/biz/ - Business & Finance

lmao unironically the short sellers are going to get BTFO. none of them live on the internet and so apparently cannot comprehend what is happening.

>>26542554
What the fuck is wrong with them? They've lost billions and they are still doubling down? GME $200 EOW

Yeah this is going to be a gamma squeeze of fucking epic proportions similar to VW 2008

>>26542554
Must be a falseflag right? Is there a way to check if they did short again?

>>26542646
Seems some whale is pissed off and looking for a revenge gain like noobs do, kek

>They are actually doubling down
Holy shit, it must be nice to be a multi billion dollar institution that never has to face the consequences of their actions because they expect the government to cover for them every time.
I hope they get fucked in the ass.

>>26542554
>6 billion loss
oh no no no no..

>>26542646
>What the fuck is wrong with them? They've lost billions and they are still doubling down? GME $200 EOW
These people aren't smart, they just control the system.

>>26542716
Post market

>>26542554
$6 billion loss are rookie numbers.

>>26542741
hi i'm jew-biden and here's 7 billion from the plebs to cover your 6 billion loss. sorry i couldnt give more

>>26542782
thas a real doll

>>26542782
*farts*

>>26542782
Actually no, they spitted their $14k/bottle brandy when this happened.

>>26542646
Kek. This things going to $1000.

>>26542554
Even a fucking rookie crypto trader would know better than this. Isn't this fucking obvious?!
"Hmmmm my shorts got liquidated by a scam pump orchestrated by Reddit"
"Time to add more shorts!"
>GME pumps to $300

>>26542554
I’m still holding my 1 share so hopefully it goes up

why dont you fuckers invest in a cheap stock like WSB? something between 50 cents and 1.50 it'd be so easy to pump it
any healthcare supply stocks
any tech stocks
fuck
anyone can get access to robinhood
holy shit biz get it together
biz is stupid

>>26542838
Wow

doesn't this mean GME is getting even more publicity now? so more people are bound to buy in? it's pretty fucking stupid to buy this high up but like damn.. imagine if they got burnt twice lmao

>>26542554
>the suits lose 6 billion
>doubles down
They're betting on some FBI arrests to scare retail longs and call options.

Who will finch first in this epic GAME OF CHICKEN?

>>26542935
because theyre obsessed with shitcoins
MUH RUBIC
MUH LINKIEEEESSS STAY SUPER STINKYYY

>>26542646
What do you get when you take a chronically based retail investor and combine him with whales that treat his stocks like trash? I'll tell you what you get, you get what you FUCKIN DESERVE

>>26542631
>>26542646
what's long with you guys, they are going to make a fuck ton of money off these new shorts because it's just a pump and dump on and it will even go back to dollars, they have the time

>>26542935
>>26542992
/smg/ was in GME for like eight months, also we don't have anywhere near the AUM of reddit

the biggest boon through all of this is how clear the direction and instructions are. some asshole institutions have over-shorted GME and if you buy and hold GME shares they will bleed billions of dollars. apparently they might even go fucking bankrupt. i honestly thought boomers were smart but they're bitchy dipshits like the rest of us.

>>26543019
i can't believe it either but you are underestimating retail. we won't let up until we see that short sellers have covered. shorters are going to lose billions.

someone make an IRC or Discord server so we can pick stocks that are cheap and outdo WSB
>>26543061
pick a stock, NSRP is cheap as fuck and a healthcare supplier, some fag got banned for mentioning it in WSB discord
already up a percent
so someone get up an IRC or Discord you fucks

>>26542554
A bunch of retards who forgot they were trying to make money will try to “own the shorters” at which point they will buy more shorts then become rich,
If options prices weren’t fucking bonkers I’d place puts.

>>26542994
Problem with retail investors is that they were like blind mices reading shitty old news and panicking for everything (or not panicking and losing everything).
This single event changed things.

>>26543238
"own the shorters" is actually HOW you make money in the markets

>>26542554
Boomers destroyed the economy i hoped they get raped in the asshole

>Reddit liquidating Jews
Top kek

>>26542891
This is exactly what happened to zeus capital and it was responsible for the $20 chainlink parabola last year. These boomers have no fucking clue what tricks shitcoin gambling has taught the younger generations, especially the whales.

>>26542554
how is the SEC allowing this?

>>26543443
How did the SEC allow hedgies to double short GME?

>>26543478
>double short
what's that ?

>>26542646
>>26542554
>>26542716
MONEY WAAAAAAR LMAO

>>26543426
Probably they thought that it was enough to dump a little bit to scare away the nigger retails and win the match.
Problem is that they met thousands of retarded holders, so the shorts weren't enough, and let's not forget: they pay to keep the short open

wtf is naked shorting? how can you short the stock without actually borrowing it first?

so what's the plan of the epic Reddit holders ? They have to sell to make profit at some points
it's just a PnD

>>26543507
>hedge fund manager calls up his buddy from the synagogue
>shlomo I need to short 6 gorillion shares
>but avraham there are not even that many shares in existence
>just do it anyways it's going to zero i literally cant lose
>he loses

>>26542554
More short margin calls

>>26543160
Fuck Discord, so I guess make a channel on Rizon or somewhere

Big money is about to experience the might of 100,000 retards.

>>26543129
>we won't let up until we see that short sellers have covered
You're discounting the psychological element. Now everyone knows these are insane prices for GME. It will reach a tipping point where in a single moment the NPCs from redd*t will say "this is too high" and then the billionaires will have your money very fast. It will collapse so quickly it will spin anyone's mind who tries to cash out their options too late. Not worth it desu.

