Anonymous wrote:This has been discussed on the Money forum for days. But what I don't understand is how they can stop the trading. Is that legal?
Trading hasn't stopped.
Robinhood and other platforms aren't doing it.
Watch what happens as the late coming reddit, crowdsourced, populist short squeezers lose their shirts.
Yeah. Hedge funds lost a bunch of replaceable billions. The squeezers will lose the money that they can't replace.
What you don't get is that a ton of people don't care about the money. This is guerrilla class warfare. Redditors want to stick it to the elites who got bailouts in 2008 and who have now gotten more wealthy during the pandemic while the middle class constant continues to get trampled on. No one bailed out the middle class in 2008. This is payback.
The money irrelevant.
Having studied various pump and dump schemes around the year 2000, I would not assume for a minute that the money is irrelevant to the people sucked into this. I would put good money that the first people in are running a scam and killing a hedge fund is just a way to attract more rubes.
Are you sure you don't work for a hedge fund. Because you sound a lot like them- making stupid bets without thinking twice,
Go and do your homework before spewing your ignorance - the first people in have been in since 2019/2020.
They bought GME stocks for $4- because they believed the company was worth more than $4 dollars a share. The company got a new CEO, and enthusiasm around the company grew. The hedge funds decided that making money off the company failing was more important than anything the new CEO could offer even before the CEO had a chance to show what he was worth. So the hedge funds shorted the stock (shorted more shares than actually exist-how in the world is the legal?)
They started putting out horrible valuations after they had shorted the company to drive down the price back down to where it was before the new CEO was hired. Redditors decided to beat them at their game.
Yeah, I am quite sure. There are people buying GME at $400 a share. GME is not even remotely worth this. Meanwhile a South Korean asset managment company with a long term 5% stake just sold for over $1 billion. And there are lots of people in this pump and dump scheme who got in at $5, $10, $20 cheering on more rubes to "stick it to the hedge funds". They are watching their positions go up and up and up. They will dump their shares and someone will be left holding the bag.
Fascinating how you're looking at this but are ignoring the shorts. Are they invisible to you? Or is it just that you cannot believe that reddit might be right every once in a while?
I'm not. But who is more damaging to the small investor? The guy who says "buy Gamestop at $400" or the one who says "Sell at 11?"
Look, you're probably young and you don't remember how stock manipulation works. You can be forgiven for that. But look at the math. The market distortion by the shorts in this stock is a tiny fraction of the distortion caused by the pump and dump scheme going on.
But don't believe me. You figure out what you think is the fair, long term stock price for GME and judge everyone based on how far they are from that number.
I don't believe you. Next Monday, GME will end up somewhere between $4 and $400. And a couple hedge funds will close their doors.
Fin.
I love people who try to close discussions like that.
Next Monday, the hedge funds will still be there. But what will happen to thousands of investors who bought stock way above 11? Do you even care about them?
These hedge funds will still be there because they manipulated the market. They cheated. That is why there is outrage. Do you care about that?
Do I like short selling? No. Is it legal? Yes.
Am I going to send a thousand unarmed innocents into battle to beat some short sellers? No.
Am I going to let a bunch of scammers make a fortune off of these innocents? No.
Is it illegal to run a pump and dump scheme? YES!!!
I see a grift. It's EXACTLY like the grifts I saw 20 years ago. The leaders have all bought Gamestop at low prices. They are telling other people to buy at high prices. They know for certain that the stock is not worth the price they are advising people to buy. I'm looking at this subreddit and it's all wrong.
There's no grift. There was no pump and dump. WSB said hold. They said do nothing. They saw a situation where billionaire investment professional traders had a ton of naked shorts and took advantage. The professionals screwed up and retail took advantage. Then the brokerages bailed out the hedge funds by forcing retail to sell at a loss. Last i checked, it's illegal to do a naked short. It's not illegal to refuse to sell a stock for a low price.
How can you even pretend to talk about valuations? Tesla is worth more than every other car company in the entire world combined. Apple just produced record breaking insane quarterly profits and fell in price. Stock valuations are not as pure as you claim.
Oh stop. You aren't an investor. You are a speculator. You are now telling me that stock prices mean nothing.
