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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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Lost Memories
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Posts: 1949
Founded: Nov 29, 2012
Ex-Nation

Postby Lost Memories » Sat Jan 30, 2021 5:02 am

The hedge funds hanged themselves upside down to a rope, like bungee jumping, thinking to make a steal once they softly reach ground(=short selling).
And now people are pulling and raising that rope, which the shorters tied themselves to. Once the shorters untie themselves, the fall is going to be long for them. Or they can remain hanged up there.

(that sounds so gruesome, now that I pictured it, other considerations and just reasons aside)
http://www.politicaltest.net/test/result/222881/

hmag

pagan american empireLiberalism is a LieWhat is Hell

"The whole is something else than the sum of its parts" -Kurt Koffka

A fox tried to reach some grapes hanging high on the vine, but was unable to.
As he went away, the fox remarked 'Oh, you aren't even ripe yet!'
As such are people who speak disparagingly of things that they cannot attain.
-The Fox and the Grapes

"Dictionaries don't decide what words mean. Prescriptivism is the ultimate form of elitism." -United Muscovite Nations
or subtle illiteracy, or lazy sidetracking. Just fucking follow the context. And ask when in doubt.

Not-asimov

We're all a bit stupid and ignorant, just be humble about it.

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Lost Memories
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Founded: Nov 29, 2012
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Postby Lost Memories » Sat Jan 30, 2021 5:16 am

http://www.politicaltest.net/test/result/222881/

hmag

pagan american empireLiberalism is a LieWhat is Hell

"The whole is something else than the sum of its parts" -Kurt Koffka

A fox tried to reach some grapes hanging high on the vine, but was unable to.
As he went away, the fox remarked 'Oh, you aren't even ripe yet!'
As such are people who speak disparagingly of things that they cannot attain.
-The Fox and the Grapes

"Dictionaries don't decide what words mean. Prescriptivism is the ultimate form of elitism." -United Muscovite Nations
or subtle illiteracy, or lazy sidetracking. Just fucking follow the context. And ask when in doubt.

Not-asimov

We're all a bit stupid and ignorant, just be humble about it.

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Corrian
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Posts: 73684
Founded: Mar 19, 2011
New York Times Democracy

Postby Corrian » Sat Jan 30, 2021 5:21 am

So even without the whole weird stock thing, what is a good investment app to get? I've had plans to learn some about the stock market for reasonable investments even before we started the 2021 War Against the Hedge Funds, so I'd like to know what's good to utilize anyway. Obviously not Robinhood because fuck Robinhood, they should be ashamed of their namesake.
My Last.FM and RYM

RP's hosted by me: The Last of Us RP's

Look on the bright side, one day you'll be dead~Street Sects

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Diahon
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Postby Diahon » Sat Jan 30, 2021 5:27 am

Seangoli wrote:
An Alan Smithee Nation wrote:
Then what, do we end up with a repeat of the Wall Street crash of 1929?


If these brokers keep giving margin to their buddies? Possibly. I would hope the banking sector is relatively protected from this nonsense, however.

That said, no same broker should be giving anything out on Margin for gamestop at current levels. It is currently over shorted to a massive degree, and it is absolutely idiotic that we are potentially going to have a market crash involving a stocks for a company that was facing dire straights six months ago. The fact it has gotten this bad already says more about the financial sector than anything else. It simply should not be possible.


oh, is that ronnie reagan's burning grave i see? well, well

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Diahon
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Founded: Apr 01, 2020
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Postby Diahon » Sat Jan 30, 2021 5:30 am

but seriously though, guys, can you please pull back from the brink? sinking your economy over even gross injustices like this isn't worth it

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The Alma Mater
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Postby The Alma Mater » Sat Jan 30, 2021 5:32 am

Diahon wrote:but seriously though, guys, can you please pull back from the brink? sinking your economy over even gross injustices like this isn't worth it


What, exactly, is being lost here ? It is all non-existing money representing nothing.
Getting an education was a bit like a communicable sexual disease.
It made you unsuitable for a lot of jobs and then you had the urge to pass it on.
- Terry Pratchett, Hogfather

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Borderlands of Rojava
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Postby Borderlands of Rojava » Sat Jan 30, 2021 5:36 am

Diahon wrote:but seriously though, guys, can you please pull back from the brink? sinking your economy over even gross injustices like this isn't worth it


As I said earlier, for us the economy already is sunk. The wealthy are the only people who weren't struggling, but that changed now.
Leftist, commie and Antifa Guy. Democratic Confederalist, Anti-racist

"The devil is out there. Hiding behind every corner and in every nook and cranny. In all of the dives, all over the city. Before you lays an entire world of enemies, and at day's end when the chips are down, we're a society of strangers. You cant walk by someone on the street anymore without crossing the road to get away from their stare. Welcome to the Twilight Zone. The land of plague and shadow. Nothing innocent survives this world. If it can't corrupt you, it'll kill you."

