/biz/ - Business & Finance

>>26620880
Yes

>>26620991
Why would you expose yourself to literally infinite risk for a small gain

>>26621038
They didn't see it as "infinite risk." They thought, "Gamestop is fucked in every way possible, all market trends are against it, it can only go down and even if we're wrong about it being completely fucked we can't be wrong enough to the extent that the price rockets 200%." Well, Wall Street didn't take into account the power of autism. I'm not joking, and it's as bizarre to me as it is to you. Never seen something like this before. That's why everyone is saying this is a game-changing event. It's a flex of financial influence and power by the everyday trader.

>>26621038
because the market was rigged before thousands of autists colluded now stop being a retard and buy GME if you want your slice of hedge fund billions

>>26621433
Plus by overselling shorts they can artificially deflate the value further to ensure their success. Or so they thought.

So, I'm not well versed in this whole thing but how bad can it be for the ones that shorted originally? And, does this affect other investment banks or whatever are the companies that deals with this.

tl;dr can this reach 2008 levels? if so, that's based.

>>26621433
>It's a flex of financial influence and power by the everyday trader.
So from now on people will be banned for trading?

>>26621433
How is wall street bets artificially driving price up though? Like, what are the mechanisms? Are they just shelling out a bunch of cash to pay for a bunch of GME stocks to increase demand and keep price high?

>>26621802
Highly doubt this reaches 2008 levels, it may render a few idiot hedge funds insolvent and effect other parts of the financial industry through ripples from that but not to the degree of the 2008. That'd take actual, major, investment firms completely falling apart. No way is GME short investments comparable to junk bonds in ubiquity and size. The long term effects that will be interesting are how the financial industry responds to the fact that autists on reddit and biz have enough influence over the market to even attempt something like this.

>>26622117
No, institutions will be regulated with how much they can leverage, they should've set stop losses at least

>>26622251
Yeah, seemingly just buying a shitton of stock and creating enough excitement around it to get other people to buy it, ala Elon Musk. My friend's boomer dad is apparently loading up on GME and he doesn't even know what reddit is.

>>26621433
1,500% from july :)

>>26620880
Righto, but its even worse than that, they really fucked up calls today so they will be forced to buy stock at open. It is going to be a chain reaction that catapults this to the stars.

>>26622251
To the kikes it's (((artificial))) because they see it as screwing over the hedgies. Even though speculation is exactly what they do for a living.

>>26622264
>only bull markets from now on
Literally the only way to avoid this is to avoid massive short interest. It just incentivizes firms to be bulls more often. We can unironically meme a permanent bull market into existence by the sheer threat of catastrophically demolishing any firm heavy in shorts via massive organized moves in the market which the SEC literally can't do anything about. Pretty amazing.

>>26622251
Pretty much yes. Just keep buying, increasing rarity and value.

>>26620880
Can someone with a finance brain plz explain to me, a literal retard, why a stop loss is not a good idea. Please talk slowly and don’t use too many big words.

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.

>>26622401
They did, but there were so many institutions shorting their stocks that when the autists bought a fuck ton of stocks each there were no more stocks for the institutions to buy, so they are now fucked.

>>26622559
They can find out your stop loss and exploit it.

>>26622484
So could I buy a share at stock open, set a high sell limit, then just leave it be until they pay me?

>>26622625
kek. Is this a meme now?

>>26622559
How the fuck do people talk slowly through typing

>>26620880
My question is, is this gonna crash tomorrow? Or is it gonna come down a little, stabilize and then rocket after hours?

>>26622760
this is the bit i don't understand. i mean this literally cannot be possible. if it were there would be nothing stopping people from setting some absurd amount and becoming instant billionaires

>>26620880
Not quite. They don't have to buy every single share if they buy some of the shares several times.

>>26622798
Like...
...this

>>26622251
>artificial

>>26622534
Slow down retard, short selling isn't the only way for prices to go down. Eventually GME WILL pop, but for now this can be exploited.

>>26622559
Stop loss is a good idea. People telling you not to put a stop loss are new to trading and think that anything /biz/ or /wsb/ does means anything when the trading volume is over 100 million.

>>26622625
Don’t care, acoomulating and holding.