1. Tesla is overvalued. If I actually believed in short selling, I would do it. But I don't.
2. There is nothing illogical about a stock's price going down after a good earnings announcement.
Lol, you dont know my portfolio or my strategy. I just so happen to be a fundamentals person but that doesnt mean i cant see whats going on. I'm not telling you that stock prices are meaningless. I'm just reminded you of econ101. There is no such thing as intrinsic value, that is why the market is used as a price discovery mechanism.
There is absolutely everything illogical, on a fundementals basis, about dropping after a historic beat. But please, explain the fundemtals argument behind that.
You didn't get far in school. You confuse the idea of intrinsic value with an individual's ability to know it.
As for "a historic beat"? Why are you looking at a one day closing price? A real investor says the stock price was $25 five years ago, and today it's at $137. Also, a real investor knows that stock price is based on future, not past earnings.
DP. A real investor can figure out what is happening with GME, RH, reddit, and Melvin/Citadel etc.
Brush up on your skills.
Yes, some people on reddit are running a pump and dump scam. They have fooled people into believing this is an epic battle against hedge funds. Redditors, these are your invetment advisors:
So which hedge fund or lobbyist firm do you work for?
None! Twenty years ago I wrote software to identify internet stock scams on Raging Bull and some of the other boards. I'm sharing expertise. Looking at the Reddit, it's just like Raging Bull except with memes and emoji.
And your expertise includes linking a violent mob who stormed the capital to redditors who want to profit from a stupid game that hedge funds play? You should be ashamed of yourself.
If you have arguments to make, do your research(read the reddit boards) and come up with something productive. I actually read quite a few of them today to try to understand what is going on.
It's pretty sad that you are actually someone with something worthy to contribute to this topic. You are a disgrace!
I read the Reddit. That's exactly why I have come to the conclusion that they look like the stock boards from 20 years ago. You can call me a disgrace, but in a month I will have warned the people who are about to lose a lot of money.
But all that said, you don't need me to tell you that this stock is not worth $400. So the redditor end game (my reference to the capitol attack) is that everybody sells, just like the end game of the attack on the capitol is that everyone leaves. The end game is to sell before the suckers do. Back in Y2K, the leader of a pump and dump scam would need several days to close out their positions. During that time they would want to keep the momentum up on the stock so the bottom doesn't fall out while they are doing it. Seems like what's going on right now. If I could rewrite my code, I'd run a timeline of the posts of the key redditors. At some point the SEC might try to link those accounts to trades to see if they were telling people to buy while they were selling.
Except there's an obvious sell date. End of day tmrw. Many of the options underlying this trade expire tmrw. The dynamics are based on the overextended naked shorts not the GME buyers. You've completely missed the forest among the trees.
Nobody said buy. They said hold.
Literally the top post under the one pinned by moderators says "EUROPE BROS LISTEN UP: Today Is The Day. It's A Zero Sum Game Between Us and Melvin. You came out for us yesterday and we need you again today. Here is where you can buy GME. Good Luck, and POWER TO THE PLAYERS 🚀💎🤲 🚀"
Okay, Mel, you've figured it out. The $2b was just a gift, right?
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!
You can't fix stupid.
Ironically no matter how many times you all are corrected and presented with the facts you refuse to accept reality. Sounds like the qanon people to me. Except instead of Comrt's basement it's some sort of messageboard boiler room.
You gave your opinions and assumptions based on your expertise from decades ago. Those are not facts. Everyone who disagrees with you sounds like QAnon to you.
You would fit in very well with the QAnon crowd; you demonize everyone who does not see the world exactly as you do.
OK show me your experience in online securities fraud. I'll wait...,
The more you deny people like me exist when I know they do because I am one and know many (people who are happy to spend some money for the sole purpose of sticking it to Wall Street) the less credible I find you. I know I’m who I say I am, no idea who you are
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
LOL there were some small investors at the beginning but to manipulate the stocks took billions of dollars. This was way out of the reach of individual investors. This was other hedge funds jumping in. Do not believe Fox News hype. This was done by your elites.
I’m the pp “billionaire” who spent $100. I would have walked across shards of broken glass to vote for Biden. But sure keep trying to profile me.
A lot of you really don’t seem to understand that a lot of this is built on vengeance not greed. Just because you always act in the interest of profit doesn’t mean others do
NP. This is very interesting. You actually are a seditionist, metaphorically speaking. Like them, you are angry at an unfair system so you struck back in a strong and unexpected way. And you did in fact scare the crap out of the powers that be, without any deaths or physical injuries. Well done.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!
