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

Jimjamflimflam said:
Once this is all done i really hope it starts a new group of financial trolls who do everything they can legally do to fuck with wallstreet.
Click to expand...
Idk if what's happening now is 100% legal tho. Most likely, if they get investigated, it will be considered a "pump and dump" scheme, which is what it's playing out like. Whether they'll get away with it or not is debatable. Manipulation is usually very hard to prove, especially with WSB where you can't really point to one guy and say he's the mastermind. What will end up happening most likely is more regulation, harder crackdowns on P&D schemes, and Robinhood getting fukked.
 
  • Dumb
  • Autistic
Reactions: KimCoppolaAficionado and axfaxf
Anyone remember the great VW short squeeze of 2008?


Here was a case of naked shorters being taken to the cleaners in an infinite squeeze.

VW became the most valuable company in the world for a short period of time.

Eventually it was unwound as the stock holders sold their positions in an organized manner (likely at the behest of the German government).

This was possible because the buying was being done by major institutional investors who had no interest in crashing the system.

Now? Not so much.

You would think the regulators would have learned a lesson from this, you would think wrong.
 
  • Informative
  • Feels
  • Agree
Reactions: Uranus Pink, Sir Yarnsalot, Zaryiu2 and 19 others
AnotherPleb said:
Oh no, won't someone think of the poor bankers?

They can get fucked. They robbed America in 2008 and in 2020, they will get absolutely no sympathy from me. And when they get bailed out the results will be interesting to see.
Click to expand...
You know, when it became clear that Biden was going to be declared winner, I had this funny feeling like the Democrats made some deal with the devil where they asked "Get Trump out at any cost!" And the devil was like "Any cost? Absolutely any cost?" And they said "Yes! Any cost!"

Now, days after Trump has left office, Biden is facing a crisis that will probably force him to pay a massive Wall Street bailout, cancel any stimulus payments to citizens and cut all government spending to the bone. And this during a pandemic where people are in dire financial straits and have unlimited time to wreak havoc in public. Bravo.
 
  • Like
  • Thunk-Provoking
  • Agree
Reactions: Uranus Pink, Sir Yarnsalot, Mojito and 29 others
Gig Bucking Fun said:
Idk if what's happening now is 100% legal tho. Most likely, if they get investigated, it will be considered a "pump and dump" scheme, which is what it's playing out like. Whether they'll get away with it or not is debatable. Manipulation is usually very hard to prove, especially with WSB where you can't really point to one guy and say he's the mastermind. What will end up happening most likely is more regulation, harder crackdowns on P&D schemes, and Robinhood getting fukked.
Click to expand...
I'm taking an optimistic stake. What's so different between a bunch of people talking in public about strategies then a bunch of investors doing it behind close doors? In fact the posters in public is better since its in the open.

I get where you are saying about them cracking down now but i don't think that the public willing to lay back and let it happen this time though. The double standard is more apparent than ever before and now the public has money to throw away for lawyers along with a solidarity forming.

Rainbows welcomed
 
  • Optimistic
  • Like
  • Agree
Reactions: Borrisokeane, make_it_so, Casshern and 12 others
1611939666699.png
 
  • Like
  • Thunk-Provoking
Reactions: Borrisokeane, Iwasamwillbe, PozzedByCoronachan and 7 others
Vaclav said:
You know, when it became clear that Biden was going to be declared winner, I had this funny feeling like the Democrats made some deal with the devil where they asked "Get Trump out at any cost!" And the devil was like "Any cost? Absolutely any cost?" And they said "Yes! Any cost!"

Now, days after Trump has left office, Biden is facing a crisis that will probably force him to pay a massive Wall Street bailout, cancel any stimulus payments to citizens and cut all government spending to the bone. And this during a pandemic where people are in dire financial straits and have unlimited time to wreak havoc in public. Bravo.
Click to expand...
All at the behest of the Chinese.
 
  • Like
  • Agree
  • Winner
Reactions: Uranus Pink, Casshern, Iwasamwillbe and 5 others
Vaclav said:
You know, when it became clear that Biden was going to be declared winner, I had this funny feeling like the Democrats made some deal with the devil where they asked "Get Trump out at any cost!" And the devil was like "Any cost? Absolutely any cost?" And they said "Yes! Any cost!"

