I really want to de-risk though.
1 Like
Da fuq?
Just catching up on this GME story and thatās my reaction.
1 Like
What DCF model do these Chadās use? 
1 Like
The Musical Chairs model. Itās not covered in the CFA curriculum, but it essentially tries to estimate a range around the timeframe that the music is expected to stop, then discounts that expected value at the rate of hubris.
5 Likes
What brokerages are doing to cut off demand for gme is disgusting. They are allowing hedge funds short sellers to cover when they need to be bankrupted for their stupidity. It all seems very shady to me to save these hedge funds dumb enough to short more than float.
2 Likes
Was shorting GameStop stupid? Or not covering stupid?
1 Like
I would never short. The math for it doesnāt make sense in terms of averages. Your upside is limited to the stock price of 0 but the downside is infinite.
1 Like
The whole situation reminds me of the lyrics of a classic NORE rap song āSuperthugā
You want to short the float? Short it, I donāt care 
And when you get squeezed, remember that I donāt care
Graybeard you keep getting cooler and cooler my Dogg!
1 Like
This song was frickinā dope dudeā¦
1 Like
I desperately tried to hear the part about āshorting the floatā, but all I heard was āWhat, what, what, whatā¦ā and something about New Orleans??? 
1 Like
Haha near the beginning they say you hate the law, break it I donāt careā¦ And when you get caught remember that I donāt care.
I looked up the lyrics and Iām still scratching my head on this one!! 
2 Likes
My beard is grey, this NORE jam was one of my go-to trading songs back in the day with the headset. That and Clutch āElectric Worryā were two of the usual market opening jams for me at the desk when I was grindingā¦ Do you guys do that too, or just me? I lived mainly off coffee and music when I was working in banks.
Itās funny how what is seen as market manipulation or criminal activity depends on who does the deed. When GS phucked their clients in the a$$ in '08 or when Steve Cohen clearly used inside information to gain an edge, they get a slap on the wrist. Not one executive went to prison for 2007-2008 shenanigans. Not to mention all the other shady stuff that has happened during the past 15 years. Iām not even bitter, I guess the world has been like this since day 1 but the double standards at play sometimes make me see red.
1 Like
Yeeeaaaahhhh, I donāt knowā¦sometimes things arenāt exactly what you think they are. Remember hedge fund dirtbag Martin Schkreli? The guy that once gained control of Turing and raised the price of a key antiparasitic drug from $13.50 to $750 per pill? He was once a moderator at WallStreetBets.
1 Like
I dont understand your point. Please clarify, tanks.
1 Like
Sure. My point is that the people on those forums arenāt necessarily the ninety-nine percenter, stick-it-to-the-hedge-funder types. Sometimes they are the hedge funders or other power players that I think you are talking about in your comment.
1 Like
Oh I see what you mean. Thatās possible, nothing is black and white. But Iād say that thatās still a pretty far fetched assumption. There are probably some power players in the mix but in aggregate itās a movement of Chads and Chadelettes.
1 Like