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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 1630427783 02-03-2021, 07:29 AM
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#1621
  1. MikeLowrrrey
  1. MikeLowrrrey
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Originally Posted By roughinhouse⏩
greed took the best of me today. I slowly made around 20k trading stocks using big names like google, apple, etc as small time hobby. Then i got hyped up, cashed out all my stocks, and put in gme. lost it all in 1 day plus the 5k i started with in GME. Learned my lesson but i feel nauseous.
You're an absolute idiot. Should've been no more than $3k to put in GME. Did you sell? Might as well keep that **** in and pray in explodes.

I got $700 tied in AMC. Lost have so far. Not selling still, but I think it's about over.
post 1630431383 02-03-2021, 08:30 AM
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#1622
  1. ANumber1
  2. Duke of New York
  1. ANumber1
  2. Duke of New York
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Originally Posted By roughinhouse⏩
greed took the best of me today. I slowly made around 20k trading stocks using big names like google, apple, etc as small time hobby. Then i got hyped up, cashed out all my stocks, and put in gme. lost it all in 1 day plus the 5k i started with in GME. Learned my lesson but i feel nauseous.
Oh, man.

I do think everybody who actively trades has blown up their first account at some point. This is a heavy one but learn from it.
Originally Posted By MikeLowrrrey⏩
I got $700 tied in AMC. Lost have so far. Not selling still, but I think it's about over.
I had a covered call I'd sold against my AMC position so couldn't take advantage of the spike. Closed it all out and took my 60% gains on the original investment at $2.50. Will buy back in if it dips to $5 again.

With all that debt off their books, I think that's going to be a surprisingly durable company after all. When the pandemic eases you might still recover some of your losses on your existing position.
Nah, fukk that. I’m not doing that.
post 1630436163 02-03-2021, 09:27 AM
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#1623
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  3. Join Date: Oct 2015
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gamestop is hiring executives lol.

they should figure out how to acquire some software studios.
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 1630436503 02-03-2021, 09:32 AM
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#1624
  1. ANumber1
  2. Duke of New York
  1. ANumber1
  2. Duke of New York
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Originally Posted By AltarOfPlagues⏩
gamestop is hiring executives lol.

they should figure out how to acquire some software studios.
Including their first CTO, in a company that deals with software, in 2021. LOL.

They screwed the pooch royally when they bought Impulse in 2011 and just, like, forgot. They could have been the natural rival to Steam. A bunch of cool synergies are possible there if they want to make a serious digital push, though.

Same for AMC. They were already trying to figure out how to tie their in-theater rewards program into their streaming service before the pandemic. There are angles, they just have to figure out how to work them. People like the brand.
Nah, fukk that. I’m not doing that.
post 1630438663 02-03-2021, 09:58 AM
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#1625
  1. MikeLowrrrey
  1. MikeLowrrrey
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Originally Posted By AltarOfPlagues⏩
gamestop is hiring executives lol.

they should figure out how to acquire some software studios.
Executives for what? Become a developer and acquire software studios? Doesn't sound like a bad idea imo.
post 1630446033 02-03-2021, 11:28 AM
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#1626
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  3. Join Date: Oct 2015
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Originally Posted By MikeLowrrrey⏩
Executives for what? Become a developer and acquire software studios? Doesn't sound like a bad idea imo.
wtf else are they gonna do? they are still a company, they are just outmoded. they can make cell phone games or something. a handheld platform?

"the brick an mortar retail store is done" is what i keep telling my wife but somehow she keeps managing to come home with bags of clothes and makeup and shiit. serums and ****.

i dont even know what a serum is
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 1630449163 02-03-2021, 12:02 PM
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#1627
  1. Nonsense916
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  1. Nonsense916
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This is all entertaining to me

I bought some yesterday at $103

Inb4 I lose it all
Losers let it happen, winners make it happen.

Nonsense Army Crew.
post 1630450443 02-03-2021, 12:16 PM
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#1628
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
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Originally Posted By Nonsense916⏩
This is all entertaining to me

I bought some yesterday at $103

Inb4 I lose it all
if they can put out some literature or some chit, maybe 100 is a good value. saying cant they say some business bullchit.

