I have watched major investment outlet after investment outlet blame what has happened because of reddit users calling them market manipulators. The reddit users are not the villain's in this situation despite what you may think about their language or memes. The big funds shorting this stock got caught with their d***s in the cookie jar after shorting GME for over a 5 year run. They have over 100% of the stock shorted. They are now pissed they got caught and are going to crazy lengths to paint the picture they are the victims while at the same time ladder attacking the stock and stop hunting to trigger fear for bigger selloff to free up shares. They are the ones manipulating the stock in my opinion.
$GME - If you think Reddit is in the wrong shame on you
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Last: 5 yr ago by Decay
I wasn't really keeping up with this issue but here's an article supporting what you are saying:
Short Sellers Are Down $91 Billion - CNBC
Short Sellers Are Down $91 Billion - CNBC
Shorting is against my own philosophy since everyone working at the company is actively working every day against your position.
Watching this play out is like watching a Texas vs LSU football game and rooting for both of them to lose.
On one side, you have a bunch of short-sellers entering their position and then giving presentations of doom and gloom to drive down the price even further.
On the other side is a bunch of coked-up, woke zoomers basing their investment strategy on memes to generate reddit excitement.
Both sides seem to be engaging in an elaborate and expensive pump and dump.
While I would not want to be short on the stock, there is no way GME should have a >$6 billion market cap.
On one side, you have a bunch of short-sellers entering their position and then giving presentations of doom and gloom to drive down the price even further.
On the other side is a bunch of coked-up, woke zoomers basing their investment strategy on memes to generate reddit excitement.
Both sides seem to be engaging in an elaborate and expensive pump and dump.
While I would not want to be short on the stock, there is no way GME should have a >$6 billion market cap.
They are not villains until 95% of them end up losing their life savings. The majority of Reddit posters are going to be left holding the bag.sro2005 said:
The reddit users are not the villain's in this situation despite what you may think about their language or memes.
This is a game of hot potato.
This. The short sellers will be just fine. The Zoomers putting their net worth on the line for something like Gamestop are going to be left for dead.
Are these reddit folks going long on GME or just trying to day trade it and get out?
Fwiw... here's what Whitney Tilson says: "I'm going to stick my neck out and make the same prediction for GameStop that I did for Tilray: From yesterday's peak, it will be down by two-thirds within a month (less than $53.27 per share) and 90% within a year (less than $15.98 per share)."
I think this kinda misses the point. Those idiots at WSB aren't investing because they think that GME's market cap of $6billion is undervalued, they are doing this specifically to cause a short squeeze in an attempt to f*** over short sellers and potentially lead to a similar situation we saw with VW back in 2008 where shares briefly reached over $1000.themissinglink said:
Watching this play out is like watching a Texas vs LSU football game and rooting for both of them to lose.
On one side, you have a bunch of short-sellers entering their position and then giving presentations of doom and gloom to drive down the price even further.
On the other side is a bunch of coked-up, woke zoomers basing their investment strategy on memes to generate reddit excitement.
Both sides seem to be engaging in an elaborate and expensive pump and dump.
While I would not want to be short on the stock, there is no way GME should have a >$6 billion market cap.
Most seem to be "day trading", but I use that term loosely. I'd wager a large percentage of folks aren't even beginner traders but just people who heard about a stock roaring and are trying to cash in. They don't understand what's really going on and are going to get hosed.YouBet said:
Are these reddit folks going long on GME or just trying to day trade it and get out?
I get that it's a short squeeze but it's a shame a handful of these zoomers are going to make lots of money off this.
There's some people on WSB's that have made more in a week than some will with researched, structured trading will in a lifetime.
That makes people mad.
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
That makes people mad.
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
Wall Street mad cause shot posters cost them billions #WSB
you may all go to hell and i will go to Texas
What due diligence is that? There is no due diligence on this company. In no way are the fundamentals even there to support the valuation. All this is based on is artificial market demand.Proposition Joe said:
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
As soon as the market is flooded with shares, there will be a massive price drop. Sellers won't be able to liquidate shares fast enough.
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
Yes, this just seems like elitists pissed that the plebeians found a back door into the wood paneled cigar room and are drinking all the good wine.
Yep l, basically good ole boys raided the country club
you may all go to hell and i will go to Texas
Reddit users: "Put it on the Underhill's tab."hedge said:
Yep l, basically good ole boys raided the country club
Tell that to $TSLAOld Buffalo said:What due diligence is that? There is no due diligence on this company. In no way are the fundamentals even there to support the valuation. All this is based on is artificial market demand.Proposition Joe said:
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
As soon as the market is flooded with shares, there will be a massive price drop. Sellers won't be able to liquidate shares fast enough.
So what's the play here for us to make some money on it?
Old Buffalo said:What due diligence is that? There is no due diligence on this company. In no way are the fundamentals even there to support the valuation. All this is based on is artificial market demand.Proposition Joe said:
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
As soon as the market is flooded with shares, there will be a massive price drop. Sellers won't be able to liquidate shares fast enough.
