wallstreebets trying to bankrupt a hedge fund caught naked shorting

[vacuum]

Pretty funny stuff here.

Read some of these threads:
https://old.reddit.com/r/wallstreetbets/


https://www.youtube.com/watch?v=4EUbJcGoYQ4

[Hitch]

Thanks vacuum, I was following what happened to Gamestop (GME) yesterday, and this video is a good explanation on how exactly short selling works with these big institutions. It is indeed funny, how a bunch of kids online roasted them.

I read one article that the biggest institution caught up in this, got bailed out, and even is trying to short GME even more. The losses from short selling GME yesterday is apparently over $6 billion dollars. LOL.

[Ares]

Looks like there are still some short selling going on with GME.. LOL

Share Statistics
Avg Vol (3 month) 3 21.54M
Avg Vol (10 day) 3 107.89M
Shares Outstanding 5 69.75M
Float 46.89M
% Held by Insiders 1 27.33%
% Held by Institutions 1 122.04%
Shares Short (Dec 31, 2020) 4 71.2M
Short Ratio (Dec 31, 2020) 4 5.78
Short % of Float (Dec 31, 2020) 4 260.91%
Short % of Shares Outstanding (Dec 31, 2020) 4 102.08%
Shares Short (prior month Nov 30, 2020) 4 67.98M

https://finance.yahoo.com/quote/GME/key-statistics?p=GME

[Ares]

Its not too late guys. The institutional investors ARE STILL SHORTING GAMESTOP!!! LOL

https://markets.businessinsider.com/news/stocks/gamestop-stock-short-seller-squeeze-losses-reddit-traders-citron-gme-2021-1-1030000080

I guess that's what you can do when the Federal Reserve is your personal bailout provider.

[Hitch]

Massive short squeeze going on right now with Gamestop. GME is up 55%. I read GME is the most shorted stock of all time in the stock market, over 200 years. This squeeze is a game changer, no pun intended, lol.

[Shami-Amourae]

An Anon on /biz/ organized it and made a $Billion.
https://archive.is/8SuTg
https://warosu.org/biz/thread/S26592336
https://i.warosu.org/data/biz/img/0265/92/1611689143692.png

TLDR

>lots of evil companies decide to short (hope for price to fall) gamestop. The value is 2X over 200% shorted. They hope for gamespot to go under so they can make profit.
>enter new CEO for gamespot
>enter WSB reddit and enthusiastic amateur stock traders
>they decide to buy shares
>Short traders now fucked as price goes higher and higher
>basically in order not to lose money short sellers need stock to drop, but people who bought shares keep pushing price higher and higher
>known as a short squeeze
>price to go as high as $500-1000
>(((they))) panic as they don't have funds to pay for this

[Ares]

An Anon on /biz/ organized it and made a $Billion.
https://warosu.org/biz/thread/S26592336
https://i.warosu.org/data/biz/img/0265/92/1611689143692.png

TLDR

>lots of evil companies decide to short (hope for price to fall) gamestop. The value is 2X over 200% shorted. They hope for gamespot to go under so they can make profit.
>enter new CEO for gamespot
>enter WSB reddit and enthusiastic amateur stock traders
>they decide to buy shares
>Short traders now fucked as price goes higher and higher
>basically in order not to lose money short sellers need stock to drop, but people who bought shares keep pushing price higher and higher
>known as a short squeeze
>price to go as high as $500-1000
>(((they))) panic as they don't have funds to pay for this

You know I almost bought GME with my stock dividends from other stock shares I own. It wouldn't have been much when it was like $5 to $6 a share. I had the order ready and was close to hitting buy..

Kicking myself now that I didn't..

[Shami-Amourae]

Melvin Capital, to file bankruptcy as soon as next week according to sources. The bailout they received yesterday from Citadel and Point72 went “poof” today as the GameStop $GME (https://twitter.com/search?q=%24GME&src=cashtag_click) momentum continued.The fund was forced to liquidate its Alibaba ( $BABA (https://twitter.com/search?q=%24BABA&src=cashtag_click) ) position after hours.

https://twitter.com/WSBConsensus/status/1354233408835219461

/biz/ is literally wiping out more Jews than the Holocaust.

>(((Steve Cohen)))
>(((Gabe Plotkin)))
>(((Ryan Cohen)))
>(((Andrew Left)))
>(((Melvin Capital)))

This could literally crash the entire stock market. No joke.

[vacuum]

You know I almost bought GME with my stock dividends from other stock shares I own. It wouldn't have been much when it was like $5 to $6 a share. I had the order ready and was close to hitting buy..

Kicking myself now that I didn't..

Where did you hear about gamestop back when it was that low?

I bought some shares this morning, not a ton, but they were up 90% today. Thinking of buying more but its already up 50% in after hours trading.

[Hitch]

This could literally crash the entire stock market. No joke.

Not sure if it could crash the market, or send it to the moon. Gamestop wasn't the only short squeeze happening on Monday. Just the biggest, and most profound one. One stock I own, shot up 38% on Monday. Some folks sold, but I didn't. It corrected a bit, then went up 10% again today. It's up 25% in two days. This, and the stock is fundamentally doing well with great dividends.

