/r/WallStreetBets raids hedge funds with stock meme? [Archive] - Page 2

Trainwreck2100

01-28-2021, 10:31 PM

still think this is just a big pump and dump scheme for a handful of whales who are going to make a killing while convincing noobs on reddit to ":cry hold the line :cry"

Not just whales i'm sure that different hedge funds are trying to figure out how to short this because when melvin posts that they're call is done, that bubbles gonna burst and they'll be so many people left bag holding. I would like to know how they resolve the issue that they shorted 140% of the stock though.

ElNono

01-28-2021, 10:47 PM

the issue with the clearing houses does appear to be a good faith explanation for why they stopped allowing new positions to be opened on those meme stocks... but im still floored at the forced stock sales that were going around.

evidently, thats pretty common practices if these were margin trades, but at least one report i read said that the forced sales werent limited to margin trades

I don't understand why the clearinghouses would have only misgivings with one side of the trade. So they don't allow these platforms to open new positions, but they do allow them to close them?

How does that work? As far as the clearinghouse is concerned, this is still your average transaction, with one buyer and one seller, and money exchanging hands.

You would think if the concern was volatility in general, then they would just stop the transactions entirely, period. Much like when a stock is temporarily stopped from trading.

ElNono

01-28-2021, 10:50 PM

still think this is just a big pump and dump scheme for a handful of whales who are going to make a killing while convincing noobs on reddit to ":cry hold the line :cry"

I mean, big whales don't need noobs to pull this off. This is far from the first time a large short position is being targeted. It's been done by other hedge funds in the past as well.

It's just more visible because of who's doing the targeting. This is why there's a certain amount of outrage, tbh... like somebody said in a tweet, it's as if the market is mad the wrong people are doing stock manipulation.

spurraider21

01-28-2021, 11:00 PM

I don't understand why the clearinghouses would have only misgivings with one side of the trade. So they don't allow these platforms to open new positions, but they do allow them to close them?

How does that work? As far as the clearinghouse is concerned, this is still your average transaction, with one buyer and one seller, and money exchanging hands.

You would think if the concern was volatility in general, then they would just stop the transactions entirely, period. Much like when a stock is temporarily stopped from trading.
because hundreds of thousands or millions of new robinhood users all trying to buy (when those transactions could take a couple of days to complete) requires them to basically front the purchases. a broker buying a stock for you needs the money to do so (even if you've promised to pay and have a transaction pending), but your broker selling a stock for you doesnt have to front any money for that transaction

what you're saying only might make sense if its the same brokerage handling both the buy and sell side of the given transaction

Will Hunting

01-28-2021, 11:02 PM

What’s the latest...I’ve been busy working with George Soros and his cabal of lizard people on a new Jewish Space Laser.

DarrinS

01-28-2021, 11:11 PM

What’s the latest...I’ve been busy working with George Soros and his cabal of lizard people on a new Jewish Space Laser.

https://media.tenor.co/images/06152902b951416dc03dc07c0f85e7f6/raw

Will Hunting

01-28-2021, 11:13 PM

https://media.tenor.co/images/06152902b951416dc03dc07c0f85e7f6/raw
It’s your party Karrin, not mine :lol

:lmao the GOP wants to cancel Liz Cheney and Mitt Romney but not QAnon Karen.

https://pyxis-nymag-com.cdn.ampproject.org/i/s/pyxis.nymag.com/v1/imgs/938/641/6994bfc520f00e17854db82931c9f03767-mtg-facebook.rvertical.w570.jpg

DarrinS

01-28-2021, 11:16 PM

Didn't read

pgardn

01-28-2021, 11:26 PM

And theres your main stream media

They are now trying to equate wallstreetbets to alt right and will probably call them domestic terrorists

wtf...

I am reading the opposite?

What is mainstream media please? They have people analyzing this in a number of different ways.
You just make a blatant blanket statement because it suits your nutty agenda of rich people eating children and authoritarians loving their people.

Will Hunting

01-28-2021, 11:36 PM

Didn't read
Fair, I’ll summarize: your girl Marjorie Taylor Green (she’s a Republican appointed to multiple committees by party leadership, so don’t try to disown your political affiliation with her) believes the California wildfires in 2018 were started by a Jewish space laser developed by the Rothschilds.

ElNono

01-28-2021, 11:36 PM

because hundreds of thousands or millions of new robinhood users all trying to buy (when those transactions could take a couple of days to complete) requires them to basically front the purchases. a broker buying a stock for you needs the money to do so (even if you've promised to pay and have a transaction pending), but your broker selling a stock for you doesnt have to front any money for that transaction

what you're saying only might make sense if its the same brokerage handling both the buy and sell side of the given transaction

I understand that the broker needs to get to a delta position, but that's not a problem with the clearinghouse then, it's the broker covering it's own ass.

That's why I don't understand why these brokers are blaming the clearinghouse, they can just simply say they don't want to deal the risk.

DarrinS

01-28-2021, 11:39 PM

Fair, I’ll summarize: your girl Marjorie Taylor Green (she’s a Republican appointed to multiple committees by party leadership, so don’t try to disown your political affiliation with her) believes the California wildfires in 2018 were started by a Jewish space laser developed by the Rothschilds.

Well, that's a a retarded theory. Thanks for summarizing.

Will Hunting

01-28-2021, 11:42 PM

Theory might also involve Dianne Feinstein’s husband, I honestly can’t remember.

Tbh if the Capitol rioters managed to take Feinstein out, THAT would have been an insurrection id give Trump a medal for inciting.

MultiTroll

01-29-2021, 12:12 AM

ElNono

01-29-2021, 02:32 AM

Dumb this stock thing down.

Still possible to get 500% + profits? Plug into reddit and get the info right as it comes out?

Or evil politicians (mainly Repug) have come to the rescue of their Hedge Fund owners?

Kinda late now, IMO. If you like to gamble, head to Vegas, at least you can stay in a nice hotel and maybe even get a massage with a happy ending...

spurraider21

01-29-2021, 03:36 AM

Kinda late now, IMO. If you like to gamble, head to Vegas, at least you can stay in a nice hotel and maybe even get a massage with a happy ending...
didnt know your mom still works there tbh

ElNono

01-29-2021, 03:49 AM

didnt know your mom still works there tbh

:lol

Winehole23

01-29-2021, 05:51 AM

1355070119718903809

Winehole23

01-29-2021, 05:57 AM

https://pbs.twimg.com/media/Es42GrQXcAIXSpH?format=jpg&name=small

Winehole23

01-29-2021, 06:20 AM

1355104013197443077

Winehole23

01-29-2021, 06:31 AM

https://pbs.twimg.com/media/Es45kxSXAAE3ywJ?format=jpg&name=900x900

Winehole23

01-29-2021, 07:20 AM

1355001467367813120

InRareForm

01-29-2021, 07:46 AM

Http://www.bloomberg.com/amp/opinion/articles/2021-01-28/knowing-when-to-sell-gamestop-stock-at-the-top-is-impossible

hater

01-29-2021, 08:04 AM

Gamestop > apple :tu

hater

01-29-2021, 08:22 AM

Gamestop stock expected to go up 80% at friday opening :lmao

hater

01-29-2021, 08:39 AM

https://twitter.com/AFP/status/1355121261039464451?s=19

Damn shits spreading all over the world

hater

01-29-2021, 08:41 AM

https://pluralistic.net/2021/01/28/payment-for-order-flow/#wallstreetbets

RobinHood is free because they are just like facefuck, twatter etc

They sell your activity and info to the highest bidder. In this case, the big Wall Street companies

InRareForm

01-29-2021, 09:33 AM

Sold gme , holding on to amc and express

boutons_deux

01-29-2021, 09:36 AM

San Antonio 10-year-old cashes in on GameStop stocks he was gifted 2 years ago

https://www.mysanantonio.com/news/local/article/San-Antonio-10-year-old-cashes-in-on-GameStop-15905836.php

hater

01-29-2021, 09:38 AM

Dammit and I cannot trade freely due to my employment :pctoss

Buy buy buy buy. This shit is going to the moon today. Buy!

Winehole23

01-29-2021, 10:10 AM

Raising margin requirements increases how much money an investor using leverage and derivatives must have in their brokerage account after a stock purchase. TD Ameritrade and Charles Schwab raised margin requirements on Wednesday.https://www.cnbc.com/2021/01/28/robinhood-will-allow-limited-buying-of-restricted-securities-friday-gamestop-jumps-after-hours.html

Winehole23

01-29-2021, 10:22 AM

RH forgot to mention Citadel is daddy warbucks

To be clear, this was a risk-management decision, and was not made on the direction of the market makers we route to. We’re beginning to open up trading for some of these securities in a responsible manner.

