1st off if you don't know, Jim Cramer is the biggest paid financial shill for Wallstreet. His job is to get dumb money to invest in dumb things. His track record is soooo bad there's no other expiation. You can actually do well on stocks and beat the market by doing the opposite of what he says.
CNBC just used 30 minutes of time that was scheduled to be part of a normal hour of Shark Tank.
Every day at 5 PM Pacific the news on CNBC ends and Shark Tank begins. This Monday was no different, except the stock market saw the NASDAQ take a -4%+ drop and DOW take a -3%+ drop only to recover, and like another post on this sub pointed out, that’s the most significant drop and recovery in a trading day since October of 2008. Eesh.
So why does Shark Tank matter? Shark Tank is a ratings monster. There’s a reason it is first up in prime time every single day on CNBC. There’s a reason I watch it every day other than just wishing I could make a bunch of fucking money for some other reason besides just all the money I plan to make on GME (so I could then throw it all into GME and make more). But besides all that, it would take a lot for CNBC to just skip over 30 minutes of Shark Tank. They wouldn’t give up all those eyes for nothing, unless they wanted them on something. And guess what they had on.
They had fucking Cramer. And he was shitting on retail traders like normal, but he was also desperately sending a message. And that message was that we are not in a recession and everything is okay. He tried to say that now is the time to buy. That buying in this uncertain time is the antidote. They gave Cramer 30 whole minutes of Shark Tank time so he could plead with the working man to keep buying, keep bag holding as we veer off of the cliff, because we are veering hard. He knows it, CNBC knows it, they mentioned it on the show.
They literally said, you can taste it. Regular people can taste it. Wild statistics like the dip and recovery today being the biggest since October 2008 are piling up, we are seeing the writing on the wall clearer and clearer and the dumbest of smooth brain non-apes who invest in mutual funds are starting to hear little birds telling them something is off. And they’re starting to question their masters, and CNBC has to take the time to inject an extra fat dose of it-will-be-okay to keep grandma and mom and dad buying stock while the market makers and rich investors cash out and jump ship.
TLDR; Shark Tank being interrupted by Cramer telling folks to bag hold harder is the canary in the MSM coal mine.
Persona opinion: this is likely tied to the GME and other stocks naked shorting and synthetic shares costing Hedge Funds BILLIONS so far. It looks like a major one got margin called yesterday.
Actually, I think you are the one (among others in this thread) who is being obtuse.
You have NOT addressed GME's financials. It loses money. It has a burn rate that will put it into bankruptcy without a bailout ... SOON.
What do you have to say about THAT?
Regarding GME/XRT --
I have NOT said that nobody at all is shorting XRT naked. Obviously, somebody is. But what evidence do you have that it is GME shorts doing it?
Just because XRT is being naked shorted, it does not mean the shorts are doing it because they want to be short GME. Maybe a chunk of it is those guys, but what evidence do you have it is them?
Seems like hopeful wishes. Somebody ran up GME a year ago, and came up with the naked short story. That was TRUE ... back then. But since those positions have been unwound, the story shifted to XRT being manipulated BECAUSE of GME.
Did you READ the SEC paper? It was talking about the 2012-2014 timeframe. The problem has been around A LONG time -- long before GME became a public stock.
When I was saying before that "they would not do it," I was not talking about the GME short sellers. I was also not talking about XRT short sellers.
Some of the people in this thread wrote in such a way that made it seem like it was the money managers of XRT (which is EXACTLY what I wrote) being involved in using XRT money to short GME within the XRT fund itself.
I said that THAT would not happen. Now, I realize you guys are not talking about that. You are talking about short sellers shorting shares of XRT. So, the XRT managers don't have anything to do with that (although, they should be aware of this, and blowing the whistle, but they don't seem to be).
I just came to this story yesterday. You guys are not exactly clearly laying out the case for your position. You are the only one who has actually explained anything. Everyone else in this thread is nothing more than a cheerleader.
