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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 7:07 am 
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Joe Orr Road Rod wrote:
Absolutely. It's like Portnoy pointed out, this guy tanked his own company. Why would he do that? That shows you just how powerful Griffin is.
It shows how amazing this was. Robinhood, with a valuation of nearly $12 billion risked their entire future as a company to stop people from buying a stock that had a market cap of around $1 billion less than a month ago.

It's like an episode of Mr Robot.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 7:40 am 
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This is an amazing interview:

https://www.youtube.com/watch?v=hu-zGfi45RI

This clown Wapner is suddenly obsessed with "fundamentals". Does he think there should be some commission that looks at balance sheets, P&L statements, and then considers blue sky and puts a number on a stock over which it may not be traded?

He's spouting elitist pro-institutional talking points cloaked in a paternalism that I consider offensive. We've had a little of that here. Not much though, thankfully. Power to The People.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:28 am 
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My savvy stock trading buddy said there were a billion GME puts yesterday that would not have been exercised if it weren’t for RH tanking GME like they did by halting trading.

Who do you think owned the majority of those put options?

Infuriating.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:34 am 
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Jbi11s wrote:
My savvy stock trading buddy said there were a billion GME puts yesterday that would not have been exercised if it weren’t for RH tanking GME like they did by halting trading.

Who do you think owned the majority of those put options?

Infuriating.


Aren’t you happy that the option writers got burned? Who do you think wrote the majority of those put options trying to steal an easy, meaty premium?

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:45 am 
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They're coming for you denis...

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:45 am 
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Feels like the end times.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:47 am 
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SpiralStairs wrote:
Feels like the end times.

Sell at $500 and pay off your student loans.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:55 am 
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No chance TP. I love the idea that a certain segment of the population believes the game is rigged, then attempts to change the supposedly rigged game, then complains when the rigged game bites them in the ass.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 8:56 am 
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Joe Orr Road Rod wrote:
Dignified Rube wrote:
I suspect this is only going to escalate with silver being next to go a lot higher. People are completely fed up with the rigged game against them in the markets and with being forced to use a fiat currency that only devalues because of government money printing. If silver doesn't bust the system, people will next pull their deposits from the banks. Yes, we'll see bank runs.

Although he was kidding, JORR was right when he said this movement is the rise of the Prols.



I wasn't kidding.


I started saying this a few years ago here, and my observation has become more valid with each passing day: We are in the midst of a massive legitimacy crisis wherein our cornerstone social institutions and their leading figures are held in complete and utter contempt by vast sectors of the population.

From the perspective of political economy, this means that the neoliberal order is dead, but (as Zizek says) it just doesn't know it yet. Neoliberalism has failed, but nothing else has succeeded, so the neoliberal elites continue to operate as if "everything is generally good" (to borrow a Brickism) even as all that they once considered solid melts into air. It has become fashionable within the non-corporate media to say that the U.S. is approaching a state of civil war. But such a prognosis overstates the coherence of the current moment. Our society is not cleanly divided along a single line but is instead fractured into a kaleidoscope of antagonistic identities, competing interests and shifting alliances. This is simultaneously the end of something and the start of something, but nobody knows what just yet.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:20 am 
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Tall Midget wrote:
Joe Orr Road Rod wrote:
Dignified Rube wrote:
I suspect this is only going to escalate with silver being next to go a lot higher. People are completely fed up with the rigged game against them in the markets and with being forced to use a fiat currency that only devalues because of government money printing. If silver doesn't bust the system, people will next pull their deposits from the banks. Yes, we'll see bank runs.

Although he was kidding, JORR was right when he said this movement is the rise of the Prols.



I wasn't kidding.


I started saying this a few years ago here, and my observation has become more valid with each passing day: We are in the midst of a massive legitimacy crisis wherein our cornerstone social institutions and their leading figures are held in complete and utter contempt by vast sectors of the population.

From the perspective of political economy, this means that the neoliberal order is dead, but (as Zizek says) it just doesn't know it yet. Neoliberalism has failed, but nothing else has succeeded, so the neoliberal elites continue to operate as if "everything is generally good" (to borrow a Brickism) even as all that they once considered solid melts into air. It has become fashionable within the non-corporate media to say that the U.S. is approaching a state of civil war. But such a prognosis overstates the coherence of the current moment. Our society is not cleanly divided along a single line but is instead fractured into a kaleidoscope of antagonistic identities, competing interests and shifting alliances. This is simultaneously the end of something and the start of something, but nobody knows what just yet.


We may eventually see an end to our current Party system. We've seen throughout our history parties come and go or even change their planks. The coalitions put together by the Republicans and Democrats seem to becoming a bit more shaky, where those towards the center of both parties are trying to lasso in what the status quo might call the extremes (be it the Bernie Bros or the Tea Partiers).

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:28 am 
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Tall Midget wrote:
Joe Orr Road Rod wrote:
Dignified Rube wrote:
I suspect this is only going to escalate with silver being next to go a lot higher. People are completely fed up with the rigged game against them in the markets and with being forced to use a fiat currency that only devalues because of government money printing. If silver doesn't bust the system, people will next pull their deposits from the banks. Yes, we'll see bank runs.

Although he was kidding, JORR was right when he said this movement is the rise of the Prols.



I wasn't kidding.


I started saying this a few years ago here, and my observation has become more valid with each passing day: We are in the midst of a massive legitimacy crisis wherein our cornerstone social institutions and their leading figures are held in complete and utter contempt by vast sectors of the population.

