I wrote a comment earlier and decided to get off my ass and make a high effort post. I believe we may be on the verge of something monumental. I look at the puzzle pieces and I'm thinking Suicide Weekend may be soon. This post is going to summarize the GameStop War as best as I can while leading to some eye catching observations. TL;DR at the bottom.
SUMMARY
The stock price for GameStop (GME) is at some record highs and extremely volatile. 1/26/2021 ended at just below $150, but in After Hours trading it soared past $250 and bounces up and down to ending close to 200. To put this in perspective, GME ended last year just under $20. And that stock is not done rising yet...The stock is in a short squeeze.
What the hell! How did this happen? How did we get here?
NARRATION BREAK
This is a time to explain how shorting the stock market works. "People" (Read rich elite hedge fund managers) can bet against a stock. They are betting money for a stock to loose money so they can make money. This process is slightly confusing so I'm going to do my best to explain then I'm going to link two videos to help as well. Shorting stocks is a way to borrow a stock and pay for it later. (WTF? Free money now? Well Kind of.) Shorting set a call date and pays for the price of the (Now Cheaper) stock.
I borrow 10 stocks at $10 each. I sell them and pocket $100 today because I sold them to some other person looking for stocks. Then lets say next week the stocks drop down to $4. I now only have to pay for the 10 stocks at 4$ each ($40). The less the stock goes the more money I make. "But what if the stocks RAISES insteads of falls?" Then you need to pay for the difference on the higher stock price. Yes, there is no price cap. The company you just shorted published the cure for cancer and their stocks went to the MOON! And you are stuck paying for the difference, but that'll never happen.
SHORT STOCK INVESTORS ARE BETTING ON YOUR SUFFERING AND PROFITING OFF IT! Edit:1 There have been two comments that have informed more about "Shorting" I found them to be insightful 1 [2] (https://greatawakening.win/p/11SK7FvB39/x/c/4DvnLrbgrU0) Shorting may not be inherently as used properly it can be of benefit. This GME case is unique though! End Edit 1.
These people are sick!
Here is a video that helped me understand this issue better. The whole thing is gold, but the first 13 minutes really explain the concept.
NARRATION CONT. - The beginning of a War!
Okay back to the GME story. GME has been in an interesting state of renewal. Trying to find yourself as mall-retail store in the Pandemic must be a little bit difficult and with the digital age, of course the company can be seen as a little bit stale or "out-dated." GME has been doing their best to re-image their self with a new focus for this digital market. Good for them, new CEO successful Billionaire, good ideas to improve. Good on him.
Well GME stock hasn't been anything quite impressive for normal buyers to get into. Under $10s since 2019. No one would really bat an eye on walking past in the mall. ('cept one brass balled man, more on him later). Well during the pandemic some fans of GME who owned stock and were frequent members of reddit's r/WallStreeBets (/WSB/) and 4Chan's /Biz/ discovered that GME's stock was being shorted, and SHORTED MASSIVELLY. They found that the companies shares were shorted over 100%. I will say that again. People borrowed and SOLD more borrowed shares than currently shares available. Oh these people are so fucked...
Remember, these people are sick!
Currently it is running at 130%. These traders were caught SHITTING into the COOKIE JAR by average internet trolls and autists.
The Culprits.
- Melvin Capital. They are a Hedge Fund who have been making bank off of shorting stock and manipulating the markets. Definitely caught ass in the jar. One of their biggest target they've Shorted? TELSA. (More on this Later). They've just been banished to the shadow realm because of their short sells RAISING instead of falling. (More on this later).
- Citron (I'm no expert in language but I'm pretty sure it's properly pronounce by keeping your teeth closed and only moving your lips.) Their Key player is Andrew Left. He has been pretty vocal about shorting the GME stock. Left has been one of the vocal ones to cry foul after the GME war. Here is him yelling at the retail investors after the climb but before the squeeze.
- Citadel, and Point72 Hedge funds. Honestly I don't know about them that much but they gave BILLIONS AND BILLIONS Okay so surely you know that there are some very fucking RICH and POWERFUL people trying to MAKE MONEY OFF of your SUFFERING.
Did I mention these people are SICK!?!
