Re: Financial topics
Posted: Tue Feb 02, 2021 11:03 pm
https://www.youtube.com/watch?v=6bkI-fVAbvU
guy with a legit stroke makes more sense than xiden
guy with a legit stroke makes more sense than xiden
Generational theory, international history and current events
https://www.gdxforum.com/forum/
John wrote: Thu Jan 28, 2021 1:10 am ** 28-Jan-2021 World View: Reddit masses
I think you're describing the Reddit "masses" in waaaay too rationalHiggenbotham wrote: Thu Jan 28, 2021 12:45 am
The masses know how much volume would be required (approximately) to complete the unwind. The reason I say approximately is the short position at some point in recent time is known but all of the volume since that known date and number of shares can't be pinned down as to what exactly it was, but it can be estimated fairly closely, I would think.
terms. You say the masses know how much volume whatever. Maybe a
few do. But I don't think that the masses will know much of anything.
I think they're playing with the same irrational emotions as the
current bitcoin craze.
12 hours ago
Hey Mark, this all started because the short interest was around 140%. We are seeing today GME has dipped considerably because it is being reported that the short interest has dipped to 50% or lower. However, the volume numbers haven’t spiked to suggest the shorts are covering their positions. What’s going on? Is this fake news?
mcuban
11 hours ago
The amount of volume to cover the shorts was tiny compared to the amount of volume in the stock on a daily basis.
postinganxiety
11 hours ago
Meaning they clearly covered, or meaning they clearly did not cover?
I think you’re saying the former, but with such a high short rate, combined with incredible demand from the retail side, wouldn’t the price have gone even higher? I know Robinhood had an affect on this but the math still isn’t adding up for me.
If supplies get tight, I can envision is that the authorities will shut this off. I don't know how successfully that can be done. On the exchange, the only choice is the 5,000 ounce contract, I believe. Last I knew the 1,000 ounce exchange traded contract was cash settled. But it's been awhile since I've done this. If someone wants to buy off the exchange, they can go to an illiquid nearby month, buy the 5,000 ounce contract (sufficient cash would need to be in the account), tell the broker they want to take delivery, get the warehouse receipt, then go to the Comex warehouse and pick up the goods.
Thanks. There were 5 closes in a row in the 3840-60 zone before the market dropped. As to whether the market can hold this area, there has been similar in the recent past, late September and early October 2018 being an example. I'm not trying to sell the idea. Not quite 30% of my account is short. A March top seems more likely but if that happens I think I can hold them off for 6 weeks.richard5za wrote: Tue Feb 02, 2021 1:24 pmThere is a gap just above 3840 and I reckon sellers will surface here as you have done. If it holds here for a few days then next level up. I am watching but not in yet. very good luck Higg.
You seem to have more sensitive info that I. I can't see the upper gap at 3847 reached and reckoned that might happen today. If so buyers could eye 3860 which you also say was reached. If it goes below 3820 theres a gap at 3780 which might be today's target. My hunch (and its only a hunch and not backed by analysis) is that we have had the top or will happen this week.Higgenbotham wrote: Wed Feb 03, 2021 1:31 amThanks. There were 5 closes in a row in the 3840-60 zone before the market dropped. As to whether the market can hold this area, there has been similar in the recent past, late September and early October 2018 being an example. I'm not trying to sell the idea. Not quite 30% of my account is short. A March top seems more likely but if that happens I think I can hold them off for 6 weeks.richard5za wrote: Tue Feb 02, 2021 1:24 pmThere is a gap just above 3840 and I reckon sellers will surface here as you have done. If it holds here for a few days then next level up. I am watching but not in yet. very good luck Higg.