Skip to whatever section you need clarification in:
- Stocks:
A stock is just an entitlement to a small share of profit or revenue from a company. Businesses are after all, a collaboration of labor and capital (you're the capital) nd both are entitled to some share of the gains. These gains are paid as dividends.
- Dividends:
The dividend you may receive is set in reality. What they bring in is what they pay out, basically. The company can't pay out more than they make, but they can't afford to pay less than a certain amount because they rely on capital investment to run the business and no one is buying in if you 'aint paying out. But what should a "stock" be worth? Well, what share of a profit actually worth? Depends on how much profit a share will pay out right?
- Share Price:
It's easy to understand that if a "share" is paying out $1 per quarter, then it should be worth twice as much as a "share" paying out 0.50c per quarter, right? Well it's a little more complicated because there's no certainty what the pay out will be ahead of time. Did the company do good this quarter? Did it meet it's "projections" or did it fall short? Did something unexpected happen, like a pandemic, or a ill tempered tweet causing a boycott?
- Speculation:
Because of these risks, some known, some unknown, different people have different opinions on what the stock is worth because they have different views of what the dividend will be and how likely or risky it is to rise or fall. Some risks are commonly "factored in" to the price, (such as price of rice) since flooding and drought may not come this year but they'll come some year. Other risks aren't easy to predict, or even inevitable. But if you believe a war is coming, or a new product will be a success, you may decide that a given stock is over valued, or undervalued. By purchasing an undervalued stock, you don't just reap a higher return through a larger dividend than if you invested elsewhere, but if you later sell that stock you accrue the price difference after it's price "corrects" to reflect what becomes common knowledge. Similarly, "shorting" is how you make a profit off a stock you believe to be overvalued.
- Shorting:
Let's say a stock is selling for $20, and you think it's only worth $15. You believe this because you think the dividend paid out will be lower than what most people buying/selling think it will be. Well what you can do is make an arrangement to 'temporarily' hold onto someone's stock for them. You'll totally give it back at the end of the contract, say a week, so the original holder will still hold it when the dividends pay out. You offer to pay a small fee for the privledge and both parties are happy. The original holder is happy because they just got paid free money for doing nothing - they were going to hold the stock anyways. And you can now short the stock. Because all that stock you're temporarily holding? You sell it. You sell it at $20. It's only temporarily yours, but you sell it. Because remember, you think the price is going to drop and you don't have to give the stock back until next Friday. Well Friday rolls around and lo and behold the stock dropped to $15. You buy some of that stock at $15, and give it back to the person you borrowed from. You bought low, and sold high, you just did it in the opposite order.
- Hedgefunds
Now let's say you're a hedgefund and you think Gamestop is overvalued. So you 'short sell it'. Now you're sitting on some cash from your sale... hmm, what to do, what to do... well it was a good move with a few shares, so why don't we do it again with more shares? Like, a lot. Like, as much as we can get our hands on. So you borrow and sell, borrow and sell. Eventually you've borrowed and sold the same stock multiple times. That's how you get to 130% of all available shares being in this state. When Friday comes around and the price has dropped, you're going to make a killing. You'll just buy the shares to give back at the lower price and pocket the difference. Just like you've done before. And this time will be no different. The stock price will definitely be lower on Friday... right?
- INTERLUDE
Wait...
What's that...
A board of Chaotic Neutral autists with stimulus checks see what you're doing to their nostalgic brick and mortar from childhood? Well what could a few unwashed millennials do?
- Enter Stonky Bois:
Hey guys, what if we buy Gamestop, but like, keep buying it. We buy and buy and buy and never sell. We drive the price up well beyond anything the dividend is worth, but who cares, come friday all these short sells get called and they have to pay them back at literally whatever the stock price is then. We'll make a ton of money. So they did. They drove the price up and guaranteed a profit for them, and a loss for the hedgefunds.
But wait, what's that, these prices are getting ridiculous. $100? $200? We're not going to just bankrupt these hedgefunds, we're going to break the fucking market. We're going to break it so hard it exposes the shell game for all to see. What happens if the stock is worth $1k? Or a million? Guys the emperor has no clothes.
