/biz/ - Business & Finance

Can someone run these reddit niggers off the board already? Holy shit.

People giving up it seems. Everyone wants to forget that it happens cause they all collectively got cucked out of lots of money. To bad they can't pawn those dimond hands to pay for rent this month.

>>27696348

Yep. Two family members who fell for the mania and went all in finally texted me saying they were done and never investing again. I fucking warned them. Still a couple holdouts who think if they can tough it out a few more days the price will shoot back up. Tried to tell them why that wouldn’t happen and got yelled at so I’ve done all I can for the fools.

>>27696463
and why won't it happen again?

hey /gme/ has the squeeze squoze yet?

>>27696254
Honestly, if GME was dead it would already be down to 10-15, and for the past days it's hovered around 90. So many idiots took shorts that a likely squeeze is imminent.

>>27696463
I'm so glad I learned my lessons in 2018. Expensive lesson but still.

>>27696421
It's missing:
>the shorts aren't settled

you redditors deserve to lose your money. now go the fuck back to your containment board

>he doesn't realize the guaranteed win play is to buy long term puts on gme, in a time frame where the hype is guaranteed to have died down

Sucks eh, I should have taken profits on the way up, I'll sell at open just to be rid of the sight of it. Down a few thousand, but what are you going to do.
I got very greedy. It's boomer investing for me until the rest of the year, and I'll build up some cash on the side to dump in when a big correction happens. C'est la vie

>>27696463
>never investing again
Cool story kid.

>>27697312
Seeing how nobody has reliable or up to date numbers the shorts might not be closed.

>>27697622
Cope

>>27697741
About what? I’m not stupid enough to buy meme stonks promoted by plebbit. So again, cool story kid.

>>27696463
Explain in detail why it won't happen again

>>27697312
There is no evidence they have been and multiple factors point to the contrary.

>>27696602
The bums lost, Lebowski.
Hedgies won on Thursday, no matter how much I wish it wasn't the case. The theory behind the short squeeze has 3 avenues to force it to happen.

1. Margin calls: the value of GME gets too high and hedges are forced to pony up collateral for their positions or sell. With the price this low, the chances of them getting margin called are basically 0.

2. Gamma squeezes start the squeeze: the price jumps from calls exercising and starts the chain reaction. This past gamma squeeze, which should have been the biggest, didn't do shit. No indication that it'll change this coming Friday.

3. They can't pay the short interest: holding shorts racks them up a small fee every day. Again, with the prices this low the interest isn't going to be much.

Outside of that, based on how much they manipulated the market, the hedgies 100x shorted before the crash and refilled their coffers. On the other side of the trenches, GME bulls have had their portfolios decimated and the majority of pro-GME liquidity (and optimism) has already been eaten up.

Thursday was GME's Stalingrad. The War might not be over but it is no longer a question of who wins, just how much blood is spilled before its over.

>>27698306
Imagine the /threads from early sellers if it went to $500.

>>27697446
This is the containment board you fucking kike. Shoo shoo.

>>27696254
I feel you nigger
if it happens it happens if not cest la vie

>>27696254
Either WSB wins and I make $100, or /biz/ wins and I lose $700.
Either way it'll be fun.

You are retarded first we are at european time second, less Talk more MONEY because hedgies lost, stock takes time its not Shitcoin u KIKE!

>>27696314
it has to hit 30 dollars for the realization to kick in. Also rent is going to be due and most of them will be homeless.

>>27698306
https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/

Any arguments why this didn't happen? Seems very likely as there was no volume to cover shorts and if they actually covered shorts + the hype then price should have exploded instead of dropping massively. Can't imagine them not doing options fuckery to just delay time and not having to close the shorts while literally the entire world looks at them

And Blackrock invested in $AMC so no need to stupid Skids.

>>27698306
copypasta, seen this in many other gme threads

I‘m done, sold everything. Can‘t believe I trusted fucking Reddit. Biz was right

Why did you do this? Lured poor people into losing whatever they had left...

>>27698631
Had it not been for that Thursday fuckery, it absolutely could have squoze. In hindsight, the idea that an American financial institution, legitimately one of the most powerful and well-connected things on the planet, was just going to go roll over and die so redditors could all be millionaires was comical. I got wrapped up in it too but had a moment of clarity and sold Friday. I legit should send the guy who made the post that snapped me back to my senses a grand or something. Ended up leaving with $160,000 (could have been $200,000 but I held a chunk into monday). I wish I wasnt such a moralfag and would do some cool/fun shit with it instead of buying a house lol.

>>27698949
I literally just wrote that you fag.

>>27696314
30% give or take will never leave. When eightchan's admin invited reddit onto their site after reddit banned fatpeoplehate, it took users months of bullying to get rid of a chunk of them. This situation is different in a way but functionally wallstreetbets is a dead community with their original users refugees so it's comparable. Lucky for you this site is already 40% redditors so you won't notice a thing.

Post your face when reddit recreated another 2008.

