u/Peepzer (thanks u/karasuuchiha) +I'll keep it simple - I'm a mid-30s director at a mid/late stage startup (non-technical, if it matters). Virtually all of my conversations with my management are around organizational priorities and updates. I have not received any tangible developmental feedback in a long time. + +At this stage of my career, is it reasonable to expect any guidance to come from my chain? + +Is it even appropriate to ask, or does that makes me look 'weak'? + +Is this something I need to specifically identify a mentor for? + + +Understand this isn't 100% related to FatFIRE but figure it's an appropriate audience given the concentration of highly accomplished professionals. +Hi, + +I started investing approximately one year ago and I have a "standard" 90/10 allocation in iShares World/iShares EM, accumulating. + +What I would like to see is + +1. How much money did my ETFs "do" in dividends in the last year? +2. How did that translate in an increase of value of the titles I own? + +For what I can see all the numbers I can get are + +1. how many ETF shares I own, which doesn't change unless I buy/sell some +2. The market price, which comes from the market rather than the intrinsic value of "one ETF share" + +Well while writing this I understand I don't really _know_ how to evaluate the value of an ETF share... I guess I have some reading to do. Any keyword I should look for for starters? + +I know the difference between distributing and accumulating ETFs by the way, I guess what I don't know is what *actually* happens when the dividends get reinvested and which consequence does it have... + +Thanks! +Hi Reddit! I am currently a PhD student in Portugal that is currently living with his girlfriend of 5 years. + +Currently me and my girlfriend decided to open a joint account to use for investments and long-term savings. We currently have an above-average income in Portugal (I make about 1.3k from my PhD scholarship, while she makes ~900 per month). We have our own house, currently being payed out at 400/month, a nice 3 bedroom house 130m2 with a backyard with no interest whatsoever or bank mediation. I also have added flow from an apartment I own in Porto (850/month) although that money has been going to my mother and father while they pay off an outstanding debt left by my father/brothers shenanigans after their firm defaulted on a bank payment. + +We were interested in beginning to invest long-term, through DEGIRO (it was the most recommended platform and it was where we opened an account) but we are both rookies on this area. Our plan was to every month deposit 100 euros (50 from each) since we both usually save about 200-250 euros per month. +My question to you all is then, with this 100 euros per month what would be the best strategy to maintain a steady investment? I am not looking for any short term gains, I am looking for long term savings. This money would not be touched at all, we'd just keep depositing monthly as I mentioned. + +Any help would be appreciated. I am a savvy person and I am well educated, but I am quite raw at this financial area. +**Quick background:** \[21,LI NY\] + +Currently finishing my senior year in college. Looking to buy my first property as soon as I am out of school. I work in sales making 65k-90k/year. Living with my parents. Around $40k in savings, projected to be around $80k when ready to purchase first property. + +&#x200B; + +**The plan:** Start investing in a lower cost area, as Long Island NY is far too expensive to start. I am in no rush to move out, considering local home prices, so I plan to invest in a few properties before buying something for myself. I would like to start investing in areas such as Pittsburgh, Philadelphia, Rochester, Buffalo etc. All within driving-distance, but in far cheaper markets. I think the initial \~$80k investment should be enough for 1, maybe 2 duplexes in those areas (20% down). The plan is to use those properties, and build up enough cash flow to fully cover(or at least a considerable amount) of a mortgage for a home in LI. + +&#x200B; + +**What I'd like to hear:** Any experience regarding homes in these price ranges. Anything special I should look out for? Obviously these will not be gems, or be in the best areas, but you can't have it all. I am just looking for something that will be able to generate decent cash flow,, with room to hire a property manager considering I will be a few hours away. In your experience, is it worth investing into multiple properties at lower cost, VS a single property in a good area? Investing in properties in college towns? +So a few months ago, someone I had met in the first few weeks of my first semester at college, had been posting pictures of his MT4 account with his profits, and I was pretty intrigued. I asked him what it was, and he said it was the Forex market, so I wanted to learn more and asked to meet up with him. When we met he was explaining it a little more and told me that he was in this networking trade group called IMarketsLive and went on to offer for me to sign up, upon which I said I wanna do a little research before I sign up for anything. And so I did, and saw a lot of different opinions about IML and the things they do, and I wasn't really attracted to the networking aspect and also did not want to start paying $275 a month just to be in the group. It seemed to me like it was kind of a pyramid scheme, so I turned down the offer but decided to try to learn about the Forex market for free on my own. + +I started doing more research about it in my free time, and eventually I discovered the BabyPips website where you can go through around a 330 lesson course, which goes through a lot of the basics and foundations of Forex trading. I made it through that in about a month and a half or so, and then opened up a demo account with IG. I watch a lot of youtube so more and more videos about forex started popping up in my recommended and have definitely helped along the road. + +One thing I saw is not to have a demo account for too long, so after around a month of having the demo and getting a little profit, I opened a live account with $300 on Oanda. I use their online trading platform and it's alright, there are some things I liked better with IG but that's besides the point. + +I've been trading with lots of 500 units or less so I'm only down about $6, but I feel like I'm kind of stuck. After all the stuff I've read and watched so far, I've come to understand that there are some key things every trader needs to do. From what I've seen, it's + +* develop and backtest a trading plan and follow it strictly +* always use stop losses +* have good risk management +* have balance of technical and fundamental analysis (which I recently realized as I hadn't studied any fundamentals) +* keep a trading journal +* don't over leverage +* have a good trading psychology +* keep it simple +* be patient + +Among a few other things I might be forgetting, I understand these are crucial points to follow to become a successful trader. The only thing is I feel like I've flooded myself with so much information and I really don't know where to go from here. I don't have a trading plan mainly because the best thing I've heard to do is make one that fits my trading style, but simply put I don't know what my trading style is and don't know how to actually construct a usable plan. + +I know many people join the market because of the dream of turning $25 into a million dollars, however I don't have that mindset. Also I know I should focus first on preserving my capital and being consistent rather than focus on getting a lot of money, I just don't know how to do this. I am ready to put more effort into the market, I just don't know where to put it. + +Another thing to note is that for when I am ready and have developed a proper strategy and everything, I have sufficient capital (around $3k) to actually start making some serious profit. (for a 19 y/o!) + +Anyways, if you would like to give any advice, tips, things to avoid, stories, anything - that would be greatly appreciated! + +Thanks for reading👍 + +EDIT: This is my first time using reddit so I can't reply to anything because I don't have enough karma whatever that means. But thanks for your responses, they will definitely help me to start building my own strategy. +So GME is on the cusp of printing a Golden Cross on the daily chart. For those not in the know, it’s when the 50 day moving average crosses above the 200 day moving average. It’s a rare occurrence, GME last printed one in September 2020. + +While the majority of TA is redundant on a highly manipulated stock like GME, a Golden Cross is the real deal. This is one of the major indicators large institutions use to enter positions. It will trigger alerts on trading floors across the globe. + +This isn’t just any other Golden Cross though… SPY printed a Death Cross on March 14th. This is the opposite of a Golden Cross, when the 50 day moving average crosses below the 200 day moving average. + +Printing a Golden Cross a few months after the overall market just printed a Death Cross is highly bullish for GME, and further validates the thesis that GME is the hedge for the impeding crash. We truly are in negative Beta. + +When you factor in 52%+ of free float DRS’d and rising, this has the ingredients to be the most bullish Golden Cross. Ever. + + +I believe it’s almost time to call your moms. Buckle up, LFG. 🚀🚀🚀🚀 +I drive a 10 year old car I bought new right after college. It’s on its way out and sinking money every few months at this point. I could probably get another 2 years or so out of it with some decent tune ups but I’m worried about the current market just getting…worse. + + +I know no one can see the future but I’d welcome input as to whether or not I should just bite the bullet and pay now or wait to see if prices come down in a year or two. + +For what it’s worth, car has no value bc I bought the salvage title from an accident awhile back when car prices were starting to spike and I didn’t want a car payment lol +Hey r/realestateinvesting + +This sub has been so beneficial and really enjoy sharing my real journey as a real estate investor. If you see my post history, I had recently moved out of state and went from self-management to a professional manager. My mindset had changed and things have gotten a lot better, because, at the time of my last post, things looked very grim because after all of the fees, vacancies, etc we took close to a 32% loss in profit in our cash flow by using professional property management. + +However, I came to a new conclusion, and here is why. + +**Quick overview -** + +We started our single-family rental property journey in 2017 and now today have accumulated 10 properties. At the time, all of the deals we did 30-year, 20% down, fixed-rate financing (I.e. maximum cash flow). While self-managing, cash flow was roughly $4,000 a month and now with a property manager it is down to $2,700 a month but it is a lot less headache. + +BUT the reason for the title. Originally I was so bummed and thought the hit was huge and really contemplating if this was still worth it to do REI. But this sub helped me to realize that my major learning was having a property manager would allow me to scale to many more like 50+ properties whereas the 10 properties I was capped out on time and honestly hated it. Hence, it was worth for just that sole basis on the opportunity cost and personal preference. In addition, there was always the possibility that rents would increase over time, and eventually, we would break even or even more profitable one day. + +**New Learnings I.e. title reference** + +However, since moving out of state, our portfolio has just skyrocketed in value, at the time of acquisition our portfolio was roughly worth $637k and now today it is worth close to $1M in only 4 years while still cash flowing every month to cover expenses and an emergency fund. + +Hence, here is the major learning I took away is: home appreciation is where the real money is over cash flow. Though we took a loss of $1,300 a month, even if we only see 3-5% appreciation per year, it is completely worth it to hold our portfolio. Tax benefits and cash flow are just the icings on the cake. Cash flow is really important, BUT, a loss of $1,300 a month to gain many thousands more in appreciation really put it into perspective on the value of holding long-term. + +**Going forward** + +We are now in talks with a commercial lender to refinance all properties under one loan to a lower rate on a 20-year amortization and going to do a cashout refinance and purchase more properties. Once the final appraisals come out, we will be able to pull out almost $175k cash (80% LTV), lower our monthly payments, and increase cash flow and drastically increase our principal pay-down payments. + +*Our plan is to use the $175k + $100k of our cash to purchase a $1M+ apartment complex. We are using the same bank that is doing the refi and the same property manager on our single-family residences to manage it. We will ultimately be lowering our overall property management fees and doubling the value of our rental portfolio to $2M and almost tripling our monthly cash flow.* + +**Conclusion** + +The moral of the story. Had I have given up and been discouraged from the frustration of a property manager (I.e. losing $1,300 a month), none of this would have happened. If you are reading this and frustrated too, stick it out, continue to read this sub, educate yourself, and network with mentors to learn new strategies! Hence, if you are feeling discouraged and want to quit, there is always an angle and a play, keep on going! + +I would love to get any feedback and happy to answer any questions that anyone has. + +I hope this helps someone to keep on going! Happy investing! +&#x200B; + +I started the portfolio last yr during the lockdown. It's been a little more than a year and I'm looking back to consolidate. My portfolio currently has a few sectors with ETFs in it, but I also have holding in VTI. Looking at Yahoo Finance, VTI is up 19% YTD. If the money invested in sector ETF isn't up as much as VTI, basically I'm compounding at a slower rate. Does that basically rule out that sectors in my portfolio is useless? Thinking about selling out of VCR / VNQ / VYM / VHT / VOO / XLE, and just focus on VTI+VXUS. Then keeping the rest of my single holdings intact. +My favorite etf, $IHI, is splitting 6 for 1 soon. Generally is there a run up/down like we’ve seen with apple, Tesla and NVDA pre and post split? I know these stocks are far more volatile, just never experienced a split with an etf. What generally happens, if anything? +I’ve been trading options for about a year now. Like many, I started by throwing my money at something I knew nothing about, and saw crazy losses. Since then, I’ve wisened up and now have much sharper skills when it comes to charting and understanding factors like theta, IV, etc.. + +In May, I decided to do a very small account challenge. I started with $200 and my goal was to reach $1000 (500%) return. I reached that goal after about a month of trading, through mostly consistent, small wins. + +I cashed out half of my cash balance and started back over with $500 in buying power. I immediately blew up my account in a few trades, and was left with $110 in buying power. I was able to turn things around and managed to recover. Last week, my account saw a high of $560, but between Thursday and Friday, I managed to lose the majority of my money again. + +This time I’m left with $38 in buying power, affectively nothing. I try not to get too emotional, but I’m pretty defeated. I’m a young college student who’s trying to make this into a career, but every time I feel like I’m figuring things out, I take two steps back. + +Since I don’t have much left, I can’t really make any trades to turn this around, so I’ll likely be depositing money back into the account. + +With that being said, does anyone have any advice for me going forward? Anything about risk management, when to cut losses, or how to deal with these crushing blows? I just want to have an honest conversation. Cheers. +Lately, there have been several posts on this sub spruiking how good property investment is. The invariable tone of these essentially go, "Well I bought my house in 2010 \[or some other year\] and by literally doing nothing, I now have 500k \[or some other amount\] of equity in my house and have a house worth $1.2 million \[or some other amount\]!!" + +There may be some reading who have even borrowed against existing equity in a home to get several other investment properties. This extensive portfolio of houses is then spoken about to the newbie investor who may be drawn to the dollar signs. + +We see them. We read the articles on the news about how some 25 year old has 7 investment properties, one for every day of the week. We get outraged about how some 35 year old fast food worker somehow bought a townhouse (hint: her mum and dad forked out most of the deposit). In the world of fast money and impatient people, property is continually stated as an amazing way to get rich, and fast. Did you know that house prices near "in demand" schools rocketed 46%? + +I aim to show why newbie investors, ones who have not got on the "property ladder" yet should strongly question desiring an investment property. Let's talk about one aspect for now, this idea that it's easy to make money with property. + +# It's so easy! + +A recent quote from AusFinance: + +>So what’ll happen is investors and boomers with $2m in equity will still be able to borrow stupid amounts while first home buyers are limited and continue to be priced out. + +This is the main sort of thing that I addressed at the top. People who have bought homes from around 2010 or whatever have just had this massive equity growth through absolutely nothing on their part. + +Whereas it will take a person several years to save for a house deposit, these investors have literally been able to live their own lives and do nothing yet amass massive amounts of equity. This equity is of course then used to fund the next house. They could've squirreled away 100% of their paychecks in the meantime (after paying off their interest and buying their necessities of course) or splurged all on hookers and Coke but no matter what they've done, just by doing nothing other than *staying alive*, they've now amassed enough equity in the home to fund the deposit for the next house. + +Some might stop me here, outraged. "How dare you!" they say. "I paid my dues, I saved up for my first house in 2010 and I am now reaping the fruits of my labour". That is true. They would've had to go through the same process. It's just that the difficulty level has changed. + +In 2010 for instance, the median household income in cities was around $66,000 and the median dwelling price was $487,000. You can no doubt see where I'm going here: the median dwelling price now is probably double that. And newsflash: the median household income in cities hasn't doubled. Facts are facts: it is now more difficult and arduous to save up for that deposit. + +&#x200B; + +https://preview.redd.it/8o50xeeo1lp71.png?width=640&format=png&auto=webp&s=f6ca7a41e4252d034e00c3b7ca0527d128f73e58 + +Of course, some might say, "Well, the bank will only lend to you if you can service the loan!" That's fair. But in this scenario, aren't we already assuming that the person can already service the loan? The issue here is saving for the deposit. It's easy to service a loan with money this cheap. A uni student can get a full time job right now and go to a mortgage broker and what will the response be? "Yeah, you can service a loan of X but you need to *save for the deposit*". + +Now let's compare the plight of the FHB to the *existing* property investor. They will be working, putting away $250 a week or however much they can into a small 1.2% ING Savings Maximiser because that's what the Barefoot Investor told them to do. They may even get on some sub-optimal investment strategy like YOLO GME calls to try multiply their money, fast. They are just fighting on, keeping at it, hopeful that in several years when they have saved enough money they can finally "get on the ladder". They are told to lower their expectations and just buy out in Woop Woop first and then in a few years, trade in for their *real* investment property/dream home. + +&#x200B; + +[Source: https:\/\/www.aussie.com.au\/plan-compare\/property-reports\/25-years-of-housing-trends-property-market-report.html ](https://preview.redd.it/vt246l6p1lp71.png?width=730&format=png&auto=webp&s=bc88cb8c19c2f74b1bfb422cd94ae4d5b83de838) + +In addition to this advice there's more: just stop eating the smashed avo. Save that extra $15 from the brunch cafe, they say. Get a better job. Maybe even get a second job. Live frugal and penny pinch and you can get there too. Eventually. Or just ask your mum and dad for deposit money. You have a mum and dad, right? Or just buy with a partner! You'll get married soon, yeah? Just look at the chart! Look at the gains! + +Some might interject here and say you can get homes with a 5% deposit, or just fork out for LMI. This is true. The question of LMI is an interesting one, because so often we are told "rent money is dead money" (as though it is shameful to pay off someone else's mortgage), but what is LMI? LMI stands for Lenders' Mortgage Insurance. It is an amount you, the borrower, pay the bank as insurance in case you can't pay off the mortgage. Now **that** folks, is practically the definition of dead money: paying someone else for insurance they get close to 100% of the benefit from. + +Others might say, "But LMI is tax deductible". That is true, but... you're still net worse off. You still need to fork out 50-70% of the LMI amount in the end after the tax deduction. And in any case, how long will it take you to save up a 5% deposit? For a million dollar home, that's still $50,000, which is the median adult income. As some say, if prices continue to rise, perhaps a 5% deposit in a few years time may be $60,000 or $70,000. What to do if your saving rate isn't as fast as how house prices are rising? What is the opportunity cost of you piling all this money into the bank account to try and "get on the ladder" faster? It is a question many are grappling with and is indeed quite a conundrum. But for an investor's perspective, that issue of *opportunity cost* is key. Is it all worth it? Really? + +&#x200B; + +I want to clarify here that I am not talking about FHBs who want to own a home to live in. There are many reasons to want to buy a home, maybe you have a new family and you need space, or have elderly relatives in the area you want to be near. With this point of reference clarified, why in the hell would you fork out your *own* money to buy insurance you *get ZERO benefit from*? Well, that's not true. You do benefit from it because you're now "on the ladder" and now can rake in those sweet equity returns. + +I want to emphasise the point of this section again. A property investor who got in five years ago could literally put all their paycheck (after essential expenses), month after month, on black at the Star **and lose**. Nevertheless, in the same five years, they (in many cases) would still amass enough equity in their existing home/investment property to have enough of a deposit for their next house. How's that for contrast? + +But they encourage you on! Keep at it! Because once you are "on the ladder" the equity will grow. Did you read that? *Will* grow. Guaranteed (well, except if you buy an apartment, or maybe if your apartment is less than ten years old, oh and make sure you buy in a good area)! + +There is a fundamental mismatch here. People who have had it so easy are now preaching about how easy it is to make money. With interest rates at rock bottom levels, the plight of the saver is bleak. They are forced and even recommended sometimes on the sub into sub-optimal investment strategies like ETFs over the medium term to try and "catch up". Meanwhile, those who are already on the market can truly speak hand on heart and speak no word of a lie about how easy it has been to notch up their fourth or fifth property. And guess who'll be bidding against you when you finally save up your deposit? They will, oh, plus all the FHBs who also want to buy to live there. + +# Summary + +The ease of these mum-and-dad property moguls has come about due to the spectacular rise in house prices over the past twenty or so years. I hope to have illustrated the sheer lack of anything needed to make money in such a world. Indeed, right now, prices are *still increasing*. Many thought that COVID would stop it, many thought that Australia being a hermit nation would prevent it, but no, somehow the prices keep going up. The RBA rates have been cut repeatedly in a downward trend and now the deck is stacked so much in favour of the asset owner. With money this cheap, asset owners are easily able to service mortgages, while those saving up now have to save for longer or just save more per week. + +For a new investor, I want to have illustrated one main point here: getting on the property ladder isn't easy nowadays and thus it's not that easy to make money in property for someone starting out. The barriers to entry are high. At an absolute minimum, a 5% deposit will almost certainly be tens of thousands of dollars. How long will that take to save up? If you are not lucky enough to get into a government grant, you may fork out several tens of thousands more for LMI, not to mention other transaction costs. + +These costs might just be the "cost of entry" into the market - as arguably brokerage is. My point is: why bother? There are other investments where you don't need to fork out tens of thousands as some sort of "cost of entry". The way some people talk about property, it is almost as if after you get the first one, you can have showers with $100 bills. It's a lot more nuanced than that. + +To be clear, it *has* been easy. And while it *has* been easy, note the past tense, it is more and more difficult for a newbie investor in 2021 to even get "on the ladder". Playing "property mogul" in 2021 is easy *if you're already on the ladder*. Why? Because you have so much in built equity in your current property that you can quite easily acquire more. + +No one is denying that these people have got it good. Facts are facts, history is history. We cannot change the past but can only affect the future. + +So as we look forward, can we logically conclude that because prices have gone up in the past and in fact are still increasing now, that prices will continue to go up at the same rate? After all, that's the end goal right? You pay LMI and you save up for the deposit and do all of these things because *property only goes up*. + +[Source: https:\/\/www.aussie.com.au\/plan-compare\/property-reports\/25-years-of-housing-trends-property-market-report.html ](https://preview.redd.it/9bwyzehq1lp71.png?width=725&format=png&auto=webp&s=3c67b53ccd01b2f0ab6758db5e0bb093935844ed) + +Next in the series (when I can be bothered to write it): FOMO and "past performance is future performance" + One of the main signs of a bubble, in my humble opinion, could be when you see unqualified people making stock recommendations to the masses (appending those recommendations, of course, with the statement: “This is not an investment advice”!). + +For example, a YouTuber claims to be a non-expert, calls his channel something to the effect of "Investing University"! + +When the channels, blogs, vlogs, and accounts of those unqualified people **disappear**, then we could be at the point of maximum pessimism (a.k.a. the market bottom). What do you think? +I see too many people talking about stocks but don't know basic accounting principles or the most fundamental valuation ratios. They pretend to know the industry but can't name the biggest players. + +I also don't know a shit ton of stuff about accounting and most industries. But I am aware of this and steer clear. + +Buffett's advice to stick to your area of competence is probably the best advice he has ever given. I truly believe people get in their own way because their head is so far up their ass and they refuse to acknowledge they don't know nearly as much as they think they do. + +The true value investors are long-term successful because they know precisely where their limits lie and constantly push the envelope of their area of competence. Buffett will tell you he doesn't understand tech, but he probably knows it better than you. He also knows the ins and outs of a staggering number or industries. He is humble, not because it's an admirable virture, but because that mindset is critical to evaluating a business critically and within the proper context. + +If you don't know a business or don't know how to distinguish a balance sheet from a cash flow statement, then the first step is to fucking admit it instead of going around spewing your bullshit. +**Note:** Before reading, consider if I'm worth my salt. Here's an overview of my performance since I started posting Stock Analysis to reddit: https://www.markovchained.com/profiles/view/reddit:F1rstxLas7. Any good investor heavily considers the underlying performance of a business before buying into them, so why shouldn't we do the same on reddit? + +**Intro:** iRobot = Roomba, got it? It's really that simple. It's a household name brand that sells their robot vacuums, as well as automatic floor mopping robots, a robot that teaches kids to code(this speaks directly to my heart), and their new robotic lawn mower. Incorporated in 1990, Headquartered in Massachusetts, blah, blah, blah. + +**Bear case:** Yeah, we're going to do this analysis a little differently. + +There have been a few good threads examining IRBT, most of which have the same few comments and criticisms. + +1. "There are so many low cost alternatives to the Roomba, iRobot has no chance at maintaining market leadership." This isn't wrong, only... it kind of is. iRobot has been stating this for literally *years* in their 10Ks. They know it exists. There *are* low cost alternatives that reduce the quality vs price trade-off, but this does 2 things: + * Creates a race to the bottom effect between low cost manufacturers thus competition grows between *them* just to survive. This reduces overall profitability of low cost brands and removes them from the market sooner. + * Hurts the robovac industry *short term* as people purchase these low quality products, realize they're not super effective, and decide to just stick with a regular vacuum in the future. + +2. "IRBT has failed to capitalize on their technology or to expand." First of all, they lead the market in their technology and I don't mean ahead of the aforementioned discount brands, I mean against Samsung, Shark, and other major players in the household cleaning industry that have been established *for years.* They are specialists, through and through. Their process is slow and deliberate and that's *exactly* why they'll maintain their market edge. Admittedly, this is exactly what frustrates investors- the lack of perceived growth in a time when every other tech-centric consumer good is gaining momentum- and I love iRobot for this. + +3. "IRBT stock price hasn't really moved much." If you're investing based on stock price movement, you're not investing at all. But since I know that's not helpful, fine, the price has about tripled in the last 5 years. + +Alright, I admit that the above Bear case was only used to illustrate some rebuttals to common arguments against IRBT. It's important to consider that just because I disagree with the arguments above, doesn't mean that the rest of the market does as well. Public sentiment is always a factor when considering investments and I realize that right now I'm betting against the above arguments. Below, I will get further into some of my subjective analysis that further defends this thesis. + +**Metrics:** + +1. **P/E** of 16. I know, everyone is hating on the P/E ratio lately, but it's still a valuable indicator of a company's performance whether we like it or not. Ok, so a P/E of 16 is reasonable at least, especially considering today's current max market P/E or Sharpe ratio. But that's not even why I'm mentioning it. If we exclude last year's COVID crisis effect on the market, iRobot's P/E ratio has *never* ***ever*** been this low. Now that's not to say it can't go lower, but I don't think I've ever seen a strong, high functioning company been as undervalued compared to itself as iRobot is right now. (MacroTrends) +2. **PEG ratio**, as a result of the above, is an absurd .89 if dividing P/E by the projected next 5 years of earnings growth. What's great about this is that that's *a low end estimate* for earnings growth. IRBT saw an earnings growth of 73% over the TTM, is projected for a 62% EPS growth over the coming year, and even their past 5 years show a 28.5% EPS growth. Dividing the P/E by any of those numbers makes the undervaluation theory *even stronger*. It's absurd how undervalued this is right now. (Finviz) +3. **Debt:** Zero debt, but I did want to mention this for a specific reason. When a company lacks *any* debt, it's perceived that growth is limited if financial leverage isn't being used. This is understandable, but I think that iRobot has found a middle ground between funding new projects with their own cash and maintaining a ridiculously healthy balance sheet. +4. **Other Basics:** Revenue, gross revenue, and Cash Flow from Operations has continued to climb steadily year after year. Their product lineup might not be growing, but they sure as Heck are growing stronger financially over time. Also, their entire cash position outweighs their entire Liabilities column on the Balance Sheet- how can you not love that? + +5. **Institutional Ownership** is 100%. There's no real room here. This shows confidence in the company, but prevents major moves upward by a new, big interested buyer to jump the price significantly. It also brings along the potential risk of a major move down if an Institution decides it wants to pull out. What compounds this issue is that there's only about 28 million shares of iRobot to go around and while they have issued buybacks to reduce this amount, which is good for investors, it can also be very scary during tumultuous times. + +**Subjective analysis:** I love but had the concern going into this that the company hasn't "grown" in a few years. After looking through their financial statements, I've been proven wrong. As a matter of fact, they've proven me wrong time and time again when trying to find cracks in the armor. I was hoping that perception of their product lineup was poor- it's not. Even with Samsung being in the same market as them since 2014, Roomba has *crushed* their competition and it's partly because the customer base believes in them. I then turned my attention to employee sentiment -that too was a dead end. Glassdoor shows raves reviews for iRobot. People like working there. + +Warren Buffett has said(yes, I know, the entirety of reddit quotes him but today this is extra applicable to this thesis) that there might be a thousand people who don't agree with your investing opinion- and that's fine. As it stands now, I don't think many people perceive iRobot as a company with the growth momentum of a rocket ship. Putting myself in the perspective of a business owner, which is what you become the moment you hit the 'Place Buy Order' button, has made me realize that I would love to own this business. It's a profitable leader in a market segment that has the *ability* to expand further into the quickly growing tech and robotics industries, but doesn't *rely* on them. So if the haters hate then let them hate, and watch the money pile up. + +If you'd like to read more about my investment strategies and analysis or other Due Diligence that I've done, you can find them on my personal site, [TheStockChartist.com](https://thestockchartist.com). Mods, if this isn't allowed, please let me know and I'd be more than happy to remove this link. + +*Disclaimer: The above is not advice, just an analysis meant for educational purposes.* +I think this can be a deep value play. They provide marine and specialist engineering services worldwide. The company operates through four segments: Marine Support, Specialist Technical, Offshore Oil, and Tankships. Their ship to ship transfer has been struggling, and their Nuclear decommissioning business has been lagging behind due to the pandemic. They have accumulated quite a bit of debt: 274m, more than the market cap of 201. However they have plenty of contracts signed, business should get back to usual soon, their high-voltage engineering services is going well: I think they have the cash flow to meet their short term liabilities. They are trading below book value, at p/s of 0.4 and, if we go back to business as usual, they would be trading on a p/e of 5ish. The shares plummeted 80% from their high in 2019, the market basically thinks this thing might go to 0 soon. The ceo disagrees, and recently bought 110% more shares. Could be an interesting play! +What you guys think? + +Edit 29/12: I opened a small position: 4%. Some info I dug up: To face the challenges ahead and because the chairman was about to retire, in May they appointed Angus Cockburn as non-executive chairman. He seem to be an interesting guy: he was part of the "blues brothers" who fixed Serco a few years ago (https://www.imd.org/news/testimonials/how-the-blues-brothers-fixed-serco/). After that 2 new non-executive directors have been appointed. They also changed CFO. So, they heavily renovated the board. They got £130m of revolving credit facilities renewed for three-year term, providing access to facilities of £287.5m in total and £247.5m through at least 2024. They are doing a full portfolio review, by cutting out inefficient businesses and focusing on their "attractive niches". To this end they sold their "Paladin dive support vessel" for $17.3m, and a "materials testing business" for £5.7m. The board agrees that things should get better business-wise in the second half of this year. +https://fred.stlouisfed.org/series/M1 + +"M1 includes funds that are readily accessible for spending. M1 consists of: (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler's checks of nonbank issuers; (3) demand deposits; and (4) other checkable deposits (OCDs), which consist primarily of negotiable order of withdrawal (NOW) accounts at depository institutions and credit union share draft accounts" + +Could anyone with a better understanding assuage my concerns? My understanding is that inflation remains low because [m1 velocity](https://fred.stlouisfed.org/series/M1V) is at a historic low, and international demand for dollars is at a historic high. What happens if (when¿) these factors change? +Okay hear me out... maybe it is not impossible? However, the comments on this sub over the last few months have shown a form of verbal loss porn only comparable to the degenerates over at WallStreetBets. One may even be in disbelief that selling puts is not a golden solution for all markets. + +**First off, let's talk about The Wheel** + +For those who may not be familiar, the wheel flows like: + +\-> Sell puts on a regular basis -> Put goes ITM and you take assignment -> Sell calls at (ideally) cost basis -> Call goes ITM and you take assignment -> Sell puts on a regular basis -> you get the idea. + +The wheel is lovely. The wheel has brought fortune for many over the last few years. But many people on this sub have found themselves bag-holding assigned shares and selling calls well below cost basis just to try to make more than $1/week. This is due the design of the wheel - **it is ultimately a neutral-bullish strategy**. The wheel requires flat or upward movement to continue collecting profitable premiums while assuming the risk of owning the shares. + +**The Fat Truth** + +Whether or not you believe we are in truly in a bear market, *the last 6 months have been the 2nd greatest downturn of the S&P500 in the last 12 years.* That's right folks, only the COVID crash currently has us beat, but that didn't last over 6 months. I'm not here to provide predictions as to where the market is going, but rather share how to take advantage of the trend over the last few months. + +**Okay, so if the wheel isn't working, is there anything else a trader can do?** + +Why, yes there is! I thought you would never ask! Similar to how the wheel is a neutral-bullish strategy, there are several other strategies that are neutral-bearish: + +1. ***Call Credit Spread*** \- Sell a call and buy another call at a higher strike for the same expiration date + +Some will argue that a spread is not a true theta strategy, but I say it's close enough. Spreads are nice due to the defined risk and reduced capital requirement. Additionally, the farther the spread, the more the short call starts to simulate a naked call. The strategy allows for a small amount of upward movement to realize full profits and thus is neutral-bearish. + +2. ***Put Debit Spread*** \- Buy a put and sell another put at a lower strike for the same expiration date + +Very similar P/L to a a call credit spread. The more ITM the puts are, the more upward movement is allowed, but lower potential gains as well. Switching between a CCS and a PDS depending on a green or red day may have a trader capitalize on more gains. + +**But what about if the market reveals itself to be a bleeding red bear market?** + +Thankfully, more aggressive strategies exist! + +3. ***Delta Buster*** \- Combination of an ATM put debit spread and an OTM call credit spread + +This is one of my favorites. With the ATM PDS, the premium is significantly higher. However, the risk is higher as *any* upward movement will cause losses. Thankfully, the credit from OTM CCS offsets the loss. As a result, downward movement of the stock can result in significant gains while upward movement is only a minor loss... as long as the CCS stays OTM. Otherwise it can be a bad day. + +4. ***Synthetic short*** \- Buying a put and selling a call for the same strike and same expiration date + +Pretty cut and dry. Stock goes down, money is made. Stock goes up, money is lost. The benefit is that you don't have to pay interest on what would otherwise be borrowed shares. However, just like a real short, this strategy has unlimited loss potential on the upside. + +5. ***Put ZEBRA*** \- Buy 2x of an ITM put and sell one ATM put for the same expiration date + +If the idea of a synthetic short is favorable, but the unlimited potential loss is too scary, then the put ZEBRA is the answer! The ZEBRA (Zero Extrinsic Value Back Ratio Spread) stock replacement strategy has a similar profit profile as a synthetic short. If the stock goes down, an equal amount of money is made. However, on the upside, the losses plateau at the initial cost. As a result, the strategy looks like a synthetic short, but with capped losses. The Put ZEBRA will require more buying power than a synthetic short. +Fun fact: If the ZEBRA were replaced with calls vice puts, the P/L chart looks very similar to owning shares, except the losses are capped at the initial cost of the strategy. + +**And what about if the market goes back up?** + +Then I encourage traders to resume using the wheels. A good trader knows how to make money regardless of the direction. If a strategy is working well, keep doing it! If a strategy was previously working well, but has been recently incurring loss, then it might be time to step back, look at how the market has been behaving, and reassess if a strategy change is needed. Keep in mind that of the five strategies presented, 1 & 2 are the only neutral-bearish. Strategies 3, 4, and 5 are purely bearish and will not work if the market decides to flatten or go back up. + +**Is OP some sort of financial specialist providing investment advise?** + +Nope. I'm actually a financial adversary who helps people lose money. Please fact check my work and do your own due diligence. + +**TLDR**: Strategies 1-5 are some of the potential ways to make money when the market is bleeding red. [Here is a post that can provide the full idea](https://www.reddit.com/r/thetagang/comments/w2evid/making_money_when_the_market_tanks_impossible/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +I've recently been reading books and blogs on also trading. Most of the examples use sma, rsi, bb, or something similar and they seem to get decent results. But would something like that actually work in practice. It seems like if it did everyone would be running a system to trade for them. +I have been a big fan of VZ. It's stability and dividend have caused me to sing it's praises. But, it just keeps slowing falling. This is an example of looking at one's investment and the niche they fulfill. I sold all 50 shares in my daughter's account and another 40 in one of my Roth's. I am a little more aggressive in these accounts. I kept the 300+ in my big IRA. As it does add some protection from volatility. I also sell OTM calls on it to boost income. Just saying, don't jump into it cause you see it here. Make sure you know what you are getting into and how it fits into you goals and plans. CFRA forecasting 0% growth for 2022 was the final straw for me. +So I decided to do a little shopping on Amazon yesterday. I ended up spending $311.82 with them. I was a little shocked when I checked my bank account today and found $311.82 charged to my card not once but twice. I called Amazon to ask WTF and was told *"The fulfillment center your order was placed with did not have the items in stock so we refunded your money and placed the order at a different fulfillment center that did have stock. Your refund will be credited to your card in 7 to 10 business days."* So Amazon floated themselves a $311.82 loan out of my account for a week. Rents due Monday and I might have the money back next Friday. So if you can't afford to loan Amazon the purchase price for a week and pay for your order go shop somewhere else. And with the supply chain all screwed up like it is this is going to happen to people more and more. + +&#x200B; + +&#x200B; + +Edit to add: I did call customer service that is how I found out why they charged me twice. Their best solution was for me to call my bank on Monday and ask them to expedite the refund. I'm gonna make rent ok now but if I hadn't checked my account today the overdraft fees on my scheduled bill payments would have been very painful. Just wanted to warn people because with the supply chain problems this could happen more often. + +&#x200B; + +Edit 2: If anyone telling me I should have used a credit card would like to loan me theirs I would be happy to put it on a credit card. Otherwise I have to pay with what I have. But if you post your card details I will happily use it. + +Edit 3: for everyone saying Amazon doesn't bill you until the item is shipped here is a screen capture of my chat with support. [https://i.imgur.com/VyC3E6x.png](https://i.imgur.com/VyC3E6x.png) +So I decided to do a little shopping on Amazon yesterday. I ended up spending $311.82 with them. I was a little shocked when I checked my bank account today and found $311.82 charged to my card not once but twice. I called Amazon to ask WTF and was told *"The fulfillment center your order was placed with did not have the items in stock so we refunded your money and placed the order at a different fulfillment center that did have stock. Your refund will be credited to your card in 7 to 10 business days."* So Amazon floated themselves a $311.82 loan out of my account for a week. Rents due Monday and I might have the money back next Friday. So if you can't afford to loan Amazon the purchase price for a week and pay for your order go shop somewhere else. And with the supply chain all screwed up like it is this is going to happen to people more and more. + +&#x200B; + +&#x200B; + +Edit to add: I did call customer service that is how I found out why they charged me twice. Their best solution was for me to call my bank on Monday and ask them to expedite the refund. I'm gonna make rent ok now but if I hadn't checked my account today the overdraft fees on my scheduled bill payments would have been very painful. Just wanted to warn people because with the supply chain problems this could happen more often. + +&#x200B; + +Edit 2: If anyone telling me I should have used a credit card would like to loan me theirs I would be happy to put it on a credit card. Otherwise I have to pay with what I have. But if you post your card details I will happily use it. + +Edit 3: for everyone saying Amazon doesn't bill you until the item is shipped here is a screen capture of my chat with support. [https://i.imgur.com/VyC3E6x.png](https://i.imgur.com/VyC3E6x.png) +*After today’s close with the battle of 150 that happened, it’s clear that SHFs don’t have as much control of the price like they use to so options might be on the menu.* + +[https://assets3.thrillist.com/v1/image/2965967/1000x666/flatten;crop;webp=auto;jpeg_quality=60.jpg](https://assets3.thrillist.com/v1/image/2965967/1000x666/flatten;crop;webp=auto;jpeg_quality=60.jpg) + +**TLDR: Options ≠ Bad. This is probably the one thing SHFs did not want us to figure out. Buy ITM options and exercise on the way up. Then, on top of that DRS them afterwards. By doing this you’re driving the price up & at the same time locking up liquidity making borrowing a lot more expensive for SHFs.** + +#Being able to create a massive gamma #ramp is what will ignite the MOASS. + +While before it wasn’t as manageable because of the insane shorting that could drop the price many dollars in matters of moments. But now, they don’t have that same shorting power because of the extended amount of time they’ve been shorting. **On top of this**, we have 10 million shares locked up in our hands from DRS, leaving them with a smaller percentage of the float. It hadn’t occurred to me that options were so crucial for igniting the MOASS, simply because of the price action they can create when they are exercised. **Now I’m not brightest tool in the shed but**, from my basic understanding of exercising options, they create a 100 shares at the strike price of the call that are **T + 2**. Now it might seem better to just DRS your shares so they’re automatically in your name **BUT** so much more liquidity is created from super ITM options calls being exercised and here’s why: + +So the price is currently at **$150** & they’re about 28,000 ITM call options at this point. + +*28,000 calls × 100 shares* = **2.8 million shares** + +That’s a fuckton of shares. When contracts are to be exercised your broker legally has to give you those 100 shares to fulfill the contract. Now, it’s safe to say that they’ll most likely just list them off as IOUS for the time being but, this is where DRS comes into play. If you exercise those calls, then transfer them to DRS ASAP, then it’s literally double the trouble for SHFs. My assumption is that these shares will are obliged to hit the market **T + 2.** When the day reaches that these shares are to hit the market the price is going to climb. And as a result, even more call options become ITM and the cycle continues and continues and continues until SHFs **HAVE** to close their shorts from them being so far OTM on them. This had started in the January sneeze but RH had stopped share buying and had disabled the feature to exercise options after people had figured that out. **Fortunately, we aren’t using RH this time.** + +#RIGHT?!? Right. + +Anyways, if we exercise super ITM call options then transfer them to DRS. It could create the gamma ramp of the century. Because now those shares need to be hedged accordingly by SHFs. But if enough people do it, and get their exercise in. It’ll be like trying to put a blanket over an exploding bomb. It just takes baby steps to get it going. At the start it’ll be expensive, but as those OTM calls start getting closer and closer to ITM, we’ll see a **LOT** more calls being able to be exercised. It’ll go from 20,000 ITM calls to more and more and more, to the point where HFs simply cannot hedge efficiently anymore. And at this point they’re already at their last leg from trying to shake us off for so long. + +I think this is what Criand & Pickle were trying to get going but it’s not easy to start something that’s not as simple as just buying shares in ComputerShare. I can see that they wanted people to buy calls ITM that were months out but, we weren’t 100% sure if it’d expire ITM at the time and on top of that we didn’t want to burn money on the chance they start super shorting Luckily although, right now they’ve burned out from their super shorts and the retards across the river have started their GME option buying frenzy again, creating a massive gamma ramp to come next week. + +Now I’m not sure if the FUD is going to pick up about options being “unsafe” or “bad” or screaming “iM nOt bUyInG iNtO tHaT!111!! mArKeT mAnIpUlATion!!1 For one, no offense, but shut the fuck up respectfully. If you’ve been here the last year, we’d be the absolute **LAST** to be pinned for market manipulation. You can’t pin that on everyday retail investors. And GG already claimed they won’t pin retail investors for market manipulation for communicating on Reddit. He’d rather us do his job for him **(unfortunately).** + +We can seriously do something crazy here if we continue the gamma ramp into next week by continuing to exercise ITM options and then DRSing them. It’s the perfect time now too. GameStop has started the NFT marketplace rollout on top of RC buying the stock up. We are primed for MOASS at this point. So if your a bit of a whale, then load up on some ITM call options and exercise them one by one on the way up and watch this baby **EXPLODE** like your wife’s boyfriend after an intense sesh of serious edging (no seriously get your wife in check). + +Anyways, enough of the tard talk, no more screaming options bad because they can seriously drive us up. If DRS is the foundation then options are the driving force. DRS locks up liquidity making borrowing extremely expensive & options drives the price up. They work in serious tandem + +#P.S. +**I don’t understand Reddit formatting so I hope this doesn’t come out fucked.** +I really appreciate the person who donated an amazon echo gen 2 to my local goodwill. I found it today for 9.88 and it seems like it will be very helpful for me to remember things like paying bills and creating grocery lists etc. I never thought this would be so helpful until i bought it today. +I remember when this sub was a place you could have actual adult discussions about the market and stocks. Now ever since the WSB crowd spread all that ever makes it to my feed is moonshots and weird conspiracy theories. +The word “manipulation” is being thrown around like a boomerang whenever something doesn’t go their way or someone wants gold. Everything is being controlled by these dark “hedgies” that want the market down... or up.. whatever hurts you more. +Oh and any day this market is going to crash because so and so did something btw here’s my DD. It’s an hour long and makes no sense but I swear it’s going to the moon apes. + +I’m getting so tired of not having a place away from all this. + +Edit: even the icon is the damn moon emoji. +https://www.cnbc.com/2020/06/09/robinhood-traders-cash-in-on-the-market-comeback-that-billionaire-investors-missed.html + +Retail investors capitalized on the market comeback, unlike the billionaire hedge fund managers that said stocks would retest their lows. + +Millennial favored stock trading app Robinhood saw new investors piling into stay-at-home stocks and those most beaten down by the economic shutdown, like airlines, casinos and hotels. +Summary of article from yesterday (not linking it sorry, screw 'em) titled: "**BlackRock’s chief strategist for Canada on how to position your portfolio for the tougher investment days to come**" + +\- admits to "*higher inflation environment emerging*" over the next several years + +\- "*we have to find other solutions*" instead of "*holding cash or government bonds*" + +\- over the next year Blackrock is "*reducing our exposure to government bonds even more*" + +\- "*migrating our geographic preferences to regions of the world ... where growth momemtum is pickup up. For example,* ***Europe and Japan***" + +\- "*We would very much* ***push back against the idea that investors are going to continue to receive returns*** *in their stock portfolio that they received in the recent past, and* ***even in the past decade***\*.\*" + +\- "*Part of the struggle is needing to be more active within the bond market, to be making decisions about where to have exposure. This requires quite a bit more due diligence than the kind of set-it-and-forget-it approach that investors used from the early 1980s to, basically, now*." + +&#x200B; + +In other related Blackrock news; + +\- Blackrock raised over $250m for renewable power generation, energy storage solutions, electrified transportation services and other climate finance in Asia, Latin America, and Africa. This is on the crest of SEC and POTUS pushing Green Energy funding. + +\- "*Asset manager BlackRock this week* ***downgraded US stocks to neutral*** *and opined that the reopening trade was largely played out in the domestic markets. Thus, in its view, the growth from the economic revival was peaking.*" + +&#x200B; + +TL/DR; **Blackrock is again openly hinting at rising inflation, that the Fed is useless, that recent market returns are going to drop off severely, that holding cash/bonds is a bad idea, and that moving into Europe/Japan/Africa/Asia/Latin America (basically anywhere other than U.S.) is a good idea.** + +**Their plan to gtfo of the US after shit goes down is going swimmingly as they use clean energy project pitches (and support from POTUS/everyone) to suck up gov funding for offshore industries it already has a monopoly in, and as they continue to invest heavily in Europe/Japan especially.** + +&#x200B; + +EDIT: This post is about Blackrock in Canada and not about Blackrock U.S., which iirc is essentially doing the opposite by scooping up all available real estate assets in order to basically turn America into Blade Runner. Sorry for any confusion, apes. I'm referencing Canadian articles only. +Hello. Investing noob here. So, If I am planning to purchase a house within the next 5 years, is it wise to invest in Index Funds (e.g. VTI + VXUS)? + +If not, do you have any recommendations on where to put my savings? I am wary of the possibility of large inflation rates within the coming years, as well as low interest rates for HYSAs. + +Appreciate your advice in advance. + +Edit: Thank you everyone for your replies. +My husband and I have a good chunk of money in McDonald’s stock (around $20,000 at this point.) His family started this for him when he was a kid. We’re at a point in our lives where we are struggling a bit more than we have before, thanks to the pandemic and me going back to school. Because of this, and because the stock is at a higher price now than it has been in over a year, we’ve been debating pulling the money out of stock and putting it into savings. Is this a stupid idea? We aren’t sure if we should leave it and not touch it or take it out to have as a safety net while it’s high. +Hello. Investing noob here. So, If I am planning to purchase a house within the next 5 years, is it wise to invest in Index Funds (e.g. VTI + VXUS)? + +If not, do you have any recommendations on where to put my savings? I am wary of the possibility of large inflation rates within the coming years, as well as low interest rates for HYSAs. + +Appreciate your advice in advance. + +Edit: Thank you everyone for your replies. +I’ve lurked on this sub for about 2 years now I think** (been on reddit for a long time and forget when I subbed on my first account.)And I always wished I could have a job to let me do what you guys did. Well, this past year and a half I got a decent job with good pay, paid off 11k of 17k debt, got a house (lower payment than rent) and a new (used) car. Oh and got engaged to my gf. You guys give me the incentive to save or pinch pennies instead of blowing money on nonsense. Everything I buy now is typically a sale or makes sense fiscally in the short to long run, and I’ve actually started building a savings. +My credit went up 150 points from 4 years ago and I was just feeling great and honestly it’s a mindset change just from watching you all post and share your stories. + +Thanks. Have a great Tuesday. + +Edited timing of me subbing as many have pointed out the sub hasn’t been around that long, just feels like forever. +Its just a theme I've been seeing around lately where people seem to be in a bit of a rush to enter into a mortgage while the rates are low. + +The argument you hear a lot is "Well if I make a bunch of early repayments then I won't get stung down the track if interest rates increase". This logic is true, but it ignores the loss you take if a Market downturn occurs. + +I.E, if you took out a $1M loan, even at 0% interest and paid it all off in 5 years and property prices fell by 10% in that time, you'd still have paid $1m for a $900k house. + +Now I'll be impartial, I'm also not saying that you should time the market, I'm also not suggesting 100% absolute certainty that the property prices around the country will plummet, or any of that. I'm just saying that I've been hearing a ton of "Now's the time to pouch!" chatter around work and in my personal life. + +But if you're about to leverage yourself to death with your 50 year old parents as guarantor maybe just stop and think about it for a bit. + +Also just anecdotally, be careful who you get advice from. I'm an accountant and most people that work around me are absolute fucking idiots that understand debits and credits but don't know shit about economics, so if your accountant friend is preaching one way or another about things maybe get a second opinion. + +Edit: I use the word 'steady' loosely +https://www.marketwatch.com/story/mark-cuban-says-he-doesnt-trade-stocks-like-he-used-to-but-hes-still-loading-up-on-some-of-his-favorites-2020-08-26 + +“I stick to the companies I believe in,” Cuban explained, adding that he’s owned shares of Netflix NFLX since they were trading around $50. At last check, the stock was all the way up at $528, rising almost 8% in Wednesday’s session alone. + +He also said he bought up chunks of Amazon AMZN between $500 and $700, and more recently added more at just under $2,000 a share. The stock’s at $3,385 now. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +Hi all, some background: + +- I currently have 100% of my NW in cash, never invested before +- I'm about to start slowly DCAing into an ETF (I have about 90K EUR cash, save about 4K EUR a month, and plan to invest 5K EUR every month) +- Needless to say, I am pretty clueless about investing and ETFs, other than the research I've been doing the past couple of months. + +My plan is to go all-in on VWCE, as everyone seems to recommend it. However since VWCE has only been around for about 2 years, is it any more risky compared to more "veteran" ETFs that have been around for years or even decades? + +I realize this is probably a really stupid question (esp. considering VWRL has been around for 10 years and is the same as VWCE - as far as I understand?), so I apologize in advance :) I'm about to start throwing money around like I've never done before, so I want to be absolutely sure that I'm on the right track. + +I'm also happy to hear other suggestions on how to invest my money (dividing it between multiple ETFs, for example). + +Cheers and thank you! +# Congratulations on 500,000 members, Superstonk! This is truly remarkable! Thank you all for being here! I love you all! 💎💙 + +[Apes Together Strong](https://preview.redd.it/0ebg2jg52k871.jpg?width=780&format=pjpg&auto=webp&s=7ea9c291eb0f1b2739f4fc32e3aa9550a7d4bcac) + +We have come a long way since, *checks notes*, three months ago. r/Superstonk was created on March 15, and I sort of thought of it as a joke sub, until April 4, when the Second Great Ape Migration occurred and, in 24 hours, over 100,000 apes joined the sub and our new era had begun. Just three months later, we are now five times that number, and are growing more and more with every day. + +Congratulations, apes! This truly is a marvelous- nay, a LEGENDARY feat. Apes together strong and DIAMOND HANDS. I like the stock! + +# Superstonk Growth Plan + +[From baby apes to grown baby apes.](https://preview.redd.it/uafjjiz62k871.jpg?width=1200&format=pjpg&auto=webp&s=2620337fa4807ca27c013c54efb16974446004a0) + +With this natural and impressive growth, the mod team has been putting together plans for expansion. We have modified our structure of mod hierarchy, and organized our team in a way that truly is comforting to all of us. We no longer fret over the psychological issues of compromised mods or bad actors, and honestly I must say this is the best team I have ever been a part of. I see nothing but great things in our future. + +That said, we have become mildly fatigued over the sheer growth and intensity of the past few months. Mods are people too, and have IRL situations that need tending to, and ultimately we are not superhuman. Additionally, we have lost a few mods, most recently u/HeyItsPixeL, due to IRL workload constraints, and, while are sad to see him go, we were so happy to have him along for the ride to this point. + +Moving forward, we will be making regular additions to the mod team. Previously, we had waited for growing pains before beginning the process of adding new mods, usually 2-3 at a time, but now we are making a dedicated effort to scaling indefinitely so as to properly moderate the sub and ensure that r/Superstonk has a long future on reddit. + +We are planning to add 2-3 mods on a regular basis to ensure proper management of the mod queue and mod mail, among other more advanced responsibilities. This method, coupled with a mod training guide that we have put together, and a structured discord for moderator communication and organization, should allow us to quickly onboard, train, and implement new mods. + +# Welcome Our New Moderators! + +[Get into the mod team, you damn dirty apes!](https://preview.redd.it/ksep93e82k871.png?width=726&format=png&auto=webp&s=288ac3ccd2b1ab105a84104a3906bdb4e9bfe4c7) + +This week, we are adding FOUR new moderators. They are already in the mod chat and meshing well with the whole team. Please give them all a warm welcome: + +* u/broccaaa \- This user is very helpful, and has a large knowledge base surrounding FTD cycles and more. He also has many connections in the DD circles that will be very helpful to the mod team. We are confident he will make a solid addition to the sub as a whole. +* u/stonk_sandwich \- From sending headbands to apes to attending the shareholder meeting in person, this user is an active, kind, and smart ape who will be focused on community engagement. We are already very impressed with their involvement in the team, and have high hopes. +* u/ [badtothebone](https://www.reddit.com/user/_badtothebone_) \- This user is someone that u/rensole and myself ( u/redchessqueen99 ) have moderated alongside before, and we have decided to welcome him into the fold of the r/Superstonk mod team. He has proven to be a reliable mod who prioritizes team work and loves this community, so we have very positive experiences and are excited to work with him again. +* u/hey_madie \- This user has been fostering an impressive and positive image across the community, and has established herself as intelligent, resourceful, and reliable to not only the mod team, but respected circles of DD authors and technical analysts. We have no doubt that she will elevate the mod team to a whole new level, and are very excited to have her on the team. Also, she is basically the Queen of Quant. + +I am superstonkin' excited to have these four aboard, and I am very excited to see how they mesh with the team and progress the sub as a whole. Welcome, new mods! + +# Superstonk's Future + +[APE 2.0](https://preview.redd.it/pg4aimcb2k871.jpg?width=1280&format=pjpg&auto=webp&s=6c97f8953bb6400f373acfa42d99f34f00c051d5) + +I know there has been a lot of concern around the recent communication we received from reddit admins regarding [**issues of brigading**](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/), where apes are pushing GameStop and Superstonk onto other subs, as well as referencing them in negative light on this sub overall. Therefore, we have made several changes to the automod code, as well as a required change added by reddit admins, to prevent the discussion of certain terms and references to other subreddits. Please honor these constraints, and help us keep the sub going strong. + +We realize this is frustrating, as many of us are used to collaborating with other GME-specific subs, and please know that I am working to clarify the specifics of this situation, and am working to try and recover crossposting and sharing of content with GME-specific subreddits. I am also on good terms with their moderators, and hope to reach out shortly, once I receive clarification from reddit admins, to foster a healthy relationship between our subs. + +Also, a lot of people are talking about backup plans, and another migration, so let me say this. I am not going anywhere. I am extremely proud of what we've created here at r/Superstonk, and I am going to fight to the end to keep it healthy and strong, and active. We are going to do everything in our power to comply with reddit admins and reddit policy, so that this sub can live a long and healthy life. + +So, please do your best to behave, to be civil, to be polite, and to be conscientious of these issues and policies, so that we can prevent further mishaps. I know there is a lot of animosity due to past grievances, but I am hoping we can start a new chapter with our 500k milestone, and take some proud steps into the future. + +# Re: Knights of New + +[Is this ape? Or shill in ape suit?](https://preview.redd.it/6gvlcflc2k871.jpg?width=1000&format=pjpg&auto=webp&s=ba3220238cfdaeb446a4548a93b2ce4b7a79a885) + +This group has popped up over the past month or so, and aims to "police" the New sorted r/Superstonk feed, and intentionally downvotes posts that violate our sub's rules and general content quality, and upvotes those that they deem to be quality content. While at first, this idea seemed fun and a good idea, as apes voting for good content and downvoting bad content has always been a staple of the success of the sub, we now are seeing some aspects that are problematic. + +This could be construed as organized vote manipulation, as well as generally being unregulated and outside of the moderator's jurisdiction. As many of you may or may not know, the moderators can ban users and remove comments, but cannot control who votes on posts. We cannot see who votes, nor can we stop organized vote manipulation on this level. Even banned users can vote, and that is something I truly need to underscore. This has been a long time problem by bad actors and shills, and now it poses to be a real problem with the Knights of New, since they are primarily self-appointed and could easily be infiltrated or impersonated by bad actors. This would be very bad for the sub as a whole, and terrible for anyone who is identifying as a Knight of New. + +I urge you to please report users who are pushing any vote manipulation, and please bring it to our attention if you discover organized efforts in off-reddit mediums such as Discord and Twitter. We like the idea, but cannot support the execution and nature of the Knights of New. Therefore, we are detaching ourselves entirely from the concept as mods. Thank you for understanding. + +If you ever received Knights of New flair, and would like to change it, mods will be happy to adjust, but since we can be rather busy, you can always comment !buckleup! to replace your current flair. + +# Community Awards Design Contest Update + +This is a really quick update. TLDR: We have been very busy with the anti-brigading issues of the sub, and [this contest](https://www.reddit.com/r/Superstonk/comments/o178u3/official_superstonk_community_awards_design/) has been delayed. However, we have received over 150 submissions, and plan to put the bracket together soon, but I am prioritizing these other important matters before this contest. I am hoping we can kick it off next week. Thank you for understanding. + +https://preview.redd.it/gtpdoe1e2k871.jpg?width=300&format=pjpg&auto=webp&s=af46e0bcb6f270fad1cb809da4cc9c8e5865159c + +# The Future of YouTube Channel + +Many of you were disappointed in one or two of our previous streams. We heard you and made serious changes. We are very proud of our new Monkey Business segment, which features local apes such as yourselves, and we have some exciting AMA guests we hope to bring on soon. However, we are prioritizing the moderating necessities of the subreddit itself, and hope to continue these side projects when we have the capacity. + +# Onward, and Upward 🚀 + +&#x200B; + +[Moass Effect: Legendary Edition](https://preview.redd.it/hpo9i0ug2k871.jpg?width=728&format=pjpg&auto=webp&s=1d7adc6e4584306881d8f5f5aefb2435968060c3) + +I want to again thank each and every one of you for your dedicated support and activity in r/Superstonk. We truly have grown at an incredible rate, and I can only remain excited for the future, despite some of the obstacles we've faced. It's been one crazy ride, and I hope this ride continues until we find ourselves past the moon, past Andromeda, and onward. TO THE MOON 🚀🚀🚀 +My list: + +1. BAM.A --> diversified holdings, long historical track record and great CEO Bruce Flatt +2. TD/RY --> both amazing choices for US & CDN exposure (however, any big 6 bank is excellent) +3. CNR --> crucial part to international trade and long historical slow and steady gains +4. SHOP --> "Canadian Amazon" and I'm still bullish on tech +5. ENB/FTS --> can't go wrong with Canadian energy / utility + +What are yours? +My list: + +1. BAM.A --> diversified holdings, long historical track record and great CEO Bruce Flatt +2. TD/RY --> both amazing choices for US & CDN exposure (however, any big 6 bank is excellent) +3. CNR --> crucial part to international trade and long historical slow and steady gains +4. SHOP --> "Canadian Amazon" and I'm still bullish on tech +5. ENB/FTS --> can't go wrong with Canadian energy / utility + +What are yours? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Assuming a 100k account and an average monthly return of 1-3% a month, you would net $12k-36k annually. +That's about what one would make working a minimum wage job and they wouldn't have to risk their money to do so. + +Others forms of passive investments (stock dividends, bonds etc.) guarantee 6-8% annually and sometimes even more. Then you could work on top of that for a higher net income. + +Why would anyone want to do this? I could understand it if you had like $1m in the account but other than that I'm not seeing how it could provide average income. +I am going through my first time of having to use PHI for a surgical procedure. I pay a rather small amount for PHI as part of it is subsidized by my work but honestly it is a complete waste and it is the highest level of cover from Bupa. + +The only real benefit of it is covering the costs of the hospital but as soon as you have to involve a specialist and other healthcare providers nothing is really covered. If you didn't have PHI, Medicare would give you the same back. It's all based on what the MBS fee is not what the specialist actually charges (my case 3 times more then the MBS fee) leaving a large gap as well as anesthetist, xray, pathology etc. charges on top. + +The alternative is to go public as a public out-patient and pay nothing but its about the wait. Majority of specialists say they participate in PHI gap schemes but rarely use them.. in short PHI is just a waste of time and I'm left with deciding between chronic pain or being in debt with out of pocket expenses. + +Has anyone else had similar experiences? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm in my early 30's and having my first kid and want to make sure my wife and I are alive and able-bodied for as long as possible for my family as we age. Like most people, I've dealt with early deaths, incapacitations, etc. with my family and friends and it's awful and makes me wonder what I can do to avoid it. + +My current physical health is good and I keep a pretty balanced diet, regularly workout, no vices, etc. What else can I do to proactively manage my health with the resources I have? + +I've read just a bit about concierge doctors and executive physical exams. Would it make sense for me to find a facility that could do a comprehensive health check on us, perhaps at regular intervals? We're in the LA area if it matters. + +I'd appreciate any and all comments on the topic of longevity. Thanks! +Would love to see some good discourse on this topic. It does not escape my attention that this sub has north of 300,000 members now, many of whom are obsessed with reaching fatFIRE. Most of us have not and will not ever fatFIRE. I think it could be helpful to remind ourselves that reaching fatFIRE takes an incredible amount of good fortune. Would love to hear some stories / perspectives. + +Tangentially, achieving a high degree of wealth will not bring happiness in and of itself. Love your significant other, cherish your kids, be good to yourself. Life is short. Would love to also hear how some of you keep proper perspective on the things that matter most in life. + +Edit: I’m enjoying reading through the disparate takes on this subject. I did not believe it necessary to include a “hard work, strategic planning, and grit are highly important” caveat in my initial post because I believe these principles are widely understood on this sub and talked about ad nauseam, but perhaps I should have. + +Also, as someone who really enjoys and keeps up with this sub, I am cognizant of the fact that many here are quite young and looking for inspiration. I’m a little further along in life, and I feel it’s important to periodically encourage those who are pre-career or early in career to not invert life’s priorities. Wealth is great, but I don’t believe it should be pursued in such a way that important relationships are neglected, personal passions are allowed to die off, and long-term physical and mental health are jeopardized. I have found that these areas impact happiness and life satisfaction far more than zeroes in a bank account. +Just a thought but what the heck. Elon hates Hedgies. Elon knows that Hedgies are using crypto currency to stave off margins calls and generate money in an unregulated environment. How do you crash crypto? Elon makes an announcement that he is no longer supporting it under the guise of environmental issues. Hedgies alternative liquidity (crypto) is falling plus the market value is falling Hedgies can no longer sustain revenue and guess what happens next? MARGIN CALL. ELON WINS +GME Soars!!!! +The Options Clearing Corporation (OCC) \[[Wikipedia](https://en.wikipedia.org/wiki/Options_Clearing_Corporation)\] has filed two proposals with the SEC screaming for help and more liquidity (meaning *money*). Wall St wants Main St to bag hold their degenerate gambling losses *again*! These proposals are now in their **FINAL DAYS** for comments using the SEC website. Get your comments in ~~by~~ **~~Aug 10~~**! **The web forms to** [submit comments](https://www.sec.gov/rules/sro/occ-an.htm) **are still open!** + +**Proposal #1:** [**OCC Filing of Advance Notice Expanding Non-Bank Liquidity Facility Program \[to destroy pensions\]**](https://www.reddit.com/r/Superstonk/comments/w7zy4c/occ_filing_of_advance_notice_expanding_nonbank/) + +**TADR:** OCC needs money to pay off Clearing Member gambling debts with pension and insurance money as an alternative to selling Clearing Member collateral. Actual quotes from OCC's proposal: + +>"In the event of a Clearing Member default, OCC would be obligated to make payments, on time, related to that member's clear transactions. ... **OCC now believes that it should seek to expand its liquidity facility to increase OCC's access to cash to manage a member default.**" +> +>"OCC would only enter into confirmations with an institutional investor that is *not* a Clearing Member or affiliated bank, such as **pension funds** or **insurance companies**, in order to allow OCC **to access stable and reliable sources of funding**..." +> +>"\[T\]he proposed change would **allow OCC to seek a readily available liquidity resource** that would enable it to, among other things, continue to meet its obligations in a timely fashion and **as an alternative to selling Clearing Member collateral under what may be stressed and volatile market conditions**." + +Let me be very clear about this proposal: ***As an alternative to selling Clearing Member collateral*** **to manage a member default, the OCC wants more access to cash from pension funds and insurance companies**. + +*Does that sound right to you?* Politely tell the SEC your thoughts on this: + +1. Go here: [SEC's page on OCC proposals](https://www.sec.gov/rules/sro/occ-an.htm) +2. Under [SR-OCC-2022-803](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-803) is a row for [34-95327](https://www.sec.gov/rules/sro/occ-an/2022/34-95327.pdf). The Details box to the right of that has a bullet with a link to **Submit Comments on SR-OCC-2022-803**. +3. Don't know what to write? [Check out what other apes have submitted](https://www.sec.gov/comments/sr-occ-2022-803/srocc2022803.htm). u/appleflaxen has a [draft outline](https://www.reddit.com/r/Superstonk/comments/w7zy4c/comment/ihnf9p7/?utm_source=share&utm_medium=web2x&context=3). Another draft [here](https://www.reddit.com/r/Superstonk/comments/wd0iw4/comment/iifso2s/?utm_source=share&utm_medium=web2x&context=3). Another draft [here in comment below](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment/ijncfaa/?utm_source=share&utm_medium=web2x&context=3) from [u/undernutbutthut](https://www.reddit.com/user/undernutbutthut/). + +**Proposal #2:** [**OCC Filing Advance Notice re Master Repurchase Agreement for Liquidity \[OCC's plan to raise money\]**](https://www.reddit.com/r/Superstonk/comments/w91ktj/occ_filing_advance_notice_re_master_repurchase/) + +**TADR:** In order to pay off Clearing Member gambling debts, OCC wants lopsided contracts to force others into giving them money fast (*within 60 minutes*) where everyone also just agrees that nobody defaults. + +>"The buyer would be **obligated** to enter into transactions under the MRA up to its committed amount **so long as no default had occurred** and OCC transferred sufficient Eligible Securities. The buyer would be **obligated to enter into transactions even if OCC had experienced a material adverse change, such as the failure of a Clearing Member**." +> +>"Funding mechanics would be targeted so that OCC would receive the Purchase Price in **immediately available funds within 60 minutes of its request for funds** and delivery of Eligible Securities and, if needed, prior to OCC's regular daily settlement time. These targeted funding mechanics would **allow OCC to receive needed liquidity** in time to satisfy settlement obligations, **even in the event of a default by a Clearing Member** or a market disruption." +> +>"OCC would require that the MRA not contain any additional events of default that would restrict OCC's access to funding. Most importantly, OCC would require that **it would not be an event of default if OCC suffers a "material adverse change**."" + +OCC wants everyone to agree there's no default even if the OCC suffers a *material adverse change*, such as the failure of a Clearing Member. + +*Does that sound right to you?