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

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Bad news everybody.
 
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The Wicked Mitch said:
The casino pulled everything short of shooting their customers thursday and friday and they couldn't keep the price below 300
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I wonder how high it would have gone if they didn’t interfere.... If I had to guess as well, probably part of what kept it up was some other firms trying to get in on it too. I’d be surprised if some other firms didn’t try to profit off Melvin Capitals mistakes.
Jarolleon said:
Looks like CNN's Jon Stewart of all people sided with WSB . There goes that whole "Establishment united front against evil Nazi Reddit Terrorists" theory that doomers here were dreaming up. Maybe they haven't gotten marching orders yet.
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I wonder if some of them are going off script out of spite.

TBH one of the reasons I believe we’re headed towards change is that some of the shrewder non-ideological politicians are aligning themselves with WSB or at least not speaking out against them while the dumber ones are still shilling the establishment.

Imo we’re seeing a shift because of the internet. In a way it’s akin to the sacking of Baghdad by the Mongols or the fall of Constantinople to the Turks. It marked the end of an empire and the rise of a new power. What happened last week was decades in the making and in retrospect I’d argue it was inevitable once the masses adopted the internet and social media. The curbstomping of Melvin Capital won’t mean the end of all hedge funds but it marks a change, the retail investor -the entrepreneur and part time investor- will be a factor that must be considered. Now that the world has seen that the Emperor has no clothes it’s only going to embolden more to act. We’re going to see more getting involved, not less. Those organizations that realize and adapt will survive but those that are too rigid and set in their old ways will be buried with the past.
 
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Slap47 said:
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Bad news everybody.
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Time to cast the anti-CIANigger spell for good measure
EVERY POST I HAVE EVER MADE ON THIS ACCOUNT IS SATIRE. I DO NOT CONDONE NOR SUPPORT ANY OF THE OPINIONS EXPRESSED ON THIS WEBSITE.
Any post associated with this account is satire and should be treated as such. At no point has anyone associated with this account ever condoned, encouraged, committed or abated acts of violence or threats of violence against any person, regardless of racial, ethnic, religious or cultural background.
In case of an investigation by any federal entity or similar, I do not have any involvement with this group or with the people in it, I do not know how I am here, probably added by a third party, I do not support any actions by the member of this group.
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Nejo said:
This man is risking his marriage on this, i can only hope he succeeds
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Naah. Dude's gotta be a multi-millionaire by now with how well his channels are doing. Hell, he's got all that staff, that nice house and cars… If he's so bad off that losing $50k is going to ruin his marriage despite all his income, he already had marriage-ending problems.
 
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Fun reminders on the Krassenstein brothers

-They may actually be the product of incest (no evidence besides the stupidity)
-They made their fortune from Ponzi schemes
-They got famous for "trolling" Trump's twitter section
-Actually got banned from twitter for rampant bot abuse
-Are currently pretending to be their wives and sisters to ban evade
 
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+quotationpoints+ said:
I have talked to insiders in the industry, apparently Robinhood has made tons of debt by doing this. So the way they make it back up is by selling the data they collect form their users to the Hedge Funds so that they can remain ahead of retail.

Just something I wanted to say.
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Not only that, they lend out your shares to short sellers. I think that is the crux of RH's liquidity issue. They are on the hook for all the shares they lent out (to destroy the company you invested in), if the borrow doesn't (or can't or delays) make good.

This is why "trade for free" platforms suck. The brokerage has to make money somehow and if you are not paying them they are way more likely to exploit your ignorance and use your investment against your best interests.
 
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Slap47 said:
View attachment 1884157

View attachment 1884160

Fun reminders on the Krassenstein brothers

-They may actually be the product of incest (no evidence besides the stupidity)
-They made their fortune from Ponzi schemes
-They got famous for "trolling" Trump's twitter section
-Actually got banned from twitter for rampant bot abuse
-Are currently pretending to be their wives and sisters to ban evade
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you could have summed all that up in 3 letters
 
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+quotationpoints+ said:
I have talked to insiders in the industry, apparently Robinhood has made tons of debt by doing this. So the way they make it back up is by selling the data they collect form their users to the Hedge Funds so that they can remain ahead of retail.

Just something I wanted to say.
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I always wonder about tech companies selling data? What information are they selling, and who is buying? Ads, sure, but those make what, pennies per click? What do these creeps want from me?
 
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Rusty Crab said:
The highlights are not giving me much and I am not reading through 100 pages of autism. Have there been significant developments on Friday or today? I know stocks are closed on Saturday but I also don't know how any of this works.
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Short sellers mostly are holding onto their Shorting Positions, or they are being replaced by new hedge funds willing to bet against the stock. GameStop shares that have been borrowed and sold short have declined by just about 5 million over the last week, marking an 8% dip in the short interest. Most of the short covering occurred on Thursday, when the stock fell for the first time in six days.

Its turning into a long war, either the stock dips and every Pleb loses everything OR Wall Street continuing to headbutt the wall of autism breaks wall street completely. Just google $GME now and then, if the price isn't changing majorly then the game is still going. If it goes down, then check if Wallstreetbets sold. That's all really for now. Its a battle of wills, Wall street is going to double, triple, quad down because they can win it all back if they last. The last successful Short by Wall Street wins the whole pot, but if there are diamond hands and enough autism they won't have the money to place it days, weeks, months down the line when this finally ends (The short has to be made at the peak, and end after the crash so they're stuck waiting too).
 
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