Short sellers are not doing well right now. Gamestop is incredible because it closed at $147 today, up 92%!!! Plus, it's set to open tomorrow morning at over $200! Any shorts on GME are toast. Melvin Capital may not last a week until bankruptcy, they may just go poof tomorrow.

This story is fascinating at what a large group of small investors, smart people, who come together to make something big happen. Go main street!

[Hitch]

Where did you hear about gamestop back when it was that low?

I bought some shares this morning, not a ton, but they were up 90% today. Thinking of buying more but its already up 50% in after hours trading.

Congrats on getting in the morning. I don't have the stomach for this situation, but hope you and others do well. GME is set to open over $200 in the next trading session tomorrow.

What's interesting, is I never even looked at Gamestop like Ares did. Now, they are all over the news. It's not just some reddit young guys driving this, there's me, you, and millions of others watching how this unfolds. I'm sure there's a lot of people buying on this ride up, and the shorts have to cover even at a loss, so they drive the price up....how high can this stock go?

[vacuum]

Congrats on getting in the morning. I don't have the stomach for this situation, but hope you and others do well. GME is set to open over $200 in the next trading session tomorrow.

What's interesting, is I never even looked at Gamestop like Ares did. Now, they are all over the news. It's not just some reddit young guys driving this, there's me, you, and millions of others watching how this unfolds. I'm sure there's a lot of people buying on this ride up, and the shorts have to cover even at a loss, so they drive the price up....how high can this stock go?

If we can take this hedge fund down then it means a lot more than just making a couple bucks. Its like the prey is hunting the predator.

[Ares]

Where did you hear about gamestop back when it was that low?

I bought some shares this morning, not a ton, but they were up 90% today. Thinking of buying more but its already up 50% in after hours trading.

I read it from this article here:

https://www.fool.com/investing/2020/06/05/gamestops-new-management-wins-over-michael-burry-o.aspx

I knew Michael Burry had predicted the 2008 financial crisis so had a good track record but hesitated with the GME buy order... Looking back at it now I should have as it would have been one hell of a return at that price. lol

[vacuum]

They are SEETHING.

If they actually suspend trading on this, it will do more to kick off a civil war than stealing the presidential election.

Can you imagine a bunch of wall street bankers (who look like that guy) suspending trading when one of their hedge funds starts losing money from the little guys? Oh man...


https://www.youtube.com/watch?v=quARRzz0pnE

[vacuum]

Shit is hitting the fan in after market trading right now. Up over 100%.

[Hitch]

Shit is hitting the fan in after market trading right now. Up over 100%.

Because of all this, Gamestop is now classified as a large-cap stock, lol.

[Ares]

Because of all this, Gamestop is now classified as a large-cap stock, lol.

Rumors are Melvin Capital will be filing Bankruptcy by next week... Who can we collapse next? :-D

[EE_]

Rumors are Melvin Capital will be filing Bankruptcy by next week... Who can we collapse next? :-D

I don't think they can collapse until they've lost every last dollar of other people's money.

They are probably lying that they closed their position. Spokesman = paid liar

Hedge fund Melvin Capital has closed GameStop position -spokesman
CONTRIBUTOR
Svea Herbst-Bayliss Reuters
PUBLISHED
JAN 27, 2021 8:05AM EST

CREDIT: REUTERS/© MARIO ANZUONI / REUTERS
Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday.

BOSTON, Jan 27 (Reuters) - Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop GME.N, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday.

"Melvin Capital has repositioned our portfolio over the past few days. We have closed out our position in GME (GameStop)," the spokesman said in a statement.

The spokesman also said that the firm, once among Wall Street's best performers, is not collapsing. "The social media posts about Melvin Capital going bankrupt are categorically false," he said.

Earlier this week prominent hedge funds Citadel and Point72 Asset Management extended a $2.75 billion financial lifeline to the fund. People familiar with the fund said it lost almost 30% in the first three weeks of January.
https://www.nasdaq.com/articles/hedge-fund-melvin-capital-has-closed-gamestop-position-spokesman-2021-01-27

[Ares]

I don't think they can collapse until they've lost every last dollar of other people's money.

They are probably lying that they closed their position. Spokesman = paid liar

Hedge fund Melvin Capital has closed GameStop position -spokesman
CONTRIBUTOR
Svea Herbst-Bayliss Reuters
PUBLISHED
JAN 27, 2021 8:05AM EST

CREDIT: REUTERS/© MARIO ANZUONI / REUTERS
Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday.

BOSTON, Jan 27 (Reuters) - Hedge fund Melvin Capital Management, which had suffered heavy losses by betting against video game retailer GameStop GME.N, has closed out the position and repositioned the portfolio, a spokesman for the firm said on Wednesday.

"Melvin Capital has repositioned our portfolio over the past few days. We have closed out our position in GME (GameStop)," the spokesman said in a statement.

The spokesman also said that the firm, once among Wall Street's best performers, is not collapsing. "The social media posts about Melvin Capital going bankrupt are categorically false," he said.

Earlier this week prominent hedge funds Citadel and Point72 Asset Management extended a $2.75 billion financial lifeline to the fund. People familiar with the fund said it lost almost 30% in the first three weeks of January.
https://www.nasdaq.com/articles/hedge-fund-melvin-capital-has-closed-gamestop-position-spokesman-2021-01-27

HA, This was posted on WallStreetBets this morning:

Melvin capital have not closed their positions!! The volume is too low for it to be even possible. The short interest has not changed!