* While the OCC has no interest in asking for your comments, you can still politely tell the SEC your thoughts on this proposal: + +1. Go here: [SEC's page on OCC proposals](https://www.sec.gov/rules/sro/occ-an.htm) +2. Under [SR-OCC-2022-802](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-802) is a row for [34-95326](https://www.sec.gov/rules/sro/occ-an/2022/34-95326.pdf). The Details box to the right of that has a bullet with a link to **Submit Comments on SR-OCC-2022-802**. +3. Don't know what to write? [Check out what other apes have submitted](https://www.sec.gov/comments/sr-occ-2022-802/srocc2022802.htm). Draft [here in comment below](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment/ijnf02t/?utm_source=share&utm_medium=web2x&context=3) from [u/undernutbutthut](https://www.reddit.com/user/undernutbutthut/). + +EDIT 1: Add link to templates. Thank you [u/undernutbutthut](https://www.reddit.com/user/undernutbutthut/)! + +EDIT 2: Updated text as u/whiskeybets pointed out the SEC web form deadline is tomorrow. After the web form closes, you'll have to submit comments by email and postal mail. Per an [interview with Dave Lauer and Lisa Braganca](https://www.reddit.com/r/Superstonk/comments/t8rlnn/transcript_dave_lauer_lisa_braganca_interview_re/) ([whiskeybets' to comment below](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment/ijo8nhu/?utm_source=share&utm_medium=web2x&context=3)): + +>You're not too Smooth to write to the SEC. Dave Lauer & Lisa Braganca BOTH confirm, from personal experience, that the SEC and other government agencies are legally required to actually read EVERY SINGLE COMMENT LETTER submitted. This is because of the Administrative Procedures Act would open them up to LAWSUITS for not addressing public comments, and rules can be overturned. They also confirmed that, while submitting a template comment letter can have an impact, WRITING YOUR OWN COMMENT LETTER IS FAR MORE POWERFUL than using a template. +> +>Not everyone is great at writing, thats ok. The [urvin.finance/advocacy](http://urvin.finance/advocacy) link is one big tutorial for how to write comment letters. Not everyone has time for this. Thats ok too, after comment periods close, the SEC has to read through all of the documentation anyway so you can still submit letters via email. “\[Industries\] have an army of lobbyists. So the only thing that can fight that is an army of individual investors.” +> +>LISA CONFIRMED COMMENTS CAN STILL BE SUBMITTED VIA EMAIL OR POST MAIL. THE DATE IT CLOSES ONLINE IS NOT AN OFFICIAL COMMENT CUTOFF DATE and comments will be read for weeks after Aug 10th. They will read emails they recieve after the 10th. . +> +>Sauce: +> +>Dave Lauer and Lisa Braganca - SEC Comment Letter Overview & How-To: [https://vimeo.com/683960170](https://vimeo.com/683960170) +> +>Summary of the Administrative Procedure Act (APA) [https://www.epa.gov/laws-regulations/summary-administrative-procedure-act](https://www.epa.gov/laws-regulations/summary-administrative-procedure-act) +> +>PDF of Administrative Procedure Act [https://www.justice.gov/sites/default/files/jmd/legacy/2014/05/01/act-pl79-404.pdf](https://www.justice.gov/sites/default/files/jmd/legacy/2014/05/01/act-pl79-404.pdf) +> +>Everything You Need to Know About the DOL Fiduciary Rule [https://www.investopedia.com/updates/dol-fiduciary-rule/](https://www.investopedia.com/updates/dol-fiduciary-rule/) + +EDIT 3: Web forms to [submit comments](https://www.sec.gov/rules/sro/occ-an.htm) are still open! +As the title says, I inherited 140k this past week. I am 26YO and am lost on what to do financially to invest it. Honestly, I have a very basic understanding on investing. + +I am a nurse, and make about 70k a year. I max out my 401k and contribute to a Roth IRA. + +I do not have any debt + +I do have an emergency fund established + +I do not have a family/children + +I am thinking about investing some of the money into long term investments (whole life insurance) and some money into short term investments with the goal of putting down a good down payment on a house in 2-4 years. What are your thoughts/advice? + +Edit: Thank you for the advice and well wishes. So I actually meant IUL insurance. Is that any better? Or still a no-go? The money is from the sale of my parents house. The money was split between my siblings and my portion was 140k (already in my account). My main priority is buying a house. It does not have to be soon, I don’t mind waiting 5 years if that means a better market. +While today is only one day, I think that it pretty dramatically shows that bitcoin is not the new gold, as a lot of its proponents claim. As of 10am EST this morning, bitcoin is down about 7% while gold is up about 2%. Something like a Russian attack on Ukraine is what people have in mind when thinking about a black swan-type event, but bitcoin has only magnified losses. + +Instead of acting like an uncorrelated asset, bitcoin basically just acts like a super high-beta tech stock. Not saying anything about what will make anyone more money going forward, but I think any rationale to have bitcoin to improve portfolio diversification is mostly a fiction. + + +Edit: the time is now 355pm EST, and stock markets, bitcoin, and gold have dramatically reversed this afternoon (SPY +1.5%, QQQ +%3, BTC +%2%, gold -0.5%). This basically just proves my point. The point isn't that bitcoin will not make money in the future (it might, I have no idea), the point is that bitcoin is very correlated with tech stocks instead of being an uncorrelated asset like gold. The action today reinforces that idea. +I'll just throw a few small statistics at you first + +China has the highest reserves of rare earth metals, 44 MT twice as the next country Brazil in [2019](https://investingnews.com/daily/resource-investing/critical-metals-investing/rare-earth-investing/rare-earth-reserves-country/#:~:text=%20Top%20Rare%20Earth%20Reserves%20by%20Country%20,but%20its%20reserves%20are%20lower%20at...%20More%20), largest producer of [Cadmium](https://mcgroup.co.uk/researches/cadmium), and the [edit: fourth] most reserves in [Lithium +](https://investingnews.com/daily/resource-investing/battery-metals-investing/lithium-investing/lithium-reserves-country/#:~:text=1%20Chile.%20Chile%20was%20the%20second-biggest%20producer%20of,of%20reserves.%203%20Argentina.%20...%204%20China.%20) + +>"It is found that the maximum annual copper and silver demand up to 2050 equals 79.6% and 58.5% of China’s annual production in 2019. Similarly, the baseline scenario projects maximum annual demand of Tellurium and Indium corresponding to 598.1% and 161.8% of China’s annual production in 2019" + +https://www.sciencedirect.com/science/article/abs/pii/S0306261920315580 + +We can see they dominate the materials market needed for solar, batteries and even wind (neodymium for the turbine generator). + +They also dominate the manufacturing of solar panels in the world + +https://en.wikipedia.org/wiki/List_of_photovoltaics_companies + +So with all this in mind, what implications could this have in the future growth potentials and volatility? +Partially because of the influx in interest shown though my inbox due to the profession thread here, partially because of the dope flair I can get for doing this, and partially because I am clearly a narcissist and like attention I am hosting an AMA! I also am procrastinating hardcore. + +I am an analyst at a hedge fund where we go long and short equities, and I analyze pretty much anything for my managers. My situation is somewhat unique because I'm allowed to invest alongside the fund in my own ideas and I like to think my portfolio managers listen to what I'm thinking. I really like my job and intend to stay in finance for the foreseeable future, and hopefully one day I'll start my own fund. + +Other than equity investing I've advised a couple of start-ups on their business practices and capital raising, but I am by no means a good resource here. + +Ask away, + +**EDIT** WHEW! These AMAs are tough. I'm done for the night but since I'm addicted to reddit I'll probably check any new replies, and there are a few comments below I still want to respond to when I am in the right frame of mind! Thanks everyone for your interest, I only hope I could help you guys out with your questions enough to justify dedicating a thread to myself + +**EDIT 2**: Thanks for all your interest everyone! I'm glad to help and will still be reviewing this thread but think things are finally winding down, but if it's a useful question for others ask it still! **Also, a quick side-note: If anyone knows Veronica Vain can you tell her a semi-successful, self-proclaimed handsome analyst wants her bad?** Thanks again, and good luck to all those aspiring analysts and students +Which would have seemed insane to me 2 years ago but it feels so good to be in a position that I can actually turn down jobs that seemed unreal to me before. + +My current job pays $15 an hour plus I average 4 hours of overtime each week, so after doing the math I realized I would actually be taking a slight pay cut if I took the new job working a straight 40 hours a week. Factor in that I would be driving more than twice as much plus an unpaid lunch vs getting a paid lunch now and I'm actually better off where I'm at. + +Just over 2 years ago I was working for minimum wage, 6 months ago I was unemployed completely after getting laid off and borderline suicidal. I stopped smoking weed so I could get my current job, which was really hard for me but proving to be worth it. I guess I'm posting this just to say that things can always get better when they seem the worst and to not give up hope even when things seem hopeless like I almost did. +Simply cut down on the gym and move out of London according to the article: + +https://www.thesun.co.uk/money/12563356/first-time-buyer-moved-london-quit-gym/ + +Oh, and with the help of some ”family savings”: + +”It was £450,000 and I needed to put down a 20% deposit which was £90,000. My dad gifted me 30% of the deposit and I paid the remaining 70% from my savings. + +This included family savings in the region of £53,000 and about £10,000 I have saved from moving home.” +I came to the conclusion because of a few things. + +1) The squeeze is inevitable, and no amount of any manipulation can change this trajectory 😎 + +2) They’re not actually saying buy our stock or saying anything illegal, so it’s probably not a risk to tweet it. + +3) and lastly, because these mfer’s are up in these subs and actually listening to us! GME is acting like a company that takes care of it shareholders and actually pays attention. + +My tits are jacked! I wish I could buy more than my xx shares! +I was pulled over today for a tail light being burned out. I was wearing my trezor around my neck, and the police officer asked what it was for, and i explained what is was for. he wasnt going for the explanation i gave him. And was telling me it was a voice recorder and was going to be taken in for evidence. I know Texas law and police interaction is allowed to be recorded if i remember correctly. + +Monday I have to call my attorney to get my trezor back, i have my seed, but dont have a replacement trezor at the moment. +Hey yall, I usually post on r/povertyfinance but i wanted to share this here too. + + +So- What is this budget spreadsheet? Why is it different from other budgeting tools? + +I grew up poor and with ZERO sense of what it means to save. On the contrary- when i first started making money i would spend it on things i considered tangible stuff because money felt fleeting. To this day i still do that. I would always try to use different budgeting tools- but the truth is that most of them are set up for people who know how to save. I didn't. I also have ADHD and with my brain its very hard to focus too much on the future and i tend to impulse buy if i'm not careful. By making it so that i only have one number i need to focus on I can simplify the process and give myself ONE thing to focus on while allocating fund to what i need. + +This sheet is set up to be : + +1. easy to use +2. focused on a daily budget as opposed to long term +3. a good place to start when you have never been able to or had to save before + +Its made to focus on giving you a daily limit to your spending. Instead of focusing on where to allocate your money it works on the principal that as long as you remember to not go over your daily spending limit, you will be saving money passively. It gives you a definite number to limit yourself to- allowing you to focus on allocating funds to what they are really needed for. I know this is much more simple than other sheet- its not the most comlpex or thorough sheet out there, but it is simple. The focus on simplicity is deliberate. I want this to be seen as a place to start. This may not be the best long term budgeting tool (and honestly I would like feedback to make it a better long term tool) but it is a good beginning and introduction to budgeting. + + +[Heres what the sheet looks like](https://imgur.com/a/jgqSFei) + + +You use it like this + +* Go in +* Make a copy +* Change the numbers +* Decide what percentage of your income you want to be saving +* Budget. + +The sheet includes three charts: + +* A bar graph as a simple visual tool to see if you are spending more than you are saving +* A pie chart to see where your money is distributed +* A daily Pie chart to see realistically where your money is going compared to your target savings + +I don't work well with a lot of budgets because i have issues imagining the big picture. By giving myself a daily/weekly/monthly budget i can make sure that on any given day i haven't spent more than im allowed to- and if i so i can see where im borrowing from or where that money is supposed to come from. + + + +[You can Find the Budget Here](https://docs.google.com/spreadsheets/d/1hrkVy7XwAkFkDd-cnPR5e3_ZwgmD6Pp97GCtnSN_Xj0/copy) + Edit: all Images in the spreadsheet are from vecteezy + +EDIT : fue to high traffic link sharing got disabled, it should be up and running again now! Sorry for the trouble! + +Try this link +https://docs.google.com/spreadsheets/d/1YCjtrGVKUM7siXilSaqnlHXwemH-QGBEULZBm5bEDMg/copy +I am a single mother in my late thirties. I lived alone with my daughter across the country from my family around no one we knew for 8 years, moving twice, working for the feds for $51,000/yr. It was so burdensome being alone, so three years ago I moved back home to the Hudson Valley in NY and have been staying with my family. I had +Nothing when I moved back. However, this has become untenable and I need (and needed to before, but COVID) rent a place for us. Rent is honestly outrageous. I cant find a two bedroom for less than $1,800 - so let’s round that up to 2 grand with associated expenses. I will not qualify for any assistance as my take home is around $45,000 per year - but I’m self employed, no retirement, no health insurance. How in the hell can I justify more than half my profit going to rent? I have a foreclosure on my record, I can’t buy - couldn’t afford to anyway. Rooms are anywhere from $700-$1000 per month and I am uncomfortable anyway moving a teenage girl into a house of who knows who. + +Can anyone give me some kind of pick-me-up here? I CAN pay the rent but I’ll be working mostly just to pay someone’s rent and I work 7 days/wk as is. Goddamn. +When I caught news of RC's buy in - my brain was in shock. I was trying to draw a conclusion on why/how this works in step with GME. Then I started to agree with others here in that its not part of the GME business plan. So what could it be? + +Perhaps we are going to see a sneeze with beyond and its [meant to be a warning shot](https://i.imgur.com/FvAbTyJ.png) - to shorts, the SEC and the governing bodies who sit on their hands and do nothing. + +The buy in timing, RCs raising of the Jolly Roger (and change over from a false flag), calling out the shorts and now firing a warning shot. + +Buckle up boys and girls, the wild west of wall street is about to get flooded with the red blood of the new high seas. + +**HODL FAST AND GIVE NO QUARTER** ^of ^a ^share +In a situation now where I have a CC that is ITM for this week and it is higher than my basis so not taking a loss and I don't have a problem letting it go. The share price is so much higher now I'm wondering if I should roll out my CC for a credit to a higher strike price next week. Would that be better to do than letting it get called away and then selling CSP again? +I've tried some websites that are out there like Krazy Koupon Lady and Google Shopping and been disappointed. It's 2017, do I really need to haunt 15 stores in person weekly to find out when grocery, pharmacy, and cleaning products are on sale? I don't buy Sunday paper (long story, and it doesn't have every store's circular anyway) and reading pdf circulars is pretty difficult. A circular is just a way to get you to buy stuff you weren't planning on, anyway! I know what I want, please tell me when it's on sale so I can stock up. I am aware there are coupon apps but most coupons are for promoting premium priced items I don't buy and generally the savings is much less than a real sale. However if there is a coupon app that alerts you when local stores have a sale on specific items I would be down for that. + +ETA: Wow, this is amazing! Thanks for the response. I had never heard of any of these sites. I am definitely going to give them a try. +Recently one of my well doing relative got some medical condition and this is going to make a dent in his fortune. Although I am not coming from that money ,i am able to buy insurance . My company provides insurance to my parents and myself but I think it's not enough, what add-ons should I buy as there are too many jargons and now f***s from PB are calling me non stop and trying to scam me . +Had trouble logging into one account this morning, then another, and [it looks like every major bank's website is having issues right now](https://downdetector.com/search/?q=bank). Anyone have any idea what is going on? + +EDIT: Seems pretty clear this is because everyone is checking for their stimulus check. +But I managed to put almost 60 bucks in savings, paid 30 bucks extra on my car payment, and pay my car insurance and phone bill for this month AND next month. +Small victories lads:) + +Edit: wow! My first reddit gold. Thank you! Never thought this post would blow up like it has. Thank all of you for the kind words and encouragement! Were all gonna make it! +https://mobile.reuters.com/article/amp/idUSKBN25O25C + + + +> NEW YORK (Reuters) - Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday. + +>The multi-level marketing company, whose products include dietary supplements, entered a three-year deferred prosecution agreement in which it admitted to conspiring to violate the books and records provision of the Foreign Corrupt Practices Act, an anti-bribery law. + +>Authorities said Herbalife schemed from 2007 to 2016 to bribe Chinese officials with cash, entertainment, meals and travel to obtain direct selling licenses, reduce government scrutiny and suppress negative coverage by state-controlled media. + +>China accounted for 19% of Herbalife’s $4.49 billion of net sales in 2016, up from 7% in 2006, regulatory filings show. + +Bill is about to be all up on CNBC yelling I told you so. +"The online gaming platform went public via a direct listing, allowing current investors to sell shares. In direct listings, banks do not set an IPO price, like those seen in initial public offerings. Instead a "reference price" is used — which in this case was $45 a share. At that price, the company's market cap value came in at $30 billion, according to Bloomberg data. In January, Roblox raised money at a $29.5 million valuation. + +Shares surged to roughly $70 just after the stock started trading around 1:30 p.m. EST." + +More from Yahoo finance: https://finance.yahoo.com/news/roblox-goes-public-heres-how-the-stock-is-doing-183856041.html +Assume that this bull/bear in eth is a rough equivalent of the first bull/bear in btc, but on a much larger scale. + +Bitcoin from 0.06 to $32 (roughly X530) + +ETh from 0.62 to $1373 (roughly X2214) + +Bitcoin first correction: $32 to $2 (93.75%) + +Ethereum first large correction: $1373 to $81 (94.1%). + +Essentially the same % of correction. + +Bitcoin second bull $2 to $1160 (some make a separate bull peak at $260, but I usually consider it being the same mega bull market, but will use $260 to arrive at more conservative figures). + +Applying the numbers to eth, +the projection for the next secular eth bull would be at the minima from $81 to $10530 [81X(260/2)]. + +We shall see. It could correlate, but not be exact, albeit the size of the first bull and correction (in btc vs eth) being similar is a food for thought. +Guten Tag to this global band of Apes! 👋🦍 + +As I'm sure you are all aware, GameStop announced that there will be a stock dividend issued after close on July 21st to shareholders as of July 18th. +The dividend will issue 3 shares for each 1 share held, so we can all expect to have 4x as many shares as of the 22nd. +While this is a move that has been coming for a very long time, it is great to see it put into motion. +The method in which it will be implemented is important. +GameStop will be distributing 3 new shares for every 1 registered share. +With a short interest well above the float (and a large portion of the float held at ComputerShare), there is no way for these new shares to cover the dividend owed to all GME holders. +There will be a mad scramble around the split date, and I cannot wait to see how it plays out. + +Of course, this is all what we've been looking forward to for a very long time. +While I reserve some skepticism that this will guarantee the MOASS, the examples of the past where such stock dividends led to wide-scale attempts to close short positions has me hopeful. +The after-hours price action certainly indicates to me that this news has triggered some buys, though it is impossible to say whether that is to close shorts or because of bullish sentiment. +Here is what I do know: I continue to love this stock, and am eager to have another 'X' representing the size of my position. +Now let's see how the German markets react to this news! + +Today is Thursday, July 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$131.35 / 127,65 €** *(volume: 23741)* +- ⬜ 115 minutes in: $131.24 / 127,54 € *(volume: 23466)* +- 🟩 110 minutes in: $131.24 / 127,54 € *(volume: 23390)* +- 🟥 105 minutes in: $131.17 / 127,47 € *(volume: 23125)* +- 🟩 100 minutes in: $131.33 / 127,62 € *(volume: 23014)* +- 🟩 95 minutes in: $131.16 / 127,46 € *(volume: 22527)* +- 🟩 90 minutes in: $130.42 / 126,75 € *(volume: 21754)* +- 🟩 85 minutes in: $129.58 / 125,93 € *(volume: 20894)* +- 🟩 80 minutes in: $129.47 / 125,83 € *(volume: 19885)* +- 🟩 75 minutes in: $129.45 / 125,80 € *(volume: 19645)* +- 🟥 70 minutes in: $129.25 / 125,61 € *(volume: 19282)* +- 🟥 65 minutes in: $129.54 / 125,88 € *(volume: 18510)* +- 🟥 60 minutes in: $131.58 / 127,87 € *(volume: 17964)* +- 🟩 55 minutes in: $132.21 / 128,49 € *(volume: 16848)* +- 🟥 50 minutes in: $132.19 / 128,46 € *(volume: 15958)* +- 🟩 45 minutes in: $132.25 / 128,53 € *(volume: 15674)* +- 🟥 40 minutes in: $132.14 / 128,42 € *(volume: 14941)* +- 🟩 35 minutes in: $132.62 / 128,88 € *(volume: 13683)* +- 🟩 30 minutes in: $131.58 / 127,87 € *(volume: 12148)* +- 🟩 25 minutes in: $129.33 / 125,69 € *(volume: 10091)* +- 🟩 20 minutes in: $128.08 / 124,47 € *(volume: 8997)* +- 🟩 15 minutes in: $126.92 / 123,34 € *(volume: 8263)* +- 🟥 10 minutes in: $126.72 / 123,14 € *(volume: 7845)* +- 🟥 5 minutes in: $129.94 / 126,28 € *(volume: 4889)* +- 🟩 0 minutes in: $131.56 / 127,85 € *(volume: 2389)* +- 🟥 US close price: $117.43 / 114,12 € *($127.90 / 124,30 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.029. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +From my own research, it seems like accounting, IT related, some trade, and vocational nurse degrees are the best bet. What do y'all think? I'm trying to make some real progress in pay without taking on debt. +# The GME SEC Data and Hedge Fund Shitfuckery: A Deep Dive + +As I'm sure many of you who have been following the "Counterfeit Shares" theory about the various short attacks on $GME have seen, the SEC publishes lagged data on the cumulative number of Fails to Deliver for every company. If you aren't caught up with the latest info on the counterfeit share theory, take a second and read [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/)'s \[post\]([https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://www.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/)) laying out the issue with hedge funds counterfeiting shares and how it relates to GME. Much of the analysis in Johnny's post comes from an article \["Counterfeiting Stock 2.0"\]([http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html)) which is definitely worth a read if you have the time and patience to do a deep dive into the evil shit carried out by hedge funds. + +**TLDR of Johnny's post:** Hedge funds create a bunch of stock out of thin air and short it, selling the counterfeit shares on the open market and driving the price of a company down. They then fail to come up with the shares they sold in time, so the "counterfeit" shares are never backed up by real shares. This could be happening on a massive scale with GME, and Hedge Funds could have far greater exposure to GME than previously thought. + +&#x200B; + +**The Data:** + +I noticed that while [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) and later [u/Peteskies](https://www.reddit.com/user/Peteskies/) used data from the SEC releases in their posts, the data they actually showed was only a small piece, and lacked very important context. So, with that in mind, I took the SEC Fails-to-Deliver data \[releases\]([https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)) for both halves of November and December and the first half of January and took a look at what was going on using some pivot tables. I thought given the sheer amount of data (1.5 million cells) it would be tough to load in Excel but it actually ended up being pretty easy. (probably helped that my day job is just alternately making pivot tables and slamming my head into the wall, I've gotten pretty good at both) + +IMPORTANT NOTE: THIS RELEASE EXTENDS TO JANUARY 14TH, 2021. THESE ARE NOT CURRENT CUMULATIVE OUTSTANDING FAIL-TO-DELIVER LEVELS + +&#x200B; + +**Fails-to-Deliver Distributions:** + +First, take a look at this handy histogram(ish) of companies with outstanding Fails-to-Deliver and their outstanding "counterfeit share" (cumulative Fails-to-Deliver) numbers: + +https://preview.redd.it/6dmfpfql47f61.png?width=1440&format=png&auto=webp&s=bf38fea8f5de2e45b36b48853f4d7afaca8f6c28 + +As you can see, GME is way outside of the pack when it comes to Fail to Delivers, and has significantly more "counterfeit shares" (FTDs) than almost any other company. The exact number comes in at a cool 621,483 shares. The x-axis scale isn't even linear, and you can see significant jumps in the last quarter. + +&#x200B; + +If you think that's some crazy shit, wait until you see the distribution of Fail-to-Delivers per company by the dollar value of counterfeit shares ((Closing Price)\*(# of Outstanding Fails-to-Deliver)): + +https://preview.redd.it/024mdiv147f61.png?width=1616&format=png&auto=webp&s=270fc53a5455994545a864e8b8e9c304b0e57b5c + +GameStop has the SECOND HIGHEST Fails-to-Deliver net dollar value of all 5,147 stocks with current fail-to-delivers (as of 1/14/21). NINETEEN MILLION DOLLARS of stock floating around that was simply created out of thin air. Here the x-axis isn't even linear either — if it were to scale, GME would be several meters to my right. Wild. + +&#x200B; + +**Cumulative Fails-to-Deliver of GME over Time:** + +Moving on to more interesting (and potentially more troubling) data, I took a look at the Fails-to-Deliver values over time for GME. I decided to go back to the beginning of November, then look at every number the SEC had released since on FTDs for GME. This is crucial context for the numbers that have been thrown around by [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) and [u/Peteskies](https://www.reddit.com/user/Peteskies/). + +https://preview.redd.it/myt4zxy347f61.png?width=1328&format=png&auto=webp&s=603b5d5f0a623dc0dc9ef0df1f3da05e7361340f + +Now, this one is a lot less clear-cut than those histograms I just wrote about. As you can see, there have been huge fluctuations in the amount of "counterfeit stock" (Fails-to-Deliver) on the market. There is a definite pattern of Hedge Funds running up Fails-to-Deliver during GME surges and then covering once the price slumps a bit. I've talked with one of my sources involved with hedge fund operations, and he said this is pretty standard procedure — when you sell a naked short and the price spikes, you talk it out with your broker and get a few more days to cover. So really, this pattern is more or less normal. It's the stupidly large amounts Fails-to-Deliver that are getting churned that is the irregular part. + +Here's a good spot to bring up my main concern with the kind of analyses that [u/johnnydaggers](https://www.reddit.com/user/johnnydaggers/) and [u/Peteskies](https://www.reddit.com/user/Peteskies/) were putting out. You can see that there were 1.8 million Fails-to-Deliver on GME on December 2nd, but that number was basically completely covered by the 16th. Based on that data it seems at first glance that, for the most part, these reported Fails-to-Deliver are Hedge Funds/Brokers trying to avoid covering while high and simply waiting for the next dip. This data alone IS NOT SUFFICIENT to prove that there is an enormous, market-moving quantity of Fails-to-Deliver floating around the market. Of course, right after this data cuts out, GME shoots to the moon (300+), and I would expect a lot of naked short vendors were caught with their pants down. Maybe they all covered on the recent dips, maybe loads of Fails-to-Deliver are still out there. + +A table with that GME info from the graph above for any lurking nerds: + +https://preview.redd.it/0pj2hh0647f61.png?width=1090&format=png&auto=webp&s=dcf2d64f6777218dece7735075b779fb51e28cca + +&#x200B; + +**Some Questionable Inferences and My Retarded Conclusions:** + +So, what's the takeaway here, other than don't trust everything you read on WallStreetBets? I think there are a few lessons. First, even though Fails-to-Deliver numbers were bouncing all over the place, including being completely covered on 12/16, I think it's important to keep in mind that GME having this volume of Fails-to-Deliver, both in shares and in dollars, is extremely irregular compared to everything else. Could just be the fact that GME is an insane stock with insane volatility,\* or could be indicative of something more. + +*\*Yet, this data is from back before GME became mainstream — GME in December was not an "unprecedented situation" like we have now. Thinking back to then, the high Fails-to-Deliver numbers are even more significant.* + +&#x200B; + +**A Possibility of Hedge Fund Armageddon:** + +I want to take a second to talk about one of the diagrams from the good folks who wrote \["Counterfeiting Stock 2.0"\]([http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html)), detailing both the "surface level" indicators of Disclosed Shorts and Fails-to-Deliver, and the below-the-surface hidden pathways that they believed pumped counterfeit shares into our financial system. Here it is: + +https://preview.redd.it/v3io9bj847f61.jpg?width=1086&format=pjpg&auto=webp&s=21d67bbec3d7d4e3b2012b3d51cdaf462ae3318d + +As you can see, the Counterfeiting 2.0 authors believed that Fails-to-Deliver were just the tip of the iceberg. Below the surface (and out of the sight of the SEC), they believed there was a massive volume of shares that had been "laundered," through foreign exchanged, offshore funds, or even gaps in the Continuous Net Clearing system at the DTCC. These stocks, theoretically, go from Fails-to-Deliver to simple counterfeit shares, or even straight to counterfeits. The arguments in the Counterfeiting 2.0 paper go way over my head as a simple retard, but I get the gut feeling at least some of them are accurate. + +If, hypothetically, (please read this part in your best Ben Shapiro voice), the arguments in Counterfeiting 2.0 are true, then it is highly likely that the huge Fails-to-Deliver churn on the surface is just the tip of a massive illegal counterfeit short position. GME BULLS, listen up. If this counterfeit short position does exist, then it was probably entered back when GME was being driven towards bankruptcy, at a share price somewhere in the $15/20 range, and possibly expanded when GME was being driven down below $5. There are actually interesting data to suggest that this is a plausible scenario. First, the fact that, as [/u/DeepFuckingValue](https://www.reddit.com/u/DeepFuckingValue/) noted a year ago, the market cap of GME was driven below the net value of its assets. Obviously, this happens from time to time, but it's indicative of an extremely artificially depressed valuation. Secondly, the central use of illegal naked shorting is in driving companies to bankruptcy, and it did seem like GME was on its way out. Looking at GME as a scummy hedge fund manager, it would have made a very attractive target for a naked-short dilution attack. + +These illegal short positions, if they were not covered by cautious (lol) Hedgies at the beginning of the GME runup, would have increased 50-100x in dollar value as the share price of GME rose. That's 5,000-10,000% for those who can't do basic math. Now I don't know if this scenario would be enough to crash the market, but it would certainly be enough to make a lot of extremely powerful people (currently engaged in a criminal enterprise) desperate and very, very angry. This hardly needs saying, but rich bastards have killed for far less than a billion dollars. Here, there could be tens of billions on the line. + +So, that's the mega-bull case. We, the tards of WSB, expose billions in financial crime. The SEC rappels into Citadel and arrests everyone, Robinhood goes bankrupt, and all our wives and their boyfriends get filthy rich. However, there is also a very significant BEAR case here. If the regular, everyday investors who wrote Counterfeiting 2.0 were in fact retards like us, then there's a significant chance that they simply got it wrong. Maybe there is no sea of hidden counterfeit short positions, and maybe this whole Fails-to-Deliver thing is just rich assholes using extra trading days to cheaply sell shorts. What then? In that case, I would bet my left nut that all of the outstanding Fails-to-Deliver have been covered in the recent slump, and this whole exciting report is largely irrelevant to the future performance of GME. + +I'm not going to make the case that either the bulls or the bears are right (even though my gut is with the bulls) because I simply don't have the information or mental capacity to make that call. Look at the data yourself, and draw your own conclusions. Retail is facing an enemy with more capital, more information, more experience, and fewer morals. Whichever way it goes, it's going to be an ugly fight. + +&#x200B; + +Positions: 12 shares (Bought 50 at $20, sold 50 at $250, bought back in 12 at $300). I plan to hold until either $4,000 a share or things go to shit. + +&#x200B; + +I am not a financial advisor, and I do not advise any readers to make financial decisions based on my opinions or the information presented in this report. + +&#x200B; + +# TLDR: the cumulative Fails-to-Deliver volume on GME is massive compared to the rest of the market. However, is also extremely volatile, and small compared to the float. It is possible that high Fails-to-Deliver volume is a result of massive illegal share counterfeiting by shorts. + +&#x200B; + +Edit: shout out to /u/zjz for finally approving the post, may you live long and stay retarded! +The price of Rhodium has jumped a lot in the past six months, especially in January, in the international markets. + +India is moving to BSVI this year and Rhodium, Palladium and Platinum are major components of the catalytic converter. With the upcoming regulation it is inevitable that demand for rhodium will surge. + +The risk I see are: + +1. Economic collapse in India because I don't believe that the government knows what it's doing. +2. Automobile sales have declined in 2019, and demand remains sluggish. +3. Electric cars could pick up the pace in the next three years. + +In 2030, a new regulation will supposedly go in effect banning the sale of new ICE cars. While that will obviously obliterate the need of a catalytic convertor, and thus drop rhodium demand, I think a medium-term play is still possible with the metal. Definitely not the asset I would use to hedge my portfolio though. +Hey all, I am new to Forex trading. I took a little holiday hiatus to clear my head and nerves after losing $300 on a $1000 account. My dad and I own a small business together and finnancially things are very difficult, especially after covid, and I am learning how to trade to try and help ease some of the financial strain. With the new year upon us, I want to really focus on Forex Trading and trying to reach a point where I can do it full time. + +I am curious to hear about your experiences with Forex trading and how you are using it, whether being a day trader and your main source of income, using forex as a side hustle for extra cash flow, or being an influencer selling trading programs. Whatever the case, I would love to hear stories, advice, or whatever you feel like sharing. + +Happy New Year to you all! +I bought almost 18 ETH summer of 2020 at an average price of $400. I'm still buying right now on the dip too, at 3250. One valuable lesson I learned back in 2015-2017 was only to buy crypto that you believe in. Dont buy shitcoins, buy what you believe in and hodl. +Brief background - married couple living in a city for a long time, away from each other's respective families across 2 other cities (each side of the fam fairly far away from each other). We have settled in this neutral ground for a long time (which we love), always traveled to see our families or bring them here with no issues in the past (which they also loved when visiting). Our plan was once we fatFIRED, to eventually bring people closer to us (assuming they would want to of course, not forced, and they were open to the idea). + + +Long story short, we reached fatFIRE, and started working on our long term plans such as buying dream home/kids etc. After all this was put in motion however, due to the fatFIRE status, now one side of the family is putting INTENSE pressure for us to move to their city- which we don't want to do for a myriad of reasons, but they don't seem to care/think of our reasons as valid. Their logic has now changed to "oh since you are fatFIRE now, then you can definitely come here with no issues." It has gotten to the point of no contact/ultimatums, which is insane to me, as we have always had every intention of accommodating them/giving them whatever is needed to make it work (houses, comfortable flying situation, even considering retirement plans for them, whatever it takes). + + +Anyone in a similar situation have any advice/creative solutions/etc?  + + +Our original idea/potential solution was to buy multiple residences for ourselves and them across both places, have them come and go as they please, which is still a VERY hard sell right now. Another tricky part would be when kids are involved. Have any of you guys dealt with having to split time between 2 major cities (eventually with school-age kids)? +Biden starts process to remove cannabis from schedule 1 designation and pardon all federal prisoners. Cannabis related stocks along with the cannabis ETF's (MSOS, MJUS, and YOLO) rallied today 20-35% on the news. + +[https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html](https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden/index.html) +Sorry if this is a weird question, but I’ve been at movie theaters in multiple different states over the last couple weeks, both rural and urban, major chain and local, and in every case movie popcorn is about $7-8 for a medium popcorn. However, every internet search I have done has movie popcorn in 2019 being around $8. + +Movie ticket prices seem to be going up (perhaps limited because they want to encourage people to start coming back, which may be the same as popcorn), but popcorn doesn’t seem to be rising like other food costs. + +Maybe I’m crazy or wrong or this is the wrong subreddit but idk thoughts? +Hello, can someone please ELI5 what happend when the fed printed money just now. Who get's the money? Do they need to pay them back? What can they do with the money? Is it possible that I somehow come in contact with that money? +Yesterday, I had a discussion with my brother who is a libertarian. And he would argue that the government is the principal cause of monopolies with their regulations. + +I can understand that regulation tends to create oligopolies. For example in sectors that are extremely regulated (in Europe) like energy, for a new company to compete with a large existing one is almost imposible. + +But we can see in sectors that are less regulated like tech companies, monopolies arises everywhere like Microsoft, google, etc. + +Can someone explain if there is a relation between regulation and the tendency for monopolies? Or the other way around. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Total opinion here, but given the appearance of a bunch of posts saying to hold onto cash for a “big drop” post splividend, I felt obligated to post. RC recently tweeted about dingleberries, and I believe that was signaling SHFs are barely hanging on. This upcoming week is crucial! The splividend occurring is causing lenders to hold onto shares and making GME VERY hard to short this week. This week is a critical week to apply buy pressure and we could see good upwards movement. Possibly enough to trigger margin calls of the hedgefunds and MOASS. I believe the FUD campaign is currently to convince apes to not buy this week and hold onto cash reserves for a “dip” post splividend. The entire purpose is because they can’t easily suppress the price when no one is lending shares, THIS WEEK! Huge amounts of buying this week could end this! Let’s fucking go apes! Power to the players! Tomorrow we liftoff! Buy, hold, DRS! +Some background, Im a 17 y/o high schooler with a guilty pleasure for financing. I’m interested to know what you all would have done differently/would recommend doing at the beginning of your FIRE, and what you would do in my position. +I was hired and told I'd be working remotely full time. However, 5 months later, my former director leaves his job and I'm told to come in to office full time. They say it will be temporary for half a year, but no exact guaranteed timeline - and because of my work equipment they will give me an office which makes me think this is going to be permanent. The problem is living costs are substantially higher as I have to move and live in the city how. Is this something I should I bring up? Any suggestions how to word this? + +Additional info: I'm moving from a suburb in VA to DC North. Coworker (who's been here longer) is allowed to still work remotely except for weekly meetings. They're giving me time to relocate (not off, just telecommute time) which means they know this is going to be a move. + +Update: Wow. Thanks for encouragement everyone. PF has spoken. Gathering data ammo to make a call. God I hope I don't lose my job. + +Update 2: Called and went to voicemail. To be continued tomorrow... + +Update 3: Manager called me back. They were not willing to offer any compensation. They also told me what I suspected all along... My position will no longer be remote, but in-office, even though they admitted they did offer me that (against HR's preference) hiring me. They eventually want to fully bring our team to on-site. I asked if after half a year of this will change, they said no it will not (contradicting the previous statement). + +They said they'll give me time to think about it. I am thinking if it's worth living in an area I don't like, and kissing goodbye to half my paycheck for rent (done with living with strangers in DC... Most are cool but the few bad eggs you run into really ruins your life). + +Update 4 and privacy the last: Sharing a place - not even my own - is breaking 35% (if I want my commute to be an hour or so every day). I know that's a deal breaker for the redditors who are telling me to leave... Seriously, screw DC. What this has taught me is always stay on your toes. +I’m 19 and I currently work at a grocery store for $11 an hour. No where here offers more than $15 an hour that doesn’t require being 21 years old. I’m very outgoing, smart, and am proud of my work. I want to find something where I can apply my full effort and make more money out of it. I’ve heard of real estate, stocks, cryptos and other ways people make money. I want realistic ways for a 19 year old to make good money or even a salary. +I’m very upset with my girlfriend and her brother right now. He loaned $10,000 from me, January of last year, and promised to pay at the end of the year. It’s 2018 now and I haven’t gotten any penny back yet. I agreed to let him borrow that much money because of my girlfriend’s assurance. She said it will really help him turn his life around and I believed her. Some business investment of sort. + +I reminded her of her brother’s loan but she’s giving me a fit whenever I bring it up. I may or may not have used some unrefined words when we argued about the issue. I can’t help it though. Not only did I stop hearing from him mid 2017, I also just recently found out from someone else that he used the money to join this stupid foreign bride social event instead of that investment thing he initially told me. I tried calling him, emailing him, and other means but he’s not replying. What do I do now? +I feel like I'm drowning. My boyfriend has been dealing with his teeth slowly decaying out of his mouth for about the last 10 years from a combination of poor dental genetics, hygiene, and cigarette smoking. It's been heartbreaking to watch. + +I'm at a point where I don't know what to do. It has gotten so bad that his mouth is always infected. He is always in physical pain. He has trouble eating and the other night he literally choked on his steak (which was terrifying). + +He had a free consultation with a dentist today who quoted the work he needs done to have a healthy mouth again at $50k. I honestly just want to cry. I don't know what to do. We don't have that kind of money. God, I was balking at the thought of it costing $10k. Please, help. What should we do? +Any ideas on how to make easy, fast money. Online would be great! I don't have to have the money in my hand fast. By fast I mean I don't want to take a 30-minute survey for a dollar lol. I'm 19. + +Thanks! +Hi folks, + +I don't post that often, primarily because not much changes in the day-to-day that alters my long-term thinking. + +In December, I had posted this, saying the we had likely reached the bottom, although we'd need to wait for confirmation. + +https://www.reddit.com/r/ethtrader/comments/a7mk1h/how_to_spot_market_highs_and_lows_and_why_now_may/ + +At that time, it did not appear to me that we'd likely ever see again $85 for ETH and $3,200 for BTC. It appears even less likely now. + +This seems to be the general consensus eg: +https://twitter.com/krugermacro/status/1111658219905138688 + +The bear market is officially over. It ended in December, precisely one year after it began. A convincing move above $4,200 for BTC should dissuade the remaining bears who think a Lower Low is yet possible. + +Most everyone here is waiting for the next move up. Some folks such as ScienceGuy believe it could come in April. My view remains unchanged. The consolidation period (and by that, I mean a range of 25%~80% from the low $3,200 for BTC) will last until July or August. + +Whatever you believe: now is probably the best possible time to buy into the present bull cycle. If you DCA, you'll be pleased with yourself in one year from now, even more so later. + +*** + +I have some other thoughts on asset allocation ie what percentage of your holdings should be held in crypto? Most people say 10% ... I think my tolerance for risk is changing. If we're at the beginnings of the next bull cycle for crypto, and if other options for investing in technology are richly valued (eg the coming Uber IPO, FAANG), and if you think a bear market for equities is coming, then it might make sense to reconsider this allocation. The risk-reward ratio is quite compelling. + +*** + +BEAM - Bitcoin, Ethereum, Auger, Maker. These are the blue chip cyrpto holdings for the next 20 years. +*Sup. This post talks about Variance Swaps. If you never heard of the concept, I employ you to look up the profiles of* u/Zinko83 *and myself, your resident apeperts on the topic. Fucking do it, because it will explain a lot. I'll start with a little refresher regardless.* + +# Variance Swap Refresher + +A variance swap is a forward contract that, on expiry, pays the realized variance minus some strike. Variance is the square of volatility. That means the payoff grows more when movements in the underlying (from close to close) are large, which means that events like January would destroy anyone short variance on the underlying. + +The perfect hedge involves buying options over the entire range of available strikes, especially to the put side. GME's entire options chain is one large Replicating Portfolio to hedge variance swaps. + +Here's Figure 3 from the Demeterfi paper as a little reminder why that strike range thing is important. + +[Source: Demeterfi et al., 1999](https://preview.redd.it/zfj7zavsoh581.png?width=633&format=png&auto=webp&s=de91b68df4e934dd7bd646c045f5b9d3227b69a8) + +This time I'm gonna skip **a** and **c**. If you don't know wtf it means, look up our old posts. Okay, let's focus on **b**. You can see that if you are lazy/cheap/arrogant/super arrogant/retarded and hedge only with a limited strike range your hedge gets fucked if the underlying moves close or past your lowest/highest strike. That's also what happened in January several times, so whoever was short variance at the time would have gotten destroyed even if they had a full hedge running (which they didn't). + +# The Options Series + +If you paid attention to what I said and also to GME's options chain, you'll notice that the range of available strikes has gotten increasingly narrow. Until yesterday, new options had strikes roughly between $100, and $360 available. That presents kind of a problem because the chances of the stonk going near the danger zone are growing. + +So what would you do if you were a hedgie and knew that with January 21st coming the end of your current, pretty perfect hedge is getting close? That's right. Prepare and run the stock down until enough new strikes are written. Then run it up to free up more strikes to the upside, so you can sleep at night for the next few months. Knowing this, I checked The Options Clearing Corporation's market data for updates in GME's options series everyday since this dip began, and finally, it received an update last night. + +Last night, strikes down to $70 until February 18th were added. As far as I know, expiries farther out involve an application process at the OCC, so more series updates may be coming even if the stock were to launch today. + +# Conclusion + +Buckle the fuck up. This ride might get a bit more bumpy before we reach the launch pad. And get fucking smart about options. + +**Acknowledgements** + +Thanks to u/Zinko83 who was my DD buddy from the start, to u/sweatysuits for joining in on the fun when our friends were telling us they didn't want to hear anymore about ~~Obi-Wan~~ variance swaps, to u/Leenixus for paying for the software Zinko uses with his own money and to u/Criand for being a good boy. + +And of course, major thanks to Kenny, ballSAC, Plotkin's grandpa's values (which apparently involve market manipulation), the Toy from Bulgaria and their buddies. Without you guys I would have never started my journey on becoming smart money. You guys are the best. Now go fuck yourselves. + +# References + +* [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Updates](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Updates) +* My old posts +Hey y'all + +So I've spent the last month or so looking for a new job. I am also in my late 20s with quite a few friends my age. Due to my age and due to my job search, I've noticed that a lot of roles nowadays seem to be contract-based (e.g. a 6 month or 9 month fixed term contract). Whereas, back in the day, roles seem to be much more permanent. + +Has anyone noticed the same and is this a healthy trend for companies/employees in the long term? I've turned down offers because they were only 6 months in length and I don't like the uncertainty. Banks also don't like the uncertainty so are more reluctant to loan you any money. Some contracts don't even pay you for sick days or leave. + +Is there any upside to contract based work? +Welcome to $AstroPup 🐶 + +The first 3 days of AstroPup have been absolutely bonkers to say the least, we’ve achieved so much! + +We hit an astonishing 6,300 holders and an ATH of $18 Million Market Cap, and we are far from done + +AstroPup is a Auto Yield Deflationary token that rewards the holder. 10% tax on every transaction, 7.5% goes towards the holder and 2.5% goes back into liquidity which is used to help against trade volatility. + +ASTRO burned the 50% of 1 Quadrillion Supply to increase Pumpanomics. Contract has been ownership renounced, LP is also locked, and there are zero dev wallets. + +We have a very solid road map with our initial focus being marketing. This hype has only been from Reddit posting. So imagine when we start to pump promotions on all platforms such as tiktok, YouTube, Twitter to say a few. + +CoinGecko has been applied for and CMC will be applied for soon. We have a trending listing on CoinHunt.cc and were listed on TrustWallet just yesterday. The team has also hinted at massive collaborations coming up, involving big influencers. + +Hope you can join this incredible ride, it's been loads of fun so far and the development team isn't showing any sign of slowing down! + +PS. The dev announced that he will be doxing himself as well! + +How To Buy AstroPuppies? + +Contract Address: 0xaaa304abe41870600274160df1fc9f0c136a13cc + +Buy on PancakeSwap(v2): +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc) + +BcsScan: +[https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc](https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc) + +Chart: +[https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc](https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc) + +👉 Check out the website - [https://astropup.finance/](https://astropup.finance/) + +👉 Join the Telegram - [https://t.me/AstroPup\_Official](https://t.me/AstroPup_Official) +The numbers are percentages of the underlying's current market price. Negative strikes are ITM, positives are OTM. + +Strike | Premium +:-- | --: +-5% | 6.04% +-4% | 5.12% +-3% | 4.23% +-2% | 3.39% +-1% | 2.61% +0% | 1.92% +1% | 1.35% +2% | 0.89% +3% | 0.56% +4% | 0.34% +5% | 0.22% + +So if you sell any SPY CCs above those premiums, theoretically it should be your profit. As we all know, past performance 100% guarantees future results, especially from an overfit backtest done by an internet stranger. + +There's a lot of skewness in the numbers from snapback rallies (if you take out just the July 1932 50% rally, the break even premiums improve by about 0.03%). So if you want to increase your results, don't sell covered calls DURING a market crash. + +Edit: Tables are hard. +I once was so low on money and was waiting for a paycheck to clear, that I had to call out sick at work and sit at home with a dry washcloth in my underwear because I had no money to buy pads or tampons during my period. Since then, whenever I have a bunch of change to turn into bills or 5 bucks in my pocket, I buy a random on-sale box of pads or tampons, so I'm ready in case I have no extra money when my period hits. This can also be done with soap, a quality deodorant, or a toiletry that you don't buy regularly. + +Edit: Due to medical reasons and much trial and error, I myself do not use a Diva Cup (I use the heaviest flow OB non-applicator brand of tampon instead), and I can't take hormonal birth control. These are all great things, but they just don't work with my body and pre-existing conditions. But I'm glad everyone is posting tips! +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 158.5, 162.5, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256. + +**Edit 13 4:00PM:** + +Ending around 154.49, down 1.25%. Overall the 2nd lowest volume day since Jan. + +Have a great weekend everyone! + +**Edit 12 3:29PM:** + +We're on track for being the lowest volume day (less than 4.7 million) since before the Jan spike. + +**Edit 11 2:43PM:** + +2 hours of low volume lmao. ZZzzzzz. Hopefully we actually get some "power" during power hour. + +Power hour: [https://www.youtube.com/watch?v=F6XoLaWv-Js&ab\_channel=WardenElite](https://www.youtube.com/watch?v=F6XoLaWv-Js&ab_channel=WardenElite) + +**Edit 10 11:55AM:** + +Price is staying above the resistance for the wedge. + +https://preview.redd.it/8y73t0na5kt61.png?width=2150&format=png&auto=webp&s=04c962b0eb6669b2d8b237452590578c7122a852 + +**Edit 9 11:50AM:** + +\-----------> + +Perhaps midday and power hour, we'll see the fireworks. + +**Edit 8 11:19AM:** + +Head and shoulders. + +https://preview.redd.it/c3jo87mtyjt61.png?width=2144&format=png&auto=webp&s=944ae7271d498be8ab8f4f3e9aa66c36e19732a8 + +**Edit 7 11:05AM:** + +New resistance added at 158.5. + +**Edit 6 10:47AM:** + +Moving up on low volume. Nothing significant happening yet. + +**Edit 5 10:26AM:** + +Nothing really happening so far. A couple 160 and 200 strike Calls sold. Probably sold to close or covered calls. + +https://preview.redd.it/px4bu3kepjt61.png?width=2487&format=png&auto=webp&s=cc8712f6144c0b52dc6377befa263ceffe7f0363 + +**Edit 4 9:51AM:** + +Bit of a wedge forming. + +https://preview.redd.it/mkck1yz3jjt61.png?width=2144&format=png&auto=webp&s=ca2a502082b3bdf07b1b5a46132ba41a1a033ce8 + +**Edit 3 9:38AM:** + +Stream: [https://www.youtube.com/watch?v=TBaCp\_5NNXw&ab\_channel=WardenElite](https://www.youtube.com/watch?v=TBaCp_5NNXw&ab_channel=WardenElite) + +**Edit 2 9:37AM:** + +Bouncing between the 152.5 and 157 channel. + +https://preview.redd.it/nghqwkjogjt61.png?width=2131&format=png&auto=webp&s=7512ba6f2d50a2fbbe759b09fa006ca2be1e50eb + +**Edit 1 9:31AM:** + +First minute candle 192k volume. Pretty low. Perhaps a quiet market open followed by a bang later in the day. + +# Begin Reading Here + +Gooooooood morning my fellow apes! + +Well the day has finally come. The great exercise day. By exercise, I mean stand up in your room and stretch your arms. Do some jumping jacks and prepare for whatever the heck GME has in store for us today. + +https://preview.redd.it/lsmav2yrdjt61.png?width=400&format=png&auto=webp&s=e20691500e537edf4c51a10d046a915d1b679a06 + +We saw a bit of a pullback on Thursday, and I'm expecting Friday to be a continuation of Wednesday's mad rally. Seems DFV has been on a bit of a tweeting spree recently. Maybe he knows something is up? Getting a bit pumped for what will happen very soon? Who knows. All I know that he knows, is that he really likes the stock. So do I. + +# Premarket Analysis + +Shorts really do love hammering it in the premarket. Broader market gapping up in the premarket but GME hammered down. + +https://preview.redd.it/8xthzw5kdjt61.png?width=2132&format=png&auto=webp&s=b251aba105fec5146cd918cb98a9a1cca122b185 +Okung asked for half of his $13 million contract for 2020 to be paid in Bitcoin, and the Carolina Panthers were able to make it happen. Here’s some quotes from the article. Sauce at the bottom. + +“If we are looking at where Bitcoin is at now, Okung could be considered one of the highest salaried NFL players at this moment.” + +“For instance, when BTC hit $44k, the half of his contract that is paid in BTC climbed to $10.59 million, at $56k+ his half turned into more than his entire quoted salary. As far as 2020 NFL salary stats are concerned, Okung has entered the top five position. However, the NFL has recently decided to cap the league’s salaries at $180 million and a ball player’s contract could change in 2021. Because the Carolina Panthers’ offensive tackle (OT) gets half of his salary in BTC, many proponents think of him as the highest-paid player in the NFL and not just ahead of the highest-paid OTs.” + +“Money is more than currency; it’s power,” said Okung in a statement. “The way money is handled from creation to dissemination is part of that power. Getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.” + +“Okung went further into that statement adding: ‘When we are all paid in bitcoin, no one can tell us what to do with the value we create … In a post-fiat world, you won’t have to worry about your labor and time being stolen.” + +[Sauce](https://www.nbcsports.com/northwest/seahawks/former-seattle-seahawk-russell-okung-puts-half-salary-bitcoin-considered-highest) + +Now that the NBA has a NFT and a blockchain advisory committee, I wanted to remind everyone that this happened. These are two very big organizations that are getting on board with crypto. We’re getting closer to mass adoption! + +After more than 4 months of researching and DD. + +We need a serious change. + +The DTCC needs to disappear: No more private owned (by the elite and 1%) self regulated institution full of greed and corruption taking advantage of businesses and retail. + +No more IOU’s: No more virtual assets or imaginary shares. Back to physical or completely transparent system, if you buy something you own something and can claim it anytime, no more middleman holding assets forever. + +SEC needs a reform: Real reform and real power fully transparent and fair. No more going on favor of banks approving rules favoring them and giving exceptions to favor them. They need to be fair and partial to keep a healthy market and economy. + +Blockchain system: a completely transparent, honest and fair system that favors all parties in a win-win-win scenario, honest with no massive gambling bets and simple. If the company grows then the owners or the company benefit, if the company is in trouble and is going bad so is the stock. + +Wealth distribution: The money the DTCC (elite and big money) has been stealing and taking from businesses and retail for years needs to come back to the people they disrupt for so long, all the jobs, houses, struggles, technology lost and advancements everyone lost because of that elite greed and control needs to be paid. + +It’s time, we need to wake up and make this world a better place. Enough is enough. + +No financial advice, this is what needs to be done so we can recover as society and have a better world. Starting from the economy. + +Edit: The saddest things about this whole situation is, we are being fucked by the middle man. This middle man are banks and big money that control and bought the government. + +They are taking advantage of the transactions when all we want to do is support businesses and markets and at the same time benefiting for that support and help. + +Edit: video worth to watch https://www.youtube.com/watch?t=10&v=Kpyhnmd-ZbU&feature=youtu.be + +They never learn… +https://ibb.co/ZfJgCvN [Image](https://ibb.co/ZfJgCvN) + +I use Groww app to trade. Started just today. I made about Rs.5.75 profit. But the app shows that it has reduced about fourteen rupees as stock margin. I don't understand it as from Google, my net profit is positive, then how could I loose money? + +Is it some kind of trick Groww uses to make money. I thought I could start making money with day trading. And now I'm just loosing hope and all feels like impossible. I'm trying my best to figure out things. Please help me with this. Thank you +I know that NFTs are not just JPGs. + +I know some NFTs are art. + +I know that traditional art could be useless as well. + +I know that some people made good money from that. + +But most of them are just empty promises for future gains. + +Unlike buying cryptocurrency which you can actually sell or pay with (and it's value will likely increase), you'll end up stuck with a quickly deprecating asset that depends on hype. + +Prove me wrong. + +Won't most of those who spent their crypto on NFTs end up with nothing? +Is it that different from regular collectables? +BABA has lost $600 billion in market capitalization.The Chinese company has lost 70% of its stock market value since October 2020. A setback following the release of exceptionally bad financial results, including a more than 50% decline in profits. + +[https://imgur.com/tWiDB6j](https://imgur.com/tWiDB6j) + +[https://imgur.com/CcsMgxF](https://imgur.com/CcsMgxF) +[Official says authorities preparing for a potential pandemic; ‘It’s more a question of when’](https://www.wsj.com/articles/cdc-warns-it-expects-coronavirus-to-spread-in-u-s-11582653829?mod=hp_lead_pos2). + +> Nancy Messonnier, the CDC’s director of the Center for the National Center for Immunization and Respiratory Diseases, said Tuesday that the agency expects sustained spread and called for American businesses, schools and communities to brace themselves for potential outbreaks. +**Preface:** After hearing the mainstream media tell me for the hundredth time that COVID was to blame for inflating the housing market, I started to do some research about 6 months ago. I know this isn't exclusively about GameStop, but everything connects. + +If you want to know exactly why the housing market is experiencing record highs and where it stands in relation to the rest of the economy, here it is. + +\[Please keep the comment section bipartisan. If you can’t do that, I recommend you stop reading now. If shills try to spark political debate, downvote them. This information is important and I don't want to see the post get deleted because a few people can’t be mature and civil. Remember, this is not a political debate, it’s a class war. Leave your differences aside.\] + +**Here’s the information I put together on the state of the housing market:** + +To get an overall, full picture of the current state of our economy as we get closer to MOASS, I started researching the housing market and to figure out the reason why it is at a record high right now. The media keeps reporting it is mostly due to the pandemic, but they ultimately claim that experts cannot explain *exactly* why. I believe that MSM has been using the pandemic as an excuse as to why the markets are not functioning properly, more than most people think. + +If you’re new to investing, a booming housing market seems like it is a positive thing and a possible sign that the economy is improving, that is not the case here. The housing market has most likely hit a record high in reaction to the upcoming economic crash. Extremes are hardly ever a good thing in economics. The system is always trying to find an equilibrium. Therefore, a healthy market will provide slow growth, while extreme highs and lows are traditionally a sign that it is not functioning properly. + +If you’ve paid attention to the overall economy, not just GME related data, you’ll see that we have extreme highs and lows across the board. From interest rates to reverse repo operations, crip-toe, hedge fund asset sells-off, or bond sales — record highs and lows everywhere. These are all correlated to the upcoming market crash. + +**Background of Housing Market** + +Like I previously mentioned, the media has repeatedly reported that the reason is mostly due to the pandemic, but ultimately claims that experts cannot explain the extreme bull run. It's also not the *only* reason mentioned, but it's the most common explanation I've heard so far. + +If you have not been following the market, when I say extreme, I mean ***extreme***. Although the market seems to have cooled a bit in the past couple of months, activity in the past year has been extremely irregular. Houses are selling INCREDIBLY fast right now. If you’ve never bought or sold a house before — it typically is on the market for about 30-60 days. However, in our current market, houses are being sold within HOURS, in some cases. Most sellers are reporting that after only a couple of days on the market, they have received dozens of offers, all of which are all tens and thousands of dollars over their asking price. Some buyers are even throwing out incentives, such as all-inclusive vacations, to make their offers more appealing and help them stand out among the other bids. + +*Bloomberg recently reported, "the median price for a single-family home in the U.S. rose the most on record in the first quarter of 2021, as buyers fought over a dearth of inventory, according to the National Association of Realtors."* + +The pandemic explanation did not sit well with me for a variety of reasons. And lately, it has seemed like a blanket excuse to justify why markets may not be functioning properly. + +After only scratching the surface of the situation, I found that—in true shill form—market experts and the media are not reporting an accurate explanation as to why we are experiencing such unusual activity within the housing market. It goes far beyond the pandemic. + +It was disturbing to read that Robert Shiller, a Nobel-Prize-winning economist, said there is no "clean explanation" as to why the housing market is so hot. (Source: [Robert Shiller: Home prices will fall and cause](https://finance.yahoo.com/news/robert-shiller-home-prices-to-fall-and-cause-some-pain-103750858.html)[ some pain'](https://finance.yahoo.com/news/robert-shiller-home-prices-to-fall-and-cause-some-pain-103750858.html).) I have never received a Nobel Prize in economics, but I can definitely list a few more accurate reasons why housing prices have gone up so much, that are far less speculative than the “because of the pandemic.” + +**Explanation of Housing Market Recent Performance** + +What I found was that the major leading causes include: Lumber, Interest Rates, Inflation, and Increased Supply *Not* Demand. + +Robert Shiller did briefly mention the cost of lumber in the article, but when I Googled "housing market going up," I had to read through 3 pages of results to find any other article that suggested the rising price of lumber and plywood have contributed to the sharp increase in housing prices. \[Also, in the article I did eventually find, the author was, of course, quick to note that you shouldn't worry — price increases reflect housing-specific issues, not an early sign of inflation! *Phew*!\] + +While high lumber prices aren’t exactly a secret, I have not heard an accurate explanation as to *why* lumber prices are so high right now. That’s pretty crazy considering it’s the most significant reason why housing prices are experiencing record highs. In fact, the ***only*** explanation the media has given is — you guessed it — the pandemic! + +While the pandemic has definitely contributed, the price of lumber has largely skyrocketed because of the deliberate actions of the US Government. **Even before the pandemic, the lumber market was incredibly sensitive to demand shocks and after the pandemic began, increased demand became even more of a concern due to labor shortages.** The artificial inflation started with the previous administration and continued into the current administration. + +**How Tariffs Have Affected the Housing Market:** + +**(TL;DR of Tariffs Imposed on Canada:** Canada produces a majority of lumber used in the U.S. After the President was inaugurated in 2016, he imposed higher tariffs of up to 24%, which increased the price significantly. Canada could have still profited with the increase, however, imports declined significantly when the region lost 15% of its total output capacity due to insect infestation and wildfires.) + +· **According to the chart below, the price already started rising in 2016.** The rise began after the 2016 election. One of his most widely known campaign promises was to impose more favorable trading terms for the U.S. + +· **Leaked Documents showed the U.S. would include lumber in renegotiations.** In November 2016, CNN obtained a leaked memo from the upcoming President’s transition team showing that the new President was being advised to include the softwood lumber dispute during any renegotiations of the North American Free Trade Agreement and to get more favorable terms for the United States. + +· **This was a big deal because Canada has historically been the largest foreign source of lumber consumed in the United States**. It has accounted for as much as 96% of US softwood lumber imports as recently as 2015. + +· **On April 25, 2017, the administration announced plans to impose duties of up to 24% on most Canadian lumber**, charging that lumber companies are subsidized by the government. + +&#x200B; + +https://preview.redd.it/83526kyeqo881.png?width=1392&format=png&auto=webp&s=04f51a1c88fa31003fe696300aed685681fc85ae + +· **After Imposing high tariffs on Canada, prices experienced significant volatility.** Since Canada has traditionally supplied a large portion of lumber, the U.S. struggled to keep up with demand on its own after lumber imports fell drastically from Canada. + +· **After a brief stint above $600 in April 2018, lumber quickly tumbled down to sub $250 levels.** Prices were given a temporary reprieve after the National Association of Home Builders NAHB pressured the U.S. government to reduce its tariffs on Canadian lumber imports. This caused a number of sawmills to shut down. The resulting decreases in production capacity (supply) were estimated to be around 3 billion board feet. + +· **Leading up to the Pandemic Canadian imports have declined for a reason other than the higher tariff.** Although Canadian mills could have produced lumber profitably at $400 per thousand board feet or less even, and the addition of 9% tariffs wouldn’t have prevented them from matching or beating any price a U.S. producer would seek, imports to the U.S. declined significantly when 15% of its total output capacity was lost due to timber losses caused by insect infestation and wildfire. + +· **This decline occurred while annual U.S. demand for lumber has increased by more than 2.5 billion board feet.** Builders in the U.S. can’t buy enough lumber to meet demand, irrespective of the prevailing tariffs. As demand ultimately outpaced supply, and lumber prices broke $1,000 per thousand board feet. + +· **The U.S. government did temporarily reduce its tariffs on Canadian lumber**, but these measures appear to be an example of too little, too late. + +Higher tariffs were not only responsible for higher lumber prices, they also suppressed activity in the U.S. homebuilding industry, fewer construction jobs, and fewer options for homebuyers. Even before the pandemic, producers knew that the lumber market was incredibly sensitive to demand shocks. After the pandemic began, increased demand became even more of a concern due to labor shortages, which cut production even further. + +**Future Effects of Tariffs:** + +Analysts are now warning that lumber prices could reach a flashpoint, where affordability becomes so limited that demand suddenly falls off. This has led the National Association of Home Builders to ask the current administration for a temporary pause on Canadian lumber tariffs, which currently sit at 9%. + +It’s clear to see that lifting tariffs would most likely stabilize prices. The President has a lever that could successfully cool prices, however, the administration currently has no such plans to do so. + +There are a couple of reasons why he probably won’t lift tariffs: + +· Undermining efforts to rebuild domestic manufacturing and create jobs at home. + +· Despite what critics say and what most believe is the best solution, he doesn't want to use a magic wand to immediately stabilize prices. + +What’s not clear, however, is why the current administration announced that they are considering ***doubling*** Canadian tariffs, despite the meteoric rise in prices and demand for wood and construction costs (Source: [Yahoo! News](https://news.yahoo.com/biden-administration-could-double-canadian-100000824.html)). + +Although the U.S. and Canadian do have a long-lasting trade war, our two nations have a good relationship, overall. And the reason the previous administration raised tariffs in the first place is likely based on false claims — U.S. lumber producers filed antidumping and countervailing duty complaints, claiming Canada unfairly subsidized and dumped lumber in the U.S. After the Commerce Department imposed the tariff in 2017, Canada took the case to the World Trade Organization, which has rarely voted in favor of the U.S. Commerce Department’s claims. + +**Carbon Market Pays Southern Pine-Growers** ***Not to Cut*** + +On top of raised tariffs, lumber prices are being driven up by a government incentive that has limited on more than 5 million acres of U.S. forests. Companies such as Microsoft, Royal Dutch Shell are paying timberland owners to leave trees standing. Essentially, pine growers get paid for their timber (which increases the price), however, in order to reduce emissions, the payment is in exchange for *not* cutting their trees down. + +Lawmakers want to give a push, too, especially when it comes to including mom-and-pop timber owners. Senators from wooded states last week put forth the Rural Forest Markets Act, which would guarantee loans up to $150 million for companies and nonprofits that help small landowners tap into carbon markets. + +It’s *very* concerning that our government believes that consumers and homebuilders should be the ones to bear the burden of supporting the cost, by relying on U.S. growers who currently can’t compete. + +Also, with no plan in place to stabilize prices, it’s hugely irresponsible and dangerous we’re creating proposals to help low-income and minority first-time homebuyers move into homes they can’t afford. When the housing market crashes, it basically traps them in a mortgage without the possibility of actually building equity. I’m not an expert, but most of the programs reduce down payments or offer grants programs allowing states to provide cash for down payments, closing costs, or fees that result in lower mortgage rates. (Source: [The Wall Street Journal](https://www.wsj.com/articles/new-carbon-market-pays-southern-pine-growers-not-to-cut-11618911180)) + +**Mainstream Media Blame Factors** + +Mainstream media also reported that low mortgage rates contributed to the abrupt housing boom. While the 30-year fixed mortgage is experiencing a record low, they most likely had very little to do with the abrupt housing boom. During the pandemic and throughout the past year, it has reached a record low **17 TIMES**. + +On that note — Interest rates have reached record lows because there is too much liquidity in the market. In 2020 alone, the Federal Reserve printed more than 40% of the dollars already in the US economy, and in the past year, the money supply in the United States increased more rapidly than we have ever experienced in history. In the past, we've traditionally seen slow, steady growth. + +Rates are low because the FED painted themselves into a corner. If they stop printing money, the market crashes. If they raise rates, the market crashes. Despite inflation concerns from major banks, the Fed has yet to begin tapering back their QE policy. Instead of printing money, the FED has, instead, been using reverse-repos to keep the market from crashing. This is what happens when you mess with the natural flow of things. The system is trying to find its equilibrium and it's causing weird oscillations all over the place. + +While I don't disagree that the pandemic has also contributed to the high demand for houses — many renters *are* leaving expensive cities for affordable areas and that the increased ability to work from home — it is not the main factor that created demand. + +**The ultimate cause of the housing boom: There was never a lack of demand; There was a lack of supply.** + +In the first 6-8 months of the pandemic, the housing market experienced record-breaking decreases in sales as Americans were staying home to avoid getting sick. It wasn’t until the price of lumber started rising that we began to see the home sales volume rise to the highest the U.S. has seen since 2006. The volume increase resulted in a price rise of 24.7% between June and July. + +As the COVID cases subsided, lumber prices simultaneously reached record highs and drove up home prices to record highs. The rapid price increase was the stimulant that caused homeowners to start listing their homes again, after a supply drought in the market due to the pandemic. + +Since it was lack of supply that caused low sales volume, the demand for housing still existed within the marketplace and built up throughout the pandemic. However, the buildup in demand was not reflected in housing prices. This is because housing is a unique market. Unlike the stock market, commodities, retail, etc., for a large percentage of purchases, it is required that the product meets the exact needs of a buyer and there are many different components that can affect a buyers’ decision. For instance, even if there were 5-10 houses on the market in a specific town, that doesn’t mean those houses will be bought immediately — purchasing a home is often the most expensive in a person’s life, so buyers are going to take the time to find a home that is right for them. They are not going to choose from a limited supply if, in that supply, those homes do not meet their needs. + +**Other factors propping up the housing market** + +The price of lumber has had a significant impact on housing prices rising, but even though prices are falling, and will continue to fall further in the coming months, as sawmills increase production, housing prices still remain out of control. + +In mid-June, the cash price per thousand board feet of lumber fell from $1,113 to $211, according to industry trade publication Random Lengths. That's down 27% from its $1,515 all-time high on May 28. "We are in a free fall," Andy Goodman, CEO of Sherwood Lumber, told Fortune. In [the lumber futures market](https://www.cmegroup.com/trading/agricultural/lumber-and-pulp/random-length-lumber.html), prices are down even more—dropping 47% since going above $1,700 on May 10. + +Buying sprees from large institutions, the ones mentioned here before being Zillow and BlackRock, are impacting liquidity in the market. This post is a lot to take in, so I’ll save this for Part II since there have already been posts on here that go into this. + +**TL;DR: The housing market is its own bubble, aside from everything else going on in the economy that is leading up to a crash. Mainstream media continues to blame the pandemic for record-high housing prices and keeps telling us there is no clear reason for the abrupt significant increase in demand, but it's a lie. This post explains why prices are so high and how the housing market relates to everything else going on in the economy right now.