/biz/ - Business & Finance

>>57008030
it's just a glitch or some inspect element fuckery to make schizos tilt

>>57008030
Imagine believing in a trillion dollar position

>>57008256
>>57008269
It's legit
https://kgc0418-tdw-data-0.s3.amazonaws.com/ca/ticker/CA_OPTIONS_DETAIL_EQUITIES.HTML?disID=832343112

>>57008319
took me 10 seconds

>THE FUTURE OF COMMERCE, THE IDEA THAT WILL PUSH GME AHEAD OF AMAZON, IS SELLING DVDS

lol, lmao

>>57008366
I don't know why people would need you to post this to know that there isn't really a $1Tn equity swap expiring.
GME baggies are unbelievably gullible and lack critical thought.

i bet finance people are having a blast posting those conspiracies to entertain the gme retards

>>57008366
kek they just use that as a placeholder if the real number is "not available"

yeah ok, sounds like the real number is too high to print so they use this instead

>>57008396
How is that more likely than an internal error?
You honestly believe somebody opened a ONE TRILLION DOLLAR equity swap on fucking gamestop? Why?

>>57008030
The current price reflects any speculation on something like this so at best if there were a massive liquidation the price would spike momentarily as speculators sell into the liquidation after which the whole shitshow would be over and it would begin its descent

>>57008366
Sure, the number isn't available but multiple forms have gone under after buying this position out. It must be a very large position

>>57008405
>ok it's not the number that was quoted originally, but it must still be a really really big number!
Peak delusion

>>57008402
A spike would render market makers illiquid if not insolvent. The only trades will be ones that hit the lit exchange. The hope and dream of every gme holder is true price discovery.

>>57008410
Explain why you think a position that has bankrupted two firms and is in danger of bankrupting a third is small

>>57008400
bill hwang is in prison for life. they only put wall street people in prison for life if they do something REALLY bad. Look at Jon Corzine or Angelo Mozilo.

>>57008030
Nothing it’s complete nonsense made up by a financial illiterate. Believing this shit for any length of time means you’re too stupid to have money in the stock market

>>57008442
You mean to tell me the hedgies didn't link up with the freemasons to leverage the wealth of the planet to short gamestop?

>>57008434
I don't think it's small, I just don't think it will make GME moon. You're all desperately looking for copium.

>>57008441
I don't see what this has to do with people posting misleading information about a non-existant trillion dollar equity swap you disingenuous faggot.

>>57008467
I'm not a GME baggie and I'm not expecting the market cap to hit one quadrillion. The point of this thread was to see how much people expect the market cap to go up when this goes through so I can open a long strangle on it

>>57008030
the fastest way to filter out bullshit is the following: if a post contains the words GME or Gamestop, you can skip it. don't engage with it, don't think about it. it's wrong / misguided / misleading

>>57008482
seethe

>>57008030
Why can't people accept that they missed this? I bought this shit at $5 in September 2020 and didn't sell anywhere near the top. It was just a pump and dump by that crafty dog food jew and people are treating it like the second coming of Christ.

>>57008410
This but unironically.

PSA: I am not a retard for buying GME at $292 because martin shkreli said it'd probably go to $1k and brokers manipulated the market.
I'm actually really intelligent.
it's just that I was DEFRAUDED.

>>57008535
Ah cool, so it has nothing to do with the non-existent trillion dollar equity swap? Just as I thought.
>>57008486
Fair enough, if you're being honest. Although I don't know why you'd need /biz/ to tell you equity swaps expiring generally induces positive price action for the underlying stock.
I do suspect the real reason for your thread was to affect public sentiment towards gme by posting purposefully ambiguous and misleading facts on a mongolian basket weaving forum. I have /gme/ filtered like any sensible anon, this one slipped through - I'm only here to provide a contrary perspective for naive anons.

>>57009006
I'm not sure how much time you have on your hands, but it's pretty fun trolling their generals. People have just been posting copypastas of old hype posts, they're getting really paranoid and think le hedgies are running bots on an obscure Mongolian basketweaving forum. It's also fun threadsplitting them, which causes further discord within their community as well as souring the rest of the board towards them. I like to do it when I have nothing better to do, but I think more people should join in.

>>57009006
>I do suspect the real reason for your thread was to affect public sentiment towards gme by posting purposefully ambiguous and misleading facts on a mongolian basket weaving forum. I have /gme/ filtered like any sensible anon, this one slipped through - I'm only here to provide a contrary perspective for naive anons.
>filtered GME
>thread says GME without doing any the gay filter avoidance tactics

So your just lying needless for some reason, so therefore i doubt everything you have said :)

>>57008405
what the fuck are you talking about, retard?

archegos went bust because they had equity swaps on chink tech and paramount global. Archegos hid the fact that they were doing the same transactions w/ multiple counterparties and built up huge exposure. The banks on the other side of the equity swaps had to buy the underlying stock to hedge, which created a virtuous cycle of buying stock > raising price > gains for archegos > need to buy more stock, etc

eventually paramount tried to raise equity and that imploded the shares 50% in a week, destroying the whole thing and saddling the banks with huge losses.

in no way, shape or form was GME involved in this, retard.

