If you haven't been keeping up with r/wallstreetbets and the $GME short squeeze, I've provided a quick rundown below.
Latest news: Sellout OG mods who haven't been active since long ago have now taken over the subreddit r/wallstreetbets in order to monetize the sub's recent meteoric rise in popularity. They are planning to make movie deals with Pedowood.
The actual mods who care about integrity have been ousted and replaced with new mods (likely new accounts or bought accounts). Any posts protesting the new changes are deleted and the users banned immediately. The sub is in absolute shambles.
If you are lurk there, don't trust anything on the sub at this time. Nobody can tell how many bots/shills have infiltrated.
Proof: https://imgur.com/a/6mErVap
On a side note: still holding $GME????
QRD: Shorting a stock means you speculate the stock price will fall so you "borrow" shares of stock on margin to sell at a high price then scoop it up at a lower price. Shorting a stock=sell high, buy low.
Hedgefunds have typically shorted stocks with impunity, often ruining companies for their gain. Enter Gamestock. Just another juicy target to short, or so they thought. What was to be business as usual was met with staunch resistance from a bunch of self-described "retards" and "autists" over on Reddit's r/wallstreetbets. A DD (due diligence/deep dive) into the stock months ago revealed a rather obvious weakness: HFs overly short position was vulnerable to a short squeeze i.e. they borrowed more than the entire volume of stock readily tradeable (high short interest with regard to float) and so they would have to buy the stocks back at whatever the price when it came time to close out their position.
The stock, which should've continued to drop in price, was bought up en masse, the price surged. This is when it exploded across the internets, from the chans /biz/ & /pol/ to the various subreddits and even here to our very own .win communities.
Buoyed by what seemed to be a sure thing made surer as more shares sold, many jumped on board and the price per share rocketed up past $400. The short squeeze AKA the rocket ship almost took off.
And this is when the DS/establishment/globalists struck (redpilling a whole bunch of people in the process).
- They restricted the ability to buy the stock citing "technical difficulties" and "volatility" among other things. They artificially cut off the demand thereby dropping the price.
- During the time of restriction, they were able to trade freely and make all the backroom deals they wanted.
- They started flinging mud with all the weapons in their arsenal: the MSM, shills, bots, ads.
MSM took a break on attacking the "Qanon conspiracy movement" only to try to strangle the grassroots financial movement.
In typical MSM fashion, they've outright lied and otherwise manipulated the public opinion on the possibility of a short squeeze occurring for the meme stock $GME, all for their hedge fund masters. They've also smeared r/WSB, stating that it was a "Russian op" or "illegal market manipulation" and now they are actively attempting to associate "Qanon" with "r/WSB market manipulators." What a load of bull.
The HFs have since sicced their dog Yellen (bought for $800K) on r/WSB to investigate the "illegalities." To give some semblance of "fairness," some members of Congress "spoke out" against the inequality, but the damage has been done. The brazen and OPENLY CORRUPT maneuvers of the DS are definitely waking up the general public to the truth... "all animals are equal and some are more equal than others."
And now, the subreddit that acted as a catalyst for it all is D O N E Z O.
R.I.P. r/WSB
Same, they took new shorts and as long as everyone keeps their wits about them, I believe the squeeze will be squoze... cheers fellow ??, see you on the moon?
Roger that my friend