>>26622798
Type slowly

>>26622760
No, because you aren't the one they're borrowing shares from to sell

>>26622849
google short squeeze, that's what this is.

>>26620880
>Gamestop has a situation where they've shorted more stock than available, meaning that when the time comes to pay, they HAVE to buy the stock to give back to the original owner, no matter how much the stock has increased or decreased in price since. So theoretically, if the price went up to say, $10,000, the company would be forced to cover it all out of pocket by paying $10,000 for all the shares.
No. Gamestop didn't short anything. Hedge funds shorted Gamestop's stock.

they didn't think anything could be powerful or willing enough to make shit stock climb
but here we are
if the power of retards could put a retard in the presidential office, the power of retards can also cause multiple wall street firms to die

>>26622518
>>26622917
>>artificial
you know what I mean

>>26622534
Markets at their core are dictated by real world trade and goods. You can't exploit the system to create a permanent bull market. All you would do is create a massive bubble that eventually gets corrected, triggering a recession. You're acting like this is the first ever short squeeze. It's a big one, sure, but there have been big ones in the past.

>>26622760
>>26622849
They will buy the lowest possible price, but this will drive the stock up.

>>26622251
The market is run by AIs that monitor trades and predict trends.
The AIs saw Gamestop was trending up, and started buying. This set off a chain reaction.

>>26622559
You, and many other retards, are using Robinhood to buy GME.

The stocks that you buy through Robinhood are brokered by Citadel, which just bailed Melvin (the fund being squeezed on their GME shorts right now) out to the tune of 2 BILLION dollars.

Citadel now has an interest in keeping Melvin from going tits up.

If you set a stop loss through Robinhood, Citadel can see it and Melvin knows exactly how far they need to drive the price down to be able to buy stocks to cover their shorts.

>Inb4 that's illegal
Yes, and Wall Street has been doing and will continue to do illegal shit without consequence because they're literally in bed with the SEC.

TL;DR it gives the enemy information that they can use against you.

>>26622559

I'm excited for tomorrow.

GAME STOP
WONT STOP

>>26622849
To elaborate further, you are simi-correct, if every single person that owned stock set their price at say, $10,000, then yes, they would be forced to buy that price, that is why the loss is theoretically "infinite" We could all set the price to a million a share and they would have to pay it, this would probably destroy the stock market even at lower values.
This however probably wont happen because there is a GIANT sell wall at 1k,
So if we make it past that wall, Jesus, the sky is the fucking limit.

>>26622251
>artificially driven prices
any time a company's P/E ratio is more than 1, the stock price is artificially high.
Yeah. This is why there's a crash every decade or so.

>>26623463
>This however probably wont happen because there is a GIANT sell wall at 1k,
that fucking high? holy shit
I figured even the risk-takers would want to cash out by $750.

>>26620880
How do you know if kikes are shorting a stock? Aka how do you do this again?

>>26623606
Basic research.
Learn what investment fundamentals are.

>>26623247
>there have been big ones in the past.
Like?

>>26623708
>In October 2008, a short squeeze temporarily drove the shares of Volkswagen on the Xetra DAX from €210.85 to over €1000 in less than two days, briefly making it the most valuable company in the world.[4][5]

SCAM!! DON’T GO FOR PLS I BEG YOU

wow, don’t follow in this scam
my portfolio is full with xsn on it
46mil overall mc, Layer2 DEX, best staking and top options without fees

>>26623708
Volkswagen, stock went up to $1000, stayed above $800 for 2 days

>>26621038
They didn’t account for weaponized autism.

>>26620880
Can someone tell me how does the eToro account work? Must I have a credit card or a debit card is enough? How are these international earnings taxed in most countries?

>>26623527
With how much excitement is building up that seems low now.

>>26620880
SO LITERALLY WHAT HAPPENS ON FRIDAY?
THEORETICALLY THE VALUE OF A SINGLE SHARE BECOMES INFINITE, RIGHT?
HOW DOES THIS WORK?
EXPLAIN TO A RETARD PLEASE
WHAT DOES THE BROKER DO IF THEY CAN'T AFFORD ALL THE SHARES?

