https://www.cnbc.com/2021/01/26/gamestop-jumps-as-elon-musk-tweets-out-reddit-board-thats-hyping-stock.html

https://www.reddit.com/r/wallstreetbets/comments/l5nqcu/im_gonna_cum/ (NSFW title)

wild day. after hours was poppin'.

they're saying AMC is up next....

Shit's stupid.

The game will end. The only question is when.

Eventually it's going to go back down to the 10-15 dollar range. And people who jumped on the train at $100 are going to be devastated

CNBC losing their shit on air yesterday crying for the poor investment firms these folks are about to put out of business

and made 11 mill..

smh.

and I bought a fee shares of AMC at $4.. but just a few.

I’m hearing Express is up next

So far in the time I've been looking into this, I have heard...

AMC
BB
Nokia
and now Express

are all "up next"

i know there is a real opportunity to make a big boy play and make money, I'm just not "with it" to do deep research to figure out who will be doing what and what the actual real play will be.

so far I’m losing money so jokes on me lol

I bought a little bit at $4 so I made some money but man..

kicking myself because my boy told me about it when it was $2 and I waited.. then I told myself to buy a shit load of it but I didn’t

then yesterday I read they got a cash infection and avoided bankruptcy. I expected a little bump but damn... this was crazy

Very interesting to see the battle between retail investors and hedge funds and industry investors

I appreciate that some hedge funds who have made a lot of money off of dishonestly manipulating the markets are getting hammered right now, but also, eventually someone is going to get stuck holding the bag.

Big picture - this doesn't seem like a healthy financial system we've got in place.

and I’m not mad.

just mad I didnt buy more.

will probably get bailed out...

I listened to an interview with a dude who broke down this whole thing and had CNBC hot.

basically said reddit users arent hiding in the Hamptons whispering at private dinners about manipulating stocks. Its out in the open.

Also said some of these reddit users were kids who watched their parents lose it all and then watched Wall St get bailed out.. yet making the market work in their favor is seen as illegal? Its bullshit

The wrong people are losing money.. its not fair.

they made bets, which cynically were probably made to manipulate the market in their favor. They went all in, reddit users/retail investors went all in and called their bluff, and swung the market back in their favor. Really their only actual complaint is that the game isn't 1000% rigged in their favor anymore. They shouldn't get a bail out, it's time to have them kicked out of their high roller suite at the casino.

I don't think that's the case though.

and did it in plain site. The dice are totally loaded, man. I mean, not new information, but even the worst losers in the investment class aren't allowed to lose.

Added benefit - politicians get to pretend like they're shocked an angered by this. they will bloviate and bluster and then determine they can't do anything on a bipartisan level. Or maybe worse even, they might put additional restrictions on retail investors 'for their safety.

but all the financial powers and government will just come together and make it very difficult for average people to duplicate this

this morning, the ruling class literally just halted trading so they could all figure out their positions

It certainly helped me, as I'm pretty clueless to all this shit.

https://www.vice.com/en/article/pkdvgy/send-this-to-anyone-who-wants-to-know-wtf-is-up-with-gamestop-stock

While I don't like Elon Musk and am extremely wary of online day-trader cowboys, I enjoy watching these hedge-funds continuously shitting their pants over this. As the article says, they lorded being "the smartest people in the room" for years, and are waaaay overdue to eat shit.

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

<
<and shorting should be illegal
<

Short selling allows prices to more accurately reflect people's opinions on the company. If shorting were illegal, only people optimistic about a company (buyers) would be able to participate in the stock. So the stock would be overvalued.

Short selling allows pessimists to participate too, which should bring prices closer towards their "correct" values (i.e. reflecting all information and opinions).

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

I still feel like a moron reading it but i get the basics of what's happening.

I still feel like a moron reading it but i get the basics of what's happening.

because they are saying there are over 200,000 options that are expiring on 1/29. they are telling everyone who has shares to hold at least until then.

so imma see what happens.

Hey if i make $100 or something like that, it'll be fun.

everybody should just buy a lil bit and see what happens

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

I am teaching my kid how to trade. Working is a joke. Too many gatekeepers. I bought $100 buck of everything. The key is knowing when to sell.

He bought airline stock last year and sold it right before they tanked and was able to have enough money for the downpayment on his photography studio

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

He bought airline stock last year and sold it right before they tanked and was able to have enough money for the downpayment on his photography studio

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

that's been some of the advice from wall street bets once robinhood jerked them

they trying to get doge up to $1...so fuck it, i'm in.

and fuck robinhood app. as soon as im done riding this doge wave, i'm deleting the app

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

https://twitter.com/avalonpenrose/status/1354496683938201600?s=21

https://twitter.com/omenrollt/status/1354541418937769985/photo/1

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

Wish I could get in and make enough to pay off all my credit card debt and my house. Screw this system. It is so unjust to keep so many people struggling despite going to college, raising children, cleaning toilets, making food for the affluent.

Making money should not be this hard and demoralizing. Everyone should have a basic quality of life.

