...now at $285, and struggling insanely hard to avoid dropping back down to this morning's low (so far) of $250.
The brief rise is the dead-cat bounce from the last-minute lemmings who cued in on the LinkedIn and CNBC coverage this morning, so if you ever needed a last-minute warning, this is likely it.
I bet the floor will drop out from under it by noon.
it wasnt because of reddit that moron fucked up. He chose to short GME on a Christmas season where literally the only thing kids can do is play video games. Short interest on any stock is public information.
Its a good story to say the people beat some wall street fat cat though lol
$5 is the threshold for a penny stock.
There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
It had been under $5 for almost a year, started jumping around $7-10, then dropped back down when the market crashed. It was around $3. It started jumping around $7-10, and then this happened.
Their Q4 earnings don't come out in Q4. Their Q3 earnings were whatever. Had nothing to do with that. It was the response to the shorts that caused the short squeeze.
If you are going to be forced to buy every share of a stock on a certain date regardless of price, you damn sure don't let anyone know about it or they will just run up the price for when you are forced to buy it.
This isn't market manipulation and it isn't rocket science, it's just one stupid faggot bragging about how smart he is(n't).
i agree talking about it just made it all worst. but honestly, shorting a volatile stock on the time of year where they make all their profits is retarded to begin with lol
It depends entirely on how the funds squeezed are funded. If they are made up of your 401ks, then basically you have paid money to someone to lose money for you. This does not appear to be the case for funds like Melvin Capital.
The other way is if the funds in question do a massive selloff elsewhere to cover for these losses. So you get hit by 2nd and 3rd order effects, as your other stock prices tank. This only happens of they reach a point where they need to raise cash instantly. I dont think this appears to be the case yet either, since the prime culprit, Melvin Capital just got bailed out.
The sudden interest in retail investing is the bigger indicator here. The optimism for "stonks" is bringing in folks from the sidelines, and the Fed's perpetual growth monetary policy is feeding the "stocks can't lose" sentiment. Plus, record low returns on debt moves even more people into equity products.
With US demographics, we have a large portion of the population that is dependent on equity investments to maintain their retirement. If that fails, many will (be forced to) return to the labor market on some capacity.
We're potentially looking at high inflation, high unemployment, loss of wealth in nominal and real terms, defaults on debt across the board. Funny thing is the the bail out is going to be worse than the bubble popping. The Great Reset is repackaged feudalism.
Trump didn't lock it down, dems did. Even an uncompromised judiciary would treat masks like pants, there's no winning there, there is no precedent for establishing a line. The vaccine is bullshit but it's what the karens wanted, blame your mom. But yes, our grandchildren will find it pathetic we were given a free tour of the capitol and we let rando anarchists trash the place.
Pumping up the stock value up to fuck over hedge funds that naked shorted gamestop’s stock. A naked short is where there isn’t enough stocks available to cover the short. Theoretically shorting a stock is illegal if you don’t cover the short to existing real stocks. In this case it’s wall street fuckery since the short contracts have more stocks than exist, so no way it’s possible the shorts are legal.
Reddit got together and started buying Gamestop’s stock to increase it’s value, this will fuck over anyone with a short contract big time.
in my defense, this was in 2014 after it had crested 1000 in its first ridiculous bubble. For context, bitcoin going to just $500 was considered by pretty much the entire bitcoin universe as "to the fucking moon", so $1000 was insane and literally no one knew wtf was happening. It immediately started falling and continued to fall for well over a year and I finally decided to sell when I needed some cash to buy a house on the assumption that nobody could possibly be stupid enough to send it back to $1000 ever again.
A year later I re-learned for the umpteenth time that you can never underestimate how stupid people can be.
Note I'm not saying Bitcoin is stupid, it's great, but the people that keep fad-buying it every time it makes a jump are retarded.
I had like 1200 stocks, but I sold to take money out of Robinhood. Cursed app. Webull took fucking forever to settle funds, so I took out the cash instead. Fuck Robinhood.
Oh yeah. Those brothers that try to short squeeze on Cramer's show should go to prison too. It's just that they fail most of the time and they don't get confirmation from viewers that they're going for it.
