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re: People are "storming the Capitol" on the financial markets right now
Posted on 1/27/21 at 12:41 pm to Dawgfanman
Posted on 1/27/21 at 12:41 pm to Dawgfanman
When are the shorts set to call? Friday?
If so, I think that the brigades will hold out till then to cash out at the hedge funds’ expense.
If so, I think that the brigades will hold out till then to cash out at the hedge funds’ expense.
1
Posted on 1/27/21 at 12:49 pm to Dawgfanman
Investor Chamath Palihapitiya: The GameStop story is pushback against Wall Street establishment
yt
Save America and make a few bucks at the same time.
#trusthomedepot
Posted on 1/27/21 at 12:53 pm to teke184
Did you see this?
quote;
Okay back to the GME story. GME has been in an interesting state of renewal. Trying to find yourself as mall-retail store in the Pandemic must be a little bit difficult and with the digital age, of course the company can be seen as a little bit stale or "out-dated." GME has been doing their best to re-image their self with a new focus for this digital market. Good for them, new CEO successful Billionaire, good ideas to improve. Good on him.
Well GME stock hasn't been anything quite impressive for normal buyers to get into. Under $10s since 2019. No one would really bat an eye on walking past in the mall. ('cept one brass balled man, more on him later). Well during the pandemic some fans of GME who owned stock and were frequent members of reddit's r/WallStreeBets (/WSB/) and 4Chan's /Biz/ discovered that GME's stock was being shorted, and SHORTED MASSIVELLY. They found that the companies shares were shorted over 100%. I will say that again. People borrowed and SOLD more borrowed shares than currently shares available. Oh these people are so f....d
Currently it is running at 130%. These traders were caught SHITTING into the COOKIE JAR
Melvin Capital. They are a Hedge Fund who have been making bank off of shorting stock and manipulating the markets. Definitely caught arse in the jar. One of their biggest target they've Shorted? TELSA. (More on this Later). They've just been banished to the shadow realm because of their short sells RAISING instead of falling.
Hedge funds has lost $92BILLION since January. The word has been spreading and spreading every since. Last Friday was the shot fired at Concord. The shares of GME was Higher than the Short Sell Bet and guess who had to foot the bill? Aha but there is more! The Funds had two options.
A) Admit defeat and buy the borrowed stock back a bunch of people who can't even remember to cut their hair and barely remember how long to microwave tendies.
B) Double Down and Dive Head First... Yeah. They choose this option. They extended the Short Bets till this Friday.
This Friday the Short call expire and IF the STOCK is HIGHER than These people must pay BILLIONS of Dollars. It's going to be a Short Squeeze. Remember how I said the Short was over 130%? Yeah that's going to f over everything. THEY ARE FORCED to buy the stock from the People that kicked their arse with a bunch of sht'y Pelosi and McConnel Stimulus checks...
Now here is where the REAL HYPE begins. Now Twitter, /biz/, and /wsb/ were really only the ones in this event. Maybe the people wanting to make a Pump and Dump. Mr. Spacex himself tweeted this event AFTER TRADING HOURS Elon Musk's tweet cause the price of GME(AND ALL SHORTED TRADES) to bounce higher and harder than Tigger ever could! We're Talking $20 swings multiple times a minute!
GME Stock War Summary & Observation
quote;
Okay back to the GME story. GME has been in an interesting state of renewal. Trying to find yourself as mall-retail store in the Pandemic must be a little bit difficult and with the digital age, of course the company can be seen as a little bit stale or "out-dated." GME has been doing their best to re-image their self with a new focus for this digital market. Good for them, new CEO successful Billionaire, good ideas to improve. Good on him.
Well GME stock hasn't been anything quite impressive for normal buyers to get into. Under $10s since 2019. No one would really bat an eye on walking past in the mall. ('cept one brass balled man, more on him later). Well during the pandemic some fans of GME who owned stock and were frequent members of reddit's r/WallStreeBets (/WSB/) and 4Chan's /Biz/ discovered that GME's stock was being shorted, and SHORTED MASSIVELLY. They found that the companies shares were shorted over 100%. I will say that again. People borrowed and SOLD more borrowed shares than currently shares available. Oh these people are so f....d
Currently it is running at 130%. These traders were caught SHITTING into the COOKIE JAR
Melvin Capital. They are a Hedge Fund who have been making bank off of shorting stock and manipulating the markets. Definitely caught arse in the jar. One of their biggest target they've Shorted? TELSA. (More on this Later). They've just been banished to the shadow realm because of their short sells RAISING instead of falling.
Hedge funds has lost $92BILLION since January. The word has been spreading and spreading every since. Last Friday was the shot fired at Concord. The shares of GME was Higher than the Short Sell Bet and guess who had to foot the bill? Aha but there is more! The Funds had two options.
A) Admit defeat and buy the borrowed stock back a bunch of people who can't even remember to cut their hair and barely remember how long to microwave tendies.
B) Double Down and Dive Head First... Yeah. They choose this option. They extended the Short Bets till this Friday.
