Gamestop

Makobra

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I find it amazing how a nations economy which so happens to be one of the greatest economies in the world can be so dysfunctional.
I'm no economic so I wouldn't understand it all even if explained to me but the 2008 crash was due to a dysfunctional economic system and this case is the same.
But in this case it's the people who triggered the effect of a dysfunctional system which has been exploited for a very long time by the big boys in Wall Street.

I find it hilarious to be honest and I want Reddit to win this.
Make a statement that you can't **** with the masses.
Yesterday's attempts by RH and others was a true power demonstration by Wallstreet and now that they've shown their whole playing hand, I hope the masses will win this.
Unfortunately I can't participate in it but I promise you, Europe is on your side!

I hope they not only win but they keep doing it. this is 5th generational warfare.
 

04DeadShort

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Of course.
956b387cdd92e7aebd109c4503b99c7c.jpg


Sent from my SM-S215DL using Tapatalk
 

venmos1

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How has this sort of thing never happened before? Band everyone together, but up a stock, over inflate the value and cash out. I'm new to trading, so what am I missing? And at the same time, how can anyone legally stop free trade like this?
 

SecondhandSnake

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How has this sort of thing never happened before? Band everyone together, but up a stock, over inflate the value and cash out. I'm new to trading, so what am I missing? And at the same time, how can anyone legally stop free trade like this?

Oh it's happened before, but now it's bad because it's a bunch of small dollar idiots doing it to intentionally spite a big hedge fund. If a hedge fund of investment group does it, it's ok.

And they're free to "legally" deny people business trading on these stocks, just like all the social media sites can all legally deny service to groups talking about it, or other "undesirable" political groups... Crazy to see even google covering for Robinhood and deleting the bad reviews for them.

As George Carlin said, "it's a big club, and you and I ain't in it."
 

venmos1

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Oh it's happened before, but now it's bad because it's a bunch of small dollar idiots doing it to intentionally spite a big hedge fund. If a hedge fund of investment group does it, it's ok.

And they're free to "legally" deny people business trading on these stocks, just like all the social media sites can all legally deny service to groups talking about it, or other "undesirable" political groups... Crazy to see even google covering for Robinhood and deleting the bad reviews for them.

As George Carlin said, "it's a big club, and you and I ain't in it."
Why are you saying it's just a bunch of small dollar idiots? Isn't trading stocks a platform to make money? Sell for more than you buy and profit? What is the investment amount where one graduates from idiot status to ....whatever is higher up?
 

SecondhandSnake

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Why are you saying it's just a bunch of small dollar idiots? Isn't trading stocks a platform to make money? Sell for more than you buy and profit? What is the investment amount where one graduates from idiot status to ....whatever is higher up?

I think you misinterpreted the perspective of that statement. I'm highlighting that the big dollar traders are upset that smaller investors are doing the exact kind of thing they do on a regular basis, costing them money, and they're pissed. You can see they've got a sentiment of "Nooooooo! You can't do that! Only we can do that!"
 

FJohnny

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How has this sort of thing never happened before? Band everyone together, but up a stock, over inflate the value and cash out. I'm new to trading, so what am I missing? And at the same time, how can anyone legally stop free trade like this?

It's good to ask questions instead of jumping on the bandwagon.

This whole thing is being sold as a way to screw the rich, crooked hedge fund guys and make a shit ton of easy cash. They want you to think the regulators are only shutting it down to help the rich guys.

In reality it's a classic pyramid scheme. And 'they' halt trading to protect you, not the rich guys.

Here's how it works: Someone buys a bunch of game stop. They put out the story on reddit about the hedge fund guys. Everyone wants to screw them, right? The big buying starts and the price rockets. Social media savvy guys get the story out big and the MSM picks it up.

Going viral now. $4 goes to $300. The original guys already sell off enough to make a killing, maybe keep some to show good faith to the shills left who are still considering jumping in. Gives them deniability at the end when they claim they got caught, too.

We all know the stock is only worth $4. The hedge fund guys have already bought options to cover themselves on the price increase or are rich enough to wait it out. They know it will plummet. Some will get caught but most will be fine.

Who gets hurt? Everyone who bought in above $4 and still holding when the crash hits. The little guy who took house equity and put in $50K at $200/share. The sad thing is that right now he still thinks he made a good move... On paper he's still up 50%.

There will be winners, sure. But for every $ made, someone else has to lose. And mostly it will be the huge number of little guys whose small share purchases drove the price up. If you time it right, you win. If you are a moment late, you will be left holding the bag. The big winners are the guys who started the reddit thing and got in first.

Good luck.
 

venmos1

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I think you misinterpreted the perspective of that statement. I'm highlighting that the big dollar traders are upset that smaller investors are doing the exact kind of thing they do on a regular basis, costing them money, and they're pissed. You can see they've got a sentiment of "Nooooooo! You can't do that! Only we can do that!"
gotcha. thats why i asked. couldnt make sense of that stance. thanks for clarifying
 

Rb0891

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It's good to ask questions instead of jumping on the bandwagon.

This whole thing is being sold as a way to screw the rich, crooked hedge fund guys and make a shit ton of easy cash. They want you to think the regulators are only shutting it down to help the rich guys.

