Economy stonks v13, gamestonkegeddon

[Hadron90]

Original post -

A message to everyone on Wall Street from somebody with nothing to lose. You only think you’re in control.

You’re trying to scare us into selling. It won’t work. Let me explain why.

I grew up poor. I grew up on the poor side of town. I remember my parents struggling with money for years. Shitty cars. Shitty clothes. Never owned any video game consoles because not only did my parents not approve of them, they couldn’t afford them. Ramen was a staple at home. I still eat it to this day. Pro tip you can have for the future - a slice of cheese and a whisked egg in your ramen make it way better than just with seasoning alone.

I’ve been broke almost my entire life. I’ve never had more than $9,000 liquid at one time. I’ve been nearly homeless too many times to count. I’m an expert at thrift store shopping. I’ve worked 50, 60, 70, 80, even 90 hour weeks at shit jobs since I started working at 18. I’ve never stolen. My parents raised me to be honest and a good person and a hard worker and that’s just who I am.

I have struggled and have always dealt with debt and I have lived basically paycheck to paycheck for my entire adult life.

If you think the prospect of losing the few hundred dollars I have in GME is going to scare me into selling before Friday, you couldn’t be more wrong.

When you only ever average like $1,000 in your checking account, what’s the difference when it’s $100 or $10? Do you have any idea how many times I’ve been there before? You know what I do when I’m completely fucking broke? I literally shrug my shoulders and play some video games or music until my next paycheck. And I’ll do it again. I’m not here to get rich overnight. I don’t have enough to invest to make that happen. I’m here to say fuck you and to be a part of this moment, this movement. I will never sell. Never. I don’t even care about the money at this point. If I never see it again it makes no difference to me. I have to go right back to work tomorrow and the next day and next week and next month and next year.

There isn’t a single thing you can say or do to change my position. I risk my money happily. I am not the least bit scared or worried. You might be a financial expert, I am a survival master.

Power to the people.

I will not sell.
-Unknown

Literally and unironically true. I lived in a trailer in rural Kentucky most of my life. If my account went to $0, I'd just be back to normal.

 

[K1levelgrappler]

Random idiots: "omg if we create a ton of volatility, we can fuck with brokers and force shorts to close their overlevered positions"

Also Random idiots: "omg why did my broker close my ridiculous position due to volatility?!!?!"

I’m not a big time stock guy but is it reasonable or ethical to sell that guys shit out from under him?

 

[PolishHeadlock2]

@brackis1 is just larping as a corpo. The reality is that he is a 54-year old associate manager at Office Depot, larping as a Wallstreet executive. Its quite pathetic.

@brackis1 is my boy and I believe he is probably more right than he is wrong in his exchanges over the past couple of days

 

[BIKES!]

funny enough, i bet you actually don't.

We all do a good job separating politics from the stonk threads, but that shit poster is the absolute worst. Basement dwelling child.

 

[Cuzcatlan]

I'm still holding
200 BB
200 Nokia
100 AMC

I'm about 2.5k down on all 3. Fuck it.

 

[Rational Poster]

Bro, there are a lot of people who made really good money on this stuff. The "TO THE MOON" folks might be a lil irrational, but anyone who had been telling people to invest in GME in the last 2 weeks was genuinely giving good advice.

I never said that it wasn't a good bet to the start, I'm talking about the continued holding. There's going to be a point where dogshit is worth dogshit again.

There is no actual value being added to Gamestop as a company.

 

[Hadron90]

I’m not a big time stock guy but is it reasonable or ethical to sell that guys shit out from under him?

You'd have to know the specifics of his account. Its one of the dangers of trading on margin. The idea of trading on margin is that your broker will let you borrow money to trade with, and the idea is that if your trade goes bad you can sell your other stocks to pay them back. What was happening there was that he probably trading on a lot of margin, and then when the price of GME spiked down, Robinhood noticed that he didn't really have enough assets to cover his margin anymore, and forced him to sell them. It really fucking sucks when that happens, especially when the stock skyrockets back up afterward, but that is always a risk of trading on margin.

 

[rob mafia]

I’m not a big time stock guy but is it reasonable or ethical to sell that guys shit out from under him?

tl;dr - depends on if he was stretched on margin or not.

technically, the brokers can close any positions of yours, though, if they think there's too much risk (that said, there either needs to be margin or naked long calls/naked short puts for it to make sense)

 

[Deleted member 513083]

Always worth refreshing this video ever so often for the meme stocks in the back.