You can't fix stupid.
Ironically no matter how many times you all are corrected and presented with the facts you refuse to accept reality. Sounds like the qanon people to me. Except instead of Comrt's basement it's some sort of messageboard boiler room.
You gave your opinions and assumptions based on your expertise from decades ago. Those are not facts. Everyone who disagrees with you sounds like QAnon to you.
You would fit in very well with the QAnon crowd; you demonize everyone who does not see the world exactly as you do.
OK show me your experience in online securities fraud. I'll wait...,
The more you deny people like me exist when I know they do because I am one and know many (people who are happy to spend some money for the sole purpose of sticking it to Wall Street) the less credible I find you. I know I’m who I say I am, no idea who you are
You have that much experience in securities fraud but are somehow ignoring the naked short selling and greater than 100% short interest? That's basic fundamental securities fraud. You're not making any sense.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!
You can't fix stupid.
Ironically no matter how many times you all are corrected and presented with the facts you refuse to accept reality. Sounds like the qanon people to me. Except instead of Comrt's basement it's some sort of messageboard boiler room.
You gave your opinions and assumptions based on your expertise from decades ago. Those are not facts. Everyone who disagrees with you sounds like QAnon to you.
You would fit in very well with the QAnon crowd; you demonize everyone who does not see the world exactly as you do.
OK show me your experience in online securities fraud. I'll wait...,
The more you deny people like me exist when I know they do because I am one and know many (people who are happy to spend some money for the sole purpose of sticking it to Wall Street) the less credible I find you. I know I’m who I say I am, no idea who you are
You have that much experience in securities fraud but are somehow ignoring the naked short selling and greater than 100% short interest? That's basic fundamental securities fraud. You're not making any sense.
You don't know how much is out there because short interest is about 4 weeks out of date. Today or tomorrow we will get new short interest data. For January 15.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!
You can't fix stupid.
Ironically no matter how many times you all are corrected and presented with the facts you refuse to accept reality. Sounds like the qanon people to me. Except instead of Comrt's basement it's some sort of messageboard boiler room.
You gave your opinions and assumptions based on your expertise from decades ago. Those are not facts. Everyone who disagrees with you sounds like QAnon to you.
You would fit in very well with the QAnon crowd; you demonize everyone who does not see the world exactly as you do.
OK show me your experience in online securities fraud. I'll wait...,
The more you deny people like me exist when I know they do because I am one and know many (people who are happy to spend some money for the sole purpose of sticking it to Wall Street) the less credible I find you. I know I’m who I say I am, no idea who you are
You have that much experience in securities fraud but are somehow ignoring the naked short selling and greater than 100% short interest? That's basic fundamental securities fraud. You're not making any sense.
You don't know how much is out there because short interest is about 4 weeks out of date. Today or tomorrow we will get new short interest data. For January 15.
It's a factual impossibility to acquire more than 100% of the shares
Well this just posted on the subreddit. What, the founder of the reddit is a scammer who was booted off? Yes this is the place to go for good investing advice.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!
You can't fix stupid.
Ironically no matter how many times you all are corrected and presented with the facts you refuse to accept reality. Sounds like the qanon people to me. Except instead of Comrt's basement it's some sort of messageboard boiler room.
You gave your opinions and assumptions based on your expertise from decades ago. Those are not facts. Everyone who disagrees with you sounds like QAnon to you.
You would fit in very well with the QAnon crowd; you demonize everyone who does not see the world exactly as you do.
OK show me your experience in online securities fraud. I'll wait...,
The more you deny people like me exist when I know they do because I am one and know many (people who are happy to spend some money for the sole purpose of sticking it to Wall Street) the less credible I find you. I know I’m who I say I am, no idea who you are
You have that much experience in securities fraud but are somehow ignoring the naked short selling and greater than 100% short interest? That's basic fundamental securities fraud. You're not making any sense.
You don't know how much is out there because short interest is about 4 weeks out of date. Today or tomorrow we will get new short interest data. For January 15.
