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

So how many funds were shorting GS? Why is this such a big deal and everyone flipping their shit, multiple brokerages fucking with orders, going to bat for these WS guys, etc if it was just one outfit (Melvin/Citadel)? I kinda get the "David has picked up his sling, who will be the next Goliath?" idea, but couldnt they just learn to hide their mass shorts in the future?

Also, if their contracts arent due until tomorrow, why/how are they already estimating $70b losses?

Any educated guess in how high it will go tomorrow? Though I guess this is unprecedented, so am "educated guess" likely doesnt exist.

[ETA: also, if they can pull all these shenanigans, potentially fucking over general market confidence in the process, why couldnt they "shenanigan" themselves "forgiveness" of the short? If they can short more stock than actually exists, why cant they... I dunno... un-short it? Basically, if they're pulling all these shenanigans to begin with, why not shenanigan it away in a less publicly destructive manner?]

[pls forgive babby's stonk market ignoruns. I just play wif imaginary interweb coinz]

As someone not in on this particular game, at least I can hopefully look forward to a bitcoin pump this weekend/next week as people look for someplace to put their profits (its down 20% from $41k high and the projections for the rest of the year are quite good. Just sayin)

itskaon said:
"the system is rigged and corrupt" "the system crushes the common working class men"
"wait no actually we need to use the very same corrupt rigged system for da ebil NAHTZEES!!"
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the extent to which globohomo have brainwashed these people is pretty amazing
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You misspelled "M'lady," Vaush.
 
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Arm Pit Cream said:
Remember that larger players are at play and Melvin Capital is just a subsidiary for the multi trillion dollar asset company, Blackrock.
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>tfw Gamestop will be the thing that takes down the satanist kikes
It's fucking January,and a happening of this scale has already occured. Holy fucking shit!!!
 
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Meat Target said:
So they can't renege on the shorts in 2 hours? Oh pleeeeeeaaaasse, let it happen.
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Yep, right now their automatic trade is probably set to a price they can surive. So if they can beat Gamestops stock down low enough they will be able to finalize their shorts and stay solvent. At 4:00 though the bill comes due at whatever price the market has set. And then we get all weekend to consider the ramifications.
 
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Kane Lives said:
"MUH LACHES MUH STANDING".
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Don't bring legal illiteracy into bear here.
Asking the SEC to come down on RH is not the same as the trump team failing to pass the most basic hurdles in law that have existed as far back as US jurisprudence goes, in that the SEC has the authority to charge RH with violating the law, necessarily has the standing to do so, and cannot be argued as having unreasonably delayed for their own personal benefit. The reason these companies are trying to endenger a massive media smear campaign and are calling for as many high favors as possible to secure a bailout for themselves is precisely because they know their goose is cooked.

Individuals will also likely be able to enjoin a class-action suit, so long as you actually owned fucking stock on RH that was affected by their actions. Naturally, a bunch of mooks that just heard about it today or yesterday lacking any affected stock will claim that "I wanted to buy some GME but they wouldn't let me, thus I have standing" is legally sound.
 
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For those talking about RH being the sacrificial goat realize they will run out of them until its there turn.

For those wondering how to keep the unity going between wildly differing factions?

Thr best way to galvanize is provoke the elites into hammering everyone equally.

So wing nats and antifa would join forces if the higher ups are trolled into over using the ban hammer.
 
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Rich Evans Apologist said:
Don't bring legal illiteracy into bear here.
Asking the SEC to come down on RH is not the same as the trump team failing to pass the most basic hurdles in law that have existed as far back as US jurisprudence goes, in that the SEC has the authority to charge RH with violating the law, necessarily has the standing to do so, and cannot be argued as having unreasonably delayed for their own personal benefit. The reason these companies are trying to endenger a massive media smear campaign and are calling for as many high favors as possible to secure a bailout for themselves is precisely because they know their goose is cooked.

Individuals will also likely be able to enjoin a class-action suit, so long as you actually owned fucking stock on RH that was affected by their actions. Naturally, a bunch of mooks that just heard about it today or yesterday lacking any affected stock will claim that "I wanted to buy some GME but they wouldn't let me, thus I have standing" is legally sound.
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Oh don't get me wrong. I'm not even close to literate in any legal sense.

I am, however, pointing out that if White House is really involved, then there will be absolutely no political will to actually go through with any sort of punishment, and I can almost see the obscure procedural issues that will be brought up to grind the entire process to a halt.
 
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mindlessobserver said:
Yep, right now their automatic trade is probably set to a price they can surive. So if they can beat Gamestops stock down low enough they will be able to finalize their shorts and stay solvent. At 4:00 though the bill comes due at whatever price the market has set. And then we get all weekend to consider the ramifications.
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What does the stock price need to stat at for Reddit to win?
 
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DC Round 2

1611861919531.png
 
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Merry said:
Reddit is currently eyeing silver which has been shorted up the ass and has potential to be worth literally ten times as much. It's trending on Twitter too but I'm not sure if that's a bad sign or not rn bc Twitter employees are financially illiterate.
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Fuck yes,i knew pressuring my family to think about buying silver and gold was a good idea. Guess it's time for me to stock up too.
Meat Target said:
What does the stock price need to stat at for Reddit to win?
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Either 400 or 500. As long as it keeps going up,they can win.
BenisinbaginaII said:
Oh, please, God, let Uncle Joe bail out the hedge funders. We must accelerate even faster.
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A C C E L E R A T E
F A S T E R
 
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DeadFish said:
For those wondering how to keep the unity going between wildly differing factions?
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This is something you cannot ever forget. Yeah the elites may be powerful. But they are not united. There are tons of smaller and larger factions, each with their own goals. Sometimes these goals overlap, sometimes they don't. But the elites are not united, and they are not all-powerful.
 
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