It's always necessary to have some good guys behind enemy lines. I live in the state that has a Wolf running it with his Tapeworm as a health secretary.
Wallstreetbets arent commies they're autists but unfortunately still over in commie land. We should recruit them here. They will be banned soon after this massive troll
Over on the plebbit sub? Bots are spamming new stuff like $AMC. It ended up causing AMC to be frozen and I lost a few bucks in profit thanks to that. I threw in 150 this morning before the market opened and didn't know WSB was pushing it (above 200%). Got caught up in the middle of it and lost that profit when the market froze.
As much as i like this being a noncommercial pet project for the mods if we are going to fight in the culture war, we need to prepare for expansion and monetization in some America first way
You want cake and you wanna eat it. Does not work that way. This is what we are. Go out into the world and do your part to influence the culture in other ways: join gab, cancel big tech subscriptions, avoid chinese products like they are a virus, etc... The reason we are here is because reddit monetizing led to chinese money.
For cereal, we need some investing for retards tips. I know I’m not the only one that has no earthly idea wtf to do and what all the jargon and lingo means, how to read the stuff, etc. Maybe a beginner investment club to learn with a small investment? I’ve tried learning this stuff on my own, but just glaze over. I do better with hands on and people to talk to along the way. The more of us the better. The more wealth we create the better chance we have of taking our country back. Or, I can go lick the windows again.
Yeah we don't do any of that. We buy high risk option contracts for the most part. You don't want advice from any of us(total retards). We don't own or buy stock ( with the exception of GME, BB, and AMC). Mostly gambling. More lose than win. The GME thing the stars just aligned.
The .Win will be up very soon. Next 48 hours I believe.
I keep seeing people post how sophisticated this was. One guy was saying it was a proof of concept! I was like no dude, it's actually a bunch of retarded faggots and gay bears betting huge amounts of money and goofing
I will check it out and hopefully start to glean things from yins. I really do want to learn. I’ve picked up more from pedes than I ever have on my own with dry textbook type sites or videos.
From what I've read on r/wallstreetbets is that you have until FRIDAY to buy gamestop stock because it'll keep rising until then as the buying frenzy continues. Friday (specifically the last friday of the month) is when stock shorting contracts come to a close and when the billionaire hedgefund managers who are losing money on this will have to pay up.
Ofc, Wall Street might do some bullshit and have the market shut down by then, so who knows.
Otherwise, once everyone who got 10x ROI cashes out on friday, they'll have so much cash that they can then move on into all the other mass shorted stocks and have the same thing happen all over again!
It's the financial equivalent of saying FUCK YOU to the elites as Trump winning the presidency in 2016
EDIT: the reason GME stock is the big one is because they shorted MORE than 100% of the available stock (because they're greedy fucks) and assuming the gov't doesnt actually stop this whole thing, tomorrow the price WILL go up (probably to $1k+/stock). So if you're feeling like gambling, try to buy some stocks before the market opens. But what the fuck do i know, I'm just someone on the internet.
EDIT 2: Reddit user DeepFuckingValue bought 50k of GME stock ages ago when it was pennies and now has over $50m in share capital and STILL hasn't sold. Dude will need legit protection if/when the elites come after him.
I'm not an expert or a novice at this stuff, but I do understand the basic concept.
So, let's pretend.
I run a hedge fund.
I make money off throwing money around. A lot of times this is other people's money.
So, you have this stock. It's Gamestop. Gamestop is shit, has been for over a decade. It's stock has been SLOWLY but consistently trending down in value. You hold this stock and really can't sell it because you'll take a huge loss on it. Better hold it and hope for a rebound at this point.
My firm comes to you and says, hey, I will lease that stock from you. You still own it but for the term of the lease, we can do what we want with it (including trade it, as long as we get the stock back to you before the lease ends) and when the lease is over, we WILL give it back to you. You make some money leasing the stock, which is better than making 0 on it from just holding it.
Meanwhile, what I'd like to do with my newly leased stock, is sell it right away. It's value is drifting DOWN. I want to sell it while it is as high as possible to get the most money I can for it. My hope is that by the end of my lease, the stock will be as low as possible. Why? Well, I gotta buy it back to return it to you. And I HAVE to buy it back because in my lease I agreed I would return it and other laws and rules etc.
So to recap (and lets make up some low numbers to help)
-I lease bad stock very cheap.
-I made it so my lease is for 6 months because I predict that is when the stock will drop to it's lowest possible value)
-I sell it at $100 per share (and for this example we'll stay at 1 share.)
-Boom! I made $100 (minus the tiny % from the lease I gotta pay, so like $93).
-6 months is coming to an end...Gotta return your stock.
-I buy the stock for $2 to $3 a share.
-I give it back to you.
-I netted around $90 a share over my lease (The $93 from a few points above minus the cost of rebuying)
-All without using my money or stock.
People saw the gamestop lease was about to end and dumped a lot of money into gamestop stock to get the mandatory buyback price as high as possible. The firm has got to buy back that stock to return it to the owners, and right now the price to buy stock is VERY high.
This is a fairly good explanation. There is one more factor at play here that made this all viable. The number of shares on short contract far exceeded the number of shares outstanding. That mean as of the close of business Friday all those co tracts that will have to buy shares will find that there are not enough shares on the market to buy to fullful their obligations. So as they sell their shares at a massive loss and return/release them to the original holders they will have to also then buy those stocks from the original holders to cover the rest of their contractual obligations. It's called an infinite squeeze because in theory there is not bottom to losses or top to prices in this scenario.
I'm just learning about this for the first time too.
Apparently, it's even better/funnier than that.
So, imagine the above scenario. Except I cut out the borrowing of stocks in the first place.
I simply sell you a stock I don't even own. I promise to deliver it later.
I'm hoping that the price of the stock dropped by then, so I pay less for it than what you paid me.
Later arrives. I finally buy the stock and deliver it to you.
This is known as "naked shorting".
Reddit autists found out big money / old money dudes were naked shorting Gamestop and started pouring their money into it for the lulz or something.
Gamestop is now skyrocketing as a result.
The corrupt establishment sold shares of gamestop that they don't own (naked shorting), and time's up. They now have to buy it at an exorbitant price to keep their promise, and they're gonna lose a ton of money on it.
It's not necessarily about deserving anything. It's an opportunity to make money, so people will take it. It's just the hedge funds are the loser this time.
Hedge funds are just hard to feel bad for because some of their ways of making is BETTING and MANIPULATING THE MARKET so a stock tanks. This scares ordinary stock owners like you sell at a loss, while they buy low and profit off you. Again, all of this being planned.
