Author Topic: Anyone enjoying these corrupt hedge funds getting a severe ****ering?  (Read 1890 times)

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Offline noisyturtle

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This is one of the most satisfying things to watch in years. So cathartic to see these pieces of **** panic when regular people use the exact same tactics they use to screw us. I'm lovin' it!

All I can say is if you have the money to spare get in on this. It's a stand. A revolution against the 1%
Buy and hold that line. Hold and hold till you crush Marvin to dust.

GME - AMC - NOK - BB are the bullets
Let those hedgies know you exist and you are not ok with how things are.

Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #1 on: Fri, 29 January 2021, 06:35:42 »
It's like that movie Ants.. we're the ants,  Hedgefunds are the Hoppers.

Online suicidal_orange

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #2 on: Fri, 29 January 2021, 06:36:25 »
Read about this on another forum yesterday - can't say I understand it but I love it, was the perfect way to end an already great day.
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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #3 on: Fri, 29 January 2021, 06:45:41 »
i do not understand anything about hedge funds but good i guess, as far as i understand those are money farms for the rich and wealthy, so hurting them is a rather good thing, but as i do not understand i can't be sure
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Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #4 on: Fri, 29 January 2021, 06:54:17 »
They bet that they would  be buying the stock back at a lower price than they sold it as a predatory move taking advantage of these dying companies to make themselves richer, but the higher the price goes without people dumping their shares, they need to pay back that much more. Then the hedge fundies cry foul because they claim regular joe is playing unfair, when this is the exact same thing they did to the public in 2008 but the roles are reversed and it's benifiting the public while hurting the rich.

When a billionaire finds loopholes to manipulate the market they get a giant bonus. When regular investors use the same tactic they claim it's against the unwritten rules.

Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #5 on: Fri, 29 January 2021, 07:37:43 »
Read about this on another forum yesterday - can't say I understand it but I love it, was the perfect way to end an already great day.

i do not understand anything about hedge funds but good i guess, as far as i understand those are money farms for the rich and wealthy, so hurting them is a rather good thing, but as i do not understand i can't be sure

Hedgefund Borrows a stock,  betting that it will go down in price in time,  then give back at a lower price, pocketing the difference.

This is the opposite of buy low sell high.    It's a normal operation, completely legitimate bet.

This small part of the process is not the problem.


The problem is At LARGE,  the hedgefunds and (MarketMakers) stack the deck against Retail investors (we the people/ wallstreetbets). They cheat via collusion w/ the government w/ each other..    They are the Casino that always wins.

Wallstreetbets, has found a small opening to take down -an arm- of the casino (Melvin Capital + few others).  They can't take down the whole system,   it's like breaking the Trump casino,  you don't kill the whole of Vegas.

And of course, the TEAM Casino is crying foul , and saying how WSBets is playing unfair, etc, etc.

Offline Darthbaggins

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #6 on: Fri, 29 January 2021, 07:58:25 »
Supposedly the SEC is getting involved in this, I find that hilarious as there has been nothing wrong done on the part of the regular person - no insider trading etc.  Just people on the internets recommending X stocks to buy etc.
I personally love this, the market needs some shake up as it needs it.  This is what Hedgefunder's get for pushing a stock down in price for their benefit and opens the eyes to alot of people on the market's tools.  I also plan on pulling/closing my accounts with Robinhood as well on this and go with who has been handling my main long-term shares I have w/ energy companies (shares my grandmother got for me when I was born).

Online jamster

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #7 on: Fri, 29 January 2021, 08:16:42 »
It is certainly interesting to watch, but I don't think it's only a small number of wealthy companies that are going to come out of this hurting. A lot of average Joes are going to be burnt holding piles of poo when the music stops.

Offline fohat.digs

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #8 on: Fri, 29 January 2021, 08:33:44 »

A lot of average Joes are going to be burnt holding piles of poo when the music stops.


This. It was fun as a brief lark, but in the end it is like a hundred ants attacking an elephant.