>>26620880
You forgot about the part where the US government fucks you and takes your shares for free

>>26624072
Riots and lawsuits in that order

>>26622849
I don't know if I have this right, but I think it works like this:
1. Funds borrow share for $10
2. Immediately sell, expecting the price to tank
3. Buy shares back at, let's say, $5, return shares to lender, pocket the difference

What happens if between steps 2 and 3 the price suddenly rockets to $150? They are obliged to return their shares to the lender, but now they have to buy them back at $150.

But there's another catch. A company share, like any item, is worth what people think it's worth, so if everyone puts a sell limit of 1 gazillion dollars per share, that's what it's worth now. And since (((they))) tried shorting more then what's available, they'll have to buy back at market price, meaning they'll probably implode.

>>26620880
Alternative theory:
>NEETs fucked these kikes beyond their wildest imaginations and this “round 2” is nothing but a Samson Option.

Any of you fags considered what happens when their shorts get called and they are all penniless?
Hint: your big daddy war bucks future buyer just disappeared.

Monday will be a race to the bottom (if we even make it that far). A few new millionaires will be born (they will be jews with trades in place ahead of yours) but lots of people will be seeing their stacks quartered.

>>26623857
I can literally smell how Indian you are through this post you fucking pajeet

>>26624031
We reach singularity and a new dawn rises up for gamers.

How the fuck are there more short contracts than stocks available to buy? This is what i don't get.

>>26624146
The reason this doesn't happen in practice is the Prisoner's Dilemma: no one trusts others not to set a lower ask, so they don't do it either.

How does one buy GME?

>>26624285
Fund A borrows 100 shares and sells them.
Fund B borrows the same 100 shares from whoever just bought them, and sells them.
Repeat until the shorts get squeezed.

>>26624285
illegal but not hard to get away with
it's called naked shorting

THE CLOCK IS TICKING HEDGEFUNDS
SEE THAT $1K WALL?
IT'S GETTING HIGHER.

>>26624398
Jesus is this literally 2008 ?

>>26623366
>The stocks that you buy through Robinhood are brokered by Citadel
OH NO NO NO ROBINBROS
does this mean all That GME stock on robinhood is worthless? Can they just assume control of it and declare bankruptcy?

Is robinhood a private bailout firm for kikes?

So I bought in at 88.50 this morning with 5k. I'm up thousands already. Should I buy on at market open tomorrow or play it safe and wait how it goes first? I just don't wanna get left in the dust if I wait too long.

>>26624174
looks like we'll be seeing a bunch of greedy bagholders haha

The ball might be in the BBC bull's court but it is a matter of diminishing returns. That is to say there is no way this can trigger an economic recession as institutions are only willing to pay out so much for this mistake. While there may be no SEC crackdown on $GME trading, it is more likely that these firms will be allowed to get sued and become insolvent - which is cheaper than, say, paying $1000 per share. There may also be new FINRA proposals that no longer permit a theoretically infinite loss as it may be used in the future as a tool of economic warfare.

>>26624601
Let the Elon buyers sell first

>>26623857
>brown ID

Are you sure this won't just crash to nothing when I check my portfolio tomorrow morning? I bought at $215.

>>26624391
Your bank should probably offer trading through online banking but you might need an account. Alternatively:
Canadians: Wealthsimple, Questrade
Americans: Robinhood
Don't really know much for the rest of the world.

>>26624578
>does this mean all That GME stock on robinhood is worthless? Can they just assume control of it and declare bankruptcy?
No to both and you're retarded for even asking.
Please try to learn the basics before you lose all your money gambling on penny stocks.

>>26624031
They go broke, share prices tank, everybody loses but jews lose harder. They take revenge by setting new regulations in place while nobody is watching, robinhood gets nuked, revolution is pushed back another 20 years, XRP becomes the standard.

>>26620880
more or less. The first rule of short selling is you can potentially lose an INFINITE amount of money

>>26624763
Brazil: Avenue

>>26620880
how can you end up in a situation where you have more than 100% shorts ? doesn't seem possible to me

>>26624751
Nobody is sure of anything, which is what makes this so interesting. I certainly would not want to be a participant however since I think a broad market correction is overdue regardless.

Truly enjoying the show.
Godspeed, you beautiful bastards.

