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Posted on 1/27/21 at 8:23 am to Jyrdis
quote:
Robin Hood traders started buying GameStop stock like crazy because it was heavily shorted. This squeezed shorts (hedge funds and other assholes) and has caused the stock price to “shoot to the moon.” It’s a giant f u to Wall Street and some people are making out very nicely non options and trades.
Some people are not going to make out nicely but it’s their dice to role. Wanna play the game you better pay attention.
Regardless it’s been fun and interesting to watch. It’s market manipulation from a different end. It’s become almost like crowd sourced market manipulation.
Posted on 1/27/21 at 8:55 am to Nosevens
quote:
You would think . But for all those that buy short right now you have the big risk of it going even higher . As 2.7 billion was used to buy additional short shares yesterday I believe just from one hedge fund you had even Elon Musk come in and purchase long and told T-shirt’s to eat crap .
But it is going to crash at some point. It is a no questions asked, plain as day bubble...it isn't like the tech bubble or the O&G bubble that maybe a few saw coming, but most only saw after it popped. As soon as a few significant hodlers decide to cash in, it's going off a fricking cliff.
Posted on 1/27/21 at 8:57 am to auggie
quote:
It's gonna backfire.
Govt will be along soon to regulate the shite out of it to protect wall st and screw regular people
Posted on 1/27/21 at 8:57 am to Bobby OG Johnson
DOW down 461....Gamestop up 97% for the day
Posted on 1/27/21 at 9:09 am to IT_Dawg
Are the hedge funds liquidating their other stocks to prop up their positions on GameStop?
Posted on 1/27/21 at 9:10 am to Bobby OG Johnson
High volume of e-traders or DDOS attacks by the hedge funds?
Posted on 1/27/21 at 9:15 am to teke184
quote:
High volume of e-traders or DDOS attacks by the hedge funds?
Posted on 1/27/21 at 9:29 am to Dawgfanman
quote:
This storming of GameStop is the financial equivalent of the US capital event. It’s got them shook as frick and someone has to pay.
This. The elites don’t like it when regular people remind them that we still have more power than them if we choose to use it
Posted on 1/27/21 at 9:32 am to Ailsa
Headline “NASDAQ shuts down over shitty video game retailer”
Posted on 1/27/21 at 9:38 am to teke184
quote:
Reddit Investors
@redditinvestors
Elon Musk is shilling GameStop because Melvin Capital shorted Tesla a long time ago and bragged about it.
Posted on 1/27/21 at 9:39 am to teke184
quote:
Are the hedge funds liquidating their other stocks to prop up their positions on GameStop?
Assuredly they are puking some longs. Melvin is apparently not the only hedge fund looking for a bailout
This post was edited on 1/27/21 at 9:41 am
Posted on 1/27/21 at 9:46 am to Bobby OG Johnson
The finance bros at Melvin will be fine...they'll still get their fees and move on to another fund. It wasn't really their money on the line. The real losers will be the LPs in the fund - the pension/retirement funds from various companies and unions (teachers, firefighters, cops etc).
Posted on 1/27/21 at 9:47 am to LuckyTiger
It’s not just GameStop either. The Reddit boys are doing it to blackberry, AMC, Nokia and a few others. Not like they are quiet about it lol. It def is a middle finger and an effective one at that.
Posted on 1/27/21 at 9:48 am to auggie
quote:They are playing the game that Hedgefunds play and it is putting a hudge fund out of business. They have their eye on others too. It is the greatest thing to happen to the financial markets in a while.
Some reddit people are manipulating stock prices of gamestop and driving it through the roof.
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