#1 2021-01-29 03:29:33

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
Linux Firefox 84.0

GameStop Stock vs. Wall Street

Like most of you I have no clue about all the technical details, but something huge is going on here.

It's even hard to find unbiased information about this because all major news outlets are in on this.


https://www.youtube.com/watch?v=zdh4w55ux2M

https://www.youtube.com/watch?v=m-b3opvdYL4

Offline

    Positive reputation 0   Negative reputation 0

#2 2021-01-29 03:31:28

Zwarrior
Gandolf "the badmin"
Spain
Reputation: +876
Location: Planet Earth
Registered: 2018-10-14
Posts: 1,155
Windows 10 Chrome 88.0

Re: GameStop Stock vs. Wall Street

yeah they created a subthread in reddit in order to bankrupt "gamestop"

Offline

    Positive reputation 0   Negative reputation 1

#3 2021-01-29 08:08:38

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
Linux Firefox 84.0

Re: GameStop Stock vs. Wall Street

Zwarrior wrote:

yeah they created a subthread in reddit in order to bankrupt "gamestop"

You mean the reddit users want to bankrupt GameStop? If I am not mistaken, it is exactly the other way around.

Offline

    Positive reputation 1   Negative reputation 0

#4 2021-01-29 08:16:48

Jim2102
Player
United States
Reputation: +167
Location: That big empty island on Phili
Registered: 2015-12-15
Posts: 310
Website
Windows 10 Chrome 87.0

Re: GameStop Stock vs. Wall Street

8a286ce.jpg

Offline

    Positive reputation 0   Negative reputation 0

#5 2021-01-29 10:32:03

Sunshine
Empress of Doom
United States
Reputation: +4315
Registered: 2012-08-14
Posts: 6,328
Website
Android Opera 61.2

Re: GameStop Stock vs. Wall Street

Offline

    Positive reputation 0   Negative reputation 0

#6 2021-01-29 10:36:15

Sunshine
Empress of Doom
United States
Reputation: +4315
Registered: 2012-08-14
Posts: 6,328
Website
Android Opera 61.2

Re: GameStop Stock vs. Wall Street

seventy wrote:
Zwarrior wrote:

yeah they created a subthread in reddit in order to bankrupt "gamestop"

You mean the reddit users want to bankrupt GameStop? If I am not mistaken, it is exactly the other way around.

GameStop doesn't need help going bankrupt lol. I went to one a few weeks ago. Total shit show like always.

Offline

    Positive reputation 1   Negative reputation 0

#7 2021-01-29 11:22:51

dary
Member
Jamaica
Reputation: +485
Registered: 2012-05-16
Posts: 3,463
Website
Windows 10 Chrome 88.0

Re: GameStop Stock vs. Wall Street

Zwarrior wrote:

yeah they created a subthread in reddit in order to bankrupt "gamestop"

No, the reddit user wanted to piss off big investment company and now they are whining because they lost 15 billion Dollar.

Offline

    Positive reputation 0   Negative reputation 0

#8 2021-01-29 11:26:10

dary
Member
Jamaica
Reputation: +485
Registered: 2012-05-16
Posts: 3,463
Website
Windows 10 Chrome 88.0

Re: GameStop Stock vs. Wall Street

So the invistment kind of bet that the stock will go down and reddit people bought for that reason the stocks so the stock will go up? lol... got to check in more detail.

Offline

    Positive reputation 0   Negative reputation 0

#9 2021-01-29 11:41:28

Sunshine
Empress of Doom
United States
Reputation: +4315
Registered: 2012-08-14
Posts: 6,328
Website
Android Opera 61.2

Re: GameStop Stock vs. Wall Street

dary wrote:

So the invistment kind of bet that the stock will go down and reddit people bought for that reason the stocks so the stock will go up? lol... got to check in more detail.

I have zero idea. I haven't paid attention to the stock stuff. I just posted the video because it was trending and something about Elon Musk responded to it and my boyfriend's cousin was going crazy about buying gamestop stock and making $7000 and buying some other stock related to this whole situation.

20210129-043236.jpg

Offline

    Positive reputation 0   Negative reputation 0

#10 2021-01-29 12:11:16

Dr.ZoidbergCLAW
Player
Belgium
Reputation: +205
Registered: 2015-10-04
Posts: 222
Windows 10 Firefox 85.0

Re: GameStop Stock vs. Wall Street

Been following this a few days,it is indeed kinda big news...now that this possibility has been 'discovered' by the public,I'm sure these stockmarket boys are kinda going weak in their knees.


