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

[LurkTrawl]

The difference is when someone like Jim Cramer tells people "I like this stock" they aren't also saying "BUY THIS STOCK NOW, AND DON'T YOU DARE SELL IT!"

And? I'm not seeing how the "and don't you dare sell it" is relevant. At all.

More importantly, I don't think the public will either. Which is what matters now, since the system is so fucking incestuously interwoven at this point that if they go for it it'd be a kangaroo court anyhow.

 

[Cabelaz]

Holy shit. I was ahead of curve.
Here what some folks are saying about our current sitiation:

https://mobile.twitter.com/cp_tis/status/1355197395357868033

Im quoting:


We allowed them all this power. It's a little late to be crying about it now. It sucks, but that's kind of the reality of the situation. Any significant change is going to hurt everyone. If you're willing to endure the pain keep on fighting.


So the choice seems to be, "suffer a bit because of the fight" or "remain serfs."

No, the choice is destroy the world as we know it, or live comfortably for as long as we can. I honestly haven't come down on a side yet.

The fundamental foil is that there will always be a ruling class. It's simply an unavoidable side effect of human nature.
This is what leaves me undecided. There is no easy answer.

 

[Bill The Fucker]

No they didn't. How did they borrow 140% of the entire float? They can't.

Who do you think they short sold it to?

 

[CreamyHerman’s]

Proposal: Why don’t us kiwis invest in NOK? There’s what, 50k of us? We can do some damage and boost it

I've decided to dump 50 quid to buy 10 shares, do it. Match me or bettter

 

[Cubanodun]

Coinbase is now fucking with people buying crypto in imperial coins, a shame because is the only walled i had :/

 

[JohnDoe]

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.

I fucking warned all my TDS suffering friends that a Biden administration, especially won in the manner we saw, would eventually give rise to a political movement that would make their delusions of right wing facism seem like a pleasant dream.

The stage is being set. Trust in all institutions is at rock bottom. Massive poverty and stress driving people to action. A populist momentum in search of an antiglobalist direction. And the Establishment is shutting release valves and increasing the heat.

So when some American equivalent of Caesar or such rises and their unhinged fears become reality well...at least we had some good memes!

 

[LemmeSee]

r/MelvinCapitalLove

r/MelvinCapitalLove: Seeing the hatred Melvin Capital tends to receive on this website, some friendly Hedge Fund allies have set this community up …

www.reddit.com

Fun subreddit for anyone looking to bait gullible retards.

 

[Beavis]

The accelerationist in me wants this to result in a bailout since there is no way that it would go over well with anybody that isn't receiving it and would be a complete disaster for everyone in power. 2021 is looking to be a kino year.

I think there will be a silent bailout and robinhood will shutter within a week or so. I don't know how the bailout will happen, but it will happen.

 

[instythot]

Who do you think they short sold it to?

First, how did they borrow more of it then exists?

 

[Gig Bucking Fun]

The thing about them coming under more scrutiny is what are they even going to scrutinize? Does it become "market manipulation" to discuss a hyped project, especially in something like crypto? If a there's a sizeable community that jumps on a bandwagon, is that market manipulation? I highly doubt the whole "we just think it has good fundamentals" meme would really hold if they cared to come after any of these boards.

That's what makes the pajeet CNBC interview interesting. He likens these boards to investment hedges and the anchor immediately scoffs. This is SUPPOSED to be there infinite wellspring of pretend number wealth, and to think that anyone could cross that barrier and "understand" their arcane games is laughable to them.

My POV is that the regulators let it slide because they think "It's just a couple retards losing more money than they're winning", but now that they see they can squeeze a $2b firm to bankruptcy, they're going to be much more hands-on with stock discussion and P&D groups cuz they don't want this shit happening again.

 

[I'd abeeb bear]

My POV is that the regulators let it slide because they think "It's just a couple retards losing more money than they're winning", but now that they see they can squeeze a $2b firm to bankruptcy, they're going to be much more hands-on with stock discussion and P&D groups cuz they don't want this shit happening again.

It does align with the IRS going after 50% more small businesses this year. Easy to get tinfoily about how much of this is one singular effort when you look at all sides.

 

[The Last Stand]

So much for Trump keeping Wall Street in check. Biden's "monitoring the situation" now.

 

[melty]

The fundamental foil is that there will always be a ruling class. It's simply an unavoidable side effect of human nature.
This is what leaves me undecided. There is no easy answer.

I believe it's inevitable to have a ruling class too, I just think our current ruling class needs to be reminded of their place. They have gone too far and are taking too much.

 

[Bosmadden]

The accelerationist in me wants this to result in a bailout since there is no way that it would go over well with anybody that isn't receiving it and would be a complete disaster for everyone in power. 2021 is looking to be a kino year.

The 800 billion Congress voted to hand to Wall St in 2008 was mostly optics. They wanted a ZOMG!, we're all gonna be eating dirt if we don't fix this moment. And they wanted a bullshit loan repayment program so they could tell the masses that yeah we bailed them out but see? They've paid us back with interest.

The real bailout was the trillions of dollars the Fed provided through their QE program. All that money was outright stolen from everyone.

If it happens again it will be the same minus the Congressional vote.

 

[JustSomeDong]

Didnt watch entire thing but if it means what I think it means....

Theyre going starve out the population to enact control.

No wonder they got dc on lock down.

They got heinous plans for us...

Dont mind me, just putting it out there that government contractors think shits gonna go down.

 

[Bill The Fucker]

First, how did they borrow more of it then exists?

Because they short-sold it back to the people that they borrowed it from, then repeated the process. This isn't news.

 

[Jimjamflimflam]

The difference is when someone like Jim Cramer tells people "I like this stock" they aren't also saying "BUY THIS STOCK NOW, AND DON'T YOU DARE SELL IT!"

They have plenty of highly upvoted posts from people who sold. Im sure a big fancy city lawyer will try to show how a bunch of memes saying hold can be construed as part of the pump and dump but i don't think it will be a easy experience for them to for them to make it seem like a pump and dump scheme.

 

[LurkTrawl]

I believe it's inevitable to have a ruling class too, I just think our current ruling class needs to be reminded of their place. They have gone too far and are taking too much.

There's a difference between having people in positions of affluence and power in society, and letting them have utter control over the peons.

One is a system that serves citizenry. The other is a system that dictates commands to subjects.

 

[Salubrious]

I think there will be a silent bailout and robinhood will shutter within a week or so. I don't know how the bailout will happen, but it will happen.

Money printer will go BRRRRR and Biden will say that "we needed to stablize the economy from Trump's white supremacist followers."

I'm telling you, EVERYTHING that goes wrong in the next 4-8 years will be Trump's fault for "inspiring racists."

 

[instythot]

Because they short-sold it back to the people that they borrowed it from, then repeated the process. This isn't news.

In that case the first contract would be resolved and the outstanding short balance would stay under 100%