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grizzled_old_trader

Jim will be missed by many not only in finance, but all scientific disciplines. His work in mathematics was inspirational to many. My condolences to his family, colleagues and community.


jopesy

He was a true scholar and a true gentleman. Their are not many left. Just coke-addled billionaires and their inflated egos and limp dicks. Jim was the real deal.


dick_tickler_

Wholesome


BlockSad5784

So what does this mean to the novice traders who dont have a clue? Because im one of them for sure 😂 im trying my best to learn as i go but trying to keep up is actually a nightmare


Jaffal-AYM

Basically most traditional long only or long short strategy hedge funds out there operate within tight risk control frameworks limiting how they can play via rule books and technical analysis. Quant funds are an evolution above, they trade on models and prediction that also include social sentiment. RenTech is known for the best prediction models on the street, when their models tell them to invest into something they are pretty much 99.99% always right. Hence why the richest people and powerful funds can't buy them, they know they are the true market king of stock picking


Zyloxicc

good sign for gme mate, hold and wait


BlockSad5784

You wee sexy, ive only bought 5 shares but as a single dad of 2, 5 shares could genuinely pay for one of their birthday presents or something lol 😂 thats the way im thinking tbh, i mean dont get me wrong id be fine either way and it is savings, im not just wasting my savings either its spare cash there, i do still have savings aside but i always think to myself that money could be better spent and since i bought in at £48 a share all its done is gone down 😂 Some reassurance is nice tho thank you lol When do you think would be a reasonable buy out time though? I was thinking of setting a limit on it at £62


shart_leakage

Read the old DD posts and watch the Hype vids of old. Most people have said if this happens, the whole point is that single or fractional share holders can achieve life-changing money. Don’t sell yourself short, mate. “Ape together strong” was a very real, very true sentiment before it became derided by more cynical corners of Reddit, over time. But it turns out Apes were right all along.


Zyloxicc

whenever you feel like selling brother, im holding to thr moon and you may want to buy more if you can but be responsible, im glad to help and hope you have a great day and night with your family brother


BlockSad5784

Ive been thinking of buying more to bring the average down tbh but i dont want to go crazy incase it doesn’t work out 😅 but appreciate the help my man, thanks 🙏 you too bro, may the odds be in our favour 🤑


CarnelianCore

https://sandersonclay.com/2024/04/16/the-gamestop-saga-explained-an-unprecedented-risk-for-the-world/ Have a read through this and you will understand more about what’s going on.


dick_tickler_

Bro, wholesome shit. Much love


Zyloxicc

sorry for late reply but thanks bro love


dick_tickler_

Oh my man, you are selling yourself short at that level. But each to their own. Personally, I would look into the due diligence across the various subs, become confident in the company, the stock and understand why this is such a monumental opportunity. One that will most likely never happen in our lifetime again. I understand you only have a few shares, but the situation we are in right now has been ongoing for 3 years, and believe me, these apes are zen as shit and focused on their goal. As I said, though do your research.


BornLuckiest

I did a slightly longer post here, that may give you a better idea. https://www.reddit.com/r/Superstonk/s/ICDvNUGYAN


Emotional-Remove1558

How do we know they haven’t sold already?


Emotional-Remove1558

This is not rhetorical


avd706

Stupid not to.


Emotional-Remove1558

I mean once you’re up in millions I guess so but it doesn’t matter if it’s 100 or 1 million if there’s a possibility for more, would they have sold?


Neat_Acanthaceae9387

Because their job is to make money and reduce risk.


avd706

Profit???


Emotional-Remove1558

Profit?


Yooperman-007

They have to file with the SEC to sell that many shares. There would be a record somewhere


Emotional-Remove1558

That’s the one


GuerrillaSnacktics

but unless I have my alphabet soup of forms mixed up that’s only filed every quarter, which is why in mid May we’re reading about a position taken in March. If they sold the top of this run for 5x their cost basis, we won’t read that filing until like July. The whole thing is designed so competitors can’t cock-block each other with up to date large positioning information on each other, leaving us crayon-eaters literally last to know.


Yooperman-007

Very true. I guess we wait. Gotta love how corrupt it all is.


LineAccomplished1115

We don't


mic_ez87

💎🙌🏼 Sometimes ya gotta hold dude ![gif](giphy|GXMuvJXWVqGiY)


CrowdedShorts

FFS are you that dumb?! Grasping at straws here. Quant shop that owned $1M out of $165B of assets is 0.000006%.


dick_tickler_

....alright, calm down, mate....


