The Official Stock Market Thread - Page 168

jcardstore · 11-09-2022, 02:54 PM

Quote:

Originally Posted by Giroux

True, just huge platforms going under and causing chaos in the market

I think this was an orchestrated attack on FTX. Just like Luna, someone knew there wasn't sufficient liquidity and took advantage of it.

Conspiracy but I think that someone was binance and now they're going to buy them out for pennies.

Blazed · 11-09-2022, 03:06 PM

..............

Giroux · 11-09-2022, 03:16 PM

Quote:

Originally Posted by jcardstore

I think this was an orchestrated attack on FTX. Just like Luna, someone knew there wasn't sufficient liquidity and took advantage of it.

Conspiracy but I think that someone was binance and now they're going to buy them out for pennies.

They didn't have the assets to pay out customers. They were tied up in illiquid coins, most of it being their own token. It was a house of cards.

Even if Binance helped kick off the downfall, it falls of FTX for having customer funds invested in random speculative #@#@#@#@.

SBF had enough money to donate $40m to political candidates and the company bought the Heat's arena naming rights, among other big advertising spends. These guys are morons and/or crooks.

He also was pushing heavily for regulation, I guess he was right in the end

KhalDrogo · 11-09-2022, 03:28 PM

Quote:

Originally Posted by jcardstore

I think this was an orchestrated attack on FTX. Just like Luna, someone knew there wasn't sufficient liquidity and took advantage of it.

Conspiracy but I think that someone was binance and now they're going to buy them out for pennies.

Irrelevant. The company was backed by a token they made themselves, and used that token for leverage. It was all a sham. I am certain that FTX and SBF were using their pretend assets as collateral for loans in USD. This is a contagion event for crypto.

KhalDrogo · 11-09-2022, 03:48 PM

Binance out of the deal. Nice manipulation by them to extend a temporary lifeline to all their friends to get out while there was still time.

FTT and FTX are going to zero. SBF is going to $0 and prison if there is any justice.

Blazed · 11-09-2022, 04:13 PM

..............

RogerGodahell · 11-09-2022, 04:28 PM

Patiently watching and waiting for Amazon to fall to $65.

swerve · 11-09-2022, 05:47 PM

Quote:

Originally Posted by RogerGodahell

Patiently watching and waiting for Amazon to fall to $65.

I would actually welcome this. I sold out some yesterday to do some tax loss harvesting for the year.... so, the 30 day clock starts.

ninjacookies · 11-09-2022, 06:40 PM

Quote:

Originally Posted by jcardstore

I think this was an orchestrated attack on FTX. Just like Luna, someone knew there wasn't sufficient liquidity and took advantage of it.

Conspiracy but I think that someone was binance and now they're going to buy them out for pennies.

Bankman-Fried was just another dunce in a line of defunct crypto CEO millennials with absolutely zero business acumen thrust into a landscape filled with low barriers-to-entry and no questions asked investors. He's gone on record numerous times stating FTX has and will continue to dip into high risk business acquisition deals with not even the slightest bit of concern, while also stating none of those 8 figure deals will ever dip into the investor bank. And not a single balance sheet was seen that day. Fk'n lol.

The magical internet funny munny originally designed to be decentralized and completely sovereign now spearheaded by investerbois clamoring for gubment regulations and MuH PeAce Of MiNd protections.

I mean, I'm a trader/believer but...

salthill · 11-09-2022, 06:44 PM

Quote:

Originally Posted by ninjacookies

Bankman-Fried was just another dunce in a line of defunct crypto CEO millennials with absolutely zero business acumen[…]

Don’t let him off so easy. He’s a scammer, a fraudster, and a thief.

ninjacookies · 11-09-2022, 06:51 PM

Quote:

Originally Posted by salthill

Don’t let him off so easy. He’s a scammer, a fraudster, and a thief.

They all evolved as incel basement programmers. I'd like to think the corruption stemmed from the overwhelming influx of new (first ever) Tinder/Grindr dm's.

