GameStop / Reddit News

[MancunianStacker]

Interesting what happened. Seems like they don’t like the little guy winning.

What would happen to Gold & Silver 🤔 

Saw this on Linked-In today and it got me thinking 💭 

[Minimalist]

We need to influence the reddit community. Its time to get hands on guys and get these Gold Futures pumping.

[motorbikez]

 

Good take on what happened yesterday & about 6 mins in scumbag wall street hedge fund manager blubbing about the retail/little guy making money.

[MancunianStacker]

https://www.zerohedge.com/markets/sec-publishes-statement-short-squeeze-insanity-will-protext-investors-manipulative-trading?

[Minimalist]

16 minutes ago, MancunianStacker said:

https://www.zerohedge.com/markets/sec-publishes-statement-short-squeeze-insanity-will-protext-investors-manipulative-trading?

"As always, the Commission will work to protect investors, to maintain fair, orderly, and efficient markets, and to facilitate capital formation."

 

[HawkHybrid]

how do the longs on reddit plan to unwind their huge combined long stake in gamestop that pushed the

price of the failing retailer(no profits) to heady heights?

(before anyone says that I'm biased towards the elites, I believe that robin hood stopping their customers

from being able to buy gamestop shares was wrong)

 

HH

[MancunianStacker]

26 minutes ago, HawkHybrid said:

how do the longs on reddit plan to unwind their huge combined long stake in gamestop that pushed the

price of the failing retailer(no profits) to heady heights?

(before anyone says that I'm biased towards the elites, I believe that robin hood stopping their customers

from being able to buy gamestop shares was wrong)

 

HH

I don’t know HH. 🤷‍♂️ 

Maybe they won’t. We’re they in it for the profit or just to p1$5 off Wall Street because they could and try to crash the system? They messed up their plans and got into the news, now it’s got more people’s attention maybe more will join in. 

It probably won’t happen again as details of shorts are less likely to be published again but they could focus their attention on any crashing stock on any particular day and go long, just for the crack.

I’m thinking airlines and cruise companies will be soon

[Kman]

If you look at gme volume its pretty low

This site says theyre still almost 98% short - https://financhill.com/most-heavily-shorted-stocks-today

I don't think anyone wants to sell, they don't need to, the shorts need to buy

I don't know what the final mechanics of the outcome will be but it looks like hedge funds bust, retail rich unless the government step in 

If I wasn't a coward I'd throw in a decent amount of money 😎 they have them and they aren't letting go

Volatility etf might end up being a big winner 

 

 

Edited January 29, 2021 by Kman

[Paul]

 

Some recent analysis from regular forum favourite Mike "i own a gold and silver compony" Maloney on the GameStop

[Paul]

If anyone is still unsure how this short selling works and have access to BBC iPlayer on their PC or Amazon FireStick

Search out the classic con series HUSTLE from years back 

Series 3 - Episode 3 "Whittaker Our Way Out "

https://www.bbc.co.uk/iplayer/episode/p00c9r7q/hustle-series-3-episode-3

The gang pull a short-stocks swindle on a London merchant bank they have a grudge against.  See it played out in a dramatized way

Great series to watch if you have never seen it before

x8 Series to go through if you are house bound with COVID lockdowns - Enjoy  

[MancunianStacker]

Just joined Reddit’s r/wallstreetbets sub forum. They seem like a fun bunch 👍🏻 
 

Nigel Explains a little here - 

 

[Thelonerangershorse]

Gamestop's current SP is an artificial bubble and has no relation to the asset value or turnover and as such, HAS to crash soon, anyone brave enough to short it now could make a killing, BUT...

Always remember the saying: "The markets can stay irrational for longer than you can stay solvent"

[MancunianStacker]

People are now buying the dips over at Reddit 😂 They really hate the hedge funds over there!!! 

[Kman]

57 minutes ago, Thelonerangershorse said:

Gamestop's current SP is an artificial bubble and has no relation to the asset value or turnover and as such, HAS to crash soon, anyone brave enough to short it now could make a killing, BUT...

Always remember the saying: "The markets can stay irrational for longer than you can stay solvent"

This is a short squeeze

How I currently understand it is: hedge funds hold short positions

To exit those shorts they have to buy stock

Most /r/wallstreetbets people are holding or buying and not selling

The hedge funds have to pay interest on the shorts they're holding, the higher it goes the more they pay, they're desperate to buy to be able to get out, when they do manage to buy it drives the price up

Hopefully there's some verified data out about just how many short positions are left

Edited January 30, 2021 by Kman

[sixgun]

Only the physical markets will take down the paper markets. Silver is the Achilles heel b/c it is such a small market and effects the gold market - the ultimate real money market. It is small enough for this Reddit group to attack and potentially 'win'.
SLV often alleges additions to its inventory which are physically impossible - b/c the amounts it claims to add aren't physically available. It achieves the impossible b/c these aren't additions of physical, they are silver certificates - paper. Only by removing physical from their system can that system be collapsed. If all these Reddit people bought physical, then physical would go unobtainium, other than at much higher prices. 

The paper scheme must have just enough physical at something like the paper prices. With a run on physical it doesn't have enough physical at something like the paper price and they lose control.
i am not sure i am ready for this - i would like to amass some more at something like today's prices.

Edited January 30, 2021 by sixgun

[Roy]

😂

[Roy]

[KDave]

Is it time to short GME yet? Must be due a move back to $20 soon. 

[JunkBond]

Retards say it's going to Mars. 😜

[HighlandTiger]

Just now, JunkBond said:

Retards say it's going to Mars. 😜

I've got a funny feeling that the hedge funds have already pulled most of their money out of the market, and it's now only the Reddit crowd holding the stocks with nowhere to go. 

It's the end of the month now and all those hedge funds have had to settle their positions for the month already. 

[JunkBond]

Are you going to short it then? 😁

Edited January 30, 2021 by JunkBond

[MancunianStacker]

[HawkHybrid]

10 hours ago, Kman said:

This is a short squeeze

you do realise that a short squeeze is the definition of a bubble?

 

HH

[sixgun]

1 hour ago, JunkBond said:

Retards say it's going to Mars. 😜

Yeah it's going in one of Elon Musk's rockets.

[sixgun]