The Investment Thread

Turfie said
I don’t even know what a support level is anymore. So many stocks (and especially retail stocks) are getting crushed for about 8 straight weeks now.

My hunch is that this is all a Hail Mary by quite a few entities that made a really bad bet. I think this arrow is getting pulled back as far as it can go. Even just pinning these things in place has to be exhausting for them.

One example is the ETF XRT (full of meme and retail stocks). That ETF just had the highest number of Failure to Delivers in its history. Retail has bought nothing but thin air for weeks.

Edit: to fully appreciate the absurdity of what’s happening with XRT…XRT has 5.1 million outstanding shares. On December 21st….there was 5.6 million shares of XRT that failed to deliver. WTH.

I’m eyeing mid February when things get really humming again.

Could be a huge conspiracy. I get those hedge funds dealing with a hassle and all but they are making bank on short end. Maybe it runs again when they all start closing positions. Maybe a situation where free money is no longer getting reinvested combined with a loss of momentum, a really bad environment for retail, inflation, a non-existent employee market, fed increasing rates and less people at home are all bad things for meme stocks. Combine that with some manipulation and it’s an ugly ticket. I’m rooting for you though.

Like I’ve been saying for a year now. The hedge funds have the capital to wait this out. They also have the capital and the bots to make this into a once in a lifetime opportunity at the expense of apes.