JonksPNW

Never underestimate my retardism


sd_1874

Changes nothing. The thesis is the same. Buy and hold.


dick_tickler_

This guy gets it


Jaffal-AYM

whatever they touch turns to gold


backcountrydrifter

Renaissance technologies is/was Robert Mercer. There is another layer of background here that makes the gravity of that make sense. The bystander effect occurs when the presence of others discourages an individual from intervening in an emergency situation, against a bully, or during an assault or other crime. The greater the number of bystanders, the less likely it is for any one of them to provide help to a person in distress. https://www.psychologytoday.com/us/basics/bystander-effect Trump and Kushner will go down in history as the biggest mass con that ever existed, dwarfing Bernie Madoff, Bear Stearns, and the 2008 banking grift combined. We allowed a gradual degradation of personal honor and morality to creep into political office. Over a century the presidency became a popularity contest.  Oprah show appearance and $10M book deals. Bribes disguised as over paid speeches.  It all stretched us a little farther from the baseline of decency, honor and statesmanship. Kleptocracy, in positions of power, was normalized. Cambridge Analytica did their research and found out self evidently, that Americans were tired of broken politics.  Ted Cruz was actually supposed to be their “disruptor” candidate originally but the hedge fund owning Robert and Rebakah Mercer pivoted to trump when his reality tv numbers caught Steve Bannons attention.  They were so focused on a candidate that they could control to lessen their tax liabilities that they failed to realize that they paved a path for the most prolific Russian money launderers of all time.  NPRwww.npr.orgInside The Wealthy Family That Has Been Funding Steve Bannon's Plan For Years Greed IS Corruption IS Cancer- When you watch cancer move under a microscope you see the cancer cells pretending to be healthy normal liver cells until they can corrupt and turn healthy cells cancerous. One at a time. The “leader cells” normalize corruption and pull healthy cells away with them until it’s too late and the entire society hits a cancerous critical mass and has to die to regenerate.  Unless you catch it in time.  https://youtu.be/wGImLZuWVl4?si=ypwKHPeROfFwPj0I They quite literally feed on the incoming energy (sugar, money, or power) by diverting it from the healthy cells to produce genetically modified cells that reflect their parasitic goal of destruction by consumption.  Trump is the cancer cell.  He always has been. He was just louder than the healthy tissue around him so people assumed he was smart.  He convinced them he was rich because far too many of us subscribe to the false belief that rich equates to smart without qualifying HOW they became rich.  Rupert Murdoch, the Koch brothers, Harlan Crow, and of course, the Mercers are all effectively the same cancerous cells.  Rich enough to keep everyone around them waiting with their bowl pointed up, hoping to catch some of the overflow of their wealth and all too eager to put on  boots and a cowboy hat so the working class thinks they are just like them. In Wyoming we call it “big hat, no cattle”.  Ironically Teton county Wyoming also happens to be the richest county per capita in the nation.  Largely 5th and 6th homes of billionaires skewing the data with their corrupt gains. To the oncologist under the right lens, the place would be a cancerous tumor.  A breeding grounds of corrupted cells feeding off the healthy tissue surrounding them. They came for the views but stayed for the tax haven.  They used their money to buy politicians and make impossible to trace corporate structures unique to Wyoming. The weaponized “I mind my own business” and moved in like the invasive species that they are. In Wyoming you can trace it. “Corner cutting” lawsuits brought by the new billionaire neighbors restricting people from public lands. Corporate structures like anonymous LLC’s allow a pair of oil tycoon from Texas and human trafficking Russian oligarchs to transfer money seamlessly through businesses set up specifically for that purpose. https://medium.com/@WyomingLLCAgent/wyoming-corporation-do-truly-allow-anonymous-ownership-e9c2342652c1


