This is undoubtedly a sticky-worthy happening. Overview:
Louis Rossmann: Why MSM's slander of /r/wallstreetbets pisses me off regarding GME
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This is rigged. Nothing anti-agenda makes it to Reddit's front page and WSB subs' posts have been booming for the last week.
I'm guessing this will be used to bring stronger regulations to the hedge funds sector (currently extremely unregulated, based, and an-cap). Redditors being commies will cheer this on.
"Nothing anti-agenda makes it to Reddit's front page" EXACTLY THIS MY MAN
Symbolism will be their downfall?
Check the posts on r/wsb. The ones that give you the "feels", that give you a "sense of action", the ones that instill...."virtue" ? They all have the saturn ? tag somewhere in them.
This started bothering me, like when everyone last summer sent out that black cube? Just feels so fucking off
I bought dogecoin awhile back and I’m crushing it. ? Not financial advice...
Which electronics use silver?
Thanks for the info... I knew electronics use a lot of gold but didn't realize they use silver too... learn something new every day
Good.
What we need is true capitalisn private seller selling to private buyer
We need to abolish all this public institutions (banks, insurance, public traded companies, unions, and so on) that have cause every problem in history
38% of AMC is owned by a Chinese firm.
You could be right about the motive, or not: https://conspiracies.win/p/11SKGk4JXd/whos-behind-the-the-great-squeez/c/ What do you think?
WSB are going to be the patsies of “deflation day”, when all stocks drop and there’s no safe haven but commodities that face shipping challenges.
This will most likely happen:
Citadel and a few others have secured a pool of stock that they can dump to markets near close (you can increase free float through dark pools by going to primary shareholder and making deals there and nobody sees it). It's a tit-for-tat kind of deal.
RH will force liquidate GME options positions 2hrs before market close on RH retail accounts. But before that....
They start hammering the stock price down selling to each other and recycling the stock back to selling and driving the stock price down more
.... and eventually a pre-approved price limit is reached, either the stock trading is halted or the force selling loop ends.
But before that the hedges who took new short positions from $400 levels exercise their options, making a killing
Market closes. WSB huddlers are holding their worthless GME stock that they bought at 5-25x of fair value
Hedges laugh all the way to the bank.
Alternative scenario is that hedges smell the blood and want to squeeze Melvin and Citadel for all their worth by not letting the price go down, forcing Melvin/Citadel to liquidate their worthwhile long positions starting late this evening and in aftermarket, giving excellent deals to the sharks, who can pick up the stocks on a -20% discount.
I'm hoping for the latter, because at least some WSB autists would win in that case, but I see very low likelihood of that happening.
theyve been doing that on/off all day, for days.
I reckon what this amounts to is big time memetic money magic (MMM)
If you stick "Gamestop" into a Gematria calculator you'll get 343 which is the sum total of the Lucky 7 triumvirate (7 multiplied by 7 multiplied by 7, 7x7x7) which is, of course, synonymous with the One-Armed Bandit (also known as slot machine, fruit machine etc depending on where you're from). 343 is also the sum in Jewish Gematria of the phrase "Biden End Times" make of that what you will.
So 7 is the God number in Egypt, a lucky number in Kabbalistic circles representative of the sephirot Netzach, 7 double letters in the Hebrew alphabet, 7angels who stand in the presence of God, 7 heavens, 7 earths, and even 7 hells its also the number of the Christian sacraments, plus you've got the world created in 7 days, Joshua marches around Jericho for 7 days, each phase of the moon lasts for 7 days.
When I saw this I was reminded of Max Gunters book Wall Street and Witchcraft which lays out the idea that to succeed in Wall Street you don't need to examine trends or derive strategy from graphs and statistics, instead, the big players are using complex occult ritual, tarot, ESP and lost forms of divination to win big.
The question is though, who is behind it? Biden? Could it be a "Day of the Jackal" style cash grab by Trump, the breakaway elites? Maybe a beta test for something much bigger yet to come.
