Jan 28, 2021aye lemme show you what a real short looks like
rvi 🦜Jan 28, 2021
Jan 28, 2021
safeBasically some hedge funds buy a short position on GameStop
This means they essentially borrow GameStop shares at a price because they think the price will drop and they can sell those shares and buy back at a lower price picketing the differenceThey did this to an extent where 140% of all shares were shorted so people owe more shares than exist
Reddit saw this and started buying pushing the price up which means the hedge funds have to pay a higher price for those shares and lose more and more money the higher the price goes
Price went up like 15x creating billions in losses
Hit $500 last night and today Robinhood suspended trading of it cause the price to drop so that hedge funds can start to make back their losses and started selling peoples shares for them which is wildly unethical if not utterly illegal
There’s rumors this directive came from the top hedge fund execs and the white houseThe Reddit and 4Chan trolling was the only part of this that I knew about, then I saw that AOC and Ted Cruz were agreeing with each other on Twitter about something?
The fact that these hedge fund people can just decide to do the equivalent of making up Kindergarten playground rules when they start losing is wild though.
NeonNigga23 ♻️Jan 28, 2021·2 repliessafeBasically some hedge funds buy a short position on GameStop
This means they essentially borrow GameStop shares at a price because they think the price will drop and they can sell those shares and buy back at a lower price picketing the differenceThey did this to an extent where 140% of all shares were shorted so people owe more shares than exist
Reddit saw this and started buying pushing the price up which means the hedge funds have to pay a higher price for those shares and lose more and more money the higher the price goes
Price went up like 15x creating billions in losses
Hit $500 last night and today Robinhood suspended trading of it cause the price to drop so that hedge funds can start to make back their losses and started selling peoples shares for them which is wildly unethical if not utterly illegal
There’s rumors this directive came from the top hedge fund execs and the white houseu think there will be a collapse in the market?
- Jan 28, 2021ChiefSosa
? This doesn’t really have anything to do with options
To an extent but non covered options trading is absolutely an issue here too
- Jan 28, 2021NeonNigga23
u think there will be a collapse in the market?
Nah no chance
- Jan 28, 2021·3 replies
Funny thing is them wallstreetbets niggas are usually pretty well off too. When you see people say “redditors” taking on billionaires you usually think of an average Joe but it’s not.
Jan 28, 2021·1 replyNot Like JosukeFunny thing is them wallstreetbets niggas are usually pretty well off too. When you see people say “redditors” taking on billionaires you usually think of an average Joe but it’s not.
Right, dude invested 50k in GameStop. That means he must have at least 2-3 times that in available cash
- Jan 28, 2021·3 replies
Bro this s*** was $500 last night this CANNOT be legal
Jan 28, 2021Who would've thought that Dave Portnoy would be one of the leading figures against Hedge Funds
This timeline is wild lmao
Jan 28, 2021Not Like JosukeFunny thing is them wallstreetbets niggas are usually pretty well off too. When you see people say “redditors” taking on billionaires you usually think of an average Joe but it’s not.
tbh rich f***ing over even richer is pretty entertaining to see still
Jan 28, 2021NeonNigga23u think there will be a collapse in the market?
not even in the very slightest. BUT, hedge funds and investment firms will be a lot more warier in trying to short stocks now.
Jan 28, 2021·1 replydarkestfantasyRight, dude invested 50k in GameStop. That means he must have at least 2-3 times that in available cash
Yes and no
There are people who legit gamble all their savings.
It’s a mix of people with money, some money and people who risk whatever they have.
Jan 28, 2021·1 replysafeBro this s*** was $500 last night this CANNOT be legal
so... uh how much did you invest.
when did you invest.and I'm sorry for your loss
Jan 28, 2021"This is all because of gamergate"
Some of these takes man
- Jan 28, 2021RXHalfDeadCaliban
so... uh how much did you invest.
when did you invest.and I'm sorry for your loss
nah this isn’t me
It’s just mind blowing that they not only closed their shares without permission they closed them at a QUARTER of what they were worth at the timr
- Jan 28, 2021Not Like Josuke
Funny thing is them wallstreetbets niggas are usually pretty well off too. When you see people say “redditors” taking on billionaires you usually think of an average Joe but it’s not.
this isn't necessarily true. a good chunk of /r/WSB are just adults in their 20's who throw money into stocks once in awhile for fun. this is primetime fun for a lot of them.
/r/investing, on the other hand, tends to be a looot more middle-class. and stable.
Jan 28, 2021https://twitter.com/potentialcarte1/status/1354864553251598337
eye contactMad respect for this guy
- Jan 28, 2021·5 replies
Me seeing Ted Cruz, Tucker Carlson, Elon Musk and Dave Portnoy going anti Wall Street
Jan 28, 2021·1 replysafeIt’s wild I’m seeing Tucker Carlson talk about how Wall Street need regulations and how they’re hurting the lower class
What the f*** is this timeline
wait where wtf lmfao
- Jan 28, 2021safe
Me seeing Ted Cruz, Tucker Carlson, Elon Musk and Dave Portnoy going anti Wall Street
Jan 28, 2021·1 replysafeBro this s*** was $500 last night this CANNOT be legal
Did Robinhood choose to sell somebody’s stocks without the user trying to sell?
- Jan 28, 2021·1 replyTheory
Did Robinhood choose to sell somebody’s stocks without the user trying to sell?
They didn’t choose to they actually did
- Jan 28, 2021vagabonds
wait where wtf lmfao
- Jan 28, 2021·2 repliessafe
They didn’t choose to they actually did
Right like Robinhood sold their stocks without the person’s consent?
And they sold it at the absolute lowest amount they could have sold it at?