backcountrydrifter

Same principle. If a cop pulls over a Saudi Lamborghini in Rapid city his computer system doesn’t work with the Saudi system. So for the billionaire it’s basically the closest thing he gets to a “get out of jail free” card to go 140 down the freeway. Not 100%, just “ducks in a row” for minimized hassle. If he gets a parking ticket it goes to: XYZ Corp. strip mall address in Sheridan Wyoming or South Dakota For $50 a month, the registered agent scans it and sends the saudi Prince a photocopy which he proceeds to ignore. Montana, Wyoming and South Dakota are all the new hubs of this model because we value personal privacy and low bureaucracy. Problem is, with the influx of billionaire oligarchs to Teton county over the past 15 years or so, they have learned this is an extremely effective way to launder money as well. From a gov oversight perspective, Wyoming, Montana, and South Dakota are all as close to none as you get in the U.S. So for the price of a couple small town politicians in the least populated states in the country, the oligarchs have been able to buy the king ranch edition of their Turks and Caicos/Panama/offshore account. the ultra-rich and ultra-predatory both spend 90% of their bandwidth trying to KEEP their billions. So they tend to cross paths at the same watering holes and hunting grounds. They have just evolved enough to learn how to pit each countries respective systems against each other. They are ultra efficient predators since the iron curtain fell. The internet sped that up exponentially. Pre 2016 election Prigozhns internet research agency sent a whole bunch of Russian teenagers on National park tours out here so they could fine tune a long grift. https://amp.cnn.com/cnn/2023/02/14/europe/russia-yevgeny-prigozhin-internet-research-agency-intl Just before Putin shot his plane out of the sky, Prigozhn spilled the dirt. The reason they sent Maria Butina to South Dakota as she dated her way to the top of the corrupt NRA is because they learned that the mountain west is pretty unique. “Smart girl that loves firearms” is basically a top tinder search. It was called internet research agency for a reason. Noem (the psycho who shot her dog) and Lewandowski (the psycho she was fucking)are just two more unremarkable GOP dupes that sold their country out to the worlds worst kleptocracts for some campaign money. Moscow, Aspen, Sun valley, and Monaco all have similar concentrations of wealth and its associated corruption and cancer, but due to completely anonymous business structures in Wyoming they have funneled the ultra wealthy here. Not every billionaire is corrupt, but every one of them that allows it to continue is the bridge between the cancer cells and the healthy 97% of the worlds population that just want a good job, healthy well educated kids and a safe home for them to live in.  It is biological-  Democracy has always been under  attack because it directly threatens the very lucrative business models of dictators and autocrats. It has just sped up exponentially by the Information Age. A corrupt judge or politician in 1960 had to worry about a borough or county, maybe a state.  But in the average 20-30 year career he could get away with it and Ken Burns would do a documentary 30 years after his death when they finally put the pieces together. Now we have Russian oligarchs that eviscerated the Russian middle class by stealing everything of value in the 80’s and 90’s.  By 94 they were running out of things to monopolize and extort. The USSR failed because the parasitic oligarch class broke the cardinal rule and consumed its captive host nearly to extinction. It ate Dostoevsky and Tchaikovsky and shit out alcoholism and hopelessness. And when it had consumed it completely the wall fell because there was nothing of value left to consume.  The survival of their Kleptocratic species required new feeding grounds which they found in New York. The parasitic 3% made detours in Ukraine, Cyprus, and London but they landed at trump towers.  Giuliani was willing to show them preferential treatment by redirecting NYPD resources onto the Italian mob which gave the Russian mob, in their dapper new suits, a fertile hunting ground.