And how much money has that inane BS book made for you?
Real Magick that actually works is a little bit different than these two penny book auhtors' crap.
https://www.google.com/amp/s/markets.businessinsider.com/amp/news/blackrock-gamestop-stock-price-investment-gain-day-traders-reddit-2021-1-1030009270
Doesnt this guy/company have something to do with the "Illuminati"?
They don't make any money on it, if they don't sell it.
And if they start dumping 13% of all shares, the market will tank.
Bankers are guilty of the biggest financial crime in world history: https://www.unz.com/article/one-third-of-american-workers-pay-is-being-stolen-heres-how/
Once you understand the crime, a lot of things start making sense. You realize why billionaire bankers like Epstein and Bronfman were blackmailing elite politicians with sex trafficking. With this happening now, I'm starting to think exposing the bankers for who they are and what they've done to take power is part of the plan, and this is just the beginning of it.
All wars are bankers wars
I'm very confused what's going on? Call someone break it down to me in laymen terms? Ty
Rich people shorted Gamestop because they were mainly in malls which are shutdown due to COVID. So Gamestop future is very sad.
People saw that and decided to buy all the gamestop stock and the rich billionaires bet it was going down. Now the rich people are losing billions of dollars. So the Biden admin stepped is to protect the billionaires which caused the average American middle class guy to lose a lot of money.
So I'm pretty bad with money. What could be the overall impact of this whole gamestop stock situation?
The rich people put in place restrictions to prevent the masses from doing this sort of thing again.
The rich people try to keep it a secret now when they are shorting a company before they go bankrupt so the rich people profit off another company closing its doors.
People move to crypto.
class action lawsuit filed against Robin Hood
I know its late but webull is where you want to sign up
charles schwabb has not flinched.
although, theyre getting douchey with setting a ceiling for limit sells.
try td or fidelity.
https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts
Another theory:.
Gamestop mgmt or board such as the chewy founder see the hedge funds shorting them into oblivion and use weaponized autism to counter it and drive their shares up, generate free publicity.
Maybe anons have enough capital to take out a small hedge fund, but probably not larger manipulated markets.
PROTIP:
99.9% of the time, when you see a movement of the people that is successfully fighting back against Wall Street, a government or any other major power it is fake.
It's an engineered event.
Guess who recently made a major deal with GameStop?
Bill Gates' baby - Microsoft.
Maybe the White House is involved with the stock shutdown (13k upvotes & 30+ "awards"):
https://www.reddit.com/r/ClassActionRobinHood/comments/l723kf/robinhood_insider_information/
The fighting over who the insider should report to is hilarious.
Gotta downplay "Project Veritas" at every opportunity.
.. Even though its the first place dozens of people suggest.
I actually think this is designed to introduce a major instability in the market, causing a crash. This is the housing bubble on steroids, and when it pops the boom will be louder than Krakatoa
Grudging upvote. But still pleased it's opening some eyes to censorship and possibility of a rare moment of left/right unity.
Anyone else think this is step 1 to justify a reset? Is it just me?
Step 1 was long ago, but yes any choas now they will try and use, if they can. However, we do not have to consent to unconstitutional demands and edicts. Iceland reset there economic system peacefully, we can too.
https://youtu.be/1URmdqkWkdY
/r/WSB MADE PRIVATE
THEY'RE BACK BABY
very interesting.
hopefully they get a .win
https://wsbets.win
hell yeah! STONKS!
/r/wallstreetbetsnew
if ya havent heard, now ya do.
If they think they can run to a new subreddit, they're wrong. More likely alt subs will be setup by admins as controlled opposition. Users will be banned one by one.
for the shits and giggles, buy 1 stock of whatever these numerical-autists decide for the day.
/r/wallstreetbets_ also
youve said everything i meant to say... and everything else.
There’s now a .win!
