I'm new to the markets, but an old hand at watching the swamp operate. They obey laws only when it suits them. When it does not, they just declare things to be how they want them. They stole congress and the presidency not 3 months ago. There is nothing they won't do.
I really hope I'm wrong. I bought a share of GME Wednesday, but not for the potential profit. For the potential to kick the swamps nuts up behind their teeth.
Rules for thee but not for me, they say. Watch them make this problem disappear.
Could you imagine the outrage? I don't deny it could happen, but it would set wall st on fire
God willing
I see it this way too. They change the rules, basically saying every dollar average how has invested is basically worthless, and everyone cashes out their retirements, liquidated their holdings and the only ones left playing the game are the banks, shitsain hedge funds and government. Markets tank worldwide, and then they wanna know why joe sixpack ain't playing the game anymore .
So.. Cash is King right now?
Crypto (the real ecosystem, not the dogenut meme shit) would start to look very attractive
My guess is that if they burn GME, they burn public trust in Wall Street. Money will then flow to crypto.
I'm just watching. I dont know, do not seek my advice. It just seems that may be the only option for the government. Bail out the hedge funds. Massive inflation/devaluation. Huge monetary reset. Wall street burns again metaphorically. Average joe dont care cause he has skills that will allow for him to find work and still feed his family. It wont be like the dustbowl as farming techniques are hugely different now. I dunno. Just speculation from the sidelines.
I can imagine the outrage, but I can't imagine the powers that be giving a shit about the outrage.
The loss of investor confidence would end the market as we know it.
The swamp may bail out its own, but it’s hard to imagine that as the method.
I agree investor confidence would tank. But they won't care. Again, hope I'm wrong.
Nothing is off the table when your existence is on the line. Blatantly steal an election, storm the capitol, burn down a city, diamond hands a struggling retailer. Rationality works during the status quo, but when people are pushed to the limit of what they can bear, rationality becomes a liability.
Is this that moment for Wall Street? Is this how they will respond if it is? Who can say? But the destruction of investor confidence is not an impassable line.
The conspiracy.win in me has been expecting them to manufacture civil war out of the country so that the UN has to come in and save us from ourselves
Between the election nonsense and the lockdowns closing small business down, this would be the straw to break the back
Barf.
Correct!
Blue helmets on US soil - would mean the US gov't has abdicated the authority granted by the constitution - which means their authority is null and void - which means the rule of law is fallen - which means NOT civil war, but REVOLUTION and straight killing in the streets
won't happen in our lifetime
This revolution is different. I called this back in 2015 and it's starting to take shape. The states will form some king of economic pact for energy development or something else, create new regional currencies to be used between those states or within each state respectively, and form some kind of government in exile that morphs into a new federation of independent states. The USA is already over. The federal system has little legitimacy and soon it will have no money. No money and no authority means it doesn't exist anymore and I'm ooking forward to that.
No. That wouldn't justify blue hats. ID put some kind of "natural disaster" of a educational and physical extent. The more schocking, the better (cause it's "natural" with its newly coined name designer name and fresh "supporting science". It gives the impression that theyd be there just to contain the situation and help with food distribution across the country. Huh...nothing could go wrong there!
I think a targeted bailout followed by more ridiculous regulation is more likely. Reference lehman bros
Yes, but that would mean they let us little guys "get away with it" this time, making a ton of money while their buddies go broke. I don't think they're going to allow that. AND then they'll put more regulations out to stop it from happening again. I know I'm being very cynical, I just put nothing past these rats.
The story of the talents. The man who buries and hides his talents(gold) will have them taken from him. Fear of losing money should not make you bury it, it should drive you on to try to make something of it. ?? win or lose we must stand strong
Cast the hedgies into the outer darkness.
This. Back when the lockdowns started, I joked that I should buy stock in GameStop because everyone would get bored as hell. I didn't actually do it because I was afraid of losing money. If I had put $100 into GME at $4, do you know what I'd be sitting on now? Learn from my mistake. I got into the game late, and I will be kicking myself for years to come.
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When it crashed doge was .0017 it was 0.07 the other day. Imagine having bought a 1000 dollars worth then.
Yeah I know gme would bring more but who actually knew it was going to be 350 a share? There were several articles claiming doge would be over a dollar the past few years until this movement I doubt anyone thought gme would even double
I'm standing. I'm holding. I want to see what they do.
I agree
This is not possible. Maybe a pipe dream but the market would not allow this to happen..although they will finance the loss. The interest and the bust for the shorts will be financed through the NYSE and others. With the financing, they will gather steam to stay on board and meet the debt by restructuring the market to fit their needs and recover every cent.
