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

[CivilianOfTheFandomWars]

There was a moment where I considered putting a c-note in doge because I thought it would be funny, but decided not to because that move would have been "too retarded, even for me."

Going forward I need to try to be more retarded.

All I wish is that I was more retarded last night.

 

[Jimjamflimflam]

Kurt "financial expert" Eichenwald is absolutely kvetching and begging people to sell, he doesn't get the point
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https://twitter.com/kurteichenwald/status/1354836409572581380?s=19

https://twitter.com/kurteichenwald/status/1354850434133979142?s=19

https://twitter.com/kurteichenwald/status/1354859126673858560?s=19

https://twitter.com/kurteichenwald/status/1354874966571950083?s=19

https://twitter.com/kurteichenwald/status/1354866617323237379?s=19

https://twitter.com/kurteichenwald/status/1354897112836792320?s=19

https://twitter.com/kurteichenwald/status/1354905206950146049?s=19

These fucking "journalists" need to learn the link between brevity and wit.

 

[Revo]

This whole thread made me read and search info about the whole stock market/crypto currency stuff.

 

[LurkTrawl]

Haha they're openly advocating for siding with big interests
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No shit, these people saying they would rather side with corporate fatcats than people who are right-wing should be put on full blast by their socialist and commie brethren. This is the kind of absolute retard Marx was talking about when he came up with the phrase "lumpenproletariat".

It's a crying shame that I, an ardent right-winger, have more fucking class consciousness than a hard leftie. What the fuck.

 

[the fall of man]

Alright, first time you do it, benefit of the doubt, but this is twice now you've posted stupid shit about BlackRock and their holdings, and as far as I can tell this lie comes from you specifically, not some random 4chan post (that totally isn't you).
Not only is BlackRock not Robinhood's "parent company," BlackRock is a client of Robinhood, and only just recently. BlackRock took advantage of Robinhood's free stocks offer to collect over a billion dollars revenue, losing Robinhood a tremendous amount of money, even as they BlackRock moved their internal trading onto the service. That's right: Robinhood has probably paid BlackRock more money to use their services, than BlackRock ever will pay back in commissions. It's like if you went to a fast food place with nothing but free burger vouchers with "any order," ordered free water, and the store accepted it.
Which is perfectly legal, because as it happens if you make dumb promotion and don't cap it properly, you can't just not pay it out when someone smart decides to take advantage.
You're railing against the bigger fish that is eating the people you don't like (Melvin Capital and Robinhood) alive. They are not in any way hurt by these market actions. If ebil jooz BlackRock touched you as a child, this is a poor way to get revenge... ignoring the fact that BlackRock going down would ruin hundreds of thousands of US citizens' lives, because it's not a hedge fund, it's a mutual and asset management firm that has hedge funds.

Not to mention, it’s the fiscal firehose that connects the Treasury and Fed.

@Arm Pit Cream why you gotta post funny memes for a hundred pages and then eat all the puzzle pieces, it was really cool when you at least pretended you didn’t want the US to burn down, like this meltdown isn’t gonna hurt your dumb leaf country

 

[I'd abeeb bear]

The pincer fud attack of "you're going to jail" and "you'll lose all your money if you don't sell right now" the night before the squeeze is pretty funny.

 

[Bloody bunny]

Sorry humpty dumpy is going to Not be put back together again.

 

[Autopsy]

This is what my stockbroker is currently showing. Never seen these before and there was no announcement of maintenance being scheduled beforehand

App
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Amidst the actual market fixing these corporate faggots are doing, please do keep in mind that the world waking up to stocks is leading to most broker sites and services getting anywhere from 300% to 2000% the traffic they're used to- and their servers are capable of handling.
Some of these websites and applications are probably still running on shit from the 80s.

 

[Jimjamflimflam]

There was a moment where I considered putting a c-note in doge because I thought it would be funny, but decided not to because that move would have been "too retarded, even for me."

Going forward I need to try to be more retarded.

When they said the meek will inherit the earth, they actually meant retarded.

So many missed opportunities because i thought only a retard would do that.

 

[Shakka Ahmose]

And then one day, for no reason at all, the scary alt-right Nahzee white supremacist domestic terrorists culturally appropriated Mr. Hedge Clippers from its rightful Working Class heritage.
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if people go to Wall Street with nooses like Capitol Hill, it will be considered an anti-semitic crime. Insurrection 2.0

 

[Rich Evans Apologist]

This is what my stockbroker is currently showing. Never seen these before and there was no announcement of maintenance being scheduled beforehand

App
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Website
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Routine maintenance on a thursday night, eh? Oh yeah, definitely passes the stink test; I guess they just replaced their servers guy with a llama.

 

[BalthasarGelt]

This whole thread made me read and search info about the whole stock market/crypto currency stuff.

I'd been looking into getting into stocks two weeks ago and decided on it just the past week. Calling it auspicious is selling it short. Heh.

 

[Bongocat]

The pincer fud attack of "you're going to jail" and "you'll lose all your money if you don't sell right now" the night before the squeeze is pretty funny.