We stand in support of our customers and the freedom of retail investors to shape their own financial future. Democratizing finance has been our guiding star since our earliest days. We will continue to build products that give more people—not fewer—access to our financial system. We’ll keep monitoring market conditions as we look to restore full trading for these securities. We will update this Help Center article with the latest changes.

We are deeply grateful to our customers.

Winehole23

01-29-2021, 10:26 AM

https://pbs.twimg.com/card_img/1355126898557411331/_Onx-Tyt?format=png&name=small

hater

01-29-2021, 10:30 AM

"In this case, with GameStop, Melvin Capital had fraudulently shortened more of GameStop’s stock than exists – an illegal practice called ‘naked short selling.’ They didn’t count on getting caught. WallStreetBets spotted the fraud and pounced.”

What’s different this time around is the fact that these investors are working in tandem, using social media platforms, and particularly Reddit, to squeeze out the short sellers on Wall Street.

“All markets and all social media are based on the flow of information. All media, and all social media, influences prices on various markets, and market prices in turn influence all media outlets. The ecosystem of information and prices is at the heart of all market-based economies,” Keiser said, underlining that "these markets work best with full transparency and no censorship.”

Play stupid games. Win stupid prizes

Thanos

01-29-2021, 10:30 AM

Apparently CNBC just doxxed DeepFuckingValue

EDIT: Never mind, he’s not exactly doxxed when he did a WSJ profile today. The reddit crowd didn’t see this apparently.

https://www.wsj.com/articles/keith-gill-drove-the-gamestop-reddit-mania-he-talked-to-the-journal-11611931696?redirect=amp#click=https://t.co/pBteACUiSZ

Winehole23

01-29-2021, 10:33 AM

Professional Money is on both sides of the trade. (https://themargins.substack.com/p/game-stop)

Adam Lambert

01-29-2021, 10:35 AM

Buy buy buy buy. This shit is going to the moon today. Buy!

All this "to the moon" stuff is why I don't trust any of the ringleaders pushing this.

If you're buying GME and AMC right now, you're not going to get rich. You're part of a small army fucking over hedge funds. You might get lucky and buy on the dip and then make 60% the next morning if you sell immediately.

But other very rich people stand to benefit from you holding and buying. They're the ones trying to convince you that this is some kind of easy jackpot.

Follow the lying.

hater

01-29-2021, 10:37 AM

All this "to the moon" stuff is why I don't trust any of the ringleaders pushing this.

If you're buying GME and AMC right now, you're not going to get rich. You're part of a small army fucking over hedge funds.

But other very rich people stand to benefit from you holding and buying. They're the ones trying to convince you that this is some kind of easy jackpot.

Follow the lying.

Its not about trusting anyone. The hype is real today. Its going up. But yes at some point ppl will sell and it will crash. Still. A no brainer to buy today and watch it closely. Since everyone will be doing that today. Its going astronomical imo

spurraider21

01-29-2021, 10:38 AM

It’s not like there arent other massive hedge funds who are profiting from this short squeeze either :lol

this isn’t just “the Everyman vs the billionaires”

Thanos

01-29-2021, 10:41 AM

It’s not like there arent other massive hedge funds who are profiting from this short squeeze either :lol

this isn’t just “the Everyman vs the billionaires”
It’s exactly why guys like Elon Musk and Mark Cuban brought attention to it. They didn’t give a shit about the little guys, they wanted to exploit the situation.

Trainwreck2100

01-29-2021, 10:43 AM

It’s not like there arent other massive hedge funds who are profiting from this short squeeze either :lol

this isn’t just “the Everyman vs the billionaires”

blackrock already up 2.5 billion on this shit

hater

01-29-2021, 10:44 AM

It’s not like there arent other massive hedge funds who are profiting from this short squeeze either :lol

this isn’t just “the Everyman vs the billionaires”

Yup. Robinhood, etc are tools Big Banks use to make $ off ppl. By knowing whats trending. Their own algorithms Im sure contribute to Gamestop rise as they automatically buy when something is trending.

They are probably doing lots of adjustments to their algorithms right now. But in the end yes they will make $ off this

Thanos

01-29-2021, 10:45 AM

Best is the Winklevoss twins pushing the “HOLD THE LINE, TO THE MOON!” rhetoric hard while claiming they “have no money in this” :lmao

Trainwreck2100

01-29-2021, 10:51 AM

whoever actually times their short right is going to make a fucking killing

Adam Lambert

01-29-2021, 11:44 AM

Still. A no brainer to buy today and watch it closely.

:lol No, it's not a no brainer.

A no-brainer is buy Amazon stock and hold it until you retire.

The precedent for GME the past 3 days is a high open trailing off most of the day, with some big dips and spikes but rarely if ever meeting the open price. The overall trend is downward. If you bought $10,000 of GME stock at the dip three days ago, you'd have an extra $3K right now. Is that worth it?

hater

01-29-2021, 11:48 AM

Adam Lambert

01-29-2021, 11:52 AM

Of course its worth it :lmao

If you need $3K that bad you shouldn't be risking $10K on a volatile stock where you're just as likely to lose $3K.

spurraider21

01-29-2021, 11:55 AM

Question: Is it worth it to bet a dollar to win 30 cents?

Hater: obviously if you win 30 cents its worth it lmao

hater

01-29-2021, 12:20 PM

Question: Is it worth it to bet a dollar to win 30 cents?

Hater: obviously if you win 30 cents its worth it lmao

Agreed :tu

RedStripe

01-29-2021, 12:42 PM

:lol No, it's not a no brainer.

A no-brainer is buy Amazon stock and hold it until you retire.

The precedent for GME the past 3 days is a high open trailing off most of the day, with some big dips and spikes but rarely if ever meeting the open price. The overall trend is downward. If you bought $10,000 of GME stock at the dip three days ago, you'd have an extra $3K right now. Is that worth it?

dis mon be a know nothing bald head :lol

da short % is still over 100%...if I and I pon $10,000 down at opening and wait for da squeeze Jah will bless da rastafari with far more than $3k.

it's time to take down da shitstem and all become Neguse Negest!

RedStripe

01-29-2021, 12:45 PM

dis mon be a know nothing bald head :lol

da short % is still over 100%...if I and I pon $10,000 down at opening and wait for da squeeze Jah will bless da rastafari with far more than $3k.

it's time to take down da shitstem and all become Neguse Negest!

Here ya go ya bumbclot

https://financhill.com/most-heavily-shorted-stocks-today

RedStripe

01-29-2021, 12:54 PM

The astronomical rally in GameStop has imposed huge losses of nearly $20 billion for short sellers this month, but they are not budging.

Short-selling hedge funds have suffered a mark-to-market loss of $19.75 billion year to date in the brick-and-mortar video game retailer, including a nearly $8 billion loss on Friday as the stock kept ripping higher, according to data from S3 Partners.

Still, short sellers mostly are holding onto their bearish positions or they are being replaced by new hedge funds willing to bet against the stock. GameStop shares that have been borrowed and sold short have declined by just about 5 million over the last week, marking an 8% dip in the short interest, according to S3. Most of the short covering occurred on Thursday, when the stock fell for the first time in six days.

“I keep hearing that ‘most of the GME shorts have covered’ — totally untrue,” said Ihor Dusaniwsky, S3 managing director of predictive analytics. “In actuality the data shows that total net shares shorted hasn’t moved all that much.”

“While the ‘value shorts’ that were in GME earlier have been squeezed, most of the borrowed shares that were returned on the back of the buy to covers were shorted by new momentum shorts in the name,” Dusaniwsky added in an email.

Shares of GameStop, along with other heavily shorted stocks, spiked once again Friday, after Robinhood said it was resuming limited trading of previously restricted securities. The gain pushed GameStop’s rally this week to over 400% and this month to more than 1,600%.

boutons_deux

01-29-2021, 01:06 PM

Tesla short-sellers lost $38 billion throughout the automaker's colossal 2020 rally

https://markets.businessinsider.com/news/stocks/tesla-stock-short-sellers-lost-billions-rally-elon-musk-tsla-2021-1-1029928298

daslicer

01-29-2021, 02:04 PM

So has anybody in here gotten rich off of GME?

Adam Lambert

01-29-2021, 02:18 PM

So has anybody in here gotten rich off of GME?

