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FiWiFaKi
Canada9858 Posts
On January 28 2021 09:50 Emnjay808 wrote: It’s a scare tactic. Stay strong! Lol Hope it only fuels the anger, and the community will double down. I think it's complete bullshit trying to shut down wsb, imo they're doing nothing wrong at all. The big players are doing the real ugly shit. | ||
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Just_a_Moth
Canada1943 Posts
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Emnjay808
United States10641 Posts
I’m setting my alarm for 1am and buying when the market opens if it goes to .9 I’m hoping people stay strong lol. I wanna believe. | ||
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FiWiFaKi
Canada9858 Posts
On January 28 2021 10:15 Emnjay808 wrote: My friend got into NAKD for .60 and it peaked at 3.25 I’m setting my alarm for 1am and buying when the market opens if it goes to .9 I’m hoping people stay strong lol. I wanna believe. Very nice. And yeah, people who don't stay strong here send a strong message of not fighting for democracy imo. The more I think about what's going on the more I'm fuming. | ||
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hiro protagonist
1294 Posts
Because if that’s the case, I’ll buy some GME. I’d never sell. What I bought was satisfaction. I’d print that paper and frame it. | ||
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Vivax
21810 Posts
It's a stonk in this dude's list (pretty easy to spot when finding the similarity to gme and having a glance at the chart). https://www.shortsight.com/gamestop-shorts-down-5-billion-in-2021/ On January 28 2021 10:22 hiro protagonist wrote: What happens on Friday? Are the short sellers fucked? Is that when there loan is due? That’s what WSB keeps saying but I’d like a more level head here to confirm. Because if that’s the case, I’ll buy some GME. I’d never sell. What I bought was satisfaction. I’d print that paper and frame it. I think the vast majority of short sellers in GME are TBTF, not gonna happen lol. At this point I'll just watch it moon for a day or two and then blowoff top would be my guess. | ||
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Sermokala
United States13754 Posts
r/WSB is back tho. | ||
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hiro protagonist
1294 Posts
On January 28 2021 10:27 Vivax wrote: I'd post what I think is mooning next, but isn't posting this in an online forum why WSB got dunked on in the first place? It's a stonk in this dude's list (pretty easy to spot when finding the similarity to gme and having a glance at the chart). https://www.shortsight.com/gamestop-shorts-down-5-billion-in-2021/ I think the vast majority of short sellers in GME are TBTF, not gonna happen lol. At this point I'll just watch it moon for a day or two and then blowoff top would be my guess. Too big to fail or not, if the bill is due, someone is gonna have to pay. Surely they have some kind of collateral? Other stocks that will be sold to pay the bill? Or is the central bank supposed to step in? Seems unlikely that it would be such a high amount that it would shake up the rest of the market, so they won’t bother jumping in. So who will pay? | ||
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riotjune
United States3392 Posts
So this is Occupy Wall Street without the threat of being pepper sprayed or tear gassed? Nice, guess I'll buy some and just hold for the hell of it. Payback for 2008. | ||
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Vivax
21810 Posts
On January 28 2021 10:58 hiro protagonist wrote: Too big to fail or not, if the bill is due, someone is gonna have to pay. Surely they have some kind of collateral? Other stocks that will be sold to pay the bill? Or is the central bank supposed to step in? Seems unlikely that it would be such a high amount that it would shake up the rest of the market, so they won’t bother jumping in. So who will pay? The bill will be due, but insitutionals will always get a bailout A retail naked short in this is always screwed ofc, but they're insignificant. | ||
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BlackJack
United States10209 Posts
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Sermokala
United States13754 Posts
On January 28 2021 11:09 riotjune wrote: What's this "gamma squeeze" I keep hearing about? Is that a Hulk move or something? So this is Occupy Wall Street without the threat of being pepper sprayed or tear gassed? Nice, guess I'll buy some and just hold for the hell of it. Payback for 2008. Basicaly if you "short a stock" and the stock goes up you have to buy the actual stock and pay the difference. The problem is that they shorted WAY more than the "float" or commonly traded volume of stock which meant that they had to repeatedly raise their price to buy stock which caused the price to spike. Then things just kept cascadeing out of hand. but yeah Anyone got odds for if the SEC steps in or we see a hedge fund go bankrupt in the next week? I don't know if Biden has the balls to let whoever is involved with this fail but if he did I'll commit to volunteering for him or whoever he endorses while he's still alive. | ||
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art_of_turtle
United States1183 Posts
On January 28 2021 11:52 Sermokala wrote: Basicaly if you "short a stock" and the stock goes up you have to buy the actual stock and pay the difference. The problem is that they shorted WAY more than the "float" or commonly traded volume of stock which meant that they had to repeatedly raise their price to buy stock which caused the price to spike. Then things just kept cascadeing out of hand. but yeah Anyone got odds for if the SEC steps in or we see a hedge fund go bankrupt in the next week? I don't know if Biden has the balls to let whoever is involved with this fail but if he did I'll commit to volunteering for him or whoever he endorses while he's still alive. I really hope we just start seeing Hedge funds going bankrupt. Their tactics are just gross and profiting off of people's failures. | ||
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{CC}StealthBlue
United States41117 Posts
On January 28 2021 11:12 BlackJack wrote: I wonder if it's a good idea to short TSLA right now since the attention is finally diverted from it? That's a bad idea. Tesla just had their sixth consecutive budget I think one prominent short just went bankrupt attempting the exact same thing several weeks ago. | ||
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GoTuNk!
