The battle over Gamestop is getting really interesting

I'm honestly shocked that they seem to have stepped back on the fuckery.

Like... that's not possible?

They might make a huge push by end of day to not have the calls ITM (gamma squeeze effect)
 
Buggy Loop said:
I'm honestly shocked that they seem to have stepped back on the fuckery.

Like... that's not possible?

They might make a huge push by end of day to not have the calls ITM (gamma squeeze effect)
Click to expand...

Been hearing some very high level calls went through to RH and Citadel.

All eyes are on them. Left, right, up, down, everyone called them out on it. Sure it was coincidence that your big announcements happen almost precisely when what has to be one of the best and most aggressive short ladder attacks of all time starts painting the tape, what looked like a DDOS attack on Reddit's CDN infrastructure, and a flood of bots hit social media.

We're approaching something big here.
 
My guess is the power players are played out? They tried just about every tactic they feel they could get away with: division, propaganda, manipulation, even illegally changing the rules. I think they realize that too many are watching and in the know. There's no card left to play but riding it out to its inevitable end.
 
Last edited:
What are the chances the SEC just stops trading on the stock. Most of the politicians take money from these hedge firms so we know they if not now they will be in their ears shortly.
 
Last edited:
Brazen said:
My guess is the power players are played out? They tried just about every tactic they feel they could get away with: division, propaganda, manipulation, even illegally changing the rules. I think they realize that too many are watching and in the know. There's no card left to play but riding it out to its inevitable end.
Click to expand...
Don't ever assume this.
 
AV said:
Honestly, this isn't really the stock to do that with. You're far better finding something you're way more comfortable putting money into that will give you a steady but small profit over time. I did it when Classic WoW launched because I was balls deep in that world and new exactly how popular it was going to be - I made money, but funnily enough, I still jumped out of Activision way too soon, they launched Warzone and their stock is at an all time high. But I had zero hesitation in my mind that I'd make a little something on the back of an inevitably popular product release.

Again, I have no idea what I'm talking about and nobody should listen to me for financial advice. So much so that my answer to your question on after hours is "yyyyyeeesss?" with a large question mark.
Click to expand...

This is certainly not for the risk averse - but it has to be admitted we are in unknown territory now. If you had asked me a few weeks ago if a bunch of random retail investors could take down a major hedge fund I would certainly have said no - but I would also have said no if you had asked me if the same bunch of random retail investors could drive a fund to a multi-billion dollar loss - and that exactly what happened.

You also have to realize that what happened yesterday was unprecedented - the exchanges, the BDs and the funds pulled every dirty trick they could think of to try and drive the stock down - and it bounced right back up. They got so incredibly blatant about it that even the normally insanely compliant financial media started to ask what the fuck is going on here. This suggests to me that they have their backs against the wall and they know it.
 
Raven117 said:
Don't ever assume this.
Click to expand...

Yea. You saw the Interactive broker owner last night in interviews? He basically said he'll flip the switch, live on TV, because they would not be able to afford the shock.

They have so much money stored away in fiscal paradises, they could just bankrupt, watch the house burn and still be in the 0.01% of wealth.

A bunch of screwballs calling themselves gay bears, autist, retard and working extra hours doing DDs while their wife is getting fucked by her boyfriend, made a financial revolution. Think about that for a minute, how historians will have to put this information in the books :messenger_beaming:
 
Last edited:
Buggy Loop said:
Yea. You saw the Interactive broker owner last night in interviews? He basically said he'll flip the switch, live on TV, because they would not be able to afford the shock.

They have so much money stored away in fiscal paradises, they could just bankrupt, watch the house burn and still be in the 0.01% of wealth.
Click to expand...
Is there a youtube clip you can link? I'd like to see it.
 
Hmm Wealthsimple Trade has been pretty cool about this the whole time, i was never blocked from buying GME, but as of the last two days there seems to be new limits on limit sells. No limit sell above 3K on GME will stick anymore, but before this I could always set practically anything on any dumb penny stock.

Litquidity crunch coming...?
 