** +**TLDR Summary:** Had credit cards stolen. Reported to CC companies and—thanks to reading previous PF posts—subsequently reported the theft to police. Police were unexpectedly motivated and ended up identifying and arresting the thief. + +**Takeaway:** File a police report if your credit cards are stolen! Worst thing that happens is the police take the report and do nothing, but at least you have documentation for the CC companies. Best case scenario, police actually care and end up arresting somebody. + +\----- + +**Full Story:** In November 2020, I was returning items at a Lowes and apparently dropped my wallet in the parking lot without immediately realizing it. About 10-15 minutes after leaving the Lowes parking lot, I realized I didn't have my wallet, so I promptly returned to the store. I quickly scanned the parking lot near where I had parked but didn't see my wallet. I then went into the store to the customer service desk and asked if anyone had found/returned a wallet. Someone had! + +But when the Lowes staff member gave me my wallet, I could immediately tell that several credit cards were missing. I told the Lowes staff member and she told me that someone had brought the wallet in from outside so she couldn't really vouch for what happened before it was brought inside. + +I went to my car and immediately started checking the accounts of each missing card and locking them so they couldn't be used until I was able to fully report them as lost/stolen. The first few cards I checked had no pending charges, so I thought I was in the clear... + +But the very last card (a Chase Ink card) I checked had two large pending charges: over $1,000 at the same Lowes where I'd dropped my wallet and over $600 at a nearby Wawa convenience store. I called Chase and reported the fraudulent charges—which were immediately removed pending their fraud investigation. While I was on the phone with Chase, I got an email notification that someone had tried to use one of my locked credit cards. In total 4 credit cards were stolen but only the 1 Chase Ink card was successfully used fraudulently. + +After I reported all of the relevant credit cards as stolen with the credit card companies, I initially figured I was done and went home. But the next day, I thought more about all the experiences I've read here on the PF subreddit. I'd read several threads about credit card companies denying fraud claims—even obvious fraud claims—and didn't want to be stuck in that situation. More generally, I figured I was the victim of a crime so the police ought to know. + +So I reached out to the local police department in the same jurisdiction where the Lowes is. Much to my surprise, the police were very responsive (I live in suburbs of Philly). I gave a verbal report to the police over the phone and then followed-up with an email summary so there was a written record--which card was used for what amounts at what time, etc. + +A few days later, the police reached back out to me and told me they had identified a suspect (via security camera footage) and would be making an arrest in the coming days. They ended up arresting the suspect (a Lowes employee) the day before Thanksgiving (karma!). + +**Epilogue:** I participated in the court proceedings virtually, which was weird—being on a Zoom call with the same person who stole my credit cards. The credit card thief pled guilty to the charges in exchange for entering a first-time offender diversionary program. Essentially, if she were to meet all probation requirements and not reoffend for a certain amount of time, her criminal convictions would be expunged. But...I subsequently discovered that she was re-arrested shortly after her court proceedings for additional thefts/identity theft. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We have been living in interesting times for nearly two years now, and it isn’t all quite over just yet. For better or for worse, how has it changed you in regards to FIRE? +Guys, thank you for giving me even more conviction that we are on the right track. + +If we weren't on the right track, we would've been left to fuck ourselves long time ago. + +We knew they were going to attack our sub. +We knew they were going to try and scare us away. +We knew things were going to get uglier before they got prettier. + +We are at a point of the biggest drama ever encountered in this sub (yet). Which couldn't possibly get me more jacked. + +On Monday I'm buying more. + +So drop it a little more, will you? + +Every single move that you believe is steering me away, is even more confirmation that I'm doing the right thing. +And I KNOW there are thousands more like me. + +You done fucked up Kenny. I can stay in my shitty job longer than you can keep this charade going. + +Pay up. You've lost. +Would you say that putting 100% of my money in BRK.B would be a safe place to put my savings and retirement? + +I was thinking that I'm not so good at valuing individual stocks, and don't want to deal with dividends on taxes (primarily because I'm a digital nomad and can be subject to the tax laws of other countries), and that just putting it all into BRK.B would be the best way to go for me. + +What is the worst thing that can happen if I simply let it all ride on BRK.B and treat it like a savings account? + +Update as of Jan 21, 2022, I'm currently all in on BRK.B, because I don't see any other stable options that do not pay a dividend. People keep suggesting the S&P 500, but it pays a dividend and so it's not something I can touch. +I was inspired by u/pmalhotra96's [post last week](https://www.reddit.com/r/ValueInvesting/comments/m20li6/python_script_for_a_quick_dcf_analysis/) with his script to automatically calculate a DCF valuation and spent the majority of my weekend making a more juiced up version of it. + +Basic notes: + +* Pulls recent financial metrics from [Financial Modeling Prep](https://financialmodelingprep.com/developer/docs/) +* Calculate future growth rates, operating margins given the earnings estimates data from FMP (you'll probably need a paid plan to run the script - this data is for Premium subscribers only) +* Calculate DCFs, using the exact same formula from [Prof. Damodaran's valuation spreadsheets](http://www.stern.nyu.edu/~adamodar/pc/fcffsimpleginzu.xlsx) \- the output is actually formatted exactly in the same way so you can see the inputs that went into the DCF value. + * It calculates the cost / capital, given the company's debt ratios + * Note: I use the country of incorporation method to calculate the ERP, given there's no easy way to get revenue breakdowns by region programmatically + * It projects the growth rates, operating margins for the next n years, taking into account the earnings estimates data and industry margins + * It then calculates out all the future revenues, operating incomes, after-tax operating income, reinvestment, FCF, etc for the next n years + * And of course, discounts those FCFs back to the present value for those FCFs + * Possible customizations are slim right now - you can customize the number of years you want to run the DCF for, but am planning on adding more (details below) + +[Here's the script](https://github.com/stephszeto/stocks/blob/main/valuation.py) if you'd like to take a look / tinker with it yourself. + +* Additional note #1: you'll also need [the corresponding erp.csv file](https://github.com/stephszeto/stocks/blob/main/erp.csv) to run this successfully, which is where I pull my ERP data from +* Additional note #2: I assume the API key is stored in [a separate file called configs.py](https://github.com/stephszeto/stocks/blob/main/configs.py) that would look like this, but you can also update it to paste your API key in directly + +Things you can do with it: + +* Calculate DCF for a specific company + +&#8203; + + python3 valuation.py -t NFLX + +[Sample output here.](https://gist.github.com/stephszeto/f3ec4f61bbaf91ca65596121dc2b162a) + +* Calculate DCF for a list of companies + +&#8203; + + python3 valuation.py -l AMZN GOOG MSFT + +[Sample output here.](https://gist.github.com/stephszeto/003e492b5cf1a6bb928fbea5abcc2072) + +* Calculate DCF for a company and all the companies in its industry + +&#8203; + + python3 valuation.py -t ENPH -i + +[Sample output here.](https://gist.github.com/stephszeto/2edd4f85e4326014aebb11e9d0f35fc2) + +Potential future roadmap: + +* Making it possible to customize DCF inputs (custom growth rates, operating margins, using high / low estimates instead of just average, years to convergence, dynamic cost / capital or sales / capital) +* Scenario / sensitivity analysis to get a range of DCF values given multiple possible parameters +So I wrote a check to my mother’s mortgage to pay it off. The check initially took the money out of my account, but later returned because it wasn’t endorsed. Couple days later the check was reprocessed and money was taken out of my account again, however my mother’s mortgage never received the money nor did I see a return of my money to my account. I’ve been calling both banks to solve this issue for over six months now. Both banks are saying the other bank has the money. I don’t know what else to do, I’m also having a particularly hard time getting the two banks to speak to each other. +What can I do? They just keep giving me the same answer of the other bank having it. +Please help, thanks. + +Edit: +Thanks for all the responses. I didn’t know this would get so many comments. +A little more detail in why it’s been taking so long. +I’m active duty military and I’m stationed outside the U.S. I travel a lot for work and the places I do travel doesn’t have the best of power so sometimes in the middle of a conversation the power is cut. Also when I’m back where I am stationed I am either training or I am preparing to leave again. So I’m just super busy, believe me when I say this $40k is a lot and sorry if I sounds any differently. +Thanks for all the comments. Hopefully one of these will help me figure out where the money went. +# " Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. " + +**UPDATE AT BOTTOM: CUSIP CHANGE IS INCONCLUSIVE TO FORCE NAKEDS TO COVER. LOOKS LIKE WE NEED CRYPTO DIVIDEND FOR THIS STEP. EXPLANATION BELOW.** + +# Why a Reverse Merger is the Golden Bullet: + +*(if on mobile, scroll right on table)* + +|Theorized MOASS Catalyst|Benefits GME Company|Benefits GME Shareholders|Benefits Ryan Cohen|Shakes the Shorts| +|:-|:-|:-|:-|:-| +|Monetary Dividend|NO|YES|YES|NO| +|Crypto-Dividend|NO, possible litigation|YES|NO, because he wants to buy more GME|YES| +|Stock Split|YES|YES|YES|NO| +|Reverse Merger|**YES**|**YES**|**YES**|**INCONCLUSIVE**| +|Merger With SLGG|YES|YES|NO, because he wants to buy more GME|**INCONCLUSIVE**| + +**A Reverse Merger will:** + +1. put more cash on the Gamestop Balance sheet +2. allow Ryan Cohen to take control of \~+20% total of Gamestop and be the single most powerful shareholder +3. change the CUSIP, which forces naked shorts to cover as they can not prove a borrow +4. reward shareholders extraordinarily + +&#x200B; + +**Ryan Cohen has always indicated his interest in achieving significant influence over GME:** + +>Please be advised that RC Ventures is not interested in receiving a lone seat on GameStop’s ten-member Board. It is not enticing to become an isolated stockholder advocate on a Board that has overlooked years of digital revenue opportunities and presided over massive value destruction without assuming full accountability. We want GameStop’s leaders to do their jobs and implement a strategy for bringing the Company into the 21st century. + +**In the RC Ventures and Gamestop Agreement RC Ventures has reserved the right to acquire 19.9% of Gamestop. If Ryan is taking full control he wants a bigger stake.** + +[RC Ventures agreement with Gamestop:](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm)(i) acquire, seek or propose (publicly or otherwise) or agree to acquire, beneficial ownership, directly or indirectly and acting alone or in concert, whether by purchase, tender or exchange offer, through the acquisition of control of another person, by joining a partnership, limited partnership, syndicate or other group, or through swap or hedging transactions or otherwise, any securities of the Company or any rights decoupled from the underlying securities of the Company that would result in **RC Ventures (together with its Affiliates and Associates) owning, controlling or otherwise having any beneficial ownership interest in or aggregate economic exposure of more than 19.9% of the outstanding shares** of Common Stock; provided, however, that RC Ventures agrees that, immediately upon RC Ventures (together with its Affiliates and Associates) acquiring beneficial ownership, or becoming the beneficial owner, of 20.0% or more of the outstanding shares of Common Stock without prior Board approval, (A) RC Ventures (together with its Affiliates and Associates, as applicable) shall be considered an “interested stockholder” of the Company as defined in Delaware General Corporation Law § 203 (“DGCL 203”) (but, for this purpose, replacing 15% in such definition with 20.0%) as if the 203 Approval referred to in Section 3 had not been granted and (B) the Company shall be subject to the restrictions on any business combination (as defined in DGCL 203) with RC Ventures (together with its Affiliates and Associates, as applicable) as an “interested stockholder” enumerated in DGCL 203 for a period of three years following such time RC Ventures (together with its Affiliates and Associates) came to beneficially own 20.0% or more of the outstanding shares of Common Stock; + +# ******************************************[Naked Shorts Can't Stay Naked Forever](https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) + +Knight Capital was Market Maker (Sound familiar): + +&#x200B; + +https://preview.redd.it/vub7ik7gm3271.png?width=692&format=png&auto=webp&s=85fdeb561ca51c4afb0682d3194c74c0b11f9419 + +&#x200B; + +https://preview.redd.it/br71fwhmm3271.png?width=703&format=png&auto=webp&s=27767aca67fb72b2f6f1c7e22b26a46173b4384e + +&#x200B; + +&#x200B; + +https://preview.redd.it/kb7gc4sum3271.png?width=691&format=png&auto=webp&s=269820c1b1bd2a5c355ce17b8d112439b4a9ed73 + +&#x200B; + +https://preview.redd.it/slus6koxm3271.png?width=726&format=png&auto=webp&s=d7263674efeb621fe69e373636cbe73ef6e1280e + +&#x200B; + +https://preview.redd.it/ru824im6n3271.png?width=501&format=png&auto=webp&s=32c89441a1712f266f67d87f5e11d934df26883d + +&#x200B; + +**TLDR:** A Market Maker can bury their Naked Shorts even if the CUSIP changes but it will show up on their balance sheet as an ever-ballooning obligation. Financial regulators SHOULD be able to note this and 'hopefully' they will do their jobs. + +Any short that IS NOT a Market Maker can not escape the cussip change if their short is naked. + +# Normal Reverse Mergers result in GREAT GAINS + +[With GME we may see the greatest Reverse Merger gains in history](https://preview.redd.it/d5oo7x6qn3271.png?width=794&format=png&auto=webp&s=c174ae58c0d2c5e326bcb2d8168eb0deb4a766c6) + +&#x200B; + +&#x200B; + +[Comparison of SPAC returns to Shells, note this article is very old \(2009\) but it still demonstrates how much of a positive catalyst Reverse Mergers can be](https://preview.redd.it/09an7rvwn3271.png?width=779&format=png&auto=webp&s=1a81ed8a9e93a5fbb0a98d98acf431a33652e87c) + +Source:[https://greenbackd.com/2009/10/07/shell-out-for-shells/](https://greenbackd.com/2009/10/07/shell-out-for-shells/) + +&#x200B; + +**EDIT: How are your options affected by a corporate action:** + +**Since people are asking...**[https://www.schwab.com/public/file/P-3951800/INF57995\_114923.pdf](https://www.schwab.com/public/file/P-3951800/INF57995_114923.pdf) + +&#x200B; + +https://preview.redd.it/nmb9pvle06271.png?width=748&format=png&auto=webp&s=9cedb59564a3e8cc71ea826e29589da7805d58ed + +**EDIT 2: eToro and Stock Merger:** + +**Since people are asking...**[https://www.etoro.com/customer-service/help/1561213922/what-happens-if-my-stock-is-affected-by-a-corporate-event-such-as-a-delisting-or-merger/](https://www.etoro.com/customer-service/help/1561213922/what-happens-if-my-stock-is-affected-by-a-corporate-event-such-as-a-delisting-or-merger/) + +&#x200B; + +>Seems like eToro will sell at merger price: + +"*If you hold stock positions in a company that is acquired as part of a merger:* + +>All open positions will be closed at the merger deal price, and any profit or loss incurred from these trades will be reflected in your Available balance. +> +>In cases where the value of the new stock is greater than the original stock, you will receive the notional amount of the acquisition terms, based on the difference between the last rate traded before the original stock's delisting and the value of the new stock. This amount will appear as a dividend in your account statement." + +But what is happening here is a reverse merger... so I am totally unclear how this broker would take care of this instance. + +In a normal merger the target company gets acquired for a set price, so this explanation above makes sense. But we are looking at a reverse merger and I could not find anything on eToro about it. + +&#x200B; + +**\*\*TLDR:\*\*** + +A Reverse Merger is the only real MOASS Catalyst which is best for EVERYONE (except any naked shorter). The DTCC rules protect the bad actors from the good but these rules will not themselves trigger any short covering, Gamestop et al MUST be the catalyst. + +Only Market Makers can escape covering on a CUSIP change by burying their naked short obligations in their balance sheet as "Sold by not yet purchased" liabilities. Financial regulators/auditors should notice this ballooning liability and do something about it. + +Of course any hedge funds which are not market makers can not escape covering their naked shorts. Game theory suggests that any hedge fund which has a chance of surviving covering a small GME short position will do so at first opportunity. + +Legitimate shorts will also seek to cover as stock performance after a Reverse Merger is almost always quite dramatically positive. They may choose to re-enter at a later date/price. + +Reverse Mergers are also not controversial and completely OK with the SEC while a crypto dividend may open Gamestop up to litigation. It also does not allow Ryan to accumulate more of Gamestop at pre-moass prices, so a reverse merger is the golden bullet. + +**If we are right you are about to see the greatest return on your shares in financial history** + +Remember... + +10 x gains are boring and happen all the time + +100 x gains are great + +1000 x gains are history (This is DFV at today's prices) + +10,000 x gains have happened for early investors in big companies and in digital tokens + +It is not wrong to imagine yourself so lucky to be at the center of the greatest MOASS ever conceived. + +Remember Gamestop is transforming into a digital ecosystem for developers, publishers, content creators, players with it's own NFT and digital currency that will support ownership. We're ever living in a more and more digital world and digital game assets are a win for the developers, the studios, the content creators, the players and collectors... and the platform that facilitates this. Gamecoin will be a game changer. We are at an iPod moment. Remember to buy back in and support this legendary turn around with our hero at the helm. + +**Step 1:** Reverse Merger, RC gets more control and his stake doubles at pre-MOASS prices + +**Step 2:** Issue crypto dividend and blow up the Last Standing Market Makers + +**Step 3:** Profit??? + +EDIT MAY 31st, 2021:**STRATEGY THEORY UPDATE**After some good DD, and some bad, it seems it is inconclusive that a CUSIP change will require Naked Shorts to be covered or resolved (Thanks Dr T et al). + +This does mean that **STEP 2 will likely be very necessary to force them to cover (Crypto Dividend)** however many may begin covering if they even suspect it is coming- so an announcement of Gamecoin could still spark similar price action. + +A merger with RC Ventures is still the best vehicle for Ryan Chohen to acquire more equity in Gamestop AND pump Gamestop with more Cash. Mechanism is RC Ventures is basically a shell investment vehicle loaded with cash and Game would acquire them for equity. In this updated theory GME ticker would stay around since Gamestop is the acquirer, if indeed the change does not solve the problem. This also might be beneficial for some GME holders in eToro etc who were confusing people with their merger procedure. + +Now remember that a merger of this type would bring more cash to Gamestop and naturally the value of GME would go up. It would also be bullish as fuck if RC doubled down again and bought more Gamestop at current prices (which would be the terms of that merger). So you can still imagine it's possible this in itself may cause a rush to cover and the MOASS could begin. I still do not know what it would take for Citidel to get margin called by their brokers but I suppose this could still be a mechanism for MOASS, however I think they may be able to buy sufficient time, maybe naked short more, and a crypto-dividend is the only way. + +Remember: **We are in a completely fraudulent system! It must be remade!** + +&#x200B; +I get it. + +When you're in the middle of a bull market and prices continue to rise, it's easy to think that other, more traditional methods of income are a waste of time. Your salary suddenly seems inconsequential and other investments are boring as hell. + +We often talk about not putting all your money into crypto, but there's another element to this too - you shouldn't dedicate all your mental energy to crypto either. + +When the next bear market comes, and it will come at some point, having nothing in your life except crypto and your portfolio app is going to make for a very depressing period. + +Even if you're making paper profits of 10k a day, you still need to develop other areas of your life - whether that's career, relationships, new business ventures etc - because everyone needs something to fall back on, both financially AND mentally. + +I run a small SaaS platform in my spare time, and it generates very little money in the grand scheme of things. But it's mine and I enjoy developing it and getting new customers. If the crypto market was to tank tomorrow, I'd still have this, and that would mean a lot to me. + +Equally, I also have my normal job, and whilst it can be a bit dull at times (and in recent months almost a bit pointless!) it is still something I have continued to strive at, and it's another form of personal development that can open future financial doors. + +This is essentially a post about eggs and baskets, but just wanted to point out that the metaphor is more than just financial - it's also about your wider mindset and not letting other areas of your life slide. +Not sure if this is the right place to post this, but: + +I can't say I have ever experienced a shopping problem before. I feel like it's more or less a boredom problem. Instead of reading or drawing or doing something constructive, I tend to head to Amazon and search for arbitrary crap I really don't need. + +Is there a way to curb this? I have always been sort of an impulse buyer, but lately ive been doing it more and more (especially at work when I have nothing to do). + +Anything financial I can do? Like restrict my account to a certain dollar amount a month to spend or... something? I don't have a ton of ideas and would like to hear someone's thoughts on this or maybe share what worked for them or a friend that was going through something similar. + +Edit: oh wow this really blew up. Thanks everyone for your suggestions. There's a lot of great advice in here that I will definitely try and follow. I've already registered for an account on YNAB, unsubscribed fro ma ton of store newsletters, and started an automatic transfer to my savings account after every paycheck. If the money isn't there, I cant spend it, right? +The QQQJ, or The NASDAQ Next Generation 100 Index, has outperformed the QQQ since its debut last year. The annualized geometric return of the QQQJ up til now greatly outperformed QQQ. I'm looking at QQQJ recently, and am thinking of adding some into my portfolio. But then I was troubled with the concept of QQQJ. + +Here it is... + +Since QQQJ is the "The NASDAQ Next Generation 100 Index" or the next 100 stocks that will likely get into the QQQ in the near future, doesn't that means i will always have the stock that can't get into the QQQ? For instance, CRWD or ZBRA are some of the top holdings in QQQJ; if I am bullish about these companies and anticipate their further integration with the QQQ, shouldn't I just buy the QQQ instead? + +From a long-term holding perspective, the stocks I like in the QQQJ will eventually leave the QQQJ and enter QQQ; some underperformed stocks in the QQQ will get kicked out from the QQQ and may enter QQQJ. Eventually, again from a long-term perspective, the stocks in the QQQJ will always be the ones not good enough to be in the QQQ. Am I right or am I having a blind spot? + +Please help me LOL. +Hello everyone, + +I posted this on r/investing but like every post there, it's probably going to get deleted for being too "noob". And here it goes: + +I see that anomalies like Wirecard etc. are very rare, but the reasons why a stock might crash are kind of "understandable": fraud, overevaluation, missed earnings etc. In the long term everything should be fine, as long as the company is doing the right thing \[simplified\]. + +In 2007-2008 there WAS a housing bubble a.k.a. the sub-prime mortage crisis. Because EVERYBODY was given a possibility to buy a house with and portfolios were given AAA+ ratings, when they were actually CCC or similar \[simplified\]. + +So here we see a classical example of a bubble, identical to the 2001 dot-com bubble, also an example of EVERYBODY putting their money in the stock market without thinking too much \[also simplified\]. + + +So I was thinking, currently we have a similar situation with ETFs (exchange traded funds) a.k.a. passive index funds. At the moment, EVERYBODY is an investor by investing in some sort of an ETF. Mostly the Vanguard Total Stock ETF, SPY, VOO etc. etc. There hasn't been a moment in history in which so many people like now had the chance to participate in the stock market, almost always simply by installing an app on their smartphone. In in this case people also don't have to think too much before becoming an "investor". Just buy the Vanguard Total Stock Market ETF monthly and you're set for life. No analysis needed, no research needed. + +Therefore my question: do you see any kind of scenario or possibility that this global access to the stock market for everyone with an internet connection, might somehow create an ETF bubble of some kind? +Seriously I am so excited and I wanted to share this with you. I'm trying to avoid self-promoting but it's also hard not to share my excitement with a community that I've been a part of for a long period. I am minting under a different name but I've hidden some whale teeth in one of my mints and I may hide more in future mints - some of you somehow have already found it. + +I don't want to speak on behalf of all of the content creators for the marketplace when I say this but your support in purchasing these NFTs makes a huge difference. You're supporting real people at the end of the day, and that might mean that they can send their kids to extra-curriculars, pay down debts, or donate to their local charities etc. Thank you. + +The brief interactions I've had with Gamestop support to help me on board onto the marketplace has been some of the best customer service I've experienced - it's absolutely clear to me from this experience that this company really cares deeply about its community. I am so excited to see what new content creators will be on boarded to the marketplace and what they've created. + +I guess I just want to end this by saying thank you for being here as a community. Through thick and thin, good times and bad, thank you. Keep supporting the NFT creators and marketplace and keep searching for those whale teeth. If you're still looking for my hidden one, I'll let you know it's not obvious where it is. + +Whale Teeth for MOASS!! + +Edit: almost forgot, hedgies are clearly fucked, Gamestop NFT has whale teeth now. Get rekt Kenny! +https://inews.co.uk/inews-lifestyle/money/how-manage-money-single-parent-london-monthly-income-814060/amp + +No pay wall. + +Thought this might be interesting: the Take Home Salary is just over £25K with a 5% Workplace Pension Contribution: at the headline, I thought it might be finally time to see what a more realistic income/living costs article would be like. + +How wrong I was. + +>Mortgage: £270, Council tax: £69, Utilities: £89, Broadband/landline: £74, Mobile phone: £30, Contents / other insurance: £33, Water: £44, Groceries: £380, Car tax: £58, Petrol: £40, Gifts: £40, Streaming services: zero, Clothing: £60, Contribution to son’s university accommodation: £200 + +Thoughts? +In general, is she out of her tree? + +- slightly misleading article: yes, it does show living in London on 1400pcm: but in order to do that, you needed to be born 50 years ago, by a fixer-upper flat you could flip to then afford a (now) £900K 4bed Edwardian house while supported by a husband (who provided an unstated income) and benefitting from the easier lending of the time. You can then divorce said husband, and stay in same house with the majority paid off. +Simples. *meerkat noise* + +- It's oh so simple to live in London, you don't even need to pay for your transport. Just get a 4 bed house using the above process within walking distance of your workplace. + +- it is very hard for her to see people struggling due to a lack of social housings, says a lady who lives on her own in a 4 bed whole her son is at uni. + +- she has no idea how she will afford to live on her pension, even though £200 of costs will not be going to uni costs. I don't know why she doesn't get a lodger or 3 to pay off the mortgage while she is working, then she can either enjoy her retirement with the mortgage paid off from the £1000/PCM minus costs she'd be likely be to command from that. + +These articles are fucking shit. +My parents own a house in St. Louis, MO and we have been renting to a family for the past 5+ years. They currently pay $600 a month for a 3 bed 1 bath in a urban area. That is a crazy deal as 1bed 1bath apartments in the area start at $800 monthly and go up from there. The house is fully paid off and has been for a while. We pay for utilities because that's how the city has the rules setup. My parents want to raise rent by $100 dollars and then wait two years and bump it up another $100. The tenants almost never bother us maybe 1 or 2 calls a year to go out and do repairs. We also plan to get them a new fridge and replace the fence in the next year as both are at the end of their life span. I want them to sit down and have a face to face conversation and have a civil conversation over it and looking for your guys opinions so we can take the best direction on this. + +My main question is should we raise rent? If so does the current rent raising plan sound fair? Or should we be raising it more than $100? + +Edit: Wanted to add another question because according to fellow redditer's Zillow is a bad way to find the rental market value in the area. What are your recommendations. + +Edit 2: Thank you all for your input. I just had a long discussion with it about with my parents. We plan on giving the tenants 60-90 days in advance, install in a new fridge, and raise the rent by $200. From $600 to $800. Also we plan on fixing the fence this summer. We think this is fair in the current market conditions. We are also considering after this raising rent by $50 each year and max it out at $900ish which is still 70%-80% of the market rate.(for our current tenants.) What do you guys think about this? +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +A fellow Datametrex investor posted the following comparison on stockhouse.com. His alias is Investor10X. + +I want to share his post with you, as it is interesting to read: + +**********Citation Start********* +Comparing Datametrex $DM $DTMXF to other AI and Healthcare Stocks +Should be an interesting few weeks. Q3 financials out this week or next and perhaps more AI news. Should continue the current pace of a $60 million run rate for the year. $60 million x 10x valuation = $600 million/355 million shares outstanding = $1.69 ($600 million/425 million shares fully diluted = $1.41). + +DM had already hit $30 million for revenue for the year in Q2, one would think the stock should have at least been priced at half that number which would be a quarter of the $60 million run rate for the year. ($15 million x 10 = $0.42). $15 million would currently be the money the company has in bank when last we heard. + +The company is proving out the revenue for the year with clean books, money in the bank, MediCall and an expanding AI sector into various verticals. I think it's fair to look at DM based on a minimum $60 million run rate for the year. + +1x valuation = $0.17 (fully diluted = $0.14) +2x valuation = $0.34 (fully diluted = $0.28) +3x valuation = $0.51 (fully diluted = $0.42) +4x valuation = $0.68 (fully diluted = $0.56) +5x valuation = $0.85 (fully diluted = $0.71) +6x valuation = $1.11 (fully diluted = $0.85) +7x valuation = $1.29 (fully diluted = $0.99) +8x valuation = $1.48 (fully diluted = $1.13) +9x valuation = $1.66 (fully diluted = $1.27) +10x valuation = $1.69 (fully diluted = $1.41) + +Other companies from health and AI sectors + +Empower Clinics - CBDT (Healthcare) +Current share price: $0.335 +Market Cap: $112 milion +Q2 revenue: $2.8 million +Currently trading at 3.98x revenue +EPS (-0.24) However, this is due to warrants being exercised - mostly a paper loss, not real cash loss. + +Therma Bright - THRM (Healthcare) +Current share price: $0.385 +Market Cap: $84 million +Revenue: $3 521 (9 months ended April, 2021) +Currently trading at 24055x revenue (Yes, that is correct, 24 thousand fifty-five times!) +EPS (-0.05) + +CoudMD - DOC (Healthcare) +Current share price: $1.36 +Market Cap: $316 million +Q2 revenue: $2.8 million +Currently trading at 113x revenue +EPS (-0.12) + +Fobi AI - FOBI (AI) +Current share price: $1.53 +Market Cap: $220 million +Revenue: $10 016 (9 months ended April, 2021) +Currently trading at 22149x revenue +(Yes, this is also correct based on the most updated infomation I could find on their revenue. I'm sure their revenue is higher now, but there was no information for Q2 on Sedar) +EPS (-0.09) + +The next 5 are condsidered the top junior AI companies in an article I found Nov. 4th, 2021 + +DeepSpatial - DSAI (AI) +Current share price: $0.16 +Market Cap: $15 million +Q2 revenue: no revenue, operating at a loss ($1.2 million cash on hand - I used this) +Currently trading at 12.5x cash on hand (i.e. this number should be higher, with no revenue) +EPS (-0.03) + +Zoomd Tech - ZOMD (AI) +Current share price: $0.59 +Market Cap: $56 million +Q2 revenue: 18 million +Currently trading at 3.1x revenue +EPS (-0.04) + +Certive Solutions - CBP (AI) +Current share price: $0.055 +Market Cap: $7.89 million +Q2 revenue: $263 836 +Currently trading at 30x revenue +EPS (-0.01) + +Mobilum Technologies - MBLM (AI) +Current share price: $0.24 +Market Cap: $37.53 million +Q2 revenue: Operating at a loss ($6.9 million cash on hand - I'll use the cash on hand) +Currently trading at 5.4x cash on hand (i.e. this number should be far higher, with no revenue) +EPS (-0.12) + +Plurilock Security - PLUR (AI) +Current share price: $0.50 +Market Cap: $35 million +Q2 revenue: $8.6 million +Currently trading at 4x revenue +EPS (-0.15) + +I don't know what else to say. Comparing DM to other AI or healthcare stocks shows that DM is so far undervalued that the stock price has no other direction, but to go up. DM is the only one with a positive EPS and yet based on the revenue alone trades far below the other stocks in valuation. DM also has a clean balance sheet and money in the bank. A number of those stocks are trading far beyond their current revenue stream or at least the most up-to-date revenue I could find on sedar (i.e. THRM and FOBI). And for others where I could not find a revenue number I was generous to use their cash on hand instead. + +**********Citation End********* +So I observed a couple of online auctions tonight for properties in the SW Sydney suburb/s of Padstow/Padstow Heights. + +[43 Louie St](https://www.realestate.com.au/property-house-nsw-padstow-133298930) and [13 Curzon Rd](https://www.realestate.com.au/property-duplex+semi-detached-nsw-padstow+heights-133341654) + +Fun hearing the auctioneer spruik to no one. Donuts from both. + +Louie started with 900k vendor bid and if you were from another planet listening in you'd think someone had actually bid on that as he sought 25k increments. Went through the whole process four times. Highlight was someone pitching a 750k bid out of nowhere I think on his second or third run through. + +Curzon was a newer 3br duplex and I thought it might do a bit better. Crickets again though. I reckon if you are going to put a price guide of 865k on your website you should be willing to accept it - rather than start the bidding at 880k. Price guides have been bullshit for sometime though, haven't they? Probably worth around 800k in current market. + +"Ten minutes away from a negotiated sale, we're getting closer," auctioneer says. Who knows whether that's bullshit or they get somewhere with them. If they do with either I'm tipping 'price not disclosed' when listed. + +My takeouts are they are pretty fucked. Maybe they need a hype man like Flava-Flav to warm up the crowd or something but I can't see too many sales coming from them. + +Dunno, maybe agents could try something out of the box like listing an acceptable price range bearing in mind current conditions and negotiating in good faith within it. Radical thinking I know, but these are crazy times. + +Anyone else checked one out? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + Hey guys! This is the fifth week publishing some of my screening and analysis. Thanks for the comments and feedback on my previous posts, I hope this continues to be useful for you and me. + +**Overview:** + +I'm screening around 250 different tickers each week to identify those with potential to profit off of a put credit spread. The initial filtering is done based on 8 criteria and values I have listed below. After that I look to the daily chart, IV data, and premiums to see if anything tickles my fancy. If you have any suggestions/comments feel free to let me know, I believe strongly in constantly evolving the process! Suggestions of new securities to check out are welcome also. + +**Goal:** + +Open a put credit spread on an underlying that I believe will stay level or increase in price prior to expiration. + +**Filter Criteria** (Updated on 3/14 from IV Rank to IV Percentile, I like IV percentile better here as I'm looking for relativity again itself. So the goal here is to identify an underlying that's current IV is higher than the average it's been over the last year) + +I'm trying to find securities that are generally trending upwards in a steady manor. Ideally they're down from 3 days ago, pulling back toward the SMA20, and ready to bounce slightly and continue the general upward trend. Liquidity and IV both should be relatively high and ideally no earnings calls coming up during the duration of the trade. If all 8 of these criteria are met they will be given a grade of "A", if 7 of the 8 are met they will be given a "B", if 6 are met they get a "B-", and so on. All securities that are graded as a "B-" or better will then be investigated further. It is important to keep very strict criteria, these don't guarantee profit but they identify securities that I personally believe fit my strategy and risk level most closely. + +1. Underlying Price: $50+ +2. Underlying 3D trend: Negative +3. Underlying Price relative to SMA20: +/- 5% +4. Underlying Price relative to SMA50: Above SMA50 +5. RSI: <70, not overbought or close to being overbought +6. ATM Implied Volatility: >50% +7. IV Percentile: >50% +8. Options Volume: >30,000 contracts/day + +**Trade Attributes** + +1. Spread: $5 or $10 depending on the upward trajectory and underlying price +2. Credit Target: at least 1/3 width of the spread, for $5 spread aim for \~$1.66 credit. This is straight from Tasty Trade guidelines +3. DTE: 30-45 days (ideally monthly expirations, not weekly. Monthly generally has more volume) +4. Sold Put Delta: \~30 +5. Earnings: None during trade duration + +**Exit Strategy** + +* Immediately set a GTC order to close the position at 50% profit +* Depending on the situation (especially DTE) I'll try to manage losses but typically not looking at this until I'm within 15 days of DTE or something crazy happens like a pandemic +* If holding until expiration I ALWAYS close the position at $0.01 instead of allowing it to expire. This is just safer and avoids any assignment shenanigans with one or both legs. + +**3/14 Results:** + +* Total on watchlist: **266** +* Grade A: **0** +* Grade B: **2** + * SNAP, SQ +* Grade B-: **6** + * TSLA, INTC, VIAC, ORCL, ETSY, MSTR +* **SNAP** only reason I don't like this is because the last two days have been positive, if SNAP has a serious down day or a few in a row this will become playable +* **SQ** is my favorite this week. Similar to SNAP there's been a few days of price increase so if you want to try to get a position here I would recommend waiting for a red day or a few and try to get the B/E price to be around $205 which has been acting as a decent support line. + +https://preview.redd.it/v6qtyb20j0n61.jpg?width=2822&format=pjpg&auto=webp&s=7682261cc514df9bbc264770f28ace9b5d5694af + +https://preview.redd.it/n4h1pi51j0n61.jpg?width=3033&format=pjpg&auto=webp&s=a7b2da2b791721adc93d00cd2fecc1d2a87e5a92 + +https://preview.redd.it/l2sh7tx1j0n61.jpg?width=2441&format=pjpg&auto=webp&s=abca1ddd82e58bea814a8eb48d57156b3e15c0e4 + +* **TSLA** is going through a pretty decent correction right now, it's certainly playable but the "general uptrend" piece is missing for me. You'd basically be trying to call the bounce which is fine, but I like SQ better. +* **INTC** chart looks good but IV isn't there to make premiums worth the risk +* **VIAC** Is on a rocket ship right now, it has to pull back at some point right? Exponential rising doesn't fit the "general uptrend" requirement we're looking for, chasing stuff like this is dangerous so I'm out. +* **ORCL** Had good earnings and then a big selloff. I'm expecting it to continue following the upward trend, however, IV is too low to make any reasonable trade that first the rest of the criteria +* **ETSY** I like a lot this week too. Etsy has been trending along nicely for the last year. People stuck in their houses selling arts and crafts has been great for Etsy. With the SMA20 flattening out and getting close to the SMA50 I'm going to wait a bit before realistically thinking about entering but this has potential. +* **MSTR** I really didn't spend much time looking into, it's way too volatile for such a high priced security. You can quickly lose a lot here which I don't want to be a part of. + +&#x200B; + +If you've read this far then here's another potential play to look at for this upcoming week. A lot of folks have been asking about other strategies that I use or if I'll put a filtering system in place for some other strategies so here's an alternative to PCS that I'm looking at. + +**CHWY** There was a large correction recently which dropped CHWY from around 120 down to around 75 and it's now around 85. I think CHWY is undervalued at 85 and I'm expecting it to climb back up to where it was. They have earnings coming up at the end of March and they've beaten expectations the last 4 earnings reports. RSI is low, it even touched the "oversold" territory for a little while. So here are the trades I'm considering: + +* Buying the stock outright and selling covered calls + * $8,600 to purchase 100 shares +* Selling an ATM CSP, getting assigned at the end of the week and then selling CCs + * $8,600 needed to cover selling a 3/19 expiration put with $86 strike and would credit you $340 +* PMCC, buying a LEAPS option and then selling CCs against it + * $1,865 to purchase the 6/16 $75 Call (70 delta, B/E price is \~$94) +* Covered call with 3/26 expiration at 30 delta is $93 strike and credits $213 right now + +https://preview.redd.it/3dabg7xap0n61.jpg?width=2793&format=pjpg&auto=webp&s=4269f183910e2c6c255e743c80e590b4b80fb5ed + +**Summary** + +Last week was a lot better for most people than the previous week, mostly all of my watchlist is positive over the last 3 days which is why the list is so short this week. Only 15% from the watchlist are down from 3 days ago. I was able to take 30% of max profits on my BIDU position listed below after being open for 4 hours which was nice, after missing a similar opportunity with BLNK I wasn't about to let that pass. If you're still holding a BIDU PCS similar to what I outlined previously you should still be in great shape, this one is being counted as the first win of this post/tracking. + +The AMZN IC I recommended in an earlier post has a week left before expiry and is juuuust hanging on. Good luck to others who are still holding + +**QQQ** and **NDX** will have an interesting test this week. SMA20 for both is dropping below SMA50 which is an extremely bearish sign. **VOLQ** and **VIX** are still dropping from the recent spikes which hopefully is a good sign that **QQQ, NDX,** and all of our beloved tech stockers are going to recover. + +**Pending Positions** + +* PCS on SQ 4/6 expiration 210/200 + * Credit: $2.08 (waiting for a down day to increase this to \~$3) + * Max P/L: $208/$292 + * Potential Return/Collateral: 20.8% + * Last underlying price: $242.11 + * B/E: $207.92 + * DTE: 33 + +**Open Positions** + +* PCS on BLNK 3/19 expiration 45/40 + * Credit: $2.03 + * Max P/L: $203/$297 + * Potential Return/Collateral: 40.6% + * Last underlying price: $39.31 + * B/E: $42.97 + * DTE: 5 + * Notes: I can't believe there's still a chance that this thing prints. We dropped WAY below our B/E point but looks like it's trying to rally back. Hopefully by Friday we'll get up over as the NASDAQ and tech stocks continue recovering. +* PCS on TSLA 4/16 expiration 690/680 + * Credit: $3.60 + * Max P/L: $360/$640 + * Potential Return/Collateral: 36% + * Last underlying price: $693.73 + * B/E: $686.40 + * DTE: 33 + * Notes: This has been a wild ride, big correction put us well below the B/E point but recent recovery is looking good. We're finally back above the B/E point which is nice and with \~30 days left our theta decay should start kicking in + +**Trade statistics** (closed the BIDU position for 30% max profit after being open for 4 hours, opened EOD 3/8 and closed early on 3/9) + +* Wins: 1 +* Losses: 0 +* Win %: 100.0% + +**FAQ** + +* Why use a put credit spread, why not a cash secured put? + * The underlying securities that I'm tracker are not necessarily ones that I would prefer to own long term. This specific strategy centers around identifying securities that will hold their value or increase within the next 30-45 days + * Limited downside risk if I'm wrong, I'm not evaluating these securities to potentially hold longer term + * PCS let's you play with the big boys! Companies like AMZN or TSLA require a ton of capital to be laying around for CSP that I personally do not have +* Why only PCS, what about other strategies? + * PCS was just the first strategy that I put together this analysis for. CSP and IC are also a major part of my overall strategy and I encourage diversifying strategies +* Where are these criteria coming from? + * Don't re-invent the wheel! Most of this criteria is coming from Tasty Trade guidelines. They have way more knowledge than I will ever have in regards to options trading which is why I trust them as a starting point. + * I will tweak the values slightly based on specific conditions or differences in risk management that I have from them. I encourage you to do the same +* Why sell at 50% profit instead of waiting until 100% at expiration? + * A la TastyTrade, due to theta decay and potential underlying price increase I'm looking to close out 50% profits within the first \~15 days of the trade. Theoretically this allows me to collect 50% of profits 3 times within the targeted 45 DTE + * I don't *always* cut and run at 50%, if I'm confident in the position I'll let it keep going +* What tools do you use for filtering and analysis? + * Google Sheets for the initial filter + * [https://docs.google.com/spreadsheets/d/1JEq9rtzUO8zNw\_cfcg01vd2lNzfipCJSiB4C8P7DhUw/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1JEq9rtzUO8zNw_cfcg01vd2lNzfipCJSiB4C8P7DhUw/edit?usp=sharing) + * [Tradingview.com](https://tradingview.com/) for charts + * [Barchart.com](https://barchart.com/) for options data and earnings dates export + * [SwaggyStocks.com](https://swaggystocks.com/) for IV analysis + * TastyTrade for setting up my trades +Why do people here say to sell calls or puts around 45 DTE and close at 50%? Isn't theta decay higher 0-14 DTE? So wouldn't you get more premiums selling options with a 7DTE and then rolling the position every week? I'm reading a bit more now and there's gamma risk, but how does that work? + +I have no experience and I don't know very much but all I have done in the past few months is selling weeklies and letting them expire (or getting assigned, and then wheeling) and the premiums seem to be much better if you sell a 7DTE option four times as opposed to a 28DTE option until you get 50% profit on the lower per day premium. +Just had my stomach turned by a charming ad in which Eamon Holmes encouraged me to release the equity in my home like it was the most casual, risk-free thing in the world. + +What are some other financially dangerous things going on in the UK which people and their families should look out for? +[How I went from $35K to $1.75M \(50X\) in less than a year](https://preview.redd.it/fsabjzo13c761.jpg?width=1242&format=pjpg&auto=webp&s=3562fc1720f4a9dc5dffd7e215595078dd01d6b5) + +# [Introduction](https://pbs.twimg.com/media/EMpQn-QWoAI309S.jpg) + +Gather 'round retards and autists. Grab a mug of [eggnog](https://pics.me.me/mmmmm-eggnog-when-you-drink-it-try-not-to-think-about-49090075.png), find a cozy corner in your mom's basement, and enjoy the tale of SIR JACK A LOT. + +In this post: I'll go over my trading history, my strategy, my philosophy, and also systematically destroy every accusation and idiotic question made against me in the last week WITH RECEIPTS. No one doubts motherfuckin SIR JACK A LOT. + +**Disclaimers** + +Privacy is important to me. I wish to stay anonymous. This is not financial advice, just my story. + +# Ghosts of Christmas Past + +**Chapter 1: Crypto (2017-18)** + +How it all started... I threw every last dollar I had in ETH at $12 and swing traded a ton of shit coins and ICOs until it all came crashing down. + +In short: turned $8K into $300K and back to $30k but owed the IRS \~$120K since all the gains were calculated at 2017-year-end. I royally fucked myself because I didn't set any money aside for taxes. Ended up in debt to some very bad people and things were very dark, I don't like to talk about this time in my life that much. + +**Chapter 2: WSB Tuition (2018)** + +First learned about WSB in 2018 from the infamous FB [ER put play](https://www.reddit.com/r/wallstreetbets/comments/922gtp/facebooks_put_play_from_yesterday_im_20_time_to/) by /u/YungBillionaire turning \~$28K into $451K overnight. That sounded fun. + +Quickly learned about options but most importantly about FDs, tendies, and the power of memes. + +Back then it was all about trade wars and hanging at the whim of commander cheeto's supple tweets. + +I have fond memories of: + +* Apparently the first stock I ever bought on Robinhood was [HMNY](https://imgur.com/a/2AsrVQB)... thanks Robinhood Recap for the reminder of my retarded-ness +* Grew my first set of winkles on my smooth brain with AMC calls. The thesis was that their Stubs A-List subscription was doing pretty well according to /r/AMCsAList back then +* Went all-in MTCH weekly puts with $12K clenching my stomach in the fetal position when all of a sudden there was a [lawsuit](https://www.bizjournals.com/dallas/news/2018/08/14/match-group-faces-2b-lawsuit-from-tinder-co.html) and I tripled my account in minutes, pure luck + +Still ended up losing $30K and swore off options forever... until 2020 where I lost another $10k in options. Fucking weeklies man, they're like if cocaine and blackjack made a dopamine-infused baby + +[WTF is up with the snowflakes Robinhood? So gay, instant short when it IPOs](https://preview.redd.it/cm95k7f43c761.jpg?width=1242&format=pjpg&auto=webp&s=806ab5dc60f841ab326aec4ae3f5f39ee8312847) + +# Ghosts of Christmas Present + +**Chapter 3: Road to $1M+ (2020)** + +Let's start with the receipts since that's what everyone's interested in: + +[Proof that I started Feb 2020 with only $35K](https://preview.redd.it/u17ezkgm5i761.png?width=714&format=png&auto=webp&s=c43b917b12aed8a84b30a43f329020b5def45e39) + +Vanguard is my 401k provider and their self-directed brokerage is provided by TD Ameritrade which is why you see screenshots from two different apps. Started the year with $11K in 401k, deposited $26K more in Jan and then started trading in Feb with $35K. The $49K withdrawal in June was for a 401k loan to buy a Tesla. + +[Looking at this all-time graph gets me so hard](https://preview.redd.it/vufh3f4b3c761.jpg?width=1242&format=pjpg&auto=webp&s=0f708f141f1c9177f212aa271e443eab5be3fd18) + +In my first run up to June, turned $35k into $850K (APT, CODX, NCLH, CHWY) and decided my luck was too good and needed to "cool down". Decided to withdraw $50k for a Tesla and stayed away from the markets for a good 3 months thinking the market was going to go back down again... + +But it didn't, the market kept rallying and I got the tendie tingles. My first move in Sept was to go all-in on WORK and bought at the high of $35 and was immediately down -30% thanks to their shit ER. They recovered a bit in the weeks afterwards and then jumped into CRSR which made me a millionaire and then GME. GME also shit the bed with a -20% ER but recovered swiftly thanks to Lord Cohen and recently jumped into STIC for that final spike up. + +**Chapter 4: Explaining every trade** + +[Proof of every gain\/loss I've ever traded \(except APT history which was in Vanguard\)](https://preview.redd.it/mheen4rd3c761.png?width=906&format=png&auto=webp&s=504af2cd40b63d276fb42bb83c11bc85c6c1e18f) + +My strategy is going all-in on a single stock all-shares. The idea is to have a thesis and conviction with that trade. I stay in the trade until the thesis is invalidated or another opportunity arises, it's a simple strategy and it's worked for me so far. My account does not allow options or margin trading. + +Here's a few theses and history I remember in hopes folks can learn something: + +* **APT/CODX** \- It was obvious to me in Jan/Feb that this coronavirus was the real deal. The trick was to look at the facts and not the noise. There was a fake [viral video](https://timesofindia.indiatimes.com/times-fact-check/news/fact-check-are-these-wuhan-residents-screaming-and-begging-for-their-lives/articleshow/74062839.cms) of blood-curdling screams from Wuhan apartments that was so obviously fake but western media loved it. On the other hand, Wuhan built a makeshift hospital in just [10 days](https://www.youtube.com/watch?v=3Sh7hghljuQ), that's real action the government took and showed me how seriously dangerous this new virus was going to be. So I loaded up on APT, a mask stock, and rode it up and then switched to CODX, a testing stock, and rode that up from $11 to $24 selling right before their botched ER (conf call with no queue and everyone talking over each other lol) +* **NCLH** \- Saw a curious spike in volume on May 14 with a move upward, piqued my tendie tingles again. Decided it was worth an all-in at $10.57 as the support of $10 was pretty strong. The mood at the time was that coronavirus was waning (I knew it was wrong but the market was emotionally optimistic) and fortunately it caused NCLH to moon and I sold at $19.75 on June 4 even though it kept mooning to $26 over the next 2 days +* **CHWY** \- Got a dog, it's cute. Pets + E-Commerce during a pandemic, easy money. Bought at $41 and sold at $46 only because I thought it was moving kind of slowly. Well I was pretty wrong, now it's at $104 +* **SQQQ/TVIX** \- I tried being a gay bear for an hour and lost money. Don't ever be a gay bear +* **CRSR** \- Been watching a ton of tech review and PC building YouTube channels and subreddits and the "enthusiast" crowd is definitely larger and has bigger wallets than people think. There is fucking [keyboard typing ASMR](https://www.youtube.com/watch?v=P6gW18XE6EM) now and ebay reviewers THANKING scalpers for charging them 2-3x MRSP. Biggest generational jump in GPU and CPU in a while and recently IPO-ed Corsair was definitely gonna benefit from this new generation of gamers was my thesis. Went all-in at $24 and sold at $36 after a non-stop run even though it kept running all the way to $51. No regrets, profit is profit. +* **WORK** \- It was the only "WFH" stock that didn't moon yet, thought it deserved a chance was my thesis. Went all-in at the tippy top of $35 on Sept 2 and it immediately kept crashing all the way to $24 in 5 days. Fortunately it recovered a bit and sold at $32 for a loss since I gave up hope and it seemed to be running out of steam + +**Chapter 5: GME Gang Confession** + +Now: I have a confession to make. My conviction for the Gamestop MOASS is insane. Had 88,233 shares at $13.04 buy-in with a $120 stop limit. Listening to this [90-min podcast](https://anchor.fm/modernguilt/episodes/EP27--NEXT-STOP--GAMESTOP-MOON-BASE-ensdq6) of /u/Uberkikz11 going on about how he knows more about this company than any mortal human should gets me so friken hard every time. + +But. That -20% ER drop hurt me on a spiritual level. Watching my account go from $1.5M to $1.1M at one point gave me Taco Bell-levels of stomach cramps. + +So when it bounced back to $15-16 on no news on Fri, Dec 18, I felt like I needed to "cool down" again. It was going into the holidays with a British virus mutation on the way and hedge funds [manipulating](https://www.youtube.com/watch?v=gMShFx5rThI) to get their holiday bonuses, it felt kind of dangerous. And no way Ryan Cohen would be working with his lawyers on something that fast over the holidays, right? + +So I sold all my GME at $15.50. + +Then on Mon, Dec 21 morning, Lord Cohen drops his new 13D/A... but the stock price stayed flat all day. The Lord gave me a chance. A whole day to get back in. Unfortunately I didn't take it. + +And then Tue, Dec 22 all tendies broke loose, the squeezening. +25% gain. /u/deepfuckingvalue dropping his massive dong in another update. I waddled back and forth in my fetal position. Missed out on \~$300K gain while watching everyone freak out. Felt exactly like this: + +[Can't feel my dick at all...](https://preview.redd.it/gn74i1yg3c761.jpg?width=460&format=pjpg&auto=webp&s=4c1a7031f8528f949a6d409f045ca727298e7312) + +**Chapter 6: Barking on a STIC** + +While waddling and scrolling on my phone, I happened to stumble across [this post](https://removeddit.com/r/wallstreetbets/comments/kih8z3/the_next_meme_hot_pick_for_all_the_good_boy/) about STIC and BarkBox. Not sure why /u/pound_salt_ deleted the original post but at the time, it was the only post about it on WSB + +I was pretty familiar with BarkBox and started researching, it seemed super un-discovered. I liked what I saw: Pets. E-commerce. Subscription. SPAC. Basic white bitches spoiling dogs. This might be worth an all-in. + +So on Wed, Dec 23 morning I decided to make a move. All-in at $14.42. + +Then I started writing everything I had learned and posted it all in my DD post at 1:46PM ET because I thought it was worth sharing what I found [https://www.reddit.com/r/wallstreetbets/comments/kiypqq/sir\_jack\_a\_lots\_next\_move\_all\_in\_stic\_bark\_merger/](https://www.reddit.com/r/wallstreetbets/comments/kiypqq/sir_jack_a_lots_next_move_all_in_stic_bark_merger/) + +The price was $14.25 at the time of posting and frankly, price was oddly flat at $14.25 pretty much all day. Lots of people got to buy in at this price. Why did it take me so long to write it? I had actual work meetings all morning and wrote it during my lunch break + +Then by the luck of the gods, apparently the CEO of BarkBox, Matt Meeker, went onto [CNBC](https://www.cnbc.com/video/2020/12/23/bark-to-go-public.html) at 3:20PM ET and it started mooning. On Thurs, Dec 24 I awoke to a 20% pop and shared my gains for ya'll to salivate over. Complete. Luck. + +# Ghost of Christmas Future + +**Chapter 7: What's next?** + +Let me be clear. I stand by every word of conviction I mentioned in all my GME and STIC posts, those are still my favorite H1 2021 plays. Holding STIC until merger would most definitely get you some massive gains. + +But I'm a swing momentum trader. If I feel like something is running out of steam, has a risk of a rug pull, or another stock has potential to pick up steam with lesser downside, that's when I usually jump around. + +I'm not happy with just a +25% in 3 months. I want a +25% compounded on +25% compounded on another +25% in the same 3 month time period. + +On Monday, Dec 28 I will probably sell STIC and move all into CRSR again. From technical charting perspective, I'm loving the setup and the [magical crayons](https://imgur.com/a/PxlN2em) are telling me we're at the support again and this should bounce in anticipation of strong Q4 earnings. + +Now: this is not a ding on STIC or GME, I stand by my 2x-10x claims at some point in H1 2021. It will eventually get there but it might also dip and rise again and I want to swing that dip and rise. + +Let me spell it out for some retards: because STIC moon-ed so fast, I want to sell to capture profits and hopefully buy back in on a dip. If STIC had not mooned yet, I would still be holding STIC for a more gradual moon-ing to let my thesis play out. If STIC does not dip but keeps mooning, then I will not chase and happily watch other diamond hands enjoy their tendies. + +# Q&A / AMAA + +I'm fucking tired of answering the same repeated idiotic questions. Let this Q&A serve as an artifact and please link it to new retards. I will also proceed to debunk every single fucking false claim I've read in my last few posts. Also feel free to AMAA in the comments, I'll be replying all day. + +1. **How often do you jack off?** At least 2 times a day and always before I make a trade for that post-nut clarity +2. **Haha you're going to owe so much in taxes** \- Nope, this is all in my 401k which in the US means I don't owe taxes until I withdraw. Fucking compounding gains for years bitch +3. **Why are you making such risky trades?** My goal is 8 digits or bust, that's my /r/fatfire number so I can finally quit this wageslave game. It's so obviously stacked against us and requires a lottery moment to reach escape velocity to play on New Game+ where I can live on $400k 4% SWR on $10M. This is my lottery moment and I'm leaning all the fucking way in. That's why I'm chad-ing it up and trying to TIME the market, meaning riding shit up and then jumping back into shit for another ride up. Fuck you Warren Buffet and your 90 y/o "time in the market" boomer bullshit. The next pandemic in 2025 might wipe us all out anyways, I ain't got time to wait for retirement. Gotta will it into existence. YOLO +4. **How are you so good at this?** I study everything. Technicals. Charts. Support levels. Volume spikes. Short interest. Executive teams. Rumors. Customer sentiment. Employee morale. Insider trading. MSM manipulation. Comparable market caps. ER reports. Upgrade reports. SEC filings. Meme potential. I literally watch and study every facet I can about a company, and do so quickly. +5. **What's your trading strategy?** All-in on a single stock all-shares. The idea is to have a thesis and conviction with that trade. I stay in the trade until the thesis is invalidated or another opportunity arises, it's a simple strategy and it's worked for me so far. +6. **Why do you post on WSB?** Internet points is fucking fun. I was banned for like 30 minutes yesterday (on "accident" apparently) and having $200k+ gains without the ability to share was just not the same +7. **How do I follow your next move?** Oh just follow my discord/newslett -- no fuck that shit. I don't do discord or newsletters or twitter or anything else. I'll keep posting on WSB until 8 digits or bust (or ban), you can guarantee that. +8. **Why do you remove the time on your screenshots?** I'm cropping shit on my iPhone and my username is between the portfolio number and the top bar. Otherwise I'd love to friken show off my perpetual 69% battery level +9. **15% isn't a real YOLO** \- I am literally shoving my entire net worth into a single stock every single time. Correct it's not the same as blackjack or FDs where if I got it wrong, I could lose everything but it's still fucking riskier than any ETF or financial advisor with their cuckold MBA would ever advise. One 15% play may not be impressive but compounded together is how you get this 50X in less than a year +10. **Where's PLTR or TSLA?** Notice I never once touched PLTR, TSLA, NIO, XBEV, MVIS, etc or any of the other meme stocks WSB loves. That's because I hate being a sheep and following after the curve. I try to find shit *right* before the curve starts (usually indicated by a volume spike) and most WSB meme stocks are up way too high for my risk tolerance. Too much at stake to lose to a random rug pull moment. +11. **Hey I think I'm your cousin, can I get some money?** No you fuck, [stop being poor](https://i.redd.it/eyj4re61ibe21.jpg). +12. **Hey do you wanna fuck my ex-wife?** Already did, next +13. **You're just using WSB to pump and dump on us** \- No you fucking idiot. + +* **First:** look at my [post history](https://www.reddit.com/user/SIR_JACK_A_LOT/posts/), I NEVER make a hard recommendation for people to buy a stock. I only share my gains, losses, or DD because it's fucking funny to see how ya'll react. Whether people want to follow my move or not is 100% up to people. Do your own fucking DD and figure out when you want to sell according to your own thesis/risk tolerance. +* **Second**: You folks keep asking me for my next move. Well how and when the fuck should I share it? If I post something in the morning, it's stuck in /new for a while until it gets enough upvotes to hit the front page and by then it's already afternoon or market close and the stock might have already done who knows what. That's not pump and dumping, that's just a delayed effect of how Reddit's algorithm works. Anything on the front page is essentially 5-15 hours old news and you need to determine if the state of the world is still the same or be a sheep and chase. It's the same thing once you hear Aunt Cathie or Boomer Cramer mention a stock and it trickles down to you, you're chasing after others have already gotten in +* **Third:** My $1.5M is not enough to move any real-volume stock. I don't touch OTC or low-volume shit. For STIC: I have 97K shares and on average 2-4M shares are traded every day for STIC so my account is a like a drop of whale cum in the ocean +* **Fourth:** Real pump and dumpers are the shitty scum on the earth. Spend any time in /r/pennystocks or some Discord or Stocktwits and holy shit, these scum run fucking operations. I've even seen paid newsletters where the highest tier gets the tip "early" to buy in and then the lower/free tiers get the tip which causes the pump for the early buyers to literally dump on and create bag holders on non-existant volume too +* **Fifth:** Listen to what /u/DoubleKillGG and his big brain figured out the rest of you retards could not: + +>The fact is that SIR\_JACK\_A\_LOT is a swing trader. Yes he pumps his stocks and closes relatively quickly but he doesn't pump shit stocks. If you bought any of his positions when he posted you'd be up on everything. A pump and dump requires the dump part where investors are left holding a stock that is worth less than when they bought it. He did, however, break wsb's rule #4; STIC's market cap is below $1B. +> +>His positions closed and what they're worth currently +> +>NCLH: Exit at 17.95. Current share price is 24.51 +> +>CHWY: Exit at 44.35. Current share price is 104.10 +> +>NCLH (again): Exit at 19.16. Current share price is 24.51 +> +>CRSR: Exit at 35.57. Current share price is 36.70 +> +>PTON: Exit at 109.46. Current share price is 163.60 +> +>GME: Exit at 15.96. Current share price is 20.26 +> +>\*\\\*Exits are estimations from his posts\* +> +>STIC: Posted DD when share price was around 14.25. Current share price is 17.85 + +**Shout-outs** + +Some of ya'll are real gems. Major props to: + +* My GME gang /u/Uberkikz11, /u/Ackilles, and of course the king /u/deepfuckingvalue along with a few others like /u/CPTHubbard, /u/OutrageousDesk, /u/Tomatotowers, /u/Stonksflyingup, /u/sneakersourcerer, /u/Midaswhale30, /u/Jeffamazon, /u/DrZaius0 for the amazing DD, memes, and brotherhood +* /u/alifeofataraxia for his YouTube videos chronicling the tale of SIR JACK A LOT - [Part 1](https://www.youtube.com/watch?v=yW4Fr39n_uM), [Part 2](https://www.youtube.com/watch?v=MKfjMHmqkzo), [Part 3](https://www.youtube.com/watch?v=UP8fRTEIFpI) +* /u/GrowerNotAShower11 for his erotic fan-fiction. I need one written about Cramer succumbing ahegao-style to the awe of my portfolio gains and massive dong STAT +* Many other loyal fans who helped me get unbanned yesterday, thank you + +**Fuck You Haters** + +Last week we got /u/durado so cucked he deleted his account and now /u/kingobama123 is all up on my ass. First, read this magnum dong opus and if you have more questions, ask it in the comments, I'll cum all over you. + +**POLL** + +To really drive home the value I bring to WSB, let's see how many peoples' lives I've changed and for the better or worse. Take this poll regarding whether I helped make you gain or lose money if you've been following. + +[https://www.strawpoll.me/42341589](https://www.strawpoll.me/42341589) + +**🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄** + +**🎄🚀🎄🚀Merry Fucking Christmas 🚀🎄🚀** + +**🚀🎄Jerome Powell bless us, every one!🚀🎄** + +**🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀🎄🚀** + +[My usual order is the 13-piece tenders - whopping 1780 calories in a single sitting](https://preview.redd.it/ykuygl8i3c761.jpg?width=2048&format=pjpg&auto=webp&s=a2f40d1186b3c99c15cf1a0584ff41428326cb84) +Damn. I went from 820 to 790. I know that's still good, but I was proud of my credit score being above 800. + +I checked my score on creditscorecard.com and it said that the reason why my credit score dropped was, "Your credit report shows a $0 balance on your non-mortgage loans (such as auto or student loans) or a lack of sufficient recent information about your loans. Having a non-mortgage installment loan with no missed payments and a low balance along with other types of credit demonstrates that a person is able to manage a variety of credit types." + +As someone who has no plans to get any loans any time soon, will my credit score continue to drop due to this reason? + +EDIT: For the record, I do have a credit card, and I use it exclusively for everything (I honestly can't remember the last time I paid for something in cash), and pay it all off every month, so it's not like I'm completely devoid of paying debt. + +Also, the reason why I'm worried about my credit score is because I'm apartment searching right now, and it's been really hard to find a place -- every apartment I've looked at has been given to someone else. A lot of ads I'm seeing for apartments are saying that they will check your credit score as part of the application process, and I was hoping my 800+ credit score would give me an edge. +This is an update to today's series of DD: + +[Part 1: Major assets vs. GME](https://www.reddit.com/r/Superstonk/comments/vyv5xl/part_1_critical_margin_theory_shown_in_price/) + +[Part 2: The behavior of "normal" stonks](https://www.reddit.com/r/Superstonk/comments/vyv7u2/part_2_critical_margin_theory_shown_in_price/) + +[Part 3: Basket stocks in comparison](https://www.reddit.com/r/Superstonk/comments/vyv8ri/part_3_critical_margin_theory_shown_in_price/) + +[Part 4: Kenny's world is crumbling](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/) + +I recommend checking those parts first since they contain the actual DD, whereas this is just an update to what happened today specifically. + +# Summary of Parts 1-4 + +In Part 1 I've shown and explained how GME's price acts in relation to major assets and how it is prevented from crossing a certain price ratio. In Part 2 I've shown how some "normal" stocks look like in comparison and in Part 3 how other basket stocks behave. Part 4 finally was trying to look for potential answers as to "why" this all is happening and then compared specifically Citadel's long positions to GME. + +# Recap + +[From the comments section of Part 4](https://preview.redd.it/so50ld87xlb91.png?width=736&format=png&auto=webp&s=5e34663b7f293bc051efbe24adedea334390c59f) + +**In Part 4 I wrote:** + +*It will be interesting to see how long they can keep this up for and avoid getting margin called. Just take another look at the SPY/GME chart again (see part 1), which after all is representing both the broader market as well as being one of Kenny's longs:* ***Yesterday (July 13th)*** *was the first day since June 8th 2021, where we visibly* ***broke through the trendline***\*. Unsurprisingly they pushed us\* ***back up a hair above the trendline just before close***\*. I assume because Kenny was afraid of Marge or something?\* + +For reference, this was the SPY/GME chart as of July 13th I referenced above, though it's hard to see without zooming in how we crossed yesterday: + +[SPY\/GME as of July 13th after market close.](https://preview.redd.it/tcgam6snrlb91.png?width=1243&format=png&auto=webp&s=565eedea699ed6228de00bab5d37c5d77106c880) + +**The conclusion of Part 4 then was:** + +*It's a trust me bro moment I reckon, but I have a feeling as* u/ultrasharpie *also pointed out,* ***that when we truly cross on the SPY/GME chart, shit is about to hit the fan***. And to jack your tits some more, if we continue to push through it this week, this will more than likely also coincide with pushing through the bull flag we're currently trading in the normal GME chart. Whoops MOASS or something? + +***Well that or they manage to short GME back down again.*** *But with the NFT marketplace, splividend, FOMO and who knows what kind of announcements are about to be dropping soon, I have a feeling Kenny is already starting to choke on his mayo.* + +# So what happened today? + +GME went up to $150+, SPY went down and we seriously crossed on the SPY/GME chart. To recap the recap, we crossed yesterday as well but then got pushed up just above the trendline before market close. So lets have a closer look of what happened today: + +[SPY\/GME as of July 14th after market close.](https://preview.redd.it/8l2oogydslb91.png?width=1243&format=png&auto=webp&s=86622b2293446ade103eeea47170b9c08ed284b6) + +Lets zoom in a little ("Enhaaance!"): + +[SPY\/GME zoomed in.](https://preview.redd.it/1romgejkslb91.png?width=1243&format=png&auto=webp&s=a0e9f57b2aea9f795033f0504ec9dc42678da30b) + +Well I'll be damned. We crossed significantly right after market open on the SPY/GME chart, when SPY dropped on recession fears but GME continued to increase slowly but steadily up to $151.95 as shown below. Then GME suddenly dropped down massively for no reason, whereas SPY rose again. Just in time for the price ratio of SPY/GME to pop up right above the trendline again before close (image above). "Phew... margin call averted." - Kenny, probably + +[GME 5min chart with SPY overlayed.](https://preview.redd.it/wzjuiqv7ulb91.png?width=1243&format=png&auto=webp&s=4ad078cbbdfb090be2d3684f3ee0fc81ccfb0680) + +# + +# More longs from Kenny's portfolio zoomed-in after close today + +[AMZN\/GME](https://preview.redd.it/dav7l3g0vlb91.png?width=1243&format=png&auto=webp&s=634442c93b9a87a53f01da285208673c4289c48a) + +[GOOGL\/GME](https://preview.redd.it/yiwvcwc2vlb91.png?width=1243&format=png&auto=webp&s=27b2379f16cad809b7f803c649dd0b79e9da980d) + +[NVDA\/GME](https://preview.redd.it/kqtv05t4vlb91.png?width=1243&format=png&auto=webp&s=6f1dc8dd3d983a63c502e4d8cd0489abc26b5ca7) + +[TSLA\/GME](https://preview.redd.it/41d028gfvlb91.png?width=1243&format=png&auto=webp&s=0a3eb98a566355ed0acd4836f609835dc5963c7e) + +And even BeetCoin lol: + +[BTC\/GME](https://preview.redd.it/xln7fwmxulb91.png?width=1243&format=png&auto=webp&s=8f5bb15f3a493a54ec8e1750aacce0c1d207265e) + +I'm really looking forward to the next few weeks. Hedgies r so fukt. + +And thanks again to u/ulltrasharpie for posting about the price relationship between SPY/GME first. +After finally getting my first real estate investment back in March, I'm just extremely happy and blessed with how smoothly everything is going. My rental is a very inexpensive inner city rowhome. I don't know my tenant, they came with the property, all contact has been through my property manager, but I know they have young kids and this is low income housing, they are likely below the poverty level. + +I feel like dropping the December rent in half or at last a quarter. Just so they can have extra Christmas money. + +Does anyone ever do anything like this? Admittingly, this has been a good year, and if there were a bunch of expenses on the house next year, I might not be able to do it again. I don't want it to be necessarily expected. +I just got a substantial promotion and raise at my job and I’m currently making 50k a year, taking home about 38k after taxes(cause Oregon ☹️). I’ll get my first paycheck next week! + +I’m currently $11,000 in debt, I’m expecting to be able to pay off 5k with my reimbursement from school loans in a month. 4K is on cards with no interest until August of next year. + +Then I’ll have 32k in student loans kick in in June of next year. + +I pay $870 in rent+utilities. + +I spend too much on food currently, actual figure unknown, but I spent something like $700 in July. We just kinda splurged a bit for birthdays and events so I’m super reigning that in and avoiding eating out more than once or twice a month. If I’m grocery shopping and avoiding excessive eating out I’m confident that $250-300 a month is a super reasonable budget here. + +Gas is about $150-$200 a month. + +Car insurance is $90 a month + +I spend about $30 a month to do my laundry. + +I pay $50 a month for Internet/tv. + +I pay $75 for my phone, this will drop by $20 in 4 months when my phone is paid off. + +I pay $150 a month for health insurance and 20 a month on prescriptions. + +I have a $30 a month 24 hour fitness gym membership that I use occasionally and am stuck with till March. (I’m planning to call member services and see if there is anyway they can cancel it without me paying the remainder of the year, but I’m doubtful it’ll work out) + +Also a $100 CrossFit gym membership that I use 2-3 times weekly. + +I’d say another $100 or so a month goes to other necessities like cat food, cat litter, shampoo, conditioner, toilet paper, dish soap, laundry soap etc. but I’m really not sure about the exact figure. + +There’s not really a ton of extras, I have a $25 beauty box that I’m cancelling, I’ve spent probably $200 on jewelry in the last two months(it’s rare for me to buy anything like this). I also need to go clothes shopping fairly soon for the seasonal transition, I’m expecting around $300 for this. + +How should I go about getting this paid off ASAP and does anyone have recommendations on saving strategies for someone who sucks at finances? +I went with my mom to the bank to help her get a loan for a home. Banker runs her credit, and to my shock, her credit score is deplorable for very obvious reasons: I see credit cards on her report that I didn't know about (my mother doesn't speak English well, and I handle all her finances). I give her an asinine stare, and tell her to spill the beans. + +She tells me years ago, a friend of hers, Sarah, asked if she could open credit cards under my mother's name for her son, Brad. The reason is because Sarah, and her son Brad, both have horrible credit and topped their credit line limits on all their cards. At the time, Brad promised my mother that he'd pay off any new cards that my mom opened for him within a year (that was 6 years ago). My mother, being naive and having a very limited understanding of finances nonchalantly agrees. She opened 2 cards for him, and then he immediately balance transfers his balances on his own cards to my mom's 2 new cards. Total debt transferred from Brad to my mom was ~10K. + +We left the bank. I chastised my mother (in a professional way -- she's still my mother), and I cooled off. I then called Brad. [For the record, he's a sordid, degenerate, uneducated, pathological liar that clubs, drinks, and does drugs for a living. This isn't a personal attack on him, but just to give you an idea of the type of person I'm dealing with. His social media accounts corroborate the aforementioned.] + +He said he doesn't use the cards, but just makes minimum payments on them. He provided me the login details; he was telling the truth in regards to not using them and making minimum payments. He then promised me to pay them off within several months -- he lied -- because that was 6 months ago. It's already been 6 years from promise #1, and I'm done being polite. He's fully utilizing my mothers total available credit, has late payments every so often, thus destroying her credit score and ruining her chances of financing a home. + +He already acknowledged that the debt was his (in future text message communication), and also made a promising claim, in writing (SMS), to pay off the debt in a certain time frame. I think he has several thousands in assets, but doesn't want to put that toward paying off CC debt -- especially when it's not under "his name." What's the best course of action(s)? + +TL;DR: A family "friend" took advantage of my mother, opened credit cards under her name, then transferred all his debt over to her. Mom can't get a home loan because her credit is destroyed. What to do? + +EDIT: I should've mentioned this earlier, the guy drives an Audi R8 -- that's a 150K car, but I highly doubt it's his (is their a way to check?). He's a degenerate who hangs around clubbers and drug dealers who live flashy. I'm sure he's borrowing it from a dealer who resides out of town and owns estate in my area. Regardless, someone living a fake and empty lifestyle like this has no moral resolve. Nobody with a backbone takes advantage of an old woman who barely speaks english and isn't financially fluent. + +Update: As suggested by many, I shared this on /r/legaladvice. Please see [here](https://www.reddit.com/r/legaladvice/comments/6ucsjp/just_found_out_that_a_family_friend_has_credit/?st=J6GYNVIV&sh=89f6406f). Would appreciate any lawyers' input. + +Update 2: Apparently, this made the front page on Reddit. This is my second post on this site, ever. This is an incredibly generous community that really does give weight to big issues facing normal people. Just wanted to say thank you, sincerely, to each and every one of you that has taken time out of their day to put forth their thoughts. I'll keep you updated on this. + +Update 3: Hey reddit family. It's been an absurdly busy few weeks, but there's good news. I've taken the advice of many. I made my mother shutdown the accounts and put a password on them. They're only payable accounts now and cannot be charged. I also became her power of attorney. + +I've met with several attorneys, police detectives, and private investigators. They all pretty much said the same thing, i.e., there's really no (short-term) objective of obtaining a judgement and accruing lawyer/PI fees if we cannot collect from Brad/Sarah. They told me I first had to figure out their assets, then further dig and see if they had any judgements, holds, or liens against them (which may make the collections process much more difficult). + +And so I did some digging, and God, was I astonished. The guy and his mother have over 7 cars -- all in their names -- and recently mortgaged a $300k home! I was sick to my stomach to find that out, but at least I know they do have the financial ability to pay. They obviously lied about not having "good credit" or the financial means to pay off their old debts. + +After approaching the attorneys with this, they said I have everything I need to achieve a judgement and collect (acknowledgement of debt, written agreement to payoff, breach of contract, certified vehicle ownership/title documents from the SOS, etc). The attorneys were all sincere in their advice and told me the #1 objective is to collect and avoid additional fees. One attorney was actually nice enough to not charge me and provided me with a template to take to a notary. + +Thus, to avoid the legal stage, I'm initially going to ask Brad and his mother to come to the notary and sign an agreement to payoff their debts in a timely manner. I'm human, so I'm giving them reasonable time to pay off their debt (anything is better than the 18 year minimum payment plan they're currently on). If they don't agree to come or sign, or if they fail to pay in accordance with what they agreed to and signed, then that's when we'll approach the courts, and the process shouldn't be too difficult afterward considering the plethora of evidence and financial information I have on them. + +So that's where we stand today. Thank you again for the hundreds who shared their thoughts and ideas. I wouldn't have been able to figure all this out without the outpour of support from the Reddit community; some who work for Audi, others in the repossession industry, and others in the legal and intelligence community that have helped tremendously. I cannot thank you guys enough for your help in sending me in the right direction. So thank you guys, seriously. + +I'll keep you guys posted along the way. + +Just comment and say what your price prediction for the 1st of January 2018 is. + +IMPORTANT: I'll recollect all your predictions in a spreadsheet and calculate the average value. + +Let's see how close we get!!! + +- Current average of 163 predictions --> 710,35 USD +- Current median of 163 predictions --> 618,50 USD +I have defended this subreddit repeatedly in other subs, particularly r/economics, which sees this sub as its retarded little brother. I have found, over the past year or so, several great links and conversations in this sub, that have kept me engaged for a long time. + +But, seriously, guys, what the fuck is going on? + +[This post](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/) has comments so bad that they make me question my own sanity. I don't want to draw the inevitable r/politics comparison, especially since a lot of these comments aren't so much politicized as just plain stupid. From pot shot ad hominems to a clear misunderstanding of economics, finance, or general investing practices, it's a shitshow. