6
Datasinc 6 points ago +6 / -0

Um, no. Prison is unbiblical and is NEVER called for in scripture.

Rapists deserve the death penalty, Their victims deserve closure.

Taxpayers do NOT deserve to have their money stolen from them to the tune of $40K+ a YEAR to house these bastards. If you do that you make everyone else victims too.

Death for rapists, murderers, kidnappers, and anyone baring false witness to any of those crimes. (False accusations carry the same penalty as the crime the accuser is claiming against someone else)

6
Datasinc 6 points ago +6 / -0

Punishment for what? Who was the victim? Seriously? Who did that 2 grams of dirt weed in a 20 year old kids pants hurt? A kid that was otherwise responsible and worked a good job, payed bills, and didn't cause trouble.

I have since become a Christian and have been sober 12+ years and I feel even more strongly against that type of incarceration than before.

It's unjust, unbiblical, immoral, increases crime by putting innocent kids in with hardened criminals where they are easily influenced, and it costs taxpayers $40k a year.

It would be cheaper and more effective to send someone to trade school with drug testing or rehab for more serious drugs.

Honesty smoking weed, just like drinking alcohol is like you said, my business. The government doesn't need to be a part of it unless a real crime is committed because of it. Prohibition doesn't work. Incarceration for substance abuse doesn't work.

6
Datasinc 6 points ago +6 / -0

These weren't prisons, this were county jails for both convicted AND unconvicted individuals. (Aka INNOCENT)

Many of the people there were in for victimless crimes.

The conditions were inhumane. I was there.... for having a couple of grams of weed back before it was legalized. I didn't deserve to be in a tent that got up to 140ยฐ in the summer.

If it's rapists, murderers, pedos, and violent criminals, cool. Fuck em.

But that was NOT rehabilitation in the slightest for people convicted victimless crimes like weed possession and being locked in there with violent offenders.

I saw some 22-year-old college kid in for a driving on suspended license get beaten to death by a Mexican gang in there among other things.

Just be clear I am very liberal with the death penalty. I believe in capital punishment for murder, rape, kidnapping, and even false accusations for any of those three crimes. But incarcerating decent people for victimless crimes is evil.

5
Datasinc 5 points ago +5 / -0

I disagree but time will tell.

Lots of people read their customer agreement. IF they understand it they also need to read and understand every law and regulation it's based upon.

I'm not gonna pat myself on the back or anything, just lay down facts without the appeal to personal authority. I'm an anon. You will NEVEER know who you are talking to.

Account Agreement Terms: When Brokers Can Sell Your Shares Without Notice

Account Agreement Terms often include provisions allowing brokers to sell your securities without prior notice. These clauses are designed to protect the brokerage firm from various risks and ensure compliance with legal and regulatory requirements. Hereโ€™s a detailed exploration of these terms, the reasons behind them, and examples of when they might be invoked.

1. Understanding Account Agreements

When you open a brokerage account, you sign an agreement outlining the rights and obligations of both you and the brokerage. These agreements typically include:

  • Margin Requirements: Terms related to margin accounts, including maintenance of equity levels.
  • Collateral for Debts: Provisions allowing the broker to use your securities as collateral for debts owed to the brokerage.
  • Discretionary Sales: Clauses permitting the broker to sell securities to protect the firm's interests.
  • Compliance Clauses: Provisions for selling assets to comply with legal and regulatory requirements.

Reference:

2. Common Conditions Allowing Brokers to Sell Shares

A. Financial Distress or Market Events

Situation: In cases of market volatility or economic downturns, brokers may sell shares to mitigate risks associated with significant financial distress affecting the client or the brokerage.

  • Reason: To protect both the clientโ€™s and the brokerageโ€™s financial interests by preventing excessive losses.
  • Example: During a market crash, if your account balance plummets and your equity falls below required levels, the broker might sell shares to cover the deficit and prevent further losses.

Reference:

B. Margin Calls and Maintenance Violations

Situation: If your margin account falls below the maintenance margin requirement, the broker can sell your shares to restore the required equity.

  • Reason: To comply with margin requirements and manage credit risk.
  • Example: If youโ€™ve borrowed money from the broker to purchase stocks and those stocks drop in value, leading to insufficient collateral, the broker may liquidate some assets to meet margin requirements.