At last I get it. If they create a Finance win, please post personal finance lessons for dummies! It's never helpful when people use finance words to explain a finance thing to someone who knows nothing about finance.
You tell your friend you'll give him $1 if he lets you borrow it for a week. He agrees, so you take his PS5 home and immediately sell it on eBay for $500.
You do this because you heard a rumour that PS5's are going to be on sale at Walmart for $450 later this week, so you plan to use the $500 you made on ebay to buy one of those to return to your friend, and then you can pocket a cool $50.
Walmart sells out of PS5's before you get a chance to buy one, so now you have to get one on eBay to return, and the price there has gone up... but you just have to pay whatever that price is because your friend is going to be pissed and get parents involved. You finally find one for $1000, so you lose $500, but you're lucky because if the price had been higher you'd have lost even more.
So, that describes how you can make and lose money on shorting.
To get the current situation with game stop, modify as follows:
You are friends with every single person in the world who has a PS5, and you borrow them ALL, and sell them on eBay.
You then go to about half the people you sold to on ebay, borrow the PS5 back from them, and sell it on eBay again to yet another person.
You publish an open letter letting the whole world know what you just did, and advertising your intention to buy all those PS5's back for less than you sold them for.
People that own PS5's say "LOL no" because they know you REALLY REALY need them or you will be grounded forever, so now they won't sell them to you for cheap.
You go tattle on them to your mother, who then calls the police and reports all those kids who lent you PS5's for taking advantage of you because you are clearly a retard.
I'm probably asking the wrong question because I don't really understand how the stock market works, but could this be done to Facebook? I guess what I'm asking is could something similar be done to Zuckerberg that would cause a massive loss of confidence in his shitty company and cause it to faceplant if not completely crash and burn?
There's $527B of facebook stock out there, and it's only shorted 1% (you want 50%+ for this, preferably 80%+, gamestop was at 120%)... so not really, no.
Plus, the assholes at facebook own facebook stocks, not facebook shorts, so if we did do this to them they'd just make a boatload of money.
TLDR: Massive institutions shorted it REAL hard, meaning they have to buy ~$1B worth of it on Friday. Wallstreetbets decided they should buy a boatload of it and pushed the price way up, both as a way to make a lot of money and to screw over the hedge funds. Other people saw it skyrocket and wanted to get in on it. Other hedge funds who shorted it only a bit are buying stock to cancel out their shorts, pushing the price even higher. Nasdaq, robinhood, etc are all limiting transactions now because they're spooked. If you haven't been in for several days already I advise not touching it because chaos is coming for it this weekend.
Yeah, shorting it with a target date of a month from now would probably be a good play. But shorting is always risky as it has basically limitless losses if something goes sideways.
Yeah. I know. I was only going to short a few shares. My account wasn't even funded until this morning. I used to trade often but now I'm more interested in real estate. It's unquestionably way, way over priced, though, and going to fall.
Cool, just trying to make sure nobody dumps their retirement fund into a gamble run by some autists.
But if you want to gamble some disposable income there are a few other stocks that the autists might roll their winnings into and try to repeat the magic, I just bought a few MAC; DDS and FIZZ might also kick off.
Edit, fuck it, just bought a light sampler of all three.
This is only true of naked shorting. You can short stocks without taking in unlimited downside risk.
Usually you would limit your potential downside by buying other options to go with it. If you bought some out-of-the-money calls at a strike price higher than today's, for example, and the price went to the moon, you'd start making a dollar from your calls for every dollar you lost shorting.
Gotcha, they can pay penalties and hold past friday, which would save them money if it crashes back down, so it's likely they at least try to stretch this out.
dude i just started learning about all of this 1h ago by going to r/wallstreetbets (the subscriber count has been increasing by thousands per minute) and reading the top posts, as well as some of the other posts here on c/patriots and other communities - EVERYONE is talking about this.
SOMEWHERE in all of that I found THIS: a deleted post about what has been happening behind the scenes these past few days and just how hard the elites are getting fucked by this
been trying to go thru the crazed post over at r/walls.. and can't tell if buying until friday is just meme talk like they kept saying dodge to the moon.. lol
but awesome stuff if it all works out for everyone here on out.. I'll have to pay more attention to learn and get in earlier.
Watch this video. It's long but it's the best I've seen for people unfamiliar with the stock market and the situation. If you really want to understand, it's more than a TLDR/ELI5.
Just watched it. This was the simplest way to put it and I understand it all. I highly recommend watching this video. First time I’ve ever been proud of a group of redditors (besides when a group of people from r/theDonald helped elect a certain GEOTUS as president)
I would highly advise against entering unless you want to be a bag holder though. Theres other stocks that are safer that are also showing short interest. MAC is my play, as it was a play before short interest hit. If ye caught bagholding ye own a reit with a nice dividend.
AMC is looking also as the weaponized autists next target. I bought a smidge today as a "fuck it" play. Worth a dice roll. Other plays include BBBY, BlackBerry, Nok.
Or just buy some shit ye like off the massive dip the market took today, or dca down on current holdings
Thaks Autists, idk what tf is going down tomorrow or in the next wk. MAGA
Just threw a hundred at MAC. Enough to get my feet wet without being anything to worry about. If it pulls a gamestop I'll send you a bottle of Trump champagne!
NOK & AMC are being spammed by bots on WSB, don't buy it.
It's being used to split retail investor support for GME.
This isn't financial advice, I just like the stock.
edit: WSB discord hijacked, the subreddit is now private
I got banned from Reddit after The_donald and banned from multiple subs til they killed my 9 year account. Lol cannot go back. Also stocks are useless when the dollar is going to be shit real soon. Should focus more on hard assets and making sure you have stock up on food. Some major forced shortages in the future. Especially the fall I believe when the real shit will kick off. I have buying lots of silver.
Also stocks are useless when the dollar is going to be shit real soon
I agree the dollar is going to shit but there are plenty of great stocks to ride out a dollar collapse. Silver miner stocks are a great example. Lots of foreign stocks will do well too. Just gotta know what you're doing and don't trust an "investment advisor" because most of them are morons.
Yea my friend is one. He told me I was stupid to invest into PLUG. I am up 1700% in one year. Bought TSLA during the March dip and got 10 shares out of the split. I recommend watching Graphene stocks and satellites like GILT.
Ye wrong about stocks. Think of it as an inflationary hedge. All that money has to go somewhere, and where it goes is into asset prices.
Not to say ye shouldnt diversify. But you shouldnt have any money in the bank outside of a couple months of expenses.