>>26623473
>any time a company's P/E ratio is more than 1, the stock price is artificially high.
This is so objectively wrong I must strongly reccomend you stop playing the stock market before you lose everything.

>>26621038
they didn't take into account pure fucking hatred :^)

>>26623463
Isn't it a given we will make it past if the squeeze is well above 100% of all available stocks?
Where do you see that wall?

i heard blackrock is funding them now and tripling down with a 5 billion bailout, you guys dont have enough money and will turn on each other before the hedgefunds lose

>>26624801
So I should sell everything not GME

mfw buying in at 1000 a share isn't actually worth the risk

the closer we get to the meme number the less people are going to buy because the payouts already been set and the risk of it crashing back to 4 dollars is too hard to ignore. When it starts slowing down because everyone's been memeing $1000 then weak hands will sell and the thing will crater.

pretending it's a solidarity thing is smart but the reality is most people buying are in it for the greed, and that greed is going to torpedo the whole thing

>>26624865
Should I take it out or wait a bit longer? I only bought 3 stocks but at $215

>>26623247
imagine actually believing this

>>26625041
So we meme higher?

>>26623463
how the fuck can there be a sell wall at 1K if they need to buy 100% of the shares?

>>26624795
Excuse me for not learning the basics of fucking robinhood, but pretty much every company has insolvency and arbitration clauses in their TOS that no one reads.

So, right back at you, friendo.

Also I forgot to mention the alternative scenario, which is the bears win epically after doubling and then tripling down. Melvin Capital and BlackRock would not be doing so if it weren't for their utmost confidence in market behavior.

>>26620880
Can someone explain to me when is the right time to sell?
When do they have to buy back their short stocks?
If the day is Friday, should I sell Thursday, on Friday, or when the markets open Monday? Like do they just wait until Friday at closing to mass purchase?

>>26621433
I hope 6,000,000 jews jump from skyscrapers on Friday.

>>26625057
You could probably get out at $300-$450 within the next couple of days, but I'm literally just guessing.

>>26623366
What happens if I bought with Ameritrade?

Is it too late to get in? Should I max out my credit card tomorrow?

>>26622656
if there aren't any stocks how am I buying them?

>>26625363
>Should I max out my credit card tomorrow?
yes, and take out a loan from the mob as well

>>26625280
Alright, I'll try to take it out at $300

>>26625229
The real squeeze isn't set to happen until Friday, and even then not all of the puts are expiring. My assumption is that there will be a major rally on Friday and then subsequent start of the collapse EoD into Monday. Any price target will be short lived.

>>26623366
This is why I'm using my bank to buy GME. Gay ass 9.99 commission fee but it's also a tax free savings account (thanks Canada) so I literally pay no tax on gains in this account up to 75.5k.

>>26624146
>tried shorting more then what's available
I don't understand this part. Available to whom? Doesn't step 1 require the number of shares they are shorting to be available? How is this possible? Or is this a hypothetical >autists won't sell

>>26625229
decide now what you want to make and sell when you make that amount

even if this skyrockets to 1000 tomorrow, you shouldn't change your plan. The number one rule of gambling is to set a limit and know when to get out. When you let greed start dictating your decisions there's no way out and you'll start chasing your loses into oblivion.

sell thursday at the earliest though, possibly waiting until friday if the return doesn't look great.

>>26625564
Shorting a share doesn't remove it from the market. Someone else can short the same share.

>>26625488
Just because I'm a wop doesn't mean I have mob connections.. anymore :^)

>>26625564
naked shorting
they bet on bankruptcy and may possibly lose that bet if SEC doesn't step in

>>26624398
How the fuck can you control something like that?

>>26625229
When price spikes 400% after $500 to $2k+ on Friday. Sell the top, rebuy at $800 then sell the double top and exit completely. Short the top if possible (am ausfag, can’t)

>>26625851
Don't short when there are already lots of shorts on the stock. The data is public.

>>26625860
double top?

Do we know exactly how many shares does Melvin has to cover on friday ?
Curreny market cap is 10 Billion USD now

What funds are shorting GME so I can short them?

>>26625860
>$2k+ on Friday
Are you reading technical indicators or tea leaves?
Either way, show us.

