Economy stonks v13, gamestonkegeddon

[Hadron90]

Will this trigger Occupy Wall Street 2.0?

This is Occupy Wall Street 2.0. Normal people just looted the hedge funds for billions.

 

[D 1 Wrestler]

Seems like reddit as a whole is crashing, crazy

 

[BIKES!]

End of an era

 

[PaleMoonlight]

Seems like reddit as a whole is crashing, crazy

Coordinated by the shorters while no one can buy.

 

[Gas121]

The end of investing and trading as we know it.

Truly shocking stuff today. We all know who's in charge of this rigged game.

Fuck them all the pigs. Life is not fair but fuck them.

I will never trade a stock in my life again and neither should any of you here after todays events. Truly unreal

 

[D3thr0n3d K1ng]

Is there anyone who still thinks the system isn't rigged?

 

[ElijahWood]

If people just fucking hold, the funds don't have a choice. They either buy at those prices or get bled every week on premiums.

I know nothing about the stock market but I've watched the big short about ten times and that was my first question.

So they are getting fucked with massive premiums like Christian Bale's fund in the movie?

This is essentially just a bubble like the 2008 housing bubble except the wrong people are getting rich this time, right?

 

[ElijahWood]

Seems like reddit as a whole is crashing, crazy

According to Vice everyone on reddit is a white supremacist now. Sorry @AgonyandIrony. Sorry @BEER.

And welcome to the club. We have armbands.

 

[HockeyBjj]

GME down to $130

it’s over

 

[44nutman]

If I owned a platform that allowed people to buy stocks, I would short a bunch of stocks and then make those stocks untradeable on my platform and then profit
I got out of $AMC with a nice profit this AM but it should have been way better. Sold $NOK for .02 more than I paid for it and still holding $BB.
Today was utter bullshit. Short a stock to 130% and then rig the system so you don’t get fucked for your reckless behavior.
#HedgeFundTerrorism.

 

[Hadron90]

I know nothing about the stock market but I've watched the big short about ten times and that was my first question.

So they are getting fucked with massive premiums like Christian Bale's fund in the movie?

This is essentially just a bubble like the 2008 housing bubble except the wrong people are getting rich this time, right?

Yes, exactly. You have to pay a weekly premium to keep a short position open. Just like how Michael Burry was getting bled by those premiums, hedge funds are getting bled by them now. And the higher the price goes, the higher the premiums. Some of them are already taking out billion dollars loans to just survive this week.

 

[Wadtucket]

Also @Wadtucket you are gonna bust the biggest load when you hear that Cathie bought some HIMS for your hairline fet.

What?? LINK!!!!!!!!!!!!!!!!!!!

 

[DoctorPablo]

Ja has joined WSB lol

Always good to know what Ja Rule thinks of the situation.

 

[Gas121]

Withdrew all stocks to my bank account immediately. I think they will even steal our money.

Just lol at investing and trading when this can happen. We all know who's in charge. Now save yourself a headache and get the fuck out of stocks.

That said, this does not bode well for wall street. Everybody has seen how the system works right in front of their eyes. I am deeply saddened by how rigged the system is and in life.

Stay safe yall and get the fuck out of stocks. Sell everything and put your money in the bank.

 

[Rational Poster]

Yes, exactly. You have to pay a weekly premium to keep a short position open. Just like how Michael Burry was getting bled by those premiums, hedge funds are getting bled by them now. And the higher the price goes, the higher the premiums. Some of them are already taking out billion dollars loans to just survive this week.

It's not like the shorts are all in one basket, they'll piece them out till the stock normalizes and then just cash out.

 

[Hadron90]

GME down to $130

it’s over

Lol. Not even close. They haven't even come close covering yet.

 

[ElijahWood]

LOL. How's it a coordinated raid? This info is public, and if a lot of people think it's a good buy, it's the same as going on cnbc and telling everyone to buy. Isn't it?

Lmfao of course @brackis1 is the only person not in in this. What a turd.

 

[MMAisGod]

It's 10:18 AM here, the fear selling you're probably about to see is gonna get real lol.

Well this comment aged well.

 

[Wadtucket]

Withdrew all stocks to my bank account immediately. I think they will even steal our money.

Just lol at investing and trading when this can happen. We all know who's in charge. Now save yourself a headache and get the fuck out of stocks.

That said, this does not bode well for wall street. Everybody has seen how the system works right in front of their eyes.

You know who runs your bank as well right?

Buy some land, gold, bitcoin, guns, and a bunker

 

[ElijahWood]

Yes, exactly. You have to pay a weekly premium to keep a short position open. Just like how Michael Burry was getting bled by those premiums, hedge funds are getting bled by them now. And the higher the price goes, the higher the premiums. Some of them are already taking out billion dollars loans to just survive this week.

Hilarious.

Realistically, what's to stop people doing this every time a bunch of vultures try to short a stock going forward?

Presumably Biden is going to step in an stomp on the little guys any time now?