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re: If the SEC or Fed steps in to help the Wall Street institutions that shorted GME....
Posted on 1/27/21 at 8:21 pm to fightin tigers
Posted on 1/27/21 at 8:21 pm to fightin tigers
quote:
Maybe there is some stock manipulation, but I have no idea what that would entail. I know last Friday there were some, that seemed logical, nervous on the sub. I think they realized they had pissed off some elites and knew what that could bring.
TD Ameritrade shut down their platform to GME trades at some point today. That seems like market manipulation to me.
2
Posted on 1/27/21 at 8:22 pm to goofball
I was trading it up until 7pm and am holding some options.
Posted on 1/27/21 at 8:23 pm to goofball
If Wall Street was smart they wouldn’t try to silence the autists, that will only make things worse, instead they would pay the autists and weaponize their brilliance.
But the prevailing currents right now are to silence and deplatform
But the prevailing currents right now are to silence and deplatform
This post was edited on 1/27/21 at 8:24 pm
Posted on 1/27/21 at 8:25 pm to LSUAngelHere1
quote:
The smell test? The short interest was 138%. Are you familiar with short attacks and shorting most of the shares to drive the price down?
I'm familiar enough to know that's a massive bet against them. I can totally see where covering that bet could put some big names out of business. Let them go out of business- we're far too cavalier with bailouts for a country that pretends to rely on free markets.
What I was saying is that, whatever led to that big bet, I think they're overvalued now. What's the plan to make profits that justify that market cap?
Posted on 1/27/21 at 8:25 pm to USMEagles
quote:
IDK. Their market cap is just under $25,000,000,000 right now. Like their locations, that just doesn't pass the smell test. I wonder what's propping up that valuation. I don't support a bailout, I support an investigation.
A massive Reddit sub-forum with more users than Tigerdroppings nearly all piled onto GME.
Some Wall Street funds that publicly shared their short positions in an effort to push the stock down are getting smashed by these retail investors. Elon Musk tweeted a link to the subreddit because one of the shorts did the same thing to Tesla in the past.
A bunch of kids with a few thousand to invest drove the stock up. Many sold out and paid off their mortgages and student loans.
This post was edited on 1/27/21 at 8:27 pm
Posted on 1/27/21 at 8:27 pm to USMEagles
quote:
I'm familiar enough to know that's a massive bet against them. I can totally see where covering that bet could put some big names out of business. Let them go out of business- we're far too cavalier with bailouts for a country that pretends to rely on free markets.
What I was saying is that, whatever led to that big bet, I think they're overvalued now. What's the plan to make profits that justify that market cap?
there isn't one, I don't think you are following the story
Posted on 1/27/21 at 8:28 pm to goofball
quote:
A bunch of kids with a few thousand to invest drove the stock up. Many sold out and paid off their mortgages and student loans.
That's utter retardation. Probably made some small-volume price spike happen. Don't expect it to last.
Posted on 1/27/21 at 8:29 pm to USMEagles
quote:
That's utter retardation. Probably made some small-volume price spike happen. Don't expect it to last.
They are talking about holding until Friday.
You should read up on this. It’s fascinating how the media is handling it. I don’t think you’ve seen the latest on this.
This post was edited on 1/27/21 at 8:30 pm
Posted on 1/27/21 at 8:34 pm to goofball
quote:
A bunch of kids with a few thousand to invest drove the stock up. Many sold out and paid off their mortgages and student loans.
One guy made $50 million so far but what you dont see is that there will be many late to the game that will catch the falling knife.
Now it's ready to short IMO
Posted on 1/27/21 at 8:34 pm to goofball
quote:
If we were not intentionally divided on superficial social issues, the coastal elites would be totally fricked.
You just described the exact plan of the Dim’s. They’ve talked about it, written about it, told you what they were gonna do. And yet there are some 70 million Americans that are too stupid to figure it out. Many on this very board.
The crazy thing is they are so blinded they are ok with taking someone else’s rights in the process, they can’t just be satisfied with being stupid.
This post was edited on 1/27/21 at 8:47 pm
Posted on 1/27/21 at 8:35 pm to goofball
quote:
A bunch of kids with a few thousand to invest drove the stock up. Many sold out and paid off their mortgages and student loans
My son’s good friend dropped $3000 on this stock after reading on Reddit back when it was cheap. He woke up this morning to it now being worth $200K. This guy is only 23.
Posted on 1/27/21 at 8:35 pm to goofball
quote:
They are talking about holding until Friday.
If the people shorting GME really haven't scheduled their obligations in a way that makes this irrelevant, then either
1) They got sloppy and deserve whatever haircut they have to take (though it's probably smaller than you imagine), or
2) Someone from one of these organizations spilled the beans on Reddit in an illegal way, and then, yes, there will be hell to pay, or
3) Both 1 and 2, but 2 will make 1 not matter.
This is not some Masonic Bush/Clinton Conspiracy. I agree with more of what Alex Jones has to say than most people, but some neckbeards artificially inflating a stock price for a couple of days is not Braveheart.
Posted on 1/27/21 at 8:35 pm to goofball
quote:
You should read up on this. It’s fascinating how the media is handling it. I don’t think you’ve seen the latest on this.
But that’s life in the 21st century.
The media will do work to denigrate what WallStreetBets accomplished. They’ll be labeled terrorists, racists, conservatives by CNN and Antifa, liberal, communists by Fox News. Think I’m joking? CNN currently has an article up connecting the Reddit users to Trump.
As the general public hears about it through the lens of the media, fear will grow. Then the government steps in and steals a bit more freedom from citizens. The ruling elite continue on as normal.
That’s life right now.
Posted on 1/27/21 at 8:36 pm to stout
Yeah, I guess the hope is that firms had to buy to cover their short positions, but no doubt some average joes will be caught holding the bag.
Posted on 1/27/21 at 8:36 pm to goofball
quote:
If the SEC or Fed steps in to help the Wall Street institutions that shorted GME.... by goofball
....and cracks down on small retail investors who discussed a stock on a message board.
They won’t. Not sure why anyone who understands the SEC, Finra, or the Fed would think this.
Posted on 1/27/21 at 8:41 pm to USMEagles
quote:
USMEagles
I don’t mean to be a dick here, but you should really go read what is actually happening here. It’s pretty clear you don’t really know what this thread is about.
Posted on 1/27/21 at 8:42 pm to fightin tigers
quote:
Yeah, I guess the hope is that firms had to buy to cover their short positions, but no doubt some average joes will be caught holding the bag.
There are people piling in a 350+ dollars per share.
Its 52 week low is below three bucks.
I think what they've done is brilliant and fun to watch. But there is no doubt there will be a few big winners, and many folks losing their shirts when sanity returns to the GME stock valuation.
This is still a company circling the drain.
Posted on 1/27/21 at 8:44 pm to goofball
quote:
Would that finally convince some of you that we are all subjects to the ruling class rather than citizens of the USA?
I’d say it would finally be the shot across the bow that ends a lot of the pointless left/right arguments and shows everyone that we are all equally worthless in the eyes of the elite
Posted on 1/27/21 at 8:45 pm to Grievous Angel
quote:
This is still a company circling the drain.
If I was the CEO, I'd be cashing out all of my shares as fast as I could get board approval.
Posted on 1/27/21 at 8:46 pm to USMEagles
quote:
If the people shorting GME really haven't scheduled their obligations in a way that makes this irrelevant, then either
1) They got sloppy and deserve whatever haircut they have to take (though it's probably smaller than you imagine), or
2) Someone from one of these organizations spilled the beans on Reddit in an illegal way, and then, yes, there will be hell to pay, or
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