Especially when you realize that the that the folks originally in on this were buying $300, or $1,000 bucks worth of shares at less than $5 each will be multi-millionaires on Friday. Even the people that bought in Wed or thursday of last week will see nearly ten times the money returned.
BB, blackberry. A lot of stocks are being thrown around as the next GME, personally I’ve bought BB and AMC and have an order in for NOK as that’s my best guess but it’s impossible to say.
Hedge fund believes gamestop gonna die. Bet so so big on it hoping no one would notice. Autists notice. Autists see that hedge fund has promises to buy an impossible large number of shares soon.
Autists sees opportunity. People who want to participate, only have to buy shares like a normal person. That's it.
In exchange for doing this, they'll cause an overextended hedge fund to implode into dust and entirely transfer the wealth they used to have to these plucky protagonists. Some may end up buying too high and selling too low; that's a risk they'll have to take. But no one is leaving until the overextended hedge fund is a desicated monument to cynical greed.
A shorted stock is borrowed and not paid for yet by the hedge fund. The hedge fund was betting it was going to tank, and make a profit on it tanking. Instead, people found out that the hedge funds shorted the stock more than 100%, and the more the stock goes up, the more money the hedge fund will lose, because since they borrowed the stock and haven't paid for it yet, they'll have to pay it back at current stock price. This move could possibly bankrupt wall street. Latest I saw they're already down billions because of this.
they borrow the stock when it is higher and sell it. since the stock is borrowed from the owner, they need to give the same stock back to the owner.
that is what a short sale is about.
for example,
borrow 1 stock and sell it for 100, now buy the same stock for 40 and give the stock back to the owner. The person made 60 dollars thru this action since they sold it higher than they bought to replace it.
in this case, others bought the stock raising the price, the short sale person still has to replace the borrowed stock so they are forced to buy it also at the higher price and lose money.
yes, see other threads.. several stock sites td trade stop purchases and others had issues so customers couldn't do anything so the fund people could be safe due to their 5 masks ...
wish I knew about how it was basically 113% short sale, the fund companies caused the issue.
Hedgefund big corp shorts stock on GME (gamestop), people on reddit and other forums organize and purchase stocks driving the stock price up, ruining the profits for Hedgefund big corp edit: losses are massive for Hedgefun big corp, Biden 'looking into it'
Other people have commented, but this guy destroyed a CNBC host on the matter- explaining that hedge funds were selling more stock than even exists for GME. However, this guy's interview was interesting to hear him talk about the background for hedge funds, 2007/2008 collapse, and how individuals get screwed targeted while hedge funds are allowed to do what they please.
They're not taking back out country, what the fuck are you talking about?
They're trying to fuck over some Hedgefund Faggots.
This doesn't hurt the Government. It just pisses their friends off.
You know what's going to happen? The Government (OUR MONEY) is going to be used to cover the loss that's being incurred. This is priming another bank bailout.
Unlike banks, hedge funds have no cover or protection from the fed or the government. They can whine all they want, but there's no legal/governmental justification for any sort of bailout.
If these were 401k/IRA or similar institutional investors maybe, but these are just hedge funds.
The silver lining there would be that more people would realize that the Democrats are responsible for problems with the government and big corporations and might see the light and join our side.
GameStop is working because the hedge funds overcommitted. They backed themselves into a corner, on the assumption that no one would or could take advantage of their vulnerability. WallStreetBets saw this, and saw the opportunity to make a lot of money while sticking it to someone who totally deserves it.
Theoretically, Wall Street makes this kind of high-exposure play all the time. So there may be more opportunities in the future to punish them for their arrogance in the future. But it's dependent on them making themselves vulnerable in the first place.
Anyone think it's worth it to throw cash in at this point? I doubt it myself. I do safe investments, not really crazy day trades, especially now that it's mainstream news
If the 600 point drop in DJI is from selling to cover the shorts that is 300-400 billion dollars worth of drop because of hedge funds and one company that sells games in malls.
Very cool to watch
Same. I'm not going to join in, but the people who cash in before the inevitable crash are going to make bank.
Hopefully they take out a few hedge funds along the way.
Its gotta hold till tomorrow at close, expecting a crash monday but hoping we can hold for a few more weeks
Especially when you realize that the that the folks originally in on this were buying $300, or $1,000 bucks worth of shares at less than $5 each will be multi-millionaires on Friday. Even the people that bought in Wed or thursday of last week will see nearly ten times the money returned.
Holy shit
Only the Beginning
Yup I just loaded up on some amc and bb since I missed the gme train.
CNBC host was having a meltdown earlier interviewing a guy and it was glorious.
Bb or bby?
Someone else was saying AAL?
BB, blackberry. A lot of stocks are being thrown around as the next GME, personally I’ve bought BB and AMC and have an order in for NOK as that’s my best guess but it’s impossible to say.
SPCE is another great one, second highest short interest next to gamestop
This is crazy to watch.
Someone else's post was wondering if there weren't some big players behind the strings working this.
This is a lot of money moving around for some guys on reddit.
500 million people are throwing money at this shit and not selling.
Could also be white hat hedges taking down Epsteins and Victoria Secret's favorite Hedge (Melvin)
BB
It really is just the beginning. Ears open. Eyeballs click.
I feel stupid because I have no idea what is going on with this one. Can someone simplify this?
Hedge fund believes gamestop gonna die. Bet so so big on it hoping no one would notice. Autists notice. Autists see that hedge fund has promises to buy an impossible large number of shares soon.