The squeeze has not been squoze.

FUCK YOU MELVIN AND FUCK YOU CITRON. WERE COMING AFTER YOUR SHORTS������

BUY THE DIP AND HOLD �� WERE HITTING 1000 FRIDAY

I LIKE THIS STOCK I WILL BUY MORE

https://www.reddit.com/r/wallstreetbets/comments/l62ue5/dont_fall_for_the_fake_bs_report_by_cnbc/

[Ares]

Melvin Capital Website is now offline... Uh oh... :D

https://melvincapital.com/

[Shami-Amourae]

Leaked audio clip from Melvin Capital:
https://vocaroo.com/1cv3hXwcRPAN

[Shami-Amourae]

Literally everyone on Twitter is now talking about going to Bitcoin + DeFi (Ethereum) after the blatant corruption with Wall Street and the trading apps auto selling their holdings and forcing them out.

Don't be shocked if Ethereum jumps to $2K very soon over this stuff. Polkadot should also explode of this. Get both.

Just a warning, they may try to do a massive dump and drive Bitcoin down to $20-25K, but it will explode straight up after that.

[Ares]

Hmmmm I hadn't thought of that as the reason they stopped the Buy orders today. Check this out:

30 Seconds From Triggering Market Nuclear Bomb

I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.

Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front:

We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes:

⁠Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.

⁠Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.

⁠Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-shitting fear.

⁠Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.

⁠At approximately 9:58 am, the stock had reached $468 in a parabolic move.

⁠Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.

⁠The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.

Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.

I saw an unsubstantiated post from a user (u/zshub) who said a market sell order executed at $2600 for him. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.

How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.

Listen to this to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.

Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link: https://www.youtube.com/watch?v=EH1EtiOhr6o

It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound.

TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win.

They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today.

https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/

[Shami-Amourae]

https://www.youtube.com/watch?v=ugkLNEhvj-Y

[Serpo]

Literally everyone on Twitter is now talking about going to Bitcoin + DeFi (Ethereum) after the blatant corruption with Wall Street and the trading apps auto selling their holdings and forcing them out.

Don't be shocked if Ethereum jumps to $2K very soon over this stuff. Polkadot should also explode of this. Get both.

Just a warning, they may try to do a massive dump and drive Bitcoin down to $20-25K, but it will explode straight up after that.

Still prescribing fake value, T is going to bring down BC because the dark ones are using it now

Just watch and see what happens this year to BC...........................Hint................s moldering ruins.


Nothing personal, its what is going to happen to BC.

[Serpo]

Hmmmm I hadn't thought of that as the reason they stopped the Buy orders today. Check this out:

30 Seconds From Triggering Market Nuclear Bomb

I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.

Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front:

We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes:

⁠Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.

⁠Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.

⁠Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-shitting fear.

⁠Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.

⁠At approximately 9:58 am, the stock had reached $468 in a parabolic move.

⁠Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.

⁠The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.

Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.

I saw an unsubstantiated post from a user (u/zshub) who said a market sell order executed at $2600 for him. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.

How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.

Listen to this to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.

Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link: https://www.youtube.com/watch?v=EH1EtiOhr6o

It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound.

TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win.

They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today.

https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/



But, but but, paper its so wonderful.

Shares are paper BS

BC isnt even paper, it is also BS

Gold and Silver are REAL and so are not BS.

[Serpo]

For decades, the big fish on Wall Street have been able to do virtually anything that they want, but now the small fish are fighting back and it has been a beautiful thing to watch. Finally it is payback time, and the losses have been absolutely staggering. In fact, Reuters is reporting (https://www.reuters.com/article/us-retail-trading-shortbets-idUSKBN29X1SW) that short sellers have lost more than 70 BILLION dollars so far this year. But nobody should be crying for the short sellers. As Charles Payne pointed out during an epic rant on Fox Business (http://themostimportantnews.com/charles-payne-sounds-off-on-wall-st-over-gamestop-all-of-this-whining-is-making-me-sick/), the short sellers have ruthlessly crushed countless businesses over the years, and they did so without showing any mercy whatsoever.
So now the big hedge funds want mercy themselves?
It’s not likely to happen.
After sending GameStop, AMC and other beleaguered stocks into the stratosphere, now investors on Reddit are talking about going after a really huge whale.
The silver market is perfectly primed for an epic short squeeze, and a coordinated assault by retail investors could make it happen.
The following is an excerpt from the post on the “WallStreetBets” Reddit subgroup that everyone is talking about (https://www.reddit.com/r/wallstreetbets/comments/l6novm/the_real_dd_on_slv_the_worlds_biggest_short/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)…

