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Remember like two years ago when GameStop had a short squeeze and a few people got rich? Well, there are a whole lot of people who bought GameStop shares after the squeeze, and then shares for a bunch of other failing companies. They call themselves apes, and they have a whole lot of crazy stuff to say about why that was actually a good idea. They are also huge assholes and extremely hostile to anyone who disagrees with them, so it is cool and fun to make fun of them. It's also, in my opinion, a really interesting cultural phenomenon that is similar to things that have happened before (cults, goldbugs, pyramid schemes) but different in a way that is fun to talk about. THREAD RULE Don't touch the poop. You should know this by now but, do not go to any of the meme stock forums and post in them. Current Meme Stock Happenings September 27, 2023 BBBYQ (The ticker for the company that was Bed, Bath, and Beyond before it sold its name to pay back creditors) is well into bankruptcy proceedings and is set to extinguish its shares sometime in the next week. Those shares have since gone onto the expert market, meaning that people can only buy if they can prove they are sophisticated investors, leaving the apes furious about being unable to purchase more of this excellent stock. Some of the people who hold these shares are finally realizing that they will not be made into billionaires, while others continue to live in denial and insist that the extinguishing will be followed by the issuance of a new, better stock to the faithful shareholders. AMC Theaters (Ticker: AMC) has been diluting the everloving hell out of its stock in order to slow its descent into failure. AMC apes are furious at Adam Aron, the CEO of AMC, for doing this thing that he explicitly said he would do. AMC is unique in that unlike the other meme stock companies which avoid acknowledging their apes as much as possible because they are worried about being liable for tricking a bunch of morons into investing into their failing company, AMC and its CEO actively court them with moves like using their stupid lingo and literally creating an investment vehicle called APE. GameStop (Ticker: GME) has been quiet lately because they have a big cushion of cash in the bank that is keeping them afloat through one unprofitable quarter after another. With the amount of cash they have on hand, they could potentially fund a pivot into a profitable business model that keeps them going into the post-physical media age. How likely is that? Well, the last big development was their NFT marketplace, which was perfectly timed to launch at almost the exact moment the entire NFT "industry" imploded violently. They most likely spent tens of millions of dollars producing it and today it saw less than $500 worth of trading. That is not a typo, I did not mean $500k, I meant $500. With the business geniuses behind this move at the helm, it is only a matter of time before the company becomes a retail juggernaut and GME apes become fabulously wealthy. Sears (Ticker: SHLDQ) - Yes, there are some people so unfathomably stupid that they think A) they can still own Sears shares and B) those shares will make them fabulously wealthy. That is actually the second dumbest thing that they believe, the dumbest being that Eddie Lampert is a stand-up guy who is interested in rewarding loyalty and fighting corruption. Links Mostly Reddit links because Reddit is the main place these communities form.
![]() Ariong fucked around with this message at 07:36 on Nov 22, 2023 |
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# ? Dec 2, 2023 08:35 |
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Don't forget to read all 819283219838127 pages of ![]() ![]() Meme Stock Masterclass - Series in which I break down the jargon and theories employed by apes, and also post pictures of them being dumb in relevant ways. What is MOASS? (ft. DD and "naked shorting") What is DRS? (ft. "fake shares" and "locking the float") Other People's Duest Dilligence ryde pulls a few threads out of the insanity of why apes think the husk of BBBY will make them rich post-cancellation. Tevery Best offers an in-depth perspective on the events which caused the rise of the planets of the GME and BBBY apes. Ariong fucked around with this message at 20:46 on Oct 8, 2023 |
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Is the "ape" moniker an NFT derived thing?
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Mercury_Storm posted:Is the "ape" moniker an NFT derived thing? No, it's from the Planet of the Apes remakes, where the line "apes together strong" became a meme. Thousands of people have endured serious financial hardships because they got gassed up on this scene of CGI primates... https://www.youtube.com/watch?v=20LuSlZT4S4
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the husk of bbby destroys the stock marketquote:Another late night, another musing about bbbyq.
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quote:Why Pulte? Crossposting my personal highlight (and before the instinctive “this HAS to be a parody”, the account had years of consistent content in this vein and activity on dragonball subreddit. The manchild madness runs deep.)
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I made a bit of cash on the original GME runup, but I also got my money da fuq off the table and never messed with meme stocks again. There used to be some signal under the excessive noise of /r/wsb, but its totally lost now.
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Vampire Panties posted:I made a bit of cash on the original GME runup, but I also got my money da fuq off the table and never messed with meme stocks again. Everyone who remotely knew what they were doing got out long ago and it's nothing but bagholder cope ever since
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Ground floor. I don't know jack poo poo about finance or stocks but I do know this topic is ripe for some primo insane circus grade poo poo. ![]()
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I'm not good at stonk ): ![]()
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I bought a share of Microsoft and have lost 7 dollars so far. Ama
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I put $150 into the stock market 2 years ago and now it's $100. I will not be putting more money into the stock market.
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N. Senada posted:I bought a share of Microsoft and have lost 7 dollars so far. Ama if you bought 1000 shares you could have lost 7000 dollars
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N. Senada posted:I bought a share of Microsoft and have lost 7 dollars so far. Ama Do you feel like a winner yet?
