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masser 2021-01-27 18:26

[QUOTE=bsquared;570273]Sounds about right. Browse through r/WSB right now and you'll see a lot of hate directed toward "the man". Some seem less interested in making money than they are in taking down the establishment.[/QUOTE]

If you have the money to burn by attacking investors in short positions, you are "the man."
Or a fool being duped by some incarnation of "the man."

Xyzzy 2021-02-01 02:24

[URL]https://arstechnica.com/gadgets/2021/01/hedge-fund-melvin-sustains-53-loss-after-reddit-onslaught/[/URL]

Edit: "Thoughts and prayers!" :rofl:

Dr Sardonicus 2021-02-03 02:12

[QUOTE=masser;570279]If you have the money to burn by attacking investors in short positions, you are "the man."
Or a fool being duped by some incarnation of "the man."[/QUOTE]I'd say the WSB folks who bought in late are, or will be, out most of what they invested.

Gamestop (GME)

[Date, open, high, low, close]

Jan 28 2021, 265.00, 483.00, 112.25, 193.60]

Jan 29 2021, 379.71, 413.98, 250.00, 325.00

Feb 01 2021, 316.56, 322.00, 212.00, 225.00

Feb 02 2021, 140.76, 158.00, 74.22, 90.00

Dr Sardonicus 2021-02-05 00:25

Gamestop (GME) update [date, open, high, low, close]

Feb 03 2021, 112.01, 113.40, 85.25, 92.41

Feb 04 2021, 91.19, 91.50, 53.33, 53.50

Uncwilly 2021-02-05 00:51

Should have shorted it on the 29th.

Dr Sardonicus 2021-03-06 13:05

[url=https://apnews.com/article/john-mcafee-social-media-indictments-money-laundering-arrests-eb5ed1605f98693099fe8e3c70fb5405]Antivirus software creator charged with cheating investors[/url][quote]NEW YORK (AP) — Antivirus software entrepreneur John McAfee was indicted on fraud and money laundering conspiracy charges alleging that he and cohorts made over $13 million by fooling investors zealous over the emerging cryptocurrency market, authorities said Friday.

McAfee, 75, was charged in a newly unsealed indictment in Manhattan federal court along with Jimmy Gale Watson Jr., who served as an executive adviser on what prosecutors described as McAfee's "so-called cryptocurrency team."[/quote]

Dr Sardonicus 2021-03-25 12:33

This didn't seem to fit in the "Ferries and passenger shipping" thread over in the Lounge. It will, however, have a major impact on shipping, and therefore the economy. How major depends on how long it takes to refloat the ship, assuming it can be done. If it becomes impossible (e.g. the ship breaks) the impact would be major indeed.

[url=https://apnews.com/article/egypt-coronavirus-pandemic-asia-suez-canal-africa-d8b6696716ab45794cba583ecf0e4001]Stuck ship in Egypt's Suez Canal imperils shipping worldwide[/url][quote]ISMAILIA, Egypt (AP) — A skyscraper-sized cargo ship wedged across Egypt's Suez Canal further imperiled global shipping Thursday as at least 150 other vessels needing to pass through the crucial waterway idled waiting for the obstruction to clear, authorities said.[/quote]

retina 2021-03-25 12:43

WP has a picture of that.

[url]https://en.wikipedia.org/wiki/File:Ever_Given_Suez_Canal_24_March_2021.jpg[/url]

Dr Sardonicus 2021-03-25 16:27

At [url]https://www.vesselfinder.com/?imo=9811000[/url] there's a map with the current position of the [i]Ever Given[/i].

You can zoom and move the map to get everything from just south of Suez to the Mediterranean just north of Port Said. The circles showing the positions of other ships make those areas, and the Great Bitter Lake, look like bubble baths.

xilman 2021-03-25 18:11

[QUOTE=Dr Sardonicus;574535]This didn't seem to fit in the "Ferries and passenger shipping" thread over in the Lounge. It will, however, have a major impact on shipping, and therefore the economy. How major depends on how long it takes to refloat the ship, assuming it can be done. If it becomes impossible (e.g. the ship breaks) the impact would be major indeed.

[url=https://apnews.com/article/egypt-coronavirus-pandemic-asia-suez-canal-africa-d8b6696716ab45794cba583ecf0e4001]Stuck ship in Egypt's Suez Canal imperils shipping worldwide[/url][/QUOTE]Time to dust off the record from Plowshare?

Uncwilly 2021-03-25 18:22

The Canal has an interesting past event of note: [url]https://99percentinvisible.org/episode/great-bitter-lake-association/[/url]
[url]https://en.wikipedia.org/wiki/Yellow_Fleet[/url]


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