The silver futures market has oscillated between having roughly 100-1 and 500-1 ratio of paper traded silver to physical silver, but lets call it 250-1 for now. This means that for every 250 ounces in open interest in the futures market, only 1 actually gets delivered. Most traders would rather settle with cash rather than take delivery of thousands of ounces of silver and have to figure out to store and transport it in the future.
The people naked shorting silver via the futures markets are a couple of large banks and making them pay dearly for their over leveraged naked shorts would be incredible. It’s not Melvin capital on the other side of this trade, its JP Morgan. Time to get some payback for the bailouts and manipulation they’ve done for decades (look up silver manipulation fines that JPM has paid over the years).
The way the squeeze could occur is by forcing a much higher percentage of the futures contracts to actually deliver physical silver. There is very little silver in the COMEX vaults or available to actually be use to deliver, and if they have to start buying en masse on the open market they will drive the price massively higher. There is no way to magically create more physical silver in the world that is ready to be delivered. With a stock you can eventually just issue more shares if the price rises too much, but this simply isn’t the case here. The futures market is kind of the wild west of the financial world. Real commodities are being traded, and if you are short, you literally have to deliver thousands of ounces of silver per contract if the holder on the other side demands it. If you remember oil going negative back in May, that was possible because futures are allowed to trade to their true value. They aren’t halted and that’s what will make this so fun when the true squeeze happens.
That post has already been upvoted more than 9,400 times, and it appears that a consensus is building that this is going to be the next big thing after the raid on GameStop short sellers is done.
On Thursday, the price of gold was up 4.5 percent in anticipation that something might happen, and much of that price movement was apparently caused by short sellers that feverishly rushed to close their positions (https://in.investing.com/news/precioussilver-lights-up-as-traders-seek-cover-from-attempted-squeeze-2584193)…

“After watching GameStop (NYSE:GME) and other shorts getting blasted, rumours that silver could be targeted has traders preemptively covering shorts just in case,” said Tai Wong, a trader at investment bank BMO in New York.
As Eric King has pointed out (https://kingworldnews.com/reddit-silver-shocker-reddit-traders-now-targeting-silver-gamestop-traded-82-3-billion/), if Reddit investors really do decide to go all-in on silver, they could do some serious damage…

“Chris, I just calculated the last 4 trading days in GameStop (GME) in dollar terms and it totals $82.3 billion. I think annual silver production is roughly 1 billion ounces and at current prices that would total about $25 billion. That means yesterday’s trading volume in GameStop of $29.9 billion would have purchased more than the entire annual silver mine production! And the last 4 trading days in GameStop ($82.3 billion in dollar terms) would have purchased more than a staggering 3-times the entire annual global silver mine production! This type of buying would obviously create one hell of a violent short squeeze in the silver market.”
Of course the other side doesn’t exactly play fair.
On Thursday, Robinhood and other trading platforms suddenly restricted trading in some of the key stocks that retail investors have been targeting (https://www.foxbusiness.com/markets/trading-app-robinhood-blocks-users-buying-gamestop-other-stocks)…

Shares of AMC Entertainment Holdings, BlackBerry Ltd., Bed Bath & Beyond Inc., Express Inc., GameStop Corp., Koss Corp., Naked Brand Group and Nokia Corp. have been restricted to “position closing only,” Robinhood said in a blog post.
The decision means traders cannot initiate new positions in shares of those companies and can only sell existing holdings. The company also raised margin requirements for certain securities.
There are allegations that Robinhood and other trading platforms were persuaded to shut down trading in those stocks by the big fish on Wall Street, but Robinhood and the other trading platforms are denying this.
And Robinhood is also denying that it forced some users to suddenly dump their shares in GameStop and other key stocks (https://www-theverge-com.cdn.ampproject.org/c/s/www.theverge.com/platform/amp/2021/1/28/22254857/robinhood-gamestop-amc-shares-sold-surprised-users)…

No, Robinhood tells The Verge, it didn’t sell off full shares of GameStop, AMC, and other buzzy stocks (https://www.theverge.com/22251427/reddit-gamestop-stock-short-wallstreetbets-robinhood-wall-street) without permission from its traders.
That contradicts the stories of twelve people who spoke with The Verge, saying that the app unexpectedly sold off their holdings in some of these companies. Quite a number of Robinhood users expressed their surprise on social media today that the app was selling off their stakes, and we tracked down a dozen of them. These traders didn’t believe they had prompted the sales, and they said they weren’t aware of anything on their account that would have automatically triggered them.
Hopefully authorities will investigate and get to the bottom of what actually happened.
At this point, Robinhood has already been slapped with two lawsuits (https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult?sref=ZMFHsM5Z) because of what took place on Thursday…

Two Robinhood users filed separate lawsuits against the brokerage app Thursday after it and other apps restricted trading of certain securities.
The first lawsuit filed in the Southern District Court of New York alleges that Robinhood “purposefully, willingly, and knowingly” restricted certain securities transactions, including GameStop. The other filed in the Northern District Court of Illinois alleges that the app manipulated its platform.
And it is being reported (https://www.msn.com/en-us/money/markets/u-s-congress-to-hold-hearings-on-gamestop-trading-state-of-stock-markets/ar-BB1dbM1c) that the House and the Senate will both be holding hearings on the matter…