Silver-200 ounces per person is a good target
Add a little crypto as well. BTC has been used in Venezuela more than silver has for exchange. Now the USD is whats primarily used. Unfortunately we need to hedge on the possible collapse of the USD.
The SEC doesn't take kindly to market manipulation. WSB here just informed the populace about these predatory hedge funds over-shorting companies, and people are trying to fuck over those companies in a short squeeze. That's why WSB posters are saying "We like the stock" because quite a bit of other language is loaded and can be constituted as investment advice.
Trump would not recommend any particular stock for this reason.
Trump can say he likes a companies product though. Trump could say I buy Baron all his Xbox games at Gamestop or something like that. SEC can't do shit about that
yea and what if it's someone not from America, not from a country with an extradition treaty just doing this?
It's just aggregating publicly available info and saying "hey this stock is shorted" and having thousands and thousands of people buy it up ONLY to say fuck you - because they can.
The only solution i can see is if they somehow ban stock trading for private individuals, but again how can they do that on a global scale? (well... probably the same way they can push a fake virus but who knows)
The SEC doesn't take kindly to market manipulation.
You're right but that's also bullshit.
SEC don't give a shit about market manipulation when it's a hedge fund coordinating a plan to manipulate stock prices, or when the head of a finance firm goes on TV to tell people to buy or sell a stock that he has shares in, or when a politician buys stocks in a company just before announcing a bill that will materially benefit that company.
But it's true that if Trump told people to buy a stock the establishment would sic the SEC on him in a heartbeat and the media would cheerlead the whole time.
I just saw a talking head on fox business freaking out. He is scared people will use their stimulus money in the wrong place and start speculating on stocks. The deep state is scared!! LOL
NOK & AMC are being spammed by bots on WSB, don't buy it.
It's being used to split retail investor support for GME.
This isn't financial advice, I just like the stock.
edit: WSB discord hijacked, the subreddit is now private
I don’t understand how any of this works, but how are a bunch of commie losers on reddit causing Gamestop’s stock to go through the roof? Can I get an ELI5 cuz I see people talking about Gamestop all over the internet.
TLDR: Massive institutions shorted it REAL hard (basically, they thought it was gonna crash so they agreed to buy X shares tomorrow in return for $5 today), meaning they have to buy ~$1B worth of it on Friday. Wallstreetbets decided they should buy a boatload of it and pushed the price way up, both as a way to make a lot of money and to screw over the hedge funds. Other people saw it skyrocket and wanted to get in on it. Other hedge funds who shorted it only a bit are buying stock to cancel out their shorts, pushing the price even higher. Nasdaq, robinhood, etc are all limiting transactions now because they're spooked. If you haven't been in for several days already I advise not touching it because chaos is coming for it this weekend.
I'm curious to see whether they really have to buy it on Friday or not. I would not be the least bit surprised if some government or regulative entity comes out and say "You don't have to buy those shares friendo. We'll just cancel everything you did and freeze all trades on GameStop until we sort this out."
There's a real chance of that. NASDAQ released a statement that they are looking into "social media" and "market manipulation" and may "halt trading if they detect irregularities". Essentially, "Fuck you redditors, you're not rich enough to get away with fucking companies, that's our job!"
Reddit's wallstreetbets bankrupted a few billion dollar hedge funds (or are about to on Friday) because they all started buying Gamestop which had 138% short interest. To short there need to be shares available to borrow and to get over 100% is pretty unique (there is no other stock with over 100% short interest), the brokers borrowed some shares multiple times. This is illegal and will probably be enforced in the future. Since gamestop isn't selling in corona environment all the hedge funds thought it was a good idea to short it (bet on it dropping down) but now the autists on wallstreetbets managed to squeeze them out by buying up all the stock and not selling. This has jacked up the price an insane amount and on Friday all the shorts supposedly have to cover, means BUY the shares they borrowed. Even though there are not enough shares in circulation to cover this. So the current insane stock explosion of a useless stock is bound to come to a conclusion on Friday. Will it explode over $1000?
It's like that time you found a cheat code in a game and shit got insane. Get your popcorn.
The other, key point, is that they doubled and tripled down on their shorts because they were convinced GME was going bankrupt. If they did so, their shares become worthless, and the hedge funds would have gotten every single cent they could have.
The trouble started when Michael Burry (of Big Short fame) took an anti-short position, which kept it chugging along, and then Ryan Cohen (of Chewy) bought into GME. The possibility that Cohen will manage to turn it into a decent e-retailer the same way he did chewy, along with the fact that GME survived long enough to reach this current console cycle, means they're not at an immediate risk of bankruptcy.
This puts the shorts in a really really bad position, as they pay interest for every day they owe the share back past the due date which was probably months ago. Yes, GME MIGHT bankrupt in a year or two... But they can't hold their short positions that long, simply because of interest. It wouldn't be worth it.
Kind of, but I'm in it too (have been for a couple months now) based on wall street fuckery. We're basically playing the exact same game fancy suit-wearing assholes on the street play every fucking day, just using trading apps instead of multi-million hedge funds.
If you're cheering for the hedge funds, you're doing it wrong. They make their money by betting on companies to fail (which is already bad enough), but ALSO by having their media buddies run hitpieces on why the stock they're shorting is gonna go down, you better get out! Then normies panic and sell at a loss, the shorts buy the now discounted shares, and return them to the lender, pocketing the difference.
To boil it down to "commies on reddit" and imply (mistakenly or not) that the hedge funds are the good guys is... Well, no, they're fucking not.
I don’t have a horse in this race so I am not rooting for the hedge fund guys or the reddit guys. I just know reddit is a commie shithole from the several years I was active on there.
wall street bets is based and very pro free speech. They might get banned from reddit for this. Also, they have trump in their logo, which should give you a hint ;-D
True but a lot of these people have made life changing money. Gotta know when it dip out. Otherwise you're just giving the hedge funds back their dirty cash.
Lol that would be funny. We are really rallying around everyone holding GME shares atm. Most trading platforms are trying to slow roll the transactions. Brokerages are tring to pause so their hedge friend buddies can stop their shitty also from bankrupting them. Its so funny to see Wallstreet shutters who funded Biden getting the wrath they deserve
I am not a fan of Reddit nor the big segment of commies that exist there, but I gotta admit I am laughing my ass off at how they screwing over the Ponzi-Market Hedge Overlords with this!
I’ve watched the video posted here explaining it. The thing I do not understand, if someone bought shares of GME before it rocketed up and now their shares are worth $300 a share, can they sell and cash out and make bank or do they have to wait until the short?