Let's get some pom poms for queball. ;-)
Now that I understand you are talking about the manipulation of XRT shares, and not the XRT management manipulating GME shares, your story makes more sense. Not that I agree with it, but at least it is not complete lunacy.
I wrote in one of these posts that the 90-day cycle is tied to the earnings cycle. A big run up, and then melt down. MOST stocks are tied to their earnings cycle. This is a good time for shorts to exit their positions, as the price and volume both go up. But it does not prove anything. You don't like my answer, but I DID address it.
I have not looked into it. So, I can't comment on it.
That is corruption at its finest. There may be some fuckery going on. But guess what?
THAT DOES NOT CHANGE THE FACT THAT THE COMPANY IS A DOG SHIT COMPANY, LOSING MONEY, READY FOR BANKRUPTCY ... AND YOU HAVE REFUSED TO ADDRESS THAT.
MEME has fewer assets than the trailer park that queball lives in.
Question: Other than MEME, XRT, and any other funds that own GME, what OTHER funds ALSO have these FTD's?
If there are none, then you might have something. But since Goldman Sachs makes MOST (maybe all) of its profits from lending out "hard to borrow" securities, you can be sure that GME, XRT, and MEME are not the ONLY stocks and funds that have massive amounts of fake shares.
What do the FTD's show about all the stocks and funds out there? It is is ONLY GME-related, you might have something.
You're damn right, because you did not tell me what was in there. Remember, I don't give a FUCK about GME, one way or the other. I noticed the Jim Cramer thread, and responded. My FIRST post was about what a doofus Cramer is, but other than that I thought everything else in the OP was bullshit.
That's when the knives were thrown at me.
I have ZERO interest in any in-depth DD of GME. It's an intersting story ... MILDLY ... but if you are not going to explain what the hell I am supposed to be looking at, I am not going to spend the time to dig through it.
I spent time reading the SEC paper. I read the first half.
Did YOU read it? I bet if you did, you are the ONLY one in this thread who did.
Wild goose chases are not my thing. If you can point to something SPECIFIC (which I asked you to do about the SEC paper, and you did not do), then I might take a look. Otherwise, nah.
Again, I don't give a FUCK about GME. Therefore, OF COURSE it is true that I would not know everything that all of you, who have been following it for more than a year, would know.
BUT ...
I quickly found out (within less than a minute) that the company LOSES MONEY. And that they have a BURN RATE LEADING TO BANKRUPTCY.
And ... YOU HAVE NOT ADDRESSED THIS AT ALL.
The ONLY person in this thread who responded about the financials ... had EVERYTHING WRONG. Don't you think that is ... I dunno ... weird?
IF all these naked shorts exist, all they have to do is hold out until the company is out of money and cannot find a big whale to prop them up. At that point, ALL the shares become worthless, and the shorts simply close out their positions and have a nice vacation on the yacht.
The longs, OTOH, have a VERY tough road to go. The ONLY hope it seems is the mythical BIG SHORT SQUEEZE ... that was supposed to happen over a year ago. But the stock is DOWN 80% from then, in a market that is UP during that same time.
Why do you continue to IGNORE the fundamental of the BUSINESS that the stock represents? That tells me A LOT about you and the others here.
Well guess what? IF that happens ... I will probably make money on it, just like you.
But what I WON'T do is ... be a bag holder for more than a year, down 80%, and THEN smile about the big move up. No ...
IF a massive short squeeze happens, I will SEE it on my chart, just like I did last year. I MIGHT wait for the inevitable pullback, and then take a ride along with you.
But in the meantime, I have my money elsewhere ... and NOT LOSING 80% SITTING ON A DOG SHIT COMPANY FOR AN ENTIRE YEAR.
If you want to address the horrible financials of the company, I would be interested in seeing what you have to say. Because THAT is the ultimate test. Can they turn it around? If so, how exactly?
If you cannot do that, then I have no further interest in speculating about "secret short sellers." They might exist. You might be right.
But it has not made you any money, has it?
It is a lot smarter to WAIT for it to make its move, rather than sitting on a big 80% crash.
It is already down 80%. There is no reason it can't go 100%.