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$GME
posted in Off Topic
31
#31
35 Frags +

im getting a feeling that the market isnt free fair or efficient and that most of these wall streeters are working fake jobs that provide no benefit to society

im getting a feeling that the market isnt free fair or efficient and that most of these wall streeters are working fake jobs that provide no benefit to society
32
#32
newbie.tf
16 Frags +

https://i.ibb.co/sHb1PKQ/2021-01-28.jpg

[img]https://i.ibb.co/sHb1PKQ/2021-01-28.jpg[/img]
33
#33
2 Frags +

guys anyone else just keep buying in this dip??? gonna be massive

guys anyone else just keep buying in this dip??? gonna be massive
34
#34
0 Frags +

you guys think that robinhood will maybe go down?

not just robinhood i mean everyone who restricted the trade of the GME stock

you guys think that robinhood will maybe go down?

not just robinhood i mean everyone who restricted the trade of the GME stock
35
#35
21 Frags +

even if the class action lawsuit against robinhood works, the odds of them facing penalties as large as the combined savings they just gave to citadel and all the other companies seems pretty low

I guess we fucked up by assuming good things could happen in this country, our mistake

even if the class action lawsuit against robinhood works, the odds of them facing penalties as large as the combined savings they just gave to citadel and all the other companies seems pretty low

I guess we fucked up by assuming good things could happen in this country, our mistake
36
#36
7 Frags +

reminder: https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product

reminder: https://www.vice.com/en/article/qjpnz5/robinhoods-customers-are-hedge-funds-like-citadel-its-users-are-the-product
37
#37
3 Frags +

also, https://pbs.twimg.com/media/Es2IoljW8AQXeH5?format=jpg&name=900x900

also, https://pbs.twimg.com/media/Es2IoljW8AQXeH5?format=jpg&name=900x900
38
#38
serveme.tf
27 Frags +
nikoyou guys think that robinhood will maybe go down?

not just robinhood i mean everyone who restricted the trade of the GME stock

First time?

[quote=niko]you guys think that robinhood will maybe go down?

not just robinhood i mean everyone who restricted the trade of the GME stock[/quote]

First time?
39
#39
12 Frags +
mustardoverlordalso, https://pbs.twimg.com/media/Es2IoljW8AQXeH5?format=jpg&name=900x900

Fairly sure most EULA's never actually hold up in court because of the absolutely absurd shit that goes into most of them.

[quote=mustardoverlord]also, https://pbs.twimg.com/media/Es2IoljW8AQXeH5?format=jpg&name=900x900[/quote]

Fairly sure most EULA's never actually hold up in court because of the absolutely absurd shit that goes into most of them.
40
#40
-2 Frags +

if you buy GME when its this volatile prepare to lose your money
the pump and dump and the hype are mostly over and its not unreasonable to see a downwards trend to around 120-100.
on the other hand there is some support forming around 140 which would be a very good long signal if it holds.
also keep in mind i am in no way a professional and day trade as a hobby

if you buy GME when its this volatile prepare to lose your money
the pump and dump and the hype are mostly over and its not unreasonable to see a downwards trend to around 120-100.
on the other hand there is some support forming around 140 which would be a very good long signal if it holds.
also keep in mind i am in no way a professional and day trade as a hobby
41
#41
7 Frags +

The real issue with GME is it is more or less a total meme. There isn't any "real" value in the company and there hasn't been pretty much ever. Stocks have never broken $60 for them in their history and the company has less property and employees than it ever has at this point. Because of this all of the capital that is tied up in the stocks is literally useless and the second someone large sells to actually gain access to that perceived value, its going to come crashing down because the only thing to support its value is literal memes.

It fucks the hedge funds in the short term, but like 3 months out from now I would not be surprised to see the value back down to like $35 because there is nothing other than pure memes to keep it afloat.

That all said, I am also nowhere close to a professional with markets.

The real issue with GME is it is more or less a total meme. There isn't any "real" value in the company and there hasn't been pretty much ever. Stocks have never broken $60 for them in their history and the company has less property and employees than it ever has at this point. Because of this all of the capital that is tied up in the stocks is literally useless and the second someone large sells to actually gain access to that perceived value, its going to come crashing down because the only thing to support its value is literal memes.