A good place for a real start would be to overturn the Great Republican Tax Scam of 2017 and replace it with something similar oriented in the opposite direction.
The problem is deeper than reporters asking tough questions of both sides, but the view of politics these questions reflect. Simply put, this view is the one that Trump rode to victory on and built his cult with.
Democrats and progressives want politics to be about policies that will help Americans and solve problems; Trumpists want to make politics about lies, insults, personalities and tribal warfare, so that the American people continue to believe that politics is just a sideshow that has nothing to do with their lives.
Journalists should hold politicians accountable on both sides of the aisle, but they should do so in substantive ways, not by asking irrelevant questions that look more like gotcha oppo research than substantive questions about policy. At a deeper level, the choices that journalists and media companies make right now will have an important impact on whether we as a nation are able to rise from the destruction of January 6th to revitalize our democracy, or to slide helplessly into fascism.
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Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #9 on: Fri, 29 January 2021, 08:34:24 »
It is certainly interesting to watch, but I don't think it's only a small number of wealthy companies that are going to come out of this hurting. A lot of average Joes are going to be burnt holding piles of poo when the music stops.

The reality is,  it's ALLL pooo. It's always been poo.

The only thing you really own is yourself, your previous meal, and the books you managed to read.

Everything else is poo.

Offline Sniping

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #10 on: Fri, 29 January 2021, 11:52:01 »
welp, i'm a few thousand dollars deep into gamestop, so maybe yall can live vicariously through my losses. it's been a wild ride the past few days, that's for certain.
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Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #11 on: Fri, 29 January 2021, 16:05:13 »

A lot of average Joes are going to be burnt holding piles of poo when the music stops.


This. It was fun as a brief lark, but in the end it is like a hundred ants attacking an elephant.

A good place for a real start would be to overturn the Great Republican Tax Scam of 2017 and replace it with something similar oriented in the opposite direction.


I mean that is exactly what BTC and all crypto is, just illusory poo. If you asked me 10 years ago if crypto would survive I'd say no way a made up currency will survive but now it's over $30k per coin.

Online jamster

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #12 on: Fri, 29 January 2021, 18:27:21 »
It is certainly interesting to watch, but I don't think it's only a small number of wealthy companies that are going to come out of this hurting. A lot of average Joes are going to be burnt holding piles of poo when the music stops.

The reality is,  it's ALLL pooo. It's always been poo.

The only thing you really own is yourself, your previous meal, and the books you managed to read.

Everything else is poo.


I'd say that there's vast benefits to society out of functioning capital markets, the problem is that they are now a beast that exist for themselves, with parasitic sharks at the top of the food chain.

This Gamestop thing though... on the one hand it's a great sideshow, and it really highlights some of the problems with the way the markets and regulations work.

On the other hand: I have done grad-level courses in finance, I've walked through exercises of how to price derivatives, I've worked around traders on global FX/commodities floors. I know exactly enough to realise I am not financially-minded at all, and am a total noob who should avoid this kind of craziness. The interweb commentary around all this absolutely horrifying... A tiny number of people probably have some idea what's going on, but otherwise it's largely the blind leading the blind, with snippets of wildly off base bluster in place of understanding.

Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #13 on: Fri, 29 January 2021, 18:44:41 »
On the other hand: I have done grad-level courses in finance, I've walked through exercises of how to price derivatives, I've worked around traders on global FX/commodities floors. I know exactly enough to realise I am not financially-minded at all, and am a total noob who should avoid this kind of craziness. The interweb commentary around all this absolutely horrifying... A tiny number of people probably have some idea what's going on, but otherwise it's largely the blind leading the blind, with snippets of wildly off base bluster in place of understanding.

Historical leadership has always had an informational advantage which then translated into a disproportionate resource allocation done by the limited human intellect within the ruling structure.. This was not to the benefit of all, and it was not exactly malicious, it's just humans being **** computers.

Internet changes that. Over time, they have to relinquish or it all goes down anyway.

We're at the clipping point of oligarchy. Communism, SOON.

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #14 on: Fri, 29 January 2021, 21:12:12 »
At this point if you don't have a few grand you're too late on most of the good ones, at least if you're in the U.S. as they have put so many restrictions on those stocks.

As for it not making a difference, it has.
All you have to do is see how hedge funders are reacting (panic and lies) and how the government is responding (it's legal by your own rules, sucks to be you), but more importantly look behind the scenes. Robinhood had to force sell off shares of users who bought on loan, the two main shorters of Gamestop had to accept a partial buyout from Robinhood, and even after all that Robinhood still needed a $1bil investment to keep afloat. The big hedgefunders claimed they got out before it completely screwed them, however they aren't required to tell the truth, the fact they had had to be bailed out, and then that company had to be bailed out tells you all you need to know about how bad this is hurting them. Is this hurting all of them, not directly, but it does have shorters quaking in their boots because this is their whole business model blowing up in their face.


