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

01-27-2021, 06:09 PM

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#601

BetaAsPhuck
Wage Cuckin' It

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Originally Posted By CalmYerSwag⏩

Thanks man. I’ve been unemployed since late March and worked odd cash jobs since. Was in a massive depression, got Covid two days before Christmas, gave it to my gf too. Spent 1500 bucks for a hotel room for 11 days. Gained gross weight. This is a game changer for me. Time to find a career again and turn it around

I love hearing stories like that.

God bless. I hope this is a turning point in your life.

01-27-2021, 06:12 PM

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#602

BetaAsPhuck
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Originally Posted By Ck4288⏩

WSB Reddit isn’t banned.

It was overloaded and went down for a bit but is back up now.

Yeah, seems like the discord server got mass reported, and then it got banned for 'hate speech'. Then r/wallstreetbets seemed liked it was heading in the same direction so they went private to get rid of any trolls/comments that could be used to justify a ban.

The squeeze is back on!

I salute the hands that didn't shake.

01-27-2021, 06:14 PM

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#603

Trillical
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100% propaganda controlled narrative right here.

01-27-2021, 06:15 PM

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#604

BetaAsPhuck
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Originally Posted By bov188⏩

https://edition.cnn.com/2021/01/27/p...ism/index.html

I posted that earlier.

Garbage article trying to turn this into a partisan issue. Left and Right wing populists have been cheering this on. (AOC and Ana Kasparian have even tweeted in support, and pointing out the hypocrisy of Wall Street.)

Occupy Wall Street was a left wing populist movement.

The last thing the establishment want is for right and left wing populists to unite.

01-27-2021, 06:24 PM

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#605

BetaAsPhuck
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Glenn Greenwald

"What an absolutely extraordinary coincidence of timing that Discord happened to decide the r/Wall Streetbets sub-reddit had too much “hate speech” to tolerate on the same day hedge fund billionaires declared them a huge threat for the crime of winning at their expense!"- Glenn Greenwald

01-27-2021, 06:27 PM

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#606

BetaAsPhuck
Wage Cuckin' It

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01-27-2021, 06:29 PM

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#607

Bluku
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I haven't agreed with some of those people for a long time.

Edit: WSB back up and functioning.

01-27-2021, 06:34 PM

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#608

MetroBrah

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Feeling alpha af. Ded fkin srs

01-27-2021, 06:34 PM

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#609

DDoc
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Originally Posted By Bluku⏩

I haven't agreed with some of those people for a long time.

Yep. Not a fan of AOC or Kasparian but these are strange times and one must find allies where one can. No commie **** but a bipartisan populist type movement can only benefit middle class people imo.

01-27-2021, 06:36 PM

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#610

strawbrerry1
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It's a revolution brahs...

Everyone one of us has a bit of GME in us... every one of us

You can be a fookin sickkunt if you wanna be brah

01-27-2021, 06:37 PM

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#611

Nonsense916
worst poster on the misc

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What’s the next move srs

01-27-2021, 06:40 PM

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#612

samsbolton
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Originally Posted By Nonsense916⏩

What’s the next move srs

It’s not for you, you bum

temporary pic upload

01-27-2021, 06:45 PM

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#613

moosik85
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Can’t wait to see the managers of Melvin in jail for lying about their position yesterday to try manipulate the market....

01-27-2021, 07:07 PM

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#614

Drhunglow

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Originally Posted By BetaAsPhuck⏩

A few years ago, Ackerman called HerbaLife a pyramid scheme and annonced a big short on it. I mean it is a scam right? Well big shareholder was Carl Icahn. So Karl did exactly what WSB is doing right now. He drove HLF up until it destroyed Ackerman. Also he trashtalked him on TV over and over like it was the WWF.

So if that was ok then why isn't this?

01-27-2021, 07:10 PM

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#615

ApeXXXPredator
Banned

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Autists together strong

01-27-2021, 07:11 PM

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#616

IronFeta
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https://www.change.org/p/anyone-who-...ombo_share_abi

Sign petition brahs srs

01-27-2021, 07:14 PM

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#617

moosik85
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Can imagine the convo

Moishe at Melvin: oy I’m down 2 billion!

Levi at point72: not the 6 billion!!

Cohen at citron: you lost 13 billion!!?

Moishe at Melvin: call cousin goldblatt at cnbc and cousin greenman at the sec I want my 20 billion back

01-27-2021, 07:16 PM

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#618

entropy91
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Originally Posted By moosik85⏩

Can imagine the convo

Moishe at Melvin: oy I’m down 2 billion!

Levi at point72: oy not the 6 billion!!

Cohen at citron: you lost 13 billion!!?

Moishe at Melvin: call cousin goldblatt at cnbc and cousin greenman at the sec I want my 20 billion back

lmao

TURN THOSE MACHINES BACK ON!

01-27-2021, 07:30 PM

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#619

MiscInformed
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Originally Posted By strawbrerry1⏩

It's a revolution brahs...

Everyone one of us has a bit of GME in us... every one of us

You can be a fookin sickkunt if you wanna be brah

https://www.youtube.com/watch?v=aTL4qIIxg8A

01-27-2021, 07:32 PM

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#620

luckyboy23
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Originally Posted By moosik85⏩

Can imagine the convo

Moishe at Melvin: oy I’m down 2 billion!

Levi at point72: not the 6 billion!!

Cohen at citron: you lost 13 billion!!?

