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131
$GME Closed Friday @ $325. Did The Boys Succeed In Wiping Out Institutional Shorts?
posted 5 years ago by grimoracle 5 years ago by grimoracle +131 / -0

I read that Friday was the deadline to fuck the multitude of institutional investors shorting Gamestop. If so, did we do it? Did we win?!

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▲ 34 ▼
– Lurking_Waiting 34 points 5 years ago +34 / -0

note: not financial advise Friday was not the end. 7 hedge companies came in and bailed them out. They double downed on their bet. That fight will be another 2 weeks. Speculation is Feb 6th-8th we will see. $GME .. we about to see if this is real. Next will be $SLV. If $SLV breaks free, Fiat falls. $PSLV and $SLV I don't know the difference. Someone just put a $49 million support at $24.99 in $SLV at 3:55 on 29Jan21. Meaning this stock will not drop below (excluding manipulation) that till this guy pulls out or banks rally together. This is a war we are watching. Normally takes a week or 2 to pop after that kind of play. Shorts need to expire and cause a vacuum.

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▲ 19 ▼
– DeepDMingDeep 19 points 5 years ago +19 / -0

Plenty of time for all of us to buy some more freedom and flip a few more tables is what Lurking_Waiting is saying.

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– Lurking_Waiting 2 points 5 years ago +2 / -0

watch a 10 minute video understand. These people openly cheat and pay the people that help them. I love silver. It goes down to $22 .. I buy.. up to $25 I sell. But now the spotlight is coming to it. Don't know if it's a false wave or real. Resistance has been $25.50ish. if it pops to $30 it may have some fight. SLV is heavily manipulated. It should be $580 a share. Please understand... The shorts know how to make bag holders.

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– deleted 10 points 5 years ago +10 / -0
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– Lurking_Waiting 10 points 5 years ago +10 / -0

When I went overseas my trading account took a $20k loss. Bad internet and lots of work for a year. Sand Box sucks. Xbox / PS players flooding shit WiFi at night when the stock market opened. So much lag I was missing every flag to buy or sell. Stock Market is the casino of the world. Gamble if you want. Those Billionaires didnt find that money on the side of the road. They find it in other people's pension funds, 401Ks and other 'investments'. Compare people's 401k pre housing crash and now. They just got their money back to that level. We are witnessing the destruction of the FED. It will fight back. Already the media is spinning it "White supremacists" are attacking billionaires. Think of the feelings of these 10 digit bank account people. Don't you want to stop these racisums?? Give the billionaires your money because racisums. Fucking clown world.

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▲ 7 ▼
– zedrexvsyrex 7 points 5 years ago +7 / -0

So they’re extending how long they’re shorting it for, essentially, and in turn paying a whole lot more because of it, right? Because otherwise they’d have gone bankrupt already along with the banks that lent them money. And I correct on this?

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▲ 11 ▼
– Lurking_Waiting 11 points 5 years ago +11 / -0

Yes. They are running out of time. RH policy change was to slow the bleed. Janet Yelling (Sec of Treasury) just got a $800,000 bribe. The swamp is going to use the weight of the government to crush this. Won't be surprised the guy that started this will be given criminal charges. He basically outplayed the billionaires. This is going to be a huge red pill to the normies. I don't know who is going to win. This is huge. Ironman vs Thanos. "All that for a drop of blood"

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▲ 5 ▼
– TitoshandmadePatriot 5 points 5 years ago +5 / -0

I remember when people would get thrown to the curb and publicly shamed for accepting bribes.

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▲ 8 ▼
– Lurking_Waiting 8 points 5 years ago +8 / -0

History written by the winners. Remember the HIV company CEO that went to jail? MSM says because he price gouged the drug. Court docs show it was stock manipulation and screwed over Billionaires. Funny part, he was just a rich kid that turned on the adults. He got jail and had to give some of the money back. They hate losing.

