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

[Marissa Moira]

Think of the consequences

Well I do like surprises.....

 

[The Wicked Mitch]

here is what happened. deepfuckingvalue was probably paid out by some dude at GameStop.

DFV propped up GameStop with the help of WSB over time, even creating a website to justify his position.

Executives at GameStop realized they are all gonna have to suck dick if the short position keeps suppressing the GME value and also the company sucks, btw.

DFV and GameStop coordinate a ponzi scheme to pump up the stock value and it worked beyond their wildest dreams.

Y'all got fuking played by Wallstreet.

I wonder how DFV managed to convince Melvin et al to short over 100% of the stock

 

[Honka Honka Burning Love]

I know my local theatre has a full bar in the lobby so you can blasted before your movie.

That might not be good for a Drive In, but like Imagine a Saturday Night Theme night..first 3 Die Hards in a Row, 10 Bucks and have Classic Diner quality food, Winter? Hot Cocoa.

 

[HOMO FOR LIFE]

Gamestop exec's were smart enough to come up with an unprecedented phenomenon but weren't smart enough to keep a used game store afloat while mom and pops been doing it for decades. Sounds legit

Like Sears, like K-Mart, execs like to strip their companies dry and just focus on stock valuation and payouts. Nothing new, really.

 

[Jump]

Their one chance is to convince people that Reddit is hurting other people's retirements. Even if it's not true, to at least convince people of it.

From my Facebook feed:

I don't know how well that is going to work out.
When you start talking about pension funds you end up reminding Zoomers and young Millennials that they don't get to get a pension.

If you become a state worker in my state today you have to PAY in to a pension fund you don't get to collect on. It's just to float the boomers contracts from days past. Zoomers pay in and get nothing but 401k.

The "tier 1" boomers put in 20 years and got to retire with 90k/yr pension and healthcare for life.
The "tier 4" Zoomer will have to work till he dies and his shitty 401k can vanish tomorrow. And has to pay for Tier 1/2/3 that came before him.

So ya keep bringing up Pensions. That will surely chill the reddit bro's out.

 

[Cum]

Are we supposed to be mad that a company on the verge of bankruptcy is paying off debts to avoid bankruptcy?

 

[Exbein]

Till they divert all the money to the new AMC PLUS (TM) streaming service

Spoiler: The short seller's Japanese nightmare

View attachment 1881622

This stock shit played out like Yakuza 0
Who will win, the Billionaires

or one smart boi?

 

[Michael Jacks0n]

i am prepping my short position to bring down the price of GME.

next week, I will be a billionaire.

Every time you post anything on the Farms, I always read your comment in Chantal's voice and imagine her doing that shameless laugh at the end of each sentence. Now all I can visualize is a billionaire Foodie Beauty bragging about buying a million Whoppers in a single day.

 

[Vaclav]

HOWEVER, my logic on this whole thing is that it is good these fuckers are going under. Every wannabe broker for the past 10 years has been watching The Big Short idealizing about how these guys were the only ones to make money off of the market collapse because they were smart, and wanted to do the same thing.

I'm curious about something, to your knowledge have there been any major financial crises in the past involving overvalued short positions? Most of the big crises I can think of have been connected to long positions that were overvalued - the 1929 crash, the tech bubble, the housing crisis, etc. Too many people were way long something that wasn't as valuable as imagined.

This is the first crisis I can think of that comes from overvalued shorts. And a short-driven crisis seems much more dangerous because of the potentially infinite nature of the losses. There was a post on WSB claiming that they had been within spitting distance of causing basically an infinite growth loop for GME valuation because market makers wouldn't have sufficient liquidity to cover obligations for purchasers of GME, resulting in GME becoming more valuable, resulting in their liquidity falling even shorter of the mark, causing GME to become more valuable, ad infinitum.

Given a "financial singularity" of this kind, I'd think that it could possibly force banks to print money equal to some large N times the world's entire monetary supply in a single year resulting in Weimar-level inflation.

 

[+MarkOuttaBat+]

Are we supposed to be mad that a company on the verge of bankruptcy is paying off debts to avoid bankruptcy?

I like more competition, keeps me entertained to see these companies try to out best each other.

 

[Syaoran Li]

Mercury's gamers actually won against Mammon's bankers.

Even a short-term victory is good enough for me after the shitshow that was 2020.

 

[God of Nothing]

Are we supposed to be mad that a company on the verge of bankruptcy is paying off debts to avoid bankruptcy?

Yes, you filthy peasant. Your patricians won't be able to afford that private island they've been paying the upkeep of.

 

[Honka Honka Burning Love]

Mercury's gamers actually won against Mammon's bankers.

Even a short-term victory is good enough for me after the shitshow that was 2020.

Fighting Evil with Tism, Fapping off to Trannies..they are the one known as Redditors.

 

[Orange Rhymer]

I wonder if revolutions are started by the people trying to pull fast ones on the elites, and each time they do they start notice amazing levels of fuckery like 'unwinding the stock market'. Then it just escalates and escalates until Minecraft is the only thing they can't 'unwind'.

Well said. Well said.

 

[LUNEKO]

basically an infinite growth loop for GME valuation because market makers wouldn't have sufficient liquidity to cover obligations for purchasers of GME, resulting in GME becoming more valuable, resulting in their liquidity falling even shorter of the mark, causing GME to become more valuable, ad infinitum.

Straight up going to make Gamestop the most valued company in the history of mankind trough sheer technicality, amazing

 

[Superman93's Bitch]

Reminder to any big winners in the week's games to DM null directly with a modest donation/invoice request for being one of the few free places on the internet to watch and discuss the Happening™

I don't see a donator tag on your username, buddy. Practice what you preach. And before you turn this around on me, I will have one in 5 days.

 

[The Wicked Mitch]

Please also note how CNBC in particular has taken to referring to this as the "Reddit Rebellion"

Combine this with muh Trumpism/white supremacy/populism/racism and im sure you can all understand why it was absolutely imperative for the government to shutitdown.jpg

 

[Creep3r]

time for everyone to start screaming at each other and start calling each other faggots until 8:58 monday

my kinda time

What else are we going to do for 2 days?

Jerk each other off like the faggots that you are.

 

[Orange Rhymer]

Fighting Evil with Tism, Fapping off to Trannies..they are the one known as Redditors.

Request granted:

 

[+MarkOuttaBat+]

Straight up going to make Gamestop the richest company in the history of mankind trough sheer technicality, amazing

I wouldn't have a problem with this.