I predict that the S&P 500 will be well under 5,000 by September 30th

I SMELL MY OWN FARTS said:
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Truth Detector said:
I think you will be embarrassed. Sell off your stock holdings yet? :laugh:
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It is possible, maybe even probable, that I will lose quite a bit of money, but I have even more money, so I am not too worried. We are talking about stock options, not stock holdings. I am keeping the mutual funds that I indirectly own stock with(SWTSX and SWISX), and before I retire the plan is to only put more money in. When I retire the plan is to take out 4% or less, a year.

I do own various non publicly traded stock. I will be keeping those too, unless forced to sell through a buyout.
 
Walt said:
It is possible, maybe even probable, that I will lose quite a bit of money, but I have even more money, so I am not too worried. We are talking about stock options, not stock holdings. I am keeping the mutual funds that I indirectly own stock with(SWTSX and SWISX), and before I retire the plan is to only put more money in. When I retire the plan is to take out 4% or less, a year.

I do own various non publicly traded stock. I will be keeping those too, unless forced to sell through a buyout.
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You've already flashed your hand, Wally. You don't have much money, and you are practically BEGGING for the market to drop. You don't have any stocks. You just want to make Trump look bad.

It won't work, Wally.
 
Walt said:
It is possible, maybe even probable, that I will lose quite a bit of money, but I have even more money, so I am not too worried. We are talking about stock options, not stock holdings. I am keeping the mutual funds that I indirectly own stock with(SWTSX and SWISX), and before I retire the plan is to only put more money in. When I retire the plan is to take out 4% or less, a year.

I do own various non publicly traded stock. I will be keeping those too, unless forced to sell through a buyout.
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You don't own any stock, Wally. It's obvious you're pretending.
 
Walt said:
GameStop is a publicly traded stock. It used mark to market, which meant that the market set the price. It never stopped trading on the exchanges, so aside from nights, weekends, and holidays, it always had a market price.


The people who shorted GameStop lost billions because they could not set the price of GameStop.
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it was paused because some people were bidding it up when the exchange didn't;t like it.

it was corrupt.

you;re still lying.
 
Walt said:
First off, it was the opposite of insider trading. They did not have insider information, nor any knowledge that the public did not have about the value of the stock. In fact, because of the ignorance, they had less information than the general public had, which is why they took the wrong side in the trade.

For the most part the "smart money", like Plotkin, were not market makers. They took only one side of the trade, unlike a market maker who would be willing to take both sides. Calling them market makers is false, and more importantly misleading.

Trading of the stock was never suspended on the exchanges. Robinhood suspended buying long positions on GameStop, but you could easily use Schwab, TD Ameritrade, or a thousand other brokerages to trade on the exchange.

The best you could claim was that it was market manipulation. It is a bit of a stretch, but you could claim that "smart money" refusing to pay Robinhood to sell long positions manipulated the market.
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no.

its exactly insider trading.
 
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