With all the rumblings from disgruntled “professionals” at hedge funds, I wouldn’t be surprised to see regulatory crackdowns on retail traders in the very near future. It will be paraded as a “the market is too complicated, we can’t let people make their own risky decisions and lose money (and certainly not at the cost of elitist hedge funds).”
That will very quickly be followed (or in tandem more than likely) with crackdowns on retail trading social media like wallstreetbets. We will also likely see the Twitter/Facebook cabals silence retail traders to “avoid market manipulation.” Trading will be manipulated and halted to protect hedge funds from retail squeezers.
This trade has been reversed because it has been deemed harmful to the greater good. Citizens who are not members of protected classes are not allowed to obtain financial freedom.
The gains from this trade have been deducted from your electronic account, along with penalties and fees as specified by The President's Executive Order.
I remember back in the early days of Robinhood and WSB, Robinhood "allowed" their users/"investors" to make some incredibly risky "investments" on margin because their app didn't account for everything and they didn't seem to have humans doing sanity checks on transactions. It was kind of like letting monkeys run a nuclear power plant on their phones.
They often play fast and loose with truth on WSB, and the positions posters claim to have gotten themselves into often seem to defy reality, so who knows what really happened, but:
If I remember right, a noob user woke up to a margin call for more than should have been possible and was crying "woe is me". After thoroughly hazing them, the denziens of WSB applied their autistic powers to the situation and gamed a way to multiply their Robinhood margin allowance to spectacular amounts.
This went on for a week or two before Robinhood executives came to their senses (or, as I liked to say during those heady days, "Pulled up their pants and sent the prostitutes home.") and ended the game of "musical margins". A few users who used this leverage to profit got caught when the music stopped and Robinhood took their gains because reasons.
If anyone has links to a better version of the story, please post it. It was pretty exciting when it was happening. Seems like this is something The Internet Historian should have covered.
Probably not. Messing around with the SEC is pretty serious stuff.
A lot of those rules were put in place with good intentions and well thought out analysis. The fact that the big money guys have bastardized the game doesn't matter to the Regulators.
they will never in a billion years do that for a couple reasons, one: the lottery is a tax on the poor, and two: China LOVES gambling and peddles it to its own citizens extensively. It's also pushed into literally every mobile game they produce/rip off from other legit content creators.
Loot boxes in all forms are a fucking plague. There are way too many people everywhere who will happily say "the boxes just for cosmetics, that's fine, there's nothing wrong with that." They're all a problem and should be banned completely.
Imagine telling the nanny government you keep all your money under a mattress.
"What the!?!? You put...!?!? How irresponsible!!! How reckless!!! That's it I'm taking all of your money right now and you're going to learn how to properly manage it!!!!!"
I was sold on playing the long game when my physics professor of all people gave a lecture one day about exponential growth, and mentioned it also pertains to retirement accounts.
He had the class salivating at the millions of dollars they could have...in 55-60 years.
In a similar boat. I bought AMC at $2.13 a week or two ago, purely speculative on my part, it was at a low point and I figured with COVID restrictions easing it was a long term bet that it would go up... but I was not expecting a jump like this.
Now I am in the position of wondering when to sell. I originally had an order to sell at $20 but cancelled it. I've seen some saying hold till next week, after the GME stuff dies down, but not sure. I don't think it will do what GME did by any means, but I have heard some say $100 is possible.
The talking heads at the media are some of the dumbest people on the planet. Someone got wind of the chatter on wallstreetbets, wrote up a story about it because they don't understand how short selling works (I can confirm the media are morons, trust me, loads of these dbags were reporting a "GME rally" that was "perplexing" to investors before someone told them that its a short squeeze.). Then they pass the story around with zero individual confirmation of the story by each outlet.
One "reporter" vomits some garbage on a page about space aliens mind controlling investors on Wall Street and 500 more copy and paste the story to get clicks on the internet. Not one second of research of confirmation is done.
Watch CAKE. Has a reasonably high SIR of 9 days and 25% of the total float is sold short. There is linear upward momentum in the stock price. At some point, the price will hit risk prevention limits for institutional short sellers, and huge wads of stock will be bought to cover these positions. The price will go parabolic before crashing again. That is IF the price gets high enough to trigger one of these events. I think it will, and it 100% could because it happens all the time. The more garbage the company is, the harder it is short sold, and the more unrealistic upward momentum in the price is, the more panic is induced in the short sellers during the squeeze and the higher the price will skyrocket before crashing back down. Watch CAKE, I bet it will do a little short squeeze soon. Might be wrong. Took a tiny position in it days ago just to see what happens.
You exit when you made a comfortable stack of money. Don't get greedy. Don't pay attention to the price, where you think it could go. Cash out when you hit 30%, 50%, 100%, whatever suits your risk tolerance, and do not shed a single tear if it keeps going 598365% more and you missed out. Because it will CRASH below where you sold it. Thats how a short squeeze works.
I'm up 30% on a daytrade on BB today. I think it will keep going tomorrow. But I'm cashing out. I like BB as a company and think they have future promise, but I'm not playing with this market.
I will be surprised if GME doesn't start crashing by tomorrow. Company is shit, squeeze is one of the biggest I've seen in my life, it can't go on much longer. Momentum will die and the sell off will be glorious.
No shit. Our Pharma Bro did more good than harm. His investors didn't loose a penny. He never should have asked for a lock of Hillary's hair to run a DNA analysis on.
Land will always hold value, you just have to think harder to find out what and where that value is. Farmland? Maybe he will sell to China. Maybe everythings been being so polluted by chemtrails and gmos that very soon no land will grow crops except protected areas. Or maybe its just an elitist dog whistle, like Barrack owning vineyards.
If he's doing it, there is a reason. Never think these people are stupid, evil? Absolutely. Stupid? no.
Farmland will always have both relative and absolute value.
(So long as regulations permit it to be used!)
It will always have value.
And producing food will always have use.
The tech lords are looking to make society neo-feudal.
Of course they're going to want to be landholders.
You can only print money when it's backed by growth, but people don't seem to get that (i.e. the amount of debt doesn't matter in the slightest, only the amount relative to GDP). Technically, if we were to cut most government funding, it could live off the excess printing that is required to reach the 2% inflation target. You would just not collect taxes, stop loaning out the extra, and all the excess money that needs to be printed would go toward government salaries and contracts.
Yeah, but it is a viable idea, ironically. The government ran on tariffs before income tax, we could just stop lending out the extra dollars we print out and make the government run on it instead. It would curb spending, and incentivize the government to encourage local growth (which would increase their funding since it's percentage based).
To keep the people on a leash. Normies are afraid of the IRS. The IRS can decide that you aren’t paying your property taxes and even take your land away. Taxes are simply a mechanism to oppressed the people. It’s a mental game.
In a debt-based system, yeah. I remember studying gold standard based economics, which is completely different. Much more intuitive. Debt-based economics are meant to be counterintuitive to entrap average people.
I would but your team crashed the system to get him out of office before he could get all of our industry moving back. You know, so we can work our way out of this instead of letting your people continue to send capital to the aristocracy in Europe, and our adversaries abroad.
My team? I literally support Trump and voted for him twice. I also donated heavily to his campaign both times, including for the legal defence. I even donated to outside organizations focusing on stopping the steal.
Yeah except my comment on moving industry back to the US already made your point moot. You ignored it because you either don't understand Trump's policies or you have another agenda.
The uniparty in America consists of Chinese and European agency more than American civilian constituency. Trump addressed this many times and put into layman's terms: we are the piggy bank. Your policy of sending money from poor people in America to wealthy people abroad needs to end.
Trump could have vetoed every single one of those budgets, and shown strength by forcing them to cut spending. Instead, he signed every single one of them.
RINOs? Not even them are to blame, despite the fact there's only 5 Rinos left in the Senate and about a dozen in the House. It's the fault of the Democrats and their big spending proposals.
Spending and debt doesn't matter, it only matters in relation to growth. The budgets weren't an issue pre-holocough because other economic policies had the country booming.
You like when he told Rs to stop sending him massive spending bills? You sound like a liberal asking why hasn't Trump come out against Nazis, KKK, and racism while ignoring the dozens of times he's done exactly that.
I'm old enough to remember the record-breaking government shutdown when Trump tried to get funding for the wall. He only needed a few billion. Imagine the shutdown if he tried to get Congress to actually pass a balanced budget.
It was unfortunate. My theory is that he knows ending that "stimulus through government spending" would wreck the economy. Maybe this is because he wanted to kick the can down the road. Maybe it's because he really did plan on creating tons of construction jobs. Seattle is all out of bridges that work. Don't get my started on their highways. But since he never did, I'm not sure what to think about that.
In any case, it's assumed that a large cut in spending would show -- definitely in the GDP and probably crash the economy.