Do you really think 🤔 that a company shorting 140% of the shares of a company putting themselves in a very dangerous situation isn't working together with the other hedge funds to not be short squeezed?
of course, they're doing other things than trading this particular stock to as part of a strategy but nonetheless, GME gaping higher and looking like it will close strong wit another 100+% gain probably isn't a win for them! lol
Well,, it's not manipulation. All the investments being made are open, fair trades. A couple of hedge type funds got noticed trying to make huge $$ and lots of traders got in on it. Now the big money folks are crying.... Hhehehehehe
Not that I'm aware of. As long as it's not insider trading, anyone can talk about markets in a macro sense, they just can't give individual advice, because that falls under financial advice regulations and laws.
If what you're claiming is true, most stocks sites and blogs and streams would be illegal.
things are going to get interesting -- GME is not a one-off! Question is, are we seeing shorts getting out of some position to free up money to short more overvalued stocks?
A demonstration of just how corrupt everything really is: remember 2008, get ready for the financial world to take off their mask again? Why, because they can?
What we all should have learned is that:
Politicians are mostly corrupt
intelligence agencies are mostly corrupt
MSM is corrupt
judges are mostly corrupt
Law Enforcement can be corrupt
Lobbyists are corrupt
Financial institutions are corrupt
Science can be corrupt
Pharmaceuticals are corrupt
Every Institution is thoroughly corrupt in America. The only way to remove the filth is to start from the bottom and work our way up. Attend to local precinct caucuses, meet your local reps (they have more power than you think), attend Republican conventions. Take over the party, there is more of you than there’re of them.
They’re getting fucked by the retail investors. Don’t we know that they’re the ones who are supposed to be manipulating stocks. How dare the serfs try to make money by undermining our greedy short bets!
I saw a documentary on the market & retail purchasers are a tiny proportion. The vast majority of sales & purchases are made by supercomputers that carefully monitor stock values, calculate the probabilities of upward & downward price movement, then buying or selling millions of shares all in a microsecond. It's impossible for any class of buyers to get ahead of these AI investors, who make the vast majority of activity & profits.
I mean the guy who came out and claimed he was shorting was stupid to make that announcement public. I wouldn't be surprised if someone caught on to the retail buyers and whaled the stock seeing the hype train that followed.
Obama ran a fag shadow government from the basement to empower tranny's. Trump is running a tendie shadow government from his mansion to empower autists to fuck over his enemies in wall street.
The trick is, they have to make it under rules that are as fair and as neutral as humanly possible, and not do it just to save some hedge fund manager's ass.
Otherwise, world+dog will view NASDAQ with suspicion, since it will have shown itself to play favorites. This in turn drives investments away from NASDAQ, and towards NYSE, Nikkei, Hang Seng, DAX, LSE, and lots of other global competitors. Don't even have to mention competing vehicles like bonds, commodities, and etc.
The moment NASDAQ tries, will be the moment they'll find investors edging towards other markets.
PS: If you don't already own GME, you might want to think twice at this point since it's starting to drop in before-hours trading, which means the climb isn't glimbing as solidly now. Anyone buying in now will likely end up taking a bath when the bubble does pop (likely by Friday, if not today-tomorrow). Then again, as the saying goes, the market will always remain irrational for longer than you can stay solvent, so take anything I say with a block of salt.
This in turn drives investments away from NASDAQ, and towards NYSE, Nikkei, Hang Seng, DAX, LSE, and lots of other global competitors. Don't even have to mention competing vehicles like bonds, commodities, and etc.
Interesting that you left crypto completely out of your response.
If a couple hedge funds with big clout decide to make a move on a stock that's totally fine, but if some smaller traders chat about something, they can shut it down. There are two tiers to every aspect of our society.
The House always wins. Even if they have to change the rules to do it. They got beat at their own rigged game and they’re going to make you pay for it.
Some hedge fund manager decided to short game stop because its a shitty company and going out of business eventually. Short = make money on the way down. the more shares that are shorted the more pressure it puts on the stock to go down.
Reddit wall street bets got wind of this so everyone started to buy the stock, forcing these brokers to cover their shorts so they wouldn't lose more money ( I read 1 fund manager lost 4 billion over this), which means less shorts = higher price so it just skyrocketed from $4 last year to $350-375 today.