It fucks the hedge funds in the short term, but like 3 months out from now I would not be surprised to see the value back down to like $35 because there is nothing other than pure memes to keep it afloat.

That all said, I am also nowhere close to a professional with markets.
42
#42
-4 Frags +
Tino_mustardoverlordalso, https://pbs.twimg.com/media/Es2IoljW8AQXeH5?format=jpg&name=900x900
Fairly sure most EULA's never actually hold up in court because of the absolutely absurd shit that goes into most of them.

im pretty sure that our crazy far right supreme court has upheld ludicrous arbitration agreements before

in theory they shouldn't but that's not always how things work

[quote=Tino_][quote=mustardoverlord]also, https://pbs.twimg.com/media/Es2IoljW8AQXeH5?format=jpg&name=900x900[/quote]

Fairly sure most EULA's never actually hold up in court because of the absolutely absurd shit that goes into most of them.[/quote]

im pretty sure that our crazy far right supreme court has upheld ludicrous arbitration agreements before

in theory they shouldn't but that's not always how things work
43
#43
4 Frags +
Tino_The real issue with GME is it is more or less a total meme.

im pretty sure everyone knows that and the idea was to hold until literally the second the major holders give up and try to sell their shorts en masse, but obviously this whole situation circumvents that

[quote=Tino_]The real issue with GME is it is more or less a total meme.[/quote]

im pretty sure everyone knows that and the idea was to hold until literally the second the major holders give up and try to sell their shorts en masse, but obviously this whole situation circumvents that
44
#44
-5 Frags +
mustardoverlordim pretty sure everyone knows that

You say this, but as per #40 there are a whole bunch of people who actually think GME somehow holds any value and will have a "stable base" at some point. All of the people posting they are up 30,000% or whatever also perpetuate the idea that there is actually money to be made here when in reality its really not true. Wish I was in econ or something because this would make for a super interesting paper and case study due to how much fuckery is actually going on.

[quote=mustardoverlord]
im pretty sure everyone knows that[/quote]


You say this, but as per #40 there are a whole bunch of people who actually think GME somehow holds any value and will have a "stable base" at some point. All of the people posting they are up 30,000% or whatever also perpetuate the idea that there is actually money to be made here when in reality its really not true. Wish I was in econ or something because this would make for a super interesting paper and case study due to how much fuckery is actually going on.
45
#45
0 Frags +

I mean, absent this sort of intervention by the actual trading apps (which I suppose you could argue was inevitable), there definitely was "money to be made" up to a certain point. just because the bubble is eventually going to burst doesn't mean it can't reach a crazy high level first. that being said if I had money tied up in this I definitely would set a sell limit because I'm not a total madman

I mean, absent this sort of intervention by the actual trading apps (which I suppose you could argue was inevitable), there definitely was "money to be made" up to a certain point. just because the bubble is eventually going to burst doesn't mean it can't reach a crazy high level first. that being said if I had money tied up in this I definitely would set a sell limit because I'm not a total madman
46
#46
10 Frags +

The only thing that irks me about this whole situation is the romanticist sentiment for Gamestop some people seem to be putting up. I distinctly remember Gamestop as the bad guy when it came to video game retailers, with most people looking forward to them going bankrupt.

With that being said, I'm swept off my feet with what's happening. A class revolt not in the form of a riot or an online petition, but an online community coordinating to exploit the market the same way wall street does. This is not something I think anyone pre-internet could have even fathomed taking place. On top of that you have people from all ends of the political spectrum coming together against Robinhood's decision to stop day-traders from buying GME, on the basis that equality means equal rights to exploit the system. This is history in the making.

The only thing that irks me about this whole situation is the romanticist sentiment for Gamestop some people seem to be putting up. I distinctly remember Gamestop as the bad guy when it came to video game retailers, with most people looking forward to them going bankrupt.

