Investing in the stock market

[Zan15]

Peer pressure is bigger here than ever. Everyone on there is recommending to buy at the dip and people will.
Besides, Melvin didnt sell all + the short is still up over 100%, so plenty of more to go. Once the market opens we will see.
My bet is 'regulars' will pile over one another to get in on the action.

He did sell it all.
He put out a public statement saying he closed his positions in GME.
It would be highly illegal for him to still be holding any of those positions after doing such an announcement.


Where are people getting this idea he's not out 100%?
Did i miss a follow up report?

[hellhamster]

Them shorting the stocks should be illegal, but lets be real the job losses have almost nothing to do with the shorts themselves. 99% of that can be blamed on the folks running the company, the economy and decisions made.

Incorrect, shorting causes an indirect chain reaction that can hurt a company greatly. It is partly responsible for turning away investors and banks who can get a quick look at the company they are about to invest in by looking at market growth, which is tied to stock price and market cap. That money is extremely valuable, and once it disappears, things tend to roll downhill, especially if a company has bad liquidity and is on a downward trend.

I agree that bankruptcy falls hugely on the shoulders of the people running it though.

[Zan15]

Long live WSB. May their chaotic neutral reign be long, and their investments go to the moon!

I regret not investing in it, but Im happy with my roth IRA.

Their activities are starting to effect quite a number of other stocks besides the big three of gamestop, Bed Bath and AMC.

SiriusXM saw a huge bump this morning even after they reported a possible failure in their new satellite.
They also happen to have 17-19% short.
Far cry from the big ones but its settled back down as quickly as it spiked.

[Very Tired]

Never really got how WallStreetBets was a popular part on Reddit. Knowing the demographic of Reddit, it doesn't seem like the type of people with tons of disposable income to throw into the stock market.

[Zan15]

Incorrect, shorting causes an indirect chain reaction that can hurt a company greatly. It is partly responsible for turning away investors and banks who can get a quick look at the company they are about to invest in by looking at market growth, which is tied to stock price and market cap. That money is extremely valuable, and once it disappears, things tend to roll downhill, especially if a company has bad liquidity and is on the verge of collapse.

I agree that bankruptcy falls hugely on the shoulders of the people running it though.

You think a bank/investors is/are going to base their investment on the stock price and shorts vs actual financial situation???
Oh boy.

I gave 1%, which is about the appropriate impact.


The blame is on the company way before bankruptcy.
You going to blame the shorts of blockbuster instead of their failure to buy Netflix and/or make the transition to mail rentals and then streaming??

That is an extreme example but they lost tens of billions, tens of thousands of jobs and many people's investments LOOOOOOONGGG before bankruptcy because of the companies leadership and decisions.

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Never really got how WallStreetBets was a popular part on Reddit. Knowing the demographic of Reddit, it doesn't seem like the type of people with tons of disposable income to throw into the stock market.

The stimulus helped these people have a bit of FU money to throw around. Especially the sub 30 year olds still living at home with "nothing to lose"

Also the media helped drive over a million people to that reddit in a very short period of time.

I think they are up to 3.2 million from 500k a few weeks back?

Even if 10% of them actually invest that 320,000 people throwing in its can result in a lot of money on such a small value stock. Well what used to be a small value stock.


A lot of desperate people out there right now saying "fuck it".

The problem is when they suck in people with actual responsibilities and families to support.
That is why I compared this to a pyramid scheme. Its working the same fucking way, just not illegal.

[hellhamster]

You think a bank/investors is/are going to base their investment on the stock price and shorts vs actual financial situation???
Oh boy.

I gave 1%, which is about the appropriate impact.


The blame is on the company way before bankruptcy.
You going to blame the shorts of blockbuster instead of their failure to buy Netflix and/or make the transition to mail rentals and then streaming??

That is an extreme example but they lost tens of billions, tens of thousands of jobs and many people's investments LOOOOOOONGGG before bankruptcy because of the companies leadership and decisionsl.

I work for a company that hasn't had a great track record lately. We used to be kings in the field of geotech engineering. Nowaydays all we can muster are underused and overpriced assets, cutting corners, mismanagement in every company layer, murky direction, inability to adapt to the competition and needs of the market, zero investments in things that matter, bloat, Murphy's law basically. Stock has plummeted by 70% since a decade ago. The only way to stay financially afloat is basically bank loans. The banks looked long and hard at our market growth and decided to bet for us. Now, if stock price was lower due to bigger shorts, I am 100% sure I would be looking for a new job right now.

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Also, do not forget that one of the biggest global economic biggest crises in recent memory was due to Wall Street hedge funds in 2008. Did they get punished for falsely ranking derivatives and basically being corrupt as fuck so their friends get richer and by extension themselves? Naaaaaah, they got bailed out with almost a trillion dollars, with millions of not only ordinary Americans, but people in the entire world losing their jobs.

[Machismo]

Man, some people are about to lose their asses on Gamestop stocks.

