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

Am I going crazy, or being gaslit?

I swear to God I checked GME this morning, maybe before opening and it had cratered to like $198 or something, but that’s not showing on the graph.

They’re trying so fucking hard but I don’t think they can stop this.

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Gig Bucking Fun said:
Either investors get fucked or GameStop gets fucked.

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.
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I don't know what the fuck your talking about.

Gamestop doesn't own the shares. I mean, they do own some shares, but that is only to their benefit when the shares go up. They can cash out and pay off their debts.
 
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Pistoleer said:
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.
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I need to buy some hollow points before bullets become the new silver ounce.
Hackallier said:
I was feeling down yesterday, but my energy is back. UP WE GO!
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Dude between everything being discussed ITT and WSB's constant fight I'm on a roller coaster like I can't believe
Tour of Italy said:
Am I going crazy, or being gaslit?

I swear to God I checked GME this morning, maybe before opening and it had cratered to like $198 or something, but that’s not showing on the graph.

They’re trying so fucking hard but I don’t think they can stop this.

View attachment 1880466
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Someone explained earlier that the time of day changes a lot of things. Also it's volatile as a volcano right now.
 
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Jann_Hörn said:
"GameStop will go back to being that struggling video game retailer at a time when gaming is increasingly moving toward streaming and the idea of stepping into a physical store is still a nerve-wracking prospect during a pandemic."
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Lol they want so much for us to live in fear. Fuck your pandemic, fuck your mask and fuck you, elites.
 
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Gig Bucking Fun said:
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.
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It isn't one way or the other. Financial markets provide liquidity and make investments more expedient, which are a very good things, but that doesn't mean that a lot of things in that sector isn't unproductive and parasitic.
 
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Tour of Italy said:
Am I going crazy, or being gaslit?

I swear to God I checked GME this morning, maybe before opening and it had cratered to like $198 or something, but that’s not showing on the graph.

They’re trying so fucking hard but I don’t think they can stop this.

View attachment 1880466
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That was the closing price yesterday, the pre trading is what provided such a “rapid” increase into the 300s
 
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Tour of Italy said:
Am I going crazy, or being gaslit?

I swear to God I checked GME this morning, maybe before opening and it had cratered to like $198 or something, but that’s not showing on the graph.

They’re trying so fucking hard but I don’t think they can stop this.

View attachment 1880466
Click to expand...
Jann_Hörn said:
That was the closing price yesterday, the pre trading is what provided such a rapid increase into the 300s
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And it was being artificially tanked/suppressed yesterday by Robinhood and their Merry Band of Crooks. The limited trading they're allowing today is in response to the outcry against them.
 
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Dafuqisdis? said:
I don't know what the fuck your talking about.

Gamestop doesn't own the shares. I mean, they do own some shares, but that is only to their benefit when the shares go up. They can cash out and pay off their debts.
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Sorry, autismo moment. I meant to say they won't be able to capitalize off the influx of liquidity aside from cashing out. If they try to expand with the inflated market shares, they will lose money because they inhabit a quickly dying market.

If GameStop cashes out, the stock will crash, meaning investors will get fucked.

If investors cash out, GameStop will just be where it started before the autists took over with a little more money in their pockets.

Finger's crossed it's scenario #2.
 
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Gig Bucking Fun said:
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
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What? A share isn't an exchange note for a specific amount. The price is determined by bids vs asks. Gamestop isn't ever obligated to buy back shares.
 
usoland said:
What's to stop the company from just not honoring the short? They can just convince the government/regulators to step in.
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Lawsuits, fraud accusations, and (further) reputational damage
Rich Evans Apologist said:
Bankruptcy filings, taking out loans to be able to pay them off, debt-trading, so-on
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Speaking of which, yesterday RH had to draw on their Lines of Credit because of the backlash.
 
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JohnDoe said:
Money is meaningless until it is used to do something productive.
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"Money is like manure. It's not worth a thing unless it's spread around encouraging young things to grow."

– Dolly Gallagher Levi, Brooke Astor, or pretty much anyone fact or fiction from that lost school of noblesse oblige
 
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