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GameStop stock soars in recent retail bull attack

 
Anonymous Coward
User ID: 54315767
United States
01/26/2021 10:23 PM
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Re: GameStop stock soars in recent retail bull attack
Yesterday, Melvin Capital got fleeced at their own game. Coordinated on Reddit retail investors were able to drive the stock at one point almost over $100/share to $160/share on the day for a company that has been in the news recently as another failing business amongst many closing hundreds of their buildings while wallstreet was poised to short them into the ground and make a fortune off of their misfortune.

Melvin Capital Investment firm was the target of Reddit group “wallstreetbets” because of their disclosure of a large short bet that they had taken on GameStop. They were “bailed out” by a 2.7 billion dollar investment from citidal and point72 asset management because that’s just how these crooks operate but it was a huge win for the little guys and this blueprint has put quite the scare into wallstreet and the game that they’ve played for 50 years and have gotten filthy rich playing.

Will the market retaliate today in a show of force by the biggest market movers and manipulators? Keep an eye on this...there could be quite the ripple effect of this over the next few days and weeks.

[link to www.institutionalinvestor.com (secure)]
 Quoting: Weird Bob


What a effing scam


Gamestop is a dying retail chain
 Quoting: Anonymous Coward 54315767


Will be sub 60 in a week
Anonymous Coward
User ID: 79678319
United States
01/26/2021 10:24 PM
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Re: GameStop stock soars in recent retail bull attack
lol.

Gamestop is a 6 dollar stock when fairly valued.

Any idiot buying into this contrived " bull run" will lose 95% of their investment in less than a year.

bookmark this post and talk to me in October.
 Quoting: Anonymous Coward 77994864


Doesnt really matter..its not at $6 is it?

It made many millionaires and ruined a bunch of hedgefubds that absolutely deserved it
 Quoting: Anonymous Coward 45244832


Hey, good for them.

Thing is, they are now stuck with a junk stock since the company is barely viable.

You been in a Gamestop lately? Lol.

I have.

Its great they screwed the short selling hedge bastards, but who is holding the bag now?

These fools are onecearnings report away frim watching their stacks dwindle ti nill.
 Quoting: Anonymous Coward 77994864


The hedge firm has 12 billion +... they used roughly 3 billion on their initial shorts. Borrowed 2.3 billion with interest.. likely gone... they HAVE to buy stocks back at a higher rate when their agreement comes to terms starting Friday to cover their shorts. The bagholders are holding until Melvin and company is made to pay market value at time come due.
Anonymous Coward
User ID: 72937004
United States
01/26/2021 10:25 PM
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Re: GameStop stock soars in recent retail bull attack
Good, fuck wall st, they raped (naked short sold) the USA since the early 90's at the tune of 100+ TRILLION $.

I like the name of the trader app most of these peeps were using..........ROBINHOOD!

Let the punishment fit the crime.

This is what they do to crypto all the time, its called PUMP AND DUMP, they have entire clubs of combined 100s of thousands of $$$ and they all get together pick a crypto and they all buy together the regular peeps see this and jump onboard (FOMO) and then they text each other and bail....works great!
 Quoting: Anonymous Coward 77013930


The whole thing is orchestrated by wall st themselves. You been tricked.
 Quoting: Anonymous Coward 78625468


This
Weyoun

User ID: 78625468
United States
01/26/2021 10:25 PM
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Re: GameStop stock soars in recent retail bull attack
...


Take your pick.
 Quoting: Weyoun


? I'm asking you.. pick one.
 Quoting: Anonymous Coward 79678319


I already did. You need to reed.
 Quoting: Weyoun

The mortgage crisis? Dude that's like comparing apples to socks.
 Quoting: Anonymous Coward 79678319


The system is the same. It has been so for thoudands of years and will continue to be until the end of the world. Corruption is built into sinful human nature. The redditors trying to "stick it to the man" are just feeding the same monster that will devour them.
Weyoun

User ID: 78625468
United States
01/26/2021 10:32 PM
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Re: GameStop stock soars in recent retail bull attack
lol.

Gamestop is a 6 dollar stock when fairly valued.