"The support for GameStop nationwide has been unprecedented. We at GameStop are grateful... and we hear you! Now more than ever, it is Power to the Players! (tm) Gamers truly hold the futurein their hands (wink)! We are revamping and revolutionizing the gaming delivery experience. We will be exploring new bullshiit to git gud. Streamlining our footprint, and pivoting hard to brand new gaming shiits"

there is no value in the company but this hasn't been a serious problem for an american company in decades.
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 1630453603 02-03-2021, 12:53 PM
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#1629
  1. sugalump5
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Originally Posted By VoxExMachina⏩
I was telling people not to chase this when they were late to the game, but so many were convinced it was going to $1000.

All fun and games if you just bought a few shares for the lulz, but feel bad for the kids that didn't know what they were doing and put in more than they could afford to lose.
The thing is it could have easily went to 1000 that thursday or atleast very close to it, until they literally restricted buying. So while greed is the biggest reason most of us got screwed the rug got pulled out from most of us on thursday and there was no way you could see it coming.
post 1630459863 02-03-2021, 02:11 PM
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#1630
  1. FrankGrimesJr
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Serious question: wouldn't it be a good time to short it now since it's on it's way down? Can us regular people even short on Robinhood?
post 1630460043 02-03-2021, 02:13 PM
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#1631
  1. GuineaDago585
  2. Bert McGirt
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So when is AMC going to hit $50? Getting tired of looking at losses.
post 1630461733 02-03-2021, 02:32 PM
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#1632
  1. entropy91
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  1. entropy91
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Originally Posted By GuineaDago585⏩
So when is AMC going to hit $50? Getting tired of looking at losses.
Waiting to see what happens by Friday
post 1630486963 02-03-2021, 08:13 PM
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#1633
  1. Tough92
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Originally Posted By entropy91⏩
Waiting to see what happens by Friday
What’s Friday?


I have 28 shares at $13, if robinhood didn’t screw everyone I was thinking it was gonna go $20+ 100% and I would of sold.



Now I’m thinking the long game with AMC, things are slowly going back to normal so when movie theaters open at full capacity it should jump
"The greatest pleasure in life is doing what people say you cannot do"
post 1630491183 02-03-2021, 09:11 PM
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#1634
  1. guitarwar241
  2. Atheist Brah
  1. guitarwar241
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Originally Posted By GuineaDago585⏩
So when is AMC going to hit $50? Getting tired of looking at losses.
It's never going to. They've narrowly escaped death with the loan they received recently, but they're still in horrible shape. Most analysts have a price target of $2 for AMC.
post 1630493343 02-03-2021, 09:50 PM
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#1635
  1. Maxamanius
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Originally Posted By GuineaDago585⏩
So when is AMC going to hit $50? Getting tired of looking at losses.
probably never, they're all pump and dumps my friend. Better off selling what you got and putting it into crypto
post 1630494373 02-03-2021, 10:08 PM
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#1636
  1. entropy91
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  1. entropy91
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Originally Posted By guitarwar241⏩
It's never going to. They've narrowly escaped death with the loan they received recently, but they're still in horrible shape. Most analysts have a price target of $2 for AMC.
There's a small chance. People are piling in droves and absorbing all of the dilution. The apps are lifting limits and from what I can see some shorts have gotten pretty rekt.

All it needs is some upward momentum and people will pile in with the force of 10,000 kakarots after watching krillan get murked by frieza.

I dumped some money into Nokia and AMC just to go along for the ride. I'm only slightly green, but I give no ****s.

BlackRock increased their holding by 60% yesterday. Analysts slashed the value from $2 to $1 even though AMC is in a much better position now financially and theaters have started opening back up.

They black bagged the subreddit yesterday 8 minutes before market open and kept it closed until 5 minutes after the markets closed. Clearly there's games being played for a reason. I'm here because I like popcorn.
post 1630502423 02-04-2021, 01:58 AM
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#1637
  1. guitarwar241
  2. Atheist Brah
  1. guitarwar241
  2. Atheist Brah
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Originally Posted By entropy91⏩
There's a small chance. People are piling in droves and absorbing all of the dilution. The apps are lifting limits and from what I can see some shorts have gotten pretty rekt.

