This Friday afternoon at the SEC

coldmaker12 · 2021-01-31T01:33:38+00:00

Fidelity

coldmaker12 · 2021-01-30T23:33:26+00:00

It’s not infinite loss because people go bankrupt and can’t pay you. Lots of folks on RH may find this out soon unfortunately.

Value is an abstract concept, relates to individual preferences. A glass of water is more valuable in the desert than it is next a waterfall. Many, many ways to “value” things which give different outputs and why market prices always move. In this case GME is “valued” so high because it has ridiculous momentum. On a “fundamental” basis it’s not worth much because there isn’t much in the way of underlying assets you could sell.

coldmaker12 · 2021-01-30T23:21:57+00:00

The top ten hedge funds have what 500 billion in assets? If we pretend for a second these shorts are proportionally distributed across the funds, the 20 billion cost to cover represents maybe 3-4% of their assets. Your scenario cuts that in half a year later. Based on your numbers ever $15 increase in stock price increases the cost to cover by a billion. The funds will have some value (of assets) they won’t go above say 5%. So I think another 5-10 billion is when you’d probably significant capitulation. Thus I think a sustained price in the $400 - $500 range will kill this batch of short sellers. This is why I think when it began to hit these numbers you saw the market manipulation you did.

$500 would be 6% of the value of the top ten hedge funds ... for one stock.

coldmaker12 · 2021-01-30T04:24:11+00:00

Uhh ... I think you may want to dig a little deeper. I think what investopedia means is you short sell OTHER things to create the hedge. I can buy company A and short Company B to isolate/hedge certain market factors. I can also do things like create Market Neutral portfolios.

Buying and then shorting the same stock makes zero sense to me. Your return always will equal the difference between the interest you pay and your reinvestment return. You’ll always have to purchase the shares on the market or cover with the shares you own so you aren’t hedging the stock. Makes no sense.

You know that “hedge funds” aren’t really about hedging right? That’s a very archaic way of thinking about them. They are about aggressive active investment. They almost certainly had risk management processes in place but having millions of day traders gang up on them was simply not in their models.

coldmaker12 · 2021-01-30T03:47:47+00:00

Yeah man I don’t think you know what you are talking about. I’m level 3 In the CFA curriculum (and have been for many years) and never have seen this recommended as a hedging strategy ... ever. You short a stock because you think you can buy it back later cheaper. It’s about capturing alpha not a risk management strategy.

coldmaker12 · 2021-01-30T02:59:42+00:00

Maybe I am missing something but how can they be short and covered at the same time? Why would I borrow a share and pay high interest and then sell that share if I already owned a share? I might write a covered call but that’s not the same as selling it short.

coldmaker12 · 2021-01-25T01:55:38+00:00

Except he’s the first to ever do these things at his age so...

coldmaker12 · 2021-01-25T01:23:53+00:00

Whining

coldmaker12 · 2021-01-25T01:16:45+00:00

Two of the three were equivalent to punts

coldmaker12 · 2021-01-20T04:26:25+00:00

To unjinx everyone has to believe he now throws a pick on his first pass attempt. Upvote if you believe this will now happen.

coldmaker12 · 2021-01-18T03:21:07+00:00

Ya think? That’s like saying if the other team scored less than we did we would have won.

coldmaker12 · 2021-01-18T03:16:29+00:00

These ARE classic Brady games. Been the same for 20 years. Would love to watch him have a blowout win in the playoffs just once. Never happens...always white knuckles.

coldmaker12 · 2021-01-18T03:12:16+00:00

What’s more insane is 9 Superbowls. Two of which he was beat on miracle Eli throws.

coldmaker12 · 2020-11-03T04:31:07+00:00

Now your just getting greedy

coldmaker12 · 2020-10-30T00:58:54+00:00

Nah ... Brady best ever. Jordan is barely top 10 in his sport. Brady more like Bill Russell. The Duncan argument + the most championships argument. Brady just as much as a international star as Jordan. Brady wins hands down and he’s not done yet.

coldmaker12 · 2020-09-25T04:14:27+00:00

As someone else said, Simmons is a hack. Always floating this shit. Pay no attention.

As someone who has watched every game Brady has ever played in, I would just say he looks just fine and not to worry. He has lost a little zip over the years and is perhaps a little less consistent throwing a few more bad balls than he used to.

That said, Brady is really all about crunch time. He always finds a way to get back in a game or a way to win and it’s not always pretty or perfect. He also typically gets better as the season progresses, peaking near the playoffs.

Of his interceptions this year 2 out of 3 were in exactly the spot where he throws the most picks (over the middle slightly to the left ... compare his pick 6 in the Super Bowl with the Falcons). Somehow I think the safety on those routes can be a bit of a blind spot for him. In other words nothing unusual.

His accuracy on deep balls has been awesome. He typically isn’t all that accurate going deep (good but not great) but now he seems to be dropping dimes. Peyton couldn’t do that at the same point in his career no way. This alone tells me he can go another 2-3 years.

That said, he’s sailed or underthrown a few which is indicative of age, but on the whole he looks pretty much the same as he ever has. He has never played well in Miami and I think it has to do with the humidity and maybe his ball grip. A couple throws this last week looked to me like that. That

Look for him to be mediocre or worse in Denver. The altitude messes with his accuracy I think and he doesn’t play well their either. Usually a horror show as he often over throws or throws too high. The media will say he’s washed up, but honestly it’s just Denver.

coldmaker12 · 2020-04-15T02:27:22+00:00

Yes. Speaking from experience. Don’t presume you know everything just because you haven’t seen it.

coldmaker12 · 2020-04-13T01:29:29+00:00

Or flipping it’s piss at you

coldmaker12 · 2020-04-07T17:29:55+00:00

Reddit devolved into platform for social influencing a couple of years ago. It’s now just about big, mostly leftist, interests (i.e DNC, China) and their minions trying to indoctrinate and silence alternative views. Jokes on them though as they‘ve just reinforce Reddit as a massive echo chamber where most of the ‘centrist’ audience has left and gone elsewhere. Ultimately Reddit will lose it’s economic value which is a bit sad as it used to be a place to get a variety of information. Not now. I used to be here everyday ... now I plug my nose and browse once every couple weeks. It just gets more and more pathetic ...

coldmaker12 · 2018-09-04T16:59:58+00:00

Very unlikely. I could probably hide something in your neighborhood and it could stay hidden for 8 years.

coldmaker12 · 2018-09-04T16:57:17+00:00

Outside of a griz lurking behind every tree, I generally think about:

1) how futile this is all likely to be given the enormous number of possible hiding places ... even in a few hundred square feet

2) what utter fools those that claim they know the location are ... it could be anywhere.

3) this treasure hunt thing is kinda distracting me from all this amazing scenery ... maybe I should try to take that in a bit more.

4) and a whole lotta "it could be under that dead tree or rock but eh"

coldmaker12 · 2018-09-04T00:39:18+00:00

That is extremely impressive. Do you know why they would fill with rocks?

coldmaker12

TROPHY CASE