Economy stonks v12, gamestonk?

G-19 said:
Citadel had to bail out shorts so you know damn well they’re doubling down. I hope they all get fucking burned alive on this one. Citron and Melvin are scumbags so it’s not like good people are having their kids college funds wasted away here.
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lol @ thinking Melvin and Citron are scumbags, but the people who run WSB aren't.
What makes them evil and Chamath not evil?
 
PaleMoonlight said:
If peasants are involved in winning, that makes them the good guys IMHO.
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Except the peasants are the ones who are going to get slaughtered while a bunch of professional stockrunners make bank. You think the folks buying GME at its peak are gonna be anything other than the poorest dumbest people?
 
G-19 said:
Citadel had to bail out shorts so you know damn well they’re doubling down. I hope they all get fucking burned alive on this one. Citron and Melvin are scumbags so it’s not like good people are having their kids college funds wasted away here.
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Watching these fucks get wrecked is epic. Everyday it's getting worse for them.

Buy every last drip of gme and make these fucks suffer. Its our time, the peasants, the average Joe on the street.

Rest in fucking piss Citron.
 
brackis1 said:
Except the peasants are the ones who are going to get slaughtered while a bunch of professional stockrunners make bank. You think the folks buying GME at its peak are gonna be anything other than the poorest dumbest people?
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Most already bought before this week man. Plus they told everyone about this a year ago. How is that a scam? They’re giving solid advice.
 
PaleMoonlight said:
Most already bought before this week man. Plus they told everyone about this a year ago. How is that a scam? They’re giving solid advice.
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Quite simply; no
Most people are random rubes who heard about GME yesterday or bought today because of Chamath.
 
brackis1 said:
Quite simply; no
Most people are random rubes who heard about GME yesterday or bought today because of Chamath.
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We’ll agree to disagree on this. I respect you and follow your advice for the most part.
 
PaleMoonlight said:
I’m one of them and gains has been high. If that makes me a parrot - proud to be one!
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Same. I have never studied finance a day in my life. I've just followed whatever WSB has been pumping for the last two years, and nearly tripled the $SPY returns. I put zero thought into anything. I just buy whatever memes they are pumping. Ironically, I did put thought into Gamestop, which is why I missed out. I rode it from like $9 to $12 and cashed out thinking there was no way it would go higher. I should have just listened uncritically.
 
Hadron90 said:
If you are scared of bagholding (being one the last to sell), you probably should steer clear of Gamestop. Its high risk/high reward. Its either going to keep mooning +100% every day, or its going to get fucking crushed by into the teens. But this isn't a typical situation. You probably should try playing around with some other stocks first so you don't lose all your money the first day on the market.
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Thanks for the advice - I threw some money in just for fun and am okay with losing it, yet I'm just wondering if there is any reason I shouldn't pull out now with a ~70% gain. Assuming it keeps going higher, are there any markers to look for that one should say, okay its getting close to the top, time to hop off?
 
brackis1 said:
lol @ thinking Melvin and Citron are scumbags, but the people who run WSB aren't.
What makes them evil and Chamath not evil?
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Most of them are pieces of shit that destroy retail investors. I’d love it if everyone was certified and understood the market better but the truth is we have people getting hustled everyday by those manipulating the market. Anyway, I know you’re an educated guy who has seen more than enough on Citron and their shoddy hit piece research reports. I wouldn’t mind seeing those who do the fucking get bent over once in a while. Since Covid started we saw one of the biggest transfers in wealth from the middle class to the 1%

I enjoy volatility because it makes trading options worth the headache researching but I hate hearing about people stupidly losing everything.
 
dirtypablo said:
Thanks for the advice - I threw some money in just for fun and am okay with losing it, yet I'm just wondering if there is any reason I shouldn't pull out now with a ~70% gain. Assuming it keeps going higher, are there any markers to look for that one should say, okay its getting close to the top, time to hop off?
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Nope. If you could predict that reliably, you would be rich. 70% gain is tremendous. People always say "profit is profit". That means never be ashamed of bowing out and taking your winnings.
 
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G-19 said:
Citadel had to bail out shorts so you know damn well they’re doubling down. I hope they all get fucking burned alive on this one. Citron and Melvin are scumbags so it’s not like good people are having their kids college funds wasted away here.
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That's what is making this so poetic

The people (retail) is literally bankrupting the evil corrupt hedge funds and distributing their loot to the average investor
 
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