Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

More people than you might think know enough imo. It’s not that people are confusing the two. It’s that they are correctly assessing banks and hedge funds as the same type of unaccountable Wall Street villains who succeed by constantly cheating the system and paying off the refs.

If squeeze causes stock to soar above 1k and people sell, how do sellers get paid when the firms who shorted can't cover?

Can/will SEC cancel trades above some threshold due to some 'rule' being broken?

When VW was at its peak for a few hours, could people sell? I just don't see how a government could allow that (i.e. government/wealthy never lose.)

Anonymous wrote:

Anonymous wrote:Yeah, Warren comes out of this looking really stupid and out of touch. Reddit is only one small part of what happened and this is looking a lot like the housing crash. Then it was banks not titling mortgages properly. Now it's brokerages not keeping track of individual ownership while lending out shares to short sellers.

Did you even read Warren's letter? She's hardly "out of touch." https://www.warren.senate.gov/imo/media/doc/01.29.2021%20Letter%20from%20Senator%20Warren%20to%20Acting%20Chair%20Lee.pdf

She's right - the stock market is like a casino right now. In the past when the market has gotten like this, there's a huge crash. Our economy is already trashed, we don't need a stock market crash on top of that.

Right? Because it makes a lot of sense for the Dow to hit 30,000 in the middle of the pandemic...

Anonymous wrote:Yeah, Warren comes out of this looking really stupid and out of touch. Reddit is only one small part of what happened and this is looking a lot like the housing crash. Then it was banks not titling mortgages properly. Now it's brokerages not keeping track of individual ownership while lending out shares to short sellers.

Did you even read Warren's letter? She's hardly "out of touch." https://www.warren.senate.gov/imo/media/doc/01.29.2021%20Letter%20from%20Senator%20Warren%20to%20Acting%20Chair%20Lee.pdf

She's right - the stock market is like a casino right now. In the past when the market has gotten like this, there's a huge crash. Our economy is already trashed, we don't need a stock market crash on top of that.

wait for Monday GME was in a quiet period end of fiscal year couldn't comment. Equity raise on Monday? think about the power of that. 1M shares @ 300 or something like that? Boom 300M in their bank accounts. Dilution someone will say,, hogwash the avg float that is traded is under 50M shares ( insiders own the remaining) adding 1/50th of the shares out is nothing. AND it takes all bankruptcy off the table. AND it adds Book Value to the stock aka balance sheet. AND it seemingly could easily "put a floor on the stock" of 70-90 or? This would essentially be GAME OVER for all shorts that have shorted between 3-70 which is a TON of shorts. They commence to buying and closing out their positions. LONGS raise their bids and then this is the squeeze, toss in some FOMO and its a rocket ship. The Tilray squeeze of 2018 took almost 3 weeks. GME 1000- 2000 not impossible. It would be nice to see this announce at like 3:30 one day. After and Pre market fireworks without a circuit breaker holdup

Anonymous wrote:Yeah, Warren comes out of this looking really stupid and out of touch. Reddit is only one small part of what happened and this is looking a lot like the housing crash. Then it was banks not titling mortgages properly. Now it's brokerages not keeping track of individual ownership while lending out shares to short sellers.

She went from academia to the senate - I can’t imagine a career path more guaranteed to result in someone being out of touch

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone think the squeeze will happen today?

Soon. GME closed above $325 today. Above $320 was a huge milestone as there were >90,000 OI call contracts ITM. That means 9M shares may potentially need to be bought/traded and the float is only 70 million. It's crazy.


And people are naive if they think it is just reddit on the opposite side. There was a massive buy order for millions around after 3 PM that pushed it closer to $320. No one has that kind of cash except a huge whale like Black rock or Vanguard (both have direct interest in GME). Today the closing price was $5 above $320 and was exactly at VWAP to inflict MAX pain on call writers. No one can pull that off except professional big whales.

This will be epic next week and moving forward unless there is massive intervention form brokers or the government.

Where can I read up on existing call contracts that is outstanding?

Just google options chains for any stock. They even have options chains listed in yahoo finance. You can see the gigantic OI open for GME for contracts that just landed ITM.

