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

[Bosmadden]

Remember when the left actually fought against the globalists? Now they can't, because alt-right CHUD Nazi incels are also fighting against the globalists, so they can't look like they're on the same side. Not a good look, yikes, very problematic ya'll.

I never thought I'd get nostalgic for the 1999 Seattle riots, but here I am now, cheering for it to all burn it all down. Clown fucking world.

Some of them still make an occasional anti capitalist rant, but you can tell their hearts aren't in it.

A lot of them are trust fund kids with i-Phones and allowances. Shit there was a couple of corporate lawyers in New York caught trying to firebomb a cop car.

Antifa have devolved into what they used to hate the most, Bourgeois LARPers out for Twitter ass pats. Revolution my ass.

 

[Buttigieg2020]

Bill gates owns almost all of the farm land in America.

He is one of the elite just like Biden.

Think about that.

His investment firm is the largest single owner of farmland, but he own 242,000 acres of 900 million.
Barely a blip on the radar.

 

[Meat Target]

bunch of friends and family bought some GME for the lulz

I want to, but I'm anticipating the shorties will pull something out of their bag of tricks at the last minute.

 

[DyingStarsForever]

Naked shorting is already illegal. The hedge funds borrowed shares at insane premiums to keep up the short selling. They had the "too big to fail" mindset despite being peanuts in comparison to the big boys.

The ban on naked shorting isn't in law, it's just SEC praxis, and it's selectively enforced.

 

[Doctor Professor Timon]

I want to, but I'm anticipating the shorties will pull something out of their bag of tricks at the last minute.

 

[Hackallier]

Seeing all the media, including the "progressive" ones, come defend Wall Street in unison is hilarious. Still, the NPCs will never get this.

 

[Tour of Italy]

God, I hope this is fucking real.

 

[Blackhole]

>go to bed at 120 pages
>wake up at 202
Oh boy,it's time.

 

[Niggermancer]

Finally got 'allowed' to invest as I please. In on this train wreck.

 

[Damocles_Sword]

I want to, but I'm anticipating the shorties will pull something out of their bag of tricks at the last minute.

I'm expecting them to freeze everyone else out at 3:59:50 and turbo short ladder.

 

[Gig Bucking Fun]

Yeah companies will have allotments of stock that are reserved for things like compensation, but they can't just sell that whenever they want. Same goes with the executives and other insiders. If you are in possession of insider information there are all sorts of regulations restricting you. You can't just log onto your brokerage and sell whenever you want.

Yeah, that makes sense. Maybe it's because I mainly trade OTC, but I've seen owners fuck with majority shares on a daily basis.

My question is what's GameStop, the company's, next move. They've pretty much been radio-silent during this whole madness. With all the confusion right now, I wouldn't be surprised if they were able to siphon shares for cash quietly while it getting mixed in with people purchasing more shares.

Sorry if that sounds tinfoil-hat, but I've seen people get away with much more egregious shit.

 

[Meat Target]

I'm expecting them to freeze everyone else out at 3:59:50 and turbo short ladder.

I think I'm too late anyway. As of now, it's at about $330 a share. If I'm gonna waste that much of my hard-earned shekels, it's gonna be on guns and booze.

 

[Orange Rhymer]

How would the other Chosen recognize one of their own, goy? Oy vey!

Jesus. Nice triple poast.
Unrelated question:

How does a hedge fund purchase 140+% of a stock? How is it possible to buy 140% of all the apples in a grocery store?
Is that an 'exploit' ? Illegal? or just a feature?

 

[Exbein]

since this is FUCKING GAMESTOP!
this feels like watching a speedrun live on a WB attempt to defeat the final boss hedge funds

we are all watching if the speedrunners are going to clinch the run or fumble at the last second

 

[Spasticus Autisticus]

Yeah, that makes sense. Maybe it's because I mainly trade OTC, but I've seen owners fuck with majority shares on a daily basis.

My question is what's GameStop, the company's, next move. They've pretty much been radio-silent during this whole madness. With all the confusion right now, I wouldn't be surprised if they were able to siphon shares for cash quietly while it getting mixed in with people purchasing more shares.

Sorry if that sounds tinfoil-hat, but I've seen people get away with much more egregious shit.

Share buybacks are definitely a thing and relatively common especially these days. I'm not sure if those have to be announced beforehand, but if they did do buybacks, we'll eventually find out on their quarterly reporting.

 

[Jarolleon]

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.

People like us have all the time in the world to sit at home, research shit, form our ideas about the world, and then hash them out by arguing on the internet. These people spend 14 hours a day running the rat race, no wonder they're a bunch of sheep worldview-wise.

Then again, when glorified NEETs ran the world we didn't have good medical technology yet so that period will always be seen as a shithole.

 

[WinchesterPremium]

I think I'm too late anyway. As of now, it's at about $330 a share. If I'm gonna waste that much of my hard-earned shekels, it's gonna be on guns and booze.

You can buy fractional shares from some brokers, so you could just buy $5 worth.

 

[Hackallier]

Got a laugh out of this, sorry if it was posted earlier:
https://coinmarketcap.com/ Put WallStreetBets as the top Cryptocurrency.

 

[Bosmadden]

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.

So you're saying GME will start issuing millions of new shares into the market to re-capitalize?

That's not something that can happen in a few days or even weeks. If they saw this coming months ago maybe, but fucking no one saw this coming, so no.

The hedge funds have, at most, a few days to cut their losses. I don't see the Game Stop board riding to the rescue. If the owners hold their shares the funds will be utterly destroyed, that's a mathematical certainty.

The only thing that gives me pause is whether it's really the small retail investors who actually own the bulk of the stock, or whether this is other Hedge Funds sharking. They won't want to crash the system and will get out at a suitable time.

 

[axoz]

Well whatever happens between now and when market close tonight

Fuck Hedgies
Fuck Jannies
and Fuck Wallstreet