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

Slap47 said:
View attachment 1879812

You have ruined the lives of good people. Feel sad.
Click to expand...
Meh.
While the notion that these people shouldn't be allowed to restrict others in playing "the game" is true, I wouldn't immediately resort to "well you're a parasite", or the like.

There are plenty of assholes on Wall Street, but it's not as broad a brush as that.

We're told and/or taught to be self sufficient, if not by authority figures, then by the simple reality around us. On this site, I've seen plenty of posts espousing views not far off from "greed is good". Where behaviour opposite to the first part of that tweet has been bemoaned and marked as the sign of a mentality that will never result in financial "freedom" in life. Rightfully so, in many cases.
 
  • Like
Reactions: Derped223 and REMEMBERMKULTRA
Is there a connection between naked short sales and a loophole in the Dodd-Frank act?

I recently found out that Steven A. Cohen, former employer of Plotkin (founder of Melvin), donated an assload of money to Dodd, and so did his collection of hedge funds: SAC Capital Advisors.
 
  • Thunk-Provoking
Reactions: OlgaOfKiev and IAmNotAlpharius
It's great that people are learning in real time that the "free market" is rigged. George Soros did this shit (Except he shorted stocks) to the 8th largest central bank in the world and no one gave a shit. But some redditors do it to GameStop and it's the apocalypse. Their mask is slipping boys. Change is not far away. Show this to everyone you know. The motto is "delegitimize, delegitimize, delegitimize" until the Establishment is abolished and replaced.

Begun the Gamer War has.
 
  • Like
  • Thunk-Provoking
  • Optimistic
Reactions: Uranus Pink, Godzilla1984, CockPockets and 20 others
Slap47 said:
View attachment 1879812

You have ruined the lives of good people. Feel sad.
Click to expand...

Sounds like you wasted your life then.

More and more it becomes apparent that college isn't worth shit except for maybe getting your foot in the door at your first job.

I can't even say "learn to code" is worth it. Between Certifications and just making your own portfolio (aka website), you can probably do without college even in coding. Plus you wouldn't start your adult life with $100K in debt.
 
  • Agree
  • DRINK!
  • Like
Reactions: Uranus Pink, Iwasamwillbe, Allakazam223 and 5 others
Secret Asshole said:
So does anyone have any good investment sites or brokerage sites? I probably should get in on investing, and not meme shit.
Click to expand...
Fidelity is pretty good IMO. They are a serious brokerage with actual customer support (even physical branches) and not a toy app (though they have a mobile app and it’s quite good). I have heard good things about Schwab though I have never used them. Vanguard is the favorite of the Boglehead boomers but I found their web interface to be outdated and cumbersome. Speaking of which, if you don’t know about Bogleheads, it’s a good resource for learning about boring buy-and-hold type investing.
 
Last edited:
  • Like
  • Agree
  • Informative
Reactions: ShinyStar, Homegrown Homophobia, Letora and 2 others
TitanWest said:
It's great that people are learning in real time that the "free market" is rigged. George Soros did this shit (Except he shorted stocks) to the 8th largest central bank in the world and no one gave a shit. But some redditors do it to GameStop and it's the apocalypse. Their mask is slipping boys. Change is not far away. Show this to everyone you know. The motto is "delegitimize, delegitimize, delegitimize" until the Establishment is abolished and replaced.

Begun the Gamer War has.
Click to expand...
Whats going on is the elites have been shedding all the non violent means to conflict resolution.

What this is doing the helping them do it faster and forces them to do it more openly.

This is going lead to violent confrontation between rich and not rich.
 
  • Like
  • Optimistic
  • Agree
Reactions: Uranus Pink, Borrisokeane, FunPosting101 and 9 others
Spasticus Autisticus said:
Fidelity is pretty good IMO. They are a serious brokerage with actual customer support (even physical branches) and not a toy app (though they have a mobile app and it’s quite good). I have heard good things about Schwab though I have never used them. Vanguard is the favorite of the Boglehead boomers but I found their web interface to be outdated and cumbersome.
Click to expand...
Site seems to be pretty overrun right now. I know because I've gotten the same error every time I've applied.
 
DeadFish said:
Whats going on is the elites have been shedding all the non violent means to conflict resolution.

What this is doing the helping them do it faster and forces them to do it more openly.

This is going lead to violent confrontation between rich and not rich.
Click to expand...
If only. Reality is that the government will swoop in and save the investors, some will be the fall guy, or prosecute some WSBers, and new laws will prevent normal people crashing on to the elites' walled garden parties.

I partially wish this can contribute to an economic meltdown of epic proportions as long as the elites are dragged down to hell too.
 
  • Agree
  • Like
  • DRINK!
Reactions: Borrisokeane, Iwasamwillbe, Orange Rhymer and 5 others
hear my theory...
if melvin/other shorters refuse to buy the inflated shars back, they bleed interest money to the original lender X. all of their fund transfers to X and they go bankrupt.
now X, the fuckers who overloaned the shares, isn't bound by any contract to purchase back any shares. it packs its bag and moves
someone help me understand this
 
  • Thunk-Provoking
  • Like
Reactions: Orange Rhymer, Clovis and FAQnews Correspondent
Exbein said:
I partially wish this can contribute to an economic meltdown of epic proportions as long as the elites are dragged down to hell too.
Click to expand...

I'd rather it not only just because I'm sure the powers that be will make sure that the rest of us foot the bill while the Left goes out of their way to make sure their donors get to stay afloat a little while longer. Now...if the meltdown drags them along with it though, I might not mind as much.
 
  • Agree
  • Dumb
  • Like
Reactions: Uranus Pink, Casshern, GreeneCoDeputy and 2 others
just_do_it.jpg
 
  • Optimistic
  • Like
  • Horrifying
Reactions: Uranus Pink, Borrisokeane, make_it_so and 16 others
Exbein said:
I partially wish this can contribute to an economic meltdown of epic proportions as long as the elites are dragged down to hell too.
Click to expand...
I work for my money. I've watched enough episodes of American Greed to understand that you shouldn't give people your fucking money if you don't understand what they do with it.
 
  • Feels
  • Agree
Reactions: Uranus Pink, Clovis, Allakazam223 and 3 others
theshitposter said:
hear my theory...
if melvin/other shorters refuse to buy the inflated shars back, they bleed interest money to the original lender X. all of their fund transfers to X and they go bankrupt.
now X, the fuckers who overloaned the shares, isn't bound by any contract to purchase back any shares. it packs its bag and moves
someone help me understand this
Click to expand...
It's not an idle thought, but it's highly dependent on how the actual short contracts are written. It also depends on what Melvin's backstop is, if they have any: are they organized as a completely independent and separable entity? Do they have insurance? Re-insurance on that?

To be honest I haven't kept up with the post-Dodd structural reforms, so I'm not sure how hedge funds are organizing themselves these days. But unwinding one after a crash is rare enough that we can't predict what happens ahead of time, and the situations are unique enough to change with each crash anyway.
 
  • Like
Reactions: Clovis and the fall of man
You must log in or register to reply here.
Back