Gamestop stock situation

[Snader]

https://www.reddit.com/r/wallstreetbets/comments/l8rf4k/times_square_right_now/?utm_medium=android_app&utm_source=share

[Emerald]

15 hours ago, Leo Gura said:

@Emerald We'll have to see the blow back.

There can be elements of toxic Green which do not help Green's cause. Like Antifa. I would argue that Antifa has done more harm to Green than good as it makes Green look unhinged.

Reality evolves in twisted and inverted ways.

That's true. It can always twist around. But my bet is that it will have a net positive effect once things fully unfold.

But Antifa could be predicted to have a net negative effect overall.

They're just a gift to those who want to discourage progress and to scape-goat and malign left-wing poltical moves. That, and they don't really effect any well-known positive change.

[Pudgey]

This situation will be slightly impactful in the short-term (generating attention), but eventually will die off and nothing will result of it. The problem is, WSB cannot be taken seriously enough. They will get trashed by major publications and have its reputation tarnished to oblivion as wanna-be daytraders that caused a storm. The public will take note after a while, but eventually forget and move on. 

WSB has too much of a “bro” humor that will eventually get itself quarantined by Reddit, like many other of these male-run reddit groups like r/TheRedPill. This is r/TheRedPill of Daytrading and this type of behavior will just give Reddit all the excuse to eventually shut-it-down. Whether it’s a month from now or a year, it will happen. 

Fact is, Reddit is owned by Advanced Publications Inc with millions tied in investment and basically a hedge funds itself. So, as WSB trashed hedge funds and investors, they are being monitored by one of the largest Privately Held Companies in the world.  They own a large stake in Discovery, inc and Charter Communications, as well as several other companies.

I highly doubt the capitalistic elites that owns Reddit with investments and/or connections possibly tied to the investors that are being screwed over by $GME will go silent. I doubt they will continue to allow  a bunch of redditors to determine the market without major consequences. 

This will cause a very big backlash because once you get rid of WSB, traders will begin to sellout and the average-nooby investor that bought into the hype will suffer the consequence. People who are buying into this as some green shift doesn’t see how deep corrupt capitalism go and how challenging it will be to change it. Not some Reddit group with dirt up its ass. 

The irony about this is all is they are going against Wallstreet by causing chaos in enemy territory: The Elitist Who Owns Reddit!

[Leo Gura]

@Pudgey Stop framing this as elites trying to shut down Reddit. Reddit is a company with a reputation to unhold. It cannot allow devils to run rampant on its platform. This is not an elitist thing, it's about being non-radical to appeal to mainstream audiences.

What you guys don't get is that once a company is large enough, it has to cater to mainstream tastes. It no longer has the luxury of being radical or niche. This is why CNN cannot be the socialist channel that progressives want. CNN has to cater to a much later audience than radical progressives. If CNN was a socialist channel, it could not have the same level of ubiquity and cultural authority that CNN has. CNN is like mayo or vanilla. It's not supposed to be full of bold flavor because bold flavor turns people off.

Likewise, Reddit and Robinhood cannot allow themselves to become tools of some radical agenda because their goal is to be huge mainstream platforms. Platforms are not supposed to be radical, subversive, or partisan. They need to be vanilla.

Of course both far right and far left people hate this, because they want to weaponize these platforms to attack their enemies. This is why both the far right and far left constantly bash "the mainstream media." They want to turn media into weapons and tools to serve their personal biases and worldviews -- for good or for bad. And of course mainstream organizations refuse to do this. Not because there is some elitist conspiracy to control the world, but because that is the nature of being mainstream.

[Hardkill]

Yeah, I agree with you Leo. My dad, who is a very shrewd old man and who has been a very successful online stock trader by way of fundamentals style of trading for over 15 years, just explained to me in depth as to why all of the left-wing people who have been involved in this whole fuckery with Gamestop and Wall Street are being so stupid and why progressive politicians like AOC are wrong for promoting this kind of nonsense. If these left-wing people keep longing the Gamestop stocks, then they will eventually end up losing a lot of their own money after the price of each of the shares get reseted by the equilibrium effect of the stock market. Therefore, those left-wingers will end having no choice, but to have Wall Street actually bail them out. This is also one of the problems with Robinhood, which has lended so much money to countless people around the world. So, these left-wingers who are trying to take down Wall Street are actually not achieving their goal at all. They instead just made it worse for themselves. 

