These stories of GME remind me of something else.
(media.greatawakening.win)
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Can anyone explain to me what is happening? Although I would like to, I don’t know shit about the stock market.
High level explanation:
A bunch of investment firms were "shorting stock" by borrowing at a certain price like 10 shares for $10 at a total of $100, and waiting for the price to drop to $5 dollars, and then completing the transaction at $50 instead of $100, allowing them to gain a profit of $50. When borrowing, you eventually have to buy it.
A bunch of autists, pedes, and fags discovered this, and started buying the stock wholesale (not borrowing the stock). Actually buying the stock had the effect of making the price of the stock go up, not down.
So instead, of only paying 5 bucks a share to complete the borrow/promissory action and making a profit, the stock went way up. Like to $350 a share. Not only that, but there is only 6.9 million shares of gamestop stock, but it is estimated an additional 7.1 million shares were bought on top. Making the stock even more valuable.
With all those shares being out there, all these firms that have been buying millions of shares expecting a quick payout are now on the hook to pay billions of dollars for this stock. There are investment firms that are going insolvent right now as a result, looking for a bailout as they are fucked. Imagine borrowing a million shares at $10 dollars, expecting it to go to drop to 5, and make 5 million dollars at purchase only to have to pay out $350 million instead?
And since those fighting back pay full price for the stock instead of borrowing, they owe nothing. Any increases in stock price have to be covered by these firms since they are on the hook. Regular fags get paid out, and the billionaires are footing the bill.
It is essentially financial warfare. Expect billionaire suicides.
Excellent explanation. Hopefully some of the people here griping about the GME posts will see the beauty of this move. Biblical...
Yep. And its not over. Bigger players, not just the fags, have gotten involved. They keep buying. Stock keeps going up, and the billionaires are getting fucked further and further.
what bigger players? I saw Elon was tweeting about it. We all know how much he hates shorts haha
You would hate them too if your company was being shorted.
There is no cap on what they will lose. They will be forced to buy shares, something like 140% of the total shares in existence. You can only buy at the lowest price a share holder is willing to sell at.
Yep. That is why they are so fucked. It was a glass house just inviting stones.
Thank you! Your explanation has not only made me a little smarter but as a bonus, has given me a warm satisfied feeling and put a big fat smile on my face.
Awesome explanation, you nailed it! Worth a double up-vote, if it were possible!
I'm loving this and your explanation is perfect. It's the movie "The Big Short" in reverse!
Options: calls and puts
Hedge fund managers have shorted GameStop at 140% of its shares. Little people have banded together to buy all the shares which drives the price up. The hedge fund dudes have to fill their short contracts so they have to buy at a much higher price than the short contract. Little guys make a dick ton of money while the shorters lose a dick ton of money
...People have decided to buy GameStop stock for shits and giggles massively inflating the stock value trying to force investment firms and hedge funds out of business. [brace for impact]
They did it for the luls, which is the best part.
Bonus: they are getting paid while doing it.
Trading Places. Top 10 movie of all time.
My son knew about this before I did and said he was in a battle of good versus evil LOL. I thought, "maybe there's hope for him yet." But I really didn't understand it at the time. The explanations here have been really enlightening. What's interesting to me about it is that these are just normal people having a conversation on Reddit that decided to wage battle against the greedy jerks that destroy companies and livelihoods.
This is real shit. There are more short contracts than actual shares. I dont know of this having happened in my lifetime
I don't know how that happens. It's all a paper fraud.
I believe that it happens through bundling.
https://greatawakening.win/p/11SK7FvB39/the-gme-stock-war-leads-to-suici/
Sticky about it.
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.
ohhh interesting. Can you elaborate? Is this affecting other companies? Who do you think is behind this?
Motive and who is behind it is above my pay grade. It will create a liquidity crisis as margin calls require cash. There will be forced sellers of high quality positions to cover. The severity is yet to be determined but it looks really ugly. Ugly forced selling of quality positions is music to a rational investors ears.
So do you see the stock being maxed out or can the ride go on for awhile as little guys pile on?
RIDE OR DIE BITCHES
Banks closed President Trumps accounts therefore he had a considerable amount of cash available. Possibly he invested 20 or 30 million on a short term bet. No longer in office there are no restrictions on his investments and no reason to report them. Good way to replenish his coffers.
Great comparison!!! I find this a fabulous analogy in so many ways. The modern version to be sure. Props
Wall street tendie party
I'm in. I dont care how high it goes or goes bust. Hedge fund billionaires got greedy and made a really bad gamble and lost. Fuck them
Damn would you let a guy in on this next time it happens!!!
Our founders were LOOTERS, cop killers, rioters, lawbreakers, tax evaders, false flag attackers, traitors!
Theses are some very uncomfortable facts for most “Patriots” who haven’t broken free from their deep state indoctrination (education).
You must have a job with the 1619 Project or at least you should with that cuck of a take on Ameican history. Our founders were entrepreneurial intellectuals who wanted to rightfully throw off the yoke of tyranny. In a parallel to now colonists were taxed so much that they could barely get by. Their tax dollars went to the pockets of an elite ruling class who lived lavishly and did not reinvest the tax dollars in the communities of those which they came from. Furthermore, the colonies had no representation in parliment and were slaves to the system with no voice to seek justice other than down the barrel of a musket. If you think the founding of the USA is something to not be proud of, then I suggest you look into moving to Canada, Mexico, Cuba, Venezuela, or some other "better" place and get back to us on how horrible the USA and its founding is.
Our founders were LOOTERS, cop killers, rioters, lawbreakers, tax evaders, false flag attackers, traitors! Theses are some very uncomfortable facts for most “LIBERALS” who haven’t broken free from their deep state indoctrination (education).
Here I fixed it for you. Go back to sucking your college professors ass