WSBETS.WIN
quote me, bitches!
if i hit big, im buying a thousand pizzas for you assholes.
HELL YEAH RETARD
Hey, mods. Their discord just banned them. Likely reddit will next. Have we reached out to them for a wallstreetbets.win?
I posted there about a .win and was banned
hahaha sounds about right
https://wsbets.win
A lot of redditors cheered when Trump supporters got banned. Now, as always, they've moved onto the next target.
also starting to wonder -- is this whole gamestop deal just a massive news slide?
I mean, obviously it's a big happening
but what else is happening right now and being missed?
Good question. People were starting to notice Biden's Presidency was illegitimate.
But on the bright side, maybe the fallout of gamestonk will cause people to dig into how the banking industry fucks us through currency creation.
Well Biden has signed an EO where in it a person can not say China Virus
Which EO is that?
I’m going to call it now. One of the discount brokers will go BK by the end of this as Reddit traders on margin cause a forced liquidation when they get stuck holding shares from auto assigned options contracts (they couldn’t pay for on Margin) and the broker can’t settle trades. You can already see some of the speculation in the bigger players stock prices down 5-10% today.
This actually happened to Schwab back in the 80s. They had a whale in Asia short some stock who couldn’t cover and they had to get someone to buy them. Schwab himself bought the company back, but a market crash happened in the middle of it causing things to be much worse.
I guarantee some of these idiots are 20x leveraged on these trades.
DONT let your buys float around.
assign a sell order. thatll lock the stock.
https://www.optionseducation.org/referencelibrary/faq/options-assignment
im a noob.
care to elaborate?
Yeah. So if you want to make more $$$ on a trade in terms of leverage you trade options vs the stock, which is what a lot of folks do. If you want to bet the stock goes up you can buy calls, pretty simple. Your max risk is what you buy basically (assuming you sell before expiration), but you can get assigned the stock (because you bought an option to acquire it at a future price on a future date). if you don’t indicate you want to sell it with an order you can get forced to go into the market (or they’ll do it for you) and buy how many shares your contract represents (100 usually).
Conversely some folks like to go wheels up and sell puts (aka naked out). Which is short the contract, but makes cash now because you receive the premium or what you paid for the contract. This appears to be what a lot of newbs did on margin. If they are auto executed as the contracts would be in the money they are forced to deliver, which is likely to happen. This will force the stock even higher.
If an investor writes (sells naked) a put option, that investor is obligated to purchase shares of the underlying stock if the put option buyer exercises the option.
Based on my experience with these things I’m guessing what will happen is once these stock shorts are done buying their shares back to cover this run a ton of smart money will be buying puts as the dumb money (novice Reddit traders) sell puts thinking it won’t crash and that they’ve won (essentially being short on margin). The inverse will happen, the stock will crumble before the Feb expiration and the long puts will exercise their contracts forcing the short puts to cover. Basically a giant whipsaw of epic proportions, with a ton of traders owing broker dealers hard cash and not margin or shares as they’re auto assigned the contracts.
On short puts the downside is unlimited, whereas the upside is what you received for selling the contract in the first place.
god damn.
praise be i dont have a gambling problem.
although, i might since im more towards a "novice" trader.
im like 10% autist and ill eat my fucking shoe if i dont buy 1k pizzas if i hit decent.
Lol, trade here is to buy long puts regardless of how much “premium” is on them (price rise from bettors assuming this will come down eventually) and watching it like a hawk all day long until it happens and to sell it immediately in the fastest market since the last flash crash that second it’s habbening. Basically betting it will come down as they always do. Otherwise they eventually loose their value (because time erodes the value of these contracts). It’s like betting the Bucs will lose in the beginning of the forth quarter of the Super Bowl down by 4 TDs, but Brady could come back for the win - you only loose what you bet. If you short Brady and he wins you become homeless and Vinny breaks your fucking legs when he sees you blowing Carl Icahn in a back alley for meth.
