Business & Finance The GameStop Short Stock Sensation

[History Learner]

Looks like silver was a lie.

Wsb on reddit has been calling it out All day.

The media lied about it to try to get people to sell gamestop and buy silver.

The fact the Media was suddenly giving it wall to wall coverage made it obvious, especially after last week's antics. A little DD shows Citadel-at the heart of the GameStop episode-is a major player in Silver; 4th largest IIRC.

 

[Husky_Khan]

Robinhood's rating has dropped back down to one star on Google's app store, and this time Google isn't riding to the rescue

Google deleted 100,000 negative reviews of Robinhood last week — but it's leaving a fresh wave of critical reviews alone.

www.businessinsider.com

And RobinHood is back to the one star rating. After deleting over a hundred thousand reviews in the app store only hours ago, Google has stated the new wave of negative reviews are aren't in violation of whatever ambiguous policies the prior reviews supposedly ran afoul of. So RobinHood might remain number one in the Google Play store for the foreseeable future.

 

[Abhishekm]

Well guysif it drops all the way down today, its been fun. Heh.

 

[KilroywasNOTHere]

Hold the stonks!

 

[Husky_Khan]

Please Sell GameStop Before It Round Trips

GameStop’s shares have exploded to levels that can’t be justified on a valuation analysis. While the shares could stay where they are or even move higher, prudent money management would say to sell them or at least take some profits.

www.forbes.com

After GameStop's share price plummets, Reddit's WallStreetBets investors are hurting

"I just want my money back but I know it is gone."

www.pcgamer.com

I mean the stock dropping was literally inevitable. It's still several times above its previous market value of course. But of course some people made very unwise bets later in the game and lost money.

Maybe it'll rise again when RobinHood and other apps open it up to trading again but... well... don't invest money you can't burn away obviously.

 

[Terthna]

Please Sell GameStop Before It Round Trips

GameStop’s shares have exploded to levels that can’t be justified on a valuation analysis. While the shares could stay where they are or even move higher, prudent money management would say to sell them or at least take some profits.

www.forbes.com

After GameStop's share price plummets, Reddit's WallStreetBets investors are hurting

"I just want my money back but I know it is gone."

www.pcgamer.com

I mean the stock dropping was literally inevitable. It's still several times above its previous market value of course. But of course some people made very unwise bets later in the game and lost money.

Maybe it'll rise again when RobinHood and other apps open it up to trading again but... well... don't invest money you can't burn away obviously.

Of course it was inevitable; nobody was allowed to buy the stock anymore. Its value had nowhere to go but down. What I find funny is how quickly the establishment jumped to the defense of the stock market the moment it looked like the plebs might succeed at manipulating it to their benefit; especially compared to the nearly total lack of action before, during, and after the 2008 recession.

 

[History Learner]

Of course it was inevitable; nobody was allowed to buy the stock anymore. Its value had nowhere to go but down. What I find funny is how quickly the establishment jumped to the defense of the stock market the moment it looked like the plebs might succeed at manipulating it to their benefit; especially compared to the nearly total lack of action before, during, and after the 2008 recession.

SEC looking at a Reddit forum for market manipulation despite the rather blatant actions this week on the part of the media and financial institutions says all that needs to be said.

 

[Terthna]

SEC looking at a Reddit forum for market manipulation despite the rather blatant actions this week on the part of the media and financial institutions says all that needs to be said.

What it says to me is that they truly believe they're the shepherds, and we're the sheep; meaning our lot in life is to be harvested by them.

 

[History Learner]

What it says to me is that they truly believe they're the shepherds, and we're the sheep; meaning our lot in life is to be harvested by them.

You're kinder than me; I don't even accept giving them the pretense of something as benign as being a shepherd.

 

[Abhishekm]

You're kinder than me; I don't even accept giving them the pretense of something as benign as being a shepherd.

Fleece em, milk em and skin em not enough of an analogy?

 

[Terthna]

You're kinder than me; I don't even accept giving them the pretense of something as benign as being a shepherd.

Neither do I; I just said that's what they think of themselves. As for myself, I think of them as little more than parasites with delusions of grandeur.

 

[Abhishekm]

Think this topic is mostly done save the aftermath.

 

[Terthna]

It's disturbing how easily r/wallstreetbets was sabotaged from the inside; I suppose it just goes to show how important it is to have principled leadership for any movement to succeed, not to mention police for astroturf.

 

[KilroywasNOTHere]

question is this, could it be repeated? What's stoping people from pooling thier resources and buying stock in companies they support?

 

[Abhorsen]

question is this, could it be repeated? What's stoping people from pooling thier resources and buying stock in companies they support?

Because outside of a short squeeze, the chances of this working are unlikely, and in the future, hedge funds will hedge against this as well by buying insurance against this.

 

[LindyAF]

Absent heavy shorting of the stock, ie. the possibility of a short squeeze, it's just a pump and dump, which just lets retail investors screw over other retail investors, but doesn't actually hurt wall street or hedge funds at all.

 

[Husky_Khan]

https://archive.is/iB6Tw

According to The Verge, which I archived above, Reddit intervened in the WallStreetBets community over mods and admins having a dispute with each other, allegedly over some mods wanting to profit off of a movie deal and putting the health of this Reddit community at risk. Reddit removed several moderators for violatimg its ToS.

Concurrently a new WallStreetBets server is being started on Discord after the service provider shut down the previous one. Discord is apparently assisting the mods of this new server with moderation for the time being.

 

[Husky_Khan]

Wait, there's FIVE film projects in the work now about this Gamestop crap?

Fifth GameStop Project In Works At HBO - Dark Horizons

Yet another project related to the GameStop stock market squeeze is in the works, this one a scripted feature film at HBO. This one hails from “Billions” creator and “Too Big to Fail” writer Andrew Ross Sorkin, HBO Films chief Len Amato, and prolific genre producer Jason Blum of Blumhouse...

www.darkhorizons.com

 

[PsihoKekec]

What's the chance of all of them ending in development hell? 100% or just 99%?

 

[Captain X]

Well, the ones that depict some plucky social justice warrior defeating the evil right-wingers' attempt to crash the stock market will probably get made.