[2/4 @ $88 per share] GME - Gamestop stock - anyone following this absolute MEME-HILARITY (now with Elon tweet)

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ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
pete6032 said:
It will come down eventually. Collective internet anger tends to be a temporary thing. Efficient market hypothesis.
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You know you pay borrow fee everyday on your short position, right? And you know that borrow rate can be less than 1% a year to 200% or even 1,000%, right? GME is considered hard to borrow stock. It has extremely high borrow fee right now you will be paying your broker everyday if you short. That is if you can find a broker who has any shares to lend and will lend it to you. It's the whole reason for the squeeze and the restricted buy that was placed on retail today. So the rich fucks could buy the shares from panicked retail holders of GME while they did that bear raid on GME today by unloading mountain of sell orders at once to drop the price like a rock today and no potential buyers could get in their way to screw up their illegal bear raid?

You do also know, these brokers have the right to demand the return of the GME shares you borrowed to short at anytime, regardless if you want to return it now or not? It's not up to you to decide when you want to buy it back especially during times like this. And your broker have the right to buy back the stock and close out your short position without your permission at any market price at any time, without your consent if they feel their lent money to you is at risk? We're in crazy time right now. Big boys are fucking cheating and stealing to survive the short squeeze. And you think it's good idea to short because you know it's going down in the future. Well no shit, Sherlock! But you as small fish with tiny account and no experience and knowledge think you can survive to see prices return to normal and this mania to end? Stay the fuck out the way.
 
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bbhaag

bbhaag

Diamond Member
Jul 2, 2011
7,299
2,838
146
13Gigatons said:
waahhh!!!!

View attachment 38737
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Haha he's like Bob's boss from The Incredibles.

GentleShortGharial.webp
 
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Tweak155

Tweak155

Lifer
Sep 23, 2003
11,449
264
126
s0me0nesmind1 said:
There is nothing "fucking stupid" about his question. The value as per the stock price doesn't align with what the company is worth. There is ZERO ability to question this with people that have no idea how the stock market works.

Every logical statement should tell anyone to short it.

It's no different than during the great recession when a select few people were shorting.
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FTFY.
 
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zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,788
31,220
146
dullard said:
Tweak155 and Zorba answered well. But I think it helps to make it personal.

Imagine that I ask you to loan me your spare living room end-table. I will return your table exactly as-is in 1 month. For that, I will pay you $100. You also know what I will do with it in the mean-time. I will sell that table to a stranger. When the month expires, I will buy that table back and return it to you (I'll even clean it up so that nothing changes). You keep the $100 rental fee. Will you take that deal?

In that month, I sell your table to lets say, Ponyo, for $1000. Then in one month I buy it back from Ponyo, for lets say $700. Then I return the table it to you.

You profit $100 (the rental fee). I profit $200 ($300 on the two trades minus the $100 rental fee). Ponyo had your table for a month, hated it, and lost $300.

My gamble is that what if Ponyo likes your table? After the month is up, he requires me to pay $1300 for it. Now Ponyo profits $300. You profit $100, and I'm out $400 (losing $300 to Ponyo on the two trades plus the $100 rental fee). Even worse, what if Ponyo makes me pay $5000 for it. Now I'm out $4100, $4000 to Ponyo and $100 to you. My losses can be infinite if Ponyo wants it to be because after the 1 month time span I am forced to buy it back at whatever price he wants before I can return it to you.

Note: this is a bit of a simplification, I can always borrow another identical end-table to return to you and not quite have an infinite loss.
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the problem with your example is that ponyo would never buy the table without Hermes scarves as part of the deal, so the transaction would probably be way too expensive on your end!
 
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Torn Mind

Torn Mind

Lifer
Nov 25, 2012
12,065
2,768
136
Them Wall Street wolves must have snorted some extra lines and hammered two call girls last night after guzzling a couple Viagras before going to war today.
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,410
13,708
126
www.anyf.ca
dullard said:
Tweak155 and Zorba answered well. But I think it helps to make it personal.

Imagine that I ask you to loan me your spare living room end-table. I will return your table exactly as-is in 1 month. For that, I will pay you $100. You also know what I will do with it in the mean-time. I will sell that table to a stranger. When the month expires, I will buy that table back and return it to you (I'll even clean it up so that nothing changes). You keep the $100 rental fee. Will you take that deal?

