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The Gamestop Stock Market Boogaloo

For discussion and debate about anything. (Not a roleplay related forum; out-of-character commentary only.)

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Washington Resistance Army
Khan of Spam
 
Posts: 54796
Founded: Aug 08, 2011
Father Knows Best State

Postby Washington Resistance Army » Wed Jan 27, 2021 10:32 am

Hellenic Polytheist, Socialist

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The Marlborough
Minister
 
Posts: 2643
Founded: May 27, 2020
Ex-Nation

Postby The Marlborough » Wed Jan 27, 2021 10:32 am

Kubra wrote:Gamestop is slowly dying tho, the end result of this debacle is that when the shares inevitably drop the shitposters are gonna be left holding the bags.

I get the bag!
How could the Irish potato famine happen if they were surrounded by fish?
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Solarampa
Envoy
 
Posts: 286
Founded: Apr 21, 2020
Ex-Nation

Postby Solarampa » Wed Jan 27, 2021 10:32 am

GameStop's stock is almost under 300 right now. We may see people panic selling making the price crash faster

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The Marlborough
Minister
 
Posts: 2643
Founded: May 27, 2020
Ex-Nation

Postby The Marlborough » Wed Jan 27, 2021 10:32 am

Washington Resistance Army wrote:God bless Elon.

St. Elon of Tesla.
How could the Irish potato famine happen if they were surrounded by fish?
Support the Lil Red Dress Project to bring awareness to MMIWG.
Bless our neon cyberpunk future.

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Tillania
Chargé d'Affaires
 
Posts: 412
Founded: May 08, 2004
Liberal Democratic Socialists

Postby Tillania » Wed Jan 27, 2021 10:33 am

The Lone Alliance wrote:
Lazarian wrote:Damn straight!

I’m not particularly leftist, but I do wonder if Marx was right about class consciousness. Things seem to be changing (if slowly), and it’s not just this little stock pushback.

It's real and it's starting to happen, sure the culture war and the left and right piss fights in the media distract people but if you look at this you realize a lot more people are coming together than they used too.

This is why the culture war was invented: "Don't listen to those people, they want to turn the frogs gay!"
This sig intentionally left blank

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Kowani
Post Czar
 
Posts: 44957
Founded: Apr 01, 2018
Democratic Socialists

Postby Kowani » Wed Jan 27, 2021 10:33 am

Kubra wrote:Gamestop is slowly dying tho, the end result of this debacle is that when the shares inevitably drop the shitposters are gonna be left holding the bags.

They don’t care
American History and Historiography; Political and Labour History, Urbanism, Political Parties, Congressional Procedure, Elections.

Servant of The Democracy since 1896.


Historian, of sorts.

Effortposts can be found here!

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Northern Socialist Council Republics
Senator
 
Posts: 3761
Founded: Dec 13, 2020
Ex-Nation

Postby Northern Socialist Council Republics » Wed Jan 27, 2021 10:34 am

The Lone Alliance wrote:The rich elites usually get away with it but they got stupid and greedy, and now they're mad that once again they're having to accept consequences, and they hate that.

Society needs to rediscover the meaning of the phrase, let the heaviest burdens fall on the broadest shoulders.

Because it seems that every time we have a crisis, we do the exact opposite. How much you want to bet that this story ends by regulation that stops small investors from profiteering like this that won’t do a thing to restrict the usual practices of larger investors?
Call me "Russ" if you're referring to me the out-of-character poster or "NSRS" if you're referring to me the in-character nation.
Previously on Plzen. NationStates-er since 2014.

Social-democrat and hardline secularist.
Come roleplay with us. We have cookies.

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Lazarian
Minister
 
Posts: 2086
Founded: Jul 14, 2013
Capitalist Paradise

Postby Lazarian » Wed Jan 27, 2021 10:35 am

Ethel mermania wrote:
Washington Resistance Army wrote:TO. THE. MOON. I got in at just under $70 and it's over $300, we're riding this up to $1,000 and we're gonna crush Melvin.

Melvin is out as of yesterday.

Supposedly. The numbers don’t seem to add up for that.

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Kubra
Post Marshal
 
Posts: 17204
Founded: Apr 15, 2006
Father Knows Best State

Postby Kubra » Wed Jan 27, 2021 10:36 am

Kowani wrote:
Kubra wrote:Gamestop is slowly dying tho, the end result of this debacle is that when the shares inevitably drop the shitposters are gonna be left holding the bags.

They don’t care
Depends on who "they" are. You'll notice the loudest voices for a shitcoin are the quietest when a pump ends: they've already cashed out.
“Atomic war is inevitable. It will destroy half of humanity: it is going to destroy immense human riches. It is very possible. The atomic war is going to provoke a true inferno on Earth. But it will not impede Communism.”
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Washington Resistance Army
Khan of Spam
 
Posts: 54796
Founded: Aug 08, 2011
Father Knows Best State

Postby Washington Resistance Army » Wed Jan 27, 2021 10:36 am

Northern Socialist Council Republics wrote:
The Lone Alliance wrote:The rich elites usually get away with it but they got stupid and greedy, and now they're mad that once again they're having to accept consequences, and they hate that.

