User Panel
[#1]
Quoted: Rage is how their pockets are so deep. Right now robinhood is being swamped by people trying to get in on this signing up to the app. Its like that scene in lord of the rings when the Rohirrim arrive to buy more stonks. View Quote View All Quotes View All Quotes Quoted: Quoted: My Father said that the $200 puts on GME are $10,600 for one put. I am new to puts/calls but that is a huge risk. 100 shares per put, etc. The Reddit army may keep things up to spite people buying puts but I don't see how their pockets are so deep. Rage is how their pockets are so deep. Right now robinhood is being swamped by people trying to get in on this signing up to the app. Its like that scene in lord of the rings when the Rohirrim arrive to buy more stonks. Don’t get me wrong. I’m not a big fan of hedge funds but rage isn’t the real driver. It’s an excuse people make to themselves to justify buying a stock that goes against what is really going on. People just want to get in on the action and make money. It will crash when some of the big money pulls out soon. |
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[#2]
Quoted: So how do you make money on this when the stock goes back down to where it "should be"? View Quote By watching for pump and dumps. The pattern with pennys seems to be, grab it while it's at a low for the year, wait for news or some hype, and get ready to sell when people pile on. Rinse and repeat. If you buy when there is news you are likely to end up holding it after it tanks. |
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[#4]
Quoted: There is so much money and big players involved there is no way they will allow this to happen. Why Redditt was down today I assume. View Quote Allowing it to happen crushes one hedge fund company. Blowing the whistle and stopping it from happening crushes the entire system and throws the whole world into chaos. So they'll probably do the second one. |
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[#5]
I think I finally understand what happened at the end of Trading Places.
Thanks everyone. |
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[#6]
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[#7]
WSB banned from Discord
You don’t mess with the money. What kind of a world to we living in where marauding hedge funds are protected and the people are the enemy? |
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[#8]
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[#9]
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[#10]
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[#12]
The Reddit group that is doing this to GameStop (and to the hedge funds that hold the shorts on these stocks) are planning on doing the same to AMC stock.
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[#13]
Attached File
Down just a little in aftermarket ?? I bought at $14 today. Should have sold at market close. |
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[#14]
Quoted: Wouldn’t that be fraud? Dealing in shares that don’t exist? ^^^^^^^^^^[[ View Quote View All Quotes View All Quotes Quoted: 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. Wouldn’t that be fraud? Dealing in shares that don’t exist? ^^^^^^^^^^[[ Welcome to the synthetic market. |
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[#15]
Quoted: Quoted: 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. Wouldn’t that be fraud? Dealing in shares that don’t exist? ^^^^^^^^^^[[ Welcome to the synthetic market. No shit. Derivatives can seem very illogical at times. |
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[#16]
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[#17]
Quoted: https://www.ar15.com/media/mediaFiles/243882/4E066141-1660-4D01-AA36-5B4BE5E25038_png-1799656.JPG Down just a little in aftermarket I bought at $14 today. Should have sold at market close. View Quote GME was shorted more than there are existing shares, however the fuck you do that. |
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[#18]
r/wallstreetbets just went private
their discord channel was just banned SHIT IS ABOUT TO HAPPEN |
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[#19]
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[#20]
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[#21]
There's a coordinated attack going on.
There's massive selling pressure on the stocks after hours. |
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[#22]
The peasants will not be allowed to prosper.
Count the minutes before this is domestic economic terrorism and a financial repeat of the Capitol incident. |
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[#23]
Quoted: WSB banned from Discord You don’t mess with the money. What kind of a world to we living in where marauding hedge funds are protected and the people are the enemy? View Quote The same world it's always been. |
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[#24]
Quoted: WSB banned from Discord You don't mess with the money. What kind of a world to we living in where marauding hedge funds are protected and the people are the enemy? View Quote this last election should and this should tell you everything |
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[#25]
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[#26]
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[#27]
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[#28]
I'm sure they have top men on holding people accountable....
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[#30]
What happens when WSB sees the lowered price and decides to buy more at a "discount"
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[#31]
Quoted: Trying to squeeze out the little people. View Quote View All Quotes View All Quotes Quoted: Trying to squeeze out the little people. Sure is. But I still hate the gambling side of Wall Street. It doesn't compliment Main Street. |
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[#32]
Quoted: What happens when WSB sees the lowered price and decides to buy more at a "discount" View Quote I imagine that's what's happening. Their new subreddit is aware that there is a lot of fuckery afoot right now that is likely market manipulation by the short position folks trying to get people to panic sell. |
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[#33]
Quoted: I imagine that's what's happening. Their new subreddit is aware that there is a lot of fuckery afoot right now that is likely market manipulation by the short position folks trying to get people to panic sell. View Quote View All Quotes View All Quotes Quoted: Quoted: What happens when WSB sees the lowered price and decides to buy more at a "discount" I imagine that's what's happening. Their new subreddit is aware that there is a lot of fuckery afoot right now that is likely market manipulation by the short position folks trying to get people to panic sell. New? |
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[#34]
This whole kabal shows how much the deck is stacked against the individual investor.