With that being said, I'm swept off my feet with what's happening. A class revolt not in the form of a riot or an online petition, but an online community coordinating to exploit the market the same way wall street does. This is not something I think anyone pre-internet could have even fathomed taking place. On top of that you have people from all ends of the political spectrum coming together against Robinhood's decision to stop day-traders from buying GME, on the basis that equality means equal rights to exploit the system. This is history in the making.
47
#47
-3 Frags +

https://www.forbes.com/sites/johntamny/2021/01/28/ignore-the-populist-gamestop-hype-short-sellers-are-heroes/?sh=2e825df773cf

https://www.forbes.com/sites/johntamny/2021/01/28/ignore-the-populist-gamestop-hype-short-sellers-are-heroes/?sh=2e825df773cf
48
#48
8 Frags +
Snack A class revolt not in the form of a riot or an online petition, but an online community coordinating to exploit the market the same way wall street does. This is not something I think anyone pre-internet could have even fathomed taking place. On top of that you have people from all ends of the political spectrum coming together against Robinhood's decision to stop day-traders from buying GME, on the basis that equality means equal rights to exploit the system. This is history in the making.

let's not go too crazy

1) most people profiting from all this are still massive firms, albeit the ones that actually invested in gamestop- see blackrock for instance

2) ordinary people might be 'coming together', but most of the elites are just paying lip service to the most egregious example of a systemic problem, just like with martin shkreli or bernie madoff or any other scapegoat. most people don't have the vocabulary to actually express why they're being fucked- half of them say "this isn't true free market capitalism!"

THEBILLDOZERhttps://www.forbes.com/sites/johntamny/2021/01/28/ignore-the-populist-gamestop-hype-short-sellers-are-heroes/?sh=2e825df773cf

lmao

nothing more need be said

[quote=Snack] A class revolt not in the form of a riot or an online petition, but an online community coordinating to exploit the market the same way wall street does. This is not something I think anyone pre-internet could have even fathomed taking place. On top of that you have people from all ends of the political spectrum coming together against Robinhood's decision to stop day-traders from buying GME, on the basis that equality means equal rights to exploit the system. This is history in the making.[/quote]

let's not go too crazy

1) most people profiting from all this are still massive firms, albeit the ones that actually invested in gamestop- see blackrock for instance

2) ordinary people might be 'coming together', but most of the elites are just paying lip service to the most egregious example of a systemic problem, just like with martin shkreli or bernie madoff or any other scapegoat. most people don't have the vocabulary to actually express why they're being fucked- half of them say "this isn't true free market capitalism!"

[quote=THEBILLDOZER]https://www.forbes.com/sites/johntamny/2021/01/28/ignore-the-populist-gamestop-hype-short-sellers-are-heroes/?sh=2e825df773cf[/quote]

lmao

nothing more need be said
49
#49
0 Frags +
mustardoverlord2) ordinary people might be 'coming together', but most of the elites are just paying lip service to the most egregious example of a systemic problem, just like with martin shkreli or bernie madoff or any other scapegoat. most people don't have the vocabulary to actually express why they're being fucked- half of them say "this isn't true free market capitalism!"

I'm not sure if I've understood your point here, but I think you make a lot of sense.
To be fair, I don't think this one event marks the end of late capitalism, nor am I optimistic that any significant, positive changes will come out of this, and I think even WSB know this. I'm fairly certain their highest aim is to win this battle, not caring if they lose the war. I am encapsulated by this event because the form of class protest itself in this instance is unlike anything we've ever seen before.

[quote=mustardoverlord]2) ordinary people might be 'coming together', but most of the elites are just paying lip service to the most egregious example of a systemic problem, just like with martin shkreli or bernie madoff or any other scapegoat. most people don't have the vocabulary to actually express why they're being fucked- half of them say "this isn't true free market capitalism!"[/quote]

I'm not sure if I've understood your point here, but I think you make a lot of sense.
To be fair, I don't think this one event marks the end of late capitalism, nor am I optimistic that any significant, positive changes will come out of this, and I think even WSB know this. I'm fairly certain their highest aim is to win this battle, not caring if they lose the war. I am encapsulated by this event because the form of class protest itself in this instance is unlike anything we've ever seen before.
50
#50
6 Frags +

doge coin : )

doge coin : )
51
#51
10 Frags +

I will forever find it hilarious that hedge funds exist thinking that their strategies are invincible because they just outweigh most opponents with liquidity (and cause everyone always gets bailed out anyways) but all it took to completely dismantle this was a bunch of autists with 0 commission trade apps and two weeks of allowance

