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Posted: 1/27/2021 10:24:04 AM EDT
This is crazy, looks like AMC is the next on the list.
**EDIT** they are going after wall street firms that are shorting almost 100% on the stock and making a killing doing it Attached File |
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haha....this is really awesome.
Normally institutional investing always fucked the retail investor. Now the retail investors are fucking the institutions. What a time to be alive! |
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Please explain it like I'm 5.... also how does AMC play into this?
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Quoted: haha....this is really awesome. Normally institutional investing always fucked the retail investor. Now the retail investors are fucking the institutions. What a time to be alive! View Quote I hope they do this all year. Fucking the assholes that got bailed out and made most of the financial issues in the past 20 years is a big win |
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Quoted: yep beating them at their game, love it View Quote View All Quotes View All Quotes Quoted: Quoted: Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. yep beating them at their game, love it I do too. I just wish I has an extra 50k laying around to get in on the action as well. |
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Quoted: Please explain it like I'm 5.... also how does AMC play into this? View Quote Wall Street played a dangerous game, people found out, and made them hate life. Basically, they agreed to sell stocks (at a later date) they didn't have and for the price before this all started. Too many did this, to the point where the number exceeded the amount available. Reddit started buying up shares knowing Wall Street would have to buy them at market price, which is now insanely inflated, up over 1000% this month. |
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Quoted: This is good. Wish I got in on the action... View Quote View All Quotes View All Quotes Quoted: Quoted: Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. This is good. Wish I got in on the action... The ride's not over yet fren, if you want to strap in Look for the gamma squeeze which hasn't happened yet (at that point option prices will spike) to REALLY fuck shit up -- although it could be today, tomorrow, or next week. NO telling. |
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Quoted: Wall Street played a dangerous game, people found out, and made them hate life. Basically, they agreed to sell stocks (at a later date) they didn't have and for the price before this all started. Too many did this, to the point where the number exceeded the amount available. Reddit started buying up shares knowing Wall Street would have to buy them at market price, which is now insanely inflated, up over 1000% this month. View Quote The history of wallstreet bets The Absolute Chaos of r/Wallstreetbets |
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Wallstreet shorted Gamestop for a quick buck, but people found out about it and started buying the stock en masse to inflate the value. Short selling is insanely risky, because your losses have no floor. You can theoretically lose and infinite amount of money during a short sale. I approve of any draining of Wallstreet capital. They profit on our woes and suffering on the daily and help fund the swamp. Get rekt, kids.
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When this all ends, the retail investors who bought it up will then be screwed. They're always screwed.
ITS THE CIIIIIRCLE OF LIIIIIFFFFEEEE. |
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I tried to jump on the AMC bandwagon, but Fidelity mysteriously having issues depositing EFT's for me this morning despite doing it hundreds of times without issue.... anyone else?
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The banks won’t bleed.
They’re the ones driving the price up as they have to swing the other way to cover the losses on the short. Many will get rich, but many retail investors don’t understand the game, can’t explain the Greeks, or options, short squeeze etc.. and will get burned. The banks will always win, and when they don’t, they do because a bailout will save them. This country, world in fact is ran by a bank. This is not q anon conspiracy. What you’re seeing is people being enlightened to a certain aspect of the game. |
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Quoted: Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. View Quote View All Quotes View All Quotes Quoted: Quoted: I wish I knew what all this meant. Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. I still don’t get it. |
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Quoted: Please explain it like I'm 5.... also how does AMC play into this? View Quote You make a bet dependent upon people not doing anything. People decide to do something. You lose bigly while they win bigly. AMC was what you thought people weren't going to do anything with, but you were wrong. The people decided to love AMC just to fuck you in the ass. I think that's it. |
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Countdown before trading is halted, banks are allowed to get out while they can, and their bailout is written into the next covid stimulus bill.
