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Posted: 1/26/2021 9:29:50 AM EDT
[#1]
Quote HistoryQuoted: Reddit sub trying to dick someone that was trying to make money on shorts. There's nothing fundamental in it at all. It's now basically a pyramid scheme. Approach with your eyes wide open, someone (a lot of someones) is going to get caught trying to get out and loose a bunch. ~80% of Wall Street are government-funded parasites who donate to dem politicians. They can all go fuck themselves. I hope WSB continues to break it off in their asses. |
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Posted: 1/26/2021 9:48:59 AM EDT
[#2]
((((FBI enters the chat))))
Yeah, I think there are shenanigans going on with this. Would not be surprised hearing about insider trading and prison time for certain players. Rich people don't like losing money. |
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Posted: 1/26/2021 9:52:39 AM EDT
[#3]
when's a good time to short it for the fall that's coming?
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Posted: 1/26/2021 9:54:26 AM EDT
[#4]
Quote HistoryQuoted: What's more impressive than his amazing luck (or brilliant call) is his ability to hold on to his position as it passed through $1M...then $2M...then $3M....and so on and so forth. I've got pretty good nerves but I'm pretty certain I would have folded a call option bet like that long before I hit $13M. It's classic dilemma of taking a long shots. The second they even start to come in you are presented with the conundrum of knowing when to sell. It's not like a lottery win where you wake up one morning and are worth millions of dollars or nothing at all. This dude had to sit there with sweaty palms and watch it unfold in real time and hold on. Nerves of steel. Hopefully he doesn't ride it back into the ground.  read /wallstreetbets some do |
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Posted: 1/26/2021 9:55:59 AM EDT
[#5]
Quote HistoryQuoted: ~80% of Wall Street are government-funded parasites who donate to dem politicians. They can all go fuck themselves. I hope WSB continues to break it off in their asses. this a bunch of assholes who fund the mess in DC, Fuck'em |
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Posted: 1/26/2021 10:30:35 AM EDT
[#6]
https://www.reddit.com/r/wallstreetbets/comments/l58f58/how_it_feels_before_market_opens/
Gonna be a hell of a day on wall street 
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Posted: 1/26/2021 10:38:55 AM EDT
[#7]
WSB is becoming too...popular.
First Cramer, then Citron and Melvin call out WSB, now it's showing up in newspapers.  Attached File |
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Posted: 1/26/2021 10:40:02 AM EDT
[#8]
GameStop is now $100 a share.
  Fuck you Hedge fund short sellers
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Posted: 1/26/2021 10:40:36 AM EDT
[#9]
Quote HistoryQuoted: ((((FBI enters the chat)))) Yeah, I think there are shenanigans going on with this. Would not be surprised hearing about insider trading and prison time for certain players. Rich people don't like losing money. I was talking about this aspect with my gf last night. I don’t know if insider trading applies. Did these Reddit guys have any non-public info? Or are they going full JT Marlin and enticing others to buy while the early folks are getting out? I’m not making specific accusations; I don’t know enough about what’s going on here. This seems a little out of the ordinary for this all to be organic. Certainly not impossible though, I guess. |
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Posted: 1/26/2021 10:43:30 AM EDT
[#10]
https://www.reddit.com/r/wallstreetbets/comments/l54ky3/an_open_letter_to_cnbc/
An open letter to CNBC Before you spend another day hosting your shill hedge fund buddies to come on the air and demonize r/wallstreetbets I hope you read this. Your contempt for the retail investor (your audience) is palpable and if you don't get it together, you'll lose an entire new generation of investors. I keep thinking about these funds that are short GME like your boys at Melvin Capital / your coverage of this subreddit and I'm getting madder and madder. These funds can manipulate the market via your network and if they screw up big because they don't even know the basics of portfolio risk 101 and using position sizing, they just get a bailout from their billionaire friends at Citadel. Then they have the nerve to turn us into public enemy #1 just because we believe in an underdog company getting a second chance. We don't have billionaires to bail us out when we mess up our portfolio risk and a position goes against us. We can't go on TV and make attempts to manipulate millions to take our side of the trade. If we mess up as bad as they did, we're wiped out, have to start from scratch and are back to giving handjobs behind the dumpster at Wendy's. Seriously. Motherfuck these people. I sincerely hope they suffer. We want to see the loss porn. |
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Posted: 1/26/2021 10:43:41 AM EDT
[#11]
