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

[Creep3r]

This event was WSB's crowning achievement and also its undoing. Its posting culture was a good barrier keeping the unwashed Reddit masses at bay, but that appears to be broken. Now that's it's gone mainstream I expect them to institute some heavier moderation as well.

And someone here was foolish enough to think WSB wouldn't get fucked by people more cringier than them joining their cause. Its OWS all over again, but digital and on the opposite end of the spectrum.

 

[Merry]

my mom who just watches normie news told me silver is on the rise. This is an obvious trap since my mom is stupid and repeats what the news tells her to do, so do the opposite. Stop buying silver its their to either distract potential retail investors or will be used as a legitimate excuse to crash the markets voiding everything.

Silver does not work that way and you have much bigger players than WSB at work here

 

[Tzeentch]

GME back up to 270 again.

 

[Cliff Booth]

So what's

Collectibles markets have been oddly hot since the stimmies came out. I play(ed pre-coof) Magic on the side for a bit of fun distraction, and a bunch of crap I picked up for a buck or two has shot up to some pretty ridiculous amounts. It's bizarrely a hobby that I might be able to actually break even on if I cash out.

Same with basketball cards. Even shit retail boxes you used to be able to get for $20 at Walmart or Target are $80 minimum on Ebay and card shops.

 

[draggs]

And someone here was foolish enough to think WSB wouldn't get fucked by people more cringier than them joining their cause. Its OWS all over again, but digital and on the opposite end of the spectrum.

wsb boys didnt get fucked, they made tens of millions of dollars grifting autists

 

[Pocket Dragoon]

I'm seeing tons of "I'm 12 and just learned what a short is, now I'm a finance expert"

TBF, the amount of greenhorn investors in the 13-17 age bracket is both heartening & terrifying... far more so than the clueless boomers and late Gen-X/Millennials.

Imagine the pure autism of an entire generation becoming hyperfocused on playing the markets; if I were on Wall Street, I'd be very worried.

 

[Rich Evans Apologist]

wsb boys didnt get fucked, they made tens of millions of dollars grifting autists

AND they're largely safe from the SEC coming after them, because they fucking told the autists that they weren't giving financial advice and that you should be prepared to lose every dollar you bet in to GME. And the autists bought in at $320 anyways, nursing dreams of $1k/share and planning the rest of their life out as if they were already gajillionaires.

 

[DyingStarsForever]

Did not expect NOK to do better than GME today. What's going on there?

 

[Arm Pit Cream]

To those doubting this stock, you're underestimating the value that much needed money can have for desperate companies. Even if the stock loses some value what's important is Gamestop pays back it's debtors. In fact, AMC already payed back all it's debt and saved itself from bankruptcy. During this pandemic Gamestop hasn't been able to operate and has been hit hard, I know there was controversy over the fact that they released Animal Crossing and Doom during Corona (even though it was super early). It's really been a bad decade for Gamestop as brick & mortar shops die and games go digital.
For years gamestop has needed to transition it's business and this gives it a prime opportunity to reform with new found wealth. Even if it drops to lets say, 200$, in 3 or 4 years it could be at 300-400$.

 

[Disheveled Human]

Silver does not work that way and you have much bigger players than WSB at work here

Its not a matter of WSB squeezing GME, the fact of the matter is there are dozens of companies being squeezed where next week will be the next GME style stock, if government lets this happen freely they would be out trillions of dollars from this money leak (because of naked selling its almost infinite), so they are setting up a panic button that they can use to say silver blew up and crashed the markets and most people who are not in the know will agree.

 

[Liber Pater]

Bad news if you bought AG lmao

https://finance.yahoo.com/news/exclusive-mexican-tax-authorities-seek-135113792.html

View attachment 1887618

Was thinking about it, but good thing I backed off lol.

 

[IAmNotAlpharius]

TBF, the amount of greenhorn investors in the 13-17 age bracket is both heartening & terrifying... far more so than the clueless boomers and late Gen-X/Millennials.

