I heard that Jim Cramer can't own stocks directly but can via his charitable trust. Ok.
How come Jim Lebenthal, Josh Brown, Joe Tarrenova, and most others can own and recommend their own stovks then?
And then one CNBC host (Brian Sullivan) said "it's one of the few stocks that we can own, as we're not allowed to own stocks directly."
Then how come certain commentators come on and recommend their stocks and show them in those little black boxes as they're speaking?
CNBC article link
This 1% stat is bonkers, I would have guessed closer to 10% (which is still really bad):
>For example, 11% of Robinhood’s monthly active users made an options trade in the first three quarters of 2021. Meanwhile, fewer than 1% executed a multi-leg options trade, which involves two or more transactions at the same time.
>
>“Everybody in the business knows that if you’re only buying out-the-money calls, then you’re likely going to lose money over time,” said John Foley, CEO of Options AI. “The question of democratization shouldn’t be ‘can I trade options?’ but ‘can I have straightforward access to the options strategies that Wall Street uses?’ The playing field is not level right now and no one is really focusing on that.”
That means very few options traders are "graduating" to level 3. They're either going broke buying OTM calls (eventually) or going elsewhere to do smarter trades. I know Options AI's focus on spreads means 80%+ trades are multi-leg. My guess is Tasty's and ToS is more multi-leg than single but no clue what level. But RH's 1% is mind-boggling.
And options regulation is antiquated in that it encourages this behavior.
The fact that you have to do a bunch of dumb single-leg trades in order to get to the multi-leg spreads (and better yet credit spreads) for the same or better costs and higher probabilities, makes no sense.
It guarantees that most people's initial experience with options sucks. It's like a casino saying "to graduate to playing odds on the craps table, or better yet a game of skill in the poker room... you first need to lose a bunch of money doing YOLO bets on single numbers on the roulette table."
Institutional options flow is 75% of the market and it's almost all multi-leg (and if single leg it is usually against an equity position). With RH being so much of the retail trading that other 25% would be like a mirror image of institutional flow, and not in a good way.
https://preview.redd.it/t74oub0j9t581.png?width=279&format=png&auto=webp&s=9a0623cc4a6add97baae3d3ce2fe9aeed9396646
TL;DR: Alongside the SEC comments from deepcapture.com on Jim Cramer & Dendreon, Overstock CEO Patrick Byrne publicly called out Jim Cramer and CNBC by name nearly 12 years ago to the day in a press release to all Overstock shareholders.
I'm not the first Superstonker to have found this (I'm pretty sure), but alongside u/missing_the_point's post on Jim Cramer's behavior with regards to Dendreon, I thought this was also relevant. I mentioned this originally in my old Adoboli DD (for the years 2009-2011: https://www.reddit.com/r/Superstonk/comments/mp1m53/gme_player_profile_ubs_naked_shorts_2011s_adoboli/) but Overstock CEO Patrick Byrne PUBLICALLY called out not just Jim Cramer but CNBC & more in a shareholders' letter...THAT YOU CAN STILL READ ON THEIR OVERSTOCK.COM PAGE.
Here's the text:
>**'A fine victory for Overstock, a triumph for the cause of cleaning up US capital markets' says CEO Patrick Byrne.**SALT LAKE CITY, Dec 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Overstock.com, Inc. (Nasdaq: OSTK) today announced that Rocker Partners (now known as Copper River Partners) will pay $5 million to Overstock.com to settle Overstock's claims against the remaining defendants in its case against Rocker Partners, David Rocker, Marc Cohodes, and the management companies and hedge funds they controlled and advised. The defendants have agreed to dismiss their cross-complaint against Overstock.com and Patrick Byrne. Below is a letter from Patrick Byrne, the company's Chairman and CEO, commenting on the settlement (see our story at DeepCapture.com for full details).
>
>Dear Owner:
>
>The good guys won.
>
>I announced Overstock's lawsuit against Rocker in an August 12, 2005 conference call I titled, "The Miscreants' Ball". In that call (and in subsequent elaboration on DeepCapture.com) I claimed that [a network of dirty Wall Street players](http://www.deepcapture.
https://www.cnbc.com/2021/12/07/elon-musk-civilization-will-crumble-if-we-dont-have-more-children.html
Are we surprised that someone so rich is also so out of touch with reality?
I have been using PLTR for the wheel strategy all year.
There are many things I like about the stock, but I hate the fact that they are relentlessly diluting the shares for "employee compensation." New shares are being created at a rate of about 18 million per month.
PLTR CEO Karp made a goofy video last October claiming PLTR has nothing stopping it from going "20x" in price. Then, a month later he dumps $42 million worth of his shares right after the stock had already fallen by about 25%. Basically making it look like he had no faith in his own company after his wild and outlandish claims.
This morning Karp was on CNBC. They asked if he was going to stop diluting the shares. He said point blank that dilution would continue in the form of employee compensation. He simply alleged that the stock price would rise despite dilution.
This makes me lose faith in PLTR. That and the fact that Karp looks so ridiculous all the time with his uncombed hair.
I never thought CNBC would say GME has a shot at being a turn around story. I just jumped in the car to hear a 20 second clip that said just that. It’s amazing that MSM is corroborating this crazy price movement was from “Company News” and not fuckery as a result of SHF laying the groundwork for a cover up. I’m sure the clip will be up soon by someone.
Fuck you SHF, pay me!
🍿
Collective Ape Hollers
In general, women invest less than men. According to CNBC, the investment differences are as follows:
Exchange-traded funds (14% of men vs. 7% of women)
Individual stocks (40% of men vs. 24% of women)
Mutual funds (30% of men vs. 20% of women)
Real estate (36% of men vs. 30% of women)
Bonds (14% of men vs. 11% of women)
More than twice as many men as women invest in cryptocurrency.
Only 7% of women invest in crypto, while 16% of men do.
As a female crypto owner (albeit with way less amounts than it seems most people on this sub have invested), I guess I’m part of the 7%. Do we have some other crypto women on this sub?
Gentlemen, have you talked to many women interested in crypto?
One of the most interesting crypto conversations I’ve had was with a women in Indonesia who funded her fashion designing dream by day trading crypto.
Obviously, the percentages are too low for any gender, but is there a way we should be encouraging women to invest in crypto more? It does seem to have a reputation for being a boy’s club.
