Credit deflation and the reflation cycle to come (part 2)

[Craig]

1 hour ago, geordie_lurch said:

More evidence they might be on the ropes...

Nasdaq CEO Suggests Halt to Trading to Allow Investors to ‘Recalibrate Their Positions’ After GameStop Surge

Nasdaq CEO Adena Friedman suggested Wednesday that her exchange could halt trading activity for stocks, in the event they were targeted by internet users, to enable the exchange to investigate possible manipulation and allow investors to “recalibrate.”

She made the comment in a morning interview with CNBC’s Joe Kernen, speaking in reference to price surges inspired by Reddit users. Members of the website’s “WallStreetBets” forum caused stock prices to surge to obscene heights this week for companies including GameStop and AMC Theatres.

“I think that, in general, when we evaluate how we would manage through a situation where you see a significant run-up in a stock not based on news, not based on fundamentals — what we do is we do have technology that evaluates social media chatter. If we see a significant rise in the chatter on social media channels … we also match that up against unusual trading activity, [and] potentially halt that stock to allow ourselves to investigate the situation, to be able to engage with the company, and to give investors a chance to recalibrate their positions.”

https://www.mediaite.com/news/nasdaq-ceo-suggests-halt-to-trading-to-allow-big-investors-to-recalibrate-their-positions-to-combat-reddit-users/

Forgive my ignorance, but how can they 'recalibrate their positions' if trading is halted?!

[RickyBacker]

1 minute ago, leonardratso said:

true, silver is being mentioned more now on the reddit, maybe theyve forced them elsewhere, contagion.

I went out to the local coin shop and topped up another 100 Oz of physical. Gamestop' has become 'Game-on' . Fascinating.

[nirvana]

4 hours ago, ThoughtCriminal said:

Centrica? 🙈

they're up 2.5% and everything else is getting mullered....did you go in without us you Judas!? 

[nirvana]

8 minutes ago, Craig said:

Forgive my ignorance, but how can they 'recalibrate their positions' if trading is halted?!

she was talking complete shite, most women do it unfortunately.....

[jamtomorrow]

21 minutes ago, goldbug9999 said:

So what were looking at is a total inversion of fundamental stock valuations as everyone rushes out to buy the worst performing most shorted companies ?. ... And people keep telling me there no "logic" to bitcoin.

It's a sobering lesson in the true nature of markets. We're getting deeper into game theory territory now, trick is to work out the "level" of your game (if you're playing at all).

https://en.m.wikipedia.org/wiki/Keynesian_beauty_contest

See also: https://en.m.wikipedia.org/wiki/Guess_2/3_of_the_average

"The lowest, "Level 0" players, choose numbers randomly from the interval [0,100]. The next higher, "Level 1" players believe that all other players are Level 0. These Level 1 players therefore reason that the average of all numbers submitted should be around 50. If p=2/3, for instance, these Level 1 players choose, as their number, 2/3 of 50, or 33. Similarly, the next higher "Level 2" players in the 2/3-the average game believe that all other players are Level 1 players. These Level 2 players therefore reason that the average of all numbers submitted should be around 33, and so they choose, as their number, 2/3 of 33 or 22. Similarly, the next higher "Level 3" players play a best response to the play of Level 2 players and so on. The Nash equilibrium of this game, where all players choose the number 0, is thus associated with an infinite level of reasoning. Empirically, in a single play of the game, the typical finding is that most participants can be classified from their choice of numbers as members of the lowest Level types 0, 1, 2 or 3, in line with Keynes' observation."

[Democorruptcy]

3 minutes ago, 5min OCD speculator said:

they're up 2.5% and everything else is getting mullered....did you go in without us you Judas!? 

Own up somebody, who sent the begging private messge to a reddit leader

[Heart's Ease]

12 minutes ago, Craig said:

Forgive my ignorance, but how can they 'recalibrate their positions' if trading is halted?!

Recalbrate positions = remove ability to buy certain stocks

[nirvana]

KINNEL GOLD HAS JUST HAD A MASSIVE SPIKE UP 

AND SILVER

GO GO GO !!!!!!