I don't know, I'm sure there were dozens of reasons. But to suggest he didn't speak out against them is just ignorant. None of that means the reasons were good though.
He did come out against it and he did veto it. Don’t you remember the government shutting down? He had no good options but worked hard to take the least worse.
who cares? why should people play by the rules when the Democrats have shown the country that the rules don't matter?
We need to line up 4 years of these kinds of disruptions. Make the Dems time in office a living hell with peaceful, civil disobedience and by using our sheer number to influence markets and infrastructure.
We need to become very difficult citizens, while not doing anything illegal and keeping things peaceful. Also, no more gatherings that can be targeted by bad actors. Let's hit them where it hurts instead.
We just saw an election where the UniParty counted voted in the dead of night with no one watching, then certified the winner in the dead of night with no one watching, and swore in the puppet surrounded by military and barbed wire fencing with no one watching.
We need to hit the uniparty globalists where it hurts - their pocketbooks. Boycotts of woke companies aren't the answer there either, but moves like this GME short-squeeze are. We need to strategize more ways to bankrupt billionaires.
I realize we can't directly promote illegality here, however people are currently being arrested for attending a protest. How is that staying peaceful and not doing anything illegal going to work out?
Gatherings are good for us though. They help people realize just how many of us there are, they allow us to make connections, and in-person communication can't be censored.
That's not the point though. We just have to hold through Friday I believe to utterly fuck at least two massive hedge funds. Holding is super easy as well, buy a gme share, hold the share, sell after said hedge funds get obliterated by their own greed.
I would highly recommend selling enough shares that if the stock dropped to zero you would still break even (eg, if you bought $1000 worth, sell $1000 worth now). The professional hedge fund traders have lots of connections and many ways to destroy individuals. Don't become a statistic.
i assume a lot of retail investors that are just jumping on this wagon will be left holding the bag, as other institutional investors take an extremely appealing short position at these insane and artificial prices. Yes the guys shorting at $8 a share were slaughtered, but the guys shorting at $300 a share are gonna come and feast on everyone.
I mentioned something similar in another thread, only to have two morons pop in and scream 'ha-ha you were wrong and you suck!' an hour later because the snapshots they took were suddenly higher.
It's volatile as shit right now, with a ~$130 swing (so far) since opening. I believe it's at peak, and anyone who buys in now is gonna get raped, no matter how slow the fall might be.
Won't people lose, at maximum, the amount they used to buy the stock, and nothing more?
And if they put up an amount they were ready to lose, they'll be holding the bag, but their losses would be limited to what they put it.
yes, a pure market order is just limiting them to the amount they invested. the shorts are potentially on the hook for an unlimited downside. But still, people just need to be aware that this is extremely volatile
A lot of this action, like anything WSB driven, is done using options and other derivatives. Stocks are just the smaller top of the iceberg you can see above water.
This YouTube channel goes over the basics. They have a lot of entry level content on options.
Investopedia is also a good resource for looking up any terms you're unfamiliar with (which will be a lot).
This YouTube channel is good for seeing the results of options (the very good and the very bad) through other people.
Either way, get a TD ThinkOrSwim practice (paper money) account and practice there for a while. You will guaranteed Hiroshima your own money if you skip this step.
First learn about what options are, how they are different from stocks and how they relate to underlying equities. Then learn how they work (the Greeks, just search that). Then apply what you've learned to your practice account.
Don’t have to. You just arrest the “ringleaders,” so if I was a mod on /r/wallstreetbets I would be finding transportation to a country without an extradition treaty at the moment.
This was a $5 billion troll. Bernie Madoff territory. You don’t take that amount of money from the “financial elite” and expect the SEC to sit back and do nothing. Especially when the rise in value was completely artificial.
Somebody is gonna get fucked here, and I’m just glad it’s not gonna be me.
There is a lot of history to point to. Panic is one of the strongest of human emotions. It doesn't step down, you'll see market makers move there positions away and if there are no buyers? Watch it drop. The shorts end up being the only buyers.
Yeah, shorts will be the only buyers. That's what I meant by "as positions close out." That activity will be enough to cause a gradual step down rather than a crash all at once... feel free to revisit this in six months and ask me where I got my crystal ball.
Given the size of GME, this is actually pretty interesting. A group of people could literally just wait out the short sellers. This is pretty unique.
A new short seller enters the mix? Guess what? You need to pay funding costs on your short, you can't hold it forever. This is a pretty interesting wrinkle. Theres rules against individual hedge funds taking large positions in individual stocks without passing through certain regulatory filings/hurdles, but not a group of retail traders. This is literally historic.
People keep trying to say that they had donated to planned parenthood when in actuality, they donated to Susan G Komen foundation which then donated to planned parenthood if I recall
This, but stay on GME until Monday morning. 'They' are trying to distract from GME's specific short with appealing alternatives to minimize the downside. I'm not falling for it.
Some hedge fund decided to short game stop and needed to buy back stock to cover their short today.
So some internet folk banded together to temporarily manipulate gamestop's stock to be higher, driving the stock up several hundred percent due to lack of liquidity.
From the early news coming out, the hedge fund has bought enough stock, but lost multiple billions.
A lot of people are saying that news is fake, and they're just trying to scare the retail traders away because the stock is still massively shorted and they don't want to lose more.
While the hedge fund play is interesting, I think the REAL focus should be the Washington political class. They have to make financial disclosures, which means we know where they are placing their bets. If I’m not mistaken, Pelosi just placed a bet on Tesla right before Biden announced his EV initiative. These people have set it up so they can go to DC and get wealthy. Some of them very wealthy. If you take away their inside advantages... who knows what could happen. The beauty of this is, we don’t need to rely on judges, legislatures, DOJ, SEC, or any executive branch. We have direct impact.
It’s difficult to do, and I don’t fully understand how those buying shares for this purpose plan to exit their positions without a significant loss. My guess is that if they figured out how to do this, they have figured that out too. But appreciate their desire to take one for the team.
Interesting is a good word. It would be interesting to see what would happen if their gravy trains were cutoff. It’s bad enough they have figured out how to rig elections against us. But add to that the wealth they build on the backs of us and this country... I’ve always believed follow the money is a great philosophy. If the money stops, what will they do?
Why would they exit their positions at a loss. If you bought Gamestop anywhere from 20-100 you have 150 dollars the shares, or more, and get out with profit.
With the way this place acts, we'll never take our country back. Everyone will boycott voting, allow the Democrats to take everything from then, and then talk about some revolution that they've been talking about for the past 20 years.
I wish people would actually DO SOMETHING instead of complaining and whining.
And we want to talk about it and encourage others to do the same.
Problem is it's often the dumb stuff that goes viral and gets sent to the top.
I think a lot of the "I'll never vote again!" crowd will eventually calm down though. Especially if we can pull off some action with state legislatures. It may be too late to help Trump now, but it's not too late to help the movement.
By taking care of it at the state level, where it needs to be. Arizona is making strides.
Instead of whining about it, you should be holding these states' feet to the fire. Bug Arizona. (First, because they seem the most likely to do something useful.) Bug Michigan. They're also feeling the heat. Bug Wisconsin, Pennsylvania, Georgia, New Mexico. Remember those same lists people kept pulling up of state legislators? Dig them up again! Use them!
Sorry, I will never vote Republican ever again. Creating a third party is the right move, and if Trump doesn't do that then it shows he doesn't understand enough about politics to effectively fight the fight that is needed. He was the best president we ever had because of his economic and social philosophy, but he couldn't hold it because he wasn't able to navigate the political sphere.
I'd say a smarter move would be try to primary the RINOS out of the republican party first, because that's more likely to succeed, and then if that fails vote third party and let the RINOs fry.
I'm working with several state legislatures, starting with Nevada, to stop using electronic voting machines. I'm also donating heavily to grassroots conservative movements.
You are absolutely right, I know posts like mine get buried underneath the shear weight of fantastic memes, news, “happenings”, etc but for a week now that’s exactly the type of action myself and other pedes have been pushing for.
So many of us have just accepted defeat, that voting doesn’t matter and that we’re all doomed. You know what? Yea, voting might not matter right now, but does that mean we simply stop planting seeds of liberty altogether? We absolutely must start retaking the culture by cultivating new institutions that are run owned, and operated by God Fearing, America Loving Patriots.
We had the greatest builder of our lifetimes be our president, and now a bunch of us want to just disregard everything we’ve been taught? It’s time to make the next steps, Fight Like Trump, and build our way out of this mess. It starts local, but ends with the deletion of fortune500 companies and the evolution of MAGA500 companies.
I bought them all. Nokia, BlackBerry, AMC, Gamestop. Money is just made out of thin air so why can't I have some. This motherf*cking train doesn't stop.