Legit smiled while reading about this. Thinking about downloading an app and investing $100 just to contribute to fucking the system (or is that too little $$$).

Lots of panic selling right now. It was up to $500 after hours this morning and now almost back down to $300.

gotta love it

www.engadgethd.com - the other stuff i'm looking at

If you had 3,000 shares by the time it closed yesterday, you're a millionaire, give or take, taxes and fees notwithstanding. And if you had more?

If you had 1,000 shares, you had enough to pay for a home in cash (depending on where you live, etc) by COB.

How much that represents as profit depends on what you invested, but if you're someone who had that shit back when this shit was $4, that was a great time to get that bag...

... and, probably, put a little back in after the drop.

While people who were trying to short probably got fucked, I'm betting plenty of people just got the bag while it was hot. I'm betting plenty of people just pocketed that extra 1, 5, 10K while it as there.

I know that was my plan: get in, make a few bucks, jump out.

i want to see who will be left holding the bags LOL

synthetic trading would be great for this

$snx

never trusted them anyway. go M1 or Vanguard.

btw don not sell, if you have gME/AMC. you sell you lose.

dogecoin ftw

https://www.newsweek.com/robinhood-stops-gamestop-amc-stock-trading-1565122


The game is rigged, and Robinhood appears to be playing for the other team.

rumor has it Citron has a vested interest in Robinhood.

shit is beyond rigged.

cant have these billionaires losing their hard earned money.

They said nah we not taking the L

So Citadel is a large market maker with 40% of the us market. They pay Robinhood large fees for information on trades and handle some or all of Robinhoods trading volume.

Meanwhile, Citadel is also an investor in Melvin Capital, a hedge fund who was gettin burned by the GME rise due to their short position. Can we say conflict of interest?

So what does Citadel's partner Robinhood do when trading activity on its "democratized" platform is threatening Citadel's bottom-line? Make the relevant securities "sell-only" to tank the price.

This shit STINKS.

Good breakdown here:
https://popular.info/p/the-merry-adventures-of-robinhood

I damn sure aint that deep in the game.. lol

Citadel Securities (which buys Robinhood's "order flow") and Citadel Hedge Fund (which bailed out Melvin Capital, and is on the hook for Melvin's potential short losses on GME) are technically two different companies that were both founded by the same person, Ken Griffin. Could they be acting in concert here? Perhaps. According to wikpedia Griffin still owns 85% of both.

More info is needed. Hopefully the rising bipartisan latinx powerhouese of Cortez-Cruz will get to the bottom of it, if AOC can just get past that little matter of Cruz attempting to get her killed a few weeks ago.

.

robinhood charges $75 to transfer. i dont have much in there but looks like i would end up losing the gains i have made and then some with that fee.

do some of these alternatives offset that fee some if you choose to transfer to them?

cant transfer crypto. whats the best way to go about dealing with that?

these fees range from $50-$100. Also if you have foreign investments, you may be charged a holding fee that isn't imposed until you move your account. Your new broker dealer may cover these charges as an incentive, but few do that unless you're moving big money over.

They're just fucking their users over. This doesn't surprise me at all.

Left for Merrill Edge. Shitty UI, but it's linked to my bank (BoA).

It's like the difference between watching a game and having money on the game.

Good. This shit is crookeder than a barrel of snakes.

https://twitter.com/AOC/status/1354830697459032066?s=20

what type of odds there are of legislation being written as result of this. I have to assume the majority of House and Senate are in the pocket of the monied interests, so I dunno how much change will truly occur. Wonder if Biden will offer his thoughts on the matter since he's been signing Executive Decisions on a daily basis it seems.

Pretty wild that humble little GameStop is the center of all this. there's a GameStop literally five minutes away from me that's shutting down and selling off inventory. That's kind of why I viewed this as odd.

Kudos to the folks that profited off this, but it just feels odd to make money off of inflated and manipulated stocks, especially when the business the stock is based off of is literally failing.

Bear with me, but I have wanted to share this since it happened.

I recently visited a Gamestop in Harlem that was absolutely bumping with business, and where the stereo system was also malfunctioning resulting in a really loud constant buzzing sound. A week or so later I came back again (this was Xmas time) and the sound was still going. I spoke to the employees to express my condolences and ask if I could take a look to try to resolve the issue (I have a background in this area).

They were super grateful and welcoming of my effort (saying of course it bothered them even though they'd adjusted to it), but in the small cramped New York store, the stereo equipment is hidden somewhere in the ceiling and they couldn't locate it (they had tried). I finally suggested they just pull the speaker wires out of the speakers and tape them off. They thanked me but were probably less than enthusiastic to possibly get in trouble or break something. I also called Gamestop corporate and complained.

I haven't been back since to see if they resolved the issue, but I doubt it. If it were not for COVID, I'd go in there and rip the ceiling apart myself to get to the bottom of it.

Forgive the tangent, but it just felt like another dystopian hallmark of our inhumane current condition of unfettered capitalism and poor oversight. This stock situation reminded me of it.