NARRATIVE CONT. - EAT THE RICH
So, where were we? Ah yes the Eyes and Mind of the Autist... So what does an Autist do when they have a question and see a button? THEY PRESS IT! People on /biz/ and /wsb/ were bringing attention to the Shortage of stock. They were going to continue to BUY and HOLD stock to raise the price to BET against the HEDGE Funds. AND IT WORKED!
YES that's right the fighting back WORKED! Hedge funds has lost $92BILLION since January. The word has been spreading and spreading every since. Last Friday was the shot fired at Concord. The shares of GME was Higher than the Short Sell Bet and guess who had to foot the bill? Aha but there is more!
The Funds had two options.
A) Admit defeat and buy the borrowed stock back a bunch of people who can't even remember to cut their hair and barely remember how long to microwave tendies.
B) Double Down and Dive Head First... Yeah. They choose this option... (Idiots, don't they know that ONLY the Trump Train has NO BREAKS?!) Kek. They extended the Short Bets till this Friday.
This Friday the Short call expire and IF the STOCK is HIGHER than These people must pay BILLIONS of Dollars. It's going to be a Short Squeeze. Remember how I said the Short was over 130%? Yeah that's going to fuck over everything. THEY ARE FORCED to buy the stock from the People that kicked their ass with a bunch of shitty Pelosi and McConnel Stimulus checks...
No one really knows what is going to happen. Honestly people keep comparing it to VW 2008 Short where stocks almost hit 1k each. I can't say. *Warning. Please Please do not see this as careless $$$ grab. That nots the point of the story. I don't even have stock in GME. I'm just hear to tell the message. Speaking of messages. There are a bunch of people who are willing to HOLD the stocks as a massive "Fuck You" to these Rich Elite Hedge Funds. (I'm going to be honest, it is still hard to forgive them for they did to family in 2008. For what they did to all of us.)
This brings us to this week. Excited from the Friday win, Monday's GME stock broke 100 and almost made 150. This rallied the troops! Today's stock was being bought and traded at insane rates! It even gained tracked from millionaires! I can't get the name at the moment. But someone bought 10% of the GME shares at 120. I can't even imagine that money, but from that moment, the GME Stock never dropped below 110.
Now here is where the REAL HYPE begins. Now Twitter, /biz/, and /wsb/ were really only the ones in this event. Maybe the people wanting to make a Pump and Dump. Mr. Spacex himself tweeted this event AFTER TRADING HOURS Elon Musk's tweet cause the price of GME(AND ALL SHORTED TRADES) to bounce higher and harder than Tigger ever could! We're Talking $20 swings multiple times a minute!
Great you are now Caught up on the GME War
Now let me provide some interesting observations.
Observations
- u/Deepfuckingvalue. This was the sole dude who kept investing into GME no matter what. Infact. He started YOLOing GME in September 2019. 17 months ago. Yes, that's right 17 months ago! He was fundamental in the recruiting of /wsb/ and /biz/ to start this war by leading the charge. In December 2019. Many redditors were cashing in on a GME rush, and he stayed after the crash. He called January 2021 in a comment in December 2019! Chads worry about this guy around every corner.
- Elon Musk, Tesla, and Melvin Capital. A redditor found out that the owner of MC bragged about shorting TSLA back in the day. Elon's tweet brought the attention of the normies who had no idea this war was going on in cyberspace. All this volitilty happened after close. Who know what will happen at Open. But I know Hedge Funds are on the edge.
- Let's tie this back to Q. What do we know and what have we(I) been waiting for? ///Suicide Weekend///. There are a lot of really, really, really rich people who have lost BILLIONS. Not to mention they will have to answer HOW and WHY they Shorted GME beyond buyable shares. I'm not a lawAnon, but someone please check that for me. Either way. We know that Money is their blood. These are some serious losses that might cause heart attacks, or even suicides. I think we should be on the lookout for possible big name John/Jane Doe's to pop up over the weekend.
- I'm not sure of the severity of this. How many people will be forced to pay for the BILLIONS of Shares? When the Hedges go Bankrupt who carries the bill? I know it is affecting other stocks. Remember folks this is Memetown. Meme-Virus, Meme-Election, Meme-StockWar. EDIT 2
- Chamath Palihapaitiya went on CNBC and was fighting for /WSB/ and /BIZ/ I can't find the whole interview yet, but here is just a snippet. I recommend everyone watch it. HE ALSO WANTS TO RUN FOR GOVERNOR OF CALIFORNIA! (I found the meme we need to make happen!) https://youtu.be/DYZHtF-tV0k
I can tell you something though. I have never felt more convicted when I've said"
[N]othing [C]an [S]top [W]hat [I]s [C]oming
TL;DR: Autists found a way to MEME billions from the Wall Street Hedge funds. Rich Elite are going to loose billions and might lead to a Suicide Weekend.