Is it going to be very obvious when the big squeeze is happening?

>>26543587
Many of them sold high and bought lower actually.

Based
I'm bullish. Let's get some of that old money.

>>26543602
alright.
server: rizon
channel: biz
live in five minutes
picking NSRP as the starting stock to shill since its so cheap
also based in israel
GO TO RIZON
CHANNEL IS BIZ

>>26543507
There were more shorts open on GME than there were shares of GME

>>26543670
if it's anything like today, it will be a series of non stop buying followed by halts and immediate dips, we open higher the next day rinse and repeat until all shorts have covered

What's the price for a Put Option on GME in like 3 month at strike point $20 ?
It's time to buy this instead

>>26542646
Greed might be one of the deadly sins, but so is pride.

>>26543160
>outdo WSB
Wsb has way more active users than /biz/, by many orders of magnitude.

>>26542554
LOL Reddit is blamed for causing a Stock Market Crash

But secretly it was /biz/ taking all the profits

>>26543670
If WSB can have GME's price above $115 when trading ends on Thursday, the gamma squeeze on Friday will be the headline of the day. Trade accordingly

>>26543719
kek

>>26543747
Exactly
Only option we have is to decide shit-stonks here and shill them on wsb

>>26542554
I'm literally JUST getting into stocks today and see all this shit about GME. wtf is happening? I have a couple of grand to buy stocks with, should dump it all into GME or go with like SPY or ARKK or something?

>>26543831
go on GME PLTR and BB

>>26542935
>cheap stock
You literally don’t have any idea what you’re doing, do you? Do you mean low market cap?

>>26543831
GME is like the chernobyl reactor exploding. Sure it's generating a lot of power but only because it's part of a huge disaster that's ripping shit apart and will leave radioactive waste for years to come. If you're not comfortable with insane risk you shouldn't invest in that.

>>26543865
huge keks

so whats the mathematical rundown on how high this can go. short interest is still really high, and it seems melvin capital and citron arent the only firms shorting , so theres probably a few dozen billion in capital behind this. theres millions of redditors, and now millions omre people are buying in GME. pretty interesting to watch.

what should i set my limit sell at? 500$, or 200$

>>26543928
Can confirm, this is risky shit, join only if you aren't scared to lose

>>26543724
>>26543757
I had off today and watched it touch over $150 then it shot straight down and it halted. Looks like it's going to be very hard to time the sell

I’m priced out of GME. What’s the next target?

>>26543955
Is it BB that is pumped now ? Are they doing it just for fun ?

>>26543928
I'm gonna be investing long term but if I can make a quick buck with GME, I wouldn't say no. The fucking thing was 10 bucks like 3 months ago.

>>26544003
AMC

>>26544003
Not really, we're at the first squeeze, if the faggots get broke and go away, this shit can seriously moon

>>26544037
That’s what I thought. Thank you for the confirmation

>>26543587
is reddit smarter than 4chan now? shorts have to cover their positions. that's the whole point of this. shorts will foot the bill.

>>26544004
Early today it was all GME but later in the day WSB moved profits into a ton of other stocks like BB, KOSS, AMC, all of those are probably safe buys

>>26544092
Retards not even doing any reading anything about the situation.

>Duhhhh why is Gamestop so high priced its going out of business

When it has nothing to do with Gamestop anymore.

I saw somewhere that at least 80k people set their limit sell to $1000. There's still a lot of people believing in this squeeze despite all the media drumming this up as a happening for today

>>26544092
WSB is going after stocks that have insane amounts of shorts, which is how all this pumping is being fueled in the first place

>>26543719
Yes I saw 108% short interest

>>26542935
HUGE
Buy and hold

>>26543996
No all of the halts were upward movements, baring one which was a downward movement that happened after like 5 halts.

So do we buy tomorrow morning then? Is the squeeze really far from over?

>>26543996
most of the buys above $100 were with margin and they got margin called since da jooz raised margin requirement out of the blue as soon as it hit $150

>>26544215
It's 138% now kek

>>26544187
They're doing what an hedge fund or big bank does every single day:
>long and hunt for short positions
>short and hunt for long positions

>>26542949
Should we go for BB? It's still low

>>26543019
>what's long with you guys
Muh dick and muh bull runs

>>26544302
If reddit manages to make good profit then this is most certainly the next target, I would invest if I were you

>>26544275
I'm already loaded

>>26544341
unironically isn't the SEC going to pull the plug on this ? It's textbook market manipulation in the open

>>26542554
I had a thought about all this new wave investing. A key part of this whole thing is that the buyers need to all target the same stock and time their buys/sells at the right time to achieve the short squeeze. They also need to ensure that the stock is held for the requisite amount of time for maximum group payoff, at tge risk that the selfish fee don't sell early for their own gain. They cannot overtly collude to manipulate it. It's working here due to the huge hype, but surely a smart contracts open up a way to do this transparently and with less risk or trust? Like you could make a contract that simply holds a stock for either a set period or until a threshold is met, then returns it to the owner. You'd announce a stock that looked over-shorted and say you had made a smart contract that would hold your long, and was open for everyone else to use. People could see how many longs had bought in and deposited into the contract and really squeeze the shorts knowing there was no risk of paper hands as they were locked into the contract until the group win condition was met. All we need is synthetic assets to take off