Looks like now there may be talk about shutting the trading down on this stock because of all the interest, but its completely legal. If they do shut down the trading it will scream favoritism towards hedge funds and people will stop investing in Nasdaq listed stocks or nasdaq itself thus they could start a downward spiral on the exchange.
Maybe these faggots should quit playing games with other peoples money. They just don’t like it when people other than them manipulate the market.
Maybe we should investigate and figure out why Nancy bought all that stock in Tesla at the most convenient moment? Maybe they should look around and realize the people on Reddit are doing exactly what the talking heads on TV do, they just don’t like the people on Reddit because they’re working against them.
It wasn't organic at all. It was a calculated strike by a competitor who strategically targeted someone and manipulated self-proclaimed 'retards' on a specific subreddit.
I doubt they thought it would work this well though.
“You must only receive information from our approved analysts and biz journos (gatekeepers) and you must only trade in synchronicity with that approved information”
-NASDAQ (people supposedly working to operate free markets)
Even funnier the guy tried to short GameStop to buy it at a cheaper rate and a bunch of fucking neck beards inflated cost of the stock. So he's stuck with the final cost since he borrowed those shares as a gurantee he'll pay for them. Funny as hell.
Yea, no shit. Its starting to look like that Biden-Regret is hitting. Nothing he is doing is helping the economic engine of the US. Just who is John Galt.
I hate to say it but yall are very wrong about this, we need to be in the stock market, we need to be the investor class to get the money to change the system. Getting out of the market for politics is just dumb.
Sure invest in companies you believe in and agree with but invest!
gotta hold out until friday, when their short expires. if it can stay high after friday, the hedge fund is on the hook for Friday's closing stock price.
Likewise. Days like this this make me want to pull it out and go all real estate or gold or something.
I’ve been holding a biotech company for years. Last Friday their drug got approved by the FDA; only drug in its class and 10% more effective than current therapies. It’s down 16 percent at least this week. Fuck this.
Someone with an axe to grind against a major hedge fund leveraged the power iof weaponized capitalist autists on Reddit (r/wallstreetbets) to raid an undervalued stock (Gamestop) that was being short sold.
That hedge fund is bleeding BILLIONS, and people are turning 10k investments into millions.
Gamergate and gamestop the gaming community at it again !!
What are they doing exactly?
Some moron hedge fund manager told everyone of his plan to short GME, which has low float and Reddit saw it and caused a short squeeze.
Gamestop stock has gone from $4 flat to $140+ as hedge fund managers and internet trolls are waging war against each other.
https://finance.yahoo.com/quote/GME
Shit it just blew up to $300 when the market just opened.
Now Robinhood and TD app are down.
My Robinhood app works fine. Was a little slow on the open this am tho. Like 40 bucks slow on buying GME.
Having trouble signing in tp TD.
Lol. Fuckin right pede.
Go Charles Schwab
TD === Charles Schwab
What. It was $150 yesterday. Lol. Lot’s of firms and funds on wall street are going to go belly up when their shorts are due on Friday.
He who sells what isn’t hizen buys it back or goes to prison.
Not for our oligarchy in clown world
It's currently at $310
Gamers: "Hey, this is even easier than Minecraft!"
Brokers: "You can't just manipulate the market like we do. I mean, you aren't skilled enough to do that sort of ..."
Gamers: "Stocks go BRRRR"
I actually had a broker try to tell me something like that early in the Dot.com boom when I was moving my account to E-Trade.
E-Trade fucking blows. Their app is buggy as fuck and they charge for trades. No thank you.
I really like your explanation. Thank you
this is one of the most glorious events i've seen. this is the january 6th of stock markets!
I like to think this is how things really work.
...now at $285, and struggling insanely hard to avoid dropping back down to this morning's low (so far) of $250.
The brief rise is the dead-cat bounce from the last-minute lemmings who cued in on the LinkedIn and CNBC coverage this morning, so if you ever needed a last-minute warning, this is likely it.
I bet the floor will drop out from under it by noon.
It's $374 now, you were wrong.
