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

‘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.”

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You'd have thought they would have pumped EB Games' stock instead, considering they're practically the Australian branch of GameStop. They're even owned by them, and copy their stylings.
 
Why is everybody defending the hedgefunds either jewish
On a very real level most Jews are...
They are indoctrinated via "retreats" like "Birthright Israel" (look it up) into a race-obsessed worldview with an inconsistent liberal outlook (as if compelled to politics). Most rabbis in Judaism aren't even a typical Toviah Singer type who take it seriously but are rather like Shmuley Boteach aka "The Rabbi to the Stars" (very big rabbi rubbing elbows with Hollywood and famous folk like Wiesel) who openly debated a Christian on homosexual marriage--the rabbi supporting it.
Birthright Israel.jpg

Pictured: This is the symbol for Birthright Israel. It's creepy.

It's like Blacks being indoctrinated with racial equity and race theory for about half a century, thus exacerbating and breeding racism against da wite mane, but so much worse since it's a campaign that's technically lasted for literally thousands of years. It began with Judaism, which mutated from what it was during the Jesus days where Pharisees (rabbis) taught that goyim had a literal spiritual ick about them which contaminated a Jew if they entered their home or had contact with them on the Sabbath, etc. So they set up new commands for the Jews of how to pray, how to eat, how to wash their hands from being in the presence of icky goyim--
This is why Jesus was against washing his hands when the Pharisees got uppity with him. He wasn't being grody, he was saying they were full of themselves and he wasn't following their made up crap. It's also why Peter's vision of the tapestry and animals took three times for him to finally accept it because he was trained to believe Jews ought never consort with goyim in their own home. None of this is from the Torah (first five books of the old testament, or Septuagint as it was translated into the Greek for the masses to read. Judaism isn't the original religion, it's a corruption of it, as I'll show below.

Anyway, Jews were Bolsheviks and they fled the consequences of their actions once their monster turned to feed on them en masse. They fled to America and took up positions like their Weimar counterparts took up. If you were a film director in Germany or novelist in Russia, what job would you find in America? Exactly. That's why Hollywood became what it became.

Long before this was how Jews were persecuted for legit and illegitimate reasons, being the "murderers of Christ" and such--they were but Christ forgave them and the first Christians were Jews--and the first genocide of said Christians (Jews) were by Jews. Literally, but few seem to remember this today or back then, despite it being really explicit in the Bible).
Jews had few fields they were allowed to work and one of them was money. Christian Kings liked the power and finance offoreded by usury but usury is a literal abomination to God (it's in Ezekiel, old testament) and so they weren't allowed. So they had the Jews do it and reaped the rewards by proxy via "Court Jews", like right hand shekel meisters to the kings. However this always failed at some point because why the hell would an insular group you persecute keep helping your coffers?

Overtime this morphed more into crueler banking and Jewery in banking dominated because of the insular nature of it (and because they picked-and-chose what Torah verses they liked to support their obviously anti-torah behavior), leading to one of the few but mightiest allegations against the Jews which was true--MASSIVE swallowing usury by banking Jews, to the point where people lost homes and family members. Then you have pogroms, where fed up folk attacked Jews witlessly while religious and political leaders used them as scape goats. "Blood libel" was a myth many were fooled into believing against Jews, wheras the usery thing was 100% legitimately a problem, and that they couldn't be trusted around Christian wells etc. because they feircely hated Christians and Jesus especially (they still do, and they are taught to, with things like the "Yimakh Shemo" a Hebrew curse meaning "may his name and memory be blotted out forever" (this is spray painted on churches in Israel)).

Some of this is the origin of the big rivalry between Jews and Germans, too, going as far back as even before the Reformation where Martin Luther would later go off in "On the Jews and Their Lies" because he discovered so much about the Jews' secret teachings (Talmud) and anti-Christ behaviors that he was afraid if Germans kept being nice to them God would destroy them both. Long story there, don't worry about it. Something for another time.
Mind you, Luther may have suggested pogroms but he never did it on a racial level. Repeatedly he makes distinction between believing (Christian) Jews and non-believing, and a distinction between common Jews and their vile Pharisaical leaders leading them astray. This is forgotten because "Hitler used Luther's writings as support so now Luther is a Nazi and you're a Nazi for reading it!!!"

