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To Ape Gang: Why Sentiment Has Turned Against You

To Ape Gang: Why Sentiment Has Turned Against You
I want you to understand this. Truly.
I like GameStop. I like $GME. I believe in the long term plan (or what I/we think is the plan, anyway). I bought a Pro Membership and have put in orders through the app I downloaded. I think they'll kill 4Q earnings in March.
I THINK GAMESTOP IS A GOOD COMPANY. I think Cohen and his team bring something to the table that will truly turn around the company. I think CNBC and particularly Melissa Lee can go suck an egg with their dismissiveness of the bull case, which they barely even pretend to have considered. I think the stock was and has been manipulated as fuck.
My personal belief, which I require nobody else to share, is that Ryan Cohen and gang also still have more buying to do, and their buying alone will drive the price up. But my belief is that they have no interest in buying at this price, or they'd have done so. I believe they're waiting for the price to fall back toward the fair market value. And I believe they may force the issue by issuing more shares. That's what I believe, and why I'm not holding positions right now. I probably will in the future, but my personal opinion is the time is not right.
I wrote these posts:
https://www.reddit.com/wallstreetbets/comments/l6n4lj/on_leverage_supply_demand_how_we_got_here_gme/
https://www.reddit.com/wallstreetbets/comments/l6rsol/heres_the_letter_i_wrote_to_my_congressman/
(EDIT: lol I just realized both of those posts aren't visible since they were removed by the mods. They were pro-retail and pro-GME)
I want to see people make money on this. Better yet, I WOULD LIKE TO MAKE MONEY ON THIS.
Further, what Robinhood did, as well as Webull, Interactive Brokers, E*Trade, EToro, and tons of other brokerages did, was fucked up. Everybody here agrees.
But you guys are actually fucking insane. We dont have a problem with the stock. We have a problem with YOU.
Many of the people who have joined WSB in the past two weeks are brand new to investing. And that's okay! But the new people (7 million new versus 1.5 million old) have done the following:
  • Spent weeks downvoting every single ticker besides GME, AMC, BB, and NOK
    • Failed to realize there is no short squeeze on BB or NOK
    • Failed to realize the NOK spam was purely from bots
      • While you've realized there were bots that were bought, you missed (probably because you were spamming rocket emojis and gorillas) that the bots were spamming NOK.
    • Continually asked what stock WE are going to MANIPULATE next
  • Tried to educate the crowd on terminology you just googled ten minutes earlier.
    • I saw one person disagreeing with a long-time and well-respected poster here by telling other Apes to ignore that post, and to instead read a copied and pasted two paragraph blurb from investopedia that explained the effect of a stock split on a short position.
  • Made up securities laws and terminology that doesn't actually exist
    • Short ladders? Every time a price falls from a peak it's a short ladder? EVERY TIME?
    • You don't think that there's a natural reversion in the balance of supply & demand after a stock runs up thousands of percent in a matter of days?
  • With zero understanding of market mechanics, explaining to others why price action is fake
    • "Look how low volume is on this candle! It's not a real drop!"
    • the dip is fake
  • Called people who have been involved in this play since Summer 2020 "paperhand pussies" for taking profits when the price of the stock went up 1,500%
  • Turned WallStreetBets into a political activism forum
  • Denying Reality
    • S3 partners is not lying to you. They and Ortex are consistently the best sources of difficult-to-obtain information on short interest. Just because they're reporting that short % of float is reduced FROM THE HIGHEST LEVEL THAT ANY STOCK HAS EVER HAD does not mean that they're lying to you.
  • Spammed low-effort memes and easily-Googleable questions on the new submissions
    • When your posts were taken down, you posted AGAIN
  • Accused anybody with an opposing opinion of being a hedge fund shill/bot
  • AGGRESSIVELY spamming to find buyers to help you get out of your huge negative position
  • I want to gag every time I see somebody write "I'm not a financial advisor" following a post that makes that very clear
  • Moving the goalposts
    • "YOU ARE HERE on the VW short squeeze graph!"
    • "We finished above $325! Gamma squeeze!" (Personal confession, I almost fell for this one and I'm glad I sold before the plummet).
    • "Ok so there was no gamma squeeze Monday but Tuesday is the day!"
    • "Ok we fell another 50% Tuesday but definitely Wednesday!"
    • "Fuck it let's just harrass investor relations to help us!"
  • Accused the mods of being paid off by hedge funds for doing what they've always done, which is remove shit-tier posts from the front page
    • which you then posted again
      • and again
  • Completely ignored the rules of our subreddit
    • Market Manipulation --
    • No Pump & Dumps -- pressuring other people to buy low float stocks (such as GME) so that you can drive up buying demand and sell when you've decreased your losses is a scam.
    • Political Bullshit -- If you think "it's not about the money" then get the fuck out because it is absolutely about the money.
    • No Bullshitting -- There are so many of you advising others on their trades (followed by "This is not financial advice, am ape") while you have no idea what the fuck you're talking about aside from something you just read on Reddit 5 minutes ago, which was posted by somebody else who had no idea what the fuck they were talking about, which was based on a tweet they read 10 minutes before that from someone who DID know what they were talking about, but OP misinterpreted the meaning.
      • Believe it or not, that's against the rules. Just say you dont know. Or say nothing. There's actually no need to spam.
  • Gain & Loss Posts - nobody wants to see your Loss on one-third of a share of AMC. Come on.
  • YOLO - Your investment in one-third of a share of AMC is not a YOLO. A YOLO is DFV leveraging up his entire $55,000 account with positions in a single ticker and letting it ride or die.
  • Drowned out a lot of really good content on non-GME stuff
  • And you've now begun brigading WSB from GME.
You have formed a cult. You've now decided, amongst yourselves, that anybody who is not in on your play and wants to discuss other things is just a paid hedge fund shill. Do you think that's a healthy mindset?
If this is the investment that you truly want to make, and you feel you have an understanding of the risks, then fucking let it rip. I hope it works out. Seriously, I want you to make money. I like Gain porn a lot more than Loss porn.
But stop bullshitting. Stop brigading. Stop spamming.
You're driving us nuts.
​
https://preview.redd.it/h7xqt1iw97g61.jpg?width=466&format=pjpg&auto=webp&s=bc87b50bb806d2bedbb5aa0c3fa1ff56d19660b2
submitted by OlyBomaye to wallstreetbets [link] [comments]

What is Citadel and where do I go to get away from them?

So, right now, you might be asking yourself "Fuck Robinhood. Where should I, Timmy from Charlotte, move my account? Fuck Robinhood. How do I get away from Citadel? Fuck Robinhood. What is going on? Fuck Robinhood." I'm not 100% sure where this post is going so I can't promise I'll answer any of those questions but my goal here is still coherent conversation so maybe someone else might have those answers in the comments. Idk.

What is Citadel and what do they do?

A hedge fund wrapped up with an advisory service, an execution venue, a market maker, an IPO partner, a sandwich shop, etc.. Such megacorps pay firms fractions of a cent to pass each order through them for execution. The more orders the brokerage passes along, the more they're paid. Money is involved because the more orders that pass through a particular execution venue first, the faster they can make decisions about the direction of the market on both the micro and macro scale. This is the current nature of the market. Order data for 'new' and 'small' traders using self-directed firms has been especially valuable the last 20 years because you do things institutions cannot. You can open a new position based on a tweet while the major advisory services need to whip out the scales and weigh the cost of moving assets for countless customers at once and that's even further complicated if they're designated fiduciaries because, in their book, reacting quickly implies that there's unknown risks involved. For example, they did the numbers on a particular company six months ago and decided it wouldn't be profitable in another six months. Even in 2021, they just can't move as fast as you but knowing what you're doing is a step closer to them being able to respond sooner with smaller changes rather than react with major changes when shit hits the fan. (BTW, the fatal flaw on $GME is that they tried to play the old 'cull the weak' game that worked for them for decades and absolutely chose to ignore the direction the market was moving until it was too late. If they'd used the order flow and other data they're paying so much cash to access and were as bright as they imagine they are, it would have been rough but even hardcore shorts could have lived through this week. Retail investors can pat themselves on the back for exploiting it but Melvin Capital got fucked by hubris and lack of awareness.)
Not to get all RZA between songs on it but that's why the title of this sub has been 'Welcome to the machine!' for a long time now. The major players know you dream of making it big, buying a car, having a steak, and all the other things Roger wrote about, just by doing something you enjoy (playing guitar but it could be your art, you talents in math or science, taps in a mobile game, or in this instance investing) and they'll welcome you in with open arms, convince you that they'll be a guide and there to help, knowing they'll get a cut just by letting you do what you do and finding a way to package it. People over simplify it with "if the service is free, you are the product" because they don't notice that the machine will also make you pay if it can. Money for order flow has made it easier for others to provide the space for you to do what you do without noticing they're cashing in even if you don't but don't forget that the machine can be other investors. The machine can be the large firms. The machine can be investment advice columnists. Hedge funds and brokerages aren't the only 'machine operators' in the financial industry.

Which firms use Citadel and which ones don't?

They all use Citadel.
I'm not joking, I've kept up to date on execution venues (people probably thought I was just lecturing them about understanding order flow here but I dislike Virtu as a venue and Apex as a clearing firm which I've talked about here for years) and the concentration of orders being fed to the short list of venues has not changed in a positive way because that's where the money is. The idea for this post came to me this morning because no news article, no TV interview, and not a single hot take on Twitter I've read so far has managed to mention just how embedded Citadel individually is in the modern market. I had AOC's live stream on in the background last night and even the guests seemed to imply that Citadel is a little firm propping up Robinhood and that nobody could have seen this blowing up one day. These relationships (even down to how much money is paid) are public by law. Every quarter, both sides are required to release data on order flow in 605 (raw), and 606/607 reports.
Here's a quick rundown of places I could come up with off the top of my head that use Citadel as their primary or secondary execution venue and what percentage of orders for S&P 500 listed securities they recently sent through Citadel:
Firm Market orders % Marketable* limit orders %
e*Trade 36.33 37.16
Schwab 31.61 30.06
TDA 60.04 59.25
Edward Jones 36.91 47.49
Webull 50.85 53.71
Interactive Brokers 25.34 11.24
Wells Fargo 35.02 32.85
Firsttrade # 0.95 0.60
TradeStation 28.14 26.90
ally 40.15 44.76
Robinhood 50.82 50.24
Alpaca $ 11.07 3.31
IEX % N/A N/A
Fidelity 52.28 45.09
Apex clearing @ 40.97 42.76
Wealthfront 100 50.01
Tastyworks 59.97 61.18
* Marketable limit orders are those that immediately have a chance of executing against the current spread
# Firsttrade is predominantly a dark pool only sending orders away when they require liquidity
$ Alpaca is an API-first firm which I like and talk about on Discord sometimes because I wish RH would open their API but they're still backed by Apex which I dissuade everyone from getting involved with because Penson Financial Services.
% IEX is a closed loop exchange that internally clears orders among customers (great source for free order data to test algos)
@ Apex is the clearing agent for many smaller firms including Public.com, Betterment, Acorns, M1, Rize, Stockpile, Stash,
Now, when you look at that list, remember three things:

Where to go?

Fino.
If IEX was larger, that would be a decent alternative for equities but they don't have a silly app that looks good in screenshots but tells you nothing useful. I can't think of a self-directed firm that can currently exist without Citadel and the rest. If you do, post about it, I guess.

More things I for sure do not know...

...but hope someone wants to talk about.

