Game Stop stocks, shorts and a rigged system?

[WillJ8787]

Source:
https://www.bbc.com/news/business-55837519

Anyone watching what is going on?

The stock market is definitely controlled(rigged?) By large institutional investors and...

...who exactly is targeting companies with large short sale bets?
...then creating a market on reddit?

 

[CornusKousa]

Since it was just a fart on the boards....I've watched the whole thing, GameStop revolution is real baby!!

DO NOT SELL!!!

 

[WillJ8787]

I doubt you have any money down on this... chicken shits are all talk.

But, if you do, your behind on the news...chuckles!

I'm looking for a real opinion anyhow.

 

[CornusKousa]

I doubt you have any money down on this... chicken shits are all talk.

Bought 500 when it was at 72 bucks.

Yes I am risking my sequential gear box for the next race season......but burning Wall St. ass is worth it. I got my tendies off of COVID/Amazon..this is absolutely positively nothing but "Fuck you!!" money and I still might get paid on it

THIS is how you do a revolution son....pay attention because the shit storm from this is going to be epic. When the MAGA's and Progressives are joining up?

When AOC and other prominent progressives and the Trumpeters are echoing each other?

Ya'll establishment crony Pelosi/Biden/Clinton/Bush types are in deep shit....the Wall St. elites just got caught with their panties down and now they're about to get fucked.

But, if you do, your behind on the news...chuckles!

How do you figure???

I'm looking for a real opinion anyhow.

You're looking for "Dumb ass racist!! This is a terrorist insurrection against the Democratically controlled economy!! " confirmation bias while you lick Wall St./MSNBC boots.

Come on, shill for ol uncle Joe Biden and his buddies on Wall St!!! Pelosi and Chuck would never do you wrong...these progressive's and trumpsters are just rabble raisers. Low grade terrorist plebs who need protecting from themselves by the big hedge funds I MEAN ol' Uncle Joe, Mamma Pelosi and cousin Chuck....your best friends.

 

[RobDownSouth]

Bought 500 when it was at 72 bucks.

He didn't have $3000 to pay for movers to move his family from California to Minnesota last year, but he has $36,000 to speculate on GameStop.

 

[WillJ8787]

Info is everything

People love to brag

It's the ones that don't you should have worries about

Rob is probably right

I'm actually interested in an intelligent conversation on the topic but thanks for the info.

 

[Fuzzy1975]

Bought 500 when it was at 72 bucks.

Yes I am risking my sequential gear box for the next race season......but burning Wall St. ass is worth it. I got my tendies off of COVID/Amazon..this is absolutely positively nothing but "Fuck you!!" money and I still might get paid on it

THIS is how you do a revolution son....pay attention because the shit storm from this is going to be epic. When the MAGA's and Progressives are joining up?

When AOC and other prominent progressives and the Trumpeters are echoing each other?

Ya'll establishment crony Pelosi/Biden/Clinton/Bush types are in deep shit....the Wall St. elites just got caught with their panties down and now they're about to get fucked.



How do you figure???



You're looking for "Dumb ass racist!! This is a terrorist insurrection against the Democratically controlled economy!! " confirmation bias while you lick Wall St./MSNBC boots.

Come on, shill for ol uncle Joe Biden and his buddies on Wall St!!! Pelosi and Chuck would never do you wrong...these progressive's and trumpsters are just rabble raisers. Low grade terrorist plebs who need protecting from themselves by the big hedge funds I MEAN ol' Uncle Joe, Mamma Pelosi and cousin Chuck....your best friends.

So when did you make this grand “stick it to the man” investment?

 

[RobDownSouth]

Wow....I didn't expect to see AOC and Ted Cruz and Donald Trump Jr. all agree on ANYTHING.....

But today they each individually torched the decision of major brokerages to unilaterally restrict BUYING certain stocks...oh you could SELL them of course, because that would benefit hedge funds....

They all pointed out the obvious....the system is rigged against the little guy.

Wall Street gots some 'splainin' to do.

 

[phrodeau]

He didn't have $3000 to pay for movers to move his family from California to Minnesota last year, but he has $36,000 to speculate on GameStop.

He got extra stimulus cash because he claims all his plants as dependents.

