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Forum » The GME tears will be glorious
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Thread: The GME tears will be glorious

post 1629948093 01-28-2021, 01:26 PM
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The GME tears will be glorious

- thinking it was their right to become a millionaire by putting $10,000 of student loan money into a stock priced at 60x its intrinsic value

- Suing Robin Hood for protecting its degenerate gambler userbase from their own worst instincts.

- Calling Melvin Capital the essence of evil, despite not knowing they existed until a week ago.

- Thinking they're "sticking it to Wall Street" when large institutions such as Blackrock own over 70% of GME stock.

- Spreading outright falsehoods even faster than CV-19

- Flooding every platform to spam promotional posts to buy GME stock

- Thinking they're the next Warren Buffet for buying a stock during the late stages of a pump-and-dump, and bragging about it everywhere they go.

- Acting like they're an altruistic force putting a stop to Wall Street's excesses, when in reality they are a mob motivated by greed.

Originally I had no strong feelings about it one way or the other. But now I will take great pleasure in watching every idiot with $500 in their brokerage account lose 90% of their money.
post 1629948253 01-28-2021, 01:27 PM
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Hedge funds will probably still get money from a tweaked stimulus bill regardless if they win lose or draw in this saga lmfao
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post 1629948313 01-28-2021, 01:28 PM
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honestly can't wait. autistic screeching gonna be crazy when it drops another 30% tomorrow

brb being mad at not allowing others to buy a stock that has gone up thousands of % for your own personal gain. that is the definition of greed and evil.
post 1629948373 01-28-2021, 01:29 PM
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You sound upset OP
post 1629948463 01-28-2021, 01:30 PM
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Originally Posted By BalognaNbeans⏩
You sound upset OP
Actually I'm in a great mood. Down 32% today so far!
post 1629948493 01-28-2021, 01:30 PM
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lets all laugh and go against the normal guys for trying to make their lives better, the absolute state of this thread OP you clown.
post 1629948673 01-28-2021, 01:33 PM
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Originally Posted By theluckylad⏩
lets all laugh and go against the normal guys for trying to make their lives better, the absolute state of this thread OP you clown.
they're "trying to make their lives better" by convincing others to buy something they know will be worthless 3 months from now for their own personal gain
post 1629948753 01-28-2021, 01:34 PM
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Me too. Only because these guys couldnt stop bragging about how much they made/were going to make. Market will always humble you if you are a cocky *******.
post 1629948933 01-28-2021, 01:36 PM
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There's about to be a large population of GME bag holders soon. Every short squeeze in history has seen massive gains like this only to see it come crashing back down to Earth weeks later.

So who bought put options for this ride down?
post 1629948963 01-28-2021, 01:37 PM
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Yeah OP because big money shorting companies into the dirt is just great adds value to the world.
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post 1629949003 01-28-2021, 01:38 PM
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I didn't time it perfectly, as I got in Monday and wish I did earlier. Sold half yesterday morning and the rest right before close yesterday.

I almost bought some Puts at the top this morning as well, as that would have been the OG move. Still made about a year's salary in three days, but it was such an obvious play that I regret not doing it and doubling my money this morning when it dropped from like $500 to $150 in 30 minutes.

Anyways, good week of investing. And now I have funds for more guilt free plays in the future. Feel bad for everybody who didn't sell in time, but luckily the broke ones likely didn't lose that much and it will be a valuable learning experience.
post 1629949133 01-28-2021, 01:39 PM
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Originally Posted By JoshSP1985⏩
Yeah OP because big money shorting companies into the dirt is just great adds value to the world.
being short a stock doesn't drive down its value. Its lack of buyers due to a company not being a valued investment which drives down the price

anyone can short any stock they want if they believe its overvalued
post 1629949203 01-28-2021, 01:40 PM
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You are right about most things

But defending short selling investment companies is spineless
post 1629949373 01-28-2021, 01:42 PM
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Originally Posted By MisterDiapers⏩
being short a stock doesn't drive down its value. Its lack of buyers due to a company not being a valued investment which drives down the price

anyone can short any stock they want if they believe its overvalued
the reason for lack of buyers is due to the coordinated efforts from brokers today to ban people from buying anymore shares
post 1629949453 01-28-2021, 01:43 PM
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Originally Posted By MisterDiapers⏩
being short a stock doesn't drive down its value. Its lack of buyers due to a company not being a valued investment which drives down the price

anyone can short any stock they want if they believe its overvalued
All shorting is not created equal
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post 1629949473 01-28-2021, 01:43 PM
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Originally Posted By theluckylad⏩
the reason for lack of buyers is due to the coordinated efforts from brokers today to ban people from buying anymore shares
Brokers are protecting people from their own worst instincts. Nobody buying the GME at the prices seen yesterday will see a profit, ever.
post 1629949533 01-28-2021, 01:44 PM
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The only difference I see here is usually billionaires short squeeze billionaires and its all regular degular.

This time, it was done by an army of retards. And the players like RH, etc... Had to tweak the rules to favor the billionaires which has triggered a chain reaction of more interest from not just regular everyday people (which is huge) but also high ranking officials in our government.

So I definitely wouldnt be risking my life savings on a get rich quick shceme, but this is interesting and worth throwing some play money at to maybe make some extra cash this week. But I do see this last no more than a week or two at most.
Are you not entertained?