Disclosure

Doxxing myself more and more but I worked for a market analytics/quantitative research firm in the city that was eventually gobbled up by Virtu. I'd moved abroad months earlier anyway but we loved that job and they only wanted the algos we'd designed so fuck Virtu.
My current day job makes trading public companies complex (which is why I only talk about algotrading ETH on Discord). Most of my self-directed play money is still with TDA (haven't made a trade there or on RH in almost three years) but the majority of my family's assets, my retirement, my kid's inheritances and college funds, and on and on have been handled by GS for nearly two decades and likely will continue to be even after I return to the private sector. Now, what would be sweet is if Goldman Sachs would extend their investment arm (which sends orders directly to exchanges) to the general public like they have with their Marcus savings accounts. If they could devise a way to legally pass a good percentage of all (would be dependent on volume of the security, etc.) orders directly to the floor as a bundle, they'd break even at best on it but that would actually 'democratize the market.'
submitted by CardinalNumber to RobinHood [link] [comments]

We need to talk about NOK

We need to talk about NOK
​
Feb 4, mid-market: Thank you everyone for your support. I really don't know what to say. The company keeps getting pounded because GME is having a sell-off, which doesn't make any sense. But that's the market for you. It doesn't always make sense.
I still believe 2021 will be a big year for Nokia, although it doesn't look like there is any way we'll manage the crazy play anymore. Still, it was nice to see something that was impossible become possible, even if it was for only a few days.
And remember, we can still do it any day. All it takes is for us to work together. If you want. Make up your own mind.
I'm still holding. NOK will recover from this. Fair value is at least 4.81, and way more when 5G really gets going. So if you can, I would buy some more now. You'll thank me later for the tip. It may not be the most exciting play, but it is what investing is all about. Slow and steady growth that compounds to make a big change.
One of these days I'll be able to post again, when the mods lift the restrictions on new posts and things get a little less crazy around here. When I post again about NOK, I'll post the link here too. Thanks everyone!
Feb 4 premarket: Earnings out! They beat expectations a bit, their revenue was a little smaller than expected. Overall, good quarter, good year. Here it is: https://www.nokia.com/system/files/2021-02/nokia_results_2020_q4.pdf
Feb 2, end of day: It's getting pretty crazy out there, but here's what you should know. The NOK chart is following the GME chart. It's got way more shares so the bumps and dips are more stable, but that's the main trend.
What that means: GME has no underlying value at this level. It is a gamble on the short squeeze. It might pay off, or it might not. If people panic sell like yesterday, it won't.
NOK is very different. It has underlying value. So if someone dumps it below its target price, the best thing to do is just to buy and wait for the value to go down. Thursday NOK reveals its earnings, and they are likely to be good based on what Ericsson revealed. Ericsson is one of its main competitors and a very similar company currently trading at twice the NOK price.
Feb 1, end of day: Told you it was a value share! Still trading at target, still low risk.
Either dumping has stopped, or normies are piling in because of the results. Either way good news, hope you made some money today!Vol today 190m, still way above average. Normal average 30m before we changed it lol. That means since Wednesday over 2bn shares have changed hands. Hope you got em!
Ericsson (NOK competitor) results suggest NOK will report good numbers this week, NOK upped to BUY on market watch: https://www.marketwatch.com/story/nokia-upped-to-buy-after-ericsson-results-2021-02-01
Unless my math is retarded (which it is cos ahmsodumb), if everyone (7m) on this sub spends $3000 at current price ($4.55) we BUY THE FLOAT. The more they keep dumping, the more shares we get cheap. Think about it.EDIT: buying the ENTIRE float is NOT the point of this play. I know share price goes up when supply is restricted, just read the play. This is just an example of what happens when they dump a value share on millions of retail investors.
BLACKROCK IS IN PEOPLE: https://fintel.io/so/us/nok/blackrock
Robin hood increases NOK allowance to 2000 shares for next week (still any allowance is CRAZY because it's a VALUE SHARE THAT HASN'T BUBBLED) https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?fbclid=IwAR2SK9VQOI_eBgBF0SK4-R1eQjBkSAe3sd6KMwSBaCPmz38e5cc8siRdhEY
You dump a VALUE STOCK on me and think I'm in danger?
​
Added new summary (30 Jan), and Q&A.
FIRST OFF: This post is not financial advice or anything except the rant of some idiot retard who is an idiot. I tell you straight up that there is a normal investment side to the NOK play (STILL MEANS RISK, which YOU will have to decide!) and that there is a CRAZY side that is PROBABLY IMPOSSIBLE. If you want to play the crazy play then you’re also a crazy retard idiot just like me.
I don’t know shit, I just look at graphs and go WOW. Do your own due diligence, I am not a financial advisor. Don’t ask me if you should buy, I don’t know, can you afford to? Are you comfortable with the risks? I don’t know these things. You do.
NOK PLAY:
Here’s how it works. YOU DECIDE if you want to take part.
1.It’s not a short squeeze like GME. Get that out of your head.
2.It’s a value/momentum play. The value part is just normal granny&grampa investing. See a good company going cheap, buy and hold. Tell your mom, dad, granny and grampa, cousins, relatives, friends.
3.The momentum part is the crazy part, and if it works the share will SKYROCKET as long as YOU DON’T SELL. GME is the biggest short squeeze in history, the NOK play could be the biggest value buy in history.
  1. The beauty of it is that it works because Wall St is dumping NOK irrationally. That’s why the price is going down (slowly). They think they’re attacking us and slowly winning, but they’re giving us a value share cheap = their money, our pockets. By the time they realize what we did, it will be too late.
  2. Don’t panic, and keep buying the dumps (if you think the company has value), and if we hold the line you could see a miracle.
3310 HANDS
​
Value Part (crazy part in Q&A):
The company is healthy, has good financials, it’s a market leader in 5G (it’s main competitors are Huawei and Ericsson, they have about the same market share share of 5G) a lot of potential to be the company that builds 5G for a large part of the world. NOK is currently trading at a standard price for the value it holds. It is not a bubble.
Here’s Nokia’s 5G contracts: https://www.nokia.com/networks/5g/5g-contracts/
Here’s Bloomberg shitting bricks that we’ve realized that Nokia is a value bet: https://www.bloomberg.com/opinion/articles/2021-01-28/gamestop-may-be-a-reddit-wallstreetbets-game-but-nokia-sure-isn-t
Nokia also just unveiled new 1tb tech, the thing AFTER 5G. First on the world. They have it, they’re showing the world it works. Here is their press release from Wednesday: https://www.nasdaq.com/press-release/nokia-and-elisa-push-network-boundaries-with-worlds-first-1t-deployment-2021-01-27
They are so trusted that NASA got them to build a cell network on the MOON. Literally. If you’re NASA, would you hire your retard uncle Earl to build cell towers on the moon? No, you hire someone who CAN ACTUALLY DO IT. Imagine what it takes to build something really big and complicated on the moon? Now imagine who’s the likely guy who can do it. That’s right, NOKIA. Here they are, going to the moon: https://www.nokia.com/about-us/news/releases/2020/10/19/nokia-selected-by-nasa-to-build-first-ever-cellular-network-on-the-moon/
If the Huawei 5G war continues, who do you think US and Europe is going to back, especially since NOK already has the next tech, owns a bunch of patents, is from FINLAND that has never tried to take over the world and has a brand that EVERYONE who lived in 2000s remembers?
Here’s a guy who’s been doing the numbers for a while now in case you want to see them: https://www.reddit.com/useJimming/comments/l7f6ua/part_iv_option_chain_analysis_on_nok_and_why_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf I don’t know him, I don’t know the numbers as well, but looks pretty good to me. Amazing due diligence. But what do I know, I’m an idiot. So is he. So are you. We’re all fucking retards, just ask Wall Street. I poked myself in the same eye twice yesterday. We’re “dumb money”. They have other names for us too.
So, worst case, you just bought into a good company at a fair value. If the crazy play doesn’t work, you just hold on to them and let them become the world leader in 5G. Unlike GME (NOT SAYING SELL!), NOK will not fall 99%. Or if it does, I'M BUYING THAT SHIT because if a HEALTHY COMPANY FALLS 99% you make some CRAZY MONEY on that when it bounces back.
Q&A
Q: You retards were tricked by bots to buying NOK, there’s no short
A: This just full on doesn’t get what the play is about. IT IS NOT A SHORT SQUEEZE. THIS IS NOT GME RINSE REPEAT. GME IS A DIFFERENT PLAY. NOK IS A VALUE PLAY. How many more ways can I say it? Not sure. How many more do I have to?
Q: Stop taking attention away from GME you retards
A: Nobody is saying sell your GME. Nobody is saying that. GME is too expensive for a lot of people, and GME is VERY RISKY and NOK has genuine value behind it. If the NOK play works, those people who couldn’t afford GME can still get on & get rich. If it doesn’t, they most likely still make money on a good company.
Q: This play is impossible / crazy / it’ll never work / there are too many shares you retards
A: This is ALMOST true. This play WAS impossible until 1/27/2021. That is why nobody has EVER tried anything like this. But it’s NOT impossible anymore. Look at this graph. Look at it. See that spike? What the fuck is that? I’ll tell you my fellow autistic space boot packin 3310 using NOKSTER.
​
https://preview.redd.it/v473xl00ghe61.png?width=2182&format=png&auto=webp&s=bf5aac455156dbadb919b80afacb5232af0a05b5
That spike was them running out of shares for half an hour. Trade was stopped until they could find more, to avoid an artificial spike in the price.
Proof? Look at the volumes. A small sale (red) causes a small dip. Two small buys cause a MASSIVE SPIKE. They ran out, and had to call their friends to liquidate more shares so the price wouldn’t skyrocket "artificially".
But that’s IMPOSSIBLE for NOK. NOK has 5bn shares. Nokia should be much more stable because it has so many shares, having a crazy demand spike is crazy. I saw it, and fell off my chair and since I’m such a retard it took me an hour to get back up.
So it was impossible, and that’s why Wall Street won’t see it coming. They think this is their attack and they’re about to break through our ranks, but they’re actually playing right into our hands.
Wendnesday, we moved 1bn shares. Thursday, when nobody could buy, we still moved 500m. Yesterday, we still moved 360m. We’ve moved so much NOK in the past three days, the average volume of the share has MORE THAN DOUBLED in THREE DAYS. The play is not impossible anymore, but Wall St thinks it is, which is how we can use their own strength and mass against them. But the value buy still makes sense WHENEVER you see someone dump a valuable share. Someone sells you a 100$ bill for 90$? Buy it.
They attack? We absorb. They dump, we buy, they run out of shares, we hold. They’re fucked, and they just handed us a bunch of value shares at an undervalue = they just gave us their money. They are just giving it to you. When they realize they can’t buy them back at a lower value, what do you think is going to happen?
Q: We don’t do value plays, we do short squeezes you retards
A: Go back to April. Look at u/DeepFuckingValue’s position. GME was a value play. It’s only in April that the Short Squeeze became possible. Look it up yourself.
Will a short squeeze also happen with NOK? It’s unlikely. Hedge Fund Assholes have been increasing their shorts in NOK in the last few days, but they won’t go over 100% on 5bn shares because they're not as stupid as me. But it doesn’t have to happen. We just need to buy the dumps. If they short, great. More money for us as long as we don’t let them drive the price down with the dumps.
Q: Why is NOK not rocketing?
A: Because Wall Street is dumping, just like I said they would after the Wednesday spike. That’s the whole plan. They dump, we hold the line, buy the dumps and keep the price steady.
The GME short squeeze guys waited for this for UP TO TWO YEARS. I saw it in April. I thought it was crazy. I didn’t jump in back then. If I did, I’d have about as much money as u/DeepFuckingValue. On a value share, you can afford to wait. GME was originally a value play. That’s what I should have realized in April.
SO JUST WAIT AND HOLD (if you believe and idiot like me, which you shouldn't, no need to message me about it). It’s been two days since this play even became possible.
Q: How do we know it’s working?
A: Look at the volume of shares traded. Nokia has 5bn shares. In the last three days, nearly 2bn have been traded. The price is still up from last week. That’s how.
This has already been a giant dumping campaign. How come the price hasn’t floored? What happens if we just buy it all up?
What happens if they run out, and then their shorts blow, the price bumps up, CNBC tells the world we broke another short wall, everyone piles on, Wall Street realizes they just gave us their shares at an undervalue and try to buy back, we don’t sell, we have all the shares? The Wednesday spike is what happens, except this time there is no stopping it. If they stop trading again and try to dump some more, you just buy up the dump and keep the spike going. Spike stops being a spike and becomes a floor.
​
Q: Where will this max out and when?
A: What do you think I’m from the future? I just saw an impossible thing happen on Wednesday, and we need to make it happen again. Look at the graph. Look at it.
Set your targets to $3310, that should do it.
Q: When should I buy? What should I buy? Should I buy?
A: Be your own person. Buy when you feel like it, if you feel like it.
Q: Wall street bots are promoting NOK.
A: I don’t give a shit. If they are, and we keep buying, they are promoting giving us money.
​
Part 2: (29 Jan)
First off, much as I appreciate the love, I can’t play your hand for you. You have to make your own decisions. Do I know where NOK is going to be tomorrow? Nope. Nobody does. All that I have for you is the news from Wednesday that this play is no longer totally impossible:
  1. I think the assholes are going to try to dump you out of the market
  2. It won’t work if we keep the demand up.
  3. The way we keep demand up is we buy, and others will follow us because the company is good.
  4. When they realize it won’t work, they’ll need to start buying back in.
  5. Then it’ll be too late, cos they dumped their shares on US and we are RETARDS who HOLD. That means that when their shorts start to go bust, the price will jump up (a little bit, not like with GME at first – this is a different play based on the health of the company, not a straight up short squeeze. The short position on NOK is much smaller).
  6. When the price jumps up, and the GME guys start cashing out, they need somewhere to put that cash. Some of them pay off student loans, or buy cars or whatever, but the smart ones will go NOK.
How you play it is up to you. I can’t tell you if you should buy, what minute to buy, what app to use and so on. All I can say is I buy the dumps. You need to decide for yourself if you want to do it. You can see the dumps on any app, or even yahoo finance. I buy NOK on NYSE, and I buy straight up shares (so they can’t lend out mine for shorts) but you’re free to do what you want. I’m a retard, you’re a retard, we’re all autistic fucks, we make up our own mind and stick with it.
Secondly, what I said yesterday morning would happen, did happen. And it happened exactly like I said it would. So don’t get scared off, just buy the dumps. And they know that they’ll be fucked if we keep buying the dumps. That’s why they stopped us from buying NOK.
NOK hasn’t bubbled, stopping us from buying NOK was because they know we’re on to them. They know the dumps won’t work if we JUST KEEP BUYING and HOLDING. The play works, they’re scared, we caught them with their pants down, they’re trying to get ahead of us.
OK, so about what happened yesterday with RH and others. I’m so fucking angry about this.
What RH and others did is completely insane. Their argument is “you guys are throwing your money away on a bubble, we’re just protecting you”. Bullshit. I won’t comment on GME, I’ll let u/DeepFuckingValue or one of those guys do that. I’ll just say, that short squeezes happen with hedge funds all the fucking time. Why is trading not stopped for them? They have people’s fucking pensions that they’re playing with.
But for NOK, it’s TOTAL BULLSHIT. Here’s why:
  1. NOK HAS NOT BUBBLED. Look at the graph. Look at it. It is still down from 2016. NOK is well within normal variation. Long term, you barely see the spike from a couple of days ago. There is nothing to “protect us” from. They’re protecting themselves.
  2. The NOK play is not a straight up short squeeze. The play is HELPED by the shorts that are there, as long as we can keep the demand up and keep the price up against the dumping, but that’s all.
  3. NOK is a healthy company, with new and important tech, a great brand, a lot of potential. You want to see why, read the original post. ANYONE who sees a company like that being dumped for NO REASON would buy. So should you. They are only dumping it because they’re trying to fuck up our play.
Ok that’s enough for now. I’ll see you all when I’ve got my space boots on, in my house on the FUCKING MOON, next to a NOKIA Comms tower, or I’ll see you in VALHALLA with my broke ass. If this doesn’t work, then at least you TOOK ON THE MOTHERFUCKERS and EARNED A PLACE at the table with FUCKING ODIN.
UNBREAKABLE 3310!
ORIGINAL POST (28 Jan):
I get it, it’s not the play. I’m not saying sell your GME. I’m not a bot or a spy or a wall street asshole. I’m a regular guy who’s got a couple of bucks in his bank account and plays videogames and wants a fucking house to live in like my parents had when they were young. If you don’t agree with me, just say so.
I’m also not a financial advisor, so make up your own minds you autistic fucks.
But, BUT, yesterday we did something they’ve never seen. Yesterday, we made them run out of NOK shares. That’s what that big spike was, and that’s why trading was stopped for 2h. If we keep doing that, it will be the biggest wall street wealth transfer from assholes to retards in history. Because they will keep dumping it until it’s too late.
Impossible, you say. Too many shares, you say. Well listen up. Yesterday, in ONE DAY, we traded, or caused others to trade, 1bn shares of Nokia. That is 1/5 of all the Nokia shares in the world. That’s never happened, EVER. Not even when Nokia was the biggest phone company in the world.
3516.16% of average trading volume.
Do you get it? They’ll keep dumping their stock, we keep buying them cheap, and then they won’t be so cheap anymore when they try to buy back in. We can move 1bn shares IN A DAY. ONE DAY. 🚀🚀🚀🚀🚀
Why do they stop trading in NYSE? Cos they ran out of shares temporarily and they don’t want “artificial” spikes in the prices. So they made us retards wait a couple of hours while some assholes called some other assholes to unload their shares into the market, and once they had enough, they started again. That’s why that spike went down right after the freeze.
But then we did it again. And they had to stop again. The price just wouldn’t go down. The assholes who’d just unloaded shares were probably back on the phone with the other assholes who’d convinced them.
Everyone is watching us. What we do, millions of normal folks do with us, and every wallstreet asshole does against us.
What did the asshole brigade do? They started shorting NOK. They will continue to do that, because they think we’re retards (they are correct).
But how come the price didn’t go down? It’s got 5bn shares, and everyone whos ever held it was dumping it. How could we ever keep up the demand when there are so many shares out there? How is this going to work?
Because the retard brigade was buying it. There’s 3m of us and counting. If we each put 600 bucks on NOK, we get 100 shares, and that’s 300m shares.
Now imagine what happens if we put 6000 on it. AND. FUCKING. HOLD. And every dip you see, you buy more. AND. FUCKING. HOLD. They'll keep dumping, we keep buying, until they realize the price isn't going down. Then they start buying, we keep holding, the market runs out of NOK. Price skyrockets.
And normies outside were following us. They can see that the stock is still LOW, lower than 2016. This means they don’t think it’s a bubble that’s going to crash on them.
So why do the normies follow us on this, and not on GME? (I’m not saying sell GME).
Because GME has never, ever been anywhere near where it is now. That scares a normal guy who’s just trying to put in some savings for his family. They think this is some Dutch tulip market shit.
Not so with NOK. Even with the spike from yesterday, NOK is still DOWN from 2016. Remember 2016? Remember that being a really big year for Nokia? No, me neither. And let’s not even get started on where it has been in the past. Yesterday's spike barely shows on the graph.
You know what is going to be a big year? 2021 and 2022. Why?
What else did NOK say yesterday? Well, they revealed that they have a new kind of 1 terabit data transfer networks shit, what do I know, I’m not a techie. But it IS a new kind of technology that’s going to kick 5Gs ass. And my fellow retards of the most honorable retard brigade – Do you think we’re going to need more data this year than last year?
Remember how Netflix had to downgrade its picture quality in March because the networks couldn’t handle the amount people were streaming? What do you think is going to happen with the company that solves that?
But why would NOK be the company? Well, remember the 5G war with China?
US and Europe can’t buy 5G from China, because then China has our networks. But guess who US and Europe aren’t afraid of? Fucking FINLAND. Finland, the land of NOKIA. So tiny that some people think the whole country is a conspiracy theory and doesn’t really exist. Sorry Finnish people, nobody gives a shit about you. Good thing for you, cos you get to build the 5G network on the moon and shit because nobody is scared that Finland will take over the world.
Want proof? They are literally building one on the FUCKING MOON: https://www.nokia.com/about-us/news/releases/2020/10/19/nokia-selected-by-nasa-to-build-first-ever-cellular-network-on-the-moon/
And we’re going to send them there. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
But hang on, why is NOK so low in the first place if it’s so great?
Answer: because Microsoft fucked them. That’s right, they sent one of their own assholes to infiltrate the NOK, leak a bunch shit to drive the share price down, and then buy the phone part of the company. These assholes wrecked the company, the Finnish economy, and every middle class shareholder who was just trying to put their kids to college. Imagine everyone who’d be fucked if someone did that to Apple now.
Worked like a charm. Firesale. Business restructuring. Lost their phones. NOK never recovered.
The asshole they sent from Microsoft? Went back to work for Microsoft, and was paid a shit ton of money for what he did. His name is Stephen Elop. Look it up.
So they have tech that nobody else has and a brand that everyone recognizes. But what don’t they have? Money. That’s why they’re building this 1tb magic network thing in tiny fucking possibly fake Finland to show everyone it works.
But if we drive the share price up, do you think that’s going to change?
So FUCK IT. I’m in for every penny, and I am HOLDING. I’ll see you in my house ON the MOON next to a NOKIA Comms tower, or I’ll see you in VALHALLA you BEAUTIFUL RETARDED MOTHERFUCKERS.
TL;DR: NOK is literally going to the moon. Go there with them. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
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submitted by Mullernuller to wallstreetbets [link] [comments]

