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Everything posted by Forestluv
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It's a really bad look for hedge funds and the big players. It's revealed their corruption. They are willing to steal money from the little guy, yet are unwilling to allow the little guy to steal from them using the same game. Even traditional republicans believe that if hedge funds take risks, they should be exposed to both profits and losses. My hunch is that the big players are still holding some shorts and are underwater. They may want to limit their weak position and delay so they can get some type of special treatment for their short options and bailed out on losses. Yet the strong position for the little guy was back when GME was under $20. There may still be some opportunities to profit, yet at $200+ per share it's a very different scenario and is now much riskier for the little guy. You need to get in early for this type of thing.
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These are manipulated prices. To go higher would mean even more short sellers cover or new people come in and buy an overpriced stock (relative to a shitty GameStop company that will go bankrupt). The price has increased by something like 10,000% which suggests a lot of short sellers have already covered. If there are still a lot of short sellers left, I'd be cool with leaving it open and continuing the short squeeze. Yet then who is left holding the bag of $700 / share GME when GameStop continues to degrade into bankruptcy? When GME goes BK, the share price goes to zero. The bigger Shorts have the finances to hold out, yet there were a lot of shorts that got wiped out and had to sell before going bankrupt. If my memory serves correct, shorts are forced to cover if they don't have the money to cover the losses in their account. Yet that may just be for small day traders. There may be exceptions for bigger players.
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Who is protected depends on the timing. If GME buying was halted last month, that would have protected the hedge fund managers. Yet if GME buying is halted now, it protects regular people from buying over-priced shares after a short squeeze. It looks like the short-squeeze is over. Regular people getting in now would get screwed over by hedgefunds and day traders that are now selling and shorting the bubble.
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Temporarily preventing people from buying GME stock at the peak is actually a good thing because it protects them from getting screwed. The short-squeeze is mostly over. The hedgefunds have already been screwed as they covered during the rising share price. The party is over. Anyone buying GME stock now will likely take huge losses. The bigger questions for me is if hedgefunds will try to do this earlier, before a group of day traders force a short squeeze. As well, will hedge funds get bailed out for their losses. Will day traders who made a 500k+ be forced to surrender some of their profits?
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The majority of people can relate to one aspect of small time daytraders, that they are not wealthy. Yet the majority of people cannot relate to the mentality of daytraders. Daytraders want to profit and they are happy to profit off of corrupt hedge fund managers or regular naïve people. When they saw hedgefund managers over-shorted, they collectively created a short-squeeze and profited. That may sound fine, yet the story doesn't end there. Now that the news has gone mainstream, naiive regular people are now buying GameStop in hopes of earning some money. The same day traders that burned the hedge fund managers have now joined hedgefund managers to burn regular people buying GameStop. Daytraders don't care who they take their money from. It's digits and graphs on a computer. They are detached from the human aspect of who they are taking the money from.
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I'm sure there were some regular people in need that got lucky, got in early and made some good money. Yet for every one of those people, there will be 5 regular people that got in late and get screwed. There are people in need that invested yesterday in hope of making some money to survive. They invested the little money they have and are now getting screwed as the price crashes. The guy you knew may have walked away with his profits. Yet those in the game (both hedge fund managers and small time game traders) are selling and shorting to those that came late to the party and stealing their money.
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Mineral drops are inexpensive and can remineralize water that has been filtered to zero TDS. Similar to how an RO system remineralizes.
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I see the billionaires as having more power. The people buying stock have much less power (as individuals), yet I'm not sure I would call them "common people". It's not like a poor community came together and said "Look, GameStop is over-leveraged. Let's create a short squeeze and use our profits for basic income and social services in our community". Rather, many of those "common people" are day trading gamblers. I'm in support of regulating and taxing speculative stock manipulations and using that money for social programs. Yet this is redistributing money from corrupt hedge fund managers to small time day traders. @SOUL The people that profited off this are small time day traders that collectively had an effect. They aren't "regular" people that have jobs like teaching, nursing, driving a bus etc. The "regular" people that saw this on the news and are now buying GameStop are getting screwed - by both hedge funds AND the day traders that burned the hedge funds. The small time day traders started selling and shorting at the peak when regular mom and pop people entered. They are now stealing money from their fellow citizens.
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And hedgefunds created and sold virtual GameSpot shares assuming they could cover later when GameSpot fails. That is extremely manipulative and I have no sympathy for them getting burned. Yet unfortunately, day traders that got in early will profit and more regular people entering now in the bubble will get burned as hedge funds and day traders are shorting again. I'd rather see some type of government regulation that taxes the manipulation and uses that revenue at the public level - such as education and health care.