In that month, I sell your table to lets say, Ponyo, for $1000. Then in one month I buy it back from Ponyo, for lets say $700. Then I return the table it to you.

You profit $100 (the rental fee). I profit $200 ($300 on the two trades minus the $100 rental fee). Ponyo had your table for a month, hated it, and lost $300.

My gamble is that what if Ponyo likes your table? After the month is up, he requires me to pay $1300 for it. Now Ponyo profits $300. You profit $100, and I'm out $400 (losing $300 to Ponyo on the two trades plus the $100 rental fee). Even worse, what if Ponyo makes me pay $5000 for it. Now I'm out $4100, $4000 to Ponyo and $100 to you. My losses can be infinite if Ponyo wants it to be because after the 1 month time span I am forced to buy it back at whatever price he wants before I can return it to you.

Note: this is a bit of a simplification, I can always borrow another identical end-table to return to you and not quite have an infinite loss.
Click to expand...


Thanks I think I get it. It sounds a bit complicated but that does put it simply. I guess the idea is that if you know a stock is going to go down, or you think you can MAKE it go down (bad publicity etc), then you are at an advantage to do this? So it's a way to profit from a stock going down, while otherwise you would be losing if you simply bought it through a normal trade.
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,410
13,708
126
www.anyf.ca
[DHT]Osiris said:
The point isn't profit. The point is to implode the hedge fund.
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Yep. I imagine it's a tough situation because I know if I had several grand of potential gain I would be tempted to sell now, but if everybody does this, then it loses the point. The point is bigger than just profit but to screw over the big wigs.

I really hope this continues on it could totally transform the market I think. Even out the playing field for everyone.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,788
31,220
146
highland145 said:
Uh, overland oil vs pipeline. Nuf said.
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the source of the oil matters though. It's not simply truck vs pipeline, but de-incentivizing poisonous, earth-destroying fracking.

Obviously, a pipeline is better overall, assuming it is well managed (they rarely are), but it also means far, far less actual jobs. so take what you can get.

anyway, whatever decision leads to the end of fracking is always going to be the right decision. :D
 
highland145

highland145

Lifer
Oct 12, 2009
43,973
6,337
136
zinfamous said:
the source of the oil matters though. It's not simply truck vs pipeline, but de-incentivizing poisonous, earth-destroying fracking.

Obviously, a pipeline is better overall, assuming it is well managed (they rarely are), but it also means far, far less actual jobs. so take what you can get.

anyway, whatever decision leads to the end of fracking is always going to be the right decision. :D
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Uh, it's coming anyway. Truck or rail be way safer.....
 
sdifox

sdifox

No Lifer
Sep 30, 2005
99,772
17,713
126
everyone that holds actual shares or put should just set the target sell price at 3000
 
njdevilsfan87

njdevilsfan87

Platinum Member
Apr 19, 2007
2,342
265
126
Because retail was mocked for this, I will buy a share tomorrow morning (<$1000). I don't care if I lose it all - I will not sell it. **** Citadel, Melvin, and everyone else involved in this behind the scenes.
 
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Zeze

Zeze

Lifer
Mar 4, 2011
11,395
1,189
126
zinfamous said:
Man, great to see the people in power actually understanding and speaking to what really went down here.

Hearings on Capital Hill? Yes, let's have some.
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Fvck hearing. For what - some stupid tongue lashing for few hours and they hop back on their private jets to go home.

They lost $20B. Getting fined for several tens of millions (if any) is a disgusting miracle of a discount.

Why don't people go to jail for white collar crimes in US? FFS. In S. Korea ppl facking go to JAIL for this shit.

Private companies run this country.. absolutely cucking the govt and the people.
 
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Torn Mind

Torn Mind

Lifer
Nov 25, 2012
12,065
2,768
136
ponyo said:
This is the most damning proof Citadel and others would've gone bankrupt today if retail wasn't blocked from buying. They wouldn't have been able to pay retail. People showing proof of selling GME for $5,000 today at market sell order before retail was cut off from buying.

https://www.reddit.com/r/wallstreetbets/comments/l7bpf5
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Read like an erotic novel. I feel like I wanna buy some more....
 
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