Posted on 01/26/2021 11:58:57 PM PST by Reverend Wright
I went in yesterday for a whopping 6 shares. I doubled my money in less than a day. Then I bailed.
Of course it’s not worth that much. That isn’t the reason for this—this is an “insurrection” against the Wall Street folks who think they can manipulate the price discovery on the market.
It is a healthy and small slap in the face to the establishment.
The stock is irrelevant. They don’t “love” GameStop. At one point the shorts were 135% of the trading volume. The company was targeted and a bunch of kids figured out how to screw them.
If you liked the revolution against the Swamp—you should look at this with a smile on your face.
There is something “systematically wrong” when ordinary people start making money,
—
Yes there is and that must be stopped - the cure is the ‘mark to market’ and FTT income tax proposals - all non-institutional traders to be driven out, while institutional buyers can be tightly controlled, and then eventually, be consolidated into government.
The goal of Socialism is Communism - VI Lenin
Beware of a Biden Tax On Unrealized Capital Gains
https://freerepublic.com/focus/bloggers/3928975/posts?page=1
A dying corporation sees its stock double in one day... and you think it’s average joe making some bucks?!?!
No, it’s folks manipulating the market for self gain.. those ordinary folks will largely be the ones left holding the stock when the manipulators stop pumping and dump it en masse, and see the stop drop to 1/2 of what they paid for it.
I'm hearing that the naked shorts and naked puts account for more than the amount of shares in existence. If that is true, then unwinding their positions when faced with a margin call will be expensive.
BINGO!!!
May be a bunch of Congresscritters on the wrong side of this trade
>>Why does the “top securities regulator” think options trading has anything to do with this short squeeze?<<
Another way to short a stock is to sell a naked call option (a call option buyer gains the right, but not the obligation, to buy a stock at a certain price on a certain date). If the issuer of the call does not have the stock to sell on demand, he’s in trouble.
https://www.investopedia.com/articles/optioninvestor/08/naked-options.asp
It’s ordinary people deliberately crushing Hedge Funds, and it’s glorious. I can’t wait until they declare this financial terrorism because ordinary people extracted billions of dollars from Wall Street for once.
I get it now. This was the little guys manipulating the big guys. Brilliant.
But the call writer would probably buy the call to get out, not the stock- it wouldn’t directly affect the stock’s short percentage.
Buy the call, or but enough stock to cover the call -- the call writer is still out a boatload of money.
But there’s nothing systemically wrong about that.
They went out after the gamers, who are sick of it.
There are people who spent $40K on Star Citizen, and are ok with it being vapor ware.
Be careful Fing with certain personalities. They will burn you just for the laughs.
Biden’s “team” of experts will remedy the revolting peasants.
Watch Silicon Valley pressure Reddit. Just as they did with The Storm.
Watch Bitcoin.
There are tens of thousands of kids making thousands on GME. When this breaks many of them will have some pretty decent gains.
Now, since they literally do not know what they are doing, they are NOT going to withdraw the cash—that is not what they do. They will roll it into Bitcoin or some other crypto.
They will do this because it will move the asset. Second, a good many of them have no idea of their tax liabilities and they “think” bitcoin is anonymous.
“They” are wrong. It will be fun to watch the Gen Z message boards in April 2022 trying to come up with the cash to cover their liabilities, penalties, and detailing their day trading for the IRS.
My guess is this will start happening tomorrow for the next couple of days.
Who is going to walk out in front of a train like the guy that was short selling Volkswagen (VAG)?
LOL. I hadn’t thought about that. I am going to let a buddy know.
He has the time and resources to get the tax help, but I bet he didn’t think about it.
I think AMC is the next stock, the funyuns are buying.
Funyuns is not a pejorative. They are having fun, and are mostly young.
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