Reference:

  • FINRA Rule 4210: Details margin maintenance requirements and the conditions under which brokers can sell securities without notice.

C. Debt or Fee Recovery

Situation: If you owe the broker money for fees, commissions, or other charges, the broker can sell your securities to cover these obligations.

  • Reason: To ensure that outstanding debts are settled.
  • Example: If you have unpaid fees for account management or transaction charges, the broker might liquidate your securities to settle these debts.

Reference:

D. Fraud Detection or Regulatory Compliance

Situation: If thereโ€™s a suspicion of fraud or illicit activity in your account, brokers can sell shares as part of their compliance protocols.

  • Reason: To comply with legal obligations and prevent illegal transactions.
  • Example: If unusual trading patterns suggest insider trading or market manipulation, the broker might freeze or liquidate positions to comply with regulatory investigations.

Reference:

E. Change in Investment Strategy or Policy

Situation: Brokers may sell securities if a change in the investment strategy or policy of the brokerage firm affects your account.

  • Reason: To align client holdings with new strategies or policies.
  • Example: If the brokerage decides to shift from individual stock investments to mutual funds for certain client accounts, they might sell existing shares to transition to the new strategy.

Reference:

3. Legal and Regulatory Foundations

These actions by brokers are governed by a combination of:

  • Securities Regulations: Laws that provide frameworks for brokerage operations, such as the Securities Exchange Act of 1934.
  • Industry Standards: Guidelines established by industry regulators like FINRA and the SEC.
  • Contractual Agreements: Specific terms outlined in your brokerage account agreement, which often adhere to broader regulatory standards.

Reference:

4. Best Practices for Clients

To manage and prevent unexpected sales by your broker, consider the following:

  • Review Your Agreement: Understand the terms of your brokerage account, especially provisions related to margin and discretionary sales.
  • Monitor Your Account: Regularly check your account status to ensure compliance with margin requirements and fee payments.
  • Communicate with Your Broker: Maintain open lines of communication with your broker to address any potential issues proactively.
  • Maintain Adequate Funds: Ensure you have sufficient equity in your account to meet margin calls and cover any potential fees.

Conclusion

Brokerage account agreements include terms allowing brokers to sell shares without notice to manage risk, comply with regulations, and settle debts. Understanding these terms and actively managing your account can help mitigate the risks of unexpected sales. Always read your account agreement thoroughly and communicate with your broker to ensure you are aware of and compliant with all relevant terms.

6
Datasinc 6 points ago +6 / -0

Lol! There are MULTIPLE reasons to move to CS.

Just a few:

-Not your name, not your shares. (Your broker can sell your shares or restrict your trading at any time for self preservation. It's in their TOS. With CS the shares are in your name, not your brokers. They are truly yours.

-In a broker your shares will be lent out and often used to short your own position. That means your broker makes money renting out your shares to use against your interests.

-Synthetic shares: There are countless synthetic / paper shares out there right now. Not a huge deal until it is. When the tide goes out your broker may not have real shares for you. In CS that's not an issue.

Next time ask a question instead of stating stupidity as fact.

2
Datasinc 2 points ago +2 / -0

Then I'm sure you're familiar with the LULD committee. They are responsible for lots of halts. The key is to look at who is on this committee. Itโ€™s all hedge fund reps. ALL.

They have a big red button basically. They can halt at any time. We saw multiple halts before and during roaring kitties live stream that are otherwise unexplainable.

These were manual halts or at the very least AI triggered by keywords. He actually points it out towards the end of his stream.

3
Datasinc 3 points ago +3 / -0

As others have suggested, Fidelity.

If you're going to purchase more than one share I would suggest putting at least 1/3 of your purchases in a Roth IRA which you can also open up through Fidelity.

Why?

Because any stocks that you own for less than a year that you sell you have to pay short-term capital gains taxes on which is about 40%. But if it's in a Roth IRA retirement account there are no taxes but you can't withdraw that money until you're 59 and a half without paying a penalty. Inside your Roth IRA You can buy and sell whatever stocks you want without having to worry about any tax implications.

7
Datasinc 7 points ago +7 / -0

It's much faster to do it through Fidelity and transfer your shares into computershare.

