The Gamestop Stock Market Boogaloo

[Cannot think of a name]

Wall Street Journal dips their toe in on the "white supremacist investors" angle

The offensive messages were probably paid for bots, apparently. Anybody who goes to r/wsb and sees the sea of Occupy Wall Street posts should immediately be dissuaded from this argument. Most of these people *hate* Trump, and are merely taking advantage of a situation of him putting regulators asleep at the wheel, allowing potentially unlawful behavior to go on for a long as time.

I've spent enough time on the internet to know that a group of any significant size will eventually attract people who make racists, sexist, and homophobic posts as a guarantee. That such posts were really made by real people for me is not in doubt. That they would be the driving force behind what's happening would take more than just going "people are shitty on the internet."

[Lost Memories]

Gamestop ain't the only one. Raping the shorts by out Manipulating the short sellers, actually seems like a strategy that should be used by hedge funds. AMC will be harder because they have many more shares than GME, and they took advantage of the ridiculous spike to issue more stock and improve their cash position


https://www.marketwatch.com/story/here- ... 1611687693

In theory, but I don't see that happening regularly, the reality is that most of the finance sector players are all too much colluded, for the short selling to be outplayed consistently by other hedge funds, and to actually "balance the free market".
The financial "professionals" who could outplay the short sellers regularly, to the point of discouraging the practice, those who could, are too scared of reprisals. As they are not as anonymous or averagely mixed in the crowd as the retail investors.

If this short selling revenge is going to carry on, which is hard to say because GME favored from very specific conditions, this looks like mainly a retail investors playing field, with the other bigger investors tailing after them.

[Lost Memories]

The investing logic and movement structure are also different, between retailers and institutional investors.
The retailers who are currently playing on gamestop, have a striking resemblance to the investors of cryptocurrency: many, medium/small, coordinated, focalized.
Which is different from the institutional financial speculators: few, big, individualistic, differentiated.

I don't think the institutional financial market could pull this kind of short selling reversals, as good and effectively. They are too worried about their own gains.
The retailers on reddit and other platforms are madmen, who some of them don't even care about gaining from their investments, when this all blows off they will still have their same old jobs, they know it, and they want to enjoy the moment until it lasts. Financial gains come second, for some of them. Which is their strenght, setting them apart from hedge funds and other institutional investors.

[Ethel mermania]

Gamestop ain't the only one. Raping the shorts by out Manipulating the short sellers, actually seems like a strategy that should be used by hedge funds. AMC will be harder because they have many more shares than GME, and they took advantage of the ridiculous spike to issue more stock and improve their cash position


https://www.marketwatch.com/story/here- ... 1611687693

It's going to be a god damn blood bath. It is also going to be good in the medium term for a lot of retailers to inboard onto long term prospects as these hedge funds are forced to liquidate other assets to cover their idiotic short positions, and across the board prices will go down.

These guys are throwing actual good money after bad bets and many are going to get wrecked in the process.

Maybe, the fundamentals don't favor gamestop. They are dying a slow death. If you could take a short position on a 6 month contract without risking a margin call, it would be a reasonable bet. But those pesky calls can be very expensive when an option for 10,000 shares goes from 4.00 to 130.00 a share

[Scandinavian Federated Alliance]

Wow, robinhood doing this is kinda ironic considering their name

[Galloism]

Wow, robinhood doing this is kinda ironic considering their name

They've received a few negative reviews on the app store as a result.

https://pbs.twimg.com/media/Es0z6awXMAIFhCq.jpg

[Scandinavian Federated Alliance]

Wow, robinhood doing this is kinda ironic considering their name

They've received a few negative reviews on the app store as a result.

https://pbs.twimg.com/media/Es0z6awXMAIFhCq.jpg

Lmao, you hate to see it

[Hirota]

Wall Street Journal dips their toe in on the "white supremacist investors" angle

First, there were the potential legal issues. As WallStreetBets grew, it faced accusations—often lodged by angry short sellers—of market manipulation. Moderators urged users not to make posts “for the purpose of instigating or coordinating a group effort to move the market for a security.” But that didn’t silence the community’s critics.

Then there was the hate speech. Last year, Mr. Rogozinski decided to do some housekeeping and scrub some of the more distasteful content being shared in the community. In an off-Reddit chat room associated with WallStreetBets, he found language rife with obscenity, racism and antigay views that moderators let stand.

“There were a handful of mods who were straight up white supremacists,” he said. As a Jewish man married to a Mexican woman, he found it impossible to stomach.

“I have really thick skin and people can say whatever they want to me, but at some point there’s a moral standpoint—like with my kids, I don’t want them to think, ‘Well, they can say whatever they want about you,’” he said.

Mr. Rogozinski wound up deleting the private chat room hosted on Discord where the offensive messages were exchanged. He also removed some of the moderators. The backlash was swift: Enough users chafed at his actions—along with his promoting a book based on WallStreetBets, as well as an esports-style trading competition under the WallStreetBets name—that he was booted out by other moderators. He hasn’t moderated the community since April.