Edit 1: I've added two comments who provided more insight about Short Selling. I want to make sure as much information got out of there.
I want to be clear. Please be careful if you are investing. This volatility of the market is a gamble! May people might look at this and see an opportunity to earn a quick buck. Please be smart. I saw so many people double down on bets for Trump's election and lost a lot of money. Remember we are in a multi-layered war, where the "little guy" gets stepped on.
- Looks like there have been some updates. I'll try to link more posts when I can. Lots of media will be talking about this. Prepare to discern the truth.
I really really enjoy this community, Thank you for being a home of truth in an age of painful lies.
Some say we are in the end game, but will the game stop?
Okay I couldn't resist, I'm done now. lol.
You may see yourself out now.
Ooooh, burn!
Elvis has just. left. the building.
I kekked...
G’blesh you
I just sneezed as I read this. lol
Kinda trippy.
He’s on XGames mode...
Good one. ?
Just put in another quarter :)
Oh, there is a 1 year delta 2/17/2020 "to be blunt.... GAME OVER" Post #3872
I would be so elated to have the gift of zero control from big banks on the 18th.
Bed Bath and Beyond is undergoing the start of the same thing. Last earnings report before the spike was 01/07/21
BBBY+GME [B]uild [B]ack [B]etter Game = Stop
What goes up, must come down, but when?
https://www.reddit.com/r/wallstreetbets/
https://www.reddit.com/r/wallstreetbets/comments/l68jgh/keep_amc_and_bb_for_next_week_youre_gonna_fuck_it/
Melvin took a 700 percent loss. Betting against us all the time. Pricks
Lol wtf is that for real? Went from 140% to 250%? Idk what is going on but I have 5 shares. WE LIKE THE STOCK.
Today's the day.
Redditers don’t believe that, claiming they covered one share, and are still on the hook for everything coming Friday.
nice pun
Then don’t use it.
I have a feeling I could make a killing delivering basic trading classes.
This thread is littered with people who have no idea. It’s tragic.
For the love of god, get a real trading platform.
Robinhood is easy peasy. Use limit orders, they skim off market orders -
robinhood is worse lol
Froze trading on AMC. NOKIA next.
Get RObinhood, from what I hear, it's still operational
It is in the U.S., I just logged in
Perhaps if you use a VPN, you might be able to log in via a U.S. server...
Fuck, shwab is just as bad
Your welcome. Be careful with the stock market. Remember to only risk what you are willing to lose. Also there are a lot of people who are willing to throw money just to Fight back against the hedge funds, so watch what kind of advice you are looking for.
This this this. I’m sure there are so many new people reading wsb and throwing way more than they can risk into options.
OPTIONS IS GAMBLING
I lost about 2k in FD SPY calls after the covid plunge and it’s all good lol.
Yes it is, knew a decent financial guy who dabbled and couldn't stop, addicted fully. Had the tickers up on his work computer all day, wound up not getting any actual work done, was convinced he would hit a big one any moment. Gambling addicts don't know when to stop, they double down. He ruined his savings, family, career.
Yeah, I'm considering dropping money as a way to fight, same as donating to Trump. If I lose it all, no biggie.
I don't mess with options anymore.
Only stock on long (5+ year) earners.
I would rather slow climb than lose a few tens of thousands like I did in march, chasing a quick dollar on options and ETFs with a radioactive half-life.
Buying options is gambling, selling options is even worse. These banks selling calls is causing the problem for them right now
Yepp i learnt the hardway backing trump to WIN the election. I know he won but legally...he didnt if that makes sense
Same here, lost about 5k.
Blackberry (BB) and AMC (AMC/AMCX) are the ones I've been seeing as they're both heavily shorted, and more so than BB&B.
Nokia too. Is this sell limit people set only w options trading? I’m a beginner and haven’t really looked to into it, but never saw like a sell price to set w just buying the stock.
Nokia?? That makes sense.
