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

[Disheveled Human]

One example would be hold the game stock and wait then it collapses back to zero. Then give it back to Melvin for free.

Nah I will let them pay for the stock. The fact they are considering using bots to scrape market data means they are in a losing position.

 

[FatalTater]

I find it interesting how many boomers like to get both gold and silver. I wonder what kind of impact it’ll have on those markets when they die and estate sales start...

Probably their gold and silver coins will be inherited by idiots that think you should take it to a bank and get face value for it.

 

[Terrorist]

>crabbing
ACKACKACK SPONGEBOB I’VE LOST $100 BILLION COVERING ME SHORTS AND I’M GOING TO DIE

 

[Superman93's Bitch]

I mean, that sounds like a really good reason to invest in physical.

For real. If you suspect this is actually going on, buy physical gold, and wait for them to be found out. You'll have bought your gold at a value significantly lower than what it was worth at the time because of their shenanigans, and its value will skyrocket then. Huge margins. And if you're wrong, oh well, you made a sensible long term investment.

 

[FunPosting101]

Just checking in, are the money men from melvin still fucked?

View attachment 1887913

https://www.marketwatch.com/story/tesla-ceo-elon-musk-calls-robinhood-ceo-vlad-the-stock-impaler-and-grills-him-over-the-gamestop-saga-11612180184?mod=barbara-kollmeyer

I wish more CEOs were absolute mad lads like Elon Musk.

 

[WinchesterPremium]

Nah I will let them pay for the stock. The fact they are considering using bots to scrape market data means they are in a losing position.

What are you talking about like most the stock market is run by bots at this point lol

 

[DyingStarsForever]

Two things:

1. Looking into it, all short interests for today are estimates. We don't have the real numbers yet, and it's possible they're being manipulated.
2. WSB is right about the volume. If there was a sale going on the stock would plummet and the volume would be much higher.

Retail investors are actually holding out fairly well, all things considered. If they keep it up until actual short interest is updated, the squeeze will continue.

 

[DeadFish]

what the fuck

is this formatting

plz stop posting like this

you absolute sped

Suggest better and I will do better.

 

[The Wicked Mitch]

Just checking in, are the money men from melvin still fucked?


I wish more CEOs were absolute mad lads like Elon Musk.

Are they still burning through money to engage in very legal and non-manipulative short ladder attacks to keep the price of the stock they exited last week down?

Yes

 

[Disheveled Human]

What are you talking about like most the stock market is run by bots at this point lol

They are using bots to scrape reddit posts for trends, lingo and interests not bots used for moving the stock basically they are learning internet speak because they are so out of touch with the situation.

Two things:

1. Looking into it, all short interests for today are estimates. We don't have the real numbers yet, and it's possible they're being manipulated.
2. WSB is right about the volume. If there was a sale going on the stock would plummet and the volume would be much higher.

Retail investors are actually holding out fairly well, all things considered. If they keep it up until actual short interest is updated, the squeeze will continue.

Yeah I was expecting a bigger dip so I could justify purchasing more but it held above $200 for GME which was surprising to me, Diamond Hands are real.

 

[Carpenter Trout]

Nice try Melvin. Nearly nobody fell for it.
It's astonishing how they're still trying to push the silver shit through multiple media. It's glowier than the FBI boomer from two years ago.
The volume wasn't nearly as low as they claimed it was, lol.

 

[Orange Rhymer]

What are you talking about like most the stock market is run by bots at this point lol

You aren't wrong.
Attachment:
TL;DR
Bots feeding into formulae executed by other bots. Our market(s) is (are) synthetic and bullshit.
2017 posting.

 

[Reverend]

The answer is both. Everyone on WSB who got in early and has made serious money has already pulled some out.

Citation.Fucking.Needed

 

[Liber Pater]

I agree with your math. However, my point is: over 80% of the world's 'gold reserves' actually don't exist.
The world trades in gold - in the forms of 'paper gold' , and is underwritten by all major banks- worldwide.

