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50 reasons to quit porn for the rest of the year

50 Reasons to Quit Porn forever in 2021
  1. Have better sex/ understanding of sex.
The biggest lie porn sells is that it’s fantasy world is filled with six positivity. What it doesn’t mention, however, is that the deeper the consumer dives into that fantasy world, the more likely the reality is to become just the opposite.
  1. It’s like a drug.
On the surface, cocaine and porn don’t seem to have a lot in common. But more and more studies are coming out showing that consuming pornography tricks your brain into releasing the same pleasure chemicals as other behaviors or even drugs
  1. Habits and addictions can escalate
Because of its addictive nature, in order to retain the same level of interest and excitement, an individual usually needs an ever increasing dosage of porn and constantly evolving material. overovertime their appetite escalates to more hard-core versions just to achieve the same level of arousal
  1. Improve behavior
sooner or later consumers start to find themselves getting aroused by things that used to disgust them or that go against what they think deep down is right. once they start regularly watching extreme and dangerous sex acts. these porn consumers are being taught that those behaviors are more normal than they actually are
  1. Form deeper connections.
The porn industry objectifies people. There’s nothing romantic or realistic about porn, and it seriously puts a disconnect between the consumer and reality. this makes it hard for them to have an intimate connection with a real person
  1. Appreciate your body
The make up, surgery, Photoshop, and acting that goes into porn gives us an unrealistic view of the human body and sexuality. we start to subconsciously compare ourselves to what we’re seeing, m causing overthinking and low self-esteem when it comes time to be intimate
  1. Appreciate those you’re attracted to
In addition to affecting the way we see ourselves , porn can cause consumers to under appreciate the opposite sex by training them to see others as sexual objects and not as humans with beautiful and unique features.
  1. Prevent sexual dysfunctions
Porn 90% of the time leads to less sex and less satisfying sex. for a surprising amount of consumers, porn eventually means no sex at all.but thankfully there hope. the cure is to quit porn and let your brain rewire and return to normal
  1. stop supporting sex trafficking.
The facts are clear the clicking porn directly fuels the demand for sex trafficking. there are countless victims of human sex trafficking who are forced to have sex on camera. even in the “legitimate” adult industry, porn performers are frequently victims of violence coercion and drug abuse
  1. Porn promotes violence against women
From making actors participate in unsafe sex to the countless real stories of performers speaking out about the rape violence and drugs behind the camera. there is certainly a dark reality to the industry. porn tries to normalize this exploitation.
  1. Porn can lead to violent behavior
The majority of mainstream porn is packed full of people, especially women,being physically and verbally abused. watching it takes a serious toll on the consumer. even the non-violent porn portrays a power difference between partners where men are in charge and women are submissive sex objects. learning this behavior can influence your mind significantly
  1. Increase your creativity
Porn clogs up your imagination with cheap content that disconnect you from feeling real passion and motivation
  1. Live a more honest life
Not every porn consumer lies about their addiction, but 90% feel shamed and obligated to hide it. whether they admit or not, they know that their partner wouldn’t like the idea of them sexually bonding to a computer screen. when you live a lie for long enough, you start to convince yourself of it as well. The more lies you tell, the harder it becomes to tell the truth about anything
  1. Free up some time
Porn consumers spend anywhere between a few minutes to a few hours daily consuming these harmful images. If you spent just 10 minutes a day watching porn, that’s over 60 hours at the end of the year you could’ve spent doing something beneficial to your life
  1. Find someone special
In porn, everything from the way people look to how and why they have sex is a lie. porn consumers often get so obsessed with chasing something that isn’t real that they miss out on actual relationships
  1. Be a better partner
Porn doesn’t just affect you, it affects your partner as well. A great deal of information exist for those suffering from porn addiction, but partners are often left feeling alone with equally real wounds of their own. partners of porn consumers commonly feel betrayed and neglected when their significant other chooses to share their sexuality with a screen instead of them
  1. Become a better parent
Children and teens these days are exposed to hard-core porn at a young age. be an educated parent who can inform your kids of the negative impacts of porn
  1. Become a better friend
Your porn habit can isolate you from valuable social time with friends, and the shame that comes with watching porn can cause you to be distant at social gatherings
  1. Maintain mental/emotional health
Being tied to a consistent porn habit requires you to spend a lot of time alone and can quickly make you uninterested in the every day pleasures of life such as having conversations with real people and being active
  1. Take back control
Research shows that one in five people who regularly watch porn admit to feeling controlled by their sexual desires. as a result, many consumers start feeling like somethings wrong with them because they don’t know how to be turned on by a real person. this only leads to watching more porn because it’s the only escape that works
  1. Be the author of your own sexuality.
With the exaggerated bodies in rehearsed scenes in porn, consumers can quickly lose perspective on their own natural desires as well as their partners. unplugging from porn will help you become more in tune with what you and your partner went instead of influencing you to reenact what you’ve seen in porn
  1. Increase sexual energy
Many people deep in their porn habit can often be too busy venting their sex drive through porn. they’re not going to have much interest in real sexual intimacy with a partner. you may have already experienced a lack of drive for the inability to perform with your partner but by quitting porn you’ll likely reclaim that natural energy
  1. Increase overall energy
It’s obvious the porn consumed your time and your sexual tension, do you think about how that doesn’t leave you with energy for much else, ejaculating every day takes away many vital nutrients that your body needs for energy
  1. Regain focus
People often watch porn as an escape when they become overwhelmed by the daily decisions of life.quitting porn allows you to assume responsibility and become accountable for your own goals
  1. Reclaim self confidence
A belief in yourself is a huge casualty of consistent porn consumption. people who feel they don’t have control over their porn habit often believe they are broken human beings with a damaged capacity to love and feel joy. these negative feelings come from your own negative feelings about porn mixed with your inability to quit or from any of the negative side effects that go with it
  1. Protect your marriage/ relationship
Whether you were currently married or one day hope to be, it’s a sure bet that porn is a poisonous ingredient in a marriage or any type of committed relationship. porn will lead to a broken family/relationship
  1. Save your money
Porn is a global estimated $97 billion industry with 12 billion of that coming from the United States
  1. Maintain your natural sexuality
Porn removes the concept of intimacy and emotional connection from sex. It teaches consumers that sex is about taking selfish pleasure rather than giving love
  1. Protect your passions
The more you consume porn, the less desire you might have for the things that previously got you excited .the things you once knew in life as fun now lack the shock factor that porn gives the brain
  1. Prevent sexual compulsion/ addiction
Porn can create a constant need for sexual material that needs to be fueled,but is never truly satisfied
  1. Don’t bond to a screen
Watching porn triggers the release of oxytocin tricking your brain and essentially bonding you to the experience of sexual release to pixels
  1. Prevent anxiety
When consumers feel like they have to be watching porn or can’t stop thinking about it, it creates serious anxiety. not to mention this anxiety can transfer over to the bedroom and contribute some porn induced erectile dysfunction. another form of anxiety occurs when a consumer gives into porn when he says he will never watch porn again, thinking he will never escape
  1. Prevent depression
Porn is often used as a self-medicating tool which only leads to feeling worse than before. when you feel bad about giving in to the porn, you go to the only thing that will make you happy again, more porn
  1. Live without shame
It’s pretty simple, no porn equals no porn fueled shame . no more secrecy and no more isolation.
  1. Increase productivity
A survey done on the no fab community observed that 67% of those who quit had an increase in energy levels as well as productivity
  1. Be better at your job
Quitting porn will boost confidence, motivation, and energy which will definitely help you at your job. there are real stories of people being caught watching porn at work.that would be a sad life to live
  1. Prevent STDs
Researchers have found that people who have seen a significant amount of porn are more likely to start having sex sooner and with more partners and to engage in riskier kinds of sex, putting them at a greater risk of getting STDs
  1. Be proud of yourself
Quitting porn is one of the hardest addictions to break. you can also stand out in the crowd and not be like most men today
  1. Better the world
By recognizing that porn is hurting you and others around you, you can spread knowledge to the world about the negative impacts of porn
  1. Ditch loneliness
Porn can fulfill feelings of loneliness in exchange for making them worse in the long run. porn promises immediate satisfaction endless excitement, and easy intimacy, but in the end it robs a consumer of all three
  1. Avoid normalizing violence.
It’s grown normal for 11-year-olds to be exposed to the most hard-core degrading content imaginable. imagine what that does to their expectations for real life relationships and true intimacy
  1. Respect others more
Choosing real love and choosing not to consume porn means that you’re that much better at respecting others and yourself
  1. Object to objectification
We fight against porn because people aren’t just the sum of their parts to be used and discarded without a second thought
  1. Ditch fake sex
Don’t take sex tips from an industry that profits from fake orgasms
  1. Protect children
By avoiding porn you’re avoiding the twisted and unhealthy fetishes of kids and teens and that is a great thing to stand behind
  1. Enjoy real, flawed bodies.
Photoshop isn’t something you can have in real life, but that’s a good thing. perfection means predictable and boring, but real flawed human bodies are unique and beautiful
  1. Avoid romanticizing unhealthy relationships
Real intimacy is a world of satisfaction and excitement that doesn’t disappear when the screen goes off. it’s the breathtaking risk of being vulnerable with another human being that makes intimacy so amazing
  1. Have realistic expectations for sex and relationships
Relationships are hard work. they aren’t always flawless and neither is the sex if it’s involved. It won’t be easy and perfect every single time. love can be messy but that’s the beauty of it. it’s real not synthetic. it’s natural not produced. real love is immeasurably better than porn because real love is exactly that- it’s real
  1. Believe in love
Sometimes when porn has clouded a consumers idea of what healthy relationships are and what real love can provide, they start to believe it doesn’t exist. some consumers have started to believe that real healthy love doesn’t exist and that’s not true. love is worth fighting for
  1. Choose real love
This is by far the most important reason to quit porn
So what are some ways to quit porn? A great list of things I do are below, but there are more. -Workout -take supplements like zinc, fish oil, l arginine, magnesium. -read -take cold showers -delete social media or only install it when you are around people -run -socialize -rewire with a girlfriend if you have one -Avoid artificial stimulation at all cost. If it’s pixels on a screen and it’s turning you on, avoid it. -stay busy -eat healthy and drink a lot of water - set goals
There are more, but these are some great ones I have been applying recently.
submitted by danielsilvernail to NoFap [link] [comments]

GME - EndGame part 4: The Saga Continues

GME - EndGame part 4: The Saga Continues
This is an extension of my DD series on GME. If you haven’t read them and have time, they will provide some background on my previous predictions, some of which have already come true. In this post, I’ll share my thoughts on what I think is going on, plus some tips to manage your positions and exits.
TL;DR: Shorts are in but likely want to get out. And they want to get out at the best price possible. See tips for managing positions.

Previous Important Posts

  • EndGame Part 1 (DTC Infinity) covered the short positions, the float, and potential snowball impacts of increasing prices, and argued that part of the reason that shorts haven’t closed was that it was pretty much impossible for shorts to close
  • EndGame Part 2 covered Cohen, fair market cap analysis, and potential investors, in which I talked about the amazing mid-to-long term potential for GME.
  • HEY SEC, if you’re reading please read this one - After the Citron tweet, I shared this fan fiction on what looked like blatant market manipulation by shorts on the day of the tweet, and offered some education on strengthening your position. This one got buried and is worth reading.
  • EndGame Part 3 covered the gamma squeeze, potential shady tactics by MMs, and some tips for staying safe.

What’s happening with the price?