Also, if you do decide to go for it, read up, get an idea of what all is happening and why and as always with gambling, and make no mistake this is a gamble, don't spend any you aren't prepared to lose. Especially here. MANY, MANY people doing this are YOLOing it and know they will probably lose this money. Contrary to those who may make money, most people will be losing money, they're just enjoying watching these people squirm. Be honest, Gamestop is not worth this much, everyone knows that, it's a meme. At some point it will come crashing back to earth and if you're the one holding the bag when it happens you will lose, just not as much as the hedge funders who shorted it.
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Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #15 on: Fri, 29 January 2021, 21:18:03 »
Also if the stock gets beyond a certain point no one will be able to cash out anyway

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #16 on: Fri, 29 January 2021, 21:21:07 »
Also if the stock gets beyond a certain point no one will be able to cash out anyway
I suspect this is why Robinhood had to do what they did.

They may face fines, as will a few others, but the fines are a pittance compared to what they stood to lose by doing nothing.
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Offline Sintpinty

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #17 on: Fri, 29 January 2021, 22:08:32 »
This is one of the most satisfying things to watch in years. So cathartic to see these pieces of **** panic when regular people use the exact same tactics they use to screw us. I'm lovin' it!

All I can say is if you have the money to spare get in on this. It's a stand. A revolution against the 1%
Buy and hold that line. Hold and hold till you crush Marvin to dust.

GME - AMC - NOK - BB are the bullets
Let those hedgies know you exist and you are not ok with how things are.

It really is satisfying seeing the top 1 percent lose their wealth

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #18 on: Sat, 30 January 2021, 02:27:58 »
So far they've lost $91Billion, yes, with a capitol B.


4 Hedge funds have lost 10-30% of everything they own.
The thing is, for these hedge funders who short is that they HAVE to buy if ordered or face paying really high interest rates, it's not like you deciding to buy, they borrowed stock, sold it and now have to return it, they can't just let it ride. The longer this goes, the higher it goes the harder it is to buy and the higher their interest rate. Which is why they're telling everyone it's over, sell your stock and go home, it's killing them. Worse, they aren't just dealing with normal investors, these are people with nothing to lose.

Also,
I don't think they understand the Streisand Effect, the more of a stink they make of this the more people pay attention, the more who pay attention and get informed the worse it will get. My understanding is if they they thought it was bad last week, wait until Monday. Current projections say it's going to be a blood bath and they already used most of their tools to try and reign in the problem.

Also, while the stock market as a whole has lost some money you have to remember it wasn't oh this person lost 1% and that person lost 1%, when things like this happen it tends to be this person lost 0.01, this person lost nothing, but the other guy lost 90%. So what's happening has probably not really effected 99% of investors but that last 1% have really taken a massive, massive beating. And considering what they do, I'm not sorry. They make it seem like they bet against the system, that's only a fraction of it. The larger ones have the power to beat these companies into the ground, so they do, they literally put the company out of business for the profit. Then someone like Mitt Romney who comes along (Bain Capitol) and scoops up what's left for pennies and parts it out. This is what those guys do, they kick the dog while it's down. They are not in stocks to help anyone but themselves, they are not job creators tehy are job destroyers. That isn't to say all short sellers do this, you can do it to just bet against someone but the bigger ones absolutely do, that was what they were trying to do to Gamestop when it was noticed how far underwater they were.


By the way, if you're looking to buy a high end luxury car, I hear there will be a bunch for sale come next week.
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Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #19 on: Sat, 30 January 2021, 02:39:53 »
Has Biden or Harris commented on this yet?

edit - nope not yet, press sec dodged the question. they'll have to say SOMETHING come Monday
« Last Edit: Sat, 30 January 2021, 02:43:04 by noisyturtle »

Online suicidal_orange

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #20 on: Sat, 30 January 2021, 04:48:51 »
Has Biden or Harris commented on this yet?

edit - nope not yet, press sec dodged the question. they'll have to say SOMETHING come Monday

What's to say if it's all legal?  I guess he could laugh, assuming he's not one of the losers...