 

[CornusKousa]

He didn't have $3000 to pay for movers to move his family from California to Minnesota last year, but he has $36,000 to speculate on GameStop.

1) The movers cost just under 9k, the family flew. I went back for the rare plants and vintage guitar collection because that's not something you let the knuckle draggers from Mayflower toss around.

2) It was 2 years ago.

3) It's not a speculation....it's a middle finger.

 

[CornusKousa]

So when did you make this grand “stick it to the man” investment?

On Monday, after I saw it was really happening.

When all sorts of people, left right and otherwise started joining. Some of these people re-mortgaged their homes and shit just to put every penny of "fuck you" they could muster into this. It was an inspiring thing to see develop over the weekend.

I didn't go so far as to put myself at risk....but I'm more than happy to put the race car on hold for a bit to do it. Shoving a 70 billion dollar dick up the scummiest hedge funds and manipulative platforms ass's?

Worth it.

Wow....I didn't expect to see AOC and Ted Cruz and Donald Trump Jr. all agree on ANYTHING.....

But today they each individually torched the decision of major brokerages to unilaterally restrict BUYING certain stocks...oh you could SELL them of course, because that would benefit hedge funds....

They all pointed out the obvious....the system is rigged against the little guy.

Wall Street gots some 'splainin' to do.

And the establishment scum R and D alike is awfully quiet.

We all know why

 

[Lazaran]

.
This is a classic pump and dump scheme and there's nothing noble about it.

Anyone who encouraged people to buy GameStop on Reddit's Wallstreetbets site can be subject to charges of manipulation by the SEC.

Normally it's difficult to prove, but if they have logs from Reddit that identify those pushing other people to buy certain stocks, it will make the job of proving manipulation a lot easier.

Unsurprisingly Creeping Charlie is exhibiting its sociopathic tendencies and gloating about its alleged involvement, going so far as to encourage others on this site not to sell GameStop shares.

Large brokerages, or individual day traders working in unison, should be subject to harsh penalties for blatant stock manipulation IMHO.

 

[CornusKousa]

This is a classic pump and dump scheme and there's nothing noble about it.

Except it's being done to the people who have been scheming that scheme on the American working/middle class for decades.

But don't let that stop you from licking Wall St. wingtips.
https://www.liveabout.com/thmb/HwZhZMc7tnO5N7-XgINXBb2Lots=/768x0/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-AA018530-5680337d3df78ccc159f06ad.jpg

Anyone who encouraged people to buy GameStop on Reddit's Wallstreetbets site can be subject to charges of manipulation by the SEC.

LOL.....so when do the hedge fund cronies get held accountable?

They crank fake news to fuck with the market and crush people...largely with the MSM's help.

But people talking on a forum is market manipulation....LMFAO!!!

I think AOC said it best.
https://pbs.twimg.com/media/Es0zhewXYAI89ss.jpg:large

Normally it's difficult to prove, but if they have logs from Reddit that identify those pushing othe people to buy certain stocks, it will make the job of proving manipulation a lot easier.

Unsurprisingly Creeping Charlie is exhibiting its sociopathic tendencies and gloating about its alleged involvement, going so far as to encourage others on this site not to sell GameStop shares.

Large brokerages, or individual day traders working in unison, should be subject to harsh penalties for blatant stock manipulation IMHO.

And I'm just one of hundreds of thousands if not millions.....how many is the Biden administration going to prosecute because the biggest spoiled brats on the planet got bested at their own game and caught trying to blatantly cheat their way out of it??

I can only hope the swamp monsters in DC are dumb enough to try that shit.

 

[RobDownSouth]

1) The movers cost just under 9k, the family flew. I went back for the rare plants and vintage guitar collection because that's not something you let the knuckle draggers from Mayflower toss around.

2) It was 2 years ago.

3) It's not a speculation....it's a middle finger.

/r/thathappened

 

[CornusKousa]

/r/thathappened

It did....despite your foot stamping and fantasies to the contrary.

Get over it.

 

[Lazaran]

.
LOL......

Creeping Charlie thinks I was referring to it when I said that those involved in the pump and dump scheme could be charged.

The irritating weed is a sociopath, but it's demonstrated repeatedly that it doesn't have the intelligence to organize a fart, much less a sophisticated investment scam.