>>26543160
Pumping is gay I just buy deeply undervalued or disruptively innovative companies and hold their stock, maybe if I'm feeling spicy I buy LEAPs

>>26544275
>he didn't buy the dip alredy
wtf are you doing anon

>>26542646
this means the higher pwoers have given them the tap
to put it in terms understood here reddit can be rugpulled in an instant
all gme has to do is dilute their stock and all the squeezing ends very abruptly plus they will have enough cash flow to exist as a corporations for years without selling anything
but thats illegal, not when they do it anon

wallstreet big boys have been fucked by this and they always win because you are playing on their board on their rules that can be made up in a minute
citadel does not lose money and certainly isn't a charity to bail out other funds

>>26544405
they can't dilute their stocks in a day

>>26544382
Investing isn't manipulation, no one knows who is going to pull out,

>>26544470
They have a $100M at the money offering ready whenever they want to fire it, I would be disappointed as a shareholder if they didn't use it today

>>26544470
if the big boys say it can it will be done
its all handled in paper contracts anyways
their game their rules, they win or you lose

>>26544528
They can't literally do that in a day even if they want, it takes some time to make these sort of arrangements.

>>26542554
Nothing is happening until Friday or next Monday. When the puts expire and the short sellers lose even more, this shit is hitting 1k.

>>26544382
How will they? Ban people from having conversations? Literally cannot stop this

>>26544344
>>26544399
What happens if I set a market order for tomorrow morning right now? Are they bought in chronological order of who placed orders first? i.e. will I get fucked by a high spread if I face dive into it right now?

Tomorrow the screws tighten even more.

These cucks WILL break.

>>26542554
isn't the amount of paper gold and silver like thousands of times the amount of actual gold and silver? nothingburger

>>26543971
Yea 200 seems safe if it goes 500 it can easily hit 1000. Tough call im thinking when is optimal as well

>>26544651
It literally doesn't matter when you get in tomorrow, the squeeze will probably come on friday anyway

>>26542554

>>26542888

WHY THE FUCK WOULD ANYONE PAY MORE THAN $20 FOR FUCKING GAME STOP STOCK.

Christ sake you retards saying it is going to $1000 are fucking delusional.

>>26544382
They didn't do anything after WSB pumped Lumber Liquidators a year ago.

>>26544649
They literally did it with Trump lmao. That subreddit will get shut down eventually because they are cucks.

>>26544703
Lmao I see /biz/ bright as ever having no clue what's happening

>>26544646
>this shit is hitting 1k
My man. sell limit at 1k and im not touching that shit. i would avoid the internet and wait for that surprise in my account when i come back to it if i could, but i work so haha

>>26544646
The jews wont let that happen.

Just let it hit $150 or more tomorrow. I WANT OFF THIS CRAZY RIDE

>>26544569
You've been trained to be a slave, i know.
Fact is that what happened today is a complete unicum in financial history.
Retail investors never joined in some sort of 'organization' doing the same trades at the same time.
Why the big ones lost 6 billions today? Because they were weak in that part, they were caught off guard by completely unexpected behavior by retailers.

>>26543724
The thing is that it is so shorted that they cant cover even if they buy every single stock available right now, which is why everyone is saying to buy and hold. The only way they get out of this is if they can convince retail investors to sell, which is why everyone else is yelling to hold.

>>26543570
>how can you short the stock without actually borrowing it first?
Kikes.

>>26544703
Short sellers already lost 6 billion betting against retards. They were wrong with BTC too saying it was JuSt A BuBbLe. I guess they aren't as sharp as we thought. Puts expire Friday and this shit is taking off.

>>26542554
>greifeld
>lipschultz

>>26543570
>how can you short the stock without actually borrowing it first?

GUYS GUYS GUYS

IS GME TRADED AS SYNTHETIX ANYWHERE?
Pretty sure there are platforms where you can collateralize synthetic assets. Which means IF there is GME synthetix we can do yield farming with stonks and USDT

>>26544614
They had the arrangements ready to go with Jeffries that's what an at the money offering is

>>26544651
It depends on how fast is your broker to get those stocks, they will be executed at the current market price, which will probably gap higher.
Rn the post-market price is 82.20

>>26544703
It's not a long term investment for the company dumbfuck it's a battle against short sellers and causing a squeeze, fucking coinfag like you wouldn't understand

>>26544696
this is the real occupy wall street movement

>>26544703
You’re literally the retard for even asking this question and not knowing why this particular stock is acting the way it is. Jesus Christ, it has nothing to do with the actual company you dimwits.

>>26544651
I don't think market order is ever smart anon. see what it is a bit after open and set a limit

>>26542554
I'm in BB gang, good luck to the GME gang tomorrow

>yfw the main guy who organized this pump on Reddit is found dead by suicide in 2 days

>>26544875
Bureaucracy takes at least 4 weeks to arrange something like that, it's not something you can set in a day.

Hedge funds getting bailed out by bigger hedge funds.

Citadel are involved now so try your luck again faggots.

If you don't know who Citadel are then stonks isn't for you.

Dumbest, poorest money is the only thing buying in tomorrow. Every other buyer's holding or moving on to BB/BBBY/AMC/NOK.

Stock'll crab for a bit, weak hands panic, stock'll dump, gg no short squeeze.

