No wonder they killed Wall Street Bets... they cost the criminals 14 B-I-L-L-I-O-N
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Modern problems require modern solutions
indeed they do ;)
Is this really an organic strike against the baddies?
Just seems too spicy to b tru. Mmm.
It does seem organic. Although, it makes sense if this is orchestrated. This will take out some hedge funds. Maybe some of their banks are affected by that which causes a domino effect that takes down other banks and then the entire financial system. Of course this could be prevented, but wouldn't they love to take down this system and blame it on the small investors?
I put a Benny $100 on it. Fuck the banks. I can afford to lose it.
oy vey! the 6 quadrillon!
You... I like you.
I love it.
MemeClosedEyesTouchingFace.jpg
(>ლ)
Go away, Kamala. We’re busy.
LOL I hope the above comment stays forever just so this comment keeps it's context.
You're looking for Eric Swallowsall. He can be reached at https://swalwell.house.gov/contact
I want formal sex
Its Ma'am!!!!
yeah... I'll get my tux
Tux or tuck?
Finkle is Einhorn.....Einhorn is Finkle!
You mean Dog fashon?
I want uncasual titty bang bang from fang fang
You ment bang bang.
GO AWAY WHORE TROLL!
hahahaha dumbass hedge morons
same elite hypocrites story: rules for thee but not for me. And you know congress will shut down average citizens from doing this again. They cant have them playing in the elites ball pen.
The issue is there's more money in mutual funds and other vehicles of savings than what these hedge fund managers have. We're talking Trillions of savings vs a few coke snorting assholes who have billions. Locking out the average citizen to buy, sell and trade stocks also hits the Management companies. TDAmeritrade, Merill, Ameritrade and the up and coming Robinhood. While these companies may have their hedge subsidaries....the loss of Mrs. Parker buying and selling 5000 dollars of stock daily making only 100-200 dollars of profit will add up (if the average buy/sell is 7 dollars a trade). Those companies wont risk billions of steady cash flow because their asshole coke snorting 3 time felon of a cousin couldnt make 100 million from destroying some small cap company.
They shorted a penny stock.
Low upside. Unlimited downside.
If the stock had gone to zero the most they could make was around $200 million (or $0.2 billion).
Let me write this out with the zeroes for better visibility.
Potential gain: $200,000,000
Today's Loss: $14,300,000,000
It wasn't about getting the stock all the way to zero.
This is the classic short squeeze hostile takeover. Their goal was to own GameStop at the end.
Remember Robin Williams' character in Hook?
This kind of shit is why he hated himself.
Spez: apparently the hedgies opened their position with a share price of roughly $50. Unconfirmed, but reports are that their downside exposure is...
Wait for it...
$1B per $11.95 rise in stock price.
With a current stock price of $350, that info predicts a current loss for the hedgies of...
$25B
Amazing. I hope that info is reliable.
Good lord, they're stupider than I thought.
Talked to a investor buddy about Game Stop’s future before any of this happened. Apparently the guy from the online store Chewy bought a 10% stake awhile back and was steering the company into online offerings and esports. (Not saying it would work, but they was at least attempting to adapt to modern times.)
I buy from Chewy all the time and everything about the process is a fucking pleasure, even when things go wrong. Most pleasant company to buy from. If anyone could make GameStop into something modern and moderately successful, it'd probably be that guy.
🤣
/belly laugh
I thought his character in Pan was a grown-up Peter Pan, or am I thinking of something else?
That’s Hook isn’t it?
You're right. It was his character in Hook.
My bad. 🤡
This makes it sound like even if its $350 i should still buy some...
Don't want to give financial advice.
If the frenzy drives the share price over its fundamental (real) valuation, it will correct back down at some point.
We may well have already passed that valuation.
That said, the goal is $1000 by Friday...
idk, to me it was more about the message it sends and "holding the line".
In that case, make the buy!
My understanding is the hedge fund idiots are trying to wait it out by borrowing more and more money and wait for people to panic and start selling so they can minimize their losses.
What they don't understand is people are explicitly waiting for them to start liquidating holdings to pay off their losses, so they longer they wait the more money they lose. We'll see what happens. Lots of people are probably gonna buckle for some of that life changing money, but many other will probably hold the line.
Didn't they freeze it?
True. The company will certainly receive some helpful attention from this.
If they play their cards well, they could become a populist icon to the left and the right, something I would have told you was impossible roughly 3 days ago...
At the least, put one dollar to buy a fractional stock
Are these hedge fund guys used to dozens of billions or hundreds of billions? Or trillions even? Oh,please tell me they are used to just a few millions.
The whole thing is so unbelievable, because the most the shorts could make was $4 per share if the price fell to zero.
If the price had stayed at $12 they would still lose double their potential maximum gain.
if the price had stayed at $44 they would lose ten times their potential maximum gain.
$284? Seventy times their potential maximum gain gets lost.
Up to $350 now
But they can't lose!
Wall street fag with noose. Jpg
Wow. Those hedgefund guys just made the biggest mistake of their careers.
Can someone explain this in layman’s terms?
