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

CivilianOfTheFandomWars said:
View attachment 1879021
:story::story::story::story:
Click to expand...
inshallah $1 soon
inshallah.PNG
 
  • Winner
  • Like
  • DRINK!
Reactions: Uranus Pink, Iwasamwillbe, Foghot and 13 others
Brianna Wu said:
I fucking held it. I wanted to quit so many times, I was so tempted...

My diamond hands have been forged in fire today. I will hold it out of spite and if the squeeze is not to my liking I will keep holding and eat the cost. Fuck shorts. Fuck Citadel. Fuck Robinhood. Fuck Melvin. Fuck Citron. Fuck all the hedgies. I am so fucking mad right now. I don't care how retarded I look right now, what the suits did today was un-FUCKING-believable.
Click to expand...
Here's a Pro-Tip on how to have diamond hands.

"BUY AT THE TOP"
 
  • Winner
  • Like
Reactions: Iwasamwillbe, Binary Code, Botchy Galoop and 9 others
Harvey Danger said:
I do believe them when they say they want hearings. Not because I think they want to fix it, but because they are attention whores.

Put together all the statements by Congresspeople today, and you see the plan already coalescing: Democrats want to take credit for punishing Wall Street. It's the kind of cheap "look we're progressive!" credential burnishing you would expect after a few days of the loonies bashing Biden and Pelosi. They don't care about protecting the WSB crowd from the brokerages, or forcing more position transparency in hedge funds.

The most frustrating outcome of all this would be Warren getting some kind of stupid wealth tax passed to "fund investor education" or some such justification. And I bet it drags out to happen right before the midterm elections.
Click to expand...
Here's my take, they aren't simply attention whores. They're going to try and twist this into an opportunity to pass some shit like what Warren proposed under the guise of helping the plebs. What it'll actually do since it'll be a bill with a wordcount higher than War & Peace will probably in turn, keep this from happening again since it hurts potential campaign financiers and also get them brownie points with wallstreet, probably some horrific shit like a middle-class tax hike or a carbon tax, and possibly with some reform for 230 (to sink the ability to collaborate like this in the future) and/or finance law around brokers and such being able to legally pull the same shit Robinhood did earlier with selling stocks without permission for the "benefit" of the people holding them.

Never let a good crisis go to waste, indeed. The problem I see with them trying this horseshit is that this has become too big of a deal to ignore, and the narrative (for fucking once, finally) cannot outpace the truth due to the absurdity of it revolving around fucking gamestop of all things. I fully expect riots or some form of domestic upheaval if they go this route, ditto for the entities involved in this chicanery if they take this too far.
 
  • Agree
  • Like
  • Optimistic
Reactions: Rakdos92, Borrisokeane, FunPosting101 and 18 others
Meat Target said:
You really think they're gonna let it stay that way after this?
Click to expand...
True. I think the interesting part is how they'll "fix" it, while still keeping the steady trickle of retail investors lining their pockets. Now that they've figured out people can actually organize to pull off stunts like this, they'll have to plan for it.

NGL, when I first heard about this plan a few months ago, I figured it would become like so many other internet schemes that didn't work, but hey, the crazy motherfuckers actually managed to do something. Didn't make any money off it myself, unfortunately, but I'll give the dudes props for what they did.
 
LurkTrawl said:
Here's my take, they aren't simply attention whores. They're going to try and twist this into an opportunity to pass some shit like what Warren proposed under the guise of helping the plebs. What it'll actually do since it'll be a bill with a wordcount higher than War & Peace will probably in turn, keep this from happening again since it hurts potential campaign financiers and also get them brownie points with wallstreet, probably some horrific shit like a middle-class tax hike or a carbon tax, and possibly with some reform for 230 (to sink the ability to collaborate like this in the future) and/or finance law around brokers and such being able to legally pull the same shit Robinhood did earlier with selling stocks without permission for the "benefit" of the people holding them.

Never let a good crisis go to waste, indeed. The problem I see with them trying this horseshit is that this has become too big of a deal to ignore, and the narrative (for fucking once, finally) cannot outpace the truth due to the absurdity of it revolving around fucking gamestop of all things. I fully expect riots or some form of domestic upheaval if they go this route, ditto for the entities involved in this chicanery if they take this too far.
Click to expand...
The dems are just using this to bolster themselves. They ultimately won't do shit or are so commie that they want to burn everything down, not understanding basic economic principles.
 
  • Thunk-Provoking
Reactions: TerribleIdeas™ and IAmNotAlpharius
Superkooter said:
Way to give yourself enough rope to hang yourselves. Why not just say "hey reddit please ban our sub?!"
Click to expand...
We aren't on Reddit
LurkTrawl said:
Here's my take, they aren't simply attention whores. They're going to try and twist this into an opportunity to pass some shit like what Warren proposed under the guise of helping the plebs. What it'll actually do since it'll be a bill with a wordcount higher than War & Peace will probably in turn, keep this from happening again since it hurts potential campaign financiers and also get them brownie points with wallstreet, probably some horrific shit like a middle-class tax hike or a carbon tax, and possibly with some reform for 230 (to sink the ability to collaborate like this in the future) and/or finance law around brokers and such being able to legally pull the same shit Robinhood did earlier with selling stocks without permission for the "benefit" of the people holding them.

Never let a good crisis go to waste, indeed. The problem I see with them trying this horseshit is that this has become too big of a deal to ignore, and the narrative (for fucking once, finally) cannot outpace the truth due to the absurdity of it revolving around fucking gamestop of all things. I fully expect riots or some form of domestic upheaval if they go this route, ditto for the entities involved in this chicanery if they take this too far.
Click to expand...
Yeah, and they'll run around calling you a corporate shill if you don't support a bill that will almost certainly hurt regular and lower level rich people and barely scratches the big boys. I don't trust any Congress to pass a law clamping down on this charade
 
  • Agree
  • Like
  • Informative
Reactions: Uranus Pink, Iwasamwillbe, muh_moobs and 10 others
Meat Target said:
You really think they're gonna let it stay that way after this?
Click to expand...
I think these hedge funds will just change their stratagy to not have shorts more than 100% (apologies for lack of economics lingo) so they can't get cornered like this in the future, and life will go on. unless they can get politicians to change the rules and stamp us out enough that they are not worried about us rising up again.
 
  • Optimistic
  • Like
  • Agree
Reactions: Uranus Pink, ddlloo, FunPosting101 and 8 others
You must log in or register to reply here.
Back