You just described 98% of people who play the market

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When I am stuck and need to figure something out I always remember the Immortal words of Socrates when he said:"I just drank what?"

Guy on CNBC just played the "Hedge funds have employees too!" card.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

They'll be fine. Didn't they get their $600 checks?

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Shorting takes the capital from poorly-run companies and transfers it to companies that could put it to better use. In theory.

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I'm sure when a free market alternative to Robinhood becomes popular Google and AWS will collude to have it removed from the Internet.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

On CNBC they have on Amy Lynch a former SEC regulator, who said it's unusual for a company like Robinhood to restrict trades, but they have to be in contact with and have the blessings of regulators.

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Why are only 14 percent of black CPS 11th-graders proficient in English?

I agree but think it's a bit different. It takes capital from overvalued companies, and transfers it to companies that are undervalued.

You can have a really well run, wonderful company, that just happens to be overvalued. A short position can come in (theoretically) and put downward pressure on the company to more align the price with the "proper" value for the company.

Fuck these people! They thought it was cute when a bunch of poor people lost their homes.


It's time for The Big Short II- Revenge of the Proles. I think Ryan Gosling should play Spiral Stairs.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

I will say, imagine being a guy that just had 100 share of gamestop a month ago because you did think it's a good investment.

Man, how fucking berserk would that be to see the investment take off like this.

Agreed

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We touched on it a bit earlier in the thread, but there has to be something the company can do to benefit from this, no? Seems crazy that these guys are just sitting in the board room as spectators, knowing that in a few days/weeks/months, the stock will be back at $20.

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Can't they issue more shares?

Sell Sell Sell

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In a few weeks they will buy Disney.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Yesterday, someone on CNBC pointed out GME now had the same market cap as Delta Airlines (and that was before the jump to $400+).

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It's pretty cool that there seems to be agreement that this is funny, regardless of political affiliation. Finally, something most non-1%ers can agree on.

Anyone who holds cryptos should consider getting into dogecoin just for fun. I'm not sure what the actual point of pumping dogecoin is, but it seems to be happening. It is up a few hundred percent since yesterday.

Elon is on board!

My wife had to explain the Doge meme to me. I still don't really get it.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Nor do I, but it just bought me a new snowblower.

Calling Curious Hair!!!! What's the front page on the Shiba Inu?

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Learn to code?

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Look at the volume. Insanely low.

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Look at the volume. Insanely low.

Same shit happened on Monday.

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Agree in theory, but a well-functioning market could do the same with regular trade volume.

I wouldn't declare that we need to make shorting stocks illegal, but we certainly can't put a cap on the risk that goes along with it. A free/fair market is a free/fair market. They know these risks when they get in, just as they knew the risks when they were buying and selling mortgage-backed securities at absurd rates. There are never real market ramifications for the "hedge fund crowd." What the Feds are doing with quantitative easing and printing of money is also just a bailout to investment companies. The inflation will eventually crush the middle and lower classes, but that's okay as long as the Wolves can hold their EV stocks at PE ratios in the hundreds. Some investment firms just had their best quarters in history as the fundamentals of our real economy continue to suffer. I hate to take such black-and-white positions, but basically, yeah, fuck them.

It's pretty amazing that some plebes reading Reddit punished them in a way that the market/government (same thing) never could.

Looks like the hedge funds won. All they had to do was destroy a few trading platforms.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Try AGQ next.

I have no idea what is going on here. Can somebody post a quick summary? If this has been done already, I apologize.

Thanks

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HOOOOOLD. These fucks want it under $200 soooooo bad.

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I can't even say they won, they're still down an enormous sum on their short positions. Any victory here by them is pyrrhic.

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“When I walked in this morning, and saw the flag was at half mast, I thought 'alright another bureaucrat ate it.'" - Ron Swanson

Perfectly legal. Shady but legal.

It's down 150. The dream is over