>>27698840
Whether they did or did not cover the shorts really doesn't matter imo. As long as they have money, they can hold. And after a ~$210 drop in GME shares, you can bet your ass that they have money again and GMEs price is much more manageable. I'd assume the hedgies realize how close they came to death and will steadily bleed off their short positions, at least down to a manageable level.

>>27698840
The amount of media attention + WSB new users makes it clear, that Hedgies have not lost anything. The price only pumps because new people wanted to join. Hedgies bought new shorts at $300+ and reported losses.

I will gladly lose all of my GME just to see them burn.

>>27699100
give me money
money me now

>this thread full of shills
Fuck off. Still not selling.

THE SQUEEZE STATUS:
>NOT SQUOZE
THE SQUEEZE STATUS:
>NOT SQUOZE
THE SQUEEZE STATUS:
>NOT SQUOZE
THE SQUEEZE STATUS:
>NOT SQUOZE
THE SQUEEZE STATUS:
>NOT SQUOZE
I REPEAT
THE SQUEEZE NOT SQUOZE YET
CURRENT ADVISORY STATUS:
>HODL

TRUST THE SQUEEZE

>>27698306
>Thursday was GME's Stalingrad. The War might not be over but it is no longer a question of who wins, just how much blood is spilled before its over.
Volume hasn't been shooting up though. It definitely has increased, but it's not where it needs to be assuming Melvin doubled down on shorts. I believe they did but I'm not a financial advisor. I have a couple meme shares so I'm not in it to win it, but the breakdowns are pretty interesting.

They have a legit chance but won't 100% know until the 9th or 24th (https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest).). It's a super risky play but as it stands, they just need to prevent losing. They're the Soviets in this Stalingrad scenario. Whether they know it or not, they just have to not lose to win. As of right now (as I type this), they have a good chance. No clue if they're going to start panicking though.

The general sentiment over there seems to be "I don't care about losses". Share price is fairly stable compared to last week. Volume is up, but the mystery is why the big guys opposite of Melvin didn't cash out on a sure thing.

Pro GME: Big guys might smell blood in the water. They really aren't losing anything by holding on to long positions, which also vacuums up volume. All it takes for the WSB retards to win is to hold. Assuming more shorts were taken out after the peak, WSB guys have a good chance at hitting the moon if they hold right now.

Anti GME: The peak already happened and Melvin lost some, but they reloaded shorts and a slow bleed can put them back in a good position. If that happens, it'll tank.

Don't FOMO YOLO. Just read the data. The amount of shorts are ridiculous, true. It's also a 50/50 that they reloaded them assuming they could pounce at a secondary opportunity.

You're essentially betting on the hold meme. If it pans out, the shit will hit the fan and you're going to see insane profits. Otherwise, you stand to lose a lot of money.

It was surreal watching wsb go from semi based 4chin lite to absolute room temp iq hivemind soi over the last week or so

>>27699579
My mum is hodling lol, I folded and took my profits while she watched it dip and kept buying, irascible in her confidence. I really want her to win, she deserves it.

>>27699803
wholesome post

>>27699579
Good post. I think a good chunk of GME hate is people going in way too hard when they can't afford it or panic selling when they see red and have no idea when it is going to happen, which is part of this bet.
Personally, I would have like to have bought at a lower price point, but I can take the hit while waiting.

>>27696254
IM NOT SELLING BUT I CANT BE ARSED TO TYPE ANYMORE. SINCE I JUST SIT AND WAIT... MY BAGS ANON... MY BAGS... GETTING HEAVY.

>>27699919

NEVER SELLING. I WILL hold the stock like a retard and no one can change that.

It's time to let GME go and join the DOGE pump

>>27700000
Nice get fellow Chadholder

>>27700008
>focusing on just one get rich quick scheme

>>27696254
no volume and price still close to 100 and many puts expire tomorrow. Even if we won't see a giant pump we'll still see at least above $120 soon. Bunch of retard retail bears tried shorting this this week for nothing.

>>27700000
checked and keked

>>27700000
Fucking checked

HAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHHAAHA

My bags are getting heavy
My back is getting tight
I'm thinking about jumping
Off the queensboro bridge tonight
I don't care cause all I wanted to do
Is cash my gme when I got to the moon.

Amazes me how like 99% of every one invested in GME doesn't realize how a short can cover his position.

If a guy has shorted he can just buy the stock and resell it to the same person back and forth until all his position is covered. The whole nonsense of them having to buy up all the stock at the same time is so retarded it's not even funny.

>>27700300
Holy shit, you're retarded

I've lost like 60% but I'll only feel worse if I sell. I'm riding this cunt to 0 (ZERO).

>>27698306>>27699579
I don’t know what to believe

>>27700300
Yes, idiot. Because 1 guy owns 100% of the stocks.

>>27696348
>>27696463
I put money I could lose into it. Got 3 shares of GME and like 10 shares of AMC. I’m happy holding to 0 because it was a gamble and I think the shorts must still be paid off. I think this was the big shakeout to remove paper hands. Now is unironically the best time for firms to cover their shorts. If nothing happens. Oh well I don’t care. If it does, then it does.