Only people who owned a lot of GME before this week.

daslicer

01-29-2021, 02:27 PM

Only people who owned a lot of GME before this week.

That's what I figured.

boutons_deux

01-29-2021, 02:41 PM

So has anybody in here gotten rich off of GME?

quite few of BigFinance had GME stock, including Norway's sovereign fund

They've made $Bs

koriwhat

01-29-2021, 02:50 PM

So has anybody in here gotten rich off of GME?

Couldn't buy any... $AMC & $NOK for now.

SnakeBoy

01-29-2021, 03:25 PM

https://isthesqueezesquoze.com/

GME shorts have not begun to close their positions in substantial numbers.
the situation (1/29 10 AM ET):

short interest: 75.54% of float by Ortex, 113.31% of float by S3 Shortsight
short share public availability: 0
Shorts are exiting their positions, but an amount of shares equal or almost equal to float is still shorted.
robinhood and other brokerages didn't have the capital to place buy orders at times yesterday. Robinhood is apparently going so far as to liquidate GME shares in accounts that are not using margin trading(!) If you're still on robinhood, you should find a new broker ASAP. Retail brokers who didn't blow up completely yesterday include:
vanguard
td ameritrade
fidelity

SnakeBoy

01-29-2021, 03:53 PM

1355195945005113350

SnakeBoy

01-29-2021, 03:57 PM

https://i.redd.it/w2n6tr2g5be61.jpg

SpursforSix

01-29-2021, 04:03 PM

https://isthesqueezesquoze.com/

Robinhood is apparently going so far as to liquidate GME shares in accounts that are not using margin trading(!)

wtf

SnakeBoy

01-29-2021, 04:19 PM

wtf

I heard Robinhood gets a lot of revenue from this fucked over hedge fund. They are selling retail investors shares to make shares available for the hedge fund to cover.

RedStripe

01-29-2021, 04:19 PM

wtf

incorrect mon. Shares bought fin margin got da sell. I and I still cry out bumbaclot on dat wicked fella Robinhood me no truss dem bag o wire.

Darth_Pelican

01-29-2021, 05:09 PM

Wal Mart: 140.49
Best Buy: 108.82

GameStop: 325.00

lol

boutons_deux

01-29-2021, 05:14 PM

boutons_deux

01-29-2021, 05:37 PM

Google zeroed 100K negative reviews of Gamestop app

SnakeBoy

01-29-2021, 05:42 PM

https://scontent-dfw5-1.xx.fbcdn.net/v/t1.0-9/144698749_2872016993121607_3261406685770256923_n.j pg?_nc_cat=110&ccb=2&_nc_sid=825194&_nc_ohc=MwbP2joD968AX-AkLVZ&_nc_ht=scontent-dfw5-1.xx&oh=e5d813d219c1bdf1284239b789e56563&oe=603A59C4

That's an interesting question. I'm not sure how much money I'd be willing to give up to see POTATOE_IN_MY_ASS beat a bunch of wall street assholes but I can say for sure the amount is not zero. For now I am definitely laughing tho.

boutons_deux

01-29-2021, 05:47 PM

https://media.newyorker.com/cartoons/60142b0875bd27d07e292f6f/master/w_2560%2Cc_limit/A25100.jpg

“Look, I’m going to have to ask for the money back—the rich are really getting pissed off.”

spurraider21

01-29-2021, 06:11 PM

i havent seen anything other than the one tweet yesterday corroborating that any of the robin hood "forced sales" were anything but margin trades, where automatic sells are normal.

the clearing houses not having the capital to make the extreme number of transactions on stock so volatile also seems reasonable

harder to see real foul play the longer you take a look at what happened, imho. im still not buying the "everyman vs billionaires" narrative. most of the reddit army is going to get fucked and lose a lot of money in this

hater

01-29-2021, 06:16 PM

RIP RobinPoop :lmao

These morons are restricting trading on at least 50 stocks not to mention Cryptos :lmao :lol :lol

Never seen a company suicide in such anblatant way. I am guessing the Wall Street companies involved were going to be obliterated.

So they decided to burn it all down :lol

:lol USA

:lmao government not doing shit about this insanity :lol

hater

01-29-2021, 06:18 PM

:lmao

https://twitter.com/fredwalton216/status/1355294209058729985?s=19

Wall Street scared they were gonna get cleaned out. Wow

hater

01-29-2021, 06:20 PM

https://twitter.com/EliBurton_/status/1355264286466035712?s=19

hater

01-29-2021, 06:20 PM

https://twitter.com/alexcutler247/status/1355247070739918855?s=19

apalisoc_9

01-29-2021, 06:30 PM

Jews really get away with murder. Biggest money criminals

hater

01-29-2021, 06:35 PM

Jews really get away with murder. Biggest money criminals

To be fair Im sure RobinHood had a consent that users agreed to saying they could basically do whatever they want with your money with no repercussions. Im sure they also had a clause that said you cannot sue them.

But still RIP that company

apalisoc_9

01-29-2021, 06:42 PM

To be fair Im sure RobinHood had a consent that users agreed to saying they could basically do whatever they want with your money with no repercussions. Im sure they also had a clause that said you cannot sue them.

But still RIP that company

:lol

How’s life scrah.

I’m impressed you’re trolling game is still top tier.

hater

01-29-2021, 06:49 PM

:lol

How’s life scrah.

I’m impressed you’re trolling game is still top tier.

Ma negro

CosmicCowboy

01-29-2021, 07:12 PM

hater

01-29-2021, 07:21 PM

Its actually a little scary. I have always tried to be a value investor and look for trends and undervalued stocks with potential. I dont play options and shorts. Gamestop is a total shit stock that has the markets all out of whack now.

Gamestop had just got a new CEO, thebguy from Chewy I think. He had written some kind of letter to stockholders with positive thoughts. Something about ecommerce.

So its not like it was a completely dead company. Hedgers tried to kill it and might even had done some illegal shit by borrowing more shares than existed so they can kill it good.

Meanwhile reddit sincerely hyped it and then somehow they found out the hedgers were trying to kill it dead (or maybe they smelled shady shit) and shit got real, redditbwent all in.

This screwed the shorters cause their losses were exponential. Basically armaggedon. So they decided to let it all burn

Crazy shit

hater

01-29-2021, 07:44 PM

:lmao shits getting real

https://twitter.com/openupyoureyes8/status/1355222189428105216?s=19

baseline bum

01-29-2021, 07:47 PM

Its actually a little scary. I have always tried to be a value investor and look for trends and undervalued stocks with potential. I dont play options and shorts. Gamestop is a total shit stock that has the markets all out of whack now.

Markets have been all out of whack ever since the pandemic started. It'll be funny if some retards from reddit end up popping the bubble.

DarrinS

01-29-2021, 07:51 PM

DarrinS

01-29-2021, 07:53 PM

Markets have been all out of whack ever since the pandemic started. It'll be funny if some retards from reddit end up popping the bubble.

Pop away. My retirement account wouldn't touch that trash stock.

Trainwreck2100

01-30-2021, 12:07 AM

Its actually a little scary. I have always tried to be a value investor and look for trends and undervalued stocks with potential. I dont play options and shorts. Gamestop is a total shit stock that has the markets all out of whack now.

yes it's a shit stock but when someone bets 140% of the stock, that the stock will fail, then it's just a matter of making a stock not fail to make that paper

Spurtacular

01-30-2021, 03:59 AM

https://media.gab.com/system/media_attachments/files/063/757/189/original/3e1da43e805f0c75.jpeg

Spurtacular

01-30-2021, 04:36 AM

https://media.gab.com/system/media_attachments/files/063/673/107/original/1bf6acb5a27bfba0.png

Winehole23

01-30-2021, 07:52 AM

Markets have been all out of whack ever since the pandemic started. It'll be funny if some retards from reddit end up popping the bubble.There has definitely been some clenching in high places.

Markets have been put of whack ever since the 2009 financial sector bailout plus eleven years of QE and financial repression (artificially low interest rates.)

Winehole23

01-30-2021, 08:11 AM

2020 was like 2009 on steroids. massively front-loaded direct relief.

hater

01-30-2021, 08:17 AM

There has definitely been some clenching in high places.

Markets have been put of whack ever since the 2009 financial sector bailout plus eleven years of QE and financial repression (artificially low interest rates.)

