Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Sam Thielman Redditors took on hedge funds over GameStop and AMC Theatres stock and won. So what now?
NBC News ^ | Jan. 28,2021 | Sam Thielman

Posted on 01/28/2021 2:03:25 PM PST by libstripper

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-74 next last
To: PGR88
I have seen reports that Melvin Capital has NOT closed out its shorts. It hasn’t been able to.

They can't because GME still hasn't fallen enough to cover all their losses yet.

21 posted on 01/28/2021 2:23:23 PM PST by Kenny Bania (Ovaltine? Why not call it Roundtine?)
[ Post Reply | Private Reply | To 17 | View Replies]

To: a fool in paradise

So these redditors are day-traders?

I thought day-traders only owned things for a day?


22 posted on 01/28/2021 2:24:37 PM PST by E. Pluribus Unum (You are in far greater danger from authoritarian government than you are from a seasonal virus.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: monkeyshine
The system has been gamed forever. Patrick Byrne was all over this 2 decades ago, called it “Deep Capture”.

I worked in the pharmaceutical industry for a dozen years, long enough to learn that the FDA is a wholly-owned subsidiary of Big Pharma.

23 posted on 01/28/2021 2:26:53 PM PST by E. Pluribus Unum (You are in far greater danger from authoritarian government than you are from a seasonal virus.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: libstripper
Could you imagine somebody on Biden’s staff having to bring this issue to him to explain Reddit, Robin Hood, how the shorts were squeezed and how this could culturally and economically impact hedge funds and Wall Street and him grasping half of it?

Yea me either...

24 posted on 01/28/2021 2:29:42 PM PST by capydick (“Within the covers of the Bible are the answers for all the problems men face.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: humblegunner

At the bottom of the posted article:

“Sam Thielman is a reporter and critic based in New York. He is the creator, with film critic Alissa Wilkinson, of Young Adult Movie Ministry, a podcast about Christianity and movies, and his writing has been featured in The Columbia Journalism Review, The Guardian, Talking Points Memo and Variety. In 2017 he was political consultant for Comedy Central’s “The President Show.”


25 posted on 01/28/2021 2:30:32 PM PST by Covenantor (We are ruled...by liars who refuse them news, and by fools who can not govern. " Chesterton)
[ Post Reply | Private Reply | To 4 | View Replies]

To: libstripper

Long ago a friend had a seat on the CBOE.

He said the test to play in the ‘game’ was to take a $100.00 bill, wad it up, walk outside and throw it in the first trash bin you passed.
If you looked back you failed the test.

Probably $500 or $1,000 today.

I hope they enjoyed the ride.
The little guys are simply feeding the big guys.


26 posted on 01/28/2021 2:31:29 PM PST by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: libstripper

I am a stock and option day trader that has been trading these instruments the last few days. The level of criminality and outright theft of client money was breathtaking today. Halt a stock, change the price,liquidate clients stock portfolios without their permission, cutting option prices in half while the the stock was halted, misrepresenting option prices, manipulating option prices to induce bad trades, it was absolutely unbelievable. I took photographs of my trading pages today for the lawsuits that must be coming. Massive massive fraud today on a scale I never would have believed. Now I do.


27 posted on 01/28/2021 2:35:05 PM PST by calljack (Sometimes your worst nightmare is just a start.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RushIsMyTeddyBear

Don’t worry about who wins this battle or that one.

The elites will crumble in the chaos...it will just take as long as it takes.

Sun Tzu The Art of War


28 posted on 01/28/2021 2:35:51 PM PST by cgbg (A kleptocracy--if they can keep it.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: cgbg

Holding right now...according to a relative.


29 posted on 01/28/2021 2:38:10 PM PST by RushIsMyTeddyBear
[ Post Reply | Private Reply | To 28 | View Replies]

To: calljack

You guys were warriors the past couple of weeks.

Pioneers do take the arrows—and eventually the glory as well.


30 posted on 01/28/2021 2:38:18 PM PST by cgbg (A kleptocracy--if they can keep it.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Tejas Rob

bump


31 posted on 01/28/2021 2:40:06 PM PST by AAABEST (NY/DC/LA media/political/military industrial complex DELENDA EST)
[ Post Reply | Private Reply | To 14 | View Replies]

To: RushIsMyTeddyBear

Imagine a hundred of these “incidents”—not just in stocks, but in _anything_ that is corrupt (which is just about _everything_).

Then a thousand.

Then so many nobody can keep track of them all.

Chaos theory....


32 posted on 01/28/2021 2:40:57 PM PST by cgbg (A kleptocracy--if they can keep it.)
[ Post Reply | Private Reply | To 29 | View Replies]

To: cgbg

Made 15K yesterday, they stole 4K. Made 3K today, they stole 11K. so, I’m still up 3K tough way to make a living. Tomorrow fill be the final show, this battle is just starting. watch out below. Hedge up, there is a market correction coming sooner rather than later. February is usually pretty bad.


33 posted on 01/28/2021 2:42:48 PM PST by calljack (Sometimes your worst nightmare is just a start.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: libstripper

This is going to be Big, there will be a lot of fallout, there is already the first Class Action suit filed against Robinhood. I suspect the other online brokerages and TBTF Hedge Funds that just got squeezed big time will be included real soon.


34 posted on 01/28/2021 2:42:54 PM PST by eyeamok
[ Post Reply | Private Reply | To 1 | View Replies]

To: calljack

Class action suit—your team better not forget—bribe the judge!


35 posted on 01/28/2021 2:45:22 PM PST by cgbg (A kleptocracy--if they can keep it.)
[ Post Reply | Private Reply | To 33 | View Replies]

To: libstripper

Long ago a friend had a seat on the CBOE.

He said the test to play in the ‘game’ was to take a $100.00 bill, wad it up, walk outside and throw it in the first trash bin you passed.
If you looked back you failed the test.

Probably $500 or $1,000 today.

I hope they enjoyed the ride.
The little guys are simply feeding the big guys.


36 posted on 01/28/2021 2:46:12 PM PST by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: calljack
The level of criminality and outright theft of client money was breathtaking today. Halt a stock, change the price, liquidate clients stock portfolios without their permission, cutting option prices in half while the the stock was halted, misrepresenting option prices, manipulating option prices to induce bad trades, it was absolutely unbelievable.

Huh. Sounds like election night.

37 posted on 01/28/2021 2:47:55 PM PST by Fido969 (,i.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: libstripper

I advise any FReeper who is still betting against the shorts to get out now. This is a Ponzi scheme.

You may bankrupt the original shorts. New ones surely came in, and you may bankrupt them, too. But they will keep coming, and with more money the higher the stock rises above its fundamental value. In the end they have 1000x more money than the hordes of small investor betting against them.

What goes up to such absurd heights must come down.


38 posted on 01/28/2021 2:50:30 PM PST by drellberg
[ Post Reply | Private Reply | To 1 | View Replies]

To: drellberg

Congress.


39 posted on 01/28/2021 2:56:44 PM PST by Varsity Flight ( "War by the prophesies set before you." I Timothy 1:18)
[ Post Reply | Private Reply | To 38 | View Replies]

To: drellberg

I read an article that said they were going to buy silver.


40 posted on 01/28/2021 2:57:25 PM PST by Cowgirl
[ Post Reply | Private Reply | To 38 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-74 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson