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

[HOMO FOR LIFE]

This is all due to federal reserves low interest rate policy that allows for such insane plays to be made here. I don't even blame Melvin capital for being so fucking openly dumb. They did the predictable action to make money with no money.

 

[the fall of man]

I don't think people quite understand how this is going to play out. They're making incorrect assumptions on what the Hedge funds must do by law. The hedge funds can fail to cover their positions today, they're just required to fill it or give an in kind substitute or cash payment within 30 days. Reddit seems to think that the Hedge Funds are mandated to return the stock by buying it at whatever price is being sold on the market, be it $300, $500 or $1,00,000 a share by the end of trading hours on Jan 29th, this is incorrect. Wall Street is culturally derived from the guys who looked like the monopoly mascot, sitting in a back room smoking cigars and cutting deals remains an option for these companies just like they did in the 19th and early 20th century. Remember that Warren Buffet made about 2/3rds of his fortune by giving AIG a cash bail out with terms and rates no retail investor could ever touch. Its highly likely that Melvin and the others could just swap their long positions in Amazon or whatever over as an in-kind transfer.

Key Points About Regulation SHO

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs.

www.sec.gov

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If you're in Gamestop right now I would look for the exit, you're not going to get better returns than this.

Yeah, I’m sure the way put contracts work is that when they fail, you can just replace it with some 0.39 cent THC pharmaceuticals stock. No way that sentence is talking about the difference between class A and class B shares.

And I already made my money on this, I’ll HODL as I please and if the stock goes down to $0 I’ll still be ahead. Get fucked stock market riggers, jannies and the news

 

[northstar747]

You're deflecting from the main point. Your point is that Reddit doesn't have them by the balls, that there's legal ways to unfuck whatever trouble the hedgies get into, etc.

So, supposing that Reddit is wrong and Wall Street still holds all the cards, then why the fuss? If it was a simple matter of Melvin taking a write-off on a bad bet on GameStop, knowing that whatever happened, the laws would protect them (and their multiple houses), it wouldn't be anymore news than whatever Apple's stock was that day and never make it out of the economy news sphere.

Something is wrong. Something is gotten these people very upset. It's like a slighted e-celeb making a 4-minute video about how they "don't care" about something.

So then why the organized push back why the fuckery with robin hood? What your saying sounds nice and its informative but having clearing houses stop trades? having apps sell on your hehalf etc.

If this wasnt gonna burn citidal then why all these crazy moves.

 

[HOMO FOR LIFE]

So then why the organized push back why the fuckery with robin hood? What your saying sounds nice and its informative but having clearing houses stop trades? having apps sell on your hehalf etc.

If this wasnt gonna burn citidal then why all these crazy moves.

Because Robin Hood doesn't have the money to pay the traders. I shit you not.

 

[John Titor]

Gotta say, I'm a little astonished that no one, anywhere, seems to be mentioning what recent politician this little guy looks like . . .

View attachment 1880061
Bathroom's over there, kid.

The logo obviously has some resemblance to Trump but in reality its derived from the E-trade commercial baby:
View attachment 1880063

Huh, here I was thinking it was Leonardo DiCaprio.

 

[Spoonge]

Because when short positions need to be squeezed, banks and lenders stand to lose billions.

It's not just Melvin capital.

Banks will need to cover Melvin's losses. In huge sum.

Still not seeing where this contradicts my point about these guys just been street gangs in suits.
Sounds exactly like what would happen if a crew got bloodied by an outsider. The others would tear them apart if they didnt reassert themselves fast.

 

[the fall of man]

Most people are probably dumping today, including myself. That seems to have been the plan for over 3 days. The ones that hold are the ones that truly just want WS to burn to the ground and more experienced brokers that can handle the pressure, but most normalfags and newbies are getting cold feet already. I'll be keeping 150 euro in, but I don't expect to make any out of it, and that's alright by me.

The contracts expire at end of day. If you’re dumping today, I hope you profit, but you’re not really at the fireworks show.

 

[HOMO FOR LIFE]

Still not seeing where this contradicts my point about these guys just been street gangs in suits.
Sounds exactly like what would happen if a crew got bloodied by an outsider. The others would tear them apart if they didnt reassert themselves fast.

Lol my bud at work was literally calling them mobsters when we were discussing this shitstorm and he worked at stock market firm for decades.

 

[muh_moobs]

Psh, real chads would hold it on the "Escape the falling plane" server of Roblox

Club Penguin.

 

[Spoonge]

Club Penguin.

Club Penguin shut down my man.

 

[DeadFish]

Thats what the retards should do next. Take over a company, fire the big wigs and repo their stuff.

 

[BalthasarGelt]

The contracts expire at end of day. If you’re dumping today, I hope you profit, but you’re not really at the fireworks show.

