triplesees
74476
2359
56
Jan 29, 2021 7:29 PM
triplesees
74476
2359
56
Urgalicity
I have read very few things that have made me this happy.
Stealthykai
I got ? ?, It ain't about the money anymore, it's about the message, HOLD THE LINE
twisteddkarma
Iainthavinthatshit
I haven't seen a text with this many words I hadn't heard before since I started learning English some 20 years ago.
SirDistic
GME shares are like TP on the shelves. Capital bet that there'd be a set # of rolls on the shelves today. Reddit emptied the shelves. LOL
IFoldlyGo
Here is the youtube link - https://www.youtube.com/watch?v=EH1EtiOhr6o
tigrgurl212718
Was that explanation meant for lay folk? Sure didnt make sense to me
SigynRose
.
xstickman
I tried to make a Crypto exchange account to buy some Dogecoin for lulz, and none of the sites work; I literally cannot create an account.
LordElups
Revolut app works but doesn't have dogecoin. You can buy GME and AMC stocks, and some crypto like Ether and Bitcoin.
NiceLegsDaisyDukesMakesAMAAANOUTOFYOOOUUUU
NagateTanikaze
I'm not getting a word of it but yay for the people
DavinciNow
Life as we know it is about to change, again.
ElDudorino
If this was watered down, it was still over my head because the gamma ray short value superceded the jaeger bomb up thrust nominal value
twozerooz
You should write a Reddit post with terms like that. People will absolutely think you're an expert no question.
mvnash9000
Hell, if my wife’s boyfriend can understand it, anyone can! TLDR - hold and don’t panic sell fuckers. They’re trying to scare you. HOLD ?
dasoffendor
peppermintgal
This looks like nonsense. Capitalism isn't going to be overthrown by a hedge fund going bankrupt.
FellsApprentice
This is capitalism. It's just that now the rich can't hide behind regulations this time
HereIsThere
Objectively, couldn't this be considered market manipulation?
betteroffspeedskating
It absolutely is, and it’s going to burst real quick and retail buyers are going to be left holding the bag.
Dakan
twozerooz
Actually it's all incorrect. As a general rule of thumb, for every 1 knowledgeable Redditor, there's 10 kids playing pretend.
idiotsonfire
Checking in three years later. Did you guys win, or did you remain totally fucking irrelevant?
Randinette
????????????
EnochNek
Why would you make that bet see if i care about infinite pressure make them pay anyways why would you ever put yourself in that position
LAMovieDesign
Is this going to hurt my 401(k)? Honest question.
bdw9714
Yea probably a little; other stocks will be sold to cover losses and that'll cause those socks to drop in value.
CGWN
Traders are kind of distracted by the GME situation, but unless the market as a whole get new restrictions as a result it won't impact 401ks
CGWN
The market could also drop precipitously, but that's been coming for a while and it will rebound eventually if it does.
SevenHundredAngryBees
Not really. Most retirement vehicles are in long positions and fixed income instruments. This whole thing is going to 1/?
SevenHundredAngryBees
screw a few hedge funds, then when the redditors eventually sell off, the stock price will go back where it should be. 2/?
SevenHundredAngryBees
Some people will get a profit from it, some people will lose a little. But your 401(k) is probably untouched, long term.
mrmelancholy
A small irritant for current volatility, but it’ll be fine in the long run. Current high valuations for large corps is troublesome though
CGWN
Yeah, there's a real chance that this will eventually lead to the pullback we've all been waiting for over the last few years.
twozerooz
Directly not even a blip. The biggest concern here is people just like you not understanding what's going on and panic selling
LAMovieDesign
People just like me? I’m an Art Director at an ad agency with a BFA degree. I’m not trying to buy or sell anything. Fuck off, dude.
twozerooz
Exactly. And even YOU'RE irrationally concerned about your investment. Big potential for lots of irrational panic selling.