Chile4591 Posts
On January 28 2021 09:38 Sermokala wrote: WSB discord banned and the reddit put to private in a matter of minutes of each other oh gee whats the chances of that. Suddenly a ladder attack tries to tank the stock. the SEC won't investigate shit and we'll probably see congress pass something to stop this from happening ever again. Some people are JUST NOW discovering Reddit admins, at least at the top, are elite shills next step would be discovering their political stance, and how they selectively moderate content across entire platform to favor certain POVs. You might not be ready for this yet. | ||
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Emnjay808
United States10641 Posts
But discord went down too. At the same time.., Smells fishy as fuck but I’m all for giving the benefit of the doubt. | ||
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FiWiFaKi
Canada9858 Posts
On January 28 2021 11:12 BlackJack wrote: I wonder if it's a good idea to short TSLA right now since the attention is finally diverted from it? I think Tesla is a company you don't short, with merit. If the world was to be ruled by a king and we threw out democracy, but took a vote who should be king, Musk would win. The company is valued very highly, but it represents the future to the people, a vision. Imo, Tesla could justify a 3 Trillion market cap in the minds of some. Shorting is like trying to climb up a waterslide, just find a different slide to go down instead. Buying an option and messing up and letting it go to zero is no big deal, you lose 10k but life moves on. Shorting fucks you mentally if you're wrong, trying to cover the position instead until you're bled dry. Unless you have some amazing hypothesis, going long is just better. Even if you're wrong you can still make money because stocks go up long term. On January 28 2021 10:22 hiro protagonist wrote: What happens on Friday? Are the short sellers fucked? Is that when there loan is due? That’s what WSB keeps saying but I’d like a more level head here to confirm. Because if that’s the case, I’ll buy some GME. I’d never sell. What I bought was satisfaction. I’d print that paper and frame it. Hard to get facts right now, WSB usually uses logic, but right now anything that doesn't get people to buy GME will be downvoted... And the short sellers also have their agenda, saying they closed many of their positions. GME calls expire Friday, but not all of them, just some, which means they will be exercised, which means the positions need to be covered, ie shares purchased from the market driving the price up. We don't know if hedge funds sold naked calls, or if they were covered. We don't know how large the short interest is, the hedge funds could have been stock piling a lot of GME stocks to cover their shorts. I mean, this is a once in a generation type of event that will have people rethink their approach to the market for a long time into the future. On my job site today, stock discussion was rampant, on the radio on my way to work, man. I still think a lot of the non-market players are getting in (which is why I have a six figure play in a meme stock)... It is exciting, cool to be part of the history, even if it's just a couple hundred bucks. | ||
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{CC}StealthBlue
United States41117 Posts
On January 28 2021 12:40 Emnjay808 wrote: Apparently WSB Reddit went down cause of moderation issues or w/e. Hah. But discord went down too. At the same time.., Smells fishy as fuck but I’m all for giving the benefit of the doubt. | ||
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riotjune
United States3392 Posts
As for Tesla, didn't Nancy Pelosi recently bet on TSLA by buying their stock because Biden was going to push for a government electric vehicle mandate or something? I don't know if I want to bet against her, government insider(ish) trading is everywhere. In fact, this makes me want to help Elon Musk even more tbh, especially after that Gamestonk tweet. All those years of pent-up rage when his own company was shorted by the same hedge funds who kept their foot on his neck the entire time as they did GME, released in one tweet. Revenge is a dish best served cold! | ||
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Emnjay808
United States10641 Posts
edit: I need to rewatch that full interview of Chamath Palihapitiya again. CNBC is only showing clips of it now, ugh | ||
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