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

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It looks like the selling was mostly from margin accounts? Not sure if that changes anything
It does, if the shares were bought on margin. Brokerages can redefine their margin requirements whenever they want, and can liquidate your position if needed to meet the new margin requirements. But having a margin account doesn't necessarily mean the shares were bought using margin, so it's hard to tell if that's what actually happened.
 
Yeah, the people that outfoxed an entire financial system to the point that the people running said financial system had to keep changing the rules to avoid losing any more money (for now) really need to be educated.
Yeah, I don't think anyone can talk about needing to "educate" after getting schooled this hard.
 
Well, my broker unclenched long enough to let me buy some GME after hours. Very generous of them, after blocking it for the entire day.

Fuckers better hold tomorrow, I want to see billions in red ink and half a dozen bankruptcies.
 
Yeah, the people that outfoxed an entire financial system to the point that the people running said financial system had to keep changing the rules to avoid losing any more money (for now) really need to be educated.
Also, take note of that sidebar saying Robinhood is drawing on their credit lines. That's a major sign that they're in "oh fuck" mode.
 
WSB has enough jargon and actual knowledge needed to fit in that it's gonna be evergreen until it's forced to shut down the way Disney (allegedly) killed /r/legoyoda.
I think I was wrong. One or two million immigrants they could handle but they're already nearing 4 million. It's only a matter of time before the more psychotic powermods and professional karma whores try something to extend their influence and lower the bar to entry.
 
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I'm pretty sure their entire position boils down to "Kiwi Farms (and similar) are happy; therefore their side MUST be the wrong one!"

They don't have priniciples of their own; their entire belief system is just to NOT be their enemy.
 
On the one hand, this whole ordeal warms my heart immensely, and I really do think it's bringing people together in a populist moment.

On the other hand, it's disheartening as fuck how many people are still so thoroughly programmed to the point where self-professed socialists and hard leftists are springing to the defense of fucking hedge fund managers because daddy media told them that /r/wallstreetbets posters are racists and mysoginists and white.
 
For the record, regardless if you give a fuck about GME, if you’re investing at a place that blocked GME, go ahead and call them. Do something else while you’re on hold, and then just annoy them about why you can’t buy GME. You don’t even have to buy any, just be annoying. Make baseless threats about cancelling your account, whatever. Scare these assholes.

Edit: Don’t be a dick to the CS person, though.
 
It does, if the shares were bought on margin. Brokerages can redefine their margin requirements whenever they want, and can liquidate your position if needed to meet the new margin requirements. But having a margin account doesn't necessarily mean the shares were bought using margin, so it's hard to tell if that's what actually happened.

Does that sound more likely than the alternative?
 
On the one hand, this whole ideal warms my heart immensely, and I really do think it's bringing people together in a populist moment.

On the other hand, it's disheartening as fuck how many people are still so thoroughly programmed to the point where self-professed socialists and hard leftists are springing to the defense of fucking hedge fund managers because daddy media told them that /r/wallstreetbets posters are racists and mysoginists and white.
I THINK that they aren't defending them as much as the belief that because reddit it EVIL, then reddit will trick normal people into investing and losing all their money. Because normal people are stupid and they are enlightened.

At least, that is the point I think they are trying to convince themselves of. That's why all the anti-Gamestop articles I'm reading are framed like "What happens when Gamestop goes down and you lose all your money?"

How does one lose their life savings by buying a couple shares anyways? Do they ever explain it? It's not like retail investors naked short a company for far more then they have on hand.

Because they think normal people are stupid and will invest ALL of their money and thus will not be able to afford rent.

Whenever you listen to the left speak, you have to assume that the person thinks THEY are smart and everyone else is stupid.
 
On the one hand, this whole ideal warms my heart immensely, and I really do think it's bringing people together in a populist moment.

On the other hand, it's disheartening as fuck how many people are still so thoroughly programmed to the point where self-professed socialists and hard leftists are springing to the defense of fucking hedge fund managers because daddy media told them that /r/wallstreetbets posters are racists and mysoginists and white.
I agree, I haven't been seeing a lot of people going "so what?", maybe I just haven't been looking hard enough, too busy keeping an eye on the fickle stonks mistress, /biz/ and my 12th Golden Order campaign in TWW2.
 
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