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Keep in mind that GameStop was artificially suppressed by hedge funds massively shorting the stock down to about $10. So the true value is probably more like $100. Much of the skyrocketing price increase is due to short covering. It's like hedge funds pushed a beach ball under water and reddit knocked it out of their grip. The ball will return to the surface, overshoot into the air and then return to the surface. Then it could go back underwater as their is selling panic and speculative shorts entering. Without the massive leverage, the beach ball would be rising and descending with the waves. It wouldn't be getting pushed underwater and rocketed into the air. I have no sympathy for the hedge funds and this is a form of wealth re-distribution. Yet rather having the wealth distributed to day traders, I'd prefer the government create a stock selling tax and use the revenue to fund things like M4A.
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Forestluv replied to Tim R's topic in Spirituality, Consciousness, Awakening, Mysticism, Meditation, God
Once the mind starts contextualizing as “either insight or illusion”, I no longer consider it direct experience. Direct experience is prior to contextualizations (although the contextualization itself is direct experience, yet not that which is being contextualized). Yet, making discernments about insight and illusion has practical value. However, the term “direct experience” can be given all sorts of meanings. -
@BlackMaze To check eater quality, you can get a TDS sensor for about 10€. Zero filters are excellent at filtering. They have five stage filtration compared to Bita’s two stage. Yet the filters are more expensive and if your tap water has a lot of dissolve solutes, you may go through a lot of filters. I first filter through an inexpensive Brita filter which reduces by about 40%. I then pour that water through the zero filter, which filters it pure.. This extends the life of the more expensive zero filters.
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Forestluv replied to North Sea's topic in Society, Politics, Government, Environment, Current Events
They set on fire a covid testing center. I can see protesting a curfew, yet burning down a covid testing center is crazy behavior. -
There is also the problem with the two party system. In general elections, Green is usually given a choice between a level 8 fascist domestic / foreign monster or a level 5 neoliberal domestic / level 7 foreign monster. Some of the keys to breaking the lesser of two evils trap is campaign finance reform, ranked choice voting and primaries. Yet the vast majority of politicians and corporate oppose this because it would disempower them.
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If humans go extinct, there won’t be any individual humans. Not only is an individual human life finite, the entire human species is finite. This is by conventional definitions. We could also play around with the definitions of what counts as “human’”, “life” and “forever”.
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It’s unlikely humans will exist forever. In 5 billion years, humans will probably be extinct and very different life forms will be present.
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In the original spirit of the thread, lets not saturate it with fake faces and jokes.
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I don't have any problem getting dates, yet I'm super picky and don't date much. I have strong interests in spiritual things. I usually end up staying home and doing things like Breathwork and Yoga. Few women can beat those gasms. I was imagining what it is like for other guys.
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Would you say when seeking online that the highest priority is to get an in-person meeting? That would reduce the competition somewhat. She would have 100 other guys in the back of her mind from online, yet she has probably only met a handful of guys. At that level, you are only competing with a few guys.
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Most people are conditioned to always be doing something. Their mindspace is in the past and future. To get a sense of being, just sit and appreciate. Perhaps go in nature and just be with nature. Most people go on vacations to escape all the doing of their hectic, stressful life. Then they find themselves at some beach town doing a bunch of stuff. A whole schedule of stuff to do. Few are happy just sitting on the deck appreciating the ocean, just being.
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This isn't really a discussion thread. Leo will see it before it scrolls off the first page.
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Forestluv replied to Mike21's topic in Spirituality, Consciousness, Awakening, Mysticism, Meditation, God
An objective, normalized construct is a structural limitation. The construct may provide grounding and have truth and practical value in some contexts, yet it is limited within that construct. . . A map of Germany has value in some contexts. Yet contraction within, and adherence to, that map will restrict awareness, knowing and understanding of more expansive Europe. -
Also voter intimidation. Last election there were Robocalls in Detroit saying there would be background checks on voters.
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Forestluv replied to How to be wise's topic in Society, Politics, Government, Environment, Current Events
I think racism is complex and nuanced. There are many ways to view and experience it. If by "reverse racism" one is referring to bidirectional racism, I would say yes it exists. I would push it further and say it is multi-directional. I think the movie "Crash" did a good job at showing some complexities of various forms of discrimination and separation as well as unity. These complexities can exist within a population as well as an individual. As an example, today I divided students into different biology lab sections. I didn’t want to put all the men in one section, all the students of color in one section and all the white students in one section. I want there to be a mix in each section. I suppose I could have found a program to randomize the students, yet it could still be unbalanced, especially with small sections. So I divided students up based on gender and race so there was a good mix. I suppose this is technically racism, since race was a factor - yet the intention was to create a mixed group which is better dynamics. -
Forestluv replied to r0ckyreed's topic in Society, Politics, Government, Environment, Current Events
Of course any “thing” needs a “not that thing” for contrast. If everything was blue, blue ceases to exist. Yet you are also creating relative constructs about relative constructs. Ultimately, it all deconstructs to Nothing.