- It's not about the money, it's about the message.png (you are here)
To hell with profits, To hell with selling, or bankrupting a hedgefund, or even about just making our own money back. Let it all burn to the ground, I don't care if I see a cent of return, I want to drive this price so high that it costs so much to repay that the entire system grinds to an explosive hault. What will happen? Can it be ALLOWED to happen? Will the SEC (Securities and Exchange Commission) put a halt to trading? Reverse trades? If they do they expose the fraud for what it is - it's ok to rig the game when the rich profit, but not ok when the rich are fleeced? Would such moves herald the end of old money and the old financial systems? Centralized fiat relies on the appearance of fairness, and when you remove that you remove the foundation it relies on. Can they afford to step in? Can they afford not to? Is this the moment centralized fiat dies to be replaced by decentralized crypto? No one knows. But does it matter at this point? Buy and hold. Fuck 'em
Great post! I have only one quibble. WSB did NOT rig the game. They played the game exactly by the elites' own rules.
It's part of why people are so elated - it shows we have the power to beat them at their own game.
Agreed. I don't think I have insinuated wsb "rigged" anything, but if I did let me be clear - wsb has done nothing wrong (though the powers that be will try and make it sound like they did)
Imagine trying to claim that it's ok for one person with $100mil to do something, but not ok for a million people with $100 to do the same thing.
What's your thoughts on how this is bigger than a few autists doing this? Meaning some big power is behind the stonky bois and are the main reason this is happening?
I think this is fairly likely. Thinking white hats maybe Elon? He wants blood, as they tried to kill Tesla this same way.
remember DFV is a big part of the subreddit and a lot of regulars are holding because "HE'S STILL IN".
Now who, back in 2019, could have had enough knowledge to invest 50k$ on the stock of a company which was ostensibly going to go bankrupt soon?
Who is the new CEO of Gamestop trying to modernize it?
The whole thing smells of a Whitehat operation imo.
yeah I wouldn't be surprised
Elon is great in some ways, and Tesla makes great cars. However Tesla, the company sucks. It's a bit Enron, a bit Bernie Madoff type ponzi scheme. In a proper market, Tesla would have gone bankrupt long ago. Here's a good read: https://seekingalpha.com/article/4360590-tesla-may-be-using-questionable-accounting-policies-to-show-profitability
I don't buy it because it's been in the works on wsb for a long while. People starved for something to happen to prove hope isn't lost are latching onto anything.
But just because Q and the like aren't behind it doesn't mean the fucked up system they are fighting against isn't vulnerable to other uninvolved actors similarly aligned whether they realize it or not.
So here we are.
If GME is public, wouldn't it be easy to see who holds big chunks of shares? If there are a few "white hats" doing something, wouldn't we know it?
Stonky Bois go "I like that stock!"
Just a small addition:
Just watched Louis Rossmann's video on the subject and from what I understood, a particular hedge fund took a short position on ~120% of the outstanding shares of Gamestop using publicly accessible information. The short version of the short story, as Mr. Rossmann so eloquently alluded to, is that the hedge fund got absurdly greedy, got caught balls-deep in the apple pie, and got fisted so hard they're trying out to be the new goatse.
Yeah, pretty much!
And the really infuriating thing is that NO OTHER HEDGE PUNISHED THEM FOR THIS. It's so easy autists could do it, but no one else did. Because the game is SUPPOSED to be rigged. This is the same normal rigged greed game with no fair actors balancing it out just at another level.
In queensbury rules, you don't stick your thumb in another faggoty hedge's shell game pie. So other groups just let each other get away with shit like this all the time. We're not supposed to be able to play their games, and the fall out for this is going to expose the sham for what it is.
Watch as regulations are made to keep plebs away, laws passed to redefine insider and collusion to make no sense just to punish serfs, and reversals to protect the rich and deny the profits of the dirty poors.
What a time to be alive!
Great post OP. Can you provide a little insight as to how to buy these short positions? What to look for? Which trade platform is best? We would be buying the short position on the option correct? Not the stock itself?
