Reddit versus Wall Street

[SeattleGriz]

Why? Other than the fact nobody will let you sell it

That's the whole point of this: hold to squeeze the short sellers.

People who need the money should sell, but for the rest of us who can afford to lose it, the game is to hurt the hedge funds as long as possible. It's not about the money now (especially after the market shenanigans). It's simply a rare chance for people to fight back.

That's the mentality BDK was talking about, in which I've read a few posts. People saying they've had nothing their whole lives and if Wall Street thinks that them losing $1000 is going to scare them into selling, they are wrong.

[∞∞∞]

AOC now live to talk about it:

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That's the whole point of this: hold to squeeze the short sellers.

People who need the money should sell, but for the rest of us who can afford to lose it, the game is to hurt the hedge funds as long as possible. It's not about the money now (especially after the market shenanigans). It's simply a rare chance for people to fight back.

That's the mentality BDK was talking about, in which I've read a few posts. People saying they've had nothing their whole lives and if Wall Street thinks that them losing $1000 is going to scare them into selling, they are wrong.

That's basically it. These short-sellers play with people's livelihoods...they devalue companies and jobs/benefits that go with it. Leaches.

And again, if you need the money, SELL SELL SELL. Help yourself, your family, your favorite charity, whatever.

[Pwns]

Real swampy.



But hey, at least we have a Treasury Secretary with a vagina. That's all that matters.

[AZGrizFan]

That's the mentality BDK was talking about, in which I've read a few posts. People saying they've had nothing their whole lives and if Wall Street thinks that them losing $1000 is going to scare them into selling, they are wrong.

That's basically it. These short-sellers play with people's livelihoods...they devalue companies and jobs/benefits that go with it. Leaches.

And again, if you need the money, SELL SELL SELL. Help yourself, your family, your favorite charity, whatever.

Well the goal has been achieved, hasn’t it? The hedge fund has gone bankrupt. Why not sell your stock and donate the $$ or something? Why ride it all the way back down?

[∞∞∞]

That's basically it. These short-sellers play with people's livelihoods...they devalue companies and jobs/benefits that go with it. Leaches.

And again, if you need the money, SELL SELL SELL. Help yourself, your family, your favorite charity, whatever.

Well the goal has been achieved, hasn’t it? The hedge fund has gone bankrupt. Why not sell your stock and donate the $$ or something? Why ride it all the way back down?

There's more than one hedge fund in all of this, and the one that went bankrupt (Melvin) was privately rescued by Citadel and Point 72.

Some on Wall Street - in all of their infinite wisdom - have also shorted the short (64 million trades like this), so now f*ck them too.

There's also the fact that there's a bit of belief in Gamestop, and people (particularly Millennials) don't want to see hedge funds and their sister capital venture companies devaluing and taking down a company people love.

GME isn't the end of this either.

[kalm]

Real swampy.



But hey, at least we have a Treasury Secretary with a vagina. That's all that matters.

Was she picked for her vagina or to satisfy the establishment?

[Ibanez]

It's rebounding a bit...back up to almost $300. I'm completely out now, made a very nice profit.

It's really something when AOChe, Pelosi, Ted Cruz, Rashida Talib, Elon Musk and Donald Trump, Jr are all on the SAME side.

Blantant market manipulation, IMO.

I'm still in (bought a singular stock at $220). I plan to go down with this ship.

I sold a lot pretty high. I may go back in tomorrow for 1 or 2. The shorts still have to cover tomorrow. Look at today’s volume - it doesn’t stand to reason that they’re out (some analysis is that the hedge funds have doubled down).


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[∞∞∞]

I'm still in (bought a singular stock at $220). I plan to go down with this ship.

I sold a lot pretty high. I may go back in tomorrow for 1 or 2. The shorts still have to cover tomorrow. Look at today’s volume - it doesn’t stand to reason that they’re out (some analysis is that the hedge funds have doubled down).


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Yeah I mentioned it earlier, but it looks like some hedge funds are doubling down. So while I only have one stock, I'm holding.