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Diahon
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Founded: Apr 01, 2020
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Postby Diahon » Sat Jan 30, 2021 5:37 am

The Alma Mater wrote:
Diahon wrote:but seriously though, guys, can you please pull back from the brink? sinking your economy over even gross injustices like this isn't worth it


What, exactly, is being lost here ? It is all non-existing money representing nothing.


upon which a not insignificant and furthermore unhealthy portion of the american economy currently relies on

of course, my saying this is partly the reaction of someone like me when people throw good money -- real money, at that -- after bad, but only in part

that goes for you guys playing stock brinkmanship out of spite as well as the hedge funds, which may at this point be powered by the same pissing animus
Last edited by Diahon on Sat Jan 30, 2021 5:39 am, edited 1 time in total.

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The Alma Mater
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Postby The Alma Mater » Sat Jan 30, 2021 5:39 am

Diahon wrote:
The Alma Mater wrote:
What, exactly, is being lost here ? It is all non-existing money representing nothing.


upon which a not insignificant and furthermore unhealthy portion of the american economy currently relies on


If the economy is literally based on non-existing things it has already sunk.
Getting an education was a bit like a communicable sexual disease.
It made you unsuitable for a lot of jobs and then you had the urge to pass it on.
- Terry Pratchett, Hogfather

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Borderlands of Rojava
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Postby Borderlands of Rojava » Sat Jan 30, 2021 5:41 am

Diahon wrote:
The Alma Mater wrote:
What, exactly, is being lost here ? It is all non-existing money representing nothing.


upon which a not insignificant and furthermore unhealthy portion of the american economy currently relies on

of course, my saying this is partly the reaction of someone like me when people throw good money -- real money, at that -- after bad, but only in part

that goes for you guys playing stock brinkmanship out of spite as well as the hedge funds, which may at this point be powered by the same pissing animus


Haha stonk link go bing.
Leftist, commie and Antifa Guy. Democratic Confederalist, Anti-racist

"The devil is out there. Hiding behind every corner and in every nook and cranny. In all of the dives, all over the city. Before you lays an entire world of enemies, and at day's end when the chips are down, we're a society of strangers. You cant walk by someone on the street anymore without crossing the road to get away from their stare. Welcome to the Twilight Zone. The land of plague and shadow. Nothing innocent survives this world. If it can't corrupt you, it'll kill you."

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Corrian
Khan of Spam
 
Posts: 73684
Founded: Mar 19, 2011
New York Times Democracy

Postby Corrian » Sat Jan 30, 2021 5:44 am

Borderlands of Rojava wrote:
Diahon wrote:but seriously though, guys, can you please pull back from the brink? sinking your economy over even gross injustices like this isn't worth it


As I said earlier, for us the economy already is sunk. The wealthy are the only people who weren't struggling, but that changed now.

I kinda like the ironic sound of me using my corporate bonuses, and my stimulus, to fuck with Wall Street.
My Last.FM and RYM

RP's hosted by me: The Last of Us RP's

Look on the bright side, one day you'll be dead~Street Sects

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Corrian
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Founded: Mar 19, 2011
New York Times Democracy

Postby Corrian » Sat Jan 30, 2021 5:45 am

The Alma Mater wrote:
Diahon wrote:
upon which a not insignificant and furthermore unhealthy portion of the american economy currently relies on


If the economy is literally based on non-existing things it has already sunk.

Honestly.
My Last.FM and RYM

RP's hosted by me: The Last of Us RP's

Look on the bright side, one day you'll be dead~Street Sects

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Seangoli
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Founded: Sep 24, 2006
Psychotic Dictatorship

Postby Seangoli » Sat Jan 30, 2021 5:51 am

https://youtu.be/vRzPC5T3q0c

This is a real gem. I particularly like where he bring up the notion of what if redditors would band together and short attack a company into oblivion... You know... Like the Hedge Funds did with Gamestop.

Basically confirming the "Rules for Thee, not for me" mentality of these guys. This host is just a massive hypocrite every time I see anything he discusses.
Last edited by Seangoli on Sat Jan 30, 2021 5:52 am, edited 1 time in total.