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdghmp) we're told hedge funds aren't as useful as Wal-Mart because, I guess, Wal-Mart sells physical stuff. So, yeah, I guess Reddit (and Microsoft and Linux and fucking Adobe) are worthless because they don't sell physical stuff. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdlajd) we're urged to wonder whether the Federal Reserve has directly bailed out hedge funds. No evidence, just baiting. And for proof, the poster links to a Salon article about NAFTA. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdgb53) and [here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdkz0v) we're told how Krugman is a hypocrite for criticizing rich hedge fund managers because he makes $250k per year. ZOMG SO MUCH MONEY! Of course that's about 200x smaller than the sums Krugman is talking about (and his income is irrelevant, since he's pro-capitalist in any case), but he obviously makes more than these basement dwellers, so time to be snarky, amirite? + +For an added bonus, that second quote suggests that hedge fund managers deserve their money because at least they're being paid voluntarily, whereas teachers are being paid involuntarily through taxes. Beyond the mind-numbing stupidity of this is the irrelevance when discussing Krugman, who has worked at a private institution for years. + +Then we've got [this guy](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdgc01) insisting that monetary expansion is a de facto benefit to all hedge funds, which of course ignores the fact that hedge funds often bet against one another, some are hurt by monetary policy expansion, and others have directly lost millions betting that QE would impact the economy one way when it caused the opposite to happen. + +[Here](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdi23l) is some more snark that contributes nothing. [And some more](http://www.reddit.com/r/economy/comments/253ma6/paul_krugman_now_thats_rich_last_year_the_25/chdfy73). + +I'm not sure how to fix this sub, but I'd like there to be a discussion about cleaning the place up. This is getting ridiculous. +Hi! 10 year anniversary over here and I'd like to surprise my wife with something luxurious and for a weekend in September. Budget: 10k (will do up to 20k if it's awesome) + +We do have kids though so the trip is going to have to be as short as possible (I'm thinking 4 total days - 2 for travel 2 for enjoyment/exploring). + +Current ideas: + +* fly business class to oaxaca and do all the fun oaxaca things (doesn't seem like any really cool hotels here?) +* business class to mexico city and do the Michelin start thing +* big city (DC/NYC) four seasons + Michelin restaurants (a little bit boring but could potentially only be 2 nights away from kids) +* a Caribbean island + resort (feels boring) +* shoot to europe (spain/portugal/italy) business class (feels intense but maybe the most fun thing) + +Anyone have favorites around the area for quick bursty retreats? + +I'm always up for any details about how you all are splurging on anniversaries with SOs. +It seems that DRSing has hit a brick wall around 90k Computershare accounts. + +Coincidentally, the number of Computershare accounts aligns very closely with the number of members of the more recent sub: the jungle. The mods of the jungle stopped accepting new members because they detected a sharp rise of suspicious activity from new accounts around 90k members. + +I believe that most people that subbed the jungle came from here. If we subtract those 93k jungle members to the 697k members of this sub we get 600k accounts. + +So we have 93k jungle members who are most likely in Superstonk as well and around 90k CS accounts. Are the other 600k accounts bots and shills? + +If not, why is DRSing stalling when Computershare account numbers are 97% of the number of jungle members? +"Although there is no single driver for the weakness, it seems as if investors all of a sudden realized how overbought stocks are and sold. Someone yelled fire in a crowded theater and everyone left at once," said Ryan Detrick, chief market strategist for LPL Financial, in emailed comments. + +But there are also technical reasons for Thursday's decline: As US-China relations sour, investors are moving money out of tech, which could get hit the hardest from a potential increase in tariffs. + +"The Nasdaq is getting hit hard with the continued rotation into cyclicals and expectations big-tech will ultimately pay the cost to a further deterioration with US-Chinese relations," said Ed Moya, senior market analyst at Oanda. + +Stocks in cyclical sectors are expected to perform better as the economy is recovering. + +The Big Tech companies such as Amazon (AMZN), Google (GOOGL) and Microsoft (MSFT), all of which are part of the Nasdaq, have become the safe-haven investment of the summer. But investors have beginning to wonder when the rally will run out of steam, either because of increased regulation or because the economy as a whole picks up enough to void the need for safety picks altogether. + +[https://buystocks.co.uk/news/most-traded-us-stocks/](https://buystocks.co.uk/news/most-traded-us-stocks/) +I believe this case specifically gives clarification that Computershare is deemed a financial institute for the purpose of establishing a customer under Safe Harbor status. In my view this gives DRS Computershare enhanced rights over broker held shares where the broker doesn't not satisfy the criteria i.e where the transaction just passes through a broker (“mere conduits” for the overarching transaction) + +https://www.skadden.com/en/Insights/Publications/2020/01/Second-Circuit-Recognizes-Customer-Safe-Harbor + +I do not have any legal qualifications, this is not legal advice. Take a look for yourself. Wrinkled brains may be able to give further insight. Text from the article below... + +The Second Circuit’s Application of the Customer Defense +To reach its revised decision, the Second Circuit analyzed whether Tribune was a covered entity under Section 546(e). In particular, if Tribune itself qualified as a “financial institution” because it was a “customer” of a financial institution and such financial institution was acting as Tribune’s agent, then Tribune would be covered by Section 546(e)’s safe harbor, insulating the LBO transfers from constructive fraudulent transfer claims. + +Step 1: Computershare as a ‘Financial Institution’ + +Applying the facts to the law, the Second Circuit concluded that Tribune retained Computershare to act as a “depositary” to hold, receive and distribute funds and shares as part of the LBO.7 As a trust company and bank recognized by the Office of the Comptroller of the Currency, Computershare qualified as a “financial institution” covered under Section 546(e).8 Tribune would also qualify as a “financial institution” in connection with the LBO payments if it was Computershare’s “customer,” and Computershare was acting as Tribune’s agent.9 + +Step 2: Tribune as Computershare’s ‘Customer’ + +To determine whether Tribune was Computershare’s customer, the Second Circuit reviewed the services Computershare performed for Tribune in the LBO. Because, in exchange for fees paid by Tribune, Computershare received and held Tribune’s deposit of the aggregate purchase price for the shares, received the tendered shares, retained the tendered shares on Tribune’s behalf and remitted payment to the tendering shareholders, the Second Circuit concluded that Tribune was Computershare’s “customer” in connection with the LBO payments. + +In so holding, the court reviewed Bankruptcy Code Section 101(22)’s definition of “financial institution.” As noted above, that section defines “financial institution” to include, among other things, “an entity that is a commercial or savings bank ... trust company, ... and, when any such ... entity is acting as agent or custodian for a customer (whether or not a ‘customer’, as defined in section 741) in connection with a securities contract (as defined in section 741) such customer.” (Emphasis added.) Because Section 101(22) “plainly states that its definition of ‘customer’ is not limited by” Section 741, the Second Circuit concluded that Section 741’s “specialized definition of customer” does not apply when determining if an entity qualifies as a financial institution.10 + +Instead, the court adopted the plain meaning of “customer,” referring to prior Second Circuit precedent: “We have previously recognized that the ‘core’ ordinary definition of ‘customer’ is ‘someone who buys goods or service.’”11 Moreover, the Second Circuit also noted that Black’s Law Dictionary’s “more granular definition” of the word includes “a person ... for whom a bank has agreed to collect items.”12 Under either definition, the Second Circuit was satisfied that Tribune qualified as Computershare’s customer. + +Step 3: Computershare as Tribune’s ‘Agent’ + +Finally, the court considered whether Computershare acted as Tribune’s agent in connection with the LBO, as required by Section 101(22)’s definition of “financial institution.” Here, the Second Circuit stated that “the parties have not identified any reason why the term ‘agent,’ for the purposes of Section 101(22), should be given anything other than its common-law meaning” and accordingly applied the common law definition. Under common law, agency “arises when one person (a ‘principal’) manifests assent to another person (an ‘agent’) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act.”13 + +Once again applying the facts to the law, the Second Circuit determined that Tribune demonstrated its intent to give Computershare authority by “depositing the aggregate purchase price for the shares with Computershare and entrusting Computershare to pay the tendering shareholders.” And the court determined that Computershare demonstrated its assent by “accepting the funds and effectuating the transaction.” Finally, “as the transaction proceeded, Tribune maintained control over key aspects of the understanding.” Thus, Computershare acted as Tribune’s agent in connection with the LBO. + +Based on this three-step analysis, the court held that Tribune fit into the statutory definition of “financial institution”: Computershare (a bank and trust company) acted as an agent for Tribune (its customer) in connection with the LBO (a securities contract).14 The Second Circuit concluded that the transfers Tribune made to the selling shareholders were therefore covered by Section 546(e) as “settlement payments” “made by or to (or for the benefit of)” a “financial institution.” + +Takeaways +As the first circuit-level decision to endorse the customer defense, the Second Circuit’s Tribune decision reinforces the strength of the defense after Judge Cote’s seminal opinion applying it. With these two important decisions now on record, the customer defense is likely to continue gaining momentum. And parties structuring LBO’s will likely seek to retain federally recognized financial institutions to act as their agents in holding and distributing the various forms of currency in such transactions to ensure they meet the “financial institution” and “customer” criteria methodically articulated by the Second Circuit. Moreover, litigants will likely continue to parse the language of Sections 101(22) and 546(e) as they argue over the parameters of the customer defense. + +_______________ + +1 See “Bankruptcy Code’s Safe Harbor ‘Conduit’ Defense Eliminated by Supreme Court; Variant Defense May Survive” and “District Court Applies Section 546(e) Safe Harbor to Customer of Financial Institution, Revitalizing Key Defense.” + +2 Each of the “customer” and now-defunct “conduit” safe harbors originate from Section 546(e) of the Bankruptcy Code. This provision bars avoidance of “a transfer that is ... a settlement payment ... made by or to (or for the benefit of) ... a financial institution ... in connection with a securities contract.” The Supreme Court’s Merit decision held that this safe harbor does not protect transfers in which financial institutions served as “mere conduits” for the overarching transaction. + +Section 101(22) defines “financial institution” to include “an entity that is a commercial or savings bank ... trust company, ... and, when any such ... entity is acting as agent or custodian for a customer ... in connection with a securities contract ... such customer.” (Emphasis added.) The “customer defense” invokes the safe harbor based on this definition. + +3 In re Tribune Co. Fraudulent Conveyance Litig., No. 13-3875-CV, 2019 WL 6971499, at *9 (2d Cir. Dec. 19, 2019) (Tribune III). Skadden currently represents, among others, certain of the selling shareholders in the underlying action, as well as members of the special committee for the board of directors of Tribune Company. + +4 We previously discussed Judge Denise Cote’s April 2019 decision applying the customer safe harbor to dismiss federal constructive fraudulent conveyance claims arising from the Tribune LBO. See In re Tribune Co. Fraudulent Conveyance Litig., No. 11MD2296 (DLC), 2019 WL 1771786 (S.D.N.Y. Apr. 23, 2019) (Tribune II). + +5 In re Tribune Co. Fraudulent Conveyance Litig., 818 F.3d 98, 120 (2d Cir. 2016) (Tribune I), opinion amended and superseded, No. 13-3875-CV, 2019 WL 6971499 (2d Cir. Dec. 19, 2019). + +6 See Deutsche Bank Tr. Co. Americas v. Robert R. McCormick Found., 138 S. Ct. 1162, 1163, 200 L. Ed. 2d 735 (2018). + +7 Tribune III at *7. + +8 Id. + +9 Id. + +10 Id. + +11 Id. + +12 Id. + +13 Id. at *8. + +14 The Second Circuit also disposed of the appellants’ argument that a portion of the transfers made in the LBO were not “in connection with a securities contract” because they involved the redemption, rather than the purchase, of shares. The court reasoned that “redemption” in the securities context means “repurchase” and further noted that Section 741(7) defined “securities contract” broadly to include the repurchase of securities. Id. at *9. As a result, the Second Circuit concluded that all of the payments at issue, including the redeemed shares, were “in connection with a securities contract.” + +This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws. +I'm 59, divorced, no kiddos, no mortgage, vehicles paid for, zero debt, live on SSD (about $20K gross yearly) as well as minimum mandatory distribution from beneficiary account. I have two managed retirement accounts (one is my own IRA and the other is an ABO beneficiary IRA) and a TDA account I dabble in myself. TDA account is **64% MSFT** ($87K+), 23% CLOV ($31K+), the remainder in pennies (I know, stupid). The unrealized gain for MSFT this year is almost $17K and still have the rest of the year. One plan is to hold until Spring of 2022 then possibly shave MSFT and diversify. OR, hold MSFT for life and just invest in other growth companies, ETFs, REITs, etc with divies. Personal goal in TDA account is $500 a month in divies but I \~ know what kind of investment that takes. Comments and opinions greatly appreciated. BTW, MSFT is in my managed accounts. Just not the % I have in TDA of course. +Hi Reddit, I'm a 17 years old boy coming from Italy who would like to start investing the next month (when I will turn 18). I've already searched a lot about the topic because I liked it. + +I was considering investing in ETF as my age could be a great factor considering the compounded interest. The point is that probably next year I will go to study in America and I'm not sure about where I'm going to live after my bachelor's degree yet. Thus, I don't know which app (where I should buy this ETF) could be the best as well as which type of ETF should I choose (I was thinking about a not so risky S&P 500, but don't know which one) + +I will start with an investment of 5000 euros if it could be helpful to know. + +&#x200B; + +Do you have any tips concerning my situation? + +Which app do you suggest? + +Which ETF could be the best one (I would like to go very risk-free, using it as a sort of saving account)? +We NEED food. Yesterday. I keep planning to go and one time I even went and just stood outside and couldn't bring myself to go in. How do I convince myself to go in? Planning to try again Saturday... +I'm a 36 yo specialist surgeon, 2 years into practice, and just starting the FIRE process. As with any physician, I'm burdened by a late start and student loan debt. I live in a VHCOL area, with a wife who is just finishing her professional training and a baby. + +&#x200B; + +Here are my numbers: + +Income: My 2019/2020 salary has been $400-500k/yr, starting from 2021, my base will be $637,500/yr, plus a future annual performance bonus that ranges from $250k-$700k (based on production in prior years). There is a partnership track I am on, realistically will take about 10 years to achieve. + +My wife will be starting a job soon (part time) and should be bringing in about $100-150k annually. We paid off about $150,000 in debt aggressively (credit card debt, student loans, personal loans) within the first year or so of my work. + +Assets: + +Savings: \~$90,000 + +Retirement (401k): \~$80,000, maxed out personal contribution with 3% profit sharing from practice + +Taxable investments: \~$53,000, contributing about $5,000 monthly + +Ownership shares in a Surgical Center: $90,000, will translate to distributions in hopefully 3 years + +Total NW: $310k/\~$140k liquid + +Debt: + +Rent - $3k/mo + +Childcare - 0 for now, but will be probably 2k monthly when my wife starts working + +Insurances (disability/term life/auto/home) - $1.5k/mo + +Cars - $650/mo lease, another 5yo car paid off + +Other bills (utilities, personal use) - $1-2k/mo + +Combined student loan debt: $450,000, paying off $7k monthly at least, plan on having this paid off by 2027. + +&#x200B; + +Although, at this point, it's hard to imagine retiring early, I do want to make steps, aside from increasing my annual income, to grow my net worth aggressively. + +&#x200B; + +I do plan on purchasing a house in the near future (1-2 years), probably in the 1-1.5mil range. I would like to diversify my investments in physical real estate as well, both residential and commercial/medical. + +&#x200B; + +What other early action steps are important to take? Other tax-advantaged account options? Considerations for the future of my baby? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Curious what the sentiment is. + +These last 30 days have been brutal for me, having a hard time finding volatility to trade, on the trades I have made I'm seeing a lot of losers that should have a 90% chance of winning - theta decay is getting dwarfed by random spikes in volatility that don't simmer down, coupled with a handful of positions where 10 delta shorts get breached. + +I'm thinking about sitting on the sidelines for a bit until this market volatility increases. + +What are you all experiencing, and what have you been trading? +I see it a lot on this sub. Someone will say that their target return is 2% a month and someone will attack them for it and tell them it is unsustainable and that they’d be extremely wealthy if they could sustain that for a long time. There are a few reasons why this is incorrect. Here they are: + +As retail traders, we have the advantage in that we can move in and out of positions in a few seconds. Guys like Warren Buffet can’t do that. + +We are able to invest in smaller companies and take advantage of their potential growth whereas Berkshire can’t really invest a large amount of money because the companies are so small that even if they were to double, the returns would be minimal. + +You can take larger risk when you have a small account. This has the potential for higher rewards. Billionaires are not looking for ways to compound their wealth at crazy high percentages. They care more about slower and steadier growth without much risk. + +The last point I want to make is specifically about options. I believe that options, if used correctly are a great way to grow your money at a high rate (20%+) without taking an insane amount of risk. Hedge funds with billions of dollars can’t actively trade options like we can. As an example, the AAPL $100 PUT 11/20 is going for about $2 in premium right now. Today there was about 2000 contracts traded. That’s $400,000. The largest hedge fund, Bridgewater Associates, has about $138 Billion in Assets Under Management. $400,000 is literally only 0.0003% of total assets. It’s just not possible for them to make money trading options. + + +So in conclusion, getting a high return is completely possible. You just won’t be able to get that return once you become a billionaire :) +I was wondering if anybody here has been running the wheel on a 7 figure account or a little bit less. Are you guys trading a different strategy or simply expand on the classic .30 delta 30-45 DTE. +I’m a FI 35F and find it impossible to find other people my age that are in anyway responsible with their finances. Is this just something I’ll have to compromise on? +I've had a tough decade of not saving very much, before lockdown came along and miraculously solved all my problems (except making me fat and depressed, but that's another story). + +A friend of mine invested in a big basket of - I think they're called ETFs - with a large highstreet bank and has done ok with it. + +Can Reddit do any better? It's getting ridiculous just having it sit in my day-to-day bank account. +It’s been about 3 months since my [previous post](https://www.reddit.com/r/financialindependence/comments/9qohfj/35m_32f_no_kids_with_165m_net_worth_semiretiring/) which garnered a fair amount of attention, so I thought I would post an update for those interested. + +Thus far, things have gone quite well. One of the biggest developments is my previous employer, who had offered me a lowball contracting rate which I rejected, came back to the table. We agreed on a fair rate and I’ve been averaging about 20 hours/week of work for them, while going on-site a few days per months. I’m very happy with this arrangement and they seem to be as well. In addition, I do about 5-10 hours/week for a former colleague. This feels like a good amount of work per week, and I’m looking to maintain that. + +Otherwise, I’ve enjoyed the additional free time. My wife goes on morning walks and I try to join her frequently. When the weather was nice we went hiking once a week. It’s wonderful to go shopping in the middle of a weekday (although stores can still be surprisingly busy). I am very rarely bored. My wife struggles with this more than me. Obviously I am still doing a fair amount of work so that’s to be expected, but I think it’s also our personality types (she has said I’m easily entertained and that’s very true). She has considered either volunteering or finding a part-time job, and I’m supportive of either. + +Regardless of this, I think both of us are happier--not hugely, but noticeably. We often comment that even if we’re bored, it’s so much better to be bored at home than stuck at work with nothing to do but having to act busy. I’ve also noticed that I no longer find myself dwelling on the next phase of our lives nearly as much. We had always planned to only stay here a year or two, but I’m not constantly thinking about that next move like I used to. And I guess this is obvious, but there feels like very little difference between weekdays and weekends now (one downside: that wonderful feeling of it being Friday is gone). The days seem to go slower, but since I’m enjoying them more, it’s a good thing. + +With the rough stock market, our net worth had declined from ~$1.65m to ~$1.55m, but has mostly recovered. Anticipating this semi-retirement for a while, I had been doing a bont tent for the past few years and our asset allocation was down to ~50/50 stocks/bonds, so it didn’t affect us as much as it could have. + +Another thing I’ll mention, which I’m sure is of interest to many here, is health insurance. I was fully prepared for the coverage to be poor, and for it to be a struggle to get much of anything paid for. What I _wasn’t_ prepared for is it being such a struggle just to get signed up! The healthcare.gov website worked pretty well. I knew all the rules and got everything submitted very early on. A few days before the first of the month when my coverage was supposed to begin, I called the insurance company just to confirm everything was ready to go. It was quite a rude awakening when they told me they had no information about my enrollment. Apparently it takes weeks to get that data from the Marketplace. Eventually it did come through, and the coverage was retroactive to the first of the month...but they somehow omitted my wife. It took all the way until the end of the month to get that resolved, and until the middle of the next month for the bill to be correct. +I’ve been trading live with a prop firm for a five months now. The first couple months I made 15% profits and felt like I was on my way to becoming a successful trader. Then I was on my way to my first negative month. And since there is a high water mark, I forced trades towards the end of the month in order to get over my high water mark and a potential level advancement, which resulted in me being down 20%. Did the same thing the next month then down 30%. Finally, during a time where I was going through a lot of stress outside of trading and maybe shouldn’t have been trading to begin with, I traded anyway. When trump tweeted he the talked for stimulus are at a halt and the markets pulled back I went short AUDJPY without following any of my strategies at 75.22 with 100k quantity, thinking I would get back over my high water mark with a relatively big position, it didn’t happen. + +And no, I had no stop because I just knew it would get me at least half way to my high water mark, it didn’t. First time I ever made that mistake. + +So I ended up holding the position for the rest of the week in hopes that my position would at least pull back to my entry. But it didn’t, Instead it rallied. + +Then finally on Friday I got a message from my risk manager telling me my account is up for liquidation being down 66% and he closed my position at 76.50. The part that hurts the most is today my would have been position is finally pulling back, but it they closed my position. +Right now I’m down but not out and any serious on what you all think my next course of action should be would be helpful. Thx +Yup got my rents this month, all I hear are my finance friends freaking out about how their stocks are down should they sell etc. + +Don't hear a single one who said oh it's so much work being a landlord why would anyone want to do that? This right here no matter what people need a place to live. + +Hopefully tenants can keep working. +Be safe out there. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +A month ago I posted about the [highest ATM monthly put premium options](https://www.reddit.com/r/thetagang/comments/imt52e/heres_12_companies_with_45_dte_put_premium_15_of/). That might be cool but most of us here want to wheel a company that is sure to exist in 5 years. + +Here's 12 of the cheapest Jan 2022 Call LEAPS that's around 95% OTM. + +|Ticker|Stock Price|Strike|Bid|Ask|PctOptionStrike|% OTM|Vol| +|:-|:-|:-|:-|:-|:-|:-|:-| +|BAC|$25.3|$50C|$0.2|$0.21|0.4%|97.6%|135| +|JPM|$101.02|$195C|$0.72|$0.86|0.39%|93.0%|108| +|TAK|$17.82|$35C|$0.05|$0.15|0.29%|96.4%|46| +|CSCO|$39.85|$75P|$0.16|$0.18|0.23%|88.2%|30| +|GILD|$63.78|$120C|$0.51|$0.61|0.48%|88.2%|25| +|CME|$169.35|$330C|$0|$0.4|0.12%|94.9%|24| +|EPD|$17.04|$32C|$0.03|$0.17|0.25%|96.0%|21| +|HAS|$89.21|$170C|$0.81|$0.94|0.46%|90.5%|18| +|AFL|$38.16|$75C|$0|$0.25|0.13%|96.6%|15| +|CVX|$74.07|$140C|$0.13|$0.8|0.35%|89.0%|12| +|USB|$39.08|$75C|$0.25|$0.44|0.27%|91.9%|11| +|AXP|$106.22|$200C|$0.8|$1.09|0.5%|88.29%|5| + +Imagine you're wheeling a promising stock. There's always a chance the stock blows up 40% in a month (happened to me with LTHM), and it might never drop back to the range where you were wheeling before. + +Here's where these cheap LEAPS come in. At such low prices of 0.2% - 0.5% of strike price, a weekly 0.3-0.4 delta covered call or short put typically pays for one of these 90% OTM Call LEAPS with change to spare, and these are valid for another 15 months. + +These options are found using [FDscanner](https://fdscanner.com/) (disclaimer I built it), with the scanner parameters + +\- Expiry Jan 2022 + +\- % OTM: 85% - 99% + +\- Option Price/Strike Price: 0-0.5% + +\- Calls only + +These LEAPS will give you the peace of mind that some upside is captured even on extreme upward movement. You could also set the scanner to find less OTM calls eg (45%-55%) at a higher cost, or find companies with cheap 50% OTM puts. Or increase the Option Price/Strike to a larger range (eg 0-2%) to find more companies. + +Dozens more companies fit the criteria: BUD, KRE, BUD, T, MPLX, SCHW, though their option volume is just 1 - 5 for Friday. Possible the number might break 3 digits but is not captured on the scanner due to them having 0 volume for that day. + +In general if you think a stock is trading at deep value, or is at cyclical lows and wish to wheel it, it's worth looking into jan 2022 option chain. + +It's also worth looking at these leaps on its own, especially if they're in industries that can have positive black swans like pharma (eg GILD) or oil. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +This is sort of a follow-up post from yesterday's compound savings threads. A lot of people have talked about how you can save more money in the long-run by buying clothes and shoes that last a long time instead of buying cheap items which frequently need replacing. + +I feel like I have the money, but not the know-how to make this change. I don't know what clothing/shoe brands are high quality and made to last, and which are expensive purely because of marketing reasons. + +I tend to be a casual dresser anyway, but especially so this year. Where can I get quality trainers/jeans/tshirts etc. which look nice but won't need replacing for years? + This is purely speculation. Some of this will be talking about the world outside of cryptos - specifically other markets, equities, and a bigger picture. If that's not allowed on this subreddit, totally understood, but I thought I'd bring an outsiders perspective to this, since I am utterly unsurprised by the events of the day and have been expecting this (or something like it) for some time. + +This is not meant as financial advice. Do your own research. Make your own decisions. If you think I’m right, great! Act on it. If you think I’m wrong, great! Act on it. Do your own thing. I'm just some guy on the internet, and my opinions are about as valuable as a guy spinning a sign on a street corner. + +Finally, this is not intended as a FUD post - if you come to the same conclusions I have, there will certainly be fear involved, but hopefully no uncertainty or doubt, and you can make decisions that lead to healthy financial outcomes for yourselves and loved ones. I’d like to post a TLDR that everything is going to be okay at the end, but I don’t necessarily think that’s going to be the case. I think scary and volatile times lay in our immediate future. I have no crystal ball, and whether that's tomorrow or 3 months from now I don't know, but I think we're facing choppy seas. + +I believe we're about to see a major market correction, and the volatility in cryptocurrencies is just the beginning. I believe this will hit every sector of the economy, from housing prices to the value of the USD. I believe cryptocurrencies in particular will see extreme volatility, both in a downward trajectory and later, an upward trajectory. + +Here are some core premises this speculation will be based on. + +1. Cryptocurrencies have not yet found a price equilibrium that reflects their ultimate value. Currently, they are a speculative asset. + +2. Despite not having to file their positions on their 13F forms, hedge funds and investment banks are very much involved in cryptos. + +3. Cryptos are a relatively unregulated market, which makes pump and dumps a much easier prospect. + +4. In their current form, cryptos have not achieved any real detachment from the US dollar. Meaning, that when the market goes up, cryptos go up, and when the market goes down, so do cryptos. Their promise of breaking from the USD an becoming an intrinsically stable currency appears to not have matured for the moment. + +Here are some ancillary premises. + +1. In order to shore up the economy during covid, the government did a few things: it started loaning money at 0% interest like crazy, and it reduced collateral requirements to increase liquidity in the marketplace. + +2. Collateral is heavily rehypothicated right now. An example of this goes as follows: company A has a 20 year treasury bond. It’s keeping it on its books as collateral to meet its margin requirements so that a lender will give it money to invest on margin. Company A then proceeds to lend that treasury bond to company B. Company A keeps it on its books though, because they can recall it as collateral any time they need to in order to meet their own collateral requirements. B now goes to a lender and says “hey, I have this treasury bond as collateral, will you lend me some money?” This process is repeated several times, until you eventually have an absolutely massive amount of margin being lent out on a single treasury bond serving as collateral. Go take a peak at the repo market. People are literally paying borrow US Treasuries to hold as collateral because collateral has been so overleveraged. + +3. During Covid, the economy has suffered. unemployment is up, supply chains have been stressed, companies have been going out of business, and savings have actually gone up for the lucky people who have been able to hang on to their jobs, and they're not out spending money. This has lead to an abnormal situation in which the stock market, which is typically (at least loosely) tied to the economy and goes up or down in tandem with the economy as a whole disconnecting - meaning that while the economy is doing poorly, the stock market has boomed to a new ATH at an unprecedented rate. + +4. Margin debt in the financial markets has seen an enormous spike in the last year. The market as a whole is extremely leveraged - which means that small events can have enormous impacts, and wider market implications. + +And finally, here are some more speculative premises. These concern what I believe is, and will be the catalyst, and the hope for crypto in the future, but they're not essential for the argument that the market correction is imminent. + + + +1. Naked short selling is an enormous problem facing the US financial markets. To understand why, it's important to understand the difference between short selling (locating and borrowing a share, selling it, and promising to buy it back later on the hopes of a lower price), and naked short selling (creating a synthetic share that was never issued by the original company and selling it). +2. Naked short selling has long seen lax oversight by the regulatory agencies. Through a series of revolving doors and allowing the markets to run their own regulatory agencies, this enormously profitable business gets a blind eye from the regulators tasked with stopping it, because those same regulators are ultimately also the ones who profit from it when they move back into the private industry. +3. Naked short selling is the financial equivalent of creating a counterfeit share, selling it for profit at the cost to the shareholders and company, and having 0 intention of paying it back. This tanks company value, and effectively steals value from actual shareholders. It has been used for decades to drive companies out of business. Occasionally, you get a company like Overstock that beats the odds and sees a short squeeze followed by a share price resurgence, but it frequently results in a company going out of business. +4. Naked short selling can be hidden in a variety of ways. While people frequently turn to the short interest as a way to examine how shorted a company is, there are a variety of methods that market makers can employ using options chains to create FTD's (shares that are a failure to deliver because they never had them in the first place, and never intended to find) and then recycling those FTD's ad-infinitum until the targeted company goes bust. +5. When Covid hit, several hedge funds, banks, and market makers decided which companies they were going to short into oblivion, and profit off of their demise. They picked companies that would in theory be particularly hard hit by a reduction in customers that were used to entering a physical location. +6. For many companies, those efforts failed. The companies did not go out of business, and these Hedge funds and market makers find themselves in a position where they cannot close their positions, they are losing money every day. The two most well known companies in this position are AMC and GME. +7. Shorting a company exposes the short position to infinite loss. +8. There has never been a perfect storm of a short squeeze as GME. AMC may squeeze to a lesser extent - but it has no where near the amount of shorts that GME does. +9. There are a variety of catalysts that can cause GME and AMC to squeeze. Contrary to common opinion, the surge in share price in January and February was due to what's called a gamma squeeze, not a short squeeze, and the shorts have not covered. + + +Which brings us up to today. I believe that multiple hedge funds and market makers are in very deep on their short positions, and that they are fighting on a day by day basis at this point to stay solvent. I believe that if the US financial market is the overloaded and unstable Jenga tower, these companies are the live hand grenade placed on top of the tower, and have had the pin pulled. + + +However, whether or not they're the catalyst is relatively unimportant in the overall picture - the markets are over leveraged on crazy high margin right now either way. There was a liquidity test last week, and the results were not published, but the markets have been...sketchy at best since then. Because of how over leveraged the market is, I believe that virtually any hedge fund that gets margin called is too big too fail, because it's walking on that much of a knifes edge. And when it comes down, it's going to take everything down with it, from the real estate market (both commercial and residential). I believe that speculative assets in tech and crypto are going to be particularly hard hit. The house of cards is staggering like a drunk man that just got hit in the head, and doesn't know that he's bleeding internally and about to die of an aneurysm. + + +So why did Crypto across the board see such a huge (and similar across different currencies) dip followed by a massive rebound? Because as a largely unregulated asset, it's extremely ripe for pump and dumps. Hedge funds can use it to inflate their assets on paper and get access to margin. + + +And I believe that yesterday they got margin called. GME has been sitting above what the speculated margin call price should be for a day or two now (although nobody is certain what the exact price is at the moment, the speculation is between 170-180) and their lenders were demanding better collateral than the crypto they had on their books. When you get margin called, you have some time to come up with the required collateral before it's considered a default and your broker starts liquidating your positions. I believe they met their margin requirements this morning, managed to hold off default for another day, and immediately started pumping crypto again. They simultaneously shorted GME down and dropped the price from $180 to $165, thus probably lowering their margin requirements as well. + + +Again, I can't stress this enough: while I believe that GME and the hedge funds and market makers massive short position is involved, the argument that a bunch of hedge funds got margin called yesterday is not dependent on that - the market has been dipping the past few days, and it could simply be a matter of being over leveraged and seeing a few red days in the market that caused a margin call. All of the people all over the world that have been buying GME at unprecedented rates for the past 4 months could be totally wrong. But even if they are, this crypto dump still has the looks of a margin call. Both BTC and ETH have dropped over 50% from their ATH this morning before the rebound. The timing of hitting their low points 3 minutes before OCC-007 (which raises collateral requirements for the month) came into effect seems telling to me that somebody was really close to going under. + + +And I believe that this is the first of many margin calls, and eventually, somebody is going to default, and the dominos will begin to fall, leading to a massive market correction (or collapse, depending on how you want to look at it) that leaves everybody hurting bad. + + +What happens next, and how I personally plan to respond is more up in the air. The Fed can respond to this in a variety of ways. They can opt to fire up the printer and start devaluing our currency to try and buy our way out of debt with a worthless USD, or they can opt to embrace the pain and raise interest rates and create a few decades of pain and stagnation while we dig our way out of a deep depression through long term austerity. Whether or not I (and everybody else betting on the GME thesis) are right will also play a big role in what happens next. If we are correct, it's going to create what is essentially a black hole for liquidity in the markets, as money flows out of the hands of the wealthy and leaves big reliable blue chip companies, and moves into the hands of GME holders. If that's the case, money is going to be flowing into the hands of people who have a deep, deep distrust of the US financial system and the regulatory agencies, and I anticipate a massive boom in crypto's as people look for places to store their money outside of US financial market control. If my speculation is correct, we'll see bitcoin hit the teens (or maybe even single digits) before they begin to climb back up, and we'll eventually see surging and setting new ATH's in the near future afterwards, and a similar story for ETH. I'm less certain about the less well known coins - my assumption is that they will not see nearly as much of a rebound as BTC and ETH, but who knows. + + +If the GME thesis is not correct, but the economy does crash and the fed Fed fires up the printer, I still anticipate a huge rebound in crypto - it is, afterall, still ripe for pump and dumps, and at the end of the day, it is in theory a pretty good place to store value in an inflation resistant location. + + +If the Fed opts to raise interest rates and embrace deflation over at the opposite end of the spectrum though, than cash will be king and crypto will be utterly screwed for the next 5-10 years I'd bet. If hyper inflation is a great way of turning a Weimar Republic into a Nazi Germany, deflation and austerity are a great way of turning into Greece. Neither are great options though. Hopefully some smarter people can come up with something better. + + +TLDR: If the market crashes, which is very likely, Crypto is set to take an enormous dip with it. Every hedge fund that's dipped its toes in is going to dump it like a hot potato, and if you thought it dipped fast this morning when it dropped over 20% in an hour, what comes next will make your head spin. But for now, they met their margin call and live to fight another day. Eventually though, somebody is going to trip and the economy is going down with them. And when that happens the Fed will be forced to embrace either inflation or deflation, and I expect Crypto to rebound if they choose inflation. Additionally, if the theory of GME turns out to be correct, there's going to be quite a few new millionaires with money burning a hole in their pocket to be spent, and they'll be looking for speculative inflation resistant assets that are not subject to corrupt US regulatory agencies. There's always the possibility that over the next few months, companies slowly manage to deleverage and increase their collateral without causing a market wide panic for the exits, and simultaneously the GME theory of everything is wrong, and the markets continue largely as they have been now. + + +Whatever the case, I believe it's going to be a bumpy ride with more volatility in the near future, and I wish all of you the best. Good luck to everybody. +- Since the FY 2020-21, Indian domestic companies issuing a dividend aren't paying any taxes (DDT); dividend recipient is supposed to pay income tax on the dividend amounts. + +- He/ She will be paying the tax at their slab rates. + +- *I think* the corresponding income tax is to be paid every quarter - for the dividend payments received (or announced) till that time. However, it may be better to do it at least now (before end of the FY), + +Just wanted to remind the sub if anyone hasn't looked into this tax so far. I would think many people may not have paid advance tax as this category just started this year. + +Feel free to add any further notes. + +EDIT: +- If the dividend is more than ₹5000, the the company does a TDS of 7.5%. The percentage may be different for an NRI. + +- Here are the 3 sources where you can get dividend information + - Statement from your Broker, if they provide it. I know Zerodha does provide it as part of `Tax P & L` statement. But it didn't reflect all the dividends + - Form 26AS. It shows the dividend issued and TDS done. This is not accurate either. It could be that some companies have not yet started sharing the details with tax department. Or they may be waiting for the FY to be over. + - Statement from the primary bank linked to trading account. Typically, the transactions will be like (starting with ACH or CMS) + > ACH/TCSFINDIV XXXXXX/XXXXXXXXXXXXXXX + + > CMS/INFOSYS/INTERIM DIV 2020-21 XXXXXXXXXX +- As the dividend income is taxed at slab rates, your calculation to pay the advance taxes should be depending on your marginal tax rate. If the last ₹ you pay taxes for is in 20% bracket, it means, you will be most likely to pay 20% on the dividends (or 30%, if your dividend income crosses to the next slab) + +- I think for XML generated by the tax department could be prefilled with dividend payments/ TDS done on the dividends. `It's definitely a step in the right direction`. But as it's done for the first year, it's possible that + - dividends are not reported by all the companies at all, or not reported on time + - not filled accurately on the prefilled XML. + - confusing for investors on the advance tax payment, or even the final tax payment + +Edit 2: + - If you don't pay advance tax, you may end up in paying an interest while filing the IT returns. There may be some smaller allowance on the delta i.e. if the advance tax paid is less than ₹ X compared to the tax owed, you may not have interest. But I don't have the details on this. + +Edit 3: + +Here is a response I got from Zerodha on 9th March 2021 +> Thank you for writing to Zerodha. +> Apologies for the inconvenience caused. + +> We wish to inform you that our team is currently working on updating the dividends data on Console and this should be done in a couple of weeks time. We use the dividends data provided by the depository and we had found that the dividend details for some of the securities were missing. We've taken up this issue with the depository and are working to have all the dividend details updated correctly. We request your time and patience in this regard. +A few months ago there was a thread on luxury anti-aging/beauty products with some good recommendations like eating higher quality food and trying out the Deciem skincare line. Taking this a step further, has anyone had experience with slightly more dramatic measures? Botox / collagen injections? Chemical peels? Full on plastic surgery? CoolSculpting? I’m interested in exploring various options but not sure where to start. Is this something that a dermatologist / plastic surgeon would advise on? +I'm being asked to relocate to Shanghai from the US for 6-12 months for a high priority project, reporting directly to the CFO at a mid-sized ($8B revenues) multinational. It is a great career move for me, especially at my age and where I'm at in my career. That being said, I would like to have all the details before I make a decision like this. What kind of questions should I be asking before I accept this opportunity? + + + +EDIT 1: wow. i did not realize how many responses this would get. i can't wait to go through all of your comments. this subreddit continues to amaze me. you guys are awesome! (also please excuse the typo in the title - it should be *me) + + + +EDIT 2: it will help for me to clarify that i prompted this assignment. they needed someone to lead this project, but did not think i was mobile so i wasn't initially considered for it. i voiced my interest and they agreed in principal to send me (with a promotion). i still need to have a lot of discussions internally about specifics so i want to be prepared. thanks again to everyone for all the great input!!! +My plan is to invest now and keep my investments in stocks for 10+ years. With the market being volatile, I was wondering if now is a good time to start. +Everybody has their favourite shill coin. The golden one. You've done the research, bought the hype. + +But in reality look at the charts. Most of the coins, and in particular the top 20 coins, are highly synchronised. + +What does this tell me? +Whats the key to making money in 2018? + +Wait for it. + +Simply being in early is the key. +It was the key in 2017 and I expect it to be very much the case for 2018. + +Congratulations your job is pretty much done, you just need to add to your position ASAP. + +Pick a bunch of top 50 or even just 2 or 3 of the top 10 and enjoy the ride. Take a dart and throw it at the top list. I doubt you will lose. + +What's powering this ride. + +All the newbie investors, , those millions who have just opened accounts and dipped their toes in the market but haven't really put much in yet and the 10s to 100s of millions who will be joining the party soon from all over the world. A global mania. + +Is this slightly pyramidal scheme like? I think so. I don't think it will blow up too quickly though. + +Choose coins and platforms with long term use cases to hedge the risk . + +ALMOST everybody here (as long as you go for the BIG BRAND NAMES) can look forward to a good year or two as the FOMO goes mainstream and it gets easier and easier to invest in, use and trade cryotocurrencies . +○●○●○●○●○●○●○●○●○ + +**The Art of War, Section IV: Tactical Dispositions** + +*Sun Tzu said: The good fighters of old first put themselves beyond the possibility of defeat, and then wait for an opportunity of defeating the enemy.* + +*To secure ourselves against defeat lies in our own hands, but the opportunity of defeating the enemy is provided by the enemy himself.* + +*The general who is skilled in defense hides in the most secret recesses of the earth; he who is skilled in attack flashes forth from the topmost heights of heaven.* + +*Thus on the one hand we have ability to protect ourselves; on the other, a victory that is complete.* + +*What the ancients called a clever fighter is one who not only wins, but excels in winning with ease.* + +*He wins his battles by making no mistakes. Making no mistakes is what establishes the certainty of victory, for it means conquering an enemy that is already defeated.* + +*Hence the skillful fighter puts himself into a position which makes defeat impossible, and does not miss the moment for defeating the enemy.* + +*Thus it is that in war the victorious strategist only seeks battle after the victory has been won, whereas he who is destined to defeat first fights and afterwards looks for victory.* + +*The consummate leader cultivates the moral law, and strictly adheres to method and discipline; thus it is in his power to control success.* + +○●○●○●○●○●○●○●○●○ + +Why am I sharing this excerpt from 'The Art of War'? Because for pretty much the whole of this saga, Papa Cohen has had the following strategic approach: + +1) He has waged battle mostly in secret, hidden and giving very little away, not communicating with or through the media, and instead just sending out occasional cryptic twitter messages. + +2) He has thus not put himself in any situations to commit mistakes, protected and secured GameStop's financial position, and built a fortress like defense of the company that means defeat - the stock going to single dollar figures and/or corporate bankruptcy - is now practically impossible for the enemy to achieve. + +3) His overall approach has been *extremely* controlled, methodical, patient and well-disciplined. The enemy, both directly and through their attack dogs - the mainstream media - have tried to goad a tactical error from him, but have failed time and time again. + +○●○●○●○●○●○●○●○●○ + +He has adhered to the above approach for what seems now like time immemorial. To the extent that a deviation from this *modus operandi* is really quite shocking. However, over the last month or so, surprises are pretty much *all* Papa C has been delivering: + +A) On 9th February, for pretty much the first time ever, a tweet that is neither meme nor family related but about bigger picture macroeconomics: "Who will be the piñata for all this inflation? 🤨" + +B) Two days later on 11th February, following this up with an even *bigger* bigger picture tweet: "The reverberations of fiscal and monetary policy are likely to be more severe to humans than any climate or societal disaster 💀" + +C) This tweet starting off an emoji chain over the following couple of weeks that reads: "💀 🏴‍☠️ 🩳". Which many have interpreted as the reverse message/warning: "Shorts Aaargh Dead". + +D) Three days ago on March 7th, the sudden and extremely unexpected announcement that RC Ventures has purchased a large stake in Bed Bath & Beyond. So unexpected, in fact, that it lead some members of this sub to post erroneous DD that it was all an elaborate hoax concocted by the enemy. + +E) Accompanying the purchase, a letter to that company's board which - again for the first time - makes openly disdainful statements regarding the enemy and their accomplices: "We also believe management made an avoidable mistake in Fiscal Year 2021 by giving into WALL STREET’s short-term information desires and providing guidance" and "We dislike when a management team spends time accommodating WALL STREET, engaging with television pundits, and telegraphing forecasts to the competition." + +F) Over the last couple of days, openly critical and confrontational to the (most likely Wall Street planted shill) board and CEO of that company, beginning with: "No overpaid execs in the metaverse 🔨" + +G) Following that up with a first ever tweet with more than one sentence: "Sent letter to $BBBY board, got no response. Sent email to CEO asking for a discussion, haven’t gotten a prompt response. Too busy talking to expensive consultants?" + +H) After that, again for the first time ever, a self reply tweet which provided a live update on specific actions he is conducting in real time: "Finally got a response from $BBBY". These last couple of tweets were very intriguing for me, as it was the first time the veil of secrecy over what RC is actually *doing* was lifted...a sudden flash from heaven of an attacking raid he was carrying out! + +I) Finally, the very surprising announcement that Q4 earnings would be released on 17th March. GameStop has been following a very orthodox and systematic schedule to these, pretty much using the previous years' dates as the strict and disciplined template for future arrangements. I think we were all caught off guard by this announcement that it will take place a week earlier than anticipated. + +○●○●○●○●○●○●○●○●○ + +So my dear Apes, what gives? Why has Father suddenly, over this last month, changed his approach? He is seemingly acting far more boldly, aggressively even, and with much less of a guard up compared to the past. Not just his actions but also his words and style of communication is more attacking, transparent and far more frequent than before. What is going on??? + +Well, let me take you back to two of the lines from the section of 'The Art of War' that I included above: + +*Hence the skillful fighter puts himself into a position which makes defeat impossible, and does not miss the moment for defeating the enemy* + +AND + +*Thus it is that in war the victorious strategist only seeks battle after the victory has been won* + +RC's strategic approach has been so sound and consistent throughout the last 1.5 years, that I believe he would only change this as drastically as he has done recently...**if and ONLY if** he believes victory has now been set up. The strategy would then shift to "going for the jugular", which requires the tactical approach switching to one of: aggression, surprise attacks at unexpected times, keeping the enemy fearful and guessing what is to come next. I believe we are in that phase now, the final battle when... + +*He who is skilled in attack flashes forth from the topmost heights of heaven* + +**We are in the endgame, Apes.** + +○●○●○●○●○●○●○●○●○ + +Let me leave you with one final conjecture, which is an answer to the question: "Why now?" + +Perhaps with the markets undergoing a major correction, Papa thinks the enemy does not have as much leverage to continue waging war. Perhaps it is because utilisation of the stock has now been at 100% for more than three weeks, and he thus believes the enemy's ability to attack is weakening by the day. Perhaps he thinks the enemy's funding is being depleted, with their investors increasing uninterested in the fight and possibly under sanctions. Perhaps it is a combination of all of these, and many more factors weighing down on the warmongers. + +My theory, however, is down to the timing of when RC changed tack, which was two weeks after GameStop's Q4 ended. This also meant it was two weeks from the deadline for including DRS-ed shares. It is reasonable to think that ComputerShare would have been requested to notify what the total DRS number is by that Friday 9th February. What if the number reported to Mr. Cohen was the trigger that has given him the certainty and confidence that victory is finally at hand? And that the time for waiting is now done... + +○●○●○●○●○●○●○●○●○ +At this point, I think a flippening between BTC and ETH is more likely than not. Personally, I think the odds are really good, but even the most pessimistic view would probably give this at least a 50% chance of happening. + +So, for some friends who still hold BTC and are wondering when they'll know it's time to get into ETH, I offer the four horsemen of the flippening. + +1. Market Cap. In the past, I thought this was going to be the 2nd horseman, but now I think it's going to be the first. Largely because as market cap gets closer and closer, more folks will move their position from BTC to ETH. At some point in time, ETH's total market cap will equal BTC. That's the first sign that the flippening is here to stay. + +2. Transaction volume. BTC has first mover advantage and they're still the leader in this space. If a place accepts crypto, they accept BTC. Most places don't accept ETH, yet. So, when ETH's total transaction volume equals BTC's, that's the 2nd horseman. It means that folks are using ETH (or at least buying and selling it), AT LEAST in equal measure to BTC. + +3. Public realization that 1 and 2 have occurred is the 3rd horseman. At first, let's be frank, only a bunch of crypto-nerds like me will even know that 1 and 2 have happened. But when the media starts reporting that BTC is no longer king, then when new people enter the crypto space, they'll enter with ETH, not BTC. Likewise, folks who don't follow this stuff much, maybe own a few BTC but don't fully understand why, will start moving to ETH. + +4. The final horseman of the flippening will be a mad rush to the exits for BTC holders. This will be like a bank run as folks realize that the only thing keeping BTC in the business (that it is the biggest, because it was first) is no longer true, and that ETH is better at everything than BTC was. When BTC falls, it will fall incredibly quickly. It will probably always be worth SOMETHING. After all, Litecoin is worth SOMETHING, but I think a valuation of 10% off the current valuation, or maybe 5% or 1% isn't out of the realm of possibility. LIkewise, this will case an equivalent runup in ETH. The people selling are crypto enthusiasts and early adopters. They'll want to stay in this space, and the main likely alterative will be the space's leader: ETH. At some point during the 4th Horseman's arrival, 1BTC will equal 1ETH, but this will be largely meaningless, because it will happen not just because ETH is rising, but because BTC is falling. + + +I see these 4 things as inevitable. To me, it's not a question of "if", it's a question of "when". I'm totally out of BTC, because when these things happen, they'll happen so fast that people will truly not have time to react. + +Best of luck to everybody, including BTC HODLers. It's just that when you see these horsemen arrive, it's already happening. + +Or top paraphrase some famous words from the BTC world: This will be gentlemen. But only if you're in ETH. +If no one wants to work anymore. Employers cant find employees. Gas prices are really high. Cost of food is high. Mortgage rates are high. Everyone says we are headed into a recession yet theres traffic everywhere, people going on vacations, people traveling, malls are packed, people buying stuff, restaurants are full…. How? How are we going into a recession when everyone is spending money? Where is this money coming from? How are people able to spend money? +https://www.reddit.com/r/wallstreetbets/comments/352dm8/amd_is_opening_the_nasdaq_the_huge_financial/ + +So how many of you Chads are out there yachting with me? + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +. + +Just kidding I sold everything at 3 bucks. LOL +Regulators like to write lengthy, awkward sentences, so I’ll try to break it down. If you want to read it yourself, [have fun!](https://www.law.cornell.edu/cfr/text/17/240.17Ad-11) + +1. Who has to do something? + +>The recordkeeping transfer agent; in other words, the transfer agent who keeps track of the *master securityholder file*, which is the list of all shareholder accounts. § 240.17Ad-9. + +2. What triggers them to have to do act? + +>If there is an *aged record difference* exceeding $1,000,000 market value. An *aged record difference* is a *record difference* exceeding 30 days. A *record difference* occurs when the number of shares in the master shareholder list and the number of shares in the control book (the list of shares authorized/issued by GameStop) are different. When that difference exceeds $1,000,000 for 30 days, the transfer agent (ComputerShare) must act. +> +>(A *record difference* also occurs when a security transferred doesn’t match up with the details listed in the master shareholder file. So if a broker tries to sneak shares into CS’s direct registry by changing some numbers, and if those inconsistencies exceed $1,000,000 for more than 30 days, then ComputerShare must act.) + +3. What does the transfer agent have to do? + +>Report to the issuer of the security. Specifically, to the corporate secretary of GameStop. + +4. What do they have to report? + +>The dollar amount of number of shares that have caused the *aged record difference*, the reason for the *aged record difference*, and the steps they’re taking to resolve it. + +5. When do they have to do it? + +>Within 10 business days (i.e., a fortnight) of the end of the month when it occurred. + +So, if we register more than the appropriate number of shares that GameStop says should exist, and we maintain an inconsistency exceeding $1,000,000 for more than 30 days, then 2 weeks after the end of that month, GameStop must be alerted. + +Example: Registration reaches the maximum number of shares (76 million) and then we register another 5,000 shares ($1,000,000 if shares are $200) as of September 27, then it’s an *aged record difference* as of October 27 (if no one deregisters shares in that time, and if the price doesn’t drop enough that we exceed 76 million shares by less than $1,000,000). And 10 business days after October 31 or November 1, ComputerShare must tell GameStop about it. + +Example 2: If we don’t exceed 76 million shares by at least $1,000,000 until October 5, then we don’t have an *aged record difference* until November 4, and ComputerShare doesn’t have to tell GameStop until 10 business days after November 30 or December 1. + +**Tl;dr:** I don’t know if ComputerShare will act before it’s required to do so. But it isn’t required to report that we exceeded the number of existing shares until 45-75 days after we do it. I would not expect anything to happen next week. + +&#x200B; + +Edit: [Bonus post](https://www.reddit.com/r/Superstonk/comments/pulgwp/17_cfr_24017ad10g_heres_another_federal_rule_on/) +Which would make sense if I’m currently a fresh out of college grad and having an IT job ( Making $ 55k a year, and aiming to have a salary of $70k + in the next 5 years.) Currently, I’m putting 6% in both traditional and Roth ( Company will also match 6% in either traditional or Roth). Any suggestions or help would be much appreciated. Thanks! +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Mostly the essentials for your safety, feel free to ask about other topics in the comments. + +1) NEVER EVER share the 12-word recovery phrase you received at the creation of your wallet. In all honesty, you should probably not keep a digital copy around, but find (or buy) some piece of metal and keep your 12-word recovery phrase (also called a "seed phrase") on there. You ONLY ever want to use those 12 words if you are 100% sure that you want to restore the wallet on a new device. When in doubt, NEVER even type out these words, don't copy/paste them, just keep them non-digital. + + +2) On the flip side, if you want someone to send you anything (coins, tokens, NFT's), you should give them you wallet address. If you look at your GameStop Wallet it should have a number at the top that starts with 0x... and then a little button you can use to copy it. That is your public wallet address, it almost functions like a username. + + +3) Understand that the Ethereum blockchain, and by extension the Loopring L2 is NOT anonymous, but pseudononymous. What does this mean in practice? As long as nobody knows who owns the wallet with your 0x.. address, you can't be linked to your transactions/funds. However, as soon as you (for example) post your wallet address to reddit, EVERYBODY can at that point link your username to your 0x.. wallet address. Add to that the infinite searchability of the blockchain, meaning that every transaction ever is permanently stored and can be recalled as long as the blockchain exists. This means that, if for whatever reason you can be linked to your 0x... address, everyone can at that point instantly find out all of the transactions you ever performed, AND get a very clear understanding of the collection of coins/tokens/NFT's you hold. Even posting a secondary 0x address and transferring between this address and your primary 0x address doesn't help, as the blockchain would clearly show that these two wallets are owned by the same person (due to the number of transactions between them). + + +4) Your coins/tokens/NFT's don't line 'inside' your wallet, they live 'on the blockchain'. Think of your wallet as a way to 'access' them, or as a way to interact with the coins/tokens/NFT's stored on the blockchain for this specific wallet address (another reason why tip 1 is so important). This implies that you should be fairly careful about connecting your Gamestop wallet to any service. What do I mean? When you visit specific websites, you can allow these websites to 'interact' with your wallet app in order to be able to use the DAPP (Decentralized-App) with your wallet. I suspect the Gamestop marketplace will function in that way, but since you are on the ethereum blockchain, your can technically interact with every ethereum dapp. If this is all too much, remember this: whenever any website asks to 'connect' to your wallet (mostly because your wallet app shows a pop-up you can confirm), think really hard if you actually want this. + + +5) This one will be the scariest, but is maybe one of the most important ones. Expect that the device you have the wallet on WILL be under some kind of digital attack eventually. There are loads of malware floating around, tracking devices that interact with crypto related services/websites. What you should watch out for: +- Never click ANY link you don't 100% trust using the device that has your wallet, it's easy to obtain relative control of your device in this way. +- Always doublecheck if you copy-paste 0x addresses if the pasted address is correct. Malware that detects and changes 0x addresses when pasting them is sadly very common, and if you're not extremely careful, you will encounter it eventually. +- Consider using a hardware wallet to setup your Gamestop wallet. Yes, this would involve you setting up a new wallet with the hardware device (e.g., a trezor or a ledger), but after that anyone wanting to interact with your wallet NEEDS access to your hardware device (as long as you don't restore the wallet to a software wallet using the 12 word recovery phrase, see tip 1). + +I hope that these basic safety tips can prevent some people newer to this crypto world from being scammed or losing funds. Keep these in mind, and you'll be absolutely fine! Final tip, DRS your shares!!! +This may be asking for career advice, but I think the people in fatFIRE might actually have really good insight on this topic + +Lately I've looked at my life in Canada and thought "wtf am I doing trying to 'make it' here? It's foolish to do this in such an opportunity lacking nation. Something has to change" + +My understanding of the Middle East (such as Dubai, UAE etc) is that they're dying for good North Americian talent and pay handsomely for it. If this is the case, I'm willing to take advantage of it. + +I'm late 30's, no kids, work for a tech vendor as a Technical Account Manager, making good money but am looking for a solid 3-5 years of insane money. + +Is my perception warped; that if you took the same job here in N.A. and stuck in the M.E. you simply add a multiplier to it? + +Example, you make $200k/yr as a TAM working on large clients.... In Dubai or UAE it's $600k/yr? + +If there's that much oil money going around, I am willing to shift my life to get a piece of it. + +Edit: added more context +Partially because of the influx in interest shown though my inbox due to the profession thread here, partially because of the dope flair I can get for doing this, and partially because I am clearly a narcissist and like attention I am hosting an AMA! I also am procrastinating hardcore. + +I am an analyst at a hedge fund where we go long and short equities, and I analyze pretty much anything for my managers. My situation is somewhat unique because I'm allowed to invest alongside the fund in my own ideas and I like to think my portfolio managers listen to what I'm thinking. I really like my job and intend to stay in finance for the foreseeable future, and hopefully one day I'll start my own fund. + +Other than equity investing I've advised a couple of start-ups on their business practices and capital raising, but I am by no means a good resource here. + +Ask away, + +**EDIT** WHEW! These AMAs are tough. I'm done for the night but since I'm addicted to reddit I'll probably check any new replies, and there are a few comments below I still want to respond to when I am in the right frame of mind! Thanks everyone for your interest, I only hope I could help you guys out with your questions enough to justify dedicating a thread to myself + +**EDIT 2**: Thanks for all your interest everyone! I'm glad to help and will still be reviewing this thread but think things are finally winding down, but if it's a useful question for others ask it still! **Also, a quick side-note: If anyone knows Veronica Vain can you tell her a semi-successful, self-proclaimed handsome analyst wants her bad?** Thanks again, and good luck to all those aspiring analysts and students +You did your own due diligence, right? You invested money **THAT YOU ARE OKAY WITH LOSING 100% OF, RIGHT?** + +As much as I truly do love more people joining this community and the movement; I just want to caution all the new investors (and potential shills) that this community is absolutely not a place that offers any serious financial advice. We DO offer some God-quality resources for you to read and if you decided, making an investment of your own free will. + +We are 🦍 +I am not opposed to hard work and dedication, I have ~90 credits in college but haven't gone in 1 year. Most of these credits are in social sciences towards my associates degree in criminal justice. + +My steps I can infer myself are: + +Find a better paying job as is + +Learn a skill to improve job hours, regularity and open my schedule for schooling. + +Find an affordable school in South East Pennsylvania where I will be eligible for in state tuition in 10 months + +I am aware of MIT's advertised free Online Courseware and have an interest in computer science, health/nutrition as well as math. I just don't know the path of achieving and completing these steps so to apply them in my overall goal of financial progress. What are my options to advance my career away from retail management, and educate myself into a position where I can choose a career path that is more fulfilling and financially secure? + +I am aware many people are on here trading tips on stocks, putting away for retirement, playing with amounts of money I don't make in a year and that's GREAT, I can strive for that but first and foremost my goal is to continue to feel stable on my feet, as I currently feel that something like my car breaking down, or substantial speeding ticket for instance would result in financial ruin. + +Edit: I just want to say thank you to you all +**EDIT:** I wrote this up 12 hours ago, but I had trouble getting it past automod for reasons. Hopefully it's not too late to be helpful to the thousands of new folks checking us out. + +This is a post for those of you who might have seen our artwork on \*place\* and are wondering why so many people are passionate about both GameStop and fighting Wall Street corruption. + +First, GameStop--here are the fundamentals of the company and why I feel it's a viable investment opportunity. + +Consider the following: + +1. GameStop has zero debt (save for a small loan in France associated with pandemic relief) +2. $1.5 billion in cash on hand +3. rock star Chairman of the Board, Ryan Cohen, who built [chewy.com](https://chewy.com/) in his 20s and sold it for $3.4 billion in his 30s before heavily buying into GameStop in December 2020 +4. new customer care center with 500 employees ([https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south](https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south)) +5. new warehouses in New York, Pennsylvania, and Nevada to expand fulfillment network +6. hundreds of new exec and directors from top firms, including Amazon, Target, Chewy, and Zulily ([https://gmedd.com/report-model/](https://gmedd.com/report-model/)) +7. an NFT marketplace in the works, but under curtains so competition doesn't have the details--We know GameStop is working with ImmutableX (IMX) and Loopring (LRC) for this marketplace, which is why their logos are included on our \*place\* art +8. NFT marketplace that is streamlined and user friendly has great potential, esp. with NFT markets set to grow over **$40 BILLION** in the next three years ([https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/](https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/)); Also helpful: [https://hbr.org/2021/11/making-sense-of-the-nft-marketplace](https://hbr.org/2021/11/making-sense-of-the-nft-marketplace) +9. GameStop closed a number of underperforming stores over the last couple of years to trim excess and focus on high performing stores and online sales +10. complete overhaul of GameStop app in 2021 to be more user-friendly +11. the distinct lack of insider selling--in fact, insiders purchased a boatload more of the stock over the last two weeks +12. GameStop added same-day delivery for their products: [https://www.gamestop.com/collection/same-day-delivery](https://www.gamestop.com/collection/same-day-delivery) +13. GameStop just announced an upcoming vote for a stockholder dividend that will include shares from a stock split, which should ignite a price rise (possibly similar to what happened in Tesla, only with the potential to be a far more dramatic and violent rise). + +**All of these changes happened in the span of a year and a half.** GameStop has set its sights on becoming a large tech company--a major player in the gaming and NFT marketplace, with partnerships including IMX, Loopring, and Piñata. There's also speculation of partnerships with Microsoft, Apple, Nike, Snoop Dog, and others. + +**Wall Street Corruption:** + +It would be worth your time to watch the March 3 episode of "The Problem with Jon Stewart" on Apple TV if you have access to that streaming service. Jon breaks down the problems we here on SuperStonk have discovered. (EDIT:per u/freeleper the episode is available on YouTube as well) + +1. Wall Street banks, hedge funds, market makers, etc. can sell a company "short." How? They borrow the stock and sell it, betting the price of the company will go down. They can then purchase the stock at a lower price and return the stock they borrowed. They pocket the change. +2. Where do they borrow stock? From people like you and me, who purchase stocks through our 401ks, pensions, or personal investments. Whoever holds your stock--be it Fidelity, Vanguard, Merrill Lynch, Chase, RobbingtheHood, etc.--they will often lend your stock out to be sold short. They do this without your knowledge, and they make money on it by charging a lending fee. +3. If you want to ensure your stock can not be lent out and is held in your name, you need to direct register your stock (DRS) with a company's official registering agent. In the case of GameStop, that is ComputerShare ([www.computershare.com](https://www.computershare.com/)). I, personally, have 100% of my GameStop shares held at ComputerShare. Direct registration means your investment is removed from Wall Street's short selling games. +4. The biggest jackpot a short seller can hit is a dying company. If they sell a company short over years, driving its price down, and never repurchase the stock (remove buy pressure) ... and if that company declares bankruptsy ... short sellers never have to repurchase the stock, and all of their gains from selling the company are exempt from capital gains tax. JACKPOT! +5. Never repurchasing the stock you borrow is called failing to deliver. (EDIT: It's one way to fail to deliver--there are others.) Fails to deliver are called FTDs, and there are literally trillions upon trillions of dollars worth of FTDs in our finacial system. ([https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)) If something takes down the American financial system, it will be FTDs. If you want to learn more about this, read Dr. Susanne Trimbath's book (or listen on Audible), ***Naked, Short, and Greedy.*** +6. Short sellers targeted a number of American retail companies at the start of the pandemic, including GameStop, the p o p c o r n stock, Bed Bath & Beyond, and others. They sold more than 100% of GameStop's shares short, without repurchasing the stock. In one legal filing in a case against RobinHood in February 2021, the court alleged GameStop had 226% of its stock sold short. How can this be, you ask? Crime. Legally a stock can be sold short 120%, which is crazy even in itself. +7. So GameStop was massively sold short, but unluckily for short sellers GameStop made a massive turnaround in the past year and a half and there is zero chance of it going bankrupt. This means there are a lot of shares sold short that will eventually need to be repurchased and returned. +8. The short interest on GameStop is still believed to be more than 100%, and as high as 800%, hidden in derivatives, swaps, ETFs, DOOMPs, futures, and/or other complicated financial mechanisms. You can read all about it in the Due Diligence posts. A lot of smart people have contributed to watching for market signs of how the short interest is being held under a lid. (Hint: ETFs and swaps are a big part of it.) +9. Short sellers of GameStop have so massively dug themselves a hole that it threatens the existence of a number of financial institutions. +10. Expect high volatility in the stock price as financial institutions fight for their existance--they don't call us Diamond Hands for nothing. My hands are diamond because I've held through price fluxuations of $350 to $39, and my hands are diamond because I'm not selling my shares until the price looks like a phone number. I will also diamond hand some shares forever, and never sell them. Why? Because I like the stock, I like the company, and fuk hedge funds, banks, and this corrupt financial system. + +None of this is financial advice, and I am in no way a financial advisor, but if you do decide to invest in GME, many people are registering their shares directly with [ComputerShare.com](https://computershare.com/). This prevents banks, brokers, hedge funds, and marketmakers from using the stock for short selling. + +**Where to start to learn more?** + +[https://gmedd.com/report-model/](https://gmedd.com/report-model/) + +Or the GameStop research library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg), where some of the best financial journalism has happened in the history of humanity. + +If you decide to join this ride, I fully expect to see you on the moon. + +\-Duckdive Firestorm, dumbass meme maker + +**Postscript:** Redditors on this sub, from the beginning, have valued primary source information and peer review. We look at SEC filings, company filings, law suits, FINRA reports, Bloomberg terminal data, etc., for research. We value updating wrong or outdated information on posts, learning and adding new information from one another, and citing credible sources. And we love dank memes, of course, because laughter and poking fun at Powerful Institutions is crucial to win psychological wars. Make no mistake, there are paid bad actors on this sub. 