Was I? Keep watching.
Haha. You have no idea what you are talking about and should really rethink what you know about the world.
I originally said by Friday, but continue riding the dragon. Just be aware that you'll have to time it.
Good luck with that.
😳
Nah regular joes, who work 9 to 5s, who invest are waging war against hedge fund managers who are shorting stocks. Get it right.
The war against the rich has broken out into the stock market. It's fucking glorious.
The war against Globalists is what is breaking out.
Oy vey!
It's not a war against the rich, because their are some rich people in on the game. It is Populists against the Wall Street Swamp
this is fucking hilarious and glorious for once i'm so proud of gamers
Battletoads
no one remembers how insanely hard that game was.
I fucking remember.
Ghosts and Goblins was far easier.
That was some top tier trolling. They had game footage and everything.
lmao love it hope the hedge fund managers lose billions
it wasnt because of reddit that moron fucked up. He chose to short GME on a Christmas season where literally the only thing kids can do is play video games. Short interest on any stock is public information.
Its a good story to say the people beat some wall street fat cat though lol
Yeah but GME is shitty business. So its understandable.
That is why everyone is shocked. 100%+ for GME?
Well, 6,500% over the past six months, 100% today.
I saw something it was a penny stock, 40 cents.
But when I looked at the history chart its low seemed to be $4.
Am I missing something? Read an article a reddit dude Is multimillionaire as a result.
$5 is the threshold for a penny stock. There are now a few multimillionaires as a result of this swing.
I've requested the mods give us our own wallstreetbets.win address so that we don't have to keep going back to that cursed hellhole. The fact that WSB gets away with their language just shows that the banning of TheDonald was never about any of the comments made there.
Penny stocks are anything under $5.
It had been under $5 for almost a year, started jumping around $7-10, then dropped back down when the market crashed. It was around $3. It started jumping around $7-10, and then this happened.
I don't believe it ever dropped below $1.
It's a complex situation involving captive buyers. If you want to be part of history, buy a share and sell toward close on a Friday.
This is not financial advice, you may lose money, but this will be in text and history books.
that doesnt mean its fundamentally sound. Its gone down in EPS over the past three years. And I mean HUGE. Its not even a joke how much its gone down.
I made no comment on soundness, merely the facts of the stock movement.
Fundamentals are a moot point when dealing with a short squeeze.
eh short spikes in stocks are not much to do with the business model as a whole. the guy is just stupid to decide to short during xmas season
Look at that P/E tho
Their Q4 earnings don't come out in Q4. Their Q3 earnings were whatever. Had nothing to do with that. It was the response to the shorts that caused the short squeeze.
The short wasn't the mistake.
The mistake was talking about it.
If you are going to be forced to buy every share of a stock on a certain date regardless of price, you damn sure don't let anyone know about it or they will just run up the price for when you are forced to buy it.
This isn't market manipulation and it isn't rocket science, it's just one stupid faggot bragging about how smart he is(n't).
i agree talking about it just made it all worst. but honestly, shorting a volatile stock on the time of year where they make all their profits is retarded to begin with lol
4chan was also on it and they all had the price target of $1488
Not only that, but the short was over 100% of available stock.
Just make some rich people bankrupt
Nice.
Expect some brokers and traders to be jumping out of windows at tomorrow's closing.
TL:DR: Ancaps beat the Ancoms in actually hurting Billionaires.
It depends entirely on how the funds squeezed are funded. If they are made up of your 401ks, then basically you have paid money to someone to lose money for you. This does not appear to be the case for funds like Melvin Capital.
The other way is if the funds in question do a massive selloff elsewhere to cover for these losses. So you get hit by 2nd and 3rd order effects, as your other stock prices tank. This only happens of they reach a point where they need to raise cash instantly. I dont think this appears to be the case yet either, since the prime culprit, Melvin Capital just got bailed out.
Didn't they just get bailed out but then jumped right back in?
From the looks of it, yes. But they told CNBC thet got out, however trackers still indicate GME stock is overshorted.
Then absolutely positively they shouldn't cry about a taxpayer funded bailout.