Because not only is it at $330 right now, holding onto it for a week when the hedge fund is legally required to buy it up later means you are fucking them over
I’m down with fucking the hedge fund, but in all probability this isn’t going to stay this high for much longer than it takes to force them to cover shorts.
So then you have to sell to keep your profits and pay short term gains or run the risk of holding the bag.
Seems like a dangerous way to make a few bucks is all I’m saying.
A big investor bet that a stock would go down, and they orchestrated giant sales in order to make it so.
It was so profitable that they sold more stock than was even available, which is super-greedy, but not unusual. But we found out.
When you sell a stock expecting it to go down, you are required to buy it back at some point. But because we found out, we bought all the stock there was to buy.
And now, they’re super pissed because we’re playing keep-away with the stock they HAVE to buy- and we’re using Reddit to warn each other about the shady bulk sales and scare tactics they’d normally use to get us to sell.
So as long as we stick together, they’re going to keep losing money, and the price they have to pay keeps going up.
There is no limit to how much money they can lose if we all agree not to sell. So now they’re going on TV and using words like “collusion”, and “fraud” to justify some legal intervention because we’re doing to them what they normally do to us.
Shorts don't expire. You can short a stock as long as you can pay the borrow cost.
If you buy puts or sell calls creating a "short position", then those contracts have an expiration date. Melvin can maintain that position as long as they want up to expiration as long as they put up additional money for margin calls.
The price they pay is relative supply and demand. If there is not a lot of stock left to borrow, the % goes up. Right now, GME costs 50-250% to borrow. Those new shorts can’t hold their positions for long.
Incorrect 140% of the total stock for Gamestock is being shorted by hedge funds (which should be impossible to borrow more stock than exists) so WSB decided to buy a ton of stock so they can't sell it back for a profit and would have to buy it back at their price because they have literally no other option if enough people buy in and hold long enough in theory the gains are infinite
The short squeeze will end eventually. I'd rather fight back bidding up the price of something that has more value. If Gamestop goes bankrupt, creditors are first in line for scraps. Common stock shareholders are last.
Also look at the trading volumes of gamestop each day this week. Multiply that by the average of the high and low prices. That's billions of dollars changing hands. WSB guys are not pushing this, they are just riding a wave. It's a battle of institutional investors. The media want to pretend the little guys are even having any kind of effect at all. It's just hype.
I guarantee you they're gonna try to make doing this in the future illegal and throw people in jail for it. Wallstreetbets will be deplatformed soon too.
Can't have the plebs learning to do what hedge fund assholes do every day.
Okay, so now that we know how it's done, how can we work this to our advantage? Can we use to go after companies that are "woke" ? Honest question, because I don't understand the market
Part of the reason I love our movement so much is that we’re creative and random. The Politicians literally play by a playbook- we can see it coming from a long ways off. We can get creative at finding different ways to stab at them though and with more flexibility, which is amazing!
Some hedge fund decided to short game stop and needed to buy back stock to cover their short today.
So some internet folk banded together to temporarily manipulate gamestop's stock to be higher, driving the stock up several hundred percent due to lack of liquidity.
From the early news coming out, the hedge fund has bought enough stock, but lost multiple billions.
This here is the difference between posting cartoon frogs until your candidate is fucked up the ass and you're dragged off to prison by the speaker of the house - and real online autists causing real damage to real assholes and the media that supports them as much (if not more) than the DNC.
If you want to put the hurt on this illegitimate govt., WATCH AND LEARN.
I’ve been checking out Zero Hedge, they have posted some of the top on terms of short interest companies. Also micro-cap stocks with large short positions if autist band together could potentially become overnight millionaires per the Zero Hedge author.
His company is Bain Capital....he buys up american companies, destroys them, and sends the work to china....cocaine mitch owns shipping companies....another target.
Some in the financial media now trying to call the Autists NAZI’s, and comparing them to the “ Domestic Terrorists” that stormed the Capital. HOW DARE WE CHALLENGE THE NEW YORK BILLIONAIRES!
This is a great time to remind all of us pedes it’s no time to roll over and die. It’s time to fight back and recreate our beloved American institutions. So many of you have given up, won’t vote again, and are done with politics at a local and federal level. Don’t you see that’s how the commies win? Through shear demoralization they can get their way.
We need to plant our seeds of liberty so that our children can be shaded by her greatness. We need to rebuild, we need to learn from GEOTUS that American ingenuity knows literally no bounds. We must let the old institutions crumble under the weight of their own rot. And while that happens new MAGA Enterprises sweep the nation and take hold.
People blaming trump for spending when over half of his deficit contribution was due to covid, which the Dems and globalists made up to force him out of office?
EXPR (the next GME AND AMC) was also halted numerous times today. Up 323% for the day.
Let's keep pumping this!!! Let the short's fail. They are purposely stopping the trades so the shorts can scramble and try and cover. Let send it to $20. Trigger more shortt's HOLD THE LINE!
From my understanding a couple hedge funds massively shorted GME(gamestop). People at r/wallstreetbets found out about this and are buying GME in order to fuck these hedge funds.
Massive shiort squeeze. Large percentage of outstanding shares were borrowed to sell short. Buyers appeared drove it up forcing shorts to buy and they got fucked hard
A bunch of people on reddit are not doing this. Individual investors participated, sure, but this is caused by the conditions surrounding the stock when the buying started, not the buying itself. Individual investors simply cannot move prices enough to trigger this, it is large institutional trades that trigger the chaon reaction. The stock was too heavily shorted, and had extremely rare unicorn short squeeze conditions that were absolutely extreme. You can't get together with buddies on the internet and do this to just any stock. It has to be set up for the "panic buying" like GME was.
Look at tilray in 2019. That is what will happen to gamestop, but worse. Gamestop is a garbage, garbage company that will cease to exist in the near future. This is a short squeeze. Big short selling hedge funds got their borrowed shares called back, forcing massive chunks of buying which sends the price skyrocketing, spooking more short sellers and forcing more shares sold short to be called back or panic-bought. GME is such hot garbage, it is crashing "up" in spectacular fashion and the plummet in a day or two will be just as spectacular. A lot of money will be made when GME comes crashing back down and the big hedge funds will be fine.
This is all normal. Identifying potential short squeezes is one of my favorite investing methods, and I tripled my money in hours when it happened to TLRY, and sold immediately to lock it in. TLRY is a dead stock now. I identified BB about a year ago and am very happy with that one too, about to close that position any minute.
Gamestop is not a "revolution." The big short funds will be fine, and gamestop will go back to being shit in a few days.
The dolts at Wall Street bets were pissed some hedge fund manager was shorting GameStop (GME) . So they conspired and executed a plan to drive him out of bizness by buying up the stop. It went from $15 to over $300 a share. One kid has made millions.
I can understand the sentiment, but having a market where the price of stocks is completely divorced from underlying fundamentals and driven instead by the whims of social media influencers is not good. I don’t think the crumbling of the integrity of the US capital markets is something we should celebrate.
Thats not it at all, the manipulation has been going on for years by short sellers. Here is a pretty good vid about it - its from monday, but same stuff applies now:
https://youtu.be/4EUbJcGoYQ4
That is all the stock market has ever been. One company releases a quarterly statement and the entire industry rises or falls as a result? That is divorced from fundamentals, but is par for the course.
A wall street dude was playing a stock game that will have him benefit off of other peoples loss, while also driving the cost of Gamestop stocks down. (short selling)
The internet said "fuck you" and started buying the gamestop stocks, making the price skyrocket. (short squeeze)
This means that the wall street dude lost billions (he was betting on the stock falling, not rising) and the internet people who bought in early got millions (justice)
Something else I learned: apparently when they play this game (short selling) theyre required to eventually buy back the stocks they "sold short".
But now all the internet kids own the stocks, and arnt selling them back to the wall street guy. So the wall street guy is in legal trouble and theyre trying to use the media to intimidate the internet kids to sell back.
Basically a group of people picked a heavily shorted stock and bought all the shares up causing a short squeeze, forcing the hedge funds to cover their short position at a huge loss.
If anyone is playing this crazy shit through options... look at retail etf XRT instead. Will also crash hard but premiums are a little more reasonable.
Short Selling of Stocks is inherently evil anyway.
Fuck the Short Sellers, they get what they deserve.
Someone check Romney's hedge funds for their Shorts.
I'll sign up to Robin Hood myself, for that.
communities.win needs a wallstreetbets community ASAP.
With all the rumblings from disgruntled “professionals” at hedge funds, I wouldn’t be surprised to see regulatory crackdowns on retail traders in the very near future. It will be paraded as a “the market is too complicated, we can’t let people make their own risky decisions and lose money (and certainly not at the cost of elitist hedge funds).”