By the time you could activate a computer share account and get money into it and your purchase order go through we could already be in the several hundred dollar per share price or more.

7
Datasinc 7 points ago +7 / -0

For those of you unfamiliar that's from a famous scene out of the movie The Big Short. https://youtu.be/FoYC_8cutb0?si=4_BaFyl9sb5GBMjJ

Some brilliant autistic son of a bitch put roaring kitties face in place of the Quant (quantitative math specialist)

20
Datasinc 20 points ago +20 / -0

As a poker player that sits the table and likes to put on a dumb act to make money I can tell you definitively that he is putting on an act / show here and just trolling so hard.

He keeps talking vaguely and acting like he doesn't know what technical analysis is on the stock chart. (Dude was literally a researcher/analyst for MassMutual ) He also doesn't actually use Yahoo finance like some boomer looking up their 401k from Ace Hardware.

He keeps talking about hitting the button which is a veiled threat of him exercising his calls.

But from the moment the stream was supposed to start, when it actually started, and when it ended, GameStop was hammered down massively and the trading was halted multiple times for no apparent reason. Fraud on display, right in front of everyone's face. (And he was acting like he didn't know how halts work)

Here's the genius part... All narratives about him manipulating the stock price are dead now. He is absolved of that completely. He got on there, said he loved the stock, showed his positions, and the price went down massively. No one can make a case out of that against him.

The thing with playing poker is if you can't spot the sucker at the poker table, it's probably you. He is definitely not the sucker here. He's just trying to make the hedge funds and MSM think that he is. And he can walk away from the table with all their money and they will be scratching their heads and wondering what the fuck just happened.

Also by baiting the hedge funds to lower the price he just gave if everyone an opportunity to purchase more at a fantastic price as well as lower the price on the options chain for others to pick up call options at a discount.

He can pull the $30+ million dollar at any time between now and the 21st. He has a gun to their heads.

Today was just positioning and getting more chips in the pot without needing to worry about the casino security kicking you out before showing his winning hand.

2
Datasinc 2 points ago +2 / -0

Not quite.

Here's the full info for stock haults:

Stock halts are triggered by several factors, primarily aimed at ensuring fair and orderly markets. These halts can be categorized into regulatory halts, volatility halts, and trading pauses:

1. Regulatory Halts

Regulatory halts occur when a regulatory authority, such as the Securities and Exchange Commission (SEC) or a stock exchange, pauses trading to address specific issues. These can include:

  • News Pending: When a company is about to release significant news that could impact its stock price, trading may be halted to allow investors to digest the information.
  • Order Imbalance: If there is a significant imbalance between buy and sell orders, a halt can be imposed to allow for an orderly market.
  • Corporate Actions: Events like mergers, acquisitions, or other significant corporate actions can trigger halts.

2. Volatility Halts

Volatility halts are designed to prevent extreme price movements and protect investors from sudden market swings. These are often governed by specific rules and thresholds:

  • Limit Up-Limit Down (LULD) Rule: This rule aims to prevent trades in individual securities from occurring outside specified price bands, which are set based on a reference price and adjusted continuously. If a stock's price moves too quickly outside these bands, a trading halt is triggered.
  • Circuit Breakers: These are mechanisms that apply to the broader market. If major indices like the S&P 500 or Dow Jones Industrial Average experience a dramatic decline, trading across the entire market can be halted temporarily. Circuit breakers are typically set at three levels:
    • Level 1: A 7% decline from the previous day's closing price halts trading for 15 minutes.
    • Level 2: A 13% decline triggers another 15-minute halt.
    • Level 3: A 20% decline stops trading for the remainder of the day.

3. Trading Pauses

Trading pauses can be imposed by exchanges to address extraordinary market conditions:

  • Single-Stock Circuit Breakers: If a stock experiences rapid price movement within a five-minute period, a trading pause may be initiated to provide time for market participants to assess the situation.
  • Exchange-Specific Rules: Different exchanges may have their own rules for halting trading under certain conditions, such as technical issues or significant order imbalances.

Examples and Implications

For instance, during the COVID-19 pandemic, multiple circuit breakers were triggered in March 2020 due to extreme market volatility. Similarly, individual stocks can face halts due to unexpected earnings announcements or significant corporate news, like a CEO's sudden resignation or a major acquisition.