The sudden interest in retail investing is the bigger indicator here. The optimism for "stonks" is bringing in folks from the sidelines, and the Fed's perpetual growth monetary policy is feeding the "stocks can't lose" sentiment. Plus, record low returns on debt moves even more people into equity products.
With US demographics, we have a large portion of the population that is dependent on equity investments to maintain their retirement. If that fails, many will (be forced to) return to the labor market on some capacity.
We're potentially looking at high inflation, high unemployment, loss of wealth in nominal and real terms, defaults on debt across the board. Funny thing is the the bail out is going to be worse than the bubble popping. The Great Reset is repackaged feudalism.
As opposed to the already coming disaster?
Boomer retirement funds? Are these the same boomers who let gubmint run unchecked for 50 years?
Trump didn't lock it down, dems did. Even an uncompromised judiciary would treat masks like pants, there's no winning there, there is no precedent for establishing a line. The vaccine is bullshit but it's what the karens wanted, blame your mom. But yes, our grandchildren will find it pathetic we were given a free tour of the capitol and we let rando anarchists trash the place.
Pumping up the stock value up to fuck over hedge funds that naked shorted gamestop’s stock. A naked short is where there isn’t enough stocks available to cover the short. Theoretically shorting a stock is illegal if you don’t cover the short to existing real stocks. In this case it’s wall street fuckery since the short contracts have more stocks than exist, so no way it’s possible the shorts are legal.
Reddit got together and started buying Gamestop’s stock to increase it’s value, this will fuck over anyone with a short contract big time.
essentially Reddit trolled the economy.
2014: Zoe Quinn fucks Nathan Grayson from Kotaku to get him to cover her shitty indie game.
2021: Gamers are waging war against Wall Street and they're winning.
This timeline can be downright surreal at times.
It's a thing of beauty, isn't it?
Tons of short positions must have been margin called by now. NASDAQ cucks will probably call circut breaker shortly.
I hate when that happens. I had tons of stock in vax companies sold mid level before they blew up due to covid. What regret.
I bought 5 grand worth of bitcoin at $30 and sold it at $280 for a down payment on a house.
I hate myself more every day
Oh man, that hurt me just reading it
yeah
in my defense, this was in 2014 after it had crested 1000 in its first ridiculous bubble. For context, bitcoin going to just $500 was considered by pretty much the entire bitcoin universe as "to the fucking moon", so $1000 was insane and literally no one knew wtf was happening. It immediately started falling and continued to fall for well over a year and I finally decided to sell when I needed some cash to buy a house on the assumption that nobody could possibly be stupid enough to send it back to $1000 ever again.
A year later I re-learned for the umpteenth time that you can never underestimate how stupid people can be.
Note I'm not saying Bitcoin is stupid, it's great, but the people that keep fad-buying it every time it makes a jump are retarded.
I had like 1200 stocks, but I sold to take money out of Robinhood. Cursed app. Webull took fucking forever to settle funds, so I took out the cash instead. Fuck Robinhood.
I gave away over 100 bitcoin on a tip bot 10 years ago.
Shieet, son. Mormons stole 7 of mine like 7 years ago.
Ouch
You poor bastard.
Is that like a water main break?
It's already down $64 since open - methinks the bubble popped.
that would be illegal! There is NO law that prohibits people from discussing stocks!
There are laws against stock manipulation.
sure are == the same laws Wall Street finds way around by "chattering" on TV
Oh yeah. Those brothers that try to short squeeze on Cramer's show should go to prison too. It's just that they fail most of the time and they don't get confirmation from viewers that they're going for it.
its the market -- there SHOULD be risk for everyone!
Do you really think 🤔 that a company shorting 140% of the shares of a company putting themselves in a very dangerous situation isn't working together with the other hedge funds to not be short squeezed?
of course, they're doing other things than trading this particular stock to as part of a strategy but nonetheless, GME gaping higher and looking like it will close strong wit another 100+% gain probably isn't a win for them! lol
I've always wondered if the Cramer's of the world actually fail or if their entire niche is that they're paid to give people wrong advice.
