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Joe McCann Profile picture
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31 Jan, 6 tweets, 4 min read
Gamestop is only the beginning.

Posit: if K-Pop stans can shut down trending topics at will, imagine what happens when they join the Reddit Army against Wall Street Suits.

bit.ly/gamestop-sunda…
The #silversqueeze is the next example.

Silver dealers are likely massively naked short and are scrambling to not get run over.

The @FT is using a 90s @MCHammer reference as a chart title to highlight how gamma is squeezing a stock memed into existence by a Reddit sub, $GME.

The meme-ification of finance is upon us.

ft.com/content/b65423…
Every silver bar on JM Bullion is out of stock #silversqueeze

jmbullion.com/silver/silver-…
BGASC same story. No new orders until they "ship current orders"

#silversqueeze

bgasc.com/viewcart/time
Bingo. #silverqueeze

bloomberg.com/news/articles/…

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More from @joemccann

Joe McCann Profile picture
30 Jan
Damnit, am I really gonna have to write a post on what a gamma squeeze is?
Welp I guess there's demand for it.

Wow.
Wrong answers only
Read 4 tweets
Joe McCann Profile picture
28 Jan
This is how the system is rigged.

The elites aren't even trying to hide it.

Robinhood, who's revenue is largely tied to Citadel, restricts trading in $GME, $AMC, and $NOK.

Users can only sell, not buy.

seekingalpha.com/news/3655535-w…
Jeffries is restricting trading in the most shorted stocks group (source to be added).
TD Ameritrade has restricted trading in Wall Street Bets names like $GME, etc.

bloomberg.com/news/articles/…
Read 57 tweets
Joe McCann Profile picture
28 Jan
This pretty much sums up the WSB Reddit Army defending $GME.
And here's @chamath explaining it to the suits...

Unreal
Read 4 tweets
Joe McCann Profile picture
4 Dec 20
The most astounding stat from AWS this past week is that nearly half of new apps built inside Amazon were deployed to AWS Lambda in 2020.

Half.

That is dogfooding on a massive scale and is setting the stage for an entire generation of "serverless developers".
If you take what Amazon has done historically with their tech, they dogfood it first and expose it as a service second. This also applies to non-tech like their last mile shipping capabilities offered to marketplace customers.
There is a pattern here and if history is any guide the pattern for the majority of cloud computing in the coming years will be serverless.

That presents an enormous opportunity given the expansion of the definition of what a "developer" is, what they do, the tools they need...
Read 5 tweets
Joe McCann Profile picture
9 Apr 20
"...this is the end of the capital markets as we have known them."

-- Bob Rodriguez.
“With the initiation of the Fed’s complete takeover and control of the US financial economy, there is now absolutely no accurate pricing discovery in the capital markets and we have entered a period of total manipulation.”
“In light of this, the only markets I have an interest in are those where the heavy hand of government is not involved or only minimally involved.”

Can I suggest, #bitcoin?
Read 6 tweets
Joe McCann Profile picture
14 Mar 20
No one wants to admit it but there was a bailout to some of the nation's biggest hedge funds this week.

Credit books and risk parity shops would have nuked the markets further unless Mnuchin stepped in with the Fed.
In 2008, it was Bear Stearns and Lehman.

In 2020, it's monster hedge funds you won't see on TV but believe me, they got smoked this week and if it wasn't for another round of socialism for the rich, the markets would be much lower.
Why did risk parity get smoked?

Let's dig into Ray Dalio's favorite trading strategy.
Read 12 tweets

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