>>57009591
Yes it was, bloomberg terminal showed CS having like 2.9 bill short on GME after Archegos blew up. This happens right after they announce they need 2 bil to keep the doors open.

>>57009616
proofs?

>>57009616
Proof, faggot

>>57009770
>>57009663
Heres what I was recalling, 500k puts

>>57009328
Kek, you're doing God's work, anon.
I only have time for this on sundays, but maybe I'll contribute in future.
>>57009568
I filter "/gme/", not just "gme". If I did the latter I'd filter out any non-GME related thread that happens to include a word containing that character motif. You'd have known this if you weren't a delusional GME tourist newfaggot.

>>57010088
the numbers I spouted before were my memory of some Jap firm estimating their losses. But these puts were real and it was around the time of them asking for a bailout.

What threads are you gonna filter with the letters GME faggot. Literally only the general, thread splitting fags and the occasional question thread like this.

>>57008030
It's the next goal post baggots moved to and once it fails to cause a squizzly squooze baggies will move on to the next one. In 3 more years baggies still will not make it. Kek baggies.

>>57010126
Off the top of my head? Fragment, ragmen, tegmen, augment, figment, frogmen, bagmen.
Bagmen, as in you. The GME bagmen.
My scrabble calculator tells me there's 72 different words containing that motif.
You're a fucking idiot.

>>57009591
I GOT ALL THE DD, spanning two years back. A sub-reddit predicted the downfall of all 150 year old bank, disprove that.

Credit Suisse report, 2 years go.
https://www.reddit.com/r/Superstonk/comments/ox7p7a/wut_doing_credit_suisse/
https://www.reddit.com/r/Superstonk/comments/11vpj4z/i_wonder_how_these_credit_suisse_archegos/

March of this year.
https://www.reddit.com/r/Superstonk/comments/11zwpot/on_march_12_2021_archegos_asked_credit_suisse_to/

Credit Suisse chairman explaining how they died. Must watch.
https://www.reddit.com/r/Superstonk/comments/11vw1px/hmm/
- Axel Lehmann: We are affected by a market model that no longer works.

UBS Chairman talking about how to derisk Credit Suisse's Swaps
https://www.reddit.com/r/Superstonk/comments/11w2agx/gme_swaps_ubs_chairman_colm_kelleher_what_i_wanna/

>>57008864
>Why can't people accept that they missed this?
That's the entire issue. It's people who never thought about investing until it was days too late and their gullibility is a lack of knowledge. There should be knowledge tests or IQ tests to invest in the market.

>>57010406
>There should be knowledge tests or IQ tests to invest in the market.
Why? That's the game. Economics is pvp. If you take the dumb money out, we stop transferring wealth from the stupid to the smart. Introducing pre-trading IQ tests would literally save stupid peoples' money and cut into smart peoples' investment profits.
You must be a communist or something.

>>57008030
Some shit I found... the 2nd part makes it seem very sus.

1st:
https://www.reddit.com/r/Superstonk/comments/18j89ni/isnt_that_999_trillion_number_we_keep_seeing_in/
https://imgur.com/a/Bh8fg7x

2nd:
https://www.reddit.com/r/Superstonk/comments/18froyt/what_the_swap_is_the_quadrillion_swap_behind_the/

I would've understood if it said 1970-Jan-01, but it's actually 1970-Jan-19 16:32:56, which is far from being a default zero-number. So I did my own research into the matter a while ago.

I put that date into Epoch Calculator, which uses Unix for its timestamps. I then took that timestamp and added 3 zeroes, as if it was measuring this date in milliseconds.

The answer? 2021-Mar-03 12:53:20 (GMT). This was mere hours before the swap was announced. (EDIT: not even an hour)

Thus I believe I know exactly what happened to cause this error, but I still don't know why it happened. For all intents and purposes, such a glitch shouldn't occur, especially in such an important swap.

EDIT 2: For anyone curious to use the tools as well to confirm, take this https://www.epochconverter.com/

>>57010393
good info desu.

so looks like UBS absorb these assets and liabilities from CS when Archegos failed. The reddit post says extended 2 yrs from March 2021, so these assets would have matured around March 2023? but possibly it is still 9 months off the OP post of these equity swaps maturing on Dec 15 2023 ?

So doesn't seem like these positions were closed and just extended down the road? so real question is.. what is the catalyst that will make them close their positions or somehow increase margin call requirements or something on these massive swap positions?

The $999,999,999,999,999.99 could also be used when the information for that field isn't filled yet, but also makes sense because how the hell you price those swaps without putting an infinity # in there?

>>57008441
Is he even in prison or convicted? He's out on bail right now isn't he?

>>57008030
GME is going to single handedly break wall street and out Trump back on office

>>57008366
Most people with common sense know there has to be a logical explanation. Meme stocks are the most retarded morons in investing and so believe Q level bullshit

>>57011180
From a programming stand point it's very common to max value shit like this to represent a special scenario