>>26544819
can you explain why puts expiring will help add fuel to the flame? i keep seeing that being said but i don’t know enough about how options work in that regard

>>26544970
I think you have a reading compression problem.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000119312520312809/d34442d8k.htm

>>26544988
Citadel failed.

>>26544988
You mean these seething trannies?

>>26545047
they have to buy when the put expires

>>26543570
It's actually illegal to do so in the US but badly enforced

>>26544913
I watched the market today, actually the first available stock gapped at $95, i thought it was too high so i didn't buy, it spiked at $159 in 1hr, then dropped to close the gap.

>>26543381
>Levine
>white
kys

>>26542646

Pride cometh before the fall

>>26543426
and now the shorters are bitching and trying to go to court over their failures, just like what zeus capital is currently trying to do against chainlink after getting JUST'd by the summer bubble.

>>26542554
Someone explain this shit to me like I'm retarded because god damn am I too retarded to make sense of this.

>>26542935
my cheap stock doin some

>>26545058
Sorry i'm not a native speaker, but seriously i doubt that they can do that in a single day, can they?

ok so if I get this straight, you can just buy stocks that have tons of shorts expiring at a given date, and that's it ?

>>26545066
Citadel, not Citron anon.

Citadel get the order book from Robinhood and other brokers, they know exactly what shit RH and plebbitors are going to buy microseconds before everyone else.

Front running degen daytraders

>>26544988
https://seekingalpha.com/news/3654068-hedge-funds-citadel-point72-putting-275b-in-melvin-capital
They went all in on Melvin, they're fucked

>>26544796
>You've been trained to be a slave, i know.
i got fucked real hard in the ass back in 2009 during the european banking crisis
.gov changed the rules in a day and stole my position got nothing back
a harsh lesson but one well learned, by all means post your calls on gme
don't come crying when you find out they don't lose money to retail and control the game

>>26545253
They have a contract written with a bank to allow them to sell stock at the market price whenever they think it's worth it.

>>26544391
It’s npc hive mind in action as usual. Some brain bug gets cozy with the mods and shills his position. The Reddit smoothbrains follow the leader.

>>26544900
>this is the real occupy wall street movement
>>26545066
>You mean these seething trannies?
>>26544988
>the digits tho...
pic related

>>26545236
Some big cock cocky short-sellers had their Stop losses breaked by a bunch of autists on WSB.

>>26544988
Citadel is doing one of two things rn. Either they're the ones doubling down on those shorts, in which case they're fucking retarded, or they're getting rid of Melvin's shorts.

>>26544988
Unless Citadel's plan is to take synthetic longs, squeeze the stock higher and dump on Redditors

>>26544691
>>26544880
>>26544913
Thanks I'll decide tomorrow morning before the markets open. I'm probably just gonna put down 1k.

>>26545066
Hahahahaha kikes btfo
>Th- they were threatening my family
>I'm telling on you!

>>26544900
>take a perfectly good infographic and make it worse purely to frame "the elites" as capitalists instead of jews

>>26545310
Ok, they can sell stocks at the price they want (like everyone), but they can't dilute the stocks or issue new stocks in a day.

>>26545339
>Citron
>Head looks like a lemon
2gud

>>26545391
If you never traded this is risky shit, i waited the market close today to buy in

>>26545448
No, the stocks they have an agreement to sell ARE newly issued shares, that's what "at the money offering" means

Holy shit why are you so convinced in something you don't understand?

>doubling down against people who aren't interested in playing normally
how long before the government steps in? thursday?

>>26543381
>white
riiiiiight •<[:^Dj

>>26545551
fucking this
at some point you have to take your wins and not get super cocky

>>26542992
My linkies are in fact extremely stinky.

>>26545490
I've bought stocks before in the past but my trading experience is 99% with crypto on Binance. I'm familiar with the different types of orders and how things generally work, but still pretty noob to the vast world of finance.

>>26545551
Step in for what? They are using the system those boomers themselves build. They haven't done anything wrong, the boomers are just mad someone outsmarted them at their own game. How is that illegal and why would government intervention be needed?

>>26542554

will gamestop surpass Amazon and become the biggest company in the world

>>26545515
Ok, explain this to a brainlet then:
How can this issue of new stocks impact who already owns some stocks?
Would it be like the last tesla split? Or more like a facebook thing, when Zuck jew'd his partners?

>>26542631
>>26542631
Probably, but there is a chance they keep doubling down until the pump runs out of steam. Either way, I'm down for the showdown.

>>26545439
Looks like “whiteness” was unheard of before 2012. That would indicate that it is actually a class problem and not a race problem like your info graphic is making it out to be.

>>26545624
It takes you to be familiar with extreme volatility, when price can move 40% up or down, but if you're already experienced with crypto you should be ok.

>>26544703
You cannot comprehend what is happening. Reddit has its teeth in and is not letting go. They're not selling, and are buying at every dip. Boomers cannot grasp the lulz and the fact they're genuinely dealing with brainless retards sticking to their guns.

>>26545643
>How is that illegal and why would government intervention be needed?
idk they'll just make something up like these guys did
>>26545066
and say that it's about terrorism to give these retarded hedge funds their money back

>>26545718
Problem is that a pump runs out of steam when it's formed by people not being autistic or driven by the same autistic vow.

