Reddit versus Wall Street

[Pwns]

https://www.wlwt.com/article/a-reddit-g ... d/35322839

Something's got to be done. Only Woke Wall Street is allowed to rig the game.

[∞∞∞]

I love it. I don't know how it ends - I'm sure Gamestop is thrilled at the sudden injection of cash - but it's pretty hilarious to see "regular" investors (frankly a lot of r/WSB guys have a bunch of money) confusing the hell out of the the big hedge funds.

It's been an interesting saga 'cause as of now, the hive mind there has no interest in selling while the big dogs are shorting and losing money.

[bobbythekidd]

It's a game of chicken and Wall Street has to get out of the way first.

[Ibanez]

I love it. I've made several posts in the Stock Market,
https://www.championshipsubdivision.com ... 7&start=25, thread about GME. The WSB crowd run the gamut from teenagers w/ some money, to college students, to average joes (like me) that like to speculate -to legit traders with deep pocks (like DeepFuckingValue whose $50k investment from 2 years ago is now work $20M).



GME has been a hot topic on WSB since last year and people had been buying in since then. The major run up has occurs in the past 2-3 weeks as calls have started coming due the hedge funds can't cover. Last Friday was the Gamma Squeeze. This week we could see the short squeeze begin. It seems every day the brokerages are adding higher and higher calls. They added $200 calls and they were adding more within an hour or so.
Wall Street has some nasty calls coming due on Friday.

I'm on Reddit - been on for about 2 years and have about 5-6 posts, none of them in r/WSB. Following this has been pretty entertaining. Go on and you'll see people bragging with rocket ships and telling others to " fucking hold the line" or a meme about holding like the 300. You'll see people ask if they should buy and others say "yes" or " Buy GME". You'll see a lot of due diligence, daily due diligence and market analysis. These people refer to themselves as "degenerates", "retards" and " autists". You'll also so many many posts which begin or end in, " This is not financial advice, do your own DD." I don't know if the SEC has a case against anyone posting. Probably not. There's nothing illegal with me telling you to buy a stock or that I have 1000 shares @ $12 and I think it'll continue to increase. I think the rub comes if someone were to knowingly like by saying something like, " GME is going all digital by Q2 20201."

The SEC should look into how it allowed and failed to regulate short sellers to the point that GME was shorted 140%. Short selling is notoriously risky.

Aside from all of that - the doxing, threatening and childish taunts and other BS that they do on Reddit and on Twitter (especially aimed at Andrew Left) is inexcusable. Anyone that actually did what Left claims should be investigated and punished.

[∞∞∞]

Reddit can be fairly wild, but Wall Street Bets is probably the wildest subreddit of all.

The GME saga (and now AMC) has been awesome to watch.

[Ibanez]

Reddit can be fairly wild, but Wall Street Bets is probably the wildest subreddit of all.

The GME saga (and now AMC) has been awesome to watch.

A buddy put $15k in AMC last year when it tanked. He's super happy right now.

I'm riding the PLTR train. I like the company. I interact with the software at work and I think the company has growth potential.

I've been looking at BlackBerry too - they've had a lot of news lately with some incredible things happening in the future.

[∞∞∞]

But Wall Street represents the economy.

[∞∞∞]

BTW I just checked: I'm now restricted to the amount of GME trades I can make. It's a nice reminder of how the rich will circle to defend themselves (contracts are due Friday). If people buy into a stock by pure herd/democratic choice, that's bad.

But hey guys, it's a free market!

[Pwns]

Damn AOC for saying something I agree with.

[∞∞∞]

It's a game of chicken and Wall Street has to get out of the way first.

Or Wall Street can just rig it.

The stock market soars as 400K died, tens of millions became unemployed, and billionaires made trillions and bought up assets for cheap - then regular people try to use the system for their own benefit - and suddenly stocks can't be traded and the same criminals gaming the system for decades want regulations. But muh capitalism.

[Skjellyfetti]

Lol.

Gotta love it. And, it unites the left and the right.

[∞∞∞]

Lol.

Gotta love it. And, it unites the left and the right.

I laugh at anyone who says Wall Street is a representation of the economy.

[Ibanez]

Damn AOC for saying something I agree with.

Yup. Me too. It’s weird.


Sent from my iPhone using Tapatalk

[Ibanez]

BTW I just checked: I'm now restricted to the amount of GME trades I can make. It's a nice reminder of how the rich will circle to defend themselves (contracts are due Friday). If people buy into a stock by pure herd/democratic choice, that's bad.

But hey guys, it's a free market!

It’s bullshit.


Discord and Reddit have banned or closed r/WSB.


But they’re back up already. That’ll only piss off the investors. And it seems that Michael Burry isn’t too pleased - he’s the guy from The Big Short and an investor in GME.


Sent from my iPhone using Tapatalk

[HI54UNI]

Damn AOC for saying something I agree with.

Broke clock.

But I do agree with her as well.

[SeattleGriz]

Valentine and Winthorpe sticking it to the Dukes!

[AZGrizFan]

Damn AOC for saying something I agree with.

Yup. Me too. It’s weird.


Sent from my iPhone using Tapatalk

I feel dirty.

They say American Airlines stock in next.

[Ibanez]

Yup. Me too. It’s weird.


Sent from my iPhone using Tapatalk

I feel dirty.

They say American Airlines stock in next.

I've seen that. AAL needs some real fundamentals/news to come out. AMC is seeing a boost due to new investors. I may throw $1k into today and see what happens.

I saw last night the calls were opened up to $570. That's ridiculous. Pre market has it at $451. It kind of makes me regret selling 1/2 my positions yesterday.

[SeattleGriz]

In regards to Game Stop. When a hedge fund "borrows" stocks originally, how long do they have to replace them? Is it a fixed term, or can they replace them any time before that fixed date?

[Ibanez]

And now you can't even buy GME, AMC, BB or a few others on Robinhood.

Why might you ask?

It might have something to do with the fact that Citadel, the company that all of RH transactions pass through, bailed out Melvin Capital - the hedge fund that is losing its shirt by shorting GME. This won't end well.

[Ibanez]

In regards to Game Stop. When a hedge fund "borrows" stocks originally, how long do they have to replace them? Is it a fixed term, or can they replace them any time before a fixed rate?

a position is opened by borrowing shares of a stock or other asset that the investor believes will decrease in value by a set future date—the expiration date. The investor then sells these borrowed shares to buyers willing to pay the market price. Before the borrowed shares must be returned, the trader is betting that the price will continue to decline and they can purchase them at a lower cost. The risk of loss on a short sale is theoretically unlimited since the price of any asset can climb to infinity.

https://www.investopedia.com/terms/s/shortselling.asp

A similar thing happened with VW in 2008 and Tesla 2 years ago.

[pikachu]

Lol.

Gotta love it. And, it unites the left and the right.

I laugh at anyone who says Wall Street is a representation of the economy.

YAY!

[Ibanez]

The end times are nigh


Sent from my iPhone using Tapatalk

[Ibanez]

Sent from my iPhone using Tapatalk

[∞∞∞]

And now you can't even buy GME, AMC, BB or a few others on Robinhood.

Why might you ask?

It might have something to do with the fact that Citadel, the company that all of RH transactions pass through, bailed out Melvin Capital - the hedge fund that is losing its shirt by shorting GME. This won't end well.

Oh hey, I can't trade them on my brokerage (Wells Fargo) as well. My friend said he can't on Ameritrade either.