GameStop stock soars in recent retail bull attack | |
Anonymous Coward User ID: 54315767 United States 01/26/2021 10:23 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Weird Bob 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)] What a effing scam Gamestop is a dying retail chain Will be sub 60 in a week |
Anonymous Coward User ID: 79678319 United States 01/26/2021 10:24 PM Report Abusive Post Report Copyright Violation | lol. Quoting: Anonymous Coward 77994864 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. Doesnt really matter..its not at $6 is it? It made many millionaires and ruined a bunch of hedgefubds that absolutely deserved it 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. 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 Report Abusive Post Report Copyright Violation | Good, fuck wall st, they raped (naked short sold) the USA since the early 90's at the tune of 100+ TRILLION $. Quoting: Anonymous Coward 77013930 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! The whole thing is orchestrated by wall st themselves. You been tricked. This |
Weyoun User ID: 78625468 United States 01/26/2021 10:25 PM Report Abusive Post Report Copyright Violation | The mortgage crisis? Dude that's like comparing apples to socks. 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 Report Abusive Post Report Copyright Violation | lol. Quoting: Anonymous Coward 77994864 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. Doesnt really matter..its not at $6 is it? It made many millionaires and ruined a bunch of hedgefubds that absolutely deserved it 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. 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. 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79678319 United States 01/26/2021 10:39 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 45244832 Doesnt really matter..its not at $6 is it? It made many millionaires and ruined a bunch of hedgefubds that absolutely deserved it 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. 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. 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. 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 Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 77994864 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. 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. 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. 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. 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 Report Abusive Post Report Copyright Violation | |
A Doy User ID: 78654741 United States 01/26/2021 11:22 PM Report Abusive Post Report Copyright Violation | 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. 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76108041 United States 01/27/2021 12:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72737089 United States 01/27/2021 12:17 AM Report Abusive Post Report Copyright Violation | lol. Quoting: Anonymous Coward 77994864 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. they only need to hold them for a week then sell, to crash the the hedge funds Sell to who? |
Anonymous Coward User ID: 78546403 Canada 01/27/2021 12:53 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79263821 United States 01/27/2021 12:57 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78546403 Canada 01/27/2021 01:17 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79924504 United States 01/27/2021 02:04 AM Report Abusive Post Report Copyright Violation | 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. Quoting: Weird Bob 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)] Classic short squeeze! Gamestop is still a dog. 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 Report Abusive Post Report Copyright Violation | lol. Quoting: Anonymous Coward 77994864 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. they only need to hold them for a week then sell, to crash the the hedge funds Sell to who? Read my post directly above this post. :) |
Anonymous Coward User ID: 75225977 United States 01/27/2021 02:22 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78546403 Canada 01/27/2021 02:54 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 74506494 United States 01/27/2021 02:58 AM Report Abusive Post Report Copyright Violation | lol. Quoting: Anonymous Coward 77994864 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. they only need to hold them for a week then sell, to crash the the hedge funds Sell to who? 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 Report Abusive Post Report Copyright Violation | But sec is already on it, it could halt it and take everyone’s money [link to www.barrons.com (secure)] |
Anonymous Coward User ID: 78546403 Canada 01/27/2021 03:11 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 55229531 United States 01/27/2021 03:49 AM Report Abusive Post Report Copyright Violation | |
PatriotGeorge User ID: 16869712 United States 01/27/2021 03:58 AM Report Abusive Post Report Copyright Violation | lol. Quoting: Anonymous Coward 77994864 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. This bull run won't last more than another week or two and most involved know it. Get up to speed gramps. |
Anonymous Coward User ID: 79424459 Canada 01/27/2021 04:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79424459 Canada 01/27/2021 04:06 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79424459 Canada 01/27/2021 04:29 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 75963548 Australia 01/27/2021 04:41 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 70996891 Philippines 01/27/2021 05:13 AM Report Abusive Post Report Copyright Violation | These fucking chews are happy to bankrupt a business employing thousands of people but don't you dare retaliate! [imgur] [link to imgur.com (secure)] |