[Warhammer 40k] Gaming Company Makes Money, but Demoralizes Fanbase

I’m a semi-avid Warhammer 40k player and the game has been hit by a number of small, cumulating drama bits over the last few years, so I thought I’d write them out here in case anyone was interested in learning about them.
Disclaimer: I do have some strong opinions on the drama and I have done my best to keep things neutral in this post. Please do feel free to call me out if I let my thoughts about the Stupidface McSpaceymarines show too much.
Background information:
Warhammer 40k is a tabletop miniature game distributed by Games Workshop (GW). The poster children of 40k have long been Space Marines: the elite, genetically augmented human super-soldiers and it is around them that this story revolves. Warhammer 40k is currently in its 9th edition, with rules for each army distributed in its codex.
The factions in Warhammer can be broken down into 3 broad categories. Remember this for later. As listed on GW’s website, they are: the Imperium (all flavors of “good guy” humans, including the aforementioned Space Marines), Chaos (daemons and fallen humans), and Xenos (myriad alien races, including Egyptian robot zombies, communist fish weebs shogunate cow weebs , clown elves, and British soccer hooligan orks).
In 2017, GW’s general manager stepped down and new company leadership took over. This is where our story begins. For a while it was good: GW was making record profits, fans were fairly happy, and the hobby seemed in a good place. Then players started realizing that something didn’t smell quite right.
8th Edition and the coming of the Primaris:
8e was released in June 2017, with the new rulebook alongside a Space Marine codex and “Index” books with units for all other armies, so nobody had to wait to play their respective faction. The indices were bare-bones and contained few of the abilities, relics, and special rules that each faction would receive when their full codex was released.
8th edition was also heralded with an entirely new line of Space Marine models, the “Primaris.” These are the tacticool bigger brothers of the “oldmarines” and a massive refresh of the aging Space Marine model line. They are bigger, badder, and shootier. Primaris marines were a hit and sold extremely well and GW profits reach new heights.
Over the next year and a half, a new faction’s Codex would release every 3-6 weeks. In a game with 20+ factions, this meant - if you were lucky - you’d get full access to your army’s abilities/relics/units in 6 months. Most armies were covered by the time the edition had been out a year. Depending on whom you ask, this is either an unacceptably long time to wait or surprisingly quick compared to previous editions. At this point, fan morale was fairly high: we saw lots of quality new content, a more-responsive and friendly community face, and promises of hotly-demanded future releases (whooo Sisters!). GW released a steady stream of new Primaris models throughout this edition, flushing out the new line.
Capitalizing on the popularity of Primaris, GW took the previously-unheard-of step and released new, turned-up-to-11 Marine codices in 2019, as well as 6 extra Space Marine sub-faction supplements and a new Chaos Space Marine codex. The meta had been fairly healthy and consistently evolving, but these supplements resulted in massive imbalance, buffing a specific Space Marine chapter so much that it near-exclusively dominated tournaments until it was patched. In retrospect, this was a sign of things to come.
The long-awaited Sisters of Battle also came out in fall 2019 (whose preorder sold out within minutes) and an expansion called “Psychic Awakening” was released from Oct 2019-July 2020. It was neat lore-wise and contained a few new rules/units, but not otherwise noteworthy.
The Gathering Storm:
9th edition was released in July 2020, but was touted as an “8.5e” where your old books and rules would still be valid, with some modifications as to the game itself. This was met with general good will from the players, as the books they bought a month earlier wouldn’t be instantly outdated. As is tradition, it was released with a new, now third Space Marine codex and one for the Necrons (the aforementioned Egyptian zombie robots), as well as a box set containing new units for each army. Unfortunately, this is also where the crux of our drama kicks in.
The release box set contained incredibly powerful and divisive Primaris units, Eradicators, which could only be obtained from this $200 USD box. Eradicators are an anti-tank unit new to 9th edition whose mere existence single handedly pushed tanks/armoured units and the factions that relied on them out of the meta.
Additional criticism came because the design of the Eradicators came across as “stealing” a specialist xenos unit - Eldar Fire Dragons. For perspective, Fire Dragons and Eradicators cost about the same in-game and have the same role, but Eradicators output far more damage at a longer range and are significantly harder to kill. Fire Dragon models are also 30 years old and look it; the Eldar range is one of the oldest still sold and in desperate need of updating. Understandably, Eldar players were upset. The box also contained the extremely powerful Bladeguard, but they went largely ignored due to the fecal storm Eradicators kicked up.
GW then doubled down. Unlike in the previous editions, where the supplement books were saved until the vast majority of codices were released, GW chose to near-exclusively prioritize releasing the Marine supplements, resulting in months of only new Marine books. By now, the strategy was clear: the Primaris money printer was in full BRRR mode. At the time of this writing, seven months into 9th edition, the following rule books are available: 1 xenos faction, 1 chaos faction, 0 Imperium, and 5 Space Marine.
Oh...wait. Did I separate Space Marines from Imperium, despite saying above that they’re all one happy family? Apparently not so much. During all of this, GW’s website broke Space Marines out into their own, separate 4th listing that is categorized on top of all other Imperium, chaos, and xenos factions.
Players began to notice the trend in model releases more and more, as if the Eradicators were the watershed moment. Since 8e, Marines alone have received the vast plurality/majority of new model releases over the last 3+ years. Remember, they’re still just one faction of about 20 who are now receiving the support of the other 19 combined. While the new Primaris line was positively received initially, the constant drumbeat of new Space Marines with only token attention to other factions began to drive a wedge between players and blowing up grimdank with memes. Even factions that got large rework releases paled in comparison.
Other players questioned why so many new Marines were being released when armies were stuck with aged resin models that date back to the Clinton administration (and much older than the pre-Primaris Marines). For example, older armies were stuck with models like this. Worse, GW’s brand of resin (FineCast) is commonly referred to as “FailCast” in the community due to its poor quality and difficulty to work with. This feeling of neglect hit xenos players in particular, though some Imperial factions also had good reason to be upset at the quality of their old old models.
Rumbles in the Warp:
In retrospect, there were a number of warning signs from GW that issues were brewing. A Hobby Drama post could probably be written about any of these individual events, but here is a TL;DR of each:
In Defense of Marines:
Players on the pro-Marine side frequently point out that a good cause for their preferential treatment exists: money. Undoubtedly, Marines are the most successful single product line, and can you blame GW for milking it? The equally-common counterargument is that it’s a chicken-and-egg issue: that Marines are only the top seller because they get the majority of the new kits, updates, and advertising.
Defenders of GW point to a number of other factors on their side: promises of future updates to other factions, that very real possibility Covid may be affecting production, and that older editions have been far more sluggish with content. They also point out that the Necron and Sisters of Battle factions each have received much-needed new model refreshes in the last few years, albeit nowhere near as expansive as their own. Marines were certainly in need of updating when the Primaris line was introduced and it went a long way in helping the supersoldiers fit their lore on the tabletop.
While some Marine players were initially concerned that the pre-Primaris armies that they dumped thousands of dollars and at least 3 hours into painting would be suddenly outdated or unusable, GW has continued to support them and point to this as a sign of goodwill.
Finale:
Unfortunately, there has been no real happy ending to this drama. For some players, the lack of resolution has caused them to hit a stage of burnout: a place of feeling that non-Marine factions deserve attention, but that the complaints are so commonplace that people are just whining now. On the other side of the spectrum, xenos players can feel a learned helplessness, as there’s not much they can but accept their fate and make snarky comments on WarhammerCompetitive. Some people try to hold optimism that the new and improved GW will pull through, burning themselves out on the Primaris line while others put their head down and play as they always have.
But the issue barrels forward as the Primaris money printer hums its “brrr” in the background.
TL;DR - Gaming company builds bridges of goodwill with fans, then torches them due to impressions of favoritism and greed.
submitted by apathyontheeast to HobbyDrama [link] [comments]