I understand the jist of what happened but I need it explained like I’m 5 to fully understand how they lost this money
Super short version:
Hedge fund borrowed a bunch of shares of gamestop stock, promising to return them at a particular date. Then, they immediately sold the stock, assuming that the price will be lower on the date of return, allowing them to pocket the difference. (This is called a short sell). The fact that they made this trade is public information, including the date of return.
Wallstreetbets users decided to buy up all the loose shares of gamestop on the market, refusing to sell until after the dare of return. Now, the hedge fund has a very small supply of gamestop shares to purchase from, but a demand for a very high number before that date of return.
Prior to wallstreetbets cutting the supply in the market, gamestop stock sold for less than $10 per share. The hedge fund was betting on the price decreasing before the date of return. Instead, the supply shortage has made the price for gamestop stock rise to over $300 per share.
Hedge fund now must spend ~100 times per share more than they were expecting to finish this deal - if not more. That could amount to tens, if not hundreds of billions of dollars.
Thank! This is fucking hilarious 😂😂
i believe they also pay interest on the short so the higher the price goes the higher the interest they have to pay to stay in the trade.
& this particular Hedge Fund was $12bill between 7 people/companies
Hahahahahaha oh that’s fucking hilarious
What was the name of the hedge funds? I'd like to go Google their faces so I can see what they look like before their worlds come crashing down.
Melvin Capital
sure, I think it's Melvin Capital Hedge fund, look at any of the GameStop/GME articles, u'll find it
And the best part is they figured the short squeeze would be the driver for the stock drop. They tried to rally to drive it down.
It's like a guy trying to intimidate a small fry only for the small fry's brother to walk up and wreck him.
There's more to it than just borrowing the shares. They also pay interest for the time they have the shares. It's about 50% APY, and its based on the CURRENT price of the stock.
They're bleeding millions and there isn't enough shares to close their position. They are going to sit here and watch money bleed out their asses till they eventually buy it back.
short interest is actually climbing https://www.marketbeat.com/stocks/NYSE/GME/short-interest/
Short Percentage of Float is the percentage of shares shorted compared to the float. As of today, GameStop's Short Percentage of Float is 292.53%.
Yes, but I was giving the version a super layman can understand
And you did great. I was confused about the whole thing until I realized they were borrowing shares, not buying them. So thanks for you help!
AHAHAHAHAHAHAXAXAXAXAXAXAXAXAXAXAXA
hey can you give an update for us normies? did these original short sellers, buy back already? or are they fcked and if so, should i buy some GME For the lols?
Thanks for breaking this down.
Thank you for the explanation
We needed that ELI AOC, for certain.
Speaking of, I wonder what's her take on all this, considering she's the first to yammer on about 'Wall Street' and how bad all those mean stonks breakers are.
Short sellers got someone to loan them a stick of butter and thought they'd be trading it back for a whole cow in a few weeks ---- but now they gotta give back not only the butter, but also a few cows of their own.
Short sellers got someone to loan them an ear of corn and thought they'd be trading it back for a whole stalk in a few weeks ---- but now they gotta give back not only the cob , but also a few fields of corn of their own. (Veganized it for you)
Democrats got someone to loan joe a kid to sniff and thought they’d be trading it back for a whole caravan in a few weeks —— but now they have to giveback not only the kid they damaged, they have to turn the upset caravan away at the border.
Finally someone putting it in terms i can understand!
That you Joe?
Swampers were gonna swamp, but then the autists weaponized. Fat cat money go POOF! Little guy money go HAHAHA BRRRRRRRR~~~!
Millions of cows. You should edit that.
How many sticks of butter are in one cow?
Look up the difference between a million and a billion. Then multiply that times ten.
9,990,000,000 sticks seems like a lot... are you certain?
Perfect analogy, thanks fren!
i think this is the "jist" of what he already understood
https://patriots.win/p/11SK7KTZoM/on-gamestop-why-hedge-funds-are-/c/
Thank you, this was very helpful!
Not me but it's good. https://greatawakening.win/p/11SK7FvB39/x/c/4DvnLrbgrU0
This was excellent, thank you!
If they do, get ready for a massive tax-payer bail-out!
Unfortunately, the bulk of people being red pilled is often the same that were red pilled previously. We get maybe 10% more people each time something major happens.
The effect also is that after you've been red pilled multiple times, reality in your universe starts diverging significantly from the reality of those who have not been red pilled at all yet.
Even when a huge majority is red pilled, they just unleash a Dominion disaster on us and steal our voice.
Very true.
I hope so. I sometimes wonder though, if you haven't been red pilled yet, what would it take? This last year has been raining red pills all over the place. You would have to willfully refuse to see them to miss them.
Hedgefund Fags: NOOOOOOOO! YOU CAN'T OUTSMART OUR RIGGED SYSTEM! WE RIGGED IT SO WE CAN'T LOSE MONEY! WE'LL SIC THE SEC ON YOU IF YOU DON'T SELL!
Chad WallStreetBets: LOL, GET BENT
Where do we go now? Did they have a back up forum? We need to get as many people as possible on like three different message boards to do this. Like legit financial warfare. Literally each board gets like 1-3 stonks to go fuck up.
