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

[Daddy's Little Kitten]

It is the day!

 

[Haim Arlosoroff]

It's not as easy as that, unfortunately. If they truly believe in this they're retarded.

They're retarded. Imagine sitting in a room hearing "Unlocking Humanitarian and Resilience Investing through Better Data" so "Humanitarian and Resilience Investing (HRI) can secure the gap between current financing levels and those required to deliver the Sustainable Development Goals." Did I make that up, or am I at Davos? The Answer

They're hopelessly passive and obedient to the whims of their moment-to-moment emotion. Its like sitting at church, but its a cult, and worse everyone thinks its exclusive. That is what being global rich is like. Farm Animals, the lot.

Although they wouldn't knowing cause Armageddon, just stumble and fumble like in 2008.

 

[Rich Evans Apologist]

I might be way off base on this, but is it possible this is working so well because the glowies never thought to infiltrate a fucking investment reddit page?

Every political movement for decades that genuinely hates the government gets destroyed from within, but these guys apparently manage to get the entirety of Wall Street and Washington enraged in a few days. What if the problem isn't that it's hard to fuck over the government, but actually that it's easy if you can organize without the federal government doing everything they can to inject your group with idiots?

What could the Feds have realistically done? Told the idiot hedgies not to short so much? Told them to buy back the shorts and eat their losses quickly, rather than trying to 'beat the hype' that snowballed into billions in the red? I don't think there's much to stop this - shorting was something most people had never heard of before this debacle, or a term that people loosely knew existed but knew nothing about. Now they realized that wallstreet fucked up, and that there's nothing anyone can do to stop them - well, until this shonky shit with freezes and forced-sells kicked in - from what's going on.

And given the history of how the upper echelons of US society works, the glowies would have warned the hedgies about the risk of their super-shorting getting detected, and the hedgies would've done it anyways.

 

[Meat Target]

This whole "racism" take on this shit is so retarded. I don't agree with the P&D, but trying to spin it as "white supremacists killing the stock market" is fucking autistic.

To those who only carry hammers, everything looks like a nail.

But we all knew those headlines were coming. They can't come up with an explanation that would require introspection on their part. Oh no, every act of dissatisfaction with their divine right to rule Our Democracy is the machinations of a vast far-right shitlord conspiracy.

 

[Lord of the Large Pants]

In the gilded age, the era of the robber barons, there was an actual trickle down effect, culminating in Henry Ford paying his workers above market rates because he thought it a good thing that the people who made him rich share in the spoils.

The difference between now and then is that the commanding heights of the American economy is no longer owned by Americans.

It's more that, compared to Ford and Rockefeller, the financial sector doesn't actually PRODUCE anything. All they do is move money around, generally from people who have less money than they do.

 

[Maurice Caine]

They're retarded. Imagine sitting in a room hearing "Unlocking Humanitarian and Resilience Investing through Better Data" so "Humanitarian and Resilience Investing (HRI) can secure the gap between current financing levels and those required to deliver the Sustainable Development Goals." Did I make that up, or am I at Davos? The Answer

They're hopelessly passive and obedient to the whims of their moment-to-moment emotion. Its like sitting at church, but its a cult, and worse everyone thinks its exclusive. That is what being global rich is like. Farm Animals, the lot.

Anyhow, they might have all the money in the world but they sure as shit aren't god.

 

[Meat Target]

In the gilded age, the era of the robber barons, there was an actual trickle down effect, culminating in Henry Ford paying his workers above market rates because he thought it a good thing that the people who made him rich share in the spoils.

The difference between now and then is that the commanding heights of the American economy is no longer owned by Americans.

It's more that, compared to Ford and Rockefeller, the financial sector doesn't actually PRODUCE anything. All they do is move money around, generally from people who have less money than they do.

I'm too lazy to go look for it, but someone last night ITT posted a clip from the movie Other People's Money, where a character says something very similar.

 

[Doctor Professor Timon]

Anyhow, they might have all the money in the world but they sure as shit aren't god.

Have had*

Melvin's in for over double its worth based off the numbers and more. LOL.

 

[Michael Wade]

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.
View attachment 1880143
Monday is gonna be a hell of a show if the fat cats can’t stop buyers.

SO this is how we stop china? Wow. Bet those bastards are pissed.

 

[Marissa Moira]

Welp I don't think this is aging quite as well as it did before this week

 

[Gig Bucking Fun]

It's more that, compared to Ford and Rockefeller, the financial sector doesn't actually PRODUCE anything. All they do is move money around, generally from people who have less money than they do.