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Echo Chamber Thought Police
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Posts: 935
Founded: Jan 25, 2021
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Postby Echo Chamber Thought Police » Sat Jan 30, 2021 6:11 am

Seangoli wrote:https://youtu.be/vRzPC5T3q0c

This is a real gem. I particularly like where he bring up the notion of what if redditors would band together and short attack a company into oblivion... You know... Like the Hedge Funds did with Gamestop.

Basically confirming the "Rules for Thee, not for me" mentality of these guys. This host is just a massive hypocrite every time I see anything he discusses.

how much do you want to bet that guys wife and most of his donors are hedge funders?
Add circa 10,000 posts on to current account, founded May 14th 2018. Agarntrop is other account.
LOHG: A UK-based political RP
OCCUPY THE HEDGEFUNDS - INVEST IN GAMESTOP
Left-leaning Social Democrat
You Have No Authority Here, Jackie Weaver

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Borderlands of Rojava
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Founded: Jul 27, 2020
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Postby Borderlands of Rojava » Sat Jan 30, 2021 6:13 am

Seangoli wrote:https://youtu.be/vRzPC5T3q0c

This is a real gem. I particularly like where he bring up the notion of what if redditors would band together and short attack a company into oblivion... You know... Like the Hedge Funds did with Gamestop.

Basically confirming the "Rules for Thee, not for me" mentality of these guys. This host is just a massive hypocrite every time I see anything he discusses.


I like this idea. Shorting the fuck out of companies till they collapse on themselves.
Leftist, commie and Antifa Guy. Democratic Confederalist, Anti-racist

"The devil is out there. Hiding behind every corner and in every nook and cranny. In all of the dives, all over the city. Before you lays an entire world of enemies, and at day's end when the chips are down, we're a society of strangers. You cant walk by someone on the street anymore without crossing the road to get away from their stare. Welcome to the Twilight Zone. The land of plague and shadow. Nothing innocent survives this world. If it can't corrupt you, it'll kill you."

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Corrian
Khan of Spam
 
Posts: 73684
Founded: Mar 19, 2011
New York Times Democracy

Postby Corrian » Sat Jan 30, 2021 6:15 am

Like even if this causes short term "issues", hopefully long term it actually benefits. Will it? Who knows. But hopefully it forces something to happen.
My Last.FM and RYM

RP's hosted by me: The Last of Us RP's

Look on the bright side, one day you'll be dead~Street Sects

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Comerciante
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Posts: 646
Founded: Dec 25, 2020
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Postby Comerciante » Sat Jan 30, 2021 6:21 am

Better to go down on our own terms than the terms and services hidden on the back page.
"Rumors of CFC affiliates building superweapons in orbit over Earth is fake news. Watch groups have corroborated this even though it would be to quote the BoD "totally rad."

#00: "The first step to acquiring real power, is to learn how to steal it from someone else, the second step is learning how to keep it the third step is to restart from the first step."
"Good and Evil are Two Tall Trees sitting upon a hill, the Tree of Good is Strong and Tall and does not bend, the Tree of Evil is Short and Flimsy when the wind blows Good resists, and breaks and falls on the floor and dies and Evil? well, it bends and it lives."

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My Political Fantasy
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Founded: Jan 10, 2021
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Postby My Political Fantasy » Sat Jan 30, 2021 6:21 am

Corrian wrote:Like even if this causes short term "issues", hopefully long term it actually benefits. Will it? Who knows. But hopefully it forces something to happen.


I hope the people at WSB are smart enough to start a charity with the short selling they've done. They need good PR or something quick.
A combination of the neutrality of Switzerland, the military capabilities of Israel, and the authoritarian governance of Russia.
I like to complain about bad governments are people halfway across the world, but I prefer that anyone except me deal with them.
The official themesong: https://www.youtube.com/watch?v=UbkqE4fpvdI

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Corrian
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Founded: Mar 19, 2011
New York Times Democracy

Postby Corrian » Sat Jan 30, 2021 6:23 am

My Political Fantasy wrote:
Corrian wrote:Like even if this causes short term "issues", hopefully long term it actually benefits. Will it? Who knows. But hopefully it forces something to happen.


I hope the people at WSB are smart enough to start a charity with the short selling they've done. They need good PR or something quick.

I'm pretty sure destroying hedge funds is plenty good PR if you ask me. But starting a charity is also a good idea.
My Last.FM and RYM

RP's hosted by me: The Last of Us RP's

Look on the bright side, one day you'll be dead~Street Sects

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My Political Fantasy
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Posts: 189
Founded: Jan 10, 2021
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Postby My Political Fantasy » Sat Jan 30, 2021 6:25 am

Corrian wrote:
My Political Fantasy wrote:
I hope the people at WSB are smart enough to start a charity with the short selling they've done. They need good PR or something quick.