MVIS: Shiny Laser Go Pew ⚡ No But Seriously They Are Gonna Take Over The LiDAR Industry

MVIS: Shiny Laser Go Pew ⚡ No But Seriously They Are Gonna Take Over The LiDAR Industry
So, the day has come, and MicroVision's market cap is finally big enough so that you won't get banned for mentioning it on WSB. But what is it? Why have they seen an 800%+ increase in three months? Where are they headed? Allow me to explain.
About Them
MicroVision, Inc. (MVIS) makes futuristic-as-fuck laser technology that's used in self driving cars and augmented reality headsets. This already sets them apart from a major competitors like Velodyne (VLDR), which focuses solely on LiDAR for self driving cars.
Sumit Sharma, the CEO, was head of operations at Google's Project GLASS and has worked to map hardware development at Motorola, also worked at Jawbone. Source
Why have they been increasing 800% in three months while similar companies in the same sector see a fraction of that gain?
Because their tech is much more advanced than the competition, and they were (are) criminally undervalued.
The reason they're so undervalued is because the first thing hedge funds see when they research a potential investment is the balance sheet, and on paper MVIS looks like shit. (Low assets, high liabilities) Even I saw the movement back in December, did some research, and was like "Wtf is this? I need to get puts" But once you do research into their product, who their customers are, and the future of the industry that they are involved in, you see that MicroVision is a turnaround story similar to that of Plug Power; both are 90's futuristic companies that people got way too excited about in 2000, have struggled to make it to 2020, but now are about to finally have their heyday. And they got a $13 million equity facility (loan) in December that greatly improved their balance sheet, making them appeal to institutions, and bringing Vanguard and Blackrock to invest in MVIS days later. I actually had a hedge fund manager tell me that MVIS was doomed to run out of cash in Q1 2020, but if they secured funds then they would have a lot of potential. I go over that in the comments.
MVIS (left) vs PLUG (right) 1990's until present
Anyways, what is this "much more advanced" technology? I'll just let this chart do the talking:
The MicroVision Consumer LIDAR being compared here isn't even their model designed for self-driving cars, that will be coming in April.
The resolution it can take as input/second, the points per second, is key when it comes to how clearly the LiDAR sensor can see, how accurately it can identify what it is seeing, and how quickly it can react.
That chart is from 2 years ago and still the best resolution Velodyne can provide today is only 4,800,000 pps in their most advanced model, the "Alpha Prime"
3D Lidar Data Points Generated 2- Single Return Mode: ~ 2,400,000 points per second- Dual Return Mode: ~ 4,800,000 points per second.
VLDR has not publicly announced a price for their Alpha Prime yet, but historically their top of the line devices cost $75,000. I have seen unsourced numbers of the Alpha Prime costing $100,000. That was last year, will probably be brought down to be more reasonable for automakers to purchase. They did announce a $500 model called the Velarray H800 in November, but the only thing they said about its pps resolution is that its "outstanding"... lol.
As for Luminar (LAZR), they will launch the new model "Iris" in 2022, which will cost about $1,000: (the same price as MicroVision's device to be revealed in April). It will also only operate at 10Hz. This is similar to playing a racing game at 10FPS. If you know anything about video games, you know that this is unplayable.
Iris will cost less than $1,000 per unit for production vehicles seeking serious autonomy, and for $500 you can get a more limited version for more limited purposes like driver assistance, or ADAS. Luminar says Iris is 'slated to launch commercially on production vehicles beginning in 2022,' but that doesn't mean necessarily that it's shipping to customers right now. The company is negotiating more than a billion dollars in contracts at present, a representative told me, and 2022 would be the earliest that vehicles with Iris could be made available.
A lengthy post has been make comparing Luminar's resolutions with MicroVision's, which was not easy to calculate because Luminar said their resolution was "300dpi/spdeg", a statistic that is incomprehensible for shareholders because its not the common specification of millions (3D) points per second. Here's the math, I sum it all up at the bottom:
Luminar's Hydra claims resolution of "up to 200 points per square degree" and a FOV of 120° x 30° (degrees). (and 300 points for Iris, the one coming in 2022.)
However, the vertical FOV can be configured from 1° to 30° , which likely explains the use of "up to" in the resolution numbers. Generally, as FOV expands, resolution shrinks, assuming a constant pixel stream. This is why Alex Kipman made such a big deal about MSFT maintaining resolution in Hololens 2(YT links aren't allowed apparently) while expanding FOV because it required more pixels to do so.
Specifically, regarding Luminar, is 200 points per square degree available when FOV is at the maximum 120° x 30°? Or is it available only at a lesser FOV such as, for example, 120° x 5°? The use of "up to" suggests the latter.
Even assuming 200 points per square degree at 120° x 30° is available, which is not conceded given the stated "up to", that would yield a total resolution of 720,000 points. MVIS claims capacity in excess of 20M points per second. At a resolution of 720,000 points, Luminar would require a frame rate of 27.7 Hz to equal 20M points per second. Luminar's specs do not suggest that its technology is capable of such a high frame rate at this resolution. This is not surprising given it does not use MEMS micromirrors but something more "mechanical" including, as per a recent patent, spindles and a drive belt
(1) At video time 19:56, Luminar compares the specs of its Iris product to industry requirements. The graphic reveals that Luminar's 2022 production lidar, Iris, will support resolution of 300 points per square degree at 10 Hz. Assuming that resolution applies to the entire FOV of 120 x 30 degrees and not just a portion of the FOV, that would imply a points per second value of 120 x 30 x 300 x 10 Hz = 10.8M points per second. If the 300 points/ sq. deg applies only to a smaller FOV, the points per second figure would be proportionally smaller. Microvision claims 20M points per second for its current MEMS lidar. The company also advises that its technology is capable of more than 20M points/sec.
TLDR: The best case scenario for Luminar is that their 2022 model will have 10.8 million pps, but in reality its probably much lower than that because of FOV configurations, careful wording by press releases, and Hz limitations. Additional Interesting insight on Luminar and their tech lagging behind is in the comments, this post is long enough already.
Again the MicroVision Consumer LIDAR (specifications) being used for comparison here isn't even their model designed for self-driving cars. Their device specialized for cars, the "1st gen Long Range LiDAR (LRL) Sensor", will be coming in April.
We expect our 1st generation LRL Sensor to have range of at least 250 meters and the highest resolution at range of any lidar with 340 vertical lines up to 250 meters, 568 vertical lines up to 120 meters and 944 vertical lines up to 60 meters. This equates to 520 points per square degree.
(For those who read the math on LAZR, notice he doesn't say up to)
It testing is successful, the 1st Generation LRL Sensor will be able to calculate velocity of objects relative to itself, and be able to be used in Level 3 and Level 4 self-driving applications
Our LRL Sensor will also output velocity of moving objects relative to an ego vehicle across our dynamic field of view in real-time 30 Hz sensor output. This sensor would accelerate development of Level 3 (L3) autonomous safety and Level 4 (L4) autonomous driving features that are important to potential customers and interested parties.
What is Level 3 and Level 4 autonomous driving?
https://preview.redd.it/n4c8831l9dh61.png?width=848&format=png&auto=webp&s=0652984c72da3159b53a4fc4058c9d9e33cc6b05
Level 1 is feet off, level 2 is hands off, level 3 is eyes off, level 4 is mind off, and level 5 is full passenger (you can sit in the back). So basically, they have that 2045 technology today, while everyone else is trying to play catch-up. How is it so advanced? It all lies in the high resolution of the laser sensors.
I've seen MVIS's LiDAR in action at a shareholder meeting. It can recognize people. This has been described on MicroVision's conference calls, and has been described with significant additional safety and convenience features.
This could identify individual people
Can distinguish between pets and people (or YOUR pet and the neighbors pet)
Can distinguish between normal behaviors and strange things that could be of concern
Could save face-scans of intruders and allow intruders to be identified later Source
If their devices can really recognize people, objects, and pets, it could integrate security verticals in MicroVision's business model. (Video surveillance is expected to reach a 144.5 B market size by 2027) Why not just use cameras? Cameras are worse at long distances,
LiDAR is the only sensor that gives you resolution at range: the ability to get very fine and very accurate detection of objects in space.
that's why Teslas use radar systems in addition to their cameras, still not good enough to prevent fatalities on the road using Tesla's "full self-driving" software. Also, cameras struggle with light glare, weather, and 3D imaging, while LiDAR fixes all those issues. The main advantage of cameras are their resolution, and MicroVision is bridging the gap.
So, will testing be successful?
We expect the capability of our LRL Sensor to meet or exceed OEM requirements, based on technology we have scaled multiple times over the last decade, as being a very strong strategic advantage. (Same source)
This product has been getting fine tuned for years and I am personally confident that they will be able to outperform in their testing.
Demonstration(YT links aren't allowed apparently) of their consumer LiDAR product from 2018 (make sure your quality is all the way up).
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Growing Industry
The self-driving cars market is expected to reach 220.44 billion dollars by 2025. This includes taxi, civil, public transport, heavy duty trucks, ride shares, and ride hail (UBER - 72 B mkt cap) applications.
Traffic Accidents in the US alone Cost 871 Billion A Year, even just yesterday there was an insane pileup on the I-35W highway in Texas that killed 6, injured 36, and damaged 133 vehicles.
Not only self-driven cars need LiDAR. In a few years, as soon as MicroVision's 1st Gen LRL is available, LiDAR systems will certainly become mandatory for (still) human-controlled cars to avoid collisions. This tech could become as revolutionary and successful as airbags. Airbags are a 37.3 billion dollar industry.
If only 10% of the cars produced annually contain four Microvision LRL systems, this will result in a volume of 364 million units in ten years. (9.1 million cars * 4 modules * 10 years) And this is a conservative calculation, both a higher market share, more cars produced, and more modules per car are conceivable.
At least 4 LRL devices will be necessary to establish a \"circle of safety.\"
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Augmented Reality
The Hololens 2 is an example of a Virtual Reality Device (VRD) manufactured by Microsoft that uses MicroVision MEMS Laser Scanning display modules inside.
NASA & Lockeed Martin using Hololens (Video)(YT links aren't allowed apparently)
'When a technician puts on the Hololens, they instantly see the work instruction, instead of having to go through stacks of rectangular data, whether its paper or another form of a screen'...
'We see a reduction in cost, increases in quality'...
'What we've found is we can take an 8 hour activity and reduce it down to 45 minutes'...
'We haven't had a single error that's been documented'...
From 2002-2006, MVIS commercialized versions of a monochrome (red) VRD for industry and the military. It was called Nomad.
Microvision also developed a full color version for the military, the Spectrum SD2500.
The military alone currently intends to spend almost $3B on IVAS, augmented reality devices that use MicroVision tech, in the next several years. (Video at 1:12 - "based on Microsoft's Hololens" - amazing, must watch - "lets you see around corners.. see through smoke") (There is a money trail to confirm too: financial report)
One of the many capabilities of the IVAS heasets.
MicroVision revolutionizing the way people use GPS systems, to launch in July. (GPS industry will be 146.4 B by 2025)
This new GPS system comes equipped with an augmented reality heads-up-display (HUD) that attaches directly to your sun visor. This laser-projected GPS micro-display, developed in collaboration with MicroVision, makes it appear that your route directions show directly on top of the road, letting you keep your eyes on the road at the same time.
There's a reason that Apple CEO Tim Cook said a few weeks ago that Augmented Reality is the "Next Big Thing."
Cook was asked about what he expects to be the biggest tech developments in the next five to 10 years. Cook’s response made it clear that he sees augmented reality as the future, calling it the “next big thing.”
Imperial College Healthcare using Hololens 2 to fight the coronavirus.
While attending a trauma call in the early stages of the pandemic, Mr Kinross noticed that 29 people were working in close proximity. He realized the established way of working would have to change dramatically.
Mercedes-Benz using Microsoft HoloLens 2 for faster, safer vehicle service.
Mercedes-Benz Virtual Remote Support
The technician is then linked with a Mercedes-Benz specialist working remotely who can see what the tech sees and communicate in real-time -- manipulating the holographic information with annotations, highlighting areas of focus, pointing at things in the real world and presenting documents and service manuals.
In the next few years, business verticals will be possible in the markets for smart glasses (Video)(YT links aren't allowed apparently) and projections with touchless input(YT links aren't allowed apparently) and gesture control. For example, an eyewear company could develop the smallest and lightest smart glasses device on the market using the chip in that smart glasses video.
In the MicroVision Augmented Reality video, for example, we share a potential module design using our existing MEMS technology platform that could offer the lightest, smallest in volume, low power module with up to 40 degrees field of view packaged into eye wear that resembles frames currently accepted in the market. I believe one could see how our module in the design example would be compelling for a mass-market product. Source
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Patents
MicroVision has 484 patents granted and pending. This was enough to get them on the Ocean Tomo 300 Patent Value Index. What is that you ask?
The Ocean Tomo 300® Patent Value Index includes the top value companies of the broad- market Ocean Tomo 300® Patent Index, as determined by the price-to-book ratio, and is diversified across market capitalization. It is the industry’s first value index based on the value of intellectual property and represents a portfolio of 60 companies with the highest innovation ratio (i.e., patent maintenance value relative to book value). Source
This index also outperforms the Russel 1000 and the S&P 500.
Their intellectual property includes in-house developed custom MEMS, custom optics, proprietary digital and analog silicon chips, embedded real-time firmware and software, manufacturing processes, custom automation and strategic partnerships that allow them to operate in a sleek model.
MicroVision patents and products therefore serve many future markets:
Whoever has the MicroVision technology may be able to eliminate the competition or demand license fees from them. Or the other way around: Whoever does not buy the technology can be excluded from markets. Therefore, bidding competition may arise to gain access to the market. Whoever has the best LiDAR system for cars will also be able to supply other components and software to car manufacturers. The car manufacturer who has the best LiDAR system has a big advantage over the competition.
​
All Notable Competition: Velodyne LiDAR, Luminar, Sense Photonics, Robosense, Valeo, SureStar
MicroVision: founded in 1993
Velodyne Lidar VLDR: founded in 1983, but as a subwoofer company 😂 and only got into LiDAR in 2005
LAZR: founded in 2012
Non-Public:
Valeo: Founded in 1998
Robosense: Founded in 2014
SureStar: Founded in 2005
Basically, MVIS is all these other companies' daddy. They have been working on LiDAR for almost 30 years and it shows, just imagine what they will be able to develop in a few years with more funding.
https://preview.redd.it/eh5csdcz9dh61.png?width=1600&format=png&auto=webp&s=068fe6f5508e693ace5c6c56d4d2a5d9294836fb
Insider Activity
MicroVision is very transparent with its inner workings of the company, you can easily reach out to them on their website under "Investors." One of many conferences held with Vice President David Westgor, investor relations manager Dave Allen, and investors of MVIS revealed:
As to the employee incentive plan, Steve Holt made the point that in his 7 years of experience (I think it was) with MVIS, NO EMPLOYEE had actually ever cashed out in the money options.
Case in point, on December 1s, 2020, the day after she joined the team, Judith Curran was paid with 3 million dollars worth of $3 calls expiring in 2022, and she has not cashed out.
On Yahoo it reports that the last insider sale was in 2014.
​
Institutional Investments
For reasons stated earlier, institutions have been late to the game on this one, but now are starting to get on the rocket ship before it takes off. MVIS is now the largest holding in the S&P Kensho Moonshots Index, (KMOONP), which is literally an ETF of stocks that are going go the moon 🌙 . Blackrock purchased 2.44 million shares on December 31, 2020. Vanguard purchased 6.61 million shares on the same day.
​
Recent Events
MVIS's stagnation really started to break on December 1st 2020, with MVIS when former Ford Executive Judith Curran was added to MVIS's board of directors.
Curran is an accomplished senior automotive executive with over 30 years of experience in vehicle program, engineering and technology leadership. Curran has a strong record of leading innovation at Ford Motor Company where she served in a number of executive positions including Director of Technology Strategy, where she developed the cross-vehicle global strategy for key new technologies including assisted driving, infotainment, new electrical architectures, and connectivity.
Doesn't take a genius to figure out they were about to ride the EV wave, and were appointing the right people to be poised to do so.
Eight days later on December 8th 2020, the US Congress approved approximately $700M for the roll-out of IVAS in 2021.
7 days after that on December 15th, MVIS broke $4 for the first time in nine years.
December 29, 2020: MicroVision Announces $13 Million At-the-Market Equity Facility (this is huge for improving balance sheet and attracting hedge funds/institutional ownership)
So far, our team remains on track to complete our Long Range Lidar sensor sample in April 2021. We believe this financing will further solidify our balance sheet as we remain committed to pursuing strategic alternatives and establishing value for our shareholders,” said Sumit Sharma, MicroVision Chief Executive Officer. “We expect a stronger balance sheet will provide the Company with runway through 2021 and into the first quarter of 2022 to enable us to continue development of our lidar sensor while pursuing strategic alternatives,” said Steve Holt, MicroVision Chief Financial Officer.
December 31: Vanguard adds 6.6 million shares, Blackrock adds adds 2.4.
January 20, 2021: Apple CEO Tim Cook says Augmented Reality is the "Next Big Thing."
Feb 2, 2021 YooToob stock analyst Deadnsyde covers(YT links aren't allowed apparently) MVIS, causing the beginning of a large breakout past $8.
Feb 4: MicroVision granted patent (WSB bot is blocking source from being posted- thinks it contains a ticker), essentially lidar on a chip, this patent in particular is huge. (solid state lidar)
Feb 10: Cramer mentions MVIS, says LIDAR is one of three battlegrounds for EV competition.
Feb 10 after hours: MVIS announces Progress on Automotive Long Range LiDAR, saying
“We expect MicroVision’s Long Range Lidar Sensor, (LRL Sensor) which has been in development for over two years, to meet or exceed requirements established by OEMs for autonomous safety and autonomous driving features,” said Sumit Sharma, Chief Executive Officer of MicroVision.
Feb 11: Volkswagen and Microsoft team up on automated driving (potential for MVIS to get involved).
​
Talent at MicroVision
Sumit Sharma became the CEO in February of 2020, he is a mechanical engineer that has been with MVIS for five years after having been the head of operations at Google Project Glass, and working for Motorola and Jawbone.
Dr. Mark Spitzer is on the board of directors having previously worked at Google X, Darpa, Kopin and having founded Myvu and Photonic Glass.
Judy Curran joined the board this year after spending 30 years at Ford, where she was the Director of Technical Strategy. She is also the Head of Global Automotive Strategy for Ansys, a simulation software company that works with ADAS systems.
​
Technical analysis
Resistance at 46.75, 123. 39, and 204. 23, could turn to supports.
Moving Average Analysis:
On February 28, 2020, Market Cap of PLUG was 1.32B, on this date the 120 day MA touches the 8y moving average. 11 months later, PLUG has a market cap of 33.79B, an increase of 2459%.
On September 3, 2020, Market Cap of MVIS was 0.21B, on this date 120 day MA touches the 8y moving average. 5 months later, MVIS has a market cap of 2.77B an increase of 1219%.
6 months forward price target: $34.348B
​
Conclusion/Valuation/TLDR
LAZR is currently valued at 12.22B
VLDR at 3.92B
MVIS at 2.77B
MicroVision offers a quantitatively much higher performance product than both of its competitor companies. Because of their lack of focus on augmented reality technologies, competitors are not likely to have a future in the markets of smart glasses, healthcare, engineering, military equipment, GPS safety, entertainment, and interactive projectors. They are involved in an industry that is currently at an inflection point, due to grow massively in the near future. Their high number of extremely advanced patents will bring in significant revenue for the company in the coming years. I have never seen a company with such low insider selling, that the last case of a sale was in 2014. Institutional investors are piling in as MicroVision's balance sheet improves and they near the April LRL sensor test date, which has a high likelihood of being a success. I think this stock should currently be valued at 20 Billion dollars, taking all of this into account, and expect it to rise drastically over the next few years.
This is not financial advice, I am not a financial advisor, do your own research before believing some retard on the internet. Positions: 300 shares, $19 call 5/21, $20 call 3/19, $31 call 2/19(FD), $28 call 2/19, $24 call 2/19.
submitted by BigBlackWifey to wallstreetbets [link] [comments]

