It's funny to see the self-proclaimed 'experts' on reddit, and even filtering onto here thinking that retail has figured out a way to game the short squeeze hedge fund system.
I think a few anti-establishment big money players are fucking with the market at the behest of the hedge funds and laughing their asses off at the funds scramble to figure it out.
Oh yeah, they are also creating the 'Streisand Effect' right now and MSM is stuck between a 'rock and a hard place' because it's huge news but is also tanking a lot of their buddies and funding sources at the same time.
I traded while in college a bit, I was an athlete on scholarship and the team captain/MVP and made $27,000 (with only $3,000 invested) in Sirius satellite radio before the XM merger. So, coming from a not-well-off family and on a full scholarship, then getting a big-screen, PS3/XBOX360 and a nice apartment and stuff, my teammates and many other athletes thought the university was paying me to compete, BWAHAHAHA! I had to show them that I had just luckily stumbled into a few good investments that skyrocketed and had hardly any expenses.
With the kids, we have had ours (all elementary grade) earning with chores, and debiting for the things they want, for a couple years now. It may not be the most optimal way, but they sure value a dollar more when the American Girl Doll is a few weeks/months of chores and extra work, as opposed to mommy and daddy magically having money on a plastic card!
The HVTs and billions that some of these funds and investors play with make the market so different than it used to be. I keep the same old strategy - long-term companies that I think are innovating and will be around 5-10 years from now still as a frontrunner in their industry. Been burned too many times in pharma and 'new tech' bubbles.
Prepare for everything to be all of our fault and a bunch of blue collar 'victims' paraded about as reasons why a trillion dollar bailout is necessary.
"The victim hedge fund managers" - Before 2020 I would have never thought that would be able to be said in a statement together and now it can, and likely will be used for more bailouts of more fake borrowed future money from a fake monetary system.
Except this won’t “crash the system”. This will cause a few of the firms that shorted GMA and AMC to probably go out of business. But most investment firms didn’t short gma and amc. This is small potatoes relatively speaking.
I call BS on the MSM spin that this short squeeze is due to oddlot Robinhood trading. No way! This is an attack on MUCH larger scale. It requires a lot more to squeeze this many positions. GME, BBBY, NOK, etc. etc. I am not discounting the power of the small guys banding together and piling on but the catalyst for this squeeze originated from somewhere else.
You are correct! Buying calls does not squeeze a short. Only going long can do that. And it takes a lot of capital do do it on this scale and this many names.
yes i've seen this story and it's absolutely FALSE
retail traders don't have the capital to put so much as a dent in market prices
a really really BIG player is doing this. dudes on reddit don't have this kind of leverage to shape markets. they just don't. something huge is happening here.
BOOM! I think you are right!
It's funny to see the self-proclaimed 'experts' on reddit, and even filtering onto here thinking that retail has figured out a way to game the short squeeze hedge fund system.
I think a few anti-establishment big money players are fucking with the market at the behest of the hedge funds and laughing their asses off at the funds scramble to figure it out.
One possible player: Elon Musk
That's the first person that came to mind.
Remember when he got fined by the SEC? He does not like the hedge funds and the short squeeze.
He even said the $20 million fine was 'worth it' haha!
https://www.livenewsnow.com/american/cnbc-america.html Insane back and forth between Chamath Palihapithiya of Social Capital and CNBC talking head, Scott Wapner.
Wapner HATES what is happening!!
Oh yeah, they are also creating the 'Streisand Effect' right now and MSM is stuck between a 'rock and a hard place' because it's huge news but is also tanking a lot of their buddies and funding sources at the same time.
Man, sorry to hear about your local job market.
I traded while in college a bit, I was an athlete on scholarship and the team captain/MVP and made $27,000 (with only $3,000 invested) in Sirius satellite radio before the XM merger. So, coming from a not-well-off family and on a full scholarship, then getting a big-screen, PS3/XBOX360 and a nice apartment and stuff, my teammates and many other athletes thought the university was paying me to compete, BWAHAHAHA! I had to show them that I had just luckily stumbled into a few good investments that skyrocketed and had hardly any expenses.
With the kids, we have had ours (all elementary grade) earning with chores, and debiting for the things they want, for a couple years now. It may not be the most optimal way, but they sure value a dollar more when the American Girl Doll is a few weeks/months of chores and extra work, as opposed to mommy and daddy magically having money on a plastic card!
The HVTs and billions that some of these funds and investors play with make the market so different than it used to be. I keep the same old strategy - long-term companies that I think are innovating and will be around 5-10 years from now still as a frontrunner in their industry. Been burned too many times in pharma and 'new tech' bubbles.
Random thought - If Elon Musk was a natural-born American citizen, he'd have a pretty good shot at becoming president.
Imagine the investment in the space program if Elon were in charge of it all. Solar and electric cars for everybody. :)
Shit, we'd be colonizing the solar system by the end of his first term.
What subs are the redditers posting in?
wallstreetbets
That's where this type of stuff usually starts. It's been months long on this one already.
Where can I read more about this story?
It’s not just hedge funds. It’s all connected and this is a unique opportunity to legally inflict massive damage on the entire corrupt system.
Prepare for everything to be all of our fault and a bunch of blue collar 'victims' paraded about as reasons why a trillion dollar bailout is necessary.
You hit the nail on the head!
"The victim hedge fund managers" - Before 2020 I would have never thought that would be able to be said in a statement together and now it can, and likely will be used for more bailouts of more fake borrowed future money from a fake monetary system.
Except this won’t “crash the system”. This will cause a few of the firms that shorted GMA and AMC to probably go out of business. But most investment firms didn’t short gma and amc. This is small potatoes relatively speaking.
I'm watching WallStreetBets autists going crazy about it. They're definitely buying/moving on it.
This post is a counter to the narrative being pushed by those sources.
I know what they are 'saying', I just don't believe it.
I see shitloads of PANIC on the financial shows, this very minute.
I call BS on the MSM spin that this short squeeze is due to oddlot Robinhood trading. No way! This is an attack on MUCH larger scale. It requires a lot more to squeeze this many positions. GME, BBBY, NOK, etc. etc. I am not discounting the power of the small guys banding together and piling on but the catalyst for this squeeze originated from somewhere else.
Most WSB people mainly use options, not shares.
Options don’t really affect the price of the underlying.
This is bigger. https://www.reveddit.com/v/wallstreetbets/comments/l2ejas/gme_the_truth_behind_cramer_the_news_melvin/
You are correct! Buying calls does not squeeze a short. Only going long can do that. And it takes a lot of capital do do it on this scale and this many names.
Coordinated:
https://www.reveddit.com/v/wallstreetbets/comments/l2ejas/gme_the_truth_behind_cramer_the_news_melvin/
yes i've seen this story and it's absolutely FALSE
retail traders don't have the capital to put so much as a dent in market prices
a really really BIG player is doing this. dudes on reddit don't have this kind of leverage to shape markets. they just don't. something huge is happening here.