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posted ago by StoryTimeHour ago by StoryTimeHour +147 / -0

Quick rundown of the situation first since some of you may not know:

There are a certain amount of stocks are available to be bought on the stock market at any time for a company. You may even own these stocks in your portfolio, but unless you tell your broker explicitly that you want to keep them they can be borrowed for short periods of time.

Short sales on a stock can be very profitable when the stock is going down, but they are infinitely risky depending on how far the stock goes up. You are borrowing money to short the stock which mean that you are also paying interest on this borrowed money. You can cover your position at any time by buying the stock at its current value if it does happen to go up and eat your losses.

So Game Stop was shorted all last year while these hedge funds were making a killing because the only way to go was down for a store like Game Stop in the middle of a pandemic. The problem was they overplayed their hand by short selling ~40% more stock than was available to buy on the stock market. What should have happened was a panic from existing investors trying to get whatever money they could out of the stock before they went bankrupt.

The problem is that some people looked at the risky bet, and then looked at the balance sheet of Game Stop. They realized that Game Stop was in bad shape, but not really at risk of going bankrupt. News of this spread and people started buying the stock and its options to make a quick buck. One of the big short groups went on Twitter to announce that it wasn't a problem because they understood the short market better than anyone else and the stock would go back down in no time. This is where the real war began.

People didn't just want to make a profit anymore, they also wanted to rub it in the faces of these smug assholes who were calling them stupid. It was about playing keep away on that extra 40% of stock that doesn't exist so that these guys feel the pain of the interest payments on their shorts. It was about publicly humiliating their expertise on the short market. Whenever anyone (retail investors, hedge funds, big investment banks) released stock on the market, the goal was simple: buy it and hold on to it in order to keep it off the market.

SO WHY DOES THIS MATTER TO OUR MOVEMENT?

This is one of the largest topics on leftist reddit right now. The WSB subreddit is getting about 10m unique hits per day. People all over Twitter are talking about it. It is a big conversation across all political spectrums. The math is pretty clear, and nobody feels sympathy for the big hedge fund managers who fucked our economy 12 years ago. It is the hottest topic and people are tuned in with their time and money to see how far everything will go.

So what do they do once they have this knowledge? They go over to CNBC and see a bunch of rich guys berating the retail investors without even telling their story. They go to CNN and see that these investments are the equivalent to the Bad Orange Man. They go to google news and read respected companies like MarketWatch quoting reddit users which puts them at the level of buzzfeed.

They see a bunch of rich liberal media personalities covering their asses praying that their rigged system can't be beaten even once. Not even when someone got way too greedy and got caught with their hand in the cookie jar. They are so insecure that they have to blame the redditor and bring in guest after guest claiming that all these retail investors are the one making the mistake.

There is a big possibility that this is only the beginning. This could heat up more and more in the next couple of weeks as the hedge funds get more desperate to stop bleeding on interest and start covering at a way higher price than they can afford. This would drive the stock even higher and, if the past indicates the future, would amp up the media outrage even more.

This has the potential to be a huge red pill on media corruption to a lot of people who still believe the MSM.

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TheTrumpDimension 4 points ago +4 / -0

ive kept buying sock every dip, and at this point, i dont care about the money, the absolute salt and fear alone make it worthwhile

2
MAGA_Flocka_Flame 2 points ago +2 / -0

You’re a hero

Make them cry

2
StoryTimeHour [S] 2 points ago +2 / -0

9k in here and holding until I get a fat payoff or a fat tax write off

If they want to wiggle their way out of this - the will need to do it in an obvious manor