To Sunshine :that is indeed what happened:a greedy soulless investment company (hedge fund) tried to make a quick buck by trying to drive the price down,but got money(cock)blocked by a large group of normal everyday internet (reddit) users who started buying stock of Gamestop massively,thus drivig the price up and thwarting the plan of that non scrupulous investment firm.(They 'loaned ' those stocks ,meaning they sell em to you now ,but will only buy the stocks themselves when the price has gone down)

The best part for me is that the 'system' again shows that if  'Joe Public' wins and 'The Big Man' loses ,it's the 'Big Man' that gets protected as the BUYING and not the SELLING of these stocks has been HALTED! (yet 'someone is still buying stock,I wonder who ......not really)


The 'free market' proves again that the whole 'game' is rigged for most people to lose,even if 'they' have to change the rules when the 'game' is played correctly,'they' aren't allowed to lose,but 'you' are.......


Kapitalism in the form as we have it is a dragon that will burn us all.


indeed a shrubbery :
https://www.youtube.com/watch?v=MYSMPjMVnAU

Last edited by Dr.ZoidbergCLAW (2021-01-29 12:13:57)

Offline

    Positive reputation 3   Negative reputation 0

#11 2021-01-29 14:43:45

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
BlackBerry 10 Safari 10.3

Re: GameStop Stock vs. Wall Street

Ok I get it, it's not really about GameStop itself, GameStop is just the battleground, got it. But damn this is huge, lol.

Offline

    Positive reputation 0   Negative reputation 0

#12 2021-01-29 15:32:10

Zody
москит
Germany
Reputation: +372
Location: Honolulu
Registered: 2012-03-04
Posts: 1,733
Windows 10 Chrome 87.0

Re: GameStop Stock vs. Wall Street

Zwarrior wrote:

yeah they created a subthread in reddit in order to bankrupt "gamestop"

This is heavily misleading. Like seventy said, gamestop is just the battleground. This subreddit, wallstreetbets, realized that big hedge funds were short selling( google this) gamestop and decided to do something about it. Short selling should be illegal and its absurd that its even allowed. Zoidberg explained it pretty well btw.

Last edited by Zody (2021-01-29 15:32:41)

Offline

    Positive reputation 2   Negative reputation 0

#13 2021-01-29 18:18:26

L0rd Waggachugga
Member
Norway
Reputation: +52
Location: Norway
Registered: 2020-02-22
Posts: 81
Windows 10 Chrome 88.0

Re: GameStop Stock vs. Wall Street

Soooooo.........who are the guys profiting on this - the ones who is lending away their stocks. And who are they, another hedge forund or Gamestop?

Offline

    Positive reputation 0   Negative reputation 0

#14 2021-01-29 19:01:46

bud
maestro
Reputation: +1736
Location: shangri la
Registered: 2012-07-07
Posts: 3,692
Website
Windows 10 Firefox 84.0

Re: GameStop Stock vs. Wall Street

Fidelity is still open i you wanna buy shares.
But Elon musk did some twitter about bitcoin and some pornstar made twitter about doge and now the "main site" i use has broke down (kraken) at the same time my bank was having having issues with payments and stuff so i missed out on all the action kinda.
-
dogee.jpg
-
kraken.jpg

Last edited by bud (2021-01-29 19:08:09)

Offline

    Positive reputation 0   Negative reputation 0

#15 2021-01-29 19:08:36

Sunshine
Empress of Doom
United States
Reputation: +4315
Registered: 2012-08-14
Posts: 6,328
Website
Android Opera 61.2

Re: GameStop Stock vs. Wall Street

L0rd Waggachugga wrote:

Soooooo.........who are the guys profiting on this - the ones who is lending away their stocks. And who are they, another hedge forund or Gamestop?

Hedge fund companies are losing billions. The average person who got in it early made money. It's going to go way back to whatever it was probably. So there'll probably a lot of those who got in on it late who lose money too.

Offline

    Positive reputation 0   Negative reputation 0

#16 2021-01-29 19:24:42

bud
maestro
Reputation: +1736
Location: shangri la
Registered: 2012-07-07
Posts: 3,692
Website
Windows 10 Firefox 84.0

Re: GameStop Stock vs. Wall Street

Yeah in this case they wanted the shares to go down i value (they earn money that way) or even make the company so worthless it have to close down their bussiness.

The platform they used (Robinhood) stopped normal using from buying shares, meanwhile those hedgefund guys cold still use the platform so they bought and sold to each other at lower prices making the overall price go down drastically.
Normally most people would sell at that point (when platform opened up again) because they be affraid to loose the money they have put in, but this reddit guys didnt fall for that trick so they still in bussiness and not giving up.

