GameStop hearing has begun here, I'll be intermittently live tweeting if anything interesting
But in general, if "talking about stocks" is illegal make the stock market illegal, which considering that it's not a source of capital for companies might not be a bad idea
Vlad Tenev filibusters, and Waters reclaims her time.
https://t.co/ArMxI1vOKo
CNBC is putting Reddit comments on screen lol pic.twitter.com/vaWxbF8XLX
— Josh Billinson (@jbillinson) February 18, 2021
https://t.co/Cmb1f8Z1rK
Vlad Tenev saying this was a "five sigma event" in explaining away RH's inadequate capital. pic.twitter.com/dnSoTQlj3S
— Robin Wigglesworth (@RobinWigg) February 18, 2021
You want a committee that can regulate Wall St, make it at least a few members' full-time job.
More from Trading
Tether Price Manipulation Thread:
Tether has been manipulating #Bitcoin's price upwards for years now by printing unlimited, and unbacked $USDT.
This thread will cover the controversial aspects surrounding Tether, and how it will eventually meet its demise.
1) Tether is a stable coin that was first launched in 2012.
According to the company, Tether is backed 1:1 with the U.S dollar, although this isn't actually the case.
Bitfinex, and Tether have refused to show audits of their reserves, which is held in offshore bank accounts.
2) In 2019, The United States District Court sued Bitfinex, Tether, and Poloniex for being involved in a massive price manipulation, and fraud scheme in the crypto markets.
In a court hearing, Tether's lawyer admitted the stable coin was only backed by 74% cash, and securities.
3) On Jan 15th 2021, iFinex is supposed to submit documents requested by NYAG's investigation.
These documents will be consequential to the case.
https://t.co/82UuLLLXWK
4) How the scam works:
Tether can print infinite amounts of (worthless) $USDT.
They then inject this into BTC, ETH, LTC, (and others) to cause prices to pump.
Notice how during the months they stopped printing Tether, the market moves sideways or drops significantly.
Tether has been manipulating #Bitcoin's price upwards for years now by printing unlimited, and unbacked $USDT.
This thread will cover the controversial aspects surrounding Tether, and how it will eventually meet its demise.
1) Tether is a stable coin that was first launched in 2012.
According to the company, Tether is backed 1:1 with the U.S dollar, although this isn't actually the case.
Bitfinex, and Tether have refused to show audits of their reserves, which is held in offshore bank accounts.
2) In 2019, The United States District Court sued Bitfinex, Tether, and Poloniex for being involved in a massive price manipulation, and fraud scheme in the crypto markets.
In a court hearing, Tether's lawyer admitted the stable coin was only backed by 74% cash, and securities.
3) On Jan 15th 2021, iFinex is supposed to submit documents requested by NYAG's investigation.
These documents will be consequential to the case.
https://t.co/82UuLLLXWK
4) How the scam works:
Tether can print infinite amounts of (worthless) $USDT.
They then inject this into BTC, ETH, LTC, (and others) to cause prices to pump.
Notice how during the months they stopped printing Tether, the market moves sideways or drops significantly.
A 🧵on the basics of block and bulk deals.
Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.
A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.
Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:
Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM
Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.
Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL
https://t.co/g9BbHiEag3
Block and bulk deals are large purchases of stocks by investment banks, mutual funds, hedge funds, pension funds, FIIs, and promoters. Tracking block and bulk deals can help give you a sense of what these large players are thinking.
A single transaction where shares more than Rs 10 crores or the number of shares traded are more than 5 lakh is considered a block deal.
Block deals are carried out in separate trading windows. This trading window operates in two shifts of 15 minutes each:
Morning trading window from 8:45 AM to 9:00 AM.
Afternoon trading window from 2:05 PM to 2:20 PM
Block deals happen in different windows to reduce volatility and sudden price movements. Given that they are traded in a separate window, they do not show up on the volume charts.
Brokers facilitating the transaction are required to inform the exchange. You can track bulk and block deals on NSE & BSE:
https://t.co/pwTyzWTnUL
https://t.co/g9BbHiEag3
You May Also Like
I just finished Eric Adler's The Battle of the Classics, and wanted to say something about Joel Christiansen's review linked below. I am not sure what motivates the review (I speculate a bit below), but it gives a very misleading impression of the book. 1/x
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
As someone\u2019s who\u2019s read the book, this review strikes me as tremendously unfair. It mostly faults Adler for not writing the book the reviewer wishes he had! https://t.co/pqpt5Ziivj
— Teresa M. Bejan (@tmbejan) January 12, 2021
The meat of the criticism is that the history Adler gives is insufficiently critical. Adler describes a few figures who had a great influence on how the modern US university was formed. It's certainly critical: it focuses on the social Darwinism of these figures. 2/x
Other insinuations and suggestions in the review seem wildly off the mark, distorted, or inappropriate-- for example, that the book is clickbaity (it is scholarly) or conservative (hardly) or connected to the events at the Capitol (give me a break). 3/x
The core question: in what sense is classics inherently racist? Classics is old. On Adler's account, it begins in ancient Rome and is revived in the Renaissance. Slavery (Christiansen's primary concern) is also very old. Let's say classics is an education for slaveowners. 4/x
It's worth remembering that literacy itself is elite throughout most of this history. Literacy is, then, also the education of slaveowners. We can honor oral and musical traditions without denying that literacy is, generally, good. 5/x
On the occasion of youtube 20k and Twitter 70k members
A small tribute/gift to members
Screeners
technical screeners - intraday and positional both
before proceeding - i have helped you , can i ask you so that it can help someone else too
thank you
positional one
run - find #stock - draw chart - find levels
1- Stocks closing daily 2% up from 5 days
https://t.co/gTZrYY3Nht
2- Weekly breakout
https://t.co/1f4ahEolYB
3- Breakouts in short term
https://t.co/BI4h0CdgO2
4- Bullish from last 5
intraday screeners
5- 15 minute Stock Breakouts
https://t.co/9eAo82iuNv
6- Intraday Buying seen in the past 15 minutes
https://t.co/XqAJKhLB5G
7- Stocks trading near day's high on 5 min chart with volume BO intraday
https://t.co/flHmm6QXmo
Thank you
A small tribute/gift to members
Screeners
technical screeners - intraday and positional both
before proceeding - i have helped you , can i ask you so that it can help someone else too
thank you
positional one
run - find #stock - draw chart - find levels
1- Stocks closing daily 2% up from 5 days
https://t.co/gTZrYY3Nht
2- Weekly breakout
https://t.co/1f4ahEolYB
3- Breakouts in short term
https://t.co/BI4h0CdgO2
4- Bullish from last 5
intraday screeners
5- 15 minute Stock Breakouts
https://t.co/9eAo82iuNv
6- Intraday Buying seen in the past 15 minutes
https://t.co/XqAJKhLB5G
7- Stocks trading near day's high on 5 min chart with volume BO intraday
https://t.co/flHmm6QXmo
Thank you