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 Gamers lead the way to fuck up wallstreet, Gamers did what communists failed.

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billyboy
post Jan 30 2021, 09:45 AM

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QUOTE(nerdook @ Jan 30 2021, 09:26 AM)
I posit to you that 1,990,999 of those new members are just as greedy as the hedge funds and are there to make money and enrich themselves, not to crash anything or send any message.

I support what they are doing, but I hope once they are the new elite rich they won’t end up doing the same thing or worse.
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i see it more as redistribution of wealth.

user posted image

Melvin Capital's boss doesn't need a USD44m beach front house anymore. Maybe USD5mn Penthouse is more than enough ?

the other USD39m divide by 1.9m new members = USD20 means that they can have a nice meal at McDonalds.....the numbers are hypothetical...but you get the drift...right ? nod.gif
SUSAllnGap
post Jan 30 2021, 09:54 AM

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[quote=billyboy,Jan 30 2021, 09:14 AM]
[quote=AllnGap,Jan 30 2021, 08:49 AM]
hedge funds still think they are invincible

WSB reddit there 1 day added 2million ppl.
the more article they run to demonize WSD the more WSB will grow
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[/quote
WSB redditors now include people from all over the world. I'm sure the High Net Worth / Private Bankers / Family Funds are all in.

New word for finance; CrowdInvesting.....through Social Media

Empire Strikes Back....Facebook shutsdown GME Group on FB, lets see if Lowyat / Twitter / Reddit holds up.

If they don't, within a few days, new sites will come up and instantly have 6.5 denegrates as members.

This is a really interesting time we live in......
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[/quote]

they should find a decentralized forum away from all these cartel establishment

social media also belongs to establishment
SUSAllnGap
post Jan 30 2021, 09:55 AM

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QUOTE(nerdook @ Jan 30 2021, 09:26 AM)
I posit to you that 1,990,999 of those new members are just as greedy as the hedge funds and are there to make money and enrich themselves, not to crash anything or send any message.

I support what they are doing, but I hope once they are the new elite rich they won’t end up doing the same thing or worse.
*
thats also a good thing, it'll snowball the momentum forward
billyboy
post Jan 30 2021, 09:57 AM

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QUOTE(Ichibanichi @ Jan 30 2021, 09:34 AM)
[WTA]
Regarding the short selling, alot of ppl said that if the person who borrow the shares from broker and didn't return the share at specific time, there will be interest accrued. So the interest charge is based on the value when you received the share or based on the value of predetermine time.

Eg. the share value is $1 with borrowing period 1week. Should there is delay return, 1% per day (just assuming) is charge. Means the interest is $0.01 per day.

or the share value is  $1 with borrowing period 1week. Should there is delay return, 1% per day (just assuming) as per the date return share value is charge. Let say at the day need to return, the share value jump to $100. So the interest is $1 per day.

all sifu.....which one is correct?
please enlighten me  notworthy.gif  notworthy.gif  notworthy.gif
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my guess is that it should be at value at date of borrowing as its determined by a Securities Lending Agreement. i could be wrong. check more in the following

https://www.investopedia.com/terms/s/securitieslending.asp
yhsiau
post Jan 30 2021, 09:58 AM

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Some1 is playing "assassins creed" against those WS capitalist. XD
misaka
post Jan 30 2021, 10:03 AM

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linus tech tips join the apes gang HODL we like the stock
nerdook
post Jan 30 2021, 10:05 AM

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QUOTE(AllnGap @ Jan 30 2021, 09:55 AM)
thats also a good thing, it'll snowball the momentum forward
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In the future, RobinHood will get overtaken by SoFi, which has the exact same business model but is in the pocket of a different billionaire... lol

Even GME now the biggest beneficiaries are funds like Vanguard and Blackrock... same same la left pocket masuk right pocket, some crumbs fall into the laps of the peasants like us rclxm9.gif rclxm9.gif
Ichibanichi
post Jan 30 2021, 10:16 AM

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QUOTE(billyboy @ Jan 30 2021, 09:57 AM)
my guess is that it should be at value at date of borrowing as its determined by a Securities Lending Agreement.  i could be wrong.  check more in the following

https://www.investopedia.com/terms/s/securitieslending.asp
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Thanks for the link.
A good read.
In theory this short selling is more towards to fend off any short term speculator and benefits both long term share holder and hedge fund (coz they need to have big amount of moneh for collateral) and gain from the fall of the share prices.
Unfortunately....greed is no bound. Overdoing it, you are done
billyboy
post Jan 30 2021, 10:44 AM

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user posted image

[not investment advice]
tkh_1001
post Jan 30 2021, 10:47 AM

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QUOTE(dagnarus @ Jan 30 2021, 06:53 AM)
To keep it simple....

There is only maximum around 20-30% shares floated. HF short more than 100% of the company shares.

If there is no liquidity how the fk are they going to buy back the shares?

By payinf big money for it of course.... Like at least 10x more
So if you want to set a TP make it 5k
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So.. is the shares we buying now are from the 20-30 % floats?
damonlbs
post Jan 30 2021, 10:53 AM

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QUOTE(billyboy @ Jan 30 2021, 10:44 AM)
user posted image

[not investment advice]
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end result like this...?

user posted image
xcxa23
post Jan 30 2021, 10:55 AM

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So now trader cannot buy, only sell these stock

US is more communist than CCP
Lol
billyboy
post Jan 30 2021, 11:00 AM

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user posted image
billyboy
post Jan 30 2021, 11:01 AM

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QUOTE(damonlbs @ Jan 30 2021, 10:53 AM)
end result like this...?

user posted image
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the commentary by twitter.....

Really bullish close for $GME GameStop on a 30 minute chart.
Broke out of a symmetrical triangle to the upside and it was confirmed by an increase in volume. This bullish breakout in $GME GameStop on a 30 minute chart projects a $700 PT.

[not investment advice]

rclxm9.gif
party
post Jan 30 2021, 11:05 AM

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Is melvin capital dead now?
billyboy
post Jan 30 2021, 11:08 AM

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QUOTE(party @ Jan 30 2021, 11:05 AM)
Is melvin capital dead now?
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on intubation

user posted image
Syie9^_^
post Jan 30 2021, 11:10 AM

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QUOTE(billyboy @ Jan 30 2021, 12:14 PM)
user posted image

[not investment advice]
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Tendiesss!!!! drool.gif drool.gif drool.gif
Syie9^_^
post Jan 30 2021, 11:14 AM

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QUOTE(yhsiau @ Jan 30 2021, 11:28 AM)
Some1 is playing "assassins creed" against those WS capitalist. XD
*
user posted image
Syie9^_^
post Jan 30 2021, 11:29 AM

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QUOTE(billyboy @ Jan 30 2021, 11:15 AM)
i see it more as redistribution of wealth.

user posted image

Melvin Capital's boss doesn't need a USD44m beach front house anymore.  Maybe USD5mn Penthouse is more than enough ?

the other USD39m divide by 1.9m new members = USD20 means that they can have a nice meal at McDonalds.....the numbers are hypothetical...but you get the drift...right ? nod.gif
*
Everyone get MCD, help the pooor..

Tendies for the poor. Rekt the Billionaire!
dagnarus
post Jan 30 2021, 11:32 AM

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QUOTE(party @ Jan 30 2021, 11:05 AM)
Is melvin capital dead now?
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Bailed out by other Funds in the tune of 2.5billion
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