[Craig]

1 minute ago, Heart's Ease said:

Recalbrate positions = remove ability to buy certain stocks

Only for certain parties, I'd imagine.

Little bit of 'out of hours' action for the hedge funds?

[geordie_lurch]

2 minutes ago, 5min OCD speculator said:

KINNEL GOLD HAS JUST HAD A MASSIVE SPIKE UP 

Not as much as silver at +2.54%

[JMD]

3 hours ago, Harley said:

So....

Damn, i failed it!!... but then i am colour blind (or am i?? - must get my excuses in early).

[ThoughtCriminal]

9 minutes ago, 5min OCD speculator said:

they're up 2.5% and everything else is getting mullered....did you go in without us you Judas!? 

He who dares rodders, he who dares........ 😂

 

I wouldn't have the balls, it's carnage out there 

[nirvana]

2 minutes ago, geordie_lurch said:

Not as much as silver at +2.54%

DAX is +300 since this morning's low lmfao!!! 

[JMD]

3 hours ago, geordie_lurch said:

GME is currently $498 pre market

I think this could suck a lot of liquidity out of things

Edge of seat stuff... if only 'our' (so called) BBC could make drama programs as good as this!

As an aside (well excuse for posting?!) - I read that the government have now withdrawn their idea - and so it will remain on the books that anyone caught without a TV license, will still be charged with a criminal - and imprisonable - offence. I wonder, is this anything to do with the 'wonderful propaganda job' the BBC are doing in regard to Corona?

[nirvana]

3 minutes ago, ThoughtCriminal said:

He who dares rodders, he who dares........ 😂

 

I wouldn't have the balls, it's carnage out there 

 

[geordie_lurch]

4 minutes ago, JMD said:

Edge of seat stuff... if only 'our' (so called) BBC could make drama programs as good as this!

Back down to $370 now premarket but TPTB have stopped people buying GME and others via Robinhood and other platforms which shows how rigged and potentially scared they are

[nirvana]

WTI is rocketing it's arse off as well, I think the FED have been called in to buy everything before all the plebs get on board 

AND FOREX TOO, THE FUCKERS ARE SELLING SHITTY USD TOO!

YURO AND £ TO THE MOON 

[Craig]

Think the recalibration has occurred:

[geordie_lurch]

I can't seem to get

9 minutes ago, Craig said:

Think the recalibration has occurred:

Looking at over $400 still in some places... will be interesting to see at 2:30pm our UK time

https://www.cnbc.com/quotes/GME

[Boon]

It was 310 on level 2 a few mins ago

Reckon there might be pants shitting on the open

[Craig]

5 minutes ago, geordie_lurch said:

I can't seem to get

Looking at over $400 still in some places... will be interesting to see at 2:30pm our UK time

https://www.cnbc.com/quotes/GME

Yeah, it's ping-ponging all over the place. 2.30pm should be interesting!

[DoINeedOne]

1 hour ago, ThoughtCriminal said:

Anyone who thinks there's a free market is insane. Or is about to arse rape you. 

 

 

He kinda has a point, that i didn't really think off when i saw your post, also this is the fucked up thing like in march when people where trying to buy or sell but couldn't 

 

High prices or low prices are great if you can actually access it

[Bricks & Mortar]

2 minutes ago, DoINeedOne said:

 

 

He kinda has a point, that i didn't really think off when i saw your post, also this is the fucked up thing like in march when people where trying to buy or sell but couldn't 

 

High prices or low prices are great if you can actually access it

They named their platform to suggest exactly the sort of activity they're shutting down and having none of.   Surely not good for company reputation.

[DoINeedOne]

1 minute ago, Bricks & Mortar said:

They named their platform to suggest exactly the sort of activity they're shutting down and having none of.   Surely not good for company reputation.

Apparently people are allowed to sell just can't buy, but again if everyone now rushes to sell and Robinhood can't handle it 

Not everyone will get out with a happy ending

 

[ThoughtCriminal]

😂😂😂