>>26542554
Lmao what a fucking timeline

>>26545695
A stock is a part of the company. Say a company has 100 stocks, that means if you own one stock you own 1%
Say that 1 stock is worth $1. That means the company is worth $100

Now if the company hands out another 100 stocks, you will not own 1% of the company anymore but 0.5%
If the stock is not bought for $1, which it often is not due to simple supply and demand and a company not magically doubling in value with new stock, your stock will decrease in value
Or there might also be people who will sell because they wanted to hold that 1% since it also implies control of the company

>>26544791
I see regret in your future

>>26545848
>they're trying to unjew the jews!
>you remember the holocaust?

>>26545906
I would rather make very little or even lose money than be the guy who sold at 150 when the stock went to 800+. Couldn't live with myself

>>26545887
Ok, but this would require insiders to sell their stocks, which is going to happen.
>https://www.reddit.com/r/wallstreetbets/comments/l4hnrh/gme_insider_quiet_period_ie_insiders_cant_sell/

>>26544003
AMC

>>26542554
AMC

>>26543649
Can't be all retail, gme can buy btc and turn this around

>>26546005
*which is not going to happen*

>>26545467
underrated, lol

>>26544382
Markets are free retard

>>26542838
Expert eye there

>>26546005
Makes total sense. I think what people refer to is GME collecting new capital at the moment to pay off debt using newly issued stock

>>26542554
Why the fuck would you write an article about it? this is basically fucking painting a target for idiot redditors to BTFO them

>>26545339
>the painting of the globo home agenda on the wall

I swear you cannot make this shit up

>>26546081
>conglomerate of people who are trying to pump a stock
>"muh markets are free"
or they will just do >>26545848

>>26545339
>>26546060
>>26546114
>the painting of the globo home agenda on the wall
>I swear you cannot make this shit up
"it is not the big fish which eats the small fish, it's the fast fish which eats the slow fish"
https://youtu.be/LQ3Q-CDoXlQ
this is the real occupy wall street

>>26546100
Because it's a huge news and an umprecedented event in the entire financial history? It is

man fucking imagine if biden wasn't a lying fuck and a 2000 stimulus came out that even more retards could pump into gme

>>26546270
dont blame him blame the IRS specifically cause they still havent processed tax filings from last tax season yet

>>26546097
They can definitely issue new stocks, but again, what do? Do they split stocks like tesla did? They could, but this wouldn't solve the problem of weaponized autists buying and holding tons of stocks.
You open a short to make the price go down and break stop losses, when you break a SL the owner loses the stock, here we are in a NO SL market condition, so the short will fail.
Actually the short squeeze did the opposite, it breaked the shorters SL, they got liquidated.

>>26545643
Step in because they can.

>>26543815
We must do that

>>26545718
>Probably,
lol no, you retard. The big players can easily wait you out. No one with a brain wants to own gme at over a hundred or over fifty. Eventually, the bubble's gonna pop. In the meantime, they get to borrow and sell hundred bucks shares, which they'll eventually get to cover at one fifth of the previous price.

>>26546571
we're already shilling NOK there

>>26544300
How is that not forming simply a scamwick like on shitcoins?
Is that because there is actual buy volume?

>>26542646
>>26542751
>can't figure out why people are shorting an extremely overvalued stock that's in a bubble

>>26542646
They're tilted and have just re-mortgaged the house to double down.

I'm sure it will end well for them. Funny stuff.

>>26542994
Kek

>>26546366
Fuck you, its that stupid niggers fault. Biden is a retard.

>>26546646
On GME? The volume was huge today

>>26543719
Isn't that illegal?

>>26546772
Its legal when jews do it

>>26545194
I'm cometh

>>26543719
isn't this the same situation with pm?

>>26544900
>leftypol spam against capitalism, free trade and rich people
>in an /smg/ thread
kys, retard

>>26546708
wait biden was the president last year?

>>26544703
And you are a RETARD who doesn't understand what is going on.

No one gives a FUCK about the fundamentals of the stock.

The thing that doesn't make any sense to me: Gamestops market cap is a fucking measly 5 billion. They could've just bought the entire company by now if that's true. Look up what Martin Shkreli said about GME from jail, (king of the short squeeze) he's been watching it and even he says it's incredibly dangerous above $80/share because the sharks will be circling. I just don't see these guys being outsmarted by retards on reddit YOLOing their 401k. Do people realize how small retail money is compared to the big boys? Even with Gamestop I'm sure the retail action is a drop in the bucket compared to big players who really decide where the price goes. Proceed with caution.

Disclaimer: I just made $15,000 on Gamestop in the past two trading days and already cashed out teehee

so the only people winning are the ones who got in on it early then jumped ship right? cause it seems its going to be a fun shitshow to watch for anyone still involved

>>26542554
There will be a silent majority that gets burned

>>26546858
Kek I fucking wish.

>>26542554
the shorts are still naked and they're going to get fucked, again
tendies for everyone

>>26543725
You'd be retarded to buy any options on GME with the IV right now.

>half the educated sounding posts say it's going to squeeze to 200+
>half of the educated posts say it's going to dump hard

God you fuckers and your high IQs, I'm too much of a puss to go in

>>26542554
I'm buying the second I see 60 again

>>26542935
because biz is full of defectors
like every other board on the chans

>>26546921
Problem is when SL NEVER, if a large amount of retards buys and holds every single stock or sells it and buys more at lower price, the price will keep rising.

Don't use the old market logic, think that there are thousands of literal mongoloids with thousands of dollars in cash acting as one single retarded entity.

>>26547070
why would there be high IV for 3+ months ? people don't expect this shit to go on like this, I hope

>>26542935
Another retard who dosn't know what market cap is.