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▲ 6 ▼
– kosher 6 points 5 years ago +6 / -0

Fiat fails when the comex fails, as a physical market can't be papered over. The metal used to secure the SLV and GLD are already leased. It depends on whether those SLV longs had enough, and took contracts at the Comex, but I think this will be more physical buyers who are left out of the physical market in London who take delivery on the comex.

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▲ 2 ▼
– mspm 2 points 5 years ago +2 / -0

Did the same thing happen with AMC and Nokia? I didn't have enough money to jump in on Gamestop, but I did throw $20 at AMC, and I haven't heard anything about them.

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▲ 1 ▼
– Lurking_Waiting 1 point 5 years ago +1 / -0

No clue. The media is focused on GME. In war, a bomb will go off in one place the high value targets attacked in another. Generally a cover for a covert operation. It's just giant carpet bombing going on right now. Some stocks maybe needing more skilled traders to trade in. Risk is yours. GL fren.

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▲ 2 ▼
– mspm 2 points 5 years ago +2 / -0

Thanks, AMC was up by 40% yesterday so I assumed the buybacks must've started. I'm holding for the time being, I heard that it could take about a week for the price to really jump. This is the first time I've ever bought stock lol. I hope everything goes well for us!

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▲ 1 ▼
– KnottyJane 1 point 5 years ago +1 / -0

AMC and NOK are supposed to go up this week but really take off the week after... At least that's what I've been reading. I don't know much. Bought some stock with a little bit of extra cash I had, I like it so I'll keep it.

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▲ 13 ▼
– CovfefeNegro 13 points 5 years ago +13 / -0

https://files.catbox.moe/jdfuxu.jpg

Raise your sights, you do not 'win' this sort of thing in one skirmish.

The tricky parts are still ahead, notice if you will the fact the Enemy uses illegal measures to try and save they corrupt azzes...

There is not 'one' deadline, each contract settles on it's own terms, and even then deals are cut, as we see with the stop trades and such.... to allow the other corrupt Houses to recover.

The hedge guys are being forced right now to burn money on interest and defaults and if we are a nation of laws they will be fined and maybe jailed... but have no Faith in that.

No we have not 'won' but we move the ball well. Next week will see the Deep State suffer IF everyone holds, or if most hold.

https://files.catbox.moe/kmb7cu.png

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▲ 3 ▼
– the_coyote_jr 3 points 5 years ago +3 / -0

I don't know for certain, but my understanding is that a lot of the shorts they purchased are naked shorts, no expiration, just accumulating massive interest. (how is that legal really?) Signs seem to indicate they are doubling down. The sad thing is that the true winner is whoever is accumulating that interest right now. House always wins.

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▲ 1 ▼
– Lurking_Waiting 1 point 5 years ago +1 / -0

Note: actual advice you see $JAGX .. it is absolutely CANCER . Got to stocktwits. Read the comments. They hype it like no tomorrow. That stock represents a company that has moved all valuable assets behind a private stock. It is a empty hole that sucks money in. It is a good example of the absolute worst tricks companies do to manipulate people. They random spam promote their stock on stocks that pop off. Honestly look into the front they do. There are thousands of stocks just like that. Careful

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▲ 8 ▼
– deleted 8 points 5 years ago +8 / -0
▲ 7 ▼
– Lurking_Waiting 7 points 5 years ago +7 / -0

We won before. It's why we are here to fight another day. Faith got us this far.

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– deleted 2 points 5 years ago +2 / -0
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– RamboToaster 1 point 5 years ago +1 / -0

I'm not sure why you are downvoted.

There is a distinction to be made for some people: Do you ACTUALLY believe in God? Not just show up to church each Sunday, but do you ACTUALLY believe?

Jesus's stories demand that we carry our own mattress up to the healing waters.

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▲ 2 ▼
– HighFrequency 2 points 5 years ago +2 / -0

Keep your defeatist sad attitude to yourself. If you can't see that WE HAVE ALEADY WON then you are as blind as all the normy sheep and will have to suffer the stress and anxiety of thinking all is lost simply because you are not paying attention.