That monetary attention hit different.

Brobocop · 11-09-2022, 07:34 PM

You don't want any regulation or oversight, this is what no regulation and no oversight looks like.

pcptrade · 11-09-2022, 08:48 PM

How much did Brady and Gisele lose in FTX bankruptcy?

Back then...

https://thesportsrush.com/nfl-news-t...ryptocurrency/

Right now...

https://www.coindesk.com/business/20...ic-investment/

Giroux · 11-09-2022, 08:57 PM

Quote:

Originally Posted by pcptrade

How much did Brady and Gisele lose in FTX bankruptcy?

Back then...

https://thesportsrush.com/nfl-news-t...ryptocurrency/

Right now...

https://www.coindesk.com/business/20...ic-investment/

From what I can tell they only appeared in promotional stuff in exchange for equity.

First article is a click bait headline.

ninjacookies · 11-09-2022, 09:09 PM

Quote:

Originally Posted by pcptrade

How much did Brady and Gisele lose in FTX bankruptcy?

Back then...

https://thesportsrush.com/nfl-news-t...ryptocurrency/

Right now...

https://www.coindesk.com/business/20...ic-investment/

FauxMO news to trap the monkey avatar kiddos. It's hilarious people actually fall for it. National Enquirer level type stuff. He just got a bunch of fiat and equity shares for doing a few measly 30 second commercials. I'm sure he's hurting with his failed free IOU's.

jcardstore · 11-10-2022, 07:55 AM

Quote:

Originally Posted by ninjacookies

Bankman-Fried was just another dunce in a line of defunct crypto CEO millennials with absolutely zero business acumen thrust into a landscape filled with low barriers-to-entry and no questions asked investors. He's gone on record numerous times stating FTX has and will continue to dip into high risk business acquisition deals with not even the slightest bit of concern, while also stating none of those 8 figure deals will ever dip into the investor bank. And not a single balance sheet was seen that day. Fk'n lol.

The magical internet funny munny originally designed to be decentralized and completely sovereign now spearheaded by investerbois clamoring for gubment regulations and MuH PeAce Of MiNd protections.

I mean, I'm a trader/believer but...

It's crazy to be a multi billion dollar exchange didn't even have a CFO... like wtf?

Turns out SBF had no clue how to actually run a sustainable business lol

Giroux · 11-10-2022, 09:45 AM

SBF is sorry, he messed up

https://mobile.twitter.com/SBF_FTX/s...09166515310593

NYBBFAN · 11-10-2022, 10:04 AM

Quote:

Originally Posted by NYBBFAN

Entering NET Jan 2024 40 C.

I hope everyone was on the correct side of CPI today. SPX calls paid off. Still holding NET.

pcptrade · 11-10-2022, 10:17 AM

Quote:

Originally Posted by pcptrade

My thoughts on META: First support at 85-87 followed by 75. Few possible scenarios-

1. Oversold rally to 98-100 before it drops to 75 area coinciding with the market bottom and then a rally from 75 area to 120-125 and possibly 150

2. Finds a bottom at 85-87 followed by a rally to 120-125 and possibly 150 followed by a drop to 75

Nice risk to reward to go long here imo for a short term trade if one can average down to 75 in scenario 1. The above is based on a high of 385 and low of 75-85 and a 23% fib retracement rally. I am playing with the house money on LEAP options with exit targets of 98-100 and 120-125. Added LEAP call spread (Jan 2025, 50/150 call spread) at 38.50 yesterday.

Left some profits on the table. Should have held on to my LEAP call spreads a little longer. Could have, should have, would have....

finfangfan · 11-10-2022, 10:25 AM

Wow… everything is deep green today!

Blazed · 11-10-2022, 11:02 AM

..............

Fenway55 · 11-10-2022, 11:09 AM

Quote:

Originally Posted by pcptrade

How much did Brady and Gisele lose in FTX bankruptcy?