Yeah, Warren comes out of this looking really stupid and out of touch. Reddit is only one small part of what happened and this is looking a lot like the housing crash. Then it was banks not titling mortgages properly. Now it's brokerages not keeping track of individual ownership while lending out shares to short sellers.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies.

Actually, I said the people on here (DCUM) were acting this way, not WSBs but yes there are some smart people and many dumb people on WSB. In any event, I was also the poster who said people better be voting for Warren or Bernie before y’all complain one more second about income inequality.

Warren released a very disappointing statement today basically calling the redditors market manipulators. Unfortunately she’s not the answer here.

You honestly believed her all for the little guy schtick? She’s been in DC long enough to know the deal. It is disappointing that she would sell out but the narrative is being constructed in DC that these Redditers are akin to domestic terrorists and they unfairly manipulated and rigged the system to steal money and we must protect our financial institutions, no matter how poorly run they are. The fix will soon be in!

She is totally in on protecting people from themselves even when they totally know all the risks, as in the GME case. Ultimate nanny government person.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies.

Actually, I said the people on here (DCUM) were acting this way, not WSBs but yes there are some smart people and many dumb people on WSB. In any event, I was also the poster who said people better be voting for Warren or Bernie before y’all complain one more second about income inequality.

Warren released a very disappointing statement today basically calling the redditors market manipulators. Unfortunately she’s not the answer here.

You honestly believed her all for the little guy schtick? She’s been in DC long enough to know the deal. It is disappointing that she would sell out but the narrative is being constructed in DC that these Redditers are akin to domestic terrorists and they unfairly manipulated and rigged the system to steal money and we must protect our financial institutions, no matter how poorly run they are. The fix will soon be in!

Right, that's just what the SEC said...

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies.

Actually, I said the people on here (DCUM) were acting this way, not WSBs but yes there are some smart people and many dumb people on WSB. In any event, I was also the poster who said people better be voting for Warren or Bernie before y’all complain one more second about income inequality.

Warren released a very disappointing statement today basically calling the redditors market manipulators. Unfortunately she’s not the answer here.

You honestly believed her all for the little guy schtick? She’s been in DC long enough to know the deal. It is disappointing that she would sell out but the narrative is being constructed in DC that these Redditers are akin to domestic terrorists and they unfairly manipulated and rigged the system to steal money and we must protect our financial institutions, no matter how poorly run they are. The fix will soon be in!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies.

Actually, I said the people on here (DCUM) were acting this way, not WSBs but yes there are some smart people and many dumb people on WSB. In any event, I was also the poster who said people better be voting for Warren or Bernie before y’all complain one more second about income inequality.

Warren released a very disappointing statement today basically calling the redditors market manipulators. Unfortunately she’s not the answer here.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

Also massive LOL if you think the fix for income inequality is some bros squeezing out some short sellers through collective action on a reddit forum. Like yikes.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies.

Actually, I said the people on here (DCUM) were acting this way, not WSBs but yes there are some smart people and many dumb people on WSB. In any event, I was also the poster who said people better be voting for Warren or Bernie before y’all complain one more second about income inequality.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:So is the only way to stop this happening in the future to allow the HF to fail? If our government always bails them out, why would they stop?

The only time a hedge fund has been bailed out was in 1998--Long Term Capital Management. Even then it was a group of banks (note I am using that word correctly) that collectively recapitalized it under the auspices of the Federal Reserve. LTCM was liquidated in 2000.

Why is everyone confusing hedge funds with banks?

Most of the people who are involved in this have no idea how any of it works.

Exactly and yet they’re on here with pitchforks. Typical mob.

And you’d be an arrogant idiot if you couldn’t see the “mobs” as a clear indicator that we have a problem with inequality-Economic, racial, etc - in this country that is bringing our downfall if it is t addressed promptly — without the haughty, know-it-all commentary.

PP is so smug. There’s some amazing analysis on Wall Street Bets. You don’t have to work on Wall Street to do your own analysis. But keep thinking it’s all dummies.