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

[Tweak155]

If anyone bought this bubble in the last week on margin, or worse with options, then they took out loans that they shouldn't have. And Robinhood kept giving loans when they couldn't keep giving them loans (had to stop buying until they raised funds). If this turns out to be a giant pump-and-dump, then I'd have a hard time saying that only one side did egregious manipulation.

Preventing someone from actions entirely is like tying their hands. It doesn’t get much worse than that.
But I agree on the margin accounts, RH is on the hook for users with those accounts so they have a right to protect themselves. But my understanding was it also impacted cash accounts with them as well, which holds no excuse.
We’ll never know the potential economic impact from what they did at the end of the day.

 

[Miramonti]

I'm genuinely concerned about this attitude of "if he can hold, you can hold". Some folks put a lot of money that they should not have in the stock and bailed out a long time ago.

I don't want to start reading stories about suicides a few weeks later, like with that kid last year.

I found the constant bullying to 'hold the line', and 'not be a p***y and sell' really disturbing. That won't affect those who know what they are doing, but probably affected quite a few of those that don't. And those bullying know exactly who they are talking to.

 

[ultimatebob]

Preventing someone from actions entirely is like tying their hands. It doesn’t get much worse than that.
But I agree on the margin accounts, RH is on the hook for users with those accounts so they have a right to protect themselves. But my understanding was it also impacted cash accounts with them as well, which holds no excuse.
We’ll never know the potential economic impact from what they did at the end of the day.

I always had a hunch that Robinhood was going to be a crummy broker. You don't offer a completely "free" product without a catch... now we know what the catch is.

 

[zinfamous]

DFV has beachball sized diamond balls. People will say yeah but he bought in for pennies and can afford the losses because he's sitting on $13 million cash in addition to his GME shares and options. True but imagine yourself in his shoes and his account just decreased by another $13 million after like $7 million loss he suffered yesterday. At his peak, he was likely above $65 million+. Imagine having that and seeing like $43 million just evaporate. I don't care who you are, you start thinking about beach houses and other things you could've spent that money on. Gone. Imagine the pressure he's under to keep holding GME because if he sold out, probably the entire WSB subreddit would turn on him and millions would be disappointed and heartbroken. Imagine carrying that kind of pressure and burden and having to worry about that in addition to his GME positions. I would not want to be him. Those are some heavy chains.

https://www.reddit.com/r/wallstreetbets/comments/lb6jld

I don't know. I think it's stupid. Take your money and run, because you know the thesis is garbage in the end....the real trap he is in is that, assuming he was pumping a lot of this (he was, right?), making a huge sale like that would almost certainly get the SEC on his ass for pump and dump. People aren't going to hate him for "being weak" but for absolutely exploiting them.

 

[Tweak155]

If you're looking for a potential remaining short squeeze, the official data doesn't look too hot:

https://www.reddit.com/r/wallstreetbets/comments/lbbm5c

If I'm reading that right, only about 16m shares are shorted. Still a little high for a single stock, but nothing near the previous numbers.

EDIT:

Appears to be short volume. Not sure where the actual total # is.

 

[kt]

Anyone listened to Elon Musk interviewing Robinhood CEO on the Clubhouse?

I think Vlad is not telling the whole story, or is straight out lying through his teeth. If he had truth on his side, he wouldn't sound so nervous throughout the grilling session done by Elon.

 

[ponyo]

Anyone listened to Elon Musk interviewing Robinhood CEO on the Clubhouse?

I think Vlad is not telling the whole story, or is straight out lying through his teeth. If he had truth on his side, he wouldn't sound so nervous throughout the grilling session done by Elon.

I listened to Elon's interview with Vlad "the stock impaler" because I listen to everything Elon. And I saw Chamath's tweet on Vlad and Baiju.

https://twitter.com/x/status/1354947541125611526

Granted, Chamath is talking his book because his SPAC IPOE is bringing Robinhood competitor SoFi to market by reverse merger. So Chamath does have conflict of interest here. Even discounting that, person's integrity matters. It's why I invested in Tesla because I believed in Elon's integrity. Likewise, I won't invest in Robinhood when it comes public because I don't think Vlad has integrity.

 

[manly]

Elon Musk and integrity. Yep, the guy who tweeted "Funding secured" to pump his own stock.

 

[s0me0nesmind1]

Elon Musk and integrity. Yep, the guy who tweeted "Funding secured" to pump his own stock.

He can tweet "The sky is blue" and effect stocks. We live in a different world now.

Did you see the effect he had on Gamestop? Something tells me he didn't have a piece of that, but is he somehow liable for how the public reacts?

 

[ponyo]

Elon Musk and integrity. Yep, the guy who tweeted "Funding secured" to pump his own stock.

