Stonks: Shortin' The Hedgefund

The Something Awful Forums > Discussion > Video Games > Stonks: Shortin' The Hedgefund

BexGu: Jan 9, 2004; This fucking day....

Taking that massive bet at first was really the risk. I guess if some government fuckery happens and Melvin Capital doesn't end up paying?

People are already using the profits from selling a bit of their stock to help pay off college debt, family medical bills, and Investor Chamath Palihapitiya will donate his earnings from GameStop's rally to the Barstool Fund, which supports struggling small businesses

The whole thing is turning into a massive gently caress YOU to WallStreet.

# ¿ Jan 27, 2021 21:36

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# ¿ Apr 19, 2024 10:04

BexGu: Jan 9, 2004; This fucking day....

Lol, I want to be the fly on the wall as some one tries to explain to Biden's dementia mind what the hell is going on.

# ¿ Jan 27, 2021 21:52

BexGu: Jan 9, 2004; This fucking day....

I love how everyone on TV has to jump around DeepFuckingValue name

The consciences of the subreddit seems to be "If he's Holding, I'm Holding".

# ¿ Jan 27, 2021 22:56

BexGu: Jan 9, 2004; This fucking day....

I mean....its a bet. Now its a bet that if you hold you get to really screw over a wall street firm but still a bet.

# ¿ Jan 28, 2021 00:09

BexGu: Jan 9, 2004; This fucking day....

Its doesn't help that that WallStreetBets Discord has been banned and the sub has been set to private. But yeah, the gov/wallstreet is starting to notice what is going on.

# ¿ Jan 28, 2021 01:25

BexGu: Jan 9, 2004; This fucking day....

Mordja posted:

Apparently Discord closed the server for "hateful speech" which is the biggest "suuuuuuuuuuuuuuure" I've seen in a while.

I can;t tell if GoG removing Devolution cause of the outcry of the "The Gamers" is a bigger bold face lie then Discord but they are sure neck and neck.

Like the discord had bots and everything to remove poo poo for a 250K plus channel but apparently it took some one using unicode icelandic and screen shotting it to get shutdown.

quote:

We have grown to the kind of size we only dreamed of in the time it takes to get a bad nights sleep. We've got so many comments and submissions that we can't possibly even read them all, let alone act on them as moderators. We wrote software to do most of the moderation for us but that software isn't allowed to read the Reddit new feed fast enough and submit responses, and the admins haven't given us special access despite asking for it.

We're suffering from success and our Discord was the first casualty. You know as well as I do that if you gather 250k people in one spot someone is going to say something that makes you look bad. That room was golden and the people that run it are awesome. We blocked all bad words with a bot, which should be enough, but apparently if someone can say a bad word with weird unicode icelandic characters and someone can screenshot it you don't get to hang out with your friends anymore. Discord did us dirty and I am not impressed with them destroying our community instead of stepping in with the wrench we may have needed to fix things, especially after we got over 1,000 server boosts. That is pretty unethical.

To add to this, people are co-opting our name on twitter. I won't mention their accounts, but lots of handles with "wsb" and "wallstreetbets" in them are pretending to speak for us. They're saying things that we don't agree with, driving traffic to derivative communities and lovely pixelated merch stores, and generally making it harder for us to define who we are. There's also too much political bullshit in a community that was never ever political. The only way I want to occupy Wall St is in a suit myself or rent-free in the mind of a blown up short.

That is why I'm throwing my support behind the Twitter handle in general. We need a way to PUBLICLY reach out to the staff of the infrastructure that is failing us so the world can see that we aren't doing anything wrong here if they don't respond. We need to be able to respond directly to a reporter that is lying to the world about our clubhouse. We can't be expected to meet any expectations when we aren't given the tools we need.

That's not to say I approve of every message or will even be in the loop for all of them, but it's clear to me we can't do nothing and we need a megaphone.

http://twitter.com/wsbmod aka @wsbmod is the only Twitter handle whose statements are directly from some part of the team.

We'll do our best not to pretend to speak for you, but to try to speak with the volume our name now seems to command to get poo poo done for us.

The WSB Mods are holding strong but Christ the longer this goes on the longer more and more people are gonna see the bold face lie of the market. A bunch of manic's a subreddit might actually do more damage then OWS.

# ¿ Jan 28, 2021 15:58

BexGu: Jan 9, 2004; This fucking day....

GameStop really is getting all of the banking elite to drop the mask.

https://twitter.com/alexsalvinews/status/1354856043692482560

# ¿ Jan 28, 2021 20:07

BexGu: Jan 9, 2004; This fucking day....

Waltzing Along posted:

One thing I am a bit confused about is why the stock got so high. I mean, doesn't someone have to buy it for the price to go up? Who is doing the buying when it is already super high?

Maybe I am missing part of the process but I've always understood it as something like:

stock = $1.00. Someone buys it and it goes up a fraction. Repeat. And the price drops when people start selling.

Why is gamestop so high? For it to hit $300, someone had to actually buy the stock at $250, right? That's incredibly stupid.

I have to be misunderstanding something.

People are buying it since every time you buy and hold it you are massive screwing over a major hedge fund. So a bunch of small investor have no intention of selling and are only buying.

Ie, if you buy and hold this get to happen:

https://twitter.com/SecureProfit/status/1354587467702263808

# ¿ Jan 28, 2021 21:07

BexGu: Jan 9, 2004; This fucking day....

Waltzing Along posted:

Ok...so people are buying as much as they can no matter the price because when the hedge funds shorts come due, the holders will get to sell at whatever the new price is, guaranteed?

Is that right? At some point in the future, the hedge fund will be on the hook to buy up all that stock at the inflated prices. Anyone who got in when it was lower will make money and anyone at the top will pretty much break even?

Yes. And considering that GameStop stock was shorted at something around 137% of the stock (Yes, it was over 100%, and yes, some how that is legal) the current number if the call was due is in the multiple of Billions.

# ¿ Jan 28, 2021 22:11

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# ¿ Apr 19, 2024 10:04

BexGu: Jan 9, 2004; This fucking day....

Wamdoodle posted:

Lol I saw that

Lol, just like voting again for Nancy Pelosi AOC will be a good little Dem and not do anything but talk.

# ¿ Jan 29, 2021 14:33

The Something Awful Forums > Discussion > Video Games > Stonks: Shortin' The Hedgefund