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Now you are the blame for Game Stop and are trying to bring down the market! WOW

Posted on 1/27/21 at 1:29 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55386 posts
Posted on 1/27/21 at 1:29 pm
quote:

Many of the smaller investors who have organized around the Reddit Group r/wallstreetbets see themselves as engaged in a populist uprising against the Wall Street establishment.

“People are tired of feeling like the stock market is controlled by big evil institutions, and it is satisfying when a band of misfits on Reddit can stick it to the hedge funds,” Bloomberg’s Matt Levine wrote in his daily email Wednesday.

On CNBC, people are saying the surge in GameStop shares threatens the “integrity of the market.” At WallStreetBets, there are 15,000 comments on a discussion thread today.



LINK


And here is the thing.... Some how, if true, they will make it a crime. Wall street hedge funds are hurting!
Posted by TechDawg2007
Bawville
Member since Nov 2007
32483 posts
Posted on 1/27/21 at 1:30 pm to
Just give me my gubment check
Posted by j1897
Member since Nov 2011
4313 posts
Posted on 1/27/21 at 1:33 pm to
It should be a crime, this is not good what they are doing. If anyone doesn't think a fricking reckoning is coming, look at the cavalier people are on these boards about losing money in the market.
Posted by IslandBuckeye
Boca Chica, Panama
Member since Apr 2018
10067 posts
Posted on 1/27/21 at 1:36 pm to
I have not had time to read up on the Game Stop Stock Market control due to work loads. How did Game stop crash the market?
Posted by Vestigial Morgan
Member since Apr 2016
3048 posts
Posted on 1/27/21 at 1:42 pm to
The interesting aspect to me is....all last summer we saw mom /pops and some big box stores burn and somelives were lost because people "feel" ( "they are being hunted" " being marginalized" etc) and Dems we're either silent or asking for more

Today...some people "feel" that the system is rigged Against them and are lashing out and its affecting wall street ...so screw their feelings, we need to stop this
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
51023 posts
Posted on 1/27/21 at 1:44 pm to
quote:

the “integrity of the market.”


lol

This reminds me of Congressmen talking about “our sacred chamber.”
Posted by Jjdoc
Cali
Member since Mar 2016
55386 posts
Posted on 1/27/21 at 1:48 pm to
quote:

It should be a crime,


But not when a hedge fund does it or when hedge funds go short and crushes the everyday worker's accounts?


Posted by teke184
Zachary, LA
Member since Jan 2007
103153 posts
Posted on 1/27/21 at 1:50 pm to
frick them.

When hedge funds frick over small investors, we don’t whine to the White House and SEC about how unfair things are. Because the hedge funds own those two groups.
Posted by Jjdoc
Cali
Member since Mar 2016
55386 posts
Posted on 1/27/21 at 1:50 pm to
quote:

I have not had time to read up on the Game Stop Stock Market control due to work loads. How did Game stop crash the market?


It didn't. Bad reports and the Feds announcing what they were doing on interest rates along with Biden killing jobs caused the down turn.


Hedge funds that were short got killed though
Posted by F73ME
SE LA
Member since May 2018
915 posts
Posted on 1/27/21 at 1:52 pm to
It hasn't. Basically what happened is the people at r/wallstreetbets noticed that there are more shorts on gamestop stock than there are shares available. So they grouped together to buy and hold GME. A large number of the shorts are due friday, and almost all the shorts are held by billion-dollar hedge funds. If you are familiar with trading, you understand the implications.

Basically millions of retail investors with $ vs a few over-exposed hedge funds with $$$$$$.

Who knows how this turns out, but if they are disciplined enough to hold, those hedge funds are seriously in trouble.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
80211 posts
Posted on 1/27/21 at 1:52 pm to
quote:

On CNBC, people are saying the surge in GameStop shares threatens the “integrity of the market.”


Just like a surge in shady voting practices threatens the "integrity of the election system".
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 1/27/21 at 1:53 pm to
quote:

It should be a crime, this is not good what they are doing.


Why? It's a free market. If they want to run up the price of worthless stock buying it then selling it to idiots, why not?

Government sold worthless dementia Joe Biden to the people.
That was false advertising, at best.
This post was edited on 1/27/21 at 1:54 pm
Posted by Oates Mustache
Member since Oct 2011
26066 posts
Posted on 1/27/21 at 1:54 pm to
Hahaha, Wall Street and integrity should never be mentioned together.
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 1/27/21 at 1:55 pm to
quote:

j1897: It should be a crime, this is not good what they are doing.


You think it should be a crime to buy and sell on the market? What about it would you criminalize? Who do you think should be allowed to buy and sell on the market?
Posted by dgnx6
Member since Feb 2006
86294 posts
Posted on 1/27/21 at 1:56 pm to
quote:

It should be a crime, this is not good what they are doing.


Funny, I said the same all summer when I saw people's life savings up in smoke because of the gaslighting from our media and past president. Because a criminal that beats pregnant woman overdosed on drugs, drugs that became an epidemic because of the same past president.
Posted by rb
Georgia
Member since Sep 2012
5633 posts
Posted on 1/27/21 at 1:58 pm to
TD must have a short position too. They aren’t allowing trades on AMC or GS.
Posted by Jjdoc
Cali
Member since Mar 2016
55386 posts
Posted on 1/27/21 at 2:00 pm to
quote:

It hasn't. Basically what happened is the people at r/wallstreetbets noticed that there are more shorts on gamestop stock than there are shares available. So they grouped together to buy and hold GME. A large number of the shorts are due friday, and almost all the shorts are held by billion-dollar hedge funds. If you are familiar with trading, you understand the implications.

Basically millions of retail investors with $ vs a few over-exposed hedge funds with $$$$$$.

Who knows how this turns out, but if they are disciplined enough to hold, those hedge funds are seriously in trouble.



And what people don't understand is that these hedge funds can kill a stock and investors by short selling.


F'em.... beat at their own game.
Posted by Jjdoc
Cali
Member since Mar 2016
55386 posts
Posted on 1/27/21 at 2:01 pm to
quote:

Funny, I said the same all summer when I saw people's life savings up in smoke because of the gaslighting from our media and past president. Because a criminal that beats pregnant woman overdosed on drugs, drugs that became an epidemic because of the same past president.




Posted by Ailsa
Member since May 2020
3577 posts
Posted on 1/27/21 at 2:03 pm to
quote:

I have not had time to read up on the Game Stop Stock Market control due to work loads. How did Game stop crash the market?


quote;
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 by jcaz
Laffy
Member since Aug 2014
18816 posts
Posted on 1/27/21 at 2:04 pm to
I’m sure they are blaming Russian bots on Reddit
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