I'll be honest, I've never shorted, and have traditionally been a buy and forget, or dividend heavy investor, so I have no clue how a retail investor would go about setting up a short.
None of you guys seem to have any clue about actual market mechanics. Just stop.
Yeah I figure I just need to watch and do it manually, are there any live graphs that update w/o having to refresh the page constantly?
The app my buddy at work uses does that, we pretty much watched and laughed as GME was going crazy in aftermarket today, but I can't remember which one he uses.
It’s very simple. But as this shows can b very dangerous
GME has a short float of 144%, the next highest is DDS at 91%
https://www.barrons.com/articles/another-gamestop-here-are-the-next-10-most-shorted-small-caps-51611688092
So, is DDS the next target on the menu, to fuck these wall street cunts over harder and harder?
I'm pumped up now!
im trying to sell my AMC now, bought in when covid started. I just made like 300 bucks if i can sell it.
Thanks for spending the time... Very much appreciate your work.
That's fewer than 4 sh right now.
I'm matching this, we in this together fren.
Ditto
Hey I am in no way a stock person but, I just invested in 420$ in stock tonight.
I like GME I am not an expert, your own risk!
But fuck these billionaires. By buying stock you fuck them and can profit off their stupidity. They fucked us financially, this is your time. (Your risk, I am not an expert I am retarded)
Yeah do they even #YOLOBET?! C'MON MAN
Waiting for the dip
Lmao omg
Did it ?
I’ll bring juice
I got some crackers and dip
What kinda dip
Look mate I got sirracha hommus, salsa, bbq sauce and some pickles. That's umm bachelor's pantry. Don't judge
None of that brown dip that the Chinese are producing with the new covid tests?
Unequivocally. No
Is siracha hummus good?
Surprisingly better than average hommus
It betta be in boxes with little straws!
Already here
I’m in!
Can I bring a fren?
I want to refute slightly, that there is nothing wrong with shorting. Nothing at all. It is a consentual exchange, and for everyone one one side of a trade, is another person on the other end. These moves help a stock price find it's 'true value' relative to others. Remember, stocks really aren't a game where money is made through buying low and selling high, thought that's where some work is done. stocks are primarily a share entitlement to revenue, in the form of a dividend. The cost of a stock is generally proportional to the expected dividend that stock will yield in the future with some accounting for the probability of that dividend being higher or lower. For example, A GME dividend may be $0.50 per share in a given quarter. That would make it a great investment at $20 per share but absolutely retarded at $100 per share. At $20 you're getting a 2.5% return in a quarter, that's sweet. But at $200 per share you're looking at 0.25%, which is inefficient because better options exist. Buying, selling, and shorting are all mechanisms by which stocks leverage the mean confidence of tens of thousands of brains working on the problem to arrive at the best guess for it's 'true' value, as well as providing the liquidity that allows people to quickly get into and out of a particular stock. Some people think it's undervalued relative to it's return, others feel it's over valued, and so they buy and sell, or short sell, when they expect changes in that mean confidence level to change as facts and perceptions change. TLDR: It's not evil That being said, punishing groups that fail to account for actual risk is fantastic and I am thrilled that /r/wsb and /biz/ have found an over invested group and punished them for their arrogance - Colluding to short selling 130% of available stock is not a move that helps a stock reach it's true value, and frankly, it shouldn't take a group out 'for the luls' to right this behavior. It was a smart move for other firms to get behind because it was clearly a glass house and someone should have been throwing stones. Kudos to the autists for stepping in where established groups failed.
Thank you for providing the analysis that I could not.
I’m a bull usually, but if a stock is dog shit, I’m a pretty good short seller
NOBODY lets a short get this jammed up their ass unless they’re psychotically delusional. The gamma squeeze was so fucking obvious.
Holding onto these positions like they have is outrageously greedy, irresponsible and basically tantamount to repeated fraud.
Watch every stock with significant short interest run like this over the next 15 days: AMC, Express, American Airlines.
This will be one of the greatest wealth transfers from the elites to the people in such a limited amount of time.
This is the inverse of the last bailout; this is the people’s bailout. Cash in hand.
Get ready, it’s gonna be wild, trading halts and clown world news reporting on “irresponsible” retail investors.
Who’s really irresponsible here?
