Worldwide baby!
(media.greatawakening.win)
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Lmao. I do not understand this at all but I get the concept of the power of the people. This is great!!!!.
The hedge funds are going to go belly up if this keeps going and so will the underwriting banks.
This is a big FU to the games Wall Street plays that manipulate the market.
This is people showing they have woken up to the oligarchs who think they rule us and the masses fighting back.
What will the effect be on average Americans?
May you land safely fren ferret!
Good thing I am at -1 then, all I got is to go up!
Me going part time at my job for one, I'm sure the same for a lot of other Patriots as well. I am super pumped!
Nothing
Will it be your grammy & grandpa’s bank?
Hedge funds full of elite investors invested in a "short" for GME. A short is when you borrow shares of a stock and sell those borrowed shares, hoping that they go down so that when you return the borrowed shares, they're worth less than what they were when you borrowed them. If it works well, you sold them at say, $20, and now they're only worth $5. You keep $15 per share.
They borrowed so many shares and r/WallStreetBets found out, and invested heavily, effectively bankrupting Melvin Capital if people don't pussy out and sell by tomorrow (because Melvin Capital MUST return their borrowed shares by tomorrow, but they're like $200 each now lmao). It's political now because the elite don't want every day people to organize against them (like hedge funds organize against us). Not only are they in the hole at $200 each, but they have to BUY to cover their short, driving the price up further as they return those shares. There's actually no limit to how much money they could owe.
Another way to look at it is "would you pay $100 to kick Wall Street in the balls?"
And these fat pussies would happily take that kick to their balls instead of their wallet; this strategy hits their wallet, so it's that much more satisfying.
They never fathomed that common people like us wouldn't care about the return value and would be willing to throw money away to hurt them back. These fiscal rapists have been doing enough damage over the decades.
It's beautiful. You can only imagine how many (very expensive) pants are being shit right now.
I'm gonna buy a chance to kick them in the balls as soon as the market opens tomorrow morning!
Tickets to this ball-kicking don't come very often. Worth the price :)
Do research on the others too if GME isn't buy-able ... I've heard AMC, NOK, NAKD, BB are possibly being targeted too. Picking up a few shares to solidify their books against attacks like this would be a powerful tool if enough of us did it.
Hell I'll gladly throw away $200 and I'm a blue collar 34 yr old whose a husband and father of four. I'm willing to cut back wherever necessary to make it happen. We cannot be controlled and collectively we hold the actual power as long as we have skin in the game.
Imagine if 100 Million pissed-off Trump voters did the same with an average of $200 ... powerful, eh?
It can take a couple days for funds to transfer into an investment account, so be ready if you want to fight like this. Open it up tonight/tomorrow and get that transfer started, if you want to get off the sidelines.
Thats intresting. So they actually feel pain over sensely spending money. It might actually be painful but we're used to it since pitching in our taxes almost made them enslave us to a point of no return. So much hope here. I know I'm a "free" person but how mess up was it during the pandemic "non essential" workers not only got to enjoy a 3 months vacation (not go to work) but also recieved unemployment more than they earned. I personally know people who got that benefit. And then us "essential" people litterally got screamed at for the entier town being out of toilette paper but were called heros ans verbally thanked but never got any exclusive essential worked reward. Just entitled ahole zombie shoppers.