Jump to content

  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Gamestop stock situation - anyone else in on this?

KSpan

By KSpan,
in Huddle Lounge

 Share

Recommended Posts

d-dave Grand Master

d-dave

Posted
Posted

https://gizmodo.com/reddit-s-anarchic-investors-to-hedge-funds-i-hope-the-1846135080

I was just about to post this.  One of the top comments points out of ridiculous the entirety of the stock market is and how we're all dumb for giving our money to companies to invest on our behalf.

But finding out that it's putting leverage on a billionaire makes me smile.  My hope though is for the actual employees of GameStop.  Not sure what good can come for them, but I just hope for their betterment.

  • Pie 1
Link to comment
Share on other sites
Happy Panther Grand Master

Happy Panther

Posted
Posted

I am shorting through puts hoping that the market becomes rational again but I'm not convinced it will. If it does I will make bank.

Basically a mob has said forget earnings we determine what the value of a stock is. We buy it which means people who are short will have to buy it (short squeeze) and people who have to own it because of hedges will have to buy it (gamma squeeze). So if I buy one share two other people will have to buy a share too. And if we all mobfund this it will take off.

My question is is it sustainable? It doesn't seem like it but this could represent a watershed event in how trading is done. 

I think once the mob realizes paper gains are paper gains until you sell this will crash. 

  • Pie 2
Link to comment
Share on other sites
pantherphan96 Newbie

pantherphan96

Posted
Posted

kicking myself for not getting in earlier, bit the bullet around 300 and probably going to regret it but it feels good to put the pressure on the hedge funds. can already see them crying and reaching out to their establishment shills to shame the little guys. these fugers crashed the economy in 08/09 and got bailed out but they cant stand a little heat from retail investors and now want to change the rules so only they can get enriched by cheating the system.

  • Pie 2
  • The D 1
Link to comment
Share on other sites
KSpan Grand Master

KSpan

Posted
  • Author
Posted
35 minutes ago, Happy Panther said:

I am shorting through puts hoping that the market becomes rational again but I'm not convinced it will. If it does I will make bank.

Basically a mob has said forget earnings we determine what the value of a stock is. We buy it which means people who are short will have to buy it (short squeeze) and people who have to own it because of hedges will have to buy it (gamma squeeze). So if I buy one share two other people will have to buy a share too. And if we all mobfund this it will take off.

My question is is it sustainable? It doesn't seem like it but this could represent a watershed event in how trading is done. 

I think once the mob realizes paper gains are paper gains until you sell this will crash. 

Agreed on all points. The short vs float is what makes this so interesting and could seemingly have a massive ripple as funds adjust to make sure they aren't caught in a similar situation in the future.

Link to comment
Share on other sites
4Corners Grand Master

4Corners

Posted
Posted
5 hours ago, CRA said:

I'm about to buy some Blockbuster stock!  Come on huddle. Let's get real crazy!!

but in all seriousness, watch how fast the government can make moves when they actually care about something. 

Ditto.

it’s all good, fair, and completely dictated by the free market when some 1 percenter hedge fund people and corporations are stacking the deck but when the average Joe finds away to win at the card table - OH HELL NAW we got to change the regulations and rules. USA USA USA

  • Pie 2
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing

  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • GOAT
      Bryce’s new look. He looks like a grown up

      By GOAT · Posted

      5 straight completions in the 4th quarter to get into the red zone and then score a stand up rushing TD and celly in one of the best defenses faces to bring the score within 1 possession against the super bowl champs is "stunned" to you?  
    • GOAT
      Bryce’s new look. He looks like a grown up

      By GOAT · Posted

      yes, if you read what I said - that was due to his record breaking 245 yard 4th quarter performance in garbage time when the Seahawks were already celebrating. If Bryce puts up big numbers in the 4th quarter, people like you are quick to call it garbage time stats but seem to get selective when other QB's do it because it doesn't fit your narrative.  also, I'm logical enough to admit that Drake is a great QB and his performance had a lot to do with his protection, play calling, and other aspects. The game does not fall completely on the QB. Just like how the Panthers were still in the game vs Seattle until Horn's penalty changed that. It is a team sport, so many factors, players, refs, coaches are involved and it only takes one thing to change the game. the obsession with Bryce is just nauseating at this point and if you pay attention on here, it's the same 10 users quoting and pieing each other. it's super weird and everywhere else you go, opinions on Bryce are trending upwards. the way the season ended, the vibe at the stadium, the performance, should have everyone excited about this next season. Idk, maybe I just look at life and my entertainment outlets differently than others.
    • mrcompletely11
      The Carolina Huddle

      By mrcompletely11 · Posted

      Are we sure something hasnt happened to him because that seems pretty shitty to simply abandon this place
×
×
  • Create New...