To see just how 2008 went down, plus understanding tranches and CBOs etc., watch The Big Short-they didn't learn a damn thing at all, because taxpayers bailed 'em out.. Too big to fail??? some were nicely connected and the rest...well they weren't...
I've already started liquidating some money that's tripled from the crash last year, and warned some family members that are already retired to make their annual pull this week before the market goes pear shaped.
People have too much tunnel vision. What people are not talking about is how some of these billionaire hedge funds will need to sell all their other stocks to cover their losses on the stocks that were heavily shorted. In turn that will cause the market to panic or have a flash crash as sell limits will get executed. Mutual funds and ETFS will both drop. Everyone cheering for this must not be aware of the agenda of a great reset. While I am glad that corrupt billionaires are losing money this is one giant step closer to a very bad breaking point. Something else that might occur is the SEC halting the stock entirely which may lock up the savings of some people who actually need their money because the amount of "all ins" that I have been seeing is alarming. Yes a lot of them are the younger generation but some say they are managing the money of their parents or grandparents.
What are you implying? Keep in mind the reason this is happening is over 130% of the shares available have been shorted. That should be illegal but the SEC doesn't give a shit cause they're there to protect the elites. I will paste what I commented in another thread below The situation is very volatile. Here's the problem, it's not even a mid-cap stock. Everyone knows it's a penny stock but it's being valued at this point even above a mid-cap since that should be 10b at most (It's currently valued at 20b and was worth over 25b hours ago). Tesla is another great example of a stock that is overly inflated beyond belief. It went from about 40b in marketcap a year and half ago to 830b now. While Tesla is a great company it's extremely overvalued.. Zoom has a market cap of over 110b when it should not be nearly worth that much. Where did all this money come from? It's from the FED pumping the market too much to the point where it is not sustainable. You also have a bunch of other companies who had an IPO within the last 6 months such as SNOW, RKT, PLTR, LMND, etc which are all boosting the market to new highs when they may be legit companies but the valuations are all wrong. You have a complete fraudulent companies on the market such as Nikola which is literally a giant scam. It's worth 10b in marketcap. The SEC doesn't give a damn and don't get me started about how them and the DOJ are investigating them because they have not done jack shit yet. Covid was created by China to do multiple things. Thin the herd since it targeted the elderly, help biden's election since it hurts Trump, and crash the market. The fed was injecting tons of repo funds this entire time to keep the market afloat. It was both good and bad but personally I think they overdid it. They probably should have let it come back at a natural rate but instead we got a giant V shape recovery. This is a giant storm that has been forming which may ultimately lead to the "great reset" which I hope it will not. Keep in mind all these analysts are telling everyone it's a bull market now that Biden is in when it will be the exact opposite unless the military gets involved. The market under Biden is designed to crash.
Oh I got that part that it's orchestrated. I should have asked what do you think is the goal of this. I feel like it might actually be to crash the entire market but that is obviously the worst case scenario.
Okay Question.
Now if a market crashes. What (more importantly WHO) would ensure the peace?
That’s EXACTLY what would happen if this dumb shit actually worked. Fucking over our seniors the most.
I agree on your points. However with the recent bailout of Melvin Capital, it shows that theres still money floating around, before these hedge funds have ti liquidate assets. Friday might be a make or break moment, as it is the end of the month too.
The bailout already got obliterated in less than a day. That's a scary sign when $3b in cash is erased that quickly. Again, I want to say that most of these millionaire and billionaire hedge fund players are dirty but this can lead to a huge negative effect on everyone. This is like a snowball that has been gaining a lot of mass over the past year at an accelerated rate. Right now it's nearing top speed which can easily destroy most in it's path.
AAAAND .. it's gone.
We'll find out on monday if the squeeze is real. The hedge fund players have already started pulling out other cards like plain telling wall street to stop trading, influencing news media to signal others to dump the stock, SEC crackdowns, etc.
Your first thought is dogshit. That 130% is a number that changes daily based on settlement dates AND brokerages vying for shares to short waiting on delivery of those shares to short.
I haven’t worked in the market for years and I still know this shit. Am I really the only person on this board who had a Series 7 and 63 at some point? Series 9?10?
Yeah, publicity for a reason. Get all the sheep fully invested for a shearing.
This.
Good. We need to break. It's better than parading around a corpse.
BINGO.