The U.S. House Financial Services and Senate Banking committees said on Thursday they will hold hearings on the stock market after users of investment apps faced trading limits following the “Reddit rally” that put a charge into GameStop and other volatile stocks that were touted in online forums.
“We must deal with the hedge funds whose unethical conduct directly led to the recent market volatility and we must examine the market in general and how it has been manipulated by hedge funds and their financial partners to benefit themselves while others pay the price,” said Representative Maxine Waters, a Democrat who heads the House panel.
After everything that just went down, I don’t know how Robinhood is going to survive.
There are also rumors of a “liquidity crisis” at Robinhood, but the company insists that those rumors are simply not true.
Meanwhile, the firm has “tapped at least several hundred million dollars” (https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult?sref=ZMFHsM5Z) in emergency credit in recent days…

Robinhood Markets, the trading app that’s popular with investors behind this month’s wildest stock swings, has drawn down some of its bank credit lines to ensure it has enough cash to clear trades, according to people with knowledge of the matter.
The firm, according to one of the people, has tapped at least several hundred million dollars, a significant amount of money for a firm that was valued at about $12 billion a few months ago. Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg. Representatives for Robinhood and those banks declined to comment.
I have a feeling that this story is not going to end well for Robinhood.
But for the retail investors that are changing the course of history, this is truly an amazing time.
Finally, the small fish are standing up for themselves and are fighting back against the big fish, and the big fish have good reason to be quite scared.

http://theeconomiccollapseblog.com/now-reddit-investors-are-talking-about-targeting-silver-and-that-could-change-everything/

[EE_]

I'm loving this. If wallstreetbets are pulling this off, I'm with them! It feels like crazy things are about to happen.

[Shami-Amourae]

https://twitter.com/Cernovich/status/1355193685185449988
"Elizabeth Warren sent a letter to the SEC asking them to investigate Reddit and social media posts."

https://twitter.com/SenWarren/status/1355187260514250754
"Hahahaha as I said Warren is drafting legislation to attack the Reddit traders."


tl;dr: The UniParty is now defending hedge funds to stop Retail investors from ganging up on them since anti-Semitism or something. People will cheer for this since the UniParty and Media say so to fight White Supremacy or something.

[Hitch]

Reddit WSB has their own website now. It's a good read.

Is the squeeze squoze yet?

http://isthesqueezesquoze.com/

[Half Sense]

I'm loving this. If wallstreetbets are pulling this off, I'm with them! It feels like crazy things are about to happen.


wallstreetbets autists are turning $600 COVID payments into speedboats and houses.

[Dachsie]

https://www.youtube.com/watch?v=K32XejdUmy0

Or new Treasury secretray, Janet Yellen, has accepted some kind of $800,000 payment from the hedge fund involved in this mess.

[vacuum]

I've been following this thing pretty closely, and I am holding some shares I bought earlier in the week.

I think its over and will crash next week without going to the moon.

The squeeze began happening on Thursday, and it was shut down by the brokerages.

The real killer is that call options have been restricted, and hence there can be no more gamma squeeze going forward to force a short squeeze. Yes, the shorts are still like at 200% of the available stock right now, but I think a lot of those are at high prices in the $300 something range.

If options weren't restricted then the stock would have been over $1000 today.

I'm probably going to sell everything on Monday. If you are holding any of this stock, consider at least selling enough to break even if it were to crash.

The media has been hyping it and a lot of people are going to lose a lot of money, and there will be massive fallout from this whole thing. Hopefully there will be big lawsuits.

[Half Sense]

The banksters will never let Pelosi put another $1400 in your pocket. They know everyone's ready to pile into the next wall street takedown scheme.

[EE_]

https://www.youtube.com/watch?v=nsy9QWAlHnI

[EE_]

Wall Street is a big fan of bitcoin. What do you think would happen if they allowed people to buy stocks with bitcoins? Wouldn't that unleash billions of dollars to flow into the stock market? I would think is would be a good way to turn bitcoins into cash when you sell.

[Shami-Amourae]

Wall Street is a big fan of bitcoin.

No they aren't. Crypto literally means the end of Wall Street. It's the end of all central banks. It's the end of banks. It's the end of MONEY CHANGERS.

Wall Street loves fiat since the government can print it at will and launder it to rich people through Wall Street.

Wall Street dies if crypto becomes mainstream. Crypto means the end of authoritarianism and the perma-freedom throughout the world. It's literally the weak point of the Death Star.






Former Goldman Sachs executive who flipped sides and has joined Crypto to destroy Wall Street:

https://www.youtube.com/watch?v=Z7RqmxLyS2Y
I strongly recommend you watch this. You'll understand why I was trying to tell you guys Cypherpunks versus Technocrats.

[EE_]

No they aren't. Crypto literally means the end of Wall Street. It's the end of all central banks. It's the end of banks. It's the end of MONEY CHANGERS.

Wall Street loves fiat since the government can print it at will and launder it to rich people through Wall Street.

Wall Street dies if crypto becomes mainstream. Crypto means the end of authoritarianism and the perma-freedom throughout the world. It's literally the weak point of the Death Star.

Former Goldman Sachs executive who flipped sides and has joined Crypto to destroy Wall Street:
I strongly recommend you watch this. You'll understand why I was trying to tell you guys Cypherpunks versus Technocrats.

Maybe Wall Street doesn't like cryptos, but they sure have been pumping bitcoin for a while now.

I don't hear enough discussion on what it will mean when the government introduces USDcoin?

The other thing I see is the crypto people buying/holding many different coins. One of the benefits of bitcoin is it's finite supply. Buying all these other coins kinda defeats the supply benefit.

