GameStop, Reddit, RobinHood, Wall Street hedge funds, Pelosi ... oh my!!!
POSTED BY: SIGNYM
UPDATED: Sunday, July 12, 2026 04:35
VIEWED: 3653
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No one gives a fuck what a Russian troll has to say. Eat shit, then kill yourself.
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Quote:
Originally posted by reaverfan:
No one gives a fuck what a Russian troll has to say. Eat shit, then kill yourself.
Is that six in the archive? I think that's six now.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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Nope. That was seven in the archive.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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GameStop Isn’t a Popular Uprising
The data indicates that big players are driving the price, not the little guy.
Certain facts are publicly available, including GameStop’s daily trading volume, its daily prices, the number of short sales of its stock, and how many shares are held by big institutional players. Those facts suggest that the Reddit online traders have been on the sidelines of a trading war among a handful of big institutional investors. The SEC should subpoena the records because the hard data also suggest that some big players may be using trading strategies used in the past to manipulate stock prices.
Unless the Reddit bunch have assets in the top one-tenth of one percent of Americans, they were mere bystanders to last week’s trading of 682 million shares at an average price of $218.20 – purchases totaling nearly $150 billion in a wildly volatile market. Only institutional investors have such resources to trade stocks, not self-styled populists with Robinhood on their iPhones. Since most big players are regulated public corporations with fiduciary responsibilities to avoid the enormous risks involved in this high-stakes game of chicken, the GameStop players almost certainly are all lightly regulated hedge funds.
https://washingtonmonthly.com/2021/02/03/gamestop-isnt-a-popular-upris
ing/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Only a Russian troll could mention Pelosi in that random collection of words.
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GameStop’s meteoric gains have almost entirely disappeared — here’s advice for those who didn’t get out in time
That short squeeze worked until it didn’t. Momentum fizzled after Robinhood and other brokerages limited access to trading in GameStop and other securities that were surging in popularity. As to why, there will be Congressional hearings to find out the culprit — hedge funds or good-old-fashioned margin requirements — but the end result is the same.
Here’s Ziedins’ advice now. “For those that still have money left in the market, there is no reason to ride this all the way into the dirt. Cash in what you have left, learn from this lesson, and come back to the market better prepared next time.”
https://www.marketwatch.com/story/gamestops-meteoric-gains-have-almost
-entirely-disappeared-heres-advice-for-those-who-didnt-get-out-in-time-11612524995
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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That.
Or just don't gamble money you can't afford to lose in a game that's 100% rigged against you.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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Oh, and those meteoric gains haven't entirely disappeared. There's still a LONG way to fall.
GameStop is over $61 right now. To say that it "should" be in the middle single digits is being very generous, and only based on what it had been regularly trading at in 2019 and the first three quarters of 2020.
It is a failing business model, not to dissimilar to Blockbuster Video in the late 90's and early 2000s.
And just like Family Video has proven that there still exists a market for brick and mortar video rental stores today, there is still a market for used game stores as well. But it's quickly becoming a niche market and GameStop is far too invested in it and spread so thin that it's competing against itself in a market that has been shrinking over the years in an age of digital purchases and downloads.
Gamestop might be able to turn it around and keep itself from going completely bankrupt if they can learn lessons from stores like Blockbuster Video and Circuit City, but it's got a lot of hurdles to overcome and the outlook isn't very good long term.
But right now, GameStop is trading easily at 10 times what it's actually worth and anybody who doesn't sell is a fool.
My condolences go out to anybody who just totally fucked their future playing games. There are going to be a lot of losers here.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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Quote:The system is rigged against gullible chumps. GameStop’s stock price has come back down to earth. Instead of reading about little guys who suddenly became rich, we’re reading about small investors who bought near the top and lost their life savings.
Originally posted by 6IXSTRINGJACK:
That.
Or just don't gamble money you can't afford to lose in a game that's 100% rigged against you.
https://www.google.com/search?q=gamestop+stock+price
So what was all that about? Social media acted as an accelerant, but the basic story of what happened is a very old one. This was basically a pump and dump.
A pump and dump takes place when an investor or group of investors buy a stock cheaply, then drive its price up by spreading rumors and/or misinformation, letting them unload their shares on naïve chumps — “bag holders” — at a profit. In principle that’s an illegal practice, but it’s unlikely that anyone will end up being charged in the GameStop affair, since it will probably be impossible to prove intent.
Still, the stock did in fact get pumped and somebody made a lot of money selling it to bag holders.
What’s distressing about the GameStop saga isn’t the fact that some people lost money; it is the continuing gullibility these events exposed.
The narrative of little guys taking on The System surely sucked in some unwary victims. And things turned really ugly once GameStop stock began its inevitable descent. They should have known better. There was always an obvious QAnonish tinge to the meme stock phenomenon, and it has gotten ever stronger as those stocks sink; yes, there are people on Reddit and other social media assigning all the blame to Jewish bankers.
It’s fine to support populism, but make sure that the populism is real. We need serious policies to make American lives better, not conspiracy theorizing and phony culture wars against “elites.”
www.nytimes.com/2021/02/04/opinion/gamestop-stocks.html
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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$63.77 is GameStop's current price.
That is nowhere near "down to earth".
It should be $5 if we're being generous.
There's still a lot more money to be lost.
P.S. Look at Second defending Wall Street.
Piece of shit.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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