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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 1629802403 01-26-2021, 09:52 PM
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#241
  1. chrsschb
  2. Techno Brah
  1. chrsschb
  2. Techno Brah
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Originally Posted By Amp30⏩
Boomers mad

The amount of people who are clueless as to why hedge funds are hated is mind boggling.

Also, lol this is the same company that shorted TSLA.
|| MFC || C7 Crew || Trance & Techno Crew ||
post 1629802483 01-26-2021, 09:53 PM
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#242
  1. eatliftskate
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  1. eatliftskate
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I bought 5 shares today for the hell of it and it doubled

Considering buying 20-30 more tomorrow
6’0
180
post 1629802713 01-26-2021, 09:56 PM
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#243
  1. roughinhouse
  2. Registered User
  1. roughinhouse
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AMC over 69% aftwr hours. GG
post 1629802853 01-26-2021, 10:00 PM
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#244
  1. newcomb12
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  1. newcomb12
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Originally Posted By MikeLowrrrey⏩
There's no way this goes on for long. This will be stopped tomorrow and AMC,BB will be a no go
What can they do at this point?
post 1629803593 01-26-2021, 10:10 PM
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#245
  1. moosik85
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  1. moosik85
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Originally Posted By Amp30⏩
Boomers mad

Lmao glorious

The boomer hedge fund strikes out in pain as it loses 13 billion after pillaging the west for 50 years.

Maybe they should pull up their boot straps, look the share holders in the eye and give them a firm handshake. It’s that easy right?
Plant the trees in whose shade your grandchildren will play
post 1629803683 01-26-2021, 10:11 PM
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#246
  1. MikeLowrrrey
  1. MikeLowrrrey
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Originally Posted By TugOfPeace⏩
What do you think will happen
Government agency shuts it all down. Holders in GME lose. AMC & BB holders lose.
post 1629804223 01-26-2021, 10:20 PM
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#247
  1. digital022
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  1. digital022
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Someone's GME short losses for the day...

Your schtick sucks and it screams insecurity.
post 1629804503 01-26-2021, 10:27 PM
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#248
  1. Lolip0p
  2. r̸̺̽͋͑̏̆̈́̋̐̀̕ r̸̽͋͑̏̆̈́̋̐̀̕
  1. Lolip0p
  2. r̸̺̽͋͑̏̆̈́̋̐̀̕ r̸̽͋͑̏̆̈́̋̐̀̕
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Originally Posted By Weezy32⏩
This just proves to me that stocks are nothing but straight up gambling at this point. The stock price is supposed to be based on business potential, financial statements, and going concern.

All that has been out of the window for the last 10 years or so.... Now its all about **** if the company is actually worth this much its all about do i think other people will be buying or selling this stock today and is there any new bull**** articles coming out for this company.


Gamestop is a blockbuster of gaming even if you look at the newest generation consoles both of them come with a digital-only version which gamestop will make 0 money from.

Even using Gamestop as an outlier you look at companies like Tesla there is no way Tesla should be worth what it is right now and even Elon Musk has said the stock is overpriced.


You can also look at Uber stock and you have to laugh at its valuation considering the company has been losing money for years with no profits in sight. They just sold their self driving car section too so there is 0 chance they will reduce their operating cost in the near future..
Age 34 and still doesn't know anything about the stock market
post 1629804793 01-26-2021, 10:32 PM
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#249
  1. JayDigital
  2. Buy Hi HODL Sell Low Crew
  1. JayDigital
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Originally Posted By MikeLowrrrey⏩
Government agency shuts it all down. Holders in GME lose. AMC & BB holders lose.
Doubt that happens. Doing so could risk ruining the perception of "stocks", "investing", "wall street", etc., amongst an entire generation of upcoming active investors. They will let this squeeze run, as they should. We might see some new things added into, or rather omitted from, regulation to prevent this from happening in the future, i.e. institutional shorts not having to report their massive short positions in great detail, or at all, in the future.
post 1629805123 01-26-2021, 10:39 PM
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#250
  1. Dan_S
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  1. Dan_S
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Guess I'm a meme investor now. Put $1k into AMC.

I've already passed on Tesla, Palantir, and Gamestop (and all the SPACs which I don't understand) over the last 5 months because I thought this stuff was nonsense.

I can eat a $1k loss, so no biggie. But maybe it'll roll into Virgin and Bed, Bath and Beyond and I can turn it into a fun week long event. Honestly this feels like a once in a lifetime thing where main street takes on Wall Street, and I don't think it will last.
post 1629805303 01-26-2021, 10:44 PM
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#251
  1. Amp30
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  1. Amp30
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Originally Posted By Dan_S⏩
Guess I'm a meme investor now. Put $1k into AMC.

I've already passed on Tesla, Palantir, and Gamestop (and all the SPACs which I don't understand) over the last 5 months because I thought this stuff was nonsense.

I can eat a $1k loss, so no biggie. But maybe it'll roll into Virgin and Bed, Bath and Beyond and I can turn it into a fun week long event. Honestly this feels like a once in a lifetime thing where main street takes on Wall Street, and I don't think it will last.
I'm getting an itch to invest 10k into whatever the next one is. GME is too high risk at this point
AP7 crew
post 1629805443 01-26-2021, 10:47 PM
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#252
  1. Dan_S
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  1. Dan_S
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Originally Posted By Amp30⏩
I'm getting an itch to invest 10k into whatever the next one is. GME is too high risk at this point
The list was posted a few pages back. I think AMC is the next one just because its initial price point is so low. I think Virgin (SPCE, which isn't on the list) is actually the next highest optioned stock, but it's pricey at $43/share.
post 1629805943 01-26-2021, 10:58 PM
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#253
  1. Merovingian11
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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
I think the gist of it is that a bunch of autists from reddit basically did a financial Joker murder bit on some Wall Street guys.