I don't know who the Jewish "expert" guy in the video is?

[Hitch]

I don't hear enough discussion on what it will mean when the government introduces USDcoin?

The other thing I see is the crypto people buying/holding many different coins. One of the benefits of bitcoin is it's finite supply. Buying all these other coins kinda defeats the supply benefit.

You, me, and most of the folks on this forum aren't going to have the time or energy to outsmart, or even keep up, with these young folks and their crypto.

But, look at what they've been able to do...drop billion dollar hedge funds to their knees in losses. They took on some of the big dogs, and won. My hat is off to them. I sure hope they go after silver.

But anyway, cryptos are here to stay. There could be thousands of them, all with pluses and minuses, traded going up and down based upon trends. But the one thing I do like, is the decentralization. Money, is used to change hands, trade goods and services. Let's support this, imo, there should be a checks and balances on the FED, and crypto is the best way to do that currently. Oh, and buy gold and silver for insurance if everything collapses. Sorry, your thumb drive with crypto means nothing to me for my cans of beans if you are hungry.

[EE_]

You, me, and most of the folks on this forum aren't going to have the time or energy to outsmart, or even keep up, with these young folks and their crypto.

But, look at what they've been able to do...drop billion dollar hedge funds to their knees in losses. They took on some of the big dogs, and won. My hat is off to them. I sure hope they go after silver.

But anyway, cryptos are here to stay. There could be thousands of them, all with pluses and minuses, traded going up and down based upon trends. But the one thing I do like, is the decentralization. Money, is used to change hands, trade goods and services. Let's support this, imo, there should be a checks and balances on the FED, and crypto is the best way to do that currently. Oh, and buy gold and silver for insurance if everything collapses. Sorry, your thumb drive with crypto means nothing to me for my cans of beans if you are hungry.

Supporting cryptos could mean a cashless society sooner rather then later. Are you ready for that?

[Shami-Amourae]

but they sure have been pumping bitcoin for a while now.

They're mostly shorting it right now. There's chips in the establishments armor bit by bit as rich people and corporations decide to jump ship once they realize the inevitable.


I don't hear enough discussion on what it will mean when the government introduces USDcoin
That won't be crypto (decentralized). It will just be fiat, repackaged.

[Shami-Amourae]

Supporting cryptos could mean a cashless society sooner rather then later. Are you ready for that?

Digitization of everything is inevitable.

It's like when the automobile replaced the horse. We are entering a new phase of civilization where all fundamentals and standards will be turned on their heads.

The question is do you want the world to be centrally controlled/planned or decentralized/free? Not picking a side is siding with the technocrats.

[Hitch]

Supporting cryptos could mean a cashless society sooner rather then later. Are you ready for that?

Nope, not ready at all for that. But, I'd rather have a decentralized cashless society, than a cashless society forced upon us by .gov or the fed. We already know they hate cash anyways. Maybe having cryptos around, will actually even keep cash around longer.

Do you think .gov could beat cryptos and these young folks who are against the system? Who should we support?

[EE_]

Nope, not ready at all for that. But, I'd rather have a decentralized cashless society, than a cashless society forced upon us by .gov or the fed. We already know they hate cash anyways. Maybe having cryptos around, will actually even keep cash around longer.

Do you think .gov could beat cryptos and these young folks who are against the system? Who should we support?

Cash will have to stay around, or the government will have to go digital. You will always need both, because the government is not likely to accept bitcoin for anything related to government, taxes, services etc. I'm just wondering what that world will be like. What if the government doesn't exchange bitcoin for USDcoins in the new cashless world? How will you cash in your bitcoins? What if you have to pay all your bills, utilities, etc. in USDcoins?

[Hitch]

What if the government doesn't exchange bitcoin for USDcoins in the new cashless world? How will you cash in your bitcoins?

That's a great question. All .gov and the media would have to do is demonize bitcoin, and all cryptos as "being racist, or evil, the problem, etc." maybe a mass shooting is needed to push the agenda. Then, pass laws making transactions illegal. 99% of the population would abide.

Shami? Thoughts on that?

[Shami-Amourae]

What if the government doesn't exchange bitcoin for USDcoins in the new cashless world?

I doubt they would, since they'd risk 100% adoption of crypto if that were to happen, meaning the US government would collapse quickly. The "FedCoin" would become worthless very fast. If they tried, they'd reverse course quickly once they saw the consequences.
The recent fiasco with Wall Street caused basically all of the US crypto exchanges to crash due to new sign ups. Once all of these new people get their accounts linked to their banks (1-2 weeks) expect to see some serious fireworks. Each time the government/institutions push back on crypto, it blows up in their faces harder.

If they tried it like many countries have before, it will tank the new dollar and new services/decentralized payment options will emerge for crypto, meaning people wouldn't need to convert to USD. Frankly the only thing you need the USD for now is paying taxes and paying mortgages. You can do everything else with crypto. Every country that tries to ban crypto lifts the ban quickly once they feel the burn of how it hurts their currency.

