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Message

re: If the SEC or Fed steps in to help the Wall Street institutions that shorted GME....

Posted on 1/28/21 at 10:10 am to
Posted by OweO
Plaquemine, La
Member since Sep 2009
117625 posts
Posted on 1/28/21 at 10:10 am to
I got 70 downvotes for this comment...
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 1/28/21 at 10:10 am to
Yeah, it seems the loudest complainers right now are the ones trying to make a buck on this, which isn't what this was originally about.
Posted by goofball
Member since Mar 2015
17163 posts
Posted on 1/28/21 at 10:11 am to
A Blue Whale's Vagina is the largest vagina in the world. 5-6 men can actually sleep inside of it. That makes the Blue Whale's Vagina the second biggest pussy in the world after people who sell GME today.



Borrowed that from another website.
Posted by WaterLink
Baton Rouge
Member since Sep 2015
19663 posts
Posted on 1/28/21 at 10:12 am to
quote:

Who?


The guy that you call when you need to make sense of anything.
Posted by slackster
Houston
Member since Mar 2009
89746 posts
Posted on 1/28/21 at 10:13 am to
quote:

How is shorting a stock 140%+ legal again?


, because borrowing a share doesn’t create more shares.

In the simplest terms, if I loan you a rake, then you loan it to a friend, who loans it to another friend, there is still only 1 rake but there are 3 “rakes” that have been borrowed.
Posted by goofball
Member since Mar 2015
17163 posts
Posted on 1/28/21 at 10:13 am to
quote:

Yeah, it seems the loudest complainers right now are the ones trying to make a buck on this, which isn't what this was originally about.



I bought out of principle today. But the stock is moving up.

I can't lose more than the share price (and I don't care if I do). But the theoretical potential loss for shorts are infinite. They are going to short more at the higher price to shore up their loss until they are tapped out.

All people really need to do is not sell for a while.
Posted by slackster
Houston
Member since Mar 2009
89746 posts
Posted on 1/28/21 at 10:17 am to
quote:

Yeah, it seems the loudest complainers right now are the ones trying to make a buck on this, which isn't what this was originally about.


The vast majority of people who own GME right now bought it to make money. The idea that they were doing this to stick it to Melvin Capital is a nice cover story, but it’s absurd for anyone to think GME went to $483 because WallStreetBets was willing to lose their money just to prove a point.

This was the most brilliant pump and dump cover story I’ve ever heard.
This post was edited on 1/28/21 at 10:18 am
Posted by slackster
Houston
Member since Mar 2009
89746 posts
Posted on 1/28/21 at 10:19 am to
quote:

I can't lose more than the share price (and I don't care if I do).


You represent about .1% of GME shareholders. Good luck.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 1/28/21 at 10:24 am to
quote:

Class action lawsuit incoming. This is straight up market manipulation by Citadel.


But will be crushed by the big money GOBN I'm sure.

Here's what is sickening. Big money shorts a dying company just to watch it die and make a mint. Little retailer played their game, essentially won but the GOBN - that same group who "cares about America and the common man" does anything possible to keep the club in tact. Real people with little money to lose don't matter today. No one is going to help. It's all in now to manipulate the market for the sake of the whales.

Here's your so-called civil war. Wall St. It's not boys playing girl's sports.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6204 posts
Posted on 1/28/21 at 10:27 am to
quote:

Robinhood et al isn’t stopping you from buying GME so they can appease some hedge fund,


They absolutely are. They operate through Citadel who bailed out Melvin Capital and probably increased their short position last night.

quote:

The only reason GME can fall 30% like it is now is because retail investors are selling. It’s not shorts driving it down.


Because through the platforms you can no longer buy, you can only sell. When only sells can be executed then of course the price is going to go down. WTF are you even talking about?
Posted by GreatLakesTiger24
Member since May 2012
57861 posts
Posted on 1/28/21 at 10:27 am to
$GME $132.00
Posted by goofball
Member since Mar 2015
17163 posts
Posted on 1/28/21 at 10:30 am to
quote:


Because through the platforms you can no longer buy, you can only sell. When only sells can be executed then of course the price is going to go down. WTF are you even talking about?


It's likely going to fall due to market manipulation by those platforms restricting buy orders but not sell. I was able to buy a couple of shares this AM (I don't use robinhood), but I'm not throwing in more than that.
This post was edited on 1/28/21 at 10:33 am
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 1/28/21 at 10:31 am to

Freaking bullshite what Robinhood has done.
Posted by slackster
Houston
Member since Mar 2009
89746 posts
Posted on 1/28/21 at 10:32 am to
quote:

Because through the platforms you can no longer buy, you can only sell. When only sells can be executed then of course the price is going to go down. WTF are you even talking about?


, you think shorts are closing their positions through Robinhood?

Let me ask you a simple question - do you know what a short squeeze is?

Today’s action proves one thing that was becoming pretty obvious - GME was going up the last couple days because retail investors were buying it from other retail investors. It wasn’t short covering, it was a brutal, never before seen pump and dump. WallStreetBets fleeced the frick out of Melvin Capital AND mom and pops. That’s pretty impressive.
Posted by goofball
Member since Mar 2015
17163 posts
Posted on 1/28/21 at 10:34 am to
quote:

Here's your so-called civil war. Wall St. It's not boys playing girl's sports.



Probably the most intelligent observation you've posted on the OT, Sao.

The nuns in elementary school always told me I was hopeless and going to hell, but maybe there's hope for you.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6204 posts
Posted on 1/28/21 at 10:34 am to
I'm not talking about the shorts. I'm talking about when you restrict the power to execute a buy then you essentially create a panic among retail traders who exit their positions. How is essentially capping a stock price not considered market manipulation?
Posted by Ronaldo Burgundiaz
NWA
Member since Jan 2012
6692 posts
Posted on 1/28/21 at 10:38 am to
Posted by goofball
Member since Mar 2015
17163 posts
Posted on 1/28/21 at 10:45 am to
quote:

You represent about .1% of GME shareholders. Good luck.



There's a lot of this going on.

What scares me and prevents me from investing more than just play money is that if the platforms can throttle buys so easily, they could eventually do the same for the sell activity.
Posted by slackster
Houston
Member since Mar 2009
89746 posts
Posted on 1/28/21 at 10:47 am to
quote:

I'm not talking about the shorts. I'm talking about when you restrict the power to execute a buy then you essentially create a panic among retail traders who exit their positions. How is essentially capping a stock price not considered market manipulation?


It’s no more market manipulation than GME getting up the $483.

That panic among retail investors is precisely why these things get halted. There a shite ton of tools in GME right now, and unfortunately, their uneducated selves is why we can’t have nice things. All of these regulations are basically designed to protect idiots, and the only reason GME is sitting at down 40% is because those idiots don’t know what they’re doing.
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
68123 posts
Posted on 1/28/21 at 10:48 am to
Zip it. You're just a one trick pony who has all eggs in a MAGA basket. Which is fine. I've chosen for years not to choose populist political sides. When I see bullshite, I post about it. Try it sometime. Think about that when you post another thread about a Lib slanted outrage topic.
This post was edited on 1/28/21 at 10:49 am
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