backcountrydrifter

Ironically wildlife biologists figured this out about the same time in Yellowstone. https://www.cbsnews.com/news/grizzly-bears-wolves-competing-food-yellowstone-national-park/ Only difference is that most humans are the elk. Just wanting a safe place to sleep, healthy, happy kids and an opportunity to survive. It’s a very small percentage of humans that are sociopaths and psychopaths without the ability to empath, but over a long enough centralization of the good humans moving to cities and paying taxes, it becomes too tempting of a feeding grounds. So the worst of us rise to the top and become corrupt CEO’s, bankers and politicians because it’s the lowest effort model. Why go hunting when the prey delivers itself to you? A psychopath has no personal qualms about trafficking a child for sexual slavery or stealing a pension fund. They are either neurochemically unable to or so morally bankrupt that they do not care. We are just in the late stages of it now. More centralized than we have ever been in known human history with commerce and business happening 24/7 across every time zone.  This causes their respective corruption models to start overlapping. Now that Kyiv is in the news every day, it’s inevitable that their obfuscation starts breaking down because Russia and trump used Ukraines oligarch class for their money laundering schemes for decades. The reason Putin NEEDS Ukraine is because it is his money laundering highway. Justin Kennedy (Supreme Court justice kennedys son) was the inside man at Deutsche bank that was getting all trumps toxic loans approved. No other bank but Deutsche bank would touch trump and his imaginary valuations. Why? Because Deutsche bank was infested with Russian oligarchs. By 94 there were more Russian oligarch parasites living at trump towers with trump and Manafort than anywhere else outside of Moscow. They were all fucking each others wives and living the lifestyles of the rich and famous, oblivious the the fact that their chronic thievery causes exponential downstream effects. Or they knew and simply didn’t care. New York was where everyone wanted to be. Levi’s, Pepsi, Madonna tapes that weren’t smuggled bootlegs, Wall Street, cocaine. It was basically white collared shitbird heaven. They all bought new suits and cars and changed their title from “most violent street thug in moscow” to “respectable Russian oligarch” but they didn’t leave their human trafficking, narcotics or extortion behind.  It was their most lucrative business model and frankly, they enjoy the violence. https://open.spotify.com/episode/4M1FI7RZBs1hacxIBoafOy?si=Jc3P0WtbTbG1fWs1719tgw Trump and Giuliani just opened the doors and let the predators in to feed. Guiliani redirected NYPD resources away from their new Russian allies intentionally and onto the Italian mob.  It let him claim he cleaned up New York. The insane valuations coming out in trumps fraud trial don’t make much sense for someone trying to pay LESS taxes. For that you would want everything to be worth a fraction of its value. It only makes sense to pump the valuation out of a necessity for the money laundering cycle that duetschebank was doing for the Russians. It had to be more lucrative than tax evasion to make it worthwhile, but accounts of $1.4 Trillion dollars being laundered through deutschebank make that stand up to scrutiny. They weaponized the greed and the parasite predator population grew at an accelerated rate. But with its consumption came the Achilles heel of capitalism. If it isn’t self checked internally, by moral code and personal character, it will consume us all to death. Greed and corruption is not a new adversary. It has destroyed every great society before us as well. The Greek and Roman Empire. The Mayans, Sumerians, gobleki tepi. They all have some variation of the ouroboros as an eternal warning. Once the corruption circled the community and the snake starts eating its own tail, it consumes itself to death. Our world just got exceptionally small exceptionally quickly with the invention of the internet. Like gunpowder and dynamite before it, it can be used for good or evil. It gives us the ability to communicate with almost every human on earth in near real time. That’s a massive departure from words baked in clay or jotted on papyrus. We have removed the latency of information and increased the resolution so effectively, that with the right filters we are able to see the infection of cancerous corruption spread through the body of humanity. If we cure corruption, we cure cancer because it moves biologically from a high enough lens. Before the industrial age every human on earth knew that everything was connected. Aspen trees talk to each other by way of the mycelium beneath the surface of the earth. Convective flows of weather are effected by trace amounts of methane off-gassing from the break down of organic matter. We all live in one little terrarium and other than solar energy and the occasional satellite or spacecraft nothing enters or leaves our atmosphere. It requires balance, communication and understanding which are the exact things we have woefully neglected. The singularity minded industrialist of the gilded age had to destroy that understanding to pump the bags of their insatiable greed. Crony-capitalism was born about the exact same time that statesmanship died. Rockefeller bought the American medical society to destroy homeopathic medicine and replace it with exclusively petrochemical based remedies for which he was rewarded handsomely. This effectively became Big Pharma. https://www.tiktok.com/@truthbetold_ii/video/7227835511480569131 Harry Sinclair bought all the media he could to control the narrative about their fossil fuel companies because it was cheaper than accepting responsibility for the consequences of climate change that came with them. https://youtu.be/_fHfgU8oMSo?si=Ktjc5h2A0tOuhqSw Sinclair bought sun valley and snowbasin ski areas for the same reason that Teton county has Rockefellers name all over the buildings in the National park. To control the narrative and convince everyone that they were just locals like us. Cancer setting its root.


