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I dont understand how come some people do not know what this is about?
They focus on the money and not the principles and corruption of the matter.
It reminds me somewhat of occupy wall street.
The little comic that you used in the quoted post is even more relevant today. Now the MSM is trying to tell everyone that redditors have "lost interest in GameStop" and are now "buying silver".
That's such bs - no, we're not.
Because the media won't actually do their job, which is to report the facts, which would take them 10 seconds on r/WSB to look up - feel free to look it up yourself.
What you will find? Everyone on there talking about how "We are not buying silver, this is fake news". Because it is. Why would we fund Citadel by buying silver?
These people are stupid.
And no, the squeeze is not over - it has not happened - we have not "lost interest" in GME. This is yet another media lie.
Yes I do agree with this. Losing money and extreme risk should temper peoples behavior. At least I hope you are right because we don’t want internet mobs destabilizing the markets. Millions of us rely on stable markets for our 401ks and personal investments. Sometimes people forget that regular Americans are heavily invested in the market too, it is not just hedge fund guys.
I have a large amount by normal people standards in the market and I don't give a sh*t what people do with these sorts of manuevers. As mentioned earlier, gamestock is going to return to fundamentals after this surge of people (most of which got greedy and just got burned...but hey in these situations, winners scream...losers not so much.)
I'm in for the long haul so whatever little bumps that occur from people playing day trader or working the shorts and so forth do....the long term fundamentals hold true.
I look at it this way, I'm a peon. If I can attach my little wagon to the rich guys wagon train they're going to protect my interests vicariously.
Anyone else, feel free to do you, I don't care. Burn your money on the front lawn if you want or buy gamestock or sell potato futures or go jump off a bridge. Whatever.
The little comic that you used in the quoted post is even more relevant today. Now the MSM is trying to tell everyone that redditors have "lost interest in GameStop" and are now "buying silver".
That's such bs - no, we're not.
Because the media won't actually do their job, which is to report the facts, which would take them 10 seconds on r/WSB to look up - feel free to look it up yourself.
What you will find? Everyone on there talking about how "We are not buying silver, this is fake news". Because it is. Why would we fund Citadel by buying silver?
These people are stupid.
And no, the squeeze is not over - it has not happened - we have not "lost interest" in GME. This is yet another media lie.
Napoleans armies were filled with bright eyed French soldiers seeking glory. His successes attracted mercenaries and others seeking fortune that swelled his ranks because well....he got his troops wins and loot.
Whatever pure motivations many may have had, you were joined by a literal mob of people looking to make a quick buck. Dangle the opportunity for a guy with $900 in his checking account to turn that into 40k in a few days and whoa mama....everyone is suddenly on board...then the worm turns.
Napoleans armies were filled with bright eyed French soldiers seeking glory. His successes attracted mercenaries and others seeking fortune that swelled his ranks because well....he got his troops wins and loot.
Whatever pure motivations many may have had, you were joined by a literal mob of people looking to make a quick buck. Dangle the opportunity for a guy with $900 in his checking account to turn that into 40k in a few days and whoa mama....everyone is suddenly on board...then the worm turns.
Here's a little bit of reality for you, Mathguy, since you think you know everything:
THAT was the point for the majority. Exposing THAT! This didn't start in January. It started awhile ago. This is what we wanted exposed. How many people in this country even knew what a short sell was before all of this? How many people in this country even knew what naked short selling is, and that it's illegal? More today than ever before.
How many people were aware that HF pukes do this to businesses all the time, no care in the world that they bankrupt the business, no care in the world that they destroy jobs, as long as they got their "quick cash"? More today than ever before.
That was the fricken point!
Had Robinhood not pulled their stunt by preventing anyone from buying, that squeeze was about to be very juicy - and yet you're on here acting like you know anything about why people did what they did.
Of course there were people who caught wind of it, thanks to the bobble heads on the news, and thought they were going to get in at the last minute and make a killing, but that's not why this started.
SEC never investigates anything - people don't demand it. Everything is done quietly, with most of the public completely and totally unaware of what is going on.
