Talking Stocks 2.0

[AshCashEmAll]

Originally Posted by gabrielnovar

I am thinking a "Selective" rotation happens. where the fast money stocks get blown apart and the previous leaders regain.

That said...slowly accumulating bitcoin as that went through many bubbles and still standing. its been battle hardened now IMO

If there is one thing this year has taught me is a decentralized currency wouldn’t work. Hurts too many egos.


Sent from my iPhone using Tapatalk

[Kowaco]

Originally Posted by Duey

Am I the only one here that see's the similarities between GME and TSLA ?

Tesla is basically GME on steroids. Social media has created both stocks to become what they are today. TSLA has been one of the top shorted stocks by hedge funds for years. (I know a lot of people are going to disagree just because they love Elon)

Tesla has Elon


Sent from my iPad using Tapatalk

[BroncoOne]

Originally Posted by SMD

Need to adjust that tin foil hat and read up on T+2 settlement.

They made a decision to stop taking buy orders. It happened.

[EEpro]

Anyone think recent moves in SLV are the same situation ? I saw there was twice as much inflow as ever in the history that etf while short interest has been building.

I'm always long either SLV or AGQ but not in any meaningful way. 5% of portfolio.

[Laszlo]

Tomorrow morning is looking interesting.

[jltait]

Originally Posted by EEpro

Anyone think recent moves in SLV are the same situation ? I saw there was twice as much inflow as ever in the history that etf while short interest has been building.

I'm always long either SLV or AGQ but not in any meaningful way. 5% of portfolio.

Yes. Apmex just halted sales in silver bullion. SLV is going to gap up massively tomorrow imo.

[EEpro]

Originally Posted by jltait

Yes. Apmex just halted sales in silver bullion. SLV is going to gap up massively tomorrow imo.

Thanks. As always, I wish I had more.

[7sins]

Originally Posted by EEpro

Anyone think recent moves in SLV are the same situation ? I saw there was twice as much inflow as ever in the history that etf while short interest has been building.

I'm always long either SLV or AGQ but not in any meaningful way. 5% of portfolio.

Yup, look into AG as well, which is the most leveraged silver play out there, that is how I have been playing silver. They also just had a nice win in a Mexican tax dispute no one is talking about. Small and volatile allocation. Good read here https://dailyreckoning.com/the-resurgence-of-silver/. Historical Relation 16-1 gold to silver. Nowadays it is 70-1.

[trippinjimmy]

Interesting read - this guy has been spot on the past 13 months.

https://seekingalpha.com/article/440...=seeking_alpha

[bimmer nerd]

Originally Posted by EEpro

Anyone think recent moves in SLV are the same situation ? I saw there was twice as much inflow as ever in the history that etf while short interest has been building.

I'm always long either SLV or AGQ but not in any meaningful way. 5% of portfolio.

Originally Posted by 7sins

Yup, look into AG as well, which is the most leveraged silver play out there, that is how I have been playing silver. They also just had a nice win in a Mexican tax dispute no one is talking about. Small and volatile allocation. Good read here https://dailyreckoning.com/the-resurgence-of-silver/. Historical Relation 16-1 gold to silver. Nowadays it is 70-1.

Take this as you will.

There is a lot of talk that Citadel/Melvin is using SLV as a distraction from GME. They're one of the largest holders of SLV along Morgan Stanley/BAC/WF according to this screenshot.

[7sins]

Originally Posted by bimmer nerd

Take this as you will.

There is a lot of talk that Citadel/Melvin is using SLV as a distraction from GME. They're one of the largest holders of SLV along Morgan Stanley/BAC/WF according to this screenshot.

This is a peanut sized holding for them, Citadel manages $35B, this is a relatively small $800M position for them. They also have put hedges in place on this trade. If they were looking to corner this market, they would have a much larger position in this trade.

