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Thread: Reddit redefines taking it in the shorts.

  1. #1
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    Reddit redefines taking it in the shorts.

    So the big boy hedge funds got their asses handed to them by some Reddit group (WallStreetBets) that noticed the hedge funds were shorting Gamestop and WSB decided to play back causing the hedge funds to cover their positions at prices that now are over 350 a share, far from the single digit prices the big boys were counting on.

    Now these same hedge funds that bet on companies losing value are complaining about, of all things, stock manipulation.
    These are the same greedy fellatio fanciers that once they decide which stocks to short will go on every financial forum available to denigrate the chosen victim to assure their bets pay off.

    Their losses were compounded when Elon Musk and a couple others that were previously targeted by these same short sell savants decided to help fund the insurrection by buying as many shares as they could, further driving up the price and bankrupting the companies that would have bet on Axis powers if they could have turned a buck in the process.

    The current price is obviously unsustainable and at some point Gamestop will find it's legitimate level. Of course, Musk and the big money buyers will lose money at some point, but they can afford the loss.

    3 words.

    TOO FUCKING BAD.

    My only regret is that I didn't watch and see what was happening and could have turned thousands into millions as many of the WSB members.
    We are so fucked.

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  3. #2
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    It's Trumps fault

    CNN's Chris Cillizza panned for claiming 'Trumpism' is behind GameStop stock surge

    CNN editor-at-large Chris Cillizza raised eyebrows Wednesday by suggesting that "Trumpism" is behind the dramatic surge in the stock price of struggling retailer GameStop.
    He condescends to the little guy when calling out condescension in the article.
    You can't unburn bridges.

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    Quote Originally Posted by gary m View Post
    So the big boy hedge funds got their asses handed to them by some Reddit group (WallStreetBets) that noticed the hedge funds were shorting Gamestop and WSB decided to play back causing the hedge funds to cover their positions at prices that now are over 350 a share, far from the single digit prices the big boys were counting on.

    Now these same hedge funds that bet on companies losing value are complaining about, of all things, stock manipulation.
    These are the same greedy fellatio fanciers that once they decide which stocks to short will go on every financial forum available to denigrate the chosen victim to assure their bets pay off.

    Their losses were compounded when Elon Musk and a couple others that were previously targeted by these same short sell savants decided to help fund the insurrection by buying as many shares as they could, further driving up the price and bankrupting the companies that would have bet on Axis powers if they could have turned a buck in the process.

    The current price is obviously unsustainable and at some point Gamestop will find it's legitimate level. Of course, Musk and the big money buyers will lose money at some point, but they can afford the loss.

    3 words.

    TOO FUCKING BAD.

    My only regret is that I didn't watch and see what was happening and could have turned thousands into millions as many of the WSB members.

    lol!
    Ah, but a man's reach should exceed his grasp,
    Or what's a heaven for? All is silver-grey,
    Placid and perfect with my art: the worse!
    I know both what I want and what might gain,
    And yet how profitless to know, to sigh
    "Had I been two, another and myself,
    "Our head would have o'erlooked the world!" No doubt.

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    Billionaire MLB owner Steven Cohen defiant after GameStop loss and says he’s ‘trying to make a living’

    In response to Dave Portnoy, the owner of Barstool Sports who became irate in the wake of Robinhood's decision to halt trading on its platform, he claimed he was just trying to make a living like anyone else.

    "Hey Dave , What’s your beef with me. I’m just trying to make a living just like you. Happy to take this offline," he said.

    Mr Cohen is worth more than $14bn.


    Oy vey with these guys.
    You can't unburn bridges.

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  8. #6
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    Quote Originally Posted by Hondo View Post
    ...
    The New York Times spoke with Pablo Batista, a former line cook who began following the subreddit driving the stock's rally, WallStreetBets.

    Since he began trading, he managed to turn $4,000 into $67,000. According to Mr Batisa, he made $11,400 on his investment in GameStop.

    “At this point, I’m like overwhelmed,” he said. “It’s ridiculous. It’s crazy.”
    It is crazy because it won't last. Wall Street has been figuring out ways around government regulation, rules, oversight, etc, etc since the beginning of time. They won't let this happen again, not by a bunch of line cooks. lol
    You can't unburn bridges.

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    Quote Originally Posted by JB View Post
    It's Trumps fault



    He condescends to the little guy when calling out condescension in the article.
    I don't think Liz Warren, Robert Reich and AOC are part of Trumpism.
    May we raise children who love the unloved things - the dandelion, the worm, the spiderlings.
    Children who sense the rose needs the thorn and run into rainswept days the same way they turn towards the sun...
    And when they're grown and someone has to speak for those who have no voice,
    may they draw upon that wilder bond, those days of tending tender things and be the one.

  10. #8
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    Quote Originally Posted by Michele View Post
    I don't think Liz Warren, Robert Reich and AOC are part of Trumpism.
    Sure. I wasn't implying they are, just commenting on the article as written.
    You can't unburn bridges.

  11. #9
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    And if it were Trumps fault he should wear it like a badge of honor. He was anti-establishment from the start.
    You can't unburn bridges.

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  13. #10
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    Quote Originally Posted by JB View Post
    And if it were Trumps fault he should wear it like a badge of honor. He was anti-establishment from the start.
    That's pretty damn ironic to someone like myself who was an erstwhile hippie back in the day. Trump wore a suit, worked the system, played by the rules (he had plenty of enemies who made sure he did—that's what the Democrats constantly overlook), and made a billion bucks with our capitalist system.

    He was the establishment, man.
    • "An iron curtain has descended across the continent." — Winston Churchill, March 5, 1946. But that was then, and somewhere else.
    • "Are you going to be responsible for the rioting if we hear this case?" — Chief Justice Roberts, who apparently had a secret codicil to his oath of office.
    • "Thieves only carry weapons for self-protection and to provide the householder an incentive to cooperate." — Texas State House Rep. Terry Meza, proposing to bar "castle defense" protection for victims of home invasions.
    • "The way I see it, there's always, c'mon, there's always money. It's there." — Elizabeth Warren, explaining socialism.
    • “The interesting thing about the Green New Deal is it wasn’t originally a climate thing at all.... We really think of it as a how-do-you-change-the-entire-economy thing.” — Saikat Chakrabarti, then AOC's Chief of Staff.
    • "We have to stop demonizing people and realize the biggest terror threat in this country is white men, most of them radicalized to the right, and we have to start doing something about them." — CNN's Don Lemon, showing how to stop demonizing people.


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