Society needs to rediscover the meaning of the phrase, let the heaviest burdens fall on the broadest shoulders.

Because it seems that every time we have a crisis, we do the exact opposite. How much you want to bet that this story ends by regulation that stops small investors from profiteering like this that won’t do a thing to restrict the usual practices of larger investors?


That's why I'm trying to cash out so much here and now. Retail investors got blamed for 2008 while the people who actually crashed the economy and ruined millions of lives got bailouts and no punishments. Fuck them and their system, if I can make a couple years worth of income in a few days AND bankrupt some jackasses on Wall Street I'm game.
Hellenic Polytheist, Socialist

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Rusozak
Negotiator
 
Posts: 6979
Founded: Jun 14, 2015
Inoffensive Centrist Democracy

Postby Rusozak » Wed Jan 27, 2021 10:37 am

Since when was the market fair? Seems to me like the cutthroat "survival of the fittest" Wall Street mentality turned around to bite the people advocating it for years and now that they're shorted they're whining about unfairness and a need for regulation.
NOTE: This nation's government style, policies, and opinions in roleplay or forum 7 does not represent my true beliefs. It is purely for the enjoyment of the game.

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The Lone Alliance
Powerbroker
 
Posts: 9435
Founded: May 25, 2005
Left-Leaning College State

Postby The Lone Alliance » Wed Jan 27, 2021 10:38 am

Northern Socialist Council Republics wrote:
The Lone Alliance wrote:The rich elites usually get away with it but they got stupid and greedy, and now they're mad that once again they're having to accept consequences, and they hate that.

Society needs to rediscover the meaning of the phrase, let the heaviest burdens fall on the broadest shoulders.

Because it seems that every time we have a crisis, we do the exact opposite. How much you want to bet that this story ends by regulation that stops small investors from profiteering like this that won’t do a thing to restrict the usual practices of larger investors?

That's likely the plan however the interesting point is that at this point a lot of the big money people are jumping in on the same side as the little guy and I have a feeling that's going to cause a problem when they try to come down on it, a lot of the smart Investors are going to want stuff like this to happen from now on, sure it's out and out Stock Market Casino antics but some rich people are going to win big from this too.

At this point the question is if this spreads to the market at large, I could see a problem there, be very ironic if the government has to bail out a bunch of Hedge funds because they lost to the Average American Taxpayer.

I also see how they plan to control the retail investors, they simply shut down the apps and systems they use when they do stuff Wall Street doesn't like.
https://www.zerohedge.com/markets/retai ... ccelerates
Last edited by The Lone Alliance on Wed Jan 27, 2021 10:42 am, edited 2 times in total.
"Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the pacifists for lack of patriotism, and exposing the country to greater danger." -Herman Goering
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Ethel mermania
Post Overlord
 
Posts: 129578
Founded: Aug 20, 2010
Corrupt Dictatorship

Postby Ethel mermania » Wed Jan 27, 2021 10:41 am

Washington Resistance Army wrote:God bless Elon.

He does hate him some shorts.
https://www.hvst.com/posts/the-clash-of ... s-wl2TQBpY

The West won the world not by the superiority of its ideas or values or religion … but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.
--S. Huntington

The most fundamental problem of politics is not the control of wickedness but the limitation of righteousness. 

--H. Kissenger

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Fahran
Forum Moderator
 
Posts: 22562
Founded: Nov 13, 2017
Democratic Socialists

Postby Fahran » Wed Jan 27, 2021 10:45 am

Hold the line, boys and girls! Hold the line!

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Ethel mermania
Post Overlord
 
Posts: 129578
Founded: Aug 20, 2010
Corrupt Dictatorship

Postby Ethel mermania » Wed Jan 27, 2021 10:46 am

The Lone Alliance wrote:
Northern Socialist Council Republics wrote:Society needs to rediscover the meaning of the phrase, let the heaviest burdens fall on the broadest shoulders.

Because it seems that every time we have a crisis, we do the exact opposite. How much you want to bet that this story ends by regulation that stops small investors from profiteering like this that won’t do a thing to restrict the usual practices of larger investors?

That's likely the plan however the interesting point is that at this point a lot of the big money people are jumping in on the same side as the little guy and I have a feeling that's going to cause a problem when they try to come down on it, a lot of the smart Investors are going to want stuff like this to happen from now on, sure it's out and out Stock Market Casino antics but some rich people are going to win big from this too.

At this point the question is if this spreads to the market at large, I could see a problem there, be very ironic if the government has to bail out a bunch of Hedge funds because they lost to the Average American Taxpayer.