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

It broke my heart for those kids who work there. They were rally cool too. Made it even worse.

I just remembered that when I called corporate I pressed the button for Human Resources. I hope it came across that I might be recording the call, I tried to put that over subliminally with my enunciation lol.

humble little Gamestop ?

https://www.marketwatch.com/story/biden-administration-monitoring-the-situation-with-gamestops-stock-white-house-says-2021-01-27

White House press secretary Jen Psaki on Wednesday said Treasury Secretary Janet Yellen and others in the Biden administration are keeping an eye on the huge moves being made by GameStop GME, -14.26% and some other stocks. "Our economic team, including Secretary Yellen and others, are monitoring the situation.

that even before COVID-19 hit and forced a grip of GameStop stores to shut down last spring and summer, the store was suffering nationwide. Folks purchased physical or digital copies of their games online rather than go into the brick and mortal GameStop locations. Stores shutting down as result of COVID only made matters worse.

Factoring that all in, it's wild to see a struggling store like GameStop become the center of all this.

Then again, perhaps it being a struggling store is part of the point since I would imagine one aspect of this stock market trickery is picking a stock that is low to begin with to maximize the manipulated profits.

https://www.gannett-cdn.com/presto/2020/01/27/PDEM/1d9f35a6-8179-466e-b679-dafb7c899ba8-0126-JVN_Warren-004.jpg?width=660&height=371&fit=crop&format=pjpg&auto=webp

That's wild.

Citadel securities has financial interests in Robinhood. Robinhood was told to snatch GME, AMC, BB etc. from trading on the platform - then it comes out that Citadel was shorting GME and even shored up further short positions before telling Robinhood to halt GME trading. J.F.C.

and someone on the wsb reddit said these firms are trading these stocks back and forth at lower prices to trick the algorithms in what they call a short ladder.

Not sure if its legit but man... these fuckers are grimy as hell.

Robinhood talking about they are protecting customers while restricting them from selling or buying Gamestop. wtf??

they know robinhood is getting cancelled and they don't want to be next

this is so fucking awesome...best movie of 2021

The Big Short 2: This Time Its Personal

d

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

>
>The Big Short 2: This Time Its Personal
>

Right...this is awesome and a nice twist.

If nothing else comes out of this, I hope more people understand "the economy" doesn't = the stock market.


Folks fist pumping their 401k while their wages haven't gone up, their neighbors are unemployed, their other neighbor is about to file for bankruptcy due to medical bills, etc never ever sat right with me.

And now its getting even more obvious how they just manipulate that shit for their own gain. My 401k went up 30 grand or whatever, they made fucking millions...and its all cuz they cracked the algorithms and are working together? Shiiit.

This is getting so crazy.

Freezing a stock to sell or buy is one thing (though highly questionable depending on one's interests e.g. Citidel)...but putting something into "sell-only", a move virtuallyl guaranteed to bring its price down is transparent market manipulation.

American was only up 33% too. It's not like stocks don't go up that much daily on Robinhood.

This is an emperor's new wardrobe moment for our "free" market system.

so, thinking it through - this ain't good. I'm not able to grasp what I'm seeing if I think beyond the GME X Robinhood saga, but, something bigger is afoot and it's going to maybe have a cascading effect. we'll soon find out.

maybe it's...witnessing the faith in our system starting to crumble which could (and I'm maybe leaping here) get to banking and money since those things are powered by our faith in them.

more to think about.

a result of Trump whiplash. We need something to obsess about now that he's gone so we have stock mania.

And we’ve all been stuck at home for a year and ain’t got shit to do.

for repercussions or image or really anything.

All of this shit is just proving the point behind the whole reddit thing.

They could have just let it ride, take some losses in the short term, and just let people get bored with it.

Once that Game Stop bubble popped folks would have run scared anyway.


In other words, they could have easily just let it play out and *kind of* kept up the charade. Or at least not drawn more attention to it.

But these blatant actions are just proving the entire point- the system is rigged and the Market is not for us little people.

They got AOC, Ted Cruz, and Cheetoh junior all on the same page.


Will anything *actually* happen? No.

>

looks like it's similiar to synthetix, which operates on L2 optimistic ethereum (less fees). synthetix is on coinbase and gemini.

"But rest assured, in my luxurious house built on the backs of people darker than me, I am sipping fine scotch and scoffing at how stupid you are." - bshelly

With corporate lobbying, I have no faith anything will be done of substance to resolve this manipulation from occurring again, but with the attention this has garnered, I have to think Congress will have do at least pay some lip service to this.

I've read on more than one instance that gold ole' Chuck Schumer has his pockets flush with support from Wall Street, so I have to imagine he won't want to rock the boat too hard.

I wonder if Biden is tied deeply to Wall Street as well.

https://i.redd.it/xhgndxsfc4e61.jpg

there's also this tweet, saying that Citadel (noted above) loaded up on shorts before telling RH to shut it down.

https://twitter.com/justinkan/status/1354853920762253315?s=20

who was around when the call was made...oh, hes not a finance guy? he studied comp sciences?

