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GameStop to the moon!! [rocket emoji]!!

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RiKD    United States. Jan 27 2021 12:13. Posts 6592
I have been a member of r/wallstreetbets for quite some time now. I don't often actually go to the sub-reddit but I do always pay attention to threads that show up on my home feed. I remember seeing GME quite a bit here and there and my first instinct was always really? Brick and mortar retail that sells packaged gaming discs? So, I never paid too much attention. But, shit is getting crazy. I didn't know hedge funds were collectively attempting to short GME into bankruptcy (some say at least sketchily or illegally). Sharps like Michael Burry (Christian Bale in The Big Short) and the founder and former CEO of Chewy.com Ryan Cohen (phenomenal service - happy customer for years - he sold the company for $3.5 billion) started betting on GME. I will link some r/wallstreetbets threads that can probably give a better summary than I can. I've actually been trying to stay away from investing stuff lately but I find this fascinating. I am not getting any bets down at this point since I don't entirely understand what is going on and I specifically don't know what the endgame is. I also don't really have any available capital at this point and would have to divest from studied plays. It would be nice to get some bets down just to have skin in the game and some increased pay attention juices flowing but yeah, I don't really know what's going to happen I'm just passing along some info. Maybe some diamond hands on here can make some piles of cash and bust some pieces of shit hedge fund douchebags.

https://www.reddit.com/r/wallstreetbe...oomer_parents_as_baffled_by_your_gme/

https://www.reddit.com/r/wallstreetbe...app&utm_name=iossmf&context=3

https://www.reddit.com/r/wallstreetbe...e_hold_is_working_and_the_squeeze_is/

I tried to join the r/wallstreetbets discord all night but I think it's capped at 40,000+ people. Happy hunting!! [rocket emojis]!!

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CamilaPunt   Brasil. Jan 27 2021 13:38. Posts 2381

been reading up on this pretty interesting! fuck melvin


ggplz   Sweden. Jan 27 2021 22:01. Posts 16699

Basically to my understanding gamestop is a company worth very little, maybe $10 or less. I saw a yahoo finance guy earlier explain how his wife and him go into gamestop to buy games, he was fucking laughed at on screen. I laughed IRL. Everyone knows it's going to shit. People have been shorting i.e. borrowing shares to sell expecting a drop to then buy back. Big companies with deep pockets. The difference between the sell & buy being their profit, but when you short you can lose an infinite amount as the stock can keep going up as has happened here. That money ends up in the market, so what you're literally seeing is all the shorts getting fucked as the price rises and shorts are forced to cover i.e. pay up based on their financial situation with the broker if their account is tapped. There's something funky going on with the way options work too apparently because although people are saying it's wallstreetbets vs wall street fuck yeah and a lot of people are holding shares, it's also a problem with the amount of shares available and the relationship between people taking profit, options call sellers buying more shares while short sellers jump in to short the dips and getting stopped out when it spikes due to the options traders. So it's probably gonna keep going like this for a while untill everyone decides it's time to let this crash and all sell off

if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN 

CamilaPunt   Brasil. Jan 27 2021 23:15. Posts 2381

i read - link below- a guy who valuates it quite higher than that

this guy explains it well

price more than doubled today jeez


Spitfiree   Bulgaria. Jan 27 2021 23:52. Posts 9424

So its 'the people' vs 'wallstreet' yeh?


ggplz   Sweden. Jan 27 2021 23:54. Posts 16699

That guy has no idea how to value anything. Look at how heavily shorted this is.. people don't believe in the company and they're largely right. If it wasn't for that being exploited due to a technical setup of the stock and shorts still trying to find that point to short, we wouldn't see the price where it is now. A lot of the time when you value a companies stock you're basing it on potential growth in the future xEarnings, gamestop has some potential in that they could totally change the business and move more heavily into online. That's one of the big plans of the guy invested at 13%, but it remains to be seen. If I was that guy, I would sell all the stock I could and buy again when this crashed. I'd also release more shares, dillute the stock to raise cash and relieve some of the madness. A lot of their business in brick&mortar locations is from game trade ins, it could be that if you move that to online, it might be less profitable. Right now they are good at some things and well known, so potentially it could grow but before all this started the stock was trading quite low, maybe $10 is not right either but ya, it's going to hit some lows eventually. I think if they do dillute the stock that will release some of the "just hold your shares" mentality that's driving this wild as well as help them raise money for an online launch etc etc too. I actually think something like that more likely to put an end to this than anything else, tbh.

if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhANLast edit: 27/01/2021 23:57

lostaccount   Canada. Jan 28 2021 01:41. Posts 3433

yea fuck the hedge funds they been manuiplating stocks for too long now the little guys know how to fight back. IM long amc tomorrow when it opons, im join the wsb amry. im not in amc for the long run just riding the wave

