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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 1629760143 01-26-2021, 01:33 PM
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#91
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Pretty sure one of my clients is a redditer now - guy who never talks skonks ever was telling me to go all in on Gamestop and I bertstared him. Whoops!
post 1629760363 01-26-2021, 01:35 PM
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#92
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Hahahahaha
post 1629761123 01-26-2021, 01:41 PM
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#93
  1. freshnevafrozen
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bought 1 stock at 133 yesterday. Panic sold at 76$ when it was plummeting. Now it's back to 150. Feelsbatman
Eagles/Leafs
post 1629761623 01-26-2021, 01:45 PM
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#94
  1. stev0n
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Originally Posted By iwant2beswole⏩
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
i bought 1 share last week at $36. sitting at $132 right now
Our lives begin to end the day we become silent about things that matter - Martin Luther King, Jr.
I'm not saying I'm sorry. One day, maybe, we'll meet again - Jared Leto, 30 Seconds To Mars

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9/8/14 - 325.0Lbs. (147.7kg) 36%BF (Omron)
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post 1629762463 01-26-2021, 01:53 PM
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#95
  1. MotorCityCobra
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Originally Posted By Coach
Can someone with some knowledge on the topic answer a few questions for me for reps?

1) is there any benefit of having done this to the hedge fund other than simply sticking it to the man? What I mean is there any extra financial gain? Couldn’t they have ran up the value on any stock even one without the short positions?

If so this was more of a “stick it to the man, while also making a bunch of money by driving the price up”?

2) wouldn’t this level of collusion be illegal?

Thanks
This is not a pump and dump. GME has a lot of institutional owners. In fact my country Norway owns 2,6% of GME. Gamestop was a decent company being driven to the brink of bankruptcy because of ******* hedge funds who shorted the chit out of it. A year ago it was trading at $4 while it had 5 billion in revenue. New consoles were coming out which always improves business by a huge margin.

What happened was some people like Michael Bury (Christian Bale from The Big Short) and some other smart folks saw GME as a deep value investment which was severely undervalued. Once this info along with the fact that GME was the most shorted company in the stock market became public knowledge because of a great investing redditor, this started to catch on. And then Ryan Cohen (made Chewy into a billion dollar company competing with Amazon) became a major shareholder and board member, everyone knew GME was pivoting and will be a major force to come in the coming years. There is huge potential in Gamestop and in light of these changes it was severely undervalued. Now the stock will be squeezed to infinity and beyond because shorters refuse to cover their shorts, they keep doubling down on it.
post 1629762863 01-26-2021, 01:56 PM
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#96
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anybody a WSB member? tried to join, but invitation only
Our lives begin to end the day we become silent about things that matter - Martin Luther King, Jr.
I'm not saying I'm sorry. One day, maybe, we'll meet again - Jared Leto, 30 Seconds To Mars

~Distal Biceps Tear Crew~ 10/18/2018
~Former 300+lbs Crew~ Never Again
9/8/14 - 325.0Lbs. (147.7kg) 36%BF (Omron)
8/10/16 - 226.2Lbs. (103.2kg) 17%BF (Omron)
post 1629763223 01-26-2021, 01:59 PM
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#97
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Originally Posted By MotorCityCobra⏩
This is not a pump and dump. GME has a lot of institutional owners. In fact my country Norway owns 2,6% of GME. Gamestop was a decent company being driven to the brink of bankruptcy because of ******* hedge funds who shorted the chit out of it. A year ago it was trading at $4 while it had 5 billion in revenue. New consoles were coming out which always improves business by a huge margin.

What happened was some people like Michael Bury (Christian Bale from The Big Short) and some other smart folks saw GME as a deep value investment which was severely undervalued. Once this info along with the fact that GME was the most shorted company in the stock market became public knowledge because of a great investing redditor, this started to catch on. And then Ryan Cohen (made Chewy into a billion dollar company competing with Amazon) became a major shareholder and board member, everyone knew GME was pivoting and will be a major force to come in the coming years. There is huge potential in Gamestop and in light of these changes it was severely undervalued. Now the stock will be squeezed to infinity and beyond because shorters refuse to cover their shorts, they keep doubling down on it.
How much longer can this squeeze go on for?
post 1629763383 01-26-2021, 02:00 PM
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#98
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Originally Posted By MotorCityCobra⏩
This is not a pump and dump. GME has a lot of institutional owners. In fact my country Norway owns 2,6% of GME. Gamestop was a decent company being driven to the brink of bankruptcy because of ******* hedge funds who shorted the chit out of it. A year ago it was trading at $4 while it had 5 billion in revenue. New consoles were coming out which always improves business by a huge margin.
Shorting a company's stock doesn't make them bankrupt. A company goes bankrupt if they can't meet their debt and expense obligations.
post 1629763473 01-26-2021, 02:01 PM
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#99
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Originally Posted By stev0n⏩
i bought 1 share last week at $36. sitting at $132 right now
Fuark Mirin