One other thing I find amusing in this is that the fund is called Robinhood, the mythical figure who robbed from the rich to give to the poor.  Not surprised they were targeted.
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Offline iri

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #21 on: Sat, 30 January 2021, 06:23:14 »
4 Hedge funds have lost 10-30% of everything they own.
Ah, so that's what this thread is about.
(...)Whereas back then I wrote about the tyranny of the majority, today I'd combine that with the tyranny of the minorities. These days, you have to be careful of both. They both want to control you. The first group, by making you do the same thing over and over again. The second group is indicated by the letters I get from the Vassar girls who want me to put more women's lib in The Martian Chronicles, or from blacks who want more black people in Dandelion Wine.
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Online jamster

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #22 on: Sat, 30 January 2021, 06:38:27 »
Has Biden or Harris commented on this yet?

edit - nope not yet, press sec dodged the question. they'll have to say SOMETHING come Monday

I'd be happier if the top levels of government that are not directly related to the economy just stayed out of it. This is a great circus and personally enjoy that it's happening, but the government has way more important (both long and short term) things to really be focusing on.

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #23 on: Sat, 30 January 2021, 23:58:35 »
4 Hedge funds have lost 10-30% of everything they own.
Ah, so that's what this thread is about.
It's not as simple as  "Eat The Rich!" if that's what you're thinking.

I have no problem with someone earning money or even investors who properly invest in companies like the stock market intended, though I do think they should be paying more taxes than they do. I don't even mind shorters, there's nothing wrong with betting Apple stock will go down any more than it will go up, but that's not what these guys were doing. The main hedge funders behind this are using methods of questionable legality to drive down a business that is already on the brink just so they can personally make a buck. They don't just bet against the company, they work to wreck it completely and no one benefits from these guys other than themselves.

This time a bunch of little guys managed to catch them with their pants down around their ankles.
It's less David vs Goliath and more like Homer Simpson vs Mr Burns and for some stupid reason Homer has the upper hand for once.
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Offline fohat.digs

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #24 on: Sun, 31 January 2021, 08:30:53 »

I do think they should be paying more taxes than they do.


Bill Clinton, although he had high ideals and good instincts, was a complete **** at the feet of the financial markets, and the "deal with the devil" that he made to get some of his social agenda through cost the soul of the country dearly.

"Experts" pretend that "financial instruments" such as derivative trading are so complex that ordinary people cannot understand them - and so we should just stand aside and let the markets regulate themselves.

Nowhere else is the need for government regulation more desperately apparent.


The problem is deeper than reporters asking tough questions of both sides, but the view of politics these questions reflect. Simply put, this view is the one that Trump rode to victory on and built his cult with.
Democrats and progressives want politics to be about policies that will help Americans and solve problems; Trumpists want to make politics about lies, insults, personalities and tribal warfare, so that the American people continue to believe that politics is just a sideshow that has nothing to do with their lives.
Journalists should hold politicians accountable on both sides of the aisle, but they should do so in substantive ways, not by asking irrelevant questions that look more like gotcha oppo research than substantive questions about policy. At a deeper level, the choices that journalists and media companies make right now will have an important impact on whether we as a nation are able to rise from the destruction of January 6th to revitalize our democracy, or to slide helplessly into fascism.
– “Arizona Blues” 2021

Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #25 on: Sun, 31 January 2021, 09:26:00 »

I do think they should be paying more taxes than they do.


Bill Clinton, although he had high ideals and good instincts, was a complete **** at the feet of the financial markets, and the "deal with the devil" that he made to get some of his social agenda through cost the soul of the country dearly.

"Experts" pretend that "financial instruments" such as derivative trading are so complex that ordinary people cannot understand them - and so we should just stand aside and let the markets regulate themselves.

Nowhere else is the need for government regulation more desperately apparent.

The problem is unchecked hedonism and ignorance.

It doesn't matter how much regulation we put in place.   If people continue to eat animals the ecosystem will collapse.


Rich guys has a yacht, bad, we hate them absolutely. 

But 7 Billion people eating just 1 extra hamburger is millions of times worse.   

EACH HAMBERDER costs 660 Gallons of water to produce. That's 32 showers. 

We have to cut all around.  By all means blame the rich guy, they ARE the WORST,  but everyone has a small part, and the consumption of the populace is in far excess of the rich.