And now they are rich.

"How about another joke Murray?"
I have sampled every language and French is my favorite to curse in.

Kryptonite Crew
post 1629806313 01-26-2021, 11:07 PM
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#254
  1. GuineaDago585
  2. Bert McGirt
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In on AMC for tomorrow
post 1629806383 01-26-2021, 11:09 PM
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#255
  1. Dan_S
  2. Registered User
  1. Dan_S
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Originally Posted By Merovingian11⏩
I think the gist of it is that a bunch of autists from reddit basically did a financial Joker murder bit on some Wall Street guys.

And now they are rich.

"How about another joke Murray?"
It's actually almost exactly the plot of the movie Trading Places, but instead of just 2 guys screwing 2 other rich guys, it's 2 million redditors screwing some hedge funds. And the stakes are WAY higher.
post 1629806923 01-26-2021, 11:22 PM
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#256
  1. Destor
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  1. Destor
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What if Melvin took that $2.75b influx of cash and bought calls?
post 1629807103 01-26-2021, 11:25 PM
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#257
  1. Perowise
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AMC is next you say ? Lets go boyos
post 1629807173 01-26-2021, 11:26 PM
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#258
  1. Coach McGuirk
  2. Big Poppa Poopie
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Originally Posted By roughinhouse⏩
AMC over 69% aftwr hours. GG
Did we miss the boat?
post 1629807213 01-26-2021, 11:27 PM
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#259
  1. dj006xx
  2. ⓈⓂⓄⓄⓉⒽ
  1. dj006xx
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what a crazy read
post 1629807263 01-26-2021, 11:28 PM
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#260
  1. entropy91
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  1. entropy91
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Originally Posted By MikeLowrrrey⏩
There's no way this goes on for long. This will be stopped tomorrow and AMC,BB will be a no go
I'm up 70% on the AMC shares I bought today

Stay mad
post 1629807453 01-26-2021, 11:32 PM
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#261
  1. Ck4288
  2. Natty Fatty
  1. Ck4288
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Originally Posted By Destor⏩
What if Melvin took that $2.75b influx of cash and bought calls?
From what I understand, that’s exactly what they did.


There was an article earlier about how they doubled down.
post 1629807763 01-26-2021, 11:40 PM
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#262
  1. Destor
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  1. Destor
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Originally Posted By Ck4288⏩
From what I understand, that’s exactly what they did.


There was an article earlier about how they doubled down.
Doubled down as in shorted right? Either them or someone else continues to double down on the shorts?

I’m saying what if they did the opposite of that to hedge against their short position
post 1629807973 01-26-2021, 11:46 PM
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#263
  1. nn586
  2. 🤡🌎
  1. nn586
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what's the best platform to do this trading on?
post 1629808193 01-26-2021, 11:52 PM
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#264
  1. eatmycrackers
  2. lol @ nocoincels; 118 IQ
  1. eatmycrackers
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Originally Posted By nn586⏩
what's the best platform to do this trading on?
I think you can do it on Robinhood relatively easily. Just don’t go full retard there was a kid who ended himself last year because he was like $750k negative because of potato short trading methods... just declare bankruptcy life goes on srs.
Posts are for fun, not to be taken seriously or as truth.

Angie Varona Appreciation Club Founder
post 1629808323 01-26-2021, 11:54 PM
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#265
  1. CptClean
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I turned 6k into 60k on monday had a **** load of NOK, BB, and BBBY calls.

Sold the NOK, BB and bbby still rolling.
One day scientists are going to kill us all.
post 1629808363 01-26-2021, 11:56 PM
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#266
  1. Amp30
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Pussied out of 10k but just put 1k on AMC

lets go boyos
AP7 crew
post 1629808463 01-26-2021, 11:59 PM
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#267
  1. fupduckbad
  2. Catford Crew
  1. fupduckbad
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Is it time for a short (long put, feb maturity) on GME ? Sure it can still go up from here (who knows ?) but eventually in 4 weeks it will have to come down
Business Controller who speaks 6 languages. Mirin breh ?

***Make Kadafi25 green Crew***

Defdump / Before I Turn / Norma Jean / Gwen Stacy / Famous Last Words / Breakdown Of Sanity / The Bled / From Autumn To Ashes / The Devil Wears Prada / 36 Crazyfists / Poison The Well / Silent Planet / Forevermore / The Pax Cecilia
post 1629808543 01-27-2021, 12:02 AM
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#268
  1. entropy91
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Originally Posted By fupduckbad⏩
Is it time for a short (long put, feb maturity) ? Sure it can still go up from here (who knows ?) but eventually in 4 weeks it will have to come down
AMC is the safer play imo
post 1629808583 01-27-2021, 12:04 AM
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#269
  1. fupduckbad
  2. Catford Crew
  1. fupduckbad
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Originally Posted By entropy91⏩
AMC is the safer play imo
Safer play in terms of shorting you mean ?
Business Controller who speaks 6 languages. Mirin breh ?

***Make Kadafi25 green Crew***

Defdump / Before I Turn / Norma Jean / Gwen Stacy / Famous Last Words / Breakdown Of Sanity / The Bled / From Autumn To Ashes / The Devil Wears Prada / 36 Crazyfists / Poison The Well / Silent Planet / Forevermore / The Pax Cecilia
post 1629808703 01-27-2021, 12:09 AM
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#270
  1. CptClean
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Originally Posted By fupduckbad⏩
Is it time for a short (long put, feb maturity) on GME ? Sure it can still go up from here (who knows ?) but eventually in 4 weeks it will have to come down
If you get them when it pops to like 250 maybe, those are going to be minimum like 5k each though the IV is insane.
One day scientists are going to kill us all.
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