Moishe at Melvin: call cousin goldblatt at cnbc and cousin greenman at the sec I want my 20 billion back

lmao

01-27-2021, 07:37 PM

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#621

BetaAsPhuck
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Long but good video about what's going on (you can just listen to the audio, doesn't really require looking at the screen)...

01-27-2021, 07:40 PM

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#622

TheFlexatorium
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A guy I work with turned 3k into 40 something since just before Christmas with this thing. He cashed out last night.

When will it be my turn.

01-27-2021, 07:48 PM

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#623

nn586
🤡🌎

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Originally Posted By moosik85⏩

Can imagine the convo

Moishe at Melvin: oy I’m down 2 billion!

Levi at point72: not the 6 billion!!

Cohen at citron: you lost 13 billion!!?

Moishe at Melvin: call cousin goldblatt at cnbc and cousin greenman at the sec I want my 20 billion back

These fukkers got their dicks caught in the cookie jar, i can just imagine some overweight crony with a beer gut in his ivory tower at this very moment pulling out all the stops trying to unfuk the situation, blood vessels about to pop in his head from how irate they are right now.

Absolutely glorious to watch

Spoiler!

01-27-2021, 07:50 PM

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#624

AlBHappy
Caucasian, Bro/Brah/Bruh

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I remember in 08, Sowood Capital was one of my headhunting clients. One Friday after being on the wrong side of some swaps. Poof.vaporized. They used to invest for Harvard's Endowment

As great as this is, I'm worried that in order to cover positions there is going to be a big selloff in the market.

More fun than Bitcoin however.

01-27-2021, 07:59 PM

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#625

BetaAsPhuck
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This isn't just about $GME or $AMC, it's about a level playing field.

It's a divide in between an older generation that had actual upside and a disenfranchised generation born into multiple financial crises held up by a corrupt system.

I graduated into the 08 crisis, thanks!

All the political unrest of our time can be tied back to wage stagnation and regulation that propped up our financial institutions.

When average investors aren't allowed to participate in that upside, are you really surprised we have massive inequality?

PDT rules, accredited investor rules, 401k tax laws designed to trap you in this american idealism of the 1950s that just doesn't exist and probably never did.

Perhaps well intentioned, but is completely blowing up in their face right now.

...

"Separation of money and state.

Crypto was born in 09 as a direct reaction to this financial system. It's a form of protest, an opting out of their game.

It's the internet taking over our financial system and it'll probably be the largest transfer of wealth of our lives.

What we need is a level playing field and we are never going to get that from our governments, they'll always be corruptible no matter how many rules you put on it.

What I'm advocating for is decentralization, where no single party controls the playing field."

From this brah...

01-27-2021, 08:10 PM

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#626

tendies
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Originally Posted By CalmYerSwag⏩

I’ve made more money in two days then in my entire working life. If you don’t sell market open your going to be a bag holder. I’ll bet you 1000 bucks

If we can escrow this with a mod, Ill take this bet. 100% serious. Just lol at selling before contracts expire on Friday. Sitting on 2800 shares, for a short while they where worth just over a million when we hit 370 earlier today. The thought of selling didn't even cross my mind.

01-27-2021, 08:13 PM

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#627

MikeLowrrrey

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Originally Posted By TheFlexatorium⏩

A guy I work with turned 3k into 40 something since just before Christmas with this thing. He cashed out last night.

When will it be my turn.

People legit getting home down payments in 2 weeks. It takes you 3-4 years of hard saving on average to even get close to a 20% down payment and we aren't even talking closing costs

01-27-2021, 08:14 PM

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#628

CalmYerSwag
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Originally Posted By tendies⏩

If we can escrow this with a mod, Ill take this bet. 100% serious. Just lol at selling before contracts expire on Friday. Sitting on 2800 shares, for a short while they where worth just over a million when we hit 370 earlier today. The thought of selling didn't even cross my mind.

There’s no worse feeling than being a bag holder. It might skyrocket but what if you can’t sell out and it dumps

01-27-2021, 08:26 PM

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#629

Destor
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Originally Posted By MikeLowrrrey⏩

People legit getting home down payments in 2 weeks. It takes you 3-4 years of hard saving on average to even get close to a 20% down payment and we aren't even talking closing costs

Can't you buy with a lower % in the US? We can put down 5% as a first-time home buyer in Canada. With interest rates at current levels, you'd honestly be silly to not put down the lowest % and use the spare cash for almost anything else

Bam you have a down payment within a year. I graduated in 2014 and built a new $480k house by 2015

01-27-2021, 08:26 PM

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#630

MikeLowrrrey

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Originally Posted By strawbrerry1⏩

It's a revolution brahs...

Everyone one of us has a bit of GME in us... every one of us

You can be a fookin sickkunt if you wanna be brah

Yeah if you want to take the risk. I'm in full FOMO mode lol. Got some money invested but nowhere near as much as I like. With people making thousands with a week it's crazy. Why did I not buy GameStop back in March? I never lost faith in the company. Had I taken that $1200 stimulus that would've been close to 6 figures now. Down Payment on house, paid for school, and a good savings.

I'll be back to complaining about being a wage slave and crony capitalism next week LOL.

Originally Posted By Destor⏩

Can't you buy with a lower % in the US? We can put down 5% as a first-time home buyer in Canada. With interest rates at current levels, you'd honestly be silly to not put down the lowest % and use the spare cash for almost anything else

Bam you have a down payment within a year. I graduated in 2014 and built a new $480k house by 2015

Yes, we have that program, but if I'm not mistaken your payments are higher. I could be wrong.

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