Threw in a few at 122 earlier today now it’s 150
Minority for Trump Crew
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Pinoy crew

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DL: lmao
post 1629764433 01-26-2021, 02:10 PM
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#100
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Originally Posted By PenorBrahNoHomo⏩
How much longer can this squeeze go on for?
No one really knows, but it depends on when the shorters fold. As of today 139% of the stocks were still shorted (Bloomberg), meaning the squeeze is not on as of yet. VW short squeeze in 2008 took a couple of months. What we are seeing now is a gamma squeeze, not a short squeeze.
Originally Posted By strawbrerry1⏩
Reddit user deepphuckingvalue is prob at 20mil+ now, from 50k srs
Yeah he has true diamond hands. As of yesterday he was still holding. He is on YouTube as well look him up Roaring Kitty
post 1629765253 01-26-2021, 02:17 PM
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#101
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Originally Posted By Mountaineer92⏩
good these funds been fking over ppl for decades
This

They suck trillions out of the middle class while creating nothing of worth. Hope they all burn
Plant the trees in whose shade your grandchildren will play
post 1629765623 01-26-2021, 02:22 PM
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#102
  1. AltarOfPlagues
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Originally Posted By moosik85⏩
This

They suck trillions out of the middle class while creating nothing of worth. Hope they all burn
how do they suck trillions out of the middle class?
do not read my posts and weep, i am not there i do not sleep
i am the thousand greens that rep, i am the ban bet dutifully kept
of memes and trolls in toasted breads, i am not there, i am not dead.
post 1629765863 01-26-2021, 02:25 PM
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#103
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When shorting a stock, how long do you have to buy back the shares? I guess there must be a time frame other wise people will just keep waiting?
post 1629765933 01-26-2021, 02:27 PM
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#104
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Originally Posted By MotorCityCobra⏩
No one really knows, but it depends on when the shorters fold. As of today 139% of the stocks were still shorted (Bloomberg), meaning the squeeze is not on as of yet. VW short squeeze in 2008 took a couple of months. What we are seeing now is a gamma squeeze, not a short squeeze.
I feel like an idiot for selling yesterday. If GME dips again, I'm buying in.
post 1629765943 01-26-2021, 02:27 PM
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#105
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why don't they do something like that to foreign countries and groups that want to takeover America?
R 135
L├┼┤
246

"Slide down your throat?? We chew them, savor them, suck up the little juice left behind in the shell then swallow them. Only amateurs try to swallow them whole."
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as seen here: https://forum.obnoxiousbrutes.com/showthread.php?t=180019913&p=1636230303&viewfull=1#post1636230303
post 1629766003 01-26-2021, 02:27 PM
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#106
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Originally Posted By FrankGrimesJr⏩
When shorting a stock, how long do you have to buy back the shares? I guess there must be a time frame other wise people will just keep waiting?
Shares are due Friday. So get the price as high as possible by then.
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post 1629766073 01-26-2021, 02:28 PM
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#107
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Conflicted because I sold half my shares at 90 to secure the bag. If I had waited 2 hours, it went from 90 to 140+ JFL. Playing with house money now with the other half.
Originally Posted By rootcon⏩
I feel like an idiot for selling yesterday. If GME dips again, I'm buying in.
Not sure why you sold so quickly for a loss boio. Paper hands m8
post 1629766633 01-26-2021, 02:35 PM
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#108
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Originally Posted By saltypits⏩
Shorting a company's stock doesn't make them bankrupt. A company goes bankrupt if they can't meet their debt and expense obligations.
Not that simple. Forcing a companies value down can make borrowing more expensive (which nearly all companies do), force a rise in dividend (if fundamentals are good) put pressure on the board, other companies become reluctant to do business etc etc..

I’m broadly against shorting being legal
2023 bertie awards 2024 nominations

https://forum.obnoxiousbrutes.com/showthread.php?t=184693083
post 1629766663 01-26-2021, 02:35 PM
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#109
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Originally Posted By FrankGrimesJr⏩
When shorting a stock, how long do you have to buy back the shares? I guess there must be a time frame other wise people will just keep waiting?
Not sure, but there's a daytrader status that requires $25,000 minimum in an account. Day trade status is trigged by 4 or more round trip trades (buy and sell or sell and buy) in a 5 day period. I don't know the exact details but pretty sure writing uncovered options (where you do not own the underlying stock) requires 25k. Sometimes just trading in options or shorting requires 25k, not sure. If you dip below $25k account value because your shorted stocks are surging, the broker does a "margin call" where they ask for funds to bring it back to legal status (by SEC/FINRA). If you can't satisfy the margin call, they force cell your assets until enough capital is raised. I had this happen in 2008 when I bought 1900 shares on margin in a bold but stupid move.
post 1629767173 01-26-2021, 02:40 PM
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#110
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Originally Posted By rootcon⏩
I feel like an idiot for selling yesterday. If GME dips again, I'm buying in.
You are in fact a idiot if you sold yesterday at the dip. Shorters attacked and a lot of people fell for it and got scared. If you did your homework you would know GME is going to increase big time when the short squeeze is on
Originally Posted By MetroBrah⏩
Conflicted because I sold half my shares at 90 to secure the bag. If I had waited 2 hours, it went from 90 to 140+ JFL. Playing with house money now with the other half.

