GameStop Stock vs. Wall Street

seventy · 2021-01-29 03:29:33

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

Zwarrior · 2021-01-29 03:31:28

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

seventy · 2021-01-29 08:08:38

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.

Jim2102 · 2021-01-29 08:16:48

Sunshine · 2021-01-29 10:32:03

https://youtu.be/XW2kEjtH0ZA

Sunshine · 2021-01-29 10:36:15

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.

dary · 2021-01-29 11:22:51

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.

dary · 2021-01-29 11:26:10

Sunshine wrote:

https://youtu.be/XW2kEjtH0ZA

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.

Sunshine · 2021-01-29 11:41:28

dary wrote:

Sunshine wrote:
https://youtu.be/XW2kEjtH0ZA
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.

Dr.ZoidbergCLAW · 2021-01-29 12:11:16

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)

seventy · 2021-01-29 14:43:45

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

Zody · 2021-01-29 15:32:10

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)

L0rd Waggachugga · 2021-01-29 18:18:26

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?

bud · 2021-01-29 19:01:46

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

Sunshine · 2021-01-29 19:08:36

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.

bud · 2021-01-29 19:24:42

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)

seventy · 2021-01-29 20:19:00

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...

Zody · 2021-01-29 20:59:15

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.

seventy · 2021-01-29 21:39:55

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.

bud · 2021-01-30 00:20:53

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.

joint · 2021-01-30 10:13:04

Go internet revolution. Need capture goole now.

seventy · 2021-01-30 12:18:39

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

joint · 2021-01-31 02:27:34

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

https://youtu.be/9Vrc0L9HuG0

seventy · 2021-01-31 05:52:24

joint wrote:

Yes i wrote about Soros in Ukraine, but it seemed too political so i deleted 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.

joint · 2021-01-31 08:40:03

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

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

Zody · 2021-01-31 15:12:47

seventy wrote:

joint wrote:
Yes i wrote about Soros in Ukraine, but it seemed too political so i deleted 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 like the gayfrog nonsense xD

joint · 2021-01-31 17:02:58

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

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

Zody · 2021-01-31 17:07:01

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.

joint · 2021-01-31 22:10:20

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

Sunshine · 2021-02-01 00:40:49

Joint, reduce dolboebism!

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

GameStop Stock vs. Wall Street

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

Re: GameStop Stock vs. Wall Street

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

Re: GameStop Stock vs. Wall Street

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

Re: GameStop Stock vs. Wall Street

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

Re: GameStop Stock vs. Wall Street

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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