$SLV is not going to get squeezed...$SLV is the Trojan Horse for the squeeze THAT'S ALREADY HAPPENING

I have no horse in the GME "fight" right now. I wish you all the best, and it is the biggest trading mistake of my life so far. I was talking about GME with my friends in March 2020, and even did trade some options then for a loss. I must have read DFV at some point, as we were discussing Burry and a "technical short squeeze" happening. But I missed the real boat, so good on DFV and all of the rest of you degenerates.
Instead, I focused my market attention during quarantine on precious metals. My opinion is that in the long term (10+ years) they will provide the only real hedge against inflation in the world as every CB on the planet is exploding the supply of fiat to deal with COVID economic disruption.
In the short term, I believe that the "powers that be" are engineering the largest short squeeze in the history of markets. We do not have the power to effect whether this happens, it is simply an inevitability. HFs, banks, and other large institutions are going to extract an enormous amount of wealth from the world during this squeeze. This money will be taken from the future pocket of every consumer of industrial goods for the next several decades in the form of inflated prices on everything: batteries, electronics, solar panels, EVs...even jewelry and silverware.
We cannot stop them, but I have decided to try to hop on for the ride. The last few months aside, I never saw WSB as a force for societal change, because the people who control the money are always going to win the most in the end. WSB is a place where we can learn the tricks of a market that is structurally rigged against us, and use those tricks to our advantage. To use an analogy that I think we all know: I am not, and will never be, Ender. But I can learn that the Enemy's Gate is Down, and play The Game that way.
The tl;dr is this: the market for silver is the most manipulated physical market in the history of the world. $SLV is the vehicle that is currently being used behind the scenes to vaccum up ownership of every available physical bar of silver in major bullion vaults in the world. When it has completed doing that, the "paper" markets that have held down the price of silver for decades will become disconnected from the physical markets. The energy that has been artificially held back for decades by this paper will explode the price of physical silver, and I have no idea how high it will go. $SLV will stand (mostly) alone as the world's exchange traded product for electronic trading of physical silver.

LET'S START AT THE BEGINNING: WHY IS SILVER IMPORTANT?

Silver has been used as real currency for thousands of years, and there is an argument to be made for returning to "sound" money through the use of silver and gold. However, that is not the argument that I am making.
Silver is a highly industrial metal, and it's usage for industry will only continue to expand as we electrify the future. Silver is important for electrical applications b/c it is the most-conductive / least-resistive metal in the universe (https://en.wikipedia.org/wiki/Electrical_resistivity_and_conductivity#Resistivity_and_conductivity_of_various_materials). It is used heavily in all electronic applications (even more since RoHS has pushed us away from Tin/Lead and towards Tin/Silver solder blends, with silver being added to mitigate the longevity problems of 100% Tin solder growing Tin whiskers and shorting out components). But the largest new demands on silver are going to come from solar panels and EVs. Utility-scale solar is now virtually tied with wind as the cheapest new sources of energy in the world and is only getting cheaper every year. As fossil fuel plants continue to reach the end of their service life, they are going to be replaced with solar and wind technologies. As EVs become more prevalent, their components (ESPECIALLY their batteries) will produce additional demand for Silver.
As smart investors are wont to do, this coming demand for industrial silver has been front-run and large quantites of silver have been sucked into investment products so that they can produce financial returns when demand begins to increase. 2020 showed remarkable investor interest in silver, to the tune of an estimated 350Mtoz moving into exchange traded products like $SLV. $SLV alone added ~200Mtoz of silver to it's holdings in 2020.
Unfortunately for the market, supply cannot meet demand: Of the 930.9Mtoz estimated for 2020 demand, only 236Mtoz was available for physical investment, because the rest was consumed by industrial uses. This means that $SLV alone absorbed almost the entire world's capacity for silver investment in 2020, and as you'll see soon, this is only accelerating in 2021.
Source for demand/supply/investment numbers: https://www.silverinstitute.org/wp-content/uploads/2020/11/SilverInstitute2020InterimPR.pdf

