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

[BoomerD]

WSB getting around Robinhood 2 GME max shares restrictions. I love it!
People did this to squeeze the NKLA shorts last summer I remember.

https://www.reddit.com/r/wallstreetbets/comments/l82y7u

Hmmm...while this thing looks like it started as a means of fucking the hedge funda, it's looking and sounding more like "hey you guys, jump in on the bandwagon to drive the value of our stocks sky-high so we can cash in bigly when we get out...leaving you holding nearly worthless stocks."
It's not the ones at Reddit who have been driving this are "average joe" investors...they might not be as wealthy as the hedge funds...but they damned sure don't live paycheck to paycheck either.

 

[Zeze]

Hmmm...while this thing looks like it started as a means of fucking the hedge funda, it's looking and sounding more like "hey you guys, jump in on the bandwagon to drive the value of our stocks sky-high so we can cash in bigly when we get out...leaving you holding nearly worthless stocks."
It's not the ones at Reddit who have been driving this are "average joe" investors...they might not be as wealthy as the hedge funds...but they damned sure don't live paycheck to paycheck either.

Ya i just posted the exact same thing a minute ago.

 

[BoomerD]

Ya i just posted the exact same thing a minute ago.

so I now see...you must have posted while I was.

Great minds think alike?

 

[Torn Mind]

They can't be proper wolves, but they are wolf pups.

 

[s0me0nesmind1]

I just went to Robinhood GME and for me it says "This stock is not supported on Robinhood"... So did they stop all sales again?

EDIT: Nevermind, now it's showing trade options for me, must have been just me and the app taking a bit to update since i last opened it.

 

[ponyo]

The end game is going to hurt lots of people no?

Let's say GME reaches $2000 or $5000 or $42,069 or whatever the fack. It'll crash hard once ppl are cashing out.

Among the 'everyday folks', only a fraction of them will be rich and rest will be screwed.

Isn't that right

The end game is to have the rich fucks be the bag holders. It won't hurt the everyday folks that much if executed correctly. But it will absolutely wreck some of the rich fucks. Hurting them in the wallet is the only message they understand.

 

[Scarpozzi]

Quite a few wealthy foreign investors are in the mix. This isn't just an organic internet against wall street....it's a shift of wealth from the hedge funds to investors around the world.

WSB seems to have opened the door and started the craze, but once word got out it snowballed.

 

[Zeze]

so I now see...you must have posted while I was.

Great minds think alike?

ok boomer

 

[Zeze]

The end game is to have the rich fucks be the bag holders. It won't hurt the everyday folks that much if executed correctly. But it will absolutely wreck some of the rich fucks. Hurting them in the wallet is the only message they understand.

How so? Yes it'll wreck the rich fucks in terms of their huge dollars.

But whatever 1-100 share holders ARE going to lose them except for 1% of that WSB crowd. And that is also not a small amount for them.

Some are buying at truly autistic rates beyond their financial means (e.g. "i put in all my money! or 401k!"). They're gonna lose them all.

It's basically a seppuku (murder-suicide).-

 

[BoomerD]

ok boomer

at least do it with some pizazz...

 

[ponyo]

The proper end game is the retail takes the money from the rich leaving the rich holding the bag. And hopefully bankrupt some of the rich in the process and put some in debt as well. That would be the optimal outcome.

 

[Zeze]

at least do it with some pizazz...

Anyways,

So that means it's basically murder-suicide.

99% of WSB retail traders will lose their above-the-means gamble money.

Unless the top winners of WSB decide to redistribute their wealth which is impossible logistically (verify, how to send, taxes, etc).

Do these kids know this?

 

[ponyo]

How so? Yes it'll wreck the rich fucks in terms of their huge dollars.

But whatever 1-100 share holders ARE going to lose them except for 1% of that WSB crowd. And that is also not a small amount for them.

Some are buying at truly autistic rates beyond their financial means (e.g. "i put in all my money! or 401k!"). They're gonna lose them all.

It's basically a seppuku (murder-suicide).-

The goal is to sell the shares to the rich fucks during the squeeze when they're literally begging us to sell it to them because not only because they don't want to lose all their money, but they will lose their house, wife, girlfriends and mistresses, summer beach house, and also put them in millions in debt if they don't buy from us. Basically, the end game is the real life "Trading Places" movie. You guys remember that movie with Eddie Murphy.

 

[Zeze]

The goal is to sell the shares to the rich fucks during the squeeze when they're literally begging us to sell it to them because not only because they don't want to lose all their money, but they will lose their house, wife, girlfriends and mistresses, summer beach house, and also put them in millions in debt if they don't buy from us. Basically, the end game is the real life "Trading Places" movie. You guys remember that movie with Eddie Murphy.

Are you disputing anything I said? I'm new to stocks.