Also, putting all of that aside, IF they are manipulating SLV and silver prices higher, wouldn't it make sense to be on the same side of that trade. I'm not a fan of SLV but I think it could be a nice short term speculative play, especially in MUX, some good things happening for them in March. There was MASSIVE unusual option flow in MUX, large institutions taking a position here through dark pools I saw come in. I would not bet against them as they build this long position.

Just my .02.

[RyanO]

Looks like we're going to have another ugly week ahead. Futures heading south quickly. Does anyone have any thoughts on what kind of downside we could continue to see here?

@Trippinjimmy Thanks for sharing that article, that was insightful

[Etschell]

Buying a little pslv premarket. Why not.

[EEpro]

Originally Posted by 7sins

This is a peanut sized holding for them, Citadel manages $35B, this is a relatively small $800M position for them. They also have put hedges in place on this trade. If they were looking to corner this market, they would have a much larger position in this trade.

Also, putting all of that aside, IF they are manipulating SLV and silver prices higher, wouldn't it make sense to be on the same side of that trade. I'm not a fan of SLV but I think it could be a nice short term speculative play, especially in MUX, some good things happening for them in March. There was MASSIVE unusual option flow in MUX, large institutions taking a position here through dark pools I saw come in. I would not bet against them as they build this long position.

Just my .02.

Silver popped 8% this evening.

[logo]

Originally Posted by RyanO

Looks like we're going to have another ugly week ahead. Futures heading south quickly. Does anyone have any thoughts on what kind of downside we could continue to see here?

@Trippinjimmy Thanks for sharing that article, that was insightful

I’m watching for S&P 3600.

[Etschell]

Originally Posted by EEpro

Silver popped 8% this evening.

pretty crazy but not a huge deal. it was higher in august. ill open my eyes if it breaks 50.

[Laszlo]

SLV could be a trap. I’m torn.

What’s the word on BB and NOK.

[RyanO]

Originally Posted by logo

I’m watching for S&P 3600.

I think that level would constitute a healthy market pullback, although what’s going on in the market right now seems anything but.


Sent from my iPhone using Tapatalk

[logo]

Originally Posted by RyanO

I think that level would constitute a healthy market pullback, although what’s going on in the market right now seems anything but.


Sent from my iPhone using Tapatalk

I guess if you consider the entire market cap of the few stocks that are trending (BB, GME, AMC, NOK), it is a drop in the bucket of the market as a whole. I do believe that select funds will have to liquidate positions in other stocks to clear up some cash, however, I think again that is small relatively speaking. If anything, this is all a big shake to investor confidence which probably explains some of the selling in my view, and institution wise it seems like a good time/excuse to give the market a trim after a 3 month bull run. Fundamentally I believe there are still positive outlooks and financial supports in place to keep a medium-long term bullish view.

[0xalate]

Originally Posted by logo

I guess if you consider the entire market cap of the few stocks that are trending (BB, GME, AMC, NOK), it is a drop in the bucket of the market as a whole. I do believe that select funds will have to liquidate positions in other stocks to clear up some cash, however, I think again that is small relatively speaking. If anything, this is all a big shake to investor confidence which probably explains some of the selling in my view, and institution wise it seems like a good time/excuse to give the market a trim after a 3 month bull run. Fundamentally I believe there are still positive outlooks and financial supports in place to keep a medium-long term bullish view.

This. Also, many blue chip valuations are quite stretched imo. A lot of "good earnings" already priced into many of them like AAPL. Given the whole GME situation, I'd imagine many just want risk off in the very short term.

[JWD531]

I will welcome any nice pullback with open arms. I was expecting after earnings season was over, but we shall see. We don’t get our annual bonuses until March, so I am actually hoping it waits a bit...


