pcock
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Posts posted by pcock
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3 hours ago, chenGOD said:
Nobody has made big money. You need to sell if you want to realize gains, and what is the rallying cry over on WSB? Hold it until they die.
Gamestop net sales continue to decrease, even as they continue to "de-densify" (read close stores), and while they have made a switch over to e-commerce, why would anyone buy games from GameStop when they can purchase direct from the marketplace of their console? And with the PS5 and XboxX or whatever the fuck it's called offering discless machines....do I need to keep going? As an investment, it makes no sense. Writing is on the wall. You can't compare them to any company that manufactures things, because gamestop doesn't, they are a service provider that's been overtaken by technology. As a gamble sure.
That WSJ article talks about hedge funds, but the real players are the mutual funds like Vanguard, Blackrock, Fidelity etc. Look at Vanguard (I like Vanguard, sue me) - they own 1.2M shares of GME spread over 40 funds. At the current price of $200 (rounded up slightly), that would be $240M. Which sounds like a lot, but Vanguard has $7.1T in assets under management. Blackrock has over $9T in assets under management. So yeah, the hedge funds will get fucked, but that's good - they don't invest, they gamble. So fuck em.
I'm reading reddit just like you, but if the wall street journal is reporting that the short elements of these squeezes are already down approx 70 billion, and the opposing side of that loss is combined GME, BB, and AMC retail holders holding shares en masse, and the theorised short squeeze all VW 2008 is still potentially going to raise GME price by over 500 percent, then is that not one of the greatest transfers of wealth? We are approaching 1 percenter money here, easy.
The end game here is to sell when the price is so high that it folds the other end of the trades, the shorts. They have no defined risk ceiling and no way of exiting the trade. The CEO of IBKR literally circumvented free market capitalism and went on the financial news and openly stated they had to cease trading ability fir retail because their losses were exceeding what they could capably handle yesterday.
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Laying down some takes of ideas for my masters recital. Been meditating alot recently and its absolutely crazy how much its helping my ability to perform single take recordings while maintaining the musicality that i brim with while practicing with no pressure. I think with another full year of concerted effort I might actually be able to segragate and control the intrusive thoughts that invade the flow of the music as pressure is applied. Still a couple of bum notes in there, but il get there.
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59 minutes ago, chenGOD said:
Yeah - and saying that GameStop is a good investment is completely false information.
I agree on the second part - must have been more sleep deprived than normal when I wrote that an hour ago lol.
Theres been absolutely no ambiguity on this from the start, all the big players on reddit have been saying that this was exactly possible. Because hedge funds have shorted over 100 percent of the stock, they are so sure of its demise that they have overleveraged themselves (illegally) and its feasible to force them so cover their shorts and inflate the stock price massively. There hasnt been much, or any, trickery regarding gamestop actually being a good investment. Just that a team of coordinated stock buyers on the internet that convinced themselves and consequently others that they could essentially trigger an enormous and infinite squeeze on the hedge funds that openly and mockingly shorted the company. Whats mental is that the deepvalue guy came up with this plan in 2019.
whether thats entirely legal or not i have no fucking idea.
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I'm only in with 3 shares left of GME I had to take some money this morning for my own sanity. I didn't have the balls to go all in, but im holding to see what happens. Max loss is 350 dollars or so. Mostly just happy to see some ultra rich people getting a ball squeeze.
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This is absolute popcorn. Wsb now full intent on organising class action because Robin hood have disabled buying but not selling short squeeze stocks.
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But you aren't wrong. Wall Street seems to be becoming increasingly agitated that commoners are turning to the stock market, and certainly any of the huge players who are bleeding billions from this event will be pushing for a restructuring. Interesting times indeed
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24 minutes ago, pcock said:
Poor people are not excluded atall, not sure where you are getting that information. I can buy fractional shares for 50 dollars with a minimum deposit of 50 dollars. All the information needed to make informed is overwhelming and obtuse, but its freely available online. I learnt financial derivates from a free course on tasty trade that took 6 months and gave me great insight.
I made 300 percent last year on my first full year in the market, poor example because last year was a huge bull market, but still. The advantage of being poor is that you can afford to use derivates to apply leverage. I'm not saying its safe but at no stage are you excluded. In fact I'm well on my way to no longer being poor exclusively because I've spent 18 months studying and being able to trade freely.
Quoted wrong post sorry.
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8 minutes ago, cyanobacteria said:
it's not a free market, poor people are excluded. they don't care about maintaining appearances, and people as a whole will only know if mainstream media covers the issue negatively, which they won't
Poor people are not excluded atall, not sure where you are getting that information. I can buy fractional shares for 50 dollars with a minimum deposit of 50 dollars. All the information needed to make informed is overwhelming and obtuse, but its freely available online. I learnt financial derivates from a free course on tasty trade that took 6 months and gave me great insight.
