I don't even get the play here, the purpose of the people doing the gamestop thing is to fuck with them, closing the market is more enticement than a threat imo.
Nah, the purpose of them buying the stock is because hedge fund managers were shorting the stock and causing average investors to lose money during a time when many are out of work. It is a flex of will, money, and numbers. Moreover, it will force the SEC to regulate hedge fund managers who are culprits behind recent crashes, but who are consistently given taxpayers money to bail them out.
Exactly; the people doing this are mostly people doing it because they can do it. Halting the market is just further encouragement it's having the intended affect.
Only some people are allowed to say things.
Not the other people.
What do you mean that creates classes of people and literally imposes a class system? Do you want to lose some of your social credits or something?
Someone needs no monitor WSB and post good shit there I have a Robinhood and made good returns during the first Covid crash following the good shit on there. They have decent insight and get in on pump and dumps.
I stopped and put all extra money into Ammo crypto and gold. But scraping intel off WSB we could do even better than them because feggit is all libtards they miss stuff that doesn’t line up with groupthink.
I don't have stock in the game but I can give you a quick explanation.
Hedge fund managers (people that get paid to invest money from clients, retirement funds, etc) have been targeting struggling companies like GameStop (GME), BlackBerry (BB) among others using shorts (sometimes in illegal ways).
The magnificent retards at r/wallstreetbets found that the GME stock was so shorted that there were more short calls than stocks available (this is basically illegal, or at the most, very unethical). To teach these greedy hedge fund guys a lesson, all of WSB has basically banded to buy as much GME stock as possible.
Because of the law of supply and demand, the GME stock has been going up and up. When you are shorting a stock, you have to borrow stock (at an interest) and be able to cover your position. Because of this, you will only win money when the stock goes down since you can make profit of covering your position when the stock devalues. This also means that if the stock actually goes up, you will have to spend money to borrow the stock and spend even more money to cover your position with the costlier stock so you will start to lose money quickly.
You know what is funny? When you do trading or investment the normal way, the most that you can win is infinite money (as stocks have no limit to how much the grow) and the most that you can lose is 100% of the amount of money that you have invested. But when you are shorting, the dynamics reverse like a mirror, the most that you can win from a short is 100% of the money that you invest but the most that you can lose is INFINITE FUCKING MONEY. That is right, there is no limit on how much money you can lose while shorting.
This arrogant hedge fund managers won't stop shorting the stock for some reason and have even gone to the point on taking loans from other hedge funds in order to cover their positions but as the WSB retards keep buying stock and increasing the price, their hedge fund managers' position evaporates again and they have to inject more money.
The hedge fund's short calls expire this Friday, so if the WSB retards can keep this obscene inflation of the stock until after trading hours on Friday, the hedge fund managers will officially have to declare for bankruptcy next Monday.
Don't let anyone (media included) manipulate you into thinking that r/wallstreetbets are the bad guys. The bad guys are the hedge fund managers that are coercing these struggling companies into bankruptcy through unethical and sometimes illegal short calls.
If you fuck around with the common folk long enough, you will find out in a horrible and hilarious way
ALSO: This is no financial advice and I am not a professional financial advisor. This is just speculation and commentary of current events in the stock market.
Do they not realize that they just said 'Hey "__ __ __ __ __" with hundreds of thousands of bots on Reddit, here's how you can totally screw our stock markets!'
I mean I don't understand how these morons can be in the PR positions they are without having to go through at least a basic FREE OPSEC class.
if the NASDAQ is just going to threaten to take the toys away, perhaps THE PEOPLE need to threaten to take NASDAQ away
I don't even get the play here, the purpose of the people doing the gamestop thing is to fuck with them, closing the market is more enticement than a threat imo.
Nah, the purpose of them buying the stock is because hedge fund managers were shorting the stock and causing average investors to lose money during a time when many are out of work. It is a flex of will, money, and numbers. Moreover, it will force the SEC to regulate hedge fund managers who are culprits behind recent crashes, but who are consistently given taxpayers money to bail them out.
prob would be seen that way!
Wallstreetbets is the 4chan of wallstreet
Exactly; the people doing this are mostly people doing it because they can do it. Halting the market is just further encouragement it's having the intended affect.
Absolutely nothing done has been illegal.
If NASDAQ and SEC do anything to influence this the game is 100% openly rigged.
The elites don't like seeing the plebs with any power.
that's literally how stocks are affected though, through public discussion... so if the wrong people say the wrong things, they lock up shop?
Score another for crypto...
Only some people are allowed to say things.
Not the other people.