All I know how to do is buy the stock itself
TD Ameritrade worked for me. Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared.
There are ways to buy someone's short ... I think ... but I really don't have insight into the terminology to pierce that particular veil. Puts, calls, shorts. I'm a stonks 101 graduate, never took 201.
But simply buying and holding the stock works fine too. I know that while there was some general fuckery on robinhood denying general buying, they went ham fucking over the advanced trades. Basically forcing people to sell their positions without consent. Illegal, so very illegal. But hey, exposing the rigged game is literally half the point for many.
Anyways. TD Ameritrade. Buy GME.
Oh ok. Thanks for the advice.
All hell will break loose if they try this. Count on it.
Great explanation. Let's see how my American airlines, bed bath and beyond, and AMC do..
If you are buying anything other than GME you are falling for the damage control shills trying to redirect your money. Any dollar going anywhere other than GME reduces the damage. $300 GME destroys the hedge, but there's some unknown threshold that destroys the whole centralized fiat financial system as we know it.
Because at a certain point the SEC steps in and does shit only a centralized player can do, which will be draconian and entirely unfair. It will expose the rigged game for all to see. Centralized fiat relies entirely on faith that it is fair, so exposure of cheating in the open (it's usually hidden) would be the beginning of the end of a financial system used to keep people in chains.
It's one thing if a hedge is on the line for tens of billions, but what if they're on the line for a trillion? Get it? Somewhere between the two the SEC has to step in to prevent people realizing the emperor has no clothes... which in and of itself will prove the same.
If you're only in it for quick returns, there are always other options, but if you're in it to fuck the system, for luls, or for financial revolution there is only ONE stock, GME.
$100 of your money has never had the power to do more for the future of humanity than today, and it's not in AMC.
"Guys we're storming Versailles!"
"Actually, I'm just gonna break some shop windows and loot my local jeweler"
uh... well... ok then, you do you I guess
Great, well we're crossing the Delaware and holding the market accountable, you go be "your own man" somewhere far away and preferably stay there.
This isn't a "hey, interesting stock tip for you", this is an opportunity that requires solidarity to work with a strong political and social undercurrent that you really ought to be on board of. It's like if we had a way to hold the election fraudsters to account but we need everyone and some dude says great, I'll be over here sticking my thumb up my ass because it looks like it might have slightly better returns, or I would prefer to get on the ground floor of a future battle not jump in the middle as reinforcements.
Shameful behavior I'm seeing and hearing out of a lot of you, and I have to chalk it up to profound boomer ignorance of what's actually going on and what's at stake because the only alternative is just so much worse.
If you think being a boomer has anything to do with age, you're definitely a boomer
It's not rigged. Most of the stonky boys will lose their asses when the stock returns to a price that reflects the true value of the company. They are kidding themselves if they think they have the smarts or the deep pockets to go head to head with the hedge funds.
This isn't a bubble, this is a short squeeze.
In a bubble people can look at the price and decide "fuck that, I 'aint buying at that price it's over valued" so the strop price drops as more people sell than buy
In a short squeeze people holding shorts are required to buy them at market price. They can't not buy, they have to. And we aren't talking a few shares they have to buy and then it's over gee I hope you sold when you could later bois.
No, they short sold 140% of available stocks. Maybe close to a hundred million shares they are REQUIRED to buy at market price, whatever that market price is. And to buy, someone has to be willing to sell. It will tkae them literal days to purchase all the stock they are required to, and as they do so the price of the stock will explode. Not 10x, maybe not even 100x depending on how much of a dick the holders are in refusing to sell.
And we're pissed.
If the hedge can't afford to buy the stocks, the brokerage is required to, and if the brokerage can't, their bank must. The game is rigged so the rich always win and get their money... only this time it's the people playing the role of the rich.
Get it now?
And yes it is rigged, they are literally pulling out illegal shenanigans to try and stop this. The hedge is sending out disinfo to manipulate the market, tRobinhood and their broker Citadel (who bailed out the hedges to the tune of $3b) just delisted GME, made it so you could sell but not buy, and were selling people's positions without consent)
This is real, you're in a happening.