This Friday the Short call expire and IF the STOCK is HIGHER than These people must pay BILLIONS of Dollars. It's going to be a Short Squeeze. Remember how I said the Short was over 130%? Yeah that's going to f over everything. THEY ARE FORCED to buy the stock from the People that kicked their arse with a bunch of sht'y Pelosi and McConnel Stimulus checks...
Now here is where the REAL HYPE begins. Now Twitter, /biz/, and /wsb/ were really only the ones in this event. Maybe the people wanting to make a Pump and Dump. Mr. Spacex himself tweeted this event AFTER TRADING HOURS Elon Musk's tweet cause the price of GME(AND ALL SHORTED TRADES) to bounce higher and harder than Tigger ever could! We're Talking $20 swings multiple times a minute!
GME Stock War Summary & Observation
Posted on 1/27/21 at 12:59 pm to Tdot_RiverDawg
quote:
Remember when Obama but in the Stock Act but congress and senate quietly voted to repeal it?
Ooh! I member!
Member when Congress made a big show of banning themselves from insider trading while legalizing it for their spouses and children?
Posted on 1/27/21 at 1:12 pm to Y.A. Tittle
quote:
it's only going to similarly embolden politicians to "do something" to stop it in the future.
Oh they absolutely will.
Posted on 1/27/21 at 1:20 pm to Ailsa
Nice summary
Melvin investments naked shorted floating stock by 140% for 20$ so WSB said "f**k it" and is buying like madlads, then elon tweeted "gamestonks" and "accidently" leaked that he browses WSB discord, so the stock shot up even more to $150 at close.
there is a legend named deepfrickingvalue who was in for 53k almost a year ago, and is now worth 22m at close yesterday.
Posted on 1/27/21 at 3:59 pm to QboveTopSecret
quote:
the rally cry on r/wallstreet bets:
"we can remain retarded for longer than they can stay solvent!"
Melvin lost $2B+ in like 2 weeks, and just had to get bailed out by 2 other funds just to cover it's losses from the shorts.
It's not quite George Soros "Breaking the Bank of England" - but it's close.
https://archive.vn/kBNVS
the rally cry on r/wallstreet bets:
"we can remain retarded for longer than they can stay solvent!"
Melvin lost $2B+ in like 2 weeks, and just had to get bailed out by 2 other funds just to cover it's losses from the shorts.
It's not quite George Soros "Breaking the Bank of England" - but it's close.
https://archive.vn/kBNVS
Posted on 1/27/21 at 4:12 pm to teke184
quote:
AMC is on there but Timberland is number 1 with a bullet at about 960% short sold.
I don't understand how this is legal. How can people enter into contracts to sell their same underlying property to (on average) 9.6 people at the same time?
Explain like I'm the President.
This post was edited on 1/27/21 at 4:17 pm
Posted on 1/27/21 at 4:18 pm to Ailsa
Posted on 1/27/21 at 4:20 pm to TigerstuckinMS
I’m not certain how it IS legal.
It is basically The Producers - Wall Street version.
It is basically The Producers - Wall Street version.
Posted on 1/27/21 at 4:36 pm to Bobby OG Johnson
Nice meal, toys, and some medical bills. I hope that thousands of people get a little of that hedge fund money like her.
Posted on 1/27/21 at 5:15 pm to Bobby OG Johnson
This could be the start of something amazing. Returning some of the money back to the people.
Posted on 1/27/21 at 5:17 pm to TigerstuckinMS
quote:
Explain like I'm the President.
bravo
golf clap
Posted on 1/27/21 at 5:22 pm to Ailsa
Posted on 1/27/21 at 5:26 pm to Bobby OG Johnson
Posted on 1/28/21 at 8:38 am to Bobby OG Johnson
Thanks for saving that. Reddit deleted the image. He's a brave man and I hope he does well and pray they don't come after him.
Posted on 1/28/21 at 8:47 am to Y.A. Tittle
It’s a sad state of affairs when we fear our government’s actions.
Seems like an amendment to the Constitution was written for that very reason.
Seems like an amendment to the Constitution was written for that very reason.
Posted on 1/28/21 at 10:12 am to EKG
Pay attention to the members of Congress that go Foghorn Leghorn about this. They are the ones that are deepest in the pocket of Wall Street. Any member of Congress who attempts to draft any kind of legislation that keeps this from happening again can not be trusted in any position of political power and needs to get their arse voted out of office ASAP.
Posted on 1/28/21 at 10:12 am to DabosDynasty
quote:
quote:
I’d pat myself on the back for “calling it,” but I can’t see how it wasn’t the most obvious thing in the world.
Yep. This will absolutely be used to push “reform” under the guise of reigning in Wall Street but in effect killing the individual investors who are responsible for this action. Wall Street and social media will be the declared boogie men, but the people will be treated as the boogie men in reality.
That didn’t take long
Posted on 1/28/21 at 10:20 am to Bobby OG Johnson
Looks like that person should have sold.
Down to $126 and dropping fast from a high of almost $470 today.
I thought the crash might come tomorrow, although I guess it could still rebound today.
Down to $126 and dropping fast from a high of almost $470 today.
I thought the crash might come tomorrow, although I guess it could still rebound today.
This post was edited on 1/28/21 at 10:22 am
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