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– deleted 6 points 5 years ago +6 / -0
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– ImNewHere 6 points 5 years ago +6 / -0

This is correct. We don’t know for certain when their positions come due. However, next week is expected to be the truly meteoric week for GME. Over the weekend there is expectation that more short positions may be used to push down GME prices in after hours. This would “scare” the little guys to sell, but once the market opens and short positions come due, the WSB guys expect the stock to rise dramatically on M, T, and possibly the rest of the week.

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– deleted 4 points 5 years ago +4 / -0
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– scottyguy401 13 points 5 years ago +13 / -0

I think the brilliance of this move, is basing it around throwing money at the stock as a fuck you to the elites, and not caring about losing all of the money. If it was based around making money, people would be pulling out at the slightest whiff of a bear. The fact that GME didn't come back to earth on thursday, when all you could do was sell, is all you need to know about whether this movement is legit or not IMO.

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▲ 5 ▼
– killerbunny88 5 points 5 years ago +5 / -0

Plus, this has gained so much attention, that I'm sure there are many people that joined in just to screw those guys over. I wanted to before they made it impossible to buy. I've never played the market in my life. But spending $50 bucks to screw over some billionaires sounded like a good use of $50 :)

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▲ 6 ▼
– deleted 6 points 5 years ago +6 / -0
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– killerbunny88 2 points 5 years ago +2 / -0

Oh wow! I didn't realize that. Crazy.

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▲ 4 ▼
– Lurking_Waiting 4 points 5 years ago +4 / -0

This is a money game. The front man put in $750,000 just to start this wave. He has been prepping this for a year. Slowly buying to not spook the shorts. This wasn't organised last week.

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... continue reading thread?
▲ 2 ▼
– deleted 2 points 5 years ago +2 / -0
▲ 2 ▼
– HighFrequency 2 points 5 years ago +2 / -0

I bought in yesterday at ridiculous prices, just as a big F.Y. to the banksters.

Holding tight until I see the flames.

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▲ 4 ▼
– ImNewHere 4 points 5 years ago +4 / -0

I LOVE that everyone is now using HODL the line. Makes me smile every time ?

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– deleted 4 points 5 years ago +4 / -0
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– deleted 4 points 5 years ago +4 / -0
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– ImNewHere 1 point 5 years ago +1 / -0

There are disclosures that are required. However, I don’t think it generally is enough information to know exactly how heavily shorted a stock is and when all the positions come due. There is enough disclosed for these guys to make highly educated estimates, though.

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▲ 5 ▼
– deleted 5 points 5 years ago +5 / -0
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– deleted 1 point 5 years ago +1 / -0
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– HighFrequency 1 point 5 years ago +1 / -0

Bought in yesterday and holding 'til I see flames!

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– deleted 3 points 5 years ago +3 / -0
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– Pilotmtb 1 point 5 years ago +1 / -0

Way under valued

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– deleted 2 points 5 years ago +2 / -0
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– garnrob 2 points 5 years ago +2 / -0

not seeking financial advice, so you are saying that it is not too late to day trade next week? I have a $5000 bonus I had set aside for taxes, a vanguard account with more than the requisite $25k value based on IRA and other personal long term holdings.

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▲ 4 ▼
– deleted 4 points 5 years ago +4 / -0
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– garnrob 1 point 5 years ago +1 / -0

put a little in AMC and a little in PSLV. Come on reddit, do your thing

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– deleted 2 points 5 years ago +2 / -0
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– deleted 2 points 5 years ago +2 / -0
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– FatBrando300 2 points 5 years ago +2 / -0

Don't they have to be in business? Hedge fund goes bankrupt, how can hedges buy anything? There's still a fee involved with borrowing the stock to short, and after this, who is going to give hedge funds anything? I mean, stock owners now know, if not before that the hedge funds are betting against the stock they borrow....

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▲ 1 ▼
– Pilotmtb 1 point 5 years ago +1 / -0

I didn’t think about that. Buy shorts right now at what $300 and you’re most likely going to make money when the fight ends

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