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Quoted: Quoted: Quoted: I wish I knew what all this meant. Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. I still don’t get it. in a nut shell A hedge fund (basically just some guys who can invest money into anything) borrowed shares of game stop from another investment company and then sold those shares to who ever wanted to buy them on the stock market. They did this, hoping the price of game stop would fall. Basically if they sold the shares at $20 a share, then the price fell to $10, they would have made $10 in profits. Well, r/wallstreetbets saw this and decided just to start buying all the game stop stocks and options they could to drive the price up, law of supply and demand, in turn causing the hedgefund to lose money on the trade. |
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Quoted: Countdown before trading is halted, banks are allowed to get out while they can, and their bailout is written into the next covid stimulus bill. View Quote Yeah, that's already happening. They've got most of us locked out already. I can't get onto my TD app right now. Been that way for nearly an hour. |
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Quoted: in a nut shell A hedge fund (basically just some guys who can invest money into anything) borrowed shares of game stop from another investment company and then sold those shares to who ever wanted to buy them on the stock market. They did this, hoping the price of game stop would fall. Basically if they sold the shares at $20 a share, then the price fell to $10, they would have made $10 in profits. Well, r/wallstreetbets saw this and decided just to start buying all the game stop stocks and options they could to drive the price up, law of supply and demand, in turn causing the hedgefund to lose money on the trade. View Quote Whats funny is its totally market manipulation but how the hell is the SEC going to monitor it? |
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Quoted: Quoted: Quoted: I wish I knew what all this meant. Basically, the peons are sticking it to wall street using the same gambling mechanisms they use. I still don’t get it. I'm not sure I do either. I just know that there are some creative rules being abused. |
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Quoted: Wallstreet shorted Gamestop for a quick buck, but people found out about it and started buying the stock en masse to inflate the value. Short selling is insanely risky, because your losses have no floor. You can theoretically lose and infinite amount of money during a short sale. I approve of any draining of Wallstreet capital. They profit on our woes and suffering on the daily and help fund the swamp. Get rekt, kids. View Quote Trading naked puts is insanely risky. You can actually have a very conservative strategy of coupling puts with calls, so that if the stock moves against your put, you can cover it at only a slight loss vs the unlimited loss potential. |
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Quoted: in a nut shell A hedge fund (basically just some guys who can invest money into anything) borrowed shares of game stop from another investment company and then sold those shares to who ever wanted to buy them on the stock market. They did this, hoping the price of game stop would fall. Basically if they sold the shares at $20 a share, then the price fell to $10, they would have made $10 in profits. Well, r/wallstreetbets saw this and decided just to start buying all the game stop stocks and options they could to drive the price up, law of supply and demand, in turn causing the hedgefund to lose money on the trade. View Quote You also need to add in that they did this so much that they lent out more shares than actually exist. |
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Quoted: Whats funny is its totally market manipulation but how the hell is the SEC going to monitor it? View Quote View All Quotes View All Quotes Quoted: Quoted: in a nut shell A hedge fund (basically just some guys who can invest money into anything) borrowed shares of game stop from another investment company and then sold those shares to who ever wanted to buy them on the stock market. They did this, hoping the price of game stop would fall. Basically if they sold the shares at $20 a share, then the price fell to $10, they would have made $10 in profits. Well, r/wallstreetbets saw this and decided just to start buying all the game stop stocks and options they could to drive the price up, law of supply and demand, in turn causing the hedgefund to lose money on the trade. Whats funny is its totally market manipulation but how the hell is the SEC going to monitor it? no such thing as market manipulation. |
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Quoted: Trading naked puts is insanely risky. You can actually have a very conservative strategy of coupling puts with calls, so that if the stock moves against your put, you can cover it at only a slight loss vs the unlimited loss potential. View Quote View All Quotes View All Quotes Quoted: Quoted: Wallstreet shorted Gamestop for a quick buck, but people found out about it and started buying the stock en masse to inflate the value. Short selling is insanely risky, because your losses have no floor. You can theoretically lose and infinite amount of money during a short sale. I approve of any draining of Wallstreet capital. They profit on our woes and suffering on the daily and help fund the swamp. Get rekt, kids. Trading naked puts is insanely risky. You can actually have a very conservative strategy of coupling puts with calls, so that if the stock moves against your put, you can cover it at only a slight loss vs the unlimited loss potential. DO YOU EVEN IRON CONDOOR BRO |
