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Forum » How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees
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Thread: How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees

post 1629740143 01-26-2021, 09:29 AM
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#31
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thinking of cashing out my 401k to go in balls deep next time ded fuKin srs
Posts are for fun, not to be taken seriously or as truth.

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post 1629740233 01-26-2021, 09:29 AM
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#32
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that's actually fkn hilarious. I know there are a lot of miscers that are on wsb a lot, any of you boyos on that ride?



weaponized autism indeed
watchout your comments boyo ↓
post 1629740573 01-26-2021, 09:34 AM
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#33
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Originally Posted By Scorpion613⏩
I don't understand all the hate on the successful hedgefunds. Also, they aren't going anywhere:
https://www.wsj.com/articles/citadel...nt-11611604340
That was in the first post.

Over and over again, miscers reply to me with things that were included in my posts. It happens regularly.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629740783 01-26-2021, 09:38 AM
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#34
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Originally Posted By Shysty021⏩
I know loke %20 of what is in OP post

I dont understand a lot of these terms lol
Originally Posted By anonkunbrah⏩
Legit have no idea what any of this means. Can someone provide me with brief rundown of the situation for reps
Did you read the cliffs? (Not being sarcastic, I'm just curious if that wasn't an easy enough explanation.)


Multi Billion Dollar Hedge Fund tries to short - meaning borrow and sell the stock, to buy back at a lower value and make profit on the difference - a stock.

Redditors buy the stock, and refuse to sell it to the Hedge Fund driving the price through the roof.

Multi Billion Dollar Hedge fund lost billions buying back stock.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629741013 01-26-2021, 09:41 AM
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#35
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Thats daily trading vs long term a mirror to a 10 year+ bond.

The multionbillion co can sit there and wait...eventually theyll make it out...unless the billion $ co was doing eurobonds or something similar .


Remember my words the billionaires in this story will recover from a future correction
Cherish your life. Live to tell your story
post 1629741063 01-26-2021, 09:42 AM
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#36
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Originally Posted By eatmycrackers⏩
thinking of cashing out my 401k to go in balls deep next time ded fuKin srs
Brah... #1 rule of investing is never invest more than you are willing to lose.

Gutcheck: If you'll be 'background' pissed for a couple of days, that's an OK amount. If you would turn to a bottle or think about roping yourself if you go to zero, then that's a bad amount.

High risk high reward investing takes a high risk seeking personality (people who actually crave high risk pursuits).

Best thing for most people is to be a conservative investor.https://www.lynalden.com/how-to-invest-money/

(I'm writing that because I've known of people hit the bottle or become suicidal over losing investments. Please, don't invest that amount on high risk investments.)
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629741103 01-26-2021, 09:43 AM
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#37
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Originally Posted By meanstringbean⏩
Those who made money off GME already have. Those who bought in yesterday or are holding are suckers.


WSB isn't some fun way to make money together. It's pump and dump schemes behind memes and jokes instead of phone calls to grandma. GME was an awesome play because there was some strategy to it. But mostly it's:

- dude buys stock
- dude tries to meme others into buying the stock
- it catches on
- dude sells stock and makes money
- those late to the party lose money


and repeat
Sounds like a high tech version of MLM
________

MFC

________
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post 1629741173 01-26-2021, 09:44 AM
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#38
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is this legal? if so can misc do it?
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STL Blues
post 1629741483 01-26-2021, 09:48 AM
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#39
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Originally Posted By kcadrenalin⏩
Sounds like a high tech version of MLM
I remember back in Business class watching a video on a kid that did this. He would find a penny stock and buy it, join chat boards and tell people how great it was and get people to buy the stock and drive up the price and then he'd sell out.
post 1629741563 01-26-2021, 09:50 AM
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#40
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Originally Posted By BetaAsPhuck⏩
Yeah, I agree.

I think though that because this story has gone viral, instead of simply pumping and dumping coordinated short squeezing hedge funds may become a trend.
but it is sucky if it s a pump and dump and chumps fall for it
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post 1629741583 01-26-2021, 09:51 AM
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Originally Posted By STLbuilder⏩
is this legal? if so can misc do it?
The misc has been doing it, endlessly. Mostly crypto crap
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1629741653 01-26-2021, 09:52 AM
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#42
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WSB has 2 mil active users. ACTIVE. They are able to get billionaires' attention to even help push their schemes harder. It's not illegal what they do, since they are just like an investment club. They don't have insider info. Although I wouldn't be surprised if wall street pushes for ramifications against retail investment groups and institutions to avoid this going forward.