I'd bet a couple paychecks that Goldman Sachs is behind the short squeeze.
Chamath Palihapitiya ━ Full CNBC Interview ━ (27th Jan 2021)
This video contains content from NBC Universal, who has blocked it on copyright grounds.
Reddit will be receiving subpoenas. Guaranteed.
I don’t see wsb subreddit lasting much longer. SEC monitoring them, plus they use “hate speech”
Biden team is "monitoring the situation" around GameStop.
Legendary video from July 2020.
I’m really happy for him. He clearly researched the shit out of GameStop and is hopefully a millionaire over this.
Market Cap is up $5B in 24 hour period?
Could retail investment account for that?
bro the market cap increased $22,459,500,000 in 14 days.. That is bananas for a birck and mortar game exchange.
It's amazing. The people caught their hand in the cookie jar...and cut it off.
This is what book burning looks like in a digital age.
I hope the mods have a wallstreetbets.win backup ready
They have a Discord as well.
Discord banned them.
Can someone please post a TLDR summary?
TLDR reddit investors dumped money into a cheap $4 stock that was heavily shorted (hedge funds borrowed against it gambling it would keep going down). The redditors made it go up, causing hedge funds to lose money. Thus created a domino effect where banks forced more shorts to pay up their losses, driving up the price more, which in turn forces more banks to call in debts, and it snowballs with no end in sight. It was almost $400 the last I looked and going up and down constantly as people cash out rich, and banks force more buys. Blaming reddit is a scapegoat. They don't have the money, but their spark made a bunch of banks do this and the system doesn't want to admit their computers are easily exploited by a bunch of autists.
So I haven't studied this at all, just wondering though - people are saying there is no way individual investors have enough purchase power to move the share price this much, pointing to some whale(s) involved behind the scenes. Do you know if this might be correct? (Sounds reasonable to me given the massive wealth disparity in the current economy)
The scapegoaters are saying the people active posting in Wall street bets are billionaires out to manipulate the market. It's a dumb cover story when you actually look at it.
Wall street bets has some users that are investing and holding. This is normal. They noticed and talked about how the stock was floated at a 140% short rate - impossible to recover if the stock goes upbad. So what they did was invest and hold to stop that from happening and watch their investments grow as the guilty parties had to pay more to cover the gloat when demand was literally greater than supply. Basic 100 course economics.
The system doesn't want to admit it's broken and easily manipulated by the super rich who do this all the time. Soros has actually crashed currencies with schemes like this! So it's terribly dangerous got TPTB to allow "little people" to realize they can control the beast too, and the automated systems and naked shorting that caused this squeeze won't be mentioned. The SEC never goes after them.
I've read that some institutional investors started buying the stock. No indication on trade size, though.
This leads me to thinking, if autists can do this using Reddit to coordinate, rich connected people have been doing this for lot longer and a larger scale.
Ding ding ding
This will change Wall Street shorting forever. For one, the shorts will not go public with their thesis. And two, it changed the bank's risk tolerance so they won't short as much.
They really hate it when you steal and expose their grifts.
Martin Shkreli.jpg
Who wants to bet some reddit autist will go to jail for this via SEC.
Exactly, this is the scam that was intended to be exposed, now they're crying "Regulation"! It's hilarious.
Thanks!
https://youtu.be/AwU1vSHydLM
Yes please what is happening
apparently, AMC is all the rage right now.
the next GME.
in 2K shares. lets go!
*** META STONKIES
LESSS GOOOOO!!!!
In for the long ride as well. $BB to the Moon as well. Cheers to everyone else who hops on board.
EVERY $50 GAIN, I WILL PERSONALLY DONATE 10K INTO MY OWN BANK ACCOUNT.
LESSS GO, SONS & DAUGHERS OF THE REVOLUTION!
WE LIKE THE STOCK 310 for me :)
Good luck, just don’t be the sucker left holding it when the price corrects.