There are no more shares.... that's the point. Over 100% of shares have been sold already.
The volatility won't stop until Reddit or the short seller exits their position. It's a big game of chicken.
Demand for shares is sending the price higher. Supply and demand.
And if GME issues stock to take advantage of the price, it's good for GME and I bet both sides double down.
Who cares? You sound a little butthurt some of these kids made a killing.Old Buffalo said:What due diligence is that? There is no due diligence on this company. In no way are the fundamentals even there to support the valuation. All this is based on is artificial market demand.Proposition Joe said:
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
As soon as the market is flooded with shares, there will be a massive price drop. Sellers won't be able to liquidate shares fast enough.
I mean.... imagine caring about fundamentals in this market. That's a good way to lose money.
Old Buffalo said:What due diligence is that? There is no due diligence on this company. In no way are the fundamentals even there to support the valuation. All this is based on is artificial market demand.Proposition Joe said:
Will some be left holding the bag? Sure. Guys that don't do their due diligence and just follow what a website tells them to do often get crushed in the market.
But don't paint them all with a broad stroke - some absolutely know what they are doing and are getting rich because some of these large short sellers never thought this could happen.
As soon as the market is flooded with shares, there will be a massive price drop. Sellers won't be able to liquidate shares fast enough.
Since when has stock market trading been exclusively about fundamentals and valuation?
Hedge funds make strategic plays every day -- often specifically to crush the retail investors that don't know any better.
What we're seeing here are the retail investors identifying an opportunity to crush the big hedge funds and capitalizing on it.
Yes when the market is flooded with shares there will be a massive price drop and there will be a ton of sellers who bought late and didn't get out quickly enough that end up losing a ton of money. That's the market.
Get a time machine. It's anyone's guess what happens with this stock. This is purely a gamble in either direction. This stock could go to $1000 in the next week, it could also lose 80% of its value. I wouldn't put any money into this that you aren't comfortable losing in its entirety.HalifaxAg said:
So what's the play here for us to make some money on it?
It's gambling - but think there's a unique position if one does not care if ends at $20 (hedge fund objective) or $200 (wsb objective). One could buy and wait for it to spike back into the hundreds and sell it for a profit/find a way to go net free.HalifaxAg said:
So what's the play here for us to make some money on it?
disclaimers
1. don't listen to me.
2. it's gambling and you'll for sure lose everything
3. seriously don't rely on any of this post lol
Made a quick 20% on this yesterday in the span of a couple hours and then took the profit and ran...
I'm not arguing that investing should be about fundamentals, I'm arguing that his is purely a bubble driven by speculation and there is not a floor to stop a fall. We've moved from investing to gambling.
There is money to be made, but for every person that shows a 6 figure winner in their robinhood account after this is all over there will be 100 bag holders with credit card debt because they leveraged to buy.
There is money to be made, but for every person that shows a 6 figure winner in their robinhood account after this is all over there will be 100 bag holders with credit card debt because they leveraged to buy.
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”
Sure, there will be some people left holding bags at the end. But the WSB people who got in this early won't be. The stock has already 6-7x this month. Those that were in at the beginning of the month won't be holding bags even if it takes a big decline soon. Those who get in late (and who knows when and what price is "late" at this point) will be left holding bags. I don't really see the problem.
HalifaxAg said:
So what's the play here for us to make some money on it?
Buy the stock, sell covered calls, set a stop loss on your stock in case the market turns, and pray that the options' delta behaves rationally. I've been staring at this trade all day and can't bring myself to hit the button because I have no faith in that last part.
I bought 1 share to support the cause.
Isn't that market manipulation? Depending on how the WSB posts were written up, I imagine SEC may be interested. Hopefully nobody on WSBs wrote anything that is incriminating.Dr. Not Yet Dr. Ag said:
I think this kinda misses the point. Those idiots at WSB aren't investing because they think that GME's market cap of $6billion is undervalued, they are doing this specifically to cause a short squeeze in an attempt to f*** over short sellers and potentially lead to a similar situation we saw with VW back in 2008 where shares briefly reached over $1000.
Also, short selling hedge funds lobby the SEC often and have a relationship with them. I imagine they will be lobbying for action.
I still find this squeeze interesting.
Did Reddit post false or misleading information?
All they said was there are so many shorts, if enough people buy it, it will cause a major short squeeze.
And it happened.
What is the SEC case? Maybe if one of the posters is some fund or GME executive.
All they said was there are so many shorts, if enough people buy it, it will cause a major short squeeze.
And it happened.
What is the SEC case? Maybe if one of the posters is some fund or GME executive.
You're trying to bring logic to a bu ch of degenerate ******s spinning a wheel
you may all go to hell and i will go to Texas
Were it not for Section 230 the SEC would most likely go after Reddit for providing the forum.
Up 30% in after hours.
Trading at $190.
This is insane.
Trading at $190.
This is insane.
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