What do you mean that creates classes of people and literally imposes a class system? Do you want to lose some of your social credits or something?
just wait - they’ll use buzz words like “terrorist attack” or “cyber terrorism” to get their way...if they haven’t already.
economic terorrism
but is totally fine to make false reports on the TV that crash the market
CNN called it a side effect of “Trumpism”
"Charles Schumer denounces Doorstop InsurErection"
If there was ever a reason for Congress to Revoke Sect. 230 this will be the fire that lights under their asses. Money ALWAYS motivates.
r/Wallstreebets may be looking for a new home. The over lords are pissed that peasants are making money.
Wouldn’t it be funny if this is what kills retarddit
Id love for them to come here and r/gundeals
However, institutional investors may chatter amongst themselves as much as they desire. Rules for me, and worse rules for thee.
Illegal?
So anyone with access to bots can control the market just like the front page of Reddit.
BIG TECH FLEXING ON YOUR MARKETS
Bitcoin it is then.
This is great.
Lets “chatter” about big tech stocks
Get them all frozen, everyone panic sells because they see us fucking with them
Stonks go down, we haha 4eva
Someone needs no monitor WSB and post good shit there I have a Robinhood and made good returns during the first Covid crash following the good shit on there. They have decent insight and get in on pump and dumps.
I stopped and put all extra money into Ammo crypto and gold. But scraping intel off WSB we could do even better than them because feggit is all libtards they miss stuff that doesn’t line up with groupthink.
I moved to the Atlas Trading discord and haven’t looked back.
There are some great resources for technical analysis and it teaches you actual strategies. Free too.
My portfolio has gone up 30% since.
Link?
Try this: https://atlas-trading.net/
How does one join?
sOciAL mEdiA cHaTTeRs
Good! Shut it all down!
That gives me a good idea. We should start fucking with Nasdaq.
Can someone with stock in the game tell me what the hell is up?
I don't have stock in the game but I can give you a quick explanation.
Hedge fund managers (people that get paid to invest money from clients, retirement funds, etc) have been targeting struggling companies like GameStop (GME), BlackBerry (BB) among others using shorts (sometimes in illegal ways).
The magnificent retards at r/wallstreetbets found that the GME stock was so shorted that there were more short calls than stocks available (this is basically illegal, or at the most, very unethical). To teach these greedy hedge fund guys a lesson, all of WSB has basically banded to buy as much GME stock as possible.
Because of the law of supply and demand, the GME stock has been going up and up. When you are shorting a stock, you have to borrow stock (at an interest) and be able to cover your position. Because of this, you will only win money when the stock goes down since you can make profit of covering your position when the stock devalues. This also means that if the stock actually goes up, you will have to spend money to borrow the stock and spend even more money to cover your position with the costlier stock so you will start to lose money quickly.
You know what is funny? When you do trading or investment the normal way, the most that you can win is infinite money (as stocks have no limit to how much the grow) and the most that you can lose is 100% of the amount of money that you have invested. But when you are shorting, the dynamics reverse like a mirror, the most that you can win from a short is 100% of the money that you invest but the most that you can lose is INFINITE FUCKING MONEY. That is right, there is no limit on how much money you can lose while shorting.
This arrogant hedge fund managers won't stop shorting the stock for some reason and have even gone to the point on taking loans from other hedge funds in order to cover their positions but as the WSB retards keep buying stock and increasing the price, their hedge fund managers' position evaporates again and they have to inject more money.
The hedge fund's short calls expire this Friday, so if the WSB retards can keep this obscene inflation of the stock until after trading hours on Friday, the hedge fund managers will officially have to declare for bankruptcy next Monday.
Don't let anyone (media included) manipulate you into thinking that r/wallstreetbets are the bad guys. The bad guys are the hedge fund managers that are coercing these struggling companies into bankruptcy through unethical and sometimes illegal short calls.
If you fuck around with the common folk long enough, you will find out in a horrible and hilarious way
ALSO: This is no financial advice and I am not a professional financial advisor. This is just speculation and commentary of current events in the stock market.
Excellent explanation. Can you get Margot Robbie to read it while in a bathtub?
Thanks. I’ve been needing a good explanation.
Thanks!
What happened?
The question is. How can we use this to our advantage?
They have the plant, but we have the power. - Lisa Simpson's song
Do they not realize that they just said 'Hey "__ __ __ __ __" with hundreds of thousands of bots on Reddit, here's how you can totally screw our stock markets!'
I mean I don't understand how these morons can be in the PR positions they are without having to go through at least a basic FREE OPSEC class.
Reddit might crack down on r/wallstreetbets over this. They might need a .win domain to keep the party going.
This should really open the eyes of many. They've already blamed foreign powers, Trump, "folks on Reddit who speak crassly"...
Everyone but themselves. Fucking disgusting snakes.
YEA!!!
BUY PUTS