bigruss

Gamestop could also sell any stock it currently holds and get a nice cash influx. But yea, they didn't choose to get shorted and I'm sure they didn't want a squeeze happening on their stock.

I agree with this if you mean that people shouldn't be able to short a company for more than 100% of shares available.

Again, everyone is looking at this as an outsider and not understanding how this all started. Quite frankly, I had some of the same thoughts until I actually did some research/looking back at how it started and it's so much more sensical than you would think. You can even go back and watch his original video on the stock, where he breaks down why he's bullish on it (when it was $4 a share). You can see his reasoning on why he believes Gamestop still has a play for the next 5-10 years, and why he thinks it's wrong to be shorting the company so much (and shows that there has been rallies/resistance with the stock despite the shorts). It's easy to shit on Gamestop, which is why the hedge funds did their craziness in their extreme short of the company. Would I ever invest at this level in that type of company if there wasn't a short squeeze? Nope. But this guy didn't create the situation, the shorters did, and folks are looking to make a play against that. This is not and should not be a play that everyone is able and willing to do.

What do you know this guy has done to coordinate people into buying this stock? Legitimately asking, because I think a lot of people have made assumptions of this guy, WSB, etc. Very few people who aren't actually on reddit are understanding the situation from what I've seen/heard.

The guy who started this whole thing actually really thought GME was undervalued. He had legit analysis to back that up and you can watch his videos on it. He was in it long term at $4/share and was thinking it would go back up to 20-40 a share long term. He really didn't understand why it was being shorted so much and saw a value play in it. The short squeeze is taking on another life though, this is not just a pump and dump, people are betting that the shorters HAVE to buy at their price. Will that happen? No idea, but that's the gamble. Many are saying they will hold no matter what, I think that's stupid at these prices but it's not my money. What I don't agree with is investors putting money from funds they can't afford into this, there is still major risk no matter what WSB folks say. Those are the folks getting duped. Investors like me that have put in $1500 into it as a lottery ticket are very different.

I'm pretty sure he put in quite a bit to kick it off too, and he's been taking a lot of time to build partners with that fund. I know what you're saying but trying to give the guy a bit of credit for some good.

Yea I'm absolutely pissed at RH, I'll be moving out of them next week. I believe TD Ameritrade did something similar yesterday but I just read that in an article and I don't have personal experience with it.

Major brokerages have stopped buying (still allowing selling) on GME, AMC, BB, NOK, how is this not market manipulation?

Pretty much the same, though I sold AMC once I learned it’s not as exposed as GME. Made really good money on it in 24 hours so I’m happy, I may buy in again later if it’s looking good/has a good dip to buy. Ive got 19 shares now in GME, I think Friday will be the day but this could be really fun. It could also be a disaster, but my position is truly fun money to see what could happen.

With what? He actually doesn't say much, over the last 8ish months all he really has done is post his positions.

That reminds me, Citadel pumped cash in and as a MM they were able to halt trading and try and put measures in to slow the increase. How is this legal?

The Melvin Capital hedge fund got a 2.75B investment yesterday with an option for another billion I think Friday. They knew they were going to have to pay the price for this squeeze, and it's coming. Absolutely amazing to me that these groups can take on that level of risk with confidence that the government will just bail them out if needed (aka 2008). This has to change going forward, and that's a big part of what's going on with GME.

Yea that's my read on it, this isn't about propping up GME because of the longterm play, it's all about the squeeze on the short. WSB is all about taking advantage of the position that the hedge funds that have put themselves in, a forced buy is finally a leveraged position for retail.

Nokia's been halted for over 30 minutes now, curious to see what's going on there.

From what I saw today, and I'm trying to learn/understand this stuff so bear with me, there's enough evidence just in terms of the amount of shorts out there that this couldn't really be possible.

I believe the brokers are on the hook next, and then banks that support the brokers? But not totally sure.

If anything, I hope this shines a light on the real market manipulation going on. These hedge funds that are putting out these absolutely ridiculous positions and profitting over them are finally feeling some pain. What Melvin did should be illegal, and all these folks going on the news and spreading lies about their positions today should be held accountable. I really hope the retail investors don't get screwed here though, but I'm sure many will be by the time this thing is over. Also, I absolutely love how this has changed many extremely conservative millenials to fight the man more and understand just how little power we have and how these billionaires are stacking the game against us. I can't wait for The Big Squeeze movie to come out on this.

This GameStop - Wallstreetbets movement is amazing. What a fascinating story and I'm here to see how it all goes.

Totally fair, and I wouldn't necessarily ask them to do it but someone should be.

Well I do think there is a thing to the whole not living at home and finding yourself, but it's not necessarily something you have to do right at that time. For me in high school, community college was looked at as "you couldn't get in anything better", and that mentality needs to change. I definitely try to sell folks on CC + finish at a 4 year school route when discussing options, but the perception really matters in HS, and that's not just with other high schoolers, but with school teachers and admins that are expecting folks to go to 4 year programs as a success benchmark. Also, I was taught a bit about personal finance, but not a single teacher, admin, counselor, etc talked about the expense of school and how to approach it. The only thing I ever heard was when my civics teacher broke down his budget and his loans were part of the conversation.

https://www.ford.com/suvs/mach-e/models/mach-e-gt/ I just heard about this yesterday, that is a slick looking car and I'm excited to see how it performs and hear reviews.

This is exactly why we got rid of the Buster FYI, as much as I enjoyed the time in it it turns into a shitshow every.single.time.

Yup, more proof that unfortunately doesn't mean shit to the deniers.

I find it incredible that there are so many photos of police just casually following some of the protestors. WTF

I was hoping for an avocado toast reference but that was a quality list.