/biz/ - Business & Finance

How come you guys are going in for so little? NOK is longterm. I've been looking and thinking about maybe $1K as a minimum, and that's nothing compared to people with actual money to spend with real jobs etc.

There have been posts about short-sellers; why do they need to close their position? Can't they hold out until the price goes down? They can indeed do that, but they have to pay to borrow those shares, what ARE they paying to not close?

FAQ on selling short shares.
https://ibkr.info/article/1146

Rough calculations based on the current price of GME.
There's an approximate 32~% on GME short Borrow Fee Rate, assuming 60million shares being shorted everyday.
60,000,000 shares X $300/share = $18 billion dollars are being borrowed for shorting.
$18 Billion * 32% / 360 days in year = $16 million dollars a day (trading day or not)

The money that they have tied to margin on the short cannot be used elsewhere. If they could have been making 5% somewhere else, they are effectively paying 37% to short GME stock.
>when will the squeeze happen?
The better question is WHY the squeeze will happen. At some point, these hedge funds are going to need that money for something else. They are losing ~16mill/day. That is assuming the price does not go up. If it goes up any more, they are losing more on interest.

The other problem for them is what happens when they cannot borrow shares anymore. If any of us decide they want to sell, and the brokerage has to get the stock back from the short-seller. The short-seller has to go to the market and buy for whatever price is available. In a way, we have control over what price they are forced to buy at. If the liquidity in the market disappears, you can set your price to be $1488.69, and they have to pay it. Holding the stock, you are squeezing hedge funds and market makers for as long as there is no liquidity for GME stock.
>we can stay retarded longer than they can stay solvent
There are many battles before you can win the war.

>>27013295
Is it really about being educated? Or is it all just really manipulation?

>>27013296
Yeah in thinking about putting $200 in BTC or doge because meme hype

>>27002736
HOW HIGH WE GOING TODAY AMCHADS

number go up

>>26955592
Right, so my point is that first you go against ((them)) with shit like GME, Doge, AMC and so on.
Then when the dust settles you hedge your bets and join ((them)).
If they get raped by true defi, your eth/stink/cardano/whatever wins.
If they take over, your zerps win.
It seems like the perfect schizo hedge.

>>26913871
Seems like buying physical is pointless then if the price needs to rise 30% just to break even. Unless you are expecting the RESET then I see no point.

How much does an oz cost above spot when I go buy physical?

>IT'S NOT ABOUT THE MONEY

It's about the money

>>26743146
>Get eToro

Considering what I've been seeing with GME, it appears they don't like you doing certain things. Should I just ignore that as it's a once in a generation thing?

Regarding getting the roll going, what's a good amount of money to invest as your first go? With that in mind is it best to see how one goes or do multiple investments at the same time?

>>26711041
yeah it's just share of volume
i can't see an updated value anywhere just the dec 30 value
i guess you need the bloomberg terminal or some other big bucks chad thing

I know a Company can DEDUCE costs, but

How would a Billionaire not pay taxes for a new 200k car? Do billionaries pay taxes on food? Or are they always "on the house"?

How do they pay their taxes?

>>26276310
Linking for the archive
>>26262774
>>26263747
>>26264603
https://stocktwits.com/BengalTigerWoods/message/275388398

>>26236555
While I agree that is ideal Anon.. these people have all the money, all the tech, all the armies, all the politicians, all the media, and the list goes on. If they're gonna make it, I might as well make it too.

I'll be too busy calculating my gains to reply.

>>26035486
This.

>>25996797
23% of that goes to Biden

>>25909352
Not sure I want to fork up

>>25797025
After a quick fact check, this is, in fact, true.

Which wallets are you guys using? Im currently thinking about metamask or trustwallet. Any recommendations?

To get thread started:

1) What ICO are you looking forward to?
2) What is the greatest shitcoin on the market right now
3) what was your worst crypto asset

BEST STOCK TO GO ALL IN WITH $25K FOR THE NEXT 24MONTHS?

>>25460556
>>25460303
>>25460360
>>25460460

Sirs, I entered all of your parameters.in my calculator. Claculator now shows result: "B A S E D".
Based on what, sirs?!?

Do you keep your short term capital gains in a separate account in cash, or reinvest it until the next tax year?