Good news everyone!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"
www.cnbc.com
"“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.
www.chicagobusiness.com
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...
www.cnbc.com
Owners of the fund are making a 1-8 reverse split to stay attractive to ignorant retail investors.
www.prnewswire.com
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!