The big banks died in 2008. Weve had zombie banks since then.

hater

01-30-2021, 09:26 AM

The top securities regulator in Massachusetts said the New York Stock Exchange should halt trading in GameStop stock for 30 days so it can “cool down.” Retail traders—often using options--have helped propel the stock more than 1,000% this year. On Wednesday alone, shares were up more than 100%.

“I really think at this point it calls upon the regulators, in this case, the New York Stock Exchange, to consider simply suspending it for a month and stop trading it,” William Galvin, the Secretary of the Commonwealth of Massachusetts, told Barron’s. “These small and unsophisticated investors are probably going to get hurt by this.”

"Small and unsophisticated" :lmao

:lmao these sold out FCC type orgs are bpught and paid by wall street. And are blatantly biased and corrupt at this point.

Is fucking old mummy Joe gonna do something about this? Is he 3ven gonna listen to Bernie and Pocahontas?????

Wake up piece of shit old dirtbag joe.

SnakeBoy

01-30-2021, 01:30 PM

SnakeBoy

01-30-2021, 01:46 PM

Pop away. My retirement account wouldn't touch that trash stock.

If the bubble really gets popped your retirement account will take a hit too.

Spurtacular

01-30-2021, 05:18 PM

https://media.gab.com/system/media_attachments/files/063/846/277/original/080db4af979be63a.png

ElNono

01-30-2021, 05:59 PM

^ the right can't meme, tbh

boutons_deux

01-30-2021, 06:24 PM

BlackBerry Execs Cashed Out When Reddit Sent Their Stock Skyrocketing

CFO Steve Rai liquidated his entire position of 33,000 shares in the company for $428,731 on Jan. 21, about double what it was worth at the beginning of the year.

He might be kicking himself though, because days later the stock spiked even further.

Mark Wilson, BlackBerry’s chief marketing officer, cashed out 78,500 shares for $991,445, or about $12.63 a share.

Division leader Billy Ho sold some $259,000 in shares.

https://gizmodo.com/blackberry-execs-cashed-out-when-reddit-sent-their-stoc-1846162797 (https://gizmodo.com/blackberry-execs-cashed-out-when-reddit-sent-their-stoc-1846162797?utm_source=gizmodo_newsletter&utm_medium=email&utm_campaign=2021-01-30)

Spurtacular

01-30-2021, 08:41 PM

https://media.gab.com/system/media_attachments/files/063/814/701/original/e2a948717f176853.png

Spurtacular

01-30-2021, 08:42 PM

^ the right can't meme, tbh

Sad attempt to turn tables. You've really went down in the rankings.

ChumpDumper

01-30-2021, 09:06 PM

https://media.gab.com/system/media_attachments/files/063/814/701/original/e2a948717f176853.png

:lol cry more

ElNono

01-30-2021, 09:35 PM

Sad attempt to turn tables. You've really went down in the rankings.

Ghoteem

ChumpDumper

01-30-2021, 09:37 PM

:lmao derp keeps ranking of his enemies

ElNono

01-30-2021, 09:39 PM

Reminds me of every canservatard boycott, tbh...

Spurtacular

01-31-2021, 01:11 AM

https://media.gab.com/system/media_attachments/files/063/866/242/original/23273cd141e4a153.jpg

Spurtacular

01-31-2021, 03:21 AM

https://media.gab.com/system/media_attachments/files/063/895/050/original/fef3bb4ce823f235.jpg

ElNono

01-31-2021, 03:32 AM

^ Autism is you super power, derp? That explains some things

TimDunkem

01-31-2021, 10:11 AM

^Paid government shill.

baseline bum

01-31-2021, 01:08 PM

Hey ElNono...

Why do you only do this to my threads?
https://www.spurstalk.com/forums/showthread.php?t=289122&page=3

Only a mental pervert would try to bury this post.
https://www.spurstalk.com/forums/showthread.php?t=289122&page=2&p=10421321&viewfull=1#post10421321

You're a paid corporate shill spreading disinformation, I'm glad we have great men like Nono to counteract your shit.

Ef-man

01-31-2021, 02:47 PM

If you consider this to be disinformation you're a mental pervert.
https://www.spurstalk.com/forums/showthread.php?t=289122&page=2&p=10421321&viewfull=1#post10421321

How much are you being paid as a government shill to spam the board?

InRareForm

01-31-2021, 03:03 PM

Yep. Its like buying blockbuster video circa 2009

You can still buy blockbuster stock and its trending up. Bliaq is the ticker

SnakeBoy

01-31-2021, 03:18 PM

I haven't heard anything about gamestop taking advantage of this situation to strengthen their books. AMC seems to be all over it...

AMC said on Monday it had raised $917 million since mid-December through equity and debt issues. “This means that any talk of an imminent bankruptcy for AMC is completely off the table,” Chief Executive Adam Aron said in a statement accompanying disclosure of the additional funds.

On Wednesday, AMC said it raised an additional $304.8 million by selling shares this week, cashing in on an unprecedented social media-driven rally powered by amateur traders taking on hedge funds that had shorted its shares.

On Thursday, it said Silver Lake and other creditors decided to convert debt holdings to equity in a transaction expected to reduce AMC’s obligations by $600 million.

AMC is considering attempting to raise even more money to capitalize further on the frenzy in its shares, the sources said. While its shares dropped about 57% on Thursday, erasing most of the week’s gains, they are still up more than 300% since the beginning of January.

AMC said on Monday its “financial runway has been extended deep into 2021.” Still, it could use proceeds from a new capital raise to further trim its $5.5 billion debt pile as of the end of September, according to the sources.

Trainwreck2100

01-31-2021, 03:45 PM

boutons_deux

01-31-2021, 04:11 PM

hater

01-31-2021, 04:14 PM

If anybody is actually still browsing there looks to be an insane amount of astroturfing now, site got too big for it's own good. There appears to be a coordinated attempt to pump and dump silver and alot of people are cashing out and donating their profits, but this shit only works if they hold.

They will probably allow the hedge funds to avoid paying for their borrowed stocks until ppl get tired and sell. Its fucking obvious.

The only chance the common folk have is to leave their money and just forget about it. Permanently. Then hedge funds are fucked for a while, until they find a loophole or bailout.

Its a lose lose situation for common folk tbqh. The onlh question is how long this lasts.

SnakeBoy

01-31-2021, 04:45 PM

Permanently. Then hedge funds are fucked for a while, until they find a loophole or bailout.

GME could issue a bunch of new common stock. Raise money for themselves and give the shorts a chance to exit.

Trainwreck2100

01-31-2021, 04:53 PM

GME could issue a bunch of new common stock. Raise money for themselves and give the shorts a chance to exit.

Thatll be the end for them though, once theyre out the stock will obviously crater and theyll be the bad guys for bailing out the hedge funds. Amc got away with it because they did it early

Trainwreck2100

01-31-2021, 04:54 PM

People bitch about RH blocking purchases, their fine print says they can block anybody, anytime, for any reason.

And RH is a actually front for BigFinance, not anyway anything do with the lore of Sherwood forest.

Yeah but they didnt block the people those people could still sell

ChumpDumper

01-31-2021, 05:11 PM

I haven't heard anything about gamestop taking advantage of this situation to strengthen their books. AMC seems to be all over it...AMC has a potential future. Gamestop does not.

baseline bum

01-31-2021, 05:13 PM

If you consider this to be disinformation you're a mental pervert.
https://www.spurstalk.com/forums/showthread.php?t=289122&page=2&p=10421321&viewfull=1#post10421321

Go peddle your disinfo elsewhere where you haven't been outed as a paid corporate shill.

SnakeBoy

01-31-2021, 05:26 PM

Thatll be the end for them though, once theyre out the stock will obviously crater and theyll be the bad guys for bailing out the hedge funds. Amc got away with it because they did it early

Their stock is going to crater eventually anyways. A quick look and it seems they have around $2B in debt. So they could issue 15M shares at $250, wipe out all their debt and have 1.7B left to retool their business model going forward and buyback shares when it tanks. Even then the extra 15M shares isn't enough to get the shorts out of the hole if the reddit boys keep buying and holding.

SnakeBoy

01-31-2021, 05:28 PM

AMC has a potential future. Gamestop does not.

Gamestop has some years left as is. Nothing stopping them from taking the company in a different direction except money and deciding what direction to go.

hater

01-31-2021, 05:29 PM

Wall street lost 70 billion last week on their stupidity.

:lmao rich morons

baseline bum

01-31-2021, 05:33 PM

Gamestop has some years left as is. Nothing stopping them from taking the company in a different direction except money and deciding what direction to go.