That will very quickly be followed (or in tandem more than likely) with crackdowns on retail trading social media like wallstreetbets. We will also likely see the Twitter/Facebook cabals silence retail traders to “avoid market manipulation.” Trading will be manipulated and halted to protect hedge funds from retail squeezers.
Cue Ayn Rand’s Anti-dog-eat-dog rule..
The motor has already stopped. We are just along for the ride.
THIS TRADE CANNOT BE EXECUTED BECAUSE IT HAS BEEN DEEMED POTENTIALLY HARMFUL.
This trade has been reversed because it has been deemed harmful to the greater good. Citizens who are not members of protected classes are not allowed to obtain financial freedom.
The gains from this trade have been deducted from your electronic account, along with penalties and fees as specified by The President's Executive Order.
Freedom is unsafe, therefore we cannot allow you to obtain financial freedom, for the safety of you and others.
Robinhood has already done this to someone they allowed to trade on margin IIRC
I remember back in the early days of Robinhood and WSB, Robinhood "allowed" their users/"investors" to make some incredibly risky "investments" on margin because their app didn't account for everything and they didn't seem to have humans doing sanity checks on transactions. It was kind of like letting monkeys run a nuclear power plant on their phones.
They often play fast and loose with truth on WSB, and the positions posters claim to have gotten themselves into often seem to defy reality, so who knows what really happened, but:
If I remember right, a noob user woke up to a margin call for more than should have been possible and was crying "woe is me". After thoroughly hazing them, the denziens of WSB applied their autistic powers to the situation and gamed a way to multiply their Robinhood margin allowance to spectacular amounts.
This went on for a week or two before Robinhood executives came to their senses (or, as I liked to say during those heady days, "Pulled up their pants and sent the prostitutes home.") and ended the game of "musical margins". A few users who used this leverage to profit got caught when the music stopped and Robinhood took their gains because reasons.
If anyone has links to a better version of the story, please post it. It was pretty exciting when it was happening. Seems like this is something The Internet Historian should have covered.
Praise satoshi for bitcoin!!!
Yes, but remember, the blockchain isn't private.
Praise Satoshi for making Bitcoin Open Source!
THIS TRADE IS RACIST
Multiple sources have called this trade differently!
You have no standing to make this trade.
This trade has been deboooooonked.
It's all over but the crying. It's a good year to learn bushcraft and farming
Just bought a farm. Better than stocks for sure.
Truth. We're coasting downhill fast.
Get to the countryside and get self-sufficient before it all crumbles into dust.
Musk's Gulch is on Mars.
Poor Dan Conway
The SEC will soon issue a rule that it's illegal to give unsolicited stock recommendations online without a securities license.
Problem solved, in their eyes.
I suspect we'll figure a way around that as well.
Could we just issue a blanket solicitation for all stock recommendations offered in good faith by members of our online stock information community?
Probably not. Messing around with the SEC is pretty serious stuff.
A lot of those rules were put in place with good intentions and well thought out analysis. The fact that the big money guys have bastardized the game doesn't matter to the Regulators.
This is a dangerous game.
Haha, here's some advice for nobody here: leveraged puts are a tad risky, dipshits.
You mean leverage actually works both directions? Who would have guessed?
So you’re saying I should leverage GME calls?
"Do your own due diligence. Nothing I have said may be interpreted as a recommendation to purchase or sell securities."
My legally mandated response.
Which is blatently in violation of the first amendment and the unelected lawmakers will make it without issue.
The clearnet is not a free place. Everything will need to move to darknets to continue.
We need to move to untraceable usernames
Unless it’s state sponsored!
they will never in a billion years do that for a couple reasons, one: the lottery is a tax on the poor, and two: China LOVES gambling and peddles it to its own citizens extensively. It's also pushed into literally every mobile game they produce/rip off from other legit content creators.
Woohoo loot boxes! Woo!
Loot boxes in all forms are a fucking plague. There are way too many people everywhere who will happily say "the boxes just for cosmetics, that's fine, there's nothing wrong with that." They're all a problem and should be banned completely.
Asian people in general just love gambling. I think Japan invented the "Gacha" slot machine mechanics that China later ripped off.
Imagine telling the nanny government you keep all your money under a mattress.
"What the!?!? You put...!?!? How irresponsible!!! How reckless!!! That's it I'm taking all of your money right now and you're going to learn how to properly manage it!!!!!"
Its already happening. I wasnt allowed to open a vertical spread on GME yesterday because of "unprecedented risk" or something.
AMC was also frozen.
You can now. I wanted to buy at $5 but got in at $14
I got in at $3.48, now at $16.73. Wondering how soon until I should sell...
Don't be greedy take the profits and run. I've made this mistake to many times.
I was sold on playing the long game when my physics professor of all people gave a lecture one day about exponential growth, and mentioned it also pertains to retirement accounts.
He had the class salivating at the millions of dollars they could have...in 55-60 years.
It's at about $18 now. What's a good number to sell you think? I was thinking $20 but don't want to wait until it's too late...
In a similar boat. I bought AMC at $2.13 a week or two ago, purely speculative on my part, it was at a low point and I figured with COVID restrictions easing it was a long term bet that it would go up... but I was not expecting a jump like this.
Now I am in the position of wondering when to sell. I originally had an order to sell at $20 but cancelled it. I've seen some saying hold till next week, after the GME stuff dies down, but not sure. I don't think it will do what GME did by any means, but I have heard some say $100 is possible.
I mean what's the downside of selling now? I can see the downside of holding it.
Sell half. That way you guarantee some profits, and you're then playing with "House Money" on the rest of it.
Good point - I’ve been following for a bit and the stuff going on behind the scenes is infuriating.
Regulatory circuit breakers are pretty common.
Yeah but do they specifically mention the reddit sub wallstreetbets? First time Ive seen that.
The talking heads at the media are some of the dumbest people on the planet. Someone got wind of the chatter on wallstreetbets, wrote up a story about it because they don't understand how short selling works (I can confirm the media are morons, trust me, loads of these dbags were reporting a "GME rally" that was "perplexing" to investors before someone told them that its a short squeeze.). Then they pass the story around with zero individual confirmation of the story by each outlet.
One "reporter" vomits some garbage on a page about space aliens mind controlling investors on Wall Street and 500 more copy and paste the story to get clicks on the internet. Not one second of research of confirmation is done.
Watch CAKE. Has a reasonably high SIR of 9 days and 25% of the total float is sold short. There is linear upward momentum in the stock price. At some point, the price will hit risk prevention limits for institutional short sellers, and huge wads of stock will be bought to cover these positions. The price will go parabolic before crashing again. That is IF the price gets high enough to trigger one of these events. I think it will, and it 100% could because it happens all the time. The more garbage the company is, the harder it is short sold, and the more unrealistic upward momentum in the price is, the more panic is induced in the short sellers during the squeeze and the higher the price will skyrocket before crashing back down. Watch CAKE, I bet it will do a little short squeeze soon. Might be wrong. Took a tiny position in it days ago just to see what happens.
What time we thinking it goes parabolic. I’ve got diamond hands but do want to know the right exit.
You exit when you made a comfortable stack of money. Don't get greedy. Don't pay attention to the price, where you think it could go. Cash out when you hit 30%, 50%, 100%, whatever suits your risk tolerance, and do not shed a single tear if it keeps going 598365% more and you missed out. Because it will CRASH below where you sold it. Thats how a short squeeze works.
I'm up 30% on a daytrade on BB today. I think it will keep going tomorrow. But I'm cashing out. I like BB as a company and think they have future promise, but I'm not playing with this market.
I will be surprised if GME doesn't start crashing by tomorrow. Company is shit, squeeze is one of the biggest I've seen in my life, it can't go on much longer. Momentum will die and the sell off will be glorious.
The problem is I could use this information to short Robinhood stock.
But then that would become a prime candidate for this kind of activity.
It’s wild.
The real problem is, and has been the ability to short but they would never have the guts to target that kind of institutional activity.
God forbid we have an easy and ethical solution which improves the world for everyone.
I miss Robinhood crypto chatrooms
What happened?
P&d paradise
They will definitely do something. I haven't seen kvetching this intense. They’re certainly pissed off.
I reckon Reddit will be banning the community very soon.
Bring them into the .win fold. There is no financial advise they're all retarded.
“We can remain retarded longer than they can remain solvent!”
I'm stealing that quote pede
Me too!
FREE SHKRELI
No shit. Our Pharma Bro did more good than harm. His investors didn't loose a penny. He never should have asked for a lock of Hillary's hair to run a DNA analysis on.
Make a Wallstreet bets dot win, go over there and spread the word before they get shut down.
Someone has already bought WallStreetBets.win so hopefully they will join in
The two communities would get along well.. almost too well. Like stick it in the butt well.
I was just wondering the other day why there was no finance page.
Id like to see a motivation/discipline page for self improvement type stuff
I think people can just request those at community.win. Can they not?
