I think the funny thing in all this is how many levels there are to it.
➤ You got the shit for brains hedge fund who foolishly believed they were gonna make a killing.
➤ You got the the brain dead group. They invested in the stock simply because it was rising. They believe it's going to be a nice stock to hold onto long term because "everyones doing it". They don't know about the short squeeze or the hedge fund shorts. Admittedly there aren't very many of these people but the media would like you to believe there are so they can push their whole "we're protecting you from you" narrative.
➤ You have the I don't give a fuck group, who know a bit of what's going on, they invest a bit into it and if they make money that's cool. If they lose money at least it isn't that much and at least they were able to "stick it to the man".
➤ Then you have the pump and dump squad aka the fake 💎🙌🏻, who invested a decent amount of money into it. These people are trying to squeeze a good chunk of change from all of this. They believe they're the deepest level of the groups and know someones gonna be left holding the bag so they're encouraging people to buy in, in the hopes that they can get out before them.
➤ Then you have the 200 IQ group aka the actual 💎🙌🏻 aka the self proclaimed retards who've done their due diligence. These people invested a shit ton, some sold off half of what they put in when the stock hit peak and are leaving the rest in for the real bet. They're wagering that GameStop is gonna blow up. About a year ago they realized GameStop was going to be backed by billion dollar co-founder of Chewy, Ryan Cohen who bought a large portion of available $GME stock. He installed some of his team into GameStops board of directors and they believe GameStop is going to make a move into the digital market with Ryan Cohen spear heading the whole thing. They orchestrated the team that initiated the short squeeze, got some highly funded investors to hop on board and memed it all into existence. This group and the brain dead group are riding the same boat but for different reasons.
If you look through DFV's comment history you can find quite a few mentions of it. I sifted through his profile when WSB went private and this caused his profile to filter out any posts under WSB, and that's how I found it. He spoke of rumors over Ryan Cohen buying up Gamestop stock and appointing some of his staff to the team way before it was on anyones radar. Now that the subreddit is no longer privated it's quite a lot to sift through and I'm having trouble finding it, but you can easily find gilded comments like this ----
or this that can help you. As you would expect he was mocked for his investment.
At the end of December this was published and it vindicated his theory. (Edit: Seems as if the article is now behind a paywall (Also to correct myself, he bought up a large portion of the available stock not half).
I really wish I would've saved every piece of info I was able to digest at the time but I wasn't fully aware of what was happening. I was in the tail end of the thick of it, some time before Elons "Gamestonk" tweet, and only then had I realized what was happening. A bit after that I was able to gather that this is much more than the short squeeze. The short squeeze definitely over shadows it all and rightfully so, but people are behaving as if GameStop is going back to being a near penny stock after it's all over. If GameStop plays its cards right, leverages its current popularity and combines it with whatever Ryan has in store then I don't believe that will be the case.
lets give them some credit...they managed to weaponize their tardness and dragged Wall Street to the fucking cleaners over coking hot coals and broken glass.
for that, i tip my hat to them....because now we know that WSB is full of capitalists, given many of them are now newly minted millionaires. Until i see them socializing that wealth they are nothing less than CAPITALISTS.
Stop saying this. It makes us all look retarded. It’s one fund out of thousands that will have a problem IF they decide to sell their shares short. They haven’t sold them yet. There’s no time limit. They can wait years for the stock price to go down.
They didn’t take anyone to the cleaners yet, they’ve inconvenienced a fund so far and that’s it.
Redditors are still retarded.
Beep boop
I think the funny thing in all this is how many levels there are to it.
➤ You got the shit for brains hedge fund who foolishly believed they were gonna make a killing.
➤ You got the the brain dead group. They invested in the stock simply because it was rising. They believe it's going to be a nice stock to hold onto long term because "everyones doing it". They don't know about the short squeeze or the hedge fund shorts. Admittedly there aren't very many of these people but the media would like you to believe there are so they can push their whole "we're protecting you from you" narrative.
➤ You have the I don't give a fuck group, who know a bit of what's going on, they invest a bit into it and if they make money that's cool. If they lose money at least it isn't that much and at least they were able to "stick it to the man".
➤ Then you have the pump and dump squad aka the fake 💎🙌🏻, who invested a decent amount of money into it. These people are trying to squeeze a good chunk of change from all of this. They believe they're the deepest level of the groups and know someones gonna be left holding the bag so they're encouraging people to buy in, in the hopes that they can get out before them.
➤ Then you have the 200 IQ group aka the actual 💎🙌🏻 aka the self proclaimed retards who've done their due diligence. These people invested a shit ton, some sold off half of what they put in when the stock hit peak and are leaving the rest in for the real bet. They're wagering that GameStop is gonna blow up. About a year ago they realized GameStop was going to be backed by billion dollar co-founder of Chewy, Ryan Cohen who bought a large portion of available $GME stock. He installed some of his team into GameStops board of directors and they believe GameStop is going to make a move into the digital market with Ryan Cohen spear heading the whole thing. They orchestrated the team that initiated the short squeeze, got some highly funded investors to hop on board and memed it all into existence. This group and the brain dead group are riding the same boat but for different reasons.
Got any good links to backup that last bullet point?
If you look through DFV's comment history you can find quite a few mentions of it. I sifted through his profile when WSB went private and this caused his profile to filter out any posts under WSB, and that's how I found it. He spoke of rumors over Ryan Cohen buying up Gamestop stock and appointing some of his staff to the team way before it was on anyones radar. Now that the subreddit is no longer privated it's quite a lot to sift through and I'm having trouble finding it, but you can easily find gilded comments like this ---- or this that can help you. As you would expect he was mocked for his investment.
At the end of December this was published and it vindicated his theory. (Edit: Seems as if the article is now behind a paywall (Also to correct myself, he bought up a large portion of the available stock not half).
I really wish I would've saved every piece of info I was able to digest at the time but I wasn't fully aware of what was happening. I was in the tail end of the thick of it, some time before Elons "Gamestonk" tweet, and only then had I realized what was happening. A bit after that I was able to gather that this is much more than the short squeeze. The short squeeze definitely over shadows it all and rightfully so, but people are behaving as if GameStop is going back to being a near penny stock after it's all over. If GameStop plays its cards right, leverages its current popularity and combines it with whatever Ryan has in store then I don't believe that will be the case.
lol. That last bullet point was lightning!
just a cohencidence.
I wonder how many of them realize that all of the major subs there are astroturfed to the hilt with corporate and political shills.
lets give them some credit...they managed to weaponize their tardness and dragged Wall Street to the fucking cleaners over coking hot coals and broken glass. for that, i tip my hat to them....because now we know that WSB is full of capitalists, given many of them are now newly minted millionaires. Until i see them socializing that wealth they are nothing less than CAPITALISTS.
I'd take 4chan autism over reddit retardness. If only 4chan spearheaded this instead. It'd have been ten times more effective.
WSB is basically 4chan. They're one of the outliers not yet ruled by the woke-patrol.
Agreed. I think most 4chan folk do not care about $. But this will open their eyes to the chaos they can create in a zone they have not explored.
How many autists are reading "investing for dummies" now, then onto more complex readings?
Watch for some really crazy stuff to happen in the markets with 4chan as the nidus
🤣 that's why they're being called alt-right already
Stop saying this. It makes us all look retarded. It’s one fund out of thousands that will have a problem IF they decide to sell their shares short. They haven’t sold them yet. There’s no time limit. They can wait years for the stock price to go down.
They didn’t take anyone to the cleaners yet, they’ve inconvenienced a fund so far and that’s it.
That's what I don't get. I thought there was a deadline to buy back the shorted shares. How is there no time limit?