Not sure why you sold so quickly for a loss boio. Paper hands m8
Lmao you paper handed it yourself selling at 90 thats way too low boyo
post 1629768463 01-26-2021, 02:53 PM
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#111
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Originally Posted By MotorCityCobra⏩
No one really knows, but it depends on when the shorters fold. As of today 139% of the stocks were still shorted (Bloomberg), meaning the squeeze is not on as of yet. VW short squeeze in 2008 took a couple of months. What we are seeing now is a gamma squeeze, not a short squeeze.
Originally Posted By MotorCityCobra⏩
Lmao you paper handed it yourself selling at 90 thats way too low boyo
OK, so at what price might it be advisable to sell? Of course no one really knows, what do you think? It seems it might only have got started.
Originally Posted By chrsschb⏩
Shares are due Friday. So get the price as high as possible by then.
Does this mean the price will necessarily go up a lot on Friday?
post 1629769103 01-26-2021, 02:58 PM
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#112
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Originally Posted By PenorBrahNoHomo⏩
Does this mean the price will necessarily go up a lot on Friday?
Based on my limited knowledge: Yes. But you don't want to be stuck holding the bag when those shorts run out.
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post 1629769643 01-26-2021, 03:03 PM
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#113
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Originally Posted By samsbolton⏩
Not that simple. Forcing a companies value down can make borrowing more expensive (which nearly all companies do), force a rise in dividend (if fundamentals are good) put pressure on the board, other companies become reluctant to do business etc etc..

I’m broadly against shorting being legal
No, it's that simple.

As a company, stop borrowing so much. Your business is selling shirts? Why the fuk are you borrowing $1B for?

In any case, it's not the 1970s anymore. Stocks that are unfairly valued low are few and far between and don't stay that way for long.
post 1629770773 01-26-2021, 03:16 PM
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#114
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I didn’t understand a single thing.
post 1629771433 01-26-2021, 03:23 PM
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#115
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Originally Posted By fishnbrah⏩
I didn’t understand a single thing.
TLDR, hedge fund borrowed more shares than there is available (should be illegal) and redditors capitalized by not selling shares so fund can't cover their positions. Thus, they have to purchase at whatever price that redditors sell their shares at, assuming they start selling. That's why they say to hold till $1000
post 1629771623 01-26-2021, 03:25 PM
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#116
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Originally Posted By IronProdigy⏩
TLDR, hedge fund borrowed more shares than there is available (should be illegal) and redditors capitalized by not selling shares so fund can't cover their positions. Thus, they have to purchase at whatever price that redditors sell their shares at, assuming they start selling. That's why they say to hold till $1000
why stop at 1k? whats stopping them from charging 5k etc...?
post 1629772213 01-26-2021, 03:31 PM
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#117
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elon tweeted this ****
post 1629772343 01-26-2021, 03:32 PM
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#118
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Originally Posted By havoc00⏩
why stop at 1k? whats stopping them from charging 5k etc...?
Redditors call those that sell before 1k paper handed, meaning they sell early. If a bunch of people start selling, HF can close out their positions earlier driving the float down and ergo the price. Its actually impressive that redditors are holding out as long but that's what happens when you have people that despise the rich. I doubt it'll even get to $1000 tho
post 1629772583 01-26-2021, 03:34 PM
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#119
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Originally Posted By HairyWBush⏩
why don't they do something like that to foreign countries and groups that want to takeover America?
what if i told you these people are part of a group that wants to take over america
post 1629773083 01-26-2021, 03:42 PM
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#120
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Originally Posted By havoc00⏩
why stop at 1k? whats stopping them from charging 5k etc...?
Gamestop is actually a chit stock but that’s irrelevant for this pump

It’s gareented 99.999% to go up until the retarded boomer hedge fund goes bankrupt (like literally they will announce bankruptcy there is no other way)

After it goes bankrupt and after the price is pumped after bankruptcy is when you sell

It’s ganna crash after a 10x simply cause no one uses GameStop anymore lmao

Get ur 10x then get out

I wish I had robin hood to buy this but I need to take a pic of my sscard and waiting for a replacement one

Simply put the reason it’s pumping is cause rich man fuked up and backed himself into a corner and we profit on it
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