Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 7 minutes ago, Ann said: Pretty much what I have been reading for days. The only people squealing at the moment are the talking-heads and the "elites." Nasdaq CEO even suggesting a halt to trading is incredible. Simply incredible. This is all theater. Again, the people who will eventually get &#%$ed will be retail investors stuck holding their dicks once the stock falls to it's fundamental value. Quote Link to comment Share on other sites More sharing options...
Dubs Posted January 28, 2021 Share Posted January 28, 2021 3 minutes ago, Meazza said: This is all theater. Again, the people who will eventually get &#%$ed will be retail investors stuck holding their dicks once the stock falls to it's fundamental value. it depends. I wonder how much retail money went in and the median investment. A lot of this is short sellers covering positions. But I’m sure there are some dopes that got caught up and put in way more than they can afford, but would also bet that’s the minority. Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, Dubs part Dub said: it depends. I wonder how much retail money went in and the median investment. A lot of this is short sellers covering positions. But I’m sure there are some dopes that got caught up and put in way more than they can afford, but would also bet that’s the minority. @GG1 explained it best. Do you really think that multi billion dollar hedge funds will all be caught? Maybe some but this seems as if it's retail investors driving up the stock and continuing to drive it up. Sorry but there's no way that retail investors aren't the one that get &#%$ed. Quote Link to comment Share on other sites More sharing options...
Dubs Posted January 28, 2021 Share Posted January 28, 2021 8 minutes ago, Meazza said: @GG1 explained it best. Do you really think that multi billion dollar hedge funds will all be caught? Maybe some but this seems as if it's retail investors driving up the stock and continuing to drive it up. Sorry but there's no way that retail investors aren't the one that get &#%$ed. will ALL be “caught”? of course not. But this is painful for many hedge funds and likely some retail investors who got caught up and didn’t know what was really going on. 1 Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, Dubs part Dub said: will ALL be “caught”? of course not. But this is painful for many hedge funds and likely some retail investors who got caught up and didn’t know what was really going on. Some, yes but when the dust settles, chances are that the retail investors will be the ones hurt the most. Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 Just now, DC Tom said: Except most of the institutions apparently haven't. Melvin Capital just got out of their positions yesterday afternoon, and there's reportedly several just as badly exposed. Then in that case, those guys need to fork over their MBA's. Quote Link to comment Share on other sites More sharing options...
Ann Posted January 28, 2021 Share Posted January 28, 2021 50 minutes ago, Meazza said: @GG1 explained it best. Do you really think that multi billion dollar hedge funds will all be caught? Maybe some but this seems as if it's retail investors driving up the stock and continuing to drive it up. Sorry but there's no way that retail investors aren't the one that get &#%$ed. There was a $2.75B capital injection by the hedge fund targeted earlier this week. There is a reason this is making the news and the Biden administration is "going to look into it," and it ain't because Joe Schmoe was left holding the bag. 1 1 Quote Link to comment Share on other sites More sharing options...
Dubs Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, Ann said: There was a $2B capital call by the hedge fund targeted earlier this week. There is a reason this is making the news and the Biden administration is "going to look into it," and it ain't because Joe Schmoe was left holding the bag. I saw something that said the WSB sub was it’s own hedge fund with 2.2M investors at an average investment of $6,200. that’s almost definitely not true, but kind of the point I’m interested in. How many “retail” investors at what cost. 1 Quote Link to comment Share on other sites More sharing options...
Koko Posted January 28, 2021 Share Posted January 28, 2021 3 hours ago, IDBillzFan said: These people are effin idiots. Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 26 minutes ago, DC Tom said: Never underestimate the stupidity of people in large groups, particularly on reddit. I mean, just go on reddit, and you'll see people saying "I'm riding this stock to 1000!" Yeah, it's not going to 1000. GameStop is not ending up with a market cap twice as large as Ford. Even if it hits 1000, no one on Robinhood is getting their order filled at 1000. Those are the idiots that end up holding the bag. Hedge funds don't end up holding the bag...they just hemorrhage billions unwinding their positions. About $30 billion of that stock was traded today. A stock that's maybe worth a few hundred million in total. Quote Link to comment Share on other sites More sharing options...
Ann Posted January 28, 2021 Share Posted January 28, 2021 So the subreddit is down, discord closed the wall street bets community. Methinks these people are getting a taste of big tech and who the power is behind it, and it is only a matter of time before worse happens. 1 Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 1 minute ago, Ann said: So the subreddit is down, discord closed the wall street bets community. Methinks these people are getting a taste of big tech and who the power is behind it, and it is only a matter of time before worse happens. Are you sure? I'm literally on it right now. Quote Link to comment Share on other sites More sharing options...
Ann Posted January 28, 2021 Share Posted January 28, 2021 14 minutes ago, Meazza said: Are you sure? I'm literally on it right now. I linked to it, so guess not. edited: Ok, they are saying it is now private, but I am not signed into reddit and can read it. And, it had been down prior. Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 14 minutes ago, DC Tom said: Five bucks free cash per share, and $5B in total revenue, I could see about a billion - $15/share - valuation at the high end. $8 is probably more reasonable, though. But like I said earlier...more than Ford? No. First, you need to find $500 mil to refinance the debt, then get out of the leases before you consider anything for the shareholders. Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 2 minutes ago, DC Tom said: First part's easy - sell a million shares this week. (Yes, I'm joking. That'd be a hell of a class-action suit.) That's the worst part. If I'm an insider at Gamestop, I'm dreading the fact that I own so much shares and yet I'm not allowed to sell them. Quote Link to comment Share on other sites More sharing options...
GG1 Posted January 28, 2021 Share Posted January 28, 2021 3 minutes ago, DC Tom said: First part's easy - sell a million shares this week. (Yes, I'm joking. That'd be a hell of a class-action suit.) Again, just like what Kodak wanted to do earlier in 2020 until SEC slapped them. Quote Link to comment Share on other sites More sharing options...
Nouseforaname Posted January 28, 2021 Share Posted January 28, 2021 https://arstechnica.com/gaming/2021/01/discord-bans-wallstreetbets-as-subreddit-briefly-goes-private/ Quote Link to comment Share on other sites More sharing options...
B-Man Posted January 28, 2021 Share Posted January 28, 2021 1 2 Quote Link to comment Share on other sites More sharing options...
B-Man Posted January 28, 2021 Share Posted January 28, 2021 CRUSH THE LITTLE PEOPLE: Nasdaq CEO Friedman says the exchange will halt trading in a stock if they link unusual activity to social media chatter. They really do make it easy to see what they’re afraid of. 2 1 Quote Link to comment Share on other sites More sharing options...
Ann Posted January 28, 2021 Share Posted January 28, 2021 https://twitter.com/neontaster/status/1354584917863227394 1 Quote Link to comment Share on other sites More sharing options...
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