We’re still gamma squeezing

Many media outlets are reporting this as a “short squeeze”. They’re only partially right, as if Melvin isn’t lying they’ve already been squeezed out.
However, the reality is so far we’ve been Gamma squeezing - repeatedly - and some shorts have been casualties along the way.
See this post for a deeper explanation, but the essence of it is that market-makers have to buy shares to hedge the calls they sell. The more calls people buy, the more shares they MMs have to hedge with. As I explained in part 1, GME has ultra low liquidity, i.e. there’s waaaay fewer actively traded shares than what shorts need to buy to cover with, and then when you get lots of people buying calls and shares in the hot new stock it just removes more availability from the market.
As a result, when MMs buy shares to hedge, it moves the price of the underlying up. Combine that with the buying pressure of people piling into a stock climbing 100% a day, shorts getting liquidated, and it’s a perfect storm.
Today, GME closed at $347 (before the after market selloff, but i’ll get to that soon).
320 calls were added yesterday. Similarly, when 115cs were added we squeezed to >115 in two days. Same story with 60c’s etc.
Remember this commentary from EndGame part 3 on Friday’s price action:
Notice how the stock dropped from a high of $75 on Friday to below 60 - the highest expiring SP for the 1/22 options, and stayed tight in range for the rest of the day. Now, for compliance reasons, MM are required to be neutral by EOD, so 20 minutes before close, MMs had to buy back all their short positions, which led to the strong close above 60.
All this led me to believe that the real fair market price for GME was above $65. Without the market makers interference, GME would have closed higher.
Now, what happened today? We opened at $351, more than double the previous close of $145 and after the morning profit taking, we squeezed to a high of $372 as MMs furiously tried to hedge the 320 calls they sold you the day before for peanuts.
See, the thing is, Kenny G doesn’t like to lose money. The magical method Citadel’s market makers make money, is that they sell you call giving you the right to buy shares at a certain price, say $320, for the nice price of $10/share (for example). Now, as long as Citadel’s MMs can buy all the shares they have to give to you for less than $320, that $10 is free money. However, when the underlying moves too fast, the MMs have to buy shares for more than $320, and Kenny G does not like that.
Today was a shock to the MMs that sold all the 320cs yesterday. A six-sigma event after a six-sigma event after a six-sigma event. Yet again, within days (a day?) of offering new, higher strikes - every call option ever sold was in the money, before they had a chance to adequately hedge.

https://preview.redd.it/cq5wy45433e61.png?width=936&format=png&auto=webp&s=0c75a1e1a6e3808b54bafc646e2e6a7f29ca7cc3
So, just as on Friday, if the price got too high above $320, market makers dug into their bag of tricks to start selling it off. (People taking profits here helped too.) However, multiple times, when GME went below $300, MMs took their opportunity to hedge the 1/29 calls. So, just as before, we traded in a tight range around the highest strike.
My conclusion from this action the first time was that GME’s fair price was being actively suppressed, and it proceeded to 5x in the next few days. There’s a possibility we’re in a replay and will see more upward movement on delta hedging alone.
The point of this is: I think shorts are feeling the squeeze, for sure, reporting massive mark-to-market losses. But I believe the shorts are still in.

Shorts are still in

As of Wednesday morning, Ortex was estimating a short interest of 65M shares, down from 71M shares the day before.

https://preview.redd.it/ze8wx15633e61.png?width=932&format=png&auto=webp&s=7a034dbb3c54509c6267f20c4122ecdf3f6cf4bc
If you’ve read my Part 1 (DTC Infinity), you’ll hopefully recall my thesis that there are actually less than 24M shares available, and therefore that it would be nigh impossible for shorts to close. Since then a slew of new investors have piled in to buy and hold GME, from little guys like us to big-ass-whales like Blackrock increasing their holdings to 13% of GME.
So what? I think the available shares for shorts to buy are down to under 20M, and they have to buy 65M shares to close. Shorts have barely begun to cover. We’ve only been increasing the cost of their exits!
Now, let’s talk about Melvin Capital. I loved watching Chamath defend retail investors and argue against the institutional leveraged shorting that got us here in the first place, but I also learned something interesting that helped me understand how the 140% short interest had in the first place, and how the unwinding may go.
At 2:10 Chamath saysGabe Plotkin is one of the giants of our era, but at the end of the day, what happens is that his trades are copied by umpteen other hedge funds that follow along
This tells me 2 things:
  • A lot of hedge funds (likely Maplelane, D1, Viking, Point72, and more) followed each other into this short. Much like retards like us get behind good DD shared in the open, these institutional retards got together with their cigars and golf clubs behind closed doors and decided together to go in together against GME.
  • If Melvin is really out, it’s unlikely the other funds are going to want to stay in, lest they be compared poorly to Melvin if GME continues to go against them. The other shorts want out.
Chamath also tells us that prime brokers (the brokers that hedge funds use) are seeing “the biggest 4-day degrossing from hedge funds they’ve ever seen”.
Again, the problem is - there just aren’t enough shares. Shorts have dug themselves a massive grave by shorting more shares in existence and continuing to short while Cohen grabbed up 9M shares, institutions added to their positions, and retail traders piled in.
For boomers like this tard that can’t understand why the price is so high - go back to Econ 101, supply and demand bitch.

It’s costing shorts incredible $ to hold their positions

Here’s all the ways shorts are losing money.
  • They pay borrow fees to loan the stock. At one point today, the GME stock borrow fee hit 250% for new borrows. At $300/share that’s $2/day. That doesn’t sound like much right? What if you shorted at $50?
  • The short position on GME has ballooned to $25BN from a low of $1B. The borrow fees are applied to the latest closing price, not the price you shorted at.
  • Funds are paying interest fees on the margin they are using for the short
  • And oh yeah, GME’s up like 800% in 5 days.

Dirty tactics continue

At this point, I think “THEY” have figured out that gamma squeezes are absolutely destroying hedge funds. So what do they do?
  • THE BIGGEST DIRTIEST TACTIC OF ALL - they only allow you to sell, not buy. HEY SEC, WHY ARE SHORTS STILL ALLOWED TO SHORT WHEN LONGS ARE NOT ALLOWED TO BUY. WHY ARE INSTITUTIONS ALLOWED TO COLLUDE?
    • This is insane. Funds, prime brokerages, and market makers all stood to lose money so they disabled trading of GME due to "volatility". Citadel invests in Melvin capital. Then brokerages shut down buying!
  • Brokerages down
  • Options not loading
  • Restrict retail trading on GME
    • I’m seeing reports that retail buyers not allowed to hold more than 100 GME options now
https://preview.redd.it/is4qn8n733e61.png?width=512&format=png&auto=webp&s=741f80fc182e27584954691ebb581ffee15f86ef
  • This is a direct defense against more gamma squeezes and an attack on retail investors, giving institutions a distinct advantage.
  • HEY Shortsellers Enrichment Corporation - how is it ok for Citron to buy thousands of puts minutes before their tweet and how is it ok for prime brokers to give hedge funds 10-100x leverage, but the little guys can’t have more than 100 options total?
    • Personally, I don’t really do 100s of options all at once but now I really want to. Fuck this.
  • More short ladder attacks. Look at after-hours trading on GME - a rapid short ladder attack during low-volume trading in order to bring the price down.
  • If you use stop losses on GME and leave them on, you will get stop-loss hunted.

Ripple effects of the squeeze
  • These hedge funds that are short GME, are also short other equities like BBBY, AMC, etc.
  • These hedge funds are also long other shares with leverage, so the ONLY way they’re staying alive and not covering their shorts, is that they’re reducing their long leverage. This means selloffs in the broader market as they have to shore up their margin requirements against the massive short squeezes in their portfolios.

I believe we’re at a tipping point

  • I don’t believe shorts have really covered yet. They have defended by getting capital infusions and reducing their long leverage. I.e. they have begun liquidating long positions.
  • If GME climbs more, they will be forced to cover and liquidate.

Things to be careful about

As you can see, this is no easy win. In addition to the suggestions I wrote about in this post, here’s some things to be careful about.
  • There are threats to halt trading. Shares are safe, they do not expire. Calls can be destroyed by tactics like buying halts.
  • Be careful about swapping ITM calls for OTM calls: it can be tempting to trade-up your options for higher return, but be mindful of the delta impact. You may actually be driving the sale of shares by MMs when you don’t mean to. For example, if you sell a .5 delta call for 2 .2 delta calls, that’s net reduction of 10 shares that MMs have to hold long as leverage.
  • Be careful about being short any calls this week: Not only do you limit your upside (which is dumb in the prospect of a squeeze), you could end up in a nightmare scenario. A call that ends OTM on Friday could end up ITM after hours if you didn’t sell it, and you may get assigned while the underlying continues to go up. Close spreads if your short legs are deep ITM unless you want to risk early assignment and high hard-to-borrow fees.
  • There are a few other dirty tactics shorts can play. I’m not specifically going to share them here because I don’t want to give the ideas circulation, but
    • Choose your own limit sells based on personal sell points. Don’t copy others and don’t try to be memey. Make your own decisions.
    • Stop sharing your positions publicly. I know this is anti-wsb, and I think sharing them is great for this community, but in the case of GME it’s an attack vector for you.
  • Be careful of holding weeklies until expiration. Remember the multiple trading halts? What if trading gets halted on Friday at 2pm and doesn’t resume for the rest of the day? All your 1/29 calls would expire worthless. Depending on your broker and your cash positions, maybe even your ITM ones. Roll (or sell, if you’re taking profits) your weeklies well before expiration.
  • Be careful about buying on margin. Brokers are rapidly increasing margins. If you bought on margin with 2:1 leverage, and the stock went up 100%, you’d be in margin call even without a margin change. If the broker moves margin against you, you’ll get to margin call faster.
  • Don’t bet more than you can afford to lose. I’ve been in GME long enough to know that just when you think going up is a sure thing (remember last Monday with the short sale restriction?), you can be surprised by a new trick. If you bet it all on weeklies all at once, you may not be able to recover from being wrong on the timing. Consider longer expiry or spreading your purchases out. I’ve held through multiple 30-40% drawdowns in the underlying; and held through a 50% drawdown today, so you need to be ready for the volatility.
  • Watch out for stop loss hunts. It’s common practice for shorts to hunt for stop losses for cheap shares. If you’ve set a stop loss, be really sure about it.
  • Don’t sell on dips. You’re only helping the shorts. If you need to sell to take profits, sell when it’s heading up. Sell high, not low retards.
  • Save dry powder to buy on dips. Dips manufactured by shorts are buying opportunities. Take advantage of folks with paper hands to capture shares at low points. GME has incredible daily volatility. Set a low limit buy and just wait for the order to fill. Have patience when buying.
This is not financial advice; do your own DD. I’m holding over $1M in shares and calls. I AM NOT SELLING WHEN THE BUYING MARKET HAS BEEN REMOVED. YOU ARE BOUND TO NOT GET A FAIR MARKET PRICE.
Update New ortex data shows 51M short interest. So the covering has begun.
Update 2: what you are seeing in the price drops is likely the gamma squeeze in reverse. People are rightly selling their short term calls, so MMs are selling shares they bought to hedge. That drives the price down, which then causes more de-hedging. This is all a manufactured selloff by elimination of ability of people to buy the equity and should absolutely be investigated. It's very likely the big boys knew the buying restriction was coming and started the selloff last night.
Update 3: getting angrier by the minute. Reviewing the volume and price action and shorts bought in volume at the absolute bottom. This mothefucker, Steve Cohen, who bailed out Melvin and previously accused of insider trading is now GLOATING after this blatant trick https://twitter.com/StevenACohen2/status/1354864321134735360?s=09
submitted by FatAspirations to wallstreetbets [link] [comments]

Wall Street Journal New Article about Reddit Investing - "BlackBerry, AMC and Other Reddit YOLO Favorites That Aren’t GameStop"

BlackBerry, AMC and Other Reddit YOLO Favorites That Aren’t GameStop

A frenzy from online traders is sending shares of some companies soaring

On Reddit forums, ordinary investors are swapping stock tips.
It isn’t just GameStop.
Shares of the Texas-based videogame retailer surged as much as 145% on Monday alone, before giving up most of their gains to end up only 18%. But GameStop Corp. is far from alone in going vertical this year.
Everything from a hydrogen battery maker to a struggling movie-theater chain have rocketed in the past few weeks. Behind the swings, many see ordinary investors, stuck at home in the pandemic, swapping tips and hatching trading strategies on online forums like Reddit’s WallStreetBets—often buying things Wall Street has bet against. Many tout their long-shot wagers with the expression “YOLO,” or, “You only live once.”
Here’s a look at what else has their attention:
AMC Entertainment Holdings AMC 8.71% Inc.
Shares of the movie-theater operator have risen more than 30% this week after the company announced a $917 million financing deal to avoid filing for bankruptcy. But day traders’ enthusiasm for the company had already allowed it to sell millions of dollars’ worth of shares last year, helping raise much needed cash.
BlackBerry Ltd. BB 1.50%
Security software and service provider BlackBerry is another stock with a notable short position finding support online from individual investors. Shares have climbed around 25% this week, leaving many analysts scratching their heads. The company said Monday it wasn’t aware of any material developments or change in its business that would account for the recent jump.
NIO Inc. NIO -0.43%
The Chinese electric-vehicle maker has received enduring interest from individual traders on social media platforms including Discord and Reddit, sending shares of its ADR up more than 1,000% in the past 12 months. NIO now ranks among the world’s top five auto makers, with a market capitalization around $96 billion. The company delivered 43,728 vehicles in total last year. That compares to around 449,000 deliveries by Tesla Inc., TSLA 0.40% and more than 9 million from Volkswagen AG .
Palantir Technologies Inc. PLTR -1.27%
Data-analytics firm Palantir Technologies’ shares have soared over 260% since the company went public back in September, making it one of last year’s best performing stock offerings. The company has also become a favorite of individual investors posting online, who like it because of the exposure to big data and government contracts. Later today, Palantir will show off the latest developments in its software to the public for the first time ever, a move some analysts expect to have positive ramifications for the stock.
Plug Power, PLUG 10.82% Inc.
Shares of hydrogen battery maker Plug Power have gained more than 370% in the past three months, powered by investors eager to cash in on the green economy. Individual investors online lauded Plug Power as the next big thing after South Korea-based SK Holdings Co. invested $1.5 billion in the company earlier this month. Others are less optimistic, with hedge funds including Kerrisdale Capital Management betting against the stock, saying hydrogen batteries face numerous challenges including efficiency and safety.
Bed Bath & Beyond Inc. BBBY 18.42%
Shares surged as much as 50% Monday before paring gains and are now up around 70% in 2021, even after the home-goods retailer this month reported third-quarter earnings per share of 8 cents, short of the 19 cents analysts expected, along with a 5% drop in revenue from the same period last year. Online traders point to an early 2020 change in management and the fact that the company is buying back shares as signs that the share price will continue to increase.
submitted by ConnorPRose to investing [link] [comments]

