Project 1999

Project 1999 (/forums/index.php)
-   Off Topic (/forums/forumdisplay.php?f=19)
-   -   Gamestop (/forums/showthread.php?t=377321)

regandna 01-27-2021 11:35 AM

Gamestop
 
Wth is going on and how can I capitalize on this Reddit unity to undercut the hedge funds?

Toxigen 01-27-2021 11:40 AM

r/wsb

step 1: fund a robinhood account

step 2: buy GME shares

step 3: pucker your asshole as you sweat out trying to decide when to sell before the short squeeze ends

don't get caught holding the bag

Toxigen 01-27-2021 12:09 PM

Quote:

Originally Posted by GMT6 (Post 3250308)
Basically its thousands of people all investing together pump and dumping worthless corporations for profit and leaving them in ashes

But only possible because big hedge funds shorted the stock.

Its market makers vs. retail investors....and the retail investors are winning for once.

Gwaihir 01-27-2021 12:23 PM

Gamestop should be bankrupt though. Steam replaced them like 15 years ago.

Kich867 01-27-2021 02:36 PM

Quote:

Originally Posted by Gwaihir (Post 3250333)
Gamestop should be bankrupt though. Steam replaced them like 15 years ago.

Prime example of how the stock market doesn't actually reflect the company that stock is for. It's just a supply/demand market with made up numbers based on that company.

In this case, the supply is very low and the demand is becoming rapidly and rapidly higher. Once the hedge funds short position collapses the demand is going to skyrocket (because everyone is just holding and waiting for this to happen) and people can just set their price.

Very interested to see what happens this friday. It wouldn't surprise me if the value went up well over $1000.

magnetaress 01-27-2021 02:45 PM

Our entire economy shouldn't exist according to basic math and logistics.

So I see absolutely nothing wrong here.

Totally cool and normal.

Everything is fine.

Tunabros 01-27-2021 02:49 PM

Quote:

Originally Posted by Gwaihir (Post 3250333)
Gamestop should be bankrupt though. Steam replaced them like 15 years ago.


Kaveh 01-27-2021 03:03 PM

Quote:

Originally Posted by Toxigen (Post 3250325)
But only possible because big hedge funds shorted the stock.

Its market makers vs. retail investors....and the retail investors are winning for once.


Kaveh 01-27-2021 04:24 PM

I hate gambling, greed, and the irresponsibility of it all. But I hope some kids who worked hard and grew up poor get very very rich with hedge fund manager’s money

Probably the best fucking news I’ve heard in a long while

Toxigen 01-27-2021 04:32 PM

i should be good for at least $70k myself...i mean half goes away to capital gains but ill take it for 1 weeks worth of butt pucker

im planning on selling friday but if it hits $500 before that im out


All times are GMT -4. The time now is 06:38 PM.

Powered by vBulletin®
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.