" The Defendants sometimes discussed their scheme over Discord voice chats that they believed were private, but were being recorded. For example, on March 1, 2021, Knight and Cooperman (along with others) discussed the group’s manipulation of the securities of GTT Communications, Inc., which at the time traded on the New York Stock Exchange (“NYSE”) under the ticker GTT. The following is a portion of the conversation:Knight: Get caught? . . . We’re robbing f*cking idiots of their money. . .Cooperman: It’s so funny because I can see the . . . . I can like see the timeline of these. Like I get it [the ticker], I send it to Dan [Knight]. I know Dan’s on voice. Dan tells you guys. I see it go up more. Then I send it to Gary [Deel] and I see it go up like way more [laughter] . . . . My other thing is too, is like alright, if we lose on one of these, we’ve won on like a hundred so . . . We gotta remember with these Ultra [Rybarcyzk] ones, they all do the same thing. It like spikes, comes down for a second—Knight: Then the scalpers get out, like Gary [Deel] gets out, then—Cooperman: And then it goes f*cking bukoo, but no, that’s not only it. Like what he [Rybarcyzk] does is he alerts it, and then like five minutes later, all his little minions start like retweeting it and saying added with him, so it like builds the hype back up. It happens every single time. They have their shit down to a f*cking science, it’s crazy."
In another surreptitiously recorded Discord call, on February 24, 2021, involving Knight, Cooperman, and others, Knight acknowledged that he understood the Primary Defendants were engaging in market manipulation, and explained why he posted fewer recommendations on Twitter and Atlas than the Primary Defendants:“[The less] I mention a stock, the less likely I get involved whenever all of Atlas gets a class action f*cking lawsuit . . . I’m playing this extremely smart, for the very long term. If you don’t think all these f*ckers go to jail or at least get sued, you are crazy. . . playing stupid does not work in court. . . it’s market manipulation. . . . I mean you look up the definition of market manipulation . . .”
BBBY flat out said they are probably going bankrupt and the stock went up 300% in the next week. The debt is trading for 10 cents on the dollar. Can't wait for these idiots to get left holding the bag when they enter bankruptcy. That goes for Carvana too which is toast.
I would suggest just reading but... "The APEs closed on Friday at $2.40 per APE; the common stock closed at $5.24. When the APEs convert into common, those prices will converge. It’s not entirely clear if the final price should be closer to $2.40 or $5.24, but it’s plausible that it would be somewhere in the middle, meaning that voting for the conversion would reduce the value of the common stock. If you are a common shareholder, converting all the APEs into common stock definitely is dilutive, and you might not like it. You might vote against authorizing new shares. That doesn’t matter very much: The APEs have a majority of the voting power and are very incentivized to vote for their own conversion. But you might be mad."
https://finance.yahoo.com/news/redd...duVYhQru7iMaqUHWnxAuL0i6Z7ZmtmFhgdgkzg7EJ8loc Things are going well in WSB these days
Did that article just blend an ad for an art website into the article? The story isn't just a warning about the volatility of options trading, it also brings attention to the value of more stable, long-term investments. For example, platforms like Masterworks allow everyday people to invest in fine art, which is often seen as a more steady and less risky asset compared to the stock market. Investing in art through such platforms can offer a safer alternative to high-stakes, high-risk financial activities. Masterworks makes this more accessible by fractionalizing ownership of individual art pieces, allowing people to buy shares of high-value artworks. This way, even those without extensive financial resources can diversify their portfolio and benefit from the more stable returns that art can offer.
that's why I got out of risky naked calls and into smarter safe havens like pictures of bored apes smoking pipes
And I'm curious what time of loan he did. If they both owned it, both are on title, and neither can take out a mortgage without both signing. Maybe he did a hard money loan where he gave up his half? The Reddit user, referred to as OP (Original Poster) for privacy, and his brother inherited a house. Instead of holding onto the valuable asset, OP decided to take a $600,000 loan against the property without his brother's consent.
This article is nothing but ads. Masterworks has issues similar to other investments (may lose value) but combines that risk with a lack or liquidity
AMC at this point is at a split adjusted $0.80 and owned mostly by the former APE share class and they still have people shit posting on Twitter that the squeeze is coming any day now, Virtu and Citadel have massive exposure, and their holding will be rewarded