It may have been Musk. He’s wanted to fuck Melvin Capital ever since they almost bankrupted Tesla by shorting his stocks. It’s really not that hard to throw a financial coup like this when you’re insanely rich.
That is the money he made dumping the stock after the reddit commies jacked up the price.
Lol that’s a lot of Harriet Tubman’s
NJ in the house, Coastal Monmouth here, behind enemy lines.
Metoo!
FAT STACKS FOR BIG MACS!
Stay strong fren. Reinforcements here in Bergen County if needed.
welcome to GEOTUS' guest bathroom hidden wall vault!
He normally leaves the safe open. Kind of like "take a Pepe leave a Pepe". He's cool like that.
exactly. there's also a sign on the wall vault which states: “Mad Stacks for Big Macs”.
Ocean
Bergen county? Lived there 40+ years ago, in Glen Rock
It's always necessary to have some good guys behind enemy lines. I live in the state that has a Wolf running it with his Tapeworm as a health secretary.
I'm in Boston, send help
Chicago SOS. I hate Mayor Catfish.
I used to live in Rogers Park. Honestly I liked Illinois better than Massachusetts but that's like comparing two dog turds
For the 1st time in my 50 yr old life I am thankful I live in small-town Iowa. 🌽
I live in one of the last good neighborhoods left. Northwest side is just about the only area worth living in at this point.
You're not alone
Chicago fren!
The gabagool
CARRRRRRM
CAN YOU GET THE DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOR
YOU GOT A FLY ON A YOU HAT! * SLAP *
What's good neighbor
It’s Harriet TubMA’AM!
Tubwoman
Tubmxn, bigot.
Fuck a tub!
They used tubs?!?!🤣🤣🤣😂
It's all about the Tubman's
Wallstreetbets arent commies they're autists but unfortunately still over in commie land. We should recruit them here. They will be banned soon after this massive troll
I am a huge fan of what they did no matter who they support/.
They support Papa Elon
Not a bad thing, Elon does more good than bad with his money. He isn't perfect but who is?
Elon seems to be a good guy atm, doesn't seem like money has morally bankrupt him. Time will tell if he stays that way.
He's clearly extraterrestrial, but it would be kind of racist to hold that against him. Especially since he's also an African-American.
He's lost it all before too.
elon is a god, met him personally and love him
We are already here and are in the process of setting up a .Win.
LETS GOOOOOO
I'll be there when it is up.... but be gentle and put some of those teddies in the pot for constructions costs.
Over on the plebbit sub? Bots are spamming new stuff like $AMC. It ended up causing AMC to be frozen and I lost a few bucks in profit thanks to that. I threw in 150 this morning before the market opened and didn't know WSB was pushing it (above 200%). Got caught up in the middle of it and lost that profit when the market froze.
Yeah, saw that. Every new poster was being banned this morning. 500k new subs in 2ish days when the GME news hit mainstream.
Just checked a few domains and found one created today.
Welcome! We think you’ll like it here! 🍻
Thanks! Can't speak for the rest of the WSB retards but I've been here. If I had to choose one I would have to kiss WSB goodbye!
I will be creating a post for our new .win soon.
Awesome! Looking forward to it! I think all of WSB will come around when they see how Reddit is about to treat them. 😉
I fear the infrastructure here can't stand those autists. The GME threads on WSB were getting 100k posts every couple of hours.
As much as i like this being a noncommercial pet project for the mods if we are going to fight in the culture war, we need to prepare for expansion and monetization in some America first way
Agree completely. I have the sudden urge to advertise some MyPillow
You want cake and you wanna eat it. Does not work that way. This is what we are. Go out into the world and do your part to influence the culture in other ways: join gab, cancel big tech subscriptions, avoid chinese products like they are a virus, etc... The reason we are here is because reddit monetizing led to chinese money.
Some of the folks in the WSB crowd have deep pockets. I'm sure we could find a way to make it work without the dirty Chicom money.
We finally found another Dom that can truly match our energy
With our powers combined…
Yeah, it would be rough on the furniture. They even capped their discord channel with 250k members.
Melvin lost billions today. Do we really need that kind of attention here?
That attention is already here.
Im on the wallstreet! Some commies but I don't think a ton
Tell them about us because id bet this stunt will draw negative attention to them
yeah i don't see how socialism and wall street intersect but I'm all ears
oh but the commies like to make money off wallstreet and crony capitalism
We prefer to be called retards!
Yes, I’m here 🤪.
For cereal, we need some investing for retards tips. I know I’m not the only one that has no earthly idea wtf to do and what all the jargon and lingo means, how to read the stuff, etc. Maybe a beginner investment club to learn with a small investment? I’ve tried learning this stuff on my own, but just glaze over. I do better with hands on and people to talk to along the way. The more of us the better. The more wealth we create the better chance we have of taking our country back. Or, I can go lick the windows again.
Yeah we don't do any of that. We buy high risk option contracts for the most part. You don't want advice from any of us(total retards). We don't own or buy stock ( with the exception of GME, BB, and AMC). Mostly gambling. More lose than win. The GME thing the stars just aligned.
The .Win will be up very soon. Next 48 hours I believe.
I keep seeing people post how sophisticated this was. One guy was saying it was a proof of concept! I was like no dude, it's actually a bunch of retarded faggots and gay bears betting huge amounts of money and goofing
Don't forget us Chad Bulls.
Can I be a mod? I gave a 100 bitcoins via the tip bot to cat videos 10 years ago.
I will check it out and hopefully start to glean things from yins. I really do want to learn. I’ve picked up more from pedes than I ever have on my own with dry textbook type sites or videos.
Pink sheets...
We welcome our fellow retard brothers and sisters.
Or he didn't dump and he's burning Epstein's hedgefund buddies to the ground.
This was a shower thought for me last night. He would work from the shadows bring the whole thing down. This has Trump written all over it.
Exactly. Gamestop didn't suddenly become a valuable company because of short squeeze.
Very few are dumping. All holding till Friday when hedges have to close out their shorts, then it is a sellers market.
From what I've read on r/wallstreetbets is that you have until FRIDAY to buy gamestop stock because it'll keep rising until then as the buying frenzy continues. Friday (specifically the last friday of the month) is when stock shorting contracts come to a close and when the billionaire hedgefund managers who are losing money on this will have to pay up. Ofc, Wall Street might do some bullshit and have the market shut down by then, so who knows.