Autists sees opportunity. People who want to participate, only have to buy shares like a normal person. That's it. In exchange for doing this, they'll cause an overextended hedge fund to implode into dust and entirely transfer the wealth they used to have to these plucky protagonists. Some may end up buying too high and selling too low; that's a risk they'll have to take. But no one is leaving until the overextended hedge fund is a desicated monument to cynical greed.
A shorted stock is borrowed and not paid for yet by the hedge fund. The hedge fund was betting it was going to tank, and make a profit on it tanking. Instead, people found out that the hedge funds shorted the stock more than 100%, and the more the stock goes up, the more money the hedge fund will lose, because since they borrowed the stock and haven't paid for it yet, they'll have to pay it back at current stock price. This move could possibly bankrupt wall street. Latest I saw they're already down billions because of this.
Can you explain the part on how someone makes a profit on a stock tanking
they borrow the stock when it is higher and sell it. since the stock is borrowed from the owner, they need to give the same stock back to the owner. that is what a short sale is about.
for example, borrow 1 stock and sell it for 100, now buy the same stock for 40 and give the stock back to the owner. The person made 60 dollars thru this action since they sold it higher than they bought to replace it.
in this case, others bought the stock raising the price, the short sale person still has to replace the borrowed stock so they are forced to buy it also at the higher price and lose money.
Will they be protected if they have three or more masks on?
yes, see other threads.. several stock sites td trade stop purchases and others had issues so customers couldn't do anything so the fund people could be safe due to their 5 masks ...
wish I knew about how it was basically 113% short sale, the fund companies caused the issue.
I’m happy I scrolled down far enough to read these comments. Fuckin gold KEK
Because they pay back the borrowed stock at a lower price.
Hedgefund big corp shorts stock on GME (gamestop), people on reddit and other forums organize and purchase stocks driving the stock price up, ruining the profits for Hedgefund big corp edit: losses are massive for Hedgefun big corp, Biden 'looking into it'
https://youtu.be/ynhQcu8x1fw
https://www.youtube.com/watch?v=036bv0zsIxY
Other people have commented, but this guy destroyed a CNBC host on the matter- explaining that hedge funds were selling more stock than even exists for GME. However, this guy's interview was interesting to hear him talk about the background for hedge funds, 2007/2008 collapse, and how individuals get screwed targeted while hedge funds are allowed to do what they please.
They're not taking back out country, what the fuck are you talking about?
They're trying to fuck over some Hedgefund Faggots.
This doesn't hurt the Government. It just pisses their friends off.
You know what's going to happen? The Government (OUR MONEY) is going to be used to cover the loss that's being incurred. This is priming another bank bailout.
Fuck the hedge funds and they can eat dirt.
And they'll make new anti pleb investment laws. Because we're too dumb to know what to do with our money.
Just watch, you will have to get government certification to invest your own money before the end of the year.
And raise taxes, which ends economic behaviors? or borrow money from people who won't lend to you? or Inflate the entire US currency?
The market is going to, in response back away from short positions out of fear of short squeezing and then... the drop will happen.
Bear Gang is looking real hungry and Biden seems to be fresh meat.
My inner bear is coming out. It hasn’t gotten hungry enough to try short positions yet, but who knows.
Unlike banks, hedge funds have no cover or protection from the fed or the government. They can whine all they want, but there's no legal/governmental justification for any sort of bailout.
If these were 401k/IRA or similar institutional investors maybe, but these are just hedge funds.
Oh my sweet summer child...
The silver lining there would be that more people would realize that the Democrats are responsible for problems with the government and big corporations and might see the light and join our side.
The markets have been a sham for years now. It's about fuck ing time to put a lid on the rampant manipulation.
I love those degenerates on Wallstreet Bets. Give me free market capitalism or give me death!!!! FREEDOM!!
We need a WallStreetBets.win
Market down almost $600 now. The Panic Selling to cover the shorts has begun.
AMC is a CHICOM owned stock and is being pushed by CHICOM BOTS, the other stocks are solid. If you can afford buy GME first.
They will get a bailout at our expense.
Would be out of the ordinary to bail out a single hedge fund for a stupid play. Who knows under the new regime though
I thought AMC was indirectly owned by CHYNA
What are the stock broker sites that are allowing the short selling of Gamestop stock still?
Please can someone do Amazon? Please.
That would be tough to do considering they’re trading at ~$1500
That's not how this works.
GameStop is working because the hedge funds overcommitted. They backed themselves into a corner, on the assumption that no one would or could take advantage of their vulnerability. WallStreetBets saw this, and saw the opportunity to make a lot of money while sticking it to someone who totally deserves it.
Theoretically, Wall Street makes this kind of high-exposure play all the time. So there may be more opportunities in the future to punish them for their arrogance in the future. But it's dependent on them making themselves vulnerable in the first place.
Can someone ELI5 this for me?
https://www.youtube.com/watch?v=4EUbJcGoYQ4&feature=youtu.be
Excellent.
Yes #metoo. I was offline for three hours and I come on and I'm like wtf we're talking about Game Stop now? Lol
Anyone think it's worth it to throw cash in at this point? I doubt it myself. I do safe investments, not really crazy day trades, especially now that it's mainstream news
Impossible to say, GME is too high for me but who the hell knows, I like AMC personally but people are saying all sorts of stocks.
Watch the Big Short, great movie and Margot Robbie in a bath tub
MAGA!
If the 600 point drop in DJI is from selling to cover the shorts that is 300-400 billion dollars worth of drop because of hedge funds and one company that sells games in malls.
For anyone just tuning in /r/WallstreetBets is now a private sub.
what ? ive just spent 2k on gamestop. u telling me it was all for nothing?
If you want to support the movement, buy a share or two, keep driving that price up, there will be more and more shorts as she climbs but stay in it