In reality it's a classic pyramid scheme. And 'they' halt trading to protect you, not the rich guys.

Here's how it works: Someone buys a bunch of game stop. They put out the story on reddit about the hedge fund guys. Everyone wants to screw them, right? The big buying starts and the price rockets. Social media savvy guys get the story out big and the MSM picks it up.

Going viral now. $4 goes to $300. The original guys already sell off enough to make a killing, maybe keep some to show good faith to the shills left who are still considering jumping in. Gives them deniability at the end when they claim they got caught, too.

We all know the stock is only worth $4. The hedge fund guys have already bought options to cover themselves on the price increase or are rich enough to wait it out. They know it will plummet. Some will get caught but most will be fine.

Who gets hurt? Everyone who bought in above $4 and still holding when the crash hits. The little guy who took house equity and put in $50K at $200/share. The sad thing is that right now he still thinks he made a good move... On paper he's still up 50%.

There will be winners, sure. But for every $ made, someone else has to lose. And mostly it will be the huge number of little guys whose small share purchases drove the price up. If you time it right, you win. If you are a moment late, you will be left holding the bag. The big winners are the guys who started the reddit thing and got in first.

Good luck.
Uhh. Not so sure the hedge fund guys are covered as you noted. The would not be scrambling for lines of credit and freaking out if they were. But yes, some are going to get burned eventually.
 

rotor_powerd

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It's good to ask questions instead of jumping on the bandwagon.

This whole thing is being sold as a way to screw the rich, crooked hedge fund guys and make a shit ton of easy cash. They want you to think the regulators are only shutting it down to help the rich guys.

In reality it's a classic pyramid scheme. And 'they' halt trading to protect you, not the rich guys.

Here's how it works: Someone buys a bunch of game stop. They put out the story on reddit about the hedge fund guys. Everyone wants to screw them, right? The big buying starts and the price rockets. Social media savvy guys get the story out big and the MSM picks it up.

Going viral now. $4 goes to $300. The original guys already sell off enough to make a killing, maybe keep some to show good faith to the shills left who are still considering jumping in. Gives them deniability at the end when they claim they got caught, too.

We all know the stock is only worth $4. The hedge fund guys have already bought options to cover themselves on the price increase or are rich enough to wait it out. They know it will plummet. Some will get caught but most will be fine.

Who gets hurt? Everyone who bought in above $4 and still holding when the crash hits. The little guy who took house equity and put in $50K at $200/share. The sad thing is that right now he still thinks he made a good move... On paper he's still up 50%.

There will be winners, sure. But for every $ made, someone else has to lose. And mostly it will be the huge number of little guys whose small share purchases drove the price up. If you time it right, you win. If you are a moment late, you will be left holding the bag. The big winners are the guys who started the reddit thing and got in first.

Good luck.

You forgot the part where hedge funds have shorted GME for more shares than are physically available. They are going to be the ones to get burned if the trend holds
 

AustinSN

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It's good to ask questions instead of jumping on the bandwagon.

This whole thing is being sold as a way to screw the rich, crooked hedge fund guys and make a shit ton of easy cash. They want you to think the regulators are only shutting it down to help the rich guys.

In reality it's a classic pyramid scheme. And 'they' halt trading to protect you, not the rich guys.

Here's how it works: Someone buys a bunch of game stop. They put out the story on reddit about the hedge fund guys. Everyone wants to screw them, right? The big buying starts and the price rockets. Social media savvy guys get the story out big and the MSM picks it up.

Going viral now. $4 goes to $300. The original guys already sell off enough to make a killing, maybe keep some to show good faith to the shills left who are still considering jumping in. Gives them deniability at the end when they claim they got caught, too.

We all know the stock is only worth $4. The hedge fund guys have already bought options to cover themselves on the price increase or are rich enough to wait it out. They know it will plummet. Some will get caught but most will be fine.

Who gets hurt? Everyone who bought in above $4 and still holding when the crash hits. The little guy who took house equity and put in $50K at $200/share. The sad thing is that right now he still thinks he made a good move... On paper he's still up 50%.

There will be winners, sure. But for every $ made, someone else has to lose. And mostly it will be the huge number of little guys whose small share purchases drove the price up. If you time it right, you win. If you are a moment late, you will be left holding the bag. The big winners are the guys who started the reddit thing and got in first.

Good luck.

Certain brokers give you access to see the amount of call/put activity.

Some of them are probably retail, but most of them are huge hedge funds like Melvin.

They wouldn't have borrowed $2.75b a couple weeks back if they weren't losing their asses lol.
 

Rb0891

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Certain brokers give you access to see the amount of call/put activity.

Some of them are probably retail, but most of them are huge hedge funds like Melvin.

They wouldn't have borrowed $2.75b a couple weeks back if they weren't losing their asses lol.
Yes, this may limit shorting in the future, given how easy they have shown it to scorch the shorters.
 

13COBRA

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Yes, this may limit shorting in the future, given how easy they have shown it to scorch the shorters.

I think it will limit long term shorters... but short term shorters are where the money is anyways.
 

DSG2003Mach1

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so did these guys know who was trying to short gamestop or could they just see the data in aggregate somewhere that there was a huge short against them?
 

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