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

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steady bro
post Jan 28 2021, 11:03 AM

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teach those arrogant shorters a lesson

they win billions from shorting for the past few decades no problem perfectly legal

now lose money cry father cry mother LOL, then tell the stock market to halt trading hahahhaha
only they can win money, cannot lose punya
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
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
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!
steady bro
post Jan 28 2021, 12:43 PM

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QUOTE(ReoAyanami @ Jan 28 2021, 12:38 PM)
Big risk, big reward. biggrin.gif
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looks like the helangs/elites will always win sad.gif
steady bro
post Jan 28 2021, 12:50 PM

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QUOTE(AllnGap @ Jan 28 2021, 12:47 PM)
I read somewhere is that fund doubled down after the stocks pump higher

Initially hedgefund dint short that much

That AMC won't pump so high because only 22% stocks were shorted nia, but if that fund doubled down buy shorting more and more then maybe another GME scenario will occur
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yup, and tomorrow the short for melvin capital will expire, they will need to buy back those shares at super inflated price laugh.gif lets see wat happens tomorrow
steady bro
post Jan 28 2021, 12:55 PM

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QUOTE(AllnGap @ Jan 28 2021, 12:52 PM)
I tot Melvin already bungkus ??

Right now seems that the stocks dealers butts will get burnt because their customers passed shit onto them.

Domino from hedgie to stock dealers d
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mainstream media say they sudah bungkus, but reddit say they doubled down and secretly trying for a comeback? hmm.gif
steady bro
post Jan 28 2021, 12:59 PM

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QUOTE(blackie19 @ Jan 28 2021, 12:57 PM)
AFAIK there’s no expiry date for short positions, they can hold on to those positions as long as they want provided they can pay the fees (rental, interest, whatever you wanna call them) and it’s these fees that are bleeding them dry.

What’s gonna happen Friday is that a lot of ITM options would get called and these would push up the price even more, theoretically. Short squeeze has not even happened yet.
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i see, thanks for the info! thumbup.gif
steady bro
post Jan 28 2021, 01:10 PM

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QUOTE(sembilan @ Jan 28 2021, 01:05 PM)
but how do they manipulate? If they are just placing "bet" hoping the price will come down, the most it gives is the impression that people are dumping the shares. but thanks for your reply.

It will be interesting to see how this pans out when it all ends
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they are allowed to short 140% of the floating shares available, imagine theres 1 million shares, but they are selling 1.4 million shares into the market, where the additional 400k shares come from? magic lo biggrin.gif

and because suddenly got so many shares selling flooding the market, it will bring down the price of the share by alot
steady bro
post Jan 28 2021, 02:00 PM

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QUOTE(rhodry @ Jan 28 2021, 01:50 PM)
Disagree with this. You all supporting this makes no sense. You support these jobless people with too much time on their hands getting a mob and messing with the market unnaturally. If it happens here then it can happen to others. Dangerous precedent to set.
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disagree? those elites/whales have been manipulating the market for dont know how long already, profiting billions and billions at the expense of normies like me and you, and now they lose money 1 time and u call that unfair? wow
steady bro
post Jan 28 2021, 03:59 PM

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QUOTE(lawliet88 @ Jan 28 2021, 03:55 PM)
its not just gamers
it start with 1 wsb redditor that went full ham
then some "elite" ppl did analyst/digging becoz that redditor while being a laughing stock of the group, is still updating and never give up
then they found out the Melvin asshole is bright open with lube, they spread the news with convincing info and join in

then a "movement" has been started, like whole global community of r/wsb-alike join in
then the Chamath tweet, then Elon Musk tweet, shit went viral in every social media platform,  normies join in

those normies are not just from US alone, its from everywhere. Not forgetting sharks with bigger amount of fund as well.
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dont forget those retail investors that lost alot of money due to melvin capital shorting before this, they will want to see melvin capital burn to ashes this time biggrin.gif
steady bro
post Jan 28 2021, 04:45 PM