ImAFoxButNotReally
So you're saying that we can break the banking system if all of us, poor people, withdraw all our money from the bank accounts?
Rivalyn
It's a sad truth that, for quite a lot of people, their money is safer in their mattress than it is in the bank.
ImAFoxButNotReally
It was for argentinians in 2001.
twozerooz
Yes, specific countries in a handful of years. For the rest of us, keeping your cash in a bank is the smart thing. This is especially
twozerooz
True for most developed countries whose governments guarantee their bank deposits.
twozerooz
This is patently false.
twozerooz
No. This post is fanfic with no basis in reality. E.g. "infinite squeeze" isnt a thing. Even Google shows the term only exists on Reddit.
MikeAzuka
While I don't disagree, why would there be info on Google about this if it's never happened or even been considered before?
twozerooz
A short squeeze is not a new concept.
LarvaLamp
One thing I haven't seen mentioned through this whole thing: how is this affecting Game Stop itself? Good? Bad? Is it just being pulled >
asexualerotica
Well, the company was going under anyway. That's why the hedge funds had shorted the stock. They knew its value would decrease.
JingleMyKeysHomeboy
Game Stop is basically a toy store that dabbles in being a pawn shop... They're probably still doing poorly.
LarvaLamp
I wonder if they're shifting focus to their Think Geek retail stores.
JingleMyKeysHomeboy
Could be! Trinket store.
mesogiria
I don't know about Gamestop, but AMC was able to raise $300 million by selling off more of their stock, which might help them survive.
LarvaLamp
gingernuts4me
More like pensions. Most pension schemes are invested with a mix that includes hedge funds. So it depends how close to retirement you are
gingernuts4me
If you’re far from retirement, pump money into your pension when the market tanks. If you’re not, you’re shit out of luck
CGWN
GameStop's going to be unaffected, or may benefit slightly. There's a chance that people could lose retirement money if they're investing
CGWN
with the hedge funds that shorted GameStop, but on a moral level companies that tank other businesses shouldn't be your retirement provider.
Cax6ton
Gamestop's share price can be used as collateral for loans, so it can help them by giving them options but it isn't a magic bullet
Cax6ton
The squeeze on AMC actually DID help that company because it wiped out some debt they had as convertible options.
Cax6ton
Conversely, shorting a company hurts them for the same reasons, it makes their debt load bigger and harder to borrow any capital.
Imalwaysready
No one will take artificially inflated stock as collateral
Cax6ton
Not at face value, no. But they don't need it to stay at 300. And execs with options or shares could cash out and use it as capital.
Cax6ton
They dont have the brains or guts to take advantage of the little bit of leeway they have, but there is more leeway than when it was $4.
Imalwaysready
Still engaging in a lot of really shitty on-the-ground business practices and low employee pay, near as I can tell.
AngryGraphicDesigner
No one gets to say free market economics. The invisible hand would have let the squeeze happen.
FellsApprentice
This is absolutely free market economics in action. No one should be too big to fail. They bet, they lost. 1/2
FellsApprentice
The redditors took advantage of the situation. That's free market capitalism.
OrangeFlavours
Like the 3rd time this hit the front page and still [citation needed]. This is just a take by a random wsb member, its not particularly true
betteroffspeedskating
This a web fever dream. Wall Street is chuckling at this. Melvin had a small put that expired worthless last week.
Dasnekones
https://youtu.be/4RS4JIEVyXM the part about the market freaking out is true
twozerooz
Economist here. None of this is true. It's pure fantasy.
betteroffspeedskating
Thank you for this. The misinformation around this is staggering. Lot of people are going to get hurt
OrangeFlavours
Absolutely. Tons of people are being misled into investing too, when at this point the risk is so high it's nearly gambling.
saysomethingcool
Of all the things on the internet, I hope this is the truest!!
twozerooz
It isn't. It's complete an utter nonsense.
thorrakistaken
It’s not.
saysomethingcool
BernieKl
No, it’s the clearing houses that the brokerages used that have a liquidity issue. They have federally mandate reserve cash minimums
thorrakistaken
Close - it’s that the clearinghouse didn’t want to risk having a liquidity issue so they raised margin requirements for uncleared trades
thorrakistaken
If this is what leads to T+0 settlement I’m certainly not going to complain.
