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

Buttigieg2020 said:
I thought the goal was to just dump on Friday when the stock is massively overvalued?
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I dunno, it's all spiraling out of control so fast I think we're gonna set up a dogecoin bank on monday and by next thursday we'll be voting on what our new internet country national anthem should be. I'm thinking Freebird, you guys down with Freebird?
 
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Buttigieg2020 said:
I thought the goal was to just dump on Friday when the stock is massively overvalued?

Or is it to hold forever and fuck the shorts?
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Apparently a bunch plan to hold until next week before dumping:
www.reddit.com

r/wallstreetbets - Since it got removed: When do we sell? A quick guide for GME Army. (SECRET TO DIAMOND HAND 💎🙌 )

17,028 votes and 2,479 comments so far on Reddit
www.reddit.com www.reddit.com
Also I'm curious if any of ya'll are buying into GME, AMC or the others or are you just simply observing?
 
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Buttigieg2020 said:
It wouldn’t be legislation, the government can’t move that fast. Maybe the powers that be will do what the NASDAQ ceo suggested and ask the stock exchange to stop trades.
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This would be a pretty good outcome: publicly turning off the machines because small investors were making money and big investors were losing. It would be bedlam, and even if it meant me losing the bit of cash I chipped in I'd be up for it.

Edit: I suspect the fem ceo was just trying to fud, anyway.
 
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haha fune sex numbr said:
This would be a pretty good outcome: publicly turning off the machines because small investors were making money and big investors were losing. It would be bedlam, and even if it meant me losing the bit of cash I chipped in I'd be up for it.

Edit: I suspect the fem ceo was just trying to fud, anyway.
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Rly the best option would be to take this loss on the chin as this is punishing a dumb play, and just keep an eye on these WSB types moving forward.
 
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HumanHive said:
I dunno, it's all spiraling out of control so fast I think we're gonna set up a dogecoin bank on monday and by next thursday we'll be voting on what our new internet country national anthem should be. I'm thinking Freebird, you guys down with Freebird?
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IF I SHORT HERE ON FRIDAY
WOULD YOU STILL INVEST IN ME
 
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Cow goes moo
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https://twitter.com/niceokaycool/status/1354570762451996673 (https://archive.li/OaZhl)
 
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Andy Bandy Man said:
So does gamestop ... does it need a modern buisness model at some point too keep this value? Or is it really just a currency now?
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Stocks are basically just really retarded pseudo-currency anyways, so I doubt it, but if they actually figure out a way to make up on this with such an influx of money and eyes then GameStop could at least stabilize itself. It'd have to be fast AF tho.
 
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YarrBlueballs said:
Stocks are basically just really retarded pseudo-currency anyways, so I doubt it, but if they actually figure out a way to make up on this with such an influx of money and eyes then GameStop could at least stabilize itself. It'd have to be fast AF tho.
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If and it is a big if, they can take this influx of cash and use it to get current by maybe launching an online platform for retro games or some other niche market they might do OK. I don't think they have the chops to compete directly with steam and epic though.
 
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Vitruvius said:
View attachment 1876964
The hedge fund managers will be choked to death with the might of a million autistic redditors pocket spaghetti. The pasta drops for the last time, comrades. GAMERS RISE UP.
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Boy, that is not anything like what Disgaea 5 actually ended up being. Then again, who could have possibly guessed it would become demons in space?
 
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Felt obliged to buy in as one of the very few who likes GameStop or a least still shop there, not for games of course just for their collectibles and model kits cause there’s no comic Shops in bumfuck nowhere where I live. Any money loss is just the price for this Unparalleled comedy special
 
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Buttigieg2020 said:
I thought the goal was to just dump on Friday when the stock is massively overvalued?

Or is it to hold forever and fuck the shorts?
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Can't tell you when to exit, you gotta decide for yourself, but check this....

The short ratio hasn't budged. The squeeze hasn't even began.
If Melvin wants to cover their shorts, it's going to take more than just one day to cover, it's going to take at least a week to cover their position.
Everyone is waiting for when Melvin starts, because when it happens it'll shoot up. Melvin is shitting money with the interest on their positions, and doing everything to scare or manipulate the price down.

A lot of puts are expiring Friday and can be exercised, but Friday may be the day when the squeeze *starts*

EDIT, i checked the data and it's suddenly hard to find short info now...I suspect the stock may be shorted less than people think.
Shkreli has some good ideas here on looking at the borrow rate as an indication of performance now.

 
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