YO GET THAT FOOL JASON, HE RIGHT THERE WEARING THE CHE SHIRT.

VPN and all

lol why all the random identifying info?

What do you know about Delaware?
>I wonder if Biden is tied deeply to Wall Street as well.

>What do you know about Delaware?
>>I wonder if Biden is tied deeply to Wall Street as well.
>


I vaguely remember hearing that Delaware has ties into the credit/lending industries, but not enough to speak on the subject with authority.

which is why so many companies have their HQ’s in Delaware.

I was going along with the ride but thats beyond the pale.

People are borrowing to buy the stock. To protect themselves, the brokerage requires you to put money into an account (margin account). That way if the stock falls in value, they can be sure they'll recoup at least some of the loan.

If the stock declines, then the broker will call the investor and be like "hey, you need to put some more money in that margin account immediately". If you don't, then they'll sell the stock you bought with borrowed money and recoup.

That's probably what happened with these since Gamestop fell so much today.

A lot of shady stuff happening today. But this appears to be legit (if it is indeed a margin call). I can't imagine any other scenario where it would be allowed.

The automatic selling was likely due to a legit process.

How it got to the point to where an automatic sales was necessary is another question.

>People are borrowing to buy the stock. To protect themselves,
>the brokerage requires you to put money into an account
>(margin account). That way if the stock falls in value, they
>can be sure they'll recoup at least some of the loan.
>
>If the stock declines, then the broker will call the investor
>and be like "hey, you need to put some more money in that
>margin account immediately". If you don't, then they'll sell
>the stock you bought with borrowed money and recoup.
>
>That's probably what happened with these since Gamestop fell
>so much today.
>
>A lot of shady stuff happening today. But this appears to be
>legit (if it is indeed a margin call). I can't imagine any
>other scenario where it would be allowed.

https://robinhood.com/us/en/support/articles/expiration-exercise-and-assignment/



www.engadgethd.com - the other stuff i'm looking at

while defending shorting stocks

https://twitter.com/gordonjohnson19/status/1354546604582305797?s=21

and how much of it is alot of newbies learning about how Wall street operates the hard way.

>and how much of it is alot of newbies learning about how Wall
>street operates the hard way.

For "Speaking Fees" over the last few years (part of the 7.2 million total she's made for "speaking fees" from wall street):
https://www.politico.com/news/2021/01/01/yellen-made-millions-in-wall-street-speeches-453223

Today Biden spokesperson Psaki did not answer whether there was consideration of Yellen recusing herself due to this, with Psaki pointedly retorting that "Yellen is a world-renowned economics expert, OF COURSE hedge funds pay her to speak.

maybe they didn't have enough cash on hand to cover this kind of activity and it's not actually because they love x hedge fund so much

https://www.bloomberg.com/news/articles/2021-01-28/robinhood-app-is-said-to-draw-on-credit-lines-from-banks-amid-trading-frenzy?sref=10lNAhZ9

www.engadgethd.com - the other stuff i'm looking at

https://twitter.com/zGuz/status/1354854476801302528

www.engadgethd.com - the other stuff i'm looking at

Ben & Jerry temporarily discontinued a few flavors because the ingredients got too expensive and they were losing money. Congress needs to hold hearings!

It's possible the explanation is as innocent as it sounds, but imo there are still questions for Congress and the public to consider.

1.) Why did some brokerages still offer the volatile securities? Were they doing so at a loss? Or was this about risks relating to Robinhood's lack of capital to cover certain theoretical costs given the volatile conditions, risks other better capitalized firms don't have? In that case, perhaps different capital requirements are needed to ensure consistent behavior of these firms...seems like kinda a big deal if investors get drastically different access to their securities, no?

2.) And notwithstanding RH Ceo's claims that "no outside agent forced our hand here" (paraphrased), I look forward to these guys being grilled at length about whether their contracts with order flow buyers changed in any way during this, or if any negotiations occurred whatsoever about this. There are possible conflicts of interest here that could have survived the CEO's statements thus far.

We will get two days of outrage out of this, at least. Let's not end it early...not when we're all in the throes of outrage withdraw since Mango's departure!

but anyone who knows how these systems work, and the relative sizes these retail brokers operate at, could see what was about to happen.

as far as the outrage, I think people should look carefully at who they're being outraged next to.

ted cruz, ben shapiro and dave portnoy and elon musk aren't your revolutionaries, so why are they so eagerly joining in?

www.engadgethd.com - the other stuff i'm looking at

the only rules that matter are the ones the billionaires invent for themselves

but it's also true that these companies need to have enough cash to cover all of these trades that are suddenly spiking.

it's not like some secret unknown thing, it's just not known to people who never paid attention to the stock market before three days ago

www.engadgethd.com - the other stuff i'm looking at

They sell things to buyers. Sometimes commercial entities aren't able, or interested, in selling a product even if someone wants to buy it. You can go to another brokerage if you want. If you can't find anyone to sell you what you want to buy, you're SOL. Nobody's gonna sell me a gpu right now, or a ps5. Poor me.

