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I would say that it Is ironic that short positions are capitalizing on a company failing and people losing their jobs, but then people invest in a struggling company thus exploiting the short positions vulnerability to benevolent investing and in turn lose jobs because you're a company capitalizing on job loss.
i don't care about hedge fund mistakes (they didn't make any), I care about idiots pretending they're serving some imaginary injustice while obliterating the lower middle class people who work for gamestopThen why do you care about the hedgefund mistakes? You just contradicted yourself
Wrong again...
not in the slightest.
and other internet avenues of speech/communication. is that what you wanted? tighter regulations on common people trying to participate in the stock market? restrictions of free speech on the internet?
Hedgefunds lost billions already.not in the slightest.
the hedge fund companies lost/suffered nothing. gamestop is now sitting on the skin of a financial bubble...already explained this. what do you think will happen when it bursts? who will be affected? the gamestop uppers will sell off, get severance, etc, the workers who run the stores will be fired
left wing politicians are now calling this "financial insurrection" and are now investigating >reddit
shortsighted/delusional
Big money is MORTIFIED and the retaliation is completely unprecedented: coordinated attacks, willingness to risk prison over financial loss, concealing data, etc. They're shaking because we're holding GME. Despite any other lack of information available, this may be the best signal for why you should hold. Period.
After the massive GME rise, there was a LOT of bot activity trying to distract, dissuade, etc. They're poisoning the well, and it's difficult to know what can be trusted and what can't. The one thing we DEFINITELY know, however, is that all of those attacks are being done to make us sell GME and spin the narrative that the complicit agents are victims / good guys.
Robinhood + Citadel are trying to spin a BS narrative. If your institution can't afford something, shut everything down equally and go bankrupt. Choosing a specific stock to shut down is perhaps the most egregiously corrupt action ever taken in the market (which is saying A LOT). YOU weren't allowed to buy when major funds were, especially at CRITICAL times with CRITICAL buying opportunities to protect Citadel + big money and it collectively cost us tens of billions in lost opportunity. They're being sued, and rightfully so, but laws need to change to ruthlessly punish them NOW. Contact your representatives, SEC, etc. if you haven't already.
Hedges might lie about their short positions, or restrict visibility as much as possible. They can break laws and face negligible fees by comparison to the rest of what they stand to lose. Therefore, it's reasonable to assume they might do this among many other PR stunts to terrify you. Keep updated. Someone pointed out that iborrowdesk is no longer reporting on updated gme because, again, the legal consequences don't matter enough and they're protecting their interests. Refer to #1.
We don't know WHEN short positions will be covered, only the math that requires them to cover as we move forward. So if they delay and everyone gives in, they could save a lot of money. However, the longer they delay, the more they have to pay. So it's a matter of whether or not they double down and face higher risk/reward or not. Be prepared to WAIT.
If you set visible limits, the hedge funds can use this data to their advantage and potentially have attack vectors against us. However, if you don't set limits, you might miss out on major trading spikes when they happen. The selfless act is to avoid low limits, but the ultimate goal is to distribute wealth to the people so take if you're the people who need it.
If you're angry at Robinhood, move accounts AFTER this is over so that you're not frozen. Then consider moving to SoFi, since Chamath is perhaps the one major CEO that's on our side here and is offering probably the best alternative.
If you're angry at Google for removing negative Robinhood accounts, use Ecosia instead. They're just as user friendly, effective, and they give 80% of their profits to green energy and planting trees. Google will lose hundreds or thousands of dollars per year from your ad revenue and data collection.
Join a class action lawsuit against Robinhood to leverage the losses from the day you couldn't buy GME. Document evidence of owning GME (it will be in your Robinhood history), or any intent of it such as on >reddit about your intent to buy stocks before they locked trading. If you owned a lot, you should join as a Named Class Representative for outcomes specific to you. These are civil cases to redistribute wealth back to you, and could be significant. Only sign up in one class action suit or it could be considered fraud. Details are still coming.
It's hard to anticipate what other stunts will be pulled to try to screw us over. Contact your representatives, particularly those in finance committees and demand REAL consequences for this criminal behavior. This matters.
the hedgefunds lost nothing in the long run. you have no idea how finance works on that scale, do you? as I already pointed out, the bolsheviks like Eliabeth Warren are already talking about "repairing the damage done" and investigating places like >reddit
to prevent it from happening again. this means bailouts, this means shutting down the ability of normal people interacting in the stock markethow much do the sino-soviets pay you to post this?This is copypasta from wallstreetbets
For anyone watching the situation on GME, please also consider these relevant points and taking the relevant actions:
You're welcome to exchange this info freely if you find it useful. I am not a financial advisor, yadda yadda, you know the drill.
when The McCarthyism reveals itself
mccarthy was right, leftist are wrong. always been that way.youll see when they fire up the gas chambers and conentration camps again. dont pretend you werent warned
in what world is nazis being repugnant shitstains an "opinion"?Well this thread went south quick
Your Strawman Arguments point to the logical fallacy that riddle your rational thinking and therefore it is frivolous to debate this subject further.
if you don't know what phrases like "strawman" or "logical fallacy" mean, it's best not to use them. it just makes you look bad
it would be dope if they saw it as an act of god and became stronger out of this financial trolling. Historical precedent might mean it still fails, but then again Ford is still around after getting bailed out. In a perfect Vaporwave world they would become a blockbuster and give us all the nostalgia we desire.Is the blow to some hedge fund managers really going to put the nail in the coffin for Gamestop employees? I feel like life as a Gamestop employee was already bad enough so i mean when the higher ups at Gamestop take a hit from the bubble bursting I imagine Gamestop would just be going back to business as usual as a shitty company with a low stock price as opposed too a a shitty company with a high stock price. In the end I think the people betting against the market were the only ones to lose aside from future investors if regulation for this gets out of control in favor of big traders.
yes, it will.Is the blow to some hedge fund managers really going to put the nail in the coffin for Gamestop employees? I feel like life as a Gamestop employee was already bad enough so i mean when the higher ups at Gamestop take a hit from the bubble bursting I imagine Gamestop would just be going back to business as usual as a shitty company with a low stock price as opposed too a a shitty company with a high stock price. In the end I think the people betting against the market were the only ones to lose aside from future investors if regulation for this gets out of control in favor of big traders.
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GameStop is profitable for the first time in 2 years, has no debt, and has $1.4 billion in cash. And that's not even the tinfoily part of this saga... | General Discussion | 10 |
