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  1. 1776

     Stock market is a scam....

    Hi Solomon For a 5-10 year horizon, I would be a bit wary of all the macro headwinds...over a decade of zero interest rate policy and quantitative easing is over. We are now in a tightening cycle...albeit, I believe a shorter than advertised. Tech and growth have already taken significant...
  2. 1776

     Stock market is a scam....

    Hah...yes, I read that site regularly. Its a great resource, but to be a contributor, you commit to regular frequent posts and too many of the contributors nowadays just post rehashed templated of content driving you to their newsletter or website. Im not that interested in promoting myself...
  3. 1776

     Stock market is a scam....

    Some people can talk about The Bachelor or Clippers v Lakers for hours. I do markets. Shrug.
  4. 1776

     Stock market is a scam....

    GME management is incompetent, borderline criminally negligent. Notice they havent made one public statement during this fiasco. Just think about this last 5 years when everyone saw they had an outdated business model increasingly exposed to ecommerce and digital sales. The first warning sign...
  5. 1776

     Stock market is a scam....

    You wouldn't. It was simply supply and demand. All the shorts were desperately scrambling to buy the stock to cover their positions and limit losses. Everyone in the market knew it so there were very few sellers as they all watched the mania and as the demand overwhelmed supply, the buyers had...
  6. 1776

     Stock market is a scam....

    That's silly. Seriously...that statement is very shortsighted. There's a scam, but half of the scam is tricking you into blaming the wrong party. A corporation is a legally registered, individual entity granted the same legal protections as individual citizens. The corporation is organized...
  7. 1776

     Stock market is a scam....

    Shorting Gamestop 3 months ago at $20 was a nickel in front of a bulldozer. Shorting 1 month ago at $400 was like taking candy from a baby. It's all relative! ;-)
  8. 1776

     Stock market is a scam....

    Yes....that's all true and is part of the risk of shorting. But its a rare occurrence. If you are experienced enough to short stocks, you should know how to check the market liquidity of the stock, the short ratio and available shares of the stock and to know if your broker is a market maker...
  9. 1776

     Stock market is a scam....

    True, but like all business contracts, you should read the fine print before signing! I've never seen such an agreement which allows a firm to forcibly call back a short position for any vague reason. It's almost always tied to margin/leverage exposure by the borrower. Some of these newer...
  10. 1776

     Stock market is a scam....

    I wouldn't say the stock market is a scam. Like most things, people with more capital have greater advantages. If you have a $1 million account, you are more likely to spend $200/mo for real time news releases and a data platform that gives more insight to in depth market activity. You would...
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