Otherwise, once everyone who got 10x ROI cashes out on friday, they'll have so much cash that they can then move on into all the other mass shorted stocks and have the same thing happen all over again! It's the financial equivalent of saying FUCK YOU to the elites as Trump winning the presidency in 2016
EDIT: the reason GME stock is the big one is because they shorted MORE than 100% of the available stock (because they're greedy fucks) and assuming the gov't doesnt actually stop this whole thing, tomorrow the price WILL go up (probably to $1k+/stock). So if you're feeling like gambling, try to buy some stocks before the market opens. But what the fuck do i know, I'm just someone on the internet.
EDIT 2: Reddit user DeepFuckingValue bought 50k of GME stock ages ago when it was pennies and now has over $50m in share capital and STILL hasn't sold. Dude will need legit protection if/when the elites come after him.
lol going to be hilarious when they drag TD users into the gulag and they read off user names in the kangaroo court.
POOP SMEARED TITTIES, PLEASE RISE.
We now call our next witness - Breanna_Taylor_SwissCheese
Now calling Donger-Lord.
I hope to be there that day to support Poop Smeared Titties
We all stand up one by one and say: "I AM POOP SMEARED TITTIES"
thank you fren C:
Here's how it goes: Mr. Titties, are you familiar with TDW?.....And can you tell us where you were on January 6, 2021?
lmao
maybe if I make enough $ through all of this i can afford a spacex rocket to somewhere far away!
Make a rocket to the moon,
SEC has to go there to get you,
You fly to Mars,
They still chase you
You fly to Europa
They still follow,
You continue, going from planet to planet, from solar system to solar system
You have single handedly jumpstarted American Interstellar Space Travel
All because the SEC wanted to get their hands on some POOP_SMEARED_TITTIES
Netflix here. You're greenlit.
Be sure to mark the 50% of the cast that will come out as LGBT at the beginning of season 2 so that we can prepare promotional materials.
Ouch, my ribs and spleen. Body... not....meant....to...laugh...that...hard.
Can you ELI5 even more about what is happening... you sound informed and not angry.
I'm not an expert or a novice at this stuff, but I do understand the basic concept.
So, let's pretend.
I run a hedge fund.
I make money off throwing money around. A lot of times this is other people's money. So, you have this stock. It's Gamestop. Gamestop is shit, has been for over a decade. It's stock has been SLOWLY but consistently trending down in value. You hold this stock and really can't sell it because you'll take a huge loss on it. Better hold it and hope for a rebound at this point. My firm comes to you and says, hey, I will lease that stock from you. You still own it but for the term of the lease, we can do what we want with it (including trade it, as long as we get the stock back to you before the lease ends) and when the lease is over, we WILL give it back to you. You make some money leasing the stock, which is better than making 0 on it from just holding it.
Meanwhile, what I'd like to do with my newly leased stock, is sell it right away. It's value is drifting DOWN. I want to sell it while it is as high as possible to get the most money I can for it. My hope is that by the end of my lease, the stock will be as low as possible. Why? Well, I gotta buy it back to return it to you. And I HAVE to buy it back because in my lease I agreed I would return it and other laws and rules etc.
So to recap (and lets make up some low numbers to help)
-I lease bad stock very cheap.
-I made it so my lease is for 6 months because I predict that is when the stock will drop to it's lowest possible value)
-I sell it at $100 per share (and for this example we'll stay at 1 share.)
-Boom! I made $100 (minus the tiny % from the lease I gotta pay, so like $93).
-6 months is coming to an end...Gotta return your stock.
-I buy the stock for $2 to $3 a share.
-I give it back to you.
-I netted around $90 a share over my lease (The $93 from a few points above minus the cost of rebuying)
-All without using my money or stock.
People saw the gamestop lease was about to end and dumped a lot of money into gamestop stock to get the mandatory buyback price as high as possible. The firm has got to buy back that stock to return it to the owners, and right now the price to buy stock is VERY high.
This is a fairly good explanation. There is one more factor at play here that made this all viable. The number of shares on short contract far exceeded the number of shares outstanding. That mean as of the close of business Friday all those co tracts that will have to buy shares will find that there are not enough shares on the market to buy to fullful their obligations. So as they sell their shares at a massive loss and return/release them to the original holders they will have to also then buy those stocks from the original holders to cover the rest of their contractual obligations. It's called an infinite squeeze because in theory there is not bottom to losses or top to prices in this scenario.
Thanks for the extra insight fren.
I'm just learning about this for the first time too.
Apparently, it's even better/funnier than that.
So, imagine the above scenario. Except I cut out the borrowing of stocks in the first place.
I simply sell you a stock I don't even own. I promise to deliver it later.
I'm hoping that the price of the stock dropped by then, so I pay less for it than what you paid me.
Later arrives. I finally buy the stock and deliver it to you.
This is known as "naked shorting".
Reddit autists found out big money / old money dudes were naked shorting Gamestop and started pouring their money into it for the lulz or something.
Gamestop is now skyrocketing as a result.
The corrupt establishment sold shares of gamestop that they don't own (naked shorting), and time's up. They now have to buy it at an exorbitant price to keep their promise, and they're gonna lose a ton of money on it.
thats not explaining like somebody is 5....that is explaining like somebody is a fucking investor lmfao
Ok...
-I borrow thing from you. I will return it in 6 months, k?
-Thing is losing it's worth.
-I sell thing for $100 to my neighbor who wants it. I know it's losing it's worth and plan to buy it back from him once it's worth almost nothing.
-6 months pass. I gotta return your thing. I buy it back from my neighbor for $3 because he wants SOMETHING back from his $100 purchase.
-I give it back to you.
-We're back to square 1....except.
-I made over $90 from the thing I borrowed from you.
That's how it should have worked. Until reddit stepped in and made the worth of the thing skyrocket to $300 instead of sink to $3.
It's not necessarily about deserving anything. It's an opportunity to make money, so people will take it. It's just the hedge funds are the loser this time.
Hedge funds are just hard to feel bad for because some of their ways of making is BETTING and MANIPULATING THE MARKET so a stock tanks. This scares ordinary stock owners like you sell at a loss, while they buy low and profit off you. Again, all of this being planned.
At last I get it. If they create a Finance win, please post personal finance lessons for dummies! It's never helpful when people use finance words to explain a finance thing to someone who knows nothing about finance.
Your friend got a brand new PS5.
You tell your friend you'll give him $1 if he lets you borrow it for a week. He agrees, so you take his PS5 home and immediately sell it on eBay for $500.
You do this because you heard a rumour that PS5's are going to be on sale at Walmart for $450 later this week, so you plan to use the $500 you made on ebay to buy one of those to return to your friend, and then you can pocket a cool $50.