This brought major attention to what these pricks are doing - that was the goal. People did make a lot of money on this - those who were in it long before any brain dead news anchor heard about it, and they made a substantial amount of money all while getting it out there, into the public eye, exactly what these jackarses do.
Now we get to see just how deep in it our politicians are. It's out there in the public - millions know more than they did 2 months ago. We already know politicians won't do jack squat, but now the public knows that the politicians won't do jack squat - in addition to knowing what these vile pieces of garbage called HFs do, day in and day out.
If someone put in more than they could lose - that's on them.
If someone put in their entire student loan, or their house, or whatever else some of these morons did, that had nothing at all to do with any of it. That's on them for being too stupid to understand that you never do that. That's basic, first thing you're told about investing, investing advice. No one would tell you to do that - but some of these idiots went in with everything because they are clueless. They also didn't understand the damn point of all of this.
GME has Cohen, new hires (which are valuable), and plans for the future that could turn the company around. Cohen's co-founded company "Chewy" is worth around $105 per share (last time I looked), which is far better than $4 or $20 that GME was running at.
HF losers wanted to destroy that company. And you know damn good and well how that can happen so stop asking me stupid questions. I don't answer stupid questions, especially when I know you fricken already know how it can be done. They wanted to destroy that company for their own greed. A very intelligent person who does his due diligence recognized what was going on, and very transparently told people about it. Those people decided to say, "No, I don't think so HFs, you're not going to do this without being exposed."
And that is exactly what happened.
The news morons don't know anything about the market. They just regurgitate what some ahole tells them, and "negative news" porn is their thing. They don't give a flying crap either way what happens, they just want negative news so they can get more clicks and views, because that means money for them.
Half (if not more) of the politicians don't even have a clue. But some do, very much so know, what goes on. And more politicians are getting an idea, as well as the general public who didn't even know what "Hedge Fund" meant.
It doesn't matter what you think, the reality is, it has been exposed to a LOT of people not only in this country, but around the world. That was the fricken point. If some could make money off of it in the meantime, fantastic.
But stop acting like everyone just thought they were going to mortgage their house and get rich in a day. No one ever told anyone to do that, because that was NOT the point.
Here's a little bit of reality for you, Mathguy, since you think you know everything:
...
HF losers wanted to destroy that company. And you know damn good and well how that can happen so stop asking me stupid questions. I don't answer stupid questions, especially when I know you fricken already know how it can be done. They wanted to destroy that company for their own greed. A very intelligent person who does his due diligence recognized what was going on, and very transparently told people about it.
I honestly don't understand how people trading pieces of ownership somehow bankrupts GS unless it were to keep GS from acquiring additional needed capital to continue operating. They still have plenty of cash on hand that they haven't burned through yet.
I've asked this in good faith and just keep getting angry rants about stupid questions, but frankly I think that I'm touching on something that was put forth to rile up folks and get them to "protect" GS and pump up the stock.
Second, I have no issue with the guy herding reddit cats to screw over HF's and make bank. Tough luck for the hedge funds but the guys stated motivation was to make $$$ with his investment. Would be interesting to see where he cashed out at. Whatever he had to tell the herd at Reddit in order to get them to stampede in a favorable direction is what it is.
Let's see how hard people lie about what they did. RH will be there, Melvin will be there, DFV will be there, and a few others.
Like Congress has a clue about what is going on. SEC doesn't do jack all, DTCC is in the bed with HFs...will all of this come out?
Probably not. They would rather blame some "little guy" who was smart enough to see what was going to happen, 2 years ago.
Edit: DFV starts his testimony by stating, "I'm not a cat." Fricken legend.
I think Congress should stay out of it. If people want to make all these short term gambles on stocks going up or down then so be it...it's like going in the mosh pit, you might get punched in the face.
I think that trying to conflate this with regular investors is BS, they're longer term players.
The article I linked pretty much compares him to the guy that made huge money on the housing bubble and I agree.
The only attack angle the powers that be have would be to try to accuse him of pump and dump. Since I've not followed all of his postings etc. I'll let other people sort that out.
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