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

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HasukiiXrd
post Jan 28 2021, 11:53 AM

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WhatMan
post Jan 28 2021, 11:54 AM

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whyamiblack
post Jan 28 2021, 11:54 AM

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QUOTE(sadukarzz @ Jan 28 2021, 11:35 AM)
dont think this can work here in msia.. retailers will be up against investment banks and institutional funds like EPF..

EPF lose billions = rakyat themselves lose billions, u slap them 100% u get 50% back..

plus, asians are more selfish and kiasi, everyone will be u tank i support in the end no one tanks..
yup true, some people just think that wah spike = buy, dangerous mindset
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Don't know about the Malaysian market and if shorting at such extreme is common but if so it can be done.

Just so everyone remembers, 1997 was caused by these fucks who manipulated and shorted asian currencies including our MYR which eventually led to a whole big collapse. They did it again to gamestop and they got fucking greedy and tried to short it to 0 so they don't have to pay back the cost.

This post has been edited by whyamiblack: Jan 28 2021, 11:55 AM
laksamana
post Jan 28 2021, 11:55 AM

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I love it!!!

Joe Public taking on the hedgies, and winning
steady bro
post Jan 28 2021, 11:56 AM

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QUOTE(ReoAyanami @ Jan 28 2021, 11:40 AM)
They are not gambling with their own money. Do you think they will learn any lesson?  laugh.gif
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they will have to answer to those ppl who put their money into those funds, at least now it show to these greedy fund investors that shorting beyond their capacity (short 140% of the shares available) is very dangerous and can make them bankrap lol

this is also the main problem with these centralized markets, those elites can do whatever they want and earn as much as they can from the peasants, and regulators will say its perfectly legal lol
then now lose money ledi say its illegal and shutdown those reddit pages, discord etc hahahha
ReoAyanami
post Jan 28 2021, 12:07 PM

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QUOTE(steady bro @ Jan 28 2021, 11:56 AM)
they will have to answer to those ppl who put their money into those funds, at least now it show to these greedy fund investors that shorting beyond their capacity (short 140% of the shares available) is very dangerous and can make them bankrap lol

this is also the main problem with these centralized markets, those elites can do whatever they want and earn as much as they can from the peasants, and regulators will say its perfectly legal lol
then now lose money ledi say its illegal and shutdown those reddit pages, discord etc hahahha
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Their investors want high profit margin so it's not like they are discouraged from making big gambles. Hedge fund managers that get fired will only be replaced by another hedge fund manager that will do the same thing. Even if the hedge fund bankrupt, other hedge fund will continue doing the same thing. Unless you literally ban all high risk investment, nothing will change. tongue.gif

This post has been edited by ReoAyanami: Jan 28 2021, 12:07 PM
steady bro
post Jan 28 2021, 12:13 PM

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QUOTE(ReoAyanami @ Jan 28 2021, 12:07 PM)
Their investors want high profit margin so it's not like they are discouraged from making big gambles. Hedge fund managers that get fired will only be replaced by another hedge fund manager that will do the same thing. Even if the hedge fund bankrupt, other hedge fund will continue doing the same thing. Unless you literally ban all high risk investment, nothing will change. tongue.gif
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if those investors who pour money into those funds still wan to do such big gambles in future after this GME incident , then i have nothing to say biggrin.gif , its literally similar to gambling

but after this we will see much lesser shorting or those funds short beyond their capacity, in future if any fund dare to short >100% of the shares available, then its time for another wallstreetbets laugh.gif
ghoss
post Jan 28 2021, 12:17 PM

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neoexcaliber
post Jan 28 2021, 12:18 PM

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Funny how it's 'illegal' when normies do what large investors do.
billyboy
post Jan 28 2021, 12:26 PM

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QUOTE(SiewLee30 @ Jan 28 2021, 10:05 AM)
another level of troll. I hope those pushed the price at least got to exit before other bigshot dump 99
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the short position is 140% of the free float....the short selling exceeded the available shares....






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J1g54w
post Jan 28 2021, 12:29 PM

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QUOTE(whyamiblack @ Jan 28 2021, 11:54 AM)
Don't know about the Malaysian market and if shorting at such extreme is common but if so it can be done.