Dasnekones
This was at least partially corroborated by an interview of another broker CEO.
saysomethingcool
Dasnekones
https://youtu.be/4RS4JIEVyXM
twozerooz
No it wasn't.
Dasnekones
https://youtu.be/4RS4JIEVyXM
twozerooz
I'm not sure exactly what part you're confused by?
jiynxed
It's not a particularly knowledgeable take - it's ignoring that it's only a couple funds that are in trouble and the rest are circling
jiynxed
Waiting to devour the firms upon failure. Most brokers and firms had a piece of the gamestop action and are riding high on the price.
jiynxed
And they're sitting waiting for someone to blink and start a dump so they can pile on that and bottom the prices out.
jiynxed
They're in their favorite position - all these little players are a school of shrimp, buying overpriced shares in garbage stock from them.
peppermintgal
I would not be surprised if you're correct. I figured from the outset that that wallstreet elites would win this one.
jiynxed
And they get to feed.
pastramionrye
You’re a hedge fund manager aren’t you? Lol
rosshell2718
OK cool. Now explain it in English to all of us plebeians out here who don’t understand stock lingo.
twozerooz
Nobody can because this post is jibberish.
Imalwaysready
Just average the float with the delta hedge, divide by ROI added to the IPO, invert the CAPEX, subtract a 401k, and Bob’s your uncle! Easy!
rosshell2718
Write back? Call option strike price? No, I don’t get it.
bdw9714
The hedge funds bet real big that gamestop would fail. They were so wrong in the short term that they're getting screwed hard.
Sturdycrotch
Easiest way to describe whag is going on: hedge fund bros borrowed X-amount stock from Gamestop and immediately sold it, hoping to buy it
Sturdycrotch
Back for even cheaper and return the borrowed stock while keeping the cash they made in the swap. Reddit Bros found out about it....
Sturdycrotch
And said suck my dick wall st and bought a TON of Gamestop stock, which now made it MORE expensive to repurchase. So now because so many
Sturdycrotch
Hedge fund bros tried to do the borrow technique and got fucked, the price keeps going up for the shares since they have to rebuy...
Sturdycrotch
The borrowed stock at a much higher rate than before, and has now become a self-feedback loop. All of this because the hedge bros wanted...
Cax6ton
Hedgelords got caught trying a trick that harms companies to make money. Reddit banded together to screw the hedge funds. If they hold their
Cax6ton
Stock long enough, it will severely hurt or kill those hedge fund companies.
twozerooz
It won't though. They doubled down on the shorts at $400 and cannot lose. Of all those Redditors throwing money at it with no expectation of
twozerooz
Ever getting their $$ back - where do you think all that cash ends up? Wallstreet.
lovit487
As I have understood it, Robin Hood didn't have enough money to cover the buy.
twozerooz
It helps if you first realize that this post is nonsense. It's pure fantasy, so there's nothing to understand.
rosshell2718
Still confused. Why would Robin Hood have to cover the buy? Isn’t the cost of purchasing a stock covered by the buyer?
evilgriff
A short sell is selling a stock you don’t have, driving price down, letting you then buy the stock for less and making a profit, get it? 1/2
evilgriff
2/2 Shit gets real when the price goes up but you never paid for the stock before you sold it, end up paying more, and you owe them stock.
rosshell2718
Right. But Robin Hood doesn’t bear that cost… Right? The billionaires’ hedge funds do right? That cost is on the formerly Rich and now poor?
iLikeUrSocks
I think we are about to drive bomb the stock market..
twozerooz
Nah. This is barely a blip. The post is complete and utter nonsense. An "infinite squeeze" is a made up Reddit concept. It doesn't exist.
chaoticbinary
isn't that kinda a bad thing
Imalwaysready
Meh. Your kid didn’t need that 529 you’ve spent 18 years diligently building up anyway. Stop complaining!