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It's All About the U
post 1629949653 01-28-2021, 01:46 PM
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Now is the time to short this stock / buy puts
post 1629949683 01-28-2021, 01:47 PM
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I can tell you’re a low IQ simpleton who doesn’t know what you’re talking about. This isn’t about reddit or entitled people. This is about Wallstreet getting a taste of their own medicine. They run momentum plays on stocks all the time. Now that a few retail investors are doing it they are shutting down their avenues for playing the game. If you think this is right its because you are dumb (not name calling, I mean you literally aren’t very smart) and you would probably be better off staying in your own lane.
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post 1629949693 01-28-2021, 01:47 PM
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Originally Posted By jademaster⏩
I don't want to laugh at other people's misfortune, but it's true, a lot of the guys trading these stocks were greedy and had no idea what they were doing.

TBH, it's better for them to take a big risk and go broke when they're 25 or 30 and have a few thousand dollars than when they're middle-aged and have much more to lose.
True. A lot of these guys in their early 30s or 20s really dont remember 2008 or had nothing to lose at the time. They've never been humbled by the market (even with the big losses earlier last year).

EVERY successful fund manager has had quite a few expensive lessons in their day.
post 1629949943 01-28-2021, 01:50 PM
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Originally Posted By guitarwar241⏩
There's about to be a large population of GME bag holders soon. Every short squeeze in history has seen massive gains like this only to see it come crashing back down to Earth weeks later.

So who bought put options for this ride down?
Bought some $50 puts that expire 2/5 this morning when it was around $400/share. Already up 40% on my investment and the glorious carnage is just beginning...

Institutional money vs reddit stimulus checks...tough choice in that battle, but as a policy, I always bet on bloat.
post 1629949963 01-28-2021, 01:50 PM
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Originally Posted By MrAWatts⏩
I can tell you’re a low IQ simpleton who doesn’t know what you’re talking about. This isn’t about reddit or entitled people. This is about Wallstreet getting a taste of their own medicine. They run momentum plays on stocks all the time. Now that a few retail investors are doing it they are shutting down their avenues for playing the game. If you think this is right its because you are dumb (not name calling, I mean you literally aren’t very smart) and you would probably be better off staying in your own lane.
When will you realize that Wall Street isn't some monolithic force? More than 70% of GME shares are held by large institutions. Wall Street profited more off this squeeze than the morons running this stock up.

I'm working on a Masters in financial planning so yes I am staying in my lane.
post 1629950013 01-28-2021, 01:51 PM
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Originally Posted By SimpIeJack⏩
Brokers are protecting people from their own worst instincts. Nobody buying the GME at the prices seen yesterday will see a profit, ever.
'Brokers are protecting people from their own worst instincts'

ooh dear you're parroting that old line now - you just copying quotes from CNBC? 'normal people aren't smart enough to know what they're doing with their own investments so we must protect them (its for them we swear) by banning the ability to purchase any more stock thus creating panic sales thus saving our billionaire hedge fund investors from doom'
post 1629950113 01-28-2021, 01:53 PM
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Originally Posted By MrAWatts⏩
I can tell you’re a low IQ simpleton who doesn’t know what you’re talking about. This isn’t about reddit or entitled people. This is about Wallstreet getting a taste of their own medicine. They run momentum plays on stocks all the time. Now that a few retail investors are doing it they are shutting down their avenues for playing the game. If you think this is right its because you are dumb (not name calling, I mean you literally aren’t very smart) and you would probably be better off staying in your own lane.
dont you think its different when a hedge fund with billions in capital and educated individuals makes these types of plays knowing the risks involved vs. a bunch of people who have never traded start doing the same and could lose their life savings without knowledge of the potential downside? I think there needs to be a line drawn with what a retail investor is allowed to do. That's why there's the 25K day trading rule, options approvals required, etc. Most of these things aren't to "keep the retail trader poor." It's to protect them from losing everything, which is what many new traders actually do
post 1629950123 01-28-2021, 01:53 PM
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Originally Posted By theluckylad⏩
'Brokers are protecting people from their own worst instincts'

ooh dear you're parroting that old line now - you just copying quotes from CNBC? 'normal people aren't smart enough to know what they're doing with their own investments so we must protect them (its for them we swear) by banning the ability to purchase any more stock thus creating panic sales thus saving our billionaire hedge fund investors from doom'
Do you honestly believe that anyone going buying GME at $300 is going to make money?

Spoiler!
if you do, you're one of the ones who needs to be protected
post 1629950173 01-28-2021, 01:54 PM
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2 negs so far. Guess I hit a nerve with this one

Edit: 5 negs
post 1629950233 01-28-2021, 01:54 PM
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Lol imagine what a complete ******* a person has to be to think like the OP and not be part of the Wall Street billionaire/millionaire crew
post 1629950243 01-28-2021, 01:54 PM
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there was blood in the water and the billionaires used the regular joe as a flotation device is the bottom line... **** what anyone has to say otherwise
post 1629950313 01-28-2021, 01:55 PM
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Originally Posted By MisterDiapers⏩
dont you think its different when a hedge fund with billions in capital and educated individuals makes these types of plays knowing the risks involved vs. a bunch of people who have never traded start doing the same and could lose their life savings without knowledge of the potential downside? I think there needs to be a line drawn with what a retail investor is allowed to do. That's why there's the 25K day trading rule, options approvals required, etc. Most of these things aren't to "keep the retail trader poor." It's to protect them from losing everything, which is what many new traders actually do
Why is there no limit or requirement for buying lottery tickets? Or going to a casino? This is an absolutely retarded take on your part, sorry
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post 1629950413 01-28-2021, 01:57 PM
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Originally Posted By DimTriad⏩
Why is there no limit or requirement for buying lottery tickets? Or going to a casino? This is an absolutely retarded take on your part, sorry
Most states don't even allow casinos but please, continue to reeeeeeeee
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