Sent from my iPhone using Tapatalk

[bimmer nerd]

Originally Posted by logo

I guess if you consider the entire market cap of the few stocks that are trending (BB, GME, AMC, NOK), it is a drop in the bucket of the market as a whole. I do believe that select funds will have to liquidate positions in other stocks to clear up some cash, however, I think again that is small relatively speaking. If anything, this is all a big shake to investor confidence which probably explains some of the selling in my view, and institution wise it seems like a good time/excuse to give the market a trim after a 3 month bull run. Fundamentally I believe there are still positive outlooks and financial supports in place to keep a medium-long term bullish view.

I agree on all fronts. I would welcome a correction with open arms to add to my other positions.

[hkuo]

I’m new to stocks and I don’t understand anything close to what a majority of you guys know. I’m curious as I came across an interesting post on wsb where the OP’s hypothesis is that there’s a lot of counterfeit GME shares. If this is accurate, what does that mean for GME and the overall market? It seems like wsb thinks GME goes up, and the other long positions held by the HF’s will go down. Why wouldn’t both go down?

https://www.reddit.com/r/wallstreetb...tm_name=iossmf.

[tritium8]

Originally Posted by bimmer nerd

Take this as you will.

There is a lot of talk that Citadel/Melvin is using SLV as a distraction from GME. They're one of the largest holders of SLV along Morgan Stanley/BAC/WF according to this screenshot.

This is funny because the same ones going after GME to put the hurt on melvin noticed this and said stay away from silver because it only helps them for the price to go up.

[EEpro]

Email from Apmex just now:

"To our valued customers,
APMEX Statement On Current Market Conditions:

In the last week, we have seen a dramatic shift in Silver demand from our customers. For example, the ratio of ounces sold per day was running about two times earlier in the week and closer to four times the average demand by the end of the week. Once markets closed on Friday, we saw demand hit as much as six times a typical business day and more than 12 times a normal weekend day. Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in a week.

Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position. We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have partnerships around to world that allowed us to cover these long positions, but only to a point. Once we exceeded our comfort levels, we had little choice but to stop the sale of Silver on our website. This was a difficult decision to make and unprecedented in our history.

As we evaluate the markets, it is difficult to know where Silver's price and demand will go in the coming day and weeks. APMEX is highly capitalized and has more than $150 million in inventory to support demand. We have made strategic decisions to procure additional metal, locking up any metal we can find in the market place. We suspect premiums will rise and rise quickly, as we are seeing significant increases in our costs, when we can even locate the metal. It is also highly likely that we will need an additional day or two to fill orders based on current order counts. The one guarantee we can make to our customers is that you will only be sold metal that is on-site, or we have procured the metal with a firm commitment date from our partners. In markets like this, we feel this is the best approach a retailer can take, as no one can predict product availability.

We want to thank our customers for their patience and understanding during these turbulent times. APMEX prides itself on best in class service and delivering on promises to our customers.
Sincerely,
Ken Lewis
CEO, APMEX"

[77T]

Sounds like the elves are at it again.

Hope they stay away from Toilet Tissue


Sent from my iPhone using Tapatalk Pro

[tritium8]

Originally Posted by 77T

Sounds like the elves are at it again.

Hope they stay away from Toilet Tissue


Sent from my iPhone using Tapatalk Pro

[Laszlo]

Originally Posted by tritium8

This is funny because the same ones going after GME to put the hurt on melvin noticed this and said stay away from silver because it only helps them for the price to go up.

Citadel (bailing out Melvin) has a lot of puts on SLV. This whole thing is getting crazy.

[Baco Noir]

I’m sitting on about 10% cash waiting on a correction.

[SMD]

Originally Posted by BroncoOne

They made a decision to stop taking buy orders. It happened.

Yes because they ran out of cash to do so. When you take a buy order you have to post collateral with the clearing house until the trade settles. You do not have to do that with sell orders. Robinhood had a cash crunch and had to do an emergency cash raise in order to survive. Again, you really should learn a little bit about how the markets work if you are going to participate in them. Again, learn how securities actually settle and trade. You don’t own the share when the confetti 🎉 blows across your screen.