What direction do they have to go when used games are gone?

InRareForm

01-31-2021, 05:34 PM

People bitch about RH blocking purchases, their fine print says they can block anybody, anytime, for any reason.

And RH is a actually front for BigFinance, not anyway anything do with the lore of Sherwood forest.

If your business model is investing for everyone they should have seen this coming

hater

01-31-2021, 05:42 PM

If your business model is investing for everyone they should have seen this coming

Just like facebook users can see their info being sold. Or basically any "free" website using you as their product.

SnakeBoy

01-31-2021, 05:43 PM

What direction do they have to go when used games are gone?

Well that's what they have to figure out. Getting rid of their debt and having cash would help.

InRareForm

01-31-2021, 05:50 PM

Just like facebook users can see their info being sold. Or basically any "free" website using you as their product.

Agreed

koriwhat

01-31-2021, 09:11 PM

Wall street lost 70 billion last week on their stupidity.

:lmao rich morons

I hope they lose more than money. How tall is the highest skyscraper in the USA?

koriwhat

01-31-2021, 09:13 PM

People bitch about RH blocking purchases, their fine print says they can block anybody, anytime, for any reason.

And RH is a actually front for BigFinance, not anyway anything do with the lore of Sherwood forest.

Same sad pathetic mentality like those who say, "but they're a private company and can do as they please..."

Pa-f'n-thetic!

pgardn

01-31-2021, 09:19 PM

Same sad pathetic mentality like those who say, "but they're a private company and can do as they please..."

Pa-f'n-thetic!

You know you are sounding like a Socialist.
And S ryhmes with C and C leads to Communism.

If you believe in restraints on capitalism and private sector rights just say so

koriwhat

01-31-2021, 09:33 PM

You know you are sounding like a Socialist.
And S ryhmes with C and C leads to Communism.

If you believe in restraints on capitalism and private sector rights just say so

Keep standing behind the authoritarians but one day you'll be standing in line against a wall. Good luck to you bro!

pgardn

01-31-2021, 09:41 PM

Keep standing behind the authoritarians but one day you'll be standing in line against a wall. Good luck to you bro!

The authoritarian was Trump. So you go with that.

Im saying if you dont like it, make the call on CAPITALISM run amok because thats what it is! Playing by rich guy rules.
And then you too can be called a SOCIALIST (naughty word) and then you can get rid of authoritarians in finance replacing them with authoritarian governments like Putin runs. YOU think this kind of thing happens in Russia? or China?

Next time you spout off about socialism you might want to think about what you basically wrote on this subject.

MultiTroll

01-31-2021, 11:39 PM

Which brokerages can be used safely to trade the reddit picks?

SnakeBoy

02-01-2021, 12:05 AM

https://isthesqueezesquoze.com/

Public Service Announcement

This is not a game. The people who originated this meme like to have fun with stupid stock bets, we like to pretend we're monkeys throwing darts, but though we enjoy talking like idiots, we actually do know the difference between delta and theta. We understand what role a clearinghouse performs. We were playing GME weeks ago, at $10-$50, as it became clear that DFV was actually right. We put in money we could afford to lose, because we knew we were speculating on a potential short squeeze.

If these statements don't describe you - if you don't know options greeks, if you don't understand how the market works, and especially if you are gambling with money that would cause you problems if you didn't have it anymore - then pull your head out of your ass, return to the real world with your real obligations and expenses, and don't increase your exposure any more. There's an emotional high in gambling, especially when you're doing it with lots of other euphoric people. Don't let it screw up your life.

This is not an epic crusade to get retribution on the financial sector for its reckless greed and the damage it's done to people's lives. It's just a stock play, undertaken to make money off of some hedge funds who got caught in an overexposed position. The financial industry as a whole does not care. This is just a blip on its radar.

Anyway, here's the update.
the situation (1/31 8 PM ET):

short interest:

30m (58% of float) by S3 Shortsight preliminary weekend data (1/31), 57.83m (113.31% of float) by S3 Shortsight (1/29), 38.6m (65.64% of float) by Ortex (1/28)
short share public availability:

0 (Interactive Brokers)
short share public borrow rate:

18.88 (Interactive Brokers)
Shorts appear to be exiting their positions. There's a lot of speculation about how this is happening, or whether it is truly happening at all - there are tactics that can be used to "counterfeit" stock or manipulate disclosed short short interest - but the short interest numbers we've been following all along are definitely trending down.
how often is this site updated? As often as the data is updated. Typically this is daily, before market open.

baseline bum

02-01-2021, 10:32 AM

Gamestonk tanking hard the last 5 minutes

ChumpDumper

02-01-2021, 10:34 AM

Well that's what they have to figure out. Getting rid of their debt and having cash would help.So currently no potential future.:tu

baseline bum

02-01-2021, 10:42 AM

So currently no potential future.:tu

That company has failed so hard every time they have tried to move away from used games. Lost of a ton of money trying to sell cellphones, then they tried to be a game rental service and that lasted for all of about a week.

Darth_Pelican

02-01-2021, 10:44 AM

looks like Silver might be the next target

Trainwreck2100

02-01-2021, 10:47 AM

If anybody is actually still browsing there looks to be an insane amount of astroturfing now, site got too big for it's own good. There appears to be a coordinated attempt to pump and dump silver and alot of people are cashing out and donating their profits, but this shit only works if they hold.

looks like Silver might be the next target

It's fucking bullshit this is coordinated market manipulation by citidel to get their money back, probably trying to go after people with FOMO from the gamestop squeeze

Winehole23

02-01-2021, 12:43 PM

1356294441040891906

spurraider21

02-01-2021, 12:47 PM

It's fucking bullshit this is coordinated market manipulation by citidel to get their money back, probably trying to go after people with FOMO from the gamestop squeeze
there were brokerages besides robinhood doing the same thing. the citadel conspiracy theory doesnt hold up imo

MultiTroll

02-01-2021, 12:57 PM

Porkchops, which brokerages will buy the reddit stocks uninhibited?

spurraider21

02-01-2021, 01:38 PM

pretty sure the big fish like vanguard and fidelity didnt have any restrictions at any point

SnakeBoy

02-01-2021, 01:51 PM

pretty sure the big fish like vanguard and fidelity didnt have any restrictions at any point

https://isthesqueezesquoze.com/

GME shorts have not begun to close their positions in substantial numbers.
the situation (1/29 10 AM ET):

short interest: 75.54% of float by Ortex, 113.31% of float by S3 Shortsight
short share public availability: 0
Shorts are exiting their positions, but an amount of shares equal or almost equal to float is still shorted.
robinhood and other brokerages didn't have the capital to place buy orders at times yesterday. Robinhood is apparently going so far as to liquidate GME shares in accounts that are not using margin trading(!) If you're still on robinhood, you should find a new broker ASAP. Retail brokers who didn't blow up completely yesterday include:
vanguard
td ameritrade
fidelity

I use etrade, they restricted trading last thursday afternoon when everyone was freaking out but opened up trading on Friday. No restrictions today that I can tell.

baseline bum

02-01-2021, 02:23 PM

LOL this post when they're talking about high frequency traders manipulating the price down

Ironically it's making it so poor people like me can buy shares, I now have 5 GME, ��

Not financial advice just a retard who wants a rocket

:lol

Adam Lambert

02-01-2021, 02:53 PM

Still. A no brainer to buy today and watch it closely. Since everyone will be doing that today. Its going astronomical imo

FYI if you took this "no-brainer" advice on Friday you're down about 30%. :lol

hater

02-01-2021, 02:54 PM

FYI if you took this "no-brainer" advice on Friday you're down about 30%. :lol

"And Watch it closely"

Had you watched closely as I recommended you wouldnt have lost 30% nancy :lol

Follow all the steps in the recommendation next time :tu

Adam Lambert

02-01-2021, 02:57 PM

"And Watch it closely"

Had you watched closely as I recommended you wouldnt have lost 30% nancy :lol

Follow all the steps in the recommendation next time :tu

All I've done is watch.

"Watch it closely in case it drops 30%" doesn't exactly jive with "no brainer to buy now" and "astronomical." :lol

Any stocks that you'd recommend against so I can put in a big investment?

hater

02-01-2021, 03:11 PM

All I've done is watch.

"Watch it closely in case it drops 30%" doesn't exactly jive with "no brainer to buy now" and "astronomical." :lol

Any stocks that you'd recommend against so I can put in a big investment?

It was a nobrainer to buy friday and watch it closely nancy.

No amount of bitching in this thread will change that fact.