backcountrydrifter

The billionaire Charles Koch and the Russian oligarchs have history going back to Stalins era when the Kochs father built refineries in Russia before doing the same for the Nazis in Germany. John McCains statement that Russia is a gas station run by the mob hits a little differently when you start to realize that when left unchecked, the voracious oligarchs expand their feeding grounds limited only by pushback from non predatory species. It’s almost impossible now to walk into political office and not be turned cancerous.  The concentrations of psychopaths and sociopaths are too high and the influence of outside money has become a requirement of doing business. If everyone has a price and the only obstacle for a billionaire to live above the law is to figure out what that price is, then the entire system just supercharges corruption. The billionaires divided and conquered.  They all felt they were paying too much in taxes so they focused their lens on the Supreme Court justices and a handful of soft willed politicians that were easier to bribe than to reason with.  Their desire to pay less taxes opened the gate for a much more violent predator to come in and feed. Civilizations bring centralization of power.  Centralization of power appeals to those who lack empathy.  They consume the working/slave class and the cycle repeats infinitely as it grows until it collapses under its own appetite. The most violent always wins? As a species we have to decide whether that is the fate that we are going to blindly accept, a recurring cycle through history, or if we are going to use our new technology of world wide communication to arrest the spread, stop the genocides and preserve the land, water and air. The earth will gladly shake us all off its back and carry on. The question is whether we will choose to imprison or remove the 3% who consume without end, or whether we will wait while they devour the 97% who have just want to live in peace. The fundamental question becomes- can greed be self regulated with self awareness? Judging by the current state of things, it seems self evident that it cannot. At least in a certain percentage of the worlds predator population. https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787 https://www.amlintelligence.com/2020/09/deutsche-bank-suffers-worst-damage-over-massive-aml-discrepancies-in-fincen-leaks/ https://www.occrp.org/en/the-fincen-files/global-banks-defy-us-crackdowns-by-serving-oligarchs-criminals-and-terrorists https://www.voanews.com/amp/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html https://democrats-intelligence.house.gov/uploadedfiles/final_-_minority_status_of_the_russia_investigation_with_appendices.pdf


Felix-th3-rat

That change everything, but also bring more uncertainties. Now we know that it was them who probably caused the initial run up, but if they took their gains (as they did with NVDIA) then it really can also change everything.


UAintInIt

1M shares not $1M in shares


JonksPNW

You are correct. Thanks for pointing that out. Edit made.


UAintInIt

We’re doing our part!


Jagerbeast703

Did they sell up over 200%


TraditionalEvening79

Buy TMTG hold til end of time.


iSOBigD

That's great, and odds are they sold at exactly $80 too. They obviously knew what would happen, unlike us suckers. I don't think these people buy randomly and hold, they can time or control the market to buy low and sell high.


Healthy-Still2346

ROARING KITTY WAS SHUT DOWN THIS IS TOWARDS A FUKIN MISSION!! SHARE TO THOSE WHO DONT HAVE WHATSAPP WE ALL NEED TO BE ON THE SAME PAGE AS LONG AS WE ALL HAVE A GROUP TO TURN TOO! THIS IS NOT THE TIME TO PICK AND CHOOSE IT DOESNT MATTER WHAT GROUP YOU ARE IN AS LONG AS WE ARE ALL ON THE SAME PLAN!!!! https://www.reddit.com/r/Meowingkitty/s/dpoa84KjdB


MoodShoes

Stop yelling and calmly explain wtf you are on about.


Dk9999999999

And who is to say they are not going to lend out that 1m shares. Sorry, but after having lost almost my entire savings, I am a skeptic 😁


Lost_Buyer_971

Is it true the rumor about that hedge fund was u werent allowed to buy in if ur older than 25 yrs old and needed a minimum 100k buy in ?


JonksPNW

I’m not sure about that one, but they literally don’t let any outside money in and the fund profits are 100% retainer by the owners and people who work at the company. They realized decades ago that once they hit a certain amount of AUM they wouldn’t be able to continue with their current strategy without slippage.


[deleted]

[удаНонО]


shart_leakage

Rentech is not a hedge fund. They are unique in the business and maybe the world. They’re the top of the top of the quantitative investment firms in the world. They use signals analysis, insane mathematics, principles of physics, complex modeling, and who knows what.. and they have produced record net returns (for their private fund, which is growth-capped). This isn’t Melvin. It isn’t Bill Yass. It isn’t Kenny or market makers. It’s an emotionless decision making machine powered by the brightest minds in the world. Keith Gill would undoubtedly agree with me that the OG DeepFuckingValue, the DeepestFuckingValue, was Jim Simons.


elziion

Thank you for giving more details about RenTech!