/biz/ - Business & Finance

Go back.

Go back.

Buy GME and then go back and tell others to do the same faggot.

Patriotic alt-right autists are taking back capital wrongfully stolen by the jew

>>26620211

To understand what is going on, first of all you must understand what it means to short a stock. If you think the price of a stock is going up, you buy it and wait for it to increase in price, to sell it.

If you think it's going down, you borrow it, you sell it now, and wait for it to decrease in price, to buy it and give it back to who lent it to you. This is called shorting. Some institutional investors were shorting Gamestop stock. They borrowed it, sold it and were waiting for it to crash to buy it at a lower price. The guys in wallstreetbets decided to do the opposite. They are buying and not selling. This puts pressure on the price to increase (and those institutional investors find it difficult to buy it back, and must do it at a higher price).

The people in wallstreetbets see themselves as winning the fight (and getting paid/rich in the process), so they spam the subreddit with happiness and motivation to buy more.

SNEED

>>26620490
Lol i wonder what happens when the govt intervenes like they did with occupy wall street.

>>26620211
GameStop are handing over their business to the Jews. The price change is as you'd expect from this development.

>>26620490
Is the price gonna keep going up? I don't do stocks but I have a 121 account that I could start using.

>>26620211
kikes are getting out-kiked by the common white man
>be melvin hedge fund, aka schlomo and the goldbergs and their merry band of conniving kikes
>overshort gamestop to the point where you have 40% more short sell orders than actual gamestop stock in existence for the sole purpose of price manipulation of a treasured american company in the wake of covid
>michael burry notices the kikery afoot and decides to go balls deep early last year
>slowly the autists of /biz/ and wsb notice the genius of his play and go all in too
>people realize just how much pain they can inflict on these kikes, and how much GME will spike if these disgusting shorts get liquidated
>normies catch on
>GME moons like a lowcap crypto shitcoin
>melvin's shorts expire on friday which could send GME to four figures while potentially causing either a full blown recession or the greatest BTFO'ing of bobos in financial history

>>26620211
>definition:short
>1) borrow stock
>2) sell stock
>3) buy it later (ideally at a lower price)
>4) give stock back to original owner

>be banker
>notice gamestop is really in the shitter
>want to make money on a dying company like the vulture I am
>borrow 100% of gamestop stock
>sell it all for like $10 bucks
>retards everywhere inflate the price
>stress.jpg
>borrow 38% of gamestop again to decrease price
>retards pump it to $220
>now they still have steps 3 and 4 to go
>we can hold it and name our price
>after they buy 100% back they have to still buy 38% more kek

>>26620452
but im a jew and I bought 1k shares of GME at 75$

Institutions and hedge funds shorted more shares of GME than actually exists. (This is illegal btw).
People noticed and bought to pump the price. Shorts have an expiration date, and a ton of them are this Friday. That means the shorts have to buy GME to cover their shorts. This is hopefully the beginning of a short squeeze of biblical proportions.

It's a Russian/Chinese ploy to disrupt the markets. They're using Reddit as their scapegoat.

>>26620211
buy GME
no sell
HODL the LINE

>>26620211
You fucking idiots really don’t understand how serious this is do you? You’re causing major institutions to lose billions of dollars and might even cause the grandparent loaning bank to go under. People will lose their homes, people’s mortgages and investments will be impacted as a result. There is a loser on every trade and mark our words at the end of the day it WILL be you

Enjoy retaining a lawyer and fighting off discovery for the next five years. Was it worth ruining your life for a 10x? Good luck explaining why you’re using words like “Jew” and “nigger” to a federal judge. Enough is enough and it’s about time someone took you man children down a notch.

>>26621013
Why would China disrupt the markets they just gained government control over?

If this is Russia then I salute them.

>>26620284
>>26620306
>>26620386
Have sex

>>26620941
You’re a joo not a jew

>>26620284
>>26620306
This.
>>26620884
>>26620922
But this is the answer. Now that every common man can be a trader they are organizing and basically doing mass market manipulation (but it's completely legal simply because there's no rule against this). The value of GMEs stock is based entirely on hype. There is literally no real money in this other than people's own money that they are gambling.

>>26621079
>Good luck explaining why you’re using words like “Jew” and “nigger” to a federal judge

"Will the defendant please rise?"

"Your honor, I would just like to say...
>FUCK JEWS
>FUCK NIGGERS
>FUCK JANNIES

watch this video if you're too lazy to read

https://www.youtube.com/watch?v=4EUbJcGoYQ4&t=23s&ab_channel=LouisRossmann

Guys, I work at Gamestop. Does this mean I don't have to go to work tomorrow? Also, no; we don't have Battletoads.

>>26620284
Go back.
>>26620306
Go back.
>>26620569
Go back.

>>26620211
gabestop coin is literally going to the moon b uy and hodl until 1000000 adn u can retire rich like me

>>26621291
>Does this mean I don't have to go to work tomorrow?
No. You still have to go to work.

>>26620211
Leave
Now

>>26620211
Imagine if I bought all your pokemon cards a decade ago and sold them to make a quick buck, and promised that I would replace them thinking that the price would go down as no one plays this children's game

But then the prices skyrocket because these basedboys are using their wagie bucks to buy the cards for the sake of nostalgia, and now I have to buy back your cards at 1000x the price that I sold them or else you'll cut off my nutsack.

Thats basically whats happening here.

>>26620211
Remember when journalists didn't need image board users to write their articles for them.

Billionaire jews betted HUGE that gamestop would fail. They shorted ALL GME.

They're forced by contract to buy everyone's shares on friday.

The entire internet is pumping the price up which squeezes free money out of them.

>>26621501
Y-you too.

>>26620884
>be melvin hedge fund, aka schlomo and the goldbergs and their merry band of conniving kikes
Awww lawd have mercy on my sides

>>26620211
>Hedgefund bets everything that the stock price will go down
>Some autists buy and the price goes up
>Hedgefunds pay for autists retirement

>>26620490
Legitimately how does a fucking reddit page have enough influence to affect the american economy like this

>>26622079
we did the same thing with crypto, did we not?

>>26620211
It’s a fantastic game store for all your video game needs!

>>26622079
its just market forces at work. you should really be blaming the institution who thought that it was a great idea to short 280% of the stocks in circulation, an action that mathematically had infinite risk

>>26620490
What I'm confused about is if this is a common thing or not. Like, big companies get phased out and fail all the time. It seems natural that a hedge fund would come in and short the shit out of a company that they calculated to fail. What was stopping people in the past from picking up on this and fucking over the hedge funds and buying. Is it just the democratization of trading with robinhood allowing a shit ton of people to drive up the price, combined with the severity of shorting this fund tried to pull off? Just seems like something that we would have heard happen already.

>>26622079
Haha, we ARE the american economy anon

>>26620452
based

>>26620490
Who are they borrowing the stocks from? Seems like the stock lender gets kind of fucked on this