Walmart sells out of PS5's before you get a chance to buy one, so now you have to get one on eBay to return, and the price there has gone up... but you just have to pay whatever that price is because your friend is going to be pissed and get parents involved. You finally find one for $1000, so you lose $500, but you're lucky because if the price had been higher you'd have lost even more.
So, that describes how you can make and lose money on shorting.
To get the current situation with game stop, modify as follows:
Love the explanation, and username fits the scenario you've outlined I find. 👌🤣
I'm probably asking the wrong question because I don't really understand how the stock market works, but could this be done to Facebook? I guess what I'm asking is could something similar be done to Zuckerberg that would cause a massive loss of confidence in his shitty company and cause it to faceplant if not completely crash and burn?
There's $527B of facebook stock out there, and it's only shorted 1% (you want 50%+ for this, preferably 80%+, gamestop was at 120%)... so not really, no.
Plus, the assholes at facebook own facebook stocks, not facebook shorts, so if we did do this to them they'd just make a boatload of money.
Maybe not FB, but if somebody can advertise Soros backed hedge funds we may have a lot of fun!
If we found a soros bet with a large short % we could definitely have a party :)
MAGA_Centurion, I've read so many explanations of this and yours is, hands down, the easiest to understand. Thank you!!!
I don't think you read LessAndLessIronic's answer then... his was even better and funnier. :-D
TLDR: Massive institutions shorted it REAL hard, meaning they have to buy ~$1B worth of it on Friday. Wallstreetbets decided they should buy a boatload of it and pushed the price way up, both as a way to make a lot of money and to screw over the hedge funds. Other people saw it skyrocket and wanted to get in on it. Other hedge funds who shorted it only a bit are buying stock to cancel out their shorts, pushing the price even higher. Nasdaq, robinhood, etc are all limiting transactions now because they're spooked. If you haven't been in for several days already I advise not touching it because chaos is coming for it this weekend.
I tried to get in to short it today and they wouldn't let me. Ameritrade is bs.
Yeah, shorting it with a target date of a month from now would probably be a good play. But shorting is always risky as it has basically limitless losses if something goes sideways.
Yeah. I know. I was only going to short a few shares. My account wasn't even funded until this morning. I used to trade often but now I'm more interested in real estate. It's unquestionably way, way over priced, though, and going to fall.
Cool, just trying to make sure nobody dumps their retirement fund into a gamble run by some autists. But if you want to gamble some disposable income there are a few other stocks that the autists might roll their winnings into and try to repeat the magic, I just bought a few MAC; DDS and FIZZ might also kick off.
Edit, fuck it, just bought a light sampler of all three.
I work with a dumbass that shorted the stock at $77. That $12,000 bet lost him $54,000. Wanna know the best part? He hasn't told his wife yet. LMAO.
The funny part is that it's overvalued at $77. It's not that the elites are wrong on the merits on this one... But screw em anyways.
When's his short come due? If it's next last friday he might do ok, if it's this friday he's fuuuuuuuucked.
This is only true of naked shorting. You can short stocks without taking in unlimited downside risk.
Usually you would limit your potential downside by buying other options to go with it. If you bought some out-of-the-money calls at a strike price higher than today's, for example, and the price went to the moon, you'd start making a dollar from your calls for every dollar you lost shorting.
Yeah they released a message saying they were going to restrict trading on Gamestop, AMC, and other securities "out of an abundance of caution".
What do they even exist for if they won't let you trade?
The system was never meant for commoners to use. Especially if the commoners make trades that hurt the insiders.
No worries.
My dogecoins are staying right where they are.
Thanks for the TLDR
Friday is not a cutoff, that is a myth being pushed around
Their shorts were contracted for the last friday of the month. If you have a source that says otherwise please link.
https://old.reddit.com/r/wallstreetbets/comments/l5ws97/friday_12921_gme_expiry_date_means_nothing_dont/
Gotcha, they can pay penalties and hold past friday, which would save them money if it crashes back down, so it's likely they at least try to stretch this out.
dude i just started learning about all of this 1h ago by going to r/wallstreetbets (the subscriber count has been increasing by thousands per minute) and reading the top posts, as well as some of the other posts here on c/patriots and other communities - EVERYONE is talking about this.
SOMEWHERE in all of that I found THIS: a deleted post about what has been happening behind the scenes these past few days and just how hard the elites are getting fucked by this
been trying to go thru the crazed post over at r/walls.. and can't tell if buying until friday is just meme talk like they kept saying dodge to the moon.. lol
but awesome stuff if it all works out for everyone here on out.. I'll have to pay more attention to learn and get in earlier.
I feel they will too just to protect the rich who caused the short sale issue that the head funds caused the issue.
I just tried to create a robinhood account and it doesn't let me. Guess they blocking everyone but rich to make money..
damn.
Yeah, when you play the stock market you are competing against hedge funds, and winning is illegal.
Archive because brave browser doesn’t let me see reveddit for some reason
https://archive.vn/SZxDM
I hope it's Trump and Mike Lindell and Pat Byrnes buying Gamestop shares.
Watch this video. It's long but it's the best I've seen for people unfamiliar with the stock market and the situation. If you really want to understand, it's more than a TLDR/ELI5.
https://www.youtube.com/watch?v=4EUbJcGoYQ4
Just watched it. This was the simplest way to put it and I understand it all. I highly recommend watching this video. First time I’ve ever been proud of a group of redditors (besides when a group of people from r/theDonald helped elect a certain GEOTUS as president)
This is awesome
https://youtu.be/9ToOGrUQ7ME
https://financhill.com/most-heavily-shorted-stocks-today
Theres still more legs on it.
I would highly advise against entering unless you want to be a bag holder though. Theres other stocks that are safer that are also showing short interest. MAC is my play, as it was a play before short interest hit. If ye caught bagholding ye own a reit with a nice dividend.
AMC is looking also as the weaponized autists next target. I bought a smidge today as a "fuck it" play. Worth a dice roll. Other plays include BBBY, BlackBerry, Nok.
Or just buy some shit ye like off the massive dip the market took today, or dca down on current holdings
Thaks Autists, idk what tf is going down tomorrow or in the next wk. MAGA
Just threw a hundred at MAC. Enough to get my feet wet without being anything to worry about. If it pulls a gamestop I'll send you a bottle of Trump champagne!
It wont most like. Def going to shoot up into the 30s soon.
I bought NOK yesterday, unlike most of the others there's no reason to suspect long term weakness, but it has the same energy behind it.