That's not to say there isn't any possibility of wrongdoing here. The SEC exists to investigate and prosecute such things. The SEC knows enough about these regulations that they don't need twitter threads to 'explain' the conspiracies.

The SEC is investigating Robinhood and all the other free brokerages that cut off new positions in these stocks. Good. Maybe there was intentional market manipulation there.

I hope the SEC is ALSO investigating these creeps on reddit, and everyone who jumped on to the scheme to inflate the price of GameStop, because that was blatant, openly admitted market manipulation.

To anyone whose only complaint is "Big Tech {aka my FREE online brokerage service} isn't letting me hop onto a manufactured asset bubble, where I might double my money but I'm more likely to lose it, but that's okay because along the way I'd get the thrill of busting some people's pension funds." Then fuck them.

>That's not to say there isn't any possibility of wrongdoing
>here. The SEC exists to investigate and prosecute such things.
>The SEC knows enough about these regulations that they don't
>need twitter threads to 'explain' the conspiracies.
>
>The SEC is investigating Robinhood and all the other free
>brokerages that cut off new positions in these stocks. Good.
>Maybe there was intentional market manipulation there.
>
>I hope the SEC is ALSO investigating these creeps on reddit,
>and everyone who jumped on to the scheme to inflate the price
>of GameStop, because that was blatant, openly admitted market
>manipulation.

to someone failing to confirm your fashionable prejudices.

yeah buddy, the fucking S-E-C is going to "investigate" any "shadiness" and bring us reputable answers

market manipulation will be punished!

are you being purposely obtuse, because I cannot believe you believe that

n/m

that allowing more buys would've lost robinhood's customers their money

I don't know what y'all tell yourselves happened.

big wall street can call up robinhood and tell them to cut off the short squeeze, but they wait three days to do it while they're allegedly bleeding money the whole time because.....


and when you consider that robinhood's actual business is selling data to hedge funds so that they know what's happening before it happens....huh

www.engadgethd.com - the other stuff i'm looking at

because a conference for the lactose intolerant let out next door, everyone got ice cream and now they've shit the toilets out of commission.

yeah, ideally they'd still be selling ice cream, but these mfs won't stop buying it and they need working toilets first.

www.engadgethd.com - the other stuff i'm looking at

I'd give Vlad a C+/B- on his round of interviews yesterday. He stuck to his message, re-directed some hard questions pretty well but ultimately looked a little shook.

RH's had a bunch of controversies so I'm sure he was given a very tight and deliberate script to repeat.

But Webull's CEO inspires WAAY more confidence bc he just cut to the chase and EXPLAINED what was going on from the beginning.

but I think they're just institutionally bad at communicating and it starts at the top

www.engadgethd.com - the other stuff i'm looking at

has gone from .03 to .07 in like 4 hours....

Is their HQ in LA

"Get ready....for your blessing....."
"Bury me by my Grand-Grand and when you can come follow me"

I got halfway through the Binance registration and hard paused when they required my SSN to complete registration/verification.

for verification.

Was just uneasy providing it to an entity I hadn’t had time to research and vet properly.

Even if it tops off at like .5 that shit would be crazy.

went on a doge tweet storm a few hrs ago-

doge went erect agn.

https://finance.yahoo.com/news/elon-musk-back-twitter-turns-095608926.html

if he was hacked it would have been dealt w/ by now, right?





....right?

the founders of Melvin Capital and D1 Capital are both minority owners of the Charlotte Hornets. On the other side you have Mark Cuban and his head of Quantitive Research for the Mavericks, Voulgaris saying aaaaaa haaaaa (c)Kendrick. You can only wonder how much of Jorn's money is exposed, in this.

Explaining the nuts and bolts of the capital issues likely underlying Robinhoods moves. Gets somewhat technical but still very informative, and the last tweet is a bit of a twist ending.

https://twitter.com/KralcTrebor/status/1354952686165225478?s=20

Good info:

https://www.bloomberg.com/opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop

They inflated value of sndl at market close to 2 billion volume without a following price hike then refused to sell the stock the next day.

Their refusal to sell doge drove down that price as well.

My unrealized gain 100K+ is small considering sndl could sell for $400 by now...

The meme-ification of it. The cult like behavior (people risking everything, promising to hold no matter what). The takeover of reddit (it seems like everything on the homepage is wall street bets related).

I wouldn't be surprised to learn that there is some Cambridge Analytica type social engineering going on.

Gonna be epic.

runs happen

they're like hit songs, people claim they can predict or cause them but it doesn't really work that way.

and one particular fund being so way out on a ledge shorting the stock was n unusual circumstance to begin with that came because of the combination of econimic/covid stuff that no one could've predicted, including that gamestop would do better than expected for its quarterly results


www.engadgethd.com - the other stuff i'm looking at

This is a pump and dump AND a meta-Ponzi scheme.