The public is as terrible as the people who are in charge,  if we keep kicking the blame ball back and forth, it goes no where.

PLANT BASED is the ONLY SOLUTION to all our troubles.   EAT VEGGIES TODAY.

Offline iri

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #26 on: Sun, 31 January 2021, 17:32:36 »
"Experts" pretend that "financial instruments" such as derivative trading are so complex that ordinary people cannot understand them
That's true.

and so we should just stand aside and let the markets regulate themselves.
The markets aren't regulated by ordinary people though.
(...)Whereas back then I wrote about the tyranny of the majority, today I'd combine that with the tyranny of the minorities. These days, you have to be careful of both. They both want to control you. The first group, by making you do the same thing over and over again. The second group is indicated by the letters I get from the Vassar girls who want me to put more women's lib in The Martian Chronicles, or from blacks who want more black people in Dandelion Wine.
I say to both bunches, Whether you're a majority or minority, bug off! To hell with anybody who wants to tell me what to write. Their society breaks down into subsections of minorities who then, in effect, burn books by banning them. All this political correctness that's rampant on campuses is b.s.

-Ray Bradbury

Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #27 on: Mon, 01 February 2021, 06:51:36 »
Gonna be a bloodbath in a few more hours I suspect.  :cool:

Online yui

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #28 on: Mon, 01 February 2021, 06:57:47 »
now that i understand a bit more i do worry about what will happen in a few days/weeks/months when those stocks will crash again, are they stupid or do they see the same thing coming and will just short it again as soon as the movement weaken, and so make a lot more money off of it... i guess the future will tell us.
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Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #29 on: Mon, 01 February 2021, 23:48:32 »
now that i understand a bit more i do worry about what will happen in a few days/weeks/months when those stocks will crash again, are they stupid or do they see the same thing coming and will just short it again as soon as the movement weaken, and so make a lot more money off of it... i guess the future will tell us.
That's why at least one has dubbed it all a pyramid scheme but that's pretty silly if you think about it, yes a few may get rich like a pyramid scheme, but the real rich involved in this story already lost tons money to the masses and not all of it will return. So a flat topped pyramid? Still seems better than a pointed one to me.


I think the hope is things will just settle slowly, but I doubt it, the hedge funders also seem to expect it all to crash since they doubled down on AMC and GME.
It's also why many are saying only spend what you can afford to lose.


Current situation is that it looks like they have sold off a lot of other stuff like Nokia and dumped it all back on more shorts, mostly on AMC and GME, so they are betting on a crash for those. However, looks can be deceiving, to people far better at this than me (I'm just a fellow ape) the numbers look like the only thing trading on AMC and GME is shorts (called a short chain or ladder) to drive it down as they can't actually buy longs (normal stocks) at the moment due to everyone holding and being too expensive. This allows them to keep the short going and can keep them from sinking further into a hole but only if the wave finally breaks, if everyone continues to hold they get stuck for even more debt than they did initially. In normal times this wouldn't be entirely stupid as a normal investor would usually have taken their profits and run however we're dealing with WallStreetBest (WSB) and WSB is not normal investors and this is not normal times.

A ton of AMC shorts come due tomorrow and even more is due wed, GME comes due wed and thurs. We saw what the last round did (53% of Melvin wiped out), another is about to hit, and they already started yet another. Them and friendly media (who they own stakes in) are trying to shift attention to silver and if you want to see an actual pyramid scheme in action there it is, the media helped them pump silver, claiming WSB is pushing it, it's not and is in fact warning against it. China bought it hook line and sinker and once it peaks, they will crash the hell out of it, even that will likely not be enough to make up for what they lost on American Airlines, Nokia and Blackberry, much less Gamestop and AMC. Meanwhile WSB has very much held the line on AMC and GME despite how it looks.

Remember these guys bought into GME at $5 or less expecting it to go down, so even $20 for GME is a a massive loss for them, so when it drops to $250 from $400 don't be fooled into thinking the game is over (it also tends to drop just before a skyrocket goes off). Same with AMC, these guys bought in at less than $1, so even $10 is a massive loss, it's not GME losses but it's still a massive hit and odds are they have a lot more AMC than GME, as do many WSB people because it's cheaper. That cheaper stock is also much easier for common people like me to let it ride, in the end AMC could actually do more damage than GME.


