The battle over Gamestop is getting really interesting

kiphalfton

kiphalfton

Member
perkelson said:
Yes. Gamestop can sell it shares gradually if they play smart and get out of the debt. Long time future is uncertain though. There is simply no future for physical game stores
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Yeah right. Every time I see this stupid comment, I can't help but laugh. It's that stupid.

DVD/Blu-ray/etc. continue to stand the test of time, as do CD's, books, and other physical media. So that is a factor, and the other factor is if you can't find it at best buy, walmart, etc. where exactly are you going to go? Hmm, well I would imagine a retail store. Just because eBay, amazon, etc. exist doesn't mean gamestop is done with. Most the time the prices on eBay and Amazon are astronomical versus prices at GameStop. Gamestop consistently has sales on used games, whether it's B2G2 under $30, 50% off $19.99 or $29.99 and under games, or their website coupon that takes 16% off.
 
A.Romero

A.Romero

Member
Buggy Loop said:


OMG wat

That’s.. not possible right?
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They tried to get the price lower by doing that in the after market. They succeeded but it went right up pretty quickly once it opened. They are trying to simulate the price spiraling down so people gets scared and pull their money out. Together with the buy blocks they managed to get the price to sub 200 after it reached around 500.

Basically they decided to double down their bet. Today was the last day they could trade and try to influence the market before they are forced to pay on their shorts.

It's getting really exciting.
 
bargeparty

bargeparty

Member
I could've bought it in when it was around $30 but I don't know stocks and didn't bother to investigate what was happening. I thought because it started dipping that whatever bubble was already over.

Regerts, oh well. It's interesting to watch though. Fuck these wall street hedge fund fuckos though.
 
{insert code here}

{insert code here}

Member
Buggy Loop said:


OMG wat

That’s.. not possible right?
Click to expand...

tenor.gif
 
*Nightwing

*Nightwing

Banned

I haven’t had a chance to dig and corroborate myself yet but mentioned supposed leak from today from robinhood employee saying not only was it pressure from citadel but also white house for pressuring killing day trading on specific stocks today. We’ll find out if any actual investigation is made and people in Wall Street transparently manipulating are held accountable or the reverse.
Either way I didn’t think till watching this video I can help WSB but by giving all of my representatives calls and emails until they do the right thing it might make a difference and help them out and suggest if you can spare the time to do the same
 
Buggy Loop

Buggy Loop

Gold Member
{insert code here} said:
tenor.gif
Click to expand...

The fucking hubris from these banks and hedge funds. They doubled on their losing bet with 2 days to cover.

When this thing goes nuclear and ravages Wall Street, you cannot fucking possibly even think it’s the fault of WSB, the banks learned nothing from 2008, nothing! They’re psychopaths. Griffin bet the house or nothing. And we thought Citron research and Melvin Capital were retarded, we actually just saw the most retarded final boss in all of this epic story.

This might really be the biggest wealth redistribution in history.

margot robbie champagne GIF
 
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U

Unknown Soldier

Member
The Battle of GameStop has been an amazing thing to witness. I'm really a bit player in it, my GME position is a small one, but I had to throw in with whatever free capital I had to support the cause. This is shaping up to be the French Revolution of Finance.
 
D

Deleted member 17706

Unconfirmed Member
Buggy Loop said:


OMG wat

That’s.. not possible right?
Click to expand...


I wouldn't be surprised if it was... How else would the hedge funds get the funds necessary to sell at low prices in big batches to drive down the price while most normal people could not buy?
 
Buggy Loop

Buggy Loop

Gold Member
Shmunter said:
RobinHood got the call from the whales eh?
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Meh, what is their definition of limit trading? You can buy 1 share?

The fuckery is not done yet, far from it. If they don't put all stops on this train tomorow, Wall Street short hedge funds and a few banks will be in a nuclear bomb crater monday. These peoples would throw their mother off the yatch to keep afloat.
 
A.Romero

A.Romero

Member
Buggy Loop said:
Meh, what is their definition of limit trading? You can buy 1 share?

