GME

[doodle]

Forum boards are hard at work. THEY LIKE THE STOCK!...ok?

The hold the line til 1000 has now become at least 5000. They realize they have have hooked moby dick and if they can just hang on they can bring down some serious elites.

[doodle]

What's also interesting is that bitcoins 10% decline over the last day coincides with this story....as if autist pools of money are flowing out of one insane f*@# the man investment to the next.

[I Shrugged]

Forum boards are hard at work. THEY LIKE THE STOCK!...ok?

The hold the line til 1000 has now become at least 5000. They realize they have have hooked moby dick and if they can just hang on they can bring down some serious elites.

It won’t take much to pop it, though.

[doodle]

Forum boards are hard at work. THEY LIKE THE STOCK!...ok?

The hold the line til 1000 has now become at least 5000. They realize they have have hooked moby dick and if they can just hang on they can bring down some serious elites.

It won’t take much to pop it, though.

Perhaps your right...but that's what Melvin thought as well

[CT-Scott]

I've been absent for a while, but thought to check here today to (hopefully) get better educated about what's happening with this Reddit/Gamestop thing. My question: Is it too late for me to try to profit from this (or a similar strategy still in its infancy from Redditors), or have I already likely missed the train? If it's not too late, how should I proceed with some of my "play money"?

[doodle]

I've been absent for a while, but thought to check here today to (hopefully) get better educated about what's happening with this Reddit/Gamestop thing. My question: Is it too late for me to try to profit from this (or a similar strategy still in its infancy from Redditors), or have I already likely missed the train? If it's not too late, how should I proceed with some of my "play money"?

I am too smooth brained and deficient in autist powers to even think of keeping up with wsb. I just enjoy the chaos they are injecting into the harvard biz grads hedge fund models.

[InsuranceGuy]

[deleted]

[whatchamacallit]

Bitcoin dropping

Rotating to GME?

[I Shrugged]

Since I’m not into options I don’t know how to bet against GME without subjecting myself to exposure beyond my initial amount. Is there a way?

[InsuranceGuy]

[deleted]

[I Shrugged]

Since I’m not into options I don’t know how to bet against GME without subjecting myself to exposure beyond my initial amount. Is there a way?

buy long dated puts

Thanks I’ll look into it.

[Kriegsspiel]

Apparently, Michael Burry is saying there should be "legal and regulatory repurcussions" and Bloomberg's Heejin Kim says "It has also spurred calls for a Securities and Exchange Commission investigation, though experts say it’s difficult to prove chat-room posts are part of an illicit scheme to manipulate the market." link

So be careful, my fellow "chat-room posters," the elites are angry that the plebes are bending them over

[Kriegsspiel]

In fact, I would not be surprised if claims that 'Russia is involved' are forthcoming.

[Smith1776]

As far as I'm concerned, since the WSB autists' are not actually an organization, their communications are open to the public, and they're not just painting the tape, I think it'd be hard to demonstrate a case of securities fraud or manipulation.

[Cortopassi]

Option volatility is insane. Even a Jan 2022 $10 strike price will cost you $3.85. More than $300 out of the money and still at $3.85!

Hah. Never knew about what was happening with GME until I saw this thread. Tulip mania.

[Smith1776]

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[Smith1776]

LMFAO.

[flyingpylon]

Reminds me of the phrase "The market can stay irrational a lot longer than you can stay solvent!"

[Kriegsspiel]

To be honest, I've had a newfound liking of old school video game stores after I found out that you don't actually own the games you buy on Steam. Which I'll never do again.

[Kriegsspiel]

As far as I'm concerned, since the WSB autists' are not actually an organization, their communications are open to the public, and they're not just painting the tape, I think it'd be hard to demonstrate a case of securities fraud or manipulation.

Yea, exactly. It's pretty cheeky that Michael Burry (seems to) want the SEC to bring the hammer down on a bunch of retards for "manipulating" stocks, but not on hedge fund guys who talk about what they're shorting, opinionating news pundits, financial writers, Burry himself, etc etc.

[Tyler]

As far as I'm concerned, since the WSB autists' are not actually an organization, their communications are open to the public, and they're not just painting the tape, I think it'd be hard to demonstrate a case of securities fraud or manipulation.

Where it starts to get complicated is if the same high-influence Redditors who got it all started are selling their own shares in the background while instructing everyone else to HOLD THE LINE . They'd be no better than the manipulative hedge funds and talking heads they claim to loathe. The problem with being so public about it is that the SEC now has excellent online documentation available to compare their public comments to their personal trades. I can see how regulators would have a keen interest in investigating the loudest voices, even if it's just to verify that actual Wall Street guys aren't using burner accounts to avoid regulatory oversight.

[doodle]

Market manipulation was completely kosher in the 20s. This is child's play compared to that era

[I Shrugged]

This will make a great movie.
Greed and fear still rule. The big boys have what it takes to prevail, IMO.

[InsuranceGuy]

[deleted]

[Tortoise]

(Moved my post from the "Wsb phenomenon" thread)

I know very little about options trading, so I have a dumb question. When a big Wall Street hedge fund places a very large short bet on a struggling company that's teetering near insolvency, does that large bet effectively put downward pressure on the stock price, thus making the company more likely to actually become insolvent?

If so, then would it be accurate to say that big Wall Street hedge funds' short bets on struggling companies could be viewed as "predatory" in a certain sense? Like picking off and devouring the slowest, weakest animals in a herd?

If so, then would it also be accurate to say that part of why WSB Redditors enjoy trying to screw over big Wall Street hedge funds isn't necessarily because they despise extreme wealth per se, but because they view the hedge funds' predatory behavior as ethically suspect?