Just make one, and they will come.
Or even just a broader investing community
Yes please!!
Okay but GME will crash hard. Very hard very soon. Economics doesn’t work like this. It can short term but will be back at $6 in a month.
Economics doesn't work like this, either.
https://usdebtclock.org/
Why don’t we just print out more money 🤡
“Brilliant!” -Joepedo lurking
Why do you think Bill Gates is shifting to real assets like farmland?
Land won’t hold its value once they kill all the people that would buy it.
China wants to turn us into a colonial holding. They’ll send their own to farm it.
They are already sending their own workers into European companies they own.
Land will always hold value, you just have to think harder to find out what and where that value is. Farmland? Maybe he will sell to China. Maybe everythings been being so polluted by chemtrails and gmos that very soon no land will grow crops except protected areas. Or maybe its just an elitist dog whistle, like Barrack owning vineyards.
If he's doing it, there is a reason. Never think these people are stupid, evil? Absolutely. Stupid? no.
Farmland will always have both relative and absolute value. (So long as regulations permit it to be used!) It will always have value. And producing food will always have use.
The tech lords are looking to make society neo-feudal.
Of course they're going to want to be landholders.
Yea we are heading to major trainwreck. I am emptying my stocks for hard assets.
I’m thinking sailboat and good fishing gear. Zombies can’t swim.
Neither can Charlie!
Buy bags of silver coins. If you need it in your hand and all you have is paper saying you own it, goodluck getting if you need it
Lead is a precious metal.
30 of them is good for paying off Vice-presidents
I have a connection in town for silver quarters.
gold bars under the bed
Serious question, if the stock market crashes hard, would that be a good time for people who have never invested before to invest?
Yea, but the crash coming is going to be 5 times worse than 2008. We never really recovered from it in the first place.
That's a yes?
If we can just print more money for more spending, why do we need taxes?
You can only print money when it's backed by growth, but people don't seem to get that (i.e. the amount of debt doesn't matter in the slightest, only the amount relative to GDP). Technically, if we were to cut most government funding, it could live off the excess printing that is required to reach the 2% inflation target. You would just not collect taxes, stop loaning out the extra, and all the excess money that needs to be printed would go toward government salaries and contracts.
I think he was being facetious
Yeah, but it is a viable idea, ironically. The government ran on tariffs before income tax, we could just stop lending out the extra dollars we print out and make the government run on it instead. It would curb spending, and incentivize the government to encourage local growth (which would increase their funding since it's percentage based).
To keep the people on a leash. Normies are afraid of the IRS. The IRS can decide that you aren’t paying your property taxes and even take your land away. Taxes are simply a mechanism to oppressed the people. It’s a mental game.
This is the best question I have ever heard !
That's exactly how economics does work tho lol
Wanna get rid of a debt? ACTIVATE INFLATION!
PRINTER GO BBRRRRRRRRRRR
In a debt-based system, yeah. I remember studying gold standard based economics, which is completely different. Much more intuitive. Debt-based economics are meant to be counterintuitive to entrap average people.
Yes but today? We're entrapping 'them'. The whole market is a sham and we all know it - we are using it against the Elite now.
In the end, it's not about the money.
It's about sending a message.
'Everything burns'.
This was actually Trump's stated plan, and what he put into action.
And I disagreed with it then too.
Edit: also disagreed with paying people more money than what they normally earned to sit at home.
It's all play money. The umm international bankers have found every avenue to squeeze money out of thin air.
touche'
Nah a bunch of leftist economists said it would be fine so we’re just going with it.
I would but your team crashed the system to get him out of office before he could get all of our industry moving back. You know, so we can work our way out of this instead of letting your people continue to send capital to the aristocracy in Europe, and our adversaries abroad.
My team? I literally support Trump and voted for him twice. I also donated heavily to his campaign both times, including for the legal defence. I even donated to outside organizations focusing on stopping the steal.
"if you vote for somebody you have to like everything they do!" -Libertarians and fuckwads everywhere
You voted for Jo Jorgensen and What is Aleppo?
Libertarians are fake and gay.
I was told by his supreme leader that Libertarians are actually domestic terrorists. Is that true?
90% libertarian friends. All neglected to vote cuz of the bump stock debacle. My real world experience. Sorry if that disagrees with you specifically.
Libertarianism is fake and gay.
Source former fake and gay libertarian
Isnt that what people on here were doing? I got banned for questioning Trumps abysmal picks and 2a stances. No muh lolbertarians involved.
Muh bump stock
Oh, sorry I did not realize you were pro-debt. So then: thank you President Trump.
This massive spending from Trump and Congress has been great for the massive banks: it's driving up inflation, clearing out their own corporate debt.
Yeah except my comment on moving industry back to the US already made your point moot. You ignored it because you either don't understand Trump's policies or you have another agenda.
The uniparty in America consists of Chinese and European agency more than American civilian constituency. Trump addressed this many times and put into layman's terms: we are the piggy bank. Your policy of sending money from poor people in America to wealthy people abroad needs to end.
So what, we just let all the people who lost they're jobs and businesses die because they don't have any money? What the fuck do you want from us?
People here like to eat each other at the first sign of dissenting opinion. It's a problem
Thank Congress*
Trump could have vetoed every single one of those budgets, and shown strength by forcing them to cut spending. Instead, he signed every single one of them.
Wouldn't have been that easy with how many shits in Congress voted for it. I hated it too, but the RINOs were being RINOs
RINOs? Not even them are to blame, despite the fact there's only 5 Rinos left in the Senate and about a dozen in the House. It's the fault of the Democrats and their big spending proposals.
5 RINOs left? WTF? McConnell, Thune, Rubio, Graham.....and MANY more
idiot statement. Are you 20?
Look harder... these spending bills would have passed because there were enough gop support to make them veto proof
Spending and debt doesn't matter, it only matters in relation to growth. The budgets weren't an issue pre-holocough because other economic policies had the country booming.
The system has been gone for a long time, hence the global bankers trying "The Great Reset"
You think the president alone is responsible for spending?
Why didn't he veto any of this spending? Why didn't he come out against it?
You like when he told Rs to stop sending him massive spending bills? You sound like a liberal asking why hasn't Trump come out against Nazis, KKK, and racism while ignoring the dozens of times he's done exactly that.
Why didn't he veto those bills? Why?
I'm old enough to remember the record-breaking government shutdown when Trump tried to get funding for the wall. He only needed a few billion. Imagine the shutdown if he tried to get Congress to actually pass a balanced budget.
How about you ask all of those people who needed help because of "Muh covid lockdowns"
Because even if he did, they had enough support to where it could be circumvented.
It was unfortunate. My theory is that he knows ending that "stimulus through government spending" would wreck the economy. Maybe this is because he wanted to kick the can down the road. Maybe it's because he really did plan on creating tons of construction jobs. Seattle is all out of bridges that work. Don't get my started on their highways. But since he never did, I'm not sure what to think about that.
In any case, it's assumed that a large cut in spending would show -- definitely in the GDP and probably crash the economy.
I don't know, I'm sure there were dozens of reasons. But to suggest he didn't speak out against them is just ignorant. None of that means the reasons were good though.
He did come out against it and he did veto it. Don’t you remember the government shutting down? He had no good options but worked hard to take the least worse.
.. his goal was to destroy FED's privately owned, fiat currency printing press, by overloading their fiat system with debt. He succeeded.
Sorry, this doesn’t make logical sense. Who is going to be hurt the worst in a full fiat/currency collapse?
Hint: not the elites. Ref: Venezuela
Trump was pro-working class, pro middle class. That is who will be absolutely destroyed in a currency collapse.
He was ok with printing money because there is NO WAY OUT of this.
Buy gold, bitcoin, property...any scarce assets that can’t be created out of thin air. And then buckle your seatbelt.
He succeeded in step 1 but not the rest.
So, Obama and Bush did that as well?
Here's the overview..(minus "Q" shit of course) https://dinarrecaps.com/our-blog/trump-ends-the-fed-as-we-know-it
who cares? why should people play by the rules when the Democrats have shown the country that the rules don't matter?
We need to line up 4 years of these kinds of disruptions. Make the Dems time in office a living hell with peaceful, civil disobedience and by using our sheer number to influence markets and infrastructure.
We need to become very difficult citizens, while not doing anything illegal and keeping things peaceful. Also, no more gatherings that can be targeted by bad actors. Let's hit them where it hurts instead.
Exactly.
We just saw an election where the UniParty counted voted in the dead of night with no one watching, then certified the winner in the dead of night with no one watching, and swore in the puppet surrounded by military and barbed wire fencing with no one watching.
Fuck 'em.
Off with their heads!!!