I also like Gamestop. I legit want it to succeed.

[Ibanez]

That's basically it. These short-sellers play with people's livelihoods...they devalue companies and jobs/benefits that go with it. Leaches.

And again, if you need the money, SELL SELL SELL. Help yourself, your family, your favorite charity, whatever.

Well the goal has been achieved, hasn’t it? The hedge fund has gone bankrupt. Why not sell your stock and donate the $$ or something? Why ride it all the way back down?

Melvin isn’t bankrupt and I don’t think that’s really the goal. The goal isn’t achieved- which is max gains and a fair evaluation for Game Stock. Is it a $10B company? Probably not but it’s previous valuation was a bit low.


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[Ibanez]

I sold a lot pretty high. I may go back in tomorrow for 1 or 2. The shorts still have to cover tomorrow. Look at today’s volume - it doesn’t stand to reason that they’re out (some analysis is that the hedge funds have doubled down).


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Yeah I mentioned it earlier, but it looks like some hedge funds are doubling down. So while I only have one stock, I'm holding.

I also like Gamestop. I legit want it to succeed.

I thought $30, $75, $100 a share was a pipe dream.

I bet it could damn near triple due to the squeeze.


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[∞∞∞]

Yeah I mentioned it earlier, but it looks like some hedge funds are doubling down. So while I only have one stock, I'm holding.

I also like Gamestop. I legit want it to succeed.

I thought $30, $75, $100 a share was a pipe dream.

I bet it could damn near triple due to the squeeze.

I hope so. If nothing changes because of this, so be it. If something changes, then it was worth the small price.

These hedge funds and capital ventures take struggling companies and make the situation worse with these shorts. Instead of the fundamental reason we invest in stocks - the belief in the product - they go in there and destroy jobs and livelihoods to siphon money upwards.

Let them hurt.

[SDHornet]

This whole saga is awesome. I love seeing these hedge funds get squeezed. This won't end with GME, the game is going to have to be rigged even further for this to not happen again.

I didn't get in on any of this action, but might have to on the next company this happens with.

[SDHornet]

Real swampy.



But hey, at least we have a Treasury Secretary with a vagina. That's all that matters.

Sad thing is nothing is going to happen to Yellin (btw Bernie voted for her, and so did "eat the rich" Warren) and the hedge funds will get bailed out ala the big banks in '08.

[∞∞∞]

This whole saga is awesome. I love seeing these hedge funds get squeezed. This won't end with GME, the game is going to have to be rigged even further for this to not happen again.

I didn't get in on any of this action, but might have to on the next company this happens with.

AMC could be the next one. It's heavily shorted right now and people have taken notice, but GME is still the main target.

But I don't want to give financial advice either; I would say keep an eye out.

[BDKJMU]

Don't recall ever hearing of "Game Stop" before a week or so ago. Didn't understand the whole situation until I read an explanation on Red State + heard Rush explain it today (he thinks what happened is great)..

[SDHornet]

This whole saga is awesome. I love seeing these hedge funds get squeezed. This won't end with GME, the game is going to have to be rigged even further for this to not happen again.

I didn't get in on any of this action, but might have to on the next company this happens with.

AMC could be the next one. It's heavily shorted right now and people have taken notice, but GME is still the main target.

But I don't want to give financial advice either; I would say keep an eye out.

Thanks. I know Shwaub stopped purchases for GME today. Fuckers.

[SDHornet]

Don't recall ever hearing of "Game Stop" before a week or so ago. Didn't understand the whole situation until I read an explanation on Red State + heard Rush explain it today (he thinks what happened is great)..

Gamestop is the Radio Shack of video games and entertainment systems. Their model is doomed to fail unless they drastically change it. The buying is strictly a meme to fuck with the hedge funds, and I greatly approve.

[BDKJMU]

Don't recall ever hearing of "Game Stop" before a week or so ago. Didn't understand the whole situation until I read an explanation on Red State + heard Rush explain it today (he thinks what happened is great)..

