Good news everyone!
تم تحديثه
Robinhood investors are back! More than 200,000 holders now ^^
More souls to harvest.
This reminds me of videos on youtube "Bronze 5 fails" where they make fun of the bottom 10-20% of players (game is league of legends), and they get millions of views. Players are absolutely awful and it is hilarous to watch.
200k holders... 10 million robinhood users... Bottom 2%?
I don't know if those awful investors are the bottom 20% or 80%, sometimes seems like the later but I think alot of people just stay away from stocks anyway.
"Young investors rush into struggling oil ETF that isn’t even tracking the price of oil anymore"
cnbc.com/2020/04/23/young-investors-rush-into-struggling-oil-etf-that-isnt-even-tracking-the-price-of-oil-anymore.html
"“A low price handle is always a retail trap,” Davi told CNBC in a phone interview." Haha you don't say.
Those wise cheap buy investors don't even know what they are buying.
CL1! is at $10 now, a worry might be that as USO rolls to the next month it turns negative.
They used to sell half 2 weeks before the last trading day and the other half at the end I think.
If Oil turns negative we cannot short it anymore, and good buy contango profit.
I don't know how big their impact on negative prices was, probably big looking at how big of a hit they took.
CME itself ordered them to limit their size, they're now 20% in June 40% in July 20% August 20% September, which I guess is something closer to what dumb money wants. So they win in a way. In another way they don't win because they'll lose everything.
chicagobusiness.com/finance-banking/us-oil-fund-says-cme-ordered-it-limit-futures-positions
If CME made them reduce their size... They must have had a part to play in -40... And the CME even saw it coming and warned of negative prices.
Professionals have made $300 millions betting against retail... And all I made was a few hundreds...
cnbc.com/2020/04/23/short-sellers-make-nearly-300-million-betting-against-retail-investors-favorite-oil-fund.html
Owners of the fund are making a 1-8 reverse split to stay attractive to ignorant retail investors.
prnewswire.com/news-releases/uscf-announces-one-for-eight-reverse-share-split-for-the-united-states-oil-fund-nyse-arca-uso-301045001.html
The tragedy of a fund dropped hard even when Oil bounced way up...
And guess what the 29 their price will gap way up and go to $17 wait they were aiming for Oil price? XDDD Already down to 10 bucks but I guess next months are up above 17.
Yum yum, I hope they grow. If they can keep selling the front month to buy the continuous next and hold 20% of open interest that would be great. Push 1! down, push 2! up. Come on bullbros we need strong support we can't let the bears win so keep buying at these cheap prices.
Only 2 years ago they were ridiculous opportunities when mainstreet got into altcoins, and already we have this, the difference is this scam looks like it will last a while.
Expecting more money to be poured into experienced traders pockets from retail in the future.
Not very skilled and even average investors are at high risk in those uncertain highly volatile times, sad, there is some really nearly free money to be made.
So as I was saying, bottom 20% players... Say we eliminate the bottom 5% that are disabled, this gives the bottom 25% - 5% ==> 75 to 90 IQ (with average 100) and 5% are below 75 which is disability. 20% of the pop is in the 75-90 range damn. 1/5 of voters. 10% 75-85 10% 85-90.
Not sure they should be allowed to invest. And maybe they're not the ones at all...? Kinda seems weird to imagine rocket scientists buying garbage like this.
I really don't feel sorry for them. They'll get their money back via government help that takes from the smart, and they behave like animals and are disrepectful and everything and commit so many crimes and they laugh at smart people like being smart is weird and risible.
Really interesting story. And I'm very positive about volatility, strong moves in 1 direction, contangos.
Also I wonder what happens when this ETF has to liquidate... Just go short !2? XD
On April 23, CME ordered the funds not to exceed 15,000 long futures contracts for June. For July 2020, the limit is 78,000 long futures contracts while for August it’s 50,000 and for September 35,000.
