Redditors gave Wall Street traders an absolute pasting

[nyron4england]

There's a lot of people on WSB who aren't really in it just for the money, they want to hurt these hedges. People are sending pizzas to GameStop shops, stuff like that.

The share price drop since yesterday seems to be totally artificially-created by the hedges, using very dodgy methods to make it look like the short% is under 100%, which it totally isn't.

*not financial advice.

and nothing to do with it returning to a realistic valuation?

 

[RestlessNatives]

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I thought they were all hanging on to their stock until the bitter end.
Six Nintendo Switches is a drop in the ocean to the money he'll have made. I'm sure Hedge Fund managers hoy a few quid to charities and brag about it as well.

 

[nyron4england]

I thought they were all hanging on to their stock until the bitter end.
Six Nintendo Switches is a drop in the ocean to the money he'll have made. I'm sure Hedge Fund managers hoy a few quid to charities and brag about it as well.

it's called philanthropy iirc

 

[Deleted member 26533]

Some won't care about profits. Even more may have said that at the beginning but quickly changed their tone once they seen massive profits and human emotions kick in. Even more than that would've jumped in last week to try and make money as the primary motive

 

[monkeytassle]

There's a lot of people on WSB who aren't really in it just for the money, they want to hurt these hedges. People are sending pizzas to GameStop shops, stuff like that.

The share price drop since yesterday seems to be totally artificially-created by the hedges, using very dodgy methods to make it look like the short% is under 100%, which it totally isn't.

*not financial advice.

What?

 

[CatRyan]

What?

here we go...

sarky questions a gogo

 

[monkeytassle]

it's called philanthropy iirc

The dalio foundation has given away 5bn since inception.

 

[PTR]

and nothing to do with it returning to a realistic valuation?

There's nothing "normal" about the current situation. It might fall to pieces of course.
I'm an outright moron on this stuff, I totally accept that. Just repeating things I've read from people who have a vested interest. I get that.

 

[monkeytassle]

here we go...

sarky questions a gogo

It's not sarcastic. It's a question. What does it mean? You're adding nothing to this thread by the way. Just noise and distraction.

 

[PTR]

What?

This is the post I'm referring to

Spoiler: Reddit Post

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" The real short % according to S3's data is 122%. However, their 55% figure is technically not a lie, but extremely misleading. I will explain everything. "

 

[monkeytassle]

There's nothing "normal" about the current situation. It might fall to pieces of course.
I'm an outright moron on this stuff, I totally accept that. Just repeating things I've read from people who have a vested interest. I get that.

I looked over our clearing and leverage stats this weekend. Barely anything changed. This is literally noise for the markets. A few people have done their cods and a few have made money. It's not a big deal in the grand scheme.

 

[PTR]

.
And also this

Spoiler: So then why is price going down? Well, there's this thing called a short ladder attack.

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[monkeytassle]

This is the post I'm referring to

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" The real short % according to S3's data is 122%. However, their 55% figure is technically not a lie, but extremely misleading. I will explain everything. "

I see

 

[PTR]

.Sorry, I didn't think it would show the ENTIRE posts. I only posted the links. I'll try to clean it up
Edit: That's better.

 

[monkeytassle]

.
And also this

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I really have no words for this jibberish. Oh yeah I do. Jibberish.

 

[nyron4england]

here we go...

sarky questions a gogo

are you just here to wind up MT?

 

[PTR]

.

 

[CatRyan]

The dalio foundation has given away 5bn since inception.

relevance?

It's not sarcastic. It's a question. What does it mean? You're adding nothing to this thread by the way. Just noise and distraction.

well you would say that

are you just here to wind up MT?

not at all, can't say it isn't enjoyable though la

 

[Lonz]

Looks like those who've helped drive the stock price up have decided to sell-up themselves. Human nature and only to be expected. Doesn't seem to make them look like any better human-beings that any fund managers holding short contracts on this on a long-term basis. Quite ironic really. The funds will have to pay some interest on the borrowed stock, but that's only been a few days and can hardly see it breaking their balance sheet either. All that's happened here is some unwitting internet folk will lose some of their hard-earned cash when the price has dropped.

 

[nyron4england]

Looks like those who've helped drive the stock price up have decided to sell-up themselves. Human nature and only to be expected. Doesn't seem to make them look like any better human-beings that any fund managers holding short contracts on this on a long-term basis. Quite ironic really. The funds will have to pay some interest on the borrowed stock, but that's only been a few days and can hardly see it breaking their balance sheet either. All that's happened here is some unwitting internet folk will lose some of their hard-earned cash when the price has dropped.

and the people hyping it up on reddit will be laughing all the way to the bank. hook line and sinker for those late to the party.