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3 minutes ago, cyanobacteria said:
its pretty great, but im sure the bourgeoisie will apply new regulations to small time stock traders now in favor of whales
Tricky one to implement though. How do you limit inclusion in the stock market to individual investors without making it achingly clear that it isn't a free market? I can see an investigation to the open sharing of ideas on reddit coming to a frothy head, but actually limiting people in the 10-50k region access?
Not to mention much institutional money makes big cash off Internet retail trends and surges. This has exposed an exploit against short selling. People who play the market as a bull have limited and clearly defined risk, its the oversold short aspect that has left Melvins risk at infinite.
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Anyone been keeping up with this short squeeze play Wall Street Bets have instigated against Melvin capital? Its exhilarating. Through combined buying and holding they've exploited a flaw in illegal oversold short selling and have a chance to wipe out a 13 billion dollar hedge fund if their hypothesis is correct.
Not only is it a glorious fuck you to the capitalists who caused the 2008 crash and were bailed out, its looking like this one play is going to mean I can get on the housing market about 3 years earlier than I expected
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These are a really enjoyable set. Mompou in general fits into a very pleasant space that fans of satie will probably enjoy.
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I have and love the cheapest Audeze model, LCD-2. not cheap though. £600. They have made all other sub £250 headphones ive ever owned sound like trash in comparison though.
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10 hours ago, brian trageskin said:
nice
@dingformung timbre variation is overrated anyway. nobody complains about that apart from geeky sound designers hehe
like, i don't give 2 fucks there isn't much timbre variation in these for example
Boulez sonatas? A man of bold taste indeed.
Samuel Andreyenev is new to me too, which is always appreciated.
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On 5/10/2013 at 9:23 PM, Squee said:
Can anyone recommend me any other Nick Drake tunes that have the same melancholic sound as Riverman?
Bit late but i always got the same vibe off man in a shed, even though if i can remember correctly its in a major key.
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On 1/20/2021 at 7:38 PM, brian trageskin said:
ok. dunno then - not that i knew about something anyway haha
how's learning improv going btw?
Hah. Poorly. Im still warming up with my circle of 5ths, 3 note voicing etc but im more focussed on my masters exam now. Ive booked it for July 2022 to apply a bit of pressure to my practice.
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On 1/20/2021 at 7:49 PM, dingformung said:
I really like the way you play this piece. It sounds like you've played this one often, you put really interesting and subtle expression into everything. Very difficult to do with such a bland instrument as the piano
Well, im happy you enjoyed it, but i would strongly contest the idea that the piano is bland. With the right hands behind it many would say its the most dense, polyphonically capable instrument in existence, able to replicate a full small orchestra, as demonstrated by this solo transcription of Debussy's Prelude a L'apres-midi d'un faun by Vyachslev Gryzanov. The fact that a single note has only one point of impact is mitigated massively by the fact that you have control of up to 10-15 of them similtaneously.
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Yeah, I made a conscious decision to stop pirating everything to do with music a few years back, after absolutely tanning soulseek and vst cracks for most of my life.
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23 hours ago, onecaseman said:
New season of The Expanse. The villain is not great.
Where are they upto with the series? I watched the first season, loved it, and immediately moved to the books. I havent watched any of the program since.
SpoilerIs Duarte the evil god emperor yet?
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Sounding nice. whats the deal with writing stuff for audio jungle? does it pay alright?
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Sure thing, I just make techno. Heres a tune I made yesterday
www.discreteglasgow.bandcamp.com
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I quite like them as minimal as they are. I like to add texture in my own tunes by adding rattles and rhythmic noises in the background, using a stereo imager to almost completely remove the middle so they dont cut through the mix atall.
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10 hours ago, zkom said:
It's some crazy shit. Of course it's a mutual deal. https://www.independent.co.uk/news/uk/politics/brexit-music-tours-visa-eu-b1789390.html
The crazy thing is that US musicians will have easier time touring inside EU than UK musicians because they don't need visas.
Apparently you also have to list the details of all your gear and have them checked when entering each country?
From An independent article, so the website is tumescent with ad spam
https://www.independent.co.uk/news/uk/politics/brexit-music-tours-visa-eu-b1789390.html
Ministers rule out rethink to rescue visa-free tours by musicians, insisting ‘control of borders’ must come first
Musicians are 'mere collateral in obsession in ending freedom of movement’, minister told
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6 hours ago, usagi said:
whatever, I don't really care what you do or what you believe. you decided to be a cunt and you were spoken to like a cunt, the end.
I was actually just joking around, but thank god that's the end.
Although having now read back half the thread the anger makes more sense, this is a very prickly thread.
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Thats it I guess then. I still remember my amusement at the idea of Trump winning in 2015 quite vividly. Good Times.
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Cryptocurrency as the next significant stage for computing technology, not just an investment
in General Banter
Posted
Robinhood forcibly excersizing peoples ITM options contracts today at the precise lowest point possible, so a second big class action lawsuit incoming for them
I got all riled up with the inner fire of anti-rich cunt mob justice and spent another 500 bucks at open lol, im a fucking idiot.