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  1. #1021
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    Quote Originally Posted by Manhattan View Post
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    https://twitter.com/BWildeMTL/status...506922497?s=19

    Quoting fintwit: And what happens when it isn’t GameStop that this gets done to but oil? Or corn?

    Then what? What a mess and the @Fed eralreserve doesn’t even know the monster they created here.

    Sure, fun little laugh when it’s the NASDAQ, not when food oil is next.
    So then what? Didn't George Soros do this kinda of thing? Isn't this the Americans specialty? Economic warfare? But not cool when a bunch of degenerates do it?

    Idk what I am talking about lol

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    Quote Originally Posted by max_boost View Post
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    So then what? Didn't George Soros do this kinda of thing? Isn't this the Americans specialty? Economic warfare? But not cool when a bunch of degenerates do it?

    Idk what I am talking about lol
    Shorting a stock profitably is incredibly hard to do to begin with but it's also a necessary evil in free markets as a method of price discovery in an efficient market. Ackman tried unsuccessfully for years to short the herbalife mlm unsuccessfully. The big short was basically shorting done the way it's intended.

    There was an attempt at proving a business to be unsustainable. WSB is pretty much warfare without cause. Pensioners invest in hedge funds that went under.

    EDIT: I'd say economic terrorism is the best way to describe it
    Last edited by Manhattan; 01-26-2021 at 07:50 PM.

  3. #1023
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    Know what prevents this? Make all forms of short selling illegal. Options too for that matter.
    Make stock purchases or sales the only legal transactions.

    Not. Gonna. Happen. But would work, and remove the financial incentive to making companies fail.
    Quote Originally Posted by killramos View Post
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    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  4. #1024
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  5. #1025
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    Of course. A few thousand young adults with stimulus cheques are going to move global oil and corn prices more than the established cartels already do. So much fear mongering.

    - - - Updated - - -

    Quote Originally Posted by ExtraSlow View Post
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    Know what prevents this? Make all forms of short selling illegal. Options too for that matter.
    Make stock purchases or sales the only legal transactions.

    Not. Gonna. Happen. But would work, and remove the financial incentive to making companies fail.
    Short selling balances long buying. What's the problem with options? Most of the time the market makers win on them. It becomes abundantly clear after studying the mechanics.

    Why is it only a problem now that the small guys are winning - with only a handful of stocks. Capitalism is good, right?

    Don't think for a second that there weren't other big money hedge funds in on these plays. Burry is probably still in this with his 3MM shares and whatever else.

    At the end of the day, some billionaires got caught with their dicks in the cookie jar...and triple downed on it when it was clear that they weren't going to wiin. Then they got a 2.7B bailout from their friends, who also happen to be the market maker...and probably doubled down again rather than covering their positions like they should.

    Watching this today was like a financial chess over a large scale. Several short attacks that were countered with a large scale defense of 150 at the end.

    Start at around 7mins.
    Last edited by The_Rural_Juror; 01-26-2021 at 11:06 PM.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    Quote Originally Posted by max_boost View Post
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    It’s hilarious, I actually rewatched episode 40 the other night. Buy calls! Buy puts! Bankrupt! Gangsters! Throw kids off the 50th floor!

    Feels so modern even tho this was from 1992 haha.
    Originally posted by SEANBANERJEE
    I have gone above and beyond what I should rightfully have to do to protect my good name

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    Hedge funds and reddit are both pooled people/funds. Melvin Capital got $2.75B from Citadel and Point72. No different from reddit acting together.
    Forgetting the other side of the trade can get you f*cked, end of story.

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    Power in unity.

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    Following the WSB/GME saga has been wildly entertaining.

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    +230% pre market for AMC

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    I bought 250 amc yesterday, already up 4x, should of bought more but it felt too much like gambling.
    Last edited by nzwasp; 01-27-2021 at 07:40 AM.

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    BlackRock reported buying over 9mm shares of gme in a filing. Also saw comments about 11mm. Big money is in this.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

  12. #1032
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    Quote Originally Posted by The_Rural_Juror View Post
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    BlackRock reported buying over 9mm shares of gme in a filing. Also saw comments about 11mm. Big money is in this.
    Isn't that black rock purchase from December?

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    Quote Originally Posted by nzwasp View Post
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    I bought 250 amc yesterday, already up 4x, should of bought more but it felt too much like gambling.
    nice, getting close to 300% soon!

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    Quote Originally Posted by nzwasp View Post
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    So how does the afterhours market work - what makes the price move when the market is closed?
    Quote Originally Posted by nzwasp View Post
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    I mean can people make trades afterhours?
    Quote Originally Posted by nzwasp View Post
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    I bought 250 amc yesterday, already up 4x, should of bought more but it felt too much like gambling.
    Haha holy fuck. Trust me buddy, you buying literally any stock is gambling. May the odds be in your favour.

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    https://www.reddit.com/r/wallstreetb...ort=confidence

    Came for GME shitshow, left questioning sexuality.

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    Quote Originally Posted by cjblair View Post
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    Haha holy fuck. Trust me buddy, you buying literally any stock is gambling. May the odds be in your favour.
    I was telling my wife about the $GME this morning and she was like well you can buy a couple if you want....I didnt tell her about AMC.

    My wife is the most risk adverse person with investing. Everything in medium risk mutual funds since she was in her 20s. Im 40 now and all my stuff is in high risk.

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    Are these funds stupid? When they release news like this, it'll just anger the mob more. They should have kept their mouth shut and do it all quietly. One big reason this blew up was because of highly hated shorter Andrew Left/Citron. Sticking it to the "tutes" comes with that.

  18. #1038
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    Quote Originally Posted by nzwasp View Post
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    I bought 250 amc yesterday, already up 4x, should of bought more but it felt too much like gambling.
    Congrats! even RKT is making moves

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    But wtf is up with AMC... why is WSB so quiet on it? Is it shorts panicking that it’s next? Is it a calculated ploy by MMs to draw attention into something else? ...and yes of course I sold that too before it exploded

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    Quote Originally Posted by roopi View Post
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    Isn't that black rock purchase from December?
    So were a lot of the retails investors. What's the difference? Betcha they didn't get their advice from Reddit.

    - - - Updated - - -

    Quote Originally Posted by nzwasp View Post
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    I bought 250 amc yesterday, already up 4x, should of bought more but it felt too much like gambling.
    Oh noes. You are now part of the problem. Reporting to SEC.
    Last edited by The_Rural_Juror; 01-27-2021 at 08:27 AM.
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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