Now, days after Trump has left office, Biden is facing a crisis that will probably force him to pay a massive Wall Street bailout, cancel any stimulus payments to citizens and cut all government spending to the bone. And this during a pandemic where people are in dire financial straits and have unlimited time to wreak havoc in public. Bravo.
Click to expand...
If he cancels the stimulus and bails out wall street, all hell will break lose. This administration will have to strategize a little bit more than that.
 
  • Agree
  • Like
  • Optimistic
Reactions: make_it_so, Iwasamwillbe, NIGGO KILLA and 29 others
LurkTrawl said:
Numerous people have explained that it's legal. It's literally the exact same shit the hedgies do, just the plebs doing it to them for once.
Click to expand...
Yes, the squeeze is definitely legal, as is the shorting. Where it gets tricky tho is the unreasonable inflation. That's where a lot of legal speculation comes from.

Autists on WSB picked up on a stock they could squeeze and make money off of, which is legal, but as MSM saw GME being short-squeezed the fuck out of, they ran articles on it, which attracted people outside of WSB into buying in, which again is legal.

The problem I think comes when WSB in light of these new investors, instead of going silent, egged people on to keep buying and holding. I think that's where a case could be made for P&D is when they picked up the ball and ran with it.
 
  • Lunacy
Reactions: Ghostse and axfaxf
LurkTrawl said:
Numerous people have explained that it's legal. It's literally the exact same shit the hedgies do, just the plebs doing it to them for once.
Click to expand...
Doesn't mean they won't try to prosecute WSB. They pissed on the territory of their betters. The little man stood up for himself.
verissimus said:
It's like all the gang is here from the 2020 election. All we're missing is Twitter and Youtube "fact-checking" : https://www.theblaze.com/news/google-deletes-negative-robinhood-reviews
Click to expand...
Google's policies explicitly prohibit reviews intended to manipulate an app's rating
Click to expand...
In other words: "NOOOO HELP ME DADDY GOOGLE! PEOPLE ARE SAYING MEAN THINGS ABOUT MEEE!"
 
  • Like
Reactions: Uranus Pink, Iwasamwillbe, Corette and 11 others
verissimus said:
It's like all the gang is here from the 2020 election. All we're missing is Twitter and Youtube "fact-checking" : https://www.theblaze.com/news/google-deletes-negative-robinhood-reviews
Click to expand...
Google confirmed that it acted to delete the negative reviews to The Verge, claiming that the dissatisfied Robinhood customers leaving negative reviews violated Google's policies by intentionally trying to drive down the app's rating.
Click to expand...

How DARE people try to "drive down the app's rating" when the app is blatantly fucking them over!
 
  • Like
  • Feels
Reactions: Uranus Pink, Sir Yarnsalot, Saturnalia-1918 and 19 others
Vaclav said:
Now, days after Trump has left office, Biden is facing a crisis that will probably force him to pay a massive Wall Street bailout, cancel any stimulus payments to citizens and cut all government spending to the bone. And this during a pandemic where people are in dire financial straits and have unlimited time to wreak havoc in public. Bravo.
Click to expand...
Are you telling me that because of this stunt, the federal government may bail out the hedge fund? Please don't have another Housing Recession ON TOP of Coronavirus and the college debt bubble. Let them squirm.
 
  • Thunk-Provoking
  • Like
Reactions: Shroom King, Shield Breaker, Bob's Fries and 1 other person
Vaclav said:
You know, when it became clear that Biden was going to be declared winner, I had this funny feeling like the Democrats made some deal with the devil where they asked "Get Trump out at any cost!" And the devil was like "Any cost? Absolutely any cost?" And they said "Yes! Any cost!"

Now, days after Trump has left office, Biden is facing a crisis that will probably force him to pay a massive Wall Street bailout, cancel any stimulus payments to citizens and cut all government spending to the bone. And this during a pandemic where people are in dire financial straits and have unlimited time to wreak havoc in public. Bravo.
Click to expand...

At first I didn't think this had anything to do with the election but as it goes on I'm pretty sure it does.


The timing of it, the exposure of hypocrisy on the left with them now jumping to the defence of the nameless, faceless types who run the economy and the media deciding that it is Nazis doing it because it actually upsets the establishment (unlike months of fruitless "protests").

The Biden administration is going to be fucked with like this for every second of the next four years and forced into decisions that will piss off even their most ardent supporters.
 
  • Thunk-Provoking
Reactions: Bob's Fries, ElAbominacion and Rotollo
You must log in or register to reply here.
Back