Just so everyone remembers, 1997 was caused by these fucks who manipulated and shorted asian currencies including our MYR which eventually led to a whole big collapse. They did it again to gamestop and they got fucking greedy and tried to short it to 0 so they don't have to pay back the cost.
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because gamestop is going to close business, that's why they thought they can make bank by shorting it to zero

if wall street does it it's not illegal, but when retail investors do it they shut down trading... this is how rich stays rich and becomes richer, because they manipulate the game to only favor them
UrbanGraduate
post Jan 28 2021, 12:32 PM

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QUOTE(Chinoz @ Jan 28 2021, 10:26 AM)
Now we wait to see who's left holding the bag at the end.
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This is why these gamers are the ones that are equally worst off in the end

Which is why I am advocating for financial education

This post has been edited by UrbanGraduate: Jan 28 2021, 12:33 PM
ShadowR1
post Jan 28 2021, 12:34 PM

Im still HeRe ...
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QUOTE(xenogearz88 @ Jan 28 2021, 09:57 AM)
Wall street elite investors wanna fuck up GameStop for shits and profit.

Reddit gamers caught wind of it and fucks up wall street investors at their own game

Said investors are going bankrupt in just two days thanks to gamers messing with stock market

Now rich elites are crying "MUH ECONOMY, MY MILLIONS! ".
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Thanks for the summary.
sembilan
post Jan 28 2021, 12:34 PM

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but what did the investment banks do actually? Short the position in the hope that Gamestop's price will go to zero?
Quantum Geist
post Jan 28 2021, 12:36 PM

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I for one, am enjoying this magnificent shit show
SUSAllnGap
post Jan 28 2021, 12:36 PM

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QUOTE(steady bro @ Jan 28 2021, 11:56 AM)
they will have to answer to those ppl who put their money into those funds, at least now it show to these greedy fund investors that shorting beyond their capacity (short 140% of the shares available) is very dangerous and can make them bankrap lol

this is also the main problem with these centralized markets, those elites can do whatever they want and earn as much as they can from the peasants, and regulators will say its perfectly legal lol
then now lose money ledi say its illegal and shutdown those reddit pages, discord etc hahahha
*
fucked up thing how could regulators allow shorting of 140% of available shares wan

even elon musk got pissed off and burn those MOFOs
ReoAyanami
post Jan 28 2021, 12:38 PM

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QUOTE(steady bro @ Jan 28 2021, 12:13 PM)
if those investors who pour money into those funds still wan to do such big gambles in future after this GME incident , then i have nothing to say biggrin.gif , its literally similar to gambling

but after this we will see much lesser shorting or those funds short beyond their capacity, in future if any fund dare to short >100% of the shares available, then its time for another wallstreetbets laugh.gif
*
QUOTE
The story chronicles the work of hedge fund manager Michael Burry (portrayed by Christian Bale), who recognizes that the U.S. housing market of the early 21st century is virtually an asset bubble inflated by high-risk loans. In 2005, Burry – the manager of Scion Capital — creates a credit default swap that would allow him to short the housing market. However, his clients grow angry. When banks and creditors argue that housing is stable, and the market in fact does keep on surging, his clients grow angry and fearful as Burry continues his short plays. When they demand their money back, he places a moratorium on withdrawals.

Burry, meanwhile, ends up producing nearly 500% returns for investors who stay with him through the duration of the housing market's collapse.

https://www.investopedia.com/articles/inves...t-explained.asp

Big risk, big reward. biggrin.gif

This post has been edited by ReoAyanami: Jan 28 2021, 12:38 PM
limfreelance
post Jan 28 2021, 12:38 PM

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investor thought themselves r very smart like 90an..but failed.
SUSLiamness
post Jan 28 2021, 12:40 PM

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QUOTE(Baconateer @ Jan 28 2021, 10:19 AM)
how did the redditors jacked the stock price up so high and why cant the investors just sell all the stocks? I assume the investors bought the stocks at very low price...since the stock price is so high now..arent they suppose to profit from it?  confused.gif
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Did you know that you can also profit from stocks dropping in price. Stock market is just calculated gambling. You are betting on it going up in price.

Shorting a stock is when you bet on it going down. When it goes down, you make a profit.

But when the stock goes up in price, as is the case here, then if you tried to short, you will lose money.

This post has been edited by Liamness: Jan 28 2021, 12:42 PM
steady bro
post Jan 28 2021, 12:41 PM

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QUOTE(AllnGap @ Jan 28 2021, 12:36 PM)
fucked up thing how could regulators allow shorting of 140% of available shares wan

even elon musk got pissed off and burn those MOFOs
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centralized body mar biggrin.gif , sendiri regulate, sendiri approve, sendiri validate laugh.gif

now we need DEFI!

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