Back then...

https://thesportsrush.com/nfl-news-t...ryptocurrency/

Right now...

https://www.coindesk.com/business/20...ic-investment/

Yes I am sure the 2 of them put $650 million in a ridiculously risky investment all while going through the early stages of a divorce.... because that's what people getting divorced do....

pcptrade · 11-10-2022, 11:20 AM

Quote:

Originally Posted by Giroux

From what I can tell they only appeared in promotional stuff in exchange for equity.

First article is a click bait headline.

Quote:

Originally Posted by Fenway55

Yes I am sure the 2 of them put $650 million in a ridiculously risky investment all while going through the early stages of a divorce.... because that's what people getting divorced do....

I know they did not put 650 million and I do not think that is what the article eludes to other than a clickbait headline, hence my question "How much did they lose?" Does anyone know the specifics of the investment other than the speculation that they were given a stake in exchange for endorsing the company. Some rich people do stupid things. Remember Adolf Merckle, the German billionaire who lost his fortune by shorting Volkswagen stock and ended up committing suicide. Curious to know if Brady invested his own money in FTX.

JeremyNick · 11-10-2022, 11:28 AM

Quote:

Originally Posted by ninjacookies

FauxMO news to trap the monkey avatar kiddos. It's hilarious people actually fall for it. National Enquirer level type stuff. He just got a bunch of fiat and equity shares for doing a few measly 30 second commercials. I'm sure he's hurting with his failed free IOU's.

Smart money/brains know to stay away from anything Brady is hocking.

NYBBFAN · 11-10-2022, 12:04 PM

I doubt umpires will still be wearing those stupid FTX patches next season.

11-09-2022, 03:06 PM	#4177
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,123 Blazed Blazed	.............. Last edited by Blazed; 03-30-2023 at 01:51 PM.

11-09-2022, 03:48 PM	#4180
KhalDrogo Member Join Date: Aug 2017 Posts: 41,092	Binance out of the deal. Nice manipulation by them to extend a temporary lifeline to all their friends to get out while there was still time. FTT and FTX are going to zero. SBF is going to $0 and prison if there is any justice. __________________ I love PSA!

11-09-2022, 04:13 PM	#4181
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,123 Blazed Blazed	.............. Last edited by Blazed; 03-30-2023 at 01:51 PM.

11-09-2022, 08:48 PM	#4188
pcptrade Member Join Date: Jun 2018 Posts: 7,630	How much did Brady and Gisele lose in FTX bankruptcy? Back then... https://thesportsrush.com/nfl-news-t...ryptocurrency/ Right now... https://www.coindesk.com/business/20...ic-investment/ __________________ Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums Last edited by pcptrade; 11-09-2022 at 08:53 PM.

11-10-2022, 11:02 AM	#4196
Blazed Member Join Date: Dec 2011 Location: Houston, TX Posts: 3,123 Blazed Blazed	.............. Last edited by Blazed; 03-30-2023 at 01:51 PM.

11-09-2022, 04:28 PM	#4182
RogerGodahell Banned Join Date: Jun 2015 Location: Cardboard Enthusiast Posts: 20,783 RogerGodahell	Patiently watching and waiting for Amazon to fall to $65.

11-09-2022, 07:34 PM	#4187
Brobocop Member Join Date: May 2011 Location: Cleveland, OH Posts: 13,639 brobocop2	You don't want any regulation or oversight, this is what no regulation and no oversight looks like.

11-10-2022, 09:45 AM	#4192
Giroux Member Join Date: Feb 2021 Location: USA Posts: 4,888 cardsgoingup	SBF is sorry, he messed up https://mobile.twitter.com/SBF_FTX/s...09166515310593

11-10-2022, 10:25 AM	#4195
finfangfan Member Join Date: Oct 2013 Posts: 10,875	Wow… everything is deep green today!

11-10-2022, 12:04 PM	#4200
NYBBFAN Member Join Date: Apr 2019 Posts: 4,845	I doubt umpires will still be wearing those stupid FTX patches next season. __________________ https://gallery.us175.com/ https://inv.us175.com/wantlist