|
Gamestop is currently a Fortune 400 company, lol.
|
#
?
Jan 27, 2021 03:47
|
|
|
|
| # ? May 29, 2024 12:20 |
|
|
They better not gently caress with my VTSAX.
|
|
#
?
Jan 27, 2021 03:52
|
|
|
withak posted:They better not gently caress with my VTSAX. It’s starting to creep...
|
|
#
?
Jan 27, 2021 04:21
|
|
|
Oh poo poo, selling now.
|
|
#
?
Jan 27, 2021 04:32
|
|
|
withak posted:I take it back: Reddit is ok sometimes. Hell, I'd throw a couple grand towards a meme on principle if it means some hedge fund rear end in a top hat or their client has to eat poo poo. Good luck regulating that, SEC!
|
|
#
?
Jan 27, 2021 04:46
|
|
|
Has anyone talked to GameStop management?
|
|
#
?
Jan 27, 2021 04:52
|
|
|
SpartanIvy posted:Has anyone talked to GameStop management? They're probably too busy figuring out how to sell their own shares.
|
|
#
?
Jan 27, 2021 04:54
|
|
|
SpartanIvy posted:Has anyone talked to GameStop management? I would assume they are too busy shoveling shares out the door.
|
|
#
?
Jan 27, 2021 04:54
|
|
|
This is basically a goon project tier mass trolling
|
|
#
?
Jan 27, 2021 07:55
|
|
|
Volmarias posted:Buying Wholesale Melons: I'm out of my gourd after hearing the shipment from Argentina arrived early Splicer posted:YOU HAVE COME TO A WORLD CALLED GOURD *whipcrack* Buying Wholesale Melons: You have come to world called Gourd
|
|
#
?
Jan 27, 2021 14:56
|
|
|
From reddit's AITAquote:AITA for telling my boyfriend he can't put being Reddit mod on his resume? Now if only I could leverage being IK on a dead comedy forum into cash money. Predictably, the first reply is full of complete poo poo. quote:NAH, if only because putting "Reddit Mod" on your resume kind of comes across as silly right off the bat. That said, I think depending on the job, he could absolutely put something perhaps in different words.
|
|
#
?
Jan 27, 2021 15:37
|
|
|
For the sort of jobs that are looking to hire 18 year olds, "moderated an internet discussion board" is way more community management than anyone they're seriously competing against.
|
|
#
?
Jan 27, 2021 15:45
|
|
|
Dik Hz posted:From reddit's AITA I interviewed a guy for a Supervisor position once who had "World of Warcraft world first Guildmaster" listed as experience.
|
|
#
?
Jan 27, 2021 15:45
|
|
|
Jabor posted:For the sort of jobs that are looking to hire 18 year olds, "moderated an internet discussion board" is way more community management than anyone they're seriously competing against.
|
|
#
?
Jan 27, 2021 15:47
|
|
|
Dik Hz posted:Counterpoint: Anyone who thinks that moderating an internet forum is in any way relevant to a workplace should be kept as far away from functional employees and customers as humanly possible. It’d make sense for a narrow segment of jobs, like social media manager or community representative, but otherwise yeah it’s filler at best and a red flag at worst
|
|
#
?
Jan 27, 2021 15:50
|
|
|
I mean putting something like that under hobbies and interests, sure whatever. As actual job experience noooooooope.
|
|
#
?
Jan 27, 2021 15:50
|
|
|
If anyone wants to put “moderator of r/homedentistry” on their resume, pm me.
|
|
#
?
Jan 27, 2021 15:55
|
|
|
Medullah posted:I interviewed a guy for a Supervisor position once who had "World of Warcraft world first Guildmaster" listed as experience.
|
|
#
?
Jan 27, 2021 15:57
|
|
|
silvergoose posted:I mean putting something like that under hobbies and interests, sure whatever. As actual job experience noooooooope.
|
|
#
?
Jan 27, 2021 16:02
|
|
|
I was roommates with a guy who hit the warcraft sauce pretty hard and it ultimately caused him to lose his job, scholarship and SO. Before it all burned up he was actually a really effective guild leader - he took a bunch of casuals that he thought showed promise and were easy to work with, trained them to work together and compete for some world first stuff, settled interpersonal disputes when things got heated, and even provided some marriage counseling to a couple twice his age when their drama was turning into a bigger issue because he actually cared enough about the wellbeing of his crew. There were like 50 people in his guild at one point. It's fair to say he did more (unpaid) work than some bosses I've had while being much more effective at getting poo poo done. e. melvin capital says they're throwing in the towel over gamestock, if that's true maybe the price will be crashing soon? I don't know. Guest2553 fucked around with this message at 16:25 on Jan 27, 2021 |
|
#
?