The stonky Bois either are not going to lose their asses because they didn’t individually put that much in, and/or they just don’t care (how many people do you know who wouldn’t set three hundred dollars of their own money on fire to watch a hedgefunder lose everything)? They are a bunch of little jokers setting small piles of cash on fire to watch a hedge cheater’s house burn to the ground with him inside.
‘Melvin closed’ reported by who? Their friends in the media? Bwahahahahah...
That’s just damage control.
Get fucked, it’s still 139% Short.
This hasn’t even started yet. Fasten your seatbelt hombre.
MAKE SPACE GREAT AGAIN!
TO THE MOMALA-LOVING MOON!
2021 LUNAR LANDING CONFIRMED
MISSION TO MARS IS A GO!!!
^^^^THIS^^^^
Mathematically impossible.
They are lying to the press to that effect, which is also illegal attempted market manipulation.
Look up what happened to Volkswagen in 2008. Same scenario playing out today. Short sellers and hedge fund types lost over $30 billion then. Could have been spectacularly worse too, but Porsche spared them. Do a little research and stop trusting lying MSM for investment advice.
In fact they have likely gone even SHORTER. Doubling down. They are going down. Watch and see. Enjoy the show.
Bless all the pedes that are decapitating these evil satanic snakes.
u/Imransgarage has a point in that REPORTEDLY the short position was closed out Tuesday afternoon.
Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position GameStop Short-Sellers Start Crying Uncle, Close Out Positions
Some $3 Billion has been loaned to the fund by Citadel and Point72.
The amount of the loss cannot be confirmed, although in the Motley Fool link, one of the hedgies reported a 100 percent loss.
So while the big hedgies cited closed their positions Tuesday afternoon, $GME continued to rocket upward during market hours on Wednesday and Thursday based upon the buying pressure exerted by "neckbeards" who gotta have their single shares or even slices of a "stonk?"
Meantime, the Fool notes other short-sellers are stepping in because there's an old Wall Street adage: "Trees do not grow to the sky."
It's all good here, as long as everyone playing this game on the buy side is prepared to hold on no matter what.
The Capitalist in me hopes they do, and $GME uses that capital to grow their business into its current valuation.
So gamers, find your friendly neighborhood GameStop and spend a buck or two today, tomorrow and forever more and don't reward the online mercenaries who've been "creatively destroying" vast swaths of the American Main Street economy.
Honestly, I’d love to buy a single GME stock, print it out and hang it on my wall as an homage to my small part in flipping the money changer’s tables.
It is absolutely impossible for that stock to stay that price.
You sound incredibly ambiguous when you mention "online mercenaries." Maybe I'm reading too much into it. I'm going with my first impression and assume you are on the side of Robin Hood and Little John. So much fake news to get people to give up this once-in-a-lifetime SQUEEZE. We've trusted CNBC since when? It was always CNN for the left, FOX for the right, CNBC for the "investors." And that "report" is intentionally unclear. What exactly does that mean when they say that they "close out their short position"? Did they literally just sell off those put orders for pennies on the dollar? I'm going to say hell no. Even if good ol' Plotkin's down, there are PLENTY of big fish that will fill that void. https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F_X01/infotable.xml ^Just look at that... there's no way they can cover ALL the shorts... This is literally the epitome of Wall St. vs Main St., just this time we are the ones making the money. GAMESTONKS FOREVER!!! I will buy EVERY PS5 in my zip code with my GameStonks money!
spez: this should not be taken to be financial advice.
To be more precise, the reference to "online mercenaries" is to the Amazons, Netflixes, Googles, Facebooks and such that have been kicking Middle America small businesses in the ribs for the last two decades. (With help from the RINOs, 'cRATs, Wall Street and their ChiCom enablers).
Look at the trade volumes ... ... ...
Also if they're not short as much, others still are. Plenty of them. Melvin is donesky.
Also, not giving financial advice here. Kthx.
Blackberry? Wanna have some Blackberry too?
Well I’ll buy in tomorrow and throw away a few hundred for this cause
Enjoy the show! You're part of history!
Only buy what you are willing to lose. This is about screwing the system, not making a quick buck.