Dümp ett

 

[brackis1]

@brackis1 lol

Dude runs an "all in" poker blog, tweets his endorsement of a stock, then tries to pretend to be a hero for the common men he just led off a financial cliff.

 

[rob mafia]

I'm still holding
200 BB
200 Nokia
100 AMC

I'm about 2.5k down on all 3. Fuck it.

i bailed on bb after the rh kiss of death... hoped they'd open up bb later so i could pick some up on the cheap, though.

 

[Proud American]

@brackis1 lol

 

[Hadron90]

i bailed on bb after the rh kiss of death... hoped they'd open up bb later so i could pick some up on the cheap, though.

$BB is the most bullshit freeze of all of them. $BB isn't a short squeeze. People were just bullish on it because their patents, ev software, and cybersecurity branch.

 

[K1levelgrappler]

You'd have to know the specifics of his account. Its one of the dangers of trading on margin. The idea of trading on margin is that your broker will let you borrow money to trade with, and the idea is that if your trade goes bad you can sell your other stocks to pay them back. What was happening there was that he probably trading on a lot of margin, and then when the price of GME spiked down, Robinhood noticed that he didn't really have enough assets to cover his margin anymore, and forced him to sell them. It really fucking sucks when that happens, especially when the stock skyrockets back up afterward, but that is always a risk of trading on margin.

Yeah after doing a bit more reading I’m aware that’s a possible explanation. I think in light of some of the other fuckery today people are seeing stuff like that and instantly getting suspicious.

 

[Proud American]

Original post -

A message to everyone on Wall Street from somebody with nothing to lose. You only think you’re in control.

You’re trying to scare us into selling. It won’t work. Let me explain why.

I grew up poor. I grew up on the poor side of town. I remember my parents struggling with money for years. Shitty cars. Shitty clothes. Never owned any video game consoles because not only did my parents not approve of them, they couldn’t afford them. Ramen was a staple at home. I still eat it to this day. Pro tip you can have for the future - a slice of cheese and a whisked egg in your ramen make it way better than just with seasoning alone.

I’ve been broke almost my entire life. I’ve never had more than $9,000 liquid at one time. I’ve been nearly homeless too many times to count. I’m an expert at thrift store shopping. I’ve worked 50, 60, 70, 80, even 90 hour weeks at shit jobs since I started working at 18. I’ve never stolen. My parents raised me to be honest and a good person and a hard worker and that’s just who I am.

I have struggled and have always dealt with debt and I have lived basically paycheck to paycheck for my entire adult life.

If you think the prospect of losing the few hundred dollars I have in GME is going to scare me into selling before Friday, you couldn’t be more wrong.

When you only ever average like $1,000 in your checking account, what’s the difference when it’s $100 or $10? Do you have any idea how many times I’ve been there before? You know what I do when I’m completely fucking broke? I literally shrug my shoulders and play some video games or music until my next paycheck. And I’ll do it again. I’m not here to get rich overnight. I don’t have enough to invest to make that happen. I’m here to say fuck you and to be a part of this moment, this movement. I will never sell. Never. I don’t even care about the money at this point. If I never see it again it makes no difference to me. I have to go right back to work tomorrow and the next day and next week and next month and next year.

There isn’t a single thing you can say or do to change my position. I risk my money happily. I am not the least bit scared or worried. You might be a financial expert, I am a survival master.

Power to the people.

I will not sell.
-Unknown

Godspeed Unknown Soldier!

 

[Hadron90]

 

[K1levelgrappler]

lmao

 

[brackis1]

@brackis1 is my boy and I believe he is probably more right than he is wrong in his exchanges over the past couple of days

Cheers thanks. I have no financial stake in any of the stonks.

 

[skysolo]

lmao

Like the fraud squad. They are doing what they are told.

 

[MMAisGod]

I can vouch for lil brackis giving out useful stonk tips and generally good advice, irregardless of him seething and being salty over Palantir and GME

I appreciate you bruvva

Double vouch for Brackis and Rob. Thread legit has made me thousands extra that I would have likely missed out on had I not chatted/followed for so long. Nutman too, flipping things like Alpha Pro Tech because he wouldn't stop talking about it

i bailed on bb after the rh kiss of death... hoped they'd open up bb later so i could pick some up on the cheap, though.

Legit word for word how it went for me too.


@Cuzcatlan BB has failed us.