- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Someone explain this Game Stop deal.
Posted on 1/27/21 at 2:54 pm
Posted on 1/27/21 at 2:54 pm
What the frick?
25
Posted on 1/27/21 at 2:55 pm to Rex Feral
Don't frick with the internet?
Posted on 1/27/21 at 2:55 pm to Rex Feral
It’s called WINNING
Posted on 1/27/21 at 2:56 pm to Rex Feral
frick around and find out
Posted on 1/27/21 at 2:57 pm to Rex Feral
Wall Street is dumb
Reddit figures it out
Profit
Reddit figures it out
Profit
Posted on 1/27/21 at 2:57 pm to Rex Feral
Posted on 1/27/21 at 2:58 pm to Rex Feral
A group of traders on reddit bought up Game Stop stock and ended up screwing some hedge funds who were trying to short that stock. I think that's fair game and I see no problem with it.
Posted on 1/27/21 at 2:59 pm to SG_Geaux
When you bet that a stock will go down, you can lose a lot more than your investment if it goes up. And even more if you've borrowed money to bet on it.
Hedge funds and investment banks have played this game for years and the game is up. They are now getting destroyed by the internet, who is buying the stock to make it go up and sending some of these Wall Street firms hurtling toward bankruptcy.
Of course a lot of Wall Street is getting in on it right now but the ones that bet wrong are getting punished for taking too much risk.
Hedge funds and investment banks have played this game for years and the game is up. They are now getting destroyed by the internet, who is buying the stock to make it go up and sending some of these Wall Street firms hurtling toward bankruptcy.
Of course a lot of Wall Street is getting in on it right now but the ones that bet wrong are getting punished for taking too much risk.
Posted on 1/27/21 at 3:00 pm to Rex Feral
Hedge fund shorts gme, at like 150%
Autists find out, rek them.
Hedge fund gets loan to help out, they double down
Autists triple down
Autists win
Autists find out, rek them.
Hedge fund gets loan to help out, they double down
Autists triple down
Autists win
Posted on 1/27/21 at 3:02 pm to Rex Feral
quote:
What the frick?
you can short a stock where you "borrow" shares at a cost and if the stock loses money, you onlyhave to pay back what was lost. if it gains, you have to make up the difference
i.e. i short 10 stocks at $100 and get $1k. if the stock is $90 at the end of when i say i'll pay you back, i only owe $900 back and i keep $100
if i short 10 stocks at $100 and then they're $200 at the end, i owe $2000 back.
hedgefunds shorted thousands of stock with at $30-$40 and now it's over $300. so they have to buy back at that inflated cost and it's going to cost billions to the hedge funds that shorted the stock.
Posted on 1/27/21 at 3:03 pm to Rex Feral
GME was/is shorted 130% of outstanding stock. In other words there was some frickery going on.
Reddit and 4chan users noticed. Elon Musk noticed. He took interest because the hedge fund that had/has a major short position on GME tried short Tesla a year or so ago and that pissed Elon off.
Reddit and 4chan users with Elon's twitter notice and told people to buy GME. It doesn't take much buying pressure to make a stock skyrocket when there is a 130% short position on the stock.
Reddit and 4chan users noticed. Elon Musk noticed. He took interest because the hedge fund that had/has a major short position on GME tried short Tesla a year or so ago and that pissed Elon off.
Reddit and 4chan users with Elon's twitter notice and told people to buy GME. It doesn't take much buying pressure to make a stock skyrocket when there is a 130% short position on the stock.
Posted on 1/27/21 at 3:03 pm to Konkey Dong
Sounds fair to me... the hedgefunds trying to ruin a company stock... interventionists find out and save it.
serves the hedge funds right
serves the hedge funds right
Posted on 1/27/21 at 3:04 pm to Rex Feral
Posted on 1/27/21 at 3:04 pm to Rex Feral
quote:
What the frick?
The serfs have managed to upset the apple cart, which cannot be allowed...
Posted on 1/27/21 at 3:05 pm to Pintail
quote:
If you're out of the loop - this is the (hilarious) story of a subreddit (wall street bets) taking down a multi-billion dollar hedge fund... get your popcorn ready ??
Posted on 1/27/21 at 3:06 pm to Stealth Matrix
Posted on 1/27/21 at 3:06 pm to Rex Feral
Just watch the end of Trading Places
Posted on 1/27/21 at 3:07 pm to 3nOut
quote:
hedgefunds shorted thousands of stock with at $30-$40 and now it's over $300. so they have to buy back at that inflated cost and it's going to cost billions to the hedge funds that shorted the stock.
And Democrats are huge benefactors of hedge fund contributions so expect some draconian response from the government. Gotta protect the donors.
Posted on 1/27/21 at 3:07 pm to Rex Feral
quote:
What the frick?
The first rule of fight club...
Posted on 1/27/21 at 3:07 pm to Diseasefreeforall
For too long funds used their capital to manipulate opportunities to their financial gain. This exposes how risky some of their moves can be.
Page 1 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News