can someone explain this GameStop

[tiderollsonu]

As a 40 something white professional male who am I rooting for here ?

As long as my investment group wasn't involved I am rooting against the billionaires

 

[BigBucnNole]

As a 40 something white professional male who am I rooting for here ?

It’s a pretty select group of hedge fund managers that have the ability to manipulate the market and creat speculative bubbles. It’s a zero sum game and for them to gain someone else has to lose, and it’s nice to see them on the losing side. Markets should be investment based tide to a rational foundational base, not a handful of assholes lying.

 

[U boar me]

Question is, should we all throw a couple thou in? Even at $500 it may double or triple still!

 

[Teddy Jack]

Question is, should we all throw a couple thou in? Even at $500 it may double or triple still!

Not sure but I don’t know if the hedge fund guys are going to keep shorting. If they do their screwed. Probably get a bailout too.

 

[Gump_Tiger]

There are a bunch of out there.
My brother in law’s friend has a position now worth almost $48M. I told my BIL to tell his idiot friend to sell immediately

View attachment 4368

Dude, your boy might be a billionaire by the end of the day. $GME is almost $500 pre market trading.

 

[Joe Kings]

There was a hedge fund that was shorting a stock. For a 5 year old, that means they wanted the stock to go down. The hedge fund was shorting the stock because they thought Gamestop was an old, antiquated business model that operated out of strip malls and sold video games on disc drives like cd-rom.

However, the hedge funds kind of got ahead of themselves. They were short more shares than actually existed. Basically they were way over leveraged.

As it turns out, Gamestop ended up making a deal with microsoft to distribute games electronically (not 100% sure about this part). Additionally, video games have really taken off during Corona as people dont havet much else to do while at home. At the same time Microsoft and Sony have come out with new consoles which draws customers to the Gamestop stores. Turns out Gametsop wasn't dead afterall.

So, Reddit users got to conversing and determined that Gamestop was undervalued and people should buy the stock. They were in a thread with over 2 million people in it, and they all decided to throw money at the GME stock. The other side of the bet was a hedge fund. As the stock started to rise because of redditors, the hedge funds were forced to close their bets that the stock would go down. In order to do that they actually had to buy the stock which extenuated the circumstnaces. So a stock that was trading $10 a share is now trading $300 plus.

TLDR: reddit nerds beat hedge fund at their own game and hedge funds are crying.

Go For them. F those Fn cakes that short stock. They all play with fake money. The Masses will always win. Then you have the biden Crew Commenting on it.

 

[dskurz]

Dude, your boy might be a billionaire by the end of the day. $GME is almost $500 pre market trading.

That's going to be one hell of a payment to the government come tax time

 

[joethegamecock]

What part of "like I'm 5" did you guys not understand.

Dude...i am in the same boat. For the life of me, I can't understand this one. I have a decent amount of cash lying around. It could have been me. Feels bad man.

 

[TheJunto]

Here is a fantastic Twitter thread explaining the backstory on this. I, too, needed someone to explain it to me like I’m 5 and this guy does pretty well. For the record, the hedge funds shorted GME down from $20/share to $4, that’s when Reddit got involved. Holy mother fucking shit!

GME

 

[SMD01]

reddit

 

[Zgdaf]

The video I posted earlier does a good job of explaining this,

 

[Gump_Tiger]

The completely fucked the hedge fund with a short squeeze

This your boy?

YouTuber Roaring Kitty who disrupted Wall Street is Boston dad — Daily Mail

The Youtuber known as 'Roaring Kitty' behind the Wall Street meltdown is a Boston father named Keith Gill, DailyMail.com can reveal.

apple.news

 

[Sparty1045]

I could have used this prior to GameStop being $300+/share. Back to being poor white trash. Carry on fellas.

 

[pleaseclap]

I got you fam

 

[CumAllahHerAss]

As a 40 something white professional male who am I rooting for here ?

Wall street hedge fund managers and the msm or a bunch of nerdy 20-40 year olds?

 

[22*43*51]

Here's the cliffs on Bitcoin OP.

 

[TopHook]

Anyone have a guess on which is the next to fall?

 

[pleaseclap]

Anyone have a guess on which is the next to fall?

AMC

 

[Fever757]

Watched that the other night. Fucking love that movie.

View attachment 4377

YEA!

 

[hmt5000]

Im burned out on the use of "STONKS" though. Jesus christo have people been over using that today.

 

[GarnetPild]

Im burned out on the use of "STONKS" though. Jesus christo have people been over using that today.

Most of this crowd came over from tmb, so we might as well over-use the fuck out of shit here too. Just my 2 cents, take it with a grade of slaw.

 

[MVTPatriot]

So what should I tell my financial adviser today? OR ask?

 

[Edgehollow]

This broke it down like I was 5.

I needed it broke down like I was 3 and have a learning disability...and this did it. Thanks.

 

[DawgB]

I got you fam

Might be the best thing I see all day

 

[shiv]

Dude...i am in the same boat. For the life of me, I can't understand this one. I have a decent amount of cash lying around. It could have been me. Feels bad man.

For the few that make a killing off this, many more people are gonna lose their ass (outside of the hedgefund)

 

[dirtytoeddawg]

So, are they going to call margins today or what?

 

[hmt5000]

Most of this crowd came over from tmb, so we might as well over-use the fuck out of shit here too. Just my 2 cents, take it with a grade of slaw.

I agree it was funny. But I have probably read or heard it pronounced that way 300 times the last couple days. It jumped the shark.

 

[RHT 3]

LOL at the hedge funds, bunch of parasites......

I fully expect Big Investment to whine about it and ask DC for help because they got their as handed to them.

No bigger group of entitled, selfish, spoiled assholes than big money managers.

 

[Old Glory]

Trevor Wallace on Instagram

108K likes, 1,496 comments - trevorwallace on January 30, 2021

www.instagram.com

 

[Zgdaf]

 

[BigBucnNole]

I like this coordinated counterfeit share theory on WSB. Hedgefunds got greedy, over played the production of counterfeit stock, WSB noticed something was fishy and bought to hold to fvck with them, unknowing of the counterfeit stock. Now retail investors own 100% plus of GME and risk exposing fraud of the hedgefunds that could potentially collapse the financial system.