I'm pretty sure destroying hedge funds is plenty good PR if you ask me. But starting a charity is also a good idea.

Probably not going to happen. There doesn't seem to be any goal except for short selling and bankrupting a hedge fund.

These people kind of remind me of the Anonymous group who went to the Church of Scientology just to make them look bad. There was no overarching goal except making them look stupid.
Last edited by My Political Fantasy on Sat Jan 30, 2021 6:31 am, edited 2 times in total.
A combination of the neutrality of Switzerland, the military capabilities of Israel, and the authoritarian governance of Russia.
I like to complain about bad governments are people halfway across the world, but I prefer that anyone except me deal with them.
The official themesong: https://www.youtube.com/watch?v=UbkqE4fpvdI

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Lost Memories
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Posts: 1949
Founded: Nov 29, 2012
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Postby Lost Memories » Sat Jan 30, 2021 7:13 am

While checking out the misery of youtube on this matter, I've come across a chinese stream following the gme market.

https://www.youtube.com/watch?v=KMAoPZGhR9A


I've no idea what they are saying or chatting, but the reactions are hilarious when they freak out.

Ops, my bad, they are koreans.
The stream title translates to: "Season 2 [Wang Yongne] I came to see a taste of GME, a game stop to enter the United States. "
http://www.politicaltest.net/test/result/222881/

hmag

pagan american empireLiberalism is a LieWhat is Hell

"The whole is something else than the sum of its parts" -Kurt Koffka

A fox tried to reach some grapes hanging high on the vine, but was unable to.
As he went away, the fox remarked 'Oh, you aren't even ripe yet!'
As such are people who speak disparagingly of things that they cannot attain.
-The Fox and the Grapes

"Dictionaries don't decide what words mean. Prescriptivism is the ultimate form of elitism." -United Muscovite Nations
or subtle illiteracy, or lazy sidetracking. Just fucking follow the context. And ask when in doubt.

Not-asimov

We're all a bit stupid and ignorant, just be humble about it.

User avatar
Rusozak
Negotiator
 
Posts: 5991
Founded: Jun 14, 2015
Inoffensive Centrist Democracy

Postby Rusozak » Sat Jan 30, 2021 7:15 am

Lost Memories wrote:Was this posted here already?



I'm okay with winnings being used for things like this.
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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SD_Film Artists
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Posts: 13399
Founded: Jun 10, 2009
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Postby SD_Film Artists » Sat Jan 30, 2021 7:18 am

Corrian wrote:So even without the whole weird stock thing, what is a good investment app to get? I've had plans to learn some about the stock market for reasonable investments even before we started the 2021 War Against the Hedge Funds, so I'd like to know what's good to utilize anyway. Obviously not Robinhood because fuck Robinhood, they should be ashamed of their namesake.


I'm not sure about stocks but as for forex Pepperstone have been a good company. Etoro spends loads on advertising but offer a poor deal with large margins.
Lurking NSG since 2005
Economic Left/Right: -2.62, Social Libertarian/Authoritarian: 0.67

When anybody preaches disunity, tries to pit one of us against each other through class warfare, race hatred, or religious intolerance, you know that person seeks to rob us of our freedom and destroy our very lives.

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Borderlands of Rojava
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Founded: Jul 27, 2020
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Postby Borderlands of Rojava » Sat Jan 30, 2021 7:55 am

Lost Memories wrote:Was this posted here already?



The revolution is here.
Leftist, commie and Antifa Guy. Democratic Confederalist, Anti-racist

"The devil is out there. Hiding behind every corner and in every nook and cranny. In all of the dives, all over the city. Before you lays an entire world of enemies, and at day's end when the chips are down, we're a society of strangers. You cant walk by someone on the street anymore without crossing the road to get away from their stare. Welcome to the Twilight Zone. The land of plague and shadow. Nothing innocent survives this world. If it can't corrupt you, it'll kill you."

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My Political Fantasy
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Posts: 189
Founded: Jan 10, 2021
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Postby My Political Fantasy » Sat Jan 30, 2021 7:57 am

Borderlands of Rojava wrote:
Lost Memories wrote:Was this posted here already?



The revolution is here.


On expensive billboards? lol.
A combination of the neutrality of Switzerland, the military capabilities of Israel, and the authoritarian governance of Russia.
I like to complain about bad governments are people halfway across the world, but I prefer that anyone except me deal with them.
The official themesong: https://www.youtube.com/watch?v=UbkqE4fpvdI

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