In the mean time GME will come out strong to Thursday close and then tank. With the financing, they will pick up the worthless stock after and return it with let's just call it a late fee. The current holders of the stock will make mega bank.
I’m guessing there’s going to be a coordinated malfunction , all at once. The narrative will be that it’s going to take “years” to untangle, but here if you want you can have your investment back now to take it out of the mess.
This would discredit wall street forever and finally force us into a position where we have to create a parallel market. I hope they do something this drastic because it will accelerate the construction of a parallel system and the creation of interstate economic pacts that morph into the creation of a new constitutional federation with no central bank. The USA is ostensibly dead. I'm looking forward to the new federation of independent republics.
Well said.
Not possible. These hedge funds borrowed GME from other 0.01%er's. You think one group of whales (GME lenders) will take a loss in the billions so another whale (Melvin) does not? Yeah, nah. "How about no, and YOU be that bottom whale" says the lenders to Melvin and shorts.
There are many contracts that can't be filled. So potentially not everyone can get paid. A fair way to resolve this would be to go after everyone involved and halt the prices of the stock as is.
Arrest everyone who wrote/touched those empty contracts. Liquidate personal and business assets. Tap their insurance also, scrounge up as much money as you can from the contract writers involved and divide it up to the people based on shares. It might not be the amount people are looking for, but it wouldn't leave half the people with no money for their shares.
contra prediction: we are going to default and all your stonk with us, problem solved
The real question is when will the peasants stop willingly bending over to get fucked dry by the Deep State? They must like it because they keep letting it happen.
Right now with 70 million shares sold short, that's 70 million people who think they own the stock but don't actually have it because it's been sold out from under them. That's a problem the
I bought GME for the exact same reason. I bet we are in the majority.
Why not? Who would stop them? Yellen?
There are other HF long on GME too.. they got clout too... tug-of-war... but we see who Warren, Sanders really are now.... Not that there was ever really a doubt.
$5 equals more for the smart ones.
GME is going to tank. What goes up must come down. Get out with some profits and don't be greedy before it is too late.
Profits are not the point here. Squeezing the elites' balls harder is the objective.
Ok you can squeeze their balls, but they will definitely squeeze back harder until your testes are on the floor.
Their losses are singular, while our losses are collective. Who's do you think will hurt more, hm?
Some retail investors will get wrecked and won't be able to live anymore. The big guys lose money but lifestyle never changes. This is the big difference.
I think people are smart enough to realize that if it hits $69K a share, they're not going to be able to sell because who the hell is going to buy it? Why are you soo concerned with other peoples potential individual losses? They're big boys. I keep seeing people like you, and it just comes off like you're planted disinformationists trying to help the other side.
And it's obvious that the intent of this whole venture isn't necessarily to make money, it's to expose what they did. Wallstreet has been bailed out for trillions of dollars, with nothing to make them think twice about their wrong doings. It's not about the money, it's about sending a message. But it's about the money too, because too big to fail can turn into too big to save, and if they get fucked hard enough they'll start to think twice and what rises from the ashes will be much better for everyone and cost everyone less money for the rest of their lives than the typical GME investor might lose.
At this point, the government would have to give US a bailout through them.
Only way to hit $69K a share is that someone buys at that price.
The theory is that shorts will be force to buy at any price. The info on the shorts is lacking - futures? are they physical (stonks) delivery? when is the expiry date and what is the strike price and most importantly who bought it? Are the future contracts bought up by the retail investors as well (I doubt that), what makes you think that whoever bought the future will not imediately sell the stock on the market and take 10000% profits tanking the price?
When is the expiry date of the future everyone is talking about?
Strange that people care now but couldn't be bother on the election days when the counting stopped and more.
At that point it would be GameStop bailing out the US goverment :D.
This isn't a pure bubble. In a pure bubble there always has to be bag holders. In this case the shorts are the bag holders.
If you in the current situtation invest enough to GameStop to not be able to live anymore if it crashes ... that's just natural selection.
I believe most people are doing exactly that or cutting it pretty close lol
I usually see posts with people owning just few shares. That seems like play money to me, nothing wrong with that.
One side has billions on the line and their entire way of life. That side's loss potential is infinite.
The other side has spent years investing, losing, winning, zeroing out, or too broke to be in the game for real anyways. All they've got to lose is the couple hundred or thousand bucks they've thrown in. If that disappears, they go back to their normal lives with warm fuzzy feeling about what they participated in.
This is the most lopsided game of chicken in history.
Yep, it's about the journey, not the destination.