Quote HistoryQuoted: ~80% of Wall Street are government-funded parasites who donate to dem politicians. They can all go fuck themselves. I hope WSB continues to break it off in their asses. Free money and a finger on the scale means no true price discovery. /rWSB will continue to raid as long as big institutional wants to get naked and go for a swim in the deep water. The market is due for a major correction. Unless you have a lot of money to throw at that play for a long time, you better be right on your first roll. Just ask the Duke Brothers. |
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Posted: 1/26/2021 10:43:43 AM EDT
[#12]
Quote HistoryQuoted: I was talking about this aspect with my gf last night. I don’t know if insider trading applies. Did these Reddit guys have any non-public info? Or are they going full JT Marlin and enticing others to buy while the early folks are getting out? I’m not making specific accusations; I don’t know enough about what’s going on here. This seems a little out of the ordinary for this all to be organic. Certainly not impossible though, I guess. The SEC is going to go after a bunch of kids with stimulus checks when they put 0 Wall Street cocksuckers in jail in 2008? |
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Posted: 1/26/2021 10:50:26 AM EDT
[#13]
Quote HistoryQuoted: The SEC is going to go after a bunch of kids with stimulus checks when they put 0 Wall Street cocksuckers in jail in 2008? Quote HistoryQuoted: Quoted: I was talking about this aspect with my gf last night. I don't know if insider trading applies. Did these Reddit guys have any non-public info? Or are they going full JT Marlin and enticing others to buy while the early folks are getting out? I'm not making specific accusations; I don't know enough about what's going on here. This seems a little out of the ordinary for this all to be organic. Certainly not impossible though, I guess. The SEC is going to go after a bunch of kids with stimulus checks when they put 0 Wall Street cocksuckers in jail in 2008? In all honestly, shorting GME is probably a wise move long term, they are closing stores, and their existing business model was barely sustainable before covid. Nvidia, Microsoft, Google, et al, are all well established in streaming or subscription gaming now. But looks like the 'tutes smelled blood and set the stage for their own leveraged fistfucking. What is going to be interesting to see is the downstream contagion from GME. This may be the Pets.com event of this financial generation... |
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Posted: 1/26/2021 10:50:52 AM EDT
[#14]
Quote HistoryQuoted: Free money and a finger on the scale means no true price discovery. /rWSB will continue to raid as long as big institutional wants to get naked and go for a swim in the deep water. The market is due for a major correction. Unless you have a lot of money to throw at that play for a long time, you better be right on your first roll. Just ask the Duke Brothers. As I said earlier in the thread, the majority of the modern financial industry does nothing other than add costs. Finance as a share of GDP has gone from 3% in the 60s to ~7% now. It should have shrunk with the advent of computers, if it was actually doing it job properly (i.e. price discovery and capital allocation as efficiently as possible) Instead bailouts and FRC injections have just created a "heads I win, tails you lose" scenario where the financial industry just bloats to larger and larger highs. Watching a bunch of kids with stimulus checks break it off in their asses is the feel good story of 2021. |
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Posted: 1/26/2021 10:50:53 AM EDT
[#15]
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Posted: 1/26/2021 10:51:18 AM EDT
[#16]
This might be the funniest shit I've ever seen.
We wall street now. |
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Posted: 1/26/2021 10:55:26 AM EDT
[#17]
Quote HistoryThat guy with the glasses is a fucking chode. "Foreign Powers"? Go fuck yourself. |
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Posted: 1/26/2021 10:55:36 AM EDT
[#18]
Quote HistoryQuoted: ((((FBI enters the chat)))) Yeah, I think there are shenanigans going on with this. Would not be surprised hearing about insider trading and prison time for certain players. Rich people don't like losing money. being retarded isn't against the law jk love u wsb |
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Posted: 1/26/2021 10:56:39 AM EDT
[#19]
Quote HistoryQuoted: This might be the funniest shit I've ever seen. We wall street now. This is how we get our bailout money back from wallstreet. Outright ass fucking them when they short stocks. |
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Posted: 1/26/2021 10:58:21 AM EDT
[#20]
Quote HistoryQuoted: That guy with the glasses is a fucking chode. "Foreign Powers"? Go fuck yourself. "I don't have subpoena powers" I bet 87000 GME shares he's probably asked a big shot lawyer friend of his if he could get a subpoena for WSB |
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Posted: 1/26/2021 11:01:32 AM EDT
[#21]