At any rate... I'm not an expert by any means, I'm an idiot following a bunch of other idiots who are probably following a bunch of other idiots. I will probably lose money but for me the entertainment and learning experience is worth what little I could lose.

edit: corrected a term
« Last Edit: Tue, 02 February 2021, 03:53:22 by Leslieann »
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Online yui

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #30 on: Tue, 02 February 2021, 02:04:48 »
still got no money to invest, with all that buying a house just before covid hit... but thanks for the explanation, and to be honest the longer we go the stupider they look, so hopefully my "fears" are unfounded :) and yeah WSB is an abnormality, but i was not seeing it as a pyramid scheme, but more as, well, a meme, not here to last long enough to do anything really but hurting the peoples participating in it, i do really hope i am wrong though.
vi vi vi - the roman number of the beast (Plan9 fortune)

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #31 on: Tue, 02 February 2021, 06:39:21 »
You're welcome.
I have no idea how it will go but if you can afford multiple shares at $200+ you can probably afford to lose a lot of that. I don't think most WSB people have full shares of GME, it's a lot of partial shares, this was a big part of why Robinhood was popular, you could do that. So not everyone holding GME is is in for thousands of dollars just a few.

The other thing to remember is (assuming they paid in cash), this isn't Vegas where if you lose the hand you lose everything in the pot, it's more like owning your home and it's paid off, even if the market takes a bad turn your home is still worth something, maybe not what you paid for it, but it still has value and with stocks you can tell your broker to sell or buy when it reaches a certain high or low point, further managing your risk. If WSB GME people are practicing what they preach everyone there is using spare cash (often their stimulus check), not their food and rent money for next month and I'm pretty sure most of them are not being stupid but there is always some.  Shorting is where the big risk is, and you absolutely can lose everything there as there literally is no bottom if things go bad.

Keep in mind, you can get into this whole thing for dollars or even pennies, as mentioned certain apps allow partial stocks but there are also stocks available for under a $1 called penny stocks, which is what AMC was when this whole thing started. It used to be you had to pay per trade or a monthly fee, that's no longer the case, you can trade for free now and there's really no minimum buy in so you don't need a bunch of money or put yourself at risk. There's a LOT of people on WSB who have a grand total of $5-10 invested, even on GME because of partial stocks.

Frankly, it's scarier from the outside looking in than it is from the inside looking out. I know that sounds odd with money on the line but by the time I got in I was more scared reading the legalese on the broker contract than I was actually making my first trade because it's a lot easier and less scary than you think to do the actual buy once you see what control you have. You absolutely can determine how much risk you want to take. The one warning I have though is if you have a gambling problem, make no mistake this is gambling, don't do it.
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Online yui

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #32 on: Tue, 02 February 2021, 07:02:57 »
to be clear i do not fear for my money, i do not care really, especially given how much i have right now (sarcastic, i am in negative every months lately) it is just about the grand scheme of thing, if it is just a quick fad, some rich will be hurt, but the 0.01% will get even richer, creating an even bigger gap, that is what i fear. if all of that is still going at the end of the month and that i am back in the green i may jump in but it has been 3 months in a row in the red pretty bad, so i will not hold my breath quite yet :)
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Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #33 on: Tue, 02 February 2021, 16:57:51 »
They are pushing this false narrative that Reddit is now all in on Silver, when if you visit the site literally no one is talking about going in on Silver.

Some fund just bought $800M more short shares, so they expect the public to "lose interest in our little game and move onto the next thing" so they can recoup their losses without losing a step. Let them lose a damn foot!
The current slump is artificial.

There's also something to be said for the entire group (WSB) calling themselves 'autistic retards' and labeling themselves as babies but if that's your tactic to paint yourself in **** to make the opposition think you're crazy than whatever. It's your image.  :rolleyes:
« Last Edit: Tue, 02 February 2021, 17:00:05 by noisyturtle »

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #34 on: Tue, 02 February 2021, 21:17:09 »
There's also something to be said for the entire group (WSB) calling themselves 'autistic retards' and labeling themselves as babies but if that's your tactic to paint yourself in **** to make the opposition think you're crazy than whatever. It's your image.  :rolleyes:
It's good legal cover.