Right now Visa is setting up to incorporate crypto into all existing Visa accounts. That means you can use your existing Visa credit card to also spend crypto with (you'd deposit into your account). PayPal already does this now by the way.
Skip to 3:15

https://www.youtube.com/watch?v=ydi5k4uRPmw
The government/institutions/corporations will be forced to adopt crypto, or collapse. This train has no breaks.


The most likely scenario is they'll allow crypto with strict KYC requirements to buy/sell from their FedCoin.

[vacuum]

important video

Basically, he thinks the entire system may be on the verge of systemic failure.


https://www.youtube.com/watch?v=0djML2CX7ik

[EE_]

I doubt they would, since they'd risk 100% adoption of crypto if that were to happen, meaning the US government would collapse quickly. The "FedCoin" would become worthless very fast. If they tried, they'd reverse course quickly once they saw the consequences.
The recent fiasco with Wall Street caused basically all of the US crypto exchanges to crash due to new sign ups. Once all of these new people get their accounts linked to their banks (1-2 weeks) expect to see some serious fireworks. Each time the government/institutions push back on crypto, it blows up in their faces harder.

If they tried it like many countries have before, it will tank the new dollar and new services/decentralized payment options will emerge for crypto, meaning people wouldn't need to convert to USD. Frankly the only thing you need the USD for now is paying taxes and paying mortgages. You can do everything else with crypto. Every country that tries to ban crypto lifts the ban quickly once they feel the burn of how it hurts their currency.

Right now Visa is setting up to incorporate crypto into all existing Visa accounts. That means you can use your existing Visa credit card to also spend crypto with (you'd deposit into your account). PayPal already does this now by the way.
The government/institutions/corporations will be forced to adopt crypto, or collapse. This train has no breaks.
The most likely scenario is they'll allow crypto with strict KYC requirements to buy/sell from their FedCoin.

1. You don't think the evil cabal government hasn't been planning to go digital?
2. Why would the gov. collapse if they went digital now and started converting dollars into Fedcoins. They could start calling in dollars immediately and give a 1 year timeline to turn in your dollars.
3. I believe the gov could deny bitcoin to be converted into Fedcoin...why would they want the competition?
4. If they announced the introduction of Fedcoin (not redeemable in bitcoin), imagine how quick bitcoin holders would be cashing out their coins for dollars, while there are still dollars in circulation.
5. I don't think it would be hard for the Fed to go digital now. Everyone on welfare is on ebt cards, everyone else has debit cards, credit cards, smart phones...we are almost digital now. They just might cut out any cryptos outside of the fedcoin. With one stroke of the pen, the death of roguecoins will be done.
We are living in unprecedented times and we are under CCP rule.

PS: I'll be looking forward to shami's reply to my thoughts on why the gov could kill bitcoin.

[ImaCannin]

important video

Basically, he thinks the entire system may be on the verge of systemic failure.


https://www.youtube.com/watch?v=0djML2CX7ik

Is this whole Gamestock thing part of the planned demolition of the stock market? If all these hedge funds go poof, how many retirees / investors will it wipe out?

Order out of chaos!

[EE_]

Is this whole Gamestock thing part of the planned demolition of the stock market? If all these hedge funds go poof, how many retirees / investors will it wipe out?

Order out of chaos!

I imagine the CCP occupied gov will invoke some kind of emergency orders and shut the market down before it gets that far. What happens next is anyone's guess.

[ImaCannin]

The CCP occupied governments foot will probably slip off the brake and lots of damage will occur!

I can see it now!

Oppsy! Sorry all you upper middle class dumb asses, you need to get in the free food line now because all your investments went up in a puff of smoke when the braking system failed!

What an awesome way to blame someone else for tanking the stock market....

[RatHoler]

^
That scenario has crossed my mind as well.

For years I could never understand what the benefits for TPTB was to have the banking system implode along with a massive market crash. Sure, they would gobble up all of the plebs life savings for one last HUGE haul, but the Goyim wouldn't use banks again as we know it or invest in the stock market for at least 2-3 generations. Well, that thinking of mine has been eschewed because the last decade has brought the now expedited theory that cash will be gone and digital dollars will be the only game in town.

Therefore, they will hold all of our "wealth" because there will be no mattress stuffing or PM holding. We will have no choice but to pay them a fee to hold our DD! We'll have a window to turn all of our currency in before it truly becomes just worthless paper. Lose what we now call twenty bucks to your buddy on a friendly wager? Guess what: Both of you will be charged (taxed) for that simple transaction between your digital accounts. DD will eliminate the private sale of everything. These stupid fucking Millennials and Zoomers never consider that when they continue to use their debit cards for every purchase. Unfortunately they're the brainwashed future that will gladly usher in the DD era.

PM's will either be confiscated and/or hit with such a huge capital gains tax that they'll be rendered a waste of time and/or not a store of wealth. I do give credit to guys like Shami, Ares, and others that are trying to front run the crypto sector, but eventually that will be controlled by Uncle Irving as well. The bottom line is that the casino always wins in the long run.

At what price do you guys sell some or all of your PM stash before we go digital? I know many will say never or that you're passing it down to children or grand kids, but has anyone else considered an exit strategy before we go digital/confiscation? To me the only way right now is to find a private buyer that pays with cash which is easier said then done. It would be hard for me to continue to hold all of my silver if it goes to $100

Other hard assets including guns & ammo will be banned or taxed into extinction. Real estate will eventually also be completely controlled by them. Food and water will be pushed to the front of the line, as it should be, in trying to live a life where you're not depending on help from someone else or the government.

