The $GME gamestonk thread

Discussion in 'Politics & Current Events' started by mbardu, Jan 27, 2021.

  1. penguin_316

    penguin_316 SS.org Regular

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    I’m in $5k, it it goes boom...it’s all good. I’m really just out for blood. The things that have been done for years unchecked need to come to an end.

    They aren’t just naked shorting one stock, this is a process repeated over and over in markets across the globe. Destroying businesses/economies and their employees livelihoods.

    I find their tears laughable, and honestly I fully expect them to continue using every form of manipulation available to avoid the incoming squeeze.

    I think I might just hold a few days or so, maybe years. I have time.

    Not financial advice, never trade with emotions and all that jazz.
     
    eclecto-acoustic and TimSE like this.
  2. TimSE

    TimSE Tone Chasr Contributor

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    You could, but I wouldn't unless youre willing to do a lot of homework this weekend about whats really going on here, and what everyone is expecting this coming week. Things will be CRAZY and you are definitely more are risk of losing than gaining, if you don't know what is happening.
     
  3. ikarus

    ikarus SS.org Regular

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    ok thanks that i stick to magic the gathering... ;)
     
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  4. penguin_316

    penguin_316 SS.org Regular

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    I just want everyone to understand the entire concept is based on these over leveraged hedge funds short positions. They are paying probably hundreds of millions(cumulatively billions) a day to keep them open...some of their positions were short around $10 and still open.

    The stock is currently at $312 in aftermarket price. Just keep in mind they are billionaires and calling in every favor to not lose. Buying off news outlets and literally coming up with commercials saying they are not in a position anymore.

    It’s all fake news, keep holding them by the balls. Time is on our side, also remember the Reddit thing is kind of just a front.

    The majority of the shares of the stock are not owned by people on reddit. This is billionaire vs billionaire warfare, Reddit is just fuel to the fire.

    Also, do not feel sorry for hedge fund investors at all. The average cost to even become a client is more than you could ever imagine. This is the top 1% pushing around markets to make the top 1% even more money.

    This whole thing gets me so pissed.
     
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  5. Xaios

    Xaios Foolish Mortal

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    I checked recently, my old Omnath EDH deck has a retail value of over $6k.
     
  6. Necris

    Necris Bonitis.

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    Stonks!
     
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  7. Seabeast2000

    Seabeast2000 Tropospheric Holocenian Contributor

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    Scrye is out of print, what is the new valuation standard?
     
  8. Jonathan20022

    Jonathan20022 Engineer

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    The people online goading others into investing at any point post 100 are super scummy, people are going to be massively hurt over the fallout from this.

    Especially since the narrative of sticking it to the man is just to rally every person who missed every single viable wave on GME to pump the numbers up. I'm literally reading /WSB and that there are people with all of their finances dumped into this, a percentage of that group is going to be ravaged because of a late completely irresponsible financial decision under the guise of standing up to the rich.
     
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  9. Xaios

    Xaios Foolish Mortal

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    Heck if I know. I got out of Standard during BfZ block.
     
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  10. Avedas

    Avedas SS.org Regular

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    That's par for the course for WSB, but there are a lot of new people yoloing in who don't even know what a margin call is or that you have to pay taxes on your gains lmao
     
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  11. mbardu

    mbardu SS.org Regular

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    That's OK for WSB.
    You only have to pay taxes on your gains.
     
  12. Avedas

    Avedas SS.org Regular

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    Let's be real, these new people are only going to buy GME and then disappear forever. And that's fine. But they'll need to pay some significant cap gains on GME :)

    Regular WSB monkeys will just offset the gains with their next OTM weeklies play.
     
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  13. Jonathan20022

    Jonathan20022 Engineer

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    Yeah problem is the flood of newbies to the sum of what? 3 Million new people being fed anti establishment memes to feed the GME bust?
     
  14. mbardu

    mbardu SS.org Regular

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    A.K.A FD YOLOs
     
  15. Dineley

    Dineley SS.org Regular

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  16. r3tr0sp3ct1v3

    r3tr0sp3ct1v3 SS.org Regular

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    Just want to throw out the millions of members now consist of millions of Reddit bots trying to shill people into nvesting in dumb shit like doge and Slv as a diversion.

    Are we also glossing over the posts of people of donating gains?

    For those of us who can’t read.
     
  17. penguin_316

    penguin_316 SS.org Regular

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    People putting in mortgage loans and all of that are going to do that on some kind of gamble regardless of what it happens to be.

    Gamblers gonna gamble. First rule of any type of investment is to only invest what you can afford to lose AND do not borrow to invest.

    What people need to talk about more is the fact that there are no secure low risk means to beat inflation currently. You are forced into riskier and riskier assets by default. Ultimately, it is one big yolo anyway.
     
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  18. penguin_316

    penguin_316 SS.org Regular

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    And yea, for sure the people promoting any stock beside GME either are scammers or don’t understand what’s happening with GMEs situation.
     
  19. Jonathan20022

    Jonathan20022 Engineer

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    For those of us that can't read :facepalm:

    Where are your stats on the percentage of users that are bots to back that up? I'm sure Reddit would pay top dollar for you to help them weed their platform out of our scripted pals. And just so we aren't being circular, I don't deny that bots constitute a portion of the now massive user base, but bots also aren't investing in GME, real people are. It's lovely that people are posting about donating the proceeds of their gains, not everyone will be so lucky to have those gains.
     
  20. X1X

    X1X SS.org Regular

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    I haven't watched this but Tim Dillon is a pretty hilarious guy sometimes so that's a bonus

     

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