GME Short Squeeze and Ryan Cohen DD for Jim Cramer, The (Man)Child Who Wandered Into the Middle of the GME-Cohen Movie 🚀 🚀 🚀

The Dude: It's like what Lenin said…you look for the person who will benefit, and, uh, uh...
Donny: I am the walrus.
The Dude: You know what I'm trying to say...
Donny: I am the walrus.
Walter Sobchak: Shut the fuck up, Donny! V.I. Lenin! Vladimir Illanich Uleninov!
Donny:What the fuck is he talking about, Dude?
Hello again, GME Gang. What a fun day we had yesterday! Could it continue today? Only Melvin Capital (and maybe Ryan Cohen) knows!
And an extra special hello today to our newest WSB lookie-loo, Mr. Cramer (Can I call you Jim? I’m gonna call you Jim).
Now Jim, from what I’ve been able to gather, you and your Boomer stocks and your Hot Manic Takes don’t always get a lot of love around here. But that’s not all your fault, Jim. The Paste-Eating Rocket Kids are often good for a solid meme (FYI: it’s pronounced “Mee-Mee.” Feel free to use that on air without verifying). But the Rocket Kids can be a dense bunch and they’re also often one click away from Total Financial Ruin (Quick shout out to SPCE: Pleas fly again). So you have to dig a bit in here to separate the wheat from the chaff, as someone like you actually says in real life. What the fuck even is chaff, Jim? And why do all Boomers seem to think that folksy farm-based idioms are the perfect way to conclude a thought?
Anyway. Those of us who watched your teevee clips last week where you reference your interest in WSB know that you, Jim Cramer, might be one of the Olds, but that you also Think Young(TM). https://www.thestreet.com/jim-cramestock-market-advice-moderna-boeing-fed-ftc-dec-15. So we’re going to do our best to help your young-thinkin’ brain find the Needle In the Haystack here so you can get All Your Ducks In a Row on GME. Because we know that you’re a long way from being Put Out to Pasture, and though you may be an out-of-touch millionaire prone to facile yammering, we now like you here, Jim—simply because you mentioned us and that made us blush a bit since we’re needy Millennials who just want our Boomer mommies and daddies to Tell Us They’re Proud of Us. So even though the Paste-Eating Rocket Kids here are often Buying A Pig in a Poke (Christ, please do not ever say that or the kids’ Mee-Mees are gonna fuck you up), we appreciate you recognizing that, every now and then, there’s something worth paying attention to over in this weird little pocket of the Interwebs. And since you’re actually telling your loyal single-finger-typin’ viewers to check out this WSB shitshow, and “if they’re running GME, then do some work on GME,” we assume you might actually be checking this shit out too, since all true Young Thinkers know that What’s Good for the Goose is Good for the Gander.
Now, is the GME play as solid as your recent recommendation to buy Bed Bath and Beyond? Who knows? That seems pretty stupid, and I would look it up myself this weekend but my nice little Saturday is already pretty full so I don’t know—I don’t know if I’ll have enough time. But I’ll tell you one thing: the GME play is a lot more fucking fun. Life in a pandemic is boring, but here in this weird WSB place, these kids like fun. And for all your Boomer weirdness, you seem like you still like to have a little fun in this Mad, Mad world of ours. So consider joining us here more often. A word of warning, though: if you don’t like all the dern cuss words we use around here, Jim, well that’s just, like, your opinion man, and we’ll have you know that the Supreme Court has roundly rejected Prior Restraint.
First thing’s first: we have a bit of a bone to pick with you (now there I go). The stuff you said last week about GME as the next Blockbuster was D-U-M dumb, Jim. You were a bit out of your fucking element with that. You even made our largest shareholder and conqueror-in-waiting, Mr. Ryan Cohen, send an emoji-only tweet in response, which if you know the super nice-guy Ryan Cohen like all of us do (we actually know nothing), that is pretty much the equivalent of him bringing his dog over to micturate on your and George Sherman’s rug.
Now, I myself have never been into the whole brevity thing, but I wanted to take this opportunity to get you up to speed on the GME movie you’ve wandered into. And I know you’re down with this because you told all your viewers that if WSB is talking about GME, then “make sure you know GME.” So before you say something Absolutely Mad again and Cohen sends a tweet with an even less ambiguous emoji, it’s high time that you start Making the Sure here, Jim. Just consider this to be CPT Hubbard delivering you some Orange Sunshine and turning you on to some of that Sweet, Delicious Non-Chaff Wheat you love so goddamn much.
Part 1: GME’s Bonkers-Ass Short Interest
Now, I’m going to lead with the most crowd-pleasing part of the story here (Get ready, Rocket Kids!), and it’s the one that you did not even seem remotely familiar with in your “Stay out of GameStop, Deadbeat!” rant last week. Maybe that was by design or maybe not. We’ll return to that, Jim. But the point here is: the short interest here is batshit insane. And not just your garden variety Boomer in Rolled Up Sleeves Ranting About Buying Estee Lauder While Hitting Buttons On The Beep-Bop-Boop Machine kind of insanity. Really and truly fucking nuts.
So to TL/DR this shit for you, Jim (to use the parlance of our times): GME is the most shorted stock trading today—by far. https://financhill.com/most-heavily-shorted-stocks-today How shorted? Well, the value of shares short exceeds the market cap of the company; there are currently more shares short than the total number of shares outstanding. And when factoring in the institutional and insider ownership, the total short percentage of float is nearly 300%. https://www.gurufocus.com/term/FloatPercentageOfTSO/GME/Float-Percentage-Of-Total-Shares-Outstanding/GameStop-Corp Even higher, actually, now that Cohen’s interest is over 10%. Now, I’m not a numbers whiz like you, but that level of short interest and the small available float seems pretty fucked up to me. Like: “how is that even legal?” fucked up. And just for a frame of reference, the third most shorted security right now is your beloved Bed Bath and Beyond, with a short percentage of float at a nice and tidy 69%.
Are you starting to gather why some of us in this weird little pocket of the Interwebs are a little excited about GME? You see, as u/Jeffamazon and RodAlzmann u/Uberkikz11 and others have explained in these here corners and on the twitter machine with their top-notch DD, and as I will translate to you in lingo you can dig, the short sellers got way over their skiis on this one expecting a bankruptcy in Spring of 2020 that never came. And yet, amazingly, the short interest has only increased since then—there has effectively been no covering in the aggregate and, in fact, the short percentage has only gone up. And now, on the threshold of 2021, we all sit atop a massive powder keg wondering what is going to be the thing that finally lights this shit up. And at the end of this little missive, I’m going to tell you what I think that thing might be (Spoiler: It’s Ryan Cohen! Better start getting used to seeing his name, Jim, because this dude does not fuck around and he’s not going anywhere).
https://www.reddit.com/wallstreetbets/comments/k4csaa/the_real_greatest_short_burn_of_the_century_part/
https://twitter.com/RodAlzmann
https://thecollective.finance/2020/10/gamestop-gme-a-squeeze-to-44-from-14-can-be-justified-fundamentally-100-of-the-shares-are-short-watch-out/
Part 2: GameStop Isn’t Going Bankrupt and People Actually Want to Buy Shit There
So, you foul mouthed little prick, a bonkers-ass short interest is neat and all, but why is Jim Cramer wrong when Jim Cramer compares GME to Blockbuster you might be asking yourself in the third person. First, the most obvious answer, Jim, which you should fucking know already: Blockbuster was nearly $1 Billion in debt and missing debt payments left and right when it was delisted way back in 2010. That was also when there was a bit of a credit crunch, if you recall, right after that whole Housing Crash Unpleasantness that you saw coming from a mile away and from which you made hundreds of millions of dollars due to your contrarian foresight—I’m sorry, I’m clearly confusing you with Christian Bale starring as Dr. Michael Burry, weirdo head of Scion Asset Management, which also holds about 1.4M shares of GME (You really gotta start looking into this stuff, Jim. This story is made for TV, man—and you Boomers were raised by TV and you turned out TV!). Also, in 2010 when Netflix is ripping and when Blockbuster was about to be delisted and bankrupt, an analyst noted the obvious fact that Blockbuster had “nothing on the horizon that makes it look like Blockbuster is going to be more profitable.”
https://www.reuters.com/article/us-blockbusteblockbuster-wins-debt-reprieve-forced-to-delist-idUSTRE66052720100702
But Jim, if your Blockbuster comparison has any plausibility, GameStop must have a major debt problem then, right? And yet just last month GameStop repaid $125M in debt several months ahead of time. It’s also really weird that over the past year management bought back a ton of shares, taking the OS from 102M down to just under 70M (making a short squeeze even more likely, my Rocket Children). The weirdness continues with a soon-to-be-bankrupt company holding almost $500M in cash on hand. And according to George Sherman’s “Thine Omnichannel Shalt Be The Omni-est Channel of Them All” Conference Call following Q3, by March 2021 GME will have retired a total of $500M in debt and returned $200M to shareholders through stock buy backs. I’m no expert here, and I do not presently own a Beep-Bop-Boop Machine, but that’s all pretty weird shit to be doing if you’re about to go bankrupt.
No, no – I get it: who the fuck actually looks at balance sheets anyway before spouting off about what a stock is going to do? I sure as hell don’t. That’s why I follow my man u/Uberkikz11, since that dude is a GME DD Encyclopedia and was born to crunch numbers. No, when Really Smart People make the Blockbuster comparison, it’s usually just Mouth Sounds for: A B&M Store That Used to Be Popular But Now Is Not Because Technology, QED. But here even the Really Smart People might be missing something as well. They’re right in the sense that GME must use this new console cycle window and cash influx to quickly pivot to a tech-first gaming company (more on that and our boy RC shortly!), but they’re wrong on the timing and relevance of this Super Smart Insight.
So fine, they’re doing ok on debt and cash. But who even goes to that 90s-Ass-Looking Cluttered Mall Geekery anymore anyways? I confess: in my darkest moments, as the short sellers manipulate the fuck out of this stock and I curse the names Bell and Sherman, I too have wondered this. But it turns out that, just like I have no idea why anyone listens to Maroon 5 or eats at Applebee’s, apparently a lot of people in America do shit that I do not. Crazy huh? So here is some pretty neat data showing us how out of touch we might be here, Jim:
First, when a pretty large sample size of people were recently asked the question: which of the following stores or websites do you plan to buy holiday gifts from? The #5 response from United States Americans was none other than GameStop (Ticker, Jim: GME). Only Walmart, Amazon, Target, and Dollar Store (poor people buy gifts too, Jim) were ahead of little old GameStop. That’s higher than Nike, Macy’s, the Apple Store—and double the response of Bed Bath and Fucking Beyond in every category they surveyed. Check it: (h/t to my man u/snowk88)
https://stocktwits.com/snowk88/message/260983915
That’s kinda crazy huh? See Jim, when you Think Young(TM), you really can learn something new every day. And by following our man u/snowk88 (@snowk88 over at stocktwits), I learn lots of cool shit. But guess who already knew that? The guy that wrote this bad-ass letter that identifies GME’s brand and customer data as being one of the most valuable things GME has going for it. https://s.wsj.net/public/resources/documents/RC_Ventures_Letter_to_GameStop.pdf
So now we know that Real Life People actually buy shit at GameStop here in the year of our lord 2020. But like that analyst from 2010 said about Blockbuster, there must not be anything on the horizon for GameStop to be more profitable in 2021, right?
Now, I will admit that being a bit bearish on GME in December of 2020 would make more sense if, say, GameStop were the nation’s largest purveyor of limp and half-lit pumpkin spice-scented candles and we were exiting the apogee of Shitty Candle Season. But as it turns out, GameStop is currently selling basically the most sought-after items that exist in the marketplace right now—where demand for the Xbox and Ps5 is far outpacing supply and is projected to continue well into 2021. https://www.gamesindustry.biz/articles/2020-11-17-microsoft-expects-xbox-series-x-s-shortages-until-q2-2021 I don’t really need to get into the details on that here, because it’s pretty goddamn obvious, but I think 2020 GameStop at the precipice of a new console cycle might be in a bit of a better position than, say, 2010 Blockbuster relying on the latest Adam Sandler release to lift its sagging rental numbers. But I don’t know. Millions of people don’t watch my show looking for Candid Analysis from me and my folksy man-of-the-people-lookin’ rolled-up sleeves.
Part 3: Ryan Cohen is the Sword of Damocles Hanging Over the Short Sellers’ Dumbass Heads
And now we’ve gotten to the best part. It’s my favorite part of all of this, Jim, and if you give this a little time, I think it will be yours too. You see, all that corporate bla bla bla about balance sheets and console cycles and early debt repayment and overleveraged short sellers and brand recognition is neat and all—and definitely worth a second look by itself. Maybe even a little Beep-Bop-Boop on the ol’ sound machine—I don’t know your methods. But the real thing that’s about to rip all our faces off here is the business and investment decisions of a mild-mannered wunderkind named Ryan Cohen.
Now you can revisit my prior epistle if you want to know a bit more about the involvement of Mr. Ryan Cohen in Le Affair GameStop. https://www.reddit.com/wallstreetbets/comments/kakxrm/gme_tribe_a_story_about_how_ryan_cohen_is_about/. My fly-by-night theory of his lawyer’s possible use of the consent solicitation could have probably marinated for another day, but the thrust of my argument there was that Cohen and his attorney have been laying the groundwork to come after GameStop for a while now. And that Cohen was likely emboldened by the humiliating, lame-ass CC performance by some dude with a mid-century comic-strip sounding name that we’ll all soon know only as: The Guy With the Punchable Face Who Used to Be CEO of GameStop.
But here is where things get really interesting. This is a story in the making, Jim, for fucks sake - take notes! This Monday, on December 21, Mr. Ryan Cohen filed a revised 13D showing that last week he started buying a shit-ton of shares—starting on Tuesday December 15th—which is the day after the stock price inexplicably plunged on Monday the 14th and the very same day you were yammering on the teevee about GME being Blockbuster! Instead of listening to you, however, Cohen started buying more GME shares (super-sleuth dark pool watchers u/rgrAi and u/snowk88 noticed in real-time that there was some very large accumulation taking place), which culminated in the big reveal that Cohen purchased a total of 2,501,000 additional shares last week—500,000 of which were purchased on Friday December 18, 2020 at the price of $16.02 a share. Ryan Cohen is still the single largest shareholder of GME with 9,001,000 shares in total, taking his ownership of GME above the 10% threshold from 9.98% to 12.9%. And so he apparently thinks that the floor for his investment is $16.02 per share. Is he still buying? We’ll know soon. But yesterday seemed like a little taste of what it might look like if a large buyer steps in to prevent short sellers from manipulating all of my nervous little Rocket Children here and their delicate little paper hands.
There was another thing we learned from this 13D filing: Ryan Cohen has apparently hired a new attorney and law firm. Instead of the great Christopher Davis of Kline Kaplan, now Ryan Cohen is represented by Ryan P. Nebel, a partner with Olshan Frome Wolosky, LLP. Now, if you’re familiar with my prior ramblings, you might wonder if I was a bit confused, and maybe even a little sad, at this sudden change from my man C. Davis. And you might be a little right. But then the wonder of the internet allowed me to learn a bit about these new lawyers. And holy shit, things are about to get fun.
Now, I liked what I knew about Chris Davis and he seems like a genuine bad ass activist attorney. But the folks at Olshan Frome and Wolosky, LLP are Next Level Players and really seem tailor-made for this exact situation. First off, Olshan is ranked as the top global lawfirm for Activist Attorneys. https://www.olshanlaw.com/assets/htmldocuments/Bloomberg%20Activism%20League%20Tables%20H12020.pdf (H/t @flummoxed at stocktwits). They seem to be the go-to law firm for major proxy battles initiated by activist investors. But possibly even more important is that Olshan is the same firm that represented Hestia and Permit in their successful proxy battle earlier this year to appoint two new directors to the GME Board. I’m not going into the fine details of that, because this is already a bit of a long-form Idiot’s New Yorker article, but GameStop just went through a proxy fight last year with Activist Investors Hestia Capital and Permit Capital, which resulted in two Board seats for our shareholder buds from Hestia and Permit. So, it’s reasonable to assume that the attorneys at Olshan might know their way around GameStop at this point and where the pressure points are here.
http://www.globallegalchronicle.com/hestia-capital-and-permit-capitals-two-new-directors-to-the-gamestop-board/
