Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets (user search)
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  Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets (search mode)
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Question: Did you buy gamestop stock recently?
#1
Yes
 
#2
No
 
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Total Voters: 66

Author Topic: Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets  (Read 10762 times)
GP270watch
Junior Chimp
*****
Posts: 9,683


« on: January 27, 2021, 01:50:56 PM »

 “If you stick around long enough, you'll see everything in markets” -  Warren Buffet
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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #1 on: January 27, 2021, 04:27:29 PM »



Both are good investments compared to the absolute state of interest-bearing savings accounts and bonds

 This is not true. Any stock or security can go to zero. While the American dollar loses purchasing power due to inflation, there is very little danger of The United States dollar being worthless in your lifetime.

 The past performance of Bitcoin or recent returns of GME means nothing, they are still highly speculative and when many people are chasing big returns and quick gains these are usually signs of a bubble and really poor regulation in a financial market.
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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #2 on: January 27, 2021, 05:04:11 PM »


"Socialist." Everyone involved in this story is bad, including the Redditors who talk and act like total douches on their subreddit. Martin Shkreli was a moderator on WSB, in case you're not aware.

Also, the idea that the stock market should be "for everyone" is a perverse and dystopian vision of the future. America has enough greed and deification of wealth and power as is; imagine a country where everybody is their own little "stock manager" only looking out for the next buck to make on trading markets.

 These are good points. Investing and financial markets were basically solved for the average person by Jack Bogle. Buy a 3 fund portfolio and keep dollar cost averaging into it during your working lifetime and you will never have to worry about much related to financial markets.
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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #3 on: January 28, 2021, 10:51:14 AM »

I've accidentally made money in this foolishness. I own some shares of AMCX (the cable network company) that has apparently been confused by some for AMC (the movie theater company).

 It's because a lot of these morons are using leverage to speculate on these stocks and when they go to buy options and contracts they don't even know what they're looking at.
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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #4 on: January 28, 2021, 01:25:10 PM »

AOC was right to post what she did about Cruz. He's such a phony.
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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #5 on: January 28, 2021, 02:00:11 PM »
« Edited: January 28, 2021, 02:04:46 PM by GP270watch »

AOC was right to post what she did about Cruz. He's such a phony.

He cynically demagogued Trump's stupid stolen election narrative, but AOC writes as if he personally hired the best sniper east of the Mississippi. Bringing accountability to the people rigging the financial system is more important than scoring social media points on Ted Cruz.

 Cruz is such a joke and trying to rebrand himself as a populist is laughable. His dishonesty caused real violence to happen. His wife was also a private wealth manager at Goldman Sachs! He's about as insider and Wallstreet establishment as it gets.


Why Ted Cruz is wowing some of Wall Street's money-men

 Before Trump won the GOP nomination almost exclusively off the strength of his performance with Republican voters, Cruz was backed by a lot of big money Wall Street financiers and was actively courting their support. He is a despicable opportunist and a fraud.
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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #6 on: January 28, 2021, 02:16:11 PM »

Cruz is such a joke and trying to rebrand himself as a populist is laughable. His dishonesty caused real violence to happen. His wife was also a private wealth manager at Goldman Sachs! He's about as insider and Wallstreet establishment as it gets.

That is more to the point, and nothing that I would argue against, but it doesn't mean that he wouldn't vote the right way if he saw a percentage in it. It's also totally removed from AOC's hysterics.

 You are aware that the DOJ charged Garret Miller of Texas for posting online death threats against AOC the day of the Capitol riot, including one tweet that simply read, "Assassinate AOC."

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GP270watch
Junior Chimp
*****
Posts: 9,683


« Reply #7 on: January 28, 2021, 03:41:02 PM »
« Edited: January 28, 2021, 03:48:09 PM by GP270watch »

 The fact that the SEC is made up of folks who eventually want to or end up working on Wallstreet means they are the cops, like all cops for the establishment. In the 2007-2009 credit crash the people who got the most scrutiny and investigations were the short-sellers who knew the housing market was being over leveraged and the financial instruments packaging up mortgages were complete garbage with dishonest ratings. They got the vast majority of audits and investigation when it should have been the investments banks, mortgage lenders, and credit rating agencies.
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