Are we ready to talk about the GameStop guy executing a brilliant hit and run? pic.twitter.com/JiRkl2OEYZ

— Autism Capital 🧩 (@AutismCapital) May 24, 2024

Go figure......it was all a scam.

Our markets are broken and full of bad actors. Got to get those porn blockers installed over at the SEC so they actually do something about this type of thing.

I saw the movie about this Dumb Money last year, very good, profane rap music aside.

and no, rap music doesn't bother me, but the lyrics on almost every song played in the movie was extremely crude. Just found it amusing.

Kitty made a killing. There is a fool born every day.

Sounds like Roaring Kitty may be one of the Duke Brothers.

Ghost Mech said:

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Are we ready to talk about the GameStop guy executing a brilliant hit and run? pic.twitter.com/JiRkl2OEYZ

— Autism Capital 🧩 (@AutismCapital) May 24, 2024

Go figure......it was all a scam.

Our markets are broken and full of bad actors. Got to get those porn blockers installed over at the SEC so they actually do something about this type of thing.

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How was it a scam? Didn't he just cause a short squeeze because he noticed it was over shorted again?

Initially yes. But the last 11 days of up and down is a little suspect. Wall Street Sharks were definitely swimming in that water......

Definitely Not A Cop said:

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Ghost Mech said:

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Are we ready to talk about the GameStop guy executing a brilliant hit and run? pic.twitter.com/JiRkl2OEYZ

— Autism Capital 🧩 (@AutismCapital) May 24, 2024

Go figure......it was all a scam.

Our markets are broken and full of bad actors. Got to get those porn blockers installed over at the SEC so they actually do something about this type of thing.

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How was it a scam? Didn't he just cause a short squeeze because he noticed it was over shorted again?

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It's also up 13% after hours.

Keith Gill just posted a YOLO on Reddit for the first time in 3 years. Ice in his veins
120,000 June 21st $20 calls
Wow.

RoaringKitty, aka DeepFuckingValue, just disclosed he is the GameStop, $GME whale I was tracking last week.

He has $65,700,000 in $GME calls.

Here is exactly when he bought, using Unusual Whales:

05/31 3:54:44 $2.8M
05/30 3:59:39 $2.6M
05/29 10:53:39 $2M
05/28 3:40:26 $3.25M… pic.twitter.com/cDnyOXeVyA

— unusual_whales (@unusual_whales) June 3, 2024

Stock was over $45 at a couple points during premarket trading this morning. I don't even want to know how much those $20 contracts are worth if that holds until the market opens.

On another note, T&Ps for some unfortunate hedge fund manager who took out a massive short position and got to wake up to this news this morning.

NO ONE IS PREPARED FOR HOW WILD THIS BULL MARKET IS GONNA BE.

— Jonnie King 🍌👑 (@JonnieKing) June 3, 2024

Mother of God $GME pic.twitter.com/BLvnRy1vcc

— wallstreetbets (@wallstreetbets) June 3, 2024

They sound so confused and have no idea what just hit them 😂 $GME @TheRoaringKitty #GameStop pic.twitter.com/ADidewUyO4

— Fatdad Dirk 🏴‍☠️ (@FatdadDirk) June 3, 2024

Does anyone else get the feeling that the SEC is going to step in at some point?

I'm not a huge government intervention guy, but don't we have regulators to protect markets from what some might consider blatant manipulation?

Quote:

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On another note, T&Ps for some unfortunate hedge fund manager who took out a massive short position and got to wake up to this news this morning

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They deserve whatever they get for swimming in this cesspool.

Then again there are always buyers and sellers in a market. There are funds making fortunes with this trade too....


I have no skin in the game either way. I'm just here to watch the chaos unfold.

He's posted...

• A drawing of a guy leaning forward
• About 100 random memes
• His holdings in GME
• An Uno reverse card

What specifically are you going to get him for?

Ghost Mech said:

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NO ONE IS PREPARED FOR HOW WILD THIS BULL MARKET IS GONNA BE.

— Jonnie King 🍌👑 (@JonnieKing) June 3, 2024

Does anyone else get the feeling that the SEC is going to step in at some point?

I'm not a huge government intervention guy, but don't we have regulators to protect markets from what some might consider blatant manipulation?

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What's the difference between manipulation by an individual or a company?

Not sure....


The way I figure it is that the Wall Street powers that be don't like when outsiders make them look foolish or cost them money, someone somewhere is going to make a call to a regulator to find something/anything to bring this guy down.

The Feds already established they can arrest and convict a former President without any real crime. Why stop there?

1 - That's not an answer
2 - Trump wasn't convicted by feds, it was a state court

Entirely possible this guy is actually a govt sponsored group used to create chaos in the banking sector.

Feds, State, Local govt.....all one and the same.


If he makes too much noise, they will just kill him or put a dead hooker in bed with him a la Godfather 2.

He's touching the 3rd rail in Wall Street......he's exposing the naked shorting for all to see. Got to keep the illusion of "free markets" to maintain market confidence at all costs.

Ghost Mech said:

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Does anyone else get the feeling that the SEC is going to step in at some point?

I'm not a huge government intervention guy, but don't we have regulators to protect markets from what some might consider blatant manipulation?

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Are you refering to the hedge funds blatantly over shorting a position to the point that they cannot cover their losses without intervention or are you refering to a private individual making a bet against those very hedge funds.