https://www.olshanlaw.com/resources-mentions-HestiaCapital-PermitCapital-GameStop-BoardofDirectors-ShareholderActivism.html
And if you follow u/snowk88 over at stocktwits (@snowk88)— you’d also find a wealth of DD on how Olshan rolls when entering these activist-investor-replaces-dumbass-boards-and-CEOs type disputes. To bottom line it: they get it fucking done.
https://stocktwits.com/snowk88/message/266158534
https://stocktwits.com/snowk88/message/266155112
https://stocktwits.com/snowk88/message/266153175
But what else did we learn from the 13D? We learned that Ryan Cohen is definitely not going anywhere any time soon. Specifically, the filing notes that RC Ventures intends to continue to engage in discussions with GameStop’s board “regarding means to drive stockholder value, including through changes to the composition of the board and other corporate governance enhancements." And while RC Ventures “desires to come to an amicable resolution with [GameStop, it] will not hesitate to take any actions that it believes are necessary to protect the best interests of all stockholders.”
I really like that last part, don’t you? And although I thought his November 16th letter was pretty goddamn clear, this 13D just ratcheted up the transparency level here. In sum, Ryan Cohen has all of our backs and he’s going to replace this Board and Sherman with people that are on the level and that will help implement his vision.
And now seems like a good time to return to those “Ryan Cohen: Boy Genius” articles that were definitely NOT part of a well-coordinated pre-hostile takeover media campaign initiated earlier this year. I think there might be a few things in those articles that Mr. Cohen wanted all of us shareholders (as well as the short sellers and the Board he’s about to replace) to really and truly understand. Recall also that Cohen is not one for diversification or for playing it safe. So here’s a few choice nuggets for you to ponder:
***
Bloomberg, June 2020: https://www.bloomberg.com/news/articles/2020-06-05/chewy-founder-cashes-out-bets-on-apple-wells-fargo
· "It's too hard to find, at least for me, what I consider great ideas," he says. "When I find things I have a lot of conviction in, I go all-in."
· Cohen uses the word “conviction” a lot. He says it’s something he learned from his father, who ran a glassware importing business in Montreal where Cohen grew up. “He taught me how to block the noise from the masses,” says Cohen. “To have a point of view and have conviction and not waver.”
· He wouldn’t, however, recommend his [non-diversified] investment approach to everyone. “You need to have the temperament to block the noise,” he says. “Sometimes it feels like a roller coaster.”
· He likens his obsessive focus on building Chewy to his approach to stock picking. "I don't want to swing for a single," he says.
***
You hear that, Jim? Our man Cohen likes idioms too! But fuck those farm idioms, Jim – we’re upgrading to the Sportsball kind now. So what’s the takeaway here? I’d say that Cohen has his Eye On The Ball and that it’s time for all short sellers and the Board to Throw in The Towel because Ryan Goddamn Cohen likes to Take the Bull By The Horns and will ensure that he Hits a Homerun for shareholders that believe in his vision.
Here’s a few more things Mr. Cohen wants all of us to know:
***
Forbes, August 2020: https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=41e1370e5840
· “For me, each no sounded like they just didn’t understand my vision. It was frustrating at times, but never discouraging. Those ‘no’s never made me doubt my strategy – it was the opposite. I was motivated by all the rejections and they just got me fired up.”
· “I understood that thinking big was likely going to be misunderstood along the way. I’m contrarian by nature, so being misunderstood often validates what I’m doing. It wasn’t until Chewy boxes were on doorsteps across the country that the bulk of investors started to recognize our formula.”
· “[M]y biggest risk would have been not taking risk. The risk of going head-to-head against Amazon. The risk of insourcing fulfillment. The risk of building a company in Florida rather than a popular tech hub. The risk of spending $3 million a month on TV ads, more than Home Depot HD -0.1%'s budget. The risk of hiring expensive executives even though we weren’t profitable. These decisions were some of the most controversial and required me being comfortable betting against conventional wisdom, and were often contrary to the advice of my board. Suffice it to say, I was not the most popular board member.”
· “Dad never swayed when he believed in something. I never compromised my vision, regardless how many investors turned me down I was not going to give up on building Chewy into the world’s biggest online pet retailer. I love to be challenged, and I’m flexible on details, but I’m never willing to give up.”
***
Goddamn it, Ryan. I was done having children but now you’ve forced me into getting back on that train just so I can name this future child Ryan Fucking Cohen. Thanks a lot, asshole.
But to return to my point: are those the statements of a man that seems likely to walk away at this point? Or is Cohen trying to tell us all to get ready because he is going All In on this shit?
So where does this leave us? After a huge week where Cohen buys 2.5M more shares and then the SP skyrockets to $20 yesterday on that news? Well, this is where I want to tip my cap to my man Justin Dopierala over at Seeking Alpha and allow him to conclude this section. He, along with his pal Dmitriy Kozin have been pretty clear-eyed on all this shit for a while now and they both deserve some credit. And I know I gave my main man Justin a bit of a hard time in my last novella, but the dude is sharp as hell and helped a lot of us see the forest through the trees here. And you should also definitely invite him to join your poker nights (seriously: check out the dude’s tweet in response to our own Rod Alzmann’s introduction of the #WeWantCohen hashtag right after the Q3 call debacle). https://twitter.com/DOMOCAPITAL/status/1336446055685230592. You have no comment on a potential takeover involving Ryan Cohen, Justin after your hour-long googly-eyed call together? Can’t believe you’re just preemptively leaving the WSJ and Bloomberg hanging like that. Justin, I love you dude, but if I’m holding pocket Kings I’m folding after that tweet because that twinkle in your eye lets me know you’re about to drop two Aces on my ass.
Anyway. Here is what our man Dopierala thinks might happen here soon (and he called this way back on November 17th- and sorry - no links here, per the mods, as apparently no Alpha must ever be Sought from these parts):
I think a very likely outcome at this point is a majority slate next shareholder meeting where Cohen takes over BOD and then makes himself CEO. A majority slate proxy battle would require all institutions to call in shares and would force a squeeze.
We’re intrigued, Justin. Please continue:
If Ryan Cohen successfully negotiates a purchase price with the Board then the shareholders will have to vote on it. Unlike the proxy battle where Hestia and Permit were running a minority slate of directors, an offer to purchase GameStop would force institutions like Vanguard and Blackrock to call in their shares. By doing so, the shorts would be forced to close out their positions and GameStop would finally have the greatest short squeeze of all-time. Ironically, Cohen could use this opportunity to sell all of his shares and use the proceeds to entirely fund the acquisition of GameStop going down as the first person in history to acquire a billion dollar company... for absolutely nothing. In fact, his acquisition price would be less than zero.
And now is when I get to speculate on what I think is going to happen here. But I do not necessarily think Cohen is going to put an offer to buy GME to take private. That would definitely trigger a MOASS, but I’m not sure I see it given the attorneys he’s hired and his recent buys up to $16 and the amount of cash that would take. Like Dopierala’s first comment, though, I think Cohen is going to nominate directors to replace nearly the entire Board of Directors with a vote happening at the annual meeting and once that Board is in place, they’ll appoint Cohen as CEO. And as Justin notes, if he nominates a majority slate of directors, shares will have to be called in to vote. And this vote and proxy battle will make the prior minority slate Hesita/Permit battle, and the tiny short squeeze that took place when that happened, look tame by comparison.
Now everyone: get your calendars out. Because the date to nominate directors here is in Mid-March, and my super-smart corporate lawyer buds inform me that it’s standard practice to file about 7-10 days prior. So, if this actually happening, we should be seeing something on this by early March.
But even though early March is now the mark on the wall, today’s insane price action caused me to think about all of this a bit harder and speculate a bit more. And a major h/t to my buds on the stocktwits board, especially u/rgrAi (@amarbar) for all the sharp analysis on this. But if you were Ryan Cohen and you knew this company was hugely undervalued and you had a high level of CONVICTION here and also knew you needed shareholder votes to sweep out these dumbasses and implement your vision—then how would you play this with the short interest here as crazy as it is? I’d keep buying. Why? Well, lots of reasons, you smart alecks.
First, so I have more guaranteed votes (duh?). Second, so that when the building starts burning and short hedge funds run for the exits they find that a mild-mannered Millennial with super-good ideas has sealed off all the doors and windows. That’s gruesomely delicious, isn’t it? Why else, CPT? Well, finally, and maybe most importantly, because I would want to excite and delight all my fellow shareholders by triggering a slow-burn short squeeze, raising the SP significantly, so that I can once again make the point (as he did in the Nov 16 letter) that the incompetent management that caused a HUGE drop in SP following that utterly incompetent Q3 call and the shelf registration, had nothing to do with the SP increase that again happened once Cohen announced his intent and started buying. Not the console cycle, not the cost containment measures, not the buybacks and not the early debt reduction. Nope: rightly or wrongly, shareholders will see Ryan Cohen buying shares and the corresponding SP increase and everyone—especially all new buyers who are delighted at their good fortune and swept up by Ryan Cohen Fever 2021—will start getting #WeWantCohen tattoos on their ass they’ll be so happy. And all of us, newly enriched by Ryan Cohen’s Big Canadian Balls and tactical brilliance, will crawl over glass to vote for him over The Boomer Artist Formally Known As GameStop’s CEO. I could be very wrong on this last point in particular, but if we start seeing 13Ds drop here shortly, things should get very fun very quickly.
Part 4: A Return to Our Short-Squeeze-to-Da-Moon Discussion: Who’s Side Are You Fucking On, Jim?
Now, Jim, given the fast friendship we’re creating here, and all we’ve been through over the past 5000 words, I hesitate in bringing this up. But we’ve all seen the video, Jim. You know the one I’m talking about. Yes, the one where you actually tell the truth about how short selling hedge funds manipulate the market to knock down the price of perfectly good securities that many hard-working people invest in—many normal-ass people all assuming they wont ever have to Point Where On The Dolly The Invisible Hand of the Economy Touched Them. But that’s not life now is it Jim? And fuck those poor-ass rubes for not knowing how to play the game with you sophisticated Masters of the Universe, amirite?
https://www.reddit.com/dashpay/comments/93evx4/jim_cramer_reveals_dirty_tricks_short_sellers_use/
https://dealbook.nytimes.com/2007/03/20/cramer-market-manipulato
So where are you in this whole GME/Cohen story, Jim? You candidly (gleefully?) acknowledge that a prime strategy that shorts deploy is to spread negative rumors that are then amplified by Big Smart Trustworthy Financial Media Titans like yourself to shake out unsophisticated retail players like my Rocket Kids here—who because of their tiny paper hands and you mean short selling brutes often subsist on paste and paste alone.
So for this particular security, are you the one helping with the manipulation and actively creating the “new truth” or are you just one of the Useful Idiots that these short sellers use to manipulate with an anodyne, TV media-ready comparison like: GameStop Is The Next Blockbuster? And how in the fuck does this fit into your Think Young(TM) project, Jim? Because if there is one thing that we over at WSB fucking hate, it’s a bunch of Manipulative Short Selling Boomer Fuckwads. Why on earth would a hip Young Thinker like you want to be included in that crew, Jim?
And I know we’re all friends here now, Jim, but I need to push back a bit on some of what you said in that video in such a cavalier whatareyagonnado manner. So if I understand you, short and distort and fomenting negative reactions from retail players based on deliberately false narratives is illegal, but still easy as fuck to do "because the SEC doesn't understand it." But you fucking do understand it, Jim! So why are you helping those short and distorters break the law here? Why are you being such an obtuse dumbshit? Just check out what happens to the borrow rate and short selling every time there is any good news for GME:
https://stocktwits.com/Slantedangles/message/264519950 (h/t @slantedangles). This manipulation isn't just happening with GME; it is happening everywhere. It’s baked into the cake. And that is pretty fucked up that we all just accept it because whatareyagonnado.
I think that one thing that those of us who truly do Think Young(TM) have a hard time understanding is at what point in your lives do you Boomers all finally come to realize that it’s maybe time to stop playing the game like you have been? What point do you finally have enough where doing the right thing matters more than getting paid? Maybe start by telling the truth more often—and maybe don’t go out of your way to help those corrupt-ass hedge fund managers who continually fuck over average people merely because they were stupid enough to believe you all. What contempt you Masters of the Universe have for all of them—for all of us. There is a bigger story here on GME and this out-of-control short interest (naked shorting, counterfeit shares) http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html than even Ryan Cohen and the inevitable short squeeze we’re about to witness here. And it begins and ends with people like you and Melvin Capital and Bank of America not giving a fuck about the rules while thinking you’re smarter than the rest of us who do—but who lack power to do anything about it. And you know what? Maybe you are smarter than us. You certainly know how to play this game pretty well, as that video shows. But if I know my old school 1980s movies like I think I do, this is usually the part of the story where the rag-tag kids from across the tracks come over to show you hubristic rich fuckheads what happens when you fuck a stranger in the ass.
Now I myself have never dabbled in pacifism, Jim, so this isn’t too much of a stretch for me, but seeing that video of yours and seeing the insane short interest and all the manipulation here makes me want to burn the whole corrupt system to the ground—while barricading the doors to trap in those arrogant-ass short sellers who lie and cheat and distort to profit off average people. And though I’m certain that this larger battle is not driving him, maybe that result is one that Ryan Cohen wouldn’t mind too. Though he’s a polite Canadian and would probably just let everyone know that he’s not really mad, just disappointed. But me? I’m an Angry American and I say: Block the fucking doors and windows and light that shit up.
So maybe this epistle will be useful for your Think Young(TM) project and cause you to reflect a bit more on what’s really going on out there with this whole GME thing and the likely illegal shorting that has driven the short percentage of float to these insane levels, drawing in new retail shorts too stupid to know what’s even happening. Or maybe it wont cause you to reflect in the slightest (count me as one of those cynical types that see your overtures to WSB as a transparent play for greater market share from the Young Crowd since your old-ass audience is dying and/or switching to bonds). But in a few months when all the Billy Ray Valentines and Louis Winthorpes assembled here are toasting each other in stupid shirts on a white-sand beach somewhere, we do not want you to look back on your knee-jerk boomer-ass dismissal of GME and your Useful Idiot blathering with that same tinge of regret and longing you feel when you look at a pre-Client 9 picture of you and your old roomie: warm-toes-and-hosiery-enthusiast E. Spitzer, Esq.
In conclusion: GME = Blockbuster comparisons are for Simps and Corrupt Short-and-Distorters. Don’t be like them, Jim. And to my Rocket Children: the only weapon we wield in this stupid game is Diamond Hands with a float like this. Toughen the fuck up.
And Happy Holidays everyone.
--CPT Hubbard
TL/DR: Jim Cramer likes farm-based idioms and apparently being a useful idiot to scummy short selling hedge funds. DD on the GME turnaround is solid and overleveraged short sellers should be shitting themselves. Ryan Cohen, our polite, hard-working Canadian benefactor is about to rip all our fucking faces off and trigger a MOASS. Probably even by early March, if that time is good for you (he’ll text before he comes). And fuck infinite regress: It’s rockets all the way down here. 🚀🚀🚀 Now: diamond hands, motherfuckers.
**This is a shitpost and is only to be used as investment and life advice for Mr. Jim Cramer, Esq.
submitted by CPTHubbard to wallstreetbets [link] [comments]