It's a factual impossibility to acquire more than 100% of the shares
It's like I say things and they just don't even register with you.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
Well I didn't say you are seditionists, but you sure as heck are following an anonymous Redditor down a rabbit hole. I'm betting Q didn't get his ass arrested in the Capitol, and I'm betting your pied piper will make millions at the expense of your compatriots. Glad to know you have money to blow just to make a point. That's not elitist at all!
You can't fix stupid.
Ironically no matter how many times you all are corrected and presented with the facts you refuse to accept reality. Sounds like the qanon people to me. Except instead of Comrt's basement it's some sort of messageboard boiler room.
You gave your opinions and assumptions based on your expertise from decades ago. Those are not facts. Everyone who disagrees with you sounds like QAnon to you.
You would fit in very well with the QAnon crowd; you demonize everyone who does not see the world exactly as you do.
OK show me your experience in online securities fraud. I'll wait...,
The more you deny people like me exist when I know they do because I am one and know many (people who are happy to spend some money for the sole purpose of sticking it to Wall Street) the less credible I find you. I know I’m who I say I am, no idea who you are
You have that much experience in securities fraud but are somehow ignoring the naked short selling and greater than 100% short interest? That's basic fundamental securities fraud. You're not making any sense.
You don't know how much is out there because short interest is about 4 weeks out of date. Today or tomorrow we will get new short interest data. For January 15.
It's a factual impossibility to acquire more than 100% of the shares
It's like I say things and they just don't even register with you.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
LOL there were some small investors at the beginning but to manipulate the stocks took billions of dollars. This was way out of the reach of individual investors. This was other hedge funds jumping in. Do not believe Fox News hype. This was done by your elites.
I’m the pp “billionaire” who spent $100. I would have walked across shards of broken glass to vote for Biden. But sure keep trying to profile me.
A lot of you really don’t seem to understand that a lot of this is built on vengeance not greed. Just because you always act in the interest of profit doesn’t mean others do
NP. This is very interesting. You actually are a seditionist, metaphorically speaking. Like them, you are angry at an unfair system so you struck back in a strong and unexpected way. And you did in fact scare the crap out of the powers that be, without any deaths or physical injuries. Well done.
She is not a seditionist. She is more like a voter who is voting for change. She is letting her $100 speak for her just like a vote would.
It's true. I just tried to buy 4 shares of AMC with my own money on e-trade(no margin) and it's a no go:
"Opening orders for this security cannot be accepted online at this time. For assistance with placing this order, please contact Customer Service at 1-800-ETRADE-1 (1-800-387-2331)".
This is absolutely ridiculous!
And now that you know this isn't a Robin Hood conspiracy, here's your next tidbit. Melvin Capital and Citron already closed their short positions. So yay, the hedge funds were defeated. Now a whole bunch of people are holding securities they bought at prices over $100.
So, the redditors are like QAnon. They are inside the capitol. What do they do next? Where's the end game for the person who posted this morning about how he can pay for his sister's college? Will he soon be posting about how he lost his savings?
NP.
F@@@ you pp. Equating everyday Americans, again crushed under the heel of big business to seditionist traitors. Hedge funds tried to bankrupt GameStop to make a buck. A bunch of small time investors banded together to make sure they paid for their continued destruction of American companies for profit.
Most of them literally do no gaf about the money. The subreddit is one post after another saying they don’t care if they lose as long as they drive the lesson home. I myself, a woman who had never been to the subreddit before today, spent $100 on Nokia and amc just in solidarity with them. Do not care if I lose all of it. There are a lot of us. And we’re not committing effing train you elitist wealth inequality championing apologist for the billionaires.
LOL there were some small investors at the beginning but to manipulate the stocks took billions of dollars. This was way out of the reach of individual investors. This was other hedge funds jumping in. Do not believe Fox News hype. This was done by your elites.
I’m the pp “billionaire” who spent $100. I would have walked across shards of broken glass to vote for Biden. But sure keep trying to profile me.
A lot of you really don’t seem to understand that a lot of this is built on vengeance not greed. Just because you always act in the interest of profit doesn’t mean others do
Anonymous wrote:Buying a share of GME at whatever price before cob tomorrow is more of a political statement for people now. Especially Redditers. Market manipulation occurs all the time but it only matters when it “might”’have been engineered by commoners. Plus many of the Redditers were kids in 2008 and saw a lot of suffering while Wall Street was rescued. They want revenge. Can't blame them.
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