 Last edit: 28/01/2021 01:52

RiKD    United States. Jan 28 2021 16:54. Posts 6592

So, I am up pretty early this morning due to not going to bed for a while on a sleep schedule I'm sure many here are familiar with. I am a little bit excited to get involved with the stonk action at 9:30 AM EST. I started looking into $AMC, $NOK, $SLV, $BB, $NKD, etc. and am not really all that thrilled with any of them but I freed up some money so I could buy the dip on prolly $AMC if I felt like it or I would just put it all into $BTC. Well, RobinHood fucking delists all of them including $PLTR which I bought fucking ages ago. No options or stonk buying allowed. One can only sell. Turns out RobinHood is beholden to Citadel who bailed out the hedge funds trying to short $GME... Turns out RobinHood makes their money selling retail trade info to hedge funds...

We'll see how this turns out. I think from here the only option is to cash out all the money from RobinHood as soon as possible (trickier for large holders of r/WSB "meme" stocks), file a MEGA lawsuit, rampage 1 star ratings on the app stores, and anything else I'm not imagining?

Fuck these ghouls. I think it's about time to get a MASSIVE general strike going.


NewbSaibot   United States. Jan 28 2021 18:40. Posts 4884

pretty wild. Stock goes up in value so they freeze it to stop thousandaires from making profit. Stock drops 90% and they wont stop a fucking thing for billionaires to make profit.

listening to edzwoo has made u a nit... *sigh* - ZalforLast edit: 28/01/2021 18:40

lostaccount   Canada. Jan 28 2021 20:36. Posts 3433


  On January 28 2021 15:54 RiKD wrote:
So, I am up pretty early this morning due to not going to bed for a while on a sleep schedule I'm sure many here are familiar with. I am a little bit excited to get involved with the stonk action at 9:30 AM EST. I started looking into $AMC, $NOK, $SLV, $BB, $NKD, etc. and am not really all that thrilled with any of them but I freed up some money so I could buy the dip on prolly $AMC if I felt like it or I would just put it all into $BTC. Well, RobinHood fucking delists all of them including $PLTR which I bought fucking ages ago. No options or stonk buying allowed. One can only sell. Turns out RobinHood is beholden to Citadel who bailed out the hedge funds trying to short $GME... Turns out RobinHood makes their money selling retail trade info to hedge funds...

We'll see how this turns out. I think from here the only option is to cash out all the money from RobinHood as soon as possible (trickier for large holders of r/WSB "meme" stocks), file a MEGA lawsuit, rampage 1 star ratings on the app stores, and anything else I'm not imagining?

Fuck these ghouls. I think it's about time to get a MASSIVE general strike going.



Qft, I didn’t do anything today. Just sit n watch


whammbot   Belarus. Jan 28 2021 22:03. Posts 483


  On January 28 2021 17:40 NewbSaibot wrote:
pretty wild. Stock goes up in value so they freeze it to stop thousandaires from making profit. Stock drops 90% and they wont stop a fucking thing for billionaires to make profit.



sums up the situation quite clearly. welcome to the biden era lol


ggplz   Sweden. Jan 28 2021 22:48. Posts 16699

This action by the brokers is gonna cost them big imo. I don't want to see any tiny $70million fees, I want to see hundreds of millions to billions heavily hitting each broker who denied the ability to buy as a massive regulatory slap, otherwise people are going to be extremely fucking pissed. There are already massive restrictions and requirements involved in trading stocks/options, and if people want to buy gamestop that's their business. Closing down the ability to buy stock with all the widely known information about the setup with this stock is an outrage and directly helps the hedge funds involved. Melvin should be disciplined too for their hand in this, I want to see a massive fee in the billions removing all profit they made here as I have no doubt they talked with their broker/banking partners. I've traded stocks that have been up several hundreds of % in a day, how is that fine but gambling on GME with this short setup is considered something that consumers must be protected from due to "volatility"? We fuckin' love volatility, that's why we're trading it!

if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN 

lostaccount   Canada. Jan 28 2021 23:04. Posts 3433


  On January 28 2021 21:48 ggplz wrote:
This action by the brokers is gonna cost them big imo. I don't want to see any tiny $70million fees, I want to see hundreds of millions to billions heavily hitting each broker who denied the ability to buy as a massive regulatory slap, otherwise people are going to be extremely fucking pissed. There are already massive restrictions and requirements involved in trading stocks/options, and if people want to buy gamestop that's their business. Closing down the ability to buy stock with all the widely known information about the setup with this stock is an outrage and directly helps the hedge funds involved. Melvin should be disciplined too for their hand in this, I want to see a massive fee in the billions removing all profit they made here as I have no doubt they talked with their broker/banking partners. I've traded stocks that have been up several hundreds of % in a day, how is that fine but gambling on GME with this short setup is considered something that consumers must be protected from due to "volatility"? We fuckin' love volatility, that's why we're trading it!



