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re: Who else is tuned into gamestop?

Posted on 1/27/21 at 8:13 am to
Posted by Nosevens
Member since Apr 2019
10265 posts
Posted on 1/27/21 at 8:13 am to
The Hunts tried to corner Silver in the 1980’s . It worked for them until they finally had it average on them
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45171 posts
Posted on 1/27/21 at 8:23 am to
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 by cwill
Member since Jan 2005
54752 posts
Posted on 1/27/21 at 8:55 am to
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 by Bobby OG Johnson
Member since Apr 2015
24738 posts
Posted on 1/27/21 at 8:56 am to
Posted by deltaland
Member since Mar 2011
90541 posts
Posted on 1/27/21 at 8:57 am to
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 by IT_Dawg
Georgia
Member since Oct 2012
21749 posts
Posted on 1/27/21 at 8:57 am to
DOW down 461....Gamestop up 97% for the day
Posted by Bobby OG Johnson
Member since Apr 2015
24738 posts
Posted on 1/27/21 at 9:09 am to
Posted by teke184
Zachary, LA
Member since Jan 2007
94918 posts
Posted on 1/27/21 at 9:09 am to
Are the hedge funds liquidating their other stocks to prop up their positions on GameStop?
Posted by teke184
Zachary, LA
Member since Jan 2007
94918 posts
Posted on 1/27/21 at 9:10 am to
High volume of e-traders or DDOS attacks by the hedge funds?
Posted by Ailsa
Member since May 2020
3563 posts
Posted on 1/27/21 at 9:15 am to
Posted by Bobby OG Johnson
Member since Apr 2015
24738 posts
Posted on 1/27/21 at 9:15 am to
quote:

High volume of e-traders or DDOS attacks by the hedge funds?

Posted by deltaland
Member since Mar 2011
90541 posts
Posted on 1/27/21 at 9:29 am to
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 by teke184
Zachary, LA
Member since Jan 2007
94918 posts
Posted on 1/27/21 at 9:32 am to
Headline “NASDAQ shuts down over shitty video game retailer”
Posted by Bobby OG Johnson
Member since Apr 2015
24738 posts
Posted on 1/27/21 at 9:38 am to
quote:

Reddit Investors
@redditinvestors

Elon Musk is shilling GameStop because Melvin Capital shorted Tesla a long time ago and bragged about it.
Posted by ClampClampington
Nebraska
Member since Jun 2017
3966 posts
Posted on 1/27/21 at 9:39 am to
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 by Ailsa
Member since May 2020
3563 posts
Posted on 1/27/21 at 9:40 am to
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
45171 posts
Posted on 1/27/21 at 9:43 am to

Posted by cwill
Member since Jan 2005
54752 posts
Posted on 1/27/21 at 9:46 am to
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 by MattA
Member since Nov 2019
1597 posts
Posted on 1/27/21 at 9:47 am to
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 by TigerTatorTots
The Safeshore
Member since Jul 2009
80765 posts
Posted on 1/27/21 at 9:48 am to
quote:

Some reddit people are manipulating stock prices of gamestop and driving it through the roof.

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.
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