Adam Lambert

02-01-2021, 03:44 PM

It was a nobrainer to buy friday and watch it closely nancy.

No amount of bitching in this thread will change that fact.

"No brainer" implies a positive outcome. Nothing is a "no brainer" if you're giving it just as much chance of failing.

"It's a no-brainer for the Spurs to sign and start Matt Bonner at center in 2021 but watch him closely in case he sucks." :lmao

Adam Lambert

02-01-2021, 03:48 PM

It's simple. If you're buying GME, you're buying it to flip off the hedge funds who accumulate crazy amounts of money for very rich people off of using Wall Street (and all of our 401K's) as their own personal casino where they can't lose. And more power to you.

If you're buying GME to get rich, you're an idiot. If you're telling people to buy GME to get rich, you're a liar and you're just as bad as those hedge fund snakes.

hater

02-01-2021, 03:50 PM

"No brainer" implies a positive outcome. Nothing is a "no brainer" if you're giving it just as much chance of failing.

"It's a no-brainer for the Spurs to sign and start Matt Bonner at center in 2021 but watch him closely in case he sucks." :lmao

Given Matt Bonners astronomical shooting..yes Nancy, it was a no brainer to sing him up and watch him closely :lmao

Spurtacular

02-01-2021, 03:52 PM

Adam Lambert

02-01-2021, 03:55 PM

Given Matt Bonners astronomical shooting..yes Nancy, it was a no brainer to sing him up and watch him closely :lmao

In 2021?

Read the whole post next time. :tu

Adam Lambert

02-01-2021, 03:56 PM

LOL No.

Big difference between giving advice and rigging a system.

What the fuck are you even talking about?

Do you ever read your own responses versus what you're replying to and think, "God, this is going to make me sound like a fucking idiot?"

Spurtacular

02-01-2021, 04:01 PM

It's fucking bullshit this is coordinated market manipulation by citidel to get their money back, probably trying to go after people with FOMO from the gamestop squeeze

Just saw Robinhood made it so people can buy next to nothing for 50 companies.

Spurtacular

02-01-2021, 04:03 PM

What the fuck are you even talking about?

Do you ever read your own responses versus what you're replying to and think, "God, this is going to make me sound like a fucking idiot?"

Don't lash out, Sadbert. You literally said that giving allegedly bad stock advice is as bad as the hedge fund managers rigging the market. It's not. In fact, it's the hedge fund managers making that advice bad by astroturfing stocks. Get your shit together.

koriwhat

02-01-2021, 04:13 PM

The authoritarian was Trump. So you go with that.

Im saying if you dont like it, make the call on CAPITALISM run amok because thats what it is! Playing by rich guy rules.
And then you too can be called a SOCIALIST (naughty word) and then you can get rid of authoritarians in finance replacing them with authoritarian governments like Putin runs. YOU think this kind of thing happens in Russia? or China?

Next time you spout off about socialism you might want to think about what you basically wrote on this subject.

yeah yeah yeah fuck socialism and all socialists!

Joseph Kony

02-01-2021, 04:20 PM

he doesnt get it :lol not surprising at all

Adam Lambert

02-01-2021, 04:25 PM

Don't lash out, Sadbert. You literally said that giving allegedly bad stock advice is as bad as the hedge fund managers rigging the market. It's not. In fact, it's the hedge fund managers making that advice bad by astroturfing stocks. Get your shit together.

Giving purposefully bad stock advice (like "GME stock is going to the moon! Buy now and you'll be able to pay off your college loans!") so that Redditors making $50K a year put all of their extra cash into shitty stocks is absolutely just as bad.

At least hedge fund managers are just skimming off the top of people who already have funds in the market, instead of manipulating gullible rubes based on false promises.

spurraider21

02-01-2021, 04:25 PM

hater

02-01-2021, 04:47 PM

grrrr we need to regulate big businesses and wall street more

but fuck the party who actually pushes for those policies :madrun (and more specifically the left wing of that party, ie warren, sanders, etc)

Its kinda sad you believe that Sanders or Warren have any chance in hell to pass their legislations through Democratic Party :lol

SnakeBoy

02-01-2021, 04:49 PM

It was a nobrainer to buy friday and watch it closely nancy.

No amount of bitching in this thread will change that fact.

How much $ did you bet on your nobrainer?

hater

02-01-2021, 04:51 PM

How much $ did you bet on your nobrainer?

Cant trade due to employer. Well I can but have to disclose my trades :lol fuck that

I still woulda put in 10,000 dollars of change on friday tbqh. You gotta roll the dice ma nig

Spurtacular

02-01-2021, 04:54 PM

Giving purposefully bad stock advice (like "GME stock is going to the moon! Buy now and you'll be able to pay off your college loans!") so that Redditors making $50K a year put all of their extra cash into shitty stocks is absolutely just as bad.

At least hedge fund managers are just skimming off the top of people who already have funds in the market, instead of manipulating gullible rubes based on false promises.

Who says it was purposely bad? Brokerages (illegally) astroturfed it to bring it down. And this was done at the behest of the hedge fund managers. So, calling these tankers mere skimmers is BS.

spurraider21

02-01-2021, 04:55 PM

Its kinda sad you believe that Sanders or Warren have any chance in hell to pass their legislations through Democratic Party :lol
thats not the point. the point is that electing more people like them would further that end

Spurtacular

02-01-2021, 04:57 PM

MultiTroll

02-01-2021, 04:59 PM

AMC moving forward?

13.16 after hours price at 5:00 PM EST

Spurtacular

02-01-2021, 05:09 PM

AMC moving forward?

13.16 after hours price at 5:00 PM EST

I believe it'll go over 20. But if you're looking for short selling, I wouldn't take that to the bank.

Adam Lambert

02-01-2021, 05:40 PM

I still woulda put in 10,000 dollars of change on friday tbqh. You gotta roll the dice ma nig

No, you don't have to roll the dice on a dead stock that's being propped up by memes. You can absolutely sit that one out.

Adam Lambert

02-01-2021, 05:41 PM

Who says it was purposely bad? Brokerages (illegally) astroturfed it to bring it down. And this was done at the behest of the hedge fund managers. So, calling these tankers mere skimmers is BS.

What do you think the best-case scenario is for the growth of a GME stock priced at $350? Do you think it's enough to change lives for people who buy it at that price?

hater

02-01-2021, 05:43 PM

No, you don't have to roll the dice on a dead stock that's being propped up by memes. You can absolutely sit that one out.

All stocks in stock market are hype. Wether its memes, or mainstream media, or whatever. Its all the sqme hype. Trust me I work in the business.

Its a house of cards, a puppet show.

Spurtacular

02-01-2021, 06:17 PM

What do you think the best-case scenario is for the growth of a GME stock priced at $350? Do you think it's enough to change lives for people who buy it at that price?

Best case scenario is it goes over a thousand based on how leveraged it is. You're not buying it based on the company's balance sheet.

Adam Lambert

02-01-2021, 06:41 PM

Best case scenario is it goes over a thousand based on how leveraged it is. You're not buying it based on the company's balance sheet.

Great. So if you're a 25 year old redditor, how much GME stock do you have to buy for a ~200% increase to substantially change your lifestyle or financial situation?

Spurtacular

02-01-2021, 06:55 PM

Great. So if you're a 25 year old redditor, how much GME stock do you have to buy for a ~200% increase to substantially change your lifestyle or financial situation?

I'm not advising on buying it. You asked best case scenario.
Frankly, I think it's a very high risk investment at this point.

spurraider21

02-01-2021, 07:13 PM

Spurtacular

02-01-2021, 07:25 PM

what was illegally done?

Market manipulation at the behest of big institutions.

Don't worry, Lite. Your people are not going to get indicted by Dictator Biden's minions. You can go back to shilling.

spurraider21

02-01-2021, 07:26 PM

Market manipulation at the behest of big institutions.

Don't worry, Lite. Your people are not going to get indicted by Dictator Biden's minions. You can go back to shilling.
how was the market illegally manipulated?

Spurtacular

02-01-2021, 07:27 PM

how was the market illegally manipulated?

Is it your contention that no illegality has occurred?

spurraider21

02-01-2021, 07:29 PM

Is it your contention that no illegality has occurred?
derp folds

my contention is that i dont think anything illegal has been demonstrated yet. i have no issue with the SEC investigating to make sure that was the case, though

now answer my question, or fold again:

how was the market illegally manipulated?