Here's a hint: the stock could be one penny, but have a market cap the size of Apple i.e. over 1 Trillion.

>>26543381
top kek image, goddamn

>>26547193
Probably he's an xrp holder too

>>26547179
You don't understand how options work do you?

If you don't understand them, don't use them, unless you want to lose money.

>post yfw autists cause a financial crisis, liquidating multiple banks and investment firms

>>26543443
how would they stop it?
this is only hurting naked shorts
that all the shorts are naked is not wsb's fault
>>26543570
i hope for your sake you don't put your money anywhere but a bank if you're this goddamn stupid

>>26543831
dump it all into gme and cash out some once you've doubled and just let the rest take your ass to the moon

>>26547281
Basically they're doing this for a good cause, jews were targetting GME, it suffered because of covid, those are open shorts, so fuck them.

>>26543971
ride it to the fucking mooooooooon
$420 go for the meme number

>>26547152
Except diamond handers are outnumbered 100 to 1 by newbie traders who paperhand and bought at the peak today and then sell back at $70 so their wives don't divorce them.

Seriously, go look on reddit and the amount of people who are dead broke and throwing their rent money into this as a get rich quick scheme is astounding. Mostly why I got out today, when you see people en mass going "i don't know anything about investing but you guys are saying its going to $1k a share? I really can't afford to lose this but I believe you random strangers. Also, what app is this"

I don't know how that doesn't set off alarm bells to everyone who is in GME.

>>26547349
So the correct play is probably waiting for the dip after open tomorrow and throwing money into the pile, take some out when it doubles then ride the wave or crash?

>>26544382
it very much isn't

>>26544405
the other option here is that they fucked up and want to squash this so they're trying to get the genie back in the bottle
i know which way i bet

>>26546921
first problem with options and margin trading the hedgies could be on the hook for several times the MC of the underlying company
taking over the company means forcing a lot of people to sell by raising the price causing a feedback loop that rises the price even more thus making those margin plays blow up even more exponential
but at the center of it all is that the short was 144% of float at its current peak, hedgies went full retard

>>26544732
You fucking retard. Private corporations decided they didn't want to broadcast him on their website anymore, not a gov issued censor.
I guess the SEC could intimidate WSB causing it to go private until they decide what to do.

>>26542935
lots of people are too stupid/spoiled to understand imageboard UI and layout
4chan will never have the userbase reddit does, that's it's main selling point

>>26547439
I picked just 3 stocks for the keks, i watched the chart today like it was some football match, but trust me, it hurted the melving fags too
>https://twitter.com/DeItaone/status/1353794610074681347/photo/1

>>26542646
Its gonna come down eventually. When it does they'll make their money back and more. For now enjoy the ride

>>26543815
are you retarded? you realize that what is happening right now only works if a massive group of people are able to collectively identify the right stocks to buy? ergo if you start trying to undermine that collectivism, people go bust on shitty stocks and want out of the game, then the jews have the power again. don't give the jews the power again, anon

Best thread in a long time. Dont now shit about stocks but its fascinating reading all this drama. Keep going.

>>26544662
I won't break. I saw my investment go from $200k profit to $100k today. Gonna hold for $1m.

>>26547442
>Dip at open

Bruh... it's up 15% after hours. It's going to gap up.

I bought at 75, have a limit order to sell half at 150, and let the rest ride.

Don't care if it goes to zero - wanna see the hedgies get fucked.

>>26547698
Kek. I’m not allowed to trade stocks, as I’m in banking (or the holding periods and compliance admin make it unattractive), but I’m loving the show.

>>26547439
>newbie traders who paperhand and bought at the peak today and then sell back at $70 so their wives don't divorce them
>good thing i got out today before the action happened
>he he fuckin' paper-hands

you may be smart, you may not be. but you are definitely a pussy

>>26547686
I don't plan to use wsb, i plan to shill some good stock we already decided on the biz collective, that if some stingy jew lurking here doesn't plan to ruin everything with shilling useless stonks he already owns.
Even if we shill some stonk, it's not given that they will be picked

>>26544382
>market manipulation

People discussing stocks is market manipulation! Help! SEC PLESAE HELP! SOMEBODY?!

Absolute state of you. What do you think the SEC can do excactly?

>>26546772
Naked shorts are illegal, but it's more complicated in practice. Think, A shorts a share from B and B shorts a share from B. Nobody is technically breaking the law, but a share is created out of thin air.

>>26547840
Give us your view about this complete shitshow happening with GME then

bump

>>26547864
Make an official daily thread.

reminder that cohen was behind one of the biggest insider trading cases
now these kikes are trying to play the moralfags trying to drag the SEC into this

>>26547819
Alright, I'll ape in now. I don't give a fuck, I also hate hedgies and rich fucks. If my contribution goes to some old asshole getting fuckered I'll be happy even if I end up not timing it right and losing it all. I'll do what you do and take half out though at double.

>>26545037
This is retarded. They’re trying to spread us thin to get us off GME.

>GME closed friday at 65
>GME closed today at 88
>retards will say the drop from 160 to 60 was the squeeze and its over
>hedge funds are doubling down like clueless boomers

I can only get so erect

>>26546450
Pretty much. Unless they can profit from this

>>26542554
I would fucking buy,
This shit is going to the fucking moon. It will be $300+ guaranteed.
Compare to this graph where we are.

