GameStop Taking Down A Hedge Fund

[Red Phoenix]

 

Funny how it works out for the hedge funds again isn't it? So if Gamestop is left to fall in value and the hedge funds win because the apps blocked people from even fighting against them, the battle against the elites is left to emerge somewhere else in the future with people even more pissed off at this broken system.

 

The shorting of companies by the hedge funds is left to observe, don't go taking part in it or your apps will suddenly desert you.

 

Reminds me of that quote that was supposed to be from Karl Rove :

 

"We're an empire now, and when we act, we create our own reality. And while you're studying that reality—judiciously, as you will—we'll act again, creating other new realities, which you can study too, and that's how things will sort out. We're history's actors...and you, all of you, will be left to just study what we do"

 

But as they carry on fleecing and depriving the masses they risk having the stage they act on being torn down and destroyed. And if that happened in some way it'd all be the fault of the angry plebs obviously, got to deflect and place the blame elsewhere.

 

Scum.

[Mudface]

4 minutes ago, Jairzinho said:

So basically for regular folk they can either invest loads, dump early enough, and make loads of money, or just buy a tiny amount an join in cunting hedge nonces in the bastard in the knowledge you might end up losing a few quid. 

 

 

From reading around, it seems a lot of them are in for the latter, they're not too concerned about potentially losing a few hundred dollars, they just want to give 'the man' a good kicking. There are enough of these people to make it a viable strategy, along with people with more serious amounts to invest who can make a bit of a killing.

[M_B]

24 minutes ago, Jairzinho said:

So it isn't at the expense of regular folk then. 

It's down 65% today so far.

 

So yes, some regular folk are well out of pocket. That was my point.

[Red Phoenix]

 

[Jairzinho]

5 minutes ago, Mudface said:

From reading around, it seems a lot of them are in for the latter, they're not too concerned about potentially losing a few hundred dollars, they just want to give 'the man' a good kicking. There are enough of these people to make it a viable strategy, along with people with more serious amounts to invest who can make a bit of a killing.

Yeah, seems that way. To be honest, I'd happily chuck away fifty quid if you could guarantee a multi millionaire hedge fund cunt was having to rummage around bins for his tea the following day. 

[Red Phoenix]

 

[SasaS]

54 minutes ago, 3 Stacks said:

Also, Gamestop has a right to exist. Are they such a dinosaur that 140% of their stock should get shorted like it did? No. That's ridiculous.

Shorting Gamestop shares is not going to deny them the right to exist. It only hurts shareholders holding stock at inflated prices, or investors with margin calls. Unless of course Gamestop holds a lot of its own stock as collateral for loans.

[Red Phoenix]

It's going back up again, people from all over the world are helping now. You can see some of them in the replies here :

 

 

This is fucking amazing.

[3 Stacks]

17 minutes ago, SasaS said:

Shorting Gamestop shares is not going to deny them the right to exist. It only hurts shareholders holding stock at inflated prices, or investors with margin calls. Unless of course Gamestop holds a lot of its own stock as collateral for loans.

You know what I mean. It depresses the stock price, market value, etc. These people talk crap about companies to drive prices down. It's hurtful to these companies.

 

It's shades of grey type stuff and sometimes companies are doomed to fail, and yeah, there's nothing inherently wrong with shorting, but when you double and triple down with your greed and short 140% of a company's stock, that's low behaviour. It just is. And these clowns got caught with their hands in the cookie jar.

[Red Phoenix]

GameStop is for now, too big to fail. The people of the world have decided.

[TheHowieLama]

Hold my beer.

[M_B]

15 minutes ago, Red Phoenix said:

It's going back up again, people from all over the world are helping now. You can see some of them in the replies here :

 

 

This is fucking amazing.

haha - it has recovered to -18%

 

 

You can follow it in this link if you are interested

 

https://www.marketwatch.com/investing/stock/gme?mod=over_search

[Red Phoenix]

10 minutes ago, M_B said:

haha - it has recovered to -18%

 

 

You can follow it in this link if you are interested

 

https://www.marketwatch.com/investing/stock/gme?mod=over_search

 

Thanks, have just been refreshing the shit out of the google page for it (i've now realised it refreshes itself regularly too). I've got to leave the pc for a bit shortly anyway though, hopefully it stays up.

[SasaS]

This looks more like something out of Billions than October Revolution. Somebody noticing that a hedge fund was overexposed and deciding to whip up a frenzy to screw a competitor over? It seems to be more directed at the hedge fund and much less to do with Gamestop.

[Anubis]

1 hour ago, Jairzinho said:

So basically for regular folk they can either invest loads, dump early enough, and make loads of money, or just buy a tiny amount an join in cunting hedge nonces in the bastard in the knowledge you might end up losing a few quid. 

 

 

That’s about the long and, er, short of it.

[Anubis]

59 minutes ago, Jairzinho said:

Yeah, seems that way. To be honest, I'd happily chuck away fifty quid if you could guarantee a multi millionaire hedge fund cunt was having to rummage around bins for his tea the following day. 

A man after my own heart.

[Rico1304]

2 hours ago, 3 Stacks said:

Yeah, that's the stock market. Some people will do the wrong thing, hold on too long and lose. Also, some other guy made 14 million dollars and there are people paying off their mortgages with the money they've made here. So, swings and roundabouts.

How much did he have to invest to make £14m?

[TheHowieLama]

2 minutes ago, Rico1304 said:

How much did he have to invest to make £14m?

25k usd allegedly.

 

To sum this up - folks who had alot of money a couple days ago still do.

 

Most folks who didn't have alot of money and kicked in a couple hundred still don't and are out a couple hundred.

[Red Phoenix]

 

[Brownie]

2 hours ago, Jairzinho said:

Yeah, seems that way. To be honest, I'd happily chuck away fifty quid if you could guarantee a multi millionaire hedge fund cunt was having to rummage around bins for his tea the following day. 

Where do I sign up?

[Brownie]

1 hour ago, M_B said:

haha - it has recovered to -18%

 

 

You can follow it in this link if you are interested

 

https://www.marketwatch.com/investing/stock/gme?mod=over_search

30% down now.

[Pidge]

Get stuck in!

Fuck 'em up!

[Red Phoenix]

They've been holding steady mostly for the last two and a half hours now, just 30 mins left to see another day out.

[Red Phoenix]

 

[Kepler-186]

 

This might be of interest to some. 

 

 

https://thenextrecession.wordpress.com/2021/01/28/stop-the-game-i-want-to-get-off/