ChumpDumper

02-01-2021, 07:31 PM

how was the market illegally manipulated?PARENTHETICALLY

Spurtacular

02-01-2021, 07:32 PM

derp folds

my contention is that i dont think anything illegal has been demonstrated yet. i have no issue with the SEC investigating to make sure that was the case, though

now answer my question, or fold again:

how was the market illegally manipulated?

Yea, those frantic phone calls from Citadel to Robinhood must've been legit. :tu
Robinhood surely had a legal reason to shut down stocks for their benefit. :tu

Let me know if you need the blue font.

Adam Lambert

02-01-2021, 07:36 PM

I'm not advising on buying it. You asked best case scenario.
Frankly, I think it's a very high risk investment at this point.

We're not talking about your advice, we're talking about the people who are advising on buying it. The ones you jumped in to defend. Glad you agree it's indefensible to advise people to buy this stock to make easy money.

Spurtacular

02-01-2021, 07:38 PM

We're not talking about your advice, we're talking about the people who are advising on buying it. The ones you jumped in to defend. Glad you agree it's indefensible to advise people to buy this stock to make easy money.

I don't think it's indefensible in and of itself. We live in America. Free speech is foundational.
Sounds like you got burned on the advice. My condolences.

spurraider21

02-01-2021, 07:42 PM

Yea, those frantic phone calls from Citadel to Robinhood must've been legit. :tu
Robinhood surely had a legal reason to shut down stocks for their benefit. :tu

Let me know if you need the blue font.
i dont need any font.

im just asking you to articulate your claims like a normal person. how was the market illegally manipulated?

can you answer the question, or do you need to circle back to me later?

Spurtacular

02-01-2021, 07:58 PM

i dont need any font.

im just asking you to articulate your claims like a normal person. how was the market illegally manipulated?

can you answer the question, or do you need to circle back to me later?

Do you think that shutting down the sale of stocks for the benefit of institutions and their short orders is legal?

spurraider21

02-01-2021, 08:00 PM

Do you think that shutting down the sale of stocks for the benefit of institutions and their short orders is legal?
you are incapable of answering a question without a question. despite that, i have given you the courtesy of answering your last question.

how was the market illegally manipulated?

Spurtacular

02-01-2021, 08:06 PM

you are incapable of answering a question without a question. despite that, i have given you the courtesy of answering your last question.

how was the market illegally manipulated?

You don't want to answer the question because you know that is surely illegal. Rather you want to stick with your endgame: tedium.

ChumpDumper

02-01-2021, 08:07 PM

You don't want to answer the question because you know that is surely illegal. Rather you want to stick with your endgame: tedium.:lol everyone knows you're folding, derp.

spurraider21

02-01-2021, 08:08 PM

You don't want to answer the question because you know that is surely illegal. Rather you want to stick with your endgame: tedium.
yes, what you described certainly sounds like its illegal. my issue is that i dont think it can be demonstrated at this point that it's the case. thats why your question ins meaningless.

it would be like if i accused trump of being a criminal, and then when you ask me for evidence, i say "well wouldnt it be illegal if trump shot somebody in the face?" the question is meaningless

now, i've answered a second question of yours even though you've failed to answer mine, so i'll ask again.

how was the market illegally manipulated?

Spurtacular

02-01-2021, 08:12 PM

yes, what you described certainly sounds like its illegal. my issue is that i dont think it can be demonstrated at this point that it's the case. thats why your question ins meaningless.

it would be like if i accused trump of murder, and then when you ask me for evidence, i say "well wouldnt it be illegal if trump shot shomebody in the face?" the question is meaningless

now, i've answered a second question of yours even though you've failed to answer mine, so i'll ask again.

how was the market illegally manipulated?

You mean Peter Strzok's wife won't get to the bottom of it even if there are whistleblowers? I agree, tbh.

Spurtacular

02-01-2021, 08:13 PM

how was the market illegally manipulated?

I'm not going to paralegal it for you, Lite. A blind man can see illegality has occurred.

spurraider21

02-01-2021, 08:14 PM

You mean Peter Strzok's wife won't get to the bottom of it even if there are whistleblowers? I agree, tbh.
still not even an attempt to answer the question. derp folds

https://media2.giphy.com/media/SwIavlBmvoozta7lNu/giphy.gif

spurraider21

02-01-2021, 08:15 PM

I'm not going to paralegal it for you, Lite. A blind man can see illegality has occurred.
yep, fold. you cant answer a really simple question, so you try to delegate that task to me :lol... "you figure it out!"

Spurtacular

02-01-2021, 08:16 PM

still not even an attempt to answer the question. derp folds

https://media2.giphy.com/media/SwIavlBmvoozta7lNu/giphy.gif

Biden's press secretary's brother is Citadel. These rats are all in it together.

You know how the game's being played. You're just trying to shoot the messenger.

ChumpDumper

02-01-2021, 08:18 PM

I'm not going to paralegal it for you, Lite. A blind man can see illegality has occurred.
Then just say what law you claim was definitely broken, derp.

Step up or fold forever.

ChumpDumper

02-01-2021, 08:19 PM

Biden's press secretary's brother is Citadel. These rats are all in it together.

You know how the game's being played. You're just trying to shoot the messenger.

You're always lying and folding when you're caught lying.:lol

spurraider21

02-01-2021, 08:26 PM

Biden's press secretary's brother is Citadel. These rats are all in it together.

You know how the game's being played. You're just trying to shoot the messenger.
im trying to get the message from the messenger, but it's like pulling teeth :lol

how was the market illegally manipulated? if you cant answer, then i can only be led to believe that you dont actually think anything illegal happened, but are just posturing

ElNono

02-01-2021, 08:32 PM

im trying to get the message from the messenger, but it's like pulling teeth :lol

how was the market illegally manipulated? if you cant answer, then i can only be led to believe that you dont actually think anything illegal happened, but are just posturing

Very likely he has no idea what he's talking about, but that didn't prevent him from forming an opinion based on bits and pieces of what he read in places like gab, because that's what his tribe told him to think.

Which is textbook how gullible sheep end up spreading fake news.

Spurtacular

02-01-2021, 08:42 PM

Very likely he has no idea what he's talking about, but that didn't prevent him from forming an opinion based on bits and pieces of what he read in places like gab, because that's what his tribe told him to think.

Which is textbook how gullible sheep end up spreading fake news.

:cry It was on the up and up; ignorant. :cry

:lolK

ElNono

02-01-2021, 08:56 PM

:cry It was on the up and up; ignorant. :cry

:lolK

There it is, mocking me instead of addressing the topic at hand, making my point for me.

Spurtacular

02-01-2021, 09:07 PM

There it is, mocking me instead of addressing the topic at hand, making my point for me.

Sure, kid.

ElNono

02-01-2021, 09:16 PM

lmao son, if there's anybody that needs to grow up here, put his big boy pants on, it's you.

pgardn

02-01-2021, 09:19 PM

lmao son, if there's anybody that needs to grow up here, put his big boy pants on, it's you.

Get down on his level and punch the testicle-free enuich.
Its all he understands.

ChumpDumper

02-01-2021, 09:31 PM

Sure, kid.You claim they broke the law.

Which laws, derp?

Will Hunting

02-02-2021, 09:00 AM

Down 43% pre-market. Is today the day it crumbles?

Thanos

02-02-2021, 09:41 AM

:lol did they really think they were going to beat Wall Street?

Will Hunting

02-02-2021, 10:34 AM

Down 60% and sinking. This might be the end.

Will Hunting

02-02-2021, 10:36 AM

:lol did they really think they were going to beat Wall Street?
Plenty of people have “beaten” Wall Street when Wall Street got something wrong. Here, Wall Street wasn’t wrong. GME is a dogshit stock and is the next Blockbuster. They Reddit retards aren’t going to lose to the hedge funds because of a rigged system, they’re going to lose because they paid 10x more for GameStop than it’s actually worth.

Adam Lambert

02-02-2021, 10:42 AM

Question now is what's the next one?

Leetonidas

02-02-2021, 10:46 AM

Question now is what's the next one?

i heard they were targeting silver next

Will Hunting

02-02-2021, 10:52 AM

i heard they were targeting silver next
That’d make sense. The Reddit incel crowd has a bunch of conspiracy theories about how Abraham Lincoln was assassinated because the large banks in Europe feared his proposed silver-backed currency would destroy their ability to control the world’s money supply.