All it needs is some upward momentum and people will pile in with the force of 10,000 kakarots after watching krillan get murked by frieza.

I dumped some money into Nokia and AMC just to go along for the ride. I'm only slightly green, but I give no ****s.

BlackRock increased their holding by 60% yesterday. Analysts slashed the value from $2 to $1 even though AMC is in a much better position now financially and theaters have started opening back up.

They black bagged the subreddit yesterday 8 minutes before market open and kept it closed until 5 minutes after the markets closed. Clearly there's games being played for a reason. I'm here because I like popcorn.
No, there's a 0% chance. AMC went public in 2013 and has only hit a high of $35.68 in its heyday. Heading into this pandemic, AMC had $5 billion in debt and they're currently sitting at roughly $5.7 billion so it didn't get any easier for them. This company is having a difficult time just keeping its doors open let alone hitting record highs when it's drowning in debt.
post 1630505243 02-04-2021, 04:10 AM
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#1638
  1. entropy91
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  1. entropy91
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Originally Posted By guitarwar241⏩
No, there's a 0% chance. AMC went public in 2013 and has only hit a high of $35.68 in its heyday. Heading into this pandemic, AMC had $5 billion in debt and they're currently sitting at roughly $5.7 billion so it didn't get any easier for them. This company is having a difficult time just keeping its doors open let alone hitting record highs when it's drowning in debt.
Nothing is absolute, no matter how bad you want it to be.
post 1630509043 02-04-2021, 06:05 AM
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#1639
  1. alphagorilla
  2. Clit Commander
  1. alphagorilla
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Brazilian Crew [<O>]
Keto(since 11/11/2011)
post 1630515423 02-04-2021, 07:44 AM
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#1640
  1. MiscInformed
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  1. MiscInformed
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You wanna make some money right now?

Print and sell a bunch of these while there's a huge sympathetic market for them.


https://www.youtube.com/watch?v=Z5pJQWU8_nc
"Buy a man eat fish, the day, teach man, to lifetime." - Joe Biden

2022 New Year's Resolution: Randomly neg TheScapeGOAT for lulz.
post 1630515533 02-04-2021, 07:47 AM
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#1641
  1. katya422
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Originally Posted By AltarOfPlagues⏩
wtf else are they gonna do? they are still a company, they are just outmoded. they can make cell phone games or something. a handheld platform?

"the brick an mortar retail store is done" is what i keep telling my wife but somehow she keeps managing to come home with bags of clothes and makeup and shiit. serums and ****.

i dont even know what a serum is


Or at least maybe save you some $$.

No7 from Boots-

https://thedermreview.com/boots-no-7-skin-care-reviews/

The Ordinary-

https://www.allure.com/gallery/best-...-care-products
INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1630516863 02-04-2021, 08:07 AM
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#1642
  1. ANumber1
  2. Duke of New York
  1. ANumber1
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Originally Posted By guitarwar241⏩
No, there's a 0% chance. AMC went public in 2013 and has only hit a high of $35.68 in its heyday. Heading into this pandemic, AMC had $5 billion in debt and they're currently sitting at roughly $5.7 billion so it didn't get any easier for them. This company is having a difficult time just keeping its doors open let alone hitting record highs when it's drowning in debt.
I wouldn't say 0%, but the bull thesis was never real.

At least with GME we honestly won't know for sure until the 9th. Pricing usually reflects what people believe about the future, and the report on short interest will likely revise those beliefs. Anything else seems like wish-casting.
Nah, fukk that. I’m not doing that.
post 1630519623 02-04-2021, 08:50 AM
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#1643
  1. _zman
  2. Trancebrah
  1. _zman
  2. Trancebrah
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Originally Posted By entropy91⏩
There's a small chance. People are piling in droves and absorbing all of the dilution. The apps are lifting limits and from what I can see some shorts have gotten pretty rekt.

All it needs is some upward momentum and people will pile in with the force of 10,000 kakarots after watching krillan get murked by frieza.

I dumped some money into Nokia and AMC just to go along for the ride. I'm only slightly green, but I give no ****s.