Also these reddit guys have started to check on other companys stocks and buying "preemptive" to prevent them be ruined by those same sharks, some movie theater chain i think and some others, like some sort of candy manufacturer etc.

edit: here is some example of a really big shark https://en.wikipedia.org/wiki/Black_Wednesday

In the months leading up to Black Wednesday, among many other currency traders, George Soros had been building a huge short position in pounds sterling that would become immensely profitable if the pound fell below the lower band of the ERM. Soros believed the rate at which the United Kingdom was brought into the Exchange Rate Mechanism was too high, inflation was too high (triple the German rate), and British interest rates were hurting their asset prices.

He did the same to other countries to, Sweden was one of them https://sv.metapedia.org/wiki/George_Soros

George Soros became known to the Swedish public when he speculated in 1992 that the Swedish krona was overvalued, which ended in a financial crisis that was difficult for Sweden and made Soros' fortune grow.

Last edited by bud (2021-01-29 19:37:51)

Offline

    Positive reputation 1   Negative reputation 1

#17 2021-01-29 20:19:00

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
Linux Firefox 84.0

Re: GameStop Stock vs. Wall Street

bud wrote:

He did the same to other countries to, Sweden was one of them https://sv.metapedia.org/wiki/George_Soros

George Soros became known to the Swedish public when he speculated in 1992 that the Swedish krona was overvalued, which ended in a financial crisis that was difficult for Sweden and made Soros' fortune grow.

How can one single nerd take down a whole economy. Usually it's the country's president who does that...

Offline

    Positive reputation 0   Negative reputation 0

#18 2021-01-29 20:59:15

Zody
москит
Germany
Reputation: +372
Location: Honolulu
Registered: 2012-03-04
Posts: 1,733
Windows 10 Chrome 87.0

Re: GameStop Stock vs. Wall Street

seventy wrote:
bud wrote:

He did the same to other countries to, Sweden was one of them https://sv.metapedia.org/wiki/George_Soros

George Soros became known to the Swedish public when he speculated in 1992 that the Swedish krona was overvalued, which ended in a financial crisis that was difficult for Sweden and made Soros' fortune grow.

How can one single nerd take down a whole economy. Usually it's the country's president who does that...

People in 2021 still dont know how to check sources. How about you look at the sources of this metapedia crap. antisemitic bullshit.

Offline

    Positive reputation 0   Negative reputation 0

#19 2021-01-29 21:39:55

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
Linux Firefox 84.0

Re: GameStop Stock vs. Wall Street

Zody wrote:

People in 2021 still dont know how to check sources. How about you look at the sources of this metapedia crap. antisemitic bullshit.

Ahh I didn't take notice, but I do know that a single man (Stephen Elop) brought down the entire Finnish economy by selling out Nokia to Microsoft. Well not really, of course, lol but Fins still do hate him to the core.

Offline

    Positive reputation 0   Negative reputation 0

#20 2021-01-30 00:20:53

bud
maestro
Reputation: +1736
Location: shangri la
Registered: 2012-07-07
Posts: 3,692
Website
Windows 10 Firefox 84.0

Re: GameStop Stock vs. Wall Street

Zody wrote:
seventy wrote:
bud wrote:

He did the same to other countries to, Sweden was one of them https://sv.metapedia.org/wiki/George_Soros

How can one single nerd take down a whole economy. Usually it's the country's president who does that...

People in 2021 still dont know how to check sources. How about you look at the sources of this metapedia crap. antisemitic bullshit.


It wasnt just him alone, but he was involved. Seeing he did the same to United Kingdom, why would it be any different with Sweden?

https://www.forskning.se/2013/04/25/avr … isen-1990/

Many speculators in the international foreign exchange market, including George Soros, felt that the krona was overvalued and began to speculate against it. The Government and the Riksbank decided to defend the value of the krona by raising the interest rate, first to 75 per cent and then to an unlikely 500 per cent.

Offline

    Positive reputation 0   Negative reputation 0

#21 2021-01-30 10:13:04

joint
stay safe
Ukraine
Reputation: +1195
Location: Dnepropetrovsk, Ukraine
Registered: 2012-05-24
Posts: 5,680
Android Chrome 88.0

Re: GameStop Stock vs. Wall Street

Go internet revolution. Need capture goole now. smile

Offline

    Positive reputation 0   Negative reputation 0

#22 2021-01-30 12:18:39

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
Linux Firefox 84.0

Re: GameStop Stock vs. Wall Street

joint, didn't you write something about the Ukraine? Why did you delete it, I found it very interesting...