Misc cannot make a dent on stock prices. We don't have the user base anymore and at our peak maybe only half at most would have even been interested in this kinda stuff. Not 2 million autists like reddit WSB.

my question for finance guys.. can't the hedge fund just double down on their shorts and put new short sells in? They aren't wrong. How long can WSB keep GameStop pumped up like this? The company will be in the chitter in 5 to 10 years so the short play is unbeatable and I feel like the hedge funds can stay solvent longer.
post 1629741703 01-26-2021, 09:52 AM
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#43
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Originally Posted By BetaAsPhuck⏩
Brah... #1 rule of investing is never invest more than you are willing to lose.

Gutcheck: If you'll be 'background' pissed for a couple of days, that's an OK amount. If you would turn to a bottle or think about roping yourself if you go to zero, then that's a bad amount.

High risk high reward investing takes a high risk seeking personality (people who actually crave high risk pursuits).

Best thing for most people is to be a conservative investor.https://www.lynalden.com/how-to-invest-money/

(I'm writing that because I've known of people hit the bottle or become suicidal over losing investments. Please, don't invest that amount on high risk investments.)
Thanks brah - I'm a conservative investor clipping my market returns. I'll probably throw $10k on something like this next time I see it to start whetting my risk appetite
Posts are for fun, not to be taken seriously or as truth.

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post 1629741733 01-26-2021, 09:53 AM
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#44
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Originally Posted By IAMBEE⏩
I remember back in Business class watching a video on a kid that did this. He would find a penny stock and buy it, join chat boards and tell people how great it was and get people to buy the stock and drive up the price and then he'd sell out.
That is very common on 4chan ( /biz/ ) and there are discords devoted to doing that in the crypto market. Pump and dump groups are immoral IMO.

/biz/ is brilliant for memes, but usually terrible for investment advice. (Apart from Chainlink, they were spot on with that, they were shilling that on that board for about 2 years when it was riding under 0.50. I didn't accumulate, because I was honestly put off by the endless shilling. Link recently broke an ATH of $25.)
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629741913 01-26-2021, 09:56 AM
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#45
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saw +100% portfolio increase in a day during yesterday morning

almost came

but then it dropped hard and closed +20%

this **** aint done yet, stupid Melvin put another 3 billions shorting today, this ****ers are going bankrupt

went in at $41 GME, this **** is going to 1k+ easy
"If not me, then who? If not now, then when?"

On the road to CEO 50k/month

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post 1629742013 01-26-2021, 09:57 AM
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#46
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People who are still not understanding what short and long options in the stock market are, I'll break it down in simple terms for this issue.

Let's say you look at shares of the MISC, and believe it will tank in the next month. You go to your friend (who owns MISC shares) and say "Listen buddy, let me borrow your 100 MISC shares, and I will sell them immediately. In a month, I will buy them back from the market and return them to you (in other words, you're borrowing his investment to make a gamble/bet). Your friend agrees to this, and allows you to borrow the shares. To make things simple, each MISC share = $1. You sell all shares for $100.

In a month time, now you owe your friend his 100 MISC shares back. As you predicted, you notice the market tanked, and each MISC share =$0.50. So you buy 100 shares back for $50. You hand him back the 100 shares you paid $50, and retain the other $50 that you made off your bet. You made money, and your friend is probably upset he's holding something (MISC shares) worth less.

-----

Going back to this hedge fund example, the Hedge Fund decided to game the market by entering into this short for GME (borrow GME shares from someone, sell them, and buy them back later) at a low price, let's say $4/share for GME (an example). Redditors interfered when they heard this, and bought up the GME shares ASAP, driving up its value/price to $80/share (also an example). When the Hedge Fund has to return all the shares, they are now going to have to pay $76/share for GME.

Hedge Funds are huge, so they aren't buying 100 shares, they are buying in the thousands/millions. So essentially, they will be paying millions/billions just to return the shares to whoever they made this agreement with.


Let me know if I can make it any clearer.
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post 1629742303 01-26-2021, 10:02 AM
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#47
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Originally Posted By anonkunbrah⏩
Legit have no idea what any of this means. Can someone provide me with brief rundown of the situation for reps
Basically John thinks a stock is going down. He "borrows" that stock from Mark and sells it at the current price, promising to replace the stock he "borrowed" at some future time. If the stock does go down, then he buys it later at the lower price and returns it to Mark. Mark makes a small commission. John makes a profit off the stock drop, minus the commission.