Yes if you want to piss off the billionaire hedgefund 'rig the system' class.
Buy in @300, and enjoy the show
GME is at ~$300 right now
You can make a robinhood account, link your bank account, and trade off whatever you transfer for deposit immediately. Search for GME, issue a buy order, and at market open they'll buy up to whatever your specified amount will buy.https://robinhood.com/signupIt's not hard, don't worryRobinhood just went full psycho, denying the ability to buy GME, delisting it, only allowing sales, and selling many people's positions without their consent. Wowie.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
Giving you 1 share of a 5 dollar stock as an incentive to use their service over others shouldn't raise too many flags as far as most incentive offers work. But beyond that RH is a major player and is one of the prime traders /r/wsb and /biz/ use. It's also very easy to use.
But you do you.
I thought RobinHood sent out an announcement they are not allowing buys of GME through Friday? TDAmeritrade was fucking around too. Perhaps he should try ETrade?
These fucks are trying to save Melvin's crooked ass.
The worst case scenario is they cheat so openly and immensely to save their buddies that there's no going back and the whole centralized fiat system grinds to a halt. Totally worth the price of Admission. Buy GME.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
Robinhood went full on "But wait, that's massively illegal" doing what they are doing. Remember how I said that either we get rich, expose the system, or both? Welcome to exposing the rigged game by forcing their hand! There's way more going on, but the answer to your question (and mine!) is ameritrade.
RH canceled the order I put in the night before and I had to scramble when I woke up.
You are a liar or a shill? Which? Not enough trading volume has been conducted (not even close) to close out a 140% short position.
You are a liar and spreading disinformation.
Which hedge fund do you work for? Find Jesus soon.
Was 139% a bit ago. You are correct it may be new people going short. Some though surely is old bad positions that are coming due soon. This is just beginning. Tomorrow is going to be an even bigger bloodbath for those going short. They never learn.
They can report what they want. Doesn't make it true. We'll find out.
There were no insults. But don't be naive, do you expect MSM to be honest? They're in bed with all these crooks.
Citation needed (and not CNN Money)
I wanted him to cite where he came up with the idea that Melvin had gotten out of their short squeezed position, and I think he didn't cite his source because it was tv news who is lying about it. As far as I can tell the squeeze is on. HODL.
No, they haven’t.
It’s still 139% Short.
No they didn't. You wouldn't still have 140% shorted if they did.
But don't feel bad, those are the tricks they do to manipulate markets and herd retail investors like us all the time.
*Also, none of this is financial advice. I am not your money manger, I live in an up turned wine barrel and jack off to passing strangers
You're not that savvy lol
Looks like Wall Street is about to be pushed over the "hedge".
Who else thinks this is extremely serendipitous and suspicious timing, and GameStop of all things... smells like the work of weaponized autism...
It is, but that doesn't mean it's Q
Q didn't locate the HWNDU flag, and Q didn't point wsb or biz at GS
Adding one note - hedge funds are called that because they make very heavy specific bets and 'hedge' them to cover their exposure as soon as the odds become more favorable. This is where the 2nd half of the pump comes in. The hedge fund is taking an opposite position buy buying GME shares along with the retail investors which is further raising the price and fucking themselves over. This is called a gamma squeeze
GameStop is an excellent name.
GameStonk
I think that this was a white hat op from the beginning of the hedge funds betting the price would drop. The hedge fund guys probably got some insider "info" that they thought was legit but the good guys had something in store for these scum buckets. Then it took off like a bullet when they decided to buy, buy, buy. Gen Flynn did say give us 30 days, was that from Dec 31st, maybe, that would be like the end of the month tomorrow for the stock market. Dave at X22 thinks the 30 days may be from the "inauguration" so that could be a secondary date. So two 30 day windows for different things to happen.
This feels far more like fishing.
If "30 days" can mean literally anything it isn't a prediction. Of course something is going to happen in 30 days.
Well said. I like your style.
I really like this stock.
