/biz/ - Business & Finance

>>26704497
Ligand deez nuts.

>>26704497
Are you happy? You are legit going to send the economy into a recession. The stock market is already in a fragile bubble because of deregulation under the Trump administration. The last thing we need in the middle of this pandemic is millions of people losing their pensions, 401k's, savings, and even mortgages. Worst of all is when this happens, Biden will be blamed, even though him and Yellen are trying to clean up this mess.

>>26704497
Gamestop was recklessly shorted to an ethically questionable extent. No other company really is. The short positions are much more reasonable.

>>26704798
Exactly why it should be destroyed. Nobofy cared about the economy the last 12 months. Why stop now just because your jew leaders are in now?

>>26704497
theres nothing wrong with telling people to buy a certain stock
there are countless, tv programs, articles and "experts" telling people what to buy or sell

Show me another stock that's shorted heavily with improving fundamentals. That's what happened with Gamestop. All these random stocks ARE NOT THE SAME SITUATION

>>26704497
>us
Reddit did it you retarded useless faggot. All you do on here is shill and fud shitcoins like a worthless piece of dog shit. You've never helped anyone, you've never given anyone sound advice, and you've never started a larger movement in the financial world. This place is the laughing stock of the entire internet.

>>26704497
No, GME was shorted %138. It's a black swan event, theoretically it could go up infinitely. When the shooters get margin called they will have to buy literally %100 of the stock back at "market price"

>>26704798
>The last thing we need in the middle of this pandemic is millions of people losing their pensions, 401k's, savings, and even mortgages.
we do need it, these numbers don't exist and just represent power. When you make people angry they can't just ignore it

>>26704798

>>26704497
Learn how stocks fucking work retard.
For GME#2 you need another actor (the one you're taking the money from) to short all the fucking stock.
What you're proposing is a pump and dump to shit on your less informed "comrades".

>>26705303
>a BLACK SWAN EVENT!
my brain immediately shuts off when I see these retards parrot buzzwords they don't understand like this. What a joke.

>>26705290
Sounds like YNBAW

>>26704497
that is what's happening, the stock market is becoming like the crypto market, boomers will lose everything

>>26704896
>>26705263
>>26705303
Perhaps not a perfect repeat of GME, but if nothing else has this not shown that collective action can be employed to seriously fuck with seemingly unassailable financial institutions?

it's called pump and dump you absolute retard

>>26704896
>The short positions are much more reasonable

I mean anything over 65% is probably a little over the top

>>26704798
Kys, fed will bail them out and I’ll be rich

>>26704497
Happening to AMC now. Stop wondering and get on board something.

>>26706550
Couldn't happen to a better group of people.

>>26704497
That would just end up a normal pump and dump. What makes this special is how aggressive the short sellers were at 140%. This situation will not be easily replicated.

>>26704798
>ou are legit going to send the economy into a recession

>>26706609
This ain’t a new thing. Large bodies getting together to make money off of their stock market recon has been a thing for ages. It’s called an INVESTMENT FIRM. But if you mean like, public collective action? Yeah that’s not new either. This is just the first big case in a long time.

In fact, any fucking shitposter who says you can go to jail for doing this is an idiot. People get information about a stock from news or word on the street/internet, and they buy accordingly. This is no different, simply a much bigger bust.

>>26704798
I just wanted a 2,000 check... this is ((your)) fault

>>26706817
Nothing else can be squeezed like this because its all under 100%. /thread shut this retarded 3rd grader thread down

>>26704798
>Worst of all is when this happens, Biden will be blamed
Sounds like a good reason to do it

>>26704798
I don't give a fuck

>>26704497
They have to set up the same trap to fall into, which they have to do first, then we have to know about it and buy they stocks hodl them.

>>26704798
Good.

>>26708811
nobody cares go rope

The GME stunt was started by huge and insanely greedy short positions taken out by the hedge funds. There's no other stock THIS shorted. And this will literally never happen again.

>>26704497
>mfw when we start doing this to national currencies and make Botswana the richest country on Earth for the lulz

>>26704798
The economy is already fucked and the rich were going to do all that shit anyways.

I hate Biden from the left and say buy buy buy buy GME this is how to destroy capitalism!

>>26704497
We need info and enough numbers to create demand. Reddit did this because they had a forum with 2 million people looking at and considering these current shenanigans. The modest number of /biz/nessmen don't have the financial big-dickness equal to two million redditors even if they manage to punch above their belt and do better than the average redditor. There needs to be confidence, and I don't think /biz/ can inspire so much without so many people.

>>26709488
Make Zimbabwe Rhodesia again!

>>26704798
Yeah, I do know. It's hilarious