If they come across as authoritative they can be sued, using memes saying they're dumb is actual legal protection, same as comedians and talk show hosts enjoy. If Dave Chapelle makes a joke and the stock market crashes was he responsible? Comedians get away with what they do because they are not to be taken seriously, there may be truth to what they say, but it's all done as a means to get a laugh.  Imagine going into a courtroom and claiming you lost money because of WallStreetBets, while that name hints that they offer stock advice the first thing the defense will do is show you the jokes and memes,  every single person on that jury is going to wonder why in the heck you took financial advice from a meme by someone named Dumb_F*cking_Ape_42069 and Apes_on_The_Moon6969*.

And if you think it would suck to try and fight that case, imagine being the CEO of Melvin and trying to explain to your investors.


*I have no idea if these are real users.
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Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #35 on: Wed, 03 February 2021, 09:05:30 »
As long as WSB continues to Diamond Hand, they (SHOULD) win.  But we don't know because the system is playing dirty..

It's actually pretty straightforward,  the hedgefund pays interest every day, until they cover, (buy back the shares they sold, which they do not own, (that's what shorting is), and they shorted more shares than exists. ).


The reason the whole system is laticed against WSB, is because 1, to send a message, we hate you,  2 , because if very large hedgefunds have to Liquidiate to cover,  That will send shockwaves through the market, outcomes of which no one can predict.

For example, 400 billion dollars put into the market could have 4 Trillion net effect on value.   Any time you pull on these levers,  if there is enough movement, it sets off reactions.

The unpredictability is what the RICH who owns everything is trying to prevent.  But again, the play on WSB's end is straightforward and simple, HOLD, and if ballsy enough, buy m0ar g1mshta(K.


Overall, the risk isn't that it's a wrong financial decision, it's that the system is deliberately cheating the winners here.

We don't know how this will turn out, will it go through the courts, will they just let a few of these hedges lay down. 


This is not financial advice,  this is just a simplified description of what's happening.





Structurally, there are alot more forces at play than the size of the losing Hedgefund, that's why there are so many parties involved.

If it was the case that they could just pay 90Billion dollars, they would, that's nothing, what they don't want is a market shockwave.

A huge issue being debated now is how to divvy up the users post event,  Fidelity / Vanguard  are getting boosted right now ,  the other houses don't like that ,  So they're working it out,  how to save face,  how to save users.    At the end of the day,  their goal is that the users continue to gamble and play on their network.

The crisis for them is, all of a sudden people are only gambling or planning to only gamble at specific casinos, forsaking the rest of the las vegas strip.


Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #36 on: Wed, 03 February 2021, 18:00:02 »
Curious to see RH's SB ad after they halted the market, then only allowed sell calls for daddy Citadel. It all seems so very illegal. 
The irony of how RH bills themself after their namesake is lost on no one.

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #37 on: Wed, 03 February 2021, 20:52:40 »
Robinhood is now subject to an SEC investigation, a House of Reps investigation and a class action lawsuit is in the works. Users also tanked their Google Play rating again and WSB is pushing people away from it.

They're also rumored to have serious financial troubles.
If they survive all of this, I doubt it will be the same company emerging out the other side.
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Offline fohat.digs

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #38 on: Wed, 03 February 2021, 21:29:52 »

Robinhood is now subject to an SEC investigation, a House of Reps investigation and a class action lawsuit is in the works.


I have not actively followed this, just skimmed the headlines with mild curiousity.

Is there a simple explanation of what they did "wrong"?

It seems like people are taking profits and hits according to the standard machinations of the system, apparently with proper knowledge and disclosure.
The problem is deeper than reporters asking tough questions of both sides, but the view of politics these questions reflect. Simply put, this view is the one that Trump rode to victory on and built his cult with.
Democrats and progressives want politics to be about policies that will help Americans and solve problems; Trumpists want to make politics about lies, insults, personalities and tribal warfare, so that the American people continue to believe that politics is just a sideshow that has nothing to do with their lives.
Journalists should hold politicians accountable on both sides of the aisle, but they should do so in substantive ways, not by asking irrelevant questions that look more like gotcha oppo research than substantive questions about policy. At a deeper level, the choices that journalists and media companies make right now will have an important impact on whether we as a nation are able to rise from the destruction of January 6th to revitalize our democracy, or to slide helplessly into fascism.
– “Arizona Blues” 2021

Offline Leslieann

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #39 on: Thu, 04 February 2021, 22:11:47 »
I have not actively followed this, just skimmed the headlines with mild curiousity.
Is there a simple explanation of what they did "wrong"?
It seems like people are taking profits and hits according to the standard machinations of the system, apparently with proper knowledge and disclosure.