🌎🧑‍🚀🔫🧑‍🚀. Welcome aboard and be discerning. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. 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It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +https://www.cnbc.com/2019/10/21/boeings-737-max-troubles-deepen-taking-arilines-suppliers-with-it.html + +Boeing’s stock continued to slide after explosive messages revealed pilots’ concerns about a flight control system. + +That system, known as MCAS, was implicated in two fatal crashes that killed 346 people. + +Some of Boeing’s suppliers, including Spirit AeroSystems, were trading lower. +Return on investments are not expressed by months, weeks or days. They are expressed *annually*. + +So when you say, "*You can get 2% of APY/month*", or "*with a 1% interest/week*", or "i*f you coumpound interest on a 10% APY*", then you sound like a fool. + +There are two different acronym you *need* to understand. + +**APR** : Annual percentage rate; it's the annual rate of return on an investment, **without any compounding**. + +It's basically the return you realise by lending (or staking, etc.) an asset after a year, if you do not touch it (no compounding). So, if you invest $100'000 with a 10% APR, you will get a return $10'000 after a year (10%). + +**APY** : Annual percentage yield ; it's rate of return earned on an investment, **taking into account the effect of compounding interest**. + +It's the return you realise when compounding the interest whenever it's possible to do it. The compounding can take place daily, weekly, monthly, annually. It depends on the terms & conditions of your investment. + +**Compound interest**: it's the fact the interest accrued on your investment is (automatically/manually) added to your investment and start accruing interest as well. + +An APR where you can compound interest daily is going to be a much higher APY than an APR with monthly coumpounding. + +Let's take a few examples: + +* 12% APR. That's 12% per year (or 1% per month if you want). So if you invest $100, you get 12$ a year (1$ every month). After a year, you have $112. +* 12% APR allowing you to monthly compound. That's a 12.68% APY. So if you invest $100, you get 1$ the first month (that you coumpound), $1.01 the next month, $1.021 the third, $1.0303 the fourth, and so on. +* 18% APY with a daily compound, is a 16.56% APR. +* 45% APY with monthly compound, is a 37.18% APR. + +If you want to understand how to convert your APR to your APY, you can head there: [www.aprtoapy.com](http://www.aprtoapy.com). There are also the mathematical formulas and explanations. + +I hope that helps some of you to better understand the financial aspects your investments and use the correct terminology, so you don't look and/or sound uneducated. + +Have a great day! +A credit default swap is " a financial contract whereby a buyer of corporate or sovereign debt in the form of bonds attempts to eliminate possible loss arising from default by the issuer of the bonds. This is achieved by the issuer of the bonds insuring the buyer’s potential losses as part of the agreement. " + +Essentially, it is insurance for the creditor in the case of default from a debtor. + +A creditor can get into these credit default swaps contracts, where a creditor pays a fixed amount to another party (the insurer) and when/if the debtor to the creditor defaults the insurer will step in to make the creditor whole. + +Now, people have known about Evergrande and their liquidity issues for about a year. Investors (Debtors) would have purchased these credit default swap contracts for Evergrande. + +Now, apparently this week is full of holidays for China - so TOMORROW, when a good chunk of China is back to work AND when China is expected make an announcement as to whether or not they will SAVE Evergrande or let it default, THEN we will find out how the markets truly respond to this catastrophe. + +**What would be the effect of the credit default swaps on the rest of the financial markets?** Obviously, we don't know who the insurers are, but I'd imagine that that insurer is probably issuing securities out of its pooled credit default payments. Like all insurance companies.FYI, Credit Default Swaps are what really hurt AIG during the 2008 housing crisis. + +Side note: Everyone is expecting China to step in and save Evergrande or somehow at least prevent contagion effects throughout the chinese markets. + +Thoughts? +[YTD Performance Chart](https://i.imgur.com/Qetdo5W.png) \- Note there's a $50k deposit in March + +**Long Post Warning (TLDR at the bottom)** + +* I never post so allow me this one big one lol. This is really to get all my thoughts down in one central location for myself and others to reference. + +**Account Details (as of EOD 12/17/20)** + +* Portfolio Margin (PM) account w/ TOS +* $590k cash (100% cash - see strategy below) +* $561k net liq. +* 0.3% delta beta-weighted to SPY +* 0.3% theta +* $13k commissions and fees YTD ($0.4/contract) + +**The Game Plan** + +* **Strategy #1 - SPY HTS** + * ***EDIT (January 2021):*** *Switched back to long SPY shares instead of SPY HTS. I'm skeptical HTS would beat buy/hold in the long run and I'm too lazy to find out lol. HTS also requires some timing of the market which is against my religion. Currently sitting at 70% of net liq in long SPY shares. I will probably aim to keep this around 75% in case of any early assignment. Perhaps even more if I get less aggressive and/or more passive with my theta account.* + * **Background**: I used to be 100% long SPY and use the collateral (85% of SPY net liq. with PM) towards option BP. But several months ago, I went 100% cash and have been using the Hold-The-Strike (HTS) methodology instead. + * **The Trade**: Write SPY CSP ATM (contracts determined by cash amount). + * **Management**: If SPY goes down as your expiration approaches, you roll to the same strike. If SPY goes up, you roll up to a strike ATM (still tinkering with when to roll up and what DTE). + * **Notes**: Will this beat buy/hold while also factoring in loss of dividends and taxes on STCG? Time will tell! +* **Strategy #2 - Weekly SPX Strangles** + * **Background**: I stumbled upon [ERN](https://earlyretirementnow.com/2016/09/28/passive-income-through-option-writing-part1/) several years ago who got me started on this type of mechanical, emotionless strategy. Of course I've customized it a bit to my own style. + * **The Trade**: Every Wednesday, write an SPX strangle 45 DTE. Number of contracts and delta are determined by desired yield and account size. My target return is 12%/year with these. This is currently putting me at 1 contract around 5 delta. + * **Management**: For the short puts, I will roll up if >21 DTE and >50% profit to original delta. I will close for a loss if <-300%. For the short calls, I will close for a loss if <-500%. If these are getting tested near expiration, I will close for whatever gain/loss at the time to avoid gamma risk. Otherwise, I will let them expire worthless. + * **Notes**: [Spintwig](https://spintwig.com/spy-short-call-strategy-performance/) has taught us that SPY 45 DTE short calls are not profitable. The 5 delta are almost breakeven. But I'm willing to live with that as this adds a little negative delta to my otherwise super positive portfolio delta. +* **Strategy #3 - Short Puts on (mainly) Blue Chips** + * **Background**: This is just your basic CSP stuff here except naked (cash secured is not capital efficient and cannot beat buy/hold IMO). I try to diversify amidst all the major sectors. And yes I'll do a "meme" here and there 😉 + * **The Trade**: Write 45 DTE, 20 delta short puts. Size the number of contracts to use no more than 1% BPR. + * **Management**: Pretty standard TW exit/rolling techniques here. Will look to start taking profits around 50%+ if the DTE trade-off is worth it. I'll also take profits if it's 30%+ in a few days and/or earnings are coming up. If ITM and decent extrinsic value left, I will wait to roll until expiration day upon which I will roll to the next monthly for a credit choosing a strike based upon my sentiment. If it's deep ITM, I will look for a high IV day to roll. Of course I'll only roll if I'm still bullish on the underlying. + * **Notes**: The 1% position sizing is important. If 1 position goes bad (and it will), my whole portfolio isn't stuck in the mud. I also used to add short calls as defense (5-10 delta) when my short puts went -100% but I rarely do this anymore due to whipsaw. Also regarding earnings, as long as the ER isn't within 2 weeks, I don't care. +* **Strategy #4 - Weekly Naked Lottos (Don't Do This!)** + * ***EDIT (February 2021):*** *I am no longer doing these due to risk/anxiety/time. I might only re-visit these on solid blue chips that I already have short puts on, high-IV runners that I will close same day, and 0DTE on expiration Fridays so I don't have lose sleep thinking of nightmare blow-up scenarios lol. I've probably made net +$50k or so on these since starting the experiment last summer. It's been a wild run but I need to de-stress!* + * **Background**: I love pennies. I hate steamrollers. I almost didn’t post this strategy but it’s amazing entertainment/pain/stress and I get asked about it a lot. Also it’s become a major portion of my gains as I’ve honed in on the mechanics and fully dived in after getting as comfortable as I can. Still, don't this - the tail risk can be blowup-worthy heh. + * **The Trade**: Use TOS Option Hacker for <5DTE, >120% **options** IV, <5 delta, >0.03 bid, no earnings, and exclude things from my "too risky" watch-list (TSLA, Biotech, EV, IPOs, cruise lines, airlines, pot/solar/vaccine stocks, etc.). After that, make sure no upcoming binary events or rumors. Do some basic TA with my stupid eyeballs. Analyze desired position by stressing up/down to strike and make sure BPR will not put me in a margin call (**this part is important and what determines the max # of contracts I will write**). Send order near the ask and see if MM is sexy enough to grant me more than I deserve. Walk down to minimum desired bid until filled. Depending on account size, underlying price, and underlying EPR, these positions usually range between 50 and 100 contracts for a total premium between $100 and $500. But I wouldn’t dare put target returns for this; some weeks I get less than $1k, other weeks I get $4k. + * ***EDIT (January 2021)****: New criteria -> Avoid anything with short interest > 10%. Lessons learned from 1/25 $5k losses on BYND/RKT. Luckily avoided additional short squeeze madness on GME/IRBT/etc.* + * **Management**: I set alerts at -$1k for these positions. If that hits, I'll either close for the $1k loss, balance delta by buying/shorting shares and/or adding short calls/puts, or let it ride. I have hard stops at -1000%. + * **Notes**: Really only worth it with a PM account due to BPR. I’m at my computer every trading day before opening bell to try and capture opening volatility. I’ve also found the first few minutes after ER a good time to scalp. Again, don’t do this unless you have a risk management strategy and low blood pressure. +* **Leverage** + * I generally aim for a target of 50% free BP. However, I will let this run as low as 30% before I start trimming fat if I think we are oversold or as high as 70% if I’m getting weary/cautious. + * I stress my portfolio almost daily beta weighted to SPX for price and volatility to know how far away I am from a margin call in either direction. Sometimes, like now, the stress testing will inform me that a ton of my BPR is due to my SPX short calls. With this knowledge, I know I can be more aggressive opening up more short puts from strategy #3. +* **Hedging Another 6-sigma Event** + * **Background**: After COVID bent me over in March, I realized the hard way I needed a black swan hedge (among other risk management/exit strategies of which I NEVER HAD) to avoid/mitigate what happened to my account should another doomsday scenario occur. Still new to my arsenal and experimenting with this. + * **The Trade**: Buy 7 DTE, 10% OTM puts every Monday for 0.04% of net liq. Also buy 120 DTE, 10 delta VIX calls every month for 0.08% of net liq. Do the math and this is a total of 3%/year portfolio drag. These numbers could probably scale with portfolio returns and VIX level. + * **Management**: Hopefully these expire worthless until I'm dead. But if not, when the next black swan hits and these babies pop, I'm honestly not exactly sure how I'll manage these. I just know I'll be glad I had them. + * **Notes**: Not only do the long SPY puts hedge my SPY HTS CSP and SPX short puts, it also drastically reduces the BPR for these positions due to cross-margining rules (another beauty of SPX and PM). VIX hedge based on [Option Alpha YouTube Video](https://www.youtube.com/watch?v=-luY8MHgYW0). SPY long put hedge based on my own back-testing and stress-testing. +* **Miscellaneous** + * [Current Positions](https://imgur.com/a/D9hyBtP) + * [Short Put List of Tickers](https://imgur.com/a/ACJ4ZUm) + * [Acronym Definitions](https://i.imgur.com/6fOrPUn.png) + +Lastly, I really want to thank this community! Except for a few grumpy asshats, everyone is very supportive and willing to give constructive feedback. Plus my (real life) friends have no idea what any of the shit I wrote above means lol. So it's been great to have you all to geek out with especially during the socially-limited WFH era. I have to give a special shoutout to u/spreadsgetyouhead and u/LoveOfProfit \- these dudes know their stuff and have been great to learn from and bounce ideas off of. + +**TLDR**: Made 100%+ this year from SPY CSP, SPX strangles, short puts on blue chip companies, and weekly naked lottos. Risk management is good. Watch your leverage. Black swan hedge if necessary. + +*EDIT: Formatting* + +*EDIT2: Added "Acronym Definitions" link - credit* u/WBuffettJr *for the idea* + +*EDIT3: Added EDIT to Strategy #1 - abandoning HTS and going back to long SPY* + +*EDIT4: Added EDIT to Strategy #4 - additional criteria added: short interest < 10% of float* +Typical disclaimer: I am retrieving Finra ADF (OTC dark pool) data from Fidelity using Time & Sales and running it through some spaghetti code I threw together for analysis purposes. As always, if you notice any errors in my data please point them out as **I am prone to making mistakes and I'm no wrinkle brain**. + +For additional information, and understanding how I am doing all this, [please read my post from last week.](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3) I highly recommend reading my last post because it will better frame what I'm about to present. + +**SOMEONE IS FUCKING AROUND WITH DARK POOL TRANSACTIONS!** + +**A large amount of 1 share size transactions are being channeled to the dark pools outside the NBBO and sometimes in excess of $3!!!!!** + +Here is GME Finra ADF data: + +https://preview.redd.it/kdu1zgiwxay61.png?width=869&format=png&auto=webp&s=43740f0564aafa5d153e18c46d188fd4adb1c83e + +https://preview.redd.it/fdkicgiryay61.png?width=1001&format=png&auto=webp&s=e09d447aa3f254afa1a2eb317b2fc69b75fd2a56 + +Here is GME from 9:30-10am for NYSE exchange. + +https://preview.redd.it/9c49x1b8cby61.png?width=745&format=png&auto=webp&s=d22e41812e24cb4a12599553c6f91884eb747a95 + +u/dlauer Since you may have missed my post from Thursday, I invite you to shed some light on what is happening. Currently, this appears to be evidence of price suppression combined with price gouging of customers through the use of OTC dark pools. At minimum, someone is executing trades through the dark pools outside of the NBBO and in violation of reg NMS. It happened for the first time (that I've ever witnessed) on Thursday 5-6 and is again actively happening right now! + +~~I have not verified whether~~ Other stocks are being manipulated the same way they were last Thursday. + +Edit: + +I checked AMC to see if it's happening again to other stocks and found that it is: + +https://preview.redd.it/vjt9k79p9by61.png?width=745&format=png&auto=webp&s=82cd5eee8b45a45f2f13dd7d844fbe0cf31e3157 + +Edit3: + +https://preview.redd.it/yqqlbb87pdy61.png?width=1327&format=png&auto=webp&s=fb722bfed151095071b87ca38a8a08190f730e7e + +Here is the cumulative data for today (5-10). **It appears whatever was happening ceased before 12:00ET.** Suspicious that the timing coincides with when my post started getting traction. I'm not gonna jump to conclusions though. + +Here's a chart with the corresponding impacts outlined: + +https://preview.redd.it/3qmnaevrpdy61.png?width=1242&format=png&auto=webp&s=94f0147f151688926bee9e2f4f5096292477ee90 + +Large frequency transaction prices: + +9:30AM-11:00AM - Above Asks + +* $161.755 (9:30:12ET - 9:43:11ET) +* $157.525 (9:43:21ET - 9:43:22ET) +* $157.31 (9:43:27ET - 9:58:22ET) +* $154.09 (9:58:44ET - 10:13:10ET) +* $154.02 (10:13:27ET - 10:28:20ET) +* $153.845 (10:28:39ET - 10:43:22ET) +* $151.155 (10:44:05ET - 10:58:08ET) + +11:00AM-12:00PM - Below Bids + +* $154.02 (10:16:05ET - 10:22:05ET) +* $150.955 (10:58:34ET - 11:13:20ET) +* $151.38 (11:13:46ET - 11:28:18ET) +* $152.25 (11:29:23ET - 11:37:57ET) + +Here's the number of transactions at each of the above price points. I may need to look further into $154.02 since it appears on both sides and is almost a wash in transaction count. + +https://preview.redd.it/700s34mfwdy61.png?width=390&format=png&auto=webp&s=f49c073fccc97a8b3103f8d75b42e32fc49cd2bd + +Edit4: Analyzing delay from NBBO. + +[Here is my google doc for analyzing time delay from closest NBBO price vs execution](https://docs.google.com/spreadsheets/d/1PQPaQSRMHMPT20hYVKKTG7_QIGG1WIXKoR-6X1G8B6I/edit?usp=sharing) + +The 1st tab contains all the transaction data from 9:30am-10am including all exchanges. Use this to confirm what I'm reporting and verify if I'm making any mistakes. + +The following tabs contain data from the closest NBBO timestamp and then the corresponding batch of transactions including all the outside NBBO orders in order to match that NBBO. + +* $161.755 + * Row 56 - 9:30:02ET - Begin NBBO + * Row 409 - 9:30:36ET - Last entry within that NBBO + * 34 second delay +* $157.525 + * This batch appears to have a corresponding supply of matching NBBO range +* $157.31 (The Dark orange highlights are NBBO price ranges permissible for $157.31) + * 1st noticeable gap + * Row 682 - 9:43:53ET - Begin NBBO + * Row 3601 - 9:47:37ET - Latest entry within that NBBO + * 3:44 delay + * 2nd gap + * Row 4095 - 9:48:24ET - Begin NBBO + * Row 13590 - 9:58:22ET - Last entry within that NBBO + * 9:58 delay (almost 10 minutes!) + +Edit5: I'll pick this up in the morning. I'm exhausted. + +&#x200B; + +Edit2: + +[Dave confirms manipulation is "without a doubt" happening and is "shockingly rampant"](https://youtu.be/AYct0XX0uTU?t=1949) + +[Dave states in regards to dark pools "You cannot trade outside the NBBO. That is the rule in US markets."](https://youtu.be/AYct0XX0uTU?t=3502) It's either 610 or 611 and is the "backstop for best execution" & "you cannot get outside of the protected quote." + +[242.610 Reg NMS - Access to Quotations](https://www.law.cornell.edu/cfr/text/17/242.610) + +[242.611 Reg NMS - Order Protection Rule](https://www.law.cornell.edu/cfr/text/17/242.611) + +I have now watched Dave's AMA 10 times and probably will need to watch it another 10 times. + +~~I am beginning to suspect, since he says that he "cannot say a ton about that" (when discussing manipulation), that he may not be able to provide insight or clarity into this situation due to other reasons. I hope that I am wrong and I sincerely hope that he chimes in eventually. For now, however,~~ **I will begin compiling my data to prepare a submission to both the SEC & Finra.** + +Edit6: + +I've spoken with Dave and he does not see these trades outside the NBBO in their data. He suspects the transaction data that Fidelity is providing is probably inaccurate. My next step is going to be calling Fidelity and inquiring about the quality of their data. I'm sure Dave is correct, but I still intend to do the due diligence of learning how Fidelity acquires their data and the accuracy of it. Per his recommendation, getting quality SIP data will cost \~$750/month - which is something I'm honestly not prepared to fork up at the moment. Thanks again, u/dlauer & team, for taking the time to investigate this for me and for providing suggestions. I greatly appreciate the help. + +&#x200B; + +I'd also like to sincerely thank everyone for commenting & awarding this post to help get traction. I will be updating it throughout the day once I finish with the data. + +[Here is my post from last week covering the first occurrence of this market-wide manipulation](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; +Past performance is not indicative of future results. Although true, it’s so tempting to speculate. There does seem to be some pattern of euphoria and despair that repeats itself. There are the same winners and losers every iteration. The strong win, the weak and new lose. The new learn and become winners or sell if they can’t stomach it. The OG’s stop posting and live in [Puerto Rico]( https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html) + +[With the magic of Google you can revisit memory lane in 2015]( https://www.google.com/search?q=bitcoin&tbs=cdr:1,cd_min:Jan+1+2015,cd_max:jan+20_2+2015&source=lnms&tbm=nws&sa=X&ved=0ahUKEwjA0r6QtZHfAhUDhuAKHZtwBaA4ChD8BQgOKAE&biw=2560&bih=938 ) This is a time when Bitcoin went from over $1000 to ~$170. Keep in mind what was going on during this time + +- Massive fraud/stealing/incompetence with Mt. Gox +- Crypto was widely perceived as drug, and mercenary money. +- The public also perceived it as a Ponzi scheme, or “tulips”. + +Bitcoin hasn’t changed much throughout this process. Yet it’s core principles and technology prevailed. Ethereum and this space is in a much better position than Bitcoin was. Bitcoin has overcome much worse odds than Ethereum is facing now. + +One of my rules of thumb is + +>“Is Ethereum better off now than it was during the all-time high?” + +If the answer is “yes” than I buy. I also ask myself + +>"are current issue's more insurmountable than Bitcoin in early days?” + +If no, I buy. + +I’m prepared to wait years, and times like this are an opportunity to accumulate. In the off chance this project doesn’t work out, I’m OK with that because I didn’t overextend myself. Bitcoin was at $1,100 in November 2013, and only exceeded that price in April 2017. Are you willing to wait that long or longer for Ethereum? I am. + + +October 2020 the avg house cost 23 Bitcoins. + +October 2021 the avg house cost 5 Bitcoins. + +Home prices are down 78% over the past year. Anybody know why the housing market crashed over the past year? +Hi! + +I'm new to economics, and still don't have a grasp of some of the basic concepts. + +If a Norwegian store sells clothing for 10,000$ a month, but all the clothes are produced in Bangladesh, and the store imports them for $2000$ a month, what is the store's net contribution to Norway's GDP? + +Thanks in advance! Feel free to ELI5. +The explanation I have heard is that Alice deposits $1 into the bank, the bank lends $1 to bob, there are now $2 in the economy so the bank created $1 out of thin air. + +This explanation however doesnt make sense to me. Alice cannot actually use the $1, if she tried to withdraw it the bank would not be able to provide it to her because bob has it. So in reality there is still the same $1 in the economy. + +Is my understanding correct or do banks really create money out of thin air? +I’m currently enrolled in a B.A. program in economics and am wondering if employers look down on B.A. degree as opposed to B.S. degrees? I don’t want to switch to a B.S. because it is a STEM deigned program and seems to be much harder. Any advice? +\*Obligatory, None of this information is financial advice. I am simply showing connections I have found from publicly available information. + +In [Part I](https://www.reddit.com/r/Superstonk/comments/tj8fvc/my_broker_trust_issues_drs_is_the_way_some/), we reviewed Fidelity funds loaning out a substantial amount of GME shares. Shares are typically loaned so they can ultimately be sold short. + +Part II shows that since the Jan. ’21 sneeze, Fidelity has directly hired on 7 BCG employees. Some of whom are holding pretty high-up positions with Fidelity. Here’s the list ([LinkedIn](https://www.linkedin.com/) is the source): + +# Direct Hires from BCG Post-Sneeze + +* James Brennan, Vice President at Fidelity Investments + * **Hired: July 2021** + * Formerly: BCG Partner (July 2021), Principal (8/2019 – 6/2021), Project Leader (8/17 – 8/19), Consultant (8/15 – 7/17) + +&#x200B; + +* Molly Cunningham, Head of HR, Personal Investing at Fidelity Investments + * **Hired: February 2021** + * Formerly: BCG Managing Director & Partner (1/19 – 2/2021), Principal (7/14 – 12/18), Project Leader (10/12 – 6/14) + +&#x200B; + +* Priyanka Mehrotra, Vice President at Fidelity Investments + * **Hired: March 2022** + * Formerly: BCG Principal (8/16 – 3/22) + +&#x200B; + +* David Nazareth, Competitive Intelligence at Fidelity Investments + * **Hired: October 2021** + * Formerly: BCG Research Lead (9/19 – 10/21), Senior Research Analyst (6/13 – 9/19), Senior Knowledge Analyst (5/11 – 5/13) + +&#x200B; + +* Benjamin French Cobb, Vice President Social Media at Fidelity Investments + * **Hired: September 2021** + * Formerly: BCG Head of Social Media (1/21 – 9/21), Head of Global Social Media & Global Digital Marketing Senior Manager (7/17 – 12/20), Social Media Manager (8/14 – 6/17) + +&#x200B; + +* Jordan Groleau, Product Consultant at Fidelity Investments + * **Hired: August 2021** + * Formerly: BCG Product Analyst (1/19 – 7/21), Global Marketing Senior Coordinator (11/17 – 12/18), Global Marketing Coordinator (3/16 – 10/17) + +&#x200B; + +* Julia Burkett, Senior Director, Strategic Analysis & Insights + * **Hired: May 2022** + * Formerly: BCG Consultant (10/20 – 5/22) + +# Hired Prior to Sneeze (Not all Direct Hires) + +&#x200B; + +* Michael Snell, SVP, Head of Asset Management Strategy and Central Finance at Fidelity Investments + * **Hired: May 2016** + * Formerly: Principal (7/14 – 5/16), Project Leader (7/12 – 6/14), Consultant (7/10 – 6/12) + +&#x200B; + +* Mike Holtschlag, Head of Strategy & Business Development, Personal Investing at Fidelity Investments + * **Hired: July 2007** + * Formerly: BCG Principal (2001 – 2007) + +&#x200B; + +* Brian Kolle, Senior Vice President + * **Hired: October 2005** + * Formerly: BCG Consultant Intern (6/04 – 8/04) + +&#x200B; + +* Scott Levy, Director at Fidelity Investments + * **Hired: 2019** + * Formerly: BCG Consultant (2011 – 2013) + +&#x200B; + +* Che Yii, Sr. Director, Program Management at Fidelity Investments + * **Hired: March 2018** + * Formerly: BCG Sr Business System Consultant (2008 – 2012) + +&#x200B; + +* Cindy Reuter, Operations & Strategic Planning Director at Fidelity Investments + * **Hired: October 2011** + * Formerly: BCG Lead Financial Analyst (1/11 – 10/11) + +&#x200B; + +* Keith Bernhardt, Vice-President and College Products + * **Hired: August 2008** + * Formerly: BCG Management Consultant (2001 – 2003) + +&#x200B; + +* Lisa Welsh, Senior Executive at Fidelity Investments + * **Hired: April 2012** + * Formerly: BCG Executive Assistant (6/1982 – 1/07) + +&#x200B; + +* Allison Buttle, Board Program Analyst – Content Management at Fidelity Investments + * **Hired: October 2010** + * Formerly: BCG Executive Assistant (3/05 – 10/10) + +&#x200B; + +* David Lang, Senior Vice President Relationship Management + * **Hired: 2001** + * Formerly: BCG Financial Controls Manager (10/1995 – 5/01) + +&#x200B; + +* Nathan Strik, Energy Investment and ESG Insight and Thought Leadership + * **Hired: 2002** + * Formerly: BCG Management Consultant (1998 – 00) + +**This is most likely not a comprehensive list.** + +If BCG is comparable to 💩, what does that make Fidelity? Who has a lot of former BCG staff members as current employees, in some relatively high positions within the company, including 7 BCG direct hires since the sneeze. Trustworthy? + +Here's an educational link on GME's Transfer Agent, [Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +Tanks fo reedin + +&#x200B; + +Edit: Grammatical +Just wanted to share, and also thank UKPF as it has proved to be a huge catalyst in my savings journey. + +I spent my teenage years in a poor, single parent household with a very YOLO attitude to spending. We were always in debt, and whenever money came it would be immediately pissed away to ease the constant anxiety through retail therapy... myself and my parent were lodgers in a HMO, which was super embarrassing when I was in school, and I've always dreamed of getting to a stage where I can afford my own room and small daily pleasures without worrying about paying bills. + +My first taste of this type of life was when I went to uni, got max loans and max grants and lived in student halls. It was amazing, I was buying ALL THE THINGS and enjoying myself like I've never done before... and like many other stupid 18 year olds I ended up eyeballs deep in my student overdraft and didn't particularly care to get back out of it (permanently) until literally two years ago. And in the last year or so, I have managed to save 10 k which is an order of magnitude more money than I've ever had at any one time before. + +When the first lockdown happened, I started getting really obsessed with personal finance (not in a good way, very much 1000% anxiety driven) and I was spending several hours every day for WEEKS on end reading all the posts on UKPF, clicking through every link on MSE, creating-deleting and re-creating spreadsheets of budgets. I opened like 6 new bank accounts, savings accounts, vanguard, the whole nine yards, and I was logging into each of them about 30 times a day 'just to check'. Honestly, looking back it was a bit psychotic, and a big part of that was because I was actually at home everyday for the first time in my life and I had way too much time and energy with nowhere to direct it. Anyways, they opened my department up pretty soon after the first lockdown ended, and that helped me to re-balance. I still live in a way that I don't have to say no to myself very much, but the big change was in what I actually end up wanting. I find that nowadays there is a lot more consideration going into my purchases, and a lot of the things I want now are higher quality buy-once kind of things. + +If you want to know, my take home income every year is around 26 k (from tax-free stipend + freelance work on the weekends) and my rent is 8 k a year, and my travel is around 1.5 k a year. So 10 k in one year has been no small feat for sure. I am so excited to one day be able to say I've saved 15, 20, or even 50 k which was never really on the horizon for me before. +🚀🚀🚀HODL 2.0 FAIR LAUNCH!!!!!!!🚀🚀🚀 + +🔥HODL Tokens mother of all updates!! ⬇️⬇️ + +♻️No Gas fees for anyone!!!!!!♻️ +(All gas fees will be reimbursed and paid by Hodl 2.0) + +💰 HODL 2.0 investors are earning FREE $BNB every day 💰💰💰💰💰 + +🖊 💥Signed contract with exchange already!!!!!!! First exchange launching within 1 week of HODL 2.0 launch 🚀 + +💰Minimum 2% of exchanges buy and sell tax goes straight to our central BNB pool from each exchange!!!!💰 + +👉Upgrades ⬇️ + +💯 Fibonacci pool to make the reward pool sustainable and less volatile 💯 + +💫 Automatic BuyBacks will be burnt creating stability of the price🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +💲Earn Daily Rewards in BNB by simply holding💲 + +🤝 No need for division of large and small investor pools since there will be no gas fee for anyone! We are all just “HODLers.” 🤝 + +💰 Automatic compounding with slider. Choose how much to reinvest vs. claim as BNB daily!!!!!! 50% of reinvestments gets burned🔥🔥🔥🔥🔥🔥🔥 + +🔑A tiered taxation of BNB pool which will be distributed in the following ways: + +❤️ 5% of BNB tax straight to a charity wallet to be donated to various charities world wide 🌎 + +🧳 0.5% to giveaway wallet for huge giveaways throughout the month! ☀️ + +♻️The rest of the tax will go straight back to the BNB pool💥 + +👉Controllable sell bot to diminish sell pressure on command. + +✅ Every transaction is taxed 10% with the below distribution :- + +💸 4% - BNB pool +🌊 2% - Liquidity pool +➡️ 2% - Reflections back to holders +⬆️ 1% - Buybacks +🧩0.75% - Marketing +👨🏼‍💻0.25% - Team + +💥dAPP Released before token launch💥 + +Updates!! + +✅Exchanges signed and ready to go within days of launch +✅ Liquidity locked +✅ Certik audit applied for +✅ Live on Pancake Swap now +✅ CMC applied for +✅ CoinGecko applied for +✅ Anti Whale mechanism +✅ Gamification launched +✅ Mothership tax generates additional income streams from each and every exchange + +CONTRACT ADDRESS: 0x5788105375ecf7f675c29e822fd85fcd84d4cd86 + +Learn more :- + +TG: https://t.me/hodlinvestorgroup + +Web: http://HODLtoken.net +I recently bought a larger house in London and will start the renovation process soon. One of the features I am thinking of is a separate room/ studio for a live-in help that will clean, cook and help with the kids. + +I never had staff living with me before. Do they eat with you at the dinner table or should I set up their own kitchen and dinner table for them to cook for themselves? + +And besides the lack of privacy, are there any other downsides you have experienced? +Hello all, + +I made a post two weeks ago about an idea I had and a lot of people were interested. Basically, my friend and I built a screener that selects the stocks that rank highest in momentum (12m-1m price return), quality (high ROA, low D/E) and value (low P/E, PB, P/CF, P/S). We built the screener because finviz and others do not let you select the stocks that are in the top 10% cheapest and 10% highest momentum. We have the data for global stocks, but I decided to make my first post about US stocks only. + +So here's the list of the 10 stocks ranking highest in momentum, value and quality (There were 25 stocks in my screener but I took the 10 stocks with the highest momentum): + +&#x200B; + +|Name|Ticker|D/E Ratio|Price Return 12m -1m|P/E Ratio|ROA| +|:-|:-|:-|:-|:-|:-| +|Sportsman's Warehouse Holdings, Inc.|SPWH|1.56|\+190%|10.34|10.62%| +|Lumber Liquidators Holdings, Inc.|LL|1.19|\+187%|15.29|8.16%| +|Educational Development Corporation|EDUC|0.29|\+168%|11.86|15.44%| +|Escalade, Inc.|ESCA|0.23|\+157%|10.59|17.43%| +|MarineMax, Inc.|HZO|0.67|\+154%|11.08|10.67%| +|Nu Skin Enterprises, Inc.|NUS|0.50|\+145%|13.60|10.82%| +|Allscripts Healthcare Solutions, Inc.|MDRX|0.17|\+118%|3.48|21.85%| +|Williams-Sonoma, Inc.|WSM|1.10|\+118%|18.70|13.57%| +|SIFCO Industries, Inc.|SIF|0.81|\+117%|3.58|12.13%| +|Haverty Furniture Companies, Inc.|HVT|0.92|\+109%|11.14|10.56%| + +&#x200B; + +Obvisouly, no one should buy any of these stocks only because they rank well in a few metrics, but I feel like weekly/monthly discussions about the stocks ranking highest in different ratios could be interesting for investors. Also, most of these stocks are small caps that aren't known by many, so it's a great way to learn about new companies. + +If you have any question/suggestion, please let me know! +I'm sure we've all seen the studies that show that past a certain income threshold \(I've seen figures from 75\-100k\) that happiness levels off \([https://www.fastcompany.com/40534358/how\-much\-money\-do\-you\-need\-to\-be\-happy\-less\-than\-most\-people\-are\-making](https://www.fastcompany.com/40534358/how-much-money-do-you-need-to-be-happy-less-than-most-people-are-making)\). I'm curious if anyone has been above that level \(150\-250k/year\) and made a jump to true wealth \($5m\+ in assets\) and if their life/happiness level changed. I'm currently making a very good living, but still striving towards more and more. Is it worth focusing this much time and effort or should you simply enjoy what you have? +Hi, + Like all I believe the future is electric and I want to invest in lithium ion manufacturing companies. + +Searching through this subreddit, many had suggested to go with exide or amaron and I was excited as well. + +I recently saw the EV ad from Tata and searched the internet for its battery provider and amusingly its Tata Chemicals which gave 35% return in 1 year + +Source: +https://www.electrive.com/2020/01/28/tata-motors-launches-nexon-ev-and-ecosystem/ + +Hyundai Kona electric battery provider is LG: +https://electricrevs.com/2018/12/20/exclusive-details-on-hyundais-new-battery-thermal-management-design/ + + +I also read conflicting articles about Amaron's reluctance in investing li-ion +And interestingly Panasonic is the world leader in car li-ion tech (non-Tesla provider) + +These confuse me about future prospects of exide and amaron. + + +Like everybody , I want to invest and ride along the EV battery wave . Kindly share your thoughts on who will lead the EV battery space in our country . + +Thanks much. + +Edit:Added Hyundai Kona electric +There are so many posts focused purely on money here. I thought this would be nice for people that have already retired early. + +Where (city, country, etc) do you want to retire early and why? There was an interesting discussion on NYC vs. other cities in the world that might be interesting in a fatFiRe context. +From the article: + +> HONG KONG - China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. +Some bondholders said they did not receive coupon payments totalling US$148 million on Evergrande's April 2022, April 2023 and April 2024 notes due by 0400 GMT on Tuesday, following two other payments it missed in September. + +> That puts investors at risk of large losses at the end of 30-day grace periods as the developer wrestles with more than $300 billion in liabilities. + +https://www.ctvnews.ca/business/evergrande-misses-3rd-round-of-bond-coupon-payments-intensifying-contagion-fears-1.5619501 + +It still remains unclear how much contagion will actually come out of the missed payments, if any. The article also notes "A total of $101.2 billion bonds issued by Chinese developers will be due in the next year" which might be a bigger problem if other developers default as well. +From the article: + +> HONG KONG - China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. +Some bondholders said they did not receive coupon payments totalling US$148 million on Evergrande's April 2022, April 2023 and April 2024 notes due by 0400 GMT on Tuesday, following two other payments it missed in September. + +> That puts investors at risk of large losses at the end of 30-day grace periods as the developer wrestles with more than $300 billion in liabilities. + +https://www.ctvnews.ca/business/evergrande-misses-3rd-round-of-bond-coupon-payments-intensifying-contagion-fears-1.5619501 + +It still remains unclear how much contagion will actually come out of the missed payments, if any. The article also notes "A total of $101.2 billion bonds issued by Chinese developers will be due in the next year" which might be a bigger problem if other developers default as well. +TL;DR at the bottom. + +# Preface + +We've all had some discussion here and there regarding inspecting shareholders list, aka the "stock ledger". I've compiled the relevant legal documentation here in the post and it says that we, indeed, can view the stock ledger. Note that in some areas I've omitted the parts of the laws that are irrelevant to our situation. You can view the missing parts directly from the source via the links provided. Any *laws* or *documentation* quoted below are in *italics*, and any **emphasis** added is mine. IANAL, but I know enough to read and interpret laws and research case law and get by in court if necessary. Reading the laws allows us, as citizens, to KNOW OUR RIGHTS. + +Note: during the process of writing this all out I found the [webpage of a law firm](https://wagensellerlaw.com/demand-for-corporation-books-and-records/) that basically confirms everything I've laid out here. If you have any doubts about anything I'm saying here, get it straight from a lawyer's web page. + +# Ape-tizer + +To start off, we know a couple of details from [their most recent 8K filing](https://news.gamestop.com/node/19251/html). + +Delaware is the proper jurisdiction for GameStop corporate: + +*(State or Other Jurisdiction of Incorporation)* + +*Delaware* + +And their principle offices are in Grapevine, Texas: + +*(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)* + +*625 Westport Parkway, Grapevine, TX 76051* + +*(817) 424-2000* + +# The Meat + +Delaware law says that we, as shareholders, upon demand under oath, have the right to inspect the stock ledger during regular business hours. To make a demand under oath, one would typically make an affidavit, which is as easy as writing out your demand and signing it in front of a notary public. Your demand should also include the purpose of your demand. This could be as trivial as [identifying potential buyers and sellers](https://wagensellerlaw.com/demand-for-corporation-books-and-records/) (of your GameStop stock). Note that simple curiosity will not be considered a proper purpose and will likely result in a valid denial from GameStop that would hold up in court. + +[§ 220. Inspection of books and records.](https://delcode.delaware.gov/title8/c001/sc07/index.html#220%2E) + +*(a) As used in this section:* + +*(1) “Stockholder” means* ***a holder of record of stock in a stock corporation, or a person who is the beneficial owner of shares of such stock*** *held either in a voting trust or by a nominee on behalf of such person.* + +*(3) “Under oath” includes statements the declarant affirms to be true under penalty of perjury under the laws of the United States or any state.* + +*(b)* ***Any stockholder, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from:*** + +***(1) The corporation’s stock ledger***, a list of its stockholders, and its other books and records + +*In every instance where the stockholder is other than a record holder of stock in a stock corporation, or a member of a nonstock corporation, the demand under oath shall state the person’s status as a stockholder, be accompanied by documentary evidence of beneficial ownership of the stock, and state that such documentary evidence is a true and correct copy of what it purports to be. A proper purpose shall mean a purpose reasonably related to such person’s interest as a stockholder. In every instance where an attorney or other agent shall be the person who seeks the right to inspection, the demand under oath shall be accompanied by a power of attorney or such other writing which authorizes the attorney or other agent to so act on behalf of the stockholder. The demand under oath shall be directed to the corporation at its registered office in this State or* ***at its principal place of business***. + +So this says that if you're not DRS registered, you should bring documentation with you that proves you're a shareholder. Like a statement from your broker showing your long GME position. You must also specify and affirm this in your demand. And it also says that demand can be made at the principle offices, which we've established above, is in Grapevine, Texas. + +We also know from [Delaware's legal definition of a stock ledger](https://delcode.delaware.gov/title8/c001/sc07/#219%2E) that it will include share counts. It also states that being DRS registered stockholder is the only qualification required. They can't make up extra bullshit reasons why you wouldn't be allowed to view the stock ledger. If you're a shareholder, you qualify. + +*(c) For purposes of this chapter, "****stock ledger****" means 1 or more records administered by or on behalf of the corporation in which the* ***names of all of the corporation’s stockholders of record, the address and number of shares registered in the name of each such stockholder***, and all issuances and transfers of stock of the corporation are recorded in accordance with § 224 of this title. ***The stock ledger shall be the only evidence as to who are the stockholders entitled by this section to examine the list required by this section*** *or to vote in person or by proxy at any meeting of stockholders.* + +And the burden of proof for what constitutes improper use [falls on the corporation](https://delcode.delaware.gov/title8/c001/sc07/#220%2E). In other words, any justification we provide is assumed to be a proper purpose unless the corporation can prove otherwise in court. Please note that this doesn't give you license to use any bullshit reason for the purpose. If it's bullshit they'll deny it and their denial will probably hold up in court. + +*Where the stockholder seeks to inspect the corporation’s stock ledger or list of stockholders and establishes that such stockholder is a stockholder and has complied with this section respecting the form and manner of making demand for inspection of such documents,* ***the burden of proof shall be upon the corporation to establish that the inspection such stockholder seeks is for an improper purpose***. + +# Dessert + +So in summary (TL;DR, TA;DR), as a shareholder, we have the right to view the stock ledger at GameStop headquarters during regular business hours. [There is also more law](https://delcode.delaware.gov/title8/c001/sc07/index.html#224%2E) that states that their electronic storage format is not an excuse to fail to produce and show the stock ledger. There are provisions that state they must be able to print it out for us if necessary. Though, I would suspect that might not be the best solution if they're cooperating. The most likely scenario would be they produce an electronic copy for you that you can take with you. I would suggest being prepared by bringing a packaged, unopened (for security) USB stick with you to put the data on. You'll need a written demand made under oath that states your demand (to view the stock ledger) and the (proper) purpose thereof. This can be done with a notary public. + +Y'all can tag legalese to check my work also. Now we just need a local ape to visit headquarters to get the list. + +Edit: it's funny that as soon as this post starts gaining traction Reddit shits the bed. Am I just being paranoid? Maybe. + +Update 1: + +Here's the situation: /u/xcantdj has volunteered as tribute. We've copied a letter that /u/blurfect commented and changed it a little to fit. I believe it has also been reviewed/revised by a lawyer ape. Not confirmed that he actually looked at to yet but he offered last night. Our volunteer already got a notary lined up and will likely make the trek to HQ either today, Friday, or worst case Monday. I will update this post again as new information comes in. I want to stress that some patience is required, I fully expect them to turn us away at the first request and tell us to come back later, as they have 5 days to comply. They may not have the information ready to look at immediately. I will update again as I get new info. We have another ape , /u/----_ who had done this previously with another company and they initially said it would take 3-5 days to get the information ready. + +&#x200B; + +Update 2: + +Our ape volunteer wasn’t able to make it today but is shooting for tomorrow. He also says that if he cannot make it tomorrow GameStop’s hours say they’re open on weekends. Please understand our volunteer ape also has a life like work and family he’s probably working around to make this happen. I know the suspense is terrible but I feel like this is going to be worth the wait. We’ve all got responsibilities and I’m grateful our volunteer is doing what he can to make this happen. I will update again when we have more info. + +&#x200B; + +Update 3: + +There’s not much news but people keep asking so I’ll put this update just to let y’all know we’re still working on it. We’ve got a letter written up and a notary lined up, but we still have to get it notarized and get to HQ. It’s looking like we might get notarized today but probably won’t make it to HQ until Monday. I will update again when we have more info. + +&#x200B; + +Update 4: + +It looks like the stock ledger should be [at most 5 business day behind](https://www.law.cornell.edu/cfr/text/17/240.17Ad-10). My reading of this tells me the the list gets updated with daily activity, but the updates could be up to 5 days behind. So if I were to be a new buyer or transferrer, my name could take up to 5 days to show up on the DRS stock ledger. + +&#x200B; + +Update 5, 9/26 @ 7:45 pm CDT: + +2 different apes are independently visiting HQ tomorrow (that I’ve spoken with, maybe there are others I don’t know about) equipped with their demands under oath. One of them visited over the weekend and was told they would have to come back Monday, which is not a “no”. I don’t know about y’all, but that’s got me so jacked up I probably won’t calm down for a week. + +&#x200B; + +Update 6, 9/26 @ 10:05 pm CDT: + +Nobody helped him while he was there. He's going back on his lunch tomorrow. + +[https://www.reddit.com/r/Superstonk/comments/pwsnw2/update\_to\_the\_update\_of\_the\_ledger\_guy\_spoiler/](https://www.reddit.com/r/Superstonk/comments/pwsnw2/update_to_the_update_of_the_ledger_guy_spoiler/) + +&#x200B; + +Update 7, 9/28 @ 12:30 pm CDT: + +Ape has delivered demands to HQ, is now awaiting response. Legally they have 5 days to comply. + +[https://www.reddit.com/r/Superstonk/comments/px9yo7/stock\_ledger\_demand\_update\_x3/](https://www.reddit.com/r/Superstonk/comments/px9yo7/stock_ledger_demand_update_x3/) + +&#x200B; + +Update 8, 10/6 @ 12:38 pm CDT: + +I haven't heard any confirmation from either ape, and I don't know if they'd be willing or able to file suit in Delaware court to compel compliance. I'm not a lawyer so I can't file the suit on their behalf, and I'm not eligible to file my own suit because I haven't made a demand. I'm trying to take off of work next week to take care of it myself if it doesn't get resolved this week. + +&#x200B; + +Update 9, 10/12 @ 10:12 am CDT: + +[https://www.reddit.com/r/Superstonk/comments/q6c9ed/i\_went\_to\_hq\_today/](https://www.reddit.com/r/Superstonk/comments/q6c9ed/i_went_to_hq_today/) I visited HQ yesterday and submitted my own demand. Now I have solid legal footing to follow up in DE court if GameStop doesn't comply within 5 days. The clock is ticking. At the same time I'm hopeful I'll hear back from someone without having to get a court order. + +&#x200B; + +Update 10, 10/25 @ 3:04 pm CDT: + +I've researched what it would take to get the court order myself and I've decided I just don't have time to deal with that right now so I've begun the search to retain the services of an attorney. If there are any apes practicing law in Delaware I'd be willing to pay for your services. Even if you don't do corporate litigation this should be easy enough for you to figure out. +My girlfirned and I are planning to put our money towards a house next year, meanwhile I got 100k cash just chilling in the bank, any advice on how I can put this money towards something for 1 year? I'm thinking of buying AAPL and MSFT shares and hold until we need the money to sell the house. +**Preamble:** Every year Fortune publishes the top 100 companies to work for in the world. The results are based on an anonymous survey conducted on over half a million employees. + +I wanted to check whether companies where people are the happiest to work produced better returns for their shareholders when compared to the market. My hypothesis is based on two assumptions + +a. An employee would create his/her best possible output when they truly love the place they work + +b. Companies with excellent culture would create a feedback loop to attract top talent by word of mouth and referrals. + +I feel that both of these factors would contribute to the company innovating over their competitors and creating outsized investor returns. + +**Data:** There are a lot of players that create the best companies to work for list. I chose Fortune as they are the most established company and have been doing this over the past 20 years. Their survey sample size is also very high (more than 5,00,000 anonymous responders), which would give us a fair representation and minimize the chances of false positives. + +For this analysis, I took companies present in the best places to work for list in the last 10 years (2012-2021). But, not all the companies on the list are public and listed. So, the current analysis will only focus on the companies whose shares are listed. + +All the data used in the analysis is shared in a Google sheet at the end. + +**Analysis Methodology:** Every year Fortune publishes its result on the 2nd week of February. I have considered two different ways to invest in the best companies to work + +a. You invest in the company as soon as the list comes out and hold for 1 year and then sell and repeat this every year + +b. You invest in the company and hold (This is based on the assumption that company culture does not change year over year and once the company makes it into a list, it’s a good long-term investment) + +Returns from the above strategies are then compared to the S&P 500 returns \[1\] over the same period. + +**Results** + +https://preview.redd.it/az6njh8qp6b71.png?width=1032&format=png&auto=webp&s=9a50a203b345c28a33c2ebed9f8928b4c3d77521 + +The companies in the best places to work consistently beat S&P500 in stock returns. There is a noticeable difference in return as you move up the list with the best place to work (Rank-1) beating the market comfortably by 9.5% every year! \[2\]. + +[ ](https://preview.redd.it/8m3qajdsp6b71.png?width=1035&format=png&auto=webp&s=538425ee2af64fd84f88833f4c3420b22f262b3c) + +The difference in returns becomes more noticeable if you buy and hold the company for the long term. Here we can see a steady increase in returns as you move up the ranking ladder with the top company returning a whopping 131.5% more than the index over the last 10 years. This also validates our assumption that companies having great cultures create superior investor returns over the long term. + +Now that it’s out of the way, we can dive deeper into the data and find out which stocks made the best returns and how your returns would have faired over the years. + +[ ](https://preview.redd.it/k1c3smbtp6b71.png?width=1034&format=png&auto=webp&s=c0de66bf0af94c3a84f8af06e06372f9a59bfe30) + +The best long-term return among the top companies to work for was generated by Adobe! The stock has returned 1762% over the last 10 years. As expected, tech companies have generated the most amount of returns with Microsoft, Google, and Adobe all present multiple times. + +For our final analysis, we can check if the returns were consistent throughout the years or was it just a few years that are contributing to the overall positive results. + +[ ](https://preview.redd.it/hkrqje8up6b71.png?width=1045&format=png&auto=webp&s=393b458f8b3f1d6edf3c281c4f9f064fac942cd9) + +I think this graph shows one of the most important takeaways from this analysis. As we can see best companies to work for have beaten SPY by a considerable margin in 8 out of the 10 years (80%) of our analysis timeframe. Even in the years that our strategy did not beat the market, the difference between the returns was negligible. + +**Conclusion** + +No matter how you slice it, the above analysis shows that companies that are exceptional places to work create exceptional returns to their shareholders. + +I think this ties in nicely with our initial hypothesis that companies having great culture will have happy employees that create the best possible results and also would attract top talent. Both of these in turn would lead to market-beating shareholder returns. + +Now you know what to do when the next year's results come out! + +Google Sheet containing the data and my analysis: [here](https://docs.google.com/spreadsheets/d/1NF48A0p6L4V_79XkJVdOCT_jAdP1vKlC3ix5e44xXXM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the benchmark as S&P500 as the Best Companies to Work for list contains companies across industries and I think that S&P500 is a fairer representation of the overall list. + +\[2\] 6 out of the last 10 years, the top company to work for was Google. + +*As always, please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis. + +If you found this insightful, please share it with your friends :) + +[WhatsApp](https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) | [Facebook](https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) | [Twitter ](https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=)| [Reddit](https://www.addtoany.com/add_to/reddit?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) +Many moons ago I wrote a DD on the history of the DTC and their Stock Lending Programs, which have enabled Naked Short Selling and FTDs for decades. + +[You can read it here.](https://www.reddit.com/r/Superstonk/comments/o9r43h/nscc_mitigate_ftds_by_just_borrowing_stock_from/) + +The DTC changes the name of their program ever so often (likely just to confuse non-insiders), but the spirt of the program remain the same. The current in effect program is the **Collateral Loan Program.** + +[You can read about it on the DTC website here.](https://dtcclearning.com/products-and-services/settlement/settlement-services/collateral-loans.html) + +They do a FANTASTIC JOB of making it sound incredible complicated so let me boil it down for you. + +**The Collateral Loan system** basically allows different participants at the DTC, so for example two separate Broker-Dealers, to **borrow ASSETS** and **receive some kind of COMPENSATION** (often called a LOAN). + +The reason for the borrow may not explicitly be to service a SHORT SALE, (they make it much more complicated than that) but rather another broker "just so happens" to really want that particular collateral. In this way your Broker can tell you they are NOT lending out your shares, and they technically are not... they're just posting it as collateral. The theory is they are swapping collateral with each other (actual GME shares) to satisfy FTDs and keep the game of hot potato going indefinitely. + +The Broker-Dealers receive a nice payment, they get their real GME shares back again, and the game continues. This program is the bedrock of synthetics since it allows many more shares to be actively trading, and huge short positions to be opened which are never closed, as long as members can agree on the loans. + +Here are the DTC 'rules' for participating in the **Collateral Loan Program.** + +"The guidelines for using the Collateral Loan Program are as follows: + +1. You can use the Collateral Loan Service function, the Computer-to-Computer Facility (CCF), or Message Queuing (MQ) to **submit collateral loan pledges and release requests to DTC**. Release returns are also available through CCF and MQ. However, release approval is available only through the Settlement User Interface. +2. You must **ensure that the securities you are pledging are available in your general free account.** +3. When a **stock distribution requiring due bills is declared on securities pledged as collateral, the distribution automatically becomes additional collateral.** \*(These are DIVIDENDS people) +4. In the instance of a substantial cash distribution, for which an exchange or similar securities organization would require due bills to accompany stock certificates, for the amount of cash accruing on pledged shares, the Pledgee may direct DTC to pay such funds directly to it as partial repayment of the loan. Otherwise, such funds will be paid by DTC to the Participant. +5. At any time, the pledgee can direct DTC to deliver pledged securities (demand of collateral). +6. Voting rights are assigned to you for pledged securities." + +Here's where it gets interesting: + +" A demand of collateral takes securities that you pledged to a pledgee and places them in the general free account of a DTC Participant designated by the pledgee. Pledgees can enter demand of collateral instructions by using the Demand of Collateral function or by making special arrangements with DTC's Settlement Department. A pledgee that is a DTC Participant can move securities to its DTC Participant account. "' + +So, theoretically, as we are Direct Registering on the Computershare Participant Account we should expect to see any other Broker-Dealer/Participants who are using GME as Collateral Loans demand the return of that collateral as they MUST transfer it to Computershare. + +This withdrawal of collateral SHOULD result in FTDs to begin spilling out as the collateralized inventory is depleted. + +Interestingly I recall reading of some DTCC new rule some months back that talked about how Collateral was being rehypothecated multiple times and they wanted to stop that... If this rule was indeed implemented and enforced it would mean every share withdrawn from lending members will cause a Demand for Collateral and upon the next reporting cycle might we see FTDs? + +Technically your Broker-Dealers ARE NOT lending out your shares to short sellers- so what they are saying is true, however THEY ARE using the securities in their DTC Participant Account as PLEDGED COLLATERAL and receiving payment for that. The party who is receiving that collateral can use it to satisfy FTDs and then return that collateral. The process begins again before the next FTD cycle. + +This is why Computershare is so important. The Broker-Dealers are all complicit in maintaining this systemic fraud. Register your shares and it all blows up. At some point brokers will stop registering shares. What happens then is anyone's guess, but this is what happened with CMKM according to DR T. + +https://preview.redd.it/xd6jgdgnhqp71.png?width=582&format=png&auto=webp&s=a67ff9322010f2609f0fd46be05dce428402b15a + +&#x200B; + +https://preview.redd.it/aab7z6vwhqp71.png?width=856&format=png&auto=webp&s=7bf6957b8a1ca4c90b5c82f87c493ec5df5d781d + +**UPDATE:**I forgot to mention that the DTC is working on a new version of their lending program called:**SET Security Financing Transaction (SFT) Clearing** + +" The Depository Trust & Clearing Corporation (DTCC), through its equities clearing subsidiary, National Securities Clearing Corporation (NSCC)**, is constructing a new model for central clearing of equities lending and borrowing transactions**, leveraging its clearing capabilities, risk management and efficient infrastructure to provide the market with a bilaterally cleared **stock loan service**. The new Securities Financing Transaction (SFT) Clearing service is expected to launch in 2021, pending regulatory approval. " + +They have now DELETED the original page on DTC announcing this but this is the original [FACT SHEET.](https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/SFT-Clearing-Service-Fact-Sheet.pdf) + +[404 Not Found](https://www.dtcc.com/clearing-services/equities-clearing-services/sft) + +**UPDATE 2:**Here's a riddle for you. + +If you go to a NEW bank and tell them you have XXX stock in Broker ABC, please give me a Collateral Loan, do you know what they will tell you? NO. + +If you go to a NEW bank and tell them you have XXX stock Direct Registered in your name, please give me a Collateral Loan, do you know what they will tell you? YES. + +Why do you think this is so...? + +**UPDATE 3:**DTC also has a partition in the Collateral Loan Program that covers a circumstance when another participant does not return their collateral. I have a feeling this may come in handy soon: + +"**Honest Broker** is a procedure to **facilitate the liquidation of security positions that have been pledged by book entry in DTC**. **It is exercised only in extraordinary circumstances,** for example, when a pledgee is unwilling to release securities to a pledgor (**typically, a broker under financial stress).** " + +**UPDATE 4:** + +[NEW POST, Computershare is a COMPETITOR to DTC. Read here.](https://www.reddit.com/r/Superstonk/comments/pw0opj/computershare_is_a_competitor_to_the_dtc_comment/) + Celsius is halting all withdrawals, swaps, and account transfers due to volatile market conditions. There are a lot of rumors floating around about Celsius being in danger and having to unwind its stETH positions off peg to meet ETH withdrawals, which could cause some of their loans to default. + +Although stETH is not ETH, you will be able to convert it to ETH once ETH2 staking is enabled. So far, 1 ETH is equal to 1 stETH. However, many started withdrawing their funds from Celsius. According to the latest estimate, about 50K ETH left Celsius per week. If this continues, they will have to make some difficult decisions. + +As a side note, AlamedaResearch also abandoned its holding and sold roughly 50K ETH a few days ago and Celsius is likewise running out of money to repay their investors, with a whopping $1.5 billion in outstanding requests. + +Celsius borrowed $1 billion from clients and used their ETH/stETH as collateral. That means Celsius has control over the ETH that users are handing them, so I'm guessing the staking isn't done through a decentralized on-chain manner. If they sell enough stETH, the price of stETH could fall. + +As an investor in Celsius and someone who has been involved in crypto since 2013, when I bought my first coins on Mt.Gox via BitInstant and sold some of my BTC and was involved in the bankruptcy proceedings, it has all the hallmarks of an insolvent operation similar to Mt.Gox and QuadrigaCX, and I believe they will be unable to continue operating and servicing withdrawals until some further notice… this all just has all the red flags and because of that, I am out. + +On the plus side though, there are other much better alternatives out there like Haru Invest which differs from Celsius in that their assets are neither staked or collateralized on other platforms and that they are the only ones who trade and manage their assets. + +I also believe Nexo has offered to buy out Celsius and all of its loans. And Nexo will probably be one of my alternatives too. I’m hoping Celsius does the right thing soon so that hopefully people will get their money back. +The company expects to reduce its headcount by another 11,000, including 7,000 layoffs, on top of almost 20,000 already announced and end next year with around 130,000 employees, about 40% less than when it merged with McDonnell Douglas in 1997. + +The collapse in airline traffic and reduced aircraft production have already cost the U.S. aviation industry around 100,000 jobs so far this year and another 220,000 are at risk, according to the Aerospace Industries Association, a trade group. + +[https://www.wsj.com/articles/pandemic-drives-more-boeing-job-cuts-11603887197?mod=latest\_headlines](https://www.wsj.com/articles/pandemic-drives-more-boeing-job-cuts-11603887197?mod=latest_headlines) +Last night I heard about a launch on a new coin, “crypto hippies”. A lot of tiktokers were promoting it, it had a really well made website, all social media platform, telegram etc.. so it seemed promising to me. I decided to set an alarm for 9:00 AM which was the launch time. And I decided to invest a little over $3,000 into it. My hope was if I get in early I can possibly 5-10x my money and get out. Purchased the coin and watched the buy and sell orders fly in. Then, a massive amount of buys and ZERO sells. I didn’t think much of it but I go and shower for work and I come out and it goes from .07 to .0001. They dumped everything, no one was able to sell. The developers cashed out and I lost everything. I honestly am at a point in my life where my job is making me so depressed so like a lot of people I’m looking for a get rich quick method, and meme coins seem to be what the hype is all about now. But because of my irrational decisions and not enough research I am now down $3,000. Which isn’t a lot to most people but this was pretty much all of my savings. I know that’s a stupid decision to make but it made sense to me and I’m just doing my part and warning people to always do research and be cautious and never invest money you can’t loose. I am loosing my mind over this honestly, I can’t focus at work I can’t eat, and I probably won’t sleep. But lessons aren’t free in life. And I hope this can help someone out there before they make the same mistake I did. Take care! +Let's suppose that I make 100k a year at my current job that I really enjoy. I am working on cutting-edge projects, have a great manager, am given freedom to do my job on my own time, and is seen as somebody who is a top performer and likely to become a team lead down the road. In short, the job is great and i'd rather not leave the company. + +On the other hand, I receive about 2-3 requests a week (for at least 6 months now) for interviews working at different companies where I would be a team lead and make, say 150k a year. 50k increase! The projects and technology will still be interesting, but am not sure that culture & environment would be as good. To be honest, It is extremely rare for someone my age to have the amount of experience that I do, which is what puts me in demand. + +Now, my manager knows this and always tells me about how I have great things coming down the road for me and I believe him. He hasn't let me down so far and I believe we have a great relationship. I really would like this \*hypothetical\* increase in salary, but would like it while staying at my current company. I have never acted on any of the many interview requests b/c I know I like working at my current company. I do not want to go down the route of getting the offer first, and then negotiating with my current company; I feel that may alienate my manager and not be good for my longevity at the company. I know that they want to keep me, so I am wondering how to bring this up with my manager without making them feel like I am planning on leaving (I would love to work at this company forever, as long as they keep rewarding me with more responsibilities and pay!). + +How should I talk to my manager about the fact that I am being contacted by other companies who are willing to value me more and give me greater responsibilities, without threatening to leave and ask for the raise at my current company? + +(Numbers used aren't accurate, but % increase is) + +Thank you! +After RC mentioned the stock so heavily, my gut tells me the OG will be returning. If it’s safe enough for RC to come this close it has to be safe enough for the King to talk about his favorite stock. May be wishful thinking, but it seems the everything is about to burst wide open. As always BUY HODL DRS, love you apes. +The day we left r/GME, this sub had about 250 members. Now look at it. You apes, all of you, are beautiful, diamond-handed smooth brain crayon-eating rocket-launching legends. I've never seen a sub grow so fast. + +Please take a look at the rules. We did our best to keep them simple, and while we are focused on a non-censored sub, we will remove if we must. We do have some mods who have graciously dedicated their time to help moderate the sub, so give them some props. + +And without further adieu, here is the daily discussion: +From Sky: + +>**The UK's energy price cap is expected to rise in October to around £2,800, Ofgem's chief executive says.** +> +>The cap which applies until 31 September is currently £1,971 a year, which was itself a 54% or £693 rise from the previous cap six months earlier. +> +>Ofgem chief executive Jonathan Brearley has told the Business, Energy and Industrial Strategy Committee that in October it will be "in the region of £2,800". + +That works out to a \~42% increase from the current cap, and a \~119% overall increase since the pre-April cap. Pretty grim reading. + +[Source](https://news.sky.com/story/cost-of-living-energy-price-cap-expected-to-rise-by-830-to-2-800-in-october-says-ofgem-chief-12620359) + +EDIT: Lots of the same questions in comments so here are some resources/answers: + +[MSE: What is the energy price cap?](https://www.moneysavingexpert.com/utilities/what-is-the-energy-price-cap/) TL;DR It's a cap on the **unit** price of gas and electricity. Unfortunately it is incredibly badly communicated by Ofgem using this "typical energy use" example figure of £XXXX a year which is both confusing (because it gives the false impression it's an absolute cap) and useless (because it tells you nothing about how your own bills will be affected). + +[MSE: Is it time to fix my energy bill or should I stick on the price cap?](https://www.moneysavingexpert.com/utilities/-are-there-any-cheap--fixed-energy-deals-currently-worth-it--/#letusknow) TL;DR As of today it may be worth switching if you've been offered a fix that's no more than **30%** higher than the current price cap. There's basically only a few tariffs that meet this criteria and they're not available to everyone. + +[MSE: What are the CURRENT price cap unit rates?](https://www.moneysavingexpert.com/utilities/what-are-the-price-cap-unit-rates-/) Here they are: + + unit rate/standing charge for CURRENT cap of £1971 + gas: 7p/27p + electric 28p/45p + +What are the unit rates if the NEW predicted price cap is actually £2800? + +Well that's a good question that's not easily answerable because we don't know how Ofgem will split the cap between the standing charge and the actual unit rates of each fuel (and they're sure as shit not going to tell you until well after the time when you needed to make a decision about fixing, thanks Ofgem, very cool). However, MSE mentions an OVO fixed tarif which is roughly equivalent to the predicted cap with the following costs: + + EXAMPLE unit rate/standing charge for PREDICTED cap of £2800 + gas: 11p/28p + electric: 42p/44p + +This is highly speculative of course and should be taken with a grain of salt, but good enough for getting a ballpark estimate of your bills/how fucked you are. + +[MSE: What should I do if I'm struggling to pay my bills?](https://www.moneysavingexpert.com/utilities/how-to-get-help-if-you-re-struggling-with-your-energy-bills-/) Some limited help here for some. Good luck folks. +So I've been seeing a lot of posts damning GDAX for how they handled yesterday's flash crash, and now I see that some scum lawyer is trying his hand at a class action suit. This is ridiculous guys, a lawsuit (as fruitless as it will be) will do massive damage to the crypto market as a whole. I've outlined my reasons why you're not getting your money back, and why GDAX operated entirely within the law with their actions. + +--- + +1: GDAX is **NOT** required to offer a margin call + +This is a big one for me. The SEC states very clearly that a margin call is offered at the discretion of the exchange, and they're allowed to liquidate your position *without* prior notification to the client. If you don't believe me, just give this page a look. https://www.sec.gov/reportspubs/investor-publications/investorpubsmarginhtm.html + +2: Traders that were engaging in margin trading were likely breaking GDAX's ToS by not meeting their requirements for margin accounts. They require that you meet the "Eligible Contract Participant" requirements that are laid out in Section 1a(18) of the Commodity Exchange Act. Failing to meet these requirements means you lied to GDAX when you signed up for your margin account. Here's their ToS https://support.gdax.com/customer/en/portal/articles/2769116-margin-trading-agreement + +Also note that GDAX is not legally required to vet that the trader meets these requirements. As laid out in the SEC regulations on margin trading, all an exchange is required to do to establish a margin account is get the signature of the account holder. +-- + +3 Finally, traders are responsible for understanding the risks of margin trading, and how to manage/mitigate that risk if they choose to engage in it. It's absurd to expect that GDAX will refund these transactions because some very inexperienced traders didn't know what the fuck they were doing. It's tantamount to demanding a credit card company wipe your debt out because you didn't understand the risks of spending on credit, or that it was "too easy" to get access to a credit card. + +--- + +We as a community need to resist the temptation to demand the death of GDAX/Coinbase, and think about the consequences of one of the largest exchanges in the US being sued. It will greatly damage the public perception of cryptos, ultimately hurting all of us more than the events of yesterday ever did. + +/endrant + +Edit: Class action **SUIT**, not a double room DOH + +Edit 2: Well shit son, this blew up more than I expected it to. I wanted to post an updated response, because I do think there were some issues with the title of this post. The title was shit, and very inflammatory. I still stand by my points though, and truly do believe a lawsuit is pointless (especially class action) - but that doesn't take away from the traders rights to feel wronged and seek justice. +Tomorrow is my bday so I'm pretty pumped to not only share this day with RC's dad, but also with the ever anticipated earnings release. This may be fueling my faith in an amazing announcement. But if you think about it, from his prospective, why would he have anything less than stellar results if he decided to share that announcement with his dads bday. I know this has been said before about this decision. Just so jacked about it! Needed to echo here I guess lol sorry + +*EDIT* Many people are talking about being ready to be hurt again. I want to make a point to clear up some confusion. I am not expecting nor referencing a special moass button to be pushed, or some cataclysmic announcement to be said. What I am pumped for is, YET ANOTHER, great quarter earnings report I am pumped about numbers only. Both the revenue and the drs numbers. That is it. I could care less about a dip after the call, or any price action as an immediate result for that matter. Because it means nothing. As an investor, my concern is the numbers. As all of yours should be as well. This is what defines a company's success. Not just share price. The price is fake af right now and means nothing. It's like going back in time and not being satisfied buying Google at 50 when you wanted it at 35. Looking now, did either really matter? Until the price isn't fake anymore, it means nothing. I revel in the numbers. So stop whining about being disappointed by a dip or that RC doesn't hit some magical moass button. Even if he could. He wouldn't. He's been telling us since the beginning that he is RESULT ORIENTED, and wants his actions to be seen and not heard. Thus his silence. These actions are measurable, and they are measured in the earnings. So be pumped for that. Not some silly announcement that is gonna "scare" shf into closing. That's not how this works. Once the results beat the tipping point, it won't be a matter of scaring them with facts, and data, and proof of lies. The computers will liquidate and do our job for us. RCs job is to make the company successful. And there is only 1 catalyst to this and that's the SUCCESS OF THE BUSINESS. That's how you best shf. That and drs of course lol +I live in an area where 200,000 will get you a decent home at best. It's certainly more common to see them 300k and up. But Even at 200k, that's means I would need to have saved 40k to put down if I follow the conventional wisdom of 20% down. Where the hell do normal people come up with that kind of scratch? Am I crazy for being 29 and not having anything close to that kind of money on hand? Between the money that gets funneled into my 403b and pension, it seems like it's going to be forever a way before I'm sitting on a nest egg of near 40,000. + +Any insight??? +It feels like the quality of posts from this community is spiraling downward. For every good, thought provoking post, there are 15 that can be summed up as: + +"What do you think about XXXX stock? It yields XX% and I think it's good" + +Try to at least have a general investment thesis to react to. So in addition to the yield, talk about valuation, talk about growth, talk about the balance sheet, talk about competitors, talk about historical performance, talk about the management team, talk about total return, etc. + +These low effort posts are out of control +I have been digging through all of the data from each SDR data repositories and found that I could obtain data from The DTCC, CME, Markit, REGIS-TR, and UnaVista. The only one I was unable to obtain data from was the ICE Trade Vault. So, we reached out to the CFTC who reports all SWAPS to see if we could find historical data. But apparently the CFTC changed the code to their service platform and will not be reporting any SWAPS at all in 2021. + +https://preview.redd.it/iexkgonr8qk71.png?width=1306&format=png&auto=webp&s=5ed5577794067fff91b3b98b52bdf70ce2408c53 + +Edit 1: Alright, so a lot of you suggested I put in a freedom of information Act request so I did... Here's what I wrote. The Dodd-Frank Act requires that the CFTC publish a report on trading, clearing, participants, and products in the Swaps market on a semi-annual and annual basis per (CEA Section 2(a)(14)). The CFTC had elected to publish a Swaps report on a weekly basis. Currently, in 2021 the CFTC has not published a semi-annual Swaps report and their most recent public data reporting was done on 11/20/2020. That data is 9 months old and outside of the range of which Dodd-Frank requires a semi-annual data report. I would like to inquire to receive a copy of the data in any format excel, word, powerpoint, PDF or any other format? + +&#x200B; + +https://preview.redd.it/1t9qubj6oqk71.png?width=577&format=png&auto=webp&s=63187055504a192017b16d61a916f070d0a72118 + +&#x200B; + +&#x200B; + +Edit 2: CFTC Tweet Today + +&#x200B; + +&#x200B; + +https://preview.redd.it/5humw4bnsrk71.png?width=896&format=png&auto=webp&s=c2f5f0556a746f1838bc6e513889f38ec799e5da + +&#x200B; + +Edit 3: ISDA & Markit: + +&#x200B; + +[ ](https://preview.redd.it/d9b6qep8gwk71.png?width=527&format=png&auto=webp&s=4474e635b9f9171f5771ae1cb0cd57c7b15d1822) + +&#x200B; + +Edit 4: The SEC and Security Based Swap Dealers: [https://www.sec.gov/page/key-dates-registration-security-based-swap-dealers-and-major-security-based-swap-participants](https://www.sec.gov/page/key-dates-registration-security-based-swap-dealers-and-major-security-based-swap-participants) + +&#x200B; + +Edit 5: Here is all the publicly reported Swap Data I can find. + +ICE Trade Vault: [https://www.icetradevault.com/tvus-ticker/#](https://www.icetradevault.com/tvus-ticker/#) + +CME Data Repository: [https://www.cmegroup.com/market-data/repository/data.html#equity](https://www.cmegroup.com/market-data/repository/data.html#equity) + +DTCC Data Repository: [https://rtdata.dtcc.com/gtr/tracker.do](https://rtdata.dtcc.com/gtr/tracker.do) + +IHS Markit Securities Lending: [https://ihsmarkit.com/products/securities-finance.html](https://ihsmarkit.com/products/securities-finance.html) + +UnaVista London Stock Exchange Historical Data: [https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/unavista-solutions/regulatory-solutions/emir-reporting/trade-repository-public-data/historical-trade-repository-public-data](https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/unavista-solutions/regulatory-solutions/emir-reporting/trade-repository-public-data/historical-trade-repository-public-data) + +REGIS-TR Data Repository European Union: [https://www.regis-tr.com/regis-tr/public-data/regis-tr-uk-ltd](https://www.regis-tr.com/regis-tr/public-data/regis-tr-uk-ltd) + +BIS International OTC Database: [https://stats.bis.org/statx/srs/table/d8](https://stats.bis.org/statx/srs/table/d8) + +&#x200B; + +Original request request and reply from CFTC: [https://www.cftc.gov/csl/21-18/download](https://www.cftc.gov/csl/21-18/download) + +&#x200B; + +Also the Securities Lending Times: [http://www.securitieslendingtimes.com/interviews/interview.php?interview\_id=109](http://www.securitieslendingtimes.com/interviews/interview.php?interview_id=109) + +&#x200B; + +Edit 6: The Best Total Return Swaps Video (sorry for the shit audio) [https://www.youtube.com/watch?v=R\_Av92C5F1s](https://www.youtube.com/watch?v=R_Av92C5F1s) + +&#x200B; + +&#x200B; +So as the title states, those of you that stayed invested in the market during 2000/2008 would you have changed anything during that period of unrest? I know every single post/video etc shows that staying invested and DCAing during a recession is the best strategy in paper and through their calculations, but for those that ACTUALLY did that during those hard times what was that like? Would you have changed anything? How did that emotionally impact you? + +I feel so many here maybe going through their 1st, or 2nd economic downturn like we’re seeing now, so anecdotally, how does previous experiences during 2000/2008 compare to your strategy/mindset now? + +Edit: Wow! The feedback is incredible and I really appreciate everyone's personal stories. Seems that the stories all boil down to- + +TLDR: INVEST and stay invested if anything increase investments! +This week I got paid as usual. What's not usual is that the $187.50 I put into my new(ish) savings account. Putting me to $965(ok not quite 1k sue me). I'm incredibly excited to be finally saving and being financially intelligent/sound. Reddit has helped me so much, thank you all. Just last year at this time I had no retirement, no savings, no money, and no plan. That's all changed because I was able to learn. So again thank you all. + +Edit:words + +Edit: Sidenote lol I also hit my 1k karma savings as well for the first time. Thanks for the upvotes people. Wish I had joined reddit sooner! + +Edit:more words and some formatting. + +Edit: shamefully more words. + +Edit: just put the 36.67 into the account to officially be 1k! + +Edit: almost 1k upvotes haha thanks I never imagined this. You guys rock and have made this a special day. +*This is not financial advice. I am a retard who always lets one banana in the bunch he buys go bad because I can’t time eating the bananas correctly.