Let's say it was average 330 for the past week - that's nearly 6x the all time high price for it in 2007 - which is when it was really the only place to buy games in many areas.

Runs happen - but pumps and dumps also happen.

This just has a Ponzi scheme underneath it - in which people are encouraging new folks to come in and artificially inflate the price. They say it's to "Stick it to the man!" but I think you'll find that it was really to pump the stock price so people can make a lot of money.

The people who came in the last week have either gotten part of the windfall - or will ultimately lose EVERYTHING.

This is a scam - no way around it.

Now - I also believe the stock market is a scam in most cases too.

maybe it is just a coordinated scheme, but I haven't seen actual evidence of that

www.engadgethd.com - the other stuff i'm looking at

pump-and-dump
adjective

denoting the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then selling one's own shares while the price is high.

---------
This is PROVEABLY what they are doing;
>encouraging investors to buy shares in a company in order to inflate the price artificially

This is LIKELY, very likely:
>and then selling one's own shares while the price is high.

www.engadgethd.com - the other stuff i'm looking at

It's definitely artificial. "I did it for the LOLs" isn't a rational reason for an investment.

I suspect it will turn out to be fraudulent.

There's no reason for GameStop to be worth 5x-10x of what it's EVER been worth now. Could it have bene undervalued before? YES. Was it 600% undervalued? No.

Best case scenario: People are throwing away money to 'stick it to the man.'

What we do know; The dude who started this (DeepFuckingValue) *cashed out at least 14 million dollars* while telling everyone else to Hold Tight, and take it to alpha-centauri!!

Is he a criminal mastermind? No - but that doesn't mean this isn't fraud.

if you want to pick stocks based on liking the letter in their ticker, it's not only legal, but it's about as rational as most other strategies.

"I did it for the LOLs" isn't a rational reason for an investment."

you not liking it doesn't make it irrational, and more to the point, doesn't prove it's illegal.

you think it's clearly fraud, I don't. we're dealing with the same information

www.engadgethd.com - the other stuff i'm looking at

But I'm right.

Take a seat :)

nothing he said in the thread was attacking you, and if you have previous beef with him, why engage him? To end on some "i'm right, take a seat" is not only disrespectful, but completely unnecessary, especially if you are right.

I bought some AMC unknowingly because a friend who is also a newbie at investing said it was low and had no where to go but up. I know that isn’t true but with the vaccines one would think we would start opening up a but this summer.

anyway.. the GME stuff on wsb did make me think it could be russian bots jumping into the party to fuck up the market. I know a lot of these people are retail investors shitting on these hedge funds but all these billboards?

ionno.. could def see the market popping due to these hedge funds overextending themselves and having to sell a ton of stocks to help cover their losses.

https://youtu.be/GZTr1-Gp74U


he was the start of it all. he did his DD, saw the value, made a big fucking YOLO play, managed to go 40k in the red but held on until his position is something like 13m or 22m, I forget.

if its a pump and dump that would be one years in the making.

He alone doesn't (didn't) have the power to move the market.

The explosion in price started about a week ago, not 2 years ago. Something triggered this. I just find it hard to believe it was 100% organic.

Even if the start was organic, I at least think the perpetuation is due to manipulation (i.e. pump and dump)

That guy would still be in the red if this random reddit manipulation that has no basis in reality didn't happen. GME hasn't skyrocketed because it's a good business. That guy just got lucky as hell.

is doing a lot better in 2020/the pandemic than some experts had predicted

there is a reason why it went up instead of down, just not why it went so much up

www.engadgethd.com - the other stuff i'm looking at

https://www.washingtonpost.com/business/2021/02/01/gamestop-origins/

“This tale of small investors vs. large institutions also is not as straightforward as it seems. Along with the retail hordes on Reddit, wealthy investors played an important role in GameStop’s rise. The company’s largest shareholders, according to the most recent securities filings, are Fidelity Investments and BlackRock, two of Wall Street’s most powerful players.
AD

Some of the average investors on the popular message boards have financial industry experience, including at firms like Goldman Sachs. And many analysts say that some of those posting on the site are probably institutional investors posing as individuals.
“This is not entirely a David v. Goliath story. There are some sophisticated resources on both sides of these trades,” said Tyler Gellasch, executive director of the nonprofit Healthy Markets Association and a former Securities and Exchange Commission counsel.”

they wanted to ride to the moon and ended up in death valley.

I bought AMC at $4 but I didn’t buy much and it wasn’t because of wsb. Just a tip from a friend (who may have known) but now I’m losing a few counts because I doubled down
and bought some more AMC during a dip.. but its still dipping, lol.

