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Forum » BlackRock may have raked in $2.4 BILLION from Reddit's GME stock frenzy
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Thread: BlackRock may have raked in $2.4 BILLION from Reddit's GME stock frenzy

post 1630695903 02-06-2021, 09:25 AM
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#1
  1. Noliberals4
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BlackRock may have raked in $2.4 BILLION from Reddit's GME stock frenzy

https://www.reuters.com/article/blac...-idUSL4N2K23QG
BlackRock may have raked in $2.4 bln on GameStop's retail-driven stock frenzy
When will incels learn Chad always wins? Just lmao @ Reddit. You sure showed Wall Street!

Michael Burry also made around $270 million. I am sure he is really sad now and will never do shorts again!

LMAO! WSB going through the 5 stages of grief, hitting full cult status:

Republicans are weak men who pretend to be strong

Democrats are strong men who pretend to be weak
post 1630696033 02-06-2021, 09:28 AM
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  1. Unstumpable
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The little guys at wall street bets really thought they were the ones driving up the stock. lmao most delusional group ever. They were used like useful idiots. But can you really expect from a group that refers to themselves as "retarded autists"?

Whoever didn't predict that once the big players pulled their money out the stock would tank is crazy.
post 1630696093 02-06-2021, 09:29 AM
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Wow blindly pumping a stock helps the smart money and hurts the dumb money? Who could predicted this?

Spoiler!
Oh wait I did

https://forum.obnoxiousbrutes.com/showt...hp?t=179671733
post 1630696153 02-06-2021, 09:30 AM
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Made 22k USD, but was up about 65k USD at one point. Momentum was great and $1000 a share was reachable before the massive market manipulation started on Thursday with Robinhood and other chit tier brokers banning buying GME and the media frenzy (CNBC and the like) manipulating and spreading lies and FUD. It was a great run never seen anything like it before. RIP to everyone who lost on this trade, hope u make it back
post 1630696823 02-06-2021, 09:44 AM
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It sounds like a lot but that’s literal peanuts for black rock since they manage nearly 7 TRILLION worth of assets
Benevolent Dictatorship
🚷 Anti-Degeneracy Crew 🚷
post 1630696853 02-06-2021, 09:45 AM
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Chit... I’m glad I didn’t touch GME. I mean, I fell for AMC but I only bought 10 shares. Never trusting WSB again.
post 1630697073 02-06-2021, 09:49 AM
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  1. PrimarisIn
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My BLK 2055 got 2.6k increase since may lol
post 1630698033 02-06-2021, 10:07 AM
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Someone here posted a link to a sunredsit that was like wsb regret posts, so many people threw away money trying to get on a hype train. I'm so glad I sat this one out, by the time I caught on I would have been one of those suckers buying too late and losing money.
post 1630698323 02-06-2021, 10:15 AM
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#9
  1. SimpIeJack
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Originally Posted By Muscle2021⏩
YTD the performance of your fund is exactly the same as the S&P 500 but you have costs eating away at you just FYI
The expense ratio is 0.14%. Probably not worth selling and realizing capital gains just to exit the fund.
post 1630698393 02-06-2021, 10:17 AM
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I still have $700 tied into AMC LOL


Thinking I sell everything off now and close down my Robinhood account
post 1630698423 02-06-2021, 10:18 AM
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Pro tip: Never buy into a stock that goes up like 10,000% in a few weeks time.

Even those people who bought in at 20-40$ were risking it. Anybody who bought in at $100-300 are dumb mother****ers who deserve to lose their money
Kindness is all that matters in life
post 1630699673 02-06-2021, 10:36 AM
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#12
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Chamath got in on the action as well. Actually there were a few millionaires/billionaires that got in on the action with Reddit. There is no honor among thieves. lol @ thinking the it was the little guy against the big guy.
post 1630699793 02-06-2021, 10:38 AM
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#13
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Originally Posted By guest89⏩
Chamath got in on the action as well. Actually there were a few millionaires/billionaires that got in on the action with Reddit. There is no honor among thieves. lol @ thinking the it was the little guy against the big guy.
Chamath is a narcissist disguising himself as a populist. He will say or do anything as long as he thinks it will gain him public support. I expect him to announce his run for president in the next 8 years.
post 1630699843 02-06-2021, 10:39 AM
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Imagine shorting over $400.
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
post 1630699953 02-06-2021, 10:41 AM
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Op gonna act like Melvin didn’t lose billions?
Dallas Cowboys

Lifted for 30 years

Ass > tits
No Debt Crew
post 1630700043 02-06-2021, 10:43 AM
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#16
  1. SimpIeJack
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Originally Posted By 5x10⏩
Op gonna act like Melvin didn’t lose billions?
What do you care about Melvin? I bet you never even heard of them a month ago.

BTW Melvin losing $2bn means nothing if the other hedge funds picked up $7 bn.
post 1630700403 02-06-2021, 10:51 AM
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Originally Posted By Burgerbuger⏩
Pro tip: Never buy into a stock that goes up like 10,000% in a few weeks time.

Even those people who bought in at 20-40$ were risking it. Anybody who bought in at $100-300 are dumb mother****ers who deserve to lose their money
This lol


LMAO at idiots that bought at $200-$300
Atlanta Falcons!!!
post 1630702233 02-06-2021, 11:26 AM
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#18
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dude, as soon as it hit the news and millions started flocking to the reddit it was OVER, lol at anyone who bought after the rats came in. The original guys probably sold at 300 and became millionaires.
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