Hedge fund tries to short Gamestop, now gets short squeezed by R/wallstreetbets

[lfromnj]

https://www.cnbc.com/2021/01/26/gamestop-shares-are-jumping-again-but-short-sellers-arent-backing-down.html

Has caused the stock to increase by  6 times in 1 month.

Basically Gamestop was doing sh**t so it was being shorted aka when you ask for a "loan" of a stock and promise to repay the lender the back with the stock itself at whatever price it was. However it turns out they shorted too many shares, and along with Gamestop getting some decent news recently it meant one company or a large group of people could buy up the remaining supply of stocks which means it would be much harder to pay of the stock short. Infact there were literally more shorted shares than actual market shares available.

Anyway LOL!

In reality it isn't just a subreddit, but other stuff too.

[Santander]

Can't always win at the casino, even if you can find an edge.

[GALeftist]

Literally free money boys yahoo

[politics_king]

Good. I've never been a fan of Wall Street, they are a big problem when it comes to companies and how they treat workers.

[Sestak]

haha game stonk go brrrrrrr

[John Dule]

Gamers rise up.

[Former President tack50]

I may be economically illiterate, and I think that shorting and hedge funds are bad, so nice to see them being screwed

Also, it is worth noting that a small (key word: small) bump would have been expected given how the PS5 just launched. Here is a post someone made 2 weeks ago in a video games forum I visit. It seems Reddit timed it perfectly.

[Badger]

I almost wish GameStop wasn't doing well though. It is a notoriously Bad Company to work for, and would love to see it fall prey to smaller chains.

[lfromnj]

It went upto 300 lol.

[It’s so Joever]

Free market for me but not for thee.

[Malarkey Decider]

I almost wish GameStop wasn't doing well though. It is a notoriously Bad Company to work for, and would love to see it fall prey to smaller chains.

WoUlD yOu LiKe tO sIGn uP fOr  THe pOWeRuP rEwArdS pRogRam.

[True Federalist (진정한 연방 주의자)]

I almost wish GameStop wasn't doing well though. It is a notoriously Bad Company to work for, and would love to see it fall prey to smaller chains.

It won't. It's falling prey to online distribution.

[GALeftist]

It'll probably hit 400 at least by the end of the day at the rate things are going lol

Side note, this really puts into perspective how much money these people have. Like, at the end of the day, this is basically just a couple hedge fund managers who got too greedy being vultures and are now having their lunch money taken, and now there are multiple multimillionaires just from this. But there's so much more wealth being hoarded than this; this is really just a drop in the bucket

[lfromnj]

https://www.marketwatch.com/story/disruptions-reported-at-multiple-brokerages-as-gamestop-amc-surge-2021-01-27

RIGGED
Brokers are rigging it in favor of the hedgefund and have had disruptions.

(In reality its probably just overload)

[GALeftist]

https://www.marketwatch.com/story/disruptions-reported-at-multiple-brokerages-as-gamestop-amc-surge-2021-01-27

RIGGED
Brokers are rigging it in favor of the hedgefund and have had disruptions.

Wait, wait, wait. You're telling me I have to RISK MONEY in the stock market??? Utterly unacceptable reeee time to market manipulate

[True Federalist (진정한 연방 주의자)]

https://www.marketwatch.com/story/disruptions-reported-at-multiple-brokerages-as-gamestop-amc-surge-2021-01-27

RIGGED
Brokers are rigging it in favor of the hedgefund and have had disruptions.

Wait, wait, wait. You're telling me I have to RISK MONEY in the stock market??? Utterly unacceptable reeee time to market manipulate

You spend too much time on Reddit.

[RINO Tom]

Free market for me but not for thee.

There are already rules preventing pretty much this exact type of activity for more traditional channels of investing...?

[GALeftist]

https://www.marketwatch.com/story/disruptions-reported-at-multiple-brokerages-as-gamestop-amc-surge-2021-01-27

RIGGED
Brokers are rigging it in favor of the hedgefund and have had disruptions.

Wait, wait, wait. You're telling me I have to RISK MONEY in the stock market??? Utterly unacceptable reeee time to market manipulate

You spend too much time on Reddit.

yeah, probably so

[GP270watch]

 “If you stick around long enough, you'll see everything in markets” -  Warren Buffet

[OSR stands with Israel]

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html


LMAO

[GALeftist]

https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html


LMAO

:/

[Fudotei]

Of course, for every Citron, there's people who can follow the intuition of the (as they refer to themselves) apes on r/wsb and make some money:

https://www.reuters.com/article/us-blackrock-investment-gamestop/blackrock-may-have-raked-in-2-4-billion-on-gamestops-retail-driven-stock-frenzy-idUSKBN29W22T

Power to the players indeed. This saga has been interesting for me: hard to argue that democratization of trading (via commission-free brokers) is a bad thing for main street, as risky as it is. Should be worth a mention in a think tank about how to spread it more.

[Fmr. Gov. NickG]

Just more proof that capitalism doesn't work.

[Bootes Void]

i actually have shares in BlackBerry, and theyre pumping this as well. Its crazy. I have heard stories of people making 300% return in a week

[Fmr. Gov. NickG]

I mean, is there any difference between investing in this and investing in Bitcoin?