How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees

01-27-2021, 03:45 PM

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#541

_zman
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Originally Posted By Destor⏩

Brah I’m pretty sure hedge funds don’t even significantly outperform a major index like the S&P 500 over the long term, and they’re charging insane fees along the way

They don't because picking stocks over the long term makes less money than the index, this has been proven and true 99.9% of the time, citation: many books on index investing.

Originally Posted By JayCutler6⏩

you guys fundamentally dont understand hedge funds. they are much less aggressive investing because rich peoples' primary goal is to preserve capital not grow it. when youre worth 100mil, youre not shooting for 15%/yr you just want to beat inflation while being defensive.

Tell that to Ted Seides when he bet buffet he could beat the index and didn't. Why would a hedge fund take the bet if they're less aggressive than the index? Hedge funds are not at all aggressive for the greedy elites? please...

Originally Posted By Jasonw1178⏩

Ins't the stock going to crash suddenly when everyone bails out?

I bought AMC because they secured more funding. They have a more positive outlook now. It also wasn't a buy to just to screw over hedge funds. It's a good buy to me and I like their theaters and don't want them to go under. Not every stock pick is about traditional fundamentals, some people just like companies and want to support them as well.

01-27-2021, 03:46 PM

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#542

Jaydawg08
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Originally Posted By FrankCostanza⏩

that guy probably worth 10mm+ from the get go. if he's stupid and invested everything he needs to get out now. 40 mm even before taxes is life changing.

He did cash out a little bit so far from what I've read, but I do agree that idk if I could have had the balls to continue to hold the way he has with the type of $$ that is going up and down on this. He's gambling with some life altering $$ right now

01-27-2021, 03:51 PM

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#543

BetaAsPhuck
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Man... Phuck CNN...

On Twitter I've seen both right and left wingers cheering this on. Even AOC posted a tweet in support of this!

Anyone who is a populist is laughing and pumping their fists at this, but CNN is trying to turn this into a partisan issue.

This guy out here trying to pretend that Occupy Wall Street's left wing populism didn't happen.

This is not partisan, this is populism.

01-27-2021, 03:58 PM

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#544

meteoraniac
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im still holding 250 stocks or so from average of $40.. i set up at 380 sell to take initials out before heading to bed but the highest was 379... i guess someone up in heavens is trying to tell me something.. reading the latest SI%, no way in hell they can cover the calls expiring this friday, that puts on massive buy pressure on prices to cover... i thought $1000 was a meme but SI%, Price Action is telling me this may actually happen...... once in a lifetime chit happening right now brahs

01-27-2021, 04:00 PM

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#545

BetaAsPhuck
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Out of curiosity, how many miscers brought GME, BB, AMC, etc, after being awared by this thread?

(I'm curious who is just watching with popcorn, and who jumped in.)

01-27-2021, 04:03 PM

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#546

MuscleXtreme
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Originally Posted By BetaAsPhuck⏩

Out of curiosity, how many miscers brought GME or AMC after being awared by this thread?

(I'm curious who is just watching with popcorn, and who jumped in.)

This thread got me interested initially, although I didn’t buy either.

It was only after talking with my buddies last night that I bought BB and trying to get some measlies in on NAKD.

01-27-2021, 04:05 PM

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#547

BetaAsPhuck
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Originally Posted By MuscleXtreme⏩

This thread got me interested initially, although I didn’t buy either.

It was only after talking with my buddies last night that I bought BB and trying to get some measlies in on NAKD.

I forgot that BB was getting memed.

I hope you get rich.

01-27-2021, 04:08 PM

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#548

BetaAsPhuck
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Interesting conspiracy theory from someone on /biz/...

No **** why do you think AMC, BB, and BBBY are all being shilled on every single forum, including news sites, tv anchors, et al, that had some volume of posts about $GME? They've tried everything else, creating dumps, spreading SEC fud, claiming they were shoah'd, paying reputable analysts to tell you not to buy....
.... finally some millenial on their staff worked up the nerve to suggest the only real solution: do not try to stop their autism, or to discourage them from pursuing these insanely reckless plays, rather generate hype for other plays to dissipate the amount concentrated against us. And it is working.

01-27-2021, 04:09 PM

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#549

meteoraniac
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Originally Posted By BetaAsPhuck⏩

Out of curiosity, how many miscers brought GME, BB, AMC, etc, after being awared by this thread?

(I'm curious who is just watching with popcorn, and who jumped in.)

definitely before this thread, all my buys (GME, BB, NOK) were in early Dec when they were cheap af... gutted i missed out on AMC though..

01-27-2021, 04:10 PM

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#550

MuscleXtreme
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Originally Posted By BetaAsPhuck⏩

I forgot that BB was getting memed.

I hope you get rich.

Thanks, I won’t get rich though. I didn’t wager enough to make any life changing money.

I’ll be happy if I can walk away with a thousand though (I’d be happy with really any profit, as it’s better than what I had going in). This is just for fun for me.