LETS GET PHYSICAL, PHYSICAL

Now it's important to understand that huge amounts of "silver" is traded on "paper" markets, and these markets have historically decided the approximate cost of physical silver in the world, in the form of the "spot price". I'm not going to give anyone a primer on how this works, go read about the London Fix and COMEX paper on your own time. But the important thing to know is that there are a bunch of silver bars in vaults in London and in the U.S., and electronic claims on them are traded on the LBMA and COMEX continuously, without the silver ever leaving the vaults.
However, these vaults have concrete numbers of physical bars in them, and trading contracts against them technically means that you can show up at a window somewhere and demand your 5x 1000oz bars that a COMEX warrant entitle you to. This redemption happens all the time, and it can be used to extract physical silver from the unallocated storage at bullion vaults and release it to industrial or consumer bullion uses. However, these bars can also be moved into "registered" or "allocated" accounts without them leaving the overall vault storage. This means that a quantity of individual silver bars that an owner holds title to can be physically moved inside the vault onto a different rack, and the owner has individual serial numbers of bars that they own. These bars can be withdrawn on demand only by their owner and are not available for general redemption of a COMEX warrant.
So how many bars are there? Well between LBMA and COMEX, there are 1480.3Mtoz sitting in vaults (sources below when I start doing math). This includes all allocated AND unallocated bars. Now, obviously London and NY are separated by an ocean, but people always like to bring up that bars could be moved b/w London <-> American COMEX vaults. This is an enormous undertaking, but let's make a "spherical chicken in a vaccuum" level assumption and say that LBMA + COMEX vaults are a singular source of inventory for both $SLV and other market participants.
If you read the $SLV S-1 (which I did: https://www.sec.gov/Archives/edgadata/1330568/000119312505127244/ds1.htm) you would learn that the custodian of the $SLV trust is required to hold all silver weight (with an exception for 1100toz of unallocated, lol) that is owned by the trust in allocated accounts, where the individual bars are physically segregated inside the vaults, and the serial numbers of the owned bars are explicitly recorded. The idea that there is "no physical silver" backing the SLV trust and "you could get settled with cash" is ridiculous. iShares publishes a report listing every serial number of every bar that is owned by the trust, along with the total weight contained in the bars. It is 10847 pages long (you can read it here if you have trouble sleeping at night: https://emea-markets.jpmorgan.com/metalicsWebAppJanus/publicUnauthenticated/BONY_SLV.pdf) and is updated frequently.
The underlying silver is owned by the trust. It cannot be removed from the trust unless "baskets" of 50000 shares are redeemed by an "Authorized Participant" which is only a few large brokers. It cannot be removed by the bullion vaults and given to other customers because it is physically segregated inside the vaults.
People who have recently beaten down the idea of a silver squeeze love to talk about how JP Morgan is the custodian for the SLV trust. And because JPM just paid a $1B fine for historical manipulation of the paper silver market, they aren't going to be honest about this. This is crazy talk.
When it comes to the dishonesty of a big bank, there is "fraud" and there is FRAUD. "Fraud" would be them saying "Oh sorry, we didn't realize that a laundromat bringing in $300k/week of dirty dollar bills was out of the ordinary". "Fraud" happens all the time, and the banks get away with it regularly. FRAUD would be them saying "Oh yes, 3rd party customer (iShares) who services dozens of other large banking institutions in the world, here is objective evidence, with serial numbers, that we have these silver bars in the vault" and then just making up the data. It is QANON-level crazy, IMHO, to think that JPM is going to commit FRAUD by publishing a list of serial numbers that is completely fake.
I believe the exact opposite: since they have just gotten caught, they are playing it straight this time and have just switched sides in order to go long. On the COMEX alone, JP Morgan Chase is long 193.9Mtoz, or just north of $5B.
(COMEX depository data by weight: https://www.cmegroup.com/delivery_reports/Silver_stocks.xls)
The problem for the futures and options markets is that their continual trading of paper contracts is chasing a smaller and smaller amount of physical silver that is not owned by $SLV. And the market participants (minus, now, JPM) who have gotten away with naked selling of paper contracts and mostly settling them for cash are going to soon find the underlying vaults empty and no metal to give to warrant holders who come looking for it.

HOW BIG OF A PROBLEM IS $SLV FOR THE NAKED SHORTS IN THE PAPER MARKET? LET'S DO SOME MATH.

$SLV inventory math:
$SLV is holding 669,357,789.40 troy ounces in trust, and has 720,500,000 shares outstanding.
(If you are curious why $SLV/share trades below the spot price, it's because: 669.4Mtoz / 720.5M shares = .929 toz / share)
($SLV data from here: https://www.ishares.com/us/products/239855/ishares-silver-trust-fund?qt=SLV#/ )
(screenshot from tonight for posterity: https://imgur.com/a/0sqcMFr)
Bullion vault inventory math:
London (LBMA) silver stocks are 1080.5Mtoz (http://www.lbma.org.uk/london-precious-metals-physical-holdings-statistics)
US COMEX silver stocks are 399.8Mtoz (https://www.cmegroup.com/delivery_reports/Silver_stocks.xls)
669.4/(1080.5 + 399.8) = 45.2% of the vaulted silver in the world is already owned by SLV
Subtracting what SLV already owns, leaves us with: (1080.5 + 399.8) - 669.4 = 810.9Mtoz
(This is completely ignoring the fact that a lot of that remaining silver is owned in registered or allocated accounts by individual owners. E.g. there is 150.2Mtoz in "registered" on the COMEX which means those bars are already specifically deeded to an individual owner. But they could theoretically sell it to SLV so I included it as available.)
810.9Mtoz is the ABSOLUTE THEORETICAL MAXIMUM available in LBMA + COMEX silver that is not already owned by SLV.
Now how short are the shorts? Some more math:
OI on COMEX futures: https://www.cmegroup.com/trading/metals/precious/silver-futures-and-options.html
+ 179786*5000toz + 130402*5000toz + 8245*1000toz + 1903*2500toz ---------------- 1,563,942,500 = 1563.9Mtoz
in currently open interest that could be demanded for delivery. Just on the COMEX, there could be demand for twice as much silver as there is in the combined LBMA + COMEX vaults that is not explicitly owned by $SLV right now.
Caveats:
Using the same basic methodology–total shorts divided by shares [toz in this case] outstanding–as is used on a stock to calculate short interest (and gave us the infamous 140% short interest on GME) we get......drumroll please:
1563.9 short / 810.9 physical = 192.9% short interest.
OPEN INTEREST ON COMEX SILVER FUTURES AND OPTIONS IS EQUIVALENT TO A 192.9% SHORT INTEREST AGAINST ALL LONDON AND U.S. AVAILABLE INVENTORY.
But it gets even worse.

WANNA ADD A GAMMA SQUEEZE??

I pulled the data for all current OI in SLV options. There is a large number (5.7 million) of call contracts open (here are the totals: https://imgur.com/tiqPA34)
Using the .929toz/share number, we can calculate that there are up to 527.2Mtoz that would have to be bought during an absolute runaway Gamma Squeeze. Call options on $SLV max out right now at $55, so the spot price would only have to increase by around 122% to reach the point that all of that weight would need to have been purchased. But at some point, it could become self-reinforcing, and the gamma squeeze continues to cause more gamma squeezing.
I believe that this almost happened Sunday evening (2021-01-31) as evidenced by the huge premium that $SLV was trading to the futures price for a few minutes when trading opened. (My comparison chart: https://i.imgur.com/UPjL3zm.png)
The Silver ETF that trades on Sunday in Tel Aviv (https://www.bloomberg.com/quote/TCHF82:IT) closed up >6% (and was consistenly rising for the entire session) before any american spot markets opened. I believe that hedging algorithms at MM firms that write options saw this spike as a need to buy shares in $SLV to cover their deltas, and so they bought the opening of $SLV like crazy. $SLV opened up 17.6%, while paper only opened up about 6%. Paper market players had to sell 23.8Mtoz of paper in the first minute of trading to keep the price under control. I have never seen an imbalance like this before, and it was covered up quickly (within 2 hours of trading). But to me, it sounds like Vincent's heartbeat monitor in GATTACA when he runs out of fake signal: there was a cover up required to hide this explosion.
When the day comes that this cover up is not executed properly, stuff is going to get ugly, b/c $SLV won't just gamma squeeze like a normal stock...

BUT WAIT, THERE'S MORE! A TRADITIONAL GAMMA/SHORT SQUEEZE WILL SEEM LIKE NOTHING IN SILVER

The squeeze in silver will be FAR WORSE than the combination of a gamma and short squeeze in a stock, because shares of stock cannot be removed from the market. Eventually somebody holding $VW or $GME is going to say "sure, I'll sell at $42,000.69 per share" and that share can go back to cover a short. But if instead of doing that, the holder of that share withdrew it from the market by converting it to a physical token b/c they thought that the physical token would be more valuable than the share (the retail premium on physical silver vs. paper silver), the short interest would INCREASE as shares were converted into tokens. And since there are currently more "shares" of silver than there are bars of silver in the vault, the shorts can be caught with a literally illiquid market that has nothing to buy.
Zero. Zilch. No silver available.
The doomsday scenario (for paper silver holders and writers) is the following combination:
COMEX warrant holders who try to demand metal that doesn't exist will literally break the market.
The CBOE will probably step in and decide to force settle the contracts for cash at the last known good price, and COMEX paper warrants will cease trading forever.
The physical market price will then be disconnected from the paper market, and $SLV as an exchange traded product will stand (mostly) alone as the new "paper" market for silver.

SO WTF DO I DO? [NOT FINANCIAL ADVICE]

Well I could always buy physical silver, if I can stomach the premium and wait 8 weeks for it to show up. Or, I could just get long on $SLV. Since I believe that $SLV will stand alone after the dust settles as the one true claim on bars in the vaults, I could be long the actual $SLV ticker in several ways:
If I wanted to maximize my contribution to the Gamma Squeeze, I'd probably buy as much Delta/$ as I could get using weeklies, which would be 2/5 $26.5C or 2/12 $28C
(Max delta/$ calculations: https://i.imgur.com/Az3o85v.png and https://i.imgur.com/eRPQo6k.png)
Current open positions for me are: (https://imgur.com/vWZrziG)
Footnote, all the pictures I think I used, in case i missed something: https://imgur.com/a/0sqcMFr
submitted by jobead to wallstreetbets [link] [comments]

[Steam Lunar Sale] is on till 15 February, most JRPGs are on sale to even over -80%. Here is the link and a list of recommendations.

The Steam Lunar Sale has started and a good number of JRPGs are sale now:

~ Link to the JRPG Page of the Sale ~

~ Link to the full JRPG list on Sale ~

Here is a list of recommendations if you can't decide which ones to get:

~ Classic Turn-Based ~

  • Persona 4 Golden: A great game with a lovable cast, and fantastic music. A school life simulator and dungeon crawler mixed in with a fantastic mystery plot. I would say more but I am holding back as to not spoil anything, because this is one of those games that lives and dies on the twists and turns of the story and the choices you make during the story.
  • Battle Chasers: Nightwar: An actual kickstarter JRPG that more than delivered what it set it out for and more. It went under the radar since release, but it's a great turn-based JRPG with great characters and challenging combat and a satisfying crafting system, arena fights, fishing, skill trees, and a fantastic in-game encyclopedia with an actual incentive to complete. With a great tiered loot system, dungeons with random events and side-quests every time you enter. And really great monsters to hunt. It's more than worth full price, but right now it's dirt cheap.
  • Bug Fables: The Everlasting Sapling: 2nd rank on the best Indie JRPG of 2020 and only because CrossCode took number 1, this Paper Mario style JRPG saw that Nintendo isn't making what JRPG fans are waiting for, so they scrapped themselves in to patch in that gap in JRPG history. With praise from every where and Overwhelmingly Positive score on steam. why not give it a try ?
  • GRANDIA HD Remaster and GRANDIA 2 HD Remaster : If you are in the mood for one of those old turn-based epic fantasy adventures, then look no more. The first Grandia in particular is one of the classics great fantasy adventure games. Grandia 2 is more "Edgy", but still has the great gameplay that Grandia 1 had.
  • Yakuza: Like a Dragon: Another game that is always in the top 3 in multiple categories, with it's Main Character (Ichiban Kasuga) winning the number 1 spot for the best character for 2020. The Yakuza series was already crazy fun, and now it's Turn-based ? enough said.
  • Digimon Story Cyber Sleuth: Complete Edition: 2 full games in 1 package. If you're a fan of the series then this is a must play, it dives into the lore more than a lot of the previous games, and also has one of the biggest Digimon rosters till to day. Even if you're not into the series but you're looking for a classic turn-based game to just grind and chill out in, then this is a good choice.

~ Tactical Turn-Based ~

  • Disgaea 5: To be honest any game in this series or even it's spin-offs, like Phantom Brave, is worth getting. Great voice acting, always funny characters and funnier events, and you'll always get more than you're money's worth of content and gameplay time even if you are paying full price for it. But if you don't have the time to go through the series one by one, then going for this one is more than worth it. You'll miss out on a lot of inside jokes and great cameos if you start with this one, but story wise you don't have to worry about anything since they aren't really connected. They happen in the same world, but even if you don't know the story of other games it still won't hinder your enjoyment of the story here.
  • Disgaea 1.
  • Disgaea 2.
  • Disgaea 4 Complete+.
  • TROUBLESHOOTER: Abandoned Children: What if you want something serious ? then this is your go to game. I always liked X-com but I couldn't get into the RNG gameplay and losing characters forever because of one mistake. So here is TroubleShooter, an X-com JRPG, with an actual full story told through multiple chapters. A really fun world to get into, with great characters and fantastic music. The detective Noir atmosphere combined with really deep and complex customization system just provides endless content to go through. They also just recently released a whole DLC for free that expands the story and adds more content...yes for FREE!
  • SD GUNDAM G GENERATION CROSS RAYS: You want a Tactical Mecha game focused on the Gundam universe with great graphics and crazy amount of customization and days worth of play time ? that's a weird request but I got you, here you go fam, Cross Rays brings you amazing Metal on Metal clash! with a huge (and I mean huge) list of Mechs to develop, evolve, capture, exchange, and unlock throughout a long and satisfying story campaign, and a customization system deep and varied enough to lose days of your life on.
  • Utawarerumono: Prelude to the Fallen: The Entire Series is on Steam now. This fantastic Visual Novel Style game is one hell of a ride from start to end. If you're looking for a lore and story rich fantasy game then there is no reason to not get this whole series. Drama, Comedy, Mystery, Action, Horror, Fan-service, and more, this game has it all.
Prelude to the Fallen is the first game story-wise, and while the story is fantastic, I won't lie to you that they didn't really update the gameplay to the standards of the other two games in the series. Still the gameplay isn't really where the game shines anyway, and once you get into the other 2 games after this one, the gameplay gets much better.
After Prelude to the Fallen is:
Utawarerumono: Mask of Deception.
And then after that comes:
Utawarerumono: Mask of Truth.
  • Lost Dimension: This one probably went under the radar when it was ported to PC. But it's a solid Tactical JRPG, with a really fun setting. To save you the time on the story, Imagine Danganronpa as a tactical JRPG and there you go. A really dark Mystery story, filled with plot twists, and some really great customization done in a way that makes sure no 2 playthroughs are the same.
  • Tale of Wuxia: Are you into great world building ? choices that matter ? open-world gameplay and life-sims ? Tactical turn-based combat Chinese Martial Arts novels/comics ? well here is one of the best games you can find. A remake of an older game, they did a fantastic job with it. There are issue with the translation, but for something so unique and one of a kind you'd have to work through minor issues. The game is about building your own Martial Art master, by managing their daily life-style, chores, adventures, jobs, training, and even social relations. With multiple endings, and so many different routes and events, you can easily gets sucked into it's world. If you like it then you can also check Tale of Wuxia:The Pre-Sequel, that does away with the life-sim, and focuses completely on the open-world adventure and tactical gameplay aspect.