[crewskater]

Its a system that is unregulated and you can't even get your money if something happens like you forget your password/hash/info etc.
Its a system that is going to be regulated to the same level as every other currency and system, losing most of its benefits.

Bitcoin is another fly by night pyramid scheme that a bunch of people will make a lot of money on. The majority, not so much. Hell 2500 people own half the market.

For the love of god, do some research on Bitcoin before you spew nonsense. You can't regulate Cryptocurrencies, it's decentralized! That's what makes it so awesome, it can't be controlled by any governments. In order to do so, you need at least 40% of the computing power which is pretty much impossible. The fact you referred to it as a pyramid scheme leads me to believe you don't know what an actual pyramid scheme is. How can you get scammed with crypto, I'd be curious how that works.. Governments have tried to regulate file sharing, look at how well that went, same thing with bitcoin being p2p.

Please take 10minutes out of your day and learn about the blockchain and how it's going to revolutionize currency. You don't need to be an econ major or a technical background to understand the blockchain. https://www.youtube.com/watch?v=SSo_EIwHSd4

Bitcoin has a finite supply of 21 million coins, the last one will be mined in 2140. This means it's here to stay and isn't going away anytime soon.

[The Oblivion]

Man, some people are about to lose their asses on Gamestop stocks.

thats what everyone was saying yesterday at close. and the day before. lmfao

[Crissi]

thats what everyone was saying yesterday at close. and the day before. lmfao

From what i understand, the plan on WSB is to sell after Friday when a hedgefund plans to cut their losses and run?

[The Oblivion]

From what i understand, the plan on WSB is to sell after Friday when a hedgefund plans to cut their losses and run?

this is because of the shorts coming friday, basically holding to force the shorts cover by needing to buy. how it actually plays out is hard to say, lol WSB is filled with spammers and botters now.

[downnola]

thats what everyone was saying yesterday at close. and the day before. lmfao

Nobody in their right mind is looking at the rising price of Gamestop stock and thinking "that's a perfectly reasonable evaluation of Gamestop as a company, give me more!" Which is fine, I'm not losing any sleep over short sellers being taken behind the wood shed for a little pegging, but people are going to get hurt when the stock comes back down to earth.

[Machismo]

thats what everyone was saying yesterday at close. and the day before. lmfao

At some point, it's going to be crashing down. There really is now ay around it.

[Theodarzna]

Long live WSB. May their chaotic neutral reign be long, and their investments go to the moon!

I regret not investing in it, but Im happy with my roth IRA.

TO THE MOON! Sailor Moon Endorsed!

[Belize]

Never really got how WallStreetBets was a popular part on Reddit. Knowing the demographic of Reddit, it doesn't seem like the type of people with tons of disposable income to throw into the stock market.

You're assuming these people have disposable income, and aren't just losing what little life savings they have betting on the opportunity to make a quick buck.

[Sorshen]

Scott Wapner's face on CNBC lol. Fuck these people. Shorting gets punished for once and they start crying.

[Vash The Stampede]

Long live WSB. May their chaotic neutral reign be long, and their investments go to the moon!

I regret not investing in it, but Im happy with my roth IRA.

Autist here and can't wait to ride that rocket. Gimmie my chicken tendies!

[Theodarzna]

No one's really given direct financial advice other then some really solid suggestions on how you should go about trading safely and educating yourself. This whole thread has mostly been about that.

Please tell me what has been so wrong about the advice given so far?

You don't have to run defense for Hedge funders and billionaire hustlers, the government will always bail them out as they always do.



Being rich is great, you literally can never lose and even if you do, rules are rewritten.

Cannot wait for the ban on Outsider Trading.

[The Oblivion]

You don't have to run defense for Hedge funders and billionaire hustlers, the government will always bail them out as they always do.



Being rich is great, you literally can never lose and even if you do, rules are rewritten.

Cannot wait for the ban on Outsider Trading.

nasdaq and Massachusetts being a bunch of babies like normal lol

wahh we are losing, wahhhh

[Zan15]

Also, do not forget that one of the biggest global economic biggest crises in recent memory was due to Wall Street hedge funds in 2008. Did they get punished for falsely ranking derivatives and basically being corrupt as fuck so their friends get richer and by extension themselves? Naaaaaah, they got bailed out with almost a trillion dollars, with millions of not only ordinary Americans, but people in the entire world losing their jobs.

Hedge funds were the ones who got stuck buying the bundled mortgage debt.

it was the banks, mortgage companies, reinsurers like AIG that lied about the debt that they resold to investors including hedge funds.

Hedge funds hardly got any money the majority went to the three i just mentioned.

Hedge funds who used credit default swaps to bet against the subprime mortgage market because they knew the three were shady as fuck and they knew the debt was way worse then how they were packaged for sale.

Hedge funds did benefit as AIG had to use bail out money to pay the hedge fund what they were owed. Oh the horror of paying your bills.


Also the bail outs btw, were paid back in full with interest. It ended up being a great investment for taxpayers that is still paying dividends today. Oh about 90-120 billion dollars a year.