Discussion Game Stop Stock Short Squeeze

[senseamp]

I wonder if GME is going to do a stock offering into this insanity. That would be a smart move for them.

 

[BoomerD]

I'm always happy to see short sellers and hedge funds take a good fucking...but I suspect the taxpayers will, somehow or another, be on the hook to bail them out. It's just the way it works.
Wall Street privatizes its profits, socializes its losses.

 

[cytg111]

Probably what Elon intended with his tweet too .. to kick some shorters in the teeth.

 

[Pipeline 1010]

This is so beautiful to watch! Fuck the hedge funds that routinely manipulate the market and use their positions to make overly risky bets. They don't like it when you play by their own rules. All the Reddit people did was take advantage of a horrible choice... tough luck billionaires. Unfortunately they also have enough sway to shutdown trading but I think the point was made.

The point being made has yet to be seen. If these hedge funds find a way to weasel out of their impending losses, then the point made was "the common folk can't ever fuck with the big boys" and they will be further emboldened to keep up their shit. If one or more of these funds loses everything, then the point made was "quit your shit" and they may be forced to listen for a while. At least until they can recover from their bankruptcies and start brand new hedge funds (with different names) that do the same exact things.

There will be no "inbetween" point made, where these hedge funds stay in business, but are contrite and humbled and will now do things "the right way" because they have been shown the moral error or their ways. The second this doesn't implode on their face, they will be shorting 150% of the next target struggling corporation's stock and make billions more driving that company into the ground. And they will feel just fine about it. Same as they feel now.

 

[Leeea]

It is said:
That these funds used the discrepancies between digital and paper records to "legally" naked short.
Naked shorts are supposed to be illegal, but they found an unethical loop hole so there is now more game stop stock shorted then exists.

If the above is true, some people just became very wealthy off the backs of the criminals.

 

[fskimospy]

Also everyone does realize that at some point this stock is going to crash and a lot of regular people are going to get screwed, right?

 

[PingSpike]

I'm always happy to see short sellers and hedge funds take a good fucking...but I suspect the taxpayers will, somehow or another, be on the hook to bail them out. It's just the way it works.
Wall Street privatizes its profits, socializes its losses.

Yeah, I suspect if we get any regulation it will be focused on fucking over individual investors so that hedge funds can go back to their old game of not having to pay out when a 10,000% bet goes wrong on them. That's if they don't use some shenanigans to weasel of it. Remember they own a bunch of congress critters and have friends in high places. One of the hedge funds already lent a bunch of money to Melvin so they could stay alive.

 

[sdifox]

Also everyone does realize that at some point this stock is going to crash and a lot of regular people are going to get screwed, right?

Or they can sell now and reap the rewards. If you are talking about the employees, well point the finger at short sellers that shorted 140% of float stock available.

 

[fskimospy]

Or they can sell now and reap the rewards. If you are talking about the employees, well point the finger at short sellers that shorted 140% of float stock available.

They can in fact sell now and reap the rewards, but that doesn’t change the fact that in the end a lot of regular people are going to lose a lot of money on this stock.

 

[sdifox]

They can in fact sell now and reap the rewards, but that doesn’t change the fact that in the end a lot of regular people are going to lose a lot of money on this stock.

What regular people? The ones that jumped on the short? No one held a gun to their heads. Hedge fund clients are not regular people.

 

[fskimospy]

What regular people? The ones that jumped on the short? No one held a gun to their heads. Hedge fund clients are not regular people.

The regular people who have been buying shares of GameStop for the last week or so.

I mean how do you think this all ends? Eventually there’s going to be a large movement to get out of the stock because everyone agrees it has little value. When that movement happens the price is going to crater and everyone is going to try to sell, but who would they be selling to and who is going to buy? Nobody.

So yes, people who cash out now will make a lot of money, and good for them! There will be a lot of regular people who do not do this though, and they are going to lose a lot of money.

 

[sdifox]

The regular people who have been buying shares of GameStop for the last week or so.

I mean how do you think this all ends? Eventually there’s going to be a large movement to get out of the stock because everyone agrees it has little value. When that movement happens the price is going to crater and everyone is going to try to sell, but who would they be selling to and who is going to buy? Nobody.