True. But it’s so much fun to watch fucking hedgie manipulators get burned at the stake. Fuck em !
Nice. I didn't know Melvin Capital had a history of going in against Tesla.
Fuck 'em, I hope they burn burn burn.
It's kind of reminding me of a more casual version of when Peter Thiel laid in wait on Gawker's ass, and then burned them to the ground with Hulk Hogan.
This thread was removed by WSB mods:
https://www.reveddit.com/v/wallstreetbets/comments/l2ejas/gme_the_truth_behind_cramer_the_news_melvin/
Be careful, retail investors. I bet they’ll start drafting legislation to stop something like this from ever happening again.
They are allowed to bend the rules to make money—you aren’t.
That being said, $AMC 2/19 $3 C yolo
The Chinese bought AMC. Both buttons are the same.
That's not entirely accurate.
Any brokerage will offer options contracts. You just have to apply for them.
I use Robinhood mostly, but I don’t recommend options unless you heavily research them first.
The stock is already up 300% this morning, so I personally wouldn’t buy any right now since the fundamentals haven’t changed. But I’m not a financial advisor.
This would be a really bad way to do it.
I agree - at this point any money you pump into GME you might just consider a "donation" to a cause. You may never see that money again.
This is going to continue way past gamestop boys and girls. Shots fired, we are at war.
Is this the shot heard around the world?
Wow great post. I haven't enjoyed reading something that was this hard to grasp since the great scam pulled off on Eve Online.
Whats up fellow Chad.
Ready to watch David take on Goliath that's what!
You rang?
kek
Based thread
So does this give new meaning to the company Robinhood? Lol
Friday is the 30th.
Holy shit lol.
Oh. OH.
That's what she said.
29th. But close enough, I think.
Lol. Seems pretty simple for someone to know that before they post.
Everyone should download Robinhood right now and buy as much or as little of GME as possible. Robinhood has fractional shares so if the stock price is $220 and you only have $50 to spare you can get $50 worth of GME stock. This is taking wealth back from Institutions but do not risk more than you are comfortable losing.
I'm trying to get the app to open. It's taking forever!
Who knows. That's part of the fun. This is going to be in textbooks so throw in $50 and just be along for the ride.
The Rothschilds and the others have(had?) trillions of dollars. Basically an infinite amount where even a loss of 100B wouldn't cripple them. Q and DJT and co. are fighting the ultimate force. Nice to see some lowly billionaires lose money though.
Just like the Fed / United States Corporation, they might have Trillions in virtual assets or maybe even physical assets like land and buildings, but at some point in the game you need to pay bills with real money.
If the game used to be leverage fake assets and throw a leveraged billion into making calls like this to generate 5 billion real money: They pay back the billion loaned and have 4 billion for hookers.
The fact that they're deciding to continue to leverage and wait says they don't have liquid cash to buy today. Their only option is leverage more and hope that they can wait out WSB.
That’s a lot of std’s.
Why can't I comprehend this?
B... what'd I win?
(In my defense it didn't make me any stupider...
I was already a dumbass before that!
and at least I'm not a biden voter! ??)
The stock market is more complicated than just buying and selling shares of companies. This is basically betting on the stock market.
Because most of what’s being said in this thread is ignorant bullshit.
Cool, glad to have you here to clear everything up for us
Literally ask any question. I haven’t held any licenses for years but I can assure you most of what is in this thread and a good portion of the OPs theories are just garbage.
THEN ARGUE THE POINT. Don't fucking wait for me to come to you for your knowledge, I don't know who the fuck you are. You sound like YOU'RE the one who's full of shit when you do nothing besides just sweep the entire thing as "ignorant bullshit."
Heh. I was able to buy one share at $209. Don’t think I’m gonna sink more into it than that. I got kids to feed.
User name checks out, salve magistra!
Now this is a really, really interesting analysis. Good work!
I bought some shares of GME while waiting in the Tim Hortons drive through yesterday morning. I've never seen something go up that fast, this is going to be BIBLICAL! I also have a position in BBBY. Happy trading Patriots and good luck out there ?
Respect for their ability to organize... While I'm over here trusting no one.
Which other tricks do you think the hedgefunds and their buddies have up their sleeves? I’m thinking:
Having WSB eat a surprise ban to splinter the base and cause chaos and panic sales. (Especially now that Reddit cofounder Alexis Ohanian appears to have taken the side of WSB. “Hey, this wasn’t coordinated, I’m losing money too, remember?”)
