The battle over Gamestop is getting really interesting

T

The Gorby Congressmanz

Banned
BigBooper said:
When did I say new? The company's been heavily shorted a long time.
Click to expand...
You're not actually acknowledging the point I made here, you ignored it to focus on an irrelevant issue. The point was it wouldn't change anything going on now whether they were new or old, they aren't adding to their positions, so they are in the same spot as they were before, so why would you think that because some funds had positions that would have any effect now?

I also want to stress again, many of these have hedged their investment positions with puts or shorts. They make money either way.
 
LordOfChaos

LordOfChaos

Member
Gods&Monsters said:
I wouldn't be surprised if the top players on WSB are wall street guys working for big firms. They played you good.
Click to expand...

Working for the firms that coordinated sell ladder attacks, turned off buys so you could only sell, always timed attacks to get below threshold levels by market close? Not to mention the flood of bots trying to get the price down?

Damn man how deep does this go

BptVE1JIEAAA3dT.jpg


(what if I also told you we know who the guy who started it is)

www.wsj.com

WSJ News Exclusive | Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal.

The trader known as DeepF—ingValue on the WallStreetBets forum and “Roaring Kitty” on YouTube helped turn the investing world upside down. “I didn’t expect this.”
www.wsj.com www.wsj.com
 
Last edited:
Amory

Amory

Member
The brokers just need to take the brakes off this thing and let people pay $1000 for a share of gamestop if that's what they really want to do. Some people are gonna get fucked hard when it collapses either way, but in the meantime the entire market is feeling the chop from this silliness

This story is getting old
 
BigBooper

BigBooper

Member
The Gorby Congressmanz said:
You're not actually acknowledging the point I made here, you ignored it to focus on an irrelevant issue. The point was it wouldn't change anything going on now whether they were new or old, they aren't adding to their positions, so they are in the same spot as they were before, so why would you think that because some funds had positions that would have any effect now?

I also want to stress again, many of these have hedged their investment positions with puts or shorts. They make money either way.
Click to expand...
Your point was off-topic which is why I ignored it. We aren't entirely disagreeing. Your definitive statement I commented on is not so definitive is all.
 
partime

partime

Member
Crazy we went from hating Gamestop for their annoying prices, bad customer service, to questionable ethics (sell opened games as new), now to giving them a helping hand.

Although I support this cause, I still have no desire to walk in one of their stores. They are Circuit City to me, overpriced, outplayed, and empty.

But with saying that, they should definitely raise capital now, that's what shareholders want from them right? Take some money I've earned and get back on-track.
 
Amory

Amory

Member
Not in the stock, but anyone who is should really be careful at this point. The strategy worked, the point (and a lot of money) was made. Institutional short selling from now on is going to have to be a lot more honest.

But now the other shoe is starting to drop. We saw it start yesterday with Robinhood and other brokers changing their trading policies out of nowhere to tank the share prices. That was just step one, and now they have all weekend to come up with step 2. Any whisper of government action "for the sake of the poor dumb small investors" is going to pop the bubble.

Hedge funds aren't going to pay infinity dollars for your gamestop shares, even if you hold them forever. The further they get backed into a corner, the dirtier they're going to fight.
 
Last edited:
{insert code here}

{insert code here}

Member
The Gorby Congressmanz said:
This is a trap and people fooled into thinking this is people fighting hedges don't get what's happening. The main target for reddit was melvin capital, that's not the type of fund you'd fight, that's some nobody that figured out how to take scraps form the game the big boys are playing.

We have hedges and billionaire hedge connected investors joining in to "help fight for the people" this should set off red flags, and the fact a lot of the media, including ones that don't care about this industry, are over covering it should also raise red flags as they are distracting people from real news.

We have already had some outlets lie about certain funds closing positions and giving up when that never happened, they are going to rig this than dumb it, get rich on the way down, they pump it back up, though to a more reasonable price, while making the barrier for entry too high to get on. Then the regulators will come just like the dot com bubble, bail anyone who is a fund or rich out, and punish retail again.
Click to expand...

The Gorby Congressmanz said:
Also just something to mention since everyones has forgot about it, all the millions of calls that expire today are gong to be sold or become worthless by end of the day, those people can't hold the line as they say.

People forget about these folks, and considering the reddit board that's popular now specializes in high profits and short-term gambling the fact people have brought this up is strange.