Winehole23

02-02-2021, 10:57 AM

https://geekdad.com/wp-content/uploads/2015/07/blockbuster-1280x720.jpg
Plenty of people have “beaten” Wall Street when Wall Street got something wrong. Here, Wall Street wasn’t wrong. GME is a dogshit stock and is the next Blockbuster. They Reddit retards aren’t going to lose to the hedge funds because of a rigged system, they’re going to lose because they paid 10x more for GameStop than it’s actually worth.

Winehole23

02-02-2021, 11:01 AM

1356632071662305282

Will Hunting

02-02-2021, 11:28 AM

Back up to $125 :lol

These Reddit retards are complete idiots but they’re not going down without a fight.

baseline bum

02-02-2021, 11:41 AM

Back up to $125 :lol

These Reddit retards are complete idiots but they’re not going down without a fight.

Mark Cuban did an AMA on WSB this morning and told them to hold. :lol

Will Hunting

02-02-2021, 11:44 AM

Mark Cuban did an AMA on WSB this morning and told them to hold. :lol
What an asshole, he should get sued for that. Knowingly giving people with little to no wealth bad investment advice because he thinks it’s funny to see the hedge funds get triggered.

Thanos

02-02-2021, 12:07 PM

The WSB memes are gold tbh, but knowing this thing will end with at least a few people Cobain-ing themselves after losing their life savings is pretty shitty.

SpursforSix

02-02-2021, 12:24 PM

What an asshole, he should get sued for that. Knowingly giving people with little to no wealth bad investment advice because he thinks it’s funny to see the hedge funds get triggered.

Yeah...that is stupid advice. The only way to realize a profit is to sell. At some point, there's going to be a lot of little guys holding the bag.

SnakeBoy

02-02-2021, 12:43 PM

Yeah...that is stupid advice. The only way to realize a profit is to sell. At some point, there's going to be a lot of little guys holding the bag.

Pretty sure there are plenty of bagholders already.

Adam Lambert

02-02-2021, 12:59 PM

I just hope this whole fiasco hasn't caused the youth of the nation to lose faith in our benevolent Wall Street overlords.

SpursforSix

02-02-2021, 01:21 PM

Pretty sure there are plenty of bagholders already.

No doubt. I'd be interested to know the average investment by the Reditt group. If it's a bunch of $100 small lots, they may not give a shit about any loss.

SpursforSix

02-02-2021, 01:22 PM

I just hope this whole fiasco hasn't caused the youth of the nation to lose faith in our benevolent Wall Street overlords.

I doubt that the large majority don't even think about that. My guess is that it's just easy gambling. No different than throwing away a few bucks on DraftKings every night.

spurraider21

02-02-2021, 01:25 PM

I just hope this whole fiasco hasn't caused the youth of the nation to lose faith in our benevolent Wall Street overlords.
its definitely getting the youth to start believing/understanding that the game is somewhat fixed, but imo for the wrong reasons or through misinfo (at least so far)

chunticakes

02-02-2021, 02:03 PM

Yeah...that is stupid advice. The only way to realize a profit is to sell. At some point, there's going to be a lot of little guys holding the bag.

Bend over, I'll fuckin' hold your bag.

SpursforSix

02-02-2021, 02:28 PM

Bend over, I'll fuckin' hold your bag.

Better buy some Ronald McDonald hands.

SpursforSix

02-02-2021, 02:30 PM

Better buy some Ronald McDonald hands.

Huh. Clowns don't have really big hands.

You better buy these hands

https://partycity6.scene7.com/is/image/PartyCity/_pdp_sq_?$_1000x1000_$&$product=PartyCity/176144_01

Warlord23

02-02-2021, 03:27 PM

The Gamestop surge was started by Reddit and retail buyers, but at some point it became big money vs big money - the mistake the Reddit crowd made was to think that all price movement was based on them and the hedge funds trying to cover their shorts

At some point BlackRock and the big boys started exiting. Some of these trades might have happened in so-called "dark pools". Also it's undeniable that many retail investors were also exiting even as wsb was calling everyone to hold. A meme can't get millions of people to behave like a hive mind.

Thanos

02-02-2021, 05:44 PM

:lmao that dipshit Barstool guy lost $700K and tapped out, and now everyone’s calling him a pussy for selling.

spurraider21

02-02-2021, 06:54 PM

closed at 90 today. everybody who bought and held since monday has already lost money. pump and dump/ponzi scheme worked. all under the guise of "taking on the billionaires :cry"

Adam Lambert

02-02-2021, 07:05 PM

"No brainer" :lmao

Will Hunting

02-02-2021, 07:08 PM

:lmao that dipshit Barstool guy lost $700K and tapped out, and now everyone’s calling him a pussy for selling.
Portnoy or someone else?

lefty20

02-02-2021, 07:24 PM

Had ridden my initial gme investment from 39 to 310 and made a decent profit. Guess what? I just put in half of that money back into gme at an avg of 103. To the fucking moon... or the soup line.

spurraider21

02-02-2021, 07:24 PM

start from 18:00 for the meat and potatoes

https://www.youtube.com/watch?v=9vd3iZDN_OI

Thanos

02-02-2021, 07:39 PM

Portnoy or someone else?
Yeah Portnoy :lol and just a couple days ago he was doing all the Diamond Hands/Hold The Line/I’m Not Fuckin Leavin memes

https://twitter.com/stoolpresidente/status/1356716946499248135?s=21

baseline bum

02-02-2021, 07:41 PM

Had ridden my initial gme investment from 39 to 310 and made a decent profit. Guess what? I just put in half of that money back into gme at an avg of 103. To the fucking moon... or the soup line.

Why buy again? Are the shorts back over 100% or something? People ain't wrong to be shorting that shit company.

spurraider21

02-02-2021, 07:46 PM

Why buy again? Are the shorts back over 100% or something? People ain't wrong to be shorting that shit company.
imagine the people who shorted it at $300+ :lol

lefty20

02-02-2021, 07:48 PM

Yeah Portnoy :lol and just a couple days ago he was doing all the Diamond Hands/Hold The Line/I’m Not Fuckin Leavin memes

https://twitter.com/stoolpresidente/status/1356716946499248135?s=21

Buy high, sell low was pretty much the tag line of wsb b4 it blew up last week. This guy is doing it right, tbh.

lefty20

02-02-2021, 07:54 PM

Why buy again? Are the shorts back over 100% or something? People ain't wrong to be shorting that shit company.

It's still heavily shorted, with high interest and the volume is steadily decreasing. And they will no longer be able to double down on shorting, as NYSE has put gme on short sale restriction list.

So yeah, there still some more juiced to be squeezed out here. Just gotta diamond hands this bitch.

Winehole23

02-03-2021, 08:41 AM

And the hedge fund industry has been shrinking (https://markets.businessinsider.com/news/stocks/hedge-fund-industry-performance-more-closures-than-openings-5th-year-2019-12-1028788132) for the last six years (https://www.washingtonpost.com/business/hedge-funds-had-a-fine-year-thats-not-enough/2020/12/10/6fb6327a-3ab5-11eb-aad9-8959227280c4_story.html) as investors have been walking away from their high fees and mediocre returns. CalPERS renunciation of hedge funds in 2014 did vastly more damage to the industry than these shorts did by making it OK for big fiduciaries to just say no.

https://www.nakedcapitalism.com/2021/02/more-on-the-gamestop-short-squeeze-gme-myths-busted.html

boutons_deux

02-03-2021, 10:01 AM

ROBINHOOD IS A PERFECT EXAMPLE OF FINTECH’S INSIDIOUS POWER

Robinhood itself makes money by selling data on users’ trades to giant Wall Street firms (https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product),

who then stake their own positions based off what the little guy is up to.

The Securities and Exchange Commission (https://www.sec.gov/news/press-release/2020-321) also charged Robinhood last month for offering bad trading prices to unsuspecting users,

since those trades were routed through firms paying Robinhood.

If true, Robinhood’s users were effectively paying a premium on their trades, despite the app marketing itself as “commission free.”

much like traditional Wall Street and Big Tech firms before it, fintech is building an echo chamber of industry voices and former regulators to ease oversight and permit its predatory practices.

Left to their own devices, fintech firms could

swindle average people through ill-advised day-trading or high-interest loans,

usher new systemic risks into the financial system, and

develop traceable, privately owned currencies with the potential to replace cash.

American financial law vastly predates the digital era and is often ill-suited to describing online financial activity.

And plenty of fintech firms design themselves to deliberately evade falling under any legal classifications and the regulations that follow them.

https://theintercept.com/2021/01/31/fintech-biden-nominees-robinhood