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This doesn't apply to DFV, but anytime I hear someone use the word 'stonk' in the context of investing (or participates in similarly-named forums) automatically gets ignored in my mind as clueless pikers because they're just so taken by tech-bro pop-culture memes and think they're just. so. awesome. and are likely operating from a herd mentality vs any semblance of serious due diligence.
C'mon @rforno...I'm thinking you know that the insanity was there all along since 07'-08'....it's all just one big casino, c'mon in...put your life savings in it and enjoy the ride (to be clear, I am joking not a recommendation for anyone!)...
Yellen borrowing short term bills thus injecting tons of liquidity,...markets are overvalued bigly based on just about any metric you want to look at...many believe they are being manipulated.
It's all one big shit show. At first I didn't like what these YOLO clowns were doing not I'm starting to cheer for them and am not sure if you're a ding dong like me rolling tbills out the wazoo or maybe just jump in the pool with a drink in hand and enjoy the ride...
I do think that guy is going to jail though pumping the stonk (apologies, couldn't resist)...but he seems to have some intelligence so maybe he knows/believes what he is doing is legal...
Oh there's always the piker mania and get-rich-quick schemes every few years - remember the daytrading rage during Dot Com? The housing bubble, another one. And so forth.
I just find it amusing in this case -- but I don't see the USG or Fed backstopping retail investors who lost $$$ on meme stocks based on whatever an influencer and/or the majority of a subreddit is buying at any given time. (I'm sure it's perfectly LEGAL for him to discuss his investments, though.)
BTW 'Dumb Money' was a recent movie about the guy behind DFV and the GameStop circus.
Stockers? An insect that suns itself and hums loudly atop a rotten log on the hottest days. When skies darken and a cool breeze picks up they disappear.
”The latest GameStop Corp. frenzy has coaxed a big critic of the meme-stock craze - and a notable loser back in 2021 - off the sidelines with a new short position. Andrew Left, the founder of Citron Research, placed a new bet against the video-game retailer whose stock price soared as much as 75% (GME) Monday after Keith Gill, an investor and meme stock influencer who goes by DeepF--ing Value on Reddit, showed a stake of five million GameStop shares.”
WSJ reporting that MS may boot Gill from ETrade over manipulation concerns, so I guess BBF was right, this time there might just be some manipulation afoot. (The article says MS is debating on what kind of retail blowback they'll get if they actually give him the boot.)
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Morgan Stanley employees, knowing that Gill is a customer, looked at his E*Trade account, according to people familiar with the matter. That sort of monitoring of clients is routine.
The employees saw he had purchased call options before the tweet, the people said. A call option gives a trader the right to buy the stock by a certain date at a stated price. At least some of those options expired that week, one of the people said. That meant Gill’s trades likely generated profits thanks to the stock move his tweet generated.
Morgan Stanley’s global financial-crimes unit and external counsel began discussing whether Gill’s actions were legal and whether the firm should cancel his E*Trade account, the people said.
Gill seems to be smart enough to know to know that " I am buying GME" after he bought thousands of calls is pump and dump but he probably thinks the images he posts on Twitter cannot be proven to have the same implications.
A screenshot like that would certainly look like pump and dump to me
Comments
Yellen borrowing short term bills thus injecting tons of liquidity,...markets are overvalued bigly based on just about any metric you want to look at...many believe they are being manipulated.
It's all one big shit show. At first I didn't like what these YOLO clowns were doing not I'm starting to cheer for them and am not sure if you're a ding dong like me rolling tbills out the wazoo or maybe just jump in the pool with a drink in hand and enjoy the ride...
I do think that guy is going to jail though pumping the stonk (apologies, couldn't resist)...but he seems to have some intelligence so maybe he knows/believes what he is doing is legal...
I just find it amusing in this case -- but I don't see the USG or Fed backstopping retail investors who lost $$$ on meme stocks based on whatever an influencer and/or the majority of a subreddit is buying at any given time. (I'm sure it's perfectly LEGAL for him to discuss his investments, though.)
BTW 'Dumb Money' was a recent movie about the guy behind DFV and the GameStop circus.
”The latest GameStop Corp. frenzy has coaxed a big critic of the meme-stock craze - and a notable loser back in 2021 - off the sidelines with a new short position. Andrew Left, the founder of Citron Research, placed a new bet against the video-game retailer whose stock price soared as much as 75% (GME) Monday after Keith Gill, an investor and meme stock influencer who goes by DeepF--ing Value on Reddit, showed a stake of five million GameStop shares.”
< - >
Morgan Stanley employees, knowing that Gill is a customer, looked at his E*Trade account, according to people familiar with the matter. That sort of monitoring of clients is routine.
The employees saw he had purchased call options before the tweet, the people said. A call option gives a trader the right to buy the stock by a certain date at a stated price. At least some of those options expired that week, one of the people said. That meant Gill’s trades likely generated profits thanks to the stock move his tweet generated.
Morgan Stanley’s global financial-crimes unit and external counsel began discussing whether Gill’s actions were legal and whether the firm should cancel his E*Trade account, the people said.
A screenshot like that would certainly look like pump and dump to me