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The irony of meme investors making the elite wealthier is comical
Posted on 8/19/22 at 6:49 am
Posted on 8/19/22 at 6:49 am
The whole diamond hands and stick it to the shorts mentality has been a massive moneymaker for the big firms. Guys like Ryan Cohen and Adam Aron have played the masses like a fiddle. While I’m well aware that people have made money on some of these trades, the fact of the matter is that most are bag holders for the wealthy.
Cohen exits his entire position before BBBY falls 50%
Cohen exits his entire position before BBBY falls 50%
This post was edited on 8/19/22 at 6:51 am
11
Posted on 8/19/22 at 7:16 am to slackster
Haha yeah good one what a bunch of dummies they’re gambling and losing their money to pedophiles in hopes of making more instead of just willfully giving their money to pedophiles in the form of taxes and contributions to vanguard like you do
You really got em that time!
You really got em that time!
Posted on 8/19/22 at 7:57 am to el Gaucho
quote:
Haha yeah good one what a bunch of dummies they’re gambling and losing their money to pedophiles in hopes of making more instead of just willfully giving their money to pedophiles in the form of taxes and contributions to vanguard like you do
Touché.
Posted on 8/19/22 at 8:08 am to slackster
Diamond hands bro. The Gamma squeeze is just coming to play. Gotta hold on for one more day. Break free from the pain. Some day someone is gonna make you turn around and say goodbye.
Posted on 8/19/22 at 8:15 am to slackster
Make your money and sell. These idiots love holding bags for billionaires. I hit GME big last year, but took my profits and moved on.
I don’t trust any of the charlatans like Chamath, Ryan Cohen, or Bill Ackman. They will 100% do what’s best for themselves and you have to as well.
There’s a saying on wallstreetbets that I abide by. “If it’s good enough to screenshot, it’s good enough to sell.”
I don’t trust any of the charlatans like Chamath, Ryan Cohen, or Bill Ackman. They will 100% do what’s best for themselves and you have to as well.
There’s a saying on wallstreetbets that I abide by. “If it’s good enough to screenshot, it’s good enough to sell.”
This post was edited on 8/19/22 at 8:19 am
Posted on 8/19/22 at 8:34 am to Triple Bogey
quote:
There’s a saying on wallstreetbets that I abide by. “If it’s good enough to screenshot, it’s good enough to sell.”
Words of wisdom.
Posted on 8/19/22 at 9:02 am to slackster
The elites will get wealthier either way baw. At least retail are along for the ride here, normally retail just lose while the elites win
Posted on 8/19/22 at 9:10 am to slackster
I don't disagree, but there really isn't a scenario where the "little guy" makes money and the "big guy" doesn't.
Posted on 8/19/22 at 9:17 am to slackster
Thank god I rolled my call profits into puts
Posted on 8/19/22 at 9:28 am to slackster
posted on r/wallstreetbets
Posted on 8/19/22 at 9:45 am to Ross
quote:
posted on r/wallstreetbets
They are down bad today. 
Posted on 8/19/22 at 9:52 am to Ross
That’s AT.
(Had to. Sorry.)
(Had to. Sorry.
)Posted on 8/19/22 at 9:56 am to Stiles
Can y’all stop talking shite about at? He’s the only one that ever tried to save us. y’all are like a bunch of Jews bitching about Jesus feeding the 5000
Posted on 8/19/22 at 10:10 am to slackster
I was basically making this exact point in the AMC thread, right around when they were issuing new shares at the inflated prices, which the masses gobbled up cuz it was gonna moon. And when Aron was selling tens of millions of dollars of stock at those inflated prices (but they were scheduled!!!!).
Which is all why
Which is all why
quote:
AMC’s CEO Will Do Whatever It Takes to Keep His Company a Meme Forever
Adam Aron’s antics have amped his movie chain’s stock and his army of fans—so far. It only gets harder from here.
This post was edited on 8/19/22 at 10:12 am
Posted on 8/19/22 at 10:13 am to Upperdecker
quote:
At least retail are along for the ride here, normally retail just lose while the elites win
This is not true. There are hundreds, perhaps thousands of stocks that have made millions of retail investors tons of money over the medium to long term.
Let's stop trying to pretend the only way to make money in the market is by betting on a shitty company.
This post was edited on 8/19/22 at 10:14 am
Posted on 8/19/22 at 11:05 am to slackster
Cohen can basically print money now, buy a bunch of a garbage meme stock, word gets out, bunch of retards buy it, dump, repeat
Posted on 8/19/22 at 1:09 pm to slackster
Cohen was trying to help them restructure. He changed 3 seats on the board and ousted the CEO. He's not one to simply dump bags on the average joe. There is more to this than appears. BBBY filed an 8K yesterday morning saying they reached an agreement with RC Ventures to help strengthen their balance sheet. He also had to give 60-70% of the profits from his sale right back to them due to the Insider swing profit rule. My guess is there will be an announcement in the next 2 weeks that RC Ventures is acquiring BuyBuyBaby, he couldn't aquire it as an insider.
Also BBBY is now on Reg Sho which means T+13 settlement for FTDs instead of T+35. OPEX next week should be interesting. If they are smart, they will make their announcement Monday PM after market close to time with OPEX clearing on Tuesday.
Also BBBY is now on Reg Sho which means T+13 settlement for FTDs instead of T+35. OPEX next week should be interesting. If they are smart, they will make their announcement Monday PM after market close to time with OPEX clearing on Tuesday.
This post was edited on 8/19/22 at 1:12 pm
Posted on 8/19/22 at 1:19 pm to LSUStjames
quote:
He's not one to simply dump bags on the average joe
quote:
Cohen
You could say he’s the average Joe’s “greatest ally”
Posted on 8/19/22 at 1:26 pm to Triple Bogey
quote:
Make your money and sell
Yep.
When it comes to trading I try not to forget the "sell high" part of "Buy low, sell high".
Posted on 8/19/22 at 1:32 pm to el Gaucho
Yep. I'm really hoping it dips under 10 before close, I will load up on 9/2 calls for cheap.
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