We need to hit the uniparty globalists where it hurts - their pocketbooks. Boycotts of woke companies aren't the answer there either, but moves like this GME short-squeeze are. We need to strategize more ways to bankrupt billionaires.
I realize we can't directly promote illegality here, however people are currently being arrested for attending a protest. How is that staying peaceful and not doing anything illegal going to work out?
Gatherings are good for us though. They help people realize just how many of us there are, they allow us to make connections, and in-person communication can't be censored.
Absolutely this.
That's not the point though. We just have to hold through Friday I believe to utterly fuck at least two massive hedge funds. Holding is super easy as well, buy a gme share, hold the share, sell after said hedge funds get obliterated by their own greed.
I made a killing today and I'm holding until Friday at least
💎👐🚀🚀🚀🚀🚀🚀
You have not made anything until you sell it ... It's more about the laugh than actually for profit.
I will sell it before it all crashes
not as easy as it sounds but good luck ! :)
I would highly recommend selling enough shares that if the stock dropped to zero you would still break even (eg, if you bought $1000 worth, sell $1000 worth now). The professional hedge fund traders have lots of connections and many ways to destroy individuals. Don't become a statistic.
Be sure to enter a very high sell order so the brokerage can't lend your shares to shorty.
It won't crash hard... it will step down over time as positions close out. How new to this are you?
i assume a lot of retail investors that are just jumping on this wagon will be left holding the bag, as other institutional investors take an extremely appealing short position at these insane and artificial prices. Yes the guys shorting at $8 a share were slaughtered, but the guys shorting at $300 a share are gonna come and feast on everyone.
This.
I mentioned something similar in another thread, only to have two morons pop in and scream 'ha-ha you were wrong and you suck!' an hour later because the snapshots they took were suddenly higher.
It's volatile as shit right now, with a ~$130 swing (so far) since opening. I believe it's at peak, and anyone who buys in now is gonna get raped, no matter how slow the fall might be.
How likely is that to happen again
It can happen hen hedge funds short 140% of a stock
Exactly this. They got too greedy, and there isn't enough stock on offer to cover the short.
The squeeze hasn't even happened yet
Won't people lose, at maximum, the amount they used to buy the stock, and nothing more?
And if they put up an amount they were ready to lose, they'll be holding the bag, but their losses would be limited to what they put it.
(But it's totes not gambling /s)
yes, a pure market order is just limiting them to the amount they invested. the shorts are potentially on the hook for an unlimited downside. But still, people just need to be aware that this is extremely volatile
A lot of this action, like anything WSB driven, is done using options and other derivatives. Stocks are just the smaller top of the iceberg you can see above water.
Where is the best place to learn about options and derivatives?
Not WSB lol
This YouTube channel goes over the basics. They have a lot of entry level content on options.
Investopedia is also a good resource for looking up any terms you're unfamiliar with (which will be a lot).
This YouTube channel is good for seeing the results of options (the very good and the very bad) through other people.
Either way, get a TD ThinkOrSwim practice (paper money) account and practice there for a while. You will guaranteed Hiroshima your own money if you skip this step.
First learn about what options are, how they are different from stocks and how they relate to underlying equities. Then learn how they work (the Greeks, just search that). Then apply what you've learned to your practice account.
Thank you. TD Think or swim looks awesome but I don't have an account with them.
Cant arrest millions of people
Don’t have to. You just arrest the “ringleaders,” so if I was a mod on /r/wallstreetbets I would be finding transportation to a country without an extradition treaty at the moment.
This was a $5 billion troll. Bernie Madoff territory. You don’t take that amount of money from the “financial elite” and expect the SEC to sit back and do nothing. Especially when the rise in value was completely artificial.
Somebody is gonna get fucked here, and I’m just glad it’s not gonna be me.
You mean like most of the time, just in a more obvious scale? XD
WallstreetBets is about as good as it gets on Reddit.
They're not exactly redditors. They belong here with their own sub.
really does not matter if it does or not, just have to hold until friday.
Exactly. I couldn't give a shit about this other than I am going to get out before it all crashes
If you bought at $100 and it's still over $100 by Friday, you did good.
If it crashes to $50 by Friday, well...
Look at the big brain on Brett!
There is a lot of history to point to. Panic is one of the strongest of human emotions. It doesn't step down, you'll see market makers move there positions away and if there are no buyers? Watch it drop. The shorts end up being the only buyers.
Yeah, shorts will be the only buyers. That's what I meant by "as positions close out." That activity will be enough to cause a gradual step down rather than a crash all at once... feel free to revisit this in six months and ask me where I got my crystal ball.
Given the size of GME, this is actually pretty interesting. A group of people could literally just wait out the short sellers. This is pretty unique.
A new short seller enters the mix? Guess what? You need to pay funding costs on your short, you can't hold it forever. This is a pretty interesting wrinkle. Theres rules against individual hedge funds taking large positions in individual stocks without passing through certain regulatory filings/hurdles, but not a group of retail traders. This is literally historic.
Not when people have to buy shares and no one will sell.
it is called gambling
How is it gambling if you know it’s going up
You dont know how high its going or when it all will crash. Thats the gamble.
We need a WSB backup here when it closes
It’s already been made private so they’re damn close I think.
We could have saved toys r us
His name was Geoffrey the Giraffe.
Funny thing about Toys R Us
People keep trying to say that they had donated to planned parenthood when in actuality, they donated to Susan G Komen foundation which then donated to planned parenthood if I recall
That pisses me off even more
That sounds like straight up money laundering
Sad childhood noises
Slam GME this is the correct way to protest wallst. GME BBBY AMC BB
Sorry but fuck BBBY, Should of kept the Pillows.
Fair point but it’s not about them is about obliterating wallst
This, but stay on GME until Monday morning. 'They' are trying to distract from GME's specific short with appealing alternatives to minimize the downside. I'm not falling for it.
Stonks.
Heckin' stonks
From what I've gleaned(accuracy not attested)
Some hedge fund decided to short game stop and needed to buy back stock to cover their short today.
So some internet folk banded together to temporarily manipulate gamestop's stock to be higher, driving the stock up several hundred percent due to lack of liquidity.
From the early news coming out, the hedge fund has bought enough stock, but lost multiple billions.
A lot of people are saying that news is fake, and they're just trying to scare the retail traders away because the stock is still massively shorted and they don't want to lose more.
We love Gamestonk.
https://odysee.com/@UpperEchelonGamers:3/when-reddit-beat-wallstreet-the-gamestop:2?r=5xYd9wssJJkMezndw47qUCVdbt7YAAg6
explains it perfectly. watch his follow up vid after. this is how we occupy wall st.
NOK too
For the record he was a partner at a private equity firm, Bain Capital
He founded it. And his first backer was Ghislaine Maxwell's father.
Just a coincidence
Yes! We must buttfuck Romney!
Thats what he likes
I nominate you 😂
He’d like that. Wearing a mask is his only request.
I love this! I can’t stand that smug mother******.
I’d rather not...
While the hedge fund play is interesting, I think the REAL focus should be the Washington political class. They have to make financial disclosures, which means we know where they are placing their bets. If I’m not mistaken, Pelosi just placed a bet on Tesla right before Biden announced his EV initiative. These people have set it up so they can go to DC and get wealthy. Some of them very wealthy. If you take away their inside advantages... who knows what could happen. The beauty of this is, we don’t need to rely on judges, legislatures, DOJ, SEC, or any executive branch. We have direct impact.
It’s difficult to do, and I don’t fully understand how those buying shares for this purpose plan to exit their positions without a significant loss. My guess is that if they figured out how to do this, they have figured that out too. But appreciate their desire to take one for the team.
It is interesting... I don't know how much good it'll do, but it's interesting.
Interesting is a good word. It would be interesting to see what would happen if their gravy trains were cutoff. It’s bad enough they have figured out how to rig elections against us. But add to that the wealth they build on the backs of us and this country... I’ve always believed follow the money is a great philosophy. If the money stops, what will they do?
Just take a moment to think who controls these politicians.
We are doing it right this way.
Great example. Why do you think shills always want to know who funds this site.
It’s all about going after the money.
Why would they exit their positions at a loss. If you bought Gamestop anywhere from 20-100 you have 150 dollars the shares, or more, and get out with profit.
Too bad there isn't some way to just go to a broker, point to Pelosi or one of the other snakes, and say "I'll have what she's having".
How about we fight to take this country back? Too much to lose? Keep losing!
With the way this place acts, we'll never take our country back. Everyone will boycott voting, allow the Democrats to take everything from then, and then talk about some revolution that they've been talking about for the past 20 years.
I wish people would actually DO SOMETHING instead of complaining and whining.
Some of us are. I hear you. I really do.
And we want to talk about it and encourage others to do the same.
Problem is it's often the dumb stuff that goes viral and gets sent to the top.