If Tom knows John is shorting a stock, he can trap John buy running up the stock price. He can do that by buying the stock, or buying options on the stock.

If Tom runs up the stock price too much, Mark starts to panic and issues a margin call to John because Mark fears losing the value of the stock he "loaned". If that margin call is large enough, John might not be able to pay it. John would be forced to buy the stock at the market price to meet the margin call. If the stock is higher than it was when John "borrowed" it, he'll lose a lot of money (sell low, buy high). The people selling to him at that higher price (Tom in this example) will make a lot of money (buy low, sell high).

It's basically a high stakes game of chicken. If you have enough money behind you, you can play this game very aggressively and make large profits. You have to know when somebody is over-extended on an option like this, and you have to have the resources to call their hand, but you can make lots of money.
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post 1629742833 01-26-2021, 10:11 AM
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#48
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Originally Posted By MotorCityCobra⏩
Balls deep in GME and in WSB. The short squeeze has not even started, it will be a sight to behold when the squeeze is on!
Right there with you brah. As much as I hate reddit, I fuking love WSB
And relief washes over me in an awesome wave
post 1629743013 01-26-2021, 10:13 AM
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#49
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The plot thickens. Shorts have re-established positions much higher, driving the prices down. They were winning again. But then some random billionaire jumps in on reddits side.


early senior executive at ********, joining the company in 2007 and leaving in 2011
https://en.wikipedia.org/wiki/Chamath_Palihapitiya

According to zerohedge, Melvin capital because they had puts, had to disclose their positions. Apparently regular short positions do not have to be disclosed and that's why they are more popular. The list of Melvin capital shorts is very similar to the most shorted stocks

post 1629743603 01-26-2021, 10:21 AM
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#50
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^^^ LOL! This is wild.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1629743843 01-26-2021, 10:24 AM
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Lmao this guy's twitter is so good
post 1629744583 01-26-2021, 10:33 AM
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#52
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This juicy story is making headlines everywhere

and since it's framed as "phuck wall st", randoms are just throwing money into GME just to stick it to the big boys. not sheriff ppl are joking, but go on the daily thread on wsb you see people legit saying "dunno wut I'm doing, just bought GME phuck wall st!"

Can't wait for the conclusion srs
post 1629744613 01-26-2021, 10:33 AM
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#53
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Originally Posted By Destor⏩


Lmao this guy's twitter is so good
If you like his twitter check out his podcast its awesome! It's called My First Million.

Edit: Sorry thought you were talking about the original post as the pic didn't load. I was talking about @shaanvp.
post 1629745223 01-26-2021, 10:40 AM
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Originally Posted By anonkunbrah⏩
Legit have no idea what any of this means. Can someone provide me with brief rundown of the situation for reps
Wall Street has been screwing the little guy for decades. They got greedy trying to make money on a dying company (Gamestop).

Some Redditors on WSB used the system against Wall Street and essentially used the same play Wall Street has been using to screw us, to screw them (taking some of the money back essentially).

It's a feel good story. Except a lot of the people on WSB were late to the party and will lose everything.
post 1629745473 01-26-2021, 10:45 AM
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#55
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Interesting. How does it end then? Whats the idea here. When does Melvin have to return the shares?
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post 1629745663 01-26-2021, 10:46 AM
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#56
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Originally Posted By Bracket199⏩
People who are still not understanding what short and long options in the stock market are, I'll break it down in simple terms for this issue.

Let's say you look at shares of the MISC, and believe it will tank in the next month. You go to your friend (who owns MISC shares) and say "Listen buddy, let me borrow your 100 MISC shares, and I will sell them immediately. In a month, I will buy them back from the market and return them to you (in other words, you're borrowing his investment to make a gamble/bet). Your friend agrees to this, and allows you to borrow the shares. To make things simple, each MISC share = $1. You sell all shares for $100.

In a month time, now you owe your friend his 100 MISC shares back. As you predicted, you notice the market tanked, and each MISC share =$0.50. So you buy 100 shares back for $50. You hand him back the 100 shares you paid $50, and retain the other $50 that you made off your bet. You made money, and your friend is probably upset he's holding something (MISC shares) worth less.