I'm very scared of losing $20 yes

 

[Zaryiu2]

I am a terrible prophet. I saw that too, bit I've been drinking diet shasta this whole year thinking the meaning was that it protected you from the coof.



I don't think anyone needs more evidence that Shapiro is controlled opposition, but if you do, here's your sign.

Wasn't he a Never Trumper? If so how embarrassing how much he glows

 

[Harvey Danger]

The last time socialists tried to ally with fascists against oligarchs they got a long knife straight up their ass. I don't blame them.
Also alt-righters only hate capitalism because the (((wrong))) people make money off of it. When's the last time you saw one bitch about Warren Buffett or Jerry Jones?

I bitch about Warren Buffett regularly. His last 20 years have been a charade. He's not a value investor, he throws his weight around with massive stacks of QE money, then goes on CNBC eating hamburgers so everyone can fawn over how smart and humble he is. I wouldn't trust him with $10k and an Etrade account, he couldn't handle it any better than a WSB rando.

If you want to understand when a right-winger hates capitalism, it's simple: they hate monopolies, especially ones reinforced by state power. Adam Smith was calling out royal monopolies from the beginning, and modern conservatives have bitched about regulatory-created monopolies since the 1960s.

Yes, the lolbertarians do the smug "just create your own X" thing. It's because they aren't convinced there is an actual enforced monopoly. Smack them with reality enough times and they sometimes change their tune. Regular conservatives recognize the problem on the first smack.

 

[Ita Mori]

If this tweet didn't make him want to an hero, I doubt any other would:
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This faggot used every buzzword and "bad" term he could for sympathy.
Fuck off, Hebe.

 

[Pee Cola]

‘Stunned’: GameStop trading frenzy causes local mining company shares to soar​

By Dominic Powell​

January 28, 2021 — 1.39pm


A tiny West Australian mining company has been caught up in the investing craze surrounding US company GameStop thanks to its ASX code matching that of the American video game retailer.

GME Resources, which is listed on the local bourse with a market capitalisation of just $40 million, is a mining company focused on nickel and cobalt extraction. On Thursday, its shares soared more than 50 per cent to 12 cents, their highest level since 2018, with volumes of nearly $7 million.

However, the skyrocketing price had nothing to do with the business’ quarterly update released last Friday nor the rising price of nickel. Instead, local participants of share trading groups on Reddit and Facebook had bought the stock as a joke due to its ticker’s similarity to popular US stock GameStop.

Shares in the overseas video game retailers have rocketed over 1500 per cent in the past month to nearly $US350 ($460) thanks to day traders on the Reddit forum Wallstreetbets continuing to promote the stock and other heavily short-sold companies in perceived revenge against major US hedge funds.

This enthusiasm has penetrated investing groups in Australia, with traders on local Reddit forum ASXBets showing off apparent purchases of thousands of shares in the locally listed GME.

James Sullivan, GME’s managing director, told The Age and The Sydney Morning Herald he was stunned after waking up to see the company’s share price up over 50 per cent.

“When I opened my share tracking app and saw it was at 9.4 cents, I was stunned,” he said. “It just went bang, and I thought, ‘Well, what’s going on here?′ Is there something about my own company that I don’t know?”

Mr Sullivan, who has been with GME for more than 15 years and has never set foot in a GameStop store, said company management immediately began to message each other to determine the reason for the spike.

“There were emails and text messages from people flying around, and eventually my brother’s son, who works in Sydney, told us it was about speculation to do with the ticker GME,” he said.

“ I was hoping to be able to say it was more to do with our world-class nickel projects.”

GME’s shares ended the day at 8.5 cents, which was still 13.3 per cent higher than its opening price. Mr Sullivan expects the company may receive a ‘please explain’ from the ASX, but says he “couldn’t be unhappy” about the unexpected interest in his company.

Users on ASXBets expressed equal parts bewilderment and excitement at the stock’s mighty surge, with one simply stating “free money boys”.

GME is majority-owned by international fund manager ICM, and Mr Sullivan and his brother Peter are also significant shareholders, each owning about 6 per cent of the business.

The chief executive said the rise was an example of the power of numbers and is hoping the renewed interest might lead to a higher share price for the business even after the GameStop-fuelled attention.

“What goes up comes down usually, if there’s nothing to substantiate it,” he said.

“It may mean we find a new level anyway based on our nickel assets, which is what I’d like to be talking about.”

[ original | archive ]

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[Arm Pit Cream]

So.....when's the porn? Gamergate had some

 

[Fatrick Hamlinson]

Warren's plan is a wealth tax, which would put a certain amount of money from the wallets of the hedge funds, and into the pockets of government workers like Warren.

So the Democrats' solution is to pay them, basically, and nothing else.

(archive)

 

[Bloody bunny]

When they said the meek will inherit the earth, they actually meant retarded.

So many missed opportunities because i thought only a retard would do that.

We all keep calling them autistic retards but this just proves they are the next step In evaluation