>>27700285
GOODBYE MELANCONIA

>>27700300
since the shorting is above 100% they would need to do that at the very least 70 million times... Where is the volume and price increment?

>>27700429

>>27700300
No wonder so many people here buy so many scam coins.

>>27698306
>Lebowski

>>27699882
>Personally, I would have like to have bought at a lower price point, but I can take the hit while waiting.
Same here bro. It's not a sure thing at all, but better to roll the dice when you can afford to lose.

Some of the GME hate are definitely legit losses, but I think some are sour potential grapes. They don't want it to happen because they would hate themselves for missing out if it did.

Like I said, it's not a guaranteed win in any circumstance, but it's not the end. The hedgies want this to bleed out so they can take it as a lesson learned.

Point I forgot to mention: Melvin got a bailout but their losses aren't enough to signify they closed their positions. They sure want people to think they have, though.

They had 140% shorted of the float, Melvin is worth a total of 8 billion with a 3 billion bailout from Citadel. Assuming they closed out their shorts when it dipped to $100, they'd have a 14 billion loss. Even assuming they shorted again to cover losses when the price rocketed, their numbers haven't shown the loss of assets. They're still in the game.

They wouldn't have been driven to bankruptcy if they actually did close their positions and the price would've bounced up again. A hit that size should've badly damaged their reputation/bottom line. If they actually closed all their positions, we'd know.

They're trying to trigger a bleed off or a panic. If they can, it's game over and they made their money back. Market hasn't reacted to any major moves by them so it's safe to assume they're trying to take back what they lost.

>>27700421
Just look at volume and trading activity. Hedgies are still in the game, the question is whether a bunch of retards don't get spooked. Sadposter is assuming everyone is out, they aren't. Who knows if they hold though.

>>27700434
This was always the correct mentality and rule 1 of gamb- I mean investing.
All the retards that bought shares this past week weren't investing, they were gambling.

>>27700434
Reddit tier cope

>>27696314
You're going to be on the wrong side of history anon.

>>27700700
I bought in at an average of about 100 euros, maybe less. How long would I have to hodl until it will pump or dump more? I have the feeling I should be jumping on altcoin season instead. Crypto seems to be alot more transparent in its fuckery than this shit

>>27700300
>waste his digits for a retarded statement

if reddit was suddenly only crypto i bet all of biz would be dumping their wallets and moving to stocks

>>27701485
Altcoins are doing great and it's a good investment as long as you ignore most shilling on /biz/. I'm pretty normie when it comes to this sort of thing. Check the tech, if it's a solid idea and traded in the right places, you're probably on the right track. I bought in on Algorand before the price jump and put some in XLM, if that breaks $.35 and/or gets adopted by money movers it could jump. The solid "remoras" (crypto that piggybacks on other crypto or is used as a replacement for traditional financial services) could be really solid, especially post-pandemic. We won't know unless it happens or crashes though.

I can't say with certainty but we'll know the initial short positions on the 9th and everything after the peak on the 24th.

You're basically betting on
social signalling and hatred of the establishment, get rich quick mentality, and memes
vs.
financial cynicism, market manipulation, and legit fraud

I say 50/50 because they're both powerful. WSB has surprising staying power. I was a lot more cynical until I saw them holding after the "all is lost!" moment. Don't let me be a hopium distributor, check the volume vs. price. It's volatile right now because not a lot is actually moving and there's clear fuckery.

>>27696314
Every time a new semester starts at my alma mater I go there to harvest the fresh overseas arrivals from india and china.
These girls all come from good families, and have been brought up well as virgins to pair with another talented member of their society. Their parents and countries spared no expense in investing in them.
To bad they meet me. Once they see my white chad genetics, 6'2", muscled body, blonde hair and blue eyes, they are putty. I take my time getting to each of them and deflowering them, making sure to pound them for two hours or more so they never forget the feeling of me inside them. I never use protection and go in with the mindset I am sending them back to their parents with a baby. All that effort just washed away as their eggs drown in my seed.
I always use a false name and have never been caught doing this. By now I have cucked around a thousand men out of good wives and forced them to raise my bastard children just for pity sex in between the drug dealers they fuck just to try and get a taste of the pure ecstacy and primal fulfillment they felt as I ravished them.
Following them on social media and seeing their bellies swell is the best, if they post it is a girl I try to accidentally run into them and lie sweetly, and then ravish her again, just so the first thing their daughter knows outside of the womb is my superior genetics, washing over her, programming her to be a white cock loving slut like her mother. She quivers with the fantasy that a chad like me is going to stick around as she milks me and my daughter's placenta slowly takes up and feeds my cum to the fetus.

>>27700421
Think for yourself and take accountability for yourself.

>>27696314
BUY GME TODAY OR YOUR MOTHER DIES IN HER SLEEP

>>27704504
This

>>27704504
>>27705262
lol

>>27705262
Samefag Memefag Cuckfag Stonefag Badfag...

>>27698306
90 is still high compared to the original short position they took. Yeah sure, they did take new positions and took profits but, if people keep the price in that range, shit's not looking good for melvin