Economy stonks v13, gamestonkegeddon

[brackis1]

Can you explain the bolded text? I don't see how the average Joe is going to get a huge change in wealth? How many shares would Joe have to buy today for it to be worth $1 million based on it's expected ceiling? Otherwise, what's the point of buying 3 shares of Gamestop? That's not life changing even if they go 5x or 10x.

Because the person you're talking to is just repeating something they read on the internet that sounded cool to them and is not backed up by the reality that the biggest winners are enormously wealthy people getting in before and out before the retail sucker.

 

[PaleMoonlight]

Of course...the gains are only on paper until the shares are sold. So you have all these WSB guys with massive paper gains saying they're gonna continue the squeeze, which will drive the price even higher for a bit. But to recognize the actual profit, the shares need to be sold. Once that starts happening, they hit the market and the price plummets. And then it's just a matter of who got out first and who's stuck eating the cracker.

Since short is at 140%, doesn’t that mean that everyone will cover the spread and buying Lambos?

 

[Proud American]

Can you explain the bolded text? I don't see how the average Joe is going to get a huge change in wealth? How many shares would Joe have to buy today for it to be worth $1 million based on it's expected ceiling? Otherwise, what's the point of buying 3 shares of Gamestop? That's not life changing even if they go 5x or 10x.

Do not listen to brackis. He doesnt want hedge funds to be harmed. He would be happy if the hedge funds were protected.

Other rich entities may indeed money. That’s happens, but we don’t lose. Only if the “common man” loses faith and sells. That’s their aim now, try to get the people to sell and give the hedge fund a way out. To try and scare the people. Tell them that , we will lose money and only make the rich richer. Don’t listen to that shit. It’s obfuscation.

one rich entity will be destroyed for certain, I may lose money. I don’t care. and things like this can be repeated. To fuck with any entity. And this scares brackis. Bc he wants the evil entities to thrive.

 

[Cygnus A]

There is something bigger at stake here tbh.

I personally think the institutions, hedge funds etc are sweating now we are close to Friday and they haven't been able to contain the moonage. The walls are closing in and they know it, this is the last trick up their sleeve but I think it's to late. 3m users on reddit, there getting around 1 mill users a week atm and anyone interested in the market, traders know Friday is the day for blast off. Some will sell but there will be more buyers

Wsbets user increase is huge, all the social groups on fb etc are buying meme stocks. It's the same ol stocks GME, AMC, NOK, BB, BBY you name it. No one even talks about any other stocks anymore.

We will see the biggest change in wealth like never before and everybody should be cheering this shit on tommorow. A big fuck you to the elites. Now fucking hold and watch GME, meme stocks ggo out of orbit.

Position GME, BB, NOK.

I am way late to this party. Should I buy in? I have about 10k to drop.

 

[PaleMoonlight]

Can you explain the bolded text? I don't see how the average Joe is going to get a huge change in wealth? How many shares would Joe have to buy today for it to be worth $1 million based on it's expected ceiling? Otherwise, what's the point of buying 3 shares of Gamestop? That's not life changing even if they go 5x or 10x.

No one really knows how many shares you need to make a million but this event has been brewing for a year - when stocks were $2. Right now, you’ll need a lot of funds to be a millionaire because the stock is almost at $350. 3 weeks ago when I started, it was at $19. I added more stocks throughout. We’ll see how this plays out.

Because the person you're talking to is just repeating something they read on the internet that sounded cool to them and is not backed up by the reality that the biggest winners are enormously wealthy people getting in before and out before the retail sucker.

This isn’t true. It’s not a pump and dump. Info was free and any peasant could do it on their own with stock apps.

 

[ElKarlo]

LOL yep WS is going to be the 'She's a witch' default accusation now.

 

[ElKarlo]

BTW it looks like AMC the theater company is the next short squeeze.

 

[PaleMoonlight]

I am way late to this party. Should I buy in? I have about 10k to drop.