Quote HistoryQuoted: The SEC is going to go after a bunch of kids with stimulus checks when they put 0 Wall Street cocksuckers in jail in 2008? We discuss, almost daily, the seemingly unequal application of rules and laws against conservatives. I wouldn’t be remotely surprised to see some regulatory authority dig into what took place here. That aside, I’m not suggesting the SEC should go after anyone, nor am I defending the lack of criminal charges post-financial crisis. I’m simply thinking out loud about the possible catalysts of the abnormal spike in the price of an otherwise struggling company. I acknowledged that it could be organic, and if it is, I hope all these people clean up. |
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Posted: 1/26/2021 11:06:15 AM EDT
[#22]
Quote HistoryQuoted: We discuss, almost daily, the seemingly unequal application of rules and laws against conservatives. I wouldn’t be remotely surprised to see some regulatory authority dig into what took place here. That aside, I’m not suggesting the SEC should go after anyone, nor am I defending the lack of criminal charges post-financial crisis. I’m simply thinking out loud about the possible catalysts of the abnormal spike in the price of an otherwise struggling company. I acknowledged that it could be organic, and if it is, I hope all these people clean up. "We like the stocks!" "We like the stocks!" "We like the stocks!" |
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Posted: 1/26/2021 11:57:11 AM EDT
[#23]
Quote HistoryQuoted: I was talking about this aspect with my gf last night. I don’t know if insider trading applies. Did these Reddit guys have any non-public info? Or are they going full JT Marlin and enticing others to buy while the early folks are getting out? I’m not making specific accusations; I don’t know enough about what’s going on here. This seems a little out of the ordinary for this all to be organic. Certainly not impossible though, I guess. Quote HistoryQuoted: Quoted: ((((FBI enters the chat)))) Yeah, I think there are shenanigans going on with this. Would not be surprised hearing about insider trading and prison time for certain players. Rich people don't like losing money. I was talking about this aspect with my gf last night. I don’t know if insider trading applies. Did these Reddit guys have any non-public info? Or are they going full JT Marlin and enticing others to buy while the early folks are getting out? I’m not making specific accusations; I don’t know enough about what’s going on here. This seems a little out of the ordinary for this all to be organic. Certainly not impossible though, I guess. Look at the China WUFLU thread from December 2019. People were talking about china shutting down, massive massive economic damage there. I moved my 50% of my 401k from index(dow and S&P) to bonds and treasuries mid Feb 2020. 3 weeks later BOOOOOOOOM market imploded. I moved back after it started to recover. didn't catch the bottom but close enough. There was no inside knowledge there just good analysis of the available data(from 5000 sources, some BS some tinfoil hats, some good). Im sure reddit has similar hivemind things going on. Our hivemind just has autism and cant deal with some issues(9vs45, beans vs no beans, glock vs 1911, and 1:7 vs 1:9 twist). |
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Posted: 1/26/2021 12:06:36 PM EDT
[#24]
Edit
Holy farking shite balls. It was much much worse than i thought. The lulz. The amount of lube for some outfits need is hilarious. |
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Posted: 1/26/2021 12:06:47 PM EDT
[#25]
Quote HistoryQuoted: As I said earlier in the thread, the majority of the modern financial industry does nothing other than add costs. Finance as a share of GDP has gone from 3% in the 60s to ~7% now. It should have shrunk with the advent of computers, if it was actually doing it job properly (i.e. price discovery and capital allocation as efficiently as possible) Instead bailouts and FRC injections have just created a "heads I win, tails you lose" scenario where the financial industry just bloats to larger and larger highs. Watching a bunch of kids with stimulus checks break it off in their asses is the feel good story of 2021. Yes it is. What is makes me wonder is what others like this are out there. |
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Posted: 1/26/2021 12:10:00 PM EDT
[#26]
Quote HistoryForeign Powers and Market Terrorist....FTW. WTF |
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Posted: 1/26/2021 12:11:12 PM EDT
[#27]
Quote HistoryQuoted: Foreign Powers and Market Terrorist....FTW. WTF Peak boomer |
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Posted: 1/26/2021 12:12:39 PM EDT
[#28]
https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340?mod=markets_lead_pos11
Fucking hilarious, I spent 40min talking to a Point 72 guy on Saturday |
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Posted: 1/26/2021 12:18:59 PM EDT
[#29]
Never underestimate the power of autism.
Re: Mercury Rising Re: The Accountant |
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Posted: 1/26/2021 12:21:17 PM EDT
[#30]
This is my feel good moment of the year.