From the perspective of political economy, this means that the neoliberal order is dead, but (as Zizek says) it just doesn't know it yet. Neoliberalism has failed, but nothing else has succeeded, so the neoliberal elites continue to operate as if "everything is generally good" (to borrow a Brickism) even as all that they once considered solid melts into air. It has become fashionable within the non-corporate media to say that the U.S. is approaching a state of civil war. But such a prognosis overstates the coherence of the current moment. Our society is not cleanly divided along a single line but is instead fractured into a kaleidoscope of antagonistic identities, competing interests and shifting alliances. This is simultaneously the end of something and the start of something, but nobody knows what just yet.
It may be a little early to spike the football on these thoughts. Bernie in 2016 was also a sign this was going to happen.

In my opinion, we won't see anything like you describe until we reach the tipping point on automation requiring UBI to become a necessity. It's theoretically possible that we are close to that tipping point though.

I apologize to anyone who is only here to read the thoughts of SpiralStairs if I have ruined the thread again.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:30 am 
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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:33 am 
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Harvard Dan wrote:
Tall Midget wrote:
Joe Orr Road Rod wrote:
Dignified Rube wrote:
I suspect this is only going to escalate with silver being next to go a lot higher. People are completely fed up with the rigged game against them in the markets and with being forced to use a fiat currency that only devalues because of government money printing. If silver doesn't bust the system, people will next pull their deposits from the banks. Yes, we'll see bank runs.

Although he was kidding, JORR was right when he said this movement is the rise of the Prols.



I wasn't kidding.


I started saying this a few years ago here, and my observation has become more valid with each passing day: We are in the midst of a massive legitimacy crisis wherein our cornerstone social institutions and their leading figures are held in complete and utter contempt by vast sectors of the population.

From the perspective of political economy, this means that the neoliberal order is dead, but (as Zizek says) it just doesn't know it yet. Neoliberalism has failed, but nothing else has succeeded, so the neoliberal elites continue to operate as if "everything is generally good" (to borrow a Brickism) even as all that they once considered solid melts into air. It has become fashionable within the non-corporate media to say that the U.S. is approaching a state of civil war. But such a prognosis overstates the coherence of the current moment. Our society is not cleanly divided along a single line but is instead fractured into a kaleidoscope of antagonistic identities, competing interests and shifting alliances. This is simultaneously the end of something and the start of something, but nobody knows what just yet.


We may eventually see an end to our current Party system. We've seen throughout our history parties come and go or even change their planks. The coalitions put together by the Republicans and Democrats seem to becoming a bit more shaky, where those towards the center of both parties are trying to lasso in what the status quo might call the extremes (be it the Bernie Bros or the Tea Partiers).



that's all I've ever wanted, the death of the 2 party system. It's the #1 reason I supported Trump from day 1.

The two party system is the single biggest reason this country has gone to shit. Both parties suck.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:43 am 
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Its not going to be hilarious watching CNBC act agast the DFV is a professional investor. Considering they have all week basically tried to paint WSB as an alt right group of basement dwellers who are spending their stimulous checks. Meanwhile guys like Chamath are like there is a ton of intelligence in WSB. Real investors. You just have to look for it.


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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:45 am 
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PM get your login hnd?

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:47 am 
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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:49 am 
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Ogie Oglethorpe wrote:


Portnoy is going to run for President.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 9:54 am 
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denisdman wrote:
PM get your login hnd?


i'm broken


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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:02 am 
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Jim Cramer calling from a hospital bed to yell "Don't lose money on Gamestop!" is a pretty good example of the absurdity of this whole situation.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:06 am 
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hnd wrote:
denisdman wrote:
PM get your login hnd?


i'm broken


You’re unique and beautiful, a treasure to our fine community.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:06 am 
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hnd wrote:
Its not going to be hilarious watching CNBC act agast the DFV is a professional investor. Considering they have all week basically tried to paint WSB as an alt right group of basement dwellers who are spending their stimulous checks. Meanwhile guys like Chamath are like there is a ton of intelligence in WSB. Real investors. You just have to look for it.


Yep - the only way this could be crushed is through identity politics. And they will try their best.

This seems different, though.


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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:07 am 
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WaitingforRuffcorn wrote:
Ogie Oglethorpe wrote:


Portnoy is going to run for President.


I think the dick pics he has sent around might block that path, but then again, he could always recover from it by grabbing some women by the pussy.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:12 am 
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denisdman wrote:
WaitingforRuffcorn wrote:
Ogie Oglethorpe wrote:


Portnoy is going to run for President.


I think the dick pics he has sent around might block that path, but then again, he could always recover from it by grabbing some women by the pussy.

I mean he does have that tape out where he "does the Bagwell"

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:16 am 
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Ogie Oglethorpe wrote:
I mean he does have that tape out where he "does the Bagwell"

Image

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:18 am 
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Do not listen to the older congress people trying to act like they are going to heavily restrict short selling.

They are going after retail investors.

Man I hate these crypt keeper looking politicians we have.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:20 am 
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none of them understand it. just like they don't understand how google and apple can keep so many photos on their phone but by golly they are going to make sure they do something about it...ie call their broker and bitch them out for not getting them in on this.


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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:22 am 
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They don’t.

CNBC just had this great grandpa looking guy from congress on who was talking about how he just wants people to go back to investing in a company and holding the stock for 4 years. Not 6 months.

So detached.

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:23 am 
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Jbi11s wrote:
They don’t.

CNBC just had this great grandpa looking guy from congress on who was talking about how he just wants people to go back to investing in a company and holding the stock for 4 years. Not 6 months.

So detached.

Image

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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:32 am 
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 Post subject: Re: GameStop
PostPosted: Fri Jan 29, 2021 10:33 am 
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denisdman wrote:
WaitingforRuffcorn wrote:
Ogie Oglethorpe wrote:


Portnoy is going to run for President.


I think the dick pics he has sent around might block that path, but then again, he could always recover from it by grabbing some women by the pussy.


Bill Maher predicted we would see presidential dick pics in the near future.

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