That’s tough because price is already high. Maybe do half? Biggest factor is if everyone panic sells tomorrow and price goes down below $115 - threshold when shorters have to buy.

 

[Proud American]

I am way late to this party. Should I buy in? I have about 10k to drop.

No no no . Don’t lose large amount of money. Unless you are skilled. And know how to not get stuck losing out. Then everyone would enjoy the help.

edit: man, but it sounds like some are throwing so much at this. I’m only putting in my small share of $100. Just to say I contributed. But man, it sounds like people want this to go up to the FED(it’ll never happen). Many won’t sell, but some others not as committed could buy now and sell when it’s up another $100

 

[Cirris]

This whole scenario reminds me of "Trading Places" and the Duke brothers stock market scene.

The scenario isn't exactly the same. But the small fry vs big firm aspect is spot on.

The scenario is somewhat reversed. Winthrop and Valentine were the short sellers in this case. Duke Brothers were expecting the prices to skyrocket when the report is released.

This is straight insider trading.

 

[PEB]

Billionaire tech investor Chamath Palihapitiya not a fan "he did make 300,000 an donated it" . He cut his position on Gamestop. He has no real problem with this type of investment but he does not see it sustainable.

Some of these early posters are making a lot of money while others lose money potentially. He's hardly alone on this line of thinking. He unlike tons of people on Wall Street is popular with many of the people in the kill the short seller movement.

He's a big proponent of bitcoin an is an early investor in it as well as Tesla. He's kinda a hero with many of these Redditors. If he raises questions it maybe something to be concerned about or at least looked into for sure.


https://www.google.com/amp/s/www.cn...ut-defends-individual-investors-right-to.html

 

[Officer Rick]

I am way late to this party. Should I buy in? I have about 10k to drop.

personally I would do it.. I'm expecting the value to go to to $800+ possible a grand.. I already got a few grand in and I'm buying 5 more shares tomorrow

 

[brackis1]

Damn I fucked up not buying that PSAC trash spac into this Faraday Future EV news trying to avoid the selloff these last few days; now gonna open at +80% despite being a total sketch co with a bankrupt chinese ceo.

 

[Gas121]

Going to bed tonight folks. Need rest.

Checked in to just remind you: Fucking HOLD. GME to $1000 close. Let's watch this squeeze a little more until Friday the real squeeze.

 

[Proud American]

 

[rob mafia]

tendies is 4chan lexicon. For chicken tendies

Sounds like everyone is adopting 4chans rallying cry.


We can remain retarded for longer that they can stay solvent.

both of these are wsb, not really 4chan.

<{cruzshake}>

 

[rob mafia]

Just an FYI this account is one of the mods from wsb if you got blocked from their sub

while true, he's also the shithead jartek mod (or jartek, himself) and we've been trying to get him kicked. he's cancer... and probably just trying to promote himself (like jartek/ttt)



the general of bull gang, himself.

 

[PaleMoonlight]

GME back up after a strong battle in Germany. Germans held and raised the price. Now it’s time for us to hold and buy once it opens.

China got in on it too. What an epic battle.

 

[PolishHeadlock2]

while true, he's also the shithead jartek mod (or jartek, himself) and we've been trying to get him kicked. he's cancer... and probably just trying to promote himself (like jartek/ttt)



the general of bull gang, himself.

I'm just spectator but this post on the sub promoting the account had a lot of upvotes.

I'm just trying to make people aware of the imposters.

 

[dirtypablo]

Can you explain the bolded text? I don't see how the average Joe is going to get a huge change in wealth? How many shares would Joe have to buy today for it to be worth $1 million based on it's expected ceiling? Otherwise, what's the point of buying 3 shares of Gamestop? That's not life changing even if they go 5x or 10x.

No the average Joe isn't going to be made a millionaire here. But probably 10s of thousands of people are going to make what is a very significant payday. Read the reddit threads, you'll see hundreds of real posters saying they're up a very significant (for them) amount.