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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
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Webull put GME and several other targets on reduce only status just shortly ago. Interesting cross section of public personalities noticing the (((shenanigans))).
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Joined: Oct 2010
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Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
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You white folk granted the franchises in a willing, legal fashion Yes, no argument there. It was all (((legal))). Just like it was more than 100 times before...
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Joined: Dec 2002
Posts: 25,862
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 25,862 |
So let me get this straight.
Some guy dumped a ton of borrowed Game Stop stock onto the market, intending to artificially deflate the price of said stock. He did this with intent of repurchasing said stock at artificially low value so he could bank a few million.
But a whole bunch of numskulls got together and bought up his Game Stop, and now he has none to buy back to repay his debt. So he has to pay $200 to $400 per share to repurchase what he sold at $20.
And he is losing $Billions. And he is bitching because someone is manipulating the market besides him.
Is that about it?
Apparently there are a lot of guys out there like the one sitting beside me that bought one share of GME when it hit $70. He is laughing his ass off.
So am I, as long as Prudential is not playing such games with my 401K.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Jul 2006
Posts: 4,814
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,814 |
Far as I can tell you can buy it on Etrade as I type. I expect the former "little guys" who got in on this can afford another brokerage account.
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
You white folk granted the franchises in a willing, legal fashion Yes, no argument there. It was all (((legal))). Just like it was more than 100 times before... Yet you white folks never learn. You can’t seem to be able to clean up your own mess that you’ve made of your own doing. Waiting here on you folks to start the disenfranchisement process. You might want to step up the pace a little bit. You’re falling further behind by the day and are steadily losing your adherents. Or had you even noticed? The boxcars are waiting and many of you have already willingly boarded. Or have you even noticed?
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
I just had a GME buy close on Schwab....
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Joined: Sep 2009
Posts: 46,245
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2009
Posts: 46,245 |
This has been so much fun to watch, can't wait to see which one they pick next. Seems the Reddit crowd started on Silver this morning..... rumors flying trades are getting held up No market maven here. All I can contribute is Fidelity was sporadically bombing on trades and nix-ing certain types of trades this morning and it was impossible to get someone on the line to discuss it. Interesting Dirt.... starting to appear the whole damn systems is being manipulated You guys be careful out there Fubar and Dirt, glad I'm done with that chit!
Trump Won!
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
Goyim are noticing some things...
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
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I just had a GME buy close on Schwab.... Any Jews among the managers of your Schwab accounts, Stick? Laffin here.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Nov 2003
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Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Goyim are noticing some things... Ohh yeah! Noticing and actions are 2 different entities. Or had you noticed?
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Posts: 79,321
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
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Joined: Nov 2003
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Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Ghosts of the Hunt brothers.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Jul 2006
Posts: 4,814
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,814 |
So let me get this straight.
Some guy dumped a ton of borrowed Game Stop stock onto the market, intending to artificially deflate the price of said stock. He did this with intent of repurchasing said stock at artificially low value so he could bank a few million.
In the same way guys have borrowed shares of TSLA for the last several years figuring at many different points that it was overvalued because its market cap is gigantic and they haven't made much in the way of money other than selling govt subsidies. Hoping to buy back at a profit. Their nuts have been squeezed off. Its been a slow motion version of what happened in a day or two with GME. People on the other side made money because of them.
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
Noticing and actions are 2 different entities. Thank you for Jewsplaining that. I’d been assuming that noticing was prerequisite for acting, but good to have confirmation from someone who’s people have been through this process more than 100 times.
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Joined: Oct 2010
Posts: 7,682
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
Posts: 7,682 |
Some guy dumped a ton of borrowed Game Stop stock onto the market That is an element of it, just replace “some guy” with multiple hedge fund managers. Another is leverage. People were selling call contracts for more GME than they controlled, and when those contracts started finishing In The Money the funds’ hedges (GME they actually held) were quickly consumed. This forced them to either sell open contracts, which handed them a loss, or buy more GME to cover which drove up its price (and caused them a loss). That leverage is how more shares were being shorted than GameStop had even floated.
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Joined: Mar 2006
Posts: 1,711
Campfire Regular
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Campfire Regular
Joined: Mar 2006
Posts: 1,711 |
Fidelity worked this morning. TDameritrade was clunky and slow.
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Joined: Jun 2002
Posts: 131,627
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,627 |
Sickening. In a fair world, they would be prosecuted for efforts to manipulate free trade in securities.
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Joined: Jun 2002
Posts: 131,627
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,627 |
Webull put GME and several other targets on reduce only status just shortly ago. Interesting cross section of public personalities noticing the (((shenanigans))). Yep.
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Joined: Aug 2017
Posts: 9,057
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
Posts: 9,057 |
Hedge funds do exactly what the nerds have done every day.
Instead of a few fund managers manipulating equities, a group of pissed off millenials did it.
Its nothing new and for hedge funds and wall Street commentators to call for regulations is exactly what is rigged in the game. If they can do it, we should be able to as well.
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Joined: Jun 2002
Posts: 131,627
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,627 |
Yes, no argument there. It was all (((legal))). Just like it was more than 100 times before...
109?
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