Should I set an order to buy 20 shares tomorrow? Told myself I wasn't putting in anymore money into crypto/stocks, but this shit is hard to resist. I'm torn guys I'm trying to be strong and stick to my plans and not be a degenerate gambler but is this even gambling??

It’s not shorting it’s options that are squeezing

More demand for OTM calls forces hedge funds to cover their risk

>>26623146
can't believe it too this long for someone to clarify that it wasn't Gamestop shorting its own stock lmao

>>26623958
Nobody expects weaponized autism

>>26621038
They are jews anon

>>26625429
you can buy the stock right now and just have it in hand
what people are talking about are options, which are the rights to buy/sell a stock between involved parties
short sellers bet that the price of a stock will drop by the time they need to fulfill the option

>>26620880
>>26621038
>>26621433
interesting

>>26621433
nah thats just the narrative. every economic event has some narrative that is almost always a lie or an exaggeration.
somebody big profited off this

>>26620880
How do i set the price to 11ty gorillion on Robinhood? Or do i have to do that when i bought it?

>>26626318
>source: dude trust me

>>26625502
sup fellow RBC-DI leaf
how long did it take you to get your account activated

>>26620880
The company wont have to cover the loss. The hedge funds do. And they have more money than gamestop. And they have borrowed so much of other people's money that they will be unable to pay back other hedge funds.

Merlin took a 2.5b loan and lost it in a day. The fire rises and the house of cards begins to fall.

Can I make it with 2 shares?

>>26626530
Actually I'm with TD. Make sure you open a TFSA trading account bro so your gains are tax free up until the limit of 75.5k. I had mine set up last year but only started using it recently (mostly a crypto trader).

Niggers why are they not closing their short position earlier?

Do I buy anonbros?

>>26626869
appreciate it, I'm likely going to miss the fun here but I'll be standing by for the next moon mission

>>26627088
because they are the smart billionaires and we are the autistic thousanders

they think they can't lose that's why they shorted 130% of the stock

>>26621038

They were making so much money on shorting stocks that they believed to be dying off.

They never though these stocks would go back up in any significant amount!

>>26626427
>dont think critically, trust the msm instead

>>26627150
Yes.

This is not financial advice and you must do your own due diligence.

Yes.

>>26622559
The short version is the people that are liable to buy these contracts can see what you set the stop loss to. If you put it to $200 they will drive the price to 200 and buy you out. If it's $100 it's probably not possible to drive it that low. But if you won't sell below say $500 there's nothing they can do.

>>26620880
Ok fags here’s the deal. GameStop is rebranding to Endgame and they will rollout a monolithic hardware software as a service that will capture the data of every gamer for battle ai for our war with China. Musk is going to use his juice to pump his Mars bags and preemptively kneecap chinese upstarts. The Mars race is his to win and the Chinese are the only obstacle. Remember to never ever sell. Anyone who doesn’t understand the implications of this and is holding btc is getting rekt. This is gonna flip Amazon. Boggs will bankrupt every central bank on earth and you will just watch? Or do you wish to profit?

>>26621433
When did the autists spot this and why can't they be this based again?

>>26625026
No, it started just as a way to send a message, just spend enough you can afford to lose. Everybody loses, but (((they))) lose the most and that's the whole point of this.

>>26623317
Be Diana Ross

>>26623247
>Markets at their core are dictated by real world trade and goods.

Oh dear.
Do you believe the market is full of apple pie and wholesome goodness?
kek

>>26620880
Correct, but you're missing 3 critical points:
1. The brokerages are responsible for the shorts if the funds go bankrupt.
2. The fed will bail out the brokerages, since if the brokerages go under it will cause a financial crisis.
3. The bailout will cause inflation, meaning a crypto pump. It will be a race to get the most btc as everyone who gets their GME money puts it into crypto.

So how did this leak, aren't kikes doing this every week of the year

>>26628796
>2. The fed will bail out the brokerages, since if the brokerages go under it will cause a financial crisis.
wrong. this would oblirate the stonk market

>>26629010
Well if weren’t busy shitposting on pajeet scam threads, you would have seen the Gamestop shilling since last year

I just put in an order for a couple if nothing more than to say fuck the hedge fund