Buy buy buy!Originally Posted by August
... not sure how to interpret what you mean. Raise a second mortgage so they can buy in more? Or to pay for their losses?This is wrong. They should all be raising a second mortgage.
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TO THE FUCKIN MOOON!!!!
Don't forget 40% tax and that you have to pay estimated taxes quarterly NOT yearly or you get slapped by the IRS.Let me worry about me.
I'm actively considering moving to 95% mutual/index funds and then 5% WSB retard meme stock money. Gotta get me some diamond hands.
EDIT: Bonus points for the Swe investment accounts; no capital gains tax, just a flat tax of 0.4% of the average networth throughout the year. Just trade away!
Real men pvp in barges.
A bit too late for that to be sensible, I would rather not. Meanwhile bought myself one ticket to the moon, so I can feel a part of the retard club and I'm not selling below 1k$.
I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.
They're not the ones looking dumb now honey.
Robinhood Goes Down During GameStop Stock Rush
https://www.vice.com/en/article/v7mq...vap_tNB9g98niI
I was somewhere around Old Man Star, on the edge of Essence, when drugs began to take hold.
like we're supposed to respect the parasite hedge funds that a bunch of redditors have been dragging down by weight of numbersThey're not the ones looking dumb now honey.
Could someone give a tl;dr of this whole stuff as I tend to stay away from general retardation that are finance markets?
The more hedge funds that go bankrupt the better.
Look, the wages you withheld from the workmen who mowed your fields are crying out against you. The cries of the harvesters have reached the ears of the Lord of Hosts. You have lived on earth in luxury and self-indulgence. You have fattened yourselves for slaughter.
Here is an article (possibly behind a paywall for you) on whether this means anything for the actual company GameStop, the one with the shops and stuffs
Game recognize game
https://www.bloomberg.com/opinion/ar...n-a-weird-spot
https://www.reddit.com/r/wallstreetb...kramer_losing/
The memes Mason, what do they mean???
This is the most entertainment ive had since "Here is how Bernie can still win". Bonus points for the clip being from 85$, and current 330 (370 high).
Last edited by Lilalaunebör; January 27 2021 at 07:02:10 PM.
"give me a tl;dr"
*links a whole fucking book*
Copying what someone I know put it as, in short, so might be missing some detail:
Institutional investors now very upset that the little guy actually has an effect on them.tl;dr: Short seller hedge fun was shorting gamestop's stock with borrowed money to tank the company for their profit, r/stockmarketbets caught wind and started buying up tons of real stock, driving up the price, forcing the hedge to spend real money to catch up
And because of that, the hedge was required to obtain a several billion dollar bailout from other Wall street investors just to stay solvent for now. If things keep going though, they'll eventually be ruined
Final bonus tweet:
I'm dying.
Last edited by Isyel; January 27 2021 at 07:14:09 PM.
tl:dr"give me a tl;dr"
*links a whole fucking book*
Arsehole largescale market manipulators (the hedge fund cunts), who tried to crash a company (Gamestop) by betting against it (short) using their 'old boys' network got outplayed by redditors who didn't want to see the company go kaput. Many more redditors made small investments into Gamestop to halt its price crash and in so doing caused the hedge fund cunts to lose billions in their attempt to crash the company.
Power to the people.
Subsiquently the hedge fund cunts go crying that they should be the only people to manipulate the market to make money.
/edit speelinge
edit mk2/ fuck you Isyel! :P
Last edited by Smegs; January 27 2021 at 07:14:20 PM.
Shitting up eve for .... well, longer than most of you scumbags.
Ok, rich cunts got shafted. That's all I need to hear. Thx guys.
I approb of the above explanation though, the level of cuntery should be mentioned more.
Once upon a time, hedge funds bet that Gamestop would go bankrupt. They were so certain of that, that they borrowed shares to sell at one price, to buy back and return at a lower price in the future.
Then they got so confident that they started borrowing shares that didnt exist. A so-called "naked short". They did this, until the short positions (that would be forced to buy shares in the futures) outnumbered the available real shares by 1:1.4
A year ago or so, some nerd on Reddit postulated that Gamestop would undergo a transformation to an online platform + variety store (games, merch, PC parts). So he bet in the opposite direction: that Gamestop would become more valuable. Then, a couple weeks (?) ago, he noticed the massive short positions.
His reasoning was this: the shorts will be forced to buy back at whatever price available, if the stock rises too high and their brokers re-evaluate the risk (margin call). Since the shorts outpaced the possible supply, that would mean that a seller could ask whatever price he liked.
Said Redditor was kind enough to let a bunch of idiots know about it, which resulted in a buying spree of stocks, which pushed his portfolio to something like 30mil by now (or a couple thousand percent gain).
This week, it is likely that the biggest short sellers will be forced to buy. It is unclear whether they already have, or if the bomb is still ticking. Either way, the meme has become self-sustaining, but the dream is that, for once in human history, the small investors will be able to fleece the big market players.
Thats pretty much what i think is going on, but i have no clue about financial instruments so probably got a bunch of stuff wrong.
Fuck it. I finally managed to get some. And Im all in... on TWO WHOLE STONKS! PRELOAD MA LAMBO BITCHED BE PARKED ON A YACTH!!!
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