Jan 27, 2021 16:13
|
|
|
Residency Evil posted:Guys I have a confession to make. Holy poo poo, I hope you sold this morning. Or alternately, double down: I am currently offering a July 320 call for the low, low price of $130. e: nevermind, it printed on its own. 
SlapActionJackson fucked around with this message at 16:30 on Jan 27, 2021 |
|
#
?
Jan 27, 2021 16:24
|
|
|
Guest2553 posted:e. melvin capital says they're throwing in the towel over gamestock, maybe the price will be crashing soon? It was fun while it lasted. It closed at $147 yesterday and opened at over $350 today. Currently hovering between 250/300, not showing signs of tanking like I'd expect if it were over. I mean, trading has only been open a short while, but if this were the "dump" portion I'd have expected it to be pennies by now with all the redditors panic selling and institutions trying to buy up more shares to short. Looks like everyone is sticking to their guns so far. See this is why I don't play these games. I thought shorting when this first hit the news was a good idea. That was when it was like $60. This is fun to watch from a distance. I've learned over the years to ignore FOMO because it's always lead me astray. Feeling it REAL hard right now, but I know if I act on it now it'll be worse. I'm never that lucky with gambling, I'll find a way to lose. edit:  https://www.cnbc.com/2021/01/27/gamestops-surge-has-made-its-3-largest-shareholders-billions-overnight.html quote:As of the market close Tuesday, Cohen’s 13% stake was worth over $1.3 billion. So over the past two weeks, Cohen’s net worth increased an average of $90 million a day, or nearly $4 million per hour as if any of that money is sticking around. The r/wsb crowd is trying to paint this as some sort of "shorts are trying to murder GameStop like they did Tesla!" The reality is that the company is a zombie on its last legs. The massive shorts were just realistic expectations that, unless they somehow turned the ship around, the company was going bust in the near future. This is all monopoly money. Some people are going to make out like bandits here, and some people are going to take a bath, but none of this changes the fact that gamestop is doomed if they don't significantly change their business model. DaveSauce fucked around with this message at 16:34 on Jan 27, 2021 |
|
#
?
Jan 27, 2021 16:28
|
|
|
DaveSauce posted:This is fun to watch from a distance. 
|
|
#
?
Jan 27, 2021 16:31
|
|
|
It was foretold in the scriptures: https://twitter.com/dril/status/381474795310702592
|
|
#
?
Jan 27, 2021 16:32
|
|
|
DaveSauce posted:It closed at $147 yesterday and opened at over $350 today. GME is such a gem because it's hilarious on so many levels. The little guys are winning for now. They'll lose eventually. Seeing a hedge fund take it in the shorts (pun intended) is fun to watch.
|
|
#
?
Jan 27, 2021 16:36
|
|
|
FMguru posted:It was foretold in the scriptures: A true visionary.
|
|
#
?
Jan 27, 2021 16:39
|
|
|
https://www.youtube.com/watch?v=rejpDqQUcV0
|
|
#
?
Jan 27, 2021 17:28
|
|
|
so is there a way that both the hedge fund managers AND r/wsb can lose? Maybe a bunch of hedge funds go bankrupt and then the SEC goes after r/wsb and takes all their millions away? Honestly these hedge funds weren't wrong to short the poo poo out of gamestop, but I'm not going to cry when they go belly up. But more importantly, I can't stand the arrogant douchenozzles at r/wsb, and I don't know if I can stomach them walking away with a W on this. fake edit: lol GME is back around $350. Principle be damned, if I were one of the ones that bought in at $50 I'd dump every last stock and walk away. Can't tell if it's staying afloat because the original people are hanging on, or if they've duped enough people to buy in and have long since sold off. I'm sure there's plenty of room to go up, but it's over 8x where it was when this all started, there's no reason to risk any more than that.
|
|
#
?