I've yet to decide on how much I'll keep in. If it keeps at a steady 400~ until markets open I'd already be making 3.5 times the money, which means I can afford to be more bold with the amount I decide to keep. Not sure, not sure, still a bit early in the day to decide such matters. I definitely won't be going to bed at midnight like yesterday today!

 

[Zbk3VmLfujjzjxBd43tL]

Something is wrong. Something is gotten these people very upset. It's like a slighted e-celeb making a 4-minute video about how they "don't care" about something.

Billions of dollars had to get shifted around at a moment's notice and (((people))) are understandably pissed. Melvin Capital has seven clients, all seven must be rather annoyed at this. Gabe Plotkin is pissed he looks like a moron and now everyone knows who he is. The fact it came from a bunch of "kids on the internet" who are making jokes about it infuriates them even more. But they aren't in any real trouble, no. They're just startled this happened and mildly annoyed they had to shift the money and assets around to cover it. And they're spooked it could easily happen again. They DO NOT want this sort of chaos since only they are allowed to manipulate the market.

It's like the Capitol protest all over again. There, the only real hassle was Congress having to leave their chamber for a few hours but they were fucking pissed how a guy in a buffalo robe and viking helmet was standing where they were and an old guy put his feet on Nancy's desk and how the unwashed masses caused them that inconvenience. Nobody was ever in any real danger since it was a bunch of buffoons running around with no plan but they don't want to look weak so they have to treat it like every single Congressman and Mike Pence were about to get dragged out and lynched by a team of elite Spetsnaz.

It's all about looking tough. They're reminding you how strong they are and how they'll be back. The fact they cry and whine about it is both out of frustration and no doubt a way to tempt you into thinking you're stronger than you are so they can destroy you next time, be it putting you and everyone you know killed or thrown in federal prison and getting political benefit from it or tricking you into making money for (((them))) while cleaning your bank account out in the process. That's an important part too, since plenty of (((them))) won big time from this little scheme like this one guy named Cohen who had 13% of Gamestop stock, guess what, he gained well over a billion dollars on this.

 

[the fall of man]

Thats what the retards should do next. Take over a company, fire the big wigs and repo their stuff.

GME shareholders also get to vote on the board members lol

 

[Apteryx Owenii]

Anyway the point I was making earlier, to truncate it, is that if even one percent of the population gets piss-boiling "we need to do something about all this corruption" angry, that's still three million pissed-off people. If congress wants to bail these assholes out or help them in any way I hope they have blowjob machines and million-dollar checks for each and every one of the NG they have in D.C., otherwise it's going to be a shitshow expecting them to kill six-digits worth of people in defense of fucking Wall Street of all things.

There's a big gap between being pissed off enough to do something and pissed off enough to do something personally dangerous. A lot more people are probably willing to risk losing their uncle sam check out of spite (or for memes) than playing for keepsies by actually leaving their keyboards to go fuck shit up in person.

If you believe opinion polls, a significant chunk of GOP voters in the US think the election was stolen. Quite a few were\are mad about it. Some even did a little march to the Capitol building. The feds didn't have to shoot all of them. One was sufficient.

And if it comes down to it they won't be 'defending wall street' they'll be 'defending the economic system from right-wing racist econ-terrorists.' At least that's the headline that will run on CNN.

 

[muh_moobs]

A better clip to share with people going "but they're gonna make people lose their jobs in Wall Street tho!!"
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It was absolutely criminal how hard that film was suppressed during it's theatrical run. Equal parts documentary, educational film, and drama. That entire production was just so genius, too, releasing at just the right time for anyone who was involved to ride Hollywood faux-outrage without power-leveling their stealth conservatism.

 

[Inquisitor_BadAss]

Asian markets have dropped for a second day and Reddit was again to blame. South Korea was hit the hardest with a 3.03% dip.

Monday is gonna be a hell of a show if the fat cats can’t stop buyers.

 

[theshitposter]

If only Bizonacci was alive to see this.

Wait bizonacci the youtuber is dead?? I've the bell icon enabled

 

[muh_moobs]

Western civilization has been in a consistent decline since WW1 imo.

More like the Northern War of Aggression.

WW1 was when the United States decided to start intervening in pretty much every conflict in the world. It set the precedent for our involvement in Vietnam, Afghanistan, Iraq and Syria.

No, the Korean war did that.

The US involvement in WWI was simply a war for the preservation of the banks because of the loans they granted to France and the UK to fight the Huns.

 

[Blake Chortles]

I’m in several meme stocks. Took a beating yesterday but as of premarket im back up. Craziness. Ill sell today most likely, maybe see what happens with amc but im getting out of the rest this is a casino now.

Bought gme at 58 then sold at 93. Don’t I feel dumb. I post here yet underestimated autism.