~ Action combat ~

  • .hack//G.U. Last Recode: You're itching for the next great action JRPGs that plays like the Tales series, but with an even more edgy and revenge hungry main character than Velvet from Berseria ? Then look no more. With 3 games in 1 and with an extra new episode to wrap the story up, then you'll be getting more than you money's worth for sure. With an MMO setting and a fresh approach to side-quests and world exploration, it's a classic that is more than worth giving a try.
  • Ys VIII: Lacrimosa of DANA: Again this is a case of a whole series is filled with great games, but if you're going to choose one, then this one is an easy pick. Fantastic soundtrack ? check! Great Smooth Action gameplay ? check! Dogi the wall breaker ? check! Base building and crafting ? check! and check!
  • Tales of Symphonia: To be fair, any of the Tales games on Steam right now are good to get since they are all dirt cheap in this sale and they are great games. But if you had to choose only one, then this is the classic Tales game experience, and it might as well be free at the price they are selling it now at. Whatever Tales game you get, make sure to check out the mods on steam, there are some really good ones to make sure you get the best experience possible, graphics and FPS wise.
  • Tales of Berseria
  • Tales of Vesperia
  • Tales of Zesteria
  • CrossCode: Look.....I have yet to play this myself (don't shoot!), but I got so many people telling and shouting at me to play it, and friends begging me to, that it has to be good. But just to be on the safe side, you can check the free demo before you take the jump. And am sure someone in the comments can vouch for the game. Oh and it's Number 1 in the rankings of this year's Indie JRPGs.
The games aren't connected story-wise, so you can start with any of them:
Wrath of the White Witch: For a the best fantasy adventure feel, while the combat is a hit or miss depending on your taste, don't let that stop you from actually diving something that is really whimsical, this is the one with the better story in my opinion, so if you want more story than game, this is for you.
Ni no Kuni™ II: Revenant Kingdom: This one focuses more on gameplay, with a Kingdom builder, Army battles, Heavy loot focus, and even character collector, this is the one to go with if you want more game than story.

Here is the "Bonus Round" version:

  • AKIBA'S TRIP: Undead ＆ Undressed: A Beat'em up JRPG, where you kill Vampires in modern Japan, by using a combination of elaborate wrestling moves and every weapon you can get your hands on, and finally finishing them by stripping them till they disintegrate. A funny and silly game that has a weird amount of detail.
  • One Piece Pirate Warriors 3 (Wait on buying it, there seem to be a crashing problem at the moment): Yes I am aware that Pirate Warriors 4 is out and on sale, but I like this one more, and it's cheap as hell. If you're looking for something mindless but very satisfying to waste hours on, then this is really good. Even as someone who isn't a fan of the Warriors series, I really couldn't stop playing this one when I first got it, and if you're a fan of the show then this is a must.
  • Okami HD: I mean, what is there to say ? a true PS2 classic...on the PC, in HD, for dirt cheap. It's Okami people come on.

Please go ahead and post any great deals that I missed, or ask about any you are unsure of.

submitted by VashxShanks to JRPG [link] [comments]

An explanation of why @RobinhoodApp non-nefariously restricted trading

[update: here's another way to start to understand this situation if what's written below is too dense Anthony Denier, CEO of Webull on the Robinhood/GameStop situation https://www.youtube.com/watch?v=4RS4JIEVyXM]
This explanation is from Silent Cal @KralcTrebor
https://twitter.com/KralcTrebostatus/1354952686165225478
Ok - here's my best explanation of why @RobinhoodApp restricted trading in the short-squeeze stocks.
Spoiler: the story isn't the Ken Griffen called Janet Yellen who instructed DTCC to raise margin on Robinhood to force them to shut down the speculative buying.
Here goes ...
Robinhood (RH) is a broker. They don't execute stock orders themselves. They sign up customers, route their orders to executing brokers, and keep track of who owns what. RH is also its own clearing broker, so they directly settle and custody their clients' securities.
Yes, RH is paid by Citadel to handle executing some of its order flow. This isn't as nefarious as it sounds - Citadel Equity Securities is paying to execute retail orders because they aren't pernicious (like having 500x the size behind them).
RH customers buy and sell stocks. Those trades don't settle (settle = closing, the exchange of cash for security) until T+2, two days later. Depending on the net of buys/sells, RH is on the hook to pay or recieve that net cash. That's credit risk.
NSCC is the entity that takes that credit risk. It matches up the net buyers and sellers, post-trade, and handles the exchange of cash for security. To mitigate the credit risk that one of the clearing brokers fails, they demand the brokers post a clearing deposit with them.
The NSCC is required to do this by SEC rule, tracing to Dodd-Frank.
Here's the details: https://sec.gov/rules/sro/nscc-an/2018/34-82631.pdf
Everyone posts, and if a broker fails, then NSCC takes any losses out of that broker's deposit, then some from NSCC, then from everyone else (the other brokers).
This is a post-crisis idea encoded in Dodd-Frank that making everyone post collateral reduces the credit risk and systemic risk and such.
So how does the NSCC clearing deposit get calculated?
It's basically Deposit = min( 99% 2d VaR + Gap Risk Measure, Deposit Floor Calc) + Mark-to-Market ... math and jargon!
Let's use an example. Say Fidelity has clients who bought 2bn of stock and sold 1.5bn of stocks. First, net down buy/sell between customers in the same stock.
Say that leaves 1bn buy and 0.5bn sell. Run some math to answer "that won't move more than X with 99% odds in the next 2 days." Let's say that's 3% of the net, so 3% * (1bn-0.5bn) = 0.15bn = 15m. That the 99% 2d VaR.
Next, we ask "is any one stock net more than 30% of the net buy/sell" ... and if it is, then we take 10% of that amount and add it as the Gap Risk Measure. So if Fidelity customers bought 200m IBM, then add 20m to that 15m. That's Gap Risk Measure.
Deposit Floor Calc is some thing that looks at the 1bn buy and the 0.5bn sell and does a small calc and adds them, so that if the first calc (99% 2d VaR + Gap Risk Measure) is small, then this floor will keep the overall from being tiny.
Then, last, you add Mark-to-Market. Basically if your customers bought IBM at 140/shr and it goes to 110/shr before it settles for cash at 140/shr, the NSCC has 30/shr of credit exposure to the clearing broker and that amount gets added to the required collateral posted to NSCC.
There are some other items, but that's the basic idea - full details are here: https://dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf
The NSCC sets the framework, but it is spelled out in Dodd-Frank that they have to do so by law.
These deposits are held in the Clearing Fund at the NSCC.
Financials are here: https://dtcc.com/legal/financial-statements
They had 10.5bn in the Clearing Fund as of Sep 30, 2020.
This is the regime post-Dodd-Frank. NSCC updated it's rules in 2018 to improve the VaR calc and to add the Gap Risk Measure.
How did this impact Robinhood?
Well, let's say Robinhood had $20bn of client assets starting 2021. Those customers used to trade $1bn/d say. What is the context for Clearing Deposit? Say 2 days it's a little unbalanced and it's 1.2bn buy and 0.8bn sell. Ok, that's probably around 12m, maybe 20m deposit.
If they take in $600m of new deposits and say $400m wants to buy GME. Plus of their $20bn existing, say there is $400m of GME buys over the past 2d. Then the picture could look like 2.0bn buys and 1.0bn sells, which might normally be 30m deposit. But volatility went up. A bit.
Now 99% 2d VaR is much higher. It should be 20x higher for their net portfolio, but the formula will smooth it out some. Maybe it's ~4x bigger. So just on VaR, they have to post 120m now. That they should have.
The Gap Risk Measure is what kills them.
If GME is over 30% of their net unsettled portfolio, then they are required to post 10% of all the GME buys. So if that's 800m, they have to post another 80m. And there is no limit to it. As long as their clients are up P&L, the mark-to-market covers it.
But if RH takes in 500m of new money and 300m buys GME, then at minimum they are looking at posting 30m+ from just that exposure at NSCC. They cannot use client money - RH has to use their own resources to post. And if GME stock drops, RH has to post the loss pre-settlement.
This would also explain why RH drew its credit lines and said vague things about clearing requirements.
Robinhood Is Said to Draw on Bank Credit Lines Amid Tumult https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult (alternative URL: https://archive.is/sLhsm)
The policy goal here is to avoid the central plumbing entities from taking credit risk. In reality, such regulations raise costs and create barriers to entry. It raises profits for entities like DTCC (which owns NSCC and is itself owned by Wall St)
RH offered to open up stock market investing more broadly. They succeeded, clearly. But the regulations didn't change - there are still pro-Wall St, pro-incumbent rules and capital requirements. It's one of the most highly regulated industries in our nation.
So @aoc is right to ask how it can be that Robinhood stopped its clients from buying certain securities. And what she'll find is that the reason is that Dodd-Frank requires brokers like RH to post collateral to cover their clients' trading risk pre-settlement.
And it isn't the Fed or SEC who sets the rules. It's the Wall St owned central clearing entity itself, DTCC, that makes its own rules. So when the retail masses decided to squeeze the short-sellers, in the middle of crushing them, it was govt regulations which tripped them up.
submitted by binaryfinancial to investing [link] [comments]

GME MOASS (Potential) Price Target. Shorts, you have been warned.

