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

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mr.moon1488 said:
Likely the best way to play this is just rinse and repeat this pattern.

Buy stocks short sellers are in on with what you can afford -> wait until the short sellers get gassed and have to cash out on said stock -> cash out yourself -> move on with the crowd to the next target.

So long as you don't jump in late as fuck, you should make a fair profit each time while shoahing the short-sellers.

Edit:
This model also makes it an attrition game against them which will do more lasting damage.
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And if we’re smart and just use money we don’t care about or we can afford to lose it’ll hurt them even more.
 
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mr.moon1488 said:
Buy stocks short sellers are in on with what you can afford -> wait until the short sellers get gassed and have to cash out on said stock -> cash out yourself -> move on with the crowd to the next target.
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Just as long as you bear in mind that a stock which is shorted may actually be shit, and the short might be a correct judgment. When you throw money at some of these, you're assuming that they're being undervalued - and ideally, as more people come to that same conclusion, the price rises up in speculation, then comes down. Ideally you want to hop off while it's still going up, before it settles back down into equilibrium. GME was totally unique because of just how many shares were shorted.

Like, the people going on the AMC stock don't -actually- think that cinemas are coming back, do they? Not when movies have been streamed online for a bloody year and most folks have realized that going to the big-ticket theaters fucking sucks. Maybe it'll go up a little when the lockdown ends, sure, but folks who were buying in when that stock had already shot up, expecting it to behave like GME, are just asking to lose their money.

GreeneCoDeputy said:
At this point the people buying are doing the real work to make sure it sticks. They should get a ribbon for their Civil War 2 uniforms, at least.
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Yeah, they're burning their own money to burn way, way more of the fucking wall street billionaires'. There's a very real risk to many of them that they hold the line so long that there's no way they make any of their money back - which is why they should be saluted for putting their money where their mouths are. They're spending money to drive these hedge managers to suicide, expecting potentially nothing in return, and that's just a feel-good story for the whole family.
 
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LurkTrawl said:
How is it telling them what to do with their money when it's a suggestion? This isn't some backroom collaborative deal, it's some jackass screaming "BUY BUY HOLD!" in public. If a homeless man were to scream "BUY GME AND HOLD IT!", and people did, would that be illegal?

No. Again, not that it matters. This whole conversation hinges on the idea that they'd get a fair trial, which if this does end up with the govt. trying to cudgel them to make some examples they certainly won't be given one. Just like this wasn't about money (and really, not even "sticking it to the man" so much as hilarity, which is a righteous cause in and of itself I suppose), what comes next won't be about "justice" or "the little guy" or anything like that. It'll be about cold revenge and trying to scare the populace.

None of this matters past this point, what matters is what happens next and what happens after that. Not really the minutiae.
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You’re right, it’s not illegal if friends and/or family tell you “I think this stock is going up, you should buy it”. It is for someone who owes a duty to you as a customer.

It’s also illegal when it’s in service of a larger scheme at hand, which is what I believe they’re going to run with if they ever decide to take WSB to court.

They’ll label this a “Pump and Dump” and will try and argue the WSB mods were facilitating the rollout of this scheme by telling everyone they can to buy this stock. They will consider this “manipulation of a stock” in order to “pump” a symbol.

I’m not taking sides, but if WSB were taken to court, this is how they would proceed. It would be an uphill battle for the prosecutor and an easy win for the defendant, but it’s what would happen.
 
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HARDCORE SYNDROME said:
"Poor people shouldn't learn basic personal finance fundamentals because everything is a lie"

???????

Like I agree that the short selling stuff is messed up and all, but those are two totally separate problems.
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agreed, arguably poor people should be encouraged to learn this shit so we can take fat dunks on hedgies more often because more people will be financially literate enough to sniff em out
 
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Anti-Racist Twitter has been seething with rage over the past few days over perceived and actual antisemitism generated from the event, but Daniel Harper in particular is bitching the loudest:
Seething Daniel Harper 1-29-2021.png

Other Tweets of note come from the faggot who runs angrywhitemen.org and Gwen Snyder the Antifa cunt:
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Strasserist Twitter's been having a field week laughing at the impotent seething:
Tedward B Wang on Marxists 1-29-2021.pngTedward B Wang on Slobbering Philosemitism 1-29-2021.pnghereliesthighs on The Left's Reaction to GME 1-29-2021 .png
 
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RichardMongler said:
Anti-Racist Twitter has been seething with rage over the past few days over perceived and actual antisemitism generated from the event, but Daniel Harper in particular is bitching the loudest:
View attachment 1880839

Other Tweets of note come from the faggot who runs angrywhitemen.org and Gwen Snyder the Antifa cunt:
View attachment 1880844View attachment 1880845

Strasserist Twitter's been having a field week laughing at the impotent seething:
View attachment 1880857View attachment 1880858View attachment 1880870
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According to the media and a bunch of faggots on twitter, this is whats happening right now:
the-media.jpg
 
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Rich Evans Apologist said:
I missed that train, and I'll kick myself for it, but there's no real reason to buy in at this moment if you think it'll make you money. You buy in to be a part of history and stick it to the hedgies.
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I bought like 10 shares at $300 yesterday on the grounds that maybe I’ll double my money, but if I don’t, lol, it’s certainly not the first stock I’ve gotten ass fucked by.

Edit: I’ve also vowed to spend a significant portion of whatever I make (if anything) at GameStop. It’s only right. Also my kid wants a Switch.
 
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