Video related
https://youtu.be/ZUt6tpA2v-8?t=49
I really like this stock
When I understand option trading enough to explain it properly I may revisit this chain. Don't feel bad, this shit is INTENTIONALLY obscured behind insider vocabulary to keep people like you from understanding it enough to participate.
They define thing self referentially to keep people out. ie a put is a short, wait what's a short? Well a short is a put.
just sucks for the last people that are left holding the bag for these worthless zombie corps.
That won't happen for quite some time, and a huge skyrocketing share price, due to the sheer volume short these hedge funds are. Please don't randomly doom if you don't have the slightest idea what you're talking about. The stock market game is not simple for any old Joe to understand what is happening right now.
Your comment is uninformed. Consider researching what happened to Volkswagen in 2008. Same scenario replaying itself.
TL;DR These hedge funds and those backing them up are checkmate'd. We are just only beginning to see their demise happen. Watch closely.
You don’t get it, do you?
Distributive thinking is powerful enough to topple any institution.
One guys says, "I have an idea..."
And where there are blanks, others fill it in, and before you know it your forum has bombed a terrorist camp, located a flag, or bankrupted an overexposed hedgefund in a shell game that non collaborating poors weren't supposed to have an affect on.
The rich are too few to compete with the distributive cognitive power of the masses, and it's only the advantage of wealth and existing institutional knowledge that is keeping them in the game. Without a hint of sarcasm, chat forums have changed the power dynamics of the world. We are watching what a v1.0 neural net can do.
Figuratively, of course. :)
Dang it. I forget the world we live in. Yes. By “burn it down” I mean “expose it for what it is.” I think it would be hard to burn down something invisible anyway. But who knows in the world anymore
Better safe than sorry!
Something “invisible” (antifa) can literally burn down something real (a building), so no reason something real (you) couldn’t burn down something invisible (the open market). Right? Leftist thinking...
Does anybody want to speculate over the short, medium and long term
regarding where this is likely to go,
what are the possible outcomes ?
Way upwards of $300 when they attempt to begin covering their short positions, which soon, they are going to be legally and financially OBLIGATED to do.
Enjoy the show.
Rational actors would sell off once the short sell begins. They'd see 2x, 3x, 4x gains as it takes days of constant buying to cover those 140% positions.
But rathional actors already sold off. They sold at $40, at $100, at $200 and $300. They sold to irrational actors that just like the stock. Who aren't going to sell at reasonable returns. Who might sell 10% of their position once it 10x's then hold the remaining 90% for eternity, holding it still after it 100x's because they are happy to have it burn to the ground in a week if it means watching the system implode in the process.
No one can say how high it will go, which is why they are so afraid. The hedge goes bankrupt and their financial obligation is passed to their brokerage, and if they go bankrupt it passes to their bank. Someone, somewhere is on the hook for this.
*This is not financial advice, I am an indoor pheasant rancher and eat my own boogers.
Squawk box is losing their shit over this. Cohen hedge fund lost half their $$ on this deal. Keep it up bois! Winning
Thank you.. I've been trying to wrap my head around this for the past two days
I am at your service
How can one see how many shares are being floated? How many more shares shorted than there are available? Also how to tell who has such a position? Can this process be automated and open sourced?
I don't know. I get that info second hand from wsb and biz
The quiet word is that he had the tacit approval of the Queen before trying that stunt, it is rumored that this is one way they built the war chest needed for the final push to globalization. I'm sure he never would have done so otherwise, lest he be swatted away like these poor redditors will be.
Much appreciated! Now I get what all the fuss is about.
Thank you for this explanation!
This dude is doing their part
But what will this do to everyone's 401k? I have Boomer parents that are about to retire, they need their 401k!
Nothing unless their 401k is specifically invested in a single hedgefund rather than properly divirsified. GME represents a tiny tiny fraction of overall market exposure.
But on the other hand, there are ripple effects.
Other funds which have similar plays now feel at risk and are 'correcting' by getting out of a lot of their positions. This will create volatility which is insider speak for shit bro I don't know shit is gonna be weird for a bit
Insiders are now using dirty illegal plays to try and cover themselves. Robinhood delisted GME (can't do that) made it so you can sell but not buy (can't do that) sold some people's positions without their consent (can't do that). Illegal fuckery is about. That's exposing the rigged system for what it is, and it will kill confidence in access to the market, which kills confidence in the market.
