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

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The Wicked Mitch said:
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Truth is, we're all just NPCs in His simulation.
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Honestly, so 2021 is the year I'm going to learn to put money in places that are not a mattress, so can DOGE coin structurally fail?
 
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BalthasarGelt said:
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Finally able to get some data on Blackberry, has been privated since the 27th. People have been recommending to go long on BB, thoughts?
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I bought a little BB, a little NOK and some AMC. Although the movement is presently focused on GME, it would behoove everyone to diversify a little. Keep the pressure on the shorts. We only have to keep the stock a small percentage higher than what they paid for it to prevent them from cashing in. After the GME squeeze pans out people will be moving down the list. One scenario for us is that the shorts, seeing GME, get scared and cut their losses early leaving us with only mild gains.
 
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Null said:
I bought some stock with expectations that it will fail. I don't care. I just want to bleed the parasites.
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Bumwine said:
The Real question after all is: have Null and the Farms made sum money out of this? :thinking:
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Jewsh is taking a pretty cautious position that some people (@HOMO FOR LIFE ) could learn from. He's not invested anything he isn't prepared to lose, and the only thing he's taking for granted is hedgies getting screwed. IIRC he's also said not to buy the dodgy penny stocks and shitcoins people are shilling as the next GME (even AMC and NOK, which are looking pretty flimsy relative to GME rn).
 
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For those who are tempted go mine craft please dont. Remember keep it humorous.
Tyrants hate being laughed at

If you must here is a simple prank:

Get some motor oil. Put some drops in the exhaust pipe. It will smoke when it heats up. This will trick the driver into thinking their vehicle needs service. Time and money will be wasted as they wait for the shop to diagnosis the problem.

This is non violent and harmless. It doesnt damage the car. It will however cause a ruckus in someones day.
 
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Vaclav said:
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.
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The thing with the financial system is, it’s still man made and people can impose limitations on themselves/others. I obviously haven’t read the statement on the infinite loop, but my thoughts is that the investment group would just fold. Corporations are treated as people for financial reasons, and their debts are absolved when they die. Worst case scenario, they would declare bankruptcy, and their debts would be discharged. Even if their debts are infinite
 
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Terrorist said:
Jewsh is taking a pretty cautious position that some people (@HOMO FOR LIFE ) could learn from. He's not invested anything he isn't prepared to lose, and the only thing he's taking for granted is hedgies getting screwed. IIRC he's also said not to buy the dodgy penny stocks and shitcoins people are shilling as the next GME (even AMC and NOK, which are looking pretty flimsy relative to GME rn).
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Silver went up like 8% since yesterday. I don't think it'll continue to rise, but in theory the lower confidence in the dollar falls, the higher metals will rise.
 
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"You're awful."
"Me? I'm awful? Oh yeah, how am I awful"
"posting the wallstreet reddit page, labeling wallstreetbets as anti-semitic. you just don't want to lose money"
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"you don't know the first thing about me, pal. look at what happened because of what you did, what it led too. there are GME stocks pump out there. Melvin Capital is in critical condition. and you're laughing, you're laughing. someone is going to do a flip today. look at what you did."
"I know"
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"How about another joke?"
"No, I think we have enough of your jokes. Call the SEC, FBI, CIA"
"What do you get when you cross a a mentally ill redditors with a hedge fund that shorted 140% of a company's stocks?"
 
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