Actually, it does. The liquidity small, independent investors put into companies allow them to expand and create jobs. The problem with GameStop is their growth is so unrealistic that they can't capitalize off it. Whether or not they have liquid assets is irrelevant not only because they're in a dying sector of the market (brick-and-mortar video game shops), but also because as soon as people start selling, they're going to have to pay back their shareholders at market price, which they'll be unable to do. If anything, the pumping of GameStop will hurt it equally as much as the shorting.

 

[Dark Edea]

if the short sellers are no longer in GME, why are the journalists are still sucking their dicks???
View attachment 1880404

Populism bad.

Orange Man bad.

Ordinary Americans bad.

 

[muh_moobs]

They're retarded. Imagine sitting in a room hearing "Unlocking Humanitarian and Resilience Investing through Better Data" so "Humanitarian and Resilience Investing (HRI) can secure the gap between current financing levels and those required to deliver the Sustainable Development Goals." Did I make that up, or am I at Davos? The Answer

They're hopelessly passive and obedient to the whims of their moment-to-moment emotion. Its like sitting at church, but its a cult, and worse everyone thinks its exclusive. That is what being global rich is like. Farm Animals, the lot.

Although they wouldn't knowing cause Armageddon, just stumble and fumble like in 2008.

More like "Animal Farm".

 

[Meat Target]

Actually, it does. The liquidity small, independent investors put into companies allow them to expand and create jobs. The problem with GameStop is their growth is so unrealistic that they can't capitalize off it. Whether or not they have liquid assets is irrelevant not only because they're in a dying sector of the market (brick-and-mortar video game shops), but also because as soon as people start selling, they're going to have to pay back their shareholders at market price, which they'll be unable to do. If anything, the pumping of GameStop will hurt it equally as much as the shorting.

So if/when WSB gets their payout, what's stopping them from just taking the money and running?

 

[Pistoleer]

What the fuck is it even at now for a box of 50? It was already at $25 a few months before the capitol shit in an extremely red state.

Going for about $0.80 a round right now. We’ve been going in together to buy then dividing it up in order to get priority orders. Even with an in with wholesalers it’s exorbitant.
My .458 is almost at $3 a bullet. Shits insane.

 

[Bosmadden]

Every time there used to be a protest in downtown Seattle the police would immediately block off the area around Niketown. Ever since WTO it became kind of a ritual for them to smash up Niketown. But now Nike is woke and supports Colin Kaepernick so that doesn't happen anymore.

The summer rioting and the lockdowns were a corporate sponsored effort to destroy small business.

The only time you saw the big box retailers targeted for looting was when gangs of joggers took advantage of the chaos for free gibs.

Mr. Antifa, why are you burning down that minority owned convenience store? Oh they're white supremacist Yatzees you say? I see.

 

[Gig Bucking Fun]

So if/when WSB gets their payout, what's stopping them from just taking the money and running?

Either investors get fucked or GameStop gets fucked, unless GameStop is able to single-handedly generate tens of billions of dollars in revenue out of thin-air.

If GameStop actually pays back, they'll be unable to and will either have to take out massive loans to pay them back or just declare bankruptcy.

If investors don't get paid back, they get fucked cuz GameStop will just take their money and not fill their sell orders.

 

[axfaxf]

but also because as soon as people start selling, they're going to have to pay back their shareholders at market price, which they'll be unable to do. If anything, the pumping of GameStop will hurt it equally as much as the shorting.

How does this work? ^^

 

[JohnDoe]

It's more that, compared to Ford and Rockefeller, the financial sector doesn't actually PRODUCE anything. All they do is move money around, generally from people who have less money than they do.

If only more people understood this basic concept. Money is meaningless until it is used to do something productive. All these Hedge Fund people do is make numbers on computers go up.

 

[LaxerBRO]

Can confirm.

And while it's nowhere near as cheap, Amtrak is a relaxing & fun alternative to driving if you've got the time.

Social distancing was never a problem outside of the commuter corridors on the east & west coast; and but now entire cars are fairly deserted. Having whole rows to yourself is the rule, so buying a sleeper ticket is retarded.

The secret to Amtrak travel is to bring your own provisions & bedding; never buy anything off the train, especially alcohol.

You can bring your own booze if you are in a sleeper and the porter don't give a shit if you drink in public, respectfully.

In addition, you get some diner level meals in the restaurant car included in your ticket.