Certainly you aren't refering to a meme posted that drew attention from hundreds of thousands of self-proclaimed apes...

i just tried to calculate his gain, and it seems like if GME is at $42 he's made around $360,000,000?

Bird Poo said:

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Entirely possible this guy is actually a govt Russian, Chinese, Terrorist sponsored group used to create chaos in the banking sector.

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FIFY......now the Feds have their reason to step in.

Four Seasons Landscaping said:

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He's posted...

• A drawing of a guy leaning forward
• About 100 random memes
• His holdings in GME
• An Uno reverse card

What specifically are you going to get him for?

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Well...they did send the dude to prison for posting 'Vote for Hillary' meme.

Was it that exactly? I can't keep up with Marxist maneuvers of Obama 3.0

This all one giant **** show.

Yes, the practice of naked shorting by hedge funds is manipulation. And yes, what is going on with Roaring Kitty seems like manipulation to me.

Making $360,000,000 on one trade in a few hours seems like a threat to market stability. What happens to the market when the DEEP pocket firms start using the cheat code too? Say Goldman, Blackrock, StateStreet or any other big firm do the same thing on 100s of stocks in a day? Markets would shatter.

You say you're not a government intervention guy, but you're arguing for something that would be blatant federal government intervention against a guy posting memes because.............checks notes............. Trump was convicted of something completely unrelated in a state court.

Ghost Mech said:

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This all one giant **** show.

Yes, the practice of naked shorting by hedge funds is manipulation. And yes, what is going on with Roaring Kitty seems like manipulation to me.

Making $360,000,000 on one trade in a few hours seems like a threat to market stability. What happens to the market when the DEEP pocket firms start using the cheat code too? Say Goldman, Blackrock, StateStreet or any other big firm do the same thing on 100s of stocks in a day? Markets would shatter.

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It all boils down to trust.

People typically trust wall street types to not manipulate the market, thus they choose to invest in wall street.

When wall street types start to show signs of abusing said trust, the public can choose to take advantage of that loss of trust and bet against what wall street is trying to abuse. The problem is self-correcting after a period of chaos but the long term loss of trust is a gamble wall street types should not be taking on but here we are...

Markets need guard rails and neutral regulators that don't facilitate picking winners and losers. In this case, we have neither.

If the regulators at the SEC had done their job (i.e. ending the naked shorting), the conditions for all of this wouldn't exist.

Yes, that would have stopped the original market inefficiency from which the GME fad was born. That's an old conversation from a few years ago though.

What does that have to do with this guy posting memes and making his holdings public?

And again, what specifically do you want the SEC to after him for?

Relax dude......

As I said above, they (i.e. Wall Street, SEC, old money interests, Mega banks/hedge funds) don't want people (little guys) calling them out on their BS money making practices.

They will find something/anything to charge him with if he makes them look bad and most importantly costs them money.

Pick whatever charge you want...it doesn't matter, all that matters is that the money machine keeps running full steam ahead.

What's funny is that I don't think he's doing anything illegal or even unethical. Many financial bloggers or writers will write articles about a stock with a disclaimer noting they have a position in it. He's literally posting that he has a gigantic position in the stock Gamestop, and then the public is doing what they do.

Quote:

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Relax dude......

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Huh? Nobody is stressed.

Quote:

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Pick whatever charge you want...it doesn't matter,

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Ok. Go ahead. Pick one.

Four Seasons Landscaping said:

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Yes, that would have stopped the original market inefficiency from which the GME fad was born. That's an old conversation from a few years ago though.

What does that have to do with this guy posting memes and making his holdings public?

And again, what specifically do you want the SEC to after him for?

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Lets see if I have this correct.

1. Company/group (fund) sells shares of a stock they don't own in order to make it plunge
2. Individual sees that and buys the stock
3. Market's panic because short selling is their way to manipulate the market and now can get burned
4. Trading on GME is halted to protect the market manipulators

**** THEM ALL!!

It's like my house. Why can someone sell my house if I don't want to sell it? Or better yet, why should someone go to our neighborhood and the 5 surrounding neighborhoods and sell EVERY house to drive down prices. If those that own the house sell, fine. But someone that doesn't own the house should not be able to sell your house. Why is this legal?

But it is. So, when something like this happens, the people selling stuff they don't own should not be able to stop the markets from trading.

Ghost Mech said:

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This all one giant **** show.

Yes, the practice of naked shorting by hedge funds is manipulation. And yes, what is going on with Roaring Kitty seems like manipulation to me.

Making $360,000,000 on one trade in a few hours seems like a threat to market stability. What happens to the market when the DEEP pocket firms start using the cheat code too? Say Goldman, Blackrock, StateStreet or any other big firm do the same thing on 100s of stocks in a day? Markets would shatter.

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One dude in his basement is manipulating billions and trillions of dollars? Short squeeze isn't manipulation?

The market trades billions upon billions daily. You really think that 360 million is going to The entire market to become unstable? You have to be kidding me with this logic.

You must be fun at parties....


BTW - this is what happens when you allow HFT...

BREAKING: Berkshire Hathaway Class A stock, $BRK.A, has been halted down 99.97% in what appears to be a market glitch. pic.twitter.com/5cmzyHCd6V

— The Kobeissi Letter (@KobeissiLetter) June 3, 2024