-----

Going back to this hedge fund example, the Hedge Fund decided to game the market by entering into this short for GME (borrow GME shares from someone, sell them, and buy them back later) at a low price, let's say $4/share for GME (an example). Redditors interfered when they heard this, and bought up the GME shares ASAP, driving up its value/price to $80/share (also an example). When the Hedge Fund has to return all the shares, they are now going to have to pay $76/share for GME.

Hedge Funds are huge, so they aren't buying 100 shares, they are buying in the thousands/millions. So essentially, they will be paying millions/billions just to return the shares to whoever they made this agreement with.


Let me know if I can make it any clearer.
Originally Posted By MiscInformed⏩
Basically John thinks a stock is going down. He "borrows" that stock from Mark and sells it at the current price, promising to replace the stock he "borrowed" at some future time. If the stock does go down, then he buys it later at the lower price and returns it to Mark. Mark makes a small commission. John makes a profit off the stock drop, minus the commission.

If Tom knows John is shorting a stock, he can trap John buy running up the stock price. He can do that by buying the stock, or buying options on the stock.

If Tom runs up the stock price too much, Mark starts to panic and issues a margin call to John because Mark fears losing the value of the stock he "loaned". If that margin call is large enough, John might not be able to pay it. John would be forced to buy the stock at the market price to meet the margin call. If the stock is higher than it was when John "borrowed" it, he'll lose a lot of money (sell low, buy high). The people selling to him at that higher price (Tom in this example) will make a lot of money (buy low, sell high).

It's basically a high stakes game of chicken. If you have enough money behind you, you can play this game very aggressively and make large profits. You have to know when somebody is over-extended on an option like this, and you have to have the resources to call their hand, but you can make lots of money.
Sweet explainations brahs. So here's another newb question. You say big hedgefunds do this all the time and it works for them. Why was this particular hedgefund caught with their dicks out? What was the mistake, was it disclosed by accident or something?

Secondly, can't the big hedgefund just ride out the wave until it goes back down? The company isn't making money so it will eventually continue to tank if the redditors slow down on pumping money into stocks right? Or is the war already lost for the hedgefund guys?
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post 1629745843 01-26-2021, 10:49 AM
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#57
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Originally Posted By Dan_S⏩
Wall Street has been screwing the little guy for decades. They got greedy trying to make money on a dying company (Gamestop).

Some Redditors on WSB used the system against Wall Street and essentially used the same play Wall Street has been using to screw us, to screw them (taking some of the money back essentially).

It's a feel good story. Except a lot of the people on WSB were late to the party and will lose everything.
So why is this the first time reddit decided to fuk over a company doing this if it's been going on for many years? Did the hedgefund make some kinda mistake?
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post 1629746193 01-26-2021, 10:53 AM
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#58
  1. Steveyblack
  2. Registered User
  1. Steveyblack
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  3. Join Date: Jun 2007
  4. Location: New Jersey, United States
  5. Age: 35
  6. Posts: 3,559
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Originally Posted By Coal
So why is this the first time reddit decided to fuk over a company doing this if it's been going on for many years? Did the hedgefund make some kinda mistake?
Hedgefunds made a "mistake", in reality they got greedy and caught with their dick in the pie. They shorted 140% of available shares, meaning that they owe(and need to buy) more than what available. Everyone knows this and is holding, and what happens when you have high demand with low supply? The price cranks up. Look at VW back in 08, they did something similar to this.
post 1629746483 01-26-2021, 10:57 AM
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#59
  1. Destor
  2. Registered User
  1. Destor
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  3. Join Date: Apr 2012
  4. Location: Alberta, Canada
  5. Age: 41
  6. Posts: 43,481
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Robinhood is what's really enabling this eh? It's opening up a lot of retail traders to risky leveraged options trading (using borrowed money), giving them far more impact than their conventional finances would suggest
post 1629746513 01-26-2021, 10:57 AM
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#60
  1. awwchit2
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  1. awwchit2
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  3. Join Date: Dec 2015
  4. Posts: 5,798
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Can someone eli5 since I’m not stock literate
Look, i know i don't really know you and all, and i know you probably hear this like everyday, but your just so perfect to me. The few hours we talked were really great even if the convo was stale, your really pretty and chill, and your country thats just perfect :'D i really dont know how to explain it, but i think i have feelings for you somehow. i never felt like this with someone i just met, but i felt the need to get it off my chest. sorry for being all weird just idk how to explain it D:
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