The fuckery is not done yet, far from it. If they don't put all stops on this train tomorow, Wall Street short hedge funds and a few banks will be in a nuclear bomb crater monday. These peoples would throw their mother off the yatch to keep afloat.
Click to expand...

It's so delicious to imagine them in endless conference calls, all stressed out.

Hopefully a lot of their own money is at stake.

I was just looking to make some money at the beginning but now I'm so motivated to teach them a lesson is not even funny.

I'm taking the day off tomorrow to comfortably enjoy the meltdown.
 
Pejo

Pejo

Member
Well I didn't have any other applications I could purchase from without waiting for the broker stuff to verify, so I checked RH again, and they re-opened AMC (not GME though), so I bought in the original amount I was going to buy for and this time it actually went through. I had to fill out some absurd questionnaire about what my investment intentions were and how much my net worth is etc. Lol, assholes.

Anyways, Naked cosmetics and Blackberry might be coming back too, other shorted stocks to keep an eye on.

This GME stuff is so impressively absurd, I am finding myself glued to this now.
 
TKOFromTokyo

TKOFromTokyo

Member
Buggy Loop said:
Meh, what is their definition of limit trading? You can buy 1 share?

The fuckery is not done yet, far from it. If they don't put all stops on this train tomorow, Wall Street short hedge funds and a few banks will be in a nuclear bomb crater monday. These peoples would throw their mother off the yatch to keep afloat.
Click to expand...

Yeah, I’m a bit afraid of this, you might see the entire market get pulled down as everyone panics.
 
kiphalfton

kiphalfton

Member
bargeparty said:
I could've bought it in when it was around $30 but I don't know stocks and didn't bother to investigate what was happening. I thought because it started dipping that whatever bubble was already over.

Regerts, oh well. It's interesting to watch though. Fuck these wall street hedge fund fuckos though.
Click to expand...

Took about 20 minutes to figure out. That time was mainly me trying to figure out which broker seemed semi trustworthy. Fortunately I didn't go with Robinhood - fuck those guys - but instead I went with TD Ameritrade.
 
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BigBooper

BigBooper

Member
Good Twitter thread by Chamath. Not only can you catch the meme train, but afterwards, regular stocks are discounted.

 
GhostOfTsu

GhostOfTsu

Banned
I opened a brokerage account with my bank thinking it would be faster than the app and after filling a huge ass questionnaire with my account number, photo ID and everything I still have to wait 2-3 business days for it to be "approved". It's so infuriating I'm boiling with rage.

How come people online are able to invest so quickly? Too many roadblocks I completely missed the boat.

Tomorrow will be a sad day for me 😭
 
BigBooper

BigBooper

Member
Gods&Monsters said:
I opened a brokerage account with my bank thinking it would be faster than the app and after filling a huge ass questionnaire with my account number, photo ID and everything I still have to wait 2-3 business days for it to be "approved". It's so infuriating I'm boiling with rage.

How come people online are able to invest so quickly? Too many roadblocks I completely missed the boat.

Tomorrow will be a sad day for me 😭
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This ride might last for a week or more still. Gonna be ups and downs.
 
Shmunter

Shmunter

Member
Ripple (XRP) is looking like a prime candidate with the bullshit SCA action on behalf of the elite short holders. Think I’ll put some in there just incase.

Edit : seems to be happening, the graph has gone vertical. Hold tight for massive gains potentially.
 
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W

Wherewithal Not Found

Member
Gods&Monsters said:
I opened a brokerage account with my bank thinking it would be faster than the app and after filling a huge ass questionnaire with my account number, photo ID and everything I still have to wait 2-3 business days for it to be "approved". It's so infuriating I'm boiling with rage.

How come people online are able to invest so quickly? Too many roadblocks I completely missed the boat.

Tomorrow will be a sad day for me 😭
Click to expand...
Td ameritrade had me going in under 30 minutes. Got some gme stocks too
 
AV

AV

We ain't outta here in ten minutes, we won't need no rocket to fly through space
Morning rocketeers. Got a KOF order for another stock while we're low. In for a penny, in for a pound (or 500 of them).

DIAMOND HANDS BROTHERS.
 
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