They say they have a total of 150k, if the limit in June is 15k that's 10% not 20... w/e.
Can't trust journies.
Not a huge contango here, well it's huge but I mean compared to 1! and 2!
I wonder when they are going to sell July. Should I call and pretend to be an investor 😁?
Oh I know how to convince them "I looked at the RSI and MACD and I noticed they were very oversold I also noted the price recovered congratulations"
May Robinhood holders go to 1 million! May Trump print billions to bailout US Oil producers!
🐂🐄🐮 => ⚙️grinder⚙️ => 🥩🥩🥩
Yummy!
More souls to harvest.
This reminds me of videos on youtube "Bronze 5 fails" where they make fun of the bottom 10-20% of players (game is league of legends), and they get millions of views. Players are absolutely awful and it is hilarous to watch.
200k holders... 10 million robinhood users... Bottom 2%?
I don't know if those awful investors are the bottom 20% or 80%, sometimes seems like the later but I think alot of people just stay away from stocks anyway.
"Young investors rush into struggling oil ETF that isn’t even tracking the price of oil anymore"
cnbc.com/2020/04/23/young-investors-rush-into-struggling-oil-etf-that-isnt-even-tracking-the-price-of-oil-anymore.html
"“A low price handle is always a retail trap,” Davi told CNBC in a phone interview." Haha you don't say.
Those wise cheap buy investors don't even know what they are buying.
CL1! is at $10 now, a worry might be that as USO rolls to the next month it turns negative.
They used to sell half 2 weeks before the last trading day and the other half at the end I think.
If Oil turns negative we cannot short it anymore, and good buy contango profit.
I don't know how big their impact on negative prices was, probably big looking at how big of a hit they took.
CME itself ordered them to limit their size, they're now 20% in June 40% in July 20% August 20% September, which I guess is something closer to what dumb money wants. So they win in a way. In another way they don't win because they'll lose everything.
chicagobusiness.com/finance-banking/us-oil-fund-says-cme-ordered-it-limit-futures-positions
If CME made them reduce their size... They must have had a part to play in -40... And the CME even saw it coming and warned of negative prices.
Professionals have made $300 millions betting against retail... And all I made was a few hundreds...
cnbc.com/2020/04/23/short-sellers-make-nearly-300-million-betting-against-retail-investors-favorite-oil-fund.html
Owners of the fund are making a 1-8 reverse split to stay attractive to ignorant retail investors.
prnewswire.com/news-releases/uscf-announces-one-for-eight-reverse-share-split-for-the-united-states-oil-fund-nyse-arca-uso-301045001.html
The tragedy of a fund dropped hard even when Oil bounced way up...
And guess what the 29 their price will gap way up and go to $17 wait they were aiming for Oil price? XDDD Already down to 10 bucks but I guess next months are up above 17.
Yum yum, I hope they grow. If they can keep selling the front month to buy the continuous next and hold 20% of open interest that would be great. Push 1! down, push 2! up. Come on bullbros we need strong support we can't let the bears win so keep buying at these cheap prices.
Only 2 years ago they were ridiculous opportunities when mainstreet got into altcoins, and already we have this, the difference is this scam looks like it will last a while.
Expecting more money to be poured into experienced traders pockets from retail in the future.
Not very skilled and even average investors are at high risk in those uncertain highly volatile times, sad, there is some really nearly free money to be made.
So as I was saying, bottom 20% players... Say we eliminate the bottom 5% that are disabled, this gives the bottom 25% - 5% ==> 75 to 90 IQ (with average 100) and 5% are below 75 which is disability. 20% of the pop is in the 75-90 range damn. 1/5 of voters. 10% 75-85 10% 85-90.
Not sure they should be allowed to invest. And maybe they're not the ones at all...? Kinda seems weird to imagine rocket scientists buying garbage like this.
I really don't feel sorry for them. They'll get their money back via government help that takes from the smart, and they behave like animals and are disrepectful and everything and commit so many crimes and they laugh at smart people like being smart is weird and risible.