I also see how they plan to control the retail investors, they simply shut down the apps and systems they use when they do stuff Wall Street doesn't like.
https://www.zerohedge.com/markets/retai ... ccelerates


They are not shutting them down, their systems can't handle the volume. Excuse me for a moment


BWAHAHAHAHAHAHA

I wonder what their retail trade agreements look like, do they have an obligation to execute legal trades?
https://www.hvst.com/posts/the-clash-of ... s-wl2TQBpY

The West won the world not by the superiority of its ideas or values or religion … but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.
--S. Huntington

The most fundamental problem of politics is not the control of wickedness but the limitation of righteousness. 

--H. Kissenger

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Neutraligon
Game Moderator
 
Posts: 42345
Founded: Oct 01, 2011
New York Times Democracy

Postby Neutraligon » Wed Jan 27, 2021 10:49 am

This is just so glorious, schadenfreude at its best.
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The Two Jerseys
Postmaster of the Fleet
 
Posts: 20987
Founded: Jun 07, 2012
Father Knows Best State

Postby The Two Jerseys » Wed Jan 27, 2021 10:49 am

True Capitalism at work. I approve.

This is also why I'd rather bet on horses than invest in the stock market...
"The Duke of Texas" is too formal for regular use. Just call me "Your Grace".
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Solarampa
Envoy
 
Posts: 286
Founded: Apr 21, 2020
Ex-Nation

Postby Solarampa » Wed Jan 27, 2021 10:51 am

Pay attention to Blackberry too. They are rising pretty good

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Greater Kopmakia
Attaché
 
Posts: 96
Founded: Mar 29, 2019
Ex-Nation

Postby Greater Kopmakia » Wed Jan 27, 2021 10:52 am

The big companies don't like that the average people figured out how to get back at them so they're crying for regulations.
I want your smamwich.


Greater Kopmakia: The land of top-class infrastructure, sprawling national parks, and loud, drunken tourists.

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Kowani
Post Czar
 
Posts: 44957
Founded: Apr 01, 2018
Democratic Socialists

Postby Kowani » Wed Jan 27, 2021 10:54 am

Solarampa wrote:Pay attention to Blackberry too. They are rising pretty good

From chatter I’ve been seeing, Blackberry, AMC, and Nokia are the ones people are looking at inflating next
American History and Historiography; Political and Labour History, Urbanism, Political Parties, Congressional Procedure, Elections.

Servant of The Democracy since 1896.


Historian, of sorts.

Effortposts can be found here!

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Washington Resistance Army
Khan of Spam
 
Posts: 54796
Founded: Aug 08, 2011
Father Knows Best State

Postby Washington Resistance Army » Wed Jan 27, 2021 10:55 am

Kowani wrote:
Solarampa wrote:Pay attention to Blackberry too. They are rising pretty good

From chatter I’ve been seeing, Blackberry, AMC, and Nokia are the ones people are looking at inflating next


WE LIKE THE STOCKS!

It is so great to be able to just crush Wall Street at their own games.
Hellenic Polytheist, Socialist

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Rusozak
Negotiator
 
Posts: 6979
Founded: Jun 14, 2015
Inoffensive Centrist Democracy

Postby Rusozak » Wed Jan 27, 2021 10:56 am

Washington Resistance Army wrote:
Kowani wrote:From chatter I’ve been seeing, Blackberry, AMC, and Nokia are the ones people are looking at inflating next


WE LIKE THE STOCKS!

It is so great to be able to just crush Wall Street at their own games.


It's like a revenge fantasy unfolding in real life.
NOTE: This nation's government style, policies, and opinions in roleplay or forum 7 does not represent my true beliefs. It is purely for the enjoyment of the game.

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Fahran
Forum Moderator
 
Posts: 22562
Founded: Nov 13, 2017
Democratic Socialists

Postby Fahran » Wed Jan 27, 2021 10:56 am

Kowani wrote:
Solarampa wrote:Pay attention to Blackberry too. They are rising pretty good

From chatter I’ve been seeing, Blackberry, AMC, and Nokia are the ones people are looking at inflating next

AMC is already going up, I believe. I'll have to check again.

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Northern Socialist Council Republics
Senator
 
Posts: 3761
Founded: Dec 13, 2020
Ex-Nation

Postby Northern Socialist Council Republics » Wed Jan 27, 2021 10:56 am

Washington Resistance Army wrote:WE LIKE THE STOCKS!

It is so great to be able to just crush Wall Street at their own games.

Note: if you’re a hedge fund manager and you don’t already have a Reddit account, make one now.
Call me "Russ" if you're referring to me the out-of-character poster or "NSRS" if you're referring to me the in-character nation.
Previously on Plzen. NationStates-er since 2014.

Social-democrat and hardline secularist.
Come roleplay with us. We have cookies.

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Washington Resistance Army
Khan of Spam
 
Posts: 54796
Founded: Aug 08, 2011
Father Knows Best State

Postby Washington Resistance Army » Wed Jan 27, 2021 10:58 am

Fahran wrote:
Kowani wrote:From chatter I’ve been seeing, Blackberry, AMC, and Nokia are the ones people are looking at inflating next

AMC is already going up, I believe. I'll have to check again.


It's quadrupled in a few days time already.
Hellenic Polytheist, Socialist

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