Corrodias
The post is nonsensical. The exchanges have never been at risk. The only ones at risk are the funds that have shorted stocks, if there »
Corrodias
don't wind up being enough stocks for them to cover those short positions. In that case, it's a failure to deliver, and maybe they can be »
Corrodias
sued by the buyers, or maybe the SEC will fine them. The stock market is fine. And we shouldn't want it to be harmed, overall.
jaredrietdyk
With no survivors.
RealRaceRiotsAreAboutGettingBlueshelledInMarioKart
I bought my GME outright back in 2009. I've been getting phone calls from PEOPLE, like real interns who got my name somehow, offering >
CJFoxx11
True story?! That's wild!
RealRaceRiotsAreAboutGettingBlueshelledInMarioKart
well over current market prices if Id just please for the love of God sell my 30 shares to their brokerage. 10yrs, 3 cell#s, & 4 countries >
RealRaceRiotsAreAboutGettingBlueshelledInMarioKart
And they did all that research to get me to sell my measly shares. That's how scare they are.
tyedyedshorts
So do I buy on Monday 2/1/21?
AstroFizX
YES!!!
Lugh314159
IF you want to make moneY? No. It's too late for that. If you wanna help fuck over some hedge fund manager? Sure.
abeans
Gme amc bb nok
tyedyedshorts
As long as I can still stick it to the man is all I care about. Apes together strong.
McFitSteak
I'm an idiot. Bought 1x GME@376$ (310€). Will I get out of this? Also 44x AMC shares at $21 (17€) totalling $924 (748€) omg and 150x NOK. ?
McFitSteak
My App (Trade Republic) blocked all orders, so I couldn't sell and rebuy at a better price. It reached 121$ (100€) twice before my eyes ?
twozerooz
Yes it was inevitable for you to lose it all regardless of what your app did. The only people making money here is Wallstreet and the
twozerooz
Original Redditors who suckered everyone else into this.
jayar1st
Buying Monday might stick it to the man. It might make you some money. It might do neither.
firefighter26
I got about 4-5 hundred dollars to spare and kind of what to get in on this...
Xero999
God no
twozerooz
Sure, just know you'll lose it, and these hedge funds will be the ones taking it.
whitebbwolf
unless you already hold shares, I d say sit this one out or look for other same same potentials
lovit487
Only what you can afford to loose
Muffyns
how much do you need to buy? can you do anything with $5 or do oyu need like a minimal $500
8gigsofshark
Whole shares, unless you've got one of the few brokers that permits fractional buys. So you're gonna be moving in multiples of a few hundred
sunnysideunder
This. 100%
gbombuh
I’d gladly pay at least $100 just to fuck with Wall Street
Jewmonster1000
8gigsofshark
Definitely. Hype bubbles won't last forever. Buy in if you want to but be prepared to lose whatever you invest.
AppleisMyLastName
Only if you LIKE THAT STOCK
everythingandeveryone
I like the stock... No, We like the stock
Kitakita
what is this meme? I keep seeing it.
everythingandeveryone
It's our motto for why we are buying it. Otherwise people could say we are manipulating the market
RhamnusiaThePaladin
Basically, expect to lose money. Even if you buy stock on Monday, no capital = no buyer.
RhamnusiaThePaladin
The Hedge Funds can't buy stocks they dont have capital for. Borrowing turns into stealing.
wickld
No. The price had been driven up so much, at this point it's not going to make you money and the pressure is already high. Seems moot.