I've been holding INO for a while, and while there seems to be no mention of it on wsb, it also had a great day.
NOK & AMC are being spammed by bots on WSB, don't buy it. It's being used to split retail investor support for GME. This isn't financial advice, I just like the stock.
edit: WSB discord hijacked, the subreddit is now private
I got banned from Reddit after The_donald and banned from multiple subs til they killed my 9 year account. Lol cannot go back. Also stocks are useless when the dollar is going to be shit real soon. Should focus more on hard assets and making sure you have stock up on food. Some major forced shortages in the future. Especially the fall I believe when the real shit will kick off. I have buying lots of silver.
I agree the dollar is going to shit but there are plenty of great stocks to ride out a dollar collapse. Silver miner stocks are a great example. Lots of foreign stocks will do well too. Just gotta know what you're doing and don't trust an "investment advisor" because most of them are morons.
Yea my friend is one. He told me I was stupid to invest into PLUG. I am up 1700% in one year. Bought TSLA during the March dip and got 10 shares out of the split. I recommend watching Graphene stocks and satellites like GILT.
Ye wrong about stocks. Think of it as an inflationary hedge. All that money has to go somewhere, and where it goes is into asset prices.
Not to say ye shouldnt diversify. But you shouldnt have any money in the bank outside of a couple months of expenses.
Silver-200 ounces per person is a good target Add a little crypto as well. BTC has been used in Venezuela more than silver has for exchange. Now the USD is whats primarily used. Unfortunately we need to hedge on the possible collapse of the USD.
NOK & AMC are being spammed by bots on WSB, don't buy it.
It's being used to split retail investor support for GME.
This isn't financial advice, I just like the stock.
Archive
https://archive.vn/ztZW1
I bought 5 shares today, not planning to get rich but would like to double my money
Edit: Don't leave any money you can't afford to lose in there, but otherwise ride it out. Will be wild.
Archived in case info wars gets taken down (and also so I can find this comment easier)
https://archive.vn/wip/xURoS
Can you imagine what would happen if GEOTUS recommended a stock? I know I would buy...
He could break the market at will
The SEC doesn't take kindly to market manipulation. WSB here just informed the populace about these predatory hedge funds over-shorting companies, and people are trying to fuck over those companies in a short squeeze. That's why WSB posters are saying "We like the stock" because quite a bit of other language is loaded and can be constituted as investment advice.
Trump would not recommend any particular stock for this reason.
Trump can say he likes a companies product though. Trump could say I buy Baron all his Xbox games at Gamestop or something like that. SEC can't do shit about that
yea and what if it's someone not from America, not from a country with an extradition treaty just doing this?
It's just aggregating publicly available info and saying "hey this stock is shorted" and having thousands and thousands of people buy it up ONLY to say fuck you - because they can.
The only solution i can see is if they somehow ban stock trading for private individuals, but again how can they do that on a global scale? (well... probably the same way they can push a fake virus but who knows)
You're right but that's also bullshit.
SEC don't give a shit about market manipulation when it's a hedge fund coordinating a plan to manipulate stock prices, or when the head of a finance firm goes on TV to tell people to buy or sell a stock that he has shares in, or when a politician buys stocks in a company just before announcing a bill that will materially benefit that company.
But it's true that if Trump told people to buy a stock the establishment would sic the SEC on him in a heartbeat and the media would cheerlead the whole time.
Pelosi bought $1M in pfizer right before the vaccine was announced. Rules for thee, but not for me.
Trump can say whatever he wants. He still has first amendment rights. Liking something is not the same as giving investment advice.
I bought $WKHS after he mentioned it in a speech when it was $3.
It hit $35 this week.
I got PLUG at 3.85 a share and got around 180. Now it's at 79 a share. Got me a nice chunk of change.
I sold my $PLUG at $25 like a dummy.
Elitist heads would explode
If he can get back at the elites that way, power to him
The horror of Wall Street hedge fund managers that plebes are fucking with their scam: PRICELESS.
Fitting to because Gamestop's slogan/motto is Power to the players!
😂😂😂 I’ve never seen this pic before either! What a gem lol
I just saw a talking head on fox business freaking out. He is scared people will use their stimulus money in the wrong place and start speculating on stocks. The deep state is scared!! LOL
Everyone jumping on Nokia now too. Love these kids playing with monopoly money
NOK & AMC are being spammed by bots on WSB, don't buy it. It's being used to split retail investor support for GME. This isn't financial advice, I just like the stock.
edit: WSB discord hijacked, the subreddit is now private
That's what everyone is saying, but i personally know a telegram group of thousands of people that are actually actively buying, and it shows.
They will do what they want and that's fine. Might not pump to GME levels but it's not just bots
WSB went private an hour or two ago
Burn it all down. Fuck it. Lets get it over with.
AMC going up, too.
Just bought a FUCK ton of both GME and AMC.
FUCK THE SYSTEM. BURN IT DOWN.
I don’t understand how any of this works, but how are a bunch of commie losers on reddit causing Gamestop’s stock to go through the roof? Can I get an ELI5 cuz I see people talking about Gamestop all over the internet.
TLDR: Massive institutions shorted it REAL hard (basically, they thought it was gonna crash so they agreed to buy X shares tomorrow in return for $5 today), meaning they have to buy ~$1B worth of it on Friday. Wallstreetbets decided they should buy a boatload of it and pushed the price way up, both as a way to make a lot of money and to screw over the hedge funds. Other people saw it skyrocket and wanted to get in on it. Other hedge funds who shorted it only a bit are buying stock to cancel out their shorts, pushing the price even higher. Nasdaq, robinhood, etc are all limiting transactions now because they're spooked. If you haven't been in for several days already I advise not touching it because chaos is coming for it this weekend.
Thanks fren! Makes a bit more sense now.
I'm curious to see whether they really have to buy it on Friday or not. I would not be the least bit surprised if some government or regulative entity comes out and say "You don't have to buy those shares friendo. We'll just cancel everything you did and freeze all trades on GameStop until we sort this out."
There's a real chance of that. NASDAQ released a statement that they are looking into "social media" and "market manipulation" and may "halt trading if they detect irregularities". Essentially, "Fuck you redditors, you're not rich enough to get away with fucking companies, that's our job!"
