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

been reading up on this pretty interesting! fuck melvin

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

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

this guy explains it well

price more than doubled today jeez

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

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.

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

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.

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.

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

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

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!

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

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.

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

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!

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?

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.

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

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+?

Yes, Melvin could just hold and hope that the market crashes. In fact, as of before market open today that's exactly what Melvin are doing. Media and cronies are sending out disinformation. The short squeeze has not happened yet. For me if I can buy a dip at less than $200 then maybe I try to get a bet down and diamond hand sky rocket's in flight afternoon delight. I would be betting on Fidelity where I have never traded before. I would be displeased to click a button on say $190 and end up with a $400 bet. That actually might not even be the end of the world as long as everyone holds for the actual short squeeze but then I am not confident that I would click sell at the right time. Optimally getting bets down where I want to is a leak of mine and has actually cost me quite a bit if I think about it especially in regards to BTC. I need to figure out a way to efficiently automate so I don't even have to worry about it.

I don't think I can get it at sub $200 now. Fuck it, if someone can assure me that I can set up a buy limit at $300 with a sell limit of say $1,000 on Fidelity I'll get some skin in the game to support my Internet brethren.

Fuck it, maybe I don't need assurance and I should just fucking get it done. What would u/DeepFuckingValue do? Let's fucking go!!

I should really get some sleep first though.

u/DeepFuckingValue - Real American Hero - WSJ

Let's fucking go!!

Oh, is today Friday? LOL

Well... Let's all figure this shit out by Monday then.

Oh, btw, I am a bipolar buffoon alcoholic maniac with learning disabilities. All of my posts are based on the fantasy of eating tendies on Mars and are not intended as investing advice or suggestion, etc. I dream of conquering Melvin the Martian so we can safely terraform that son bitch, crack open some Natty Lights and eat oysters. Or we could just make it better here on Earth too. I mean whatever. Go Internet!

On January 29 2021 18:51 RiKD wrote: Oh, btw, I am a bipolar buffoon alcoholic maniac with learning disabilities. All of my posts are based on the fantasy of eating tendies on Mars and are not intended as investing advice or suggestion, etc. I dream of conquering Melvin the Martian so we can safely terraform that son bitch, crack open some Natty Lights and eat oysters. Or we could just make it better here on Earth too. I mean whatever. Go Internet!

can i join ur bipolar club? my physicist thinks i have bi polar too( i don't thnk i do though). i am not an alcohloic maniac with learning disabiitlies though

the earth is bi polar

On January 29 2021 16:22 NewbSaibot wrote: 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+?

I think you are referring to short-selling.

Whats going on here is that ppl are shorting GME by using put options, which have an expiration date.

Or maybe the HFs went Short Call Options which also have an expiry.

Not entirely sure but I think that is what is going on.

User was banned for this post.

Hi hiems

They are simply shorting. If you borrow stock at $10 then sell it, you buy back the borrowed share later, which you are hoping is less than what you sold it for. That is your profit as a shot seller. However, if the stock goes to $20, $50, $360... you can see how an investment of say $1 million can easily cost you 36 times your original amount invested. At some point, your limit on max losses are maxed and the $36 million i.e. your position is sold/liquidated. If you have money, great, you can hold on and ride it out. If not, you are forced to buy back shares at a higher price to cover what you can. That's why the stock is rising because as the shorts position was so heavily imbalanced and they cannot afford to hold the position forever as it rises higher, since it continuously pushes to higher and higher limits. The rise on the chart is from shorts being liquidated and effectively buying back stock at a much higher price, in other words, dumping their money into the marketplace. That's why it's a battle of reddit vs the shorts and a lot of the money sitting in the stock right now belongs to the short sellers who lost it by buying back higher, at some point it'll have to drop because it bears no relation to the value of the company long term but as it flies around between $260 and $580, good luck to the short sellers willing to try find the point it crashes with a group determined to push the price to liquidate you

On January 30 2021 16:39 ggplz wrote: They are simply shorting. If you borrow stock at $10 then sell it, you buy back the borrowed share later, which you are hoping is less than what you sold it for. That is your profit as a shot seller. However, if the stock goes to $20, $50, $360... you can see how an investment of say $1 million can easily cost you 36 times your original amount invested. At some point, you can't pay the $36 million and your position (shares) are liquidated. If you have that money, great. If not, you are forced to buy back shares at a higher price to cover what you can. That's why the stock is rising because as the shorts position was so heavily imbalanced and they cannot afford to hold the position forever, it continuously pushes to higher and higher limits. The rise on the chart is from shorts being liquidated and effectively buying back stock at a much higher price, in other words, dumping their money into the marketplace. That's why it's a battle of reddit vs the shorts, because the money literally sitting in the stock right now belongs to the short sellers who lost it, at some point it'll have to drop because it bears no relation to the value of the company long term but as it flies around between $260 and $580, good luck to the short sellers willing to try find the point it crashes with a group determined to push the price to liquidate you

hm yeah I understand how shorting a stock works, I just thought they were short calls or something because ppl keep talking about options, gamma, stuff expiring, etc.

As far as I understand that, options calls are contracts between you and the market maker (i don't trade them) and to make that work the market maker have to take the other side of the transaction by buying stock to control their risk and profit. So if reddit users are buying option calls, the market maker has to buy stock for their side of the transaction, which drives the price higher due to supply/demand.. and in turn squeezes shorts even harder to close their positions as their account limits get hit and positions automatically liquidated/sold to the market. That's why this setup is so ridiculous because they borrowed so heavily at 140% of the stock and what do they have to do when they liquidate? Buy back shares. Many of the shares were owned by long term investors and likely not to be traded readily, so the price rises also due to that and boom, you have this ridiculous rise that would probably be way higher if it wasn't for the actions of brokers worrying about market liquidity

On January 30 2021 17:16 ggplz wrote: As far as I understand that, options calls are contracts between you and the market maker (i don't trade them) and to make that work the market maker have to take the other side of the transaction by buying stock to control their risk and profit. So if reddit users are buying option calls, the market maker has to buy stock for their side of the transaction, which drives the price higher due to supply/demand.. and in turn squeezes shorts even harder to close their positions as their account limits get hit and positions automatically liquidated/sold to the market. That's why this setup is so ridiculous because they borrowed so heavily at 140% of the stock and what do they have to do when they liquidate? Buy back shares. Many of the shares were owned by long term investors and likely not to be traded readily, so the price rises also due to that and boom, you have this ridiculous rise that would probably be way higher if it wasn't for the actions of brokers worrying about market liquidity

yeah I don't trade options either.

yea, from what I learned being short calls is basically taking the other side of the call option and making money on the issuance of the contract betting either the contracts expire outofthemoney/can't beat the rake.

idk afaik this seems like what the HFs are doing rather than a traditional short of a stock but yeah the part I am confused about is exactly how this drives the stock price higher when their position worsens. Understanding this mechanism on the simple "short the stock" model is alot easier/simpler but I am a bit confused on the options part of it maybe your right tho they are just shorting the stock.