I’m late to this party, and maybe I’ll post it elsewhere. Obviously I’m cheering for the GME r/Wall Street Bets crowd, I just wanted to spitball some thoughts about all this because it’s fascinating to me, but it doesn’t feel right.
Am I the only one who firstly doesn’t think r/WSB has the influence that they’re being credited for? Like, this could be a huge psyop coordinated by God knows who and using the media to portray it as the little guy, the underdog? Half my friends who I wouldn’t trust to take care of a stray cat are now day traders allegedly. Could this be a huge trap, one of the biggest pump and dump schemes of all time. Sure one or 2 hedge funds might go under, but this could sucker in your crazy aunt to start trading. COVID has a lot of folks on unemployment, they’re spending more time on their phones and when I go on social media this is all I see all day. Shit about GME but also about Dogecoin. Could this be a gigantic coordinated setup for one of the largest wealth transfers from the lower & middle class to the rich, and they’re masquerading it as “the people took the helm and manipulated markets, we must punish them for doing this” as a way to sucker a few dollars out of unsuspecting people who are already suffering and just want to make some money?
I don’t know, these are just some thoughts. This doesn’t feel right to me. I just can’t see WSB having as much influence as they’ve been portrayed to have, we already know to doubt nearly all media and they’re feeding this line. I would love to hear anyone else’s thoughts or just call me an idiot. Tried to talk this through with my girlfriend but she shut me down real quick. Regardless, this is nothing if not extremely fascinating no matter what comes of it.
Technically.. with Melvin Capital over leveraging the shorts to 140% of the total shares of GME.. 1 person could have 1 share and create the very same mess.
This is how I’m understanding it in a nutshell. If I’m correct it was having enough people to buy the stocks and cause them to raise that did this. Being there was only so much stock available, supply and demand took over. (If I’m correct, still learning) So, it’s not that surprising they were able to pull this off in my limited knowledge of the situation. Hell of a lot of fun to watch, though.
While some people may be into it for the money, many are willing to lose some in order to hurt Wallstreet more.
The solid analysis was that WS had shorted more GME than existed. They HAD to buy back at high price. Once that caught on, momentum buyers then were looking to flip 100 into 200, but the original surge was backed by good info.
Now that the cat is out of the bag, lots of normies are buying in because they want to hurt WS more. They don't care if they loose 200 if it costs WS millions.
At some point, it will go down, and money will be lost by regular people. We still will have won the war. And hopefully some of these crooks will be behind bars for their corruption and manipulation (RobinHood)
This right here 100%. This is the first time peasants are able to meaningfully strike back at the establishment cronies.
I'd never have imagined that our civil will not be involved guns-n-bullets but rather a financial guerrilla warfare on the stock exchange.
This is how we fight back. By attacking their financial security.
I want you to be right so bad, just afraid that this is an illusion. Both sides seem to be unified on this issue, I’m just very suspicious. I guess we’ll see, but damn, I hope you’re right, and if “we” have this much power, why not band together and do it again repeatedly? I’m worried that the lower end will end up holding the bag, but to make a wish I’ll say it for the third time: I hope you are right.
I get it. After all the larping and Q's false flags, we don't know what or who to trust anymore.
For what it's worth, if nothing else, this strike back at Wall Street is minimum a morale booster from all the black pills since Jan. 20th.
Best case scenario, it established a precedent for normies and austists to have a real way of striking back at the swamp alliance.
Whether this is another larp or not, it couldn't demoralize us any further with Biden fucking us over a little more everyday. So, I think this is "real" hopium that is much needed at this time.
I'm like you! Living for seeing these guys make some money off the back of the "elite", but equally suspicious that this is some kind of fixed diversionary tactic, to keep our attention off what's going on on the White House.
They are coming to disarm us. Look up: H.R. 127- The Sabika Sheikh Firearms Act. The Marxists want to ram through mandatory licensing, insurance, and registration of firearms and ammo. Registration is ALWAYS followed by gun confiscation. ALWAYS. I'm sorry, but you all should be preparing for a Civil War. This is why the Communists in Washington DC want a permanent military presence and barbwire fencing in our Capitol.