Yeah, Elon totally tweeted that so he could pump his own stock so he could sell his stock at the high. Knowing the stock price would crash if it turned out it wasn't true. So how many TSLA shares did Elon sell? All I ever see him is buy more TSLA stock.

It's ok to be salty and hater. There are lot of guys like you who completely missed the train because hate blinded you. Keep hating. Your salty tears are delicious.

 

[repoman0]

Yeah, Elon totally tweeted that so he could pump his own stock so he could sell his stock at the high. Knowing the stock price would crash if it turned out it wasn't true. So how many TSLA shares did Elon sell? All I ever see him is buy more TSLA stock.

It's ok to be salty and hater. There are lot of guys like you who completely missed the train because hate blinded you. Keep hating. Your salty tears are delicious.

Some people don’t need Elon’s balls in our mouths to make lots of money, and therefore can voice legitimate criticisms of him.

 

[ponyo]

Some people don’t need Elon’s balls in our mouths to make lots of money, and therefore can voice legitimate criticisms of him.

It's ok man. No need to be jealous because Elon's my boyfriend. Elon is definitely not perfect but he's human. I honestly believe he tries his best and has good intentions.

But keep letting your hate grow while you know nothing about the man because you don't do any research. You're lazy and let the media feed you stories.

 

[repoman0]

It's ok man. No need to be jealous because Elon's my boyfriend. Elon is definitely not perfect but he's human. I honestly believe he tries his best and has good intentions.

But keep letting your hate grow while you know nothing about the men because you don't do any research. You're lazy and let the media feed you stories.

My autonomous vehicles that I’ve worked on and fielded have killed zero people, Elon’s have killed several. Beta testing with people’s lives gets an automatic failing grade in integrity from me and many of the engineers I work with. The fanboy club may be able to overlook it in return for stock market gains but some are more discerning.

 

[WelshBloke]

Can we not make this about Mr Musk?

 

[manly]

Yeah, Elon totally tweeted that so he could pump his own stock so he could sell his stock at the high. Knowing the stock price would crash if it turned out it wasn't true. So how many TSLA shares did Elon sell? All I ever see him is buy more TSLA stock.

It's ok to be salty and hater. There are lot of guys like you who completely missed the train because hate blinded you. Keep hating. Your salty tears are delicious.

Projection much? Who's hating besides you? I never criticized you one iota, so not sure why you take it so personally. Elon has done extremely well, and isn't someone I'd personally bet against. But I'm not gonna subscribe to a fantasy that he's a paragon of integrity.

I never asserted Elon pumped his stock with the intention of dumping it. His intention appeared to have been to burn short sellers, but that's beside the point. His tweet was false information and amounted to securities fraud that the SEC went after him for. What does whether I made or didn't make any money on TSLA have to do with that?

Congrats to you for making millions on the trade (honestly), but your replies are just childish name-calling. Trying to psychoanalyze other posters with zero evidence and attributing claims that they've never made.

 

[kt]

Wow, that escalated quickly.

I think we can all agree that Elon Musk is an eccentric person. Let's leave it at that.

 

[Svnla]

Up to $92 or about 2%....ready to take off again?

Musk is an eccentric person is the most understated statement of the year. He is very smart and driven but sometimes he said things that were just "nutty" to put it lightly. For example, called another guy as a child pedophile because he and his team didn't need Elon's mini sub to rescue the boys in the cave in Thailand was just uncalled for.

 

[brianmanahan]

Can we not make this about Mr Musk?

smells musky in here THIS IS NOW A TSLA THREAD

 

[ultimatebob]

Some people don’t need Elon’s balls in our mouths to make lots of money, and therefore can voice legitimate criticisms of him.

You're missing out, man... Elon's balls are delicious! I don't know what kind of soap he uses down there, but them suckers are tasty

 

[ultimatebob]

I blame the lack of movement in GME today for the Elon Musk distraction. I guess that the paper handed bitches like myself all sold their shares, and the diamond handed heroes of /r/wallstreetbets are now holding things steady.

Or, maybe the hedge fund guys are totally out now and just aren't screwing with the stock price anymore. The truth is probably somewhere in between.

 

[IronWing]

smells musky in here THIS IS NOW A TSLA THREAD

He smokes? Now I know he's an asshole.

 

[Red Squirrel]

Not regular cigarettes, it's just weed, so it's not as bad.

 

[Red Squirrel]

You're missing out, man... Elon's balls are delicious! I don't know what kind of soap he uses down there, but them suckers are tasty

If anything it's worth doing just so you can put it on your resume.

 

[zinfamous]

He smokes? Now I know he's an asshole.

that's a blunt...on the Joe Rogan show. I really only judge him for the second part of that statement.

 

[ultimatebob]

If anything it's worth doing just so you can put it on your resume.

I thought that it was a requirement for owning Tesla stock... maybe I just read the contract wrong