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Posted: 1/26/2021 12:21:44 PM EDT
[#31]
Quote HistoryQuoted: Gonna be hard to find a problem with a bunch of people, in a public forum, utilizing public information to make trades on public companies. Someone discovered a lot of institutions swimming naked and the tide is going out. In all honestly, shorting GME is probably a wise move long term, they are closing stores, and their existing business model was barely sustainable before covid. Nvidia, Microsoft, Google, et al, are all well established in streaming or subscription gaming now. But looks like the 'tutes smelled blood and set the stage for their own leveraged fistfucking. What is going to be interesting to see is the downstream contagion from GME. This may be the Pets.com event of this financial generation... Good post, I agree 100%. Someone said yesterday's backstop was a "bail-out". That sort of implies gov got involved. They didn't. Two other notorious naked short-selling hedge funds kicked in the money to keep the entire structure from collapsing. Honest shorting plays an important part in the market. These people have used naked shorting to destroy people's lives and US corporations, and they've done it for years while the SEC was at lunch. Many of them have gotten unbelievably wealthy - avarice to make The Wolf of Wall Street look tame. I honestly hope they burn in Hell. |
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Posted: 1/26/2021 12:22:43 PM EDT
[#32]
Quote HistoryQuoted: Midget porn and stonks @WhiskersTheCat Quote HistoryQuoted: Quoted: You're defending naked short sellers? Bold strategy, Cotton. Midget porn and stonks @WhiskersTheCat Lol they got it right in the pooper |
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Posted: 1/26/2021 12:23:02 PM EDT
[#33]
Quote HistoryQuoted: Edit: Also it's more like $47k into $3M. Not quite as impressive as the title would make it seem. I could put hands on $47k liquid right fucking now for a $3mil payout  
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Posted: 1/26/2021 12:29:58 PM EDT
[#34]
Quote HistoryQuoted: Good post, I agree 100%. Someone said yesterday's backstop was a "bail-out". That sort of implies gov got involved. They didn't. Two other notorious naked short-selling hedge funds kicked in the money to keep the entire structure from collapsing. Honest shorting plays an important part in the market. These people have used naked shorting to destroy people's lives and US corporations, and they've done it for years while the SEC was at lunch. Many of them have gotten unbelievably wealthy - avarice to make The Wolf of Wall Street look tame. I honestly hope they burn in Hell. Its time to pay the piper. BS market manipulation by these same funds will be next. |
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Posted: 1/26/2021 12:39:25 PM EDT
[#35]
Quote HistoryQuoted: Right there with you Quote HistoryQuoted: Quoted: I wish I had a brain Right there with you You also need money. In order to make money you need money. (Investing) |
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Posted: 1/26/2021 12:45:47 PM EDT
[#36]
Quote HistoryQuoted: That guy with the glasses is a fucking chode. "Foreign Powers"? Go fuck yourself. Quote HistoryQuoted: That guy with the glasses is a fucking chode. "Foreign Powers"? Go fuck yourself. Everyone needs a boogeyman. |
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Posted: 1/26/2021 12:47:06 PM EDT
[#37]
Quote HistoryQuoted: Good post, I agree 100%. Someone said yesterday's backstop was a "bail-out". That sort of implies gov got involved. They didn't. Two other notorious naked short-selling hedge funds kicked in the money to keep the entire structure from collapsing. Honest shorting plays an important part in the market. These people have used naked shorting to destroy people's lives and US corporations, and they've done it for years while the SEC was at lunch. Many of them have gotten unbelievably wealthy - avarice to make The Wolf of Wall Street look tame. I honestly hope they burn in Hell. Quote HistoryQuoted: Quoted: Gonna be hard to find a problem with a bunch of people, in a public forum, utilizing public information to make trades on public companies. Someone discovered a lot of institutions swimming naked and the tide is going out. In all honestly, shorting GME is probably a wise move long term, they are closing stores, and their existing business model was barely sustainable before covid. Nvidia, Microsoft, Google, et al, are all well established in streaming or subscription gaming now. But looks like the 'tutes smelled blood and set the stage for their own leveraged fistfucking. What is going to be interesting to see is the downstream contagion from GME. This may be the Pets.com event of this financial generation... Good post, I agree 100%. Someone said yesterday's backstop was a "bail-out". That sort of implies gov got involved. They didn't. Two other notorious naked short-selling hedge funds kicked in the money to keep the entire structure from collapsing. Honest shorting plays an important part in the market. These people have used naked shorting to destroy people's lives and US corporations, and they've done it for years while the SEC was at lunch. Many of them have gotten unbelievably wealthy - avarice to make The Wolf of Wall Street look tame. I honestly hope they burn in Hell. Bingo. |
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Posted: 1/26/2021 1:03:21 PM EDT
[#38]
Quote HistoryQuoted: being retarded isn't against the law jk love u wsb Retardation Is Not a Crime.tm |
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Posted: 1/26/2021 1:14:58 PM EDT
[#39]
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Posted: 1/26/2021 1:20:22 PM EDT
[#40]
Quote HistoryQuoted: @woodsie Stay the fuck away unless you like trying to catch falling knives. Gamestop = Blockbuster. Everyone knows it. Hell, everyone working there knows it. Its a zombie company operating on borrowed time. Most game sales have gone digital. That means Gamestop is cut out of the retail side twice- new games and used games (used games is where they used to make 50% of their revenues from). Gamestop has turned into a company you buy Playstation gift cards from. Quote HistoryQuoted: Quoted: So is there even partial merit to the GME rally or should I be buying out of the money puts with a couple months to expiration tomorrow? @woodsie Stay the fuck away unless you like trying to catch falling knives. Gamestop = Blockbuster. Everyone knows it. Hell, everyone working there knows it. Its a zombie company operating on borrowed time. Most game sales have gone digital. That means Gamestop is cut out of the retail side twice- new games and used games (used games is where they used to make 50% of their revenues from). Gamestop has turned into a company you buy Playstation gift cards from. Do you know what a "put" is?