A bunch of people band together, crush a hedge fund giant, and now the regulators and market movers are going to let YOU know who the real power is. The exchange is talking about suspending trades for 30 days. They shut down the stock multiple times over the last few days to let the big money catch up. That's now how this should work. It's disgusting, really. |
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[#35]
Quoted: https://www.ar15.com/media/mediaFiles/243882/4E066141-1660-4D01-AA36-5B4BE5E25038_png-1799656.JPG Down just a little in aftermarket ?? I bought at $14 today. Should have sold at market close. View Quote ???? |
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[#36]
Quoted: This whole kabal shows how much the deck is stacked against the individual investor. A bunch of people band together, crush a hedge fund giant, and now the regulators and market movers are going to let YOU know who the real power is. The exchange is talking about suspending trades for 30 days. They shut down the stock multiple times over the last few days to let the big money catch up. That's now how this should work. It's disgusting, really. View Quote |
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[#37]
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[#38]
I'm out of cash in my account (unsettled transactions from today) so I likely won't get to play tomorrow and Friday. But I'll be watching.
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[#39]
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[#40]
do you really think multi billion dollar hedge fund / investment companies are just going to allow this to happen?
the hammer is about to drop. dont for a second think the common folk have a chance in this country anymore. |
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[#41]
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[#42]
Quoted: do you really think multi billion dollar hedge fund / investment companies are just going to allow this to happen? the hammer is about to drop. dont for a second think the common folk have a chance in this country anymore. View Quote I’m rooting for them to stick it to the hedge fund shitbags |
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[#43]
Quoted: This whole kabal shows how much the deck is stacked against the individual investor. A bunch of people band together, crush a hedge fund giant, and now the regulators and market movers are going to let YOU know who the real power is. The exchange is talking about suspending trades for 30 days. They shut down the stock multiple times over the last few days to let the big money catch up. That's now how this should work. It's disgusting, really. View Quote My thoughts exactly. |
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[#44]
Quoted: do you really think multi billion dollar hedge fund / investment companies are just going to allow this to happen? the hammer is about to drop. dont for a second think the common folk have a chance in this country anymore. View Quote Normally I'd agree with you. But this particular instance is unique. The short interest is 140% of float. In order to drive the price down the hedge funds put themselves further in the red, and it didn't work. In fact over the course of the week short interest has gone up slightly. To follow on, many of the investors on WSB have made serious money this year and actually have capital (not all). It's very possible that the biggest hedge funds in this are literally backed into a corner and the only way they can get out is to break the spirit of the investors, and if you read WSB, the vast majority of them are seeing this as the little guy vs the big guy. Keep in mind Blackrock, one of the biggest fund managers, holds a significant number of shares already that they bought before all of this (my guess is for the sole purpose of loaning to short sellers). To pile on the stock has been so volatile that the market makers are helping to fuel this just to keep their P&L from crashing. If retail investors hold a significant enough percentage of the actual shares to prevent the hedge funds from being able to cover (very likely), they just need to hold onto their shares to drive a short squeeze. They've made it clear they intend to hold. The price may fluctuate, but if the shares aren't there to cover the short positions, the hedge funds will literally go bankrupt. This is real. |
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[#45]
Quoted: Normally I'd agree with you. But this particular instance is unique. The short interest is 140% of float. In order to drive the price down the hedge funds put themselves further in the red, and it didn't work. In fact over the course of the week short interest has gone up slightly. To follow on, many of the investors on WSB have made serious money this year and actually have capital (not all). It's very possible that the biggest hedge funds in this are literally backed into a corner and the only way they can get out is to break the spirit of the investors, and if you read WSB, the vast majority of them are seeing this as the little guy vs the big guy. Keep in mind Blackrock, one of the biggest fund managers, holds a significant number of shares already that they bought before all of this (my guess is for the sole purpose of loaning to short sellers). To pile on the stock has been so volatile that the market makers are helping to fuel this just to keep their P&L from crashing. If retail investors hold a significant enough percentage of the actual shares to prevent the hedge funds from being able to cover (very likely), they just need to hold onto their shares to drive a short squeeze. They've made it clear they intend to hold. The price may fluctuate, but if the shares aren't there to cover the short positions, the hedge funds will literally go bankrupt. This is real. View Quote Leonidas meme here. Hold. FUCKING HOLD. H O L D Attached File |
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[#46]
Quoted: This whole kabal shows how much the deck is stacked against the individual investor. A bunch of people band together, crush a hedge fund giant, and now the regulators and market movers are going to let YOU know who the real power is. The exchange is talking about suspending trades for 30 days. They shut down the stock multiple times over the last few days to let the big money catch up. That's now how this should work. It's disgusting, really. View Quote I want to see them try to shut down an exchange for 30 days. It will make 1929 look like a blip as they won’t be able to stop the stampede out of that market. Faith will be at 0%. Plus Attached File |
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[#47]
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[#48]
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[#49]
View Quote Let it all burn. |
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[#50]
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