Really interesting story. And I'm very positive about volatility, strong moves in 1 direction, contangos.
Also I wonder what happens when this ETF has to liquidate... Just go short !2? XD
On April 23, CME ordered the funds not to exceed 15,000 long futures contracts for June. For July 2020, the limit is 78,000 long futures contracts while for August it’s 50,000 and for September 35,000.
They say they have a total of 150k, if the limit in June is 15k that's 10% not 20... w/e.
Can't trust journies.
Not a huge contango here, well it's huge but I mean compared to 1! and 2!
I wonder when they are going to sell July. Should I call and pretend to be an investor 😁?
Oh I know how to convince them "I looked at the RSI and MACD and I noticed they were very oversold I also noted the price recovered congratulations"
May Robinhood holders go to 1 million! May Trump print billions to bailout US Oil producers!
🐂🐄🐮 => ⚙️grinder⚙️ => 🥩🥩🥩
Yummy!
ملاحظة
Oh, lawsuit already.Why some people find it so important to help out people too dumb to think by themselves and prepared to throw their money out of the window?
If they were willing to throw their money away then they can't care that much.
alphabetastock.com/2020/04/27/united-states-oil-fund-uso-lawsuit-finra-against-financial-advisors/
I hope this ends up in USO having to liquidate all positions immediately.
ملاحظة
In the book The Institutional ETF Toolbox (How institutions can understand and utilize the fast-growing world of ETFS) - 2016, they look at USO.Here are a few quotes, available in preview on google:
Now that USO has gotten so much retail money, and on Robinhood it is growing, it is not doing its job anymore of tracking the front month. The CME ordered them to spread their position over several months in particular on the 2!.
I do not think the SEC let them get bigger, but rather that as institutions close positions Robinhood weekend investors rush in to buy. Perhaps institutions are dropping the ETF entirely.
Ready for the punchline?
Of course USO is the most popular one because it tracked the front month and this is what the institutions want, so this is how retail heard of it.
Not sure what they imagined and what went on in their heads.
So USO now has become the 4 month tracker.
Not sure what management is doing... They could get in trouble...
Making a reverse split, only dumb weekend investors are going to fall for this, and it will play against them in a court.
Not sure getting more sucker money that way is worth it.
So I guess they also need to create a new ETF only for the front month now, that hopefully ONLY pros will buy?
It's quite upsetting that they'd get into trouble because of idiots, but if they are asking for it with their reverse split... can't feels sorry for them.
Financial advisors are getting sued, I don't know what they told their customers.
What are these clowns (buyers), they are even aware that a commodity is not a company?
They think institutions were just going to shower them in money?
So delusional. If the price is down there is a GOOD REASON.
This is Dunning-Kruger at its finest. How arrogant to think this simply and for them, weekend investors with 0 clue they know absolutely nothing, that with 5 minutes of research, if they even spent 5 minutes! Can just jump in and hurray outsmart every one and become rich.
This has to be the idiots that think we can "just print money" or "just tax the rich".
Lots of Dunning-Kruger victims on the road, usually you find their heads far away from their bodies. Talk about learning the hard way kek.
The more you try helping them the more they mess up. It's like a running gag in a cartoon. The easier you make it for them, the more they mess up 😆
When you see it in cartoons you wonder how it is possible, and would never expect to see it irl, but here we are...
Lmao when I see Tony Robbins the motivation coach ask Ray Dalio "to help my readers can you tell us a secret recipe to an all weather fund so they can get returns with no risk" HUGE red signal.
'Uuuh greedy financeers they don't want to tell us the magical secret to make infinite money and never be in the red they keep it all for themselves'
There is a good reason for WTI front month to be low and even to go negative.
No it's not institutions throwing money at the public.
People are going to want to buy Oil anyway, so I'll make a list of ways to do it, I am not a financial advisor thought, these are just ideas to maybe look into:
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