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

[A_throwaway_name62919]

Another stock question:

How the fuck do you buy shares that don't exist? My retard brain doesn't understand how that is possible. How do you then sell stocks that don't exist? How do non-existent stock purchases even go through? Are more created at some point in the process?

I believe it works something like this:
-Borrow shares of stock from someone(at an agreed upon interest rate) and sell them in hopes the price of the stock will go down before they need to buy some stock to return the borrowed shares - aka shorting the stock.
-Before they need to buy stock to return the borrowed shares, borrow more shares of stock from the people they just sold to and repeat the process.
-Do this at large enough scale, and repeat this enough times that they've borrowed enough shares of stock that it's technically more stock than exists.
-Only actually buy shares when they need to return the borrowed shares.

It's probably a few hedgefunds doing that not just one to get such a high percentage of the stock shorted. As long as the stock price continues to fall, and as long as they don't need to return everything at once, they're okay and can make a profit. Since they didn't borrow it all at once and the price is falling, they only need to return a portion of the shares at a time and people will be selling their shares to get out of the game making it easy to buy enough shares to return the portion that needs returning.

So people buying and holding the shares breaks their process. They're legally obligated to actually buy some shares to return borrowed shares. But if enough people have bought shares and are holding them, the hedgefund has no choice but to offer higher and higher prices until someone is willing to sell.

 

[Spiteful Crow]

next time there is a short squeeze thats popularized, it'll be fake

How do you know this one isn't fake?

 

[Disheveled Human]

the extra borrowing over 100% makes it so our investments are 20%-40% more profitable basically its low entry fee HIGH PAYOUT! There is a lot of multipliers in the peoples favor.

 

[cantankerous jackalope]

Between gamestop's movements and the market starting to move down I'm starting to get a little spooked. Shill me some crypto to get into before Gamestop crashes the entire market and inflation fucks me. For some reason I trust this thread more than /biz/.

Bitcoin and Ethereum are all you really need to worry about if you're new.

Because this is a special case, where there’s somebody out there who needs to buy all of the shares to fulfill prior obligations. What you’re talking about is the normal case, but what’s happening here is that the company already sold shares they didn’t have, and so now when it’s time to buy them back, they’re being forced to buy them at an extreme markup.

At least this is what is theoretically supposed to happen, but the major players in the markets do whatever the fuck they want, so we’ll see.

You're forgetting the one important detail, wherein they sold more stock then actually exists. Something along the tune of 140%. That's why it's so unique, is while there are other stocks that are shorted right now, this is the only one above 100% (which is supposed to be illegal to do, last I checked).

It's hilarious how the time of day makes a difference on the responses of people on here. I was saying this exact thing on why other stocks like NOK, AMC, BB, KOSS, etc. are not in the same position as GME and apparently that was an unpopular opinion here and just because they're also "heavily shorted" (according to the mainstream media, anyway) they''re not similar to GME's position. Oh well, can't save them all.

 

[Disheveled Human]

Bitcoin and Ethereum are all you really need to worry about if you're new.




It's hilarious how the time of day makes a difference on the responses of people on here. I was saying this exact thing on why other stocks like NOK, AMC, BB, KOSS, etc. are not in the same position as GME and apparently that was an unpopular opinion here and just because they're also "heavily shorted" (according to the mainstream media, anyway) they''re not similar to GME's position. Oh well, can't save them all.

So GME is the only stock being heavily bet against? Give me a fucking break they are fucking scared because these hedge funds got all their fingers in jars shorting companies that under normal circumstances would fail. We found out and they cant maneuver out of it.

 

[Fatrick Hamlinson]

Made a rudimentary map showing connections I and others have found.

 

[DyingStarsForever]

We've been over this in the thread already, short interest exceeding 100% isn't illegal, or even that strange. See: https://omaha.com/business/investme...cle_e0c1c0b0-2680-51a6-b163-4221e8c2f55e.html

 

[Shqueefa]

Between gamestop's movements and the market starting to move down I'm starting to get a little spooked. Shill me some crypto to get into before Gamestop crashes the entire market and inflation fucks me. For some reason I trust this thread more than /biz/.

Better hurry before they try to ban cyrpto currency after this blows over. It'll be pushed on the news that it's money that "terrorists" use and Biden's team giving speeches about how people use it to buy CP after they came back from Pedo Island with their office and Hollywood celebrity friends.

 

[TVStactic]

How do you know this one isn't fake?

check the reddit, it seems the dude funds is trying to get his mates to do phone calls and shit, the US senate might do a extraordinary vote to block that from ever happening.

i'm not in the US so all i have is info from faggitorians granted isn't some r/murderedbyaoc wanking.