Well,, it's not manipulation. All the investments being made are open, fair trades. A couple of hedge type funds got noticed trying to make huge $$ and lots of traders got in on it. Now the big money folks are crying.... Hhehehehehe
Breaking news: FBI is now investigating everyone on Wall Street Bets
WallStreetBets.Win when?
Someone bought the domain for it a little while back (I checked)
I hope they start doing something with it soon
I'm sure those are fairly and equally enforced.
Not that I'm aware of. As long as it's not insider trading, anyone can talk about markets in a macro sense, they just can't give individual advice, because that falls under financial advice regulations and laws.
If what you're claiming is true, most stocks sites and blogs and streams would be illegal.
Oh sure, tell the people who own the financial institutions that something is illegal. I'm sure they'll care.
lol tru tru
No laws... so far.
things are going to get interesting -- GME is not a one-off! Question is, are we seeing shorts getting out of some position to free up money to short more overvalued stocks?
A demonstration of just how corrupt everything really is: remember 2008, get ready for the financial world to take off their mask again? Why, because they can?
What we all should have learned is that:
Every Institution is thoroughly corrupt in America. The only way to remove the filth is to start from the bottom and work our way up. Attend to local precinct caucuses, meet your local reps (they have more power than you think), attend Republican conventions. Take over the party, there is more of you than there’re of them.
America has a long, rich history of corruption. Check out how the railroads got connected.
This. I'm just trying to get mine. It's dog eat dog out here.
Its scared
They’re getting fucked by the retail investors. Don’t we know that they’re the ones who are supposed to be manipulating stocks. How dare the serfs try to make money by undermining our greedy short bets!
But could retail investors alone have this much of an impact? Gotta think there is at least some institutional money behind this squeeze.
Yes. Someone is stealing money and using retail investors as a cover.
I saw a documentary on the market & retail purchasers are a tiny proportion. The vast majority of sales & purchases are made by supercomputers that carefully monitor stock values, calculate the probabilities of upward & downward price movement, then buying or selling millions of shares all in a microsecond. It's impossible for any class of buyers to get ahead of these AI investors, who make the vast majority of activity & profits.
The short was 140% of available float. Yes retail investors can have this much impact, that is what this is showing.
I mean the guy who came out and claimed he was shorting was stupid to make that announcement public. I wouldn't be surprised if someone caught on to the retail buyers and whaled the stock seeing the hype train that followed.
The bums lost lebowski.
You're not allowed to have a president of your choosing, and you certainly aren't allowed to purchase stock and fuck over hedge funds.
All a bunch of crooks.
Obama ran a fag shadow government from the basement to empower tranny's. Trump is running a tendie shadow government from his mansion to empower autists to fuck over his enemies in wall street.
I love this summation.
Wtf they are even allowed/capable of doing so?
Sadly, yes.
The trick is, they have to make it under rules that are as fair and as neutral as humanly possible, and not do it just to save some hedge fund manager's ass.
Otherwise, world+dog will view NASDAQ with suspicion, since it will have shown itself to play favorites. This in turn drives investments away from NASDAQ, and towards NYSE, Nikkei, Hang Seng, DAX, LSE, and lots of other global competitors. Don't even have to mention competing vehicles like bonds, commodities, and etc.
The moment NASDAQ tries, will be the moment they'll find investors edging towards other markets.
PS: If you don't already own GME, you might want to think twice at this point since it's starting to drop in before-hours trading, which means the climb isn't glimbing as solidly now. Anyone buying in now will likely end up taking a bath when the bubble does pop (likely by Friday, if not today-tomorrow). Then again, as the saying goes, the market will always remain irrational for longer than you can stay solvent, so take anything I say with a block of salt.
i made 20k in a day one of my best plays ever
Hope you pulled the D-Ring last night - GME is in free-fall right now.
i bought yesterday morning i sold almost 1h ago
Buy the dip, retards
I sold and then it went back up 40 a share. Super annoying
Don’t kick yourself,
You’re up
That’s all that matters
Too late, now I'm down 30 lol
Will the 10#+ cutting board sized block of pink Himalayan salt I somehow ended up with do?
Maybe, but GME is already down by $64 and dropping like a rock.
I suspect the party is over.