"I think I've lived long enough to see competitive Counter-Strike as we know it, kill itself." Summary of Richard Lewis' stream (Long)

I want to preface that the contents of this post is for informational purposes. I do not condone or approve of any harassments or witch-hunting or the attacking of anybody.
 
Richard Lewis recently did a stream talking about the terrible state of CS esports and I thought it was an important stream anyone who cares about the CS community should listen to.
Vod Link here: https://www.twitch.tv/videos/830415547
I realize it is 3 hours long so I took it upon myself to create a list of interesting points from the stream so you don't have to listen to the whole thing, although I still encourage you to do so if you can.
I know this post is still long but probably easier to digest, especially in parts.
Here is a link to my raw notes if you for some reason want to read through this which includes some omitted stuff. It's in chronological order of things said in the stream and has some time stamps. https://pastebin.com/6QWTLr8T

Intro

CSPPA - Counter-Strike Professional Players' Association

"Who does this union really fucking serve?"

ESIC - Esports Integrity Commission

"They have been put in an impossible position."

Stream Sniping

"They're all at it in the online era, they're all at it, they're all cheating, they're all using exploits, probably that see through smoke bug got used a bunch of times"

Match Fixing

"How many years have we let our scene be fucking pillaged by these greedy cunts?" "We just let it happen."

North America

"Everyone in NA has left we've lost a continents worth of support during this pandemic and Valve haven't said a fucking word."

Talent

"TO's have treated CS talent like absolute human garbage for years now."

Valve

"Anything that Riot does, is better than Valve's inaction"

Closing Statements

"We've peaked. If we want to sustain and exist, now is the time to figure it out. No esports lasts as long as this, we've already done 8 years. We've already broke the records. We have got to figure out a way to coexist and drive the negative forces out and we need to do it as a collective and we're not doing that."

submitted by Tharnite to GlobalOffensive [link] [comments]

GME Gang: On the Subject of the Golden Bridge and Its Inevitable Destruction By Fire 🚀🚀🚀

