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[Copypasta]Red futures :(
Bought a bunch of calls thinking I was going to be able to afford an escort to shit on my chest, now it's these red futures that are shitting on my chest.
Bought a bunch of calls thinking I was going to be able to afford an escort to shit on my chest, now it's these red futures that are shitting on my chest.
(▀̿Ĺ̯├┬┴┬┴ Psst... kid, you wanna disable adblock?
More WallStreetBets Copypastas
The real power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
Remember, if you lose 10% a day over several days you’re actually losing less money as time passes. This is what people mean when they talk about the power of compounding
GME stock and WSB vs short sellers
Let me tell you what happens tomorrow because it's even worse than what happened today. There they are, Melvin Capital. Furiously jerking their 2 inch boomer cocks to their GME short gainz. They are so close, edging themselves with "Oh yeah, the next Blockbuster" and "Yes baby, brick and mortar go bye-bye." They even sit in a circle sucking and jerking each other off, double fisting like they're skiing down Mt. Everest with cocks instead of poles.
Out of nowhere, Ryan Cohen steps in with the most massive and vieniest schlong they've ever seen. He starts eating their lunch and muttering about Cheey for games and they can't do anything because their engorged penises are stuck in eachothers mouths and poop chutes. They attempt to ignorr him and try to keep jerking but they accidentally used hand sanitizer instead of lotion. BAM GME starts rising from the ashes and the retards of WSB are lighting the fires. We brought lighters that we borrowed from our wives boyfriend's and they weren't those shitty clear one. We have motherfucking Bics and torches.
Melvin is crying and pleading but we are too retarded to understand coherent English. They see giant red dildos on their screens and their buttholes begin to pucker. They dump everything they have at us in an attempt to supress the price but again, we only understand broken english and emojis. We only understand basic visuals and colors. When we see green, we buy. When we see red, we take out another student loan or CC cash advance and we buy more. We are fucking unstoppable. GME skyrockets and they start scrambling to pull dicks out of random orifices, but it's too late. Bears R Fuk. After we are done splooging all over their faces, and becoming their wife's new boyfriends, we throw Melvin and BOA on the chopping block to be liquidated and disposed of.
That's what happens tomorrow, and we are gonna turn that shit into a movie.
Let me tell you what happens tomorrow because it's even worse than what happened today. There they are, Melvin Capital. Furiously jerking their 2 inch boomer cocks to their GME short gainz. They are so close, edging themselves with "Oh yeah, the next Blockbuster" and "Yes baby, brick and mortar go bye-bye." They even sit in a circle sucking and jerking each other off, double fisting like they're skiing down Mt. Everest with cocks instead of poles.
Out of nowhere, Ryan Cohen steps in with the most massive and vieniest schlong they've ever seen. He starts eating their lunch and muttering about Cheey for games and they can't do anything because their engorged penises are stuck in eachothers mouths and poop chutes. They attempt to ignorr him and try to keep jerking but they accidentally used hand sanitizer instead of lotion. BAM GME starts rising from the ashes and the retards of WSB are lighting the fires. We brought lighters that we borrowed from our wives boyfriend's and they weren't those shitty clear one. We have motherfucking Bics and torches.
Melvin is crying and pleading but we are too retarded to understand coherent English. They see giant red dildos on their screens and their buttholes begin to pucker. They dump everything they have at us in an attempt to supress the price but again, we only understand broken english and emojis. We only understand basic visuals and colors. When we see green, we buy. When we see red, we take out another student loan or CC cash advance and we buy more. We are fucking unstoppable. GME skyrockets and they start scrambling to pull dicks out of random orifices, but it's too late. Bears R Fuk. After we are done splooging all over their faces, and becoming their wife's new boyfriends, we throw Melvin and BOA on the chopping block to be liquidated and disposed of.
That's what happens tomorrow, and we are gonna turn that shit into a movie.
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.
Anyone basing trades right now on fundamentals is a fucking tool
So many arrogant fucks here love talking fundamental analysis when they can't even tell me if lil’ Yachty got another Ferrari much less how stuffed the fucking Oreos are now. Fucking clowns, all of them.
Shut the fuck up and do your trades. If you really need a valuation multiple you can't even derive to tell you whether you should buy a stock or not, you deserve CHGG.
Newsflash, the stock market never made sense nor will it. Best you can do is trade gourd futures you know about and feel with your hands that it hasn't been spotted by any number of fungal pathogens in the complex ecology of modern supply chains. Or alternatively manipulate markets like the rich investors who funnel you into silver every fucking time like clockwork. Warren Buffet's dad was Paul Revere, if you think that shit didn't help The Wizard of Omaha then not only are you retarded but also delusional.
Now stfu about EBITDA and long term debt-to-equity ratios. If you actually knew what the fuck was going to happen you'd be chilling in r/lounge with a fat chick, not on wsb posting "anyone basing trades right now on technical analysis is fucking tool.”
So many arrogant fucks here love talking fundamental analysis when they can't even tell me if lil’ Yachty got another Ferrari much less how stuffed the fucking Oreos are now. Fucking clowns, all of them.
Shut the fuck up and do your trades. If you really need a valuation multiple you can't even derive to tell you whether you should buy a stock or not, you deserve CHGG.
Newsflash, the stock market never made sense nor will it. Best you can do is trade gourd futures you know about and feel with your hands that it hasn't been spotted by any number of fungal pathogens in the complex ecology of modern supply chains. Or alternatively manipulate markets like the rich investors who funnel you into silver every fucking time like clockwork. Warren Buffet's dad was Paul Revere, if you think that shit didn't help The Wizard of Omaha then not only are you retarded but also delusional.
Now stfu about EBITDA and long term debt-to-equity ratios. If you actually knew what the fuck was going to happen you'd be chilling in r/lounge with a fat chick, not on wsb posting "anyone basing trades right now on technical analysis is fucking tool.”
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.