Oh yeah, it was never anything I was going to get into. That's not how I roll.
thats what it look like
Melvin Cap closed up shop and the interest might be gone. But dont quote me.
...down by almost $100 now (feck - I just refreshed).
Looks like the crush is on.
Interesting that you left crypto completely out of your response.
You can file it under etc with the rest of the competing vehicles; I left it out because Crypto is collectively not a market, but a currency.
Yet the networks host people all day long shilling stocks.
Remember when Bill Ackman went on Bloomberg to cry on TV, to seal up a multi-billion dollar trade on coronavirus?
Fuck the media. Fuck wall street. Always changing the rules to protect themselves.
They can, and will, try to stop us. They will try with every tool at their disposal.
Their biggest weapon is the fact that we can't even name them. Once that wall is breeched, their fortress will collapse.
This is beautiful. People are waking up to the fact that they do not - and have not for a long time - live in a free society.
This is point-fucking-blank rules-for-thee, none-for-me bullshit.
Conflict is inevitable.
Well put man. With everything going on recently conflict is inevitable. The genie is out of the bottle.
If a couple hedge funds with big clout decide to make a move on a stock that's totally fine, but if some smaller traders chat about something, they can shut it down. There are two tiers to every aspect of our society.
what the fuck? just because gamestop is going up like a rocketship?? lol
Some jerkoffs on reddit are trading stocks for a video game company?
SHUT IT DOWN!
The power of the internet is beautiful - and scary.
Because the owners have lost control. Just like with Trump.
The solution? Shut it down.
They just rejected my purchase of AMC stock because of wall street bets chatter. They won't let the common man fuck them back...
I don't get how that can be legal. The swamp is an ocean.
Where did you find out AMC was the next target?
BlackBerry is also the next target.
https://archive.is/4SyCm
Damn. That is absolutely fucking bonkers.
Of course not.
We fucked them with Trump too. See how that worked out?
Robinhood.
What the fuck is the difference between what these people are doing and what the banks do regularly
The ability to fight in court with millions of $ worth of lawyers.
And industry insiders at the SEC.
Banks are part of the club. You aren't.
Never should have bailed out the banks.
We are in a covid government sponsored economic crisis and wall street is shorting companies into bankruptcy to make some cash
tax the rich.
“Free market”
Corporations are a tool of FASCISM.
Prove me wrong.
They can’t halt it forever
They don't need to they only need to keep it high until the short positions come due.
Part of me is Kicking myself in the ass for not having GameStop stock. But I would of never considered that shit company
That's usually bow it goes. A lot of times it's just luck.
Somebody tipped me off luckily.
Made 200%~ but now I'm out.
The House always wins. Even if they have to change the rules to do it. They got beat at their own rigged game and they’re going to make you pay for it.
HAHAHAHA they are certainly losing sleep over this and they are CERTAINLY fucked if autists hold the line
Can someone eli5?
Some hedge fund manager decided to short game stop because its a shitty company and going out of business eventually. Short = make money on the way down. the more shares that are shorted the more pressure it puts on the stock to go down.
Reddit wall street bets got wind of this so everyone started to buy the stock, forcing these brokers to cover their shorts so they wouldn't lose more money ( I read 1 fund manager lost 4 billion over this), which means less shorts = higher price so it just skyrocketed from $4 last year to $350-375 today.
Looks like now there may be talk about shutting the trading down on this stock because of all the interest, but its completely legal. If they do shut down the trading it will scream favoritism towards hedge funds and people will stop investing in Nasdaq listed stocks or nasdaq itself thus they could start a downward spiral on the exchange.
Thank you very much. I read on the thread for awhile but couldnt quite figure what was up. Appreciate it fren!
Hahahaha YESSSSS!
They've already started shutting it down through retail brokerage firms.
Just another red pill.
https://greatawakening.win/p/11SK7FwXlD/shall-we-play-a-game--gme-/c/
https://www.youtube.com/watch?v=4EUbJcGoYQ4
The fixers don't like it when the game is played against them.
Well, is nice to be able to screw with these schmucks without even having to risk a penny then isn't it.
WE LOVE THE STOCK! WE LOVE THE STOCK! WE LOVE THE STOCK!