Imagine the pure autism of an entire generation becoming hyperfocused on playing the markets; if I were on Wall Street, I'd be very worried.

Now instead of 12 year olds blowing their family’s money on loot boxes it’s going to be 12 year olds losing it all on the stock market.

 

[Orange Rhymer]

"Hello my fellow protesters! Let's do a crime!"

Classic tbh

So buying or holding a stock is now a crime?
First manditory masking and the quarantine of healthy people, then buying stock?

What's next? Anal probing by the government?!

 

[murdered meat bag]

So what's

Same with basketball cards. Even shit retail boxes you used to be able to get for $20 at Walmart or Target are $80 minimum on Ebay and card shops.

there are people who wait all day at target walmart on merchandiser day to snatch up all the boxes. the topps guy comes, drops off a cardboard box and the 3 or 4 guys fight over the contents.

 

[Michael Wade]

Holy shit, my copy of wild guns is now like $300+
What the fuck is causing this spike?

I was looking up ps2 copies of ace combat on amazon and they were going for 300 bucks a pop.

 

[Merry]

Its not a matter of WSB squeezing GME, the fact of the matter is there are dozens of companies being squeezed where next week will be the next GME style stock, if government lets this happen freely they would be out trillions of dollars from this money leak (because of naked selling its almost infinite), so they are setting up a panic button that they can use to say silver blew up and crashed the markets and most people who are not in the know will agree.

This sounds like heavy speculation

 

[Disheveled Human]

To those doubting this stock, you're underestimating the value that much needed money can have for desperate companies. Even if the stock loses some value what's important is Gamestop pays back it's debtors. In fact, AMC already payed back all it's debt and saved itself from bankruptcy. During this pandemic Gamestop hasn't been able to operate and has been hit hard, I know there was controversy over the fact that they released Animal Crossing and Doom during Corona (even though it was super early). It's really been a bad decade for Gamestop as brick & mortar shops die and games go digital.
For years gamestop has needed to transition it's business and this gives it a prime opportunity to reform with new found wealth. Even if it drops to lets say, 200$, in 3 or 4 years it could be at 300-400$.

Honestly it would not surprise me if many of the people who get rich off this stock choose to keep it afloat for the memes as a way of saying thank you. GameSpot is a shit company but with new money and new shareholders could shape up to be a reasonable company with a new business model.

This sounds like heavy speculation

It is speculation. That is the point. Saying shorted stocks won't pay out is also Heavy Speculation. At the end of the day this is an experiment and nobody knows what will happen. These are the best kind of investments because the entry is low and the ceiling is high. Many people are choosing to let $1k-$5k ride just to see what will happen which is a curve ball hedgies cannot comprehend.

 

[Bill The Fucker]

For years gamestop has needed to transition it's business and this gives it a prime opportunity to reform with new found wealth. Even if it drops to lets say, 200$, in 3 or 4 years it could be at 300-400$.

We're at a point where I genuinely can't tell if this is sarcasm or not.

 

[northstar747]

Now instead of 12 year olds blowing their family’s money on loot boxes it’s going to be 12 year olds losing it all on the stock market.

wont somebody think of the poor loot box companies

 

[Merry]

Honestly it would not surprise me if many of the people who get rich off this stock choose to keep it afloat for the memes as a way of saying thank you. GameSpot is a shit company but with new money and new shareholders could shape up to be a reasonable company with a new business model.



It is speculation. That is the point. Saying shorted stocks won't pay out is also Heavy Speculation. At the end of the day this is an experiment and nobody knows what will happen. These are the best kind of investments because the entry is low and the ceiling is high. Many people are choosing to let $1k-$5k ride just to see what will happen which is a curve ball hedgies cannot comprehend.

I'm aware, but emphasis on "heavy". Not saying you're wrong, but I think this is more of a two-prong assault by investors with one head (GME) attacking the other than it is silver being used as a financial weapon.