WSBets.win. It is up and running.
Why isn't it in the sidebar??
They have a .win now, but the OG wallstreetbets is just private until it blows over, and then they plan on going back to business as usual over on reddit.
2.8B yesterday. 14B today... How much tomorrow, and how much when the bloodbath really kicks off about noon on Friday?
I cannot wait. This is great.
hey, only Really Important folks like central banks and hedge funds are supposed to manipulate the market!! The little guys aren't supposed to do that!!!
Imagine getting rear-ended because of autists investing into a company that supplies video games to said autists by other autists.
It's absolutely beautiful. See you fellow tendie tards in future econ class books! And remember: HOLD THAT LINE
Hvala!
Halo, fellow Croat! 🇭🇷🇺🇲
Just related by marriage :) My in-laws are from Istria :) Love your user name
Once you marry a Croat, you become a full-fledged one. Welcome to the nationality! My family is all from Slavonski-Brod, pretty much the hillbillies of Croatia. Istrians are great people, with some amazing food. You found a keeper!
Yes the food is....incredible. No one does it better!!
This is the number I was looking for. I hope it wipes away as much of their profits they've been leeching from President Trump's economy. And I hope they keep fucking with these hedge fund short sellers. A taste of their own medicine.
Sucks for their investors, but as they always remind us plebes, investments have risks.
Oh, and where are the breathless headlines about the millions these wall street insiders take in day after day...
I'm shedding no tears.
Hedge fund loses billions. Retail investors are making hundreds of millions. It’s an actual ROBINHOOD situation!
And now robinhood won't allow customers to buy those securities.
Total sham.
It’s one of the most unamerican things I’ve ever seen. Fuck Robinhood, I’m closing my account.
FANTASTIC
Given how corrupt Wall Street is, I'm laughing in joy at their distress. These fuckers deserve it.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH >inhale< HAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHA
GOOOOOOOOD.
They are the equivalency of a stock market troll. They finally got what they deserved.
That's amazing.
I honestly could care less. The little guy has bailed out these fuckers as they continue to rob and steal from us. Trump started to put the screws on these managers because of what they were doing to middle America.
People like Buffet and Romney are Vultures and the scummiest asshats in history. celebrating loss (because its their gain) and misery when companies underperform.
Oh I feel so sorry for the short sellers......../s
Hahahahhahahhahahahahahahahhahahaaaa.
Haaaaaahahahahahahahahahahahahhaha.
Their wives will have to go back to their third house because they'll sell the 4th. Boohoo fucking hoooooo
Isn’t this like complaining to a casino when you lose to roulette?
It's only fair when THEY win. lol pussies
>Short-sellers lost $14.3 BILLION today
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahahahahahahahahahahahahaha
LOLCATS!!!!
Priapism.
How did they manage to own them this badly
They are arrogant fags who are not as smart as the people they are getting owned by.
The commercials on the radio always say something about all investments come with risk. YMMV.
:)
https://imgflip.com/i/4vmc38
Banning subreddits for "hate speech" "wrong think against minorities" "racism against china" "misinformation"
r/wallstreetbets "costing our paying oligarch overlords money"
Another big fat red-pill for the red-pill pile.
I got some. Made billionaires lose billions, worth the investment.
Couldn't have happened to a more deserving bunch of crooks.
Someone please ELI5
To keep it with simple numbers.
Let's say you have 1000 shares of Gamestop and they're worth 4$ a piece.
I borrow your 1000 shares with the promise of giving them back to you in a month.
I sell those 1000 shares at 4$ and pocket 4000.
I expect the price to drop by the time I have to give them back to you. If the price has dropped to 1$, I'll pay 1000 to buy them and give them back to you and I keep the 3000 profit.
However what happened here is that some folks caught wind of what was going on and started to buy all the available shares.
So now comes the day where I gotta give you your shares back, but now they're worth 350 a piece, so it costs me 350,000 to buy them back.
So instead of 3000 profit, I'm now in the red for 346,000.
This is what is happening this week, except their loss is currently in the tens of Billions, and climbing.
Very nice explanation.
Oh man this timeline y'all
Real number must be higher.
hooooooleeeeeee sheeeeeet!
get rekt
They lost once and they throw a fit. Suck it wall street.
It’s more like 23bn last time I checked and it’ll be a whole lot more.
Allow me to play the worlds smallest violin
Find out what Warren Buffett is going short on.
EDIT: Buffett never goes short. Bummer.
Lmao. I love this. I wish I had the money to invest!
stonks gud
14.3, the .3 is 300 Million. They were astronomically cucked.
And that's a good thing!
Fuck em
Those are rookie numbers!
Not lost, transferred. Today there are tens of thousands eating steaks from this "wealth transfer", while the 1% will have to get by on their other billions. Wealth transfer is what the democrats want isnt it?
Did this ruin some old persons 401k? I don’t know anything about stocks or Wall Street. I’m too afraid to invest my retirement in anything but cash or real estate for reasons like this.
my understanding is this was specifically in response to insider trading to short gamestop.
More please. "They dont like it up 'em do they sarge?