The guy who made $11 million on $GME

Butterfly said:
the idea is quite funny, and yes it's brilliant. But it's sill illegal, and abusing the system.

It's like watching the underdog robbing the bank, yes it has poetic justice, yet, it's still a crime :)
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Well it happened before in Herbalife between Akman on the short side and Icahn & Soros on the long side. Was it illegal? Don't think so, it was perfectly legal to raid the shorts if someone sees value in the company, you just need to have deep pockets.
 
narafa said:
Correction, CFA is not heavyweight on compliance & ethics, it's more heavyweight towards financial & investment analysis, pricing & valuing derivatives, portfolio construction, asset allocation, etc... Compliance & ethics don't represent much in CFA curriculum.
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for the test, it is though. I think 25%-30% of the score is on Ethics and CoC alone, and it's a complex subject with all the regulations and ethics expectations in place. In terms of reading materials, it might be 300 pages out the 2,500 pages you need to learn.

regardless, the purpose of the designation is to make sure you uphold the reputation of the financial industry and indirectly the CFA chartholder, by following a strong code of Conduct. If you had a finance major already, most of the shit in the curriculum, you know already. It's a recap of what you should know already.
 
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narafa said:
Well it happened before in Herbalife between Akman on the short side and Icahn & Soros on the long side. Was it illegal? Don't think so, it was perfectly legal to raid the shorts if someone sees value in the company, you just need to have deep pockets.
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shorting is no illegal, but setting up a chat room for "shorting" or "buying" in coordination is pure market manipulation.
 
narafa said:
If you check Tradingview.com (And YouTube and other platforms online), you will find thousands of people posting trade ideas & charts with price targets & stop losses. These are not registered as investment advisors and as long as they write a small nice disclaimer mentioning that they are not investment advisors & that their analysis is not an investment advice, they are safe. They are just posting their own opinion with the appropriate disclaimer.
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and that didn't happen with the TikTok traders and the Redit thread, and having a shoutbox with mob rules like it has been on those 2, is definitely not a simple innocent YT video showing charts
 
newwurldmn said:
I mostly spent my focus making sure I write Newwurldmn, CFA instead of Newurldmn, C.F.A

Btw - All your posts about how the options markets work are wrong.
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you don't come across as a CFA chartholder, in the way you respond, and your attitude regarding CoC and compliance. I think I am not going on a limb when I say "you are lying" about your CFA designation. I can just smell it :)
 
Butterfly said:
the idea is quite funny, and yes it's brilliant. But it's sill illegal, and abusing the system.

It's like watching the underdog robbing the bank, yes it has poetic justice, yet, it's still a crime :)
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How is it illegal exactly ?
 
Butterfly said:
caught your lies, again. Of course you don't have one. I can smell the fraud in your posts :)
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that fine if you don’t believe me.

I’m certainly not here to impress someone who thinks options are supposed to be held to maturity.
 
Butterfly said:
shorting is no illegal, but setting up a chat room for "shorting" or "buying" in coordination is pure market manipulation.
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Several big funds got losses from MGE as they all were shorters. Probably they have a chatroom too, but a private and secret one as it would be illegal to have that chatroom. Nobody knows what and how these big funds communicate with each other. Except of the funds themselves. They even help survive their "competitors" by injecting billions in their "competitors" fund to help them survive.
Logically they should do everything they can to destroy their "competitors" and take over the assets (clients/investors).
 
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