re: Someone explain this Game Stop deal.

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tried to short Tesla a year or so ago and that pissed Elon off.

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Not only did they short Tesla, they bragged about it. I’m not a legal expert, but it sure seems like some chickens coming home to roost.

frick them

This is going to make for a hell of a movie some day.

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This is going to make for a hell of a movie some day.

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Lol. the autist from The big Short, IE the guy Christian Bale played got in on the side of the autists as well. This is pretty hilarious all around. Best part? "thehy" tried to get the stock to halt trading but its an enforcement nightmare for the SEC because nothing these folks are doing is illegal. Its basically a big tip from your pal.

Exactly. GameStop itself as a company is largely irrelevant it’s just a vehicle.

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What people are not talking about is how some of these billionaire hedge funds will need to sell all their other stocks to cover their losses on the stocks that were heavily shorted. In turn that will cause the market to panic or have a flash crash as sell limits will get executed. Mutual funds and ETFS will both drop. Everyone cheering for this must not be aware of the agenda of a great reset. While I am glad that corrupt billionaires are losing money this is one giant step closer to a very bad breaking point. Something else that might occur is the SEC halting the stock entirely which may lock up the savings of some people who actually need their money because the amount of "all ins" that I have been seeing is alarming. Yes a lot of them are the younger generation but some say they are managing the money of their parents or grandparents.

Keep in mind the reason this is happening is over 130% of the shares available have been shorted. That's illegal but the SEC doesn't give a shite cause they're there to protect the elites. I will paste what I commented in another thread below

The situation is very volatile. Here's the problem, it's not even a mid-cap stock. Everyone knows it's a penny stock but it's being valued at this point even above a mid-cap since that should be 10b at most (It's currently valued at 20b and was worth over 25b hours ago). Tesla is another great example of a stock that is overly inflated beyond belief. It went from about 40b in marketcap a year and half ago to 830b now. While Tesla is a great company it's extremely overvalued.. Zoom has a market cap of over 110b when it should not be nearly worth that much.

Where did all this money come from? It's from the FED pumping the market too much to the point where it is not sustainable. You also have a bunch of other companies who had an IPO within the last 6 months such as SNOW, RKT, PLTR, LMND, etc which are all boosting the market to new highs when they may be legit companies but the valuations are all wrong. You have a complete fraudulent companies on the market such as Nikola which is literally a giant scam. It's worth 10b in marketcap. The SEC doesn't give a damn and don't get me started about how them and the DOJ are investigating them because they have not done jack shite yet.

Covid was created by China to do multiple things. Thin the herd since it targeted the elderly, help biden's election since it hurts Trump, and crash the market. The fed was injecting tons of repo funds this entire time to keep the market afloat. It was both good and bad but personally I think they overdid it. They probably should have let it come back at a natural rate but instead we got a giant V shape recovery.

This is a giant storm that has been forming which may ultimately lead to the "great reset" which I hope it will not. Keep in mind all these analysts are telling everyone it's a bull market now that Biden is in when it will be the exact opposite unless the military gets involved. The market under Biden is designed to crash.

Wall Street hedge funds have been waging a war on retail businesses. These hedgefunds placed huge shorts on Gamestop, basically betting the company would die. This is a logical conclusion because Gamestop's business model is about to be destroyed by the fact that the latest generation of gaming consoles are phasing out physical game discs in favor of a direct download/streaming model that will basically eliminate Game Stop as a middle man as well as eliminate the used game industry, of which, Game Stop is king.

So, a bunch of folks on Reddit realized that if they all bought a little stock in a company which hedgefunds were heavily shorting, they could cause the price to jump and make the hedgefund lose a LOT of money. So, a bunch of redditors each spend $50-$150 to buy Game Stop stock because it had been shorted so severely that it's trading price was low and it has a little nostalgia as a video game store.

This caused the price to explode and hedgefunds to PANIC. As people saw that just ordinary people could make MASSIVE impacts to the stock price, more trolls and legit day traders joined their fight to basically meme the stock price into the stratosphere, causing investment houses to lose nearly 100 BILLION Dollers this month. Those redditors realized that they could do the same with other companies being heavily shorted so they've started branching out, literally buying shorted companies not as an investment strategy, but as a massive f&%k you attack on wall street hedgefunds.

These hedgefunds could lose hundreds of BILLIONS, maybe even $1 trillion or more, before all of this fun and games is over. It's gotten so bloody that TD Ameritrade has suspended trading on Game Stop and several other stocks to try and slow the bleeding, but the redditers sense blood and are getting relentless.

All I know is reddit user DeepfrickingValue turned 50K into $48Million

It's all funny money.