Gamestop is the Radio Shack of video games and entertainment systems. Their model is doomed to fail unless they drastically change it. The buying is strictly a meme to fuck with the hedge funds, and I greatly approve.

Yeah, I got that now. Also now have a very elementary sort of understanding how these hedge funds work.

[Ibanez]

I thought $30, $75, $100 a share was a pipe dream.

I bet it could damn near triple due to the squeeze.

I hope so. If nothing changes because of this, so be it. If something changes, then it was worth the small price.

These hedge funds and capital ventures take struggling companies and make the situation worse with these shorts. Instead of the fundamental reason we invest in stocks - the belief in the product - they go in there and destroy jobs and livelihoods to siphon money upwards.

Let them hurt.

If some of the many videos and photos are true - GME was selling for $2k-$5k this morning before everything went to shit.


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[Ibanez]

Don't recall ever hearing of "Game Stop" before a week or so ago. Didn't understand the whole situation until I read an explanation on Red State + heard Rush explain it today (he thinks what happened is great)..

Gamestop is the Radio Shack of video games and entertainment systems. Their model is doomed to fail unless they drastically change it. The buying is strictly a meme to fuck with the hedge funds, and I greatly approve.

And that’s why there’s so much positivity behind it with the retail investor. Ryan Cohen (founder of Chewy) bought a stake and is on the board with 2 other former Chewy board members. Ryan’s letter to the board last month outlines his vision to take it more digital. That’s the future if he can pull it off. And that’s what the Reddit Brigade is bullish on.


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[Ibanez]

This whole saga is awesome. I love seeing these hedge funds get squeezed. This won't end with GME, the game is going to have to be rigged even further for this to not happen again.

I didn't get in on any of this action, but might have to on the next company this happens with.

AMC could be the next one. It's heavily shorted right now and people have taken notice, but GME is still the main target.

But I don't want to give financial advice either; I would say keep an eye out.

AMC actually has news to help justify the positive trends. They’re definitely a favorite.


Also Blackberry.


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[∞∞∞]

Don't recall ever hearing of "Game Stop" before a week or so ago. Didn't understand the whole situation until I read an explanation on Red State + heard Rush explain it today (he thinks what happened is great)..

Gamestop is the Radio Shack of video games and entertainment systems. Their model is doomed to fail unless they drastically change it. The buying is strictly a meme to fuck with the hedge funds, and I greatly approve.

They have a pretty aggressive turnaround plan to focus on digital sales, subscriptions, and renting more space to manufacturers and developers...basically the Best Buy turnaround model. Gamestop's digital sales are up something like 800% since last year, but they definitely need to close down a lot of the brick-and-mortar stores holding them down.

That's why it's doubly-annoying hedge funds are trying to bring Gamestop down. Yes it's struggling, but the asshats shouldn't have the ability to enrich themselves further by devaluing the investments people who believe in the product put in. Let it fail or succeed based on its product.

[SDHornet]

Gamestop is the Radio Shack of video games and entertainment systems. Their model is doomed to fail unless they drastically change it. The buying is strictly a meme to fuck with the hedge funds, and I greatly approve.

They have a pretty aggressive turnaround plan to focus on digital sales, subscriptions, and renting more space to manufacturers and developers...basically the Best Buy turnaround model. Gamestop's digital sales are up something like 800% since last year, but they definitely need to close down some brick-and-mortar stores holding them down.

That's why it's doubly-annoying hedge funds are trying to bring Gamestop down. Yes it's struggling, but it shouldn't mean hedge funds should have the ability to enrich themselves by devaluing the investment people who believe in the product put in.

I hadn't heard that. Last time I was in a GS was probably a year ago and it had nothing of interest to me. Damn shame, when I was way more into gaming I loved that place. Got most of my games from the used bin for a handful of bucks a pop.

[∞∞∞]

It wasn't great the last time I went (~1 year ago), but I haven't been during the pandemic.

Who knows though, with the recent injection of cash and all this free press, it could be enough to actually turn it around.