I think a lot of the "I'll never vote again!" crowd will eventually calm down though. Especially if we can pull off some action with state legislatures. It may be too late to help Trump now, but it's not too late to help the movement.
By taking care of it at the state level, where it needs to be. Arizona is making strides.
Instead of whining about it, you should be holding these states' feet to the fire. Bug Arizona. (First, because they seem the most likely to do something useful.) Bug Michigan. They're also feeling the heat. Bug Wisconsin, Pennsylvania, Georgia, New Mexico. Remember those same lists people kept pulling up of state legislators? Dig them up again! Use them!
Sorry, I will never vote Republican ever again. Creating a third party is the right move, and if Trump doesn't do that then it shows he doesn't understand enough about politics to effectively fight the fight that is needed. He was the best president we ever had because of his economic and social philosophy, but he couldn't hold it because he wasn't able to navigate the political sphere.
I'd say a smarter move would be try to primary the RINOS out of the republican party first, because that's more likely to succeed, and then if that fails vote third party and let the RINOs fry.
I want you to read up on the Bull Moose party and how that worked out for conservatives in 1912.
How do you see third party playing out?
Or typing complaints about inaction.
I'm working with several state legislatures, starting with Nevada, to stop using electronic voting machines. I'm also donating heavily to grassroots conservative movements.
Great example.
Mind name dropping those organizations? I want to help out but I'm having trouble weeding out all the RINO orgs masquerading as conservatives.
WalkAway, MyFaithVotes, Look Ahead America, Scott Presler, etc.
https://patriots.win/p/11SK2ceqMq/the-next-steps/
You are absolutely right, I know posts like mine get buried underneath the shear weight of fantastic memes, news, “happenings”, etc but for a week now that’s exactly the type of action myself and other pedes have been pushing for.
So many of us have just accepted defeat, that voting doesn’t matter and that we’re all doomed. You know what? Yea, voting might not matter right now, but does that mean we simply stop planting seeds of liberty altogether? We absolutely must start retaking the culture by cultivating new institutions that are run owned, and operated by God Fearing, America Loving Patriots.
We had the greatest builder of our lifetimes be our president, and now a bunch of us want to just disregard everything we’ve been taught? It’s time to make the next steps, Fight Like Trump, and build our way out of this mess. It starts local, but ends with the deletion of fortune500 companies and the evolution of MAGA500 companies.
I implore you guys to start thinking similarly.
https://patriots.win/p/11SK2ceqMq/the-next-steps/
There will be another, but it will not be discussed online. Too many people watching, too many people listening.
If we get off our phones, and talk with our neighbors, real plans will be put into place for when the shit really hits the fan.
I just wish I got in on it when it was cheap, im not paying 360+ a share. Buy AMC.
I bought them all. Nokia, BlackBerry, AMC, Gamestop. Money is just made out of thin air so why can't I have some. This motherf*cking train doesn't stop.
Totally hear you, but the idea is more of "destroy the hedge funds" than anything else.
While it is obviously one hell of an opportunity, that is second to a lot of people who are just trying to fuck the system
Bought in GME at $60 and $250
GME 10 @ $37
I felt lucky when I bought 2 shares at $239/ea at open this morning.
How is that a good buy unless you’re expressly trying to fuck the hedge funds and are willing to take a loss to do it?
Because not only is it at $330 right now, holding onto it for a week when the hedge fund is legally required to buy it up later means you are fucking them over
I’m down with fucking the hedge fund, but in all probability this isn’t going to stay this high for much longer than it takes to force them to cover shorts.
So then you have to sell to keep your profits and pay short term gains or run the risk of holding the bag.
Seems like a dangerous way to make a few bucks is all I’m saying.
It's only dangerous if you need the money. Ive spent cash on dumber things than screwing over a greedy hedge fund.
You are right,
It can be very dangerous if you don’t pay attention
Forget to do something for even a day and you could be out on a huge amount
Just don’t be left bag holding
Indeed
As of now they still have a good buy
Hope they can be on their game the next week
If you don’t like it then vote with your wallet.
votes with wallet
That’s our wallet and our money! How dare you!
GAMERS RISE UP
GAMERGATE 3.0
AMEN. Fuck Wall Street and I'm so happy regular people are making crazy cash from this. Totally a David & Goliath situation
what the hell is happening?
A big investor bet that a stock would go down, and they orchestrated giant sales in order to make it so.
It was so profitable that they sold more stock than was even available, which is super-greedy, but not unusual. But we found out.
When you sell a stock expecting it to go down, you are required to buy it back at some point. But because we found out, we bought all the stock there was to buy.
And now, they’re super pissed because we’re playing keep-away with the stock they HAVE to buy- and we’re using Reddit to warn each other about the shady bulk sales and scare tactics they’d normally use to get us to sell.
So as long as we stick together, they’re going to keep losing money, and the price they have to pay keeps going up.
There is no limit to how much money they can lose if we all agree not to sell. So now they’re going on TV and using words like “collusion”, and “fraud” to justify some legal intervention because we’re doing to them what they normally do to us.
*copypasta from u/deliciousmonster/ on reddit
CNBC even had a hit piece this morning saying the hedge fund had bought its shares back.
The stock plunged for a bit (it's back to all-time high now)
It was fake news, and WSB users used statistics to prove it was impossible
The power of weaponized autism!
It's pretty glorious over there right now.
Do we know who this "big investor" is/was? And when does their short expire?
Melvin Capital.
I forget the name but Friday is the expiration.
Shorts don't expire. You can short a stock as long as you can pay the borrow cost.
If you buy puts or sell calls creating a "short position", then those contracts have an expiration date. Melvin can maintain that position as long as they want up to expiration as long as they put up additional money for margin calls.
Does the interest they pay change depending on stock price?
The price they pay is relative supply and demand. If there is not a lot of stock left to borrow, the % goes up. Right now, GME costs 50-250% to borrow. Those new shorts can’t hold their positions for long.
short sales have an expiration date.
No. No they don’t.
This is the way.
I finally understand. Thanks.
How do you sell more stocks than what's available? May you pleased explain the concept?
Incorrect 140% of the total stock for Gamestock is being shorted by hedge funds (which should be impossible to borrow more stock than exists) so WSB decided to buy a ton of stock so they can't sell it back for a profit and would have to buy it back at their price because they have literally no other option if enough people buy in and hold long enough in theory the gains are infinite
This isn't stock advice btw
So few are mentioning the naked short aspect.
Retail dopes will be left holding the bag of worthless GME shares.
Better way to fight the system is to buy gold or silver because it shows how weak the dollar really is with money printing.
Not if they bought in low. If you bought in the 40 - 60 range youll be fine.
The short squeeze will end eventually. I'd rather fight back bidding up the price of something that has more value. If Gamestop goes bankrupt, creditors are first in line for scraps. Common stock shareholders are last.
Also look at the trading volumes of gamestop each day this week. Multiply that by the average of the high and low prices. That's billions of dollars changing hands. WSB guys are not pushing this, they are just riding a wave. It's a battle of institutional investors. The media want to pretend the little guys are even having any kind of effect at all. It's just hype.
I guarantee you they're gonna try to make doing this in the future illegal and throw people in jail for it. Wallstreetbets will be deplatformed soon too.
Can't have the plebs learning to do what hedge fund assholes do every day.
Okay, so now that we know how it's done, how can we work this to our advantage? Can we use to go after companies that are "woke" ? Honest question, because I don't understand the market
Thank you for the explanations! I appreciate it.
i'm definitely not into investing or anything, just kind of fascinated at what's going on!
It's going to happen more places as the early dominoes fall.
I have no idea how serious it WILL get, but this certainly has systemic potential.
Part of the reason I love our movement so much is that we’re creative and random. The Politicians literally play by a playbook- we can see it coming from a long ways off. We can get creative at finding different ways to stab at them though and with more flexibility, which is amazing!
Hahaha wtf is going on with GameStop??
From what I've gleaned(accuracy not attested)
Some hedge fund decided to short game stop and needed to buy back stock to cover their short today.
So some internet folk banded together to temporarily manipulate gamestop's stock to be higher, driving the stock up several hundred percent due to lack of liquidity.
From the early news coming out, the hedge fund has bought enough stock, but lost multiple billions.
Fake news, and WSB showed the stats to prove it. The stock is still massively shorted. Comes due on friday.
This here is the difference between posting cartoon frogs until your candidate is fucked up the ass and you're dragged off to prison by the speaker of the house - and real online autists causing real damage to real assholes and the media that supports them as much (if not more) than the DNC.
If you want to put the hurt on this illegitimate govt., WATCH AND LEARN.
The autists are assembled at r/wallstreetbets
I’ve been checking out Zero Hedge, they have posted some of the top on terms of short interest companies. Also micro-cap stocks with large short positions if autist band together could potentially become overnight millionaires per the Zero Hedge author.
we need to find out what Romney is shorting!!!!!!!!!!!!