So yes, people who cash out now will make a lot of money, and good for them! There will be a lot of regular people who do not do this though, and they are going to lose a lot of money.

The people buying stock now can get out if they want to. They decided it is worth the risk, no one forced them to jump into it. Buying GME right now is purely speculative and well there are consequences when you bet wrong.

And if you are shorting now, you are insane.

 

[fskimospy]

The people buying stock now can get out if they want to. They decided it is worth the risk, no one forced them to jump into it. Buying GME right now is purely speculative and well there are consequences when you bet wrong.

Okay so what are you disagreeing with?

 

[sdifox]

Okay so what are you disagreeing with?

no regular folks in the market is being hurt, only greedy shorters. And since the shorters took out 140% of float, there will be a buyer for a stock. Unless those fuckers pull some other illegal move.

 

[fskimospy]

no regular folks in the market is being hurt, only greedy shorters.

But we agree that when this all ends regular people will be hurt, right?

 

[sdifox]

But we agree that when this all ends regular people will be hurt, right?

Anyone that bought GME in the last week or so are gamblers. That is not a regular investor. And if you bought at 250 and sell at 100 your loss is 150 per share. The hedge funds though shorted it at $4 and margin call will happen soon, I think first group is Friday. I don't quite buy Melvin Capital got out of the short safely yet.

 

[fskimospy]

Anyone that bought GME in the last week or so are gamblers. That is not a regular investor.

Whether or not they are ‘regular investors’, whatever that means, they are in large part people without tons of money.

I will shed exactly zero tears for shitty hedge funds blowing up. I’m also happy for those regular people who will end up cashing out and truly making a lot of money. Good for them! There are going to be a lot of people just like them who lose it all though, and we should be aware of that.

 

[sdifox]

Whether or not they are ‘regular investors’, whatever that means, they are in large part people without tons of money.

I will shed exactly zero tears for shitty hedge funds blowing up. I’m also happy for those regular people who will end up cashing out and truly making a lot of money. Good for them! There are going to be a lot of people just like them who lose it all though, and we should be aware of that.

I am still failing to see the particular group of people you are concerned about. If you cannot afford to lose the money don't bet on high risk stocks. Simple as that. I have no sympathy for gamblers.

 

[fskimospy]

I am still failing to see the particular group of people you are concerned about. If you cannot afford to lose the money don't bet on high risk stocks. Simple as that. I have no sympathy for gamblers.

People are buying into a frenzy and a bunch of them are likely currently making a bad financial decision. People make mistakes, and I have sympathy for people who make mistakes.

 

[sdifox]

People are buying into a frenzy and a bunch of them are likely currently making a bad financial decision. People make mistakes, and I have sympathy for people who make mistakes.

I would rather save my sympathy for the people struggling financially due to pandemic and not the people with free money on hand to play in the market.

 

[Roger Wilco]

Per WSB, it seems a lot of people are buying GME with no intention on actually making money. It's literally yolo fuck the man.

 

[fskimospy]

I would rather save my sympathy for the people struggling financially due to pandemic and not the people with free money on hand to play in the market.

The good news is that since sympathy is free you can do both!

Regardless, I bet you a bunch of them are the same people. Sometimes the person putting $10k on the roulette table is a high roller with money to burn. Other times the person putting $10k on red is a desperate person who sees no way out.

 

[fskimospy]

Per WSB, it seems a lot of people are buying GME with no intention on actually making money. It's literally yolo fuck the man.

I sincerely doubt the average person buying GME stock is doing it with the intention of losing money.

 

[snoopy7548]

You'd think these hedge funds would understand the risks of trading options since, you know, they can be very substantial due to the nature of options and the volatility of the market.

In other words, don't hate the player, hate the Game(stop).

 

[sdifox]

You'd think these hedge funds would understand the risks of trading options since, you know, they can be very substantial.

They got used to being the winners. Fucking owner class stopped the trade and now SEC is looking at WSB. Where were they all these years of hedge funds breaking laws?