Build your opponent a golden bridge to retreat across.
Sun Tzu, Art of War
Everything was for tomorrow, but tomorrow never came. The present was only a bridge and on this bridge they are still groaning, as the world groans, and not one idiot ever thinks of blowing up the bridge.
Henry Miller, Tropic of Capricorn
I was wrong! Blow the bridge! Blow the fucking bridge!
Tugg Speedman, Tropic Thunder
Hello again GME Gang! It’s been a while since I last ranted at you, but I know we’ve been in some very good hands here at WSB with all the great DD folks have posted over the past few weeks. So no need for CPT Hubbard to go for 11 again on the Thumbscroll Dial (until today, that is). I’ve enjoyed a lot of these posts very much, so thank you on behalf of myself and the attention-deficient Rocket Children for continuing to deliver that 100% Chaff-Free GME-grade Wheat at such a feverish clip.
Now, I am going to get to Hong Kong’s Lamest Outlaw and his disconcertingly vacant eyes here shortly. But first I want to take you on a journey back to Christmas Eve, in the year of our lord 2020—a heady time in all our lives. We were all so young and innocent then, weren’t we? Fresh off the run up to 22. Blissfully oblivious that we were living in the last moments where the question What is The War of 1812? was the only acceptable Jeopardy question for the answer: The Last Time the Goddamn U.S. Capitol Was Stormed. This was also before we all became irresponsibly overleveraged in Cathie Wood’s Ornamental Gourds ETF. It was a wondrous, confusing time.
But before we get too off topic, let’s all hop in my 1985 DeLorean (purchased with proceeds from my Jan 15 calls – thanks RC!), fire up the ol’ Flux Capacitor, and get that shit to 88 because something happened that evening that is Worth Pondering—particularly in light of recent events. And just as a friendly reminder: even though you’re going back in time in a DeLorean, no one here has to deviate funds away from GME shares to Save the Clock Tower and you are under no obligation to fulfill a scenario where you wind up making out with your Mom (unless your Mom is Cathie Wood like mine—in which case maybe just some quick over-the-clothes stuff).
On the Subject of How It Once ‘Twas The Night Before Christmas
So what in the holy fuck happened on the night before Christmas, Captain? Well, while all you Gentiles were sleeping soundly after lying to your children about benign home intruders and before gorging yourself on the teat of late-stage capitalism, me and the rest of the Chosen People were up late eating Chinese food and thinking about tendies (self-hating Jew Joke! Ba-zing!). But then: when out on the electric twitter machine there arose such a clatter, I sprang to my phone to see what was the matter. And what to my wondering eyes did appear, a mysterious tweet from a Rich-Ass Viking who had a lot of fucking interesting things to say about this whole GME situation that’s what.
This tweet, buried as a reply to a tweet sent by Mr. Rod Alzmann (@RodAlzmann or u/Uberkikz11), simply said: “Merry Christmas. Shhh.” But it included this screen shot:
[**Image Deleted Due to the Mods - check the link below where someone transcribed it - I'll try to add later**]
Now, this tweet to Rod, sent late at night and likely after a strong Mead or three, was very promptly deleted. But your intrepid cub reporter saw this here tweet that night with his own two eyes—seeing as I am a degenerate GME addict and devoted follower of Mr. Rod Alzmann (Hi Rod!). And I took screenshots, of course, like any responsible records custodian might. And so did the dude who wrote a somewhat-overlooked WSB post on this, which included the most pertinent text of the message if you are having trouble reading it here:
https://www.reddit.com/wallstreetbets/comments/kk0omp/christmas_miracle_gamergate_2020_gme_shorts/
Now, what are we to make of this? At the time, I thought it was very interesting. But I did not give it too much attention seeing as how the internet is overcrowded with anonymous weirdos claiming to know more than they do about all sorts of subjects (and now I feel your judging eyes…). Also, there was some very good commentary in that WSB post from some sharp folks about the screenshot author’s questionable use of the shorthand PE/IB—given that private equity and investment banks wouldn’t apparently be involved in a behind-the-scenes transaction with the short funds like what was being discussed there (don’t ask me, I just string together silly words here). But maybe you poke around his Twitter a bit and see for yourself.
Still, plausibility assessments based on preferred nomenclature aside, it seemed to me that some version of that conversation had to be taking place behind the scenes in a situation like this—given the batshit insane short interest, the funds supposedly involved, and the rapid rise in SP coinciding with RC’s share accumulation, December 21st amended 13D filing, and new status as a GME Insider and Board member (just love saying all that in a row, don’t you?).
So the Viking’s screenshot tweet, and the very likely possibility that shorts are in so deep that they’re attempting to negotiate peace with large shareholders behind the scenes, stuck in my tiny little baby brain as a pretty plausible set of scenarios. And from the look of it, it seems like some funds were at least willing to discuss offering these shorts a Golden Bridge away from Certain Fucking Destruction on the open market. And if the words on the screenshot are at all aligned with reality, these short funds have no good options.
Yet it seems like they are still playing hardball to negotiate the carat on this generous bridge offer they’re getting. Why? Maybe they’ve been getting high on their own supply for so long and they don’t know how to see this situation for what it is. Who knows? Maybe there is no Ryan Cohen and we’re all living in a simulation. But if the recent low-rent anti-GME articles and market manipulation efforts we’re seeing are any indication, these overleveraged short fuckers seem to think they’re going to be able to spin out of this hold and drive the SP back down to even smaller peanuts than it’s at now by sheer force of will (and some deployment of well-honed tricks of the trade amirite?) to emerge unscathed. Or even victorious? I dunno—it’s their delusional fantasy sequence.
But do you know what this scenario reminds me of? And this is just coming to me so please bear with me as I’m not showing this to my editor before we print (I haven’t seen this movie in ages – don’t know what made me think of this!). Fuck it, I’m just gonna start riffing here. The shorts trying to thread this needle, against all odds and logic and common sense, reminds me of that hilarious scene in Dumb and Dumber where haplessly delusional Jim Carrey thinks he has a chance with Mary Samsonite Swanson. But the scene is funny because he really doesn’t. Have any chance. At all.
Now, I know this is a 1990s movie originally released on VHS that we haven’t seen it or even seen it referenced in ages. But now that you’re thinking of it again after all this time, doesn’t it remind you of this too? I know, I get it: You’d have to have fucking peanuts for brains for it not to.
(https://twitter.com/ryancohen/status/1350877969816956934?s=20)
On the Subject of the Continued Internet Bumbling of Mr. Justin Dopierala
Now that screenshot came to mind this past week when something kind of weird happened while we were all enjoying our quick rocket ship ride. And yes, we are briefly going to talk again about Seeking Alpha’s second finest pro-GME author (always been more of a Dmitriy man myself) and recurring CPT Hubbard character, Justin Dopierala (and no, Angela, I do not want to have like 10,000 of his babies).
Last Thursday, after we were all virtually high-fiving one another and counting our future Lambos, Mr. Justin Dopierala, head of Domo Capital and longstanding uber-bull GME shareholder and author at Seeking Alpha (last seen arguing pithily with our own Rod Alzmann about the conservative nature of Rod’s holiday earnings projections. Hi again Rod!), made it known that he sold all of Domo Capital’s 500,000 shares for around $42.50—at the very top of the run up last Thursday morning.
Now, Domo Capital’s business decisions are none of my goddamn business. And there are plenty of market opportunities right now. Shit, I hear there is even a new Cathie Wood Gourd ETF coming online soon that people are really excited about and that I’m sure Justin’s clients would find intriguing. But Domo’s decision to sell seemed curious given a few things: (1) on Wednesday, when the rocket is mid-flight, he got a twitter follow from Gabe Plotkin, head of Melvin Capital, which he promptly tweeted about with a “get a load of this fuckin’ guy” vibe (oh the sweet, intoxicating arrogance of tendie victory, I too love it so); (2) he had also tweeted that day comparing GME’s rise to Apron’s short squeeze that lasted 4 days—where he also stressed to his followers that Apron had a much lower SI than GME; and (3) he then promptly deleted all of these tweets and almost everything else GME-related on Thursday after apparently introducing 500,000 shares of liquidity into the height of a stressed market up and through the Thursday reversal and down into his own personal tendie town.
Now, after seeing all this, I mouthed off a bit to Justin on the electric twitter machine because that’s kind of my thing. And if you are familiar with my prior ramblings, you know that he and I go way back. In response, Justin talked a bit of shit about your intrepid cub reporter here in a comment on Dimitry Kozin’s October 21, 2020 article about a possible sony revenue share deal or something, the comment section of which has become the preferred SA water cooler over there. (And I can’t link that because Thems The Rulez). And Justin hurt my little feelings a bit with his very sharp denial. And by all means have at it over there to check out his comment about why he sold if you give a shit. That is if Justin hasn’t deleted it yet. Free country and all.
But to summarize, on the subject of treacherous coordination with Melvin Capital, Justin said he would not could not in a boat and he would not could not with a goat. And I for one believe him. And do you know why? Because even though Justin seems like a very smart guy in some ways, he’s also a well-known internet bumbler who blurts out things to his internet friends that a person with better self-control would keep to themselves. And so I do not think he is capable of pulling that off or keeping a secret like that. Also: he said he didn’t so I am more than willing to give someone the benefit of any doubt in that area and you should too. I think we keep Hanlon’s razor firmly in mind here about never attributing to malice that which is explained by stupidity. That is unless, of course, you’re Andrew Left and you’re actually trying to convince people that you didn’t realize there was a US presidential inauguration planned for the same time you announced your Super Important TeeVee Yammerfest ‘21 about GME not being a good candidate for an imminent short squeeze no way no how not if my name isn’t Andrew Left short seller expert extraordinaire and Hong Kong’s Most Misunderstood Ethically-Minded Businessman. You can ascribe the fuck out of malice to that one.
No, even though I really have no idea, I think the most likely thing that happened there was that Gabe Plotkin, Master of the Universe, Head of Melvin Capital, and Acolyte of Perennial Most Ethical Business Man MVP candidate, Steven Cohen—got into Justin’s head when Plotkin followed him on twitter during the 57% (at one point 94%) day last Wednesday and then Justin got a bit chippy about it.
And this is the real reason I’m bringing this up.
Because I honestly care very little about the Nervous Investing Habits of the Wisconsin hedge fund voted most likely to prompt a Mr. Roboto reference. No: I think that Gabe Plotkin sent a message with that follow. Without even ever having to say it directly. And I think that after GME’s huge run and getting a little overexcited while working the twitter machine, Justin maybe had a chance to relax with a warm glass of milk that night and reflect on that message. Which I believe was: I’m watching you, motherfucker. And the only reason I’m paying any attention to some shitstain Wisconsin pseudo-fund on a day like today when I am getting my ass fucking torched is because I want you to know that if this GME shit blows up on me, I’m going to fuck your ass up. I will remember the name Domo Capital forevermore. And when you least expect me, I’ll be there. Now: your move, motherfucker.
And once I realized what might have happened there, that made me feel kinda bad for Justin if he felt that way. Definitely a puss move because fuck you Plotkin I drink your fucking milkshake, right? But bad because that’s a mean message for a business colleague to send, Gabriel. Shame on you if that's how you roll like a big New York bully and scaring our poor Justin like that. And if you just wanted to follow him to shoot the shit or swap listicles and Star Wars Prequel memes with a respected contemporary—even in the very midst of getting fucking annihilated while short GME—well Justin has a totally different account for that and he’s not allowed to access it during work hours.
On The Likelihood That The Most Heavily Shorted Stock in History Is Not Being Subject to Continued Market Manipulation When A Steve Cohen Acolyte Is Losing His Fucking Shirt
Have you heard about Steve Fucking Cohen? The guy who looks like he’s tip top of the list of the premier Hollywood casting agency’s rolodex for Saddest Dipshit Still At the Strip Club After Everyone Else Has Already Gone Home? I’m sorry, that’s mean and my mother told me to always be kind to the truly hideous looking because they’re probably still beautiful on the inside (spoiler alert: he’s not!).
Get a load of this guy:
https://www.bloomberg.com/news/articles/2014-01-02/why-sac-capitals-steven-cohen-isnt-in-jail
https://www.latimes.com/entertainment-arts/business/story/2020-09-02/controversial-hedge-fund-billionaire-steven-cohen-takes-on-hollywood
https://www.marketwatch.com/story/steven-a-cohen-among-the-million-dollar-donors-to-trump-inauguration-2017-04-19
https://www.vanityfair.com/news/2016/11/steve-cohen-trump
https://nypost.com/2015/06/17/billionaire-steve-cohen-bros-out-with-guy-fieri/
Are you back? I’ve missed you. That was scary, wasn’t it? But allow me to TL/DR all that for you who decided to avoid all that unpleasantness: the dude just has all this bad luck and keeps finding himself into these really awkward situations where someone could potentially question his commitment to ethical business and life practices as well as adherence to the laws of the United States and it’s just not fair and nothing’s fair and Nice Guy Steve Cohen Is The Victim Here So Just Stop Right There Mister I See What You’re Doing. He's also bros with Guy Fieri. Cool.
