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

Fuck the feds go all in on GME and Dogecoin
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Arm Pit Cream said:
This prideful retard is a total joke, he cucked to big businesses and gave up any legitimacy his company had. Here's the archive of the important part of the interview.
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Not knowing anything about Robinhood, is there a chance that if he didn't cuck then Wall Street would have just shut out Robinhood completely?
 
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Arm Pit Cream said:
Protests today outside the New York Stock Exchange Robinhood has limited buys for Game Stock, NOKIA & AMC and other companies after dramatic price surges
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Well, they're 10x more coherent than OWS protesters, at least.

I don't know that we'll get a big protest tomorrow, the HODLers are probably too busy to throw one together overnight. But when the weekend hits...
 
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Gaear Grimsrud said:
https://slate.com/business/2021/01/stonks-not-stocks-got-it.html

Faggot establishment media libs trying to explain what "stonks" are.
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Slate Article said:
The purposeful misspelling, long a throwaway joke among market obsessives and memelords, has suddenly become ubiquitous as the entire worlds of media, finance, politics, and internet shitposters have intersected over the gyrations of GameStop, all thanks to a plucky, hilariously reckless band of Redditors who’ve pumped the stock’s price skyward to make bank while blowing up some hedge funds that had bet against the ailing retailer, and who are now crying betrayal at the day-trading app Robinhood after it cut the action off.
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The nerve of these asshats. They're not "crying betrayal", they're "yelling blatant theft".
 
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itskaon said:
nevermind looks like her globohomo leaders made her virtue signal again
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Copium addicts need to remember two things.
- Neolibs masquerading as socialists are not your friends and never will be. Soon as this is over you'll be the evil Huwait Supremaciss hyper-Hitler fag killing machine again.
- Pigs are not your friends. They are the govt's lapdogs. Back the blue... into a deep ditch.

Every time I see people thinking we're all going to sing kumbaya...
Everyone loves seeing the elite suffer the consequences of their rigged games the same way everyone loves a good meal. That doesn't make you friends.
 
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OhLordy said:
I dont understand trading, but if the short sellers are forced to sell, will that keep pushing the price up like a chain reaction. The more the short sellers get rid of their stock the more they push up the price. Is that right?
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They don't have stock to sell.
They have contracts with people to sell something they don't have at X dollars per share on Friday. The idea is find a stock you think is going to go down that everyone else thinks is a buy or hold, then offer to sell the stock lower than it is the day you offer the contract.
The problem here is that they sold contracts on more shares than exist of GME.
 
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I just thought of something.

This reminds me of another thread.

Conservatives, not liberals, are more inclined to value feelings over facts, psychology study finds


Now this part of the study about what is "not true" interests me even more.

Year after year, decade after decade, evidence has piled up that neither individual nor professional investors can outperform broad market indexes consistently over long periods of time. Studies of fund managers, active traders, and other institutional investors have failed to find persistent out-performance that wasn’t caused by either luck or being in the right part of the market at the right time.
"There's just no evidence behind being able to consistently beat the market," says Grant Adamson, a professor of finance at the University of Pennsylvania who's researched this issue. "Fund managers rarely outperform the market for long. That people still think some fund managers are successful is consistent with a larger body of psychology research showing that people are biased towards confirming positive predictions."

Reader comment: "The professor did his research but he has no real life experience. It's possible for a manager to beat the market consistently if they know what they're doing, in my experience."
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So to review, if you think you can beat the stock market, you are a science denying conservative. Even though while I agree with the basic premise, there are literally hundreds of people making 6-7 figures who's literal job is to beat the stock market.



That seems more relevant today with the MSM desperately trying to convince normies that following Reddit will result in them losing their life savings.
 
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