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re: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners
Posted on 1/27/21 at 6:40 pm to Bobby OG Johnson
Posted on 1/27/21 at 6:40 pm to Bobby OG Johnson
Musk's tweet was taken down, SEC threats?
This post was edited on 1/27/21 at 6:47 pm
3
Posted on 1/27/21 at 6:46 pm to hometownhero89
Posted on 1/27/21 at 6:46 pm to Seeker
quote:
I know I will get shite for this, but I have no idea what is going on with GameStop.
Would someone summarize please.
You know how big government leftists always hated the ultra rich? Well now that they’ve successfully infiltrated and are now ultra rich they no longer support the “little guy”.
Basically a bunch of blue collar workers took their stimulus checks, threw a few bucks @ GameStop & fricked the hedge funds. Someone else can probably explain it better.
This post was edited on 1/27/21 at 6:56 pm
Posted on 1/27/21 at 6:46 pm to Freauxzen
AGree but this MSM? HAHAHA!!!!!!!
Posted on 1/27/21 at 6:54 pm to Bobby OG Johnson
so why is there so much space between the tweet and the borders? you starting to stank, baw.
Posted on 1/27/21 at 6:58 pm to BamaScoop
quote:
Guarantee you the SEC steps in and voids the transactions and then they will prosecute the people that made the trades and caused this to happen!
What SEC regulation was broken, there was no fraud, there were millions of transactions made by millions of different people, not a handful of people conspiring together.
Posted on 1/27/21 at 7:01 pm to hometownhero89
No idea pulled it down as it may have been fake or he deleted it.
Posted on 1/27/21 at 7:04 pm to Bobby OG Johnson
quote:
Bobby OG Johnson
Did you screencap it yourself or did you pull it off social media?
Posted on 1/27/21 at 7:06 pm to EA6B
quote:
Guarantee you the SEC steps in and voids the transactions and then they will prosecute the people that made the trades and caused this to happen!
No way in hell that happens, if they do then the market becomes a mass public sham.
Posted on 1/27/21 at 7:15 pm to hometownhero89
Agreed. This will be a hard lesson for both sides once this experiment is over
Posted on 1/27/21 at 7:21 pm to BamaScoop
quote:
Guarantee you the SEC steps in and voids the transactions and then they will prosecute the people that made the trades and caused this to happen!
Nancy and Co can buy options on stock they have insider info making them millions but joe the plumber can’t buy a stock from a tip they get from an Internet forum.
This post was edited on 1/27/21 at 7:22 pm
Posted on 1/27/21 at 7:24 pm to BamaScoop
quote:
Guarantee you the SEC steps in and voids the transactions and then they will prosecute the people that made the trades and caused this to happen!
You guys are terrible at making predictions. The most they will do is fine a few people and put pressure on reddit, twitter, discord, etc to stop it from happening again.
Posted on 1/27/21 at 7:34 pm to hometownhero89
Ironic because Musk's $420 buyout tweet caused the same euphoria but since GS and Citadel made money it's not noteworthy
Posted on 1/27/21 at 7:38 pm to Bobby OG Johnson
Now that's great. Looks like some hedge funds got their hands caught in the cookie jar.
Posted on 1/27/21 at 7:42 pm to Freauxzen
quote:
The media should be all over this for the comon man.
Except the media is owned by the same bankers so.......
Posted on 1/27/21 at 7:45 pm to Bobby OG Johnson
Posted on 1/27/21 at 7:47 pm to Bobby OG Johnson
LINK
This post was edited on 1/29/21 at 11:37 am
Posted on 1/27/21 at 7:48 pm to Seeker
quote:
I know I will get shite for this, but I have no idea what is going on with GameStop.
Would someone summarize please.
Some people who trade stocks discovered that Gamestop's stock was massively shorted (I think 130% of outstanding shares; if everyone took some stock (since it was cheap due to the shorting), the value will go up (which almost certainly turn into profit for them) and the hedge funds who shorted the stock would lose money.
And that's basically what has happened.
Here is a (probably better) article that can explain it.
Posted on 1/27/21 at 7:50 pm to hometownhero89
quote:
Musk's tweet was taken down, SEC threats?
Probably will try to impeach Musk for inciting an economic insurrection....
Posted on 1/27/21 at 7:51 pm to bbrownso
It’s almost like real world Trading Places.
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