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

$GME at $182.75.
madness.
Melvin Capital confirmed they closed all $GME positions in January.
Melvin posted a near-record profit of 22% in February.

If you like the stonk, god bless. But no one is 'getting back at THE MAN' now.
r/wsb is literally a pump-n-dump scheme hatchery...
 
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Orange Rhymer said:
Melvin posted a near-record profit of 22% in February.
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...Because they lost billions of dollars in January and it's a lot easier to make an ostensibly larger percentage gain when you're now working with drastically less money. It's blatant spin, don't be so fucking gullible.
 
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George Cuckzunian said:
I think Haliburton (yes those evil cocksuckers) is undervalued as fuck right now and is about to have a massive boom again, part cause they are in the oil business and I think oil is gonna go up big time, but also because Biden is BFF's with Dick Cheny and I fully expect Biden to do some dirty deals to help his friends. We've already seen Biden wanting to push more middle east wars. To the moon? Probably not. Higher than the $50-$70 stabilization prices while it is currently on the way up and at $24 now? Probably.
I may get some purchase options, cause who knows I might be wrong...
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Halliburton is probably a good defense play but they've also been caught cooking their books more than once. Caveat emptor.

Gimmick Account said:
...Because they lost billions of dollars in January and it's a lot easier to make an ostensibly larger percentage gain when you're now working with drastically less money. It's blatant spin, don't be so fucking gullible.
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True and true. Most if not all of the gain they've posted is from them shorting GME again. Seeing FTD numbers, they didn't get the actual underlying and only got rid of the original short position on paper. They're going to start hurting again if GME keeps rising like this. Fun times ahead..
 
Eternal Gopnik said:
223.41 pre-market. Shit, at this rate I might actually get my thousand dollars back!
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Yeah, today marks the day I could actually sell for a profit, but fuck it, I may as well hold on another day or two. I’d already written this money off.

Edit: There’s still a ridiculous amount of shorted stock out there, even if Melvin doesn’t own it, someone does, and it ain’t me, so fuck ‘em. I certainly wouldn’t buy in at this price right now, but if you do have GME, it’s gonna be a wild ride for the rest of March.
 
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Arm Pit Cream said:
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$, in 3 or 4 years it could be at 300-400$.
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Arm Pit Cream said:
I'm serious, a stock at 300 dollars is a company like Spotify or Twilio, they're both services. Gamestop created a game publishing studio in 2016, but it's largely lacked the funds to do anything with it. It's very possible for example, that Gamestop leverages it's current relations with other publishers to put games onto a streaming service or something similar, or partner up with a company. Even if the price of the stock drops to 40-60$ that's still a good pile of money to work with.
With the money Gamestop has it can transition and with this attention it's getting there's a very optimistic future for Gamestop. I think that it might take sometime to rebound fully, but I don't think it's an unreasonable expectation.
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Yea, i'm thinking i'm taking a trip straight to vindication nation
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Good morning.
Glad to see I didn't lose money.

Not financial advice, fuck off SEC. I'm just a retard who is talking about current events on a forum for making fun of people.

Cheetahman said:
This Orange Rhymer guy seems like a shill anyway lmao, wonder what happened between Feb 3 and Feb 4 to go from speculative to antagonizing?
What's going on with all these doomposts?
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People like to be the person who said I told you so. He's not a shill, just a guy that wanted to laugh at retards.
GME tards were looking pretty foolish during the short attacks, Plebbit tards kept circle jerking and repeating their catch phrase memes, shills cast doubt, Know it all idiots kept throwing predictions around looking like idiots when they were wrong, etc. If people could predict the stock market with absolute certainty everyone would be trillionaires. WHO'S RETARDED NOW?!?! I mean still us, we bought stock in a shitty game retailer everyone thought was gonna die due to it's horrid reputation that only was saved by a weird mix of a management shake up, undervalued disc assets, and greedy hedges shorting more stocks than was available.

Just enjoy your stonk, take your earnings when you are happy, and keep in mind this is a bet and many things can happen. No need to talk shit and gloat at a nay sayer, your profits are doing the talking for you. I went in and when the price dropped I expected to lose money, but I was fully okay with losing what I put in on this bet. I wish I bought more at $50 but everyone wishes they bought more when they are winning.

AMC is looking to do something similar, there is a chance share dillution may not happen (apparently it goes to a share holder vote and share holders are not gonna vote to make less money) and if not mistaken AMC shorts didn't change any of their their short possitions. At the very least it's looking strong that they will return to their normal stock price around $30ish $40ish and doubling/trippling your money is nothing to sneeze at.


Now over all is a good time to get in the market cause people are expecting shit to go to normal and stonks are undervalued. I'm expecting oil to go up and AMD to go up. Of course there is also the question of will everyones economy collapse because wuflu retardation money printing. Let's be honest, if that happens you will have bigger problems than losing a few grand on stocks. I'm diversifying, part physical, part stocks, part certificates and low risk stuff, part food and ammo for societal collapse, part real estate.
 
George Cuckzunian said:
He's not a shill, just a guy that wanted to laugh at retards.
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Perhaps.
I'm sure that would be much more effective with less "oh nonono GMEcucks" and more actually posting retard losses for others to see.
At least everybody else managed to link to what they were laughing at.

In related news, GME hit 315 again.
 
340 now lmao

hedgies on suicide watch

Haha never mind, someone dumped 850k shares at once, tanked the price from 330 to 300 immediately, trading halted and now it's at 280 again. Retards in New on r/wsb are screeching like mad
 
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DeadFish said:
So this new hi hurts hedges or no?
Are the wall street suits getting scalped or no?
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DFV said after the peak that the squeeze couldn't have squoze yet, the shorts hadn't been covered, and a lot of people - myself included - said that squeeze or squeeze, that money hasn't been accounted for. If he was right about that, then yes.
 
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