* + +**This post will re-analyze Cohen's tweets and Gamestop's positive price movements in relation to** u/Criand's new T+21 net capital thesis. + +&#x200B; + +First of all I would like to lead you to Criand’s new post, “Revisit to Net Capital”. + +[https://www.reddit.com/r/Superstonk/comments/ny2ov4/a\_revisit\_to\_net\_capital\_what\_is\_truly\_driving/](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +I believe that TA does not apply to our favorite stock (but look forward to Elliot Wave guys proving me wrong), but the initial T+21/T+35 cycles were unique in that they don’t rely on normal stock behavior, and instead analyze the unique situation GME is in (excessive shorting, FTD’s). Additionally, it has had almost a 100% success rate at predicting price movements. + +I believe the net capital requirement thesis ties this together by eliminating loose ends in the previous theory, such as the shaky T+35 price movements, in addition to providing a solid explanation as to *why* these movements occur. + +**I decided to take this opportunity to revisit speculation on Cohen’s tweets/Gamestop major news**, their timing, and analyze if these were the causes of price movements (and thus not the actual cycles). I decided to investigate by going full retard on my only day off and investigating each news report compared to the net capital cycle. The result has my ***tits absolutely, indescribably jacked***\*\*:\*\* + +&#x200B; + +# If you’d like to follow along, let’s open Criand’s beautiful chart - + +[https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7](https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7) + +and take a look with some positive Gamestop news catalysts and tweets from our favorite Ryan Cohen. I’ll keep this area to data only and leave speculations for the end. + +&#x200B; + +# 1. The Ice Cream Cone + +[https://twitter.com/ryancohen/status/1364650709669601289](https://twitter.com/ryancohen/status/1364650709669601289) + +Ryan Cohen tweets the famous ice cream cone on Feb 24, **lining up perfectly with the T+21** net capital requirement date. The price rockets that day. + +&#x200B; + +# 2. Voluntary redemption of senior notes is announced. + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +GME announces a voluntary early redemption of senior notes on April 13th. Price spike is April 13 AH – T+14 date is April 15th. The positive news does not correlate with price movement. + +*Side note:* DFV Final Yolo update: April 16th + +&#x200B; + +# 3. Cohen train tweet. + +[https://twitter.com/ryancohen/status/1386485746916380673](https://twitter.com/ryancohen/status/1386485746916380673) + +April 25th: Cohen tweets a train coming. South Park. **This is** **one day before the T+21** or 75% Net capital cycle. Additionally: + +# 4. Gamestop announces completion of the At-The-Market equity offering program. + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program#:\~:text=GameStop%20disclosed%20on%20April%205,time%20through%20the%20ATM%20Offering](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program#:~:text=GameStop%20disclosed%20on%20April%205,time%20through%20the%20ATM%20Offering). + +This news is **placed directly on the T+21** date. *Price spikes.* + +&#x200B; + +May 3rd; Gamestop completes voluntary early redemption of senior notes, leading them out of debt. + +T+7 is May 5th, no price movement on this announcement. They also announce acquisition of a 700,000 sq. ft fulfillment center, resulting in *no price movement*. + +May 11; Gamestop tweets man on the moon, T+14 is May 14th, + +May 12, Gamestop Esports twitter profile is launched. + +None of these announcements result in significant price movement. + +&#x200B; + +# May 25, Ryan Cohen tweets “Don’t try this at home” at 12:32 AM, midnight before market open on the T+21 cycle the next day. + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +*Price spike.* + +&#x200B; + +Later that day, the Gamestop NFT is found. It has a launch date of July 14, 1 day before June 24 T+14 cycle. + +&#x200B; + +May 29, Cohen tweets “R.I.P. dumb ass”, noting that the T+21 cycle has been figured out and the Hedgies. Are. Fuk. + +&#x200B; + +# Speculation: + +Cohen is *fully aware* of the T+21 net capital loop that the hedge funds are trapped in. Given that both good news and hype tweets are clearly insufficient to result in a positive price movement (See: May 3rd, May 11, May 12, April 13), I am highly doubtful that an ice cream cone tweet is enough to drive up the price by over 100%. + +I believe that Cohen has had this figured out since very early on, and that’s clear in his tweet behavior on later T+21 dates. + +**This can also explain why Gamestop made the choice to conduct a share offering on 6/9 -** + +6/9, the Gamestop shareholder meeting, as meme of a date as it may be, is *not* on a significant net capital requirement date, and thus Cohen and friends were well aware that the price would fall again. To counteract negative sentiment, he announces the share offering; effectively, FUD immunity, because any negative movement can be attributed to it. Additionally, it provides *1 billion dollars* in capital for future positive announcements, which he can place on the T+21 dates; for example, the June 24 T+21, which is in close proximity to the Russel rebalancing. Note: So far, only Cohen tweets have lined up with T+21 dates. If positive Gamestop news; an acquisition, a dividend, NFT’s, esports deals lines up… oh god. No dates, but those with shares have nothing to worry about - they're in good hands. *Only up.* + +&#x200B; + +**Tl;dr:** Cohen is well aware of the T+21 dates and has lined up his own tweets *in clear indication* of it. The 6/9 ATM market offering, although I know many apes including myself were disappointed by, is basically FUD immunity as the price falls in between T+21 cycles. Furthermore, it raises capital for positive corporate announcements which can be lined up with T+21 dates, which so far, only Cohen tweets have lined up with. Price movements are largely irrelevant to news. + +*We’re in good hands. If you hodl shares, there’s nothing to worry about. HODL!* + +&#x200B; + +Edit: formatting. If anyone has criticisms, announcements, or additional news that I missed, please comment below. + +*Not financial advice.* + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Guys I fucking missed one. + +&#x200B; + +&#x200B; + +# On March 25, Cohen tweets our smoky teddy, + +[https://twitter.com/ryancohen/status/1375159657166209031](https://twitter.com/ryancohen/status/1375159657166209031) + +**Lining up with the T+21** date on March 25th. + +With this, out of 18 Cohen tweets since his activity in Gamestop, 4 of them line up with the 5 T+21 cycle days thus far, missing only the first one on January. While it is *possible* that this is a coincidence, given that there's about 180 days since the beginning of all this I don't think it's very likely. If anyone is a statistics legend and could calculate the probability that this is random it would be much appreciated. Also, I don't think there's much of another reason why he would tweet an ice cream cone. + +edit: Reached out to friend who is a statistics major. He just graduated and doesn't want to do math but his response was - "Pretty sure though just from inspection it'll be statistically significant". + +edit 2: Update - math wrinkle brain messaged me with: + +"I can't post bc of karma but the probability of having at least 4 right dates on 5 while picking 18 out of 180 is **0.0339%** It's an hypergeometric law." + +In basically any statistical research model this is ***significant***. As always if anyone has any corrections to this please comment or message me. Tits jacked! +If you are glued to the charts and stressing over todays dip... relax your tits. Experienced apes warned you yesterday to expect this. Old news. + +Just keep in mind: + +1) GameStops Board has a fiduciary duty to their shareholders. They have a legal obligation to make sure any decision they make benefits their shareholders... + +2) The CEO got hired-on and given stock allotment at a price in the $200's. He isn't going to watch his salary depreciate by 40% for nothing. + +So... don't fret too much if they are being silent right now. They think that it is legally their best course of action. Otherwise GameStop would be facing the mother of all lawsuits after this is over... + +So. What is GameStop actually doing? + +In my opinion... they are building their own blockchain stock exchange. + +They aren't just worried about NFT dividends. They aren't worried about shorts covering on the open market. + +They have set the stage to take their ball and go home. + +They posted in their release during the 5mil share sale that they could take their shares to another depository if they feel it was needed. + +https://sec.report/Document/0001193125-21-186796/#supprom192873_21 + +*"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."* + + +IMO: **They are talking about *their* depository.** + + + + +We have had employees talking about changing the entire financial system: + + + +Apes, we aren't just investing in a retail store. We're possibly investing in the next, and first, US-based blockchain stock exchange... + + +What if the SEC meetings in May weren't to discuss GME's stock, but to discuss the regulations on opening a new exchange? + + +What if the 5mil stock offering wasn't to fund new expansion, but instead, to fund that new stock exchange? + + +What if all the recent DTCC rules haven't been implemented simply to limit short liability... what if it's to limit the exposure to a share extraction? + + +What if RC went to the SEC and said "Stop this shit from happening, or I'm taking every share of my company off the exchange"... and THAT's why all these rules have been fast-tracked onto the books?... + + +What if we are the first investors in the only US-based blockchain-supported stock exchange? + + +What if GameStop really does change finance forever... + +**Edit:** + +u/clawesome just posted this awesome detective work: + +https://old.reddit.com/r/Superstonk/comments/otdhum/the_ethereum_address_ive_been_following_with_the/ + +It shows an ETH address that he has been following, that has had deposits made in the same amounts as the shares that GME has recently issued. + +This is actually not unheard of, either. A company owns the Nasdaq Exchange (Nasdaq Inc) that has itself listed on the Nasdaq (Ticker: NDAQ). + +**Edit edit**: + +Fellow Ape pointed out tZero. I agree it makes infinitely more sense to join an existing blockchain platform than to create one. I can not edit the title or I'd include this... + +Either way... I don't think GME is going to be listed on it's current exchange much longer... + +**Edit edit edit**: + +GameStop just listed an absolute shit ton of corporate job positions on their website... Including multiple Data Scientists etc... +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Source: [https://www.consultancy.uk/news/13907/whole-foods-hires-bcg-to-support-large-change-programme](https://www.consultancy.uk/news/13907/whole-foods-hires-bcg-to-support-large-change-programme) + +So, people have been mentioning Amazon being the dark behind of all this. I believe BCG is evil but not final evil. + +Amazon is the one pulling string behind of all this. + +What is Amazon's recent acquire? + +# Whole Foods + +Yep, Amazon also merged Whole Foods around that time frame when BCG involved to provide consulting. + +some more digging. There is a thing called BCG matrix. ( I have no idea what the fuck is that). But, this matrix has been applied to Whole Foods as early as 2016, which is a year prior to the merge to Amazon. + +&#x200B; + +&#x200B; + +Edit ------ + +Sorry, I am going to leverage this hot focus on this thread to promote a guide post on CS that I feel more important than BCG. I confess, I was holding to this Whole Foods thing just so that I can promote a CS guide. But I do believe this is a very important guide. + +[https://www.reddit.com/r/Superstonk/comments/to9838/guide\_on\_how\_to\_remove\_stop\_trade\_restriction\_on/](https://www.reddit.com/r/Superstonk/comments/to9838/guide_on_how_to_remove_stop_trade_restriction_on/) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I have some cool strategies I want to test out but always cost a lot of my time to execute trades. Anyone knows how I can get started making a bot to trade custom strategies? +Looking for motivation for striving for fatfire vs fire earlier on. I understand when entrepreneurs hit it big and sell their business, they rocket into fatfire territory immediately. For others who are grinding their way there with 200-300k income annually, what are the main things you want from fatfire that you couldn't get if you chose to normal fire? + +I don't have many expensive tastes (no interest in alcohol, cars, etc.), but I don't hate my job either. The main luxury I can think of is fancier travel but I'm not sure if it would be worth working longer for it. Put another way, after I hit a normal FIRE target, there doesn't seem to be much to motivate going beyond aside from watching numbers go up or even more financial security. +So last year I cancelled my T-Mobile plan. I went into the store and paid everything I owed up to the end of the billing cycle. I had no phones to be paid off, just the service bill. I paid it off and cancelled my service and they agreed I wouldn't get any more bills since I paid off my current cycle. + +Well the following month I got a full bill as if my subscription was never cancelled. I called into customer service and after a while of arguing with different reps they finally agreed that yes they did make a mistake and it was taken care of. + +Well a few days ago I got a letter in the mail from an attorney's office of some sort saying I can settle the T-Mobile bill for like $100 less than what I "owe" T-Mobile. + +I just checked my credit score on my credit card and it dropped 100 points as of last month. I've never had any delinquent payments and never been sent to collections. According to my cc I had a credit score of 805 3 months ago. Now it's 695. + +I don't know what to do now. I'm pretty upset by this. Do I really have to pay a bill for services that I no longer used?? How do I fix my credit score? +Guten Tag to this global band of Apes! 👋🦍 + +Apes, there is no doubt that this has been a wild week. The jump from $150 up to $190 on Monday, followed by the trading halt and aggressive shorting on Tuesday, followed by turning off options on Wednesday, even more shorting yesterday down to $166, and now the announcement that GameStop is interested in increasing the number of shares that can be issued so they can offer a stock dividend? I knew going into this week that it would have some excitement, but I did not expect this much. + +There is quite a lot of uncertainty about what the 8-K filing does and does not say. GameStop currently can issue up to 300m shares, with only 76m shares currently issued. That they are seeking to increase this limit to 1b shares when they are barely using 1/4 of the currently available number of shares makes me think that this is a move that is looking far into the future. Obviously a stock dividend is a way to quickly consume a large portion of the available shares, but this strikes me as something that is intended to enable their long-term vision for the technology giant that GameStop will become. + +Meanwhile, the fact that the 8-K clearly calls out a stock dividend as a reason to increase the authorized share count makes me wonder if there could be another component to the total dividend issued. Could GameStop issue a dividend that is 1 share of stock and 2 NFT tokens for each existing share? Would such a strategy prevent the kind of lawsuits that Overstock encountered, since the dividend's financial value is clearly the additional share, but there is indisputably another non-monetary component to the dividend? Obviously this is speculation, but the fact that a dividend is on the table opens up a whole world of possibilities. + +Finally, this news puts even more reasons on the table to DRS your shares. Did you know that by DRSing your shares, you'll be able to attend the 2022 Annual Meeting of Stockholders? That the votes you cast for your shares cannot be reconciled away? There is going to be an enormous amount of FUD surrounding this ballot measure, and I cannot wait to see how it plays out. + +Today is Friday, April 1st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$196.37 / 176,88 €** *(volume: 24244)* +- 🟥 115 minutes in: $196.37 / 176,89 € *(volume: 23781)* +- 🟩 110 minutes in: $196.67 / 177,16 € *(volume: 23348)* +- 🟩 105 minutes in: $196.50 / 177,01 € *(volume: 23162)* +- 🟥 100 minutes in: $196.20 / 176,75 € *(volume: 22483)* +- 🟥 95 minutes in: $196.49 / 177,00 € *(volume: 20928)* +- 🟥 90 minutes in: $196.62 / 177,12 € *(volume: 20697)* +- 🟩 85 minutes in: $196.99 / 177,45 € *(volume: 19689)* +- 🟥 80 minutes in: $196.34 / 176,87 € *(volume: 19172)* +- 🟩 75 minutes in: $196.44 / 176,96 € *(volume: 18631)* +- 🟥 70 minutes in: $195.77 / 176,36 € *(volume: 18096)* +- 🟩 65 minutes in: $196.13 / 176,68 € *(volume: 17225)* +- 🟩 60 minutes in: $195.61 / 176,21 € *(volume: 16774)* +- 🟩 55 minutes in: $195.53 / 176,14 € *(volume: 16390)* +- 🟩 50 minutes in: $195.40 / 176,02 € *(volume: 15978)* +- 🟩 45 minutes in: $194.39 / 175,11 € *(volume: 15587)* +- 🟥 40 minutes in: $194.21 / 174,94 € *(volume: 14707)* +- 🟥 35 minutes in: $194.74 / 175,43 € *(volume: 13788)* +- 🟥 30 minutes in: $195.19 / 175,83 € *(volume: 12380)* +- 🟩 25 minutes in: $196.98 / 177,44 € *(volume: 11373)* +- 🟩 20 minutes in: $195.77 / 176,35 € *(volume: 10475)* +- 🟥 15 minutes in: $195.26 / 175,89 € *(volume: 8813)* +- 🟩 10 minutes in: $197.58 / 177,98 € *(volume: 6775)* +- 🟩 5 minutes in: $196.75 / 177,24 € *(volume: 4318)* +- 🟩 0 minutes in: $194.11 / 174,86 € *(volume: 2694)* +- 🟥 US close price: $166.58 / 150,06 € *($194.69 / 175,38 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1101. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +It’s really easy - if you’ve only been trading for a few months - STOP GIVING ADVICE. + +Talk about your experience, ask questions, but for the love of god, shut the hell up. + +I see constant posts and comments from people acting like they are the Wolf of Fucking Wall Street and then you check their history to find a post from 5 months ago asking what broker they should use to get started. + +Not only is it annoying to read but it is almost always WRONG. Unfortunately people on here follow that advice. And guess what? They lose money. Many times it’s money they can’t afford to lose. + +Until you’ve completely busted your account and built it back up, traded in bear markets, managed to actually day trade with a $25K+ account, filed taxes as a Day Trader, then stop acting like you know what it’s like. + +That’s all. Rant over. +I just posted about the CVS Aetna merger and yet when I view the sub logged out the thread has magically disappeared and cannot be seen anywhere. Non in new, nor in rising. + +The rules of this sub are: + +> Questions, ELI5s, etc belong in the weekly sticky. It's refreshed every Monday. Insubstantial threads, thoughtless questions, and poorly conceived posts will be deleted. Violators will receive warning(s) or temp bans. + +So if my post was an insubstantial thread or poorly conceived who's to determine that? How can you objectively determine what is insubstantial or poorly conceived without even giving your reasoning for deleting the thread? + +This sub is honestly shit. You have spam accounts posting links to scam bitcoin sites almost on EVERY post this last week and yet a topic very well suited for discussion this sub gets deleted without any notice. How is that fair? + +UPDATE: STILL no response from the mods! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +With a lot of expertise from all over the place and this subreddit. I have been investing for 6 months. Got myself a $7.5k Portfolio with an annual yield of $540. I get really inspired when I see some of the big fish on here flexing. I also feel inspired when I see older people starting as well. I just turned 21 and can't wait to see some fat "guap", as they say where I'm from, at an older age with patience and reinvesting. +I have 815 shares of Verizon and I am getting concerned. What is everyone’s thoughts on holding vs selling? I want to hold for the dividends but this current slide is concerning. I also own KO, GIS, PFE, TGT, IPLDP, and VTRS but in smaller amounts. +DWAC shot up from under $10 to over $60 today on news that it’s partnered with Trump for his social media platform (and is still running as of this post). This is just a PSA: if you’re thinking of trading this stock, please be careful! I don’t want to see anyone in this community fall victim to FOMO and chase this stock right down a cliff. +Edit. Sorry for the crap title. Was just how I felt earlier when I posted this. + +Tldr? Man orders takeaway multiple times a week for 7 months and is surprised to find out it cost him £3000+ + +Original post: + +Not sure if right place .... + +Just gone through my CC statements for this year (Jan to today) and have realised that me and my partner have spent just over £3000 this year alone on takeout on just my CC alone. I have not yet calculated her spending. + +Im fully disgusted in myself for allowing this to happen especially when we have been "struggling" to save. + +I have deleted all apps and will be looking to try and block payments to them for the future. + +I urge anyone and everyone to have a good sit down and go through your statements. + +Edit 2 - +Just want to say the comments and suggestions are really great. It seems that for some this is a close to home issue, and I agree that some takeaways are worth it as with most things it's all about moderation. +Decided I'm going to start dumping into a lot into high growth biotech stocks, and potentially much more depending on performance. 10y yields rising so much and the market just doesn't fucking care lmao. Have lots of options in US stocks but gonna go ASX as well so I can double dip across time-zones to extract that additional time in market. + +What should I buy? Don't want to hold for more than a couple of months at most + +Edit: + +Made starter purchase (small purchase for now) + +Haven't done any research yet, I'll add more once I do some DD in other stocks + +&#x200B; + +https://preview.redd.it/j5fzbwqa7xw71.png?width=628&format=png&auto=webp&s=ece20689cbefa8cea5972804be8a6f1ce7e7b4b1 + +https://preview.redd.it/usec49m57xw71.png?width=627&format=png&auto=webp&s=d04f3dd51698fab0f2d190340c08dac67cf6d1fd + +Another edit: + +Should of bought more...congrats and fuck you to all those owning IHL today. Annoyed that I didn't buy way more in at open with those juicy gains and volume today + +&#x200B; + +https://preview.redd.it/uxvk5xdf5xw71.png?width=620&format=png&auto=webp&s=ee844ffb1d48f741dd9f342afaef7953f96230e9 +New to the game and didn't invest this before but better late than never. Using Robinhood, I'm looking to drop most into ETFs and be relatively risky (as much as one can be with ETFs), specifically growth oriented: + +VGT- 25%, IETC - 25%, IGV - 15%, VUG - 25% + +The rest 10% in misc stocks like BABA, NVDA, GOOG, AMZN. I know some of my ETFs already have these stocks, but not sure where else to park these. + +I won't need these funds for the next 5-7 years at least (if ever), so what's a good growth strategy for this? Am I better off going with Wealthfront or something and have it auto-managed? +There is a sentiment that you should not hold levered etfs long term, but why is it. I'm looking at returns from the SPY and something like ULPIX and it seems like the leveraged ETFs always win out in the semi-long term (5-10 years), but they trail off around the 20-year mark. What causes this? On the assumption that the s&p 500 will always increase about 7% per year, and I am a robot that does not care about short term immediate loses, what causes the levered etf to provide lower returns over the very long term? +I’m currently going with a 80/20 split between VTI & VXUS. I’m wanting to add an extra etf to help increase my exposer for small-caps since VTI is still pretty large cap heavy. Any recommendations to look at? +For all it's flaws, https://etherdelta.com is a functional DEX hosting millions of $ in trades everyday. +100% bootstrapped no ICO. +Well done to /u/frenchhoudini + +EtherDelta trading bot: https://www.reddit.com/r/ethtrader/comments/7dw5ft/etherdelta_modifiable_autopilot_buysell_bot/ +I’m stumped as to how one can even begin to afford homes valued at $4mn in areas such as Bondi. What type of job does one need to be doing to be able to afford one of these houses? Even if I’m hypothetically making $300k, I still can’t afford these houses! + +Just an aspirational 25 year old seeking some advice. +# EDIT: 002 is not coming into effect tommorow as a fellow redditor has pointed out to me in the comments. It is going to get approved or denied, then implemented either same day or up to 10 days after approval(as far as I am aware) + +# EDIT 2: Fixed some minor formatting and phrasing issues to make the post a little cleaner to look at. (editing on mobile removes the images for some reason) + +Hello fellow apes! So the reason I'm writing this right now, as you might imagine, is because reverse repos have gone haywire. I mean, take a look at this: + +&#x200B; + +[ON RRP last Wednesday](https://preview.redd.it/cl1rnuw43m671.png?width=642&format=png&auto=webp&s=e410e08ad3c4f4f6e406dfce4399cfc36e41b84d) + +[ON RRP the day AFTER](https://preview.redd.it/895krlq63m671.png?width=634&format=png&auto=webp&s=a6eb1c97fbc12997a35af30c4a147c1dd6a80ee5) + +So, what gives? Why did all of these counterparties decide to throw money at the FED like they were at a strip club getting the greatest performance of their goddamn lives? That's a 200 BILLION increase in a day. Well, if you look under "Rate (%)" you'll see the award amount has changed to 0.05. That's right folks, banks and other counterparties are now getting **paid** for borrowing treasury collateral as the reverse repo rate isn't 0 anymore. This basically does 2 things: + +1. Incentivizes more counterparties to throw money into reverse repos +2. Incentivizes said counterparties to be more loosey goosey with how much treasury collateral they are borrowing + +Hence, we have the sudden jump in both counterparties as well as the total reverse repo $ amount. For such a large jump in a day, however, shows that there is a lot of demand for treasury collateral. This proves to me how bad this collateral crisis truly is, and how desperate banks and other counterparties are to get a hold of meaningful collateral. What's weird to me, is the *timing* of all this though. I mean, don't you find it weird that around the same time that 005 gets put into effect, counterparties are incentivized to borrow more treasury collateral? To understand this connection, we need to understand what 005 does. + +# Quick Rundown on 005: + +For some of the newer apes around here, or if you are still a little confused about the recent 005 rule enacted by the DTCC, what [DTC-2021-005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) does (other than soft doxxing people, shame on you DTCC) is essentially making it so if you are borrowing/lending a share, the share being lent is still in the hands of the lender (used to be it goes to the borrower), but is marked as "borrowed". + +[\(Apologies for the bad image\) Before 005, when a share was lent, ownership of the share went from the lender to the borrower, with the lender often in the dark as to what was happening with their shares; this gave openings for rehypothecation and other shenanigans the borrower could do.](https://preview.redd.it/71oiqa5b3m671.png?width=1274&format=png&auto=webp&s=222ab92fe48a0d0c5365a1fe6a2a7a7d87dcba75) + +[With 005 now in effect, when a share is loaned, the ownership is still in the hands of the lender, the borrower gets the share, and the share is marked as \\"borrowed\\".](https://preview.redd.it/iu4ya9sb3m671.png?width=1351&format=png&auto=webp&s=8c89961e59d0e816a166db7242f966f7b2a503cf) + +Through this, you basically can't borrow the same share more than once as well as rehypothecate the shares (meaning you can't re-use the collateral you put up to borrow the share until the share is returned). There's a well written and in depth post that explains it better than I could [here](https://www.reddit.com/r/GME/comments/mi3xdt/dtcc_new_proposed_rule_change_dtc2021005/?utm_source=share&utm_medium=web2x&context=3) that you should also look into if you want a better understanding of 005. + +# The Connection: + +So now that we have a gist of 005, we can begin to connect some dots: + +* 005, a rule that is designed to stop a lot of rehypothecation as well as reborrowing of shares more than once, comes into effect. +* The FED ups the reverse repo rate, causing a flood of counterparties looking for treasury collateral to dump a butt load of money into ON RRP, raising the total reverse repo $ amount by over 200 billion. + +Correlation does not equal causation of course, and this is a loose connection, so we need further proof of anything substantial. Well, take a look at [this](https://www.reddit.com/r/Superstonk/comments/o4hzvx/3rd_tiktok_ive_seen_in_the_last_2_hours_about/?utm_source=share&utm_medium=web2x&context=3): + +[Several Chase customers have started reporting that they have -50 BILLION$ in debt. Ridiculous.](https://preview.redd.it/d422ssip3m671.png?width=1920&format=png&auto=webp&s=87ff62733a72ffead7da116e36160b3dcdf10d37) + +At first I was skeptical that this was a true value and that it could have just been a glitch, but here is what u/jaybaumyo had to say regarding this in the comments: + +[So, 50 billion is a specific number to have as a max number in coding, one so specific that it is highly unlikely to be a glitch in this circumstance and likely the result of something else, such as Chase's debt leaking into their customers bank accounts.](https://preview.redd.it/j5u9ef8r3m671.png?width=669&format=png&auto=webp&s=6af155060ef4d3e017c9d41143ce5bb1e70a318b) + +With Chase customers suddenly reporting -50 billion in debt in their BANK accounts, and with BANKS being some of the primary counterparties of FED ON RRP agreements, my theory is that banks have started getting desperate to hide their debt in any way possible so that they can still stay afloat, even if it means putting their customers in danger. 005 being in place REALLY put banks in fear for a couple of reasons: + +1. How overleveraged *they* are +2. How overleveraged hedge funds like *Citadel* are, that we have been theorizing for a while now have been rehypothecating borrowed shares to help reset FTD cycles. + +If a large hedge fund like Citadel goes down(who massively shorted the treasury bonds market BTW), the banks know it won't be long before they become next, so this incentive to use reverse repos helped the demand for treasury collateral become more visible to the public than it already was and helped crystalize what we have been saying for months now. + +But why is all this coming about now, to the extent that it has other than just the incentive? For them to be this desperate about it, they have to be afraid of something that isn't just DTC-2021-005 (which is already bad enough) . Well, what special certain rule \*cough\* *SR-NSCC-2021-002* is possibly coming into effect TOMMOROW that automates margin calls, and is asking for supplemental liquidity deposits DAILY to NSCC's clearing fund from its members for their overleveraged positions? + +If 002 comes into play, it won't take long before the house of cards comes falling down. They're so desperate in fact, their debt has not only started to leak through their customer's bank accounts, but in other avenues as well. + +# The C-Market Connection: + +Banks, hedge funds, hell the whole house of cards are truly on the brink of destruction right now in my opinion. To truly send this point home, I would like for you to have a look at [this](https://www.fox5atlanta.com/news/crypto-currency-confusion-georgia-man-wakes-up-a-trillionaire) as well: + +Quick Edit: changed the source that reported on this story to a more reputable source + +[You're seeing that right: a Georgia man woke up to 1 TRILLION in his account, after investing only 20 dollars in a random C-coin called Rocket Bunny.](https://preview.redd.it/iqso3j3x3m671.png?width=932&format=png&auto=webp&s=22c1a4e3c37d6a4aee386f6306d71ee847aca13c) + +Now obviously, he's probably not gonna get to take out *all* 1 trillion dollars, but something is definitely suspicious here regarding the timing of all of this. I mean, do you know how much money 1 fucking trillion dollars is? Who the hell is capable of inflating a random C.C. to the extent that a random guy that put 20 dollars into it got 1 TRILLION out of it? There's only two entities that I believe are capable of such feat, and they are ALSO the ones in massively overleveraged positions: + +1. Banks +2. Hedge funds + +But first: Why use the c-market as a way to hide debt, and how? + +1. The c-market is massively unregulated at the moment which is the perfect place to take advantage of to hide a bunch of money. +2. By inflating random C.Cs, when they take profits it could be used to *hide the true value of the debt itself.* + +Let me explain that second point. Right now, as far as we know the overleveraged positions of these entities are *unrealized losses*. They don't become real losses until they exit their positions. So, by inflating random C.C.s , they're using the profits they gain to report larger assets overall on the books vs liabilities (not reporting on what they did in the C-market specifically of course, they *really* aren't required to report that). Since their losses are unrealized, we have the illusion on the accounting front that they are thriving and don't have much debt when they are *actually on the verge of collapse and are probably using these profits to help cover their losses when they become realized.* + +For the c-market, the manipulation could honestly be a combination of both banks, hedge funds and other entities we may not even know of that are also really overleveraged in the market right now. I just think it makes more sense with banks and the hedgies because: + +In terms of banks: + +* The FED is basically hoarding treasury collateral at this point, so banks and other counterparties can only use so much treasury collateral through ON RRP to report less losses on the books. + +In terms of hedge funds: + +* Hedge funds aren't qualified counterparties (to my knowledge) for reverse repos, so inflating random C.Cs is one of the only ways (besides resetting FTD cycles infinitely through rehypothecation/options fuckery, which we know with DTC-2021-005 in effect is next to impossible to keep doing forever now) that they can continue to stay afloat and give the illusion on the books that they have outstanding financial performance. + +# Conclusion/TLDR: + +I think DTC-005 coming into effect was the trigger for the house of cards to finally come down, and with NSCC-002 coming into effect after approval, we could see some potentially catastrophic effects in the market in the near future. We've already been seeing some debt being leaked into customers bank accounts, as well as in the c-market. Banks, hedge funds, and any other massive financial entity in an extremely overleveraged position are probably shitting themselves right now because they KNOW they don't have the money to support supplemental liquidity deposits DAILY as well as the possibility of an automatic margin call, when they are most likely BILLIONS in debt. If I were Kenny boy, I would grab my mayo and start running for the hills. + +# Post DD Message: + +Again guys, I just want to thank all of you for reading through my DD! :) The messages and support you guys have given me on my last post as well made me genuinely very happy to see, and it made me more motivated to continue to try to make some DD! Hopefully you guys have enjoyed reading through it, and as for me I might hang out in the comments for a bit before going to sleep soon because its about midnight right now where I live. As always, I will try to continue to improve my DD in the future and this DD, as with any, isn't perfect; I am glad this community helps to chizzle my DD into something closer and closer to it though with every post. +Let's say that you invested in crypto, and that investment paid off BIG TIME, from night to day you made 50 Million dollars, what would you do? We are talking about life changing money right here. + +I know it's unlikely to happen to the normies of this sub, but it's still healthy to dream about getting rich right? It's our goal when investing after all. + +I really want to know your crypto exit plan, but on steroids, 50 Million after all. + +Personally, I would try to keep it as low key as possible, you always hear about people that win the lottery and then get harassed 24/7. And I don't want any of it. So I would try to hide that info as much as I could until I'm actually comfortable. + +Then I would save money just to pay taxes, as I always see people forgetting about it and ending up in bad places. + +Then I would created another passive income for myself, maybe buy a apartment complex and then rent it? I don't know, but something like that. + +What about you? + + +*Edit: I see a lot of people in the comments without their Vault open, come on guys, you have to open your vaults, otherwise no $50Million for you!* + +#*Edit 2: Thanks for the Happy Cake Day wishes!* +I retired early-ish today, having hit financial independence a couple of years ago. + +Not entirely sober at this point, so I'll keep it simple. + +51/M/5'11"/175lbs ... no, wait, wrong subreddit. + +I'm 51, just hit earliest unreduced pension after 30 years of full-time work. My wife and I have been living on that pension amount for years now. The rest of my salary, and her half-year salary, and our rental income have all gone to paying off our four rental properties - which we did a year ago. + +I liked my job (IT) well enough, but it was stressful (IT). My wife asked me for a few months why I was working that stressful job for money we clearly didn't need. That is, if we were financially independent, and my job was hurting me at least as much as it made me feel good, why was I working for someone else? Finally, I had no good answer. + +So my life and time are now my own and we have more money available than we have been used to living on, and now we have the time to use it. So, now what? That's \_not\_ a desperate cry for help to you all - rather just a bright-eyed head-shake of question to myself. + +I've really appreciated your stories and wanted to chime in at this inflexion point of financial independence. +**Join our telegram and choose the organization that will receive our first donation!** + +[**https://t.me/set\_community**](https://t.me/set_community) + +&#x200B; + +**Game. $SET and Match! We turned the doge sponsor tweet into a real use case!** + +SET Sustainable Energy Token has the capability to invest in clean renewable energy projects such as harvesting the power of the oceans as well as the depths of the Earth. Wind and Solar are obvious but there is great potential in several fields in which we are looking to contribute to and help grow. + +**Now Fully Audited! Please visit our redesigned website to learn more:** [**sustainableenergy.online**](https://sustainableenergy.online/) + +&#x200B; + +**Tokenomics** + +*Initial Supply* 1,000,000,000,000,000 + +30% Burned + +10% for donations and marketing + +&#x200B; + +**10% Tax on Transactions** + +**5% Distributed to holders** + +**5% Added to liquidity** + +&#x200B; + +**Profit from Holding** + +We reward holders with a 5% transaction tax which puts SET directly into your wallet every time someone buys or sells. + +&#x200B; + +**LINKS:** + +**💰Buy: 🥞 PancakeSwap V2:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1B391f9d0FfFa86A6088a73ac4AC28d12c9ccFbd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1B391f9d0FfFa86A6088a73ac4AC28d12c9ccFbd) + +**🔐 Ownership Renounced** + +[https://bscscan.com/tx/0xa03bd33435134366dc35b25784ca75db9bbac41320f7edb18e11391104de2c1f#eventlog](https://bscscan.com/tx/0xa03bd33435134366dc35b25784ca75db9bbac41320f7edb18e11391104de2c1f#eventlog) + +**🔐 Liquidity locked:** [https://dxsale.app/app/pages/dxlockview?id=1015&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1015&add=0&type=lpdefi&chain=BSC) + +(CONNECT YOUR WALLET) + +**🎢 Chart:** [https://bogged.finance/swap?token=0x1b391f9d0fffa86a6088a73ac4ac28d12c9ccfbd](https://bogged.finance/swap?token=0x1b391f9d0fffa86a6088a73ac4ac28d12c9ccfbd) + Cut through the dross with a screener. + + +It is surprising how adding a few filters can dramatically reduce the number of shares a screener brings back. Lets take a closer look 📷📷 + + **1) The bare minimum** + +I look for in a business is that it is profitable in accounting and cash terms and that it is not hamstrung by debt. 1. Net profit > £0: 428 matches 2. Free cash flow > £0: 398 matches 3. Net borrowings as a percentage of capital employed\* < 50%: 470 matches + + **2) Apply all of these ratios** **simultaneously** + +and only 282 shares pass on the LSE. + +Surprisingly on the LSE + +\-30% of the companies in the more are making a loss , + +\-30% of them are making a loss on a cash basis, and + +\-20% of them are mostly funded by outside money. + +&#x200B; + + **3) Filter for Owner Managed Companies.** + + Why? + +\-Have the same interests as shareholders. + +\-Foster a long-term, innovative, culture + +\-Are financially prudent + + **5) How? Easy.** + +Filter by Dir Holdings %, this what percentage of the shares in a company are owned by directors at the same company. Look for over 20% + + **6) Filter for Cash conversion. Why?** + +Investors like companies with strong cash flows because cash flow is less prone to accounting shenanigans than profit. + + **7) How?** Simple. + +Best Ratio to measure this is CROCI Cash return on capital invested (CROCI) is a formula for valuation that compares a company's cash return to its equity. CROCI gives analysts a cash flow-based metric for evaluating a company's earnings. + + I look for over 75% + + **8) Filter for Perpetual recruitment machines**. + + Fundamentally, there is only one true competitive advantage: people. + + **9) Why?** + +Founders retire, patents expire, and brands sometimes falter, but a company will adapt and prosper if it has good people, which is why, the authors claim, the most successful organisations over the long-term set themselves up as perpetual recruitment machines + + **10) How? With ease.** + + Filter on low staff turnover. Companies which hire at low levels, and train staff up often out perform the market. + + **In summary,** put all these filters together and you will be surprised at how few **QUALITY** companies there are to choose from. Give it a go. + + If you enjoyed this then maybe I can tempt you with my Twitter page [/\_JosephWilks](https://twitter.com/_JosephWilks) where I write daily insights on long-term investing like this. +According to [Wikipedia](https://en.wikipedia.org/wiki/Economic_Complexity_Index): + +>The **Economic Complexity Index** (**ECI**) is a holistic measure of the productive capabilities of large economic systems, usually cities, regions, or countries. In particular, the ECI looks to explain the knowledge accumulated in a population and that is expressed in the economic activities present in a city, country, or region. To achieve this goal, the ECI defines the knowledge available in a location, as the average knowledge of the activities present in it, and the knowledge of an activity as the average knowledge of the places where that economic activity is conducted. + +Australia ranks very low on this index. It ranks 87th out of 133 countries. + +This implies a few concerning facts about our economy. It implies a lack of diversification and a deep sense of complacency leading to a lacking impetus to build fundamental knowledge. Instead of building fundamental knowhow, we are going after low hanging economic fruits, such as: + +* Mining naturally occurring resources +* A housing "industry" that revolves around inflating real estate prices to the point that our citizens cannot afford a home +* Marketing mediocre university programs to international students and charging exorbitant prices + +Do you foresee Australia improving its standing? Is Australia taking the proper steps forward? +Hi all, some background info. My wife and I are mid-20s, combined to make around $25 an hour total together (around 50k), No kids. We have recently gotten our debt under control (back to min payments and most of the time throwing a couple hundred dollars at a time at high interest accounts.) We live in Boise, ID and pay to rent a room for $900, no utilities, safe nice house. After all of our debts, 401k, insurance, taxes, and monthly bills we have about $1700 for savings, food, gas, and other monthly expenses. + +Now, I have been looking back at YNAB and I'm astounded at how much we are spending on food. We aren't wasting food and we cook at home typically about 5 nights a week, and groceries make up close to $400 of that number. The other 2 nights are usually eating fast food before we grocery shop on friday, or going out for a dinner Saturday night. The other stuff that adds up is vending machine, gas station, etc. My question is how do yall curb this? I know the logic behind stopping it, but as far as willpower goes, when I get unexpectedly hungry at 4 pm at work it's really simple to spend $2 on a frozen burrito for a quick pick me up. I have heard of the envelope method, but it makes me nervous having that much cash outside of the bank. + +I just have to stop this bleeding. We could be miles ahead of our expected debt payoff date (APR 2019) if we could cut this in half, which from reading a lot of the budgets on this sub, is doable. + +ANy tips or anecdotes? + +Thanks. +I've been trading for just under a year now, with limited success. I have yet to blow an account, but tend to take one step forward and one step back - so stay in the same place! + +I started off with completing baby pips and then went on to youtube so I think I have a good grasp of the basics, and I do believe I am quite a disciplined trader with a solid mindset - reading Trading in the Zone by Mark Douglas helped with that. + +My problem is finding a consistent strategy that I will stick to, so I just want to know if anyone has any recommendations on a strategy that has worked for them. I am prepared to put in the hours of learning and practice, but just need a push in the right direction for a good resource if anyone has came across one. I do prefer simpler strategies and until now have been working off price action with very little emphasis on any indicators. + +TLDR; Any strategy or resource recommendations for someone prepared to put in the time and effort? +I got a bonus for getting a guy hired here a few months ago and threw it on a debt from my divorce. It put the payoff in reach in ways I hadn't dared dream. + +Thanks to some hustles and side gigs and eBay auctions, I just paid it off this morning. Now, my biggest monthly (debt-related) bill is dead and I can actually start my debt snowball for real. + +My head is about to break the surface, y'all. I'm about to take a big, big breath. +I just graduated university with my bachelors degree almost 2 months ago and am actively job searching. My parents recently told me that I will be charged 20% of my income when once I get a job. Already since ive been home and getting unemployment they have asked me to pay two $250 bills with only one days notice. + +I want to save and be as financially prepared as possible as I have plans to move out with my bf when we can. But my parent have tendency to go back on financial agreements and have made it clear they wont give me a formal agreement on a set amount I will have to pay each month. They will throw a bill in on top of the rent if they want to. + +Just a break down of my savings & expected expenses + +•Current savings ~ $9,300 +•Potential rent ~$1,117-$1200 but me and bf will be splitting rent & utilities so my half should be ~ $750/month max +•Netflix= $15/month (we wont get cable) +•Whatever internet costs +•Student loan payments ($40,000 in loan debt) +•Car insurance ~ $200/month (I have no car payment, my car is paid off) + +And then of course I have groceries which we'll split and gas I will buy for my own car. + +Does it make more sense to stay home for longer or should I plan to get my own place as soon as I get a job? + +TL;DR: Parents not sticking to financial agreements, need to decide if I should move out asap or stay at home for longer term +Currently not as fat as I’d like and not ready to retire just yet. I’m about 4 years away. $450k salary between wife and I, about $1m in cash plus investments etc. + +Part of how we got here was by staying in a small house with low monthly payment and paying a few hundred dollars a month extra on a low interest rate. + +Due to COVID, we’re both now working from home and now we’re no longer tied to our current location. + +Our plan was to move in the next year or so. Inflation and potential interest rate hikes have me a little concerned with how to approach the purchase. + +My prior plan was to put down a healthy deposit and finance the rest, leaving the bulk of the money in the market. Not sure how to think through it now. +It's payday today. Last week I started a second job to try to get a little more money to help ease my fear of being so broke I have to go back on the ramen only diet, twice a day. (That's where I was before I found this sub. Just ramen, no add ins.) + +I was told that even though I started mid-pay period that my first paycheck wouldn't be until next check. They were wrong. I had a deposit when I woke up this morning. + +I woke up Christmas morning and realized I would be short some hours on my paycheck because of holiday flight reduction (like 2 days/16hours short on my next check) and I panicked because that's when some of my larger bills are due. + +I also worried when first starting this job because I always fear I entered my direct deposit information wrong. + +It wasn't much, because I didn't have many hours when i started, but it was enough to ease my stress a bit. I'm just so excited and I needed to tell someone. +[Link to the notice](https://www.sec.gov/rules/ic/2021/ic-34365.pdf) + +[What's New on the SEC Website, August 26, 2021](https://www.sec.gov/news/whatsnew/wn-today.shtml) + +I'll edit the OP later on unless someone beats me to an explanation in the comments. + +**EDIT:** + +The stuff in this notice is pretty juicy - but first, the post title needs some clarity - as per the source: + +>*The application was filed on* ***September 28, 2018 and amended on July 21, 2020, and June 16, 2021***. *Hearing or Notification of Hearing:* ***An order granting the requested relief will be issued*** *unless the Commission orders a hearing...* + +Explain to me how it's fair they can file it 3 years in advance, amend it twice during periods when they're speculated to be on the *really* bad side of some bets, have a history of insider trading, have clear conditions that would allow them to **abuse** the exemptions, and then get it conditionally approved on the verge of a colossal market correction that **they likely made worse and accelerated.** + +The meat and potatoes of this exemption request involves employee exemptions. Here's a juicy tidbit: + +>*A Future Fund may be structured as a domestic or* ***offshore limited*** *or general partnership, limited liability company, corporation, business trust or other entity.* ***Point72 may also form parallel funds organized under the laws of various jurisdictions*** *in order to create the same investment opportunities for Eligible Employees (defined below) in other jurisdictions.* + +Fuck off Stevie + +&#x200B; + +>*Interests in the Funds will be offered in a transaction exempt from registration under section 4(a)(2)* + +Google section 4(a)(2) to get: + +>*What is section 4?* +> +>*This is often referred to as the private placement exemption for issuers. ... A Section 4(a)(2)* ***private placement provides an attractive capital-raising alternative for a foreign issuer considering offering securities in the United States***\*.\* + +Again, fuck off Stevie + +&#x200B; + +LOL - wow + +>*Applicants request an exemption from* ***section 17(j) and the provisions of rule 17j-1 (except for the anti-fraud provisions of rule 17j-1(b))*** *because they assert that these requirements are burdensome and unnecessary as applied to the Funds.* + +Guess the title of **rule 17(j)-1**? [*Personal investment activities of investment company personnel*](https://www.law.cornell.edu/cfr/text/17/270.17j-1) + +Oh, you don't want an exemption from the anti-fraud provisions? *How noble of you.* Out of curiosity, what're the sections of [rule 17j-1](https://www.law.cornell.edu/cfr/text/17/270.17j-1)? + +>***rule 17j-1(a) - Definitions*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(b) - Unlawful actions*** +> +>4 sub-paragraphs +> +>***rule 17j-1(c) - Code of Ethics*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(d) - Reporting requirements of access persons*** +> +>10+ sub-paragraphs +> +>***rule 17j-1(e) - Pre-approval of investments in IPOs and limited offerings*** +> +>1 sub-paragraph +> +>***rule 17j-1(f) - Recordkeeping requirements*** +> +>7 sub-paragraphs + +Wait a second, you want to be exempt from the code of ethics but not unlawful actions? That seems like it works against what GG claims as *the spirit of the law*. Just look at the first paragraph in the code of ethics! + +>***...*** *must adopt a written code of ethics containing provisions reasonably necessary to prevent its Access* [*Persons*](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=3df16bcba79f5e9f4c3cc2c8c60b0903&term_occur=999&term_src=Title:17:Chapter:II:Part:270:270.17j-1) *from engaging in any conduct prohibited by* [***paragraph (b)***](https://www.law.cornell.edu/cfr/text/17/270.17j-1#b) *of this* [*section*](https://www.law.cornell.edu/definitions/index.php?width=840&height=800&iframe=true&def_id=ae77e4ab315ae0b3a3e66d2e23fa9ec3&term_occur=999&term_src=Title:17:Chapter:II:Part:270:270.17j-1)*.* + +That's a fucking joke, right? The rules in ***rule 17j-1(b) - Unlawful actions*** are absurdly vague. The code of ethics section (**edit: for clarification**) details requirements for how to communicate to employees what unlawful *actually* means. You'd think that'd be kind of important if: + +>***Point72 may also form parallel funds organized under the laws of various jurisdictions*** + +I'm not even going to get into how obviously necessary reporting requirements are. + +Remember how Stevie got away from his first insider trading trial? The lack of the flow of information. How do *your employees* know what's unlawful when you're not telling them what specific actions would make it unlawful - **especially with respect to different countries?** + +Stevie is a fraudster. Do SEC personnel approve these on their lunch break or what? + +I'll go out on a limb here and say **these exemptions should not have received delayed approval.** Fuckery abound. + +And for any of you **whistleblowing lurkers** out there, there is an opportunity for a hearing if you've got compelling information: + +>*Hearing or Notification of Hearing: An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing by e-mailing the Commission’s Secretary at* [*Secretarys-Office@sec.gov*](mailto:Secretarys-Office@sec.gov) *and serving applicants with a copy of 2 the request by e-mail. Hearing requests should be received by the Commission by 5:30 p.m. on September 20, 2021, and should be accompanied by proof of service on the applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the 1940 Act, hearing requests should state the nature of the writer’s interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by e-mailing the Commission’s Secretary at* [*Secretarys-Office@sec.gov*](mailto:Secretarys-Office@sec.gov)*.* + +&#x200B; +Based on a previous conversation about private v public… what public US school districts would you say based on some personal knowledge or experience are as good as or better than private? + +I know it may not seem like an inherently FATfire question, but when trying to decide where to retire with kids this is a factor and if someone on this forum does not have to weigh cost into the choice between public and private and still chooses public that feels like a good testimonial (obviously local taxes are another thing that might make answers more appropriate for this audience as well) +There is clear manipulation of the upvote/downvotes by bots/shills. I've gone back to past posts on this subject, that I commented in, and noticed that they have been downvoted into the dust. There is NO good DD or Vote related discussion is near the Top!! + +**They are burying the DD and Discussion Posts regarding the Proxy Vote on June 9, 2021.** + +**Our votes must be submitted by June 8, 2021.** + +**Check with your Broker if you have GME in a cash account.** + +Edit: I was able to chat on TDA and got my control number sent to me. Many people are saying that proxy vote details will come out this week. Keep an eye out for GME communication. + +Apes have reported that Fidelity should have more information 4/28. + +The hedges know that this is bad news and everything will come crashing down once the auditors see the Vote tally. They don't want us to Vote, so they send their bots to corrupt our information. + +Apes must Vote! **Contact your Broker First!** Ape strong together. + +We need to vote in order for our shares to be counted. This is the only way to shed light on the Naked Short/rehypothecated shares. When all the votes are counted, millions of extra shares will be shown to have been created by Citadel/MMs with reckless abandon. MOASS coming? + +Edit: This post has gotten a lot of attention! Thanks for all the comments and awards! + +Voting is critical at this point. It is the true way that all of Retail, Apes, can show our power and voice. When we show the Gamestop board, Ryan Cohen and the world how many shares we hold; there will be no choice but to confront the Criminal behavior of the Naked shorters/Citadel/etc. + +They will have to account for all the shares. This likely means that the shorts will have to cover or be liquidated to close out their Gamestop synthetic positions. **Remember All Shorts Must Cover!** + +This is not financial advice, just much needed discussion! + +**Contact your Broker First!** Please note that [proxyvote.com](https://proxyvote.com/) will not work for everyone. **Contact your Broker First!** + +**Requested Links! Thanks to all the Great Apes for these posts!** + +Here is a DD on GME shareholder institutions, we can infer the amount of "Retail" (undercounted) + +[https://www.reddit.com/r/GME/comments/mwmkgj/shares\_outstanding\_simple\_math\_14a\_etfs\_terminal/](https://www.reddit.com/r/GME/comments/mwmkgj/shares_outstanding_simple_math_14a_etfs_terminal/) + +Important information on the 14A filing for the Proxy Vote direct from Gamestop! Contact your Broker about the Vote ASAP! + +[https://www.reddit.com/r/GME/comments/mwmm3s/very\_important\_rc\_the\_bod\_wants\_the\_votes\_to\_come/](https://www.reddit.com/r/GME/comments/mwmm3s/very_important_rc_the_bod_wants_the_votes_to_come/) + +&#x200B; + +&#x200B; + +&#x200B; +We’ve been working hard and are ready to sip on our favorite Cocktail after a long day. What better way than a $COCKTAIL that works for YOU with auto buyback, auto rewards, and a rewards multiplier. $COCKTAIL, the first rewards multiplier coin in the BSC network that rewards holders. 🍸 + +&#x200B; + +**CA:** 0x10F292A6e694C38C5d570127da445143a2d882f3 + +&#x200B; + +✅ Announcing major Twitter Influencer Ambassadorships (1 million + following, and 700k + following) + +✅ Celebrity Appearances during AMA's - Actors from Breaking Bad, Legendary DJ, NFL Players, and more! + +✅ ACTIVE Dev Team and Marketing Team with frequent meet and greets + +✅ Experienced team from TIKI + +&#x200B; + +&#x200B; + +**$COCKTAIL of Rewards:** + +&#x200B; + +➡️ Choose Your Rewards Options: SAFEMOON, wBTC, wETH, wADA, XLM, MATIC, LINK, BNB, BUSD, CAKE, DOG, COCKTAIL + +➡️ Cocktail Lounge Rewards Dashboard: [https://lounge.cocktailbsc.io/](https://lounge.cocktailbsc.io/) + +&#x200B; + +&#x200B; + +**$COCKTAIL of Features:** + +&#x200B; + +➡️ Hourly AUTOMATIC reward payments airdropped to your wallet in the token of your choice + +➡️ Revolutionary REWARDS-MULTIPLIER so the more you PROMOTE, the more you get PAID (join Discord for more details) + +➡️ BUY-BACK WHALE 🐳 THAT TRIGGERS ��� PARTY TIME 🥳 + +&#x200B; + +&#x200B; + + **TOKENOMICS:** + +➡️ 1,000,000,000 Total Supply + +\-Tax 15% on all Buys & Sells + +➡️ -9% is redistributed as rewards to holders + +➡️ -3% used to fuel 🎉 PARTY TIME 🥳 Buyback 🐳 + +➡️ -3% used for liquidity + +&#x200B; + +**Official Links:** + +Website: [https://cocktailbsc.io/](https://cocktailbsc.io/) + +Twitter: [https://twitter.com/bsccocktail](https://twitter.com/bsccocktail) + +Official Telegram: [https://t.me/CocktailLounge](https://t.me/CocktailLounge) + +Discord: [https://discord.gg/fM3AZbvJ](https://discord.gg/fM3AZbvJ) + +Instagram: [https://www.instagram.com/cocktailbsc/](https://www.instagram.com/cocktailbsc/) + +Youtube: [https://www.youtube.com/channel/UCZux1Ggu15FbBvTHEYE\_b1Q](https://www.youtube.com/channel/UCZux1Ggu15FbBvTHEYE_b1Q) + +&#x200B; + + Let’s make this drink last so that we get rewarded for holding $COCKTAIL. Or better yet, let’s order another one. We all know 2 Cocktails are better than 1. At this pace we will have so many Cocktails that we will go to sleep, and wake up in the sky. You don’t want to miss this coin. Tell all your buddies to join us, and don’t forget to RSVP for this very important Cocktail party. 🍹 + +&#x200B; + +P.S. Don’t forget to tip the bartender. +Here's a list of my top reasons and why I believe it could 100x-1000x in price. + +1.) It's a VERY new coin with HUGE potential for growth and the price has only been going up. + +2.) They just raised 54/50 BNB coins to be listed on WhiteBit. Once it hits exchanges, it'll keep going up which means you should get it before it gets on exchanges. + +3.) There's no insane gas fees because uses the Binance Smart Chain. + +4.) It has decent marketing potential to get "safely to the moon" + +5.) Decent tokenomics. Like most of the recent moon coins, it's deflationary and gives a portion to all holders during transactions. + +Check out their website [https://safemoon.xyz/](https://safemoon.xyz/) + +You can purchase here: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3) + +How to buy: [https://www.youtube.com/watch?v=H9TX9O8OyxI&ab\_channel=Nexstrom](https://www.youtube.com/watch?v=H9TX9O8OyxI&ab_channel=Nexstrom) + +It works with Metamask too. Here's how to setup the Binance Smart Chain with Metamask:[https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain). After setting it up, send BNB to metamask with the BSN and then you can swap BNB with SafeMoon on PancakeSwap. +https://www.businesstoday.in/technology/news/story/google-layoffs-employees-to-go-through-new-tougher-reviews-to-escape-job-cuts-357874-2022-12-27 + +> Google is introducing a new performance review system expected to result in more employees at risk of receiving low-performance ratings. Additionally, fewer employees will be able to achieve high marks compared to previous years. During a recent all-hands meeting, Google executives revealed details about the new review system for its employees. This new system will take effect next year. +> +> According to a report by CNBC, under the new system, Google estimates that 6 per cent of full-time employees will fall into a low-ranking category. This will put them in the high-risk category, which could even end up in termination. The report suggests that Google will take corrective action for these employees. Just for context, Google marks only 2 per cent of employees under the current system. + +> In an internal meeting earlier this month, Google CEO Sundar Pichai did not rule out the possibility of a layoff. The lower 6 per cent of the employees correspond with the report claiming that 10,000 Google employees will be removed from their jobs in 2023. The new review system will aid the management to take that decision. The tech sector in US has been reeling with job cuts as most of the top brands are laying off a record number of employees. Compamies like Meta, Amazon, Twitter and Salesforce have decided to shrink their workforce. +I am trying to write an algo that combines some technical and fundamental quantitative metrics, and wanted access to historical PE ratios (other metrics are added bonus). Is there a place I can get access to this, free or paid? + +Thanks in advance! +Basically, once you considered yourself secure and well off, did you start doing something different? + +Started spending on something? Started doing a new activity? A new interest? +Seen through a different lens this price suppression is excellent news and super bullish. They have no other levers to pull. The fud has no effect. There’s almost no chance of profit taking from the majority of shareholders even if this thing runs up 100%, 200%, 300% from current sp. There are literally no other weapons left in the enemy’s arsenal except for continued, predictable, you could set your watch to it price suppression through shorting. + +And not that anybody on this site needs any convincing but why on earth would they continue to do that day after day unless a significantly higher sp spells doom for them? +Now that AT&T & Warner Bros split ways is AT&T a good time to buy at $19? Dividend at 5.6% with 140 Billion market cap. + +I’m thinking now that they can get away from entertainment and focus on their core business they’ll continue to expand their 5G and fiber connections. I feel they’re hitting their bottom and it could be an attractive time to invest. + +Thoughts? +After a shitpost about a document storage warehouse burning down earlier today, I received a message from someone who dug a little deeper and discovered something interesting. I know, tinfoil, etc., but you have to admit it's interesting considering all of the other "coincidences" we've witnessed. + +FYI after receiving the message I verified the claims myself. Both forms have [the actual company name](https://www.accesscorp.com/location/illinois/chicago/) and [address of the facility](https://goo.gl/maps/3HbpRw3xfYJhzAga9) [that burned down outside Chicago today](https://abc7chicago.com/bartlett-fire-today-access-il/11536086/). + +Here's the message: + +*from* u/2600_yay*:* + +*Hi apocalysque,* + +*Low-karma apette here who can't post in Superstonk. (I'm only a few hundred points away though! Soon!)* + +*I was searching the address string of the warehouse that you mentioned - the one that is currently on fire - and it turns out that there are some SEC reports that list the warehouse address as the home of the files of one "JMG FINANCIAL GROUP LTD": (Look under the section that reads "SECTION 1.L. Location of Books and Records" )* [*https://reports.adviserinfo.sec.gov/reports/ADV/110302/PDF/110302.pdf*](https://reports.adviserinfo.sec.gov/reports/ADV/110302/PDF/110302.pdf) + +*TDAmeritrade's records are there as well:* [*https://reports.adviserinfo.sec.gov/reports/ADV/7870/PDF/7870.pdf*](https://reports.adviserinfo.sec.gov/reports/ADV/7870/PDF/7870.pdf) + +*Hope that helps! If when you post you want to mention me and people could upvote me so that I could finally post in Superstonk that would be rad :)* + +*Cheers! 2600\_yay* + +Here's the proof in pics for those who don't want to click the links: + +[JMG Financial Group Form ADV](https://preview.redd.it/5fe87zbv3rf81.png?width=750&format=png&auto=webp&s=2a2dd512ed719b1a12c1cfb6166e295f4e79f82a) + +[Location of books and records](https://preview.redd.it/k0s74bky3rf81.png?width=839&format=png&auto=webp&s=400c6f5de8cd5103615028a89f2e387e958122cb) + +[TD Ameritrade Form ADV](https://preview.redd.it/7b85qw774rf81.png?width=619&format=png&auto=webp&s=963e8339a64259f496368fbd0823f7fdf5e24f85) + +[TD Ameritrade records also kept there](https://preview.redd.it/la7cvuzc4rf81.png?width=619&format=png&auto=webp&s=6ca260e3fef03ec09016471c7b0d7bc4823faed7) + +Edit: someone supposedly knows someone else who works there and says it was an accident: https://www.reddit.com/r/ChicagoSuburbs/comments/sjz53n/in_bartlett_illinois_today/hvpcf4p/ +Citadel owns 1473668 shares of AMD as of February 16th 2021. + +[https:\/\/fintel.io\/soh\/us\/amd\/citadel-advisors-llc](https://preview.redd.it/uew676w54xv61.png?width=1434&format=png&auto=webp&s=8341d97f5254a9778c346ccc8a0e4090e9f96ff4) + +AMD posted their earnings results yesterday after close. + +EPS 52 vs EPS 44 (estimated). Meaning that they did almost 20% above expectations! Yet, the stock price dropped hard and is still dropping. + +https://preview.redd.it/n2kkzldc4xv61.png?width=323&format=png&auto=webp&s=6118c0967c36f5361c0bf3c72b4395073af5839f + +[AMD 5D chart. Friday at 79 and peaked at 90 before Citadel \(an assumption\) started a massive dump today.](https://preview.redd.it/xwdsgdvx5xv61.png?width=646&format=png&auto=webp&s=12ff7615de55e51505a39c5bfaa1c2131fea9afa) + +Who has 798300 calls and 560100 puts on MVIS? Citadel. + +What did MVIS do in the past couple of days? Pumped from 10$ to 31$ and then dumped to 21$ this morning. + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/1423053\/000095012321002766\/xslForm13F\_X01\/0000950123-21-002766-3228.xml](https://preview.redd.it/6ertegm35xv61.png?width=1317&format=png&auto=webp&s=1dc2f00c061b703c04181f1e0852dc2c593ef192) + +[MVIS 5D chart, Friday at 12$ peaked yesterday at 31$ and now dumped.](https://preview.redd.it/ar419it66xv61.png?width=660&format=png&auto=webp&s=245155e7f5e22cce1173bbe3b16e35092f5518e3) + +Let's see what else these guys have... + +Tesla: + +20M calls + +18M puts + +what did Tesla do this week? + +https://preview.redd.it/hlspp5op5xv61.png?width=1318&format=png&auto=webp&s=127e335b7a6efafd333cf2560db78eaa8980bef8 + +Tesla over the last 30 days went from 600 to 745 and in the last 5 days it started dropping. + +And all of that despite the news that their had a fantastic quarter and also that they managed to profit with over 100M+ in their BTC sale. + +https://preview.redd.it/mtih0rwr6xv61.png?width=654&format=png&auto=webp&s=cb5028223bc36b4e825159f5514015fb7f4ed16e + +Now I'll start choosing completely random Citadel holding from their 13F. + +ABT + +1,1M calls + +937k puts + +https://preview.redd.it/s34a8cf77xv61.png?width=1311&format=png&auto=webp&s=06d20e130fddabebe0878dae402a00c393874a49 + +[5D chart. Looks very similar to one of them wash sales everyones been talking about...](https://preview.redd.it/0uq6klee7xv61.png?width=647&format=png&auto=webp&s=319fe1be3ffaf949d0570e55d9c599d8038e8a2b) + +ATOS - penny stock + +oh look, another pump and dump + +https://preview.redd.it/p1ufwg208xv61.png?width=1205&format=png&auto=webp&s=1f1e754a81a08e8a91e527381b595575927b1df7 + +[13F is from Feb 16th meaning that it lines up nicely in the timeline.](https://preview.redd.it/r3g529128xv61.png?width=656&format=png&auto=webp&s=902629ae4a1bfeab095dafc2ea1b0ffa6fcf733b) + +Citigroup + +oh crap, someones puts are losing them money... + +https://preview.redd.it/c9pbs86g9xv61.png?width=1236&format=png&auto=webp&s=63e103cbc53e5d3fc8f8eaac6bab271f7bc50ecd + +https://preview.redd.it/wkbmkgsh9xv61.png?width=651&format=png&auto=webp&s=2a2469e1331699ab60a84bf8fb3e9b4d520440bb + +Pinterest + +Another oof for Citadel! what happened here? Just your casual 9$ drop, nothing to see here + +https://preview.redd.it/9pef8zsnaxv61.png?width=1217&format=png&auto=webp&s=b654472de3427fc6e84ee1588c2a496e20a9cfa0 + +https://preview.redd.it/vbtdkq6laxv61.png?width=663&format=png&auto=webp&s=80e1261755dd3f2122fc578ca525b1cc88087698 + +Spotify + +And another one! Damn Ken! 26$ drop + +https://preview.redd.it/qhvc6q50bxv61.png?width=1201&format=png&auto=webp&s=d11f997d12a4298249fe3f07cce9bed95d1a0e26 + +https://preview.redd.it/v5h0ix31bxv61.png?width=669&format=png&auto=webp&s=c593010136336be5682425070d9d0b1578f32aec + +TA:DR - Ken is fukd. + +&#x200B; + +EDIT: All 4 companies are on their balance sheet per the latest filing. Observe the 1 minute chart which I highlighted. + +https://preview.redd.it/bfug86ubzyv61.png?width=1551&format=png&auto=webp&s=725b4109db22f4460c383ecf04992e4a87b877e5 + +EDIT2: BTC is making a massive sudden dump as soon as the market closed + +https://preview.redd.it/fipdw0jj3zv61.png?width=329&format=png&auto=webp&s=4fc1aca9f0189916a37108024c1d465816e9202d +Purpose is to get exposure to US equities. + +Parag Parikh Flexi Cap Fund- everyone’s favourite fund. My concern is the enormous AUM and also the talks on the capping limits in foreign investments. + +Navi - this is very new and it invests in Vanguard Total Stock Market ETF. That’s about 4000 US companies. There is not much data to gauge the funds performance. This has low TER as well but the taxation on redemption is totally different when compared to our usual mutual funds. + +Which one would you recommend and why? + +Also please share if there is a better option for exposure to US companies. +How do I get started with algorithmic trading in India ? Is there any resources available. + + Is there any restrictions in India for algo trading ? Should I get approval before starting ? Any restrictions in algorithms ? + +Is it possible to do it without a third party API ? If it can only be done using a third party API, which one would you recommend ? + +At this point, I don't even care about returns. All I want is to be able to execute any algorithm I want and explore the stock market. + +Any leads would be appreciated. +How do I get started with algorithmic trading in India ? Is there any resources available. + + Is there any restrictions in India for algo trading ? Should I get approval before starting ? Any restrictions in algorithms ? + +Is it possible to do it without a third party API ? If it can only be done using a third party API, which one would you recommend ? + +At this point, I don't even care about returns. All I want is to be able to execute any algorithm I want and explore the stock market. + +Any leads would be appreciated. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 21 4:09PM:** + +Have a good weekend everyone! Treat yourself, have a good break, you deserve it! It's been a long week of boring sideways and downward movements. Super low volume all week. I hope we get a good show next week! + +**Edit 20 4:03PM:** + +Ending around 158.32, down -7.01%. I'm expecting some action next week, nearing the apex of the triangle wedge. + +**Edit 19 3:38PM:** + +Ending around the 156.5-162.5 channel. + +https://preview.redd.it/n58tzfzoa7s61.png?width=2141&format=png&auto=webp&s=f746ff02fed687a70756e0a00d5ff7b918534edc + +**Edit 18 2:56PM:** + +Will be back for power hour soon. + +[https://www.youtube.com/watch?v=0\_acvHjU8SQ&ab\_channel=WardenElite](https://www.youtube.com/watch?v=0_acvHjU8SQ&ab_channel=WardenElite) + +**Edit 17 2:12PM:** + +Great summary of the current ongoing battle: + +https://preview.redd.it/xxg2zv1av6s61.png?width=1808&format=png&auto=webp&s=0a0616fdefbfbb043a171108dc65c9fd31339920 + +**Edit 16 1:58PM:** + +Raw beta -0.8, adj beta -0.2. + +**Edit 15 1:30PM:** + +160 strike puts keeping the price low. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/kcrz8hxpn6s61.png?width=2459&format=png&auto=webp&s=e354ef24d4b07b4f79810eccaf0fb8fb82b12368) + +**Edit 14 1:17PM:** + +Checking Bloomberg Terminal. Institutional ownership actually up 3%! we've gone up this week from 131% to 142%! + +Retail ownership has also gone up! The buy sell ratio was really high through this month. + +**Edit 13 1:13PM:** + +A fade is when volume does not support price trend. It's a sign of manipulation. Here we see the volume is not increasing as the price is decreasing. This is a sign of shorting and artificial price suppression. Nothing to see here folks. Buy and hold, diamond hands. + +https://preview.redd.it/3sf4rnqok6s61.png?width=2135&format=png&auto=webp&s=4a92942cd9193973c99af1f14ef767fa3777f00e + +**Edit 12 12:48PM:** + +Puts dragging the price lower. I'm holding. + +https://preview.redd.it/wdc1hyh9g6s61.png?width=2465&format=png&auto=webp&s=9b25181dcf407851ad3713670d436f508e10cc06 + +**Edit 11 12:42PM:** + +What is this crazy OI for the VIX? Hedge against a market crash? + +https://preview.redd.it/lucw5ai8f6s61.png?width=1167&format=png&auto=webp&s=a88d10e26ef320b9eedce8638f9834593ac902e8 + +**Edit 10 12:24PM:** + +Dip happening a bit lower than 162. Next support is around 156.5. + +**Edit 9 11:44AM:** + +Scratch that, those puts are smack in the middle. No idea if they were bought or sold. + +https://preview.redd.it/utwndklu46s61.png?width=2280&format=png&auto=webp&s=46c16871d24df69daaac8602d98f62bc64cdc7aa + +**Edit 8 11:41AM:** + +Those puts were mostly sold. Overall bullish options activity. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/oftdqd3c46s61.png?width=2452&format=png&auto=webp&s=0825e569ba1d1f073d73bfa838299b7a9ea22646) + +**Edit 7 11:18AM:** + +IV rounding off again. I'll be back on stream at 11:30am EDT. [https://www.youtube.com/watch?v=VQv9g-EwIVM&ab\_channel=WardenElite](https://www.youtube.com/watch?v=VQv9g-EwIVM&ab_channel=WardenElite) + +https://preview.redd.it/01mjbl3b06s61.png?width=2117&format=png&auto=webp&s=e141fadbdb67c2b6ae1c93e1f80560141848b917 + +**Edit 6 10:57AM:** + +It seems the bounce earlier today seems to confirm the diagonal support outlined in red. Looks like the wedge is almost done forming. The Apex is projected to be formed early next week. + +We can expect the price to bounce more within this triangle before the breakout. I believe there is a good amount of upside left for today. + +https://preview.redd.it/s63xv2fgw5s61.png?width=2140&format=png&auto=webp&s=d5e87f1569ef7bda8a1ed380f2767852b422ffd2 + +**Edit 5 10:40AM:** + +Options look mostly bullish. Not a ton of orders have been put in yet. Mostly small to moderate side orders. + +[Data courtesy of https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/aexfn4odt5s61.png?width=2497&format=png&auto=webp&s=a0872ae92ca2cc62358c1298e3e5ede5f47a1eaa) + +**Edit 4 10:38AM:** + +This midterm is actually super chill. I'll be done soon. GME trading sideways tangling around VWAP right now. + +**Edit 3 9:53AM:** + +Nice little local dip at 9:49am. It could still go lower around 162.5. + +https://preview.redd.it/8j4ophn4l5s61.png?width=2138&format=png&auto=webp&s=e2d8506ff53a805d3c34f45d498fcaba931b6571 + +**Edit 2 9:34AM:** + +We can expect a dip today as a result of the low volume, perhaps around 9:40-10:15am. Let's find out. + +**Edit 1 9:33AM:** + +Low volume first minute candle, around 200k. + +https://preview.redd.it/5r2ti43ih5s61.png?width=2126&format=png&auto=webp&s=5e7c4b3238f4a99aff25208bcd9adc2928a98f2a + +# Begin Reading Here + +Gooooooood morning my beautiful silverback apes! + +We're playing the waiting game now. The record date is 4/15 and a potential catalyst is a share recall between now and the 15th. + +I expect we'll some noise next week, but for this Friday, I do not expect a squeeze to start. + +I'm streaming in 2 parts today since I have a midterm from 10am EDT to 11:30am EDT. So Part 1 will come before 10am, [https://youtu.be/h-JGcY2Ttyg](https://youtu.be/h-JGcY2Ttyg), and part 2 will be after 11:30am. I'll post a link when Part 2 is ready. + +# Premarket Analysis + +We're barely down in the premarket. Gapup at 4am followed by a move down. There's no unusual volume in the premarket, so something tells me that today might be another low volume day. + +https://preview.redd.it/0j0qyhnff5s61.png?width=2142&format=png&auto=webp&s=dbbd3804a821fc99e8b5ddaeefee0542cf4eb73a + +The broader market is starting in the red today. + +https://preview.redd.it/iwnke0gof5s61.png?width=290&format=png&auto=webp&s=21f119132a972e018b87fc367630732b60ce5f2d +Hello guys! + +First of all, \*sorry for my english\* it’s not my native language. + +Today is a big day for me. I just sold all of my crypto to pay lawyers and paperwork to get my italian citizenship. + +Last year I made two goals (my moons), first one was the prices of everything related to paperwork/lawyers etc and the second was the ticket and life in Italy for at least 3 months while I wait for the citizenship to get a job. + +Today I hit my first one. + +I was saving money and last year I started saving it on crypto as well and today was the day that I finally got enough to pay all the paperwork/lawyers fees/translations. + +I will start saving again from next month on because after the paperwork is done I need to go to Italy to start the process of the citizenship there and of course, crypto is the future! + +I’m in Argentina but my great-grandfather came from Italy, so by blood and proving it I have the right to get the citizenship. It’s a long and expensive process but worth it. I don’t know what to expect when I get to Europe but I hope it will be better than here and more opportunities to succeed. + +100 years ago he came looking for a better life, now it’s my turn. + +Anyways, just wanted to write this here because reddit was really important to me and I want to thank all of you, even tho I am not present writing stuff all the time I always connect to read your stories and advices, grazie a tutti! + +Edit: + +Guys, thank you for all your messages! + +I didn’t expect so many, i’m really glad you guys liked reading my story and I’ll reply each of you. + +Just to clarify: + +I’m from Brazil but been living in Argentina for the past 3 years, my family is all in Brazil and nobody went back to Italy still, I can be the first one doing it! + +I didn’t sell to BUY the italian citizenship, I sold to pay my lawyer to ask the judge for a new birth certificate because my grandad wasn’t registered when he was born. + +The saved crypto I had isn’t for the whole process yet, next month I’ll go back to saving again! + +I was able to buy BTC last year and been saving since then with this idea (my first moon). + +Thanks so much again! +I'm in my 40's and have the odd situation of having way more in my retirement accounts than in my non-retirement accounts. I could actually quit my job and FIRE if most of my money were accessible penalty-free. I'm wondering if anyone else has considered about taking early withdraws (up to the standard deduction), and paying the 10% penalty in order to FIRE. The withdraws could also be considered the income necessary to qualify for ACA subsidies (well, I'm still researching this). + +*Update: Thanks for all the advice. I'm going to spend time looking at 72(t) and the Roth ladder, as well as continue to model just taking the penalty hit. I appreciate all the feedback.