 

[ponyo]

Are you disputing anything I said? I'm new to stocks.

Not everyone will survive the war. War is never pretty. Both sides will suffer casualties. We're at war.

 

[Zeze]

Not everyone will survive the war. War is never pretty. Both sides will suffer casualty. We're at war.

Jesus 99% of WSB are fucked.

 

[ponyo]

Jesus 99% of WSB are fucked.

Nope. WSB have the high ground. Not if they hold and break the rich fucks into submission.

 

[brianmanahan]

It's basically a seppuku (murder-suicide).

that's my guess

a ton of people think they're going to be able to get out in time, but they're not

hopefully they are only investing what they can afford to lose

but i have a feeling that them seeing dudes put 5 or 6 figures into GME will encourage them to risk more than they can afford

 

[Svnla]

The end game is going to hurt lots of people no?

Let's say GME reaches $2000 or $5000 or $42,069 or whatever the fack. It'll crash hard once ppl are cashing out.

Among the 'everyday folks', only a fraction of them will be rich and rest will be screwed.

Isn't that right

That's what I asked a few days ago in this very own thread..."the end game". So what will happen a week or a few weeks or a month or two or a year from now? We all know that $300+ and up per share for GS is not financially feasible/realistic. So ordinary folks will lose their money just to "teach" them hedge fund stinking rich (0.0001%) a lesson or two? I still don't see how folks that purchased GS stock in the high end will not end up losing money.

 

[Scarpozzi]

The goal is to sell the shares to the rich fucks during the squeeze when they're literally begging us to sell it to them because not only because they don't want to lose all their money, but they will lose their house, wife, girlfriends and mistresses, summer beach house, and also put them in millions in debt if they don't buy from us. Basically, the end game is the real life "Trading Places" movie. You guys remember that movie with Eddie Murphy.

I just assumed they were sheltered somewhat from the failings of the business/hedge fund itself. Are their personal assets exposed outside of their million dollar salaries?

 

[paperfist]

The end game is going to hurt lots of people no?

Let's say GME reaches $2000 or $5000 or $42,069 or whatever the fack. It'll crash hard once ppl are cashing out.

Among the 'everyday folks', only a fraction of them will be rich and rest will be screwed.

Isn't that right

The idea wasn't to make anyone rich, it was to screw over hedge funds...

However, it's a great mechanism to enrich the 'common' folk. The only way they get screwed is when they don't jump off at the right time.

I'm sure the 1% will jump in and get the White House to enact new rules from preventing this from happening again.

 

[sdifox]

That's what I asked a few days ago..."the end game". So what will happen a month or two or a year from now? We all know that $300+ and up per share for GS is not financially feasible/realistic. So ordinary folks will lose their money just to "teach" them hedge fund stinking rich a lesson or two?

No. Shorters bought over 200% of total float. Say you are one of the small WSB followers. You buy a share and hold for a few weeks when all the shorts are due. Them big shorters have to return over 200% of available float. It will happen either when the term is up, or the seller of the stock wants it back. Either way the shorter has to buy it back at market rate. Keep the market rate up and the shorters are screwed.

In essence if all the shorts are called today, the shorters have buy all the float stocks TWICE to cover their short position. They bought at say $10 but is is now 325.


There is about 47M GME float shares. Shorters have to buy 94M shares to give back to actual owner of the stock.

 

[IronWing]

Nope. WSB have the high ground. Not if they hold and break the rich fucks into submission.

View attachment 38829

Every holder has a different sell price. Eventually enough will sell to restore share liquidity for the hedge funds to cover their plays. Then the bottom falls out fast.

 

[Svnla]

No. Shorters bought over 200% of total float. Say you are one of the small WSB followers. You buy a share and hold for a few weeks when all the shorts are due. Them big shorters have to return over 200% of available float. It will happen either when the term is up, or the seller of the stock wants it back. Either way the shorter has to buy it back at market rate. Keep the market rate up and the shorters are screwed.

I hope you are right because I can see it now.... "whaaaaaaaa....uncle Joe and aunt Harris...save us...our retirement/kid college funds are all gone because of them evil stinking rich tricked us into buy those evil shares that we didn't know much about...need more stimulus freebie money...make us whole again"....(see demand of college loan forgiveness ..plus for those with $100K balance and higher with useless degrees because they didn't know better).

 

[ponyo]

No. Shorters bought over 200% of total float. Say you are one of the small WSB followers. You buy a share and hold for a few weeks when all the shorts are due. Them big shorters have to return over 200% of available float. It will happen either when the term is up, or the seller of the stock wants it back. Either way the shorter has to buy it back at market rate. Keep the market rate up and the shorters are screwed.

Those daily interest charges are not cheap. They can either bankrupt slowly or die quick death. Their choice. We're not fucking selling.