DungeonMaster69
Not as an investment, but as a statement
twozerooz
All these people making "statements" will lose it all. Where do you think that money is going to? Wallstreet.
rosshell2718
It’s an investment in the destruction of the hedge funds. Well worth it if it works right?
twozerooz
It isn't. This is a nonsensical fantasy. Those hedge funds all doubled down at $400. Where do you think all the $$ from these Reddit
twozerooz
Investments are going? Straight to wallstreet
everythingandeveryone
Yes, welcome to the operation. Objective? Buy and hold...
tolgabrotha
GME is too expensive for me, can I get AMC?
Syaoron
Yes amc is around 9 to 16 for now. If we hold it will go up
tolgabrotha
Can I buy during the weekend or do I have to wait until Monday?
Syaoron
You can place an order to buy, but it won't activate until 930am Monday and the price might not be the same at the time, you would pay
DarthTruman
This
everythingandeveryone
I wouldn't trade amc the squeeze in isn't nearly as tight. Im afraid you have a chance to lose. That being said I have 15 at 9 a share
tolgabrotha
I'm willing to lose a few hundred for that expectation. The question is if AmericanExpress will let me open with less than a G
tolgabrotha
AmerTrade
Err0x
That's what I plan on doing. Don't have much but anything to help dismantle this system of economic abuse.
OrangeFlavours
Dude... you're not dismantling wallstreet by participating. Don't put in any money you don't expect to lose.
Err0x
Oh I expect to lose it all. I don't need it. It's about sending a message.
OrangeFlavours
Listen, seriously people... you're not sending a message by buying. It's like literally throwing paper money at someone to try and hurt them
OrangeFlavours
The ones who bought already? Sure, they can hold, but there's OTHER HEDGE FUNDS who bought gme stocks too when they saw this.
MyDixyRect
I couldn't buy a fraction share on robinhood so I bought one stock at around 400ish. Best I can do to help. I hate RH so much.
jg071071071
Same here. Not even looking to make money but if even just my one share makes a difference then good
dessertcake
People that went through 2006-2009 recession have nothing to lose esp what everyone went through I believe people will “Hold”.
sharkrepellantbatspray
What are we buying AMC or GME?
saysomethingcool
Err0x
I'm going AMC. Let's save us some movie theaters.
sharkrepellantbatspray
Sounds good. I’m just waiting for wealthsimple approve my fund transfer. Damn 3 day wait
GreenMed
Yes but the squeeze starts Monday so expect it to be more than slightly crazy
betteroffspeedskating
Lol. How can you say that with a straight face. Give me your reasoning toward that conclusion
GreenMed
Nah, if the extremely dumb down versions of what is going on, explained on imgur does not work for you, you just won't get it.
betteroffspeedskating
You could just say “I have no idea what I’m talking about”
GreenMed
I don't think you do buddy. Hell I bet you don't even know what options are. Seeing your other comments confirms that much haha.
thedelicatesnowflake
Are we talking just about the short squeezed companies or whole market? Considering pulling out my long time investments for few weeks.
namtrohs
Honestly, I've been considering the same. I took a majority out to invest in GME at the beginning of the week, but I think this squeeze is >
namtrohs
possibly going to force that correction people have been talking about, or scare a lot of people out of the market til things smooth out.
GreenMed
Specific companies will be squeezed not the general market. But events do affect the general market, by how much and which direction? Idk
thedelicatesnowflake
What would happen if the hedge funds actually run out of money though? Wouldn't that have the effect on whole market?
twozerooz
Nah. It'll whimper out and the only people making money will be Wallstreet and the original Reddit investors who fooled everyone else.
GreenMed
Why do you think that?
twozerooz
Because the hedge funds doubled down and shorted at $400. Anyone buying at 400 is just sending money to wallstreet. The crazy thing is that
twozerooz
It seems most of these people fully expect to never see their money again for a "statement", but they never bothered to ask WHERE it's going
GreenMed
I don't understand that conclusion. They can short more but they still need to cover last week's shorts. Plus shorting mean they already 1