Of course you already know about the Rothschild family and their innovation as an international banking family and Nathan Rothschild's cunning regarding market manipulation, betting on Napoleon despite spreading misinformation since he caught good info early on.
Screwing with markets is in a money-worshiping Jew's ancestry.

Basically evil Jews made regular Jews suffer again and again, just like during the Jesus days with their relentless (failed) insurrections and murderous rebellions against Rome. Before that is the entire book of Jeremiah and Lamentations detailing how sinful Jews made godly Jews have to flee their homeland and family homes because they couldn't stop being so evil they pissed off God so hard he sent all of Babylon against them to raze Jerusalem from the face of the earth. Jeremiah begins weeping for his people's suffering. He later pleads for it because they keep abusing him because he's warning them to stop being evil and repent. God repeats "Do not pray for this people, judgement is coming".
It's heavy stuff.
It's also barely taught to any Jew. Why? Because Jews aren't unilaterally victims the Jeremiah account (which is believed to be divinely inspired, remember). That's why the Holocaust is propped up instead, because Jews were just victims there (so the narrative goes, whitewashing the sonderkommando's crimes out from history).
The real greater atrocity--Jerusalem's destruction and being enslaved for 40 years--is by God's judgement on them (there's reconciliation and more but that's another story). They aren't just victims, at least not on a unified racial level.

So which one do you think they'd brainwash their kids with? The story that teaches them there's a division between good people and bad among them, that not all Jews are one people, that they are all to respect God, act rightly, fairly, to honor virtue, justice, etc.?
Or the story where the evil goyim hate the poor innocent smurf Jews "but yet we endure"? So stunning and brave!

What's more: Every Jew who speaks against Israel's government gets brutal treatment. One Jewish politician in Israel tried to make peace in the Middle East and was assassinated...by a Jew.
Christian Jews in Israel get daily death threats, harrassments, feces thrown in the yard where their kids play, are exiled from their family homes by their own parents (look up "One for Israel" on youtube for testimonials which, despite being very pro-Israel, unflinchingly mentions such things), or if they speak about Palestinians to help them then other Jews call them Arabs (like how an Arab claims another Arab is a Jew as a insult and call for others to harm them).

Most Jews don't know about the actual systemic abuse of Jews in Hassidic communities on multiple levels (look it up) but that same abuse is applied and amplified by politically minded atheist Jews who don't even have a pretense of "torah" like Judaists.
Judaism itself is more about the Talmud which claims to be an Oral Torah equal to the Torah (like Catholics claiming oral tradition = written tradition). Even the Talmud teaches this Jew-supremacist mentality which was adopted by Zionists (their athiest equivalents) and it teaches to "follow the majority". It also places the rabbi--a spiritual and legal leader--above even God in an argument:
Baba Mezia 59b.png


There is SO much more to this, but I've given way more than anyone asked for already. If you want to check out more stuff on this and things like it there's a mega link to old /christian/ threads about it: https://mega.nz/folder/5Jo3xYzQ#rKmNdleO9_B8bNO4qg7vaQ
Just click "Judaism Vs Christianity"
TL;DR So why do they defend hedge funds, etc? Because it's their tribe, and those Jews who don't defend it don't have the platforms to speak out, and if they do (like many did against the bombings of Gaza) they are sneeringly called "Self-Hating Jews", the Jew equivalent to a Black guy being called a Coon.
Antifa came from Europe as I recall where they had a much larger presence. It wasn't a major or even noticable movement in the US until around about 2015-16 and I think Soros has a lot to do with that.
The answer to this is just that they're functionally retarded drone people. Antifa is just one step removed from proper Communists.
Watch the original "Invasion of the Body Snatchers" for a proper explanation on how and why they are the way they are (but without the aliens, of course).
or a criminal?
...Because they're criminals, dude. Criminals will always support criminals, and those who support others will amplify any voices supporting them, even criminals'.
 