Potted plants are really dumb.

*chuckles*

 

[Rockymtnman]

My 20 year old joined Robinhood and bought 5 shares when it was around $65. He just told me about how much money he’s made last week. Told him to sell. He didn’t listen. Now his shares are soon to be worthless. Good lesson for him.

 

[stickygirl]

Dunno why it's even interesting when Bezos and Musk earn those amounts every day

 

[icanhelp1]

It did....despite your foot stamping and fantasies to the contrary.

Get over it.

I can see Russians or Chinese manipulating hedge funds now that they found a weakness. Pick a loser and ride it through the ceiling. This may be the downfall for hedge funds. Fuck em!

 

[icanhelp1]

I hope these fund managers that shut down transactions get sued up the ass.

 

[WillJ8787]

Dunno why it's even interesting when Bezos and Musk earn those amounts every day

It's legalized beting, that's the appeal.

Gambling has always been a low character endeavor (look at any floor on any casino). Shorts are very dubious....it's a bet against success and a bet against Capitalism working in a lot of ways.

It isnt hard to see why scum is attracted to this Behavior and those on the other side just want in... scummy wanna be's.

Is this kind of situation dangerous to our Country....any country?

 

[stickygirl]

It's legalized beting, that's the appeal.

Gambling has always been a low character endeavor (look at any floor on any casino). Shorts are very dubious....it's a bet against success and a bet against Capitalism working in a lot of ways.

It isnt hard to see why scum is attracted to this Behavior and those on the other side just want in... scummy wanna be's.

Is this kind of situation dangerous to our Country....any country?

It's only dangerous if govts bale out the suckers who gamble 'professionally'

 

[LLCox]

I would not put a penny in this rigged stock market but I hope the Reddit traders rip the hedge funds a new asshole.

 

[freakyguy41]

I would not put a penny in this rigged stock market but I hope the Reddit traders rip the hedge funds a new asshole.

While it may feel empowering to rip the hedge funders and cause them to lose billions, at the end of the day, we need a regulated investment banking and stock market system which correctly values companies for investment. The wild swings will likely only serve to frighten people to withdraw their money from the stock investments and move it into real estate, gold, currencies, etc.

That said... it's rather interesting that fascist trump and his fascist supporters deregulated the investment banks... just as republican predecessors have done... which has enabled the very wealthy to pool their wealth and use it to wrongly target particular stocks... manipulating its prices to transfer vast wealth from the middle class small investors without working for or in any way "earning" their incremental wealth. The fascist trump supporters on lit are now crowing about their supposed gains and how they've personally beaten a manipulated system but, at the same time, they support and will malign anyone who suggests the wealthy have stolen wealth and the government shouldn't place any regulations on banking and business that might require truth and evidence and transparency.

Note... the idea that a gaming retailer's stock should be $ 380 a share... on it's face is simply ridiculous when it's real rational value as a business should be more on the order of $ 20 max. Bed Bath and Beyond... not likely to survive after COVID... is at $ 30+ up 80%+.

 

[RobDownSouth]

It did....despite your foot stamping and fantasies to the contrary.

Get over it.

You're getting to be on par with the legendary Lit market-timer himself, AJ the Magnificent, when it comes to regaling us with stories of financial windfalls you have made. Odd how these stories always come "after the fact".

Why don't you tell us what you're currently invested in, so we can see in real time how good your prognostication skillz actually are (or aren't).

To lessen your innate cowardice somewhat, I'll go first.

• Last week I purchased $3000 of Fidelity Emerging Markets Fund (FEMKX) at $47.70. This fund has large positions in the two competing Chinese payment systems (due for a rebound) as well as Alibaba. I'm thinking Biden's normalization of relations with China will increase value here.
• I also purchased $5000 of Barron Fifth Avenue Growth Fund (BFTHX) at $49.90. Very heavily weighted in technical heavyweights, which I feel still have tremendous upside.

I'm a buy-and-hold type guy (as opposed to a half-assed speculator like you), so I'll revisit this in a year.

Now why don't you share what stock or mutual fund positions you theoretically hold from your "research" over on Reddit? Unless, of course, you're too chickenshit.