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Quoted: You also need to add in that they did this so much that they lent out more shares than actually exist. View Quote View All Quotes View All Quotes Quoted: Quoted: in a nut shell A hedge fund (basically just some guys who can invest money into anything) borrowed shares of game stop from another investment company and then sold those shares to who ever wanted to buy them on the stock market. They did this, hoping the price of game stop would fall. Basically if they sold the shares at $20 a share, then the price fell to $10, they would have made $10 in profits. Well, r/wallstreetbets saw this and decided just to start buying all the game stop stocks and options they could to drive the price up, law of supply and demand, in turn causing the hedgefund to lose money on the trade. You also need to add in that they did this so much that they lent out more shares than actually exist. Well now that's a spicy meat ball. How TF you close a short in which you can't buy all the shares for? |
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Quoted: This is crazy, looks like AMC is the next on the list. **EDIT** they are going after wall street firms that are shorting almost 100% on the stock and making a killing doing it https://www.ar15.com/media/mediaFiles/158920/gamestop_JPG-1798933.JPG View Quote I bought AMC last week. |
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Wall Street Elites Got CRUSHED May Lose BILLIONS As People Buy GameStop Stock To Destroy Hedge Funds Tim Pool's vid on it from this morning. |
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Quoted: I'm not sure I do either. I just know that there are some creative rules being abused. View Quote You have a stock at $10 you think will go down. You take a loan out against that stock and immediately sell it. After a year the stock is $7.50. You buy the stock back and pay off the loan. Your profit is 2.50 minus any interest. When a lot of folks buy something the price goes up. Supply/demand like with our ammo situation. Basically you bought 5.56 at 40 cents a round thinking it would get cheaper and you could buy it back later for your shoot in a year. Except now 5.56 is 1.25 so now you have buy back at 85 cents higher. You've "lost" 85 cents a round. WSB rocket bros have driven gamestop to high levels to make it more expensive for people shorting the stock. |
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Quoted: Yeah, that's already happening. They've got most of us locked out already. I can't get onto my TD app right now. Been that way for nearly an hour. View Quote View All Quotes View All Quotes Quoted: Quoted: Countdown before trading is halted, banks are allowed to get out while they can, and their bailout is written into the next covid stimulus bill. Yeah, that's already happening. They've got most of us locked out already. I can't get onto my TD app right now. Been that way for nearly an hour. shocking |
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Is the massive dump a lot of blue chip style stocks are taking caused by finds having to sell positions to have cash to cover their short positions?
Cause....shit....lot of 5-7% drops on stocks with no materially bad news. |
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Quoted: Trading naked puts is insanely risky. You can actually have a very conservative strategy of coupling puts with calls, so that if the stock moves against your put, you can cover it at only a slight loss vs the unlimited loss potential. View Quote But that costs extra money and eats into profit! Who would do such a thing? I still think that the original market manipulation was shorting GME into oblivion during the past two years. They got caught being too dumb and too greedy using the same strategy, with no hedge to escape that position. I can see the litigation printer going brrr on derivative actions as we speak. |
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Trading has been stopped once already. People are complainging about stoppages with certain brokers for certain things. Like you buy or sell stock but not options.
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Quoted: But that costs extra money and eats into profit! Who would do such a thing? I still think that the original market manipulation was shorting GME into oblivion during the past two years. They got caught being too dumb and too greedy using the same strategy, with no hedge to escape that position. I can see the litigation printer going brrr on derivative actions as we speak. View Quote |
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Quoted: Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif View Quote View All Quotes View All Quotes Quoted: Quoted: Well now that's a spicy meat ball. How TF you close a short in which you can't buy all the shares for? Naked shorts and fractional reserves This is the reason the strategy is working so well, the found a share with ~140% of the float shorted and just hunkered down. https://thumbs.gfycat.com/EcstaticJubilantBeetle-size_restricted.gif AMC is only at 53%. That one is going to be a bit harder to cash in on. |
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