Hate to say it but the ride ends over this weekend, they don't have enough people to get that short squeeze, the major one they want so badly. Millions of 1/29 calls are done by RIGHT NOW since it's 4:00 by the time this post submits, and since the cheapest option available had an incredible high price, they couldn't by a new option to keep going into next week.

Those who are smart would have got out, because the guys still holding who have some profit at $300 who didn't already lose money after the brokerage blocks yesterday? Them holding is their doom, they will be in the red and the stock is going to drop into the $100 range if not lower by Monday, they don't have the capital needed to keep the price this high after today, we are talking millions of 1/29 calls. All being sold or expiring worthless, those investors have no way of holding.

as of 4:10 the stock went from $328 to $298 and will go down further, why? Because the millions of 1/29 calls are gone, and no one can buy another option, look at the price of the cheapest option on your broker for GME right now, look at how much it is? It's done.

It's been fun guys.
Click to expand...

The Gorby Congressmanz said:
No, there has barely been much in the way of additional institutions joining adding to Gamestop, most were already there before the last two weeks of bumps. Those, and some of the few new ones also have hedges or short positions as well(as a hedge itself) without retail those wouldn't make any difference, and a large percentage of retail just sold or are expiring(expired) in 1/29 options.
Click to expand...

The Gorby Congressmanz said:
Keep in mind that a lot of those calls expired today.

Whole AH may be deceiving going up and down do to low volume, keep in mind that all those sold or expired 1/29 calls aren't going to be there at open on monday and no one has anything to make up for them. Don't forget also many sold shares and placed stop orders as well, not everyone is committed to holding, and the 1/29 option holders couldn't hold if they wanted to.

I would like to see this actually work, and to some extend it has but it won't be working much further, they will pull off a trick on Monday to even the score now that millions are out the picture.
Click to expand...

The Gorby Congressmanz said:
Not all of them, but yes and guess what, they sold so those positions are gone on Monday. I don't get why people aren't getting this, they took the money and left so that money isn't being held to assist in keeping the stock price propped up.
Click to expand...

The Gorby Congressmanz said:
Honestly? If you want to make money I would join in, but in the other direction because that's where it's going.
Click to expand...

Bruh, you started dropping these "tips" and ""hints"" at 12:59PM. It should be obvious what you and/or your buddies positions are. Just wanted to see if you had the balls to come out and say it.
 
AV

AV

We ain't outta here in ten minutes, we won't need no rocket to fly through space
{insert code here} said:
Bruh, you started dropping these "tips" and ""hints"" at 12:59PM. It should be obvious what you and/or your buddies positions are. Just wanted to see if you had the balls to come out and say it.
Click to expand...

Also rejoined the site on Saturday as a 2017 returner. Not implying anything, just pointing out facts.
 
Raven117

Raven117

Member
The Gorby Congressmanz said:
Also just something to mention since everyones has forgot about it, all the millions of calls that expire today are gong to be sold or become worthless by end of the day, those people can't hold the line as they say.

People forget about these folks, and considering the reddit board that's popular now specializes in high profits and short-term gambling the fact people have brought this up is strange.

Hate to say it but the ride ends over this weekend, they don't have enough people to get that short squeeze, the major one they want so badly. Millions of 1/29 calls are done by RIGHT NOW since it's 4:00 by the time this post submits, and since the cheapest option available had an incredible high price, they couldn't by a new option to keep going into next week.

Those who are smart would have got out, because the guys still holding who have some profit at $300 who didn't already lose money after the brokerage blocks yesterday? Them holding is their doom, they will be in the red and the stock is going to drop into the $100 range if not lower by Monday, they don't have the capital needed to keep the price this high after today, we are talking millions of 1/29 calls. All being sold or expiring worthless, those investors have no way of holding.

as of 4:10 the stock went from $328 to $298 and will go down further, why? Because the millions of 1/29 calls are gone, and no one can buy another option, look at the price of the cheapest option on your broker for GME right now, look at how much it is? It's done.

It's been fun guys.
Click to expand...
And yet, that didn't happen did it? The fire may have started in WSB, but its certainly the institutional investors taking advantage of the situation now. Retail "holding the line" is cool, but the line is being held by:
Fidelity Management
BlackRock
Vanguard
Susquehanna
Dimensional Fund
Senvest
and others.