2
Datasinc 2 points ago +2 / -0

Just buy a few shares of GME and hold em

Fidelity works for getting it done quick and easy.

HMU when you get that done and I can tech you how to DRS your shares to put them in your name.

2
Datasinc 2 points ago +2 / -0

No the CAT system being implemented and active as the 3 year LEAPS and SWAPS expiring with the new margin requirements now in place makes a MASSIVE difference.

When CAT was turned on to test starting premarket mother's Day we soon hit 80 2x and trading was halted over 16x in 48 hours before they turned it off.

T+1 is great but it's not the biggest thing.

16
Datasinc 16 points ago +16 / -0

I had ChatGPT analyze the document and explain the implied impacts on retail, particularly during MOASS.

Immediate Effects

  1. Halted Trading:

    • Suspension of New Orders: Retail investors would be unable to place new buy or sell orders. This suspension aims to prevent panic selling or buying, which could exacerbate market volatility.
    • Pending Orders: Any pending orders would be paused, and investors would need to wait until the market reopens for these transactions to be processed.
  2. Communication:

    • Timely Updates: Retail investors would receive timely updates regarding the market closure, expected duration, and criteria for reopening. Effective communication is crucial to manage expectations and reduce uncertainty.

Longer-Term Impacts

  1. Price Volatility:

    • Price Fluctuations: Upon reopening, retail investors might experience significant price volatility due to the pent-up demand and supply pressures. The resumption of trading could see sharp price movements as market participants react to the closure.
  2. Liquidity Concerns:

    • Liquidity Issues: Retail investors might face liquidity issues, especially those relying on immediate access to funds from selling securities. The unscheduled close could temporarily restrict their ability to liquidate assets.
  3. Emotional and Behavioral Effects:

    • Increased Anxiety: The uncertainty and inability to trade could increase anxiety and stress among retail investors. This might lead to emotional decision-making once trading resumes.

Mitigation Measures

  1. Risk Management:

    • Margin Calls and Risk Controls: For retail investors trading on margin, brokers may take necessary risk management actions, such as issuing margin calls or adjusting collateral requirements.
  2. Investor Support:

    • Customer Service and Support: Brokerage firms and financial institutions would need to enhance their customer service capabilities to handle a surge in inquiries and provide support to retail investors during the disruption.

Educational Initiatives

  1. Investor Education:
    • Guidance and Information: Providing retail investors with educational materials about the nature of market disruptions, the reasons behind unscheduled closures, and best practices for managing investments during volatile periods.

Conclusion

The unscheduled market close during a MOASS event would have profound effects on retail investors, primarily by restricting their trading capabilities and increasing market volatility upon reopening. The guidelines from the "Unscheduled Close" document ensure that the response is structured and communicated effectively to mitigate these impacts, aiming to maintain market stability and investor confidence.

1
Datasinc 1 point ago +1 / -0

Try using the WHOLE SENTENCE AS A QUOTE "Speculation based off of a lot of evidence:"

That's it. You're done.

2
Datasinc 2 points ago +2 / -0

Try using the WHOLE SENTENCE AS A QUOTE "Speculation based off of a lot of evidence:"

That's it. You're done.

Also where the FUCK did you get the STUPID idea that I didn't want people to invest?

I've been encouraging people to invest in GameStop for over 3 years.

Moron.

2
Datasinc 2 points ago +2 / -0

I didn't call you a shill.

I called you a retard because you lack basic reading skills apparently. Or maybe you're just intellectually dishonest.

But I can pretty confidently say you're a piece of shit at this point.

2
Datasinc 2 points ago +2 / -0

I said "speculation" based of of alot of evidence.

My SPECULATION was wrong. The entire community was pretty shocked that DFV had that much to drop on options. Fucking stoked he does.

If I was a shill I'd be saying don't buy GameStop.

Yo are you a retard?

Hahaha you're a retard.

(I can be an asshole for no apparent reason too. I don't know what your problem is but that shit was uncalled for. Do better)

41
Datasinc 41 points ago +41 / -0

Those faggots were too busy getting ready for pride month.

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