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Posted: 1/26/2021 1:47:16 PM EDT
[#41]
Big bet with bigger return. I would not have made it.
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Posted: 1/26/2021 2:57:42 PM EDT
[#42]
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Posted: 1/26/2021 3:04:50 PM EDT
[#43]
Quote HistorySo what’s the guy’s position worth currently? |
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Posted: 1/26/2021 3:07:37 PM EDT
[#44]
Quote HistoryQuoted: So what's the guy's position worth currently? Quote HistoryQuoted: So what's the guy's position worth currently? It was total of over $16 million the other day before the shares peaked $140 He sold a couple hundred calls (~$800k worth I believe). Id assume as cover |
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Posted: 1/26/2021 3:08:46 PM EDT
[#45]
Quote HistoryQuoted: So what’s the guy’s position worth currently? Quote HistoryQuoted: So what’s the guy’s position worth currently? He Gordon Gekko now. |
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Posted: 1/26/2021 3:14:30 PM EDT
[#46]
Quote HistoryQuoted: So what’s the guy’s position worth currently? moon lambos |
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Posted: 1/26/2021 3:26:52 PM EDT
[#47]
thanks OP
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Posted: 1/26/2021 3:33:57 PM EDT
[#48]
Quote HistoryQuoted: moon lambos Quote HistoryQuoted: Quoted: So what’s the guy’s position worth currently? moon lambos Badass: 
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Posted: 1/26/2021 3:36:19 PM EDT
[#49]
Basically someone is betting the stock will lose on a certain date. He sells shares (he doesn't own yet) at $10. When settlement date comes around he is required to pass on his shares to the buyer at $10. If the price falls, he buys them cheap at the fallen price and wins. If the price rises, he is forced to buy at the higher price to cover his sale.
With GME there were many short sellers expecting to scoop up cheap shares to cover their sell. However the squeezers started buying up shares knowing the short sellers' settlement date was coming due, reducing the quantities available for short sellers. Short sellers were forced to pay a little more due to limited supply to cover. Squeezers kept buying up supply forcing the price up more. At some point the short sellers panicked and started paying over their purchase price from the squeezers to make sure they had shares to cover and/or limit their losses on settlement day. Squeezers continued to buy at a premium. Shorters continued to buy at a greater premium from squeezers. Cycle will continue until the short sellers cover all their sales. |
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Posted: 1/26/2021 3:40:35 PM EDT
[#50]
Quote HistoryQuote HistoryQuoted: https://www.reddit.com/r/wallstreetbets/comments/l54ky3/an_open_letter_to_cnbc/ An open letter to CNBC Before you spend another day hosting your shill hedge fund buddies to come on the air and demonize r/wallstreetbets I hope you read this. Your contempt for the retail investor (your audience) is palpable and if you don't get it together, you'll lose an entire new generation of investors. I keep thinking about these funds that are short GME like your boys at Melvin Capital / your coverage of this subreddit and I'm getting madder and madder. These funds can manipulate the market via your network and if they screw up big because they don't even know the basics of portfolio risk 101 and using position sizing, they just get a bailout from their billionaire friends at Citadel. Then they have the nerve to turn us into public enemy #1 just because we believe in an underdog company getting a second chance. We don't have billionaires to bail us out when we mess up our portfolio risk and a position goes against us. We can't go on TV and make attempts to manipulate millions to take our side of the trade. If we mess up as bad as they did, we're wiped out, have to start from scratch and are back to giving handjobs behind the dumpster at Wendy's. Seriously. Motherfuck these people. I sincerely hope they suffer. We want to see the loss porn. Im willing to bet at this point and even before, it was personal for reddit/chans. We grew up with some of the best moments of our lives walking out of that store... Don't fuck with game stop. |
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