I’m done after this tho.. fuck that day trading shit. I have a real gig.. lol

I did cash out my profits from Tesla. Made a few stacks but it isn’t profit until you sell it. So I did..

how high did amc go? i think i saw it around $13 this morning now its $8. i think it makes sense that it will go up once things open up. thing is we dont know when that will be.

ive been on the sideline. thinking of switching to fidelity. wont transfer whats in robinhood but not adding more to it.

im pretty much sticking to long term. buy a few here and there and check in after some months. if i see something i have that im shaky on jump high i would probably sell at that point.

not long after i made this post.

once they started the shenanigans at robinhood, freezing/restricting shit, i got scared af and sold.

i regretted it for a few days, but had found peace w/ it.

i will be completely honest and say i put abt a g of that profit on doge.

ultimately, this wk was a wave of emotions. i had been on this stock shit for a while now. partly from being a okp, but i got serious once the pandemic hit and everything fell. i didn't have a clue what i was doing, and i still pretty much rely on reddit. i still get reluctant, but have learned to be much much better abt double checking sources/my own dds.

it has worked out so far, as i am up 40% all-time atm.

do i regret not buying into the gme/failing companies hype earlier? fuck yeah. i watched those fuckers talk up 'YOLO' from atleast october. i would have easily made a couple hundred thousand, if not a million (before taxes). but i'm learning. and this was all a big lesson.

nobody knows how all this will end, or if it will atall (folks are convinced that wsb has changed the game going forward), but i'm happy to say that i was one of the ones who benefitted this time. still not sure how i'm supposed to feel abt it, but i'd be lying if i said i wouldn't do it agn.

sold at $840 and walked away with $1500.

I don’t really know wtf I’m doing tho..

I bought $1500 worth of index funds with my profits.

https://www.businessinsider.com/barstool-sports-dave-portnoy-lost-money-gamestop-rally-2021-2

their investments.



www.engadgethd.com - the other stuff i'm looking at

the fuck?

sell you idiots!! SELL!!!! - Randolph voice

www.engadgethd.com - the other stuff i'm looking at

maybe later after the market has a huge crash, and that will happen soon

this wasnt some white hat group of traders sticking up for the little guy.

all you had to do was look at the cast of characters pushing it (mma, barstool, brogressives, etc).

this was the same class of white finance/tech bros treating currency and commodity/security markets like a sportsbook and getting off on disrupting the status quo (while enriching themselves).

the guys at the top of the pyramid bought in early, got rubes to join in and pump the price up (i seen model/stripper chicks in my ig stories calling people dumb for not buying these stocks...and posting screenshots of their transactions), then the top dogs dump em while the rubes are holding the bag during the crash/correction.

theyre no different than these hedge funds. just on the other side of the card table.

the amount of gymnastics you'd have to do to believe that this movement is taking down Big Hedge but for some reason shithead Ted Cruz loves it....THINK MOTHERFUCKER


www.engadgethd.com - the other stuff i'm looking at

like *she* doesnt know anything about wall street.

The guy behind the idea is clearly a professional investor... I don't believe in the sense that he's secretly supported by some hedge fund but he's said he had financial company experience and his investment thesis is more sophisticated than the average retail investor.

He's clearly about making money so I wonder when the populism angle started and this became a "movement" lol.

I also wonder if fear of backlash from the movement is why he didn't sell out at the very top. He's already set for life on the early profits he took but he would've completed a GOAT trade if he sold last Tuesday.

https://www.wsj.com/articles/this-hedge-fund-made-700-million-on-gamestop-11612390687

"GameStop is now Senvest’s most profitable investment by dollars earned and by its internal rate of return—a performance metric that takes into account the length of an investment. It has propelled the firm’s flagship stock-picking fund from running $1.6 billion at the end of 2020 to $2.4 billion. For the month of January, the fund returned 38.4% after fees."

www.engadgethd.com - the other stuff i'm looking at

if you jumped on a dip with millions to invest you made big money

but arent there still hedge funds who shorted and are still losing billions or did they find a way to cover that?

its still not worth $90 or whatever it is right now.

ALL THE REST profited

this was not a bad week for hedge funds like they told y'all it was.



www.engadgethd.com - the other stuff i'm looking at

The "sticking it to the hedge funds" storyline.

Like one or two hedge funds made relatively minor plays on Gamestop that probably didn't work out.
The rest of the hedge funds saw all the activity and swarmed in like sharks seeing chum in the water.

They stuck it to "A" hedge fund. And got ate by the others

but people would rather believe a narrative that has no basis in fact, and puts them on the side of shitheads like josh hawley

www.engadgethd.com - the other stuff i'm looking at

$GME jumps 100%, gets the longest halt i've ever seen right up to market close, and now reddit is dead.

Nothing rational about it - it's a game of twitch buying and selling.

Smart established investors going to make way more money then stupid reddit folks who buy the hype.

i have no dog in this fight. i also do not dog fight.

stocks are fun.

Almost doubled since this morning. Trading at about $62 dollars right now. It was $12 about ten days ago.

The NYSE just halted trading on the stock for a bit because it ran up too quickly lol.

but it was right when all this started and I wanted to make something before the dump.

anyway..

this was actually a good buy back during the shutdown. The theory was eventually it would pop out once things opened up.

No idea what the true value is for AMC.

