"To appease unhappy staff"? Unhappy because they disagreed with the halt on moral grounds, or unhappy because they had millions of customers reaming them a new asshole?

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Probably both.

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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

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I don't mean this as a criticism of you. I was just talking to a friend of mine who is the COO of a $6 billion company and his views on the subject are very similar to yours. I just don't think you guys or guys who think the way you do- I'm sure Buffett and Munger fall into that category- understand the way so many of guys who are buying shares in these companies are thinking. Their motivations just aren't the same as yours. They're not building a blue chip portfolio. (Maybe some of them are, but this isn't part of it and they know that.) These are guys who are throwing $500-1000 into a stock for fun. They wouldn't be buying 4 shares of AAPL with that money if they weren't joining the GameStop train. More likely they'd be betting props in the conference finals.

_________________
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

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

Very much this. But also BlackRock holds what is now like a billion dollars worth of GameStop stock at this point.

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These people see this as "financial damage". Yeah, to their bank accounts.

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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

Boring end to the week. Where is the $1000 gme?

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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!

Seems far away for a stock at 325, but the Feb5 800 calls (the highest strike listed) are at 45/46. In other words, all you have to do to pocket $4,500 is sell one and hope GME doesn't close above $800 by next Friday.

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I have about as an unique as a perspective as anyone simply because I insure all these folks and see both the regulatory burden and their dirty laundry. The SEC is all over public companies. And since the Obama administration, the SEC has been issuing subpoenas to hedge funds like crazy. There was so much regulation that Congress passed the JOBS Act to relieve a lot of it.

Someone like Melvin has a public ADV disclosure on the SEC site. They also have their holdings shown on a form 13. It’s not like this is some unregulated, completely hidden unknown entity.

There are lots of self serving bad actors. You worry about the little guy. I feel the same way. What you have to understand is I want him/her buying Gamestop at a fair price. Pumping the shit out it so a 25 year old buys in at $250 is not helping the retail investor. Short sellers help price discovery by counterbalancing the sell side analysts and all the momentum traders.

I also want lots of financial products available to people. They all serve a purpose.

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Hawaii (fuck) You

We need more idealists like Denis in the marketplace. Seems like it is quite easy to be corrupted by piles and piles of cash.

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So why do you hate hedge funds then?

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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!

This guy obviously doesn’t know the dicks, pussies, ass holes speech.

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Anyone who buys Gamestop at $300 a share thinking it is a good long-term investment deserves to lose that money. It seems that you give people far too little credit. Buying and selling basic stocks is not rocket science. The way you describe retail investors makes it seem like they are neanderthals.

The extent to which she and her ilk are tone deaf is providing the extra laughs to the weekend.

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

I do wonder what percentage of the people holding actually believe the stock is worth north of $300 per share. Less than five percent?

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What better way do you have to determine a "fair" price than the free market? Do you want some kind of commission or czar setting the price that we are allowed to buy at? Geez, Dennis, I didn't realize you were some kind of commie.

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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

Yes and no. It started out very much like JORR described. I already know several people who do not have much disposable income, if any, and are not treating this like gambling. They are trying to jump in now to make money.

It seems to me like there is very good reason to be concerned with the "common man" or whatever you wanna call it jumping in on this phenomenon without knowing what the fuck they are doing and losing the little bit left they have. But, there's not much you can do to save people from their own poor choices ultimately. I certainly don't think any potential regulations that come from this will help those type of people, but I think criticizing the notion of being concerned is misguided.

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Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

The thing is, I think most of the concern is fake. It's being used as cover for, once again, giving the rich guy a break.

_________________
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

Well, sure. The old fucks on CNBC feigning concern fit in that boat. I just don't think Denis does

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

Not the lest bit suspicious. Half of me thinks the funds would rather bankrupt themselves than capitulate to the hoi polloi.

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Hedge funds now the underdogs. Rooting for them to win.

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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!

Poor Gabe Plotkin is right that GameStop is ackchyually almost worthless. Too bad a bunch of chatroom losers are making it worth over $300 a share.

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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

I never fully realized how detached MANY of the CNBC hosts and guests were from reality.

There are some good reoccurring guests who have been overall positive about the recent events, but MANY of the hosts have been exposed as billionaire dick sucking clowns.

It’s been really eye opening.

Also, LOL at Cramer calling in from his hospital bed this morning to tell the WSB traders to be careful because this could really end badly.

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Accelerationists about to have a moment.

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“You should have considered the risks involved” quite obviously applies to the bottom three. The 2008 collapse was something different.

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Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

That is your opinion.

My opinion is I agree with all 4.

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