Fletch
Striker
It’s a great film if any posters not seen it , worthy of its own thread with it being based on true storyI didn't know his cell mate was Tommy Chong until this week.
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Redditors gave Wall Street traders an absolute pasting
- Thread starter The Albanian
- Start date
D
Deleted member 26533
Guest
I watched it years back I think, the one with Di Caprio. Belfort was on few of the US news channels last week as well. Was amusing hearing him say "I'm on the side of the investors"
Billingham52
Subs Bench
The locusts behind these hedge funds that shorted Game are shitting themselves next week will be interesting . These reddit investors seem adamant they are holding onto their stocks what ever happens . If as predicted more and more get bought and the share price rockets they could hold onto them for ever so when the time comes and these hedge fund locusts are dust who pay's the reddit retail lot their massive profits if they all decide to sell. That Robinhood outfit is toast no one will trust them anymore either .
monkeytassle
Striker
Ahre price can be 3 million dollars. When gamsetop goes buts there's a few losers. Guess who that will be.
Billingham52
Subs Bench
monkeytassle
Striker
Ok let's say you get into gamestop at 325 dollars as you are sticking it to the man on wall street. And because its like blockbuster and goes bust because the turnover and sales are dogshit and it goes bust. The shares are worth zero.
Some man is stuck.
This isn't a game. Its lives, revenues and real f***ing money.
Skandhaless
Striker
Sounds like some people have actually turned it into a game but some others are saying it's their ball, aren't enjoying it and don't want to play anymore.
monkeytassle
Striker
As I said. Would you value blockbuster stock at billions when all they have left is one store in the world?
Billingham52
Subs Bench
If they all keep hold of their shares which they said they would do why would a company go bust when it's just entered the S&P 500 index up with the big boys , we all know the share price is fabricated but the fact is millions and millions of shares have been bought so they are not going bust anytime soon. Even if 1 shop is left standing the hedge funders will have to cough up one day
For someone who keeps saying he's delighted with a hedge fund getting a pasting, you're awfully good at coming up with reasons why the people doing it should stop doing it.
This wouldn't have happened if short sellers hadn't targeted it for a quick buck with the express intention of sending a business bust that wasn't actually bust yet. And the firm that's in trouble because of this, what were they thinking putting themselves in the position where the outcome of one company's share price will make or break them instead of having a number of positions in play?
If manipulating the stock market to the detriment of people's livelihoods so that arseholes with no social conscience can profit and fuck the the consequences is a bad thing then this wholen area of testing needs to be regulated or shut down.
Just because the share price is high, it doesn’t mean the company is making money. If it runs out of money it goes bust, whilst this is generally correlated to the share price it doesn’t have to be (as is the case here)
Northern_chappy
Midfield
The latest one seemingly all over social media is squeezesilver. It will be very interesting to see how it pans out because whilst trading platforms might be able to block people going on stocks, they cannot stop people ordering physical silver online.
monkeytassle
Striker
They haven't targeted it for a quick buck. They've sold shares because they think its a piece of shit. Blockbuster. Kodak. More ths likely the oil companies and some car manufacturers.
Billingham52
Subs Bench
the dude
Striker
Because its not real money and if the shops aren't making any money they won't be able to continue to trade.
Skandhaless
Striker
I might for a laugh lf I knew the first thing about markets and could wound the hedge funds for a small amount of personal loss.
monkeytassle
Striker
You won't be hurting hedge funds. The guys that start this are selling to your average schmuck now
Billingham52
Subs Bench
Really , How come then they have actually sold shares that don't even exist ? They have positions on shorts that add up to 140% . That shows the pure greed of these leeches using their fancy dan ways to screw more money out of people and it back fired massive
Skandhaless
Striker
As I say I know nothing of markets and don't want to, it's pure schadenfreud on my behalf I hope the usual manipulators get skinned alive .