But why am I talking about a guy who would so clearly pass Billy Madison’s Final Question about Business Ethics without even breaking a sweat?
Because Steve Cohen once had a young Ace Protegee that he loved very much. With the name of an Archangel, so tender and pure. And one day this young man decided he wanted to Prove Himself and Leave Steve’s Nest. And thus was born Melvin Capital, seeded financially by Steve Cohen but named after famed Crooner Melvin H. Tormé, which Gabe’s esteemed mentor Steve would play in his office, over and over, all those years ago.
Now let’s fast forward a bit because I’m boring myself with all that fucking Cohen reading (the bad Cohen—don’t you dare get anyone confused here). As I was saying: Gabe Plotkin, head of Melvin Capital, has by all accounts gotten himself into a bit of a pickle here being so deeply short GME. Lots of people have analyzed and overanalyzed it, and I’m not going to do it again here; that dead horse is well and truly beaten. But to bottom line it: we’re all just staring down what is essentially an unprecedented math problem that will, at some point, resolve itself. And if it revolves itself in favor of the Good Guys, then the Bad Guys will lose a Fuck-ton of Money. That’s your money block quote, WSJ, so fuck off and stop calling me.
Now: picture yourself as a Steve Cohen acolyte that just bought a $44M Miami Compound and who cannot stop talking about how co-owning the Charlotte Hornets is worth it just for the courtsides alone bro once basketball is a thing again and so what if Michael Jordan keeps calling him Gary it’s close enough. Are you feeling the most financially secure that you have ever felt in your young rich life right about now? Or might you be a wee bit worried that you’ve pursued an investment thesis so reckless, so irrationally and intentionally destructive of equity, that even Melvin H. Tormé himself must be rolling in his fucking grave that you would ever dare put at risk your ability to continue being Michael Jordan’s Gary?
And so here is when I again link my good buddy Jim Cramer’s Great Unveiling of the Tactics Deployed by Short Sellers hoping to change the narrative and construct a “new truth” to suppress the SP in the face of, oh, let’s just say: a very promising turnaround story in a high-growth industry by an e-Commerce Canadian Genius who does not fuck around and who knows what he’s fucking doing and aims to sell more and better video games experiences to crackhead video gamers and there’s a million things he wants to do but just you wait, just you wait.
Is this plot that hard to follow?
And I’ll also say this: I know fuck-all about monitoring order flows or how funds continue to create synthetic shares to short shit into oblivion. But I’m just stepping back and thinking of the broader narrative and tactics on this. Spit-balling here again—bear with me. Now, if you were massively short a security while paying out your ass in borrowing fees for the privilege of entering the most crowded short trade in the market and you’re now opposite a massive business turnaround story, Ryan Cohen, numerous institutions, funds, retail whales, Norwegian HNW Freemason Consortiums, and the energy behind the Finest Rocket Children Ever to Grace Planet Fucking Earth—and you’re taking it in the ass week after week here—Do you then play this straight? Do you set aside all of these illegal and deceptive short tactics Jim Cramer candidly outlines in that video even though they’re impossible to enforce and are in fact not enforced? That Jim basically says you’d be professionally negligent if you were short and didn’t do this shit because fuck it whosgonnastopyou? And now you fucked up and that steamroller is barreling down upon you and there are all these things you could theoretically do try to get yourself out of this jam if you were That Kind of Person? Do you set this all aside and, at least in Jim’s view, tie one hand behind your precious ethical back? On the most heavily shorted stock off all time where you are bleeding Real Life Big-Boy Money? Just buying and selling you know, just a job, honest living, nothing much to it, sometimes you win, sometimes you lose, can't get too carried away with it.
Or is it something a little bit fucking different than that?
I don’t know. I’m not in the industry myself. And I would never accuse anyone of doing anything so clearly contrary to the values upon which their professional career as Master of the Universe was built. So Gabe: chill. Don’t follow me or something on twitter man, since for all I know that’s Plotkinese for I Hope You Don’t Mind Sleeping With This Severed Horse Head in Your Bed Motherfucker. It’s just money, dude. You seem pretty well taken care of. But man would I be sweating if I were short right now staring down the barrel of your new neighbor Ryan Cohen’s whims and patience and polite Canadian manners and ambiguous emojis that we all lose our shit for. I mean, fuck man: are you ok? Don’t forget to exercise and eat well during all this. Maybe switch to green tea or something. And remember: you’ll always—always—be Michael Jordan’s Gary.
But here is where we return to our good friend Andrew Left from Citron Research.
Do you remember the excitement you felt this past weekend? I’ve never seen WSB so jacked. People were coming out hot on Tuesday—an uptick day! The new phone book’s here! The new phone book's here! What luck to be free of Gary’s tomfoolery for one fine day. And then GME spiked right away—reaching a high of over $45 that morning.
But then something happened. We all know what it was. But here is where any SEC lookie-loos need to close those Pornhub links and pay closer attention. Because in the moments before the Citron tweet that morning about Andy’s upcoming BuzzFeed Listicle call on Why GME is Scary Investment GRRRR, total short shares available dropped from 1.2M to 0. And a $300K put bet was placed on a weekly with a strike price well over 10% out of the money at the very moment that GME’s price was accelerating rapidly. (H/t u/FatAspirations). That’s some WSB-level shit right there.
And yet they pull it off! GME immediately shoots down nearly 30% intraday, and eventually climbing abck up above 10%, making us all feel a little weird and like ungrateful millennial brats for feeling so shitty about a 10% day. But we all know what fucking happened, now don’t we?
So what can we say about ol’ Andy? Now, many of you know Andy as the dumbshit who shorted TSLA until he was ground into little bits of dumb dumb dust and made to look ever so foolish over and over again until he finally cried drunk uncle and flipped to being long TSLA and now he’s cool to you or whatever. Or you might know him as the guy who puts out really shoddy research that often, by pure happenstance, drives a new narrative to control the orderflow and SP on a WSB-beloved security like PLTR? You know the guy I’m talking about. Once in hot pursuit by Hong Kong fuzz, an International Man of Obviousness with a face that says: why yes, I will have another vodka tonic thankyouverymuch. That’s him.
Well, just like future call-back candidate for the role of Frightened Inmate #2, Mr. Steve Cohen, Andy is also but a Caveman—frightened and confused by your modern concepts of “ethics” and “rules.” No! No!—He’s a straight shooter! Devoted to rooting out obvious frauds, like Lukin Coffee and TSLA (Do not fuck with Elon or my Hot Mom’s ETF, Andy). And like the aspirations of Antoine Bugle Boy when he entered the blue jeans market, Andy saw an overcrowded short trade here based on an overly simplistic and obsolete short thesis about GME and said: “Me Too!” And as this thing is ripping to the stratosphere, Andy starts ringing his dumb dumb twitter bell and saying hear ye, hear ye—Inauguration Day and time it shall be for all my Big Brain thoughts about GME!
Nothing weird about that. No sir.
So Andy Citron or whatever the fuck his name is will be putting out some dumbshit video or something today in what seems to be a pretty clear attempt to scare my poor Rocket Children and get those pesky computers to high frequency this shit to drive the SP down to more acceptable loss levels (cause let’s be honest: they’re still taking a fucking bath here) for Mel Tormé’s namesake hedgefund and all the other cretins that are dug into short position here. And they’re gonna try to scare ya’ with the color red! And they know that no one here likes the color red.
But do see what’s going on here and who we’re dealing with. This really ain’t rocket science, Rocket Children. The dude actually tried to claim he forgot about the Inauguration. In 2021. He has not been in a coma, to the best of my knowledge. But you do look a little bleary eyed, Andy. Must have been all that staying up super late working on those last few bullet points to fill out the powerpoint on that GME listicle of yours, eh sport?
Conclusion: On the Subject of Patience and The Arc of The Universe Bending Toward Ryan Fucking Cohen
In my youth there was a period of time where I went out on boats that would drop crates into the waters of the Arctic. Bundled inside them were raw pieces of meat. In the coming days the boats would head back out to the frigid seas, hook the floats bobbing upon the waters, and pull the crates up. Packed inside would be many crabs. They were so delicious & made a good price at market. The difference between the crate that was empty and the create full of bounty was a mystery even the great physicist Erwin Schrödinger pondered at much length.
But the hearty fishermen of my youth already knew the answer long ago. Why did the trap fill up? Time. In time, all traps fill. In time, all things pondered shall be revealed.
--The Fucking Viking, That’s Who
Now look, you all know I have a soft spot for Ryan Cohen. Hell, we all do. He’s a good dude. And the man has played this flawlessly so far. He really has. The fact that we are all sitting here with Ryan Cohen having successfully negotiated three seats on the Board—a bloodless coup as my man Rod Alzmann says—here in January? It’s amazing. His vision for GME is dialed-the-fuck in and extremely exciting. This misunderstood business is on the threshold of an exciting turnaround with Ryan Cohen at the helm. And though I was very much looking forward to the potential repercussions of a vote being called at the annual meeting and what that might mean for the short-term share price, this result is infinitely better. Whatever their motivations, that Board and George Sherman saw the writing on the wall here and accepted the Golden Bridge that Ryan offered them. And Ryan Cohen has done everything he’s set out to do here. And he’s clearly been having fun while doing it. Read up on the guy at some point if you haven’t–there’s lots of good DD out there on him, obviously. And while you’re reading and thinking about Ryan Cohen, think also about guys like Steve Cohen (no fucking relation) and Gabe Plotkin and Andy Left and how lucky we are that we get to roll with RC against that motley crew of fuckwads.
And do you know what? I’m guessing that RC, and maybe even the funds being discussed in that screenshot, have been very patient with Mr. Plotkin et al in recent weeks. You don’t go around bankrupting hedge funds willy nilly, you know--bad form and all that old chap. People tend to remember that. And guys like Steve Cohen and Gabe Plotkin seem like they play for keeps. So now you try to build them a Golden Bridge to cross—maybe not their preferred route of travel, but could be worse and all that, right guys? But for whatever reason it seems like the natural instinct here on the short side is fight over flight. And these short FUD tactics are getting increasingly ridiculous to help slow down the inevitable march toward the detonator right next to that bridge. So relax everyone! And let’s not fool ourselves: All those Masters of the Universes are well aware of the math problem they’re all facing here and they must have a vague grasp of the odds that this goes off in one direction over the other. And what that could mean for the size of their money pits and how many sports teams they can buy this year. Shit, I assume Steve Cohen is counseling his young acolyte about how many sads he himself felt deep down in his man heart on that fateful day in 2008 when he lost $250M on a short when Volkswagon squeezed to infinity—a sadness that he will continue to draw on when his agent finally finds him a role that calls for it.
But my point is: the longs here can afford to be patient and let this play out. When this thing moves, the Viking’s Schrödinger crabs will only be in one pot. And I’m guessing that pot is the one being held by the guy who is actually in total control here: Ryan Goddamn Cohen.
So enjoy the show today. If you’re anything like me, you’re feeling relaxed after gorging yourself on lucky space peanuts all week.(https://solarsystem.nasa.gov/news/10022/lucky-peanuts/)
And though these silly wabbits with their cumbersome FUD efforts can get a bit tiresome, I’m still very much enjoying this GME show at this point and almost do not want it to end—what with all these Sorkin-esque twists and turns and my Cohen Tweet Decorder Ring getting all this sweet action.
But just remember who Ryan Cohen is, what he cares about, and what, so far, he has told us he intends to do here. And then you might realize, as I have, that Ryan Cohen has had the Gray’s Sports Almanac here all along. This story has already been written. He’s already won. And Melvin Capital’s Schrödinger-ass crabs are dead as fuck. The only question now is: what causes that Golden Bridge to blow? I, for one, am content to wait on RC while counting my good fortune that I can continue to accumulate until whatever happens here happens. So pass the rocket peanuts.
It’s just money after all. Right Gabe?
TL/DR: Psst: a Mysterious Viking once told me about behind-the-scenes Golden Bridge negotiations that are likely taking place that give shorts no chance but the shorts seem to think they’re saying there’s a chance but there really is no chance; Gabe Plotkin, Steve Cohen and Andy Left are misunderstood Straight Shooters who probably answer typical interview questions about their own perceived weaknesses by saying “Sometimes I just care too much about doing the right thing”; and Ryan Cohen is the Goddamn Man so we can all relax and not worry so much about all this dumb short FUD bullshit, ok? OK. 🚀🚀🚀
**If you construe any of the above as investment advice without doing your own DD or at least Googling Ryan Cohen then you are a fucking idiot and may God have mercy on your soul. You too, Andy.
submitted by CPTHubbard to wallstreetbets [link] [comments]