Any idiot buying into this contrived " bull run" will lose 95% of their investment in less than a year.

bookmark this post and talk to me in October.
 Quoting: Anonymous Coward 77994864


Doesnt really matter..its not at $6 is it?

It made many millionaires and ruined a bunch of hedgefubds that absolutely deserved it
 Quoting: Anonymous Coward 45244832


Hey, good for them.

Thing is, they are now stuck with a junk stock since the company is barely viable.

You been in a Gamestop lately? Lol.

I have.

Its great they screwed the short selling hedge bastards, but who is holding the bag now?

These fools are onecearnings report away frim watching their stacks dwindle ti nill.
 Quoting: Anonymous Coward 77994864


The hedge firm has 12 billion +... they used roughly 3 billion on their initial shorts. Borrowed 2.3 billion with interest.. likely gone... they HAVE to buy stocks back at a higher rate when their agreement comes to terms starting Friday to cover their shorts. The bagholders are holding until Melvin and company is made to pay market value at time come due.
 Quoting: Anonymous Coward 79678319


You insist they "have to." They don't. They don't play by the same rules you do. They have access to fed's money printer at zero or near zero interest. They can pull all sorts of accounting tricks and they have SEC in their pocket. Assuming these shorts are even real to begin with and not made up to orchestrate this very thing.
Anonymous Coward
User ID: 79678319
United States
01/26/2021 10:34 PM
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Re: GameStop stock soars in recent retail bull attack
People are forgetting VW and Porsche. Any idea how many 'retail investors ' got rich then? There's a couple billionaires now in With WSB
Anonymous Coward
User ID: 79678319
United States
01/26/2021 10:39 PM
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Re: GameStop stock soars in recent retail bull attack
...


Doesnt really matter..its not at $6 is it?

It made many millionaires and ruined a bunch of hedgefubds that absolutely deserved it
 Quoting: Anonymous Coward 45244832


Hey, good for them.

Thing is, they are now stuck with a junk stock since the company is barely viable.

You been in a Gamestop lately? Lol.

I have.

Its great they screwed the short selling hedge bastards, but who is holding the bag now?

These fools are onecearnings report away frim watching their stacks dwindle ti nill.
 Quoting: Anonymous Coward 77994864


The hedge firm has 12 billion +... they used roughly 3 billion on their initial shorts. Borrowed 2.3 billion with interest.. likely gone... they HAVE to buy stocks back at a higher rate when their agreement comes to terms starting Friday to cover their shorts. The bagholders are holding until Melvin and company is made to pay market value at time come due.
 Quoting: Anonymous Coward 79678319


You insist they "have to." They don't. They don't play by the same rules you do. They have access to fed's money printer at zero or near zero interest. They can pull all sorts of accounting tricks and they have SEC in their pocket. Assuming these shorts are even real to begin with and not made up to orchestrate this very thing.
 Quoting: Weyoun


It's on the books.. anyone can go check. As far as SEC getting involved... they looked into Porche and retails.. nothing happened. Consider it a land mark event. Same shit happening... there's no legal recourse action the SEC can take. If they do, market integrity and confidence goes BOOM.. they aren't willing to risk this for one stupid ass hedge fund who got caught pulling shady shit. If anything, I can see this regulating short options.. shorting 140% stocks of company is legal how? It's lunacy. They're being taught the lesson of a lifetime.
Weyoun

User ID: 78625468
United States
01/26/2021 10:43 PM
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Re: GameStop stock soars in recent retail bull attack
...


Hey, good for them.

Thing is, they are now stuck with a junk stock since the company is barely viable.

You been in a Gamestop lately? Lol.

I have.

Its great they screwed the short selling hedge bastards, but who is holding the bag now?