Yes, I'm painting a bleak scenario of hopelessness and despair because there will no recourse if it comes to fruition.
Someone please give me a reasonable alternative scenario of hope before I grab my ankles.........

[EE_]

Billionaire CRIES on National TV Because POOR PEOPLE Made MONEY Buying GameStop Stock (GME)


https://www.youtube.com/watch?v=nhd0ppxRRlo&feature=emb_title

[Tumbleweed]

^. That video above reminded me of this one. :)





https://www.youtube.com/watch?v=yge311sFhC8

[woodman]

This whole thing will merely be used to consolidate the grip of the financial elite. Bills will be passed. Rules will be changed. The rich will get richer and the poor will have less choices. Just watch, they will let no crisis go to waste.

The SILVER SQUEEZE: Eat My Shorts - GoldSilver.com (https://goldsilver.com/blog/the-silver-squeeze-eat-my-shorts/?utm_campaign=20210128_Mike_Video_Newsletter_Silve r_Squeeze_Eat_My_Shorts&utm_content=touchpoint_1_newsletter&utm_medium=email&utm_source=zaius)

[Ares]

This whole thing will merely be used to consolidate the grip of the financial elite. Bills will be passed. Rules will be changed. The rich will get richer and the poor will have less choices. Just watch, they will let no crisis go to waste.

The SILVER SQUEEZE: Eat My Shorts - GoldSilver.com (https://goldsilver.com/blog/the-silver-squeeze-eat-my-shorts/?utm_campaign=20210128_Mike_Video_Newsletter_Silve r_Squeeze_Eat_My_Shorts&utm_content=touchpoint_1_newsletter&utm_medium=email&utm_source=zaius)

Very likely, but it does one very important thing. It exposes them and exposes them big time. 2008/2009 only those who looked for truth and were already awake saw it. Now imagine you came across a way to stick it to the man and he changed the rules when he started losing.

That will expose an entire much larger generation to the fraud of wall street.

I have my popcorn. Do you? :)

[vacuum]

This whole thing will merely be used to consolidate the grip of the financial elite. Bills will be passed. Rules will be changed. The rich will get richer and the poor will have less choices. Just watch, they will let no crisis go to waste.

The SILVER SQUEEZE: Eat My Shorts - GoldSilver.com (https://goldsilver.com/blog/the-silver-squeeze-eat-my-shorts/?utm_campaign=20210128_Mike_Video_Newsletter_Silve r_Squeeze_Eat_My_Shorts&utm_content=touchpoint_1_newsletter&utm_medium=email&utm_source=zaius)

Video:


https://www.youtube.com/watch?v=Jq0L5LOqLAU

[EE_]

1. You don't think the evil cabal government hasn't been planning to go digital?
2. Why would the gov. collapse if they went digital now and started converting dollars into Fedcoins. They could start calling in dollars immediately and give a 1 year timeline to turn in your dollars.
3. I believe the gov could deny bitcoin to be converted into Fedcoin...why would they want the competition?
4. If they announced the introduction of Fedcoin (not redeemable in bitcoin), imagine how quick bitcoin holders would be cashing out their coins for dollars, while there are still dollars in circulation.
5. I don't think it would be hard for the Fed to go digital now. Everyone on welfare is on ebt cards, everyone else has debit cards, credit cards, smart phones...we are almost digital now. They just might cut out any cryptos outside of the fedcoin. With one stroke of the pen, the death of roguecoins will be done.
We are living in unprecedented times and we are under CCP rule.

PS: I'll be looking forward to shami's reply to my thoughts on why the gov could kill bitcoin.

bump for shami

[Shami-Amourae]

Boomer seething intensifies...

https://www.youtube.com/watch?v=ig9XqztsKLA

[Ares]

Boomer seething intensifies...

https://www.youtube.com/watch?v=ig9XqztsKLA

The Seething is hilarious, the wall street chumps got backed into a corner with GME, Silver, etc and are pissed that the "little guy" has figured out the fraud.... The game is rigged, that much is clear. The more rigging that is exposed the less trust people have in said system.

I bought Gold / Silver years ago, so I have my position. Now I'm just sitting back and watching the show.

[vacuum]

I've been following this thing pretty closely, and I am holding some shares I bought earlier in the week.

I think its over and will crash next week without going to the moon.

The squeeze began happening on Thursday, and it was shut down by the brokerages.

The real killer is that call options have been restricted, and hence there can be no more gamma squeeze going forward to force a short squeeze. Yes, the shorts are still like at 200% of the available stock right now, but I think a lot of those are at high prices in the $300 something range.

If options weren't restricted then the stock would have been over $1000 today.

I'm probably going to sell everything on Monday. If you are holding any of this stock, consider at least selling enough to break even if it were to crash.

The media has been hyping it and a lot of people are going to lose a lot of money, and there will be massive fallout from this whole thing. Hopefully there will be big lawsuits.

Well I think I called it. Should have taken my own advice and sold in the morning, but I did sell after hours today at $180.

Should be a bloodbath tomorrow.