Misconceptions regarding Dogecoin

NOTE THIS ARTICLE IS SLIGHTLY DATED. I MADE A NEW UPDATED POST - VERSION 1.1 OF THIS SAME ARTICLE. THE INFORMATION IS BASICALLY THE SAME - JUST MORE CURRENT link here: https://www.reddit.com/dogecoin/comments/lfhomy/misconceptions_regarding_dogecoin_revised_version/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Misconceptions regarding Dogecoin. This information below is important. I ask that you please take the time to read this entire post before making judgment or commenting. My discord group of over 100 people have grouped together the majority of the most asked questioned and misunderstandings regarding Dogecoin, into the following 22 key points. Please read them below.
1) What is Dogecoin? Dogecoin (/ˈdoʊdʒkɔɪn/ DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the popular "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community reaching a market capitalization of US $5,382,875,000 on January 28, 2021. [Wikipedia, 20210203]
2) Why Dogecoin? For the Lolz. Well, not quite. Initially as a purely meme-driven alternative to the likes of Bitcoin and Litecoin, Dogecoin in-fact boasts very low transaction fees and fast transaction times, very little network congestion, and most importantly, is designed to be used as a daily means of exchange, like your morning cup of coffee. Also, it is really fun, and who doesn't like the Dog ?!
1/2) What Is Dogecoin? And why Dogecoin? Back a few years ago, some crazy people banded together in support of a cryptocurrency known as Dogecoin. Similar to other cryptocurrencies, Dogecoin, the people's crypto, finds itself with the support of hundreds if not thousands of individuals pushing for this currency to succeed. But what is that?
 Unless you have been absent from every social bubble, you may have heard of Bitcoin. For the purpose of this explanation, you will find that Bitcoin is not exactly an easy thing to equate to Dogecoin, but lets think about the criteria of a Cryptocurrency. Bitcoin did not find its foothold overnight. In fact, it took several years. A lot of people fought tooth and nail for their belief in the coin. Crypto, in a nutshell, is a decentralized form of currency that finds its value in a combination of individual asset involvement, ease or difficulty in security of an exchange, creating a method of reliable, secure, trustworthy exchange, and other reasons. Think of it like this: to exchange goods and services without currency, one must barter. I can barter a service (a haircut, for example) towards someone who needs a haircut, and in exchange they can barter a good or service to me. Currency then becomes an "IOU" (I Owe yoU) so that, if somebody needs me to cut their hair, they can give me an IOU for a good or service they control. When enough people begin adopting this, a centralized currency eventually takes hold. Crypto seeks to take this a step further and, insteal of relying on building up a centalization in terms of valuable metals or debt, it is built up solely on the exchange of goods and services. Dogecoin, compared to other cryptocurrencies, finds itself in a strange position where the origins did NOT see it soaring to the moon in any situation. Funny how things can change in time. Dogecoin has pros and cons to it. Comparing it to other cryptos, it does not face a supply cap like Bitcoin does. It is not a directly equated asset, such as how Bitcoin can be attributed as a digital gold asset. Mining dogecoin is also much simpler (comparitively) and does not face difficulty spikes, a source of Bitcoin slow-down. In essence, in 50 years, Dogecoin will still be around, still be mined, still be traded. Bitcoin will cease to be created, hoarded, and become the digital currency of the affluent. 
Step 3) Places to buy dogecoin places where you can spend Dogecoin?
Refer to dogecoin posts by the moderators
4) Cryptocurrencies vs stocks. The main differences between them. When comparing crypto to stocks, the main thing to keep in mind is that cryptocurrencies have few if any regulations applied to them. It is still the "wild west" of trading. You can be scammed, skimmed, pumped-dumped, as so forth, much more often and more easily than with stocks. Terminology is similar to exact between the two, but both require a certain mindset. Crypto is almost always a long-haul game, where stocks can be short play or long haul.
5) Dogecoin vs Bitcoin - their competitive advantages and disadvantages. Many cryptocurrencies have a higher degree of scarcity in comparison with FIAT (e.g. the US Dollar). For example Bitcoin / BTC has a strictly limited supply. And even though Dogecoin is not strictly limited, it is still a lot more scare in terms of supply than the US dollar. This simply means that if more people want to hold BTC or Doge versus the limited supply of the respective coin, the value of the cryptocurrency increases.
6) Is Dogecoin a meme or should it be taken seriously? We have all witnessed the power of a meme, the depths it can reach in society, especially in recent years. We have seen it many times before with video games, consoles, Oreos, or as of late even toilet paper... A meme has inherent value in the form of “widespread information”. A meme can spread an idea across diverse communities, and even entire countries literally overnight. This can bring about lasting effects on culture and society. If correctly taken advantage of, Doge can become the dominant meme currency of the internet, and amass real-world value just by being a popular, recognisable meme itself. This is where the saying “Dogecoin is the people’s coin” comes from.
7) Mining Dogecoin and the history of Dogecoin). How a new currency entered the market.
mining is the process of creating new cryptocurrency by solving a computational puzzle. mining is necessary to maintain the ledger of transactions upon which cryptocurrency is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. Approximately 600,000 dogecoins are produced per hour and 5,256,000,000 per year,
8) Circulation of currencies. The importance of buying, selling, and holding - and the differences between them. To briefly explain this, a lot of people have been saying “buy and hold” or “I’m never selling!” - which in itself is great start. But there remains a lot of misinformation around the topic, for example that simply "buying and holding Doge" will drive up the price indefinitely. Unfortunately, that is just not true. Buying, holding, and selling are all intricately connected with each other. ALL of those three states are essential for a (digital) currency to flourish. Holding does neither hurt or raise the value of the asset, but rather it helps to establish a baseline, which is also called "setting a floor". Those who have diligently kept on holding their coins, have allowed Dogecoin to stabilize at roughly 0.03 USD cents for the past few days. Remember, this remains a huge gain from where Dogecoin has been just weeks ago. The reason the price is not changing much from this baseline right now is because few are buying and few are selling their Dogecoin, specifically due to topics which will be covered in other sections here. However, an active circulation of a currency is critical to establishing it as an effective means of exchanging goods and setting it up for long term growth. The best way to increase the overall value of the currency in the long run is by eventually by exchanging your coins for goods, services, or just by tipping and trading with other Dogecoin holders. The value of any means of exchange is fundamentally driven by supply and demand. If two parties agree that X amount of asset A is roughly worth the same as Y amount of asset B, you effectively have established a market.
9) Establishing a floor or a baseline. Due to other current issues, such as "RH" and other platforms artificially delaying FIAT-to-Crypto exchanges, these trends may appear strange at first sight, but those who continue holding onto their Doge are affecting or rather creating the floor. The floor is essentially the lowest value Dogecoin will drop to at current market conditions. The floor is currently 0.03 USD cents. Which is up from 0.008 USD cents just a few months ago.
10) Inflation and deflation Infinite supply / no cap vs cap in regarding to cryptocurrency
 Inflation and deflation are common economic terms used to explain the change in the inherent value of a currency. This means that that 1 US Dollar today does not have the same value or “worth” as it did, for example, in 1950. Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Deflation on the other hand occurs when the inflation rate falls below 0%, that is a negative inflation rate. While inflation reduces the value of a currency over time, a sudden deflation of a currency increases its relative value. This would allow more goods and services to be bought than before with the same amount of currency. Deflation can be a factor in leading to a recession and also result in a deflationary spiral. 
10a) What does all this mean with regards to cryptocurrency, specifically Bitcoin versus Dogecoin?
 Well - Bitcoin is stagnant or deflationary over time, while Dogecoin is inflationary overtime. This is due to the way they are architected and mined, and how new coins are added into their respective markets - covered in other section. What gets misunderstood is which one is “better” or rather "the lesser evil". Since Dogecoin has an “infinite supply”, how can it maintain value? 
10b) You may have read things like: "You're stupid if you buy Dogecoin. It has no value. It has unlimited supply. It's just a stupid meme." Let's look at the US dollar (or essentially any major FIAT currency of your choice). FIAT currency is created out of thin air. It is backed by large sums of debt, and in the normal course of the economy it is inflating endlessly. But FIAT currency does have value. It's a value assigned to it by governments and people, a commonly accepted means for exchange. Again, FIAT does not have a limited supply. In fact, the supply of the US dollar is a lot more inflationary than Doge would ever be. Please think about that for a moment and make up your own mind.
10c) Yes, Dogecoin has a supply growth of about 5 billion coins (that's about 4-5% right now) per year, but why is that a problem, practically speaking? The growth is there to keep transaction fees to a minimum and allow a small, but healthy inflationary tendency, rather than the opposite.
10d) Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter.
 If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD, when it hits a new record high every few months or years, its supply will have to grow inevitably. We have to see the bigger picture! Dogecoin may well climb to one US dollar, but why stop and sell there? Instead, we could build a new, fair, balanced monetary ecosystem based on Dogecoin, not to make a quick profit, but to change the whole world. Our current money is backed by signatures on debt contracts, not on real values. But it works, because we believe in it, even if it will be our downfall if it continues like this. Dogecoin is different. Dogecoin has a set amount of coins entering the market by the minute. There are plenty of spreadsheets out there showcasing exactly how much many Dogecoin will be in circulation at any given moment of time. People get confused because they think inflation is a bad thing, when in fact it is actually beneficial in small quantities and beneficial to the longevity of a currency. Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter. If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD when it hits a new record high every few months or years, it's supply will have to grow inevitably. 
11) Financial aspects of Dogecoin. Who will profit from it? What will happen if Dogecoin has exponential growth? A zero-sum game. Explaining that you only realize a loss or profit at then time of sell.
 To clear things up - cryptocurrency is essentially what economist call a Zero Sum Game. A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. What this means is that across a group of people who engage in selling and buying Dogecoin, if one person gains another person loses. For example if you bought at 0.08 and sold at 0.03 someone made a profit of 0.05 cents per Dogecoin while you lost 0.05 cents per Dogecoin. The important thing to understand is that in these situations the only way you truly lose or gain anything is when you sell. You don’t realize your gains or losses until you complete that transaction. What this means is that if Dogecoin does increase exponentially the people who have been holding since the price has been low will gain astronomical returns on their investment, while others who joined late will not. 
12) Stability vs Volatility This describes basically how stable something is over a set period of time. Volatility is how much prices change over time. Stabilization of Dogecoin is important for the overall health, however, cryptocurrencies are known to and will likely remain very volatile for the foreseeable future.
13) Pump and dump vs long term growth. "Pump and dump" is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Pump and dumps are consider illegal. While a subset of people are trying to pump and dump Dogecoin the legitimate community is focused its long term growth and stability which is achieved through the rest of the topics addressed here
14) Difference between cold storage, internet wallets and Robinhood
Coldstorage - in the cryptocurrency world cold storage refers to physical objects/devices that contain your cryptocurrency.
Wallets are an electronic program of service that stores your cryptocurrency
Robhinhood- as of right now robinhood does not actually give you cryptocurrency when purchased through them. From Robhinhood’s cryptocurrency page: “We don’t currently provide you with access to your wallet or your wallet address. You own the cryptocurrency assets in your account, and you can buy or sell them at any time. We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available.” Robhinhood will be addressed in another section.
15) Elon Musk - Is he important for Dogecoin? The impact of celebrities and big business supporting Dogecoin Big business allowing Dogecoin to be supported as means of exchanging goods, and people like Elon musk supporting and backing this cryptocurrency are important to proving its value and legitimacy.
16) Is getting Dogecoin to increase to the equivalent of one US dollar possible? Can and will it really happen? What will change if it does happen? Yes, despite not having a fixed or capped supply, the value of the currency can rise based on its relative value against other currencies in the market. You can find examples of this in the FOREX market where currency pairs are traded, like Euro against US dollar, or US Dollar against Japanese Yen. As the value of Dogecoin rises, more and more businesses will recognise its potential and importance, and subsequently begin to accept it in exchange for goods and services. This will also help to grow the developer community around Dogecoin. In summary, Dogecoin has a way to go and can be improved from its current state, but the potential for greatness is there already today. NEEDS MORE INFORMATION
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18) Is Dogecoin a product of the Wallstreet Bets movement? What differentiates dogecoin from GME/AMC? Just like some other investment opportunities (Nokia, Blackberry), DOGE was brought into the spotlight amidst the whole GME situation during the previous week. Unlike those stock, however, Doge is not another short squeeze, it is not a stock. It is a cryptocurrency / asset that many people think has potential, despite its Meme origins. Many who feel that they were late for embarking on the GME hype or the Bitcoin train in 2013 respectively, are now looking towards Doge, one of the early alternatives to the original cryptocurrency, Bitcoin. Doge got a lot of interest recently, for example with the Elon Musk tweeting the same week.
19) The situation with Robinhood - Changes in terms and conditions. Disclaimer, it is important to read through Robhinhoods entire terms and conditions to fully under what happened. The information below is just a summary and is not Robhinhoods terms and conditions but an explanation of what happened and why it happened Robhinhood has received high profile backlash in the media recently for their involvement with GME/Wallstreetbets. A lot of the cryptocurrency and Dogecoin community were outraged when they found out that about one week ago Robhinhood stopped allowed instant transfers for their cryptocurrency. Unfortunately, while we may not agree with what happened there they do have a reason for this. Over the past week the sheer amount of people trying to buy cryptocurrency skyrocketed at one instant. When robinhood allowed for instant transfers what they were really doing is essentially “loaning” you money to make trades or purchase cryptocurrency before the funds actually hit Robhinhoods business account. This caused a huge liquidity issue and Robhinhood could not meet the demand. That is why you had to wait 5 business days for your funds to be approved. This is standard practice across multiple brokerage firms before Robhinhood pioneered the instant transfer option. Whether we like it or not, Robhinhood is a power house in their industry and not going away. Robhinhood is one of the most mainstream ways to purchase and sell cryptocurrency and if everyone pulled their money out of Robhinhood the entire cryptocurrency market would collapse which I believe we can all agree no one wants to happen.
20) Feb 4th - Feb 8th Well unfortunately we wanted to get this post out before Robhinhood’s clearance of funds. Went through, but now that they did, you can see what happened. The price immediately skyrocketed. This happened due to the topics we covered above. Now what’s going to happen is the people who are pumping and dumping know that this is coming and will be immediately prepared to sell. This will cause huge volatility with dramatic swings up and down. Nobody knows exactly what’s going to happen this week, but we do know it’s going to be crazy. That is where the diamonds holders come into play. We need to set a new floor after this swing to show the rest of the world that dogecoin is legitimate and can weather extreme volatility.
Thank you for reading this post in its entirety. It took a large amount of collective effort of people in my discord. I appreciate them to no end. We have over 100 people in that discord and we are here to stay. We are interested in explaining Dogecoin, reducing the scare factor and backing up Dogecoin through economic, social, financial, mathematical theory, etc. Per Dogecoin rules I cannot give out this discord, but if you are interested message me. It goes into greater detail on every one of these topics, with resources, links, articles etc. thank you and above all else remember that at the end of the day this is a meme cryptocurrency from 2013. But the people have spoken, and this is now official the people’s currency as well. Dogecoin🚀🪐🚀
submitted by Adventurous_Piglet85 to dogecoin [link] [comments]

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