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

[Blackhole]

I'm not a finance expert but from my understanding:
There are about 70 million $GME (gamestop) shares in existence and there are a bit more than 52 mil in the market. $GME has been shorted for about 120%. Current price is 240$ and the break even for the shorts was 20$. So the elites are vulnerable for a loss of about 50 000 000 * 120 * (240-20) = 1.3 * 10^12. (quick maths, don't quote me on this)
That is right. They are vulnerable for 1.3 trillion USD.
All on a retarded bet. This is brinkmanship with the economy at stake.

Economic Crisis 3: Electric Jubilee

 

[WinchesterPremium]

AMC ON THE WAY BACK UP
View attachment 1878053

COME ON AMC MY SAN
BANG BANG BANG
GO UP SUM FACKIN POINTS
View attachment 1878057

Can't they stay down long enough for me to get in on this?

 

[ChiChiBoom]

I'm not a finance expert but from my understanding:
There are about 70 million $GME (gamestop) shares in existence and there are a bit more than 52 mil in the market. $GME has been shorted for about 120%. Current price is 240$ and the break even for the shorts was 20$. So the elites are vulnerable for a loss of about 50 000 000 * 120 * (240-20) = 1.3 * 10^12. (quick maths, don't quote me on this)
That is right. They are vulnerable for 1.3 trillion USD.
All on a retarded bet. This is brinkmanship with the economy at stake.

It really is indefensible. Opening yourself up to untold losses just because you think that no one else will notice and strike while the iron's hot. Hedgies get fucked.

 

[DJ Grelle]

the 120 should be 1.2 as it's 120% and not 120x
All-in-all it'll be a couple billion, enough to blow up Melvin

Thanks, I knew I made a mistake

I'm sorry everyone its 13728000000$ then

 

[Jimjamflimflam]

I'm going to get alot of shit for this, but why do we still do the "pronouns in the bio" thing like it's a valid argument

But when they do it for anime icons, suddenly it's not fair and judgemental?

The person is still a dumbass of course, and I know "people who tend to have them are spregs"
But I feel like people are setting up for gotcha when they do that

Reasoning may vary but i think the anime pictures are from people operating on so many layers of irony that they don't even know their sincere feelings anymore while the pronoun people are 100% serious and will use it a cudgel to get you to accept their views.

 

[TheBeanz]

where do you buy the stocks now if the common places are being blocked?

Revolut has been supporting sales today as far away as Bongland. They had a market volatility warning a while ago but that's now gone

 

[Space Retard]

It looks like....
View attachment 1878030

John Coffee sounds like a fake Anglo name some Pajeet Microsoft scammer would come up with.

 

[muh_moobs]

This is brinkmanship with the economy at stake.

Always has been.

 

[thismanlies]

View attachment 1878054

This timeline...

You know shit's fucked up when you get these two agreeing on something.

 

[Desktop User2]

where are you seeing this?

Bloomberg.

 

[Desu Mountain]

 

[User names must be unique]

"A portion"

They shorted over 100% of Gamestop. They'll have to buyback more than "a portion".

They shorted close to 140% of the total stock but you have to consider the stock held by the CEO+boards aren't actively traded because of laws against insider trading.

They'd have to buy all actively traded stock probably a minimum of 2-3 times, to clear their debt

 

[DeadFish]

So lets say reddit wins. What will be the outcome? Major market correction? Bailouts? What?

 

[haurchefant]

Revolut has been supporting sales today as far away as Bongland. They had a market volatility warning a while ago but that's now gone

They're cashing the fuck in. Good for them.

 

[JohnDoe]

It really is indefensible. Opening yourself up to untold losses just because you think that no one else will notice and strike while the iron's hot. Hedgies get fucked.

And they say the common man is too foolish and ignorant of risk to play at stock broking.

Hubris.

 

[Blackhole]

Can't they stay down long enough for me to get in on this?

When the market's close,it'll dip. Wait for that,then get in.

 

[Jimjamflimflam]

What exactly is a "fashionable Twitter personality" and why should I care what they do?

Normies Twitter.

Because normies ruin everything but they are a part of the meme cycle though, at the end of course before death.

 

[JohnDoe]

So lets say reddit wins. What will be the outcome? Major market correction? Bailouts? What?

A shitton of dead parasites, God willing.

 

[DJ Grelle]

So lets say reddit wins. What will be the outcome? Major market correction? Bailouts? What?

Melvin capital goes bankrupt, their backers probably as well. Possible Lehman brothers style collapse in the financial market.
Payday for everyone who has bought $GME.

 

[Ashen One]

"B-b-b-but surely at the end of the day there will be discovery, and other very important legal proceedings of which I know nothing about, so that you filthy incel goyims will be properly punished for your insolence by fairly and legally playing the stockmarket, exploiting the unfathomable stupidity of Wall Street investors!"

Keep pouring those deliciously salty tears, faggot. How much money did you lose by investing like a moron?

It's a copypasta hun.