Hope you make some good money on this, especially for awareing everyone.

01-27-2021, 04:16 PM

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#551

BetaAsPhuck
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Originally Posted By MuscleXtreme⏩

Thanks, I won’t get rich though. I didn’t wager enough to make any life changing money.

I’ll be happy if I can walk away with a thousand though (I’d be happy with really any profit, as it’s better than what I had going in). This is just for fun for me.

Then, I hope you enjoy the ride.

Hope you make some good money on this, especially for awareing everyone.

Oh, I have no money to buy stocks, but thanks for the sentiment.

I'm just cheering on average folk getting rich, and making their anger at the financial system heard.

I'm genuinely enjoying watching all of this unfold. Hearing Chamath Palihapitiya and Charles Payne calling out Wall Street's hypocrisy on international business news was glorious!

01-27-2021, 04:17 PM

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#552

guest89
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Originally Posted By BetaAsPhuck⏩

Out of curiosity, how many miscers brought GME, BB, AMC, etc, after being awared by this thread?

(I'm curious who is just watching with popcorn, and who jumped in.)

I tossed 1K on GME for a laugh.

01-27-2021, 04:18 PM

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#553

BetaAsPhuck
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Originally Posted By meteoraniac⏩

definitely before this thread, all my buys (GME, BB, NOK) were in early Dec when they were cheap af... gutted i missed out on AMC though..

You brought GME in December?

You gonna be on that Dan Bilzerian life.

01-27-2021, 04:24 PM

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#554

ScramFranklin
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this was good

01-27-2021, 04:30 PM

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#555

FrankCostanza
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any company setting restrictions on stocks that are soaring rn should lose your business

01-27-2021, 04:32 PM

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#556

wasp9166
straight out da bronx

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Yeah ,been all over fox biz and cnbc today
.saw charles payne go off live

They saying gonna be some changes coming

Wall St isn't vegas

01-27-2021, 04:42 PM

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#557

GuineaDago585
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Reddit *******s just made that sub invite only. How are we gonna get short squeeze tips now?

Edit: Now I’m reading Reddit actually banned the sub. Wow! Big tech teaming up with Wall Street yet again to fuk us over.

01-27-2021, 04:43 PM

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#558

RollingStones
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Just put 200$ on NAKD thinking of dropping another 200$

Brehs

01-27-2021, 04:44 PM

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#559

moosik85
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Originally Posted By wasp9166⏩

Yeah ,been all over fox biz and cnbc today
.saw charles payne go off live

They saying gonna be some changes coming

Wall St isn't vegas

True

Vegas is less corrupt.

Hedge funds can bet on a company failing by buying more shares than there is in existence with money that doesn’t exist and when it all inevitably goes to chit get bailed out by tax payers.

Wall Street bets got nuked?

How hard can people cope and still act like the whole thing isn’t rigged

01-27-2021, 04:44 PM

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#560

Trillical
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Originally Posted By GuineaDago585⏩

Reddit *******s just made that sub invite only. How are we gonna get short squeeze tips now?

That's because they're currently under investigation...

01-27-2021, 04:45 PM

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#561

Steveyblack
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Up 80% today. Thanks BBBY and SPCE. My UVXY and VXX shares are starting to shine as well. SPY calls were destroyed though.

01-27-2021, 04:46 PM

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#562

GuineaDago585
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Originally Posted By Trillical⏩

That's because they're currently under investigation...

By the SEC? What a bunch of cawksucking scumbags.

01-27-2021, 04:49 PM

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#563

drLihp
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Originally Posted By GuineaDago585⏩

Reddit *******s just made that sub invite only. How are we gonna get short squeeze tips now?

Edit: Now I’m reading Reddit actually banned the sub. Wow! Big tech teaming up with Wall Street yet again to fuk us over.

read they are cleaning out the bots and spam, happened couple weeks ago too,
but who knows

01-27-2021, 04:50 PM

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#564

Jaydawg08
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Originally Posted By drLihp⏩

read they are cleaning out the bots and spam, happened couple weeks ago too,
but who knows

Thought I read that they are trying to keep it to people who have over 1k+ karma to be able to post in order to clean out the bots and spam

01-27-2021, 04:50 PM

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#565

BetaAsPhuck
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Originally Posted By ScramFranklin⏩

this was good

That is a good video, brah tells the story brilliantly.

01-27-2021, 04:51 PM

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#566

rootcon
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Originally Posted By wasp9166⏩

Yeah ,been all over fox biz and cnbc today
.saw charles payne go off live

They saying gonna be some changes coming

Wall St isn't vegas

Nonsense. Penny stocks are gambling. Thing is now some big boy institutions are getting hurt, then getting bailed out, doubling down, then losing big again. Fed doesn't like to see that as it can spider out like a crack in glass

01-27-2021, 04:52 PM

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#567

CalmYerSwag
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So glad I sold today. It’s gonna drop hard now that no one is selling people to diamond hand. Everyone will fold. I can’t believe I timed the top. God is good