Someone on the wall street betting subreddit noticed a hedge fund shorting out beloved electronic gaming boutique Gamestop's stock. Noticing an opportunity to strike back at wall st, several-- hundreds maybe more-- users began to buy gamestock stock options on the cheap the sudden influx of cash not only cancelled the hedge funds attempt to short the stock, it actually reverses the profitability of that maneuver meaning the hedge fund stands to LOSE as much as gamestop gains.
They didnt realize their own wall st strategies could so easily be weaponized against them. Neither did reddit. Now it's a game to see if they can lop the head off of an elite
Meanwhile, the White House is moving to protect their elite buddies, in blatant defiance of all their socialist "wall st bad" grousing. Red pilling thousands against the left, against the socialists, against Biden.
Or to put it another way: A BIG WELCOME TO THE NEW RECRUITS
Damn, I didn't realize it was just some dude who didn't like wall street lol. Very interesting with the WH stepping in. It looks like we hit a nerve. If someone (not me bc I'm lazy and ignorant) could track all of the hedge funds that these big wig liberals and media hacks have their money in, we could really fuck them up where it matters. That being said, I'm worried about where this could go. It would hurt a lot of innocent people if we made the stock market a battleground
Basically these various funds got too greedy with their short selling. "Borrowing" someone else's stock and using them to de-value the stock so they could pocket the difference. Basically stealing, that's somehow legal.
But they got too greedy and "borrowed" 80% of available stock and possibly over 100% in some cases. So people noticed and realized if they increase the value of the stock instead of decreasing the value, these funds will be forced to buy the stock back at whatever price the stock gets to.
The pretty much gambled with a blank check. Lost and the winner filled in $20+ billion dollars.
Someone on the wall street betting subreddit noticed a hedge fund shorting out beloved electronic gaming boutique Gamestop's stock. Noticing an opportunity to strike back at wall st, several-- hundreds maybe more-- users began to buy gamestock stock options on the cheap the sudden influx of cash not only cancelled the hedge funds attempt to short the stock, it actually reverses the profitability of that maneuver meaning the hedge fund stands to LOSE as much as gamestop gains.
They didnt realize their own wall st strategies could so easily be weaponized against them. Neither did reddit. Now it's a game to see if they can lop the head off of an elite
Meanwhile, the White House is moving to protect their elite buddies, in blatant defiance of all their socialist "wall st bad" grousing. Red pilling thousands against the left, against the socialists, against Biden.
Or to put it another way: A BIG WELCOME TO THE NEW RECRUITS
Damn, I didn't realize it was just some dude who didn't like wall street lol. Very interesting with the WH stepping in. It looks like we hit a nerve. If someone (not me bc I'm lazy and ignorant) could track all of the hedge funds that these big wig liberals and media hacks have their money in, we could really fuck them up where it matters. That being said, I'm worried about where this could go. It would hurt a lot of innocent people if we made the stock market a battleground
"Love is a battlefield" - Pat Benatar
We are strong
No one can tell us we're wrong
Basically these various funds got too greedy with their short selling. "Borrowing" someone else's stock and using them to de-value the stock so they could pocket the difference. Basically stealing, that's somehow legal.
But they got too greedy and "borrowed" 80% of available stock and possibly over 100% in some cases. So people noticed and realized if they increase the value of the stock instead of decreasing the value, these funds will be forced to buy the stock back at whatever price the stock gets to.
The pretty much gambled with a blank check. Lost and the winner filled in $20+ billion dollars.