These fools are onecearnings report away frim watching their stacks dwindle ti nill.
 Quoting: Anonymous Coward 77994864


The hedge firm has 12 billion +... they used roughly 3 billion on their initial shorts. Borrowed 2.3 billion with interest.. likely gone... they HAVE to buy stocks back at a higher rate when their agreement comes to terms starting Friday to cover their shorts. The bagholders are holding until Melvin and company is made to pay market value at time come due.
 Quoting: Anonymous Coward 79678319


You insist they "have to." They don't. They don't play by the same rules you do. They have access to fed's money printer at zero or near zero interest. They can pull all sorts of accounting tricks and they have SEC in their pocket. Assuming these shorts are even real to begin with and not made up to orchestrate this very thing.
 Quoting: Weyoun


It's on the books.. anyone can go check. As far as SEC getting involved... they looked into Porche and retails.. nothing happened. Consider it a land mark event. Same shit happening... there's no legal recourse action the SEC can take. If they do, market integrity and confidence goes BOOM.. they aren't willing to risk this for one stupid ass hedge fund who got caught pulling shady shit. If anything, I can see this regulating short options.. shorting 140% stocks of company is legal how? It's lunacy. They're being taught the lesson of a lifetime.
 Quoting: Anonymous Coward 79678319


They don't need to take legal action. That's the whole point. They are above the law. The contract and other laws are different or nonexistant for them. Why do you have confidence in fake markets to begin with? Why do you have confidence in their faked books?

Last Edited by Weyoun on 01/26/2021 10:44 PM
Anonymous Coward
User ID: 70943670
Philippines
01/26/2021 11:00 PM
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Re: GameStop stock soars in recent retail bull attack
[imgur] [link to imgur.com (secure)]

rofl
A Doy

User ID: 78654741
United States
01/26/2021 11:22 PM
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Re: GameStop stock soars in recent retail bull attack
Why is it soaring? Wasn’t GameStop failing as a business?
 Quoting: Anonymous Coward 35741584


It's a classic pyramid scam and false flag setup for the coming crash. They run this scheme every time and sheeple keep forgetting and falling for it, thinking they're the ones winning and "sticking it to the man," but they don't even know who "the man" truly is and are falling right into a trap.
 Quoting: Weyoun


Yeah before the Crash of '29 everyone and their grandmother was playing the market.
A Doy
Anonymous Coward
User ID: 77769856
India
01/26/2021 11:30 PM
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Re: GameStop stock soars in recent retail bull attack
 Quoting: Anonymous Coward 70943670


I wouldn't deep short a stock so much that it fucked my hedge fund douche.

Hedge fund 101
Anonymous Coward
User ID: 76108041
United States
01/27/2021 12:01 AM
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Re: GameStop stock soars in recent retail bull attack
Very good video explaining what is going on. Comments are hilarious.

[link to youtu.be (secure)]
Anonymous Coward
User ID: 72737089
United States
01/27/2021 12:17 AM
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Re: GameStop stock soars in recent retail bull attack
lol.

Gamestop is a 6 dollar stock when fairly valued.

Any idiot buying into this contrived " bull run" will lose 95% of their investment in less than a year.

bookmark this post and talk to me in October.
 Quoting: Anonymous Coward 77994864


they only need to hold them for a week then sell, to crash the the hedge funds
 Quoting: Anonymous Coward 70996275


Sell to who?
Anonymous Coward
User ID: 78546403
Canada
01/27/2021 12:53 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
User ID: 79263821
United States
01/27/2021 12:57 AM
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Re: GameStop stock soars in recent retail bull attack
 Quoting: Anonymous Coward 70943670


the dumbasses shorted ~140% of the stock. the idiots are getting exactly what dumbasses deserve. not to mention that naked shorting is illegal.
Anonymous Coward
User ID: 78546403
Canada
01/27/2021 01:17 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
User ID: 79924504
United States
01/27/2021 02:04 AM
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Re: GameStop stock soars in recent retail bull attack
Yesterday, Melvin Capital got fleeced at their own game. Coordinated on Reddit retail investors were able to drive the stock at one point almost over $100/share to $160/share on the day for a company that has been in the news recently as another failing business amongst many closing hundreds of their buildings while wallstreet was poised to short them into the ground and make a fortune off of their misfortune.

Melvin Capital Investment firm was the target of Reddit group “wallstreetbets” because of their disclosure of a large short bet that they had taken on GameStop. They were “bailed out” by a 2.7 billion dollar investment from citidal and point72 asset management because that’s just how these crooks operate but it was a huge win for the little guys and this blueprint has put quite the scare into wallstreet and the game that they’ve played for 50 years and have gotten filthy rich playing.