Reddit's wallstreetbets bankrupted a few billion dollar hedge funds (or are about to on Friday) because they all started buying Gamestop which had 138% short interest. To short there need to be shares available to borrow and to get over 100% is pretty unique (there is no other stock with over 100% short interest), the brokers borrowed some shares multiple times. This is illegal and will probably be enforced in the future. Since gamestop isn't selling in corona environment all the hedge funds thought it was a good idea to short it (bet on it dropping down) but now the autists on wallstreetbets managed to squeeze them out by buying up all the stock and not selling. This has jacked up the price an insane amount and on Friday all the shorts supposedly have to cover, means BUY the shares they borrowed. Even though there are not enough shares in circulation to cover this. So the current insane stock explosion of a useless stock is bound to come to a conclusion on Friday. Will it explode over $1000?
It's like that time you found a cheat code in a game and shit got insane. Get your popcorn.
if you're willing to take a risk, buy it before the market opens tomorrow (thursday) and sell before it closes. you'll probably make money
Remember, the price is going crash rapidly when this juicy baby pops. With all the trading halts that will happen, you might not be able to dump it.
It is gona be a wild ride.
The other, key point, is that they doubled and tripled down on their shorts because they were convinced GME was going bankrupt. If they did so, their shares become worthless, and the hedge funds would have gotten every single cent they could have.
The trouble started when Michael Burry (of Big Short fame) took an anti-short position, which kept it chugging along, and then Ryan Cohen (of Chewy) bought into GME. The possibility that Cohen will manage to turn it into a decent e-retailer the same way he did chewy, along with the fact that GME survived long enough to reach this current console cycle, means they're not at an immediate risk of bankruptcy.
This puts the shorts in a really really bad position, as they pay interest for every day they owe the share back past the due date which was probably months ago. Yes, GME MIGHT bankrupt in a year or two... But they can't hold their short positions that long, simply because of interest. It wouldn't be worth it.
One of the autists tweeted "We can remain retarded longer than they can remain solvent."
Kind of, but I'm in it too (have been for a couple months now) based on wall street fuckery. We're basically playing the exact same game fancy suit-wearing assholes on the street play every fucking day, just using trading apps instead of multi-million hedge funds.
If you're cheering for the hedge funds, you're doing it wrong. They make their money by betting on companies to fail (which is already bad enough), but ALSO by having their media buddies run hitpieces on why the stock they're shorting is gonna go down, you better get out! Then normies panic and sell at a loss, the shorts buy the now discounted shares, and return them to the lender, pocketing the difference.
To boil it down to "commies on reddit" and imply (mistakenly or not) that the hedge funds are the good guys is... Well, no, they're fucking not.
I don’t have a horse in this race so I am not rooting for the hedge fund guys or the reddit guys. I just know reddit is a commie shithole from the several years I was active on there.
wall street bets is based and very pro free speech. They might get banned from reddit for this. Also, they have trump in their logo, which should give you a hint ;-D
Did not know that, good to know. If reddit bans them they should come here.
If the people in WSB are "commie losers", then I guess I'm a commie loser, too, because I am LOVING what they're doing
HE CAN’T KEEP GETTING AWAY WITH THIS!
LOL!!
Sources familiar with Donald Trump’s thinking verify this to be true.
I’m just worried for those that stay on the rocket 🚀 when it crashes down.
Our statement to the elite - "if we burn, you burn"
The idea is to use money you are happy to burn for shits and giggles.
If you end up making a profit, awesome! But it wasn't the idea.
True but a lot of these people have made life changing money. Gotta know when it dip out. Otherwise you're just giving the hedge funds back their dirty cash.
I agree. Like picking a penny up in front of a freight train. Secure the bag and pull the parachute before it's too late.
CANT STOP WONT STOP GAMESTOP!!!
This is how to occupy wallstreet. Occupy their money.
Leftists couldn’t figure that out because they aren’t capable of spending their own cash to do it
GME & AMC to the Moon!
Would be epic if Trump commented on this or got involved
wish we had to hear from him
Elon was just channeling Trump with his "GAMESTONKS!" tweet
Just bought some at the top for the thrill of it. Hopefully it goes to 1k
These funds doing naked shorts are retarded
the GOAT
Billionaire to Trillionaire over night. Thanks reddit.
u/doggos
They will take down that sub sooner or later.
Are you talking to the people from that sub for maybe...WSB.Win ?
Lol that would be funny. We are really rallying around everyone holding GME shares atm. Most trading platforms are trying to slow roll the transactions. Brokerages are tring to pause so their hedge friend buddies can stop their shitty also from bankrupting them. Its so funny to see Wallstreet shutters who funded Biden getting the wrath they deserve
I used the $600 he gave me and turned it into $3200 on AMC. Holding untill the price hits $30
I bet he still has fresh untouched 100s from 1985. lol.
I keep hoping he is seeing what is going on and helping out the cause.
This shit is hilarious.
I how Grump makes a big comeback in the coming months and makes the libtards Reeeeee even more!!
lmfao
Anybody have videos of the spicer takes.
I love watching these short selling wallstreet asshats lose their shit.
FAFO Money!
Caching!!
i always liked electronic boutique more
Big hands!
Great. Now the New York Times and WaPo will run with this and the DOJ will use it as a basis it investigate Trump again. I’m only half joking.
Good for him!
How long til the pandemic is over to prevent people from controlling the markets?
MIGA
Make investing great again
you get a whip and I get a saw, honey
You get a whip and I get a saw, babe
You get a whip and I get a saw
One good trend pays for ‘em all.
Honey, trader, ba-by mine.
Buying Gamestop is one of the most patriotic things a person can do right now imo, it's sticking it to the machine that the donald has been fighting.
Currently in for 14 shares.
Looks like WSB sub has been admin-ed if you catch my drift
I am not a fan of Reddit nor the big segment of commies that exist there, but I gotta admit I am laughing my ass off at how they screwing over the Ponzi-Market Hedge Overlords with this!
This is more true than you know.
I've seen this guy somewhere before. Does he or did he have a tv show?
New WSB Discord: https://discord.gg/Vwswu9WJ
Temporary sub: https://www.reddit.com/r/Wallstreetbetsnew/
So now that r/wsb is down, are going to give them a new home on the .win?
my two heroes in a single photo
Daddy can trade stocks again.
I’ve watched the video posted here explaining it. The thing I do not understand, if someone bought shares of GME before it rocketed up and now their shares are worth $300 a share, can they sell and cash out and make bank or do they have to wait until the short?
if you bought shares you own them, you can sell whenever you want.
It may have been Musk. He’s wanted to fuck Melvin Capital ever since they almost bankrupted Tesla by shorting his stocks. It’s really not that hard to throw a financial coup like this when you’re insanely rich.
Should I buy some Game Stop stock?