GME, Hedge Funds, Citadel and Reddit

[Foxx]

Along with what is going on with AMC Entertainment Holdings Inc., might this be the next version of Bears and Sterns?

 

https://twitter.com/LarrySchweikart/status/1354520305134313472

 

https://twitter.com/ggreenwald/status/1354519365853585408

 

[Foxx]

Banning retail investors?

https://twitter.com/williamlegate/status/1354500987617218567

 

https://twitter.com/Cate__Johnson/status/1354502188626829312

 

[Boyst]

Ultimately, for what I know from stocks which is mostly on par with frozen orange juice concentrates these short buyers will eat a lot of $$ when they have tons of stock valued much higher than truly worth.

 

The joke will be on them when a stock costs $300 but worth $15.

[Foxx]

An open letter from r/wallstreetbets to CNBC.

 

[Ann]

2 hours ago, Ann said:

Well, on the GameStop thing...

1) Do not mess with gamers
2) David took down Goliath and Goliath don't like it.

Also, if there really was a "naked" short (I read 140% of the available stock was shorted... ummm) will anyone look into those brokers?

It started here: https://www.reddit.com/r/wallstreetbets/

Here's an interesting thread on this.

https://twitter.com/KFCBarstool/status/1354204713605099521

 

 

[Foxx]

Is Ag next for r/wallstreetbets?

 

https://old.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/

[Ann]

If those goofs want to take down Alphabet, Facebook, Twitter, and Amazon... I would not be opposed. Not going to happen, but a gal can dream.

[B-Man]

 

Hahahahahahaha..........

 

 

 

 

 

 

 

Of Course..........

 

 

[GG1]

56 minutes ago, Foxx said:

Banning retail investors?

https://twitter.com/williamlegate/status/1354500987617218567

 

https://twitter.com/Cate__Johnson/status/1354502188626829312

 

 

Pretty ballsy ironic piece on CNBC, whose business model revolves around telling unsophisticated individual investors that they can beat institutions.

[IDBillzFan]

 

These people are effin idiots.

[Ann]

Just now, DC Tom said:

 

 

The true horror of this is...

 

 

Scalping hedge fund managers who took a naked short position and were forced to cover?  Now equivalent to financing  terrorism.

 

These people are either criminally stupid... or criminally stupid. 

BTW, this guy writes about disinformation for Mother Jones. 

 

[B-Man]

 

 

Quote

 

El Sooopèrr! ن c137

@SooperMexican

Reddit shitposters cost the Dow Jones $164 billion.

 

 

 

[B-Man]

 

 

 

 

 

 

 

 

[Nouseforaname]

Yeah I'll just sit this one out.

[Nouseforaname]

3 minutes ago, DC Tom said:

 

Really?  I love me a good short squeeze, ever since I saw Andrea Electronics in '93 go from $50 to $300 to $80 to $200 in a single day.

 

I'll never play one - that's like juggling honey badgers during an earthquake.  But they're so much fun to watch.  

 

Or at least they were, until the victim class decided to ally themselves with &#%$ing hedge fund managers against reddit.    2021's certainly turning out to be no less insane than 2020, so far.

 

I meant that I won't touch any of these stocks.  I'm definitely enjoying the meltdown.

 

...of course if you follow reddit, you could potentially make 500% by jumping in at the right time. 

 

 

Edited January 27, 2021 by Meazza

[B-Man]

 

 

But according to the "experts"

 

[Nouseforaname]

3 minutes ago, B-Man said:

 

 

But according to the "experts"

 

 

Eventually the guys on reddit who bought it at a price so high will want to sell..

 

And who will they sell it to?

Edited January 27, 2021 by Meazza

[Ann]

4 minutes ago, Meazza said:

 

Eventually the guys on reddit who bought it at a price so high will want to sell..

 

And who will they sell it to?

Now? 🤷‍♀️ It doubled today and is now down from the high after hours. Someone will get stuck holding the bag though.
 

[Nouseforaname]

1 minute ago, Ann said:

Now? 🤷‍♀️ It doubled today and is now down from the high after hours. Someone will get stuck holding the bag though.
 

 

Exactly, and it will be a huge bag full of shit.

 

 

[Ann]

I think the craziest party is TD Amerirade restricting buying and "refunded" trades made on Tuesday.

1) who are they to say what you can/cannot trade?
2) erm were they the broker?
3) was their fund shorting these?