Don’t worry, boys! Ben Shapiro is here to shit on the WallStreetBets parade!! 🙄 Fucking faggot
(media.patriots.win)
REEEEEEE!
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Wow he wrote fucking nothing.
You mean making people think twice about shorting stock they don't own?
WSB has done this for their living. They're used to it.
Devil's Advocate: I doubt that he was referring to the WSB forum residents - they're day-traders who know what they're doing.
I know, here come the downvotes, but hear me out...
He was referring to the zillions of credulous people who spent yesterday and today buying as much GME as they can lay hands on, because their favorite website and cable news show said it was an awesome idea. The moment that bubble pops (I'm predicting Friday, when the original short calls come due), a lot of suckers will be stuck holding the bag.
It's way too late to get into the GME game now. The hedge funds have likely bought enough longs to at least somewhat mitigate the damage from their fuckups - those will rise along with the share price, so it's not like they're forced to buy an ever-increasing supply... it makes no sense for them to unless they're chasing profit from misery. Don't get me wrong, they're still fucked (because customers really hate losing money), but it won't be the apocalyptic send-em-to-the-poorhouse crash that everyone thinks it will be.
BTW, Folks chasing BBY and NOK (or similar) likely don't know to look first and see who has shorts set for those or how much - otherwise they end up holding worthless stock at inflated prices.
Don't get me wrong - watching hedge fund investors get scared and maybe end up twisting in the wind is funny as fuck. I just don't want to see pedes get fucked financially in the process.
Unfortunately, yup. The retail trading houses proved that this morning.
Cool with you playing devil's advocate always but disagree.
Yeah, not sympathetic. If someone is selling you a chance to sit at the poker table and you go for it, that is all on you. These things sometimes don't work out and everyone should know that. Anyone who thinks they will get rich quick is an idiot and if they are parted with their money meh. As long as everything was legal I'm not concerned.
But yeah, be careful pedes, none of us want you guys getting fucked over. If you don't know how something works don't use it or take someone else's word for it on a whim.
How is this any different than wasting money on any other form of entertainment?
NO CABLE NEWS SAID BUY GME YOU DUMB FUCK CUNT SHILL.
No, none of them did... at all. Oh, wait... what's this?
That took approximately two seconds on Bing. OANN, Newsmax, MSNBC, etc etc all have similar stories. It was all over the news last night. The unsophisticated sniffs around sees "OMG $5000 target!!!!111!!" all over the place, and buys.
Here's the issue: The hedge fund(s) who fucked up only has to buy a certain number of GME longs to limit the damage from the shorts they made, and any additional they buy after that is gravy. Other hedge funds jump in and buy longs as well, because hey, it's free money, and they can afford to use after-hours and other trading tools (that you don't generally have) to jump off the dragon before it drops, making a tidy profit along the way.
Welcome to the bubble! Just know that the music stops Friday, once the hedge fund shorts come due. If you're holding GME, you'll want to find a chair sometime before the masses realize the game is up.
The problem is that there are no longs to buy. The price inflation is due to lack of supply, so I don't think the funds will be able to pay back the shares without serious cost. I can see the price dropping as shares become available (i.e. no one will become a millionaire) but I think due to desperate situation most people will come out ahead
The whole point is that they cannot buy enough shares to cover their shorts. You’re saying all they have to do is buy some shares? Do you even understand what is going on?
I watch the 4 min video WHERE IT SAYS TO BUY GME YOU LYING PIECE OF SHIT!
YOU WOULD BE BANNED IF I WAS A MOD.
At 3:40 the BITCH from FOX says ''stock prices will fall and people will lose money, but it hasn't happened yet''. WHERE IT SAYS BUY GME.
FUCKING SNAKE!
https://video.foxnews.com/v/6226765339001#sp=show-clips
''Robinhood legitimately hid $NOK $AMC $GME and $NAKD from search. Internet psychology 101, this will only make things worse for you Wall Street. Things are getting blown the fuck up today. Take all the cash you can afford to lose and buy buy buy.''
''TAKE ALL THE CASH YOU CAN AFFORD TO LOSE AND BUY BUY BUY''
You can't even read can't you fucking inbred fuck. You are the product of the shit US education.
And there is no market without losers. Making money on money is all about risk and not everybody wins in gambling. That's like saying, shit that guy cleaned out the slot machine and now everyone who comes behind him gets stuck holding the bag. Then get the fuck out of the casino. The only exception would be if there are actual laws being broken. The 300 pound tub of lard that can't run up stairs deserves to lose whatever marathon he signs up for as long as the thing is not rigged.
First off, tel me more about fundamentals when more than 100% of publicly tradeable shares are being shorted. This is like a voting precinct with 140% turnout.
That ain’t fundamentals, Benny.
Second, there are some deep pockets that went into this not just small ball peons. We’re they a part of a LARP? Yes.
But this time the LARPers used real weapons and the hedge funds are redpilling anyone who pays attention about how they’re rigging everything.