I’m in this picture and I like it
@manermr , I'm drinking to our victory closing today. Next week will be glorious
@DoucheMcbaggins, what's being targeted next week??
@theboatandcarman, we keep on and ride till midnight. Our opponent chooses the battlefield, we just flood it with tendies.
@theboatandcarman, Heard AMC is next.
@manermr , I’m holding in amc too they limited buying more on Friday
Aaaaaaand I think this has officially become one of those things that’s going to be memed a lot but will ultimately be forgotten about in a few days and no real change will come of it.
@ZhaothePoonSIayer, I don’t know, I think they are going to try to keep us from stepping out of line like that again. Screw it though, I’ll play.
@ZhaothePoonSIayer, what happened?
@ZhaothePoonSIayer, i mean they lost 3 billion. That’s a good chunk of change . I’ll take that kinda W any day
@ZhaothePoonSIayer, God I hope so, that way we can do it again.
@ZhaothePoonSIayer, dude the rich pricks are already trying to have new laws made. This is going to have consequences, you're just too shortsighted to see past the memes
@Wankershim, a company bought 140% of gamestops stock, putting money against it doing well (called shorting the stock). Some people saw that they was doing corrupt dealing so they called people to buy up the stock. Cause that company had money on it failing if it succeeds they have to pay out.
To explain, a friend says he can do a backflip, one guy bets a dollar saying he can't do it. Seeing this all his buddy's encourage the guy by putting down five bucks each that he can do it. The kid back flips on the spot, the @sshole now has to pay the other guys five bucks a piece, instead of the dollar.
GameStop was being shorted at 4$, it was marketable at 16$ if GameStop failed they would earn 12$ per stock. Something they owned 140% of.
People bought it at 4$ pumping it to 180$ in an hour, closing out the market around $470~.
Meaning each share they had shorted was valued at -456$.
They owned 140% of the shares.
I hope this helps.
@ZhaothePoonSIayer, welcome to politics
@That one lurker, The only part I don't understand is how they could own 140% of... anything, really. Do they know how percentages work?
@ZhaothePoonSIayer, The idea behind this fiasco is to wake up the sheep by exposing what the deep state has been doing all along. Don’t be surprised if you see resignations and suicides on Wall Street next week.
@Davrial, intervention by the government is unconstitutional (not that they care) and will further expose the deep state to the public. It’s an excellent trap. One they can’t squirm out of. People are finally seeing the rigged game for what it is. Sleepy creepy sleazy connivin joe biden voters are starting to have voter’s remorse.
@TheKen42, please. Only plebeians follow rules like math and laws.
They honestly shouldn't be able to, but they grease the right palms to allow them to do something not illegal, but not allowed.
@sandtsbigdaddy , they are able to get away with market manipulation because they are not properly regulated by agencies like the FTC, so they get away with violations. Intervention by the government is circumstancially constitutional. Otherwise regulatory institutions wouldn't function. Funding for the FTC and the Justice Departments anti-trust division have fallen significantly since 2012. This is, in my opinion, a major cause of unfair business practices being used. There's simply not any consequence for subtle violations.
@Doctor Yak, both
@sandtsbigdaddy , Lol ok. This is what I’m talking about. It’s a meme, but it’s one of those memes that people take really seriously and don’t understand is just a meme. People on their respective websites circlejerk about how good they are and how much they’re accomplishing, then they start focusing on just making those circlejerky memes rather than actually doing what the joke is about, then they oversaturate the memes, people get bored with it, and it dies off with no lasting good impact. At most they’ll hurt just one specific organization, but the problem as a whole goes on unobstructed.
Give it 2-3 more weeks at most. If I’m wrong, I’ll gladly eat my words.
@That one lurker, the analogy was wonderful, thank you
@Davrial, began, the corporate wars have
@That one lurker, you explained it very thoroughly, and I'm still confused. Maybe me getting involved in the stock market is a bad idea
@Wankershim, The way a "short sell" works is that you agree to purchase X number of shares (let's say 1,000) at a later date/time. This time is referred to as a "Margin Call" - when an account must meet its financial obligations. Now let's say the stock is $50/share which makes a short sell of $50,000 meaning that you have sold those 1,000 shares without actually buying them first, i.e. your "account" is credited the $50k. Now if the stock drops to $25/share you can now fulfill your purchase of the 1,000 shares but only pay $25,000, netting you a profit of $25k. However if the price goes up (let's say $75/share) at Margin Call, you now are required to purchase those 1,000 shares at $75 instead of $50 which means you have a loss of $25k. The allure is that (depending on the investor's credit/collateral/brokerage, etc.) you can short sell a stock without having to put any money up front, thereby making a possible profit without spending a dime.
@Good Pineapple Pizza, Yeah "short selling" a stock is very risky because you are locked into fulfilling a purchase order no matter what the stock price is. In traditional purchases you buy your stocks with your initial investment. If the stock becomes worthless you only lose the amount you invested. By short selling you don't have to put any money up front but your losses can be many times what you would have lost with a traditional investment as what happened with GameStop. As long as the stock price keeps going above your short sell price, you will continue to owe more and more money to fulfill your Margin Call purchase.
Musk: “Give them no respect. Get shorty.”
Where’s el presidente