The Stock Market Thread

Discussion in 'The Thunderdome' started by golfballs03, Oct 28, 2011.

  1. TennTradition

    TennTradition Super Moderator

    But you absolutely can’t look at the magnitude of the market. It’s the imbalance that matters. An extra 1-2 MBPD with no demand is massive.
     
    droski likes this.
  2. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    How would you have shorted it?

    Isn't that kind of like saying if you give me $200, I'll give you $300. But you gotta send me yours first...
     
  3. IP

    IP Grusader Knight Errant of the 8th Order

    By investing in this NEW cryptocurrency sure to replace it! Check your pm's, it's like free money!
     
  4. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    Shorting though a brokerage typically works via the brokerage holding the security, right?

    Then you can buy to cover the short at a lower price, and pocket the difference.

    But in crypto, wouldn’t people want to see that the amount went across the chain, into their wallet? Like actually, not just “in good faith?”
     
  5. IP

    IP Grusader Knight Errant of the 8th Order

    Cryptocurrency fraud is rampant. I wouldn't think some sort of shorting process would be different.
     
  6. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    I think if I were conducting a monetary transaction in a completely unregulated and decentralized market, that I would see the color of their money before executing that transaction, and would expect the reverse too.

    Even if the website was totally something like NotFraudulentBitCoinAndImNotANigerianPrince.com, trustworthy as that site no doubt would be.
     
  7. IP

    IP Grusader Knight Errant of the 8th Order

    Ya, that's just what the Man wants you to do, leave a paper trail!
     
  8. droski

    droski Super Moderator

    There are instruments that own cryptocurrency now. It’s some sort of unit investment trust that holds bitcoin. Basically I can borrow shares of that and buy them back if it goes down. I’m not sure how well it tracks bitcoin though. That’s usually the problem.
     
  9. droski

    droski Super Moderator

    Right the security owns bitcoin. So I’m not shorting bitcoin per se I’m shorting the security that owns it. I think there’s actually an short one now too, but I bet it sucks ass at tracking it accurately. It’s been like a year since I looked into it so I don’t remember everything exactly
     
  10. NorrisAlan

    NorrisAlan Super Moderator

    I have some Thomas Kinkade paintings if anyone wants to buy them...
     
  11. Volst53

    Volst53 Super Moderator

    How much? That’d be some good diversification on my portfolio to go with my Dale Earnhardt memorabilia
     
  12. NorrisAlan

    NorrisAlan Super Moderator

    I can throw in some 1999 dot com stocks as well, if you would like.
     
  13. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    If you had an actual stock certificate, that might be worth something one day.
     
  14. CardinalVol

    CardinalVol Uncultured, non-diverse mod

    If we've got any other bad news, let's just get it out of the way now and be done with it.
     
  15. IP

    IP Grusader Knight Errant of the 8th Order

    My beanie babies are depreciating faster than my Bill Cosby sweater collection.
     
  16. fl0at_

    fl0at_ Humorless, asinine, joyless pr*ck

    I have some GE...
     
  17. droski

    droski Super Moderator

    a family friend of mine inherited like $500k of GE in 2010. I told her to diversify, but she wanted the dividend and isn't very sophisticated. i think it's worth like $100k now. kind of sad.
     
  18. kptvol

    kptvol Super Moderator

    Maybe they’ll bring back Jack Welch.
     

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