I didnt think it was possible to have such a non partisan issue in current year and yet here we are

I will forever find it hilarious that hedge funds exist thinking that their strategies are invincible because they just outweigh most opponents with liquidity (and cause everyone always gets bailed out anyways) but all it took to completely dismantle this was a bunch of autists with 0 commission trade apps and two weeks of allowance

I didnt think it was possible to have such a non partisan issue in current year and yet here we are
52
#52
18 Frags +

https://pbs.twimg.com/media/Es3PH-UVcAINz3i?format=png&name=small

[img]https://pbs.twimg.com/media/Es3PH-UVcAINz3i?format=png&name=small[/img]
53
#53
5 Frags +

https://imgur.com/a/eUUlg5z

https://imgur.com/a/eUUlg5z
54
#54
51 Frags +

hey guys what's this about my funds?

hey guys what's this about my funds?
55
#55
6 Frags +
Makemakeif you buy GME when its this volatile prepare to lose your money
the pump and dump and the hype are mostly over and its not unreasonable to see a downwards trend to around 120-100.
on the other hand there is some support forming around 140 which would be a very good long signal if it holds.
also keep in mind i am in no way a professional and day trade as a hobby

Not sure how you can say the hype is mostly over, shit's been all over the news globally all day and the stock has recovered somewhat despite the stunt pulled earlier. Also, a lot of shorts are still getting roasted at the current stock price and will have to cover at some point. The squeeze has not yet been squoze. I wouldn't necessarily encourage anyone to buy in at this point, but I certainly wouldn't sell yet if I were holding GME stocks*.

*this is not financial advice, I just really like the stock

[quote=Makemake]if you buy GME when its this volatile prepare to lose your money
the pump and dump and the hype are mostly over and its not unreasonable to see a downwards trend to around 120-100.
on the other hand there is some support forming around 140 which would be a very good long signal if it holds.
also keep in mind i am in no way a professional and day trade as a hobby[/quote]

Not sure how you can say the hype is mostly over, shit's been all over the news globally all day and the stock has recovered somewhat despite the stunt pulled earlier. Also, a lot of shorts are still getting roasted at the current stock price and will have to cover at some point. The squeeze has not yet been squoze. I wouldn't necessarily encourage anyone to buy in at this point, but I certainly wouldn't sell yet if I were holding GME stocks*.

*this is not financial advice, I just really like the stock
56
#56
10 Frags +

https://twitter.com/4G_b4nny/status/1354797717269082122

https://twitter.com/4G_b4nny/status/1354797717269082122
57
#57
5 Frags +

hold the line, I'm using my savings right now

hold the line, I'm using my savings right now
58
#58
0 Frags +

Matt Levine's article today is a good explainer for the week's events around GME.

His articles this last week have also featured GME discussion if you want go through day-by-day events in more detail, and his column is overall pretty good & accessible.

Matt Levine's [url=https://www.bloomberg.com/opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop]article today[/url] is a good explainer for the week's events around GME.

His articles this last week have also featured GME discussion if you want go through day-by-day events in more detail, and his column is overall pretty good & accessible.
59
#59
7 Frags +
tomashttps://twitter.com/4G_b4nny/status/1354797717269082122

He is still daydreaming

[quote=tomas]https://twitter.com/4G_b4nny/status/1354797717269082122[/quote]
He is still daydreaming
60
#60
8 Frags +

https://preview.redd.it/0bjdfcyg4ke61.jpg?width=1024&auto=webp&s=0e55a9f04d4de254cde9653d8510c1f8a89854c7

on the left: ceo of robinhood

on the right: the redditor with the most gamestop stock

???

https://preview.redd.it/0bjdfcyg4ke61.jpg?width=1024&auto=webp&s=0e55a9f04d4de254cde9653d8510c1f8a89854c7

on the left: ceo of robinhood

on the right: the redditor with the most gamestop stock


???
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