Down goes the Dow

Backwardation !

la gente esta muy loca wrote:

https://www.barchart.com/futures/quotes/VIY00/technical-chart?plot=LINE&volume=contract&data=I:15&density=O&pricesOn=1&asPctChange=0&logscale=0&im=15&sym=VIY00&grid=1&height=500&studyheight=100&overlay1=vig21&axis1=false&overlay2=vih21&axis2=false&overlay3=vij21&axis3=false&isComparison=1

Backwardation !

wow that's a high vix, and so fast.

this market is like a boat with tons of water sloshing about inside the hull this way and that

the tons of water being money, in this case.

the perfect 2021 middle finger would be if TSLA, FB and Apple all biff it...and the market still goes up.

apple up, facebook up. a little.

Tesla down 3%

racket's right...the hammer is starting to come down

https://twitter.com/CNBCnow/status/1354544949606408196?s=20

agip wrote:

apple up, facebook up. a little.

Tesla down 3%

they all had good numbers and even Tesla had a sales beat. Guess it was priced in. I could see them all creeping up slowly from here, though.

agip wrote:

racket's right...the hammer is starting to come down

https://twitter.com/CNBCnow/status/1354544949606408196?s=20

unless there's more to the story than what has been made public, it all looks fairly legit to me.

Maybe they know something we don't (?)

short selling is hard to regulate...

the problem of naked shorting is hard to stamp out, last time I paid any attention to the problem.

and pump and dumps are always fodder for regulators.

not sure what the rules are on a bunch of people getting together and trying to squeeze a name. Doesn't sound right but I'm not sure what the rules are.

agip wrote:

short selling is hard to regulate...

the problem of naked shorting is hard to stamp out, last time I paid any attention to the problem.

and pump and dumps are always fodder for regulators.

not sure what the rules are on a bunch of people getting together and trying to squeeze a name. Doesn't sound right but I'm not sure what the rules are.

yeah, as i recall, you are not supposed to attempt stock manipulation. A group that bands together with that intent would seem to fit that description. The part that is ambiguous is that they did it in plain sight and weren't trying to disguise anything.

I guess a lot would depend on how the regulations are written.

There must be a lot of pressure on them to investigate in clearly, some parties are largely harmed in this incidence.

seattle prattle wrote:

agip wrote:

short selling is hard to regulate...

the problem of naked shorting is hard to stamp out, last time I paid any attention to the problem.

and pump and dumps are always fodder for regulators.

not sure what the rules are on a bunch of people getting together and trying to squeeze a name. Doesn't sound right but I'm not sure what the rules are.

yeah, as i recall, you are not supposed to attempt stock manipulation. A group that bands together with that intent would seem to fit that description. The part that is ambiguous is that they did it in plain sight and weren't trying to disguise anything.

I guess a lot would depend on how the regulations are written.

There must be a lot of pressure on them to investigate in clearly, some parties are largely harmed in this incidence.

I don't think you can pin this on WSB. Melvin was naked shorting GME at almost 140% free float - that was first mistake. But honestly it almost worked. GameStop needed some really good news and it floundered and thrashed for almost a year until Ryan Cohen became an activist investor and then a board member. That was enough to start the squeeze. As far as I can tell, everything was done out in the open. If anything, I'd say there was probably some big money in the longs driving a short squeeze and high % short float narrative. WSB isn't that intelligent, I'm skeptical they could come up with that on their own

agip wrote:

apple up, facebook up. a little.

Tesla down 3%

How ironic is it that TSLA is finally profitable...

...and then their stock price falls on that.

Awww man

https://twitter.com/tracyalloway/status/1354576283372384259?s=21

agip wrote:

Awww man

https://twitter.com/tracyalloway/status/1354576283372384259?s=21

literally happens like twice a week now. There's so much spammed sh!t by bots trying to astroturf for other stocks now and it takes the AutoMod bots a while to catch up and clean up.

Seriously check it out sometime and sort by new. The amount of brand new accounts saying "BUY XYZ BUY BUY ROCKETSHIP UP BUY MOON ROCKET" is hilarious.

Dr. Racket wrote:

agip wrote:

Awww man

https://twitter.com/tracyalloway/status/1354576283372384259?s=21

literally happens like twice a week now. There's so much spammed sh!t by bots trying to astroturf for other stocks now and it takes the AutoMod bots a while to catch up and clean up.

Seriously check it out sometime and sort by new. The amount of brand new accounts saying "BUY XYZ BUY BUY ROCKETSHIP UP BUY MOON ROCKET" is hilarious.

I can only imagine.

all the squeeze stocks are currently down double digits on this tho

I can't claim to be above the distraction either, but the real show is over with the Fed and Jerome Powell news conference today. There's plenty to consider there and he discussed the actual economy, not just the market, as well as how much interest rates legitimately influence the markets.

He downplayed the notion of a Fed induced bubble.

Of course he did. Our only hope:

https://twitter.com/NorthmanTrader/status/1354586527221870597

Ghost of Igloi wrote:

Of course he did. Our only hope:

https://twitter.com/NorthmanTrader/status/1354586527221870597

Didn't Sven win the "Most Incorrect Person of the Year" or something like that in 2020?