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I bought stock through an EPP at $11.15/share then when VC bought that company and delisted it they paid me $25.75/share on a wildly volatile biotech stock Well that's my stock market story
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I liked Dumb Money
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Milo and POTUS posted:if you bought 1000 shares you could have lost 7000 dollars The life I could’ve had. ![]()
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i auto contribute every month to index funds representing US stocks, foreign stocks, and bonds at a predetermined ratio i’m going to the moon in approximately 100 years thanks to compound interest
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Bad Purchase posted:i auto contribute every month to index funds representing US stocks, foreign stocks, and bonds at a predetermined ratio My mother in law just retired at 52 and I’m thinking about my Ira saying I can retire in my late 70s
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Apes dumb.
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Shinjobi posted:I put $150 into the stock market 2 years ago and now it's $100. I will not be putting more money into the stock market. Sounds like it's time to buy the dip?
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the GME reddit guys are hilarious. have seen them legit talking about how they think the shares could be worth potentially hundreds of thousands of dollars PER SHARE. even though it's been years and they are just the last idiot bagholders left. something about potentially "free" money just drives some people mental
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I work for one of the big Share Transfer Agents. In particular the client management side so I have direct involvement with these multinational organisations and their shares registers. So many things that come up in those sub reddits are absolutely false. Some things they mention are absolutely impossible. But here's the strange thing, because of my role and what I do, it's difficult for me to go and mention this because however much I might state to the contrary, it *is* financial advice. If other people with actual knowledge like me have to stay away, I can see how easy it would be for the subs to become echo chambers of misinformation.
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So you’re saying lies the time to buy? Thx for the heads up
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Tsietisin posted:I work for one of the big Share Transfer Agents. In particular the client management side so I have direct involvement with these multinational organisations and their shares registers. This goes all the way to the top, time to get another mortgage and buy buy buy! We'll see who has the last laugh Mr. Wallstreet!
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As the elected emperor for life of wall street, all I'm allowed to say BBBYQ stock is going to be worth millions of dollars per share by next Wednesday. and anyone who doesn't already own thousands of shares is gonna really miss out on all that free, free money!!!
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Tsietisin posted:I work for one of the big Share Transfer Agents. In particular the client management side so I have direct involvement with these multinational organisations and their shares registers. Why do you care what I do with my money??? Shill.
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Ryan Cohen was named as President and CEO of Gamestop in a weird middle of the night announcement apes can barely contain themselves
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hosed up, they call themselves the cohen bros now
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Deformed Church posted:Sounds like it's time to buy the dip? obviously you should DCA forever. What can possibly go wrong gambling in the stock market?
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Wait, so you're telling me there are baths for beds?
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Panic! At The Tesco posted:the GME reddit guys are hilarious. have seen them legit talking about how they think the shares could be worth potentially hundreds of thousands of dollars PER SHARE. even though it's been years and they are just the last idiot bagholders left. Hundreds of thousands of dollars per share is the minimum they're expecting. A lot of them were legitimately expecting tens to hundreds of millions of dollars per share. Their whole plan with GME was buy and direct register every available share of the company -> shorts can't close their positions -> (here's where it goes off the rails) every single one of us can now price our shares at ANYTHING we want, and short position holders will be forced by the laws of the universe to buy every single share we have at any price we can imagine. None of them ever acknowledged the fact that even if steps 1 and 2 somehow played out flawlessly, step 3 would be replaced by one guy selling a massive position at like $200/share to cover the entire short and the rest of them would be left holding bags.
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Paladinus posted:Wait, so you're telling me there are baths for beds? And not just that, there’s even more, uh, even further things! They’ve gone past those!
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so, at this point gme is mostly a stock scam that also happens to sell things at the mall, theoretically? if so, appointing RC as CEO, President, Chairman of the Board und Reichskanzler is kinda the move right
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deep dish peat moss posted:Hundreds of thousands of dollars per share is the minimum they're expecting. A lot of them were legitimately expecting tens to hundreds of millions of dollars per share. Not even that, they just ignore the reality that life isn't a video game and you can't create an overflow glitch that gives you infinite money. These are systems built by and controlled by humans, which means they'll just unwind the part where it goes off the rails and someone theoretically ends up owning more money than there exists on the planet. This has also already happened. There was a big short squeeze on nickel on the London Metal Exchange a year or so back. Line went completely loving vertical, the company caught on the wrong side of the short theoretically owed a just bugfuck nuts amount of money. The straight up voided a big period of trading ( a day I think), canceled a lot of poo poo, and unwound the problem at a much lower threshold. There were a bunch of lawsuits and think pieces about how the LME had lost creditability, of course, but at the end of the day everything chugged along. That's the thing that floors me. We already know exactly what happens in these kind of extreme short squeezes because it's already happened and we can look at how it resolved. Hint: it's not lambos to the moon for random assholes.
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Paladinus posted:Wait, so you're telling me there are baths for beds? No, the bath *is* a bed. And they go beyond that.
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Tsietisin posted:No, the bath *is* a bed. And they go beyond that. So it's also a temporary fortress and a body disposal vehicle? And a cooktop for sous vide?
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Tsietisin posted:No, the bath *is* a bed. And they go beyond that. yeah, you can buy that from china ![]() beyond is whatevers in the mystery bag and its little friend drk fucked around with this message at 13:45 on Sep 28, 2023 |
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Hey guys let's talk about Bitcoin here. I did well in Jan '21 and my brain flip flops between I Am Very Good At Risk Management and I Am A Lucky Gamble-brained Idiot.
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# ? Dec 2, 2023 08:35 |
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You are the best at risk management and you should definitely now double down. ![]()
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