* +Hello all, I’m looking for recommendations on replacing the carpet in one of our rental units. It will be about 900 square feet to cover two bedrooms and living room. + +We went to Home Depot this weekend and saw they offer free installation when purchasing carpet at > $1.49/sq ft and spend > $599. We will hit these requirements, so think this may be a good way to go. + +Fellow investors - how do you go about carpet replacement? Places to purchase, who you hire for installation (or do it yourself), etc. Also, looking for favorite brands, face weight, fiber, even colors. Give me all your tips! Trying to strike a balance between durability and choosing something cost-effective / not over investing. + +We looked into going the laminate route, but find it will be quite a bit more expensive (2-3 times as much), and we like the benefits of carpet for cold Midwest winters and sound dampening effects (the unit is in an up and down duplex). + +TIA +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +&#x200B; + +[u\/luridess on her way to 🦍, 🦍, & 🍌 LLP ](https://preview.redd.it/airs5qb0wv371.jpg?width=889&format=pjpg&auto=webp&s=62d262f18d48d781c20449ebc8a5c35ce5de3479) + +***\[Update: Thank you all for the kind words and comments. I've responded to some of you at the bottom of my post in order to keep the conversation going so that everyone can see it\]*** + +**INTRODUCTION:** + +The Gamestop Saga is an ever-evolving story. We have all come such a long way from when we first got involved by buying our first stock, posting memes, and wondering what the heck is going on. + +We've begun to dig deeper, look further, search for missing pieces, and connect the dots in order to paint a picture of what appears to be happening with Gamestop, Wall Street, naked short selling, and hedge funds. + +What began as individuals posting their thoughts/DD back in February and March, has now turned into a global hivemind where people from all around the world are coming together to collaborate in an effort to share knowledge, and data. People who only know each other by their respective usernames are working together to collect and gather information and they are sharing it with the rest of the world for no reason other than to share information. + +I think what's fascinating is not just the quality of the DD being posted, but the fact that the DD is coming from various angles: technical analysis, FTD cycles, dark pools, HFT, SEC filings, and US regulatory rule changes are some angles that come to mind. + +Each of these angles tells part of a story. Each one is a chapter unto itself. + +# What Wall Street is so desperately afraid of is the power of the r/Superstonk hivemind to post their collective chapters here so that together we can create a book and tell a story. + +&#x200B; + +**WHEN WAS GAMESTOP SHORTED BY HEDGE FUNDS?** + +For a few weeks now, I've been trying to find the answer to this following question: + +**"When did Hedge Funds first start shorting GME?"** + +Being a lawyer, I'm not good with stocks or the stock market in general. I asked around, but no one really seemed to have an answer. I didn't know where to go or what to search for, really, nor do I have any subscriptions to Bloomberg terminals or stock sites that provide this kind of data. + +It was only when u/HomeDepotHank69 posted [his DD today](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/), which is another excellent collaboration by a number of r/Superstonk users, that I was able to get the answer (or as close to the answer as possible) that I needed in order to share my chapter of the Gamestop Saga with the community. + +&#x200B; + +>**SI by the charts** +> +>Below is a chart that the quant apes gathered from Ortex showing the SI of the meme stocks over time. Many of you will say that this is inaccurate because the real SI is hidden. While we have many instances of that being true, this is the best concrete data that we can gather (much better than Fintel and FINRA), so it’s what we must use to avoid speculation. So, yes these numbers are probably an understatement but that’s a good thing because we do not want to speculate. If we can find significant results on incomplete data, our thesis is strengthened: + +&#x200B; + +[ \[Credit to u\/orangecatmasterrace\]](https://preview.redd.it/yoe6mfl90w371.png?width=1750&format=png&auto=webp&s=62be2900f0d15efec9fbe031a1b894adaadb2cfa) + +&#x200B; + +**MY PREVIOUS SEC LEGALESE TO APE SPEAK POSTS:** + +In my previous SEC Legalese to Ape Speak Posts, I shared information, made several thoughts/comments, went on a few rants, and also made a few predictions. That was my attempt to try and explain what I was seeing/reading and try to interpret it to plain-English. + +I also shared my interpretations/thoughts/comments, as well as a few predictions, **based on things that I was not seeing** in Gamestop's 10-K SEC filings. + +**A number of my theories turned out to be true.** + +My initial post had a side-by-side chart comparing Gamestop's 2020 and 2021 SEC 10-K filings. I posted it as a table directly to reddit, so it was difficult to properly format/colour code/merge rows/boxes. + +This time around, I made an excel spreadsheet and I've screenshotted it and uploaded it as pictures for you all, both to save text space but also to make it easier to follow along and read. + +I now present to you my Magnum Opus: + +# How Gamestop is using its SEC 10-K filings to fight back against targeted Naked Short Selling + +Gamestop's SEC 10-K Filings: A side-by-side comparison of 2018-2021 + +(empty boxes means that the risk factor was not present in that year's SEC 10-K filing) + +&#x200B; + +[\[Image 1\]](https://preview.redd.it/u1l4hi38wv371.png?width=1420&format=png&auto=webp&s=0f5c1dc3c00a28c17a6bf582673c2a915ca20af0) + +[\[Image 2\]](https://preview.redd.it/olcusor9wv371.png?width=1419&format=png&auto=webp&s=a666f16759761c3bfc26a07bac1ef964393e72e6) + +[\[Image 3\]](https://preview.redd.it/k3po9omawv371.png?width=1422&format=png&auto=webp&s=66435b37c88084945872f1008d9cb80c965fa17b) + +[\[Image 4\]](https://preview.redd.it/urteavebwv371.png?width=1420&format=png&auto=webp&s=aa942f29dd6dc7b9685369ba3cf5f8721583ae84) + +[\[Image 5\]](https://preview.redd.it/ugzz9b6cwv371.png?width=1418&format=png&auto=webp&s=bfa903dd8a1377fe34a70c2c73246f6ce456da05) + +[\[Image 6\]](https://preview.redd.it/8m6ruoycwv371.png?width=1419&format=png&auto=webp&s=0f8a2223d01ec1bb2da38ccac959b80c0ddb2dcc) + +What does the side-by-side comparison tell us? + +Well, a lot, actually. + +But the most significant piece of the puzzle is the last image with the Itemized List of Credit Risks/Indebtedness. + +# As we all know by now, the strategy of a short seller is to never cover their shorts. + +They achieve this by forcing a company into bankruptcy through stock price manipulation. + +From 2017-2019, Gamestop was at risk of going bankrupt, making it a huge target for ~~vultures~~ hedge funds. They could smell blood, and as the chart provided by u/orangecatmasterrace in u/HomeDepotHank69's DD showed, they started shorting Gamestop back in 2018, after their 2018 10-K SEC filing. + +This went on for 3 years. It appeared as if things were getting worse for Gamestop: + +* It was in debt; +* It was failing to attract key personnel; +* It removed stock dividends; +* It was falling behind to competitors like Amazon and Steam. + +To Hedge Funds, it seemed like Gamestop was bleeding profusely, and this emboldened them to short the stock even further - they were gambling on what appeared to be a sure-fire win. + +&#x200B; + +**Gamestop's 2021 10-K SEC Filing Changed the Game:** + +[In my first post](https://www.reddit.com/r/GME/comments/mc5jbj/breakdown_of_the_sec_legalese_from_a_fellow/), I commented that: + +* In 2021, Gamestop changed their Business Risk Factor title from "Risks Related to our Business" to "Risks related to our ability to grow our business"; +* In 2021, Gamestop completely removed their "Risks Relating to Indebtedness"; +* In 2021, Gamestop included, for the first time, "Risks Related to Our Common Stock" and: + * confirmed that "a large proportion of their stock has and may continue to be traded by short sellers" + * referenced a possible short squeeze in the future + +I theorized some possible reasons for this in my first, [second](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) and [third](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/) posts: + +* Gamestop no longer sees bankruptcy as a reasonable or forseeable risk factor in 2021 +* Gamestop is no longer in debt +* Gamestop is confirming that its stock was shorted and may still be shorted + +&#x200B; + +Recent events have shown that my theories were accurate. + +Here are just some recent updates, for example: + +* **Gamestop is now out of debt** +* Gamestop is thriving internationally (ex. updated its global websites) +* Gamestop is working on an NFT +* Gamestop has hired quality key personnel +* *Update:* Gamestop is updating its e-commerce strategy *(Forgot to add this in. This is important. See Image 3, Row 3, and my Update below)* + +&#x200B; + +**Why would Gamestop do this?** + +&#x200B; + +**The message that,** ***I believe***, Gamestop is sending its investors as well as those hedge funds who have shorted it is this: + +Gamestop is not going anywhere. + +Shorts must cover. + +💎🙌🚀🌕 + +[u\/luridess out!](https://preview.redd.it/6nhgafsh7w371.png?width=300&format=png&auto=webp&s=93f0e5b7258d41665e8d3990e5aeeae77c61bedf) + +&#x200B; + +***Edits/Updates:*** + +1. **New Observation as further proof that Gamestop is communicating with shareholders and hedgefunds:** In 2021, Gamestop very sneakily **referenced its e-commerce platform**, **for the first time,** as a possible strategy for retaining customers due to store closures. See Image 3, Row 3. (I forgot to add this in my original post above). +2. Added e-commerce as another recent update example, which is important given the clues Gamestop left in its 2021 SEC 10-K filing +3. In response to u/Meegeek's insightful [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0ymild?utm_source=share&utm_medium=web2x&context=3): + 1. Yes I agree with you - 10-K filings are the main communication tool for publicly-listed companies. Normally, these things are very dry and are only read by analysts/lawyers/professionals. + 2. It's also obvious that this was the case with Gamestop's previous 10-K filings. + 3. I agree with you that Gamestop's 2021 10-K filing is unique. + 4. The fact that Gamestop confirmed that its shares were shorted as of January 31, 2021, to me seems like Gamestop is saying between the lines: We are aware of what is going on, we are aware that we are being targeted by naked short sellers who are betting on us going bankrupt, and we are implementing fundamental changes to the company as a way to fight back. Game on. + 5. This is why we see not only a fundamental shift in risk factors, but also very specific language being used (For example, the addition of "e-commerce" as possible strategy for retaining customers due to store closures. These tiny few words hinted at what was coming, something that most of us missed on the first read: Gamestop's fundamental shift in its e-commerce strategy just weeks after filing its 10-K in March 2021) + 6. My theory is that Hedge Funds probably have hundreds of people hired whose sole job is to go through each company's 10-K filings and determine, on a year-by-year basis, which companies look like they will go bankrupt in the next few years or so. Then, armed with that information, they go after those companies. The side-by-side comparison of Gamestop's 10-K filings seems to be a perfect example of that, right up until 2021. +4. In response to u/readitfan's comment: I updated the image caption on the Mic Drop to reflect your comment. :) +5. In response to u/eastrod's [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yuqav?utm_source=share&utm_medium=web2x&context=3): + 1. Thank you. I will certainly take a look at Gamestop's 8-K after it's posted and share my thoughts. I'm subscribed to their SEC Filing RSS feed. + 2. In the meantime, [here's a link to last year's SEC 8-K](https://news.gamestop.com/node/18081/html), filed on June 18, 2020 after their June 12, 2020 shareholder's meeting. + 3. Here's the relevant wording used last year:"On June 12, 2020, the Company held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders voted on: (1) the election of directors; (2) an advisory non-binding resolution regarding the compensation of the Company’s named executive officers; and (3) the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 30, 2021.**First Coast Results, Inc., the independent inspector of the elections (the "Inspector") for the Annual Meeting, delivered its final vote tabulation on June 17, 2020 that certified the voting results for each of the matters that were submitted to a vote at the Annual Meeting. According to the Inspector's final tabulation of voting, stockholders representing 42,886,817 shares, or 66.4% of the Company's common stock outstanding as of the record date for the Annual Meeting, were present in person or were represented by proxy at the Annual Meeting."** +6. **In response to** u/eastrod's [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yxuh4?utm_source=share&utm_medium=web2x&context=3): I COMPLETELY FORGOT ABOUT THAT! You're right. Although I didn't know what was going on at the time, I did spot Gamestop slowly trickling shares into the market back on April 15 but no one listened to me 😥 + 1. **EASTER EGG UPDATE:** Another forgotten Easter Egg that I noticed in Gamestop's April 15 SEC filing but didn't know what was happening (because I completely forgot about this until u/eastrod mentioned it in a comment below) + 2. I [posted this](https://www.reddit.com/r/Superstonk/comments/mwup95/i_figured_out_why_uratioatblessons_mentioned_me/) a month ago in response to some of the conspiracy theories out there about me. It didn't gain a lot of traction and so not many people saw what I spotted: **That Gamestop's total share count was higher on April 15 than it had been when it filed its 10-K in March.** + 3. In that post, I basically said: +*"If you 🦍s do want to spend some time and energy chasing something, maybe you should try to figure out how Gamestop suddenly has 835,950 MORE shares as of April 15, than it did when it filed its 2021 SEC filing.* +*Could be nothing, could be something. I don't have enough wrinkles to figure that out. I'm just good at spotting differences."* + 4. My comment was dismissed, and no one bothered to follow up on that SEC filing. + 5. It was only after the fact that we all realized this was Gamestop slowly trickling shares into the market... + +&#x200B; + +&#x200B; + +&#x200B; + +***Not financial or legal advice*** +We sent in the birth certificate before the 30 day time period ended to verify a dependent via the company (BCBS's) online portal. That was 2 months ago. Today we got a letter saying they never received it and they've dropped her coverage. + +We have BCBS PPO. Our daughter is 3 months old and has a health issue. It looked like all her claims were being paid. They claim they sent us 2 notice letters. We never got any such thing. Obviously we would have acted immediately. The company site also says due to the COVID 19 national emergency we may have a year to add a dependent. Does anyone know anything about this? +Please help us; I'm panicked. + +UPDATE: Husband says it's Alight working on behalf of BCBS who didn't receive the document we uploaded electronically. + +UPDATE2: So here's what happened. We did not submit the birth certificate to the correct employee benefits portal for dependent verification. The file we uploaded apparently wasn't even the birth certificate. We have filed an appeal with the Benefits Proivder, Alight. I don't know what to do at this point if our appeal is denied except pay cash in full for all our newborn's medical expenses. I feel so lost. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +I joined a startup a while back and we’re getting acquired. I was the first employee to join the company after the 2 founders and I played an important role in the development of the business, so I got a good chunk of the company as compensation. + +After negotiating the acquisition for the past 5 months, my share (both cash and stock in the new company) is worth JUST under 9 figures. + +The stock in the acquiring company won’t vest for a while, but my cash payment is 8 low figures and I will receive it mid-September. + +I’ve had a CPA to help me keep track of taxes and all NW related stuff. I contributed the max to my retirement plan and have been saving about 30% of my paycheck for the past few years. + +Beyond that, I’ve been so focused on growing the business that I’ve done little planning for the future. My role within the company was not finance related, so I’m not what you’d consider “investment savvy”. + +I’ve been sort of reading online and trying to form some sort of plan of action, but there’s so much and often conflicting information. + +I’m in my early 30’s, I carry nearly zero debt, I’m single, no kids, no mortgage, my company provides a car, so I don’t even have a car payment. + +As far as goals, I live comfortably, so I don’t see the need to drastically change my lifestyle beyond perhaps buying a fun car, or perhaps taking a celebratory vacation, or something like that. + +I have 3 nieces and nephews for whom I’d like to pay for their college, and I’d like to buy a house for my mom. She’s a modest person, so it will be nice, but definitely not some ostentatious palace. + +As far as work, I am required to maintain my position post-acquisition for a minimum of 90 days, after which they’ll make me (or decline to make me) an offer for a permanent position. I haven’t made a final decision, but right now I’m inclined to say that I’ll probably leave and invest a small amount developing a startup of my own since I have some ideas that I feel have potential. + +I’d definitely like to stash most of my NW in super safe investments so that in the case my startup doesn’t work out I can generate income from my NW alone while I figure what the next step is. That’s it! That’s as far as I’ve thought. + +I’m hoping someone that has gone through a similar process can give me some advice based on their personal experiences. + +Thank you kindly! +I’ve been reading a lot of justifiable discussion from multiple subs about certain Brokers potentially making it “more difficult” to buy and/or sell during the squeeze. + +As a rule... I automatically activate screen record when anything.... and i mean anything unusual occurs during the day. (Iphone) slow ticker, abnormal jumps or declines, loss of signal, app reset for no reason, any weird glitch, slow or unable to trade, numbers not refreshing, etc. As well as before and after every transaction. + +I will be activating SCREEN RECORD when the squeeze begins in order to document each and every move i make. + +I’d highly recommend that all Apes do the exact same thing. If you are trading on a lap or desktop... do the same. Don’t know how?.... you need to figure it out now and be prepared to use it. + +If any abnormal trading practices occur we will all have combined verifiable proof. I don’t have to go into depth about all the possible methods of confusion that will be implemented, because you are all well aware of what we are up against. + +With our combined mass documentation across ALL platforms and Brokers we will have a complete picture of the entire PROCESS from beginning to end. + +You do not have to record from bell to bell.... as this will take multiple days to fully manifest.... you should, however, start recording before you make any moves or change from screen to screen. + +I know I’m posting this late so it might not get that much traction so I’ll try to post it again. + +Please cross post this so ALL can see or upvote it to get it seen. This is an extremely important step and is not controversial nor financial advice so it should not offend anyone... we are all here for the same reason and this is a simple way to keep the checks and balances of our system documented. The more Apes and Apettes that document this historic event the clearer the picture will be and between the millions of us we should be able to document every single second. If a mass anomaly or forced error does occur, we can prove it was not an isolated event.... as many will undoubtedly try to convince. This is the LAST thing “THEY” want us to do. Besides selling. + +Also.... won’t it be cool to go back and watch the millions rolling into your accounts!?!?! Trust me it will be a blur while it is happening! + +I like the Stonk.... patience produces the sweetest fruits.... harvest when ripe. +✋💎🤚🦍hodl💥💥🔥🔥🚀 +Maybe you have already known the Turkish economy goes down. Turkish liras decrease very quickly. And this point i am living in Turkey. So i ask you what should i do? +For make money or protect my moneys value. If you were me what will you do ? +Graph of this issue: +https://i.redd.it/6j3m02n4e0n41.jpg + +The pan-European Stoxx 600 dropped 8% near the start of trading, travel and leisure stocks plummeting 14.3% to lead losses as all sectors and major bourses slid into the red. + +Markets on Monday are reacting to the shutdown taking place on the continent. Spain has imposed a 15-day nationwide lockdown, banning its 46 million citizens from all-non essential movement. The country imposed the state of emergency decree, as it confirmed the highest number of COVID-19 cases in Europe, after Italy. + +Meanwhile, France and Germany have closed large parts of their economies and fortified borders as they step up their efforts to contain the spread of the coronavirus. + +How low do you think the stock market will go before it bottoms out? +A prospective tenant that is moving to my city willing to pay 6 months rent upfront and show proof of finances in lieu of employment documents because they don't have confirmed employment offers yet. + +Anyone dealt with these kind of situation before? + +Pro/cons? + +Thanks + +edit: I should of added more information, but they are a family with kids moving to Canada from overseas. +So a bit of background. + +My grandfather died when I was 4 and my mom passed the inheritance to me (1/3 of his 1/2). My grandmother died 3.5 years ago and in her will the split was 1/2 for my uncle (who had brain trauma as a child and so is developmentally impaired), and 1/4 to my mom and aunt. + +My aunt bought out my mom's share from her after my grandmother passed. + +The property was a 505 square meters, with a big garden and a house in pretty bad shape. + +The property was values at 14 million HUF officially back then, but my aunt said she didn't want to sell it so cheap and we had time to wait for a good buyer and was aiming for 18 at the very least. This was in may 2019. + +We didn't find a buyer and then COVID happened so things got postponed. I have a decent relationship with her but we aren't close and we don't keep in touch much. + +She did mention in a passing comment once that she planned to renovate it, but i assumed shed let me know when it happened. + +Fast forward to yesterday, she calls me that there's a buyer and that I need to travel there to meet the lawyer and sign the contract next Tuesday. I ask how much is the offer, she says 38m, I'm a but confused and she says that my share will be of the original valuation 3 years ago, I say okay, we hang up. + +Today I got the contract and it mentions that she paid for renovations out of her own pocket (there's a list of things done. Wood flooring, bathroom, drainage and removal of stuff from the property) and the other owners will get their share based on the 2019 valuation. + +Now, I don't *need* the money and it's something I planned to invest in case my mom needed assistance later in her life since she's schizophrenic, and it partially makes sense that since she renovated it and dealt with the real estate agents etc she gets a bigger share for that, however: + +1) I was not involved in the renovation plans or process at all +2) the market value of properties in my country has risen 55-77% since then depending how you calculate it. + +Am I wrong of thinking this deal is pretty unfair for me? + +Should I push it? And if yes, what kind of arrangement would be fair without burning a bridges down? + +(I asked a lawyer acquaintance and he said legally I can ask for the 1/6th of the sale so the law is on my side, but I consider that the nuclear option) +Look I get it we are all excited about MOASS and want to be the one who predicted it or figure out the exact catalyst that will launch this thing to the moon and beyond. + +Ryan himself said in the last earnings call. We won't go telegraphing our strategy for our competitors to beat us to it. However apes are scowering through every document, filing, theory trying to piece it together. While I do believe competitors are trying to do the same thing we are serving up ideas and clues on silver patters to them. + +All I am saying is maybe we should just chill on these type of posts and instead focus on exposing the shf and MM on how they are cooking the books. + +Think of it this way. Ryan is planning the most epic surprise party of all time and it is for the whole world and just before they open the door and yell surprise a person runs out ahead and yells OMG you guys it's so cool they are doing it + +MOASS will happen. GameStop will be transformed and blow all of our minds and we will get our tendys. Just be patient and let Ryan do it in his time. +Hey Shorties, + +I thought I would give some insight into each segment of the wheel and the main implications for delta. + +Professional Options Trading is all about managing delta. Understanding what it is, how it changes, and how to adjust as needed will give you a severe edge over buy and hold/static delta. + +Let’s take a look at the ever-popular wheel and what delta means for it. The wheel starts with a short put, giving you positive delta. Because of gamma, if the short put ventures further out of the money - the delta of the option will begin to decline and your ability to participate in further appreciation will atrophy if left alone. The inverse is also true. As the option ventures in the money, it’s delta will expand and your participation in the decline will accelerate. + +Then we venture into a covered call. A covered call is a short call secured by static delta. Because we are venturing on the other side of the aisle, however, you would think that things would work in reverse, however they do not. As the asset appreciates, your delta will shrink and as it declines it will expand. This is because a covered call reaches maximum profit when it’s delta becomes zero as the short call will have a delta of -1 and the covered shares will have a delta of 1. When called away you are left with premium and 0 delta. + +Here is the fun part however. If you want to participate in the appreciation of an underlying, short a put. You are able to continuously maintain your starting delta by rolling down at each new strike as the previous option moves one strike out of the money. + +If you want to hedge against declines in shares you hold, sell a covered call. As the asset declines you are able to continuously roll down your short call to maintain your starting delta and your negative hedge. + +So how do we out perform an underlying asset using short options? It’s impossible in a bull market, right? Actually… you can. Here’s how… + +Sell short puts at the closest strike to 50 delta. This will maximize extrinsic value. Extrinsic value is a head start, a handicap. Sell it 30+ days out to remove gamma. Remember we want to maintain or delta, and gamma’s job is to change it. Roll your put down a strike as soon as the next one down has a delta closest to 50. Why? We want to participate in appreciation and if we don’t we won’t fully capture the rise. + +Alright well, what happens if the asset falls? Do nothing. Let your delta increase for the same reason as above. We will participate and recoup the loss faster when the underlying rebounds. If your option gets to 21 DTE, roll it out to the next monthly and maintain your strike. You want to keep that built up delta. Keep milking this until you are done with the asset. + +But wait how is this out performing? Each roll down will capture and secure gains that buy and hold and static delta do not. Maintaining equity shares makes you subject to volatility whipsaw. By constantly skimming profit and waiting for recovery before repeating, you are banking incremental rises that are not subject to that same volatility. You will skim profit from the natural price action of the underlying at every available opportunity that would require a firm exit strategy from buy and hold. + + +Think of your entry as a baseline and the current price as a top line. Buy and hold never adjusts their baseline until they exit and re-enter their position. Every time you roll down your strike however you are incrementally raising your baseline by small increments which allows you to exit the position and maintain all your banked profit easier. The secret is knowing when to be done with the asset. I can’t help you there. I usually look for price below a moving average and exit when it reaches mean. But any ole method should work. + +Shoot me your questions below. +Probability is pretty self explanatory. + +But I have a curious question. + +How much do you feel rolling an option increases your overall trade success rate? + +If you have a coin flip that is 70 percent in your favor is it basically just like flipping the coin again? + +I know it is beneficial I just want to discuss and hear others thoughts and opinions, and some facts about it + +Thanks! +I'm sure everyone has seen the clip by now. If you haven't Google it. + +USD is the world's reserve currency, china holds over 3T USD alone. USD stabilizes local currencies around the globe. If China decides to cash out their USD for a cryptocurrency. It would crash the USD, US economy and the US would lose it's world power status. This is a very real threat that in my opinion is inevitable + +If this scares you I would recommend researching the technology behind crypto and buying the best one. Even a small amount of a crypto that will become the world's new reserve currency will lead to incredible gains. I have my opinion on which crypto I think will succeed but I don't want to be labeled a shill +I thought this might be an entertaining and encouraging thread if people are willing to share out. As the title states, how fast did you 10x? I'd also appreciate if you shared abit of detail as to how you accomplished this. +I saw Apex pop back up before in a comment thread and wondered whatever happened to the momentum behind that line of investi*ape*tion? From the BrokerCheck Report of APEX CLEARING CORPORATION, **all FINRA findings have allowed no admission of liability and a chump change fine**. + +Why is this not talked about more? + +Even Vlad keeps pointing his finger at them for imposing restrictions last year and we continue to fling shit at Citadel? Citadel is a criminal enterprise too, run by financial terrorist CEO Kenneth Cordele Griffin, but we should be talking about the crimes of APEX CLEARING too. + +# Examples: + +**Example 1 |** Page 22, Disclosure 1/44: + +[Failed to enforce a system that would track their crime.](https://preview.redd.it/2oji3s06zfh81.png?width=1202&format=png&auto=webp&s=a4e0f4c1ff7917aed1dee1bd7011cbcd9b2c27c5) + +**Example 2 |** Page 24, Disclosure 2/44: + +[Whoopsy, misreported short interest, where have we seen that before?](https://preview.redd.it/j5hpngejzfh81.png?width=1176&format=png&auto=webp&s=a5b9e9f246f68c2b7ba1e70b13f8b429755bae8c) + +**Example 3 |** Page 26, Disclosure 3/44: + +[Failed to report large option positions in THOUSANDS OF INSTANCES](https://preview.redd.it/zxv9ntwz0gh81.png?width=1200&format=png&auto=webp&s=85380b858f94ddc148baa663245a92d4e7860e28) + +**Example 4 |** Page 29, Disclosure 4/44: + +[Ooops, how 'erroneous' of me...](https://preview.redd.it/38iv9cxryfh81.png?width=1238&format=png&auto=webp&s=fae8e6cb9ba72870d27cb44ce8113159ced6c289) + +These are just from the 4 most recently viewable fines from 2019 and do not include any fines from more recent years because FINRA moves like a snail. We need to **make more noise about APEX CLEARING**, they are a criminal enterprise who are not being regulated correctly. + +&#x200B; + +**When FINRA overhaul?** + +**When APEX liquidation?** + +**When Congress braincells?** + +&#x200B; + +**PDF:** + +[https://files.brokercheck.finra.org/firm/firm\_13071.pdf](https://files.brokercheck.finra.org/firm/firm_13071.pdf) + +# + +# Faces of APEX's top criminals: + +[William Capuzzi \(CEO\) at Apex Clearing](https://preview.redd.it/qnry18ds2gh81.png?width=498&format=png&auto=webp&s=81e464de7e0d49a741fe7fb237dabc0cd4fb625b) + +[William Brennan \(CFO\) at Apex Clearing](https://preview.redd.it/l7uqh6ds2gh81.jpg?width=350&format=pjpg&auto=webp&s=6fe2e844c4b679afe07ea3e4b8c744e9e17b7572) + +[Tricia Rothschild \(President\) at Apex Clearing at the time this FINRA document was produced but is not currently president after serving only 1 year with Apex.](https://preview.redd.it/w2fpn6ds2gh81.jpg?width=840&format=pjpg&auto=webp&s=0cf8e659fcab54ae23adbc9933ff80df9602bbd8) + +[David 'Terry' Ray \(COO\) at Apex Clearing](https://preview.redd.it/aikblnw56gh81.jpg?width=231&format=pjpg&auto=webp&s=1baf03248cbf1a739abc877afd56ac6883b34ad9) + +[Andrew Tourney \(CCO\) at Apex Clearing \(& CCO at PEAK6\) - Note PEAK6 and APEX are basically the same thing \(PEAK6 owns controlling share of APEX and many senior criminals are on both boards\).](https://preview.redd.it/wr74xc5f4gh81.jpg?width=337&format=pjpg&auto=webp&s=18becd8d74cdd2123f296b60dadf7f9785aa9680) + +&#x200B; + +Sidenote, **Andrew Tourney used to work at FINRA:** + +[FINA for 8 years 2004-2012](https://preview.redd.it/02ifochn4gh81.png?width=1222&format=png&auto=webp&s=789b72b619c3e0ce1ca3fd626400f9a7c9f7f3e4) + +*How exactly he's amassed more than 17years experience as a pre-pubescent looking teenager, I do not know, also relax with the trim bro, looking like a school shooter up in ya dad's suit.* + +The point of this post is to ensure that these assholes remain in our eyeline as they are clearly more interwoven in the biggest financial fraud in history than we have realised. I can't be the only one who thinks we've not shone our banana torch on them enough. + +[\*inserts banana torch\*](https://preview.redd.it/akl2nr2k9gh81.jpg?width=500&format=pjpg&auto=webp&s=3669902b416f0dc99c9f089f1eef6f610914f8ed) + +The same goes for FINRA, we've been giving shit to the SEC (rightly in my view at least until some recent events which make GG look more trustworthy) but we haven't given anywhere near the same heat to FINRA. + +&#x200B; + +Which brings me back to: + +**"WITHOUT ADMITTING OR DENYING GUILT"...** + +These 5 words are everywhere, littered throughout the 'Allegations' section of these documents, not just for APEX but for CITADEL and VIRTU and every other corrupt institution that FINRA are supposed to regulate. + +If they never have to admit wrong-doing they will never learn, if they don't admit liability we cannot prove that there is a pattern when it happens again and thus they have an infinite anti-punishment glitch. + +We need to be pushing hard for fines that mean something (200%+ on the spot, not 0.00000001% 5 years later) and no more avoiding guilt or liability - **if they pay the fine they did something wrong**, **so they should run the risk of being crushed by the law or not be in business in the first place**. + +Seems simple enough to me. +Some of you saw my [Unusual Options Activity Summary](https://www.reddit.com/r/options/comments/hgynw8/options_flow_and_unusual_activity_from_the_week/) from last week. I came across 2 interesting plays today on my UOA scanner that I thought you all might find interesting! + +**W - Wayfair Inc** + +Player opened up a synthetic long position, where they buy the call and sell the put at the same strike. This kind of strategy ultimately has the same risk as going long on shares. What they did: They bought 2,600 July 17 calls at the $205 strike and sold 2,600 July puts at the $205 strike. Total dollars involved in the transaction was approximately $6.8 million in premium, which is quite a large position! I will be interested to follow the stock as those are relatively short-term expirations and they are expecting a big move up. + +&#x200B; + +**LULU - Lululemon Inc** + +Minutes before the closing bell a player purchased 1,000 call contracts at the $305 strike for July 2nd expiration and a total premium of about 100k. Shortly after the close LULU announced they are acquiring fitness startup MIRROR. LULU is up 3% after-hours. Very cool and very legal \*inserts sunglasses emoji\* + +&#x200B; + +That's all the notable action for today. Enjoy +Okay, I've been typing all day and sipping coffee all night, so strap in for my crayon drawings. + +**Citadel and Point72 have owned at least 51% (controlling interest) in Melvin Capital since January 24th (through a private placement investment/unregistered offering) following Melvin receiving notice that their broker/dealer had margin called them.** Let me explain. + +[https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW](https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW) + +Not that I think anyone should read or trust Reuters (or any source for that matter, even me) but they have been an interesting source to evaluate since January. + +In the above article (posted Jan 31st) it's stated that a "-Source" (sus af trust no one haha) disclosed that Melvin Capital ended the month with over $8 Billion in assets under management (AUM). + +Traditional AUM reporting includes positions purchased with margin; so that $8 billion reported includes margin positions, **it doesn't include short positions because a short's loss isn't realized until the position is closed, on the contrary, proceeds from a short position can be used freely to purchase positions that will be shown on AUM**. There is also a term called regulatory AUM which means the $ amount value of assets managed by a fund when accounting for losses in unclosed positions and tracks margin but big surprise funds don't offer this number publicly. + +There are two possibilities as of Jan 31st: + +Reuters "Source" purposefully leaked the $8B number to suggest Melvin was worth more than $5.5B at the time of Citadel and Point 72's combined $2.75B share equity purchase. + +or + +That $8B number is the amount of capital Melvin had after gaining access to more leverage using the $2.75B. If you remove the $2.75B "infusion" from the total $8B AUM reported it's $5.25B, **exactly half of $5.25B is $2.625B. Meaning, if Melvin raised funds at a valuation $5.25B, a $2.75B investment would be able to purchase controlling interest through a private placement investment.** + +**I believe That $8B number represents Melvin Capital's AUM after a $2.75B "infusion" and any margin they were able to gain access to between Jan 24th and Jan 31st. This would develop a narrative that Melvin did not have to sell controlling interest in the company to raise capital to prevent a bankruptcy.** + +**Citadel and Point72 purchased more than half of the existing funds share equity, and even if unleveraged, that $2.75B accounted for 1/3rd of the total assets under management as of Jan 31. The links below will explain some of the nuances to private placement investments.** + +[https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html](https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html) + +[https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_privateplacements.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_privateplacements.html) + +" A securities offering exempt from registration with the SEC is sometimes referred to as a *private placement* or an *unregistered offering*." + +"[Hedge funds](http://investor.gov/news-alerts/hedge-funds) and other private funds also engage in private placements." + +**When investing through a private placement, the investor is essentially purchasing equity shares in that company. Owning more than 50% of a company's equity shares means you have controlling interest in that company.** + +"The majority shareholder's controlling interest means he or she has more voting power and can influence the company's strategic direction and operation" + +[https://www.upcounsel.com/majority-shareholder](https://www.upcounsel.com/majority-shareholder) + +Okay so, remember January? it was only a few decades ago right? + +**Between January 26th and January 28th GOOG fell from $1917 to $1830;** + +**Between January 26th and January 29th FICO fell from $511 to $450.** + +**Between January 26th and January 29th AMZN fell from $3,326 to $3,206** + +**Melvin had/has big positions in all those stocks**. **I think these drops are all the result of Melvin Capital receiving a margin call but they stayed holding positions acquired with cash.** + +When a margin call takes place, the broker/dealer often uses software/algorithms to close out the positions meaning that a computer will buy at **LITERALLY ANY PRICE WITHIN A SPECIFIED RANGE**. I believe this attempted margin call (I'll explain why I call it an attempted margin call) contributed greatly to the buying pressure and run up to $483. "Technical issues" such as partial GME shares selling for over $2k may have resulted from this attempted margin call (also maybe not, just can't explain this any other way): + +[https://www.reddit.com/r/wallstreetbets/comments/l7et6x/technical\_error\_gain\_market\_order\_filled\_for\_gme/](https://www.reddit.com/r/wallstreetbets/comments/l7et6x/technical_error_gain_market_order_filled_for_gme/) + +[https://www.reddit.com/r/wallstreetbets/comments/l7aj2e/mic\_drop/gl64fks/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/wallstreetbets/comments/l7aj2e/mic_drop/gl64fks/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Comment section: [https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30\_seconds\_from\_triggering\_market\_nuclear\_bomb/gl5vgof/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=web2x&context=3) + +Remember Plotkin said in the hearing that he didn't think the price action was influenced by shorts covering; I still believe he knew that covering their entire short position would send the stock much, much higher and break the financial system which we might have seen if the buy stoppage did not occur. + +As will take place when the MOASS occurs, the broker/dealer (remember we don't know where Melvin bought their shorts, it could very well be Citadel, or another completely random broker/MM) who lent to Melvin would've had to decide to bankrupt themselves to attempt to cover and realized **covering without going bankrupt was impossible.** Only way to avoid bankruptcy was to require Melvin to locate adequate funding and along came Citadel and Point72 to "pro-actively contribute" $2.75B to prevent further margin call of Melvin through private placement. + +This is likely because whenever Melvin's broker/lender realized shit was hitting the fan they may have attempted to margin call Melvin's naked short position on GME; only to realize they **literally can't cover it even with a margin call due to unavailable float since we now know available float is 26M.** (what I meant by "attempted margin call") + +If we look at the recent situation involving Archegos Capital, we can observe that the ability to acquire ridiculously risky leverage is fairly easy for bigger funds/big money (and just think Archegos was a "family office" lol). [https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks](https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks) + +Reading that article would suggest that Archegos could have held a total portfolio of up to $100B because **"the lenders couldn’t see that Hwang was taking parallel positions at multiple firms"**. + +It also mentions that Credit Suisse took (at a minimum) a $4B (some total estimates up to $10B total) hit after margin calling Archegos (**4x their annual income generated by their largest sector**; the real estate side), which shows why a broker/dealer may be hesitant to margin call since they can get burned really fucking bad, if say... their client is stupid overleveraged and used the loans you gave them as collateral to gain more leverage (that actually happened fucking lol). + +Looking at the most recent Fintel summary for Melvin Capital. I think they could be trying to create the illusion of growth by acquiring more margin: + +[https://fintel.io/i/melvin-capital-management-lp](https://fintel.io/i/melvin-capital-management-lp) + +First thing to observe is that they are listing a **total asset portfolio of $22B as of 12/31/2020.** [**https://fintel.io/i13fs/melvin-capital-management-lp**](https://fintel.io/i13fs/melvin-capital-management-lp) + +[**https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49**](https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49) + +**Wait, so a fund that had $22B under management on 12/31/2020 only had $8B on 01/31/2021 AFTER receiving a $2.75B "cash infusion" on the 01/24? From this it can be observed that between 12/31/2020 and 01/31/2021 Melvin lost a MINIMUM $14B and could have lost well up to $16.25B total assets if that $8B includes leveraged gained using the $2.75B from Kenny and Stevie-boy. IMO $15B loss on a $22B fund sounds like a margin call to me** + +We can also see that Melvin is still reporting positions as of 03/19/2021. So they are still in business and still purchasing stock, but we can observe that *their website is down (u/Sh0w3n pointed out this is a misunderstanding on my part, the website has had that blankish display screen well before I or other apes noticed it) and their phone line is down*. Doesn't mean they've closed their doors but I will say it reminds me of a business transition that might take place when a business is "under new management". + +[https://www.reddit.com/r/Superstonk/comments/myulmm/so\_i\_hear\_melvin\_secretly\_went\_out\_of\_business\_in/gvxaj0n/](https://www.reddit.com/r/Superstonk/comments/myulmm/so_i_hear_melvin_secretly_went_out_of_business_in/gvxaj0n/) + +But they have renewed their SEC registration this past march: [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf) + +Looking at their SEC filings can shed some light of this, We can notice Melvin's behavior as a fund change by observing certain position changes between Q4 2020 - Q1 2021 + +If we compare Melvin Capitals SEC quarterly reports side by side; we can see that Melvin has without a doubt gained access to more capital through short selling. **A quick glance at the position differences on these reports and it doesn't even look like the same fund**: + +2020 Q4: [https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F_X01/infotable.xml) + +2021 Q1: + +[https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F_X01/infotable.xml) + +**Deductions I made from the QoQ report comparison,** **keep in mind the most recent FINTEL report reflects the positions value on 31/01/2020 when GME was $19.50 (when I'm writing this GME is $177.77 so Melvin is at least 8x as fuk as they were in December 2020).** + +. **Put position in GME increased by 600,000 shares from October 2020 - December 2020 but value of put position (amount outstanding) has more than doubled from $55M to $113M.** + +. **AMD position increased by 1.6M shares, from 2.1M to 3.7M** + +. **MSFT position decreased by 100k shares** + +. **COMPLETELY NEW 6.4M share put position in Mylan Pharma (Ticker:VTRS) on 12/31/2020. VTRS stock has been hammered down significantly Feb 19th(3 days after the SEC report was filed). They likely waited to report their position and then aggressively raised more capital by shorting VTRS further. This is a play we've seen from Citadel before as they have shorted stocks such as BNGO, SNDL and MVIS to create more capital for their short plays in GME and AMC(IMO).** + +. **COMPLETELY NEW 600k share put position in AMC. Citadel is also short AMC. Seeing this position materialize between Q4 2020 - Q1 2021 supports the thesis that Citadel has an influence over the strategy Melvin is undertaking.** + +**. COMPLETELY NEW 490K share position in FaceBook (Again Citadel and Point72 are long on FB)** + +. **AEO position decreased by 3 Million shares** + +. **AMZN position decreased by 84k shares (remember AMZN is a thousand dollar stock, 84k shares is a lot of capital)** + +**I also noticed certain positions were gone entirely on the Q1 SEC report** + +. **190K share position in Domino's** + +. **1.3M share position in McDonalds** + +**. 3.5M share position in Hyatt Hotels** + +**. 1.5M share position in Live Nation** + +. **700k share position in Paypal** + +I feel these changes support the thesis that **Melvin Capital has changed their investment strategy due to new majority ownership.** + +Remember the squeeze will most likely default multiple lenders, bankrupt a lot of financial institutions and may be the catalyst for a monumental financial crisis (that would have happened soon anyway I mean seriously, I can't believe people think this shit is sustainable). The Hedge Funds on the short side will do anything they can to avoid losing everything by any means necessary. + +I encourage criticism of this thesis. I encourage you to prove this thesis wrong. Go through the Quarterly SEC filings. read the source material. Comparing perspectives and scrutinizing research is the best way for accurate information to prevail (which should always be the goal). + +I will say though, the skeptic in me wonders if Citadel abused their MM privilege to facilitate short sales for other funds without locating borrows and realized they are ultimately fucked when they have to margin call those shorts. Would explain the RH buy stoppage as well, since Citadel owns RH order flow and therefore would own any naked shorts they sold to RH users as legitimate stock. This might not be the case but it's obvious that Citadel cannot afford Melvin to be margin called. That much is clear. + +**TLDR:** + +**Citadel and Point72 purchased over 51% of Melvin Capital's share equity after Melvin's broker realized they couldn't close their positions and complete margin call without risking bankruptcy. Since January, Citadel and Point72 collectively possess controlling interest in the company's direction and strategy. Melvin's most recent balance sheet on Fintel lists $22B in AUM, as of 01/31/2021 Melvin had $8B in AUM meaning that Melvin lost at minimum $15B in January. Now where else could Melvin get the type of capital support to keep this charade going (after reports of 49% Q1 losses) if not from the the other funds who stand to lose literally everything if Melvin is margin called on their short positions (be they naked or not).** + +**HEDGIES R FUK.** + +Oh yeah and I'll just leave this here: [https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting](https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting) **That's Melvin's old building.** **Two floors underneath Melvin, S3 Capital/Spruce Capital is no longer occupying their office on the 19th floor (despite still listing it on their website).** [**http://sprucecap.com/contact-us/**](http://sprucecap.com/contact-us/) + +Edit 1: updated to correct my assertion that Melvin Capital's website is down. According to fellow redditor u/Show3n it has been like that for quite some time. Thank you for the correct info 🙌🙌 + +Edit 2: Corrected erroneous maths (remember guys I can't read) + +Edit 3: Holy shit! Just woke up and saw this post is close to 5k upvotes and heaps of awards!! Thank you for reading and sharing! Definitely looking forward to my next DD 👀. + +Edit 4: Don't know how I forgot an emoji TLDR + +🦍🍌🍌🍌✍✍✍💎💎🙌🙌📈📈📈🍗🍗🍗 +HEDGIES: 🤷‍♂️🤷‍♂️🤷‍♂️ + + 🤵discovered 🔥, but 🦍's found GME. Have a wonderful day and enjoy earth while you can, cause we'll be out of the atmosphere before you know it✌ + +Edit 5: Corrected my Fintel dates as pointed out by u/TakingOffFriday I severely botched this by confusing the the reporting dates with the filing date. All positions listed above are observed between October 2020- December 2020. Thank you again for contributing! +When I started trading recently, I told myself that I would only $395 a day. That would be $100,000 a year based on 253 trading days. I was happy with the idea. I have a real job making 70k a year. $100k in side income from my day trades. $170k a year. Not bad. Then I started to make $700-1000 a day. I couldn’t stop. + +Today I was up $760. Almost double my daily goal. Then I decided to trade more. Then market went exact opposite of how I thought it would go. I ended up losing all that and being red $1300. So I actually lose $2000. + +I can’t control my greed. I can’t get myself to stop trading when I’ve gotten what I had planned for. + +Edit: I’m not talking about not taking profit. I’m saying that I had already exited my trade and I was sitting on $760 in cash. Then I traded more and lost all of it +Non-profit, community driven projects almost always work better than paid alternatives, just look at wikipedia for example. Stuff just works better when its passionate people doing what they love and for the benefit of other kind people. Thats literally the core behind our community. Ape help ape, and I would love to see this community become a hub, by retail, for retail to point out instances of the big guy fucking over us little guys. To warn the average joe of fuckery they never would have even been aware of if all they had to go on was mainstream companies and their government. Whats happening rn really just proves that the people in power cannot be trusted, and here we have an alternative, real honest people researching for the good of the collective, rather than news outlets being paid off to feed misinformation and fake narratives to funnel as much money from the poor to the mega rich as possible. This sub and community could be the foundation for something really really awesome, and a catalyst for exposing and deposing the parasitic wankers that sit at the top of the hierarchy. + +I really enjoy reading through the DD and theories here everyday, and I dont want this to end with GME. Deep fucking love to you all <3 +I’ll start: “Being good with money is more about being disciplined than being good at math” + +I’ve met quite a few young people that believe that because they didn’t do well at math in school, they can never be good with money. Even when I tell them of many friends who weren’t good at math, but could save and invest regularly, they just don’t believe it. +Hello all, + +This is Gaurav from [KUVERA](https://kuvera.in/) + +Welcome to the AMA on Kuvera, MFs, investing, quants, etc.. [https://imgur.com/a/cQq9QGK](https://imgur.com/a/cQq9QGK) +- Complex algorithms will soon be behind more daily stock trades than humans. What if the math goes wrong? + +- Complex algos will, at some point, take over the Indian stock market. Is it fair for a few well-heeled market participants to secure undue advantages with the help of technology? + +Article link: https://www.livemint.com/market/stock-market-news/algos-are-changing-india-s-stock-markets-11578840300963.html +I’ve asked my mom multiple times to make me some food I can freeze and a hat/scarf set from Walmart for Christmas. She can still feel good about giving me something and it won’t cost her much. + +She bought my husband a gift card for video games and bought me a monopoly I don’t want and a sweater, that I know of. + +Anyone else have parents that do this? She has 15$ to her name and creditors calling constantly. I just wanted to spend the day with her and now we are fighting because I told her she’s just buying this stuff so that she feels good. No one enjoys her spending outside her means. + +I can’t be the only person dealing with this. + +Edit: Thanks for some perspective guys. It’s been helpful to read everyone’s stories and learn how you navigate the holidays. My mom won’t recognize me tomorrow since my heart grew three sizes today! Happy holidays everyone +Partially because of the influx in interest shown though my inbox due to the profession thread here, partially because of the dope flair I can get for doing this, and partially because I am clearly a narcissist and like attention I am hosting an AMA! I also am procrastinating hardcore. + +I am an analyst at a hedge fund where we go long and short equities, and I analyze pretty much anything for my managers. My situation is somewhat unique because I'm allowed to invest alongside the fund in my own ideas and I like to think my portfolio managers listen to what I'm thinking. I really like my job and intend to stay in finance for the foreseeable future, and hopefully one day I'll start my own fund. + +Other than equity investing I've advised a couple of start-ups on their business practices and capital raising, but I am by no means a good resource here. + +Ask away, + +**EDIT** WHEW! These AMAs are tough. I'm done for the night but since I'm addicted to reddit I'll probably check any new replies, and there are a few comments below I still want to respond to when I am in the right frame of mind! Thanks everyone for your interest, I only hope I could help you guys out with your questions enough to justify dedicating a thread to myself + +**EDIT 2**: Thanks for all your interest everyone! I'm glad to help and will still be reviewing this thread but think things are finally winding down, but if it's a useful question for others ask it still! **Also, a quick side-note: If anyone knows Veronica Vain can you tell her a semi-successful, self-proclaimed handsome analyst wants her bad?** Thanks again, and good luck to all those aspiring analysts and students +Wallstreetbets is unique on reddit because of its... "culture". We are all here for a single reason: To make money on high risk plays. + +Gains made overnight, or by holding through hell and high water, are to be equally celebrated. + +Losses should be mocked, derided, and if unique enough, given the high honor of being put into automod. + +At all costs, if we are to remain different than the rest of reddit, we must avoid the following: + +* Politics, we're not here to change the world (sorry) - we just like the stock. + +* Divisiveness, calling people bots and shills because they disagree with you only reduces diversity of thought, and drives away our best members. + +* Repetitive content, we have just barely enough IQ points to focus on multiple stocks at once, not everything has to be GME or Weedstocks. + +* Know it alls, remember rule 7 - "No Bullshitting". Stay humble and ask about what you don't know. After being insulted a few times, someone will help you out. + +--- + +#What you can do to keep this place great + +* Upvote new and interesting ideas. No one wants to see the front page filled with threads on the same stock or sector. + +* Mock people for not understanding something and doing their research, and don't speak beyond your knowledge. + +* Bring your own creative ideas to the table! Pick the dumbest company (over $1B market cap) and really read into their filings and let us know what you find! + +* Keep content related to megathread topics in the megathread. + +* Don't ask "what the next move is" - WSB is not your personal army, there is no agenda, no one speaks for WSB, and we don't "pump and dump" anything. Simply, we are a watering hole for risk loving individuals. + +--- + +#What we're doing to keep this place great + +* The whole mod team has been working overtime, clearing out low quality content and keeping things fresh. Less than 1% of threads make it out of /new. + +* In the absence of u/zjz's incredible bots, we're building new tools to assist with moderation efforts, but remain hopeful that zjz can return soon. + +* We're planning some fun community events. Can't say too much, but those of you who have been around will know. Guess we'll have to wait and see. + +* We will be reintroducing stickied DD threads. These will be automatically stickied based on flair, with high account age restrictions. + +--- + +#Why was my post/comment removed? CORRUPT! + +Over the past week, there were multiple *really good* DDs and YOLOs on PRPL, FNKO, SNDL, and many other stocks. The kind of stuff that gives you hope that the old WSB is very much alive. + +But you may have missed them because the front page was dominated with GME related talk. + +Don't let the bandwagoners steal your fresh DD. Downvote spam and low effort posts, upvote innovative posts. + +--- + +#A note on the moderation team: + +The team we currently have (missing you u/zjz) is the best we've ever had. Everyone on this team is entirely committed to keeping the subreddit stable and top notch. + +This mod team is a completely different beast than the two mod teams evicted over the past year. They are the ones who have actually put work into the subreddit over the years, and aren't just inactive. They have poured their souls into this sub for years. Yes, some are using throwaways because they'd rather not get doxxed (again), but if my vouch isn't enough, u/zjz vouched for them as well. + +Making everyone a mod for a week, paper trading competitions, automod responses, the discord and plenty of other fun facets of the subreddit were done by this very team. If you don't know what I'm talking about at this point, stick around. You'll have a blast. + +P.S. Dear SEC Intern: We don't endorse any tickers or movements. We're just here to trade and make dick jokes. +Other exchanges cost this much: + +* Kraken withdraws are 0.0017 ETH (about $2) +* Gemini withdraws are 0.001 ETH (about $1.6) +* Binance withdraws are 0.008 ETH (about $13) + +It's no secret some exchanges have high fees, but no other exchange runs a copy-paste of ethereum like binance, where they control all the nodes. + +Binance says _"hey it costs 600% more here to withdraw your ETH, but if you "withdraw" (bullshit) onto our ethereum copycat then it only costs$0.15 cents!!!"_. + +This is complete bullshit because it's literally not technically possible to "withdraw" ethereum on another network. You're *CONVERTING* your ethereum to their shitty centralized ethereum ripoff network instead. + +tldr; Binance is creating high withdraw fees on ethereum, and misusing the word "withdraw" to trick users into converting their ETH into their shitcoin so they can pump it and their centralized ethereum copycat. +Other exchanges cost this much: + +* Kraken withdraws are 0.0017 ETH (about $2) +* Gemini withdraws are 0.001 ETH (about $1.6) +* Binance withdraws are 0.008 ETH (about $13) + +It's no secret some exchanges have high fees, but no other exchange runs a copy-paste of ethereum like binance, where they control all the nodes. + +Binance says _"hey it costs 600% more here to withdraw your ETH, but if you "withdraw" (bullshit) onto our ethereum copycat then it only costs$0.15 cents!!!"_. + +This is complete bullshit because it's literally not technically possible to "withdraw" ethereum on another network. You're *CONVERTING* your ethereum to their shitty centralized ethereum ripoff network instead. + +tldr; Binance is creating high withdraw fees on ethereum, and misusing the word "withdraw" to trick users into converting their ETH into their shitcoin so they can pump it and their centralized ethereum copycat. +Hey everyone, + +I want to share a milestone of my jurney in the world of crypto curriencies. + +After having the issues of freezed funds etc. I am finally my own bank. + +I moved all my funds from exchanges into my harware wallet to keep them safe! + +It was very simple & easy to set-up the wallet, it also has a perfect interface to follow-up your assets. I recommend everybody to buy their own wallets for their own safety! + +I wish you all a great weekend fellow crypto enthusiasts! + +What else do you suggest me as a next milestone? Mining, staking? Waiting for your comments! 😀 + +https://preview.redd.it/zctjdyq43ge81.jpg?width=3000&format=pjpg&auto=webp&s=3c44fe33f8b879eb10bff0249b170ec6480a0168 +Hey everyone, + +I want to share a milestone of my jurney in the world of crypto curriencies. + +After having the issues of freezed funds etc. I am finally my own bank. + +I moved all my funds from exchanges into my harware wallet to keep them safe! + +It was very simple & easy to set-up the wallet, it also has a perfect interface to follow-up your assets. I recommend everybody to buy their own wallets for their own safety! + +I wish you all a great weekend fellow crypto enthusiasts! + +What else do you suggest me as a next milestone? Mining, staking? Waiting for your comments! 😀 + +https://preview.redd.it/zctjdyq43ge81.jpg?width=3000&format=pjpg&auto=webp&s=3c44fe33f8b879eb10bff0249b170ec6480a0168 + + +Every 180 days I make another post to [thread it back to the original](https://www.reddit.com/r/Daytrading/comments/fw82ow/after_2_years_of_daytrading_7_months_full_time/) before it's archived. I do this to prevent a bunch of small posts every few days about trivial subjects. + +[Part 1](https://www.reddit.com/r/Daytrading/comments/fw82ow/after_2_years_of_daytrading_7_months_full_time/) (Same link as 'thread it back to the original.) + +[Part 2](https://www.reddit.com/r/Daytrading/comments/j3zlqi/my_1_year_anniversary_of_full_time_day_trading_3/) + +[Part 3](https://www.reddit.com/r/Daytrading/comments/mh0nfp/part_3_my_full_time_trading_career_1_year_since_i/) + +**This is Part 4,** and I'll go over life outside of trading. The previous 3 talked mostly about trading and the outline of my style is written in them. If you're just scrolling and want to know what it managing money when you're income is completely trading. Then so be it. Mind you this is my experience as a single, male, mid-20's, no debt (anymore), minimalist, full-time trader living in Texas. + +**TL;DR** \- Full time trading has its pros and cons. The pros are obvious. The cons are what people don't talk about. The true cost of doing this as your source of income has the propensity to invite an extraordinary amount of stress. Trading is easy (very easy), it's the lifestyle that's not for the faint of heart because bills add up... And trading isn't gambling because statistics and risk management. + +Here's what I'll go over in this post: + +1. **The real cost of being full time** \- *The main one I want to tackle because like I've said in the past, "Risk management as a trader is 24/7." I touched up on this in Part 1 but I really want to break every single expense down and compare it to profits. Think about cost of living and what you're really giving up for this career such as health benefits, matching 401k, easy work, a consistent paycheck, and \*job security\*. This one will also answer the, "****How much do I need to do this business full time?****" Question.* ***It depends on your expenses.*** +2. **Psychology** \- *Briefly. It's a simple subject/debate. Quick paragraph because that's really all there is to "Psychology of trading"* + +I thought about writing this in a, **"Letter to myself 2 years ago"** to potentially allow readers to read it vicariously like a letter to yourself written from yourself 2 years in the future but perhaps another time as a random post down the line. + +There was consideration doing an **AMA** but [read The Wiki](https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading) if you want my patterns. *(I'm a mod here, I wouldn't mod a subreddit that suggests bad material. Everything to start you out is there. It's fantastic info)*. There's also a few videos on my Twitter from last year. + +**Before I begin:** Trading unfortunately has the propensity to attract gamblers. The entry barrier is so low you could start trading against the pros off a few apps on your phone. Allow that to digest before putting any risk out there. Yes, most lose. But redo that statistic with ONLY people that have a proven business plan backed by statistics then redact those who didn't follow the plan. If you have that with clear cut granular rules.. Fear is the only thing that will stop you from making this a healthy and respectable source of income. I would bet that the success rate would go north of 80%. + +***So we begin:*** + +1) The Real Cost of Trading Full Time: + +**A)** I assume you know exactly what your expenses are *but for the sake of granularity.. let's tackle the meat of everyday people:* + +* **Mortgage (PITI) / Rent** +* **Taxes on your house Home/Renters Insurance** +* **Health Insurance -** +* **Car Note (P&I only)** +* **Car Insurance** +* **Car Preventative Maintenance (Oil, Transmission Fluid, Servicing, Registration/Inspection)** +* **Gas** +* **Utilities** +* **Wifi** +* **CellPhone Bill** +* **Groceries** +* **And don't dare forget about your retirement or kid's 529 savings plan. Just because you trade stocks doesn't mean you don't need to invest. I do it. And yes it feels weird shorting NVDA for a day trade when that's my heaviest allocation since 2018.** +* (We'll get to the biggest bamboozlement of them all in a while...Income taxes) + +Now add some ancillary things in there like: Gym membership, haircut, night out with S/O, gifts for family and friends birthdays, Christmas/Hanukah gifts, and other services but we'll just calculate the necessities then play around with the numbers a bit: + +For visuals: [https://imgur.com/a/2LMW8QI](https://imgur.com/a/2LMW8QI) + +&#x200B; + +These are absolute necessities not including ancillary expenses for homeowners. Of course if you're renting by yourself, with friends, or living at home, adjust for yourself. This isn't including the income taxes you'll pay at the end of the year. + +**So the grand total monthly expenses based on averages I found on Google based off of NerdWallet... $5,253. (Google it if you want. The article is from April 29th, 2021). Some consider savings and retirement to not be expenses but I'm not writing this to grasp at straws over trivial debates. This argument is, "There's money that cannot be spent.. it's an expense to yourself".** + +I'll take that number from above and round it to $5,000. That's way above mine given have the Texas Blue Title to my truck *(Chevy Runs Deep)*, rent my home, don't have health insurance.. [Got some controversial replies on that one](https://www.reddit.com/r/Daytrading/comments/ou2iws/full_time_traders_what_do_you_do_for_insurance/h70o062?utm_source=share&utm_medium=web2x&context=3) but hey, that's my risk. God Blessed me and I don't take it for granted. + +So I'll tell you my monthly expenses although I feel its a little intrusive but I'm sure nobody I personally know reads my posts anyways. Just under $4,000/mo are my expenses for my necessities. Mind you... Single, Texas, Male, Minimalist, I loathe spending money, and I can have fun seeing if I can do more pushups than I did yesterday and throwing the baseball with my neighbor at the fields. + +Let's compare on a monthly basis. (When I say life of a trader isn't luxurious rather it is, "Comfortable", I mean it whole-heartedly.) + +**AVG Monthly Expenses (USA)** + +[https://imgur.com/a/sPnQMcX](https://imgur.com/a/sPnQMcX) + +**AVG Monthly Expenses (Me)** + +[https://imgur.com/a/1FeQhUi](https://imgur.com/a/1FeQhUi) + +Average American Monthly Expenses. Of course this all varies from state to state. This could potentially be biased since I'm from Texas but it seemed decent to me. \*\*\*\*GRAND TOTAL:\*\*\*\* $5,085. + +Now we're starting to see the cutbacks I made to make a living from trading myself... No health insurance, I don't drive anything crazy, no matching in my retirement plan from my 9-5, I barely drive anywhere, cheap liability (don't give me a ticket) car insurance. \*\*\*\*GRAND TOTAL:\*\*\*\* $3,550 of necessities. + +Here's the psychology of all those numbers from above... + +I assume you know [what an R is](https://www.thebalance.com/risk-to-reward-ratio-1031350)... + +So let's take the $5,000 number from earlier. Your monthly expenses that is. And we're talking theoretical backtesting. \*\*\*\*\*\*\*NOT INCLUDING SLIPPAGE OR COMMISSIONS.\*\*\*\*\*\*\* + +1. **At $500 risk.** You would need to make 10R per month **(EASY)** *(0.38R/day Avg. OR 1.9R/week)* +2. **At $400 risk.** You would need to make 12.5R per month **(EASY)** *(0.59R/day Avg. OR 2.97R/week)* +3. **At $250 risk.** You would need to make 20R per month **(Doable. Not guaranteed)** *(0.95R/day Avg. OR 4.76R/week)* +4. **At $100 risk.** You would need to make 50R per month **(Not happening)** This is the risk amount I did when I resigned from my 9-5. Mind you I did personal training on the side. + +**I can make 10R in a month easily. It's happened in a day before**. [But can you also handle potentially losing $500? Or being up 1.8R then having the trade come back and stopping you out?](https://twitter.com/CJT2013/status/1366742864055664641) I can with $500 risk. Could I do that in 2019? **Absolutely not**. I'd have a blood pressure so high due to materializing my trades with what COULD happen and what bills that COULD have been paid as soon as the trade filled. Now in 2021? I do it almost everyday when my edge is shown but that's with years of statistics backing me. Have a look at my spreadsheet stats. I've had the same EV, Sharpe Ratio, Win Rate, key metrics, etc. for years. + +<spreadsheet stats>: [https://imgur.com/a/6AFzQVV](https://imgur.com/a/6AFzQVV) + +This is what helps my "Psychology" and "Headspace" going into trades. This isn't something that can just be handed to you. It's years (months for some) of filling everything out then slicing and dicing data to make it work. "It" being your style of trading. It may not be the most profitable but it's something that you can manage mentally. It's years of, "Why did I take that trade? What was I thinking? I don't want to even fill it out. I won't do it again." Fill out every trade and things will distill down into a strategy that's YOURS. + +I've built these over the years and they tell me the biggest run ups and drawdowns in a theoretical trading account. I know there will be months I make 5R after slippage and some months I make 35R... There will be days I'm up $2,750 in 5 minutes and other days I'm down $1,750 in less than 10 minutes... **There are ALSO DAYS that turn into WEEKS that I don't even touch an order ticket to put on a trade because you don't make money putting on trades. You make money in this business by putting large sums of calculated risk on high EV trades.** + +**Equity Curve Simulator I built:** + +[https://imgur.com/a/BBAyvuG](https://imgur.com/a/BBAyvuG) + +&#x200B; + +Visualize your data. It helps make things seem more real resulting in you honoring your business plan. If you're a man of your word, prove it by following your rules from your mouth. + +I've gone over how to handle losses before. It's simple, it's an expense just like Mark Douglas says. + +**Let's drop the pessimistic scarcity mindset and forget how you handle losses. How do you handle profits?** + +Are you responsible with them? There's this thing called, **"Reversion to the mean".** And we can utter the words, "Oh yeah I know there will be losses and good weeks" But do you sulk over 2 measly trades that ALMOST hit target but stopped you out? Do these 2 or 5 or 10 trades change how you trade forever? It shouldn't but I see it on here all the time people pouting over such a small sample size of trades looking for advice. You do realize there will be times you get smacked around then the market goes quiet for a few weeks leaving you making zero deals for a while from time to time. Do you really care about those 2R or 5R or is it the money that was attached to it? That's the loss side of things. The profiting side of things is different. People start to get cocky. I make more R than my theoretical testing occasionally because of missing trades (rarely). Does that mean I'm better than my backtesting? (You'll never beat your backtesting. It's impossible UNLESS you just so happen "miss" every losing trade your backtesting would have picked up). + +With your extra profits/good weeks do you increase risk and or buy things you don't need? *"I made $2,750 this week. I'll cover your golf game/buy your lunch" <--Don't be this guy. (Not speaking from experience either srs)* + +•There will be weeks you make 13R + +•There will be weeks you lose 5R + +•There will be weeks you reach your limit down R + +•There will be times after you hit your limit down that there are no deals/trades to be made for WEEKS. Plural. Not just 1 week. Sometimes 2 and rarely 3 weeks. Almost an entire month of no trades. + +•There will be times where it seems like the market is handing you free money left and right to where you start to feel bad for people on the other side of your trades. + +Trading isn't a rose garden of free money, it will feel like that from time to time. It will also feel like an absolute money pit. But Central Limit Theorem / The Law of Large Numbers does its magic: + +Actual vs Theory Performance & Growth- + +[https://imgur.com/a/Px4PGaT](https://imgur.com/a/Px4PGaT) + +People have the propensity to look at their performance through a microscope rather than taking a step back to look at the big picture. That's why it amazes me how people use such a small sample size of data (20 - 100 trades) then put large sums of risk on it. Only to pout about later INEVITABLE results. They complain over 2 trades. You will have tough weeks. Businesses do go through hard times and times of euphoria. Think of how people who rent beach houses in the winter vs summer. + +The above picture is looking at the big picture. So let's zoom in to the first 5 months: + +[https://imgur.com/a/EHILbyq](https://imgur.com/a/EHILbyq) + +&#x200B; + +How are you reacting when, "The market is beating my performance. I'd have done better if I just put my money in the market or sold CC's. I'm only up $19,000 in 5 months when I should be up more than $30,000. I broke rules. I took more risk than I should have. I'll stop while I'm ahead". How do you react in the other 23 hours in the day after trades result in losses day after day? + +This is the magic/beauty of Central Limit Theorem / The Law of Large Numbers: + +[https://imgur.com/a/HYO51fu](https://imgur.com/a/HYO51fu) + +[https://imgur.com/a/GD1j79L](https://imgur.com/a/GD1j79L) + +I always say only 2 things can happen in a trade (hence its so EASY). Profit or loss. Heads or tails. This image is of 10 trials with 2 results. Think of the 10 trials like the 10 different times you start trading you strategy live. You might start with a hot streak or a streak of donations to Wall Street. Think of the 2 results as profit or loss. IN THE END. It all averages out, don't be pathetic and pout over 2 or 10 trades resulting in a less than desirable sum + +**So how do YOU decide how much you want to risk? Is it...** + +1. How much you want to make in a month divided by an R per month goal? NO.. The market doesn't know you. You can't force R's to happen. They come to you. There are entire 5 trading day weeks that I don't touch an order ticket. It's not everyday you make a deal. +2. How much you think you can mentally handle? Not the best idea but it's a better idea. +3. A cocktail of metrics such as how much buying power you have, Risk of Ruin, EV, and Sharpe Ratio. *(Notice how I don't care for Win-Rate? Win-Rate only tells/asks you 1 thing, "Can you handle being right or wrong this percentage of the time?")* + +If I had to make a rule of thumb for somebody who wants to decide if they are ready to trade full time. It would have to be reverse engineered: + +**You need to find what your EV is and I'll show an example from a micro sample size of 10** + +You really do require a large sum of data. I mean it when I say, "1,000 trades minimum or a full year of backtesting" (Full year because the market does shift but in the end does not effect a day trader's performance... in MY experience in the long run). Those who get a random 20 or 50 or even 100 and think they're ready to go up against professionals who have electricity bills higher than your yearly income because their computers are running algos and statistics 24/7...you'll learn fast. + +[https://imgur.com/a/ivfOxTo](https://imgur.com/a/ivfOxTo): + +6 trades that resulted in +2R. 4 trades that resulted in -1R. Average of all = 0.8.. "Expected" is just how statisticians say, "Average". What this is saying is you can EXPECT 80¢ for every dollar you risk on the amount of trades you're testing. This is why when I lose a trade OR profit on a trade. I don't think, "Wow I made $958 after slippage." or "Wow I lost $582 after slippage". When I see my edge, I think to myself, "Ok there's <EV> right there. I see income on every trade if it gets filled. Losing trades don't bother me. I have contingency plans... And don't ever say, "I won that trade". Businesses that sell <something> don't say, "Oh cool we won". You don't "Win" when you're assuming a risk. Trading isn't a game that you play. + +**2) Find how many trades on average you have. Let's say weeks 1-4. You have 20 trades on the first week, 1 on the second week, 0 on the third week, and 7 on the last week. (I'm using a micro-size sample here again. You really need A LOT more)** + +[https://imgur.com/a/PWYSqsH](https://imgur.com/a/PWYSqsH) + +I can EXPECT 7 trades per week (ETW). IF I can expect 7 trades per week and each trade will result in 80¢ for every dollar I risk... Is this enough to cover my expenses AND TAXES SO THE GOVERNMENT CAN WASTE IT ON CRAP THAT DOESN'T HELP THE PEOPLE WHO PAY THEM.. and a little more so I can have a life outside of home. 7 trades per week \* $100 risk \* 0.8 per trade = Gross Income of $560 + +Maybe $560 (before taxes) is enough for you to survive. I don't know you or your personal finances, that's your business. For most.. it's not. So let's increase it to $250. For the sake of simplicity we know 250 ÷ 100 = 2.5. So $560 \* 2.5 = $1,400 EXPECTED (not guaranteed) per week.. GROSS income. You'll have to determine how much you need to set aside for taxes when you have that year of data that tells you what you can EXPECT to make that year. This seems more like it... I like this. + +**3) Does your account size and margin parameters allow for this?:** + +&#x200B; + +Let's say you have $37,500 in your account that has 4:1 leverage which allows for $150,000 in DayTrading Buying Power...and you're risking $250 a trade... Risk ÷ StopSize = Shares/Contracts to buy --> Shares to buy \* Price = Capital + +**Now let's visualize the data:** + +[https://imgur.com/a/FFEsLK3](https://imgur.com/a/FFEsLK3) + +The 2nd position wouldn't have been able to be made. If you're running into buying power issues in your backtesting, either reduce your risk or find what's causing this. Perhaps it's the type of style you're trading or a certain pattern that has an inclination to exhaust buying power due to tight StopSizes (Tight StopSizes incur lots of slippage). + +Now most would say, "Oh well I'll run into that if that ever happens. It's only 1 trade". That's 100% wrong. Your goal is to be 100% efficient and copy your backtesting to a T. Trust me, it will happen, you will miss trades due to complacency when you haven't made a trade in over a week and you're a little rusty. So again in conclusion to the buying power metric, adjust accordingly. + +4) Risk of Ruin. Is it under 1%? + +This is all discretionary. Me personally I want my RoR to be south of 0.25% but I've read many places that 1% is good. Probably just people repeating what everyone else says but that's just my opinion. How do you calculate it? There's a bunch of ways. [There](https://www.myfxbook.com/forex-calculators/risk-of-ruin-calculator) are a bunch of [different websites](https://2ndskiesforex.com/risk-of-ruin-calculator/) that do a pretty good job that tell it all for you. But if you want it for your spreadsheets so you can visualize it and see how it matures over time: + +[RoR formula.](https://imgur.com/a/95P9gy7) + +So there it is! In conclusion. You take how much you need. Find your EV, see how many trades on average you get per day, week, month, quarter, etc., then see what's stopping you then assume that calculated risk by seeing what the odds of you failing are. That's the meat of it at least. There are a bunch others such as: + +•**Can you take that many trades and not miss any?