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GameStop Infinite Money Glitch Explained
01-28-2021, 09:23 AM
Post: #1
GameStop Infinite Money Glitch Explained







“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.”
― Leonardo da Vinci
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01-28-2021, 10:09 AM
Post: #2
RE: GameStop Infinite Money Glitch Explained
this incident will be made into a movie

when reddit trolls defeated the hedge funds
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01-28-2021, 10:11 AM
Post: #3
RE: GameStop Infinite Money Glitch Explained
this is completely legal behavior

short selling is what should be banned

fucking idiots halted the stock on many platforms
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01-28-2021, 10:59 AM
Post: #4
RE: GameStop Infinite Money Glitch Explained
Discord banned Wallstreetbets for hate speech.


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01-28-2021, 11:02 AM
Post: #5
RE: GameStop Infinite Money Glitch Explained
(01-28-2021 10:09 AM)EVILYOSHIDA Wrote:  this incident will be made into a movie

when reddit trolls defeated the hedge funds
Aaron Russo made a similar movie about some misfits who took on a couple crooked short-selling brokers.



“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.”
― Leonardo da Vinci
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01-28-2021, 11:23 AM
Post: #6
RE: GameStop Infinite Money Glitch Explained
(01-28-2021 10:09 AM)EVILYOSHIDA Wrote:  this incident will be made into a movie

when reddit trolls defeated the hedge funds

Nobody has been 'defeated'.

This will be used by TPTB to pass massive legislation, probably will limit Main Street from even buying shares, or only allowing Main St. to buy S&P, Nasdaq, but nothing that isn't listed on the major exchanges.

No more options, no more shorting (for the little guy).

Maybe they crash the market and blame Trump and these kids.
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01-28-2021, 12:06 PM
Post: #7
RE: GameStop Infinite Money Glitch Explained
(01-28-2021 11:23 AM)Chaos Reigns Wrote:  
(01-28-2021 10:09 AM)EVILYOSHIDA Wrote:  this incident will be made into a movie

when reddit trolls defeated the hedge funds

Nobody has been 'defeated'.

This will be used by TPTB to pass massive legislation, probably will limit Main Street from even buying shares, or only allowing Main St. to buy S&P, Nasdaq, but nothing that isn't listed on the major exchanges.

No more options, no more shorting (for the little guy).

Maybe they crash the market and blame Trump and these kids.
seems like more of the same ol' problem-reaction-solution.

“There are three classes of people: those who see. Those who see when they are shown. Those who do not see.”
― Leonardo da Vinci
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01-28-2021, 12:09 PM
Post: #8
RE: GameStop Infinite Money Glitch Explained
[Image: 143371876-10164592810000401-3610753599034348475-n.jpg]
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01-28-2021, 03:34 PM
Post: #9
RE: GameStop Infinite Money Glitch Explained
(01-28-2021 11:23 AM)Chaos Reigns Wrote:  
(01-28-2021 10:09 AM)EVILYOSHIDA Wrote:  this incident will be made into a movie

when reddit trolls defeated the hedge funds

Nobody has been 'defeated'.

This will be used by TPTB to pass massive legislation, probably will limit Main Street from even buying shares, or only allowing Main St. to buy S&P, Nasdaq, but nothing that isn't listed on the major exchanges.

No more options, no more shorting (for the little guy).

Maybe they crash the market and blame Trump and these kids.

melvin capital closed their position. they lost their shirt.

the reddit guys won

what these guys did was legal. it's called a short squeeze.
you cannot stop people from deciding to buy a stock together with publicly available knowledge.

Those who know, know! Big Grin
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01-28-2021, 03:36 PM
Post: #10
RE: GameStop Infinite Money Glitch Explained
Quote:Galvin also argued that the situation threatens to “undermine” the financial market, calling the movement in GameStop’s share price “irrational.”

Tesla's stock price is irrational.

these idiots are pretending like they care about little retail guys losing money.

Why don't you ban casinos then?

ban the lottery.

fucking idiots

this is COMPLETELY LEGAL BEHAVIOR

and the LITTLE GUYS WON THIS TIME
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01-28-2021, 04:09 PM
Post: #11
RE: GameStop Infinite Money Glitch Explained
The Melvin guys have closed their position, the reddit Wallstreetbets guys have NOT closed their position yet.

And they are holding OPTIONS.

Who is gonna buy the long dated call options from them???
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01-28-2021, 04:12 PM
Post: #12
RE: GameStop Infinite Money Glitch Explained
well it was a move to fuck with wall street

not all of their positions are calls

people who bought the publicly traded shares can make out like bandits now

anyhow they caused MASSIVE LOSSES for one of the guys at SAC Capital
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01-28-2021, 04:15 PM
Post: #13
RE: GameStop Infinite Money Glitch Explained
From what I heard, the move by reddit/4chan was to buy the options, and then the brokerages would buy the shares, (to hedge their bet from selling the call) and that is what caused the short squeeze.

I am sure they bought some equity as well, but either way, they are gonna run into real trouble trying to sell at whatever price they think they 'deserve'.
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01-28-2021, 04:18 PM
Post: #14
RE: GameStop Infinite Money Glitch Explained
the massive move is being caused by the short sellers COVERING which is BUYING the underlying equity

so it creates immense buying pressure, so they can make out like bandits

this is completely

it is SHORT SELLING that should be illegal or curtailed
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01-28-2021, 04:20 PM
Post: #15
RE: GameStop Infinite Money Glitch Explained
https://twitter.com/i/status/1354589231960743936

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