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re: Who else is tuned into gamestop?
Posted on 1/27/21 at 11:25 am to the808bass
Posted on 1/27/21 at 11:25 am to the808bass
0
Posted on 1/27/21 at 11:27 am to Privateer 2007
quote:
fundamentally have an issue with short selling.
You borrow shares that some owns and sell them on the market and the buy back later. It increases liquidity and the opportunity for correct valuation.
The only way short sellers are out is if the original owner wants to sell, which would drive down the price to correct valuations. If you despise short sellers, then you should also despise manipulating the stock price with zero valuation.
From a market standpoint, how is this not a pump and dump boiler room situation?
Posted on 1/27/21 at 11:38 am to MattA
quote:
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.
Ironically, being open about their opinions on a public website might turn out to be a defense against manipulation charges that may be ahead.
Posted on 1/27/21 at 11:42 am to cwill
quote:
Some elites are losing, but on the other side:
They took the risk, and left their money in the company, now it is paying off, nothing wrong with that
Posted on 1/27/21 at 11:42 am to Jyrdis
They have already stepped in and blocked TD Ameritrade and other online trading platforms from being able to trade that stock. They will just further regulate the American citizen and insulate themselves and their wealth in order to rig the game in their favor!
Posted on 1/27/21 at 11:45 am to auggie
quote:
Yeah, I understand that, but I think we are going to end up seeing one of those rules of unintended/unforeseen consequences emerge from it somehow.
Once the shorts cover, the price is going to find its rational level, which is way way less than it is now. A lot of those little guys are going to be left holding the bag, and some of them will lose a lot of money. The trick is always figuring out when to jump off the bubble.
Posted on 1/27/21 at 11:45 am to O P Walker
Appears that Andrew Left...took this directly on the chin..huge losses. Really, all a group would need to hold similar action would be examing his recs/portfolio.
Posted on 1/27/21 at 11:47 am to ClampClampington
quote:
The hedge funds will certainly turn to the SEC and probably FBI. It’s basically the same pump n dump scheme you saw in Wolf of Wall Street. There likely is a case to be made for fraud. But it’ll be interesting to see how or if they can differentiate the losses due to the original organizer vs when this thing took a life of its own
There is nothing illegal going on here. They are playing off of publicly available information.
Melvin or Citron (one of the big players) put out a video about why shorting GameStop is a good idea. You can't do that, and then complain when some individuals discuss doing the opposite in a chat room.
Posted on 1/27/21 at 11:48 am to Jyrdis
tulip bulbs.
Posted on 1/27/21 at 11:56 am to MattA
quote:
It’s not just GameStop either.
Did you see this?
quote;
Okay back to the GME story. GME has been in an interesting state of renewal. Trying to find yourself as mall-retail store in the Pandemic must be a little bit difficult and with the digital age, of course the company can be seen as a little bit stale or "out-dated." GME has been doing their best to re-image their self with a new focus for this digital market. Good for them, new CEO successful Billionaire, good ideas to improve. Good on him.
Well GME stock hasn't been anything quite impressive for normal buyers to get into. Under $10s since 2019. No one would really bat an eye on walking past in the mall. ('cept one brass balled man, more on him later). Well during the pandemic some fans of GME who owned stock and were frequent members of reddit's r/WallStreeBets (/WSB/) and 4Chan's /Biz/ discovered that GME's stock was being shorted, and SHORTED MASSIVELLY. They found that the companies shares were shorted over 100%. I will say that again. People borrowed and SOLD more borrowed shares than currently shares available. Oh these people are so f....d
Currently it is running at 130%. These traders were caught SHITTING into the COOKIE JAR
Melvin Capital. They are a Hedge Fund who have been making bank off of shorting stock and manipulating the markets. Definitely caught arse in the jar. One of their biggest target they've Shorted? TELSA. (More on this Later). They've just been banished to the shadow realm because of their short sells RAISING instead of falling.
Hedge funds has lost $92BILLION since January. The word has been spreading and spreading every since. Last Friday was the shot fired at Concord. The shares of GME was Higher than the Short Sell Bet and guess who had to foot the bill? Aha but there is more! The Funds had two options.
A) Admit defeat and buy the borrowed stock back a bunch of people who can't even remember to cut their hair and barely remember how long to microwave tendies.
B) Double Down and Dive Head First... Yeah. They choose this option. They extended the Short Bets till this Friday.
This Friday the Short call expire and IF the STOCK is HIGHER than These people must pay BILLIONS of Dollars. It's going to be a Short Squeeze. Remember how I said the Short was over 130%? Yeah that's going to f over everything. THEY ARE FORCED to buy the stock from the People that kicked their arse with a bunch of sht'y Pelosi and McConnel Stimulus checks...
Now here is where the REAL HYPE begins. Now Twitter, /biz/, and /wsb/ were really only the ones in this event. Maybe the people wanting to make a Pump and Dump. Mr. Spacex himself tweeted this event AFTER TRADING HOURS Elon Musk's tweet cause the price of GME(AND ALL SHORTED TRADES) to bounce higher and harder than Tigger ever could! We're Talking $20 swings multiple times a minute!
GME Stock War Summary & Observation
Posted on 1/27/21 at 12:00 pm to boosiebadazz
quote:
I just read where Steve Cohen is pumping $2 billion or so into the shorting hedge fund to prop them up.
Hey, I am no Booby Axelrod but it sounds like 2 billion will not be enough to prop them up.
Posted on 1/27/21 at 12:57 pm to La Place Mike
quote:
Autists found a way to MEME billions from the Wall Street Hedge funds. Rich Elite are going to loose billions
This post was edited on 1/27/21 at 12:58 pm
Posted on 1/27/21 at 1:34 pm to teke184
yeah, but what if the shorts are warranted. In the case of GME I would bet on a short.
Posted on 1/27/21 at 2:23 pm to VoxDawg
This is the most fun 4chan has been since the Shia lebouf flag days and when they got Chris Dorners cell number and started shite talking him during his spree. Lolz
Posted on 1/27/21 at 2:25 pm to KiwiHead
Shorting isn’t necessarily warranted based on their activity during the pandemic and their restructuring.
And shorting more than 100% of the shares of stock issued is goddamn insane.
And shorting more than 100% of the shares of stock issued is goddamn insane.
Posted on 1/27/21 at 2:28 pm to KiwiHead
quote:
yeah, but what if the shorts are warranted. In the case of GME I would bet on a short.
Maybe it is warranted. And maybe you shouldn’t get butthurt about a cynical practice during a pandemic getting bitchslapped
Posted on 1/27/21 at 2:33 pm to PEEPO
What?! That rose faster than Joe Biden 4Am poll numbers 
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