/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

And on Holocaust Remembrance Day, too.

Stonks go this high.
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Melvin have tried to screw over Elon musk by shorting Tesla as well. At this level such things are used as weapons to crush people. So it’s informative to unravel the web of who owes who what, and whose money Melvin were playing with.
There was also a screenshot in /pol/ that said Melvin have just seven customers and it kind of implied they were individuals. It would be very interesting to see who those customers were. Another poster speculated they could be other brokers/funds in the general rat king of hedge fund invest, but I wonder if it’s possible to see WHO has lost billions just from this?
 
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Otterly said:
There was also a screenshot in /pol/ that said Melvin have just seven customers and it kind of implied they were individuals. It would be very interesting to see who those customers were. Another poster speculated they could be other brokers/funds in the general ratcling of hedge fund invest, but I wonder if it’s possible to see WHO has lost billions just from this?
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The danger for your average-Joe-on-the-street in this sort of financial upheaval is that a decent amount of pension funds (~20% in US/EU, ~40% in JP) invest in hedge funds as part of their portfolio. If the hedge goes belly up, your pension may lose a chunk of its value.
 
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Otterly said:
Melvin have tried to screw over Elon musk by shorting Tesla as well. At this level such things are used as weapons to crush people. So it’s informative to unravel the web of who owes who what, and whose money Melvin were playing with.
There was also a screenshot in /pol/ that said Melvin have just seven customers and it kind of implied they were individuals. It would be very interesting to see who those customers were. Another poster speculated they could be other brokers/funds in the general ratcling of hedge fund invest, but I wonder if it’s possible to see WHO has lost billions just from this?
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If it was just 7 vampires, like if that story broke. . .
Kekekekkekekekekekekeke

Reactor said:
Meanwhile...

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I love me some yield curves.
 
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Yeah, we are told this over here (maybe to stop people doing this) - it’d be unusual to have total exposure to one fund though wouldn’t it? All eggs in one basket etc?
I want to know who Melvin’s money comes from, and if any of them are individuals, or shells for individuals, because aggressively shorting musk the way they did seems personal. There are easier targets that would normally fly under the radar IYSWIM.
 
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Route 79 said:
I don't see what they can do other than banning naked calls/puts.
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And why should a hedge fund even be allowed to pretend to borrow a stock that is unavailable? Every call/put should be matched to an actual existing share. They can code limit breaks in the exchanges, this should be trivial

Fyi, this has been a problem since Obama bailed out the banks for foolish bets on houses
 
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Reminder that WSB describes itself as "If 4chan found a bloomberg terminal" and is wholly dedicated to retarded faggotry and gay autism.
One of the guys made 22mil with just 50k on the back of his gamestop gamble.
They won't stop.
It will take SEC/Stock brokerage intervention to stop them.
It's like a classic 4chan raid but instead of taking down that one polling site, they would need to take down the entire stock market.
 
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Super Book said:
I'm glad people are finally waking up to the fact that the stock market is just one giant meme
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People should've realized it when the stock market kept rising exponentially even though the nation's economy either stalled out or regressed.

It bounced back in the middle of fucking lockdowns and millions out of work/unsure they'll have a job in the future.
 
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The best part so far has been that pajeet vs CNBC. The CNBC anchor basically believes that stock prices should be decided upon by the "smart money" and "actual investors", which simply means the people that are already billionaires should be able to make billions off deciding to make billions because what they believe is valuable can simply become valuable if they put money into it.

Then he has the balls to say that he cares about the people investing that stand to lose money while also saying it's unfair to the market and that he believes that shorting figures should be kept private.
 
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DerSandstrom said:
Only a matter of time before there are more "regulations" to make sure shit like this never happens again.

The rich and powerful hate to be cheated at their own games.

I hope it keeps going, though.
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Doubtful. Naked shorting should have been stomped out when Obama tarped the banks. Turns out that banks like gambling, so it stays legal for them
 
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Yaito-Chan said:
You fucking idiots REALLY don’t understand how serious this is do you? You’re causing major institutions to lose billions of dollars and might even cause the grandparent loaning bank to go under. People will lose their homes, people’s mortgages and investments will be impacted as a result. There is a loser on every trade and mark our words at the end of the day it WILL be you

Enjoy retaining a lawyer and fighting off discovery for the next five years. Was it worth ruining your life for a 10x? Good luck explaining why you’re using words like “Jew” and “nigger” to a federal judge. Enough is enough and it’s about time someone took you man children down a notch
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This you, babe?
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