I don’t care if there’s a microchip in the vaccine. I’d let them put a whole MacBook Pro inside of me if it meant I could get drunk at Applebees again
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More WallStreetBets Copypastas
Stonks only go up. But you don't.
You watch her as she brushes her hair. She’s humming a song you can’t quite hear and smiling to herself. Not for the first time, you wonder why this person chose you.
She turns. “What do you want for Christmas?” You want to scream Save your money!, but you only shrug. “Nothing, really.”
“Nothing?” She crawls into bed and touches your leg. “Are you sure?” Again, you wonder why this person chose you.
As she takes the weight of you in her hand, your mind wanders. To your puts. They’ll expire worthless, like you. After several minutes of failing to conjure your manhood, she asks, “What’s wrong?”
Stonks only go up.
But you don’t.
WallStreetBets
Solar energy stocks at night time
It’s nighttime so of course solar energy stocks would be weak as fuck. Wait til morning when the sun rises & pumps them
WallStreetBets
Jack Ma goes missing
Jack Ma is making poop emoji pillows in a factory now 11 hours a day and you guys are making jokes about him 😔
WallStreetBets
I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
WallStreetBets
Bear King Burry vs TSLA
Bear King Michael Burry in the ring, slappin TSLA with a metal chair. His glass eye open wide with rage as he batters TSLA relentlessly.
"The valuation..." crunch "makes...." crunch "NO.... " crunch "SENSE!" he roars with maniacal autistic glee.
TSLA struggles for the edge of the ring, but coughs blood as each hit lands, and eventually stops moving. Bear King Burry drops the chair.
Bear King Burry turns to the crowd
"Was this your champion!? Was TSLA supposed to be your chosen one!?"
A child in the crowd turns his face into his mother's side and cries.
On the side of the ring WSB can barely move. TSLA was supposed to tag them in, but couldn't make it to the side in time.
"Get up TSLA" WSB whimpers hopelessly, a single tear rolling down their cheek. "Get up..."
Bear King Burry turns to WSB
"Now it is your portfolio's turn. Get in here you little bitch."
"Excuse me." Someone replies from behind BKB. "I believe I can give you the fight you want."
A robed figure is administering smelling salts to TSLA. The figure puts TSLA on its shoulder and carries TSLA gently out of the ring.
"And just who the fuck do you think you are?" BKB rumbles ominously.
BKB's fingers squeeze so tightly on the chair that metal bends.
"Who am I?" the robed figure inquires.
The robed figure stands straight and stretches to their full height. They must be at least 7' tall.
The crowd stops crying and watches in stunned silence.
"Who am I?" The figure repeats menacingly.
The figure turns around to face BKB, ripping off his robe. A gleaming light fills the stadium. Before us stands a Golden deity, rippling with muscle. If there is an ounce of body fat it is currently in hiding, only to make way for seemingly endless coiled golden musculature.
The figure looks directly into Bear King Burry's eyes.
"I'm Goldman Sachs, and i'm here to kill you."