Retail created the volitivity, and the institutions snagged on it. They are making alot of money on this, and they may be taking it to the house against Melvin, Citadel, and others who are big in the short game.
 
Last edited:
M

Masterbrew

Member
Atrus said:
They can bring back Christian Bale as Michael Burry, Elon Musk as himself, Henry Cavill as DFV, Bob Odenkirk as Andrew Left, Alan Cumming as Gabriel Plotkin and a more naked Margot Robbie to explain the technical terms for regular movie goers.
Click to expand...

Henry Cavill would have to start the Man of Steel regimen to prepare for the role.
 
A.Romero

A.Romero

Member
NullZ3r0 said:
The guy is my age.
Click to expand...

That's alright but I meant he was trying to pass as a regular person who has been told to learn to code or whatever. That clearly never happened to him.

Basically, he is trying to pass as a regular person just as Steve is trying to pass as a young kid in the meme.

I hope the joke is clear now.

It seems I missed a lot of the discussion. Will go back and read.
 
ArtemisClydeFrog

ArtemisClydeFrog

Banned
Amory said:
Not in the stock, but anyone who is should really be careful at this point. The strategy worked, the point (and a lot of money) was made. Institutional short selling from now on is going to have to be a lot more honest.

But now the other shoe is starting to drop. We saw it start yesterday with Robinhood and other brokers changing their trading policies out of nowhere to tank the share prices. That was just step one, and now they have all weekend to come up with step 2. Any whisper of government action "for the sake of the poor dumb small investors" is going to pop the bubble.

Hedge funds aren't going to pay infinity dollars for your gamestop shares, even if you hold them forever. The further they get backed into a corner, the dirtier they're going to fight.
Click to expand...

Good.

Mike Get Dirty GIF by DrSquatchSoapCo
 
Unknown?

Unknown?

Member
Amory said:
The brokers just need to take the brakes off this thing and let people pay $1000 for a share of gamestop if that's what they really want to do. Some people are gonna get fucked hard when it collapses either way, but in the meantime the entire market is feeling the chop from this silliness

This story is getting old
Click to expand...
Most of them don't care as long as they make hedge funds lose billions in the process.
 
greyshark

greyshark

Member
Raven117 said:
And yet, that didn't happen did it? The fire may have started in WSB, but its certainly the institutional investors taking advantage of the situation now. Retail "holding the line" is cool, but the line is being held by:
Fidelity Management
BlackRock
Vanguard
Susquehanna
Dimensional Fund
Senvest
and others.


Retail created the volitivity, and the institutions snagged on it. They are making alot of money on this, and they may be taking it to the house against Melvin, Citadel, and others who are big in the short game.
Click to expand...

Ownership Summary | Gamestop Corp.

news.gamestop.com news.gamestop.com

Those institutions bought those shares months ago. We don't know what they've done since the stock is exploded, but of course safe to say they're happy with their gains. Considering Gamestop board members have already started to sell, they might follow suit next week to lock in their multi-billion dollar profit as well.
 
UnravelKatharsis

UnravelKatharsis

Member
greyshark said:

Ownership Summary | Gamestop Corp.

news.gamestop.com news.gamestop.com

Those institutions bought those shares months ago. We don't know what they've done since the stock is exploded, but of course safe to say they're happy with their gains. Considering Gamestop board members have already started to sell, they might follow suit next week to lock in their multi-billion dollar profit as well.
Click to expand...

Can't blame the execs for selling either. Even if they turn the business around the stock price isn't likely to ever be this high again. That's "impossible to ignore" money. Not "no faith in their chances" money.
 
D

Deleted member 17706

Unconfirmed Member
The Gorby Congressmanz said:
Also just something to mention since everyones has forgot about it, all the millions of calls that expire today are gong to be sold or become worthless by end of the day, those people can't hold the line as they say.

People forget about these folks, and considering the reddit board that's popular now specializes in high profits and short-term gambling the fact people have brought this up is strange.

Hate to say it but the ride ends over this weekend, they don't have enough people to get that short squeeze, the major one they want so badly. Millions of 1/29 calls are done by RIGHT NOW since it's 4:00 by the time this post submits, and since the cheapest option available had an incredible high price, they couldn't by a new option to keep going into next week.