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QUOTE(Hardcore Leveling Warrior @ Jan 28 2021, 04:43 PM)
i dont understand why cant the hedge fund just buy from retailers?
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retailers wont sell, all holding, and the longer they hold the more those hedge fund lose, cos those hedge funds need to buy back by tomorrow to return those 'borrowed' stocks from stock dealers

now all retailers hold see hedge funds burn laugh.gif

This post has been edited by steady bro: Jan 28 2021, 04:46 PM
steady bro
post Jan 28 2021, 08:17 PM

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QUOTE(blackie19 @ Jan 28 2021, 08:12 PM)
One thing I don’t understand.

Let’s say the price get so high that all shorts are not able to cover their bets and declare bankruptcy, what would happen next? As all these financial institutions, be it hedge funds, investment banks, brokers and others are intricately inter connected, when one fails it might trigger a chain reaction to bring down their counterparties.

Would GME trigger an earthquake and cause the entire capital market to collapse?
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good, then reform the market, and the broker should be jailed also for allowing 140% of shorts to be sold, this is illegal

but u see now they still pumping the shorts and its 240% now doh.gif
steady bro
post Jan 28 2021, 08:23 PM

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QUOTE(billyboy @ Jan 28 2021, 08:21 PM)
i think all the brokers / HF are preparing, thats why there is broad based sellling now as other liquid assets (eg shares) are being sold just in case liquidity / solvency issues come out.

broad based selling on the US indexes.
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so u think what will happen tomorrow? will melvin close their positions?
steady bro
post Jan 28 2021, 08:29 PM

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QUOTE(AllnGap @ Jan 28 2021, 08:26 PM)
dont think they can close all in one go
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the longer they drag, the more loss they will incur laugh.gif
steady bro
post Jan 28 2021, 08:39 PM

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QUOTE(Hardcore Leveling Warrior @ Jan 28 2021, 08:34 PM)
can explain to me what does it mean "close position"? sell all at loss?

i dont really know all the terms here, i want to understand
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close as in buy back the shares at loss(cos they sold it at $4 and now have to buy back at $500 and higher) and return it to the brokers, cos now they are 'borrowing' the shares from the broker(seller) and they already sold all the shares to retail investors when its priced at $4

so now they have NO shares in hand at all, but they have to return the borrowed shares back to the broker tomorrow (friday), so now they have to buy it back from the retail investors, but now the retail investors are not selling and continue pumping up the price

so if melvin capital cannot return back the shares to the broker tomorrow, then they will incur a heavy interest per day for each day they delay the return of the shares to the broker

This post has been edited by steady bro: Jan 28 2021, 08:41 PM
steady bro
post Jan 28 2021, 08:40 PM

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QUOTE(AllnGap @ Jan 28 2021, 08:34 PM)
i think they'll drag stock dealers into sharing their shit, like cause systemic collapse and force SEC to bail them out in someway

their MO is spread out the shit to make it look like systemic collapse
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definitely will ask gomen to bail them out again doh.gif , just like back in 2008 doh.gif
steady bro
post Jan 28 2021, 08:46 PM

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QUOTE(blackie19 @ Jan 28 2021, 08:44 PM)
I don’t think there’s a deadline for shorties to close their positions. This ain’t options yo.
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i mean when the interest kicks in biggrin.gif
steady bro
post Jan 28 2021, 08:47 PM

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QUOTE(Syie9^_^ @ Jan 28 2021, 08:45 PM)
2020 last march already bail out..what again need..

Daddy breast feeding? ranting.gif
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welcome to capitalism biggrin.gif
steady bro
post Jan 28 2021, 09:02 PM

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QUOTE(ali_xpdc @ Jan 28 2021, 08:57 PM)
Why don't they just..  don't buy the sold share?
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they sold theirs at $30 to $3 per share, now they want to buy back its at least $500 per share, how to buy? got $30 in bank account but need buy back a $500 share? biggrin.gif

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