I got hurt shorting Gamestop and now I want to be Lieutenant Governor of the State of Rhode Island

Democratizing manipulation Groupies 

 As  I have written before I believe we are living in an altered State. A state of flux and human mania exemplified by Trumpism, the capital surge, and Wall Streets bizarre  behavior. This interview gives my R-rated version of my opinions on GameStop, Short squeezes and systemic risk. My view is deeply affected by my 47 years in the Options trading business. 41 of those years were  as a professional  including as a floor trader , proprietary trader , specialist, Managing director  partner ,founder, and hedge fund founder and manager. Because almost no one will read this or care to, this blog serves as a record for me and my friends and family. My professional friends if they ever read it will recognize my tone as consistent over the 40 years that they know me. If others read this and listen to the interview they may judge me as crazy. Whatever , I am comfortable  , badly wound financially from the Pandemic . March 2020 was our worst month ever and then we were  whipsawed on the upside in  what I believe was a series of short squeezes to the upside. Overstock, NIO, Hertz, Kodak ,Game Stop and Tilray. Pat Ford is a friend and Libertarian  . I have flirted with libertarianism often. I think he conducts a good interview. 

here's the video 

https://www.youtube.com/watch?fbclid=IwAR2nF8XFoc2YnkM2Hafbl0ESjUjKU-eeMtlkkvJoyCzIYpaVTYSyX2W6WA8&v=mUu5uFpF5j4&feature=youtu.be

Fed induced speculation mutates into reddit mobs and Game Stop squeeze

 Insanity in the Option Market place belies the rhetoric supporting $1.9 trillion in Fiscal stimulus. I would venture to guess everyone of these option speculators have gotten stimulus checks and are large percentage are using that money to fuel  market mania. The question is if this is an unintended consequence of the 2008 to 2021 Fed induced liquidity or is it a welcome outcome of Federal Reserve manipulation of investor sentiment. The Fed policy is clearly driven by the Stock Market performance and almost nothing else matters. 

game stopper cultist

"YOU Do not understand what GameStop has in the market and how it’s valued has hurt short term sellers. I don’t trust long term investors because they miss opportunities like Tesla, Amazon, peloton, etc. Making 3% a year is for fools. If your going to gamble go all the way. Money isn’t real anyway right ?"

https://www.marketwatch.com/story/reddit-moderator-slams-wall-street-fat-cats-as-gamestop-surge-continues-they-hate-that-you-played-by-the-rules-and-still-won-11611600048

    The craziness also exists in the SPAC market and IPO markets  which regularly move 50% a day. there are hundreds of these stocks flooding the markets yet the speculative fervor overwhelms the offerings regularly producing 100 % gains on day one. People are getting incredibly rich at the same time as other Americans surviving on unemployment and on the verge of eviction. Perhaps the Government should hand out GameStop shares rather than U.S. dollars which only seem top go down in value. 

Here is an update as one of the Redditors responds to warnings 

Michael G Riley

 YOU Do not understand what GameStop has in the market and how it’s valued has hurt short term sellers. I don’t trust long term investors because they miss opportunities like Tesla, Amazon, peloton, etc. Making 3% a year is for fools. If your going to gamble go all the way. Money isn’t real anyway right ?

3 pm January 26  GME last $137 up $60 

 

mgr

Narragansett still reeling after Mannix Council was voted out. Now the Solicitor must go.

   Narragansett Town Solicitor Mark Davis needs to go. Two years of the Mannix council abusing power and violating the Charter  occurred with Mr. Davis as solicitor. Secret real estate negotiations , unusual executive sessions sealed and a bumbled sale of Belmont Market were but a few of Davis and Mannix creations. Below is a video showing the bully  Council President Matt Mannix shouting down a citizen petitioning the Government while butchering his interpretation of the Towns and citizens rights. This is unforgiveable for any council member  but Matt Mannis is a lawyer and the solicitor Mark Davis  below Mannix on the zoom screen is also a lawyer. After shouting down the citizen petitioner neither Mark Davis nor Matt Mannix clarifies  the citizens first amendment rights. 

    When a Narragansett Rhode Island  Town Council President and solicitor stand by comments like this and treatment like this , it harms us all. Both lawyers  should have been reported to the RI Bar association . A few months later  Mannix was gone but the Solicitor still remained.  Narragansett citizens concerned about Mr Davis many ethical and legal miscues should voice their opposition to Council members  Jesse Pugh,  Patrick Murray  and new council members Dzwierzynski, Cicilline Buonanno and Kopech. 

Mannix (pictured to the right) is gone . 

  Now Davis must go.

VIEW  video of MANNIX ATTACK ON Citizens Rights (copy and paste below)

https://www.facebook.com/100000033397129/videos/3661872667157144/