1f914.png

Offline

    Positive reputation 1   Negative reputation 0

#23 2021-01-31 02:27:34

joint
stay safe
Ukraine
Reputation: +1195
Location: Dnepropetrovsk, Ukraine
Registered: 2012-05-24
Posts: 5,680
Android Chrome 88.0

Re: GameStop Stock vs. Wall Street

Yes i wrote about Soros in Ukraine, but it seemed too political so i deleted smile influense of his founds is pretty real

https://youtu.be/9Vrc0L9HuG0

Offline

    Positive reputation 1   Negative reputation 0

#24 2021-01-31 05:52:24

seventy
Playor
North Korea
Reputation: +750
Location: Pyongyang
Registered: 2014-03-06
Posts: 1,745
Linux Firefox 84.0

Re: GameStop Stock vs. Wall Street

joint wrote:

Yes i wrote about Soros in Ukraine, but it seemed too political so i deleted smile influense of his founds is pretty real

Facts are facts and they should go out, no matter what race or religion some actor has. Thanks for re-posting. What I find interesting is that after all the decades living in the USA he still has that thick accent.

Offline

    Positive reputation 1   Negative reputation 0

#25 2021-01-31 08:40:03

joint
stay safe
Ukraine
Reputation: +1195
Location: Dnepropetrovsk, Ukraine
Registered: 2012-05-24
Posts: 5,680
Android Chrome 88.0

Re: GameStop Stock vs. Wall Street

There is proverb: good people are in overhelming majority on earth, unfortunately bad have better organisation.:)
Organisation is is key maybe.
Wonder what wiil they do in response on this gamestop precident smile

Last edited by joint (2021-01-31 08:44:21)

Offline

    Positive reputation 1   Negative reputation 0

#26 2021-01-31 15:12:47

Zody
москит
Germany
Reputation: +372
Location: Honolulu
Registered: 2012-03-04
Posts: 1,733
Windows 10 Chrome 87.0

Re: GameStop Stock vs. Wall Street

seventy wrote:
joint wrote:

Yes i wrote about Soros in Ukraine, but it seemed too political so i deleted smile influense of his founds is pretty real

Facts are facts and they should go out, no matter what race or religion some actor has. Thanks for re-posting. What I find interesting is that after all the decades living in the USA he still has that thick accent.

Yea joint only posts facts here big_smile like the gayfrog nonsense xD

Offline

    Positive reputation 0   Negative reputation 0

#27 2021-01-31 17:02:58

joint
stay safe
Ukraine
Reputation: +1195
Location: Dnepropetrovsk, Ukraine
Registered: 2012-05-24
Posts: 5,680
Android Chrome 88.0

Re: GameStop Stock vs. Wall Street

Gayfrogs are nosense? wonder if this count as gay hate or abusing animals..

https://www.opensocietyfoundations.org/ … in-ukraine

Offline

    Positive reputation 0   Negative reputation 0

#28 2021-01-31 17:07:01

Zody
москит
Germany
Reputation: +372
Location: Honolulu
Registered: 2012-03-04
Posts: 1,733
Windows 10 Chrome 87.0

Re: GameStop Stock vs. Wall Street

joint wrote:

Gayfrogs are nosense? wonder if this count as gay hate or abusing animals..

https://www.opensocietyfoundations.org/ … in-ukraine

you should smoke less because I have no clue what youre on about.

Offline

    Positive reputation 0   Negative reputation 0

#29 2021-01-31 22:10:20

joint
stay safe
Ukraine
Reputation: +1195
Location: Dnepropetrovsk, Ukraine
Registered: 2012-05-24
Posts: 5,680
Android Chrome 88.0

Re: GameStop Stock vs. Wall Street

Zody wrote:
joint wrote:

Gayfrogs are nosense? wonder if this count as gay hate or abusing animals..

https://www.opensocietyfoundations.org/ … in-ukraine

you should smoke less because I have no clue what youre on about.

You just hate homosexual amphibians, what can we talk about

Offline

    Positive reputation 0   Negative reputation 0

#30 2021-02-01 00:40:49

Sunshine
Empress of Doom
United States
Reputation: +4315
Registered: 2012-08-14
Posts: 6,328
Website
Android Opera 61.2

Re: GameStop Stock vs. Wall Street

Joint, reduce dolboebism!

Offline

    Positive reputation 0   Negative reputation 0

Board footer