>>26546772
>Isn't that illegal?
https://www.youtube.com/watch?v=aLZpMcH4OSo

>>26547919
Like I said: I’m loving it.
I think someone up thread (or in another GME thread) mentioned that there’s now a lot of fomo money in this that won’t be as likely to hodl, which is a good point.
But I’m just hoping that there are enough autists in for the ride to see more hedge funds fucked.

And then on to the next overshorted stock.

>>26544703
It's not about gamestop man, it never was, this is a game of chicken with the shortsellers.
And they have everything to lose.

>>26542741
6 billion sounds like a lot... i’m think 200-300k at MOST

>>26547933
It's a good idea, i would keep the wsb basic idea to pick stocks with not so bad fundamentals that are being heavily shorted by some greedy ass.

>>26547970
Based, get some stonks and join us in the retarded army then.

>>26547266
>All over game stop

>>26548111

Honestly the idea to fuck big money just by hodling is really attractive, if I had anything disposable I'd toss some in for the laff. I imagine I can't be unique.

Tapping out immediately at $250. Just wanted a free graphics card.
It’ll hit $250, right?

>>26548219
i sold crypto to hold GME why not it's just useless fiat

>>26543066
How buy GME sir I only have pJeet coin please.

>>26548263
It is probable.

>>26545695
Think of stock as money that the company uses to pay its employees. Investment banks are like the central bank of this money. If the supply and demand for this money gets way out of line, they can just create more of it ex nihilo.

When a company pays out stock options to its employees and owners, this is inflationary to the supply of stock and the values goes down (all things being equal) when the company buys shares back this is deflationary and the value goes up.

Right now there is in essence a bank run on the shares of GameStock. When there is a bank-run in the traditional banking system, the central bank creates additional money and loans this to the banks. That gives the banks enough time to smooth things out with their liabilities until the panic blows over.

In this case there are about 2x times the number of shares sold short relative to what is in the market. So the bank (in this case the investment bank) can create those share ex-nihilo and sell them on the market. This will cause the price to collapse and make the shorts whole, wiping out the robbin-hooders

>>26548263

the original estimates call for it reaching $210

>>26548165
What's a good stoploss?

>>26548263
I put some fib level but at this point i don't know if it works, kek.
Actually if things go well tomorrow we could hit $210, but not sure about that.

I bought those stocks for the keks so i'm ready to lose, stop loss - NONE.

>>26548386
they will hunt your stop loss and tap you out so HOLD

>>26548219
You’re not alone mate.
If it wasn’t for the holding periods and admin, I’d be along in for the ride myself. Hell, I wouldn’t even need to make money off it, if it was fucking a couple of hedge funds.

>>26543381
they're becoming aware and its great

>>26548438
Fair enough.
I aped in all that was allowed to me. Ready to slam this sinking ship into some investor and burn some gains from all the funny money I have. Coming to /biz/ has turned me into a complete degenerate

>>26547685
No they won’t. Short interest and covering their positions has ripped into any possible profit at this point.

>>26548357
I have some doubt:
Let's say that GME is formed by 10 stocks and i hold 1 of them.
Now if they want to double the amount of their stocks, i would own 2 of them, right? They can't just enlarge the cake in order to make my piece smaller.

>>26548549
Yes they can

>>26548549
You are thinking of a stock split. They are just going to create new certificates out of nothing and sell them

>>26548619
>>26548627
This would require big shareholders to agree with that.

>>26548549
It’ll be down to the company’s constitutional docs (their articles of association). Those would determine whether the board can decide on a share issuance (or slipt, or buyback, etc.) unilaterally, or whether they need shareholder approval.

In most cases, the board would open itself up for liability if it acts in a way that is not in shareholders’ interests though. And in this case, I can’t see deliberately lowering the stock price in order to protect short sellers to be in shareholders’ interests. So even if they have the right to do so, it’d be a risky call for them.

>>26548642
>Retail investors basically just shut a hedge fund down

>>26546052
GME should announce a huge buyback

>>26548188
HH
FUCKING GAMESTOP

>>26548738
Exactly, someone holding 30% of the company wouldn't be happy to see that now he's holding 23% (and a falling stock price) because the board wants to cover some short seller ass.

>>26542935
This board is 100x smaller than wall street bets

How do you know when you've turned into a bag holder vs when this shit still has moon potential. Is that aspect a gamble?

Short interest seems to be increasing a tiny bit, now 138% from 134% a couple hours ago on GME. Meanwhile it's up 15% after hours

>>26548948
Don't be greedy and join just for the keks, literally no one knows how's going to be tomorrow.

>>26548642
>tfw we fucking beat the jews at their own game for once
This is the most delicious seethe I've read

>>26548838
There are situations where it would be in the shareholders’ interests. For example: GME has a lot of debt - a new issuance at current prices could wipe out that debt. So that would be in shareholders’ interest as it prevents the company crashing under its debt load and wiping shareholders out.

Also, thinking cuter in this case, it’d depend on whether the company held any of its own stock. If the held some and can sell that to clear debts, then an issuance would be unnecessary. If not, then perhaps an issuance is possible and advisable.

>>26547951
poor smead, sounds so bothered.

>>26548738
but think about what they are doing.

create 1,000k new shares, sell them on the open market for 80 per share. Now you have saturated the retail demand at 80 per share the price can fall and the shorts can cover themselves. The price winds up back at 5.00, but you sold millions of shares at 80, and so you have a ton of money on hand to buy the shares back up and take them off the market. It is in the company's interest to do this.

