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

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man the people who are throwing all their money into GME and Dogecoin on my facebook feed is nuts. A lot of them are dudes I had auto shop class with in high school.

one of them is pissed off this morning at Robinhood though, so he seems kind of out of the loop despite throwing all his money in doge and gme.
 
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X Pac Heat said:
man the people who are throwing all their money into GME and Dogecoin on my facebook feed is nuts. A lot of them are dudes I had auto shop class with in high school.

one of them is pissed off this morning at Robinhood though, so he seems kind of out of the loop despite throwing all his money in doge and gme.
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post receipts when they're all broke.
 
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axfaxf said:
What if he made some, that actually made sense and could make readers profit?
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then he'd join the vast ocean of other analysts doing the same. left made his name as the expert short seller, he might not be as valuable playing it safe.

i know a wells fargo advisor and all he had to say about gme was its a flashmob and to avoid it to prevent losses. he didnt know a thing about melvin and wsb's kamikazi run. wsj articlss about gme also dont mention the melvin angle, they're whinging about "muh fundamentals".
 
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Harvey Danger said:
I like the "we can stay retarded longer than they can stay solvent" meme as much as the next GME-hodling shitposter. But there's a mathematical question behind that joke, and the resolution of the short squeeze:

Does Melvin/Citadel actually have the money to backstop?

Everybody assumes "no", because shorts are supposed to have infinite loss potential. But if you roll the positions as you acquire gleanings of stock, and pay off the earliest expiring shorts, and bully your counterparties into accepting delayed payment to meet the timings, you can keep it going forever... provided you have a lot of money.

But could they have that kind of money available to bail out the entire system? Is it possible for the system to have that much cash on hand to keep itself going?

Just gonna leave this here. No reason, felt doomed, might delete later..

View attachment 1882147 :thinking:
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Citadel yes, they have DEEP pockets and assets, loans, and banking institutions to draw from. Melvin got a loan from them and others to cover some of the losses they incurred. Other hedge funds that mimic'd Melvin's every move were not so fortunate to have friends with deep pockets to loan out billions.

Do all the banks have all the funds necessary to bail out the entire system? No. A few hedge funds, brokers, and clearing houses? Yes.

What we need to find is who is still unable to buy shorted stock, how many they need to cover, and when those stocks are due to be paid on.
 
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Looks like DOGE exploded like the challenger, but in our hearts it will always be on the moon

coindesk-DOGE-chart-2021-01-30.png
 
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Balr0g said:
That's not pouring gas into a fire. That's throwing the security locks of a primed nuclear bomb through the room without anyone catching it. What they should consider: this issue has left wing nutjobs and right wing nutjobs agreeing on something. that is the scary part. Trump was somehow able to bring some of the middle left on his side but he couldn't do enough. Now we have basically a moment of unity where most are laughing and agreeing that this is funny. The only thing they should consider is how to fix this clearly broken and sick system so that all who are willing to play fair and responsible (hahahahaha) are treated equally.
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Populism needed to be able to survive without the need for Donald Trump, hopefully Gamestonks is just the beginning.
 
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