Lets talk GME etc.

[Wageslave]

I think what is really freaking the wall street elites out is that there is a relatively large percentage of the r/wallstreetbets group that is willing to lose all the money that they gained to screw the hedge funds over, just on principle. This doesn't compute to people whose Lord and savior is money.

 

[69hurstolds]

The issue is that you may win the battle with a Reddit Regiment, but you certainly aren't going to win the war. It's Japanese Navy on Dec 7th, 1941. You'll punch them in the mouth, but they'll quickly regroup to kick you where it hurts the most. The big guys are losing $$ in the moment, but this only means these same managers are selling all the GOOD stuff too, to make up for the losses. That means a ripple effect across a lot of blue chip stocks as well. My so-called "good solid" investments were taking some hits after Reddit got done anal-izing the hedgers with a few stocks. I get the passion, but they're f*ckin' me some too. So stop it already!!! 🙂

The silver ordeal is definitely trickery in motion. The big guys try to fool everyone with a false trend. They want to roil up the idiots who will jump in on anything just to make a quick buck for themselves. I think everyone already knows this. Nobody who's going to try and ambush you will overtly tell you they're going to do that. It's BS. Don't buy silver on a whim. Unless you're in it for the long haul.

What really burns my azz the most is the stupid clearing house trading companies who are limiting "free trade" in the stock market by restricting some trades, and then trying to lie to investors saying their doing it for the investor's benefit. WTF??? That's pure BS. It's not my problem that you decide not to carry higher margins. But it is what it is. And this crap where hedgies can borrow more than stock available and short sell ghost stocks. That's really f'd up. I think there should be a rule if the stock isn't actually existing, you can't short sell it.

Sh*t goes up, sh*t goes down. Leave it alone. Everyone should be living the same risk levels in the stock market. We all know they don't, but still, it would be nice.

 

[RabbitHoleSS]

Is this a protest or way to make money? It feels like a protest. Since Robin hood screwed the longs by stopping the ability to buy and the talking heads on cnbc parroting the hedge funds by saying that wsb is illegal,wsb is really Russian or Chinese misinformation, you plebs are gonna lose tons of money,and the wsb crowd are buying silver (which is a lie). All to save the hedge funds.They expected everyone to sell gme. What do you call it when the hedge funds, robinhood and media work together to save the hedge funds? Citadel was about to die a glorious death until Robin hood stepped in and saved them. Hedge funds have no regulations. Only hedge fund managers, with the medias help can borrow stocks drive them down and pay you a fraction of their worth. And when they squeezed they shut it down and/or get government bailouts.

 

[ck80]

There is one thing missing from everyone's discussion so far I think:

The so-called market-makers.

They're getting trapped into helping fuel spikes and left holding the bag in losses that I bet dwarf their margin profits with this manipulated volatility

 

[Hurricane77]

It's definitely protest for some. This has been more of a "Occupy Wallstreet" event than the original Occupy Wallstreet.

Don't let the news reports of massive losses at the hedge funds distract you, someone is making bank off this and it's not going to be the WSB guys. Some might cash in and make a quick buck. But the whole concept is around shorting GME. The stock is way over inflated right now, and the sell off has already begun. It's lost over 50% of it's value this week (~$136 in pre-market this morning). I'll bet there are hedge funds out there that were shorting it at $300+. If those guys can cash out when it return back to $15 that's going to be a 2000% return

 

[GP403]

 

[64nailhead]

It's definitely protest for some. This has been more of a "Occupy Wallstreet" event than the original Occupy Wallstreet.

Don't let the news reports of massive losses at the hedge funds distract you, someone is making bank off this and it's not going to be the WSB guys. Some might cash in and make a quick buck. But the whole concept is around shorting GME. The stock is way over inflated right now, and the sell off has already begun. It's lost over 50% of it's value this week (~$136 in pre-market this morning). I'll bet there are hedge funds out there that were shorting it at $300+. If those guys can cash out when it return back to $15 that's going to be a 2000% return

And there still isn't any money anywhere in this process.

The concept of what the stock market was originally when it was started and what it has become today are polar opposites.

 

[Hurricane77]

And there still isn't any money anywhere in this process.

The concept of what the stock market was originally when it was started and what it has become today are polar opposites.

Yup, all those gains are just on paper. I think the founding guy at the peak has something like $42. Try and liquidate that and that value starts to disappear quite rapidly.

 

[69hurstolds]

Ah, but the short sellers need to know where their bacon is borrowed. If it's from the brokerage firm's holdings, that's one thing, as they may even have a few months to pay for it. But if it's from another client and the client decides to sell, they MUST replace that stock in a very short period. I'm not a short seller so I don't follow the ins and outs of short selling, but as I understand it, every brokerage firm has its own rules on that. The short seller may not have a choice on where the stock originates. And if that's the case that the stock was borrowed from another client and sold, it means the call goes out for the short seller to pay up pronto. Win, lose, or draw. So if you short sold a 35 stock at 50, thinking you made a tidy profit, but then had to pay it back at 350.... OUCH!!!!!

It's hella risky to short sell without being in the fixed group of hedge fund managers. I won't do it. My luck says if a stock was to take off, that's the day I short sold some of that stock.

 

[fleming442]

What's going on in here?