The Financial Times did the same in the UK:

It has been since been changed, but people know how to keep copies of it.

[Scandinavian Federated Alliance]

https://twitter.com/mtracey/status/1354 ... 46466?s=19

The plot thickens

[No State Here]

https://twitter.com/mtracey/status/1354792158298046466?s=19

The plot thickens

They’re not even trying to hide anything at this point

[Galloism]

https://twitter.com/mtracey/status/1354792158298046466?s=19

The plot thickens

Notably, they restricted purchases, but not sales, to create a one way false market.

This is called market manipulation.

#LockThemUp

[Galloism]

https://twitter.com/mtracey/status/1354792158298046466?s=19

The plot thickens

They’re not even trying to hide anything at this point

I'm filing a complaint with the SEC.

[Scandinavian Federated Alliance]

https://twitter.com/mtracey/status/1354792158298046466?s=19

The plot thickens

They’re not even trying to hide anything at this point

First they came for the retail investors but I didn’t say a thing because I was not a retail Investor

[Kanadorika]

Thank you Robinhood for restricting my purchase on Gamestop while my order order was in queue.

I have no idea whether it would still go through or not, but i cancelled regardless. Price took a nosedive thanks to brokerages restricting sales of volatile stocks

[Pax Nerdvana]

We can only hope that the stock market people don’t change the rules now that regular folk have figured them out.

[Scandinavian Federated Alliance]

Somebody start making a doc for the documentation of all the manipulation and shit in bad faith

[Scandinavian Federated Alliance]

https://twitter.com/camdasilva/status/1 ... 6143309824

Ok so it’s getting worse

[Kanadorika]

https://twitter.com/camdasilva/status/1354780946143309824

Ok so it’s getting worse

"Pull yourself up by your bootstraps"

"No not like that"

[Ethel mermania]

https://twitter.com/mtracey/status/1354792158298046466?s=19

The plot thickens

Notably, they restricted purchases, but not sales, to create a one way false market.

This is called market manipulation.

#LockThemUp

They restricted options purchases.
An exchange certainly can. I wonder if Robinhood can, the option trading is still allowed by NYSE

[No State Here]

SHORT STOCK DOES NOT HAVE AN EXPIRATION DATE. DO NOT FALL FOR MISINFO SPREAD BY HEDGE FUNDS

[Seangoli]

The offensive messages were probably paid for bots, apparently. Anybody who goes to r/wsb and sees the sea of Occupy Wall Street posts should immediately be dissuaded from this argument. Most of these people *hate* Trump, and are merely taking advantage of a situation of him putting regulators asleep at the wheel, allowing potentially unlawful behavior to go on for a long as time.

I've spent enough time on the internet to know that a group of any significant size will eventually attract people who make racists, sexist, and homophobic posts as a guarantee. That such posts were really made by real people for me is not in doubt. That they would be the driving force behind what's happening would take more than just going "people are shitty on the internet."

Oh, certainly I know that every group has them. From what I have been reading, however, is that it wasn't one or two people, but rather a series of brand new users spamming this nonsense incessantly. The wsb board has been getting a lot of obvious bots trying to kill support for this in other ways (1-day old profiles copy/pasting the same message about how the crash is coming and go to other stocks with poor grammar). It's not that it doesn't happen, but in the specific case there was a massive influx of new users posting the exact same message in the exact same way to specifically get around their automods. If it was just trolls being trolls, then it was at least a concerted effort.

[Galloism]

Notably, they restricted purchases, but not sales, to create a one way false market.

This is called market manipulation.

#LockThemUp

They restricted options purchases.
An exchange certainly can. I wonder if Robinhood can, the option trading is still allowed by NYSE

They restricted trading in the stock itself as well.

[Scandinavian Federated Alliance]

#FUCKROBINHOOD
ALL MY HOMIES HATE ROBINHOOD

[Seangoli]

It's going to be a god damn blood bath. It is also going to be good in the medium term for a lot of retailers to inboard onto long term prospects as these hedge funds are forced to liquidate other assets to cover their idiotic short positions, and across the board prices will go down.

These guys are throwing actual good money after bad bets and many are going to get wrecked in the process.

Maybe, the fundamentals don't favor gamestop. They are dying a slow death. If you could take a short position on a 6 month contract without risking a margin call, it would be a reasonable bet. But those pesky calls can be very expensive when an option for 10,000 shares goes from 4.00 to 130.00 a share

$350/share currently.

I have no doubt Gamestop will come crashing down. But in the meantime, they need the shares to fulfill their shorts and nobody is selling. They got greedy and stupid by shorting the stock as far as they did. No sane person would look at a stock shorted as far as Gamestop was and figure it was anything but an fool's bet.

[Hirota]

Oh there we go, it's all those ebil Gamergators fault!

If nothing else, this should show how empty and vapid these labels journos insist on applying.