Quote:
"Analyst Adrien Douglas says, this means that when you buy gold, you are really buying the document that just says “you own it” — which equals as paper gold. Douglas also argues, that the amount of gold sold each day compared to the amount of gold that exist means, that every ounce of gold has at least 4 owners. In effect, the bullion houses are selling gold that doesn’t exist!"
...
"In 2005 Morgan Stanley was sued by its clients for selling them non-existing precious metals. For 2 decades Morgan Stanley sold investors gold, silver, platinum and palladium, and charged them storage fees for holding it. When clients asked for the metals, nothing was ever delivered. Morgan Stanley settled the case out of court. Meanwhile, JP Morgan Chase & Co. is currently being sued for manipulating the price of silver."

Sauce (one of many)

GOLD — THE BIGGEST FRAUD IN HISTORY

For over 2,500 years gold has been used as a money. Today, every country and central bank invest in gold, because its value is considered…

medium.com

This is my preclusion towards gold. This and the recent discovery that @4% of chinese gold reserves were either non-existent or fraudulent. And the recent 'missing gold' discoveries out of the middle east.

View attachment 1887947

Something fucky is happening with gold - and it ain't Redditors.

edit: added China

I hope you're right and that a gold squeeze actually is possible. There definitely is widespread accounting fraud in the gold market, and retail investors exposing it would be downright orgasmic.
It just seems like a really ambitious target given the size of the market (if governments allow it to happen at all).

 

[Superman93's Bitch]

They are using bots to scrape reddit posts for trends, lingo and interests not bots used for moving the stock

Both are true. People use algorithms for auto stock trading all the time. Check out what alpaca is doing. They encourage people to write stock algorithms using their service, but they unwittingly give alpaca all rights to their coding. Successful/promising code will then be sold to the highest bidder.

 

[knobslobbin]

It can in a round about way. The owners of the company could quietly sell their shares at this ridiculous price. Its not like they had anything to do with it. After the stock craters they can just buy it back and use their windfall to make that jump to digital.

IMO Gamestop can offer what Steam can't. Actual physical ownership of your game as opposed to a license key. You can buy the game physically at any Gamestop and then use that to generate a digital key that is redeemable from their Steam alternative. So now you own a physical version and a digital version tied to an online cloud account. Which can also be traded away to other users of the same platform. You can also do it in reverse. Buy the digital version immediately through their internet storefront and then you can either go to a Gamestop later and pick up the Physical game, or just wait for them to mail it too you.

That is what I would do anyway if I was them. It will only really work with PC Games at first since Microsoft and Playstation run monopolies on digital sales on their platform, but that IMO is skeevy as all heck and probably runs afoul of anti-trust law. They can use the PC Gamer money to sue the other two big boys to let them have an app extension option on the consoles. And then profit.

You think individual stock holders at a publicly traded company will cash out and give personal loans to the company?

I guess that's *technically* possible

 

[Dyn]

-Manipulates market by halting and limiting shares but still allows you to sell positions

That happened because the volatility of GME triggered a requirement that the clearing house had to be able to cover the entire value of the stock instead of a tiny fraction, like they normally would. The robinhood restrictions came from the clearinghouse, who couldn't actually buy any more GME for anyone until they trucked in mind-bogglingly retarded quantities of cash.

It wasn't some wall street conspiracy, they just ran out of money.

 

[Terrifik]

Just checking in, are the money men from melvin still fucked?


I wish more CEOs were absolute mad lads like Elon Musk.

can't find cnn hudge fun chart & Robbin hood is given the voltomore treatment by media

 

[Disheveled Human]

That happened because the volatility of GME triggered a requirement that the clearing house had to be able to cover the entire value of the stock instead of a tiny fraction, like they normally would. The robinhood restrictions came from the clearinghouse, who couldn't actually buy any more GME for anyone until they trucked in mind-bogglingly retarded quantities of cash.

It wasn't some wall street conspiracy, they just ran out of money.

RH is not the only brokerage that did this, when hedgies do this its no problem so its not an excuse since when normal people take a risk and lose our money is wiped out but when hedge funds do it they call in the ref and modify the rules to their favor.

 

[NulWillBecomeTranny]

Redditers noticed some accounts with very high karma acting suspiciously, and instead of anyone archiving it, they immediately started posting about it everywhere. So now the only evidence of wide-scale astroturfing for short sellers, on purchased accounts, is a few screencaps people took before the guy deleted all of his posts.