Those who are smart would have got out, because the guys still holding who have some profit at $300 who didn't already lose money after the brokerage blocks yesterday? Them holding is their doom, they will be in the red and the stock is going to drop into the $100 range if not lower by Monday, they don't have the capital needed to keep the price this high after today, we are talking millions of 1/29 calls. All being sold or expiring worthless, those investors have no way of holding.

as of 4:10 the stock went from $328 to $298 and will go down further, why? Because the millions of 1/29 calls are gone, and no one can buy another option, look at the price of the cheapest option on your broker for GME right now, look at how much it is? It's done.

It's been fun guys.
Click to expand...

Monday is going to be interesting, but I do think there are going to be an overwhelming numbers of "reinforcements" coming to bolster the line. This news is spreading like wildfire and lots of people are going to want to get in. If the price plummets back down to the $100 range, that just means that many more excited people can get in at a deal (assuming they are using fucking Robinhood).
 
L

Linearskillz

Member
greyshark said:

Ownership Summary | Gamestop Corp.

news.gamestop.com news.gamestop.com

Those institutions bought those shares months ago. We don't know what they've done since the stock is exploded, but of course safe to say they're happy with their gains. Considering Gamestop board members have already started to sell, they might follow suit next week to lock in their multi-billion dollar profit as well.
Click to expand...
These institutions offer investment products that they sell to customers for pensions, retirement funds, etc. Mutual funds and ETFs, that sort of thing. Not really the same thing as a hedge fund like Melvin that makes money with aggressive short selling attempting to profit from killing companies for few billionaires.

For example, if you were to buy the Vanguard Total Stock Market ETF (VTI) you will also be buying a small amount of GME inside of it. It's technically held by Vanguard: https://investor.vanguard.com/etf/profile/portfolio/VTI/portfolio-holdings

I looked through and that ETF alone holds 1,468,071 shares of GME as of 12/31/2020.

A lot of these funds are passive, so just tracking an index with math and algorithms, and the active ones have reasonable investment strategies outlined in the prospectuses. While they in theory have the ability to manipulate the markets negatively I don't think there's been evidence of that yet. I'm open to add them to the "fuck you" list but right now I'm indifferent.

I also find it funny how the narrative seems to be "but these institutions are earning billions!" when they have upwards of like $10T of assets under management. It's a drop in the bucket for them, and again, not directly "owned" by them but by the fund unit holders.

Just my 2 cents.

Position 12 GME @ $60. I also own Vanguard Canada ETFs VXC, VCN, and VAB.
 
Last edited:
D

Deleted member 17706

Unconfirmed Member
LordOfChaos said:
Wtf is going on. Starbucks, AMD, GE? Some of the names have nothing to do with short squeezes or memes. And interesting that they limited Chamath's $IPOE, a SPAC intended to get SoFi, a competitor to Robinhood, onto the market. But the rest of the scattershot list makes me feel like something bigger is coming.

Es82QeCVEAAzXcV
Click to expand...

This company is so fucking done. Like, how can you call yourself a broker when you restrict Starbucks stock?

These guys must have been running one dirty operation and are getting fucked hard in some way. I can't wait for the tell all years from now.
 
Raven117

Raven117

Member
greyshark said:

Ownership Summary | Gamestop Corp.

news.gamestop.com news.gamestop.com

Those institutions bought those shares months ago. We don't know what they've done since the stock is exploded, but of course safe to say they're happy with their gains. Considering Gamestop board members have already started to sell, they might follow suit next week to lock in their multi-billion dollar profit as well.
Click to expand...
When they bought it is completely irrelevant. It’s the fact that they haven’t sold. At some point the stock will go down, of course.
 
You must log in or register to reply here.

Similar threads

GameStop CEO Says Disc Drives Should Be Required On Game Consoles
Opinion Business 2 3 4 5 6
269
18K
TheBTL replied
[GI.biz] Cheap money and bad bets: How the games industry turned pandemic success into disaster
2
78
6K
U n i o n 0015 replied
GameStop Names New CEO and CFO
News Business
0
895
IbizaPocholo replied
Bloomberg: Microsoft Buying Nintendo Would Have Been a Disaster
Analysis Hardware Platform 2 3
131
12K
Unknown? replied
GameStop surges 28% after co-founder of Chewy.com pitches plan to turn it into Amazon rival
36
6K
D.Final replied
Top Bottom