Gamestop
 

I have nothing much to start a thread, but I know some of you must have some thoughts on this. I have no market experience, but my usual go-to links suggest it's a populist uprising against Wall St without pooping on police cars.

Am I wrong to side with the little guys (as usual)?

I would never have seen Gamestop as a center of controversy, of all things, I have to admit.

it is a war against the market manipulators and stock market shorters by playing their own game against them.

Isn't this what the hedge funds have been doing all along? Why the outrage now?

Because some hedge fund managers got a taste of their own medicine to the tune of $5B.

https://markets.businessinsider.com/...1-1-1030016596

David Portnoy of Barstool DESTROYS Robinhood for CHEATING
 

It was not just Robinhood, but also Ameritrade, Schwab, Interactive Brokers, TastyWorks....

and they did it because their clearing house(s) told them they must.



tomorrow will be interesting because many expirations expire and even people that put in option spreads were unable to liquidate because one side involved would be a buy.

Everything is exposed for the shitbag that it is.

Like I've TOLD YOU ALL FOR YEARS, if you ONLY KNEW THE TRUTH about EVERYTHING THERE IS TO KNOW in this world of ours, you'd be sitting in the corner, in shock, with your blankey and a thumb in your mouth, crying out for mommy.

And what we've seen lately over the past year or so is just a teeny, tiny little glimpse into the disgusting, seedy, immoral underbelly of this planet we live on.

Where they DO change the rules MID-GAME when the wrong people are losing.

That is pretty much spot on.

Tucker's got something to say about everything....

You guys gotta remember The Golden Rule, c'mon

The narrative these past few days has been the Reddit guys sticking it to the big and bad Wall Street hedge fund guys.

Has anyone given any thought to the possibility that the Reddit guys are (actually) being financed by the very same hedge fund type operators?

I have...been saying the whole thing smells.

I find it hard to believe they have enough people with enough money to get on board all at once to drive a single stock up like that....

Imagine trying to get enough horseplayers together to move the odds like the computer guys do in the last flash?

Not a perfect analogy by any means...but it takes a LOT Of money to move these guys off their shorts like that.

If it were this EASY to do...don't you think it would have been done by other hedge funds?

Or do they operate by a thieves' code so to speak...they don't hurt each other...and if they do hurt each other, they have to make it look like the public has banded together on reddit to get the job done...LMAO

Any serious questions, email Liz :coffee:

https://www.warren.senate.gov/newsro...amestop-trades

She's on top of it

Trust me...we aren't. I'm sure some are, but they would be from the bulls, not bears.

We are degenerates, just like on this message board, but play with stocks not horses.

These guys (hedge funds) got caught breaking the rules. They shorted more than 100% of the stock of GME. That's a naked short and illegal. B/C this is what can happen, uncapped loses IF the free market is allowed to play out. Which it wasn't. Wall Street called in their favors and got all of the trading platforms to limit trading for retail investors (i.e. the little guy)...but not the big firms. The little guys were only allowed to SELL, not to buy and HOLD. This effectively capped the upside (screwing us again) and locking in the hedge fund losses (bailing them out again).

Blatant market manipulation on the side of the financial institutions.

I've been a member of the WallStreetBets reddit group for a couple years. There were a couple thousand of us a few years ago and that number had grown to a couple million as of 2021. Unlike horse players - these guys post their actual bet slips. Six-figure wagers on margin calls are not uncommon on a daily basis. Collectively - there is a lot of firepower there. And fractional shares and non-commission trading has leveled the playing field somewhat. Small potato guys like me were able to get into the market with much smaller positions than what was possible even 5 years ago.

It does smell b/c you got a whiff of the reality of wall street.