 

[Fuck Y'all]

hedgefags rightnow:

 

[DyingStarsForever]

View attachment 1884289

lmao, if they wanted the short squeeze to die on monday then this is the opposite of what you should do to kill the momentum.

 

[Exbein]

The real hmmm..... here is that, if you think about it, the WSB guys are not enough to buy stocks that many enough to tank Melvin Capital.
The market cap of Gamestop is still too big that even if you combined all the redditors are not enough to pump the price of Gamestop.
So there is one logical answer here.

Some competing hedge fund saw what WSB is doing and smelled the blood of Melvin Capital, so they bet in Gamestop with enough stocks that can sink Melvin Capital

 

[Merry]

Silver gonna go intergalactic next week. Many sites completely sold out rn.

 

[world of shit]

Another stock question:

How the fuck do you buy shares that don't exist? My retard brain doesn't understand how that is possible. How do you then sell stocks that don't exist? How do non-existent stock purchases even go through? Are more created at some point in the process?

I buy 100 percent of the share, someone borrows some, I short that stock again. You can also borrow shares that are already owned.

Think of the mortgage crisis, where you had a chain of 10 people all selling the same mortgage. It's one of those pilpul ways to create a bunch of nonexistent money.

 

[theshitposter]

I don't know what it means but finviz removed the short float percentage. It was 122% last time i checked

GME GameStop Corp. Stock Quote

Stock screener for investors and traders, financial visualizations.

finviz.com

-----------
@Null when are you launching kiwicoin? shitpost-->money

 

[world of shit]

Holy fucking kek
The most basic standard of self defense is your life is in danger. Being slapped around does not mean you get to shoot someone, unless you’re like 90.
What’s next? He advocates in favor of warning shots?

This faggot almost deserves his own thread.
He put out a video of him literally crying because Trump pardoned some people before leaving office. Funny, none of the bad pardoned people he used for examples were Jewish.
Anyway, he completely ignores and doesn't mention that every fucking president has done this. His vapid audience of dry-vagina housewives, and shitlib men acted equally outraged.

Rekieta ripped him a new neo-vagine.

 

[Shydun]

It wasn't even getting slapped around. It was because a guy hitting on Captain Marvel touched her map (not slang, I do mean the piece of paper). She then offered a handshake, crushed his hand, and stole his motorcycle.

gurl power

 

[Apteryx Owenii]

Can someone explain to me, a moderate stock retard, why this stock won't crash to $20 at some point when people go on a selling spree after it is "squoze" and screw over everyone who bought it at $300+ and was expecting to sell it for a huge profit?

Here is a comment from Vanguard CFA Greg Davis on the 28th about this topic:

Anyone buying this stock with money they need for rent, food, etc, or that they expect to sell at a huge profit after purchasing at $300 is... foolhardy. It's obviously a massive over-valuation and will burst. A few people who bought early and didn't hold as long as most will make a lot of money (some already have). A lot of people will be left holding the bag.

But therein lies the issue. They are doing it anyway, knowing it's financially retarded. Because they want to fuck over these elite hedge bros so bad. A lot of people are risking a little money to cost a few people a fortune.

CNBC, Bloomburg, etc all either can't understand or are pretending not to understand this dynamic. They are painting it as dumb plebs who don't know that they're screwing themselves out of maximal investment gain for their station. It's more that people are simply paying to watch assholes suffer because they're tired of their stations being so different.

 

[world of shit]

Silver gonna go intergalactic next week. Many sites completely sold out rn.

Stacking Silver never hurt anything.
I think, however, the Silver play is to go after the Mines.
If everyone is buying up Silver, find a small mine with a lower market cap.

 

[Garm]

View attachment 1884289

My stupid ass just had to buy solar panels.

>Half a decade round of protests and general faggotry did absolutely nothing to change the status quo
>A bunch of reddit users bring to light the fact that the general public can just fuck the entire market up in a couple of weeks
>Economist are discussing the possibility of this being the dawn of a new era
a couple of Redditors JUST'd the entirety of the left

1. Protests only work if the opposition has respect for you. Wall Street has no respect for small people. The left is manned by clowns. Wall Street would stuff them in a modern day Barnum and Bailey circus after they stop being useful.

2. The left doesn't understand the system or psychology. You want to hurt a wall street banker? You tear his ego down. You reveal he isn't a "master of the universe." Burn his plans down before his eyes and he will shatter like glass. He will rage against the bars of a cage that he built himself. All his political clout will mean nothing as his money evaporates. That he was allowed to operate by the goodwill of the people.