Also, Gamers Rise Up!
this shit is crazy - i have never shorted a stock in my life, but at some point this will turn into free money, no?
don't underestimate them, I wouldn't short this stock, safer to buy it, best to stay away.
Maybe these faggots should quit playing games with other peoples money. They just don’t like it when people other than them manipulate the market.
Maybe we should investigate and figure out why Nancy bought all that stock in Tesla at the most convenient moment? Maybe they should look around and realize the people on Reddit are doing exactly what the talking heads on TV do, they just don’t like the people on Reddit because they’re working against them.
Use Signal
Why do hedge funds get a bail out for their greed and mistakes but we just take it on the chin when we do the same. Fucking joke
“They” don’t like it when “others” rig the system.
Let's just take the Internet down. If it exists only to spy on us it's time to go back to payphones.
RH tards aren't allowed to win, so they have to stop the rigged game so that hedges can win.
This is what Americans call a free market?
It's only ok for us to fuck artificially with stocks. You pleebs can't come together organically and impact stocks!!!
It wasn't organic at all. It was a calculated strike by a competitor who strategically targeted someone and manipulated self-proclaimed 'retards' on a specific subreddit.
I doubt they thought it would work this well though.
More organic than hedge funds or the AI trading algorithms.
“You must only receive information from our approved analysts and biz journos (gatekeepers) and you must only trade in synchronicity with that approved information” -NASDAQ (people supposedly working to operate free markets)
What am I missing here?
Big hedge funds were betting that Game Stop stock would go down so a bunch of people started buying and caused it to blow up instead.
Even funnier the guy tried to short GameStop to buy it at a cheaper rate and a bunch of fucking neck beards inflated cost of the stock. So he's stuck with the final cost since he borrowed those shares as a gurantee he'll pay for them. Funny as hell.
Yea, no shit. Its starting to look like that Biden-Regret is hitting. Nothing he is doing is helping the economic engine of the US. Just who is John Galt.
I hate to say it but yall are very wrong about this, we need to be in the stock market, we need to be the investor class to get the money to change the system. Getting out of the market for politics is just dumb.
Sure invest in companies you believe in and agree with but invest!
gotta hold out until friday, when their short expires. if it can stay high after friday, the hedge fund is on the hook for Friday's closing stock price.
Market is sliding down. My portfolio is probably will be minus 100K today.
Likewise. Days like this this make me want to pull it out and go all real estate or gold or something.
I’ve been holding a biotech company for years. Last Friday their drug got approved by the FDA; only drug in its class and 10% more effective than current therapies. It’s down 16 percent at least this week. Fuck this.
go all in on gold.
Volatility is still relatively cheap.
Always think about inverse ETFs to hedge.
Possibly from the exposed short sellers liquidating their other holdings to cover their contracts.
Free markets are great, Trump is horrible for imposing tariffs on our Chinese friends. Also fuck you for using the free market. -Wall street probably
It'd be too bad if everyone abandoned social media so the powers that be might have a little bit less control.
Complete BS. Literally depriving the peasants from getting any crumbs.
Chat bots AWAY!!!
They seem to have handed us the keys to the kingdom. Time to organize the stock market posting system. WE ARE IN CHARGE NOW!
If stock trading was actually based on reality, I could see a some merit in this.
But since it is all based on feefees, and stupid bullshit, this is stupid
Enjoy your studio apartment and UBI.
Imagine what happens if there would be an additional 1400$ stimulus check. There would be even more people doing this. And it's beautiful.
But using software to high frequency trade and steal from the little guys is fine. Eat a bag of dicks
Is this Bloomberg idiot's son?
Can someone explain what this story is to me?
Someone with an axe to grind against a major hedge fund leveraged the power iof weaponized capitalist autists on Reddit (r/wallstreetbets) to raid an undervalued stock (Gamestop) that was being short sold.
That hedge fund is bleeding BILLIONS, and people are turning 10k investments into millions.
Fire
hedgers made a deal for more stock than exists for Gamestop and are therefore forced to pay to buy shares which are now hella expensive.
Hell yeah, the people screwed Wall Street on their plans to short Game Stops stock.
IT is ok when the FED does it, but not when retail does it.