The Investment Thread (3 Viewers)

[Turfie]

GameStop selling digital games now. This is such a quiet company.

But the next step should be how people can re-sell digital games

 

[itztime]

 

[DaveXA]

I'm adamantly opposed to Congressmen owning/trading investment vehicles while in office. How this is allowed to happen is just baffling.

 

[Turfie]

I'm adamantly opposed to Congressmen owning/trading investment vehicles while in office. How this is allowed to happen is just baffling.

One of the lead prosecutors that was building a case against Citadel in the NWBO (literally a cancer drug company that is real) stock manipulation/spoofing case quit his job a few weeks ago.

Citadel hired him a few days ago to help represent them.

All of these things is baffling and I wonder how this isn’t bigger news to the masses. But I think we all know why.

 

[itztime]

One of the lead prosecutors that was building a case against Citadel in the NWBO (literally a cancer drug company that is real) stock manipulation/spoofing case quit his job a few weeks ago.

Citadel hired him a few days ago to help represent them.

All of these things is baffling and I wonder how this isn’t bigger news to the masses. But I think we all know why.

That’s like watching an episode of Billions.

 

[Turfie]

Bayer plunging 20% today due to a pharma drug that did not perform well. Now at a 15 year low. I used to work for them and sold all my shares a few years ago thankfully.

 

[Saint_Ward]

One of the lead prosecutors that was building a case against Citadel in the NWBO (literally a cancer drug company that is real) stock manipulation/spoofing case quit his job a few weeks ago.

Citadel hired him a few days ago to help represent them.

All of these things is baffling and I wonder how this isn’t bigger news to the masses. But I think we all know why.

That should be a direct conflict of interest if it's the same case. If he's working unrelated cases, no big deal.

 

[bclemms]

One of the lead prosecutors that was building a case against Citadel in the NWBO (literally a cancer drug company that is real) stock manipulation/spoofing case quit his job a few weeks ago.

Citadel hired him a few days ago to help represent them.

All of these things is baffling and I wonder how this isn’t bigger news to the masses. But I think we all know why.

The why probably isn't the reason you think it is.

The why is because the average person finds all this boring and is too ignorant to understand the implications and doing articles on who may be the unmasked singer will get more clicks and ultimately pay the bills.

 

[SaintInBucLand]

This market has started to get a little too easy to read based off some morning signals, this is the 3rd time in 2 weeks I was able to turn some pretty small plays into very healthy gains on SPXW. This all while being net short with a large equity position on SPXS(which is the 3x bear ETF for the spy).

If you're not familiar with the SPXW it is basically trading options for the S&P directly, some brokers don't allow you to trade it like Robinhood, and others require you to put in '$spx' to locate it on their interface. If you think there is going to be a decent move on the spy that day 3-4 points or more, a $200 option on the SPXW can gain 5-7 times on a 4-5 point move.

I am still expecting a large pull back soon. That is why I am holding a large net short on spxs, but I will keep taking the easy to read bangers on the S&P all day long.

 

[Rickboy]

Looks like the Broadcom/VMware buyout is a done deal. It closes tomorrow. I expect up to 50% of VMware's staff will be cut on Monday. Fortunately, my business unit isn't expecting any cuts.

Broadcom plans to close $69 billion VMWare deal on Wednesday

Broadcom said it planned to close its $69 billion acquisition of cloud computing firm VMWare on Wednesday, wrapping up one of the biggest takeover deals in the technology industry that was closely scrutinized by regulators globally.

www.reuters.com

 

[Turfie]

This market has started to get a little too easy to read based off some morning signals, this is the 3rd time in 2 weeks I was able to turn some pretty small plays into very healthy gains on SPXW. This all while being net short with a large equity position on SPXS(which is the 3x bear ETF for the spy).

If you're not familiar with the SPXW it is basically trading options for the S&P directly, some brokers don't allow you to trade it like Robinhood, and others require you to put in '$spx' to locate it on their interface. If you think there is going to be a decent move on the spy that day 3-4 points or more, a $200 option on the SPXW can gain 5-7 times on a 4-5 point move.

I am still expecting a large pull back soon. That is why I am holding a large net short on spxs, but I will keep taking the easy to read bangers on the S&P all day long.

What has me confused is that I agree the spy looks due for a pullback. But…memes and low marketcap stocks in general are “due” for a major upswing event very soon based on past cycles.

Maybe this just keeps screaming up before the new year. With a pullback in the very near term before that.

 

[Turfie]

Archegos collapses. Bought by Credit Suisse.

Credit Suisse collapses. Bought by UBS.

UBS now asking for a private buyout.

Game of hot potato. I’m just curious what the potato is.

 

[DaveXA]

Archegos collapses. Bought by Credit Suisse.

Credit Suisse collapses. Bought by UBS.

UBS now asking for a private buyout.

Game of hot potato. I’m just curious what the potato is.

My guess it's a giant pile of sheet.

 

[Turfie]

What has me confused is that I agree the spy looks due for a pullback. But…memes and low marketcap stocks in general are “due” for a major upswing event very soon based on past cycles.

Kinda looks like we are in the middle of the meme upswing now.

 

[Turfie]

717 instances of fraudulent spoofing. Likely costing people/treasuries billions.

24 million dollar fine. And more importantly no jail time.

If I create a fake $100 bill I could be in jail for 20 years. I just don’t understand how these white collar crimes on Wall Street rarely ever result in significant jail time.