At the time that Gamestop was expected to go "to the moon", Robinhood, who facilitated most of the GME buying suddenly disabled the GME buy button but left the Sell button fully functional. If no one can buy, the price goes down, once it fell low enough the short sellers bought what they needed.

In his box is at least partial rumor an hearsay but seems to be backed up by news articles.
More
Robinhood claims they had to do this as per SEC rules, however not everyone did this, in fact other trade facilitator who did only did it did so only for a very short time. It later came out the Melvin and the other major hedge fund who took major losses had turned over parts of their company to Robinhood to cover losses.  Later it turned out Robinhood had traded part of their company to Citadel, who facilitates Robinhoods trades as Robinhood was not in good financial standings by that point.

Were they following the law, maybe, it's way over my pay grade. They do have to cover those trades somehow and something has to happen when they can't but it seems awful shady to be in bed with the very same companies who stood to gain by them doing this.


There are also some very big questions regarding other things that happened in the last week.
Almost all the major stocks that were shorted followed a repeating pattern, spookily precise, especially GME and AMC. Peaks and valleys lined up almost exact over long periods. The other thing that was odd was the big short didn't happen. Regardless of Robinghood's antics there should have still been a short based on the numbers, instead of going up, the bottom fell out. Yes, some people may have taken their money and ran, but usually when there is high demand and  low supply prices go up, demand was high, supply was low and yet the price came crashing down. Why? Again I suspect the fines for manipulation were less than the price of playing by the rules.
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Offline cmadrid

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #40 on: Fri, 05 February 2021, 06:45:11 »
Just don't get fooled into trying that trick with silver like they were talking about on the news the other day.. you can't buy all the silver from the old rich people ;)

Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #41 on: Fri, 05 February 2021, 06:52:16 »
Silver is also an industrial metal, they play a much larger role in the pricing.

Offline noisyturtle

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #42 on: Fri, 05 February 2021, 07:50:21 »
This entire time part of me felt this whole thing last week was orchestrated by the WSB mods to rile users up so they could sell high. Then it became international news and they couldn't back down and had to act like it was for some cause. The more people they tricked into buying GME the deeper the hole of lies they dug themselves. I'd be very interested to see how many of the WSB mods are still holding, or were even holding as of last Friday.

Offline tp4tissue

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #43 on: Fri, 05 February 2021, 08:03:22 »
This entire time part of me felt this whole thing last week was orchestrated by the WSB mods to rile users up so they could sell high. Then it became international news and they couldn't back down and had to act like it was for some cause. The more people they tricked into buying GME the deeper the hole of lies they dug themselves. I'd be very interested to see how many of the WSB mods are still holding, or were even holding as of last Friday.

It's a bit of both.

We know the big houses cheat, that's the whole premise of a casino,   now that it's in the open, only by breaking things are we able to observe and improve.

Offline fohat.digs

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #44 on: Fri, 05 February 2021, 08:14:25 »

I suspect the fines for manipulation were less than the price of playing by the rules.


Thank you, that clears it up somewhat. I was surprised, but shouldn't have been, that Robin Hood was playing both sides.

Your last sentence is all too true throughout our society.
The problem is deeper than reporters asking tough questions of both sides, but the view of politics these questions reflect. Simply put, this view is the one that Trump rode to victory on and built his cult with.
Democrats and progressives want politics to be about policies that will help Americans and solve problems; Trumpists want to make politics about lies, insults, personalities and tribal warfare, so that the American people continue to believe that politics is just a sideshow that has nothing to do with their lives.
Journalists should hold politicians accountable on both sides of the aisle, but they should do so in substantive ways, not by asking irrelevant questions that look more like gotcha oppo research than substantive questions about policy. At a deeper level, the choices that journalists and media companies make right now will have an important impact on whether we as a nation are able to rise from the destruction of January 6th to revitalize our democracy, or to slide helplessly into fascism.
– “Arizona Blues” 2021

Offline alphanoob

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Re: Anyone enjoying these corrupt hedge funds getting a severe ****ering?
« Reply #45 on: Thu, 11 February 2021, 11:53:58 »
Of course :)