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In a time like this where we have a rare opportunity to open peoples eyes and come together for a greater cause, this stupid bitch still finds the time to spew this stupid over exaggerated bullshit rhetoric. Why? Who the fuck knows why... Why do retards do what they do. This bitch is an actual fucking moron.
From what I understand, I could be wrong but this is what I gathered. Forgive me if it's long winded.
-Hedge funds made a bet. They believed that Gamestop would go bankrupt. If Gamestop went bankrupt the stock would reach record low numbers and they saw this as an opportunity to make money. How?
-These hedge funds repeatedly shorted the stock. This means they borrowed shares from owners of the stock, sold them to other people for the current price, then bought the share back when the price dipped, gave the stock back to the people they borrowed it from (plus a fee) and they kept the profit they made on the sale.
-So say they borrowed the share when it was worth $10. They sold the share for $10. The next day the worth of that stock dipped down to $5, so they bought it back for $5. They made a $5 profit.
-They repeatedly did this over and over because in their eyes it was a guaranteed bet. By repeatedly shorting these shares they artificially drove the price down and they were making bank doing this, but they got greedy. They shorted more shares than they had borrowed (yes, that's actually possible but hard to explain).
-[this is where I might have it slightly wrong because I don't know how exactly you solve the problem when you short more shares than actually exist] Normally, shorting more shares than you have wouldn't be a problem because if the stock went down like they predicted they could just buy more of that stock at the discounted price and everyone wins. So at the end of the day you win right?
-Wrong, If they short a stock and the price happens to go up instead of down they now owe the amount that it went up. Why do they owe money? They are forced to pay that amount because they made a promise to give back the share that they borrowed. If that share now went up in price well tough luck you made the bet and took the risk hoping that it would go down and you were wrong so now you have to buy the stock back at the raised price.
-Thats where they fucked up, they didn't account for the autist factor. They borrowed a shit ton of shares, shorted them and promised to give back the share at a later date. This is when a bunch of autists recognized what they were doing so these autists bought a shit ton of the stock in between that window of time (before the hedge funds are forced to give the share back). So the price of the stock went way up, that's exactly what the hedge funds didn't want.
-Now all these autists own this stock, and they encouraged other retards to buy it as well. Why? Because getting other people to buy more of the stock will continue to drive the price of that stock way up. The price can go up an infinite amount. If enough people buy the stock and hold it past the hedge funds due date this can mean astronomical losses for the hedge funds when they inevitably are forced to buy back that stock and have to fulfill the promise they made to the people they borrowed the share from.
-These idiot hedge funds borrowed the share when it was worth $5, sold it for $5 and the stock went up and it's currently in the hands of the people. The people have the power to set the price that these hedge funds need to pay. If the stock reaches some sickening number like 10k once the due date comes, these hedge funds have to buy back every single stock they shorted by that amount on that due date. So if you bought a stock when it was worth $10 and the stock price reached $10,000 these hedge funds need to pay you $9,990 for every stock you own. They have no choice.
To stop this they'd have to stop free speech. What have we been seeing get ramped up lately? They already banned wsb on discord for "hate speech" which is complete and utter bullshit. Hate and terror is the excuse they use to silence and control people.
He just says what he has to say to appease his anti-free speech friends who would otherwise outcast him for wrong-think. The fact that feels he has to cripple his valid point by prefacing it with mainstream npc talking points ironically enough just shows how weak he actually is.
Get her to watch The Big Short if she thinks the world is all sunshine and rainbows. It's essentially a movie documentary on the market crash of 2008. Tame enough to get her to think but not too crazy to push her away.
Most of the video is just social retards trying to avoid confrontation, but the fact that there were more than a couple of people who actually mindfully engaged and agreed with the proposition is what got me. The sad part is these idiots are usually the loudest and they end up passing off these idiotic beliefs to others.
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.