[Leo Gura]

@Hardkill It's basically a classic pump-and-dump scheme but under the guise of nobly fighting the elites.

The people who bought stock towards the second half of the upswing are all gonna lose money. And then they will justify it to themselves as: "Well, it was for a good cause. At least we fucked those Wall Street elite."

GameStop and AMC are likely doomed companies that will crash and burn no matter how much you pump or hype them up. These stocks were in the dumps for good reason -- they don't have a bright future.

It's sort of like you're taking a homeless man on the street and saying, "Let's give this poor guy a bunch of money!" And so you gather a thousand of your friends and pool together $10 million to give this homeless guy. And what does he do with it? He goes to Vegas and loses it all on the roulette table. Because he wasn't homeless by accident, he was homeless because he's utterly irresponsible and mentally challenged.

[Preety_India]

This pumping and dumping is usually done by billionaire hedge funds..

These guys are simply following this pattern 

If it's wrong then it's wrong on both ends. 

 

[Lyubov]

2 hours ago, Leo Gura said:

@Hardkill It's basically a classic pump-and-dump scheme but under the guise of nobly fighting the elites.

I think this is a bit of a gray area though. A classic pump-and-dump will be privately orchestrated by a few people, usually with insider information. This was all done using public information and appears to have started fairly organically during public discourse. A pump-and-dump is usually more of a conspiracy where this is more of a revolt. 

[Micca]

AMC is the next stock to blow up. I hope hahaha, as I have bought it.

[Danioover9000]

   Funnily enough, I've been treated poorly in the past in a GameStop store, and it was an embarrassing situation for me because I just wanted to win in an archaeid machine, and nearly kicked out for stubbornness. I'm mostly forgot and forgave the situation, leaving America behind and moving on in my life to new things and a new place. 15 years later after that incident, GameStop is now being pumped and dumbed by extreme left and right people, like what the actual fuck?

   Karma is ridiculous.

[Mythos]

The guy who says he could have healed Covid-19, but didn't do it "because it is Love", hating on stock speculators?

Sure bud.

Edited February 1, 2021 by Mythos

[Lyubov]

looks like the joke was on me lmao

[Leo Gura]

6 hours ago, Mythos said:

The guy who says he could have healed Covid-19, but didn't do it "because it is Love", hating on stock speculators?

Sure bud.

This whole movement is based on hate of elites. So please spare me your BS.

[Preety_India]

I'm really waiting for how this thing will end. 

Fingers crossed. 

 

[Mythos]

20 minutes ago, Leo Gura said:

This whole movement is based on hate of elites. So please spare me your BS.

Touché

[diamondpenguin]

Judging on the arguing already happening, its gonna end something like this: 

A trainwreck. 

[Preety_India]

@diamondpenguin what starts as a trainwreck ends as a trainwreck. The guys who did this were total fools. This ended up giving greater leverage to Wall Street because of the unethical nature of the collusion. 

When you bite the hand that feeds you, the hand wins. 

 

[SOUL]

It's over. The squeeze is done, the options have expired and anyone who participated in it to generate a gain has already liquidated the bulk of their position if not already completely flat on this.

Anyone who is still looking at this as an opportunity are the people who heard about it after it was too late to get prime position and will likely suffer a loss. The smart money is on to identifying the next opportunity.

The way that people realize the gain is to get back to USD or some crypto by liquidating their position, they aren't Bezos or Musk and can hold it because the value is based on fundamentals, this was a meme stock based on the bubble, should be out by now.

It's ova!

[abrakamowse]

What is this guy saying? That the short squeeze was done by other hedge funds, not so much by redditors?

I will read that article. 
 

 

[Leo Gura]

What's that?

Devils fucking over devils who fucked them over?

You don't say!