Everything posted by southsider2k5
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Only JR knew of new TLR DUI upon interview and hire
And attitudes like this are exactly why fans are pissed and not getting over it. I promise you the worst way for a person to start to deal with something, is for judgey people to tell them to get over what is bothering them and accept it as is.
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Only JR knew of new TLR DUI upon interview and hire
I can't imagine working this hard to carry water for Jerry Reinsdorf. Pass.
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Market/Financial Thread
The whole Tatis contract futures thing got me looking around the internet, and I came across this. Thinking seriously about it. https://evoinvest.com/
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MLB 2020-21 off season catch all
We had ammo all winter long, but the bullets stay firmly in the box.
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Only JR knew of new TLR DUI upon interview and hire
Here is how I envision this conversation going.
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Spring Training thread
The top guy who didn't make it is Ben Bailey. I also don't see the younger Tatis, jose Rodriguez or Bush. For all of the love Ramos got this off season, he also wasn't on there.
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COVID-19/Coronavirus thread
- Spring Training thread
An interesting list for no other reason than to see who the Sox seem to favor enough to bring to camp early for the extra work and exposure, and also who they don't.- 2021 Plan for Kopech and Crochet
It is a stupid idea, especially since we didn't add any SP depth.- Only JR knew of new TLR DUI upon interview and hire
There it is. If you hate this hire, you are cheering for him to fail. But because he is the manager we all have to like it. Those 500 replies are too easy.- Spring Training thread
This is why Soxtalk.- Edwin Encarnacion contract likely sent Sox in new direction this offseason
At least until he hurts himself. Again.- MiLB schedule accounced
- TLR publicity train
With posts like this, I would also bet the over.- TLR publicity train
Depends a lot on how many times people come after me for not bowing down and worshiping the ground he walks on.- Spring Training thread
I just need to locate some shares for my short.- Spring Training thread
I will grab one at Soxfest next year when it is $75 on the clearance rack.- Spring Training thread
Dang, now I want a Mercedes jersey.- Market/Financial Thread
One thing of note is that it helps if you understand what the short ratio is. It is short interest compared to average daily volume. If it is above 100%, it just means there are more short positions than average trading volume. It isn't something taken against total shares or something like that. On FTD's the explanation is in there... and So in the case of the lack of cash, they are margin called. That isn't illegal. The second part of not doing a locate is a problem, and again those will be investigated and fines will happen for those as well. As I said before, Robinhood especially is going to be in a world of trouble just for their margin problems. if they, or any other firms, were allowing shorts without locates, they will pay for it. Finally you can argue that anyone did anything. Do you have evidence of coordination between the shorts? Because if you do, call the SEC and tip them. You will get a 10% reward that results in fines being paid. "I would argue" doesn't really do anything. Do you have email trails? Recorded calls? Because that is exactly how the LIBOR stuff was broken. There will also be plenty of people looking to see if there was coordination here, as there is a LOT of money to be made on fines and the like. If it is there, it will be found. There are billions of fines out there for institutions, as they are the people with the deepest pockets.- Edwin Encarnacion contract likely sent Sox in new direction this offseason
Was he willing to be a DH last year?- Market/Financial Thread
Today? Almost all electronic. You can still request physical shares, but no one really does it. It might even cost you these days. One of my older bosses first jobs was actually receiving and mailing stock certificates around for delivery and custody purposes. They are indeed client positions, but the firms is required to have cash on hand as well so that if individuals blow up, that they will still have enough cash to stay in business. There is a really long and complex set of rules around net capital requirements.- Market/Financial Thread
From a technical standpoint, a clearing firm has 2 days to move the shares from their custody to the custody of your clearing broker assuming it is not a day trade. Typically those shares move from Firm A to the DTCC (who is the main clearing agency in the US) to Firm B. If you are making the trade in cash, that money moves the opposite direction of the shares. If you are trading on margin your cash, plus the cash of the firm is moving. Typically a firm is required to hold enough net capital to cover 15% of the market value of its stock positions (its a little more complex than that, but for simplicity sake). If they are unable to deliver on time, then their requirements for cash go up, until they are required to hold 100% of the cash value of that stock in reserve.- Market/Financial Thread
Crimes for this guy? Right off of the bat, giving advice without proper disclosures for sure, even if he wasn't a part of the actual manipulation. It also sounds like he didn't disclose his outside business activities and trades as his firm is saying that they had no idea what he was doing. That is without even getting into how they view his trading behavior potentially as market manipulation to profit off of. I am sure they are investigating the first thing. My guess is that the firms who halted were in margin troubles, which is why they were stopping the additional positions. I would expect firms to pay a lot in fines in regards to them. Second, being short a stock isn't illegal as long as the short wasn't fraudulently obtained through something like a method of quickly exiting and re-entering the position so it looks like a day trade and not a held position. As long as proper trade procedures were undertaken, including short locates, proper margining, and proper labeling of positions, this isn't illegal. It is also not illegal as a firm to enter as big of a short position as a firm can legally obtain assuming they have the cash to cover it per margin/haircut rules. The only spot at which this could become illegal beside the above notations, are if they coordinated their trades with other outside interests for the purpose of market manipulation. That is where the reddit crowd is going to get hammered. They coordinated this. A great example of this is the LIBOR fixing scandal, which has cost something like 6 billion dollars in fines. Not familiar with what you are referring to in the 3rd part in detail, but fails are a HUGE issue in the market place right now. Each firm is required to either deliver stock, or in the case of a short position, to borrow it from another long position to be able to short it. FINRA is all over fails. Now understand that a failure to deliver by itself isn't a crime, but the firm must then take a cascading margin/haircut loss on the position until they have to have 100% cash coverage for the FTD position until they either get out of it or if they receive delivery. There are also steps that must be taken and reported for fails. Firms want nothing to do with fails. because of the ease of moving stock around in 2021 trades are 99.999999% cleared on time. This isn't like the old days where someone had to mail in an actual phsycial certificate of stock. Finally also realize that the SRO's in play here don't announce investigations to the public. They just start investigating and document requesting. I promise you that investigations have already begun at these bodies, even if you and I don't know about them. We might get a press release, but we will really know when FINRA starts fining, when the SEC starts charging people, and when the Wells letters start flying.- TLR publicity train
I am sick of pretending what he did decades ago and refuses to let go of is somehow clearance for him today.- TLR publicity train
He changed the game decades ago. The game has changed again since then. Repeatedly. But he wants to go back to the good ol days. - Spring Training thread