2b) Prepare for possible OWS 2.0
TLDR their investments are secure, but a dip is very likely in the short term
*this is not financial advice, I seldom shower and don't own pants
Didn't this happen just before, during and after 911 with airline stocks. People make millions when the airline stocks dropped. Insider trading? Many knew about the events that took place on 911. The FTC, we are told, investigated this and quickly dismissed it. These people have been ripping us off for decades and the same people are told to investigate the themselves.
There are lots of cases they could sweep under the rug before. But not only are we the people watching, and pushing their hand today, but social media means EVERYONE is going to see it. It's not like 2002 when you say something at thanksgiving dinner and true or not no one pays attention. It's in everyone's feed. And if one thing is certain about human behavior, that which is true to them is that which is repeated.
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
But you're right. There's the opportunity here to make money, but more than that it's about revealing the rigged game by forcing their hand. And as you can see it's working.
Now do some math... WWGOWGA + "you have more than you know" = ?
This isn't a new phenomenon, folks. It's called a short squeeze.
Gamestop stock has become a Ponzi scheme. It's a cute story now but when the price collapses back to where it reflects the true value of the company there will be a lot of Reddit bagholders. Then we will hear even more whining about the markets but the reality is most of the Reddit gang isn't disciplined enough nor do they have deep enough pockets to play these games.
How can you call it a short squeeze then define it like it's just a price bubble?
We aren't talking about a few outstanding shorts. They shorted 140% of all available stocks. It's going to take days to buy back their obligation. No one is going to miss the window that doesn't want to. And plenty of the bagholders will simply be those who refused to sell out of principle - Those who sold 10% of their holdings to cover their initial buys and are happy to let the rest burn to the ground. People with tens of thousands of shares who bought in early who have watched things get very personal. The yolo wsb'ers who never claimed to be smart and will get more joy cutting off Jamie Lanister's sword arm than for all the gold in Casterly Rock.
This is a genuine happening my friend.
Yeah that's exactly what it is, and a lot of people on WallStreetBets are very well aware of it - as are most finantial news outlets reporting on it. But because "autists" have mostly zero finantial knowledge of what this is all about, they're getting their pp hard with the Joker roleplay, "It's not about the money, it's about the message" (like OP states). Like just look at the end of the post, "Would such moves herald the end of old money and the old financial systems?".... God, no it won't, this has happened several times over and is well documented in any economics major literature.
What's actually happening is that bigger and richer hedge funds and getting even more money from this smaller hedge fund's collapse - the richer are getting slightly richer from it. While some fantasize about roleplaying a "revolution through memes", anyone with finantial knowledge under their belt is like "oh it's another short squeeze, anyway--".
What's a good app for newbs to start investing?
Yesterday I would have said Robinhood. But since they canceled buy orders, de-listed GME, and forced some positions to sell without consent from the hodlers I'm going to now say:
TD Ameritrade
Created and acct, transferred funds, and had my order filled in <15min from start even before funds cleared
The system is falling apart and the rigged game is being exposed for what it is... but options still exist.
Amazing. All on the day Maxwell docs were declassified...
This is the news.
You wan't the corrupt cheating financiers to finally get a taste of their own medicine? Well it's happening. And this is just the tip of the iceberg.
either this is repeatable, or they're going to pull the plug
Perspective... this is a MUCH BIGGER HAPPENING than any of the other stuff that is going on. Yes, the other stuff is big, but it doesn't matter because the Robin Hood transfer of wealth is what THE PEOPLE will respond to. No one cares about declass. EVERYONE cares about seeing useless financial institutions burned to the ground.
The timing is PERFECT. So perfect that it seems... intentional. Keep in mind that the mysterious madlad that started this whole thing, first posted on WSB 17 months ago.
You are witnessing a controlled demolition.
Just shot them a $100 bird.
Their anal rape just got 100nm deeper!!
Current penetration is 10s of billions of nmeters!
Lol every little bit counts