Getting (through threats, blackmail, bribes, whatever) Ryan Cohen to put out more shares.
One that I’m not sure if it works within the rules (love to hear if it does) is having the SEC step in and say “we have concluded that this stock value is way to high due to fuckery and manipulation, so we’re intervening and setting a maximum trade limit of twenty bucks for the forseeable future.”
And if all else fails, a false flag suicide or homicide that (amplified by media) will be used by TPTB to change the rules of the game on the spot.
(Also I’m totally expecting to see at least one opinion article go ‘the average retail investor is a straight white male and that’s bad and here’s five ways we should regulate the market to stop them’.)
Biden's "equity" plan will soon be giving minority groups free shares but not the education to do anything with them. And then the SEC will make up some dumb policy that penalizes fund management companies that lack diversity.
Is it January 30th yet?
Also, Epstein didn't kill himself.
And I'll see you all on Mars. No brakes on the TSLA space-train!
Don't forget this one! (Its for the shills.) 台湾是真正的中国
O, don't you worry. I saw a vice article yesterday, I think on patriots.win, that compared it to white supremacy and was basically saying "come on guys, think about the poor hedge fund managers".
When the elites run out of money they just have their vassal states print some more for them. Read Confessions of an economic hit man for more details.
There is no time limit on buying back a short. You’re just making things up.
The big players will not cover. The only people being hurt are small retail investors.
At the end of the day GameStop will still be a shit company.
So this is what happened, please correct me if wrong:
Billionaires borrow stock at a low price. More stock than possible. They wait for the stock to drop in price, pull the trigger and buy, keep the difference. Profit at the cost of the other stock owners.
Autists get wind of this. They see what these shithead billionaires are doing, so they start buying the stock in mass.
Suddenly that stock they intended to keep the difference on, goes through the roof:
End result: billionaires who intended on making some easy money are going to have to pay out to everybody who bought the stock.
In other words this is a win. Horrible billionaire maggots have to pay out through the nose to autists to cover the gains they earned. Even better, Elon Musk puts the scheme on blast to give it more traction after he was fucked over by these shitlords.
Cool.
You just described a pump and dump scheme ostensibly in reverse.
That’s a crime. You cannot collude and then profit on that collusion.
So it's going to ve another shit show like in 2008 when Lehman went under? Sounds like it.
This is a really fun post and your excitement is contagious. I understand something new, and really appreciate the time you took to write this. Bravo
Get GME over $1000 and Musk sends up a Game Stop logo plastered on a rocket.
ADVERTISING!
There was a massive push about nine+ months ago from people in the sneaker/street wear/Funco (yes, the toy company) "flipping" community to find the "next thing" to profit from. Brought on by the lockdowns and resulting boredom, I give you the discovery of... day trading 2.0. It's having a sort of renaissance because kids that are normally used to making "McDonalds money" - enough profit from a "flip" to be able to afford a Happy Meal have discovered a new high risk, low reward in the form of the Stock Market. They naturally gravitated towards GME because it's something that they know, and was cheap-er than most stocks that they were priced out of i.e., Google, Apple, Amazon et al.. This will end in disaster for a lot of kids/young adults who truly don't know what they are doing.
Thank god I taught my kid how the market actually works.
Quality post right here. Thank you, sir!!
Yeh, aint gonna lie....I made a few bucks off this. Not a huge amount but enough to make me smile for doing it. Bought in when it was under $100 and sold just before close yesterday (ended at $147). Way too volatile and picked my time to exit by watching updates by the second then punched the eject button, parachuting down to a nice soft pad of cash.
Well done pede
Do you use a specific website or app for this? Any recommendations?
Robinhood is easiest.
Thanks!
I go thru Fidelity via a 401k that had a little in it from a company I once worked for. Their website, info, customer service, and daytrader app are all top notch. Pretty much the only thing I've ever used so my opinion isn't broad on the subject and rather biased...but there it is =)
When this happens in gold and silver, it’ll collapse fiat currencies.
Big banks are shorting gold and silver, and have been doing that for decades.
Fucking glorious... We really appreciate your time breaking this one down!
Great post ?? Wish I had some GME calls lol. Jk fuck options ?