Jan 27, 2021 17:53
|
|
|
Yes, absolutely, both sides can get wrecked but on different timelines. In the short term, if GME goes to the moon, then the shorts have to cover because they'll get margin called. They'll do it at inflated prices and their accounts get liquidated. Then say a few days at $Texas valuation, Gamestop says "we're gonna sell some stocks at $Oklahoma valuation to pivot to blockchain video game saves management" or whatever. Then the longs who brought at $Texas get destroyed as it goes down. There will be a comparatively small percentage of traders who brought when it was $25 and sold at $Oklahoma, versus the volume needed to get to $Texas, so a ton of FOMO traders get utterly hosed as the price drops back down to actual integer values. Edit: It's also important to add that in a classic short squeeze as we're probably seeing, once the shorts give up, that's a ton of buying pressure that's removed and now suddenly, Wile E. Coyote style, the rocket that the price was riding loses thrust, and at the same time a bunch of people who think they've been on the ride long enough to retire to a tropical island also decide it's time to get off, and now it goes straight back down. kw0134 fucked around with this message at 18:06 on Jan 27, 2021 |
|
#
?
Jan 27, 2021 18:00
|
|
|
Plus many of them rolled in on the FOMO train and are having babby's first stock market exprience. If the lesson the self-labeled "autists" take away is that speculative leveraged retail betting utilizing options because of what anonymous people posting memes said on the internet is A Sure Thing(c), most of them are going to lose it in short notice anyways.
|
|
#
?
Jan 27, 2021 18:47
|
|
|
Last night, I was thinking about how much $$$ there would be in shorting Gamestop now that it's up to 150+. Then I NOPED right the gently caress out and reminded myself that all of this is stupid and that I may actually have better odds on blackjack. Woke up today and it's at $340. I'd have likely been liquidated by margin-call in a single day.
|
|
#
?
Jan 27, 2021 18:53
|
|
|
DaveSauce posted:so is there a way that both the hedge fund managers AND r/wsb can lose? Maybe a bunch of hedge funds go bankrupt and then the SEC goes after r/wsb and takes all their millions away?
|
|
#
?
Jan 27, 2021 19:19
|
|
|
Janet Yellen is smashing F5 on https://www.reddit.com/r/wallstreetbets https://twitter.com/therecount/status/1354496370414137346
|
|
#
?
Jan 27, 2021 19:41
|
|
|
Leon Trotsky 2012 posted:Janet Yellen is smashing F5 on https://www.reddit.com/r/wallstreetbets
|
|
#
?
Jan 27, 2021 19:44
|
|
|
Saw this a scant few minutes ago: Either a liar or an idiot. Dik Hz posted:Well, the wsb crowd probably won't exit in time and eat it in the inevitable crash. I can't wait. I know there will be a few that make a fortune, but once it goes down there will be a ton of panicked, "guys I'm trying to sell but the shares are still in my account help???"
|
|
#
?
Jan 27, 2021 19:48
|
|
|
even though they are redditors and thus hardly people, i'm actually not jazzed about a bunch of people who stupidly put their rent money on meme stocks getting hosed
|
|
#
?
Jan 27, 2021 19:51
|
|
|
Can gamestop issue a gazillion new shares? After their leadership offloads their own stakes, of course.
|
|
#
?
Jan 27, 2021 19:56
|
|
|
I'm more hoping that the regulars will get screwed on this. WSB is a hell hole IMO and anyone who frequents that place deserves to get screwed. I do agree that all the FOMO bystanders are going to get screwed on this. That is unfortunate... there will be a lot of collateral damage, and you can bet your rear end that precisely zero of the soon-to-be millionaires are going to take pity on them. All this ranting about "screw the institution this is for the people!" will quickly turn to "gently caress you got mine." They think they're taking down Big Hedge Fund, and they'll score a few points there, but most of the people who are making this possible are going to eat poo poo big time.
|
|
#
?
Jan 27, 2021 19:58
|
|
|
Thankfully I know I don't have the stomach to have risked more than a grand on that, and best case scenario I would have made what, $5-6k? Which is awesome and I would love it but I'd have hypertension if I put 10k on it. Truly I would have sold at doubled money anyway. No fomo here, fun to watch though.
|
|
#
?
Jan 27, 2021 19:58
|
|
|
|
| # ? May 29, 2024 12:20 |
|
|
Tomfoolery posted:Can gamestop issue a gazillion new shares? After their leadership offloads their own stakes, of course. I read that they're prohibited from issuing more than $100MM in new equity. Board could change that... but why would they? It's a dying company, if you're an equity holder you should be selling as much as possible to take advantage and you don't want new equity issued to dilute the value of your equity.
|
|
#
?
Jan 27, 2021 20:00
|
|