Someonw tell me this nowwww!!!
if someone figure out what he's short soon -- Id jump on that!
His company is Bain Capital....he buys up american companies, destroys them, and sends the work to china....cocaine mitch owns shipping companies....another target.
hmm haven't looked at shipping in a long time
Some in the financial media now trying to call the Autists NAZI’s, and comparing them to the “ Domestic Terrorists” that stormed the Capital. HOW DARE WE CHALLENGE THE NEW YORK BILLIONAIRES!
In a real way this is no way worse than the Capitol building but I could see the blowback here as far worse.
The Capitol was an act of protest against the representatives of the oligarchy.
This is a direct attack on the oligarchy.
GameSTONK!
Just got off Twatter and they are SEETHING about it. The level of hysteria and cope is off the charts.
All you have to do is figure out which stocks Romney is shorting. Make a post about it.
Check bain capital holdings.
Yup.
This is a great time to remind all of us pedes it’s no time to roll over and die. It’s time to fight back and recreate our beloved American institutions. So many of you have given up, won’t vote again, and are done with politics at a local and federal level. Don’t you see that’s how the commies win? Through shear demoralization they can get their way.
We need to plant our seeds of liberty so that our children can be shaded by her greatness. We need to rebuild, we need to learn from GEOTUS that American ingenuity knows literally no bounds. We must let the old institutions crumble under the weight of their own rot. And while that happens new MAGA Enterprises sweep the nation and take hold.
https://patriots.win/p/11SK2ceqMq/the-next-steps/
People blaming trump for spending when over half of his deficit contribution was due to covid, which the Dems and globalists made up to force him out of office?
If I were a hedge fund manager, and I had any money left, I would close the call, and buy into the pump to cover my losses.
Probably time to sell to double fuck them over.
They tried that at roughly 100, so now their double down is royally giving them the full cavity search treatment.
Ooooo beautiful.
EDIT watch: https://youtu.be/z7WbU9NekvI. ~~. see billionaire tech investor Chamath Palihapitiya eat cuck Scott Wapner's (CNBC Fast Money Half Time Report host) lunch today? Glorious! Chamath's running to unseat CA Gov Newsome, lol. He donated $500,000 he made from the Gamestop trades to Barstool. Of course you can only find bits and pieces of this epic interview! https://www.benzinga.com/general/hedge-funds/21/01/19351790/10-best-moments-from-chamath-palihapitiyas-cnbc-interview-pushback-against-the-establishment
TRADE at your own RISK:
EXPR (the next GME AND AMC) was also halted numerous times today. Up 323% for the day.
Let's keep pumping this!!! Let the short's fail. They are purposely stopping the trades so the shorts can scramble and try and cover. Let send it to $20. Trigger more shortt's HOLD THE LINE!
TD Ameritrade won't allow you to trade GME or AMC
Can confirm, multiple platforms (incl. Overseas) are suspended from trading on those markets. Petty as all hell.
Can someone ELI5 the GME situation?
From my understanding a couple hedge funds massively shorted GME(gamestop). People at r/wallstreetbets found out about this and are buying GME in order to fuck these hedge funds.
how did they find out?
Think it was publicly announced but I could be wrong.
well they won't be doing that again
Massive shiort squeeze. Large percentage of outstanding shares were borrowed to sell short. Buyers appeared drove it up forcing shorts to buy and they got fucked hard
I agree. Same with AMC and especially INO (next).
Be Me
Buy 5 shares of GME early last year expecting a small, few dollar spike when the new consoles drop.
Doesn't happen.
Oh_Well.jpg
Wake up this morning. Check my stock portfolio.
Oh. Well, alrighty then.
Hit 'Sell' and make myself a cup of tea to calm my jittery nerves.
I keep kicking my self for not having bought at least 3 stocks when they were like 3 bucks. What did I have to lose??
Gamestop will still sell over-priced accessories and be out-of-stock on anything else you might need.
I made 2500.00 off GME today. Pouring it into other stocks
Just wait till the SEC start to arrest the people posting about it form the start for security and exchange fraud.
A bunch of people on reddit are not doing this. Individual investors participated, sure, but this is caused by the conditions surrounding the stock when the buying started, not the buying itself. Individual investors simply cannot move prices enough to trigger this, it is large institutional trades that trigger the chaon reaction. The stock was too heavily shorted, and had extremely rare unicorn short squeeze conditions that were absolutely extreme. You can't get together with buddies on the internet and do this to just any stock. It has to be set up for the "panic buying" like GME was.
Look at tilray in 2019. That is what will happen to gamestop, but worse. Gamestop is a garbage, garbage company that will cease to exist in the near future. This is a short squeeze. Big short selling hedge funds got their borrowed shares called back, forcing massive chunks of buying which sends the price skyrocketing, spooking more short sellers and forcing more shares sold short to be called back or panic-bought. GME is such hot garbage, it is crashing "up" in spectacular fashion and the plummet in a day or two will be just as spectacular. A lot of money will be made when GME comes crashing back down and the big hedge funds will be fine.
This is all normal. Identifying potential short squeezes is one of my favorite investing methods, and I tripled my money in hours when it happened to TLRY, and sold immediately to lock it in. TLRY is a dead stock now. I identified BB about a year ago and am very happy with that one too, about to close that position any minute.
Gamestop is not a "revolution." The big short funds will be fine, and gamestop will go back to being shit in a few days.
wrong.gif
We who are about to die, salute you! Well done lads!
Is this from Hunter's laptop?
oh geez
Please clue me in on the GME revolution. I'm out of the loop
The dolts at Wall Street bets were pissed some hedge fund manager was shorting GameStop (GME) . So they conspired and executed a plan to drive him out of bizness by buying up the stop. It went from $15 to over $300 a share. One kid has made millions.
Retarditt is crowing their success
BUY MOTHERFUCKERS
Both my bank account and broker account were frozen up for a bit this morning. They cant handle the economic warfare going on and it is terrific.
I can understand the sentiment, but having a market where the price of stocks is completely divorced from underlying fundamentals and driven instead by the whims of social media influencers is not good. I don’t think the crumbling of the integrity of the US capital markets is something we should celebrate.
hedge funds are vultures and i will celebrate.
Exactly, purely parasitic. Cry me a river for the Greenwich Village and Hamptons crowd.
Also what is the economic purpose of high frequency trading? Just more front running by the big boys.
Thats not it at all, the manipulation has been going on for years by short sellers. Here is a pretty good vid about it - its from monday, but same stuff applies now: https://youtu.be/4EUbJcGoYQ4
That is all the stock market has ever been. One company releases a quarterly statement and the entire industry rises or falls as a result? That is divorced from fundamentals, but is par for the course.
And half of wall street already knows the quarterly results before the public.
A wall street dude was playing a stock game that will have him benefit off of other peoples loss, while also driving the cost of Gamestop stocks down. (short selling)
The internet said "fuck you" and started buying the gamestop stocks, making the price skyrocket. (short squeeze)
This means that the wall street dude lost billions (he was betting on the stock falling, not rising) and the internet people who bought in early got millions (justice)
Something else I learned: apparently when they play this game (short selling) theyre required to eventually buy back the stocks they "sold short".
But now all the internet kids own the stocks, and arnt selling them back to the wall street guy. So the wall street guy is in legal trouble and theyre trying to use the media to intimidate the internet kids to sell back.
Totally agree. I'm sure its not just internet trolls, but I love seeing this kind of rebellion
I totally get that, I dont understand stocks either, I had to have it ELI5'd to me too lol
$GME
TL:DR
A group of autists and retards are bankrupting hedge funds while getting rich.
Basically a group of people picked a heavily shorted stock and bought all the shares up causing a short squeeze, forcing the hedge funds to cover their short position at a huge loss.
$GME is a stock, Gamestop.
Just like stopping the voting in the middle of the night
https://www.zerohedge.com/markets/retail-brokerages-suffer-widespread-outages-short-squeeze-surge-accelerates
Suppose the market going down is long positions being terminated by the hedge funds. I hope more people buy GameStop.
They exposed themselves to this illegal risk using naked shorts. (They agreed to buy stock without first verifying it would be available)
Now, every $11 GME raises by Friday, they’ll lose a billion. There’s no theoretical top limit.
If anyone is playing this crazy shit through options... look at retail etf XRT instead. Will also crash hard but premiums are a little more reasonable.
Fucking td ameritrade not letting me buy
Yeah I just dumped around $5k into GME. Am retarded but I gotta support. Its about principles.
Short Selling of Stocks is inherently evil anyway. Fuck the Short Sellers, they get what they deserve. Someone check Romney's hedge funds for their Shorts. I'll sign up to Robin Hood myself, for that.