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

I might be a retard but does this adequately describe what is going on?
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Moguro Fukuzou said:
It warms my heart to see unite from those on both sides of the political spectrum in getting great glee from fucking over rich yuppies. Cheers to all the autists taking part in making wall street seethe hard.
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True unity will come not from Biden being president and virtue signaling about how he's not Trump, but from Reddit autists screwing Wall Street fuckers.
 
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Humble Shitpost Merchant said:
They're losing their shit in a way that has not been seen since the Capital Hill riots approximately three weeks ago.

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html

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See, articles like this piss me off.

They FLAT OUT admit the issue: that the populace is angry at the elites. But then, somehow it's the populace that's wrong.

EDIT: Holy fucking shit I should not have read this article.

What's the end game for the GameStop surgers? Like, now that they have proven the point that they can take a stock that the pros have declared moribund and revive it -- at least for a moment -- what do they do now? Because they don't really believe that GameStop is suddenly the new Amazon or Apple or Google. It's still mostly a business that derives its value from brick and mortar stores in malls. Which, again, is not exactly a big growth area in the coming years.

The point is that there is no real point beyond showing up the pros -- proving to them that they aren't as smart as they think they are and that they don't have the ability to control everything.
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Literally no mention of the millions of dollars that were made. Just that showing up the pros is BAD.
 
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Never forget that the same people crying for the Feds to save our heckin hedgerinos are the same ones who saw no problem with giving giant mortgages to people they knew couldn't afford them, packaged those up as securities and marked them as "AAA" when they knew they were junk, sold them to pension funds and annuities, and then when the whole scheme unraveled and almost took down the whole financial system, they got bailed out.
 
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Evilronald said:
I think it’s hilarious that Wall Street wants regulation now that regular people are fucking them up the ass at their own rigged game.
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Listen to that Palihapitiya interview where the CNBC anchor kept talking about how WSB shouldn't be able to do this because it doesn't make sense that GameStop and AMC stocks are surging when those companies are getting fucked hard right now. Like that isn't part of the reason everyone is cheering this on, because it exposes the stock market for the BS it is.
 
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LaxerBRO said:
I might be a retard but does this adequately describe what is going on?
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Hedgefund idiot came out on youtube and said “listen, gamestop is at $40 a share but it’s gonna be $20 a share so sell”, he was also shorting the stock aka betting the stock would do poorly.

r/wallstreetbets got mad and banded together to inflate gamestop stock to - at time of writing - above $200 a share. If this number holds by friday close, the whole stock market could unravel as various dominoes of “I lend x to y, who owes z to...” start falling.

Somehow the original idiot who posted the initial video is innocent and reddit is guilty. Somehow.
 
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Xerxes IX said:
Listen to that Palihapitiya interview where the CNBC anchor kept talking about how WSB shouldn't be able to do this because it doesn't make sense that GameStop and AMC stocks are surging when those companies are getting fucked hard right now. Like that isn't part of the reason everyone is cheering this on, because it exposes the stock market for the BS it is.
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Watching that anchor quivering in his suit was a real treat. Stocks are worth what people will pay for them, not what he decides they're worth.
 
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Anonymus Fluhre said:
I bought some back in September when I noticed it was going up slightly and expected to maybe gain double what I put into it around May or so. I never expected this. Every month it would go up by a dollar or two, then this happened. I considered it a penny stock so I never really bothered to check into it.
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How much have you earned from it now?
 
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