BlackRock increased their holding by 60% yesterday. Analysts slashed the value from $2 to $1 even though AMC is in a much better position now financially and theaters have started opening back up.

They black bagged the subreddit yesterday 8 minutes before market open and kept it closed until 5 minutes after the markets closed. Clearly there's games being played for a reason. I'm here because I like popcorn.
I just needed to see something happen to keep them afloat and it did. So I bought at $4.68. A lot of people don't know the Chinese own AMC and own the majority of theatres world wide, and it's a huge propaganda machine. Could it still go under, sure. But I don't see that happening in the near future. So I'll hold. With streaming services releasing so many movies this year, it'll more than likely struggle, but it also depends on what they do next. A-List looked promising, and a lot of people liked it.
★★★ A State of Trance Crew ★★★
♞♞♞ Misc Horse Head Crew ♞♞♞
post 1630521153 02-04-2021, 09:12 AM
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#1644
  1. Fang2
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Damn...all of those who bought GME stock are getting anally raped right now
RIP Pedro Suarez Vertiz. Te queremos Hermano

If your right leg is Thanksgiving and your left leg is Christmas, can I come and visit you between the holidays?
post 1630521373 02-04-2021, 09:15 AM
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#1645
  1. _zman
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Originally Posted By Fang2⏩
Damn...all of those who bought GME stock are getting anally raped right now
Senvest hedge fund made 700mil on it. Paid under $10 for most of their shares.
★★★ A State of Trance Crew ★★★
♞♞♞ Misc Horse Head Crew ♞♞♞
post 1630524243 02-04-2021, 09:53 AM
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#1646
  1. CalmYerSwag
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Glad I got out at 340
Se Vi Pacem Para Bellum

What you know bout pain? Blood sweat and tears man im sittin in the rain.
post 1630530213 02-04-2021, 11:01 AM
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#1647
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  1. AltarOfPlagues
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my 401k jumped this week. in just 22 short years i will be able to wait a few more years and start drawin on that bad boy
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 1630540293 02-04-2021, 12:52 PM
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#1648
  1. entropy91
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  1. entropy91
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Originally Posted By _zman⏩
I just needed to see something happen to keep them afloat and it did. So I bought at $4.68. A lot of people don't know the Chinese own AMC and own the majority of theatres world wide, and it's a huge propaganda machine. Could it still go under, sure. But I don't see that happening in the near future. So I'll hold. With streaming services releasing so many movies this year, it'll more than likely struggle, but it also depends on what they do next. A-List looked promising, and a lot of people liked it.
I threw in a small stack to get out at $40. If the trading platforms didn't cuck everybody it most likely would have hit. I also got in at below $5. Still sucks missing out on unrealized gains.
post 1630540853 02-04-2021, 01:00 PM
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#1649
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
  1. AltarOfPlagues
  2. yerrrrrrrr meh?
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Originally Posted By entropy91⏩
I threw in a small stack to get out at $40. If the trading platforms didn't cuck everybody it most likely would have hit. I also got in at below $5. Still sucks missing out on unrealized gains.


just need a time machine and you will be a g
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 1630542943 02-04-2021, 01:20 PM
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#1650
  1. BetaAsPhuck
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Louis Rossmann

I do not recognize wallstreetbets at all right now. Perhaps it is the fact that they're moderation team have been purging other moderators, perhaps it's the fact that it went from 1 million people to about 9 million people inside of a week. But little is recognizable from the group whose due diligence at one point in time helped me make decisions like purchasing ICLN before the election. Just a bunch of people yelling about one stock and one stock only, posting the same diamond hands emoji over and over again, crucifying with downvotes anyone who doesn't believe the short squeeze happened already - last Wednesday to Friday.

All good things come to an end. I suppose it is difficult and unrealistic to expect a community that grows nine times its initial size inside of a week to retain any of its initial characteristics. I don't recognize that place anymore. Don't get me wrong, as I have said they have always been ridiculous...... But it was a different brand of ridiculous.

If you've checked out my videos, and you visit that forum, do keep in mind that my videos were made when it was 10% it's current size and does not reflect what you see when you go there now

https://www.youtube.com/post/Ugz99qVKB3v8RnAcPOx4AaABCQ

If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
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