** (It isn't smart to be firing off 30 trades a day. I know there are those who do it but like I've written before.. decision fatigue gets real. There's also a bunch of different ways to trade so I digress. Billions of dollars are exchanged between hands on NVDA on a daily basis. I might see 1 small edge on a 1' chart on 1 day out of the last 21 trading day month. Everyone sees fit trades all over the charts) + +•**Do you have an SOP for how you'll identify and enter your trades based on statistics?** For example I only allow for 10% of my R to be slipped on the entry because on average I get slipped on my stop outs 0.07R. So a losing trade could lose me 1.17R meanwhile the profiting trades achieve 1.9-1.99R depending on how bad I was filled according to my order tickets parameters. + +Take what info you got from your research and just pull the trigger. The market is liquid. A $50,000 position shouldn't faze you if you sized your position accordingly and set your StopLoss. Trading is a business. Take the leap if you're considering it. Just remember all the things you forfeit being independent from the normal job life. The market isn't going anywhere so you do have time and the time will never feel right. + +2) Psychology - ( 2 paragraphs is really all it is) + +Although I can summarize that subject in 4-5 sentences: "Read a few trading books. Put the ideas on a spreadsheet and see the results. Now trust it, write a business plan, follow it, and trade it live if you like the backtest results." How much psychology does one need when: + +1. Price is Up or Down +2. P/L is Green or Red +3. Result is Profit or Loss +4. A ticker is Showing Edge or No Edge +5. It's Heads or Tails. + +**But here's the answer to your psychology of trading questions... You are crippling yourself when you trade money you CANNOT AFFORD to lose.** You're uncomfortable risking money you can't afford to lose and now want some tumblr quote to help you sleep better at night. We all become Steve Cohen/Paul Tudor Jones when it says, "Simulated Paper Trading" or when the screen has an orange trim around the perimeter. Trade live when you're risking money you couldn't care less about... Because that's how it should be.... *But make sure you can respect it at the same time <- That's an important one (srs). Anybody can hit dingers in a batting cage, shoot 3's at an LA Fitness, or hit their 5iron 200+ yards at a driving range.. but when it becomes real, people fold.* Done with that subject but I'm sure in 48 hours there will be a psychology post. If you want to improve this subreddit, just reply to those questions, "Trade with money you can afford to lose and not lose sleep over". + +**All done. So I'll leave it with this:** + +Think of my timeline from my first day as a full time trader. September 2019. + +•That drawdown I had just 1 month in. No more cushion 9-5 income, no benefits, and the drawdowns happen. Just have a safety net and a StopLoss to start looking for a job if your account/savings go below a predetermined number. + +•When you've got politicians proposing a 0.2% Financial Transaction Tax on all stock trades. Doesn't sound like much to the average Joe but it would have destroyed any trading business. [Take this trade](https://twitter.com/CJT2013/status/1339254005223071746) for example if that FTT was put into effect: + +**DISH** \- $33.30/share by 800 shares = $26,500 trade IN and \~$26,500 OUT | $53,000 moved. + +**TDOC** \- $186.00/share by 158 shares = $30,000 trade IN and \~$30,000 OUT | $60,000 moved. + +**SQ** \- $223.25/share by 220 shares = $49,000 trade IN and \~$49,000 OUT | $98,000 moved. + +That was a net slippage day meaning I hit break even losing 2R on 2 trades and gained 2R on 1 trade.. 0R but slippage caused me to lose roughly $100.. Now add that FTT... $211,000 \* 0.002 = $422 with a 0.2% FTT. Politicians would have ended this business for me and I love what trading life has afforded me.. time. + +•When March 2020 happened and the world shut down (Which put me in a position to start this thread). I couldn't train in a gym anymore for extra cash. There goes a source of income for me. I learned fast needless to say. You never know what's going to happen tomorrow. Me personally I leave it to God because it's in His hands. That's what helps take off the edge for me so whatever works for you, let it do its thing. There's lots of uncertainty in this business (as with any business) so either take the leap or not, just do it right. Following a written plan and honoring it day after day feels like a marathon but you learn to trust it. + +Until March 2022! *(I've got some more time in this business for me.)* + +\-CJT2013 +https://blogs.wsj.com/moneybeat/2017/04/21/grab-your-pitchfork-america-your-401k-may-need-defending-from-congress/ + +I hope this does not become political and focuses on the policy. Tax reform is on the agenda and these changes are being seriously discussed. The essence is a deemphasis on traditional contributions in order to generate short term (10 year budget window) government revenue. + +> In the next round of tax reform, “it’s not really a question of whether retirement plans will get a haircut, but of how much,” says Bradford Campbell, a partner in the law firm of Drinker Biddle & Reath in Washington, D.C., who served as assistant Secretary of Labor under Pres. George W. Bush. + +> That’s because the money you contribute to 401(k)s and several other types of retirement plans isn’t subject to current income tax. Nor are your future earnings on those accounts — until you take them out to live on in retirement, when your withdrawals will be taxed as ordinary income. + +> If your retirement dollars were treated, instead, like contributions to a Roth Individual Retirement Account or Roth 401(k), they would be taxed before you put them in. You could ultimately withdraw the money tax-free in retirement, but the incentive of getting an upfront tax break would be gone. + +> Taxing retirement-plan contributions Roth-style would generate roughly $1.5 trillion over the next decade the way the government reckons the numbers, estimates Mr. Campbell. So giant a pot of honey may be hard for Congress not to raid. + + +A lot of people (including my parents and me) suffered after 2008. We often hear ppl losing everything and getting set far back in lives. What we DON'T often hear, are people who loaded up in 2008. Regular average people. Those with small savings. Be it stocks or the housing market (which experienced a trailing small crash 2 years after). Those folks got literally everything on a massive discount. + +Think about it from that angle. If I have SOME money saved up now and it were 2008 again, I would be fkin ecstatic. Because after 4-5 years I would gain 1000% easily. And that's not even going into real estate. + +Also, recent example of last March will confirm my point. I made huge gains from it. I only bought Costco, Etsy and HomeDepot. No technical analysis. No charts. No graphs. Nothing. They were on sale and I assume people will be using them during the pandemic. Average intelligent move. There was no depth to it. + +And even if you don't maximize your portfolio, literally buying any stocks on the dip will make you money in the long run. You can be dense and still make money. + +So chill tf out. The dip IS AN OPPORTUNITY. It's a fking GIFT. + +We're all familiar with "buy the dip". Well, here's the same principles with a minor tweak "buy the (big) dip". + +There are 3 things for certain: death, tax and the stock market going up in the long run + + +EDIT: Based on some of the replies I have to clarify. I am by no mean saying "THIS IS THE CRASH!" or "DON'T INVEST. ONLY DO SO WHEN THERE'S A CRASH!". I'm merely saying how you should REACT TO/FEEL ABOUT these events. View them as opportunities rather than disasters. +Hi everyone, + +I’m currently 23, and living in my cousin’s townhome rent free. He let me live there for the past 6 months bc his gf is a travel nurse and he tags along with her, and Ive been loving it. This is my first time living this long away from my parents, bc in college I went to a commuter school. + +However in December he will be moving back, and he asked that I could live with him but move into the guest room and start paying rent. I’ve been considering it, bc back when I live at home my mental health declined a lot, and also I don’t have as much independence or freedom. + +My question is, do you guys think it’s worth it/financially makes sense? He said it’d be under $1000 including utilities, but the guest room is much smaller than the master that I’m currently living in. My room at home is much bigger and home is only 15 mins away. Also, I make about $66k a year as my first job out of college. What would you guys do? Is it worth? + +I just hate living with my parents, I love them and they do give me freedom but they still restrict me even as a 23 year old with a full time job. Also, bringing friends over and drinking/smoking isn’t possible at my parents house, or the guy I’m currently seeing. I just need some outside opinions? Does it financially make some sense especially in these bad economic times? Or is it financially irresponsible? I’ve considered finding a cheaper place but I’d prefer to live with people I know +Hi all + +I've recently been given the opportunity to move to Belgium for a full time job. My knowledge of the living costs there is very limited, so I was hoping for some insight. I am married with 2 kids, and my wife would be some time without earning, we are confident though that she could get a job relatively fast. Is the monthly gross salary of 3000€ enough to keep a good living standard? + + +I should say that in reality I was offered less than 3000€, but the initial offer just doesn't seem enough and I would try to renegotiate. My problem here is that I want to present them with an exact number, but that I am not sure about how much I should be asking for. + + +Any help or advice would be much appreciated. +I read an article earlier about Michael Burrys investing approach. He mentioned that he’s a true value investor inspired by Graham and Warren. + +He also mentioned that he tends to ignore P/E ratios and thinks that return on equity is both ‘deceptive & dangerous’. + +He prefers looking at EV/EBITDA. Any idea why he would prefer this over P/E? +Hi guys, + +I have a screener that picks up stocks according to valuation etc. + +I have been picking up ally financials now for quite some time, anybody has anything about the company? + +And also just for sheer interest if anybody has done research on micron. +Hello friends, + +I am building out a new tool that helps with the visualization of financial statements from the past decade. ([https://stockanalyzerapp.herokuapp.com/](https://stockanalyzerapp.herokuapp.com/)) + +A visual helps to easily grasp the situation of a company's financials in a single snapshot and this tool should help you with just that. + +Also, you can zoom in/out, download the pictures, enable/disable different items in the plot and much more. + +I would love to have you use the tool and give feedback on the same. Any feature requests are also welcome! +According to the media + websites like [https://layoffs.fyi/](https://layoffs.fyi/) the tech industry is laying off people at a massive rate compared to 2021, some of the charts even compete with 2020 Covid layoffs (which makes a lot of sense back then). + +Many times, those are usually high-paying individuals as it's the tech industry - and many of them do not have a real good backup plan [https://www.cnbc.com/2022/06/16/more-high-earners-are-living-paycheck-to-paycheck.html](https://www.cnbc.com/2022/06/16/more-high-earners-are-living-paycheck-to-paycheck.html) . + +Also, many tech companies froze hiring in some way or another, both officially and unofficially - according to the media and my personal knowledge while talking to people - making finding another job probably much more difficult compared to what it was in 2021. + +Yet unemployment data show otherwise, like "everything is great".Does it seem like how we measure things might be wrong in some way? + +If I was laid off and had to cut my salary it's probably not counted at all I guess.Also, probably high earners are being counted the same as everyone else, while them losing their paycheck and not spending anymore have much great effect on the economy? + +What other biases/statistical concepts can affect what we are seeing? +That is to say, do prices come back down to match pre-inflation levels? Or do the wages finally catch up to the increasing prices without the prices subsequently rising? I hope I'm clear enough. +Hello, for as long as I can remember I've been messaging Poloniex's support team asking them to close my account and let me withdraw my funds with no hope, they just don't reply to me at all, even though in their new terms it says if someone disagrees with the new terms they'd close their acc and send all their funds to their wallet, but they just ignore all of my support tickets. + +The money I have in my account is all I have and them refusing to let me withdraw it and having it stuck there is just completely stupid.. + +I come to this subreddit to see if any of you can help me, and potentially raise awareness against Poloniex. + +Thank you. + + +Proof: +http://i.imgur.com/qm0Milh.png +http://i.imgur.com/reJHvK0.gifv +http://i.imgur.com/ulzxi1s.png + +Ticket Number: #353242 + +Polo really doesn't care: Being Processed since 5 days 0 hours (and that's my newest ticket) +I'm totally new to cryptocurrency and decided to give it a go. + +I've seen fluctuations in the market, but this morning I noticed that almost every crypto coin 'went in red'. + + I'm not really worried, but I do wonder if this is a common occurence and what the reason behind this is. It can't be a coincidence that everything goes down at the same time? I would just like to understand.. +Hey guys, + +Just want to run my plan by a few more people to make sure it's a sound plan. I currently have $53k sitting in a rollover IRA (traditional) in vanguard. The plan is to dump the entire thing into VOO and not look at it until I retire. + +I also just started a ROTH IRA where I will probably go a little more aggressive with VOOG for the next 25 ish years before switching so something a little more conservative: might sell and switch to a dividend portfolio, who knows (will be maxing out to $6k every year and just dumping it in here). + +I've realized that spending a few hours a week to research a company isn't for me. I want a hands-off approach until i'm ready to retire, then will look into managing my own dividend portfolio (will probably just be 5-10 companies). I'm at a point in my life where time is better spent elsewhere. + +Current Age: 32 +Hi guys, + +After a bit of research and browsing this forum, I've been looking at investing into this split - + +VTI - 35% +ARKK - 20% +VXUS - 20% +ICLN - 15% +QQQJ - 10% + + +I chose this as it covers the basics with VTI and VXUS, spreading over both US and international market. Then ARKK, well because....and then a different sector which is ICLN into green energy. And QQQJ for good measure. + +I'll be investing initially £16,000, and then monthly deposits. + +My end goal would be generating enough cash so that I could retire early. +I’m so in love with the investment philosophy of Ark, and the companies they choose, but I’m hesitant to go all into one firm. + +So do you know of any other actively managed ETFs that seek to track disruptive innovation? + +I’m also interested in passive indices, if the benchmark they track is unique and focused on innovative technologies. + +Thanks for any suggestions. I’ll look them all up. +[https://www.investing.com/news/economy/comic-what-crisis-wall-street-jumps-back-towards-alltime-highs-despite-worries-2184859](https://www.investing.com/news/economy/comic-what-crisis-wall-street-jumps-back-towards-alltime-highs-despite-worries-2184859) + +Has the ship sailed for us bears? + + \_\_\_\_\_ + +U.S. stock markets have been in rally-mode this week, as Wall Street grows more optimistic about the economy reopening, despite uncertainty over the coronavirus pandemic and growing tensions between the U.S. and China. + +The [Dow Jones Industrial Average](https://www.investing.com/indices/us-30) closed above 25,000 for the first time since March on Wednesday, while the [S&P 500](https://www.investing.com/indices/us-spx-500) topped the 3,000-mark, putting it back above its 200-day moving average – a key level watched by traders. + +The easing of lockdowns, optimism about an eventual COVID-19 vaccine and massive U.S. stimulus have powered a recent stock market rally. + +The Dow, S&P (NYSE:[SPY](https://www.investing.com/etfs/spdr-s-p-500)) and [Nasdaq](https://www.investing.com/indices/nasdaq-composite) are up 40.2%, 38.5% and 41.9% respectively above their March 23 lows. + + The impressive recovery rally has propelled Wall Street’s main averages back towards their respective all-time highs reached earlier this year, with the tech-heavy Nasdaq index just 4.3% away from its record peak. + +The bulls have had the upper hand in recent weeks, however that could change should the war of words between Washington and Beijing escalate further. + +That could be the catalysts to take the market lower, bringing the correction most are expecting to come. + +\_\_\_\_\_ +I’m 30 and I’ve got a little bit more then 4k in my 401. I’ve also got a Roth with about 4300 in it. At my current job I’m contributing 3% (down from 12%) and my employer matches. So it’s actually 6%. But I’m only working part time hours so paycheck have never been over $700 or $800. Is this too low of an amount for my age? +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +&#x200B; + +[u\/bye\_triangle u\/pinkcatsonacid u\/leaglese u\/catto\_del\_fatto u\/bradduck\_flyntmoore](https://preview.redd.it/mtvbjuy58w371.png?width=1426&format=png&auto=webp&s=6404a58bd9224e9bd618154d769cb1b81cf284bc) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $280.01 + +&#x200B; + +Open Price: $258.00 + +Daily High: $282.00 + +Daily Low: $255.20 + +Volume: 5.84 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[possible, it is](https://preview.redd.it/1wjxlzkmfw371.jpg?width=810&format=pjpg&auto=webp&s=3eb1a1c63416e8d119956b53a4ba70123ad746f6) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! SOME OF YOU STILL HAVE TIME!! + +by u/bye_triangle + +&#x200B; + +https://preview.redd.it/phecm0rkcw371.png?width=960&format=png&auto=webp&s=5cd0d108212428d987af3402260d07654bd57dc3 + +Alright Apes, + +&#x200B; + +The end is nigh, if you were given the opportunity to vote, and haven't yet... There is no excuse! If you want to see this Naked Short Selling scam brought to its knees then you **have** to make sure you submit your vote by the deadline. + +***This cannot be put off any longer.*** The Shareholders meeting is **IN TWO DAYS!!!** Though this may be getting repetitive, it needs to be heard. + +VOTE YOUR SHARES + +If you've already voted, then spread the word to others-- everyone needs to be reminded of the importance of this. + +&#x200B; + +**Do it for the companies that have been uncerimoniously killed by this practice** + +&#x200B; + +**Do it for the people who lost their jobs because of these short sellers** + +&#x200B; + +**Do it for the Apes who are being disinfranchized by their brokers** + +&#x200B; + +**Do it for GameStop, who need the physical proof of the Naked Shorts** + +&#x200B; + +&#x200B; + +**Do it for whatever reason inspires you most...** + +&#x200B; + +&#x200B; + +https://preview.redd.it/29aa3pqucw371.png?width=511&format=png&auto=webp&s=06b458225691db53d0f6a06e9c4b3dc343d54107 + +**Also comment !apevote! to get your special voted flair!** + +&#x200B; + +# VOTED FLAIRS WILL BE LOCKED FOREVER AFTER 6-9!! GET YOUR BADGE OF HONOR NOW AND VOTE! + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Annual Shareholder Meeting 6-9 ( ͡° ͜ʖ ͡°) + +*by* u/pinkcatsonacid + +&#x200B; + +Alright apes! The time has come for Gamestop's Annual Shareholder Meeting! Remember in January when this seemed like a lifetime away? Now look at us. Look at us. + +&#x200B; + +[June me @ January me- LOOK AT US](https://preview.redd.it/bu4ej2wc9w371.jpg?width=1080&format=pjpg&auto=webp&s=3e54ca20d7bc0c63f8a73d2ca5895037442bbaa6) + +&#x200B; + +I want us all to have realistic expectations for the meeting... and I want to make it **perfectly** clear that this meeting is **not** the place to gather and have Woodstonk, (I promise that's a coming major event after MOASS!) but it *is* kinda the center of our Superstonk universe for the time being, and the mods wanted to make sure to have coverage of the day's events, including the shareholder meeting from 11:00-11:15 am Eastern, and the QE Report later at 5:00 pm Eastern. + +&#x200B; + +So, there will be live coverage on location at Gamestop Corporate Headquarters, as well as the premiere of our new community roundtable style livestream, **Monkey Business!** + +&#x200B; + +At 4:30 pm Eastern, **Monkey Business** will be live on Superstonk Live YouTube! Hosted by u/jsmar18 and u/sharkbaitlol and joined by apes from the Superstonk community, they are going to be discussing the meeting, the financial report, and whatever else happens that day! + +&#x200B; + +&#x200B; + +https://preview.redd.it/e6oohtor8w371.jpg?width=1024&format=pjpg&auto=webp&s=2f2bd3de9d96a8a5599b5cd8bc02423c692f16e6 + +**And on that note... I want to make sure apes are very clear on some things. If you are an ape going to the meeting:** + +&#x200B; + +* Be overly respectful of the space and people around you. Pretend you are at a job interview. +* Don't leave any trash (Leave nothing but footprints.. take nothing but pictures!) +* Don't be a disturbance to the peace i.e. no loud music, yelling, fighting, or anything else that would make corporate want to call the local police. +* If you gather in any capacity, even to sing songs, gather peacefully. +* Distance yourselves from any bad actors or those seemingly trying to make a scene. Publicly denouncing the shill bad actors will help pluck them out of a crowd very quickly. +* Remember the world, the media, even Ryan Cohen and DFV themselves, will be watching and judging apes behavior that day. Be a good example! +* **Most importantly, HAVE FUN!!! 🤙✌💖🚀** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Mod Hiatus Update + +*by* u/pinkcatsonacid + +&#x200B; + +Modding Superstonk is a 25/8 job (best job everrrr!). And as we grow, the need for all hands on deck grows larger by the day. And as more mods take hiatus, the need for a plan in place becomes more apparent to keep the ball rolling smoothly. The mod team has discussed how to address the issue of how to approach a hiatus, and believe we have come up with a solution. + +&#x200B; + +Communication rules and parameters have been put in place with majority votes from the entire mod team supporting the new rules. Basically, if we haven't heard from a mod for a number of weeks, then permissions will increasingly be removed, ultimately leading to a team vote on the moderator's position being frozen indefinitely. These rules were also voted to be applied retroactively, and have resulted in Administrative action. + +&#x200B; + +**Therefore, please be advised of the following:** + +&#x200B; + +u/StonkU2 and u/heyitspixel have been placed in what we have deemed "hiatus mode" for individual reasons, though the result is the same. They no longer have access to any moderator capabilities and now hold the same permissions as a regular user. **As such, please be aware that they are no longer representatives of the Superstonk mod team** ***at this time*** **and any communication from them is coming as an individual.** We have not been able to make or keep contact per the guidelines set forth, therefore their moderator permissions have been removed, and further action will be brought to a vote within in the mod team in the coming days (their moderator position has not been revoked in any way, only their permissions). Transparency will of course be maintained as changes are made in the best interest of Superstonk. 💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Deep Fucking Birthday Wishes 🥳🎊🎉 + +*by* u/bradduck_flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! As many of you know, tomorrow is the birthday of the now-famous retail investor, DFV. + +&#x200B; + +&#x200B; + +https://preview.redd.it/m1fd78yxfw371.png?width=634&format=png&auto=webp&s=9acc86504392797d7f68960101d79f69245d234c + +&#x200B; + +Like so many of you, this Ape-Bassador first heard about GME through him, and it has been a WILD ride ever since. There have been a lot of rumblings about the need for a "birthday card" post of sorts, so all the Deep Fucking Birthday Wishes can be expressed in a single place. Mods agree! This will help keep the sub from sliding otherwise worthwhile content AND make it easier for DFV (we know you lurk here) to see all the nice things we have to say in one spot. + +&#x200B; + +That means two things, apes: 1) Today and tomorrow's special edition of The Jungle Beat will serve as the Official Superstonk Birthday Card to DFV, please put all your wishes to him in the comments; and 2) we gonna delete all the rest. Please report any DFV birthday posts outside of the official birthday card so mods can remove it. As much as I respect and appreciate him for introducing me to GameStop, this sub is about GME, not DFV. Thanks in advance to all apes for your understanding and cooperation. + +&#x200B; + +Make sure to check back at tomorrow's Jungle Beat for info on Mod plans for the Annual Shareholder Meeting. Until then, and as always, Buy, Hodl, Vote if you can, and always be excellent to each other. + +&#x200B; + +**Power to the Player! 🚀🌙** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Superstonkbot (the Whistle Blower Bot) + +*by* u/Leaglese + +&#x200B; + +Howdy apes, your resident leaglese ape here to discuss an older feature within our new jungle beat feature! + +&#x200B; + +Although I haven't been posting much, I've been badgering away in the background assisting with general modding, transcriptions and, what I want to talk to you about today, a tool for apes the team thinks could use some love. + +&#x200B; + +Of course I'm referring to our very own anonymous DD StonkBot; the ultimate tool designed to attract DD from those who maybe can't post due to sub requirements or whatever reason anonymity provides an outlet for. It could even be you, dear reader. + +&#x200B; + +It seems after a recent post about the bot, we saw a surge in activity, and we generally saw an increase in the quality of submissions made. Please note, this tool will soon expect the same post requirements we expect from the awesome DD posts apes have come to expect from our community, such as expecting minimum character counts and no image only submissions. This is to try and assist us in clearing the wheat from the chaff. + +&#x200B; + +So I'm here to call on you all to spread the word and visibility of this tool, or engage! As our collective stonky vision and reach grows, so too does the potential for this bot to provide an anonymous means of DD drop from those late to the party, or for those unable to actively engage via an account. I mean, you can never have enough DD right? + +&#x200B; + +https://preview.redd.it/2rouwxwfcw371.jpg?width=538&format=pjpg&auto=webp&s=9c7f65afa1e434b74a3718867d7a695d2c25a864 + +&#x200B; + +With the Jungle Beat's / our anchorman's blessing, depending on the quality of what we receive, we'll be trying to implement a special feature of the best anonymous DD within Jungle Beat or the news when we can going forwards; so all of you lurking who think you can't be involved or have your praises sung, think again! + +&#x200B; + +Even if it is anonymous. You'll know. + +&#x200B; + +I'm therefore calling all apes to spread the word and / or engage with this tool if you have solid information to share! + +&#x200B; + +Who knows if this thing really kicks off, perhaps we can look to implement some more exciting features…. + +&#x200B; + +Leag + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Ghost in the Shill + +&#x200B; + +*written by SATORI co-creator* [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) + +[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/) + +The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes. + +[SATORI dev, 2021 colourised](https://preview.redd.it/8rqw59r8mc371.jpg?width=400&format=pjpg&auto=webp&s=9f08a77aa72df51118e7201aa262d492f4908eee) + +The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) \- desperation is in the air, and it tells me everything I need to know. + +As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time. + +&#x200B; + +**Solicitations, trolling & phishing in DMs** + +&#x200B; + +This tactic is as old as FUD itself, but it hasn’t been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, **please report these to Reddit and our mod team.** + +A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter. + +&#x200B; + +**Bad karma** + +&#x200B; + +Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/) + +Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks. + +We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively. + +As with $GME as a stock, every vote matters. + +&#x200B; + +**Leveraging Apes and the weekend ennui** + +&#x200B; + +On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys. + +So, where was SATORI? + +&#x200B; + +https://preview.redd.it/0mghzm8phw371.png?width=2084&format=png&auto=webp&s=eaa258b2e0b961c6cf642995c6c762154c9677bd + +&#x200B; + +As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape. + +We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later. + +Their attempts to drag down karma on Apes' accounts reveals that they're just as interested in preventing top-tier submissions from gaining traction as they are in directly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them. + +I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to. + +It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to **check before posting.** + +The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) \- will appreciate it dearly. + +&#x200B; + +**Tag teams** + +&#x200B; + +Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides. + +[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**Hacked accounts & a final note on account security** + +&#x200B; + +We have received a surge in reports of Superstonk users’ accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - don’t get complacent. + +Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ) + +[No hax for you, Kenny](https://preview.redd.it/h5x51vmaig371.jpg?width=400&format=pjpg&auto=webp&s=eb452a9bc53ad97bc8e2b68e3003e0c85a77ef3d) + +TA;DR + +While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much. + +Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves. + +This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately. + +A sub is only as strong as its weakest link - B.H.V.F., and be strong. + +Catto + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Check out Lucy Komisar's New Article about her recent AMA on the SEC! + +&#x200B; + +# [Link to the Article](https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/) + +&#x200B; + +It was honor to host you Lucy! 💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# "Congratulations (Wes), you got a lot of people looking up to you, hoping you can continue that 20 years worth of work, I think we're right at the finish line"- Charles Payne, FOX News + +Pink here. From the whole mod team, Wes Christian, we are so proud of you and we support you in this fight against Naked Short Selling! [Link to interview](https://www.youtube.com/watch?v=VRVBbNYfAOM) + +&#x200B; + +[Wes Christian on FOX discussing NSS- photo cred u\/BENshakalaka !](https://preview.redd.it/ermcx4xadw371.png?width=1157&format=png&auto=webp&s=c5ad96ee879a58bf52f151d4173c6f81de9d5820) + +&#x200B; + +[photo cred u\/Benshakalaka](https://preview.redd.it/h231aepffw371.png?width=1149&format=png&auto=webp&s=48c56b232462b66f059e1dec80750a1aed71790a) + +&#x200B; + +# 👀👀👀👀👀👀👀👀👀👀👀 + +https://preview.redd.it/5v097oondw371.jpg?width=952&format=pjpg&auto=webp&s=cdf99e49c835097e1c546e22e6164ccbc3e892fd + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - **IF REDDIT GOES DOWN AT A PIVOTAL MOMENT** go to: + +&#x200B; + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +&#x200B; + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +&#x200B; + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +&#x200B; + +https://preview.redd.it/npbtz16afw371.png?width=1600&format=png&auto=webp&s=319d6af93534966a2cf34e9f0b67e4f37c535ce0 +My school offers principles of real estate, real estate finance, real estate valuation and investment , real estate development, and real estate financial decisions and i was wondering if these classes would help. + +Edit: thank yall for all of your advice!! + +Also i should mention that i have college paid for at LSU and studying accounting and getting my masters in finance and looking for great electives to help my investing career +I remember hearing from somewhere that the reason why health care in the United States is so expensive is primarily because of "overinsurance." Once everyone is insured from medical prices, people don't worry about prices as much when making decisions (a moral hazard if you will) and thus hospitals are protected more from market forces pushing prices down, and consequently hospitals are freer to ramp up prices because they know they can get more profits since insurance companies can afford the heavier bills. + +This translates to higher premiums for consumers and higher premiums translates to higher medical prices, because hospitals decide that insurance companies can afford higher prices now that they have more money from the higher premiums they charged, and so on and so forth, endless cycle. + +Is this correct, or is this theory wrong? +Real estate in virtual worlds — sometimes called the metaverse — is going for millions of dollars in some cases. + +The most expensive spots are near where lots of users congregate — for instance, someone recently paid $450,000 to be Snoop Dogg’s neighbor in a virtual world called the Sandbox. + +https://www.cnbc.com/2022/01/12/investors-are-paying-millions-for-virtual-land-in-the-metaverse.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +What do you make of this? Legit or new level of crazy? +I keep reading articles about how Target's warehouses are severely overstocked. Is there a reason for it? + +I thought there were a shortage of things because of supply chain issues (which I've heard for 2 years now), but now there seems to be a massive surplus? + +What am I missing here? +&#x200B; + +[Banner submission by u\/Lillywonkas ](https://preview.redd.it/fs0wmmhu14z61.png?width=960&format=png&auto=webp&s=0a93deaa9c1c55807fc6e648ee937bdb39312655) + +# Good Morning Superstonk!!! + +&#x200B; + + **Happy Saturday!! 🚀🚀🚀🚀🚀** + +&#x200B; + + There was too much going on, we can only sticky 2 posts at a time to the top of the sub, and Lucy Komisar is amazing, so here's another Saturday Morning Post! + +# Drink plenty of water and spend some time outside today if you can!! + +# 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +https://preview.redd.it/wut0xawrd7z61.jpg?width=741&format=pjpg&auto=webp&s=400034afd0accf860e63bf4cf5bf5da871c75b74 + +# 🚨Important Update From Carl Hagberg Himself! 🚨 + + Your lovely mod u/StonkU2 reached back out to Carl to ask how we can address the situation for Euroapes and everyone unable to vote their shares and, in spite of being on vacation, he responded with this advice 👇 + + [**THIS IS A MUST READ POST ESPECIALLY IF YOU'VE TRIED TO VOTE AND YOU CAN'T!! EXTREMELY IMPORTANT!!**](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&utm_medium=web2x&context=3) + +✅VOTE YOUR SHARES AND GET YOUR FLAIRS!✅ + +**Drop a comment below with !apevote! to get your special vote flair** + +**EUROAPES GOT A FLAIR!! YOU TRIED!! TYPE !novote! TO GET YOUR SPECIAL FLAIR!!** + +*FYI this works anywhere in this sub, not just this one!* + +&#x200B; + +[**The Carl Hagberg Transcript is up and available!**](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/) HUGE SHOUTOUT to u/Bye_triangle and u/Leaglese for all the time and work on these transcripts. Your dedication to making sure every ape has access to this information is selfless and totally badass. Apes respect and appreciate you for that!! + +&#x200B; + +[**WE OWN THE FLOAT. WE CAN PROVE IT IF WE VOTE!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Another Epic AMA yesterday with Lucy Komisar hosted by u/Luridess! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +[**Watch the AMA here!**](https://youtu.be/wKXWvEpnN34) + +# "I am very glad to be in touch with the people on Superstonk. I think that you all are doing a really good job in the absence of real mainstream journalism on this issue."- Lucy Komisar + +^(dryheavingohmygodshestalkingaboutus) + +&#x200B; + +[Investigative Journalist Lucy Komisar](https://preview.redd.it/4v8dz4xz84z61.jpg?width=1542&format=pjpg&auto=webp&s=99cca3fbb4eb51524d5792bcbcba86f13a63fcd9) + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, and Gamestop. She had this to say and I think it cannot be understated how BIG OF A DEAL it is that someone of Lucy's caliber, who has been watching this unfold for longer than a lot of us have been alive, has this to say about naked short selling and the GME saga; + +# "In the end, as we go down through the years, the decades, it ends with Gamestop." + +*How's that for a hit of confirmation bias on your Saturday morning?* + +🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂 + +# KEEP THE AMA HYPE TRAIN ROLLING!! + +🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂🚂 + +# [Tuesday at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! + +# 📢[AMA QUESTION THREAD IS NOW LIVE! SUBMIT QUESTIONS NOW!](https://www.reddit.com/r/Superstonk/comments/nczgbc/official_ama_wes_christian_with_special_guest/?utm_source=share&utm_medium=web2x&context=3) 📢 + +# His primary focus in the last 11 years has been suing Wall Street for fraud. + +&#x200B; + +Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, u/dlauer has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having u/Dlauer cohost this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀 + +[^(did I mention Dave Lauer is one of us)](https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/?utm_source=share&utm_medium=web2x&context=3)^(?) + +**The Wes Christian/Dlauer mashup AMA is next Tuesday, May 18 at 4:30 pm Eastern!!** + +&#x200B; + +[Wes Christian](https://preview.redd.it/pt6w1u9a24z61.png?width=170&format=png&auto=webp&s=611ee64151ee1f696b1a91df61404839aab57b83) + +**Here's what Dr. T has to say about how she first met Wes in her book, Naked Short and Greedy:** + +**Chapter 3**: A Sidewalk Café in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis! + +&#x200B; + +**The Napkin Story** + +*"One afternoon \[in late 2003\], my boss tells me he has just come from lunch with an old friend, Gary Jewell, a Houston-based lawyer. Gary said that he was in New York looking for someone who understands post-trade clearing and settlement, possibly someone who may have worked at the DTC. My boss recognizes the company name as part of my past work experience. He asks me to meet Gary over coffee. The two of them had run marathons in their younger days and my boss presents it to me as doing him a favor. Gary brought Wes Christian to that casual meeting.* + +*James "Wes" Christian, is a Senior Partner at Christian, Smith, & Jewell in Houston. If not for Wes, I may not ever have become aware that the crack in the system Ray Riley brought to me in 1993 was becoming a gaping chasm in 2003. Wes was born, raised, and educated in Texas. He comes complete with a pleasant drawl that belies his non-nonsense approach to the matter. Wes would lead a team of 65 lawyers as he eventually uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers to strip mall and medium size public companies of their value."*\- Dr. Susanne Trimbath, Naked Short and Greedy. + +&#x200B; + +We are so honored, humbled, and thrilled to bring you these top-tier AMA guests! If only we could go back and tell our February selves how far we've come 💖 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# This just in: Jeopardy asks better questions than Congress + +&#x200B; + +[What is short selling?](https://preview.redd.it/hsy88ob067z61.png?width=640&format=png&auto=webp&s=2695b2062c0bdd7f1449d37d6dacb0fb2b9eb660) + +&#x200B; + +Dr T on Twitter: They just had a clue about GameStop on Jeopardy. The correct question was "What is short selling?" They asked better questions than Congress! Brava, Lucy Komisar!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦International Giveaway Contest is closed but OPEN FOR VOTING THROUGH THE WEEKEND📢📦 + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +https://preview.redd.it/rgn8dez534z61.png?width=1300&format=png&auto=webp&s=c5a58a589f33692b0589e7ff96681f0f5e0dedaf + +&#x200B; + +Entries from around the world have been submitted for the chance to win a limited edition Gamestop Bananya Squeeze Plushy, complete with red bandana!! + +&#x200B; + +# Now I need you apes to go sort by New and (up)VOTE!! + +&#x200B; + +Winners will be announced Monday morning on the Superstonk Daily!! + +&#x200B; + +# [LINK TO THE MEME CONTEST HERE!! SORT BY NEW AND VOTE FOR YOUR FAVORITES!!](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# + +Memes will remain posted for voting and exposure through the weekend. Remember to sort by New if you're voting!! + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀* + +# ________________________________________________________________ + +# A note from your friendly local Pink Cat 🐈 + +I want to say how proud I am of this community! The momentum has picked up, our bias has officially been confirmed, we know this is a matter of *wen* we moon, not if... all thanks to the overwhelming growth we've seen in the last couple of weeks and our amazing mod team. This is real, and you should feel confident in that as you peruse the sub, or as you interact with the people in your everyday life. *The only way the shorts get out of this like they always do, is by driving the company to bankruptcy like they always do.* **And don't forget that GME paid off all its long term debt a couple weeks ago.** Bankruptcy is *completely* off the table. In this unique scenario where we have the turnaround of a company with a dream team board of directors, the real unique situation here is THE APES ON REDDIT WITH DIAMOND HANDS. + +Do **NOT** forget where we came from. 💎🙌🚀 That's what got us here, and that's what will take us to Valhalla. Trust the company's plan and HODL. The professionals we are bringing on for AMAs are providing invaluable confirmation and validity to our sub and to apes (and ants!) everywhere. **The heart and energy of this sub is quite literally the catalyst.** By you buying a stock in a company you believe in, HODLing with diamond hands, and **VOTING YOUR SHARES**, you are literally creating the MOASS. + +&#x200B; + +**Do you understand that?** + +&#x200B; + +# 🚀APES ARE THE CATALYST🚀VOTING IS THE CATALYST🚀 + +&#x200B; + +**BUY. HODL. VOTE.** + +&#x200B; + +https://preview.redd.it/4yh5eyygv3z61.png?width=599&format=png&auto=webp&s=6a593febf50d428236dffccc7ddc5d331aac235f + +The catalyst really has been inside us the whole time. ✌ + +&#x200B; + +**No date or meeting or rule or new CEO or merger or margin call or ANY OF THIS WOULD EVEN EXIST IF IT WEREN'T FOR DIAMOND HANDS. 💎🙌** + +&#x200B; + +Even Lucy Komisar believes in us!! WE ARE ON THE RIGHT TRACK!! We have debunked every cult accusation and FUD tactic thrown at us since January. Is this what it feels like to ascend Mt. Olympus?? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/ow8yej1ev3z61.png?width=554&format=png&auto=webp&s=4ae27c87854cd6873f0562e0eeb0d6faa061c8f7 + +&#x200B; + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +https://preview.redd.it/a5pxtzqoa7z61.jpg?width=840&format=pjpg&auto=webp&s=634f9f81ec00d947f6676804a96d4e1d8a71f2a1 + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 +https://finance.yahoo.com/news/paypal-allow-cryptocurrency-buying-selling-115232905.html + +LONDON (Reuters) - PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets. + +PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement. + +U.S. account holders will be able to buy, sell and hold cryptocurrencies in their PayPal wallets over the coming weeks, the company said. It plans to expand to Venmo and some countries in the first half of 2021. + +Stock is up 3.5% premarket, this is a good news for paypal stock and customers.The current e-commerce trend is very favorable for paypal, cryptocurrency plus venmo can unlock more value and growth for paypal. +My circumstances are that i live with a friend and pay below average rent so i suppose I’m in a good position to wait if i have to. I’m also in a position to buy and have pre approval ready to go +Studying forex for over a year and ive been trading real money for like 2months. I’ve been keeping my risk low for the first month trusting my system down to the wire made 3,5k on a 15k account then volatility really hit. I truly believed in tge recession so i cought the aud swing pretty early and made 11k, but i was still following my system( scaling out, not adding to much to trades) + +Might of got to my head those numbers cuz yesterday caught big swing down on the aud and the de30eur ( over leveraged by accident but payed off) so what did i do when my profits were at 12, i double dipped shot down to 16k and i did the same but by the time it hit 18k it shot up quick after that. + +Seeing my it hit 16k didnt phase me, i was just thinking bout future profits after retracement +12k startled me but i believe in the recession and the aus going down, didnt realize how much leverage i was using and it didnt need to go all the way back up to loose all profits. So i continued believing it would go down and i was chasing my profits looking at mt4 for 6hrs straight until i pulled out with 1.5k made that day. + +Even if im positive, i feel like shit just down af, i couldve of pulled out a 12 k but instead removed my stop loss. +Im going to take this as a blessing tho or atleast try to i knew it was that much would be unsustainable just lucky i didnt go negative and damage my account. + +Forex is truly crack cocaine, pls dont be like me +Last week I posted a small anecdote how I created my algo, and a few bits about the returns and challenges. Received several messages from experienced programmers who lack the market knowledge. + +So here’s the catch. Say I have an idea but lack the deep understanding of writing a Python script. Work together with a programmer. Once it’s up and running and profitable: what would block the programmer to go for it alone? + +Had friends who saw such a cooperation go up in flames as the “trading knowledge” wasn’t required anymore. + +Anybody saw successful cooperations in this field? +I've been on the FIRE journey since I learned about it 2 or 3 years ago (when I also learned how many women around me didn't know about investing, some of whom weren't even contributing to their 401k). + +I've been doing everything I can to educate anyone willing to listen (started an investment education group at work), but I'm still concerned about the ladies. + +And then I see this Forbes article compete with 7 successful men's photos. No women. Not one. + https://www.forbes.com/sites/forbesfinancecouncil/2018/08/16/want-to-retire-early-try-these-seven-financial-strategies/ + +Give me hope for us! Where are the other FIRE women? +"I think I worked one year too long." + +&#x200B; + +My father worked hard his whole life to try to give the best life for his family. While we were certainly never rich, he felt it was important to give his kids every chance at success in life, including paying for all four kids to go through college. That financial burden, along with a career that was far from stellar, forced him to work through his mid-seventies. + +&#x200B; + +Working long hours in a thankless job and battling cancer along the way took a toll on him, both physically and mentally. He understood money, and knew he had to work until he had a certain amount of savings. Unfortunately, he didn't get to his "number" before his health declined. He has been retired for almost 10 years, but got to the point where he can't enjoy the fruits of his labor. His health continues to decline and most of his time is spent in his house. + +&#x200B; + +The thought of working so long and hard that I can't enjoy my later years has haunted me. Since he uttered those words, I have been focused on maximizing my savings and have put together a financial model where I know I've worked long enough to be financially secure...but not too long. This focus has put me very close to my FI number. Thanks dad...you gave me the kick in the butt I needed to set an important goal and achieve it. + +&#x200B; + +"One year too long" is just as scary as "one year too little." +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Is this bothering anyone else? + + +I’ve heard speculation that SI is MAX 226%, as in the computer can’t register more than that, or show more than that. So isn’t it convenient that 113% shows up today? Of any number able to be put on to a data set, why exactly half? Something the computers just “can’t handle”? + +This just confirms my bias that there absolutely is something going on behind the scenes and we are absolutely closer than ever. + +Edit: here’s a post you might remember + +https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hello, + +I created [a post on Feb 8th, highlighting the reasons](https://www.reddit.com/r/pennystocks/comments/lf855m/high_tide_hiti_discussions_for_week_of_feb_8th/) I opted to increase my position on High Tide. + +This is a follow up to that post and what has changed ever since in the market for High Tide. + +Before we go on, **this is not a financial advice and in no way or form I am instructing you to buy this stock**. These are just my personal opinions. Do your own DD. + +Tickers: **$HITI** on Toronto, **$HITIF** OTC (Not on Robinhood), **$2LY** Frankfurt. + +They are all the same, one company, different markets, their difference in prices is closely related to currency differences. + +Events of past two weeks: + +* **Raj Grover (CEO of High Tide)** joined Twitter +* **High Tide had two jumps**, one to $1.13 CAD then a pull back to 1.00. Then there was a lot of movement side-ways around 0.95 for a week till then we had a drop to 0.75 which caused a circuit breaker and follow up by a halt on $HITI. This was a good thing, because then we had a jump back to 0.95. Some made money during that day, some lost money, that is why I am always against day trading and having a sell limit in place for penny stock that have a lot of movement **but have strong fundamentals**. +* This is very important, because **I personally believe $HITI is a strong investment long term**, it is a solid retail company, not weed grower, with a strong presence, and positives all over their papers. The management is quite amazing as well, and their 22% shares held by insiders is something of a value itself. +* Their earnings was also announced for March 1st (after market closes) which is a Monday next week + +>For the fiscal fourth quarter of 2020 the Company expects to report revenue that is ahead of the range of analysts' estimates of $**23.3 million** and $**24.2 million**, and gross margin percentage consistent with the percentage realized during the first nine months of the fiscal year. For the full year ended October 31, 2020 the Company expects to report revenue that is ahead of the range of analysts' estimates of $**79.7 million** and $**80.6 million**. + +* There has been a **continuous decline push on the ticker and it has slowly reached 0.70 CAD** as of today. Since I believe in this companies strong future and believe this to be a solid investment, I believe this was due to short sellers targeting High Tide and the fact that the price of earnings was already factored into the initial increase. And of course some treat penny stocks as pump & dumps for a short term gain. +* **On Friday Barchart stated in their opinion $HITI is 100% BUY.** + +https://preview.redd.it/xg3iehmef0j61.png?width=1758&format=png&auto=webp&s=3b457cbf3b383a976fe5129fe24be66e573337eb + +Now I am not here to give you some wild number solely based on hype, we are to be realistic here. **Looking at this as a long term investment, there is room to grow for sure, but EOY estimate is very hard right now because there are a lot of factors that could influence the price.** + +For example in order to get their NASDAQ listing, the company probably needs a reverse-split, which is a good reason to do a reverse-split, but you never know with these things. On the other hand their listing on NASDAQ could be a great catalyst as mentioned previously, especially since it will be available to a lot more retail investors down the boarder. Then there is the whole Biden legislation situation that could benefit us in the long run, short term? A lot of competition down south in a not so familiar market. + +**One thing is clear for sure in my mind though, I am going to be looking at a number far higher than 1.13 CAD by EOY.** + +For this reason alone, I never sold a share even at the high of 1.13 CAD and have been buying more shares whenever I got the chance on the downs. + +At the end I just like to point out that **I am further increasing my position today** when the market opens. + +One again, not financial advice, my personal opinion, entertainment purposes only, looking for a discussion, do your own DD. +Greenland Holdings is a huge property developer in China with a debt to equity ratio of 144% which is worse than Evergrande 118%. + +They have an 80 million pound block of land in Canary Wharf in London that they purchased in 2014 to build Europe's tallest apartment building on. They have barely even broken ground since buying the land. + +Sinic just went arse up and is defaulting like it's cool. + +Fantasia just defaulted on a 100 million dollars it owe Country Garden which is China's biggest property developer. They're all loaning each other money in some kind of giant cup and ball game or perhaps a better analogy is getting more credit cards to just siphon the debt from one hole to the next. + +Country Garden bought a site for 80 million pounds in east London to build a 400 million pound development in 2018. To this day nothing’s been built. + +R&F paid 500 million pounds for a site in 9 Elms London in 2017. Nothings been built. + +London property values are down 20% since 2014 the pound has also lost 20% of it's value so all these land acquisitions are very much in the red. They also represent some of the only sell able not shit assets these clown factory's have on the books. + +The contagion is kicking into high gear. + +Add to that the endless sea of lies that are the asset books and shit's getting really wonky. Evergrande takes failed projects and books them as inventory instead of a dead project. That includes anything built in a ghost city that has zero resale value. The true value of what these guys are holding onto is fucking unknown. It's like junk bonds strapped to junk bonds strapped to junks bonds being sold as 2$ ramen. + +Potential fall out could impact property prices in every major investment hub city that's been infected by dodgy Chinese property developers. I've been poking my mates in property and architecture but haven't been able to dig much up on how much shit is owned by these clowns in Australia. + +Evergrande own a bunch of buildings in Docklands Melbourne but my lazy arse hasn't been able to find more than that. If you know of any large holdings held by any of the big devs out of China toss them in the comments. I'm really interested to figure out how wide spread the impact of a death spiral fire sale will be on Australian property prices. + +It's really reminiscent of what the Japanese did in the 80s when they ran around buying vanity projects like the empire state building and then lost money hand over fist on the deals in the long run. Many of the property dev types in the UK have been saying for a long time that if the Chinese show up at a land auction you just walk away because they'll bid a mile past it's value. + +What a time to be alive. + +Tits up for the bois. + +\---- + +Maybe now is a good time to go into dry powder? + +EDIT: + +Clarification the 20% down in central London it's also supposedly about land prices. I need to go dig up my source. I'm twat and should post all my references instead of just babbling. I'll do that in future. + + +Another Edit: + + +The primary thing that's kicked all this shit off is the "Three Red Lines". The CCP government changed laws around financing and it instantly destroyed the refinancing capacity of 68% of the PRC property developer market. + + +A few people are saying "It's been doom and gloom forever so what's the difference". Well that is. That's why it's all hitting the wall right now and people are going tits up. + + +The Xi government has moved hard to the left and want more direct control over the economy. They seemingly haven't thought it all the way through though and are creating a very large mess, which is pretty on point for the CCP. Well pretty on point for any government really, create a problem shift blame, claim victory when they paper over their giant fuck up and then tell people to love them. +Alright my retarded family. + +I wan't to talk about careers and the future. + +Most of us are in our 20's, 30's 40's 50's. Some of us don't have to worry a whole about out jobs/ careers and university pathways becoming obsolete. Some of us do. + +There will/may be some changes with EV's, driverless vehicles, driverless trucks, automated factories, automated building and much more. So there may be a few roles in the future that people need to be mindful of. + + +-Working in a service station could be something that becomes obsolete. + +- truck drivers + +- Taxi drivers +-uber drivers +-forklift drivers +-brick layers + + +While some of it is hypothetical. + +I would like to hear thoughts and also other careers that may become obsolete???This could also help with our investments. + +Ill flag it as dumbfuck discussion. +But it is a serious topic id like to discuss if anyone has a minute. +Current account value is around $57,000 with a 5.2% average yield. With how much the market has came down I am actually down 13.11% on my overall portfolio which I don't mind. I don't know how much longer this bear market will last but I will be aggressively adding to this account because it's hard to pass up a 5.2% dividend yield overall. Prior to the market crash my account was sitting closer to a 3.5% dividend. For the curious about my exact positions here is my M1 finance link that breaks it all down for you ( https://m1.finance/OEQ\_crkU-wFw ). The goal of $1000 in dividends a month to help fund vacations around the world has not changed. + +https://preview.redd.it/z4qkmsoz27r91.jpg?width=486&format=pjpg&auto=webp&s=e81303b4592461243560e51cf5b7805dbfb94ba9 +I'm just learning about many of these funds. It seems like most of the threads recommend people put a lot of money in SCHD? I'm just curious why that ETF and not something like JEPI. Seems like JEPI pays higher monthly dividends, is cheaper, and is a similar fund. +Last Monday 12/10 I went to the Mazda dealership to get my car key replaced after I lost it. When I got to the checkout counter they told me there was nothing for me to pay. My invoice was for $0.00 and I asked multiple times and the lady behind the counter told me there was no charge and I was free to go. + +Today, 8 days later, I get a call from a guy at the shop who says giving me the key for free was a mistake and accounting is freaking out. Do I have any leverage here? + +Please help me. The key would be around $350. I asked the lady multiple times if the invoice was correct and she assured me it was, now they’re asking for money saying it was wrong and I feel like I shouldn’t have to pay due to an error on their end. +Not one to make posts like this, as I prefer memes, DD, and shitposts.. \*BUT\* working in the IT field this is sort of driving me nuts. + +Please Please Please for the love of Chairman Cohen and all things Superstonk related, + +&#x200B; + +\*\*\***DO NOT** click on PROXY VOTE links posted in threads here unless it is posted by an Admin/Mod/Reputable person!!\*\*\* + +&#x200B; + +This has huge potential to be what is called "Phishing" + +quick definition- + + *Phishing* is a type of social engineering attack often used to steal user data, including login credentials and credit card numbers. It occurs when an attacker, masquerading as a trusted entity, dupes a victim into opening an email, instant message, or text message. + +&#x200B; + +If this is done and asks for your personal info, CONTROL NUMBER, etc and you input it thinking you are about to vote.. You potentially could be giving your vote to THE BAD GUYS! + +Most of your brokers should be sending emails with information on how to vote. If not, you should call, chat, email them directly. + +&#x200B; + +Tits=Jacked + +Crayons=snorted + +Cohen=Daddi + +This is the way. + +Spread the good word + +&#x200B; + +That is all. + +\-GHS +I've never used a chargeback but seeing how Ryanair treat their customers makes me want to go to any airline other than them even if it costs me double to fly. + +https://www.theguardian.com/business/2021/oct/12/ryanair-bans-covid-refund-passengers-from-boarding-new-flights +But I managed to put almost 60 bucks in savings, paid 30 bucks extra on my car payment, and pay my car insurance and phone bill for this month AND next month. +Small victories lads:) + +Edit: wow! My first reddit gold. Thank you! Never thought this post would blow up like it has. Thank all of you for the kind words and encouragement! Were all gonna make it! +Say I T+2 5000 into something, and sell 5000 the next day keeping whatever I made as profit as free stocks (free carry) do I need to pay any capital gains tax on the 5000? +It feels like there is a system deliberately set up to deter me from collecting this data. The cheapest option seems to be polygon, but they do not offer minute-by-minute data, so you have to scrape every datapoint they have and then organize it yourself. And I am having a TON of issues with their API (anyone else). Sometimes the same requests returns totally different data. What is going on here? + +EDIT: This was a problem with google cloud, not polygon. Polygon has since proven to work very well for my needs. +I’m 27F, in Midwestern USA, and deaf. I’m the sole breadwinner for my partner (who is in year 1 of law school) and I. Income is never enough to have any money left over, but all the bills get paid mostly on time. I’ve only ever worked retail at one store (despite transfers and a short period (8-10 months?) where I resigned and was rehired) since 2016, and have no experience anywhere else. + +ETA: I also receive disability benefits, but it’s not SSDI. so it’s a benefits + part time or full time exclusive situation. + +I want to quit my current job (11/hr) so bad i can barely stand it. But I’ve never gotten a call back from anyone ive applied to, and I don’t mean recently. Nobody, ever, has contacted me back from any places I’ve applied. I’ve been looking for work that meets our financial needs since i got the retail job. I have a BA in English literature and I’d be happy doing secretary work or something. I’m desperate to have a routine. Any form of regular schedule. Had a health scare recently and the doctor told me that the best thing I could do to prevent my health from deteriorating was to hand in my immediate notice. Dad had a stroke at 45 and I don’t want to die young. I feel like I’m going to. + +Problem is, I’d have to make a bare minimum of $18 an hour (after deductions for insurance and taxes) just to break even. I don’t understand how to convert this to salary pay, so there are definitely applications I’ve skipped over because of this. I’m losing faith that me getting this “pipe dream job” is even possible. I feel so incompetent. + +I’m not sure where to post this, so if it’d be better suited for another subreddit, I apologize. I don’t usually browse the more serious side of Reddit, but I’ve been feeling emptier than ever, and I don’t know what to do anymore. +Yesterday: "Millennials ruining the economy, worst group of people ever." Today: "Millennials are keeping the US out of recession". I hate the news. + + [https://www.cnbc.com/2019/10/22/millennials-are-keeping-the-us-out-of-recession-tony-dwyer.html](https://www.cnbc.com/2019/10/22/millennials-are-keeping-the-us-out-of-recession-tony-dwyer.html) +Why do I keep seeing people on this sub selling greedy puts for stocks they don’t like or want and now they’re getting fucked because the market is correcting… can someone explain to me their logic here? We’re here to sell options… specifically options on companies we like, the reason you may ask? Because when you inevitably get assigned the loss doesn’t sting that bad. We are not WallStreetBets, we’re the next Pokémon Evolution and we’re here the fucking win. Let’s stop all these shit plays and try to make some fucking money boys and girls. +That's it, nothing can convince me I don't live in a simulation. Or a weird quantum physics alternate world. Ruled by law of attraction or something. With premonitions and time travel and such crazy stuff. I know many of you will dismiss this as fabrication, but this story is 1000% true. My imagination is not so developped as normal Sapiens Sapiens. + +I visited my mother today. Out of nowhere, she tells me "I had a dream that you became rich with investments or something, and you came up to your father and I and surprised us with the news". + +How much more bias can the Universe confirm for me????? + +TLDR; MOASS surprise leaked to mom in dream + +Edit: Someone made a post trying to spark a big debate on whether simulation is real and its moral implications? Chill out my man, I don't care about this, I just buy and hodl and live my life. When absurd shit happens, like the trainwreck Ben Askren vs Jake Paul event ft. a coked up Oscar De La Hoya, I can turn to my trusted friend Mr. Simulation Theory and have a good laugh. That being said, for this is for the more literal minded apes: +DISCLAIMER, THIS POST IS NOT FINANCIAL ADVICE. +MY MAMA IS NOT A PROPHET. +AND DO NOT CARJACK AND FIGHT PEOPLE OR BE IMMORAL BECAUSE YOU THINK YOU LIVE IN A GTA STYLE WORLD. +Thank you. +Hey everyone, + +I want to share a milestone of my jurney in the world of crypto curriencies. + +After having the issues of freezed funds etc. I am finally my own bank. + +I moved all my funds from exchanges into my harware wallet to keep them safe! + +It was very simple & easy to set-up the wallet, it also has a perfect interface to follow-up your assets. I recommend everybody to buy their own wallets for their own safety! + +I wish you all a great weekend fellow crypto enthusiasts! + +What else do you suggest me as a next milestone? Mining, staking? Waiting for your comments! 😀 + +https://preview.redd.it/zctjdyq43ge81.jpg?width=3000&format=pjpg&auto=webp&s=3c44fe33f8b879eb10bff0249b170ec6480a0168 +Apologies for the noob question. I’ve tried searching the sub and not found anything conclusive. I’ve started off with TD Direct Investing and I have been able to buy nearly anything however the fees are cost prohibitive (obviously). Signed up with a WealthSimple and it seems great for savings on bigger commodities. Any suggestions would be greatly appreciated. +Welcome back to your favorite german reddit thread, where almost nothing happens 😁 +But it's nice to see all of you, good morning/day/evening/night! + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of comradery is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + + +Starting: 138.99 US-$ + +5 minutes in: 138.99 US-$ + +10 minutes in: 138.99 US-$ + +15 minutes in: 140.05 US-$ + +20 minutes in: 140.58 US-$ + +25 minutes in: 140.63 US-$ + +30 minutes in: 140.58 US-$ + +35 minutes in: 140.93 US-$ + +40 minutes in: 140.93 US-$ + +45 minutes in: 140.93 US-$ + +50 minutes in: 140.93 US-$ + +55 minutes in: 140.93 US-$ + +60 minutes in: 140.93 US-$ + +65 minutes in: 140.93 US-$ + +70 minutes in: 140.93 US-$ + +75 minutes in: 140.93 US-$ 😴 + +80 minutes in: 140.93 US-$ + +85 minutes in: 140.93 US-$ + +90 minutes in: 140.93 US-$ + +95 minutes in: 140.93 US-$ + +There's some movement, you can see that when you click the link I provided...but the highest price that I can sell for hasn't changed so no movement for me 😄 + + +Oh wow, my currency app just updated...it's 143.93 US-$ not 140.93 US-$... Thank you guys and girls in my comments for telling me that. +I mean my prices are a bit off sometimes, that's normal, but 3 US-$ is quite a number 😂 +I checked it many times, it was always 140.93 ... well things like this happen, I'm sorry for the confusion. +I won't change the numbers that I already posted but just add like 3 US-$ to all of them in your mind, should work 😉 + +100 minutes in: 143.93 US-$ + +105 minutes in: 143.93 US-$ + +110 minutes in: 143.93 US-$ + +115 minutes in: 143.93 US-$ + +You probably know the drill by now, the US pre-market is about to open so that's it for the day. +Again sorry for the little conversion confusion but as I said, I don't think that this is reeeally about the numbers so I hope you can forgive me 🤗 +Thanks for the support, I'm being compared to Mr. Rogers in the comments, you're all crazy 🤣🤣 +I love you all, we'll see each other tomorrow...don't forget to give some hedgies hell today!! 🦍 +I've been trying to understand what's been going on with the economy, but certain things in economics, particularly in capitalism, just don't make sense to me. + +* Part of capitalism is that more goods are produced than are needed. Yet people still go without. Why? + +* Industrial automation means there are fewer people needed to produce all needed goods and services. So the number of jobs that need to be done shrinks. Yet everyone has to find a job, to earn money, to buy needed goods and services. Why? How? + +* Capitalism seems based on endless expansion. But resources are finite. Doesn't that make the economy one giant Ponzi scheme? + +* Nobody has any money to spend in a recession. But they had money before the recession. Where did it all go? Even if one says, "They spent it all," all that means is the people with money gave it to other people in exchange for goods and services. So the other people should have the money, but they don't either. Why? How? WTF? + +EDIT: Crap in a hat, I didn't expect this many replies. I'm not a troll; I'm apparently just that ignorant. I'm wondering if I should print out this page, drive down to my old college, show it to them, and ask them not only how I passed macroeconomics without understanding any of the underlying premises of economics, but how I learned more on Reddit in one day than in four months in a classroom. +&#x200B; + +https://preview.redd.it/pdit7vkynk671.png?width=1600&format=png&auto=webp&s=296503fc0a4df41903244dddfaec97f94882b384 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/zdewbgc0ok671.png?width=680&format=png&auto=webp&s=3b28e6de3321c35952c309c13ed743bb4c325a2c + +# Reverse repo bingo! + +https://preview.redd.it/kh1dnk7hok671.png?width=870&format=png&auto=webp&s=8205651a3037870c4dd8af590d92d01a933ca92a + +This week starts off with some interesting things, the RRP's are currently standing at 747 billion, [https://apps.newyorkfed.org/markets/autorates/tomo-results-display](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +&#x200B; + +https://preview.redd.it/y2m8sggvok671.png?width=960&format=png&auto=webp&s=9290aee8edee8ae66e1e25264e7bb514f255e1de + +# The Exponential floor + +the "exponential floor" from u/jth1 it seems that we are still traveling bellow the exponential floor, and I want to thank u/jth1 for continuing to log this, this so that once a correction comes in or we have something change we can still use this graph to double check, I believe we may see a correction soon and we'll be able to create either a new graphic in which the support lines are visible, or come to a new theory/conclusion. + +&#x200B; + +[credit to u\/CachitoVolador ](https://preview.redd.it/y2sa714cpk671.png?width=720&format=png&auto=webp&s=501e727115a063adca46ea24b1b6c5e01ef56ad1) + +&#x200B; + +https://preview.redd.it/zz9symhipk671.png?width=1242&format=png&auto=webp&s=21c0f7d95a64d4697d053c174f77ff0637a058be + +# Rc's fathersday tweet. + +It was fathers day yesterday, so I'd honestly say it would be one of the few times the man could post something about his dad without being bombarded with "wen moon" jokes, even if I've seen some of the theories on here which I would love to be true, I'm currently in the mindset that this is nothing more then the man showing some love for his father. + +&#x200B; + +https://preview.redd.it/2uezp5r8qk671.png?width=313&format=png&auto=webp&s=0958ae73e8e594dfaef458ddfe8f05879aabaf67 + +Larry Cheng, GME boardmember. + +&#x200B; + +[credit to u\/Manonthemon ](https://preview.redd.it/nugyu7aeqk671.png?width=960&format=png&auto=webp&s=d814f8f5af0cc5522abc03bbbe90af88edb928ab) + +# The NSCC 2021 002 + +The 002 changes having enough liquidity at the end of the month into a "intraday" thing, or in smoothbrain, you better have the money on your bank account 24/7 because if daddy checks and you aint got his money, daddy gon be mad. + +They can start checking every day, and check it multiple times even if they so choose to, instead of just the end of the month. + +The 002 will be filed today on 21-06-2021, but could take up to 10 business days to be implemented, meaning that even if it gets filed today they can say "yeah it's active now" but they could also let it sit there for days before activating it. + +[https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf) + +# Wen new CEO + +Also before we forget, today is the date that the new CEO steps in! + +Good luck mr. Furlong! + +# Annihilationgod's data + +Now I love pure data because once you have "all the data" you can see so much more, AG is one of those guys who has a certain eye for data details, He's made two threads, one with data the other with a question for help + +[AnnihilationGod presents: The Big Short Data Collection for Everyone](https://www.reddit.com/r/Superstonk/comments/o3e9kg/annihilationgod_presents_the_big_short_data/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[DATAGod Part 2 - A task for apes!](https://www.reddit.com/r/Superstonk/comments/o4iy9f/datagod_part_2_a_task_for_apes/) + +let's just say there is some weird stuff going on just by data alone + +[Overstock's graph](https://preview.redd.it/t55gv2i4sk671.png?width=5166&format=png&auto=webp&s=4f667955247ef8c596d50044783bc11eaf0112ff) + +&#x200B; + +[Gamestonk](https://preview.redd.it/674s7hb6sk671.png?width=4932&format=png&auto=webp&s=224539892efddd747b7e46d80fba71b7969093dc) + +&#x200B; + +https://preview.redd.it/lc6rgbxjsk671.png?width=554&format=png&auto=webp&s=068a027c335408b396c10b9d019aac30d0c0c7f1 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/cck8rp6msk671.png?width=400&format=png&auto=webp&s=592c2a08328d6e594548f24991fde8b28aa62ebe + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +# Brigading + +apparently this has become an issue I've only just been made aware of, it seems some moderators of other subreddits have the feeling we are condoning brigading. + +Brigading can be seen as a lot of things, one of which is downvote brigading (downvoting everything that you don't like as a group), another one is going in there with the intent of "stirring shit up", neither are condoned by us (the moderators of superstonk) or any sub. + +if you want to take part in another subreddit make sure you adhere to their culture and their rules. + +One of the communities I've seen complaining about this is r/wallstreetbets, also with statements like "the moderators condone this behaviour" (as per post of u/zjz), so Zjz let me say it here so that it's clear for both subs, we don't condone brigading. + +I do feel that seeing posts pop up all over the boards,members of r/investing r/stocks and others have received these messages (asking to write DD on random stocks) and thereby people trying to get exposure for a certain stock, and putting "squeeze" in every DD is far from good, and I believe that unless they are a stock specific sub it's hard to circumvent this, yet it does breed the idea that there are a lot of "shills"/"Bots" out there right now, and not just in one single sub but in a lot of them. + +However that being said I do personally believe ZJZ and other mods of r/wallstreetbets are doing their best in trying to get their subreddit back to the way it was, and I hope they succeed because it used to be a very off the cuff place and now with a lot of new participants it feels different for me (and I was just a lurker for the longest time). + +So u/zjz or u/fannypackphantom, if you guys have any trouble with members from our sub please let us know and we'll try to help as best we can. + +&#x200B; + +Edit: + +&#x200B; + +https://preview.redd.it/70x0ji8fyl671.png?width=1125&format=png&auto=webp&s=8249f94f3aef1dc8662980398c7697506e7c182e + +Mr. Furlong is now CEO and Sherman is out effective immediately +You. Have. No. Idea. What. A. Crash. Is. + +The markets doing great, dips are healthy and a good sign of longevity, further growth, and buying opportunity during a bull market. + +Chill. +> Walmart is suing Tesla for breach of contract after Tesla solar panels ignited atop seven of its stores. + +> Tesla and Walmart have been partners on clean energy initiatives for years; dozens of Walmart stores have Tesla solar rooftops and Power Pack batteries installed on-site. + +> Walmart has also pre-ordered at least 45 Tesla electric semi-trucks to add to its vehicle fleet. + +https://www.cnbc.com/2019/08/20/walmart-sues-tesla-over-solar-panel-fires-at-seven-stores.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Twitter will allow you and its 300 million active users to add their own Ethereum or Bitcoin adress to their profile. + +https://imgur.com/a/OwNR70p +Menu which allows you to copy the Ethereum or Bitcoin adress directly + +https://imgur.com/a/EZdcdG3 +Field where to enter your own Bitcoin adress (potentially using the lightning network) + +https://imgur.com/a/dr93EIM +Field where to enter your own Ethereum adress + +This was reverse engineered by @alex193a, a Twitter developer also has hinted them using lightning network for Bitcoin donations. + +While being very likely, it is still speculation and not final, take it with a bit of salt. +Hey everyone! I just wanted to share some charts I colored on to give you conifrmation bias on all of these bullish Theories. \*I am retarded and eat crayons\* + +&#x200B; + +[This is the 1 day chart](https://preview.redd.it/8a97gpn9a9i81.png?width=1427&format=png&auto=webp&s=3f6dd57c5f2231ec0aa5944a46972aec2f9ab1af) + +GME has been slowly climb up after it broke out of the descending channel it has been in the last several week. + +Right now it is at the top of the bolinger band indicating that a bull run is upon us. + +MACD (purple) is trending up and about to be positive (bullish) + +Stochastics (pink) is flatening and looks like its going to go up with the the MACD + +Accumulation and Distrobution -A/D (orange) this is trending up + +Aroon Oscillator (blue) is also trending up + +The PSAR (the little blue hash's above and below the candles) has flipped confirming this bullish trend + +&#x200B; + +[This is the 1 week](https://preview.redd.it/u2m8ericb9i81.png?width=1442&format=png&auto=webp&s=56d96c64fd5451c0378fff400e656e06608f8f23) + +The purple circle is showing something I think is very imporant on the MACD. The last time GME was positve on the MACD on the 1 week chart was 5/24 last year before a big run up. I believe when this flips positive we will be seeing GME have HUGE gains. + +Given how everything is I think the PSAR can flip over next week! + +Stochastics (pink) is trending up and diverging + +A/D (blue) is trending up + +and Aroon osc is trending up as well + +&#x200B; + +For those that are unfamiliar with the indicators I use here they are. + +**Bollinger Band** \-is a technical analysis tool defined by a set of trendlines plotted two[ standard deviations](https://www.investopedia.com/terms/s/standarddeviation.asp) (positively and negatively) away from a [simple moving average](https://www.investopedia.com/terms/s/sma.asp) (SMA) of a security's price. + +Bollinger Bands were developed and copyrighted by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought. + +**Parabolic SAR** attempts to give traders an edge by highlighting the direction an asset is moving, as well as providing entry and exit points. This can find potential reversals in the market price direction of traded goods such as securities or currency exchanges. It is a trend-following (lagging) indicator and may be used to set a trailing stop loss or determine entry or exit points based on prices tending to stay within a parabolic curve during a strong trend + +**Moving average convergence divergence (MACD)** is a [trend-following](https://www.investopedia.com/terms/t/trendtrading.asp) [momentum](https://www.investopedia.com/terms/m/momentum.asp) indicator that shows the relationship between two [moving averages](https://www.investopedia.com/terms/m/movingaverage.asp) of a security’s price. The MACD is calculated by subtracting the 26-period [exponential moving average](https://www.investopedia.com/terms/e/ema.asp) (EMA) from the 12-period EMA. + +The result of that calculation is the MACD line. A nine-day EMA of the MACD called the "signal line," is then plotted on top of the MACD line, which can function as a trigger for buy and sell signals. Traders may buy the security when the MACD crosses above its signal line and sell—or short—the security when the MACD crosses below the signal line. Moving average convergence divergence (MACD) indicators can be interpreted in several ways, but the more common methods are [crossovers](https://www.investopedia.com/terms/c/crossover.asp), [divergences](https://www.investopedia.com/terms/d/divergence.asp), and rapid rises/falls. + +**A stochastic oscillator** is a momentum indicator comparing a particular [closing price](https://www.investopedia.com/terms/c/closingprice.asp) of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a [moving average](https://www.investopedia.com/terms/m/movingaverage.asp) of the result. It is used to generate [overbought](https://www.investopedia.com/terms/o/overbought.asp) and oversold trading signals, utilizing a 0–100 bounded range of values. + +**Accumulation/distribution indicator (A/D)** is a cumulative indicator that uses [volume](https://www.investopedia.com/terms/v/volume.asp) and price to assess whether a stock is being accumulated or distributed. The A/D measure seeks to identify [divergences](https://www.investopedia.com/terms/d/divergence.asp) between the stock price and the volume flow. This provides insight into how strong a trend is. If the price is rising but the indicator is falling, then it suggests that buying or accumulation volume may not be enough to support the price rise and a price decline could be forthcoming. + +**Aroon indicator** is a [technical indicator](https://www.investopedia.com/terms/t/technicalindicator.asp) that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't. + +The indicator consists of the "Aroon up" line, which measures the strength of the [uptrend](https://www.investopedia.com/terms/u/uptrend.asp), and the "Aroon down" line, which measures the strength of the [downtrend](https://www.investopedia.com/terms/d/downtrend.asp) + +&#x200B; + +&#x200B; + +TLDR: Every indicator I use is Bullish and showing that GME is going to go up +