GME MOASS (Potential) Price Target. Shorts, you have been warned.
GME, where shorts are about to get gang-banged to bankruptcy ad infinitum ∞
Shorts, after many failed attempts, we are warning you now, again, more than ever. (Do you guys just hate making money or what?) WSB, in all its retarded wisdom, will not stop to see this thesis play through to its completion. Now, the whole world is watching this Infinity War play through, and you're at the wrong end of the $ROPE. You guys keep on gluing yourselves into a corner, and the bulls are about to go Muhammad Ali on your ass. Even Jim fucking Cramer said it.
\"[that is just] game over for the shorts ... when you have people shooting at it like this...\" -Jim Cramer*
Likewise, to my fellow GameStop/GME GANG BULLS: The longer we wait, the bigger our reward. Let me explain.
Let's assume shorts haven't even covered yet (and many analysts say they haven't), then the bigger our initial investment capital to be multiplied to theoretical infinity, and that's not even counting our call options (juicy gamma squeeze, anyone?). Now, let's do some math.
Assumptions:
• Assume C(n) is 'zero point', prior to squeeze; where 'C' is initial capital, and 'n' is all the compounded multiplier prior to the deadly short squeeze. Basically, it's just your total capital multiplied by organic % growth. It's some king shit. Let's say that C(e) is ending capital. Remember the 'compound interest is king' worship on subs like investing? Well, my fellow retards, this is compound interest on fucking steroids so scientifically advanced it hasn't even been birthed yet.
• Assume days-to-cover is about 6 as per avg. daily volume and number of shares shorted needing to be unwound, under a 100% of float shorted scenario (which, in our case, is actually 250%-300%+. Who knows how that shit plays out. (I like to play conservative: positive surprise is better than negative.)) (edit: some folks say that the average volume in the past few days has risen by 'x' amount. Might be true, but it could also die down to an averaged baseline since the volume spike was more organic buying imo. Also, consider that the current short % of float is 260.91%***\* as of writing (Yahoo! Finance, Dec. 20, 2020 data). That's good for Longs, absolutely fucking terrifying for shorts given current circumstances. Take from that as you will.)
•Assume 50% increase in share price (SP) per day during short squeeze panic. (Even that's probably conservative, but, who knows. I'm not a fortune teller.)
Then;
MOASS (conservative) Price Target (PT) = (SP)(1.5)^6
and C(e) = C(n) x ((SP)(1.5)^6)/SP)
Think about that for a sec.
Now, let's assume shorts will start to cover for their goddamn souls by SP=$50. Then;
Price Target (PT) = ($50)(1.5)^6
Price Target (PT) = $569.53.*\*
Let's stagger this down to steps by change-per-day so it's easier to visualize, following above assumptions:
Day 0 (D0): $50 (+0%, zero point)
Day 1 (D1): $75 (+50% from D0) = 1.5-bagger
Day 2: $112.50 (+50% from D1) = 2-bagger
Day 3: $168.50 (+50% from D2) = 3-bagger
Day 4: $253.125 (+50% from D3) = 5-bagger
Day 5: $379.6875 (+50% from D4) = 7-bagger
Day 6: $569.53125 (+50% from D5) = 11-bagger
Literally an 11-bagger in a matter of 6 days by conservative day-over-day 'squeeze' growth estimates. (edit: I'm adding a variation factor, or randomness factor as I want to call it, of +-$200 on the 11-bagger mark, just to cover our bases. I've read more on other people's MOASS PTs, and the 11-bagger seems to be on the upper end (I will not retract the PT though, and I am confident in the mathematical power of exponential compounding, esp. in this historical short squeeze data on GME). I enjoy the fact, however, that by consensus, we all agree on the whopping potential multiples this short squeeze can generate.*****\*) (edit: There's been comments about the massive sell-walls at $420.69, hence, it could curtail any share price growth beyond that point. If it even reaches that point, that would be fucking hilarious. Even funnier at $694.20.)
$TSLA performance 1-yr to date is an 8-bagger. (Shoutout to our TSLA brothers, we love you and shit. GME gang will join you in tendie-land soon.)
The legendary VW Short Squeeze was a little under 5-bagger over the course of several days, and even then,
I will quote DOMO Capital*** on a recent example:
it took $APRN 3-4 days to squeeze.
Day 1: Up as high a 86%, closed up 68%
Day 2: Up as high as 96% closed up 71%
Day 3: Up as high as 198% closed up 148%
Day 4: Up as high as 77% closed down 12%
$2.25 to $28.84 at peak
That was without >100% SI
You read that right. That was without >100% SI. And in this example, $APRN was a 13-bagger (+1281.77%) over the course of 3-4 days. Meanwhile, our hypothetical GME scenario above yielded an 11-bagger (+1100%) after 6 days, on (imo) conservative day-over-day short squeeze spikes of 50%. I know that +1000%+ looks almost impossible on paper. Sure, maybe as an isolated, singular event. But stretch that over to multiple days with compounding interest overwhelmingly in your favor, and you can get there in no time (if you're still confused about that, re-read the visualized step-by-step change-per-day above). That's why you can have small initial capital amounts grow into millions of dollars after many years of passive investing, but, that's for investing to talk about.
+7% YoY index investing growth until age 65? We don't do that here. 1000%+ or bust bitch
GME right now is like a lottery ticket, where the statistical impossibility of winning it big has been replaced by the function probability of time, where time decay is in your favor; inversely proportional to shorts. They have to cover eventually, and the water boils hot by the second.
What catalysts can be 'surpriseful' enough to lead shorts to cover to their deaths, you might ask? Who knows. What I do know, however, and something which has NOW BEEN PROVEN to be validated by (at the very least) recent price action alone, is that sweet sugar daddy Ryan Cohen and our CHWY daddies Alan Attal and Jim Grube know what they're doing. Who knows what kind of walls they'll be breaking in these coming days, weeks, or months. And each and any of them can become the flashy red nuclear button to send this bitch running. (edit: Jim Cramer had a segment on Mad Money today about the ripe-ness of GME to fucking SQUEEZE INTO MOASS.***** You read that right: GME + MOASS potential + CRAMER. He also seems to love WSB, and probably jacks off to our gains. Hi Cramer! See link below: thanks to u/CPTHubbard for sharing the link.)
Then again, I might be retarded as fuck, take these assumptions with a grain of salt. Long live WSB, and long live GME gang.
Bonus: "but u/fieryskyes, how do I know when the tip has topped?"
My answer: Who knows. Feel free to set yourself a limit sell, or not. Just remember that MM's and many other advanced traders can see your limit sells (e.g. $420.69) via Level II data. If (and that's an if) and when the MOASS starts to happen, you will know. WSB will be going apeshit about it. With regards to my own personal strategy, I'll be watching the price spike actively over the span of the days it squeezes. No limit sell, no stop loss.. I'd rather see the price peak to the highest peak, knowing it has maxed out, and then catch it as it freefalls, than SELLING too early without having even seen the peak yet. Seeing the glorious green dildo peak is ejaculatory enough for me, and I'll be ready to unwind shortly [pun intended] as it falls. But then again, that's just my personal preference on the play. There could be better plays, in which I'd be open to exploring.
TL;DR: Under the assumptions written above, GME MOASS Price Target is potentially an 11-bagger on conservative estimates over a 6-day period, and the short squeeze (reportedly) hasn't even begun yet. GME right now is like a lottery ticket, where the statistical impossibility of winning it big has been replaced by the function probability of time, where time decay is in your favor; inversely proportional to shorts. Join now, or die in FOMO forever.
GME = WHALE-MAKER 🐳 🚀🚀🚀🚀🚀🚀🚀🚀
---
*-Link to Cramer tweet: Katherine Ross on Twitter: ""You see something like [Gamestop $GME] and that is just...game over for the shorts, theoretically, when you have people shooting at it like this..." @jimcramer said. https://t.co/X1s4AET1BO" / Twitter
**- for our fundamentalists, $BBY (Best Buy) as of writing is currently at $114.84 with $29.72B Market Cap. $GME (GameStop) at $39.46 is at $2.752B market cap. BBY is just about 11x of GME. At 11x Mkt Cap, GME would be priced at roughly ~$430. A lot of assumptions here, sure, but I'm putting this here just to put share and market cap sizing into context.
***- Link to DOMO Capital tweet: https://twitter.com/DOMOCAPITAL/status/1349435914632749058?s=20
****-GME Yahoo Finance stats. See "short % of float". Link: GME 39.91 8.51 27.10% : GameStop Corporation - Yahoo Finance
*****- Cramer's GME Short Squeeze segment: Full 5 min clip on Short Squeeze - WSB @ 4 min : wallstreetbets (reddit.com) / Jim Cramer breaks down the short busting in GameStop, Bed Bath & Beyond - YouTube
******: possibly final edit: I've been browsing through other MOASS Price targets, and seems like my range is up the upper end so far. For that reason, I'm including a variation range of +-$200 on the 11-bagger mark, to account for randomness, and just to cover our bases. The key thing to note is that MOASS price targets are in whopping multiples of current SP. I will not retract the 11-bagger PT, as it just shows the power of exponential compounding interest in a once-in-a-lifetime MOASS scenario, given our current data on GME and its boiling rocket fuel.
edit: formatting adjustments. also, how tf do you remove the stupid blue apron picture on this post lol. shit's pretty retarded looking on mobile. oh well
edit 2: added an Infinity War picture for our retarded brothers who can't read
edit 3: please note, this post is for entertainment purposes only, and not investment advice. only go full retard by your own personal discretion
submitted by fieryskyes to wallstreetbets [link] [comments]

Inside the mind of a hedge fund executive...

Imagine you’re a hedge fund CEO or senior executive.
You’ve always had an inflated ego, and going to Wharton for an MBA definitely didn’t help in that regard. You interned at GS for the summer of 2003 and told all your friends about it, probably even brought it up oh so casually on dates. When you were hired as a trader by a moderately good to great fund, you probably lost a good deal of friends from your previous life, because they “just don’t get you now.” You’re in a different league than them, even your classmates that now work at lesser funds. You act friendly, liking Facebook posts, returning their calls, but there’s a nagging feeling that they’re holding you back. That you’ve made it, and you don’t need some loser that doesn’t even work on the East Coast.
Jump ahead a few years
It’s September 20th, 2008. Bear Stearns closed months earlier, Lehman went bankrupt a few days ago. "Buddies" of yours from both funds have been texting you, some you know from college. Maybe you’ll take pity on them and put in a good word, maybe you’ll tell them nothing’s available right now and that you’re sorry. You don’t tell them you were part of your fund's effort to short sell theirs into oblivion. Maybe you really are sorry though. What you’re more sorry about, however, is that your bonuses are probably going to be shit for a few years. They could even dip into five figures, god forbid. Your thoughts are of course directed to the millions of people losing their jobs across the country by the news, but inevitably your bonus reduction resurfaces as your biggest concern. “It’s not like I can do anything,” you say, after downing some wine. You go to sleep fairly easily, while across the country, innumerable people are forced to contemplate moving.
Let’s jump ahead a few more years
It’s mid-March, 2020. At this point, its become evident that COVID-19 is going to ravage the world, in some capacity (not gonna put politics into this because that’s not the point). As either a CEO or senior executive at a mid-range hedge fund, your thoughts gravitate towards your craft. It’s clear the market is going to tank, so you do what you do best. You short the shit out of several clearly sinking industries (https://www.cnn.com/2020/03/31/investing/short-sellers-market-coronavirus/index.html). But you don't stop there. You go on CNBC, Fox Business, maybe even the BBC, and announce doom and gloom. Doing this will get people to dump their stocks, meaning your shorts print even more money. Oh well, if there’s a positive to be gained from this whole thing it’s your fund making good money, right? By late March or early April, your wife convinces you that going with the kids to the Hampton’s would be the best choice, since the upper east side is getting a little claustrophobic. You’ll need to cancel your two week St. Barts vacation, what a bummer. You rent out a nice beach house in Sag Harbor for 125k a month, managing to beat out the other bidder by upping them by 10k. Once again, millions of people are losing their jobs, and you’re shorting the companies they work for. What else should you do?
Only a few months forward this time
It’s October. Weeks turned into months, and while you’ve started getting back to the city more and more, you’re still staying in Sag. Sometimes you have family friends over for an ostensibly socially distanced wine + cigar. You don’t think much of the events of the summer, aside from that one tweet you had PR send out in July. Your kids might have thoughts, you haven’t asked.
Just a few more months, I promise
It’s January. For really no other reason than the prospect of making more money, you along with a few other funds have decided to open naked shorts on GameStop. While technically not allowed, there are loopholes. Why would the loopholes be there, if not to be exploited, right? Not like you don’t do the same thing with your taxes.
Then, the unthinkable happens
A bunch of retail investors, led by a specific part of Reddit, decide to fuck your position by dramatically raising the share price. Since you firmly believe these people incapable of sticking to such an audacious play, you do nothing. Before long though, you start to become slightly unnerved by how steady the growth of the stock is. It's approaching $100, and you're losing hundreds of thousands to millions every day on short interest. So, you decide to take action. You get on CNBC, and cry about fundamentals. About volatility crushing these people. They don't listen, and keep buying. A week passes with you and your rich friends trying various strategies, none of it working. You're aware of another fund leaning on a popular trading app to force them into not accepting buy orders for GME, amongst others. You're not above sacrificing pride for money, so you announce your fund has closed its shorts. You're lying, of course. What kind of looks what you get at future parties if you cowed to these people? No, fuck that. You've read all the right books, been to the right schools, made the right friends, networked at the right parties and functions. You will not close, everything in your life has conditioned you not to. In fact, you'll double down. You go on CNBC some more. Artificially lower the stock price by trading between a few other funds. None of it's working, and you're intensely aware of another potential gamma squeeze on Friday. Restrictions on buying help during the day, but after hours, the stock jumps. That momentum carries it into a solid Friday. You won't budge, but at this point you're losing millions of dollars a day.
So, here we are
These people do not care about you. You're the least of their concerns, actually. They care about money and fund image, in that order. We have a real chance to make guys exactly like this hurt where it counts (for them), and I want people to understand that. I'm not saying throw your rent into GME. I'm saying you have the chance to really be a part of something, to screw the people that have been doing the screwing for your whole life. The house has been running a fixed casino, and you have the chance to hit back.
Do not close. We have them, and they know it. We're winning, and if we keep winning they will give in.
submitted by IASIPFL 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]

best money making game apps 2020 video

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6 Game Apps That Pay Real Money Advertiser Disclosure This article/post contains references to products or services from one or more of our advertisers or partners. After doing some extensive research, I ranked and reviewed the best money making apps to earn fast cash this year. These rankings cover different types of money making apps: iPhone apps where you perform simple tasks for free money. Money-saving apps that help you save money. Personal finance apps for automated investing and passive income. Other Survey and Game Apps to Consider. The Best Money Making Apps of 2021 March 9, 2020 at 12:35 pm Premise is an app that pays real money for submitting short surveys and photos/questions about your community. It’s only available for Android. https: How These Apps Make Money. A lot of these apps claim to work well, but in reality, this is just marketing buzz to get you to download the app and start testing games. Apps that pay you to try new apps make money by receiving a commission from the game developers when you download one of their games. Read reviews and use the best money making apps from top brands including Ebates, Shopkick, Acorns and more. The Balance Menu Go. Budgeting. Setting Goals How to Make a Budget Best Budgeting Apps Managing Your Debt Credit Cards. Credit Cards 101 Best Credit Cards of 2020 Rewards Cards 101 Best Rewards Credit Cards Credit Card There are many ways to make money online, & using a smartphone is one of them. With several legit money-making apps out there, you can install & use them to make a few bucks in your free time.. With this money, you can pay your bills, or at least buy a cup of coffee, which is not bad considering it is coming from your smartphone apps. Players are allowed to level up the game for money. Besides this, game lovers can also try other cash games by testing them and trying hands on the gaming app. Free chances to win money by testing the game. You can not only win real cash by playing games competing and winning. Another great method is to test the game for money. Looking for best game apps and website to win real money, Gamesville is one of the top best gaming website in the pass years and in year 2020. What you need to start making online money for playing games is to register on their website and explore more. Also let this be in your mind that, if you play and win. Chance to be rewarded will also Best Game Apps to Win Money. There are lots of apps that can earn you money just for using them. If you find you’re spending many hours mindlessly playing Candy Crush or Two Dots, try switching to one of the options below. Top Game Apps to Win Money. Have a little fun and put some cash in your pocket with these legit game apps to win money. You probably won’t make a ton of money with these apps, but you’ll still have some fun. And yes, we tried them all out first! 1. Lucktastic. If you like scratch-off lottery tickets, you’ll want to check out Lucktastic.

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Top 5 Apps That Pay You to Play Games 2020 - YouTube

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best money making game apps 2020

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