>>26547382
>jews were targetting GME
the new CEO's name is "Cohen"

>download robinhood
>Ready to blow 30k tommorow morning
>Application takes 1-3 days
F U C K

>>26549046
>literally no one knows how's going to be tomorrow.
i mean, someone has to have an idea of what's going to happen. waiting at least until this friday and possibly next week based on what happens friday seems pretty safe

>>26544691
How high do you think it will go?

They are underestimating the power of the autist.

>>26542782
I would like to smell the inside of her large intestine.

>>26549211
If the company doesn't do this the price will balloon past $1k a share. They would be leaving money on the table for the benefit of hedge funds that were betting on their demise. You assume humans are completely rational actors when they are not.

>>26549265
This if you are not a mongoloid of course, which i am.
Fact is that you're not investing in the company, but in a completely delusional short squeeze who caused a shorting whale to lose some bil.

>>26549211
Theres a blurred line between the ‘company’ interest and shareholder interest. The board’s primary responsibility though is to shareholders, not ‘the company’.
If they can wipe debts without destroying shareholder value, then the board would likely open themselves up to lawsuits (not saying they’d 100% lose, but there’s a chance they would), if they didn’t take the option that maintained value.

It could go either way, but they’d be pretty brave to take the issuance route unless they had no other option. It’d be personal liability they’d face: their own money.

Without knowing more about the company’s financial position and options, I wouldn’t bet on either option.

>>26549229
what type of fucking redneck nigger has 30k laying around and no trading account?

>>26542554
You've got to be fucking kidding me.
They've already agreed with some form of gov. agency that will bail them out, haven't they?

>>26549496
>30
Try 80. I have just been too lazy to make for for the past several years

>>26549512
Basically this
>>26548642

I honestly can't believe retail managed to deal this much damage to an institute, normally they're in complete control

I mean you get shit like Tesla that crushed their shorts but they had big players on both sides

>>26549587
>altseason behind the corner
>has 80k in fiat under the bed
biz never ceases to amaze me

>>26549337
it's a doll anon

>>26549675
Kek. So this is like getting a sucker punch on goliath, now retail's going to get royally fucked.

>>26549698
This when you deal with sparse, scared, dumb mass of retails.
You hit a measly candle and they run, you make a jew trick on a resistance and their stop losses blow all at once.

What if you deal with some thousand of STOP LOSS NONE NEVER SELLING imbeciles?

>>26549743
>has 80k in fiat under the bed
I was saving for a house. That probably isn't happening this year with how inflated housing is right now

>>26549846
Are you fucking stupid?

>>26549898
where do you think we are?

>>26549846
nigger what. You do realize you could've just done a vanguard ETF and lived effectively mortgage free the entire time?

>>26549846
Ok, but please don't put those into a retarded operation like this.
You can buy 1k just for the lulz, enough.

Invest the rest in some good shitcoin or a bunch of good stocks.

>>26549846
If you'd saved in literally anything other than fiat currency, you'd easily be able to afford a house.

>>26549972
>>26549949
I cannot understate how lazy I am off work anons
>>26549960
I planned on putting over 50 in the market tomorrow in various bullshit just because

>Anons mad some guy saved for probably a decade to sit on 80k

>>26550134
I'm not that guy, but I saved up 80k in savings without investing up until last year. I feel like a retard yeah, but at least im still relatively young (25)

>>26549846
hell. A fucking CD at a shit interest rate would've been better than using it as hay to sleep on.
>>26550092
Considering how lazy you are, best just go with safe steady growth that you can forget about for several years(vanguard etfs, dividend companies, etc). and for the love of all fuck, don't use robinhood unless it's for a gambling account.
>>26550134
>mad
No, wouldn't you call out a friend if they were doing something massively stupid?

Kek we broke the bump limit here, first time on biz in a long time, it was a pleasure to meme with you but i'm an europoor and i have to sleep

>>26550224
>25
Are you me?

>>26545269
So they'll know a microsecond before anyone else exactly how fucked they are. Good for them.

>>26550236
>Considering how lazy you are, best just go with safe steady growth that you can forget about for several years
My autism comes out when immediate prospects show up. I am fully prepared now to get off my ass

>>26550134
Yes, listen to those savy anons and put a big slice of those k in some serious investment, they can make you a good passive income.

>>26550134
I'm impressed by his dedication, I just don't understand how somebody could trust fiat to maintain it's value in long-term saving.

>>26550303
No i'm not you. do you live in your parents basement too? they told me to stay the fuck out of the stock market because biden is president, but here I am putting over 25k on GME at 35 waiting to print out that money

>>26545515
They are not, they had a big stock buyback and now they just have the right to sell some of that stock back on the market.

>>26550328
I want to see noses falling from those fucking skyscrapers tomorrow.

>>26550361
>I just don't understand how somebody could trust fiat to maintain it's value in long-term saving
I didn't. I just despise loans and wanted to get as close to 0 mortgage as possible when I eventually buy a house. Thanks to the coof and current living arrangements I can hold off

>>26550361
He's 25 leave him alone, enough that he saved without burning everything on liquors and thots

Alright redditors, I'm gonna throw a couple grand at this tomorrow just to fuck over some hedge boomers. The high unlikelihood of success is worth a chance at destroying these guys

>>26550481
>The high unlikelihood of success is worth a chance at destroying these guys
This. The potential of them paying out 20:1 is just too good to pass up