Last edited:
LordOfChaos said:
Hmm Wealthsimple Trade has been pretty cool about this the whole time, i was never blocked from buying GME, but as of the last two days there seems to be new limits on limit sells. No limit sell above 3K on GME will stick anymore, but before this I could always set practically anything on any dumb penny stock.

Litquidity crunch coming...?
Click to expand...

Happened to me yesterday with Questrade. They had cancelled all sell orders except my 2k ones. I set them back up and so far so good.. But yea, if they know a liquidity crunch is coming, they might again remove the orders.
 
Bit_Reactor said:
So I'm a dumb ass. If you buy in at the dip can they keep you from cashing out or something?

My worry is buying in if/when the next dip is, and then them going "nope you can't cash out" and that's all I want to do, lol. I heard Webull lets you test/try this with "fake" paper and such but I'm just curious if they can fuck you over when trying to get your payday.
Click to expand...

They cant stop you cashing out in the trade day but they can make it difficult to extract more than your original cash. I.e. if you deposited $100 and made $200, you can withdraw the original $100 right to your card, but the profit they can be assholes with. Depends on the broker etc
 
Reminder that we burst through the 420 sell wall with ease yesterday before Robinthahood's fuckery. Looks like people still set up more 420 limit sells, but I think that's a soft target, this was all still price action before a short squeeze. Ymmv.

4o6sjxg8gae61.jpg
 
Buggy Loop said:
Yea. You saw the Interactive broker owner last night in interviews? He basically said he'll flip the switch, live on TV, because they would not be able to afford the shock.

They have so much money stored away in fiscal paradises, they could just bankrupt, watch the house burn and still be in the 0.01% of wealth.

A bunch of screwballs calling themselves gay bears, autist, retard and working extra hours doing DDs while their wife is getting fucked by her boyfriend, made a financial revolution. Think about that for a minute, how historians will have to put this information in the books :messenger_beaming:
Click to expand...
I just find that casual nihilism irresistible
 
I would like to reiterate to everybody who might be in on this shitstorm trainride:

When you hear people talk about the short squeeze and the rocket to the moon, realize that the time between rocket takeoff and rocket crash is MINUTES. If you're operating through a standardized platform or brokerage, good luck. When the selling starts it isn't as simple as some WSB people like to talk. And the gravy train ride will last MINUTES if not less. Then it will collapse and, if you're holding a bag, sorry to hear it.
 
Last edited:
Bladed Thesis said:
I would like to reiterate to everybody who might be in on this shitstorm trainride:

When you hear people talk about the short squeeze and the rocket to the moon, realize that the time between rocket takeoff and rocket crash is MINUTES. If you're operating through a standardized platform or brokerage, good luck. When the selling starts it isn't as simple as some WSB people like to talk. And the gravy train ride will last MINUTES if not less. Then it will collapse and, if you're holding a bag, sorry to hear it.
Click to expand...

The vast majority of people that bought into GME over the last few days aren't doing it for the money. They are sending a message, and what a beautiful message it is. This is shaping up to be the most effective protest against the establishment we've seen in our lifetimes.
 
Last edited:
Bladed Thesis said:
I would like to reiterate to everybody who might be in on this shitstorm trainride:

When you hear people talk about the short squeeze and the rocket to the moon, realize that the time between rocket takeoff and rocket crash is MINUTES. If you're operating through a standardized platform or brokerage, good luck. When the selling starts it isn't as simple as some WSB people like to talk. And the gravy train ride will last MINUTES if not less. Then it will collapse and, if you're holding a bag, sorry to hear it.
Click to expand...

I'm all for advising caution and already earmarking any such gamble to lose. And keep checking and resetting your limit sells as high ones seem to keep getting cleared out now.

But I don't believe the squeeze would be that quick:
 
Ornlu said:
What time do the shorts supposedly expire today?
Click to expand...

Shorts don't expire.

The idea for today is all the under 200$ calls are ITM, which I saw previously that it's roughly 200k options = 20M shares ITM that the shorters will have to bear the weight and stress. 20M shares at 200$, that's 4B$, anything above 200$ is just more candies, because we'll likely have the 200 to 300$ calls ITM as well.

