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re: 4Chan breaks the "Gamestop Crisis" down for you, as only they can
Posted on 1/28/21 at 8:02 am to antibarner
Posted on 1/28/21 at 8:02 am to antibarner
quote:
They can potentially make big bucks if I understand this right with a very small initial investment. They are much better at the game than the Ivy League educated crowd and have caught them with their pantaloons down.
Indeed they can smoke Wall Street good if left unchecked. And they are doing it within the rules.
How do you make money buying a $20 stock for $300, they may have screwed the Hedge funds that were shorting but someone is holding the bag for sending the message.
1
Posted on 1/28/21 at 8:02 am to antibarner
quote:
And they are doing it within the rules.
but they're not
Posted on 1/28/21 at 8:05 am to CarrolltonTiger
At this point, the smart money isn’t in GameStop buying, it is looking for the next target like BlackBerry, Nokia, AMC, etc.
Posted on 1/28/21 at 8:06 am to SlowFlowPro
quote:
but they're not
It's illegal to talk to people about stocks and go in on a short squeeze?
Posted on 1/28/21 at 8:06 am to DesScorp
All the retail apps are preventing customers from buying the meme stocks right now.
Posted on 1/28/21 at 8:07 am to JOHNNY HUNGEE
quote:
A lady on fox business called it cyber bullying of hedge fund managers lmao
The best thing that can come out of this are people realizing that the powerful do not care about most of America except at election time. They care about wealthy and powerful people. I am not some hardcore lefty (quite conservative) but the uni-party has got to go. That is why Trump's message resonated so well and why they had to destroy him.
Posted on 1/28/21 at 8:07 am to BiteMe2020
And if coordination on a public forum is illegal to do a short squeeze based on public information, how is it legal for multiple hedge funds to do a raid on a stock in order to short it and reap the profits?
Posted on 1/28/21 at 8:09 am to BiteMe2020
quote:
It's illegal to talk to people about stocks and go in on a short squeeze?
it's illegal to coordinate with people to buy/sell securities with the intent to affect the price in order to induce others to buy/sell the securities.
Posted on 1/28/21 at 8:09 am to Stealth Matrix
Yeah, like that will end well.
People may not be pushing it higher but it will sit until the call date on the shorts.
Hedge funds will have locked in losses of about $320+ per share.
People may not be pushing it higher but it will sit until the call date on the shorts.
Hedge funds will have locked in losses of about $320+ per share.
Posted on 1/28/21 at 8:09 am to teke184
quote:
how is it legal for multiple hedge funds to do a raid on a stock in order to short it and reap the profits?
that all depends on how the information was exchanged
Posted on 1/28/21 at 8:10 am to SlowFlowPro
You mean like hedge funds doing a massive coordinated short to try and scare other stock owners into selling so they could buy low?
Posted on 1/28/21 at 8:11 am to SlowFlowPro
quote:
that all depends on how the information was exchanged
People sitting in a coffee shop talking, or in a virtual equivalent of the same.
The short interest was public knowledge.
Posted on 1/28/21 at 8:14 am to teke184
I bought 1 share this morning just for shites and giggles, lol.
Posted on 1/28/21 at 8:14 am to BiteMe2020
quote:
People sitting in a coffee shop talking, or in a virtual equivalent of the same.
The short interest was public knowledge.
we're talking about the hedge funds. if they coordinated in this manner, it's illegal, too. likely they will have other explanations
the same reason how reddit found out these companies were exposed is likely how. many of these positions are not secret and people follow suit
what happened on Reddit was different. it was clearly a coordinated effort to increase the price of the stock in order to get people to buy more to increase the price of the stuck. that's illegal.
is it fair? no, but our system is built to prevent this sort of collaboration and our regulations/laws don't specifically cover the ability of one person to influence millions in minutes. the existing laws/regs will not like this behavior
Posted on 1/28/21 at 8:20 am to SlowFlowPro
These are all the fricks I give.
Behold all my fricks!
We basically have similar behaviors by two groups and the one who initially acted in the wrong is crying foul because someone used their techniques against them.
When individual investors get fricked by hedge funds, the SEC normally doesn’t get involved.
Behold all my fricks!
We basically have similar behaviors by two groups and the one who initially acted in the wrong is crying foul because someone used their techniques against them.
When individual investors get fricked by hedge funds, the SEC normally doesn’t get involved.
Posted on 1/28/21 at 8:23 am to SlowFlowPro
quote:
we're talking about the hedge funds. if they coordinated in this manner, it's illegal, too. likely they will have other explanations
Ahh, I thought the argument was that the Reddit discussions and subsequent investments were illegal.
quote:
the same reason how reddit found out these companies were exposed is likely how. many of these positions are not secret and people follow suit
Well, the short share interest % is public information. It might be public information which hedge funds were heavily shorting, not sure there.
quote:
what happened on Reddit was different. it was clearly a coordinated effort to increase the price of the stock in order to get people to buy more to increase the price of the stuck. that's illegal.
Alternatively, it was a coordinated effort to conduct a short squeeze, which is a legit strategy. I still don't see how that would be illegal. Discussing buying stocks with someone - in public - doesn't seem especially conspiratorial, lol.
quote:
is it fair? no, but our system is built to prevent this sort of collaboration and our regulations/laws don't specifically cover the ability of one person to influence millions in minutes. the existing laws/regs will not like this behavior
Well, to qualify that - they don't like that behavior by the peons.
This post was edited on 1/28/21 at 8:24 am
Posted on 1/28/21 at 8:25 am to DesScorp
Good. frick these hedge fund bastards. Let them eat cake in their bankruptcies.
Posted on 1/28/21 at 8:25 am to Roger Klarvin
As an older millennial that has been plagued by bad boomer leadership; I love this.
Posted on 1/28/21 at 8:31 am to SlowFlowPro
quote:so Elon Musk is playing with fire?
what happened on Reddit was different. it was clearly a coordinated effort to increase the price of the stock in order to get people to buy more to increase the price of the stuck. that's illegal.
Posted on 1/28/21 at 8:33 am to chalmetteowl
quote:
so Elon Musk is playing with fire?
i would imagine it's the originators of the idea more than those commenting once the cat is out of the bag
there isn't only potential criminal liability. people are going to be sued into oblivion because of this
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