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[Copypasta]No name calling
I just had a conversation w a π that didnt resort to name calling... We just spoke our peace and wished ourselves good luck and now i dint know what to do with myself.
I think im going to go back and call him a bitch.
I just had a conversation w a π that didnt resort to name calling... We just spoke our peace and wished ourselves good luck and now i dint know what to do with myself.
I think im going to go back and call him a bitch.
(βΜΏΔΉΜ―ββ¬β΄β¬β΄ Psst... kid, you wanna disable adblock?
More WallStreetBets Copypastas
Drunk at Applebees
I donβt care if thereβs a microchip in the vaccine. Iβd let them put a whole MacBook Pro inside of me if it meant I could get drunk at Applebees again
I donβt care if thereβs a microchip in the vaccine. Iβd let them put a whole MacBook Pro inside of me if it meant I could get drunk at Applebees again
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
Team Bull vs Team Bear
Team Bull
Jerome "We print it digitally" Powell
Elon "TSLA stonk too low imo" Musk
Nancy "Stimulus talks going well" Pelosi
Donny "Stop the count" Mango
Janet "Unlimited QE bitch" Yellen
Lisa "Su Bae" Su
Ryan "Make Gamestop great again" Cohen
------------------------------------------------------------------------
VS
------------------------------------------------------------------------
Team Bear
Jeff "No stock split to keep the poors out" Bezos
Mitch "Stimulus talks not going well" Mcconnell
Steven "Discontinue the PPP" Mnuchin
Andrew "PlTr PrIcE tArGeT $10" Left
Tim "Don't call me by my slave name" Apple
Michael "I'm publicly shorting TSLA" Burry
Warren "I fought in the Civil War" Buffet
Which team will win?
Team Bull or Team Bear?
Load up on weeklies for a ticket to the pay per view hell in the cell match.
------------------------------------------------------------------------
Special Guests:
That one JPM analyst with TSLA 90p 12/18
Life savings SPCE calls guy
Jim "FUCK ROBINHOOD" Cramer
Team Bull
Jerome "We print it digitally" Powell
Elon "TSLA stonk too low imo" Musk
Nancy "Stimulus talks going well" Pelosi
Donny "Stop the count" Mango
Janet "Unlimited QE bitch" Yellen
Lisa "Su Bae" Su
Ryan "Make Gamestop great again" Cohen
------------------------------------------------------------------------
VS
------------------------------------------------------------------------
Team Bear
Jeff "No stock split to keep the poors out" Bezos
Mitch "Stimulus talks not going well" Mcconnell
Steven "Discontinue the PPP" Mnuchin
Andrew "PlTr PrIcE tArGeT $10" Left
Tim "Don't call me by my slave name" Apple
Michael "I'm publicly shorting TSLA" Burry
Warren "I fought in the Civil War" Buffet
Which team will win?
Team Bull or Team Bear?
Load up on weeklies for a ticket to the pay per view hell in the cell match.
------------------------------------------------------------------------
Special Guests:
That one JPM analyst with TSLA 90p 12/18
Life savings SPCE calls guy
Jim "FUCK ROBINHOOD" Cramer
I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.