A fine isn’t enough I want to see hard times


PuertoRican   United States. Jan 29 2021 01:01. Posts 12607

Several random people on Twitter are tripping out because some companies stopped selling one of the trending stocks, which means nobody can buy stocks from that company, they can only sell their stock. If they sell their stock, they do so at a big loss, and the hedge fund will win in the end.

People being impatient are the ones who will ruin it for the rest, thus making the rich guys richer.

Rekrul is a newb 

ggplz   Sweden. Jan 29 2021 01:17. Posts 16699

$GME back to $330 baby, lets fuckin go!

if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhAN 

ggplz   Sweden. Jan 29 2021 01:24. Posts 16699


  On January 29 2021 00:01 PuertoRican wrote:
Several random people on Twitter are tripping out because some companies stopped selling one of the trending stocks, which means nobody can buy stocks from that company, they can only sell their stock. If they sell their stock, they do so at a big loss, and the hedge fund will win in the end.

People being impatient are the ones who will ruin it for the rest, thus making the rich guys richer.



Just so u understand, it's not 1 stock, it's 4-5 that were targetted due high short interest and volume but mainly gamestop and it's across a lot of the major brokers. Eventually this will bust the hedgefund because they and other shorts have to cover as positions are closed due to potentially infinite losses. Infinite until they go bust! This short squeeze can keep going higher and higher due to the setup of the stock and the huge short interest. Also people are not allowing their shares to be borrowed to short or at ridiculous prices like $10,000. That's a large part of the reason why people are outraged as this strategy was working and the short company Melvin was going to lose!

if poker is dangerous to them i would rank sports betting as a Kodiak grizzly bear who smells blood after you just threw a javelin into his cub - RaiNKhANLast edit: 29/01/2021 01:25

RiKD    United States. Jan 29 2021 03:29. Posts 6592

The Dark Side

Perhaps enemy #1 at this point. There are are lot of lizard people involved though. Maybe all of the lizard people.

Update:

reddit - 30 Seconds From Triggering Market Nuclear Bomb

Also:

I enjoy the movie Snowpiercer. I think it was written and directed by the Korean guy who did Parasite. That would be an appropriate film to watch at this point in time.

Another film that would be appropriate to watch at this point in time is Inside Job. It is about the lizard people behind the 2008 crash. Really, there are just too many lizard people to denigrate right now. There is a lot of fluidity between the 2008 crash, the upward trend of wealth across the pandemic, and the delisting of r/wsb "meme" stocks.

By the way... The plot thickens...

Google deleted 100,000+ bad reviews of RobinHood today on their app store.

Should we go back to Firefox? Is there something better now?

DuckDuckGo - Search Engine

What is the Signal of email?


RiKD    United States. Jan 29 2021 03:42. Posts 6592

Oh, also, I think it is important to point out that Vanguard and Fidelity were two companies that DID NOT delist any stocks. TD Ameritrade was the first to delist stocks. Perhaps RobinHood and others are the dirtiest as they delisted 30 min. before markets open without any warning.

Looking back when I was filling up Roth IRAs with TD Ameritrade mutual funds and staying poor if I would have just filled up Roth IRAs with Vanguard low cost/low fee index funds I would have been a lot better off. It takes time, effort, and focus to pick winners. Obviously, BTC is a poker player's best friend besides beating bigger games or getting someone worse than you to play you heads up.

Anyways, fuck these ghouls. The Internet should be able to figure out a way to fuck these b**mer assholes until their prostates burst.

 Last edit: 29/01/2021 03:45

drone666   Brasil. Jan 29 2021 07:52. Posts 1795


  On January 29 2021 02:29 RiKD wrote:
I enjoy the movie Snowpiercer. I think it was written and directed by the Korean guy who did Parasite. That would be an appropriate film to watch at this point in time.



nothing to do with the topic discussed
but watch Memories of Murder and Mother from the same director if you haven't yet, they are fucking awesome

Dont listen to anything I say 

NewbSaibot   United States. Jan 29 2021 17:22. Posts 4884

From what I understand short stocks dont have any particular due date. If Melvin wanted to they could have just held on and hoped the market eventually crashes couldnt they? Are they just paying up now because they're genuinely worried GME is gonna hit $1000+?

listening to edzwoo has made u a nit... *sigh* - Zalfor 

 
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