I’d gotten in at 10 per share a few months ago - nice $600 profit today. I would have just sold half and kept the rest but when I looked at the 2 year history there’s no way it’s sustainable. For the last 2 years pre-pandemic AMC has rarely been above 20. I bought in thinking it would recover when theaters fully opened, but that 70 today was WAY too good to not take it.

Not even in the squeeze yet. This is life changing money.

Do you plan on riding all of it "to the moon"? Or did you get out after the big run up?

I woulda been out at $60 but this is why he has mills and I have bills

trying to catch a big position when the squeeze happens + holding about 600+ shares now for once it moons.

If I hit my price by next Friday I'm looking at 8-9 figures. Prayers up!

but then have amassed different call options that crept into the money. If I can catch lighting in a bottle I will have about 300+ options deep in the money during the squeeze, plus about 700 shares once it is wall said and done.

I don’t understand this. It reminds me a little bit of the Storm and those Capitol folks lol. (No offense).

To my understanding, a squeeze happens whenever a heavily shorted stock goes way up...some (most?) shorts cover due to the losses they are incurring, and this buying activity drives the price up more.

With amc and gme, this has already happened no? Some shorts have covered, and now there are new shorts (who will cover again if the price moons again, but as this takes larger and larger amounts of capital on the long side the higher the share price gets, there’s a limit to how high the price can go, irrespective of shorting activity.)

Therefore, I would think the likelihood of a squeeze becomes less the higher the price goes, since it becomes less likely for the stock price to multiply again.

Also, I would think short interest would go down due to the fact that shorting these stocks is like playing chicken with the internet.

The float of AMC may have been synthetically shorted 7-25X the public float. Back in March AMC Retail investors owned 80% of the float, BEFORE it took off. And short sellers still hadn't covered at that point. Now? We may own the float 2x over, and anyone made to buy back their short sells to cover will be buying the shares from US. Since we hold and set the price it will drive the price up. That is the whole point of the $100k/$500K floors. If the demand surges and we hold the supply then we can dictate that parabolic ripping. In the meantime the company has only gotten better fundamentally so they are bleeding billions weekly trying to hold their positions. Personally I would love to see $5000 a share before I even make a move on my OPTIONS, but for my actual shares? 5 figures minimum.

I say, as a risk averse guy who begged my crypto heavy (and now very rich because he didn’t listen to me) friend to sell his btc when it got to 1k in 2013, I hope you take some profits along the way. 🤪🤪

Turned $9K into 6 figures so far. Looking for 9 now. Then will plant my money in crypto. Squeeze should be squoze a bit by next week lol

I'm holding til it reaches minimum 60K per share. At that point I'M RICH BIIIIIHHH. At a share price of $100,000 I'm wealthy. Hedge fund managers will find a way to screw us over.

Still up six figures on doge with the dip but not enough to buy a great condo and say screw this career stuff.

I hope it’s a typo.

NOT FINANCIAL ADVICE AND ONLY POSTED FOR EDUCATIONAL PURPOSES:

https://www.reddit.com/r/amcstock/comments/n97pob/detailed_explanation_why_the_500k_floor_is/

I work with a guy who believes in all this stuff (not saying you do).

It reminds me of q anon, in terms of the way people cling instantly onto these counterintuitive, disputed (to say the least) ideas like “hedge funds are creating fake shares to short more shares”.

The guy I work with can talk endlessly about these theories, but doesn’t know what the P/E ratio is of a stock.

I really hope he takes some profit on his gme between now and $100k

Holding on for as long as it takes. Meanwhile am rolling options and selling to close. If I capture that in the squeeze I can be rich from just the options and hold until AMC REALLY pops.

Point is I'm hodl until 20K per share minimum

I own 407 shares

I will let 100 shares sit in there for the long haul

But I dunno

We'll see how it plays out

Nobody really knows 100% how this will play out

I think a lot of folk think this will be some 2-3 day trip to 50k

I can honestly see this shyt dragging out another 6 months

That's how I'm mentally preparing myself anyway

I'm highkey sick of it honestly lol

I don't even check the price throughout the day anymore

got my alert set to $70 and I'll watch a few YouTube after work to see what's went on throughout the day

I'm even getting tired of that lol

Sick of the overall whiteness of the movement

The swagless corny acronyms and terms

The memes

Even tho this one had me rolling

Reddit - Superstonk - flashbacks https://www.reddit.com/r/Superstonk/comments/neche0/flashbacks/

But yea man I'm just mentally done with this shyt

Still holding tho

____________

DALLAS LAKERICKS LETS GO!!

and some other guaranteed winners, and treating it like an old school bank savings account where I earn some interest.

I’m not built for this meme stock craze.

All created this year.

https://twitter.com/diamondtitties_

https://twitter.com/AMCArmyApe

https://twitter.com/apes_amc


Anybody seen anything similar on the short side? I haven't found any short shill accounts. If you see any point em out.

https://twitter.com/TrustTheProcesx/status/1402222557240168448?s=20