Notices by brokenshakles (brokenshakles@poa.st)
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@BarelyEagle @James_Dixon @TrevorGoodchild @capt_whitebeard @IAMAL_PHARIUS THAT'S WHAT STOP LOSSES ARE FOR (they don't work well with that kind of volatility).
Edit : As a side note, the #1 rule of shorting, is you don't short garbage.
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@IAMAL_PHARIUS @magicalthinking Blacks, he's talking about the blacks.
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@IAMAL_PHARIUS @Wartorn @TrevorGoodchild Rumor is there is a gold revaluation in the works, if that happens it will turn into a squeeze trade.
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@IAMAL_PHARIUS @Wartorn @TrevorGoodchild I'm buying silver and miners on margin, which is as exciting as I want to get in this environment.
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@TrevorGoodchild @IAMAL_PHARIUS Short?
When the USA has a national security interest in Number Go Up? When all of the big banks of have a life-or-death financial interest in Number Go Up? When the market is already horribly over-shorted due to hedge funds trying to make their Number Go Up?
Nah. I'm not interested in being exit liquidity with infinite downside.
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@Wartorn @IAMAL_PHARIUS @TrevorGoodchild P.S. : Warren Buffet bailed out on his entire BOA position, which he has previously held for decades.
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@IAMAL_PHARIUS @Xenophon @ceo_of_monoeye_dating When you say "indian", do you mean feather or dot?
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@SK1ZM @LordOfTheKangs @Hoss PSLV is fully allocated and backed by physical silver, and there have been zero withdraws in the past year. You need enough shares (about 30,000) to withdraw, and you have to pull in increments of 10,000 troy ounces. This is good enough for me for short to mid term holding for price exposure purposes.
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@SK1ZM @LordOfTheKangs @Hoss That's not usually a good sign, you want a company that's dialing in a vein, not expanding their search area (this means they are having trouble finding a rich enough deposit to mine).
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@Hoss @SK1ZM @LordOfTheKangs I'm in PSLV and VZLA and margined up to about 50% of my buy-in, so I'm in a similar position.
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@SK1ZM @LordOfTheKangs @Hoss Depends on your goals, I'm more interested in riding a squeeze and trading for more junior miner positions, so the ability to pivot is paramount for me, I'm not planning on HODLing all the way thru.
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@SK1ZM @LordOfTheKangs @Hoss A mining company that is not currently outputting metal but might/probably will, VZLA in this case is pulling ore of out the ground, but it's not clear how much their Panuco claim is worth, even if it's known that it's certainly worth something.
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@Hoss @SK1ZM @LordOfTheKangs There are no less than 20 heavily over-shorted/naked-shorted instruments in the market right now, if you want to play the squeeze game, I would go with one of those + a precious metal (silver is my favorite due to it's tiny market cap and high volatility) and see if you hit it big.
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@LordOfTheKangs @Hoss @SK1ZM Well, their backend was, I can't remember the name, but there is one company that's doing all of the PFOF trading for all the web brokers.
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@Hoss @SK1ZM It's like thinking that the HKD squeeze will repeat.
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@SK1ZM @Hoss Nothing wrong with being a squeeze player, but you have to understand how that game works, the shorts don't stay in locations that get hot, nor do they return to them. After all, there are 8,000+ tickers to play on the market, so no need to marry one.
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@SK1ZM @Hoss It's funny, they are so obsessed over a squeeze that's already played itself out that they don't see the potential of what's about to happen in all precious metal sectors, not just silver (though silver has the most potential of a short-term squeeze in the process given it's low relative market cap and high short interest).
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@IAMAL_PHARIUS Basado Trumpo.
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@DC5FAN @Jdogg247 I lost about 2k and my account is probably 1/20 the size of his.
No regrets.
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@white_male @SK1ZM @IAMAL_PHARIUS Someone is going to have to eat shit on this 36 trillion dollar debt that's been racked up. Might as well be the primary beneficiaries.
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brokenshakles
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