Might generate some gamma squeezes because of that.
 
caffeware said:



what is dis?
Click to expand...

There are going to be some people that get burned for sure, but this seems to be trying to tamp down the endgame. People can learn how to trade options by reading a bit online. I used a course book my dad had from the 80s. Using a Bloomberg terminal? It's not rocket science. I used it at my old job as an accountant.
Come On Reaction GIF by GIPHY News
 
Am I the only person who wishes this shit would hurry up and crash? I am sick of seeing this on the news and taking up the entire popular section of reddit and want my news cycle back to covering shit that matters. This whole battle is dumb, over a company that will crash back down to a $30 dollar stock at best when all is said and done. I'm shocked how greedy humans are, seeing people pass up selling off for MILLIONS of dollars to be a part of something just shows the greed and stupidity of the social media youth of today. 2 Million dollars is LIFE CHANGING! and some of these people are sitting on what could be multi million dollar payouts in hope for MORE!
 
My favorite thing about all of this is that these self described cucks admit they are retarded in every post. Can you imagine working for a hedge and getting fired because these clowns out maneuvered you?

OMEGALOL
 
Last edited:
Dthomp said:
Am I the only person who wishes this shit would hurry up and crash? I am sick of seeing this on the news and taking up the entire popular section of reddit and want my news cycle back to covering shit that matters. This whole battle is dumb, over a company that will crash back down to a $30 dollar stock at best when all is said and done. I'm shocked how greedy humans are, seeing people pass up selling off for MILLIONS of dollars to be a part of something just shows the greed and stupidity of the social media youth of today. 2 Million dollars is LIFE CHANGING! and some of these people are sitting on what could be multi million dollar payouts in hope for MORE!
Click to expand...

I know it looks crazy. Self described retards and all. But the thesis that got us all here hasn't even sprung yet. And the FUD trying to shake people out just made them angrier.

wjttb8h5aae61.jpg
 
Last edited:
Croatoan said:
My wife works in finance and this is basically what she told me. While this is cool, in the end the a lot of joes are going to get fucked.
Click to expand...

Yeah, I could have gotten on board with the idea of buying this at around $30, but pumping more in at $300, big risk imo. With that said, if you don't care to lose your investment, then it's no sweat off your back.
 
down 2 orth said:
Lol, "99% of the financial world" doesn't give a shit. The whole world is giving a shit right now.
Click to expand...
People are paying attention but this thing only really hits the hedge funds that 99% of Wall Street hates to begin with. Its sort of like how "Real Lawyers" hate ambulance chaser lawyers.
 
Last edited:
I think a lot of people simply don't care about losing money now after the shitshow yesterday.
I hope people who can't afford it didn't get in/stay out/got out earlier this week, but I feel like most people just want to see these fuckers burn now.
 
down 2 orth said:
Lol, "99% of the financial world" doesn't give a shit. The whole world is giving a shit right now.
Click to expand...
LordOfChaos said:
I know it looks crazy. Self described retards and all. But the thesis that got us all here hasn't even sprung yet. And the FUD trying to shake people out just made them angrier.

wjttb8h5aae61.jpg
Click to expand...

What am i reading. The short interest is liquidating, or the calls ITM dropped 50% ?

They'll attack heavily at 15h30 like yesterday to drop as close to 100$ as possible to get out of ITM calls.

It's gonna be ugly.
 
You must log in or register to reply here.

Similar threads

  • Poll
Kotaku: The Console Wars Are Over And Nobody Really Won
3 4 5 6 7
303
15K
FubukiJ replied
Opinion: Over Infantilization in AAA games is getting out of hand
2
77
6K
RSLAEV replied
Is this new wave of banning video games really the new road?
3 4 5 6 7
320
8K
Thanati replied
Now that the honeymoon is over, how does Super Mario Wonder really rank?
2 3
135
7K
Branded replied
Wild Gate: The Next Generation (of Battle Royale)
35
1K
ultrazilla replied
Top Bottom