Jack Ma goes missing after criticizing the CCP. BABA stock tanks. https://www.reddit.com/r/wallstreetbets/comments/kpsy0b/comment/gi1rh98
What happened to this ad? :(
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So I’m an AMC shareholder
So I’m an AMC shareholder, which means I own some of the business. Because the stock kept getting halted today I decided to go to my local AMC and support the stock by buying some concessions. I went up to the stand and told the casher (his nametag said Melvin) that I was a shareholder and wanted to support the business. He looked excited and told me to close my eyes and hold out my hand for a surprise shareholder treat. I can’t believe it, but he just covered my hands in liquid butter! Now I’m typing this at home and cant get it off my hands, and my keyboard is all greasy typing this, What do I do?
So I’m an AMC shareholder, which means I own some of the business. Because the stock kept getting halted today I decided to go to my local AMC and support the stock by buying some concessions. I went up to the stand and told the casher (his nametag said Melvin) that I was a shareholder and wanted to support the business. He looked excited and told me to close my eyes and hold out my hand for a surprise shareholder treat. I can’t believe it, but he just covered my hands in liquid butter! Now I’m typing this at home and cant get it off my hands, and my keyboard is all greasy typing this, What do I do?
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.
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.
Drunk at Applebees
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
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
Hello gentleman, I have suffered a loss of 69K
Hello gentleman, I regretfully wish to share with you all that I shant comment on this Internet forum henceforth. As of the time of my arrival in this past autumn, I have suffered a loss of 69K. By the blessing of Lady Luck, I am still experiencing a positive net balance of 420%, so I have come to the conclusion I must liquidate my insignificant phallus account. I shall use this fortune for procuring a vaginal enlargement and acquire tremendous breasts for my OnlyAristocracy parchment. Or I may be devilish and maintain an investment position in TournamentCease. I am short of hours of leisure in life, training dogs to consume peanut butter from the reaches of my posterior and can not bare the rapid change of value of my investment holdings of 40 point 7 grand. I am aware that you, my peers of this financial derivatives Internet forum are filled with ecstasy to become privy to this, so copulate with yourself, I desire you all to be ablaze in nonheteronormative ursine hell in tandem with Sadam.
Hello gentleman, I regretfully wish to share with you all that I shant comment on this Internet forum henceforth. As of the time of my arrival in this past autumn, I have suffered a loss of 69K. By the blessing of Lady Luck, I am still experiencing a positive net balance of 420%, so I have come to the conclusion I must liquidate my insignificant phallus account. I shall use this fortune for procuring a vaginal enlargement and acquire tremendous breasts for my OnlyAristocracy parchment. Or I may be devilish and maintain an investment position in TournamentCease. I am short of hours of leisure in life, training dogs to consume peanut butter from the reaches of my posterior and can not bare the rapid change of value of my investment holdings of 40 point 7 grand. I am aware that you, my peers of this financial derivatives Internet forum are filled with ecstasy to become privy to this, so copulate with yourself, I desire you all to be ablaze in nonheteronormative ursine hell in tandem with Sadam.
Team Bull vs Team Bear
Team Bull
Jerome "We print it digitally" Powell
Elon "TSLA stonk too low imo" Musk
Nancy "Stimulus talks going well" Pelosi
Donny "Stop the count" Mango
Janet "Unlimited QE bitch" Yellen
Lisa "Su Bae" Su
Ryan "Make Gamestop great again" Cohen
------------------------------------------------------------------------
VS
------------------------------------------------------------------------
Team Bear
Jeff "No stock split to keep the poors out" Bezos
Mitch "Stimulus talks not going well" Mcconnell
Steven "Discontinue the PPP" Mnuchin
Andrew "PlTr PrIcE tArGeT $10" Left
Tim "Don't call me by my slave name" Apple
Michael "I'm publicly shorting TSLA" Burry
Warren "I fought in the Civil War" Buffet
Which team will win?
Team Bull or Team Bear?
Load up on weeklies for a ticket to the pay per view hell in the cell match.
------------------------------------------------------------------------
Special Guests:
That one JPM analyst with TSLA 90p 12/18
Life savings SPCE calls guy
Jim "FUCK ROBINHOOD" Cramer
Team Bull
Jerome "We print it digitally" Powell
Elon "TSLA stonk too low imo" Musk
Nancy "Stimulus talks going well" Pelosi
Donny "Stop the count" Mango
Janet "Unlimited QE bitch" Yellen
Lisa "Su Bae" Su
Ryan "Make Gamestop great again" Cohen
------------------------------------------------------------------------
VS
------------------------------------------------------------------------
Team Bear
Jeff "No stock split to keep the poors out" Bezos
Mitch "Stimulus talks not going well" Mcconnell
Steven "Discontinue the PPP" Mnuchin
Andrew "PlTr PrIcE tArGeT $10" Left
Tim "Don't call me by my slave name" Apple
Michael "I'm publicly shorting TSLA" Burry
Warren "I fought in the Civil War" Buffet
Which team will win?
Team Bull or Team Bear?
Load up on weeklies for a ticket to the pay per view hell in the cell match.
------------------------------------------------------------------------
Special Guests:
That one JPM analyst with TSLA 90p 12/18
Life savings SPCE calls guy
Jim "FUCK ROBINHOOD" Cramer
What happened to this ad? :(