Gamestop stock being pumped to the moon by Redditors

Kforcer said:
Well, the WSB crowd is certainly getting vilified so far. Jim Cramer appears somewhat sympathetic to them, but he didn't appear on his show yesterday, apparently. So who knows what that means. But it seems like someone employing him doesn't want to hear him acting as an advocate for WSB, just based on that
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100% they are going to spin this as Wall Street was the victim, not them trying to fuck Gamestop
 
ProPROpro said:
100% they are going to spin this as Wall Street was the victim, not them trying to fuck Gamestop
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Tonight on the nightly news "Wall Street brokers are attacked by international hackers(probably russian or chinesse) from a deep web website, why should you care and why these groups need to be stopped from putting the economy at risk"
 
ProPROpro said:
100% they are going to spin this as Wall Street was the victim, not them trying to fuck Gamestop
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Gamestop should be fucked. There shitting up sales practicing has been annoying since forever and paying people 5dollars for a 50 game they sold you yesterday is BS. Gamestop needs to fail. There are tons on video describing the horror of working for them
 
armbarforhire said:
Tonight on the nightly news "Wall Street brokers are attacked by international hackers(probably russian or chinesse) from a deep web website, why should you care and why these groups need to be stopped from putting the economy at risk"
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Those damn Russians! And China at it again! And hackers!! ZOMG brain melts. SAVE WALL STREET
 
I mentioned some of this in my earlier post in this thread, but I'll expand on it.

I do have money invested in the market, but I have a government pension as well. The money I have invested to me is "extra" and IF I do well, I can retire earlier which is what I want, but the whole thing is really messed up to me.

I am not an expert, but back 30+ years ago stocks made sense. A company made a good product, you bought their stock (essentially increasing their revenue), and they either made better products or didn't and their stock went down. It was highly coupled to the companies actual financials.

Nowadays, you have weird devices like CDS (which aren't really tied to anything) together with all this social media talk and most of the stocks are not coupled at all to their actual financials as it's now a lot of speculation that drives the prices. I have benefited from this weird system because it's basically the only way to grow your money now, but it's crazy to think that the majority of most people's retirements are tied to this shit now.
 
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deadshot138 said:
Heard this is called pumping and dumping and is illegal
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That is not what this. This is a short squeeze. Very different. The institutional “ naked shorters” got squeezed. Totally legal. It happened to Tesla shorters last year and Porsche did it to Volkswagen shorters about 10 years ago. Big money hedge funds made big high risk (and often illegal) bets and got caught.
 
Gonna be ugly for a lot when the music stops and people realize there are chairs at all to sit in
 
woodguyatl said:
That is not what this. This is a short squeeze. Very different. The institutional “ naked shorters” got squeezed. Totally legal. It happened to Tesla shorters last year and Porsche did it to Volkswagen shorters about 10 years ago. Big money hedge funds made big high risk (and often illegal) bets and got caught.
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Porsche squeezed like $10B out of the shorters, that was a great one.

I also loved how someone put it: ”Shorting stocks is high risk, high reward. Well, here’s the fucking risk.”
 
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