If I understand correctly, Hedge funds have been selling excessive 'put' options so it gives the impression that a stock is in a downward trend. This bleeds a lot of companies dry and makes the fund money. A sort of soft manipulation.
Gamestop had over 100% short positions. /r/WSB said fuck that, buy Gamestop and prevent MMs from taking advantage of the company while screwing over these Hedge Funds. The options are a form of contract that they can't just let go of and expire on a designated date to sell a stock at a given price.
Since the stock price has gone from ~$17 to over $300, these hedge funds have already lost several billion dollars. And it's still gaining momentum.
Sold Gamestop shares at 230%. ( meaning 130% of what they sold don't exist in portfolio) Now need to buy them back by Friday deadline. No one is selling in fact they are buying so price of share is up 93%. Losing billions. Bailed our by other hedgefunds. Now multiple hedgefunds losing billions. Banks bailing out hedgefunds. Now banks losing billions. Gamers are not selling. BOOM BOOM BOOM BOOM sound of crashing hedgefunds; banks; wallstreet; economy (which is FAKE anyway) Just in time for a new, fair, asset backed system to be brought on line. I love it when a plan comes together.
I'm wondering if I should pull my 401k out of the funds and hold as cash until whatever this is finishes. No idea, not to savy on the trading thing beyond buy low and sell high.
Imagine some bank made a contract to sell your car to someone else. Not a similar model, but the actual car you own. You know the someone else will absolutely force the bank to honor their contract. But it's your car. What's your asking price? That's basically what's happening, except there's more than one bank and they agreed to sell it to multiple buyers. None of the buyers are forgiving types and are perfectly willing to kill the banks.
So... is this going to cascade and cause a 20 to 30 percent market "correction" overall, or will the damage be limited to some of the hedge funds? Any predictions?
Bring it all down on their HEADS. The only way is to raze it to the ground. A quantum asset backed system, fair, controlled by the people is the only way.
If the “plan” actually works then the market will tank, and unless it brings on some kind of reset then the people that really get hurt are retail investors who stay long stock via mutual funds which trade once a day.
The usual will happen, people will wait to sell hoping that it bounces back until they have taken a 2008 style haircut and then they will just start over.
See my earlier reply. There is no limit. The hedge funds go bankrupt anything liquid gets paid out. They'll have to invent new rules for anything else to happen.
Gamestop brings about Suicide Weekend? Lol well damn
The game stops this weekend? ?
the game stops when checkmate happens
On par with everything else happening ??
That Battletoads for Nintendo Wii reveal is gonna be lit.
kek
President Trump has 34 quadrillion dollars. Lol
this is high energy shit.
Wouldnt gamestop ruining the economy be just perfect with everything else going on...clown world.
Quantum system is ready to be implemented. Hold the line.
Do I get a 1 to 1 trade on my fed notes? ?
.... like we are stopping this game, this charade of a presidency
They even froze options and throttled trading because of this.
How will this crash the market? Edumacate this pede here
If I understand correctly, Hedge funds have been selling excessive 'put' options so it gives the impression that a stock is in a downward trend. This bleeds a lot of companies dry and makes the fund money. A sort of soft manipulation.
Gamestop had over 100% short positions. /r/WSB said fuck that, buy Gamestop and prevent MMs from taking advantage of the company while screwing over these Hedge Funds. The options are a form of contract that they can't just let go of and expire on a designated date to sell a stock at a given price.
Since the stock price has gone from ~$17 to over $300, these hedge funds have already lost several billion dollars. And it's still gaining momentum.
Sold Gamestop shares at 230%. ( meaning 130% of what they sold don't exist in portfolio) Now need to buy them back by Friday deadline. No one is selling in fact they are buying so price of share is up 93%. Losing billions. Bailed our by other hedgefunds. Now multiple hedgefunds losing billions. Banks bailing out hedgefunds. Now banks losing billions. Gamers are not selling. BOOM BOOM BOOM BOOM sound of crashing hedgefunds; banks; wallstreet; economy (which is FAKE anyway) Just in time for a new, fair, asset backed system to be brought on line. I love it when a plan comes together.
Is this what they call a pro gamer move?
LMAO
I'm wondering if I should pull my 401k out of the funds and hold as cash until whatever this is finishes. No idea, not to savy on the trading thing beyond buy low and sell high.
Imagine some bank made a contract to sell your car to someone else. Not a similar model, but the actual car you own. You know the someone else will absolutely force the bank to honor their contract. But it's your car. What's your asking price? That's basically what's happening, except there's more than one bank and they agreed to sell it to multiple buyers. None of the buyers are forgiving types and are perfectly willing to kill the banks.
So... is this going to cascade and cause a 20 to 30 percent market "correction" overall, or will the damage be limited to some of the hedge funds? Any predictions?
Bring it all down on their HEADS. The only way is to raze it to the ground. A quantum asset backed system, fair, controlled by the people is the only way.
If the “plan” actually works then the market will tank, and unless it brings on some kind of reset then the people that really get hurt are retail investors who stay long stock via mutual funds which trade once a day.
The usual will happen, people will wait to sell hoping that it bounces back until they have taken a 2008 style haircut and then they will just start over.
How high can gamestop go? Its at about $330 right now.
See my earlier reply. There is no limit. The hedge funds go bankrupt anything liquid gets paid out. They'll have to invent new rules for anything else to happen.
Gamestopgate is the start to the stop of the Plan
Kekstop