Probably at least partially true. I am hoping that the truth is yes those HF peeps are screwed but they are just using the news to also do as you say. What I mean is that it could be a why not both situation.
If they break the market, it could be bad yes. More than likely, it will end up with the FED bailing em out with our kids tax money.
This! It's never them that pays to bail out Wall Street. It's our taxes, our permission funds, our kids education funds... The question is, can the guys involved make their money to set themselves up & do we just say good luck to them, even though we know we'll be paying long term?
I feel like this is a fair question. A “too good to be true” scenario
Yep, deep distrust of media; a highly coordinated effort between 100’s of thousands of anonymous people with who knows how much money. People suffering for months due to vast government overreach and the list could go on. I hope it’s true, but I just have a weird feeling about this, everybody seems to be jumping on the train of even just believing it, I’m just a little contrarian on this one. The last 4 years probably led to that, also, Trump won by a lot!
Well, with the "Great Reset" world domination plotters gangbanging over in Davos this weekend, I'm yugely suspicious of this too.
Yes! I'm like you! Absolutely living for seeing the WSB guys making some money, but at the same time deeply suspicious that this is some kind of diversionary tactic to keep our eyes off what's going on in the White House!
To clarify the pump & dump statement, maybe not this specific incident but a way for big competitors to crowd source to put a competitor under and even test the waters of buying small retail investor data to continue to provide false hope for some security getting more folks involved and give a big Win for the little guy by putting some hedge fund out of business. Too many people are using Robinhood and my understanding is they sell user data. By experts, that could easily be interpreted and used to manipulate retail investors, I guess a similar analogy would be like how hashtags trend on Twitter but with securities, promoted and pushed as hot get rich quick schemes. Everything I’ve read about the roaring 20’s, it feels like we’re just repeating it. Regardless, be safe out there. Lastly, Donald Trump won the election By A Lot!
No i actually think its what it appears to be, the hedge got caught with its pants down and now its a repeat of the 2008 WV squeeze. Watch a video on that to understand but to give some reason why i think its legit, one of the Reddit user u/DeepFuckingValue has been following games stop for well over a year and documented his journey and has posted his updates on profit and last i checked hes made over 45M with GME and is still holding. The guy has a whole thesis on why he had faith in GME and why it had potential to be shorted. Check his videos out https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ............
But the reason this is so epic is because the hedge shorted GME to 140% and naked shorts which ive heard is illegal. heres the chart to show u https://highshortinterest.com/
Thanks for the link, I will check this out shortly, I just don’t see WSB having this much power I could be wrong and just imagining numbers like a bell curve of the roughly 2 million users at the time, maybe the center was folks dedicating $1000 and I feel that’s being generous and only a portion of those would be involved but then it spread like wildfire to other platforms. Idk maybe this isn’t some grand conspiracy, can’t wait to watch all this unfold, no skin in this game, but at minimum there had to be at least some competitive fund involved in garnering this manipulation and crowd sourcing the remainder. I just don’t believe it was solely a WSB plot like they’re making it out to be in media. Could be wrong, and thanks again, will checkout this video before going to bed.
Yea there are some big names who alrdy came out and said they got some GME I think dave portnoy from barstool bought in and is holding also lol
As far as I can tell it’s a unique once-in-a-lifetime event. If you look at the user that triggered it (who has now been doxxed) - deepfuckingvalue, he’s (1) an experienced investor (2) already significantly invested in GME before the hedge funds over-leveraged and (3) had the capital to start the ball rolling.
It’s the perfect storm with a huge number of disenchanted and frustrated people sick of getting kicked in the nuts and ready to take their anger out on some fucks that constantly cheat the system while also getting their hands of potentially life-chsnging money. People could have already sold for huge profits but they’re holding out to help get everyone some much-needed financial relief during a tumultuous time. Enjoy the show and witness history
That’s a great way to put it, and I hope you’re right. Definitely once in a lifetime event.