Will the market retaliate today in a show of force by the biggest market movers and manipulators? Keep an eye on this...there could be quite the ripple effect of this over the next few days and weeks.

[link to www.institutionalinvestor.com (secure)]
 Quoting: Weird Bob


Classic short squeeze! Gamestop is still a dog.
 Quoting: PatrikC325


I started the first GME thread yesterday and I write this as an Agenda 2030 opponent and long time GLPer.

I think the long game here is Tesla acquires Gamestop for in-car gaming. Both Elon and the Social Capital indian dude are now whaling the GME push. Gamestop's current brick-n-mortar will mostly die but it'll be rebranded and repurposed by the new Chewy/Amazon trained Board of Directors.
Anonymous Coward
User ID: 79924504
United States
01/27/2021 02:06 AM
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Re: GameStop stock soars in recent retail bull attack
lol.

Gamestop is a 6 dollar stock when fairly valued.

Any idiot buying into this contrived " bull run" will lose 95% of their investment in less than a year.

bookmark this post and talk to me in October.
 Quoting: Anonymous Coward 77994864


they only need to hold them for a week then sell, to crash the the hedge funds
 Quoting: Anonymous Coward 70996275


Sell to who?
 Quoting: Anonymous Coward 72737089


Read my post directly above this post. :)
Anonymous Coward
User ID: 75225977
United States
01/27/2021 02:22 AM
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Re: GameStop stock soars in recent retail bull attack
 Quoting: Anonymous Coward 78546403


ana
Anonymous Coward
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Canada
01/27/2021 02:54 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
User ID: 74506494
United States
01/27/2021 02:58 AM
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Re: GameStop stock soars in recent retail bull attack
lol.

Gamestop is a 6 dollar stock when fairly valued.

Any idiot buying into this contrived " bull run" will lose 95% of their investment in less than a year.

bookmark this post and talk to me in October.
 Quoting: Anonymous Coward 77994864


they only need to hold them for a week then sell, to crash the the hedge funds
 Quoting: Anonymous Coward 70996275


Sell to who?
 Quoting: Anonymous Coward 72737089


the average joe that buys 100 stocks thinking it will be 3k per share later
Anonymous Coward
User ID: 74506494
United States
01/27/2021 03:00 AM
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Re: GameStop stock soars in recent retail bull attack
But sec is already on it, it could halt it and take everyone’s money

[link to www.barrons.com (secure)]
Anonymous Coward
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Canada
01/27/2021 03:11 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
User ID: 55229531
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01/27/2021 03:49 AM
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Re: GameStop stock soars in recent retail bull attack
game stop is over, and big bag holders are getting out at a manipulated top.

the only retail tech "store" that can survive is Apple.
PatriotGeorge

User ID: 16869712
United States
01/27/2021 03:58 AM
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Re: GameStop stock soars in recent retail bull attack
lol.

Gamestop is a 6 dollar stock when fairly valued.

Any idiot buying into this contrived " bull run" will lose 95% of their investment in less than a year.

bookmark this post and talk to me in October.
 Quoting: Anonymous Coward 77994864


This bull run won't last more than another week or two and most involved know it. Get up to speed gramps.
Anonymous Coward
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Canada
01/27/2021 04:01 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
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01/27/2021 04:06 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
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01/27/2021 04:29 AM
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Re: GameStop stock soars in recent retail bull attack
Anonymous Coward
User ID: 75963548
Australia
01/27/2021 04:41 AM
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Re: GameStop stock soars in recent retail bull attack
 Quoting: Anonymous Coward 70943670


These fucking chews are happy to bankrupt a business employing thousands of people but don't you dare retaliate!
Anonymous Coward
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Philippines
01/27/2021 05:13 AM
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Re: GameStop stock soars in recent retail bull attack
 Quoting: Anonymous Coward 70943670


These fucking chews are happy to bankrupt a business employing thousands of people but don't you dare retaliate!
 Quoting: Anonymous Coward 75963548


[imgur] [link to imgur.com (secure)]





GLP