I mean I'm not surprised that Antifags are literally bootlicking the billionaires here, but it's still shocking to see.
I don't think they are, as much as they are pissed off that attention is being taken away from them.

Like the guy right above me that tweeted that we "can't divert attention away from white nationalists."

They crave and NEED the attention and are getting upset because Doge forbid we don't talk about race relations for a few days.
 
New horseshoe theory: people who bitch incessantly about Jews and people who bitch incessantly about those people are both shitting up threads.

We're all faggots, now kiss and make the fuck up so we can enjoy the shower of hedge fund managers tomorrow.

Back to business:
A Forbes writer is claiming short sellers are heroes.
The premise lies in the idea that the short sellers are barometers for bad business moves, and they can tell us when something sucks.
John Tamny, the writer, fails to acknowledge the fact that Melvin deliberately and knowingly undervalued GameStop to make masses of money.
Here's a choice quote:

So he's saying they're bold adventurers and explorers who should be commended for risking their clients' money by fucking over businesses.
(archived)
So Tamny is an editor for a site, RealClearMarket.

One of the founders of this site is John McIntyre, who is an advisory board member of BGR Public Relations and is the CEO of RealClearPolitics.
(archived) (archived)

BGR is a lobbying group that helped a Republican fight and win against a Tea Party candidate in 2014 in addition to helping an ambassador from Saudi Arabia; they also had a number of other endeavors, as listed below.
bgr group.jpg


They were even retained by Carlos Ghosn to the tune of $350,000. Carlos Ghosn is a fugitive, as he was arrested in Japan for an assortment of charges, including money laundering.
(archived) (archived)

Edit: After looking through clients of BGR, I see a lot of big pharma companies, some governments (including Somalia), and the City of Waukesha.
 
This is what scares them. The public is starting to realize that if they really want to hit a company where it hurts, all everyone has to do is chip in a little bit and they can completely destroy any Fortune 500 company they want on a whim. This is going to be the stupidest, funniest class warfare we've ever seen.
Not sure if this has been posted already, but this scene is pretty damn reminiscent of what's currently going on.

 
View attachment 1879570

Apart from all the Wall Street suicides, the best part about this is that the public is finally starting to understand that they can control market value. Giving people absolutely nothing else to do for almost an entire year now has led to a lot of very angry people doing a lot of homework, and with no other way to make money, a lot of people have turned to investing.

This is what scares them. The public is starting to realize that if they really want to hit a company where it hurts, all everyone has to do is chip in a little bit and they can completely destroy any Fortune 500 company they want on a whim. This is going to be the stupidest, funniest class warefare we've ever seen.
The major lobbyists proved that voting doesn't matter long ago, so people finally turned to the market instead.
"Vote with your dollar" on a whole new level.
 
>Everyone who thinks ranting about kikes 24/7 is retarded is a hook-nosed kike
I see A&N has arrived in full force. Give me all your tophats to deflate my reaction score, I don't give a fuck, I ain't selling.
What is it with you people and thinking that the only reason that anyone would possibly think you sound retarded is because they post in A&N?

It's not that deep, sometimes you just sound like a retard.
 
This Faglauski's prose is fucking dogshit. Commie should fuck off.
You expect coherent prose from a commie?

Also, the only thing making me violent is his fauxhawk or whatever stupid fucking hipster hairdo he has. Maybe Leftists would be more sympathetic if they didn't make themselves ugly as sin on purpose.
 
Yea great dickriding by having people complain about antisemitism. Haven't fedpost but alright.
Stick to more kosher content if you think what I'm saying is particularly edgy.
Also good job not answering my question and randomly sperging out!
For fucks sake you utter sped, will you stop sperging about Jews for one fucking day?
 
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