New GameStonk thread

Discussion in 'Stocks & Derivatives' started by jultorsk, Jan 29, 2021.

  1. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    [QUOTE="silverhair, post: 1189726, member: 38573"
    Knock them all you like but the fact is they caught the hedge fund boomers with their pants down and now wall street is crying foul because Wall Street only likes the game when they are the ones winning.
    [/QUOTE]

    Liked for genuine opinion.

    "Fact check" though: Melvin Capital founder Gabriel Plotkin is 42 (he's GenX, not Boomer). Plotkin founded Melvin Capital in 2014.
     
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  2. Jason1

    Jason1 Well-Known Member

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    edit, nope
     
    Last edited: Jan 30, 2021
  3. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Burry (of the Big Short fame):

    Screen Shot 2021-01-31 at 12.12.44 am.png
    ----:cool:---:cool:---:cool:---:cool:---:cool:---
    Screen Shot 2021-01-30 at 4.46.32 pm.png
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    This will be like any other revolution. Very few standing up to fight while it goes over the others heads haha.
     
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  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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  6. dozerz

    dozerz Well-Known Member Silver Stacker

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    another thing this gamestop event has exposed is where the corruption lies, do you watch and trust cnbc?

     
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  7. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  8. dozerz

    dozerz Well-Known Member Silver Stacker

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    long video but explains well what happened with robinhood, sbf says gme market cap could hit 1 tril.

     
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  9. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    That would be a sight to see; but as he also notes - what's preventing $GME from "selling out" like Hertz did and issuing a gazillion new stonks? Wouldn't that be the rational thing to do?
     
  10. dozerz

    dozerz Well-Known Member Silver Stacker

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    they will most certainly be planning some type of issuance, most likely to pivot the business and could become the netflix of games, just have to get it past the scc.
     
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  11. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Unfortunately that would pretty much destroy the "diamond hands" dream then wouldn't it - their holdings will dilute and losses will be commensurate to the issue price of the new share, right? Could happen next week or any day now.
     
  12. silverhair

    silverhair Well-Known Member

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    Big instos hold 70% of GME, they wont like their investment being watered down and GME really does not hold any problematic debt after last quarters results including an 800% increase in online sales. GME paid down almost half their debt pile and paid ahead of time. Another consideration in this area is now the shorts are on the run, it wont be hard for GME to raise capitol especially not with the revitalized board and turn around strategy working.

    They also have 65 million customers, 5000 stores and 14000 staff. Its very easy to shut down underperforming stores. its nothing like the way the HF shorters tried to paint them.

    It seems to me that its a hell of a lot easier for GME to become an Amazon of gaming then it is for anyone else.

    And to quote Charmath, who cares if a few hedge funds fail or a few family offices go underwater, WHO CARES!
     
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  13. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    The little guys cannot be allowed to win, there are too many of us.

    J.jpg
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Saw an article on CNBC about the systematic risk from GME. Sounds ridiculous, why no one is talking about the systematic risk with big tech and Tesla worth 10 trillion dollars?
     
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  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Don't worry, the US Govt will step in and protect the average investor.........???

    Maxine (Batshit Crazy) Waters heads the committee that lead the charge. Sit back and watch the theatre as blame to passed to the retail / average man on the street for taking on Wall Street. Maxine won't bite the hand that feeds her. https://www.politico.com/story/2019/04/15/maxine-waters-wall-street-1357237

    https://www.rt.com/usa/514156-robinhood-waters-financial-contributions/

    Robinhood execs' contributions to House Financial Service panel leaders under scrutiny as hearing over GameStop saga announced
    31 Jan, 2021 00:27 / Updated 1 hour ago

    [​IMG]
    FILE PHOTO: U.S. Rep. Maxine Waters (D-CA) and Rep. Patrick McHenry (R-NC) before a House Financial Services Committee hearing, April 9, 2019. © REUTERS/Aaron P. Bernstein

    Robinhood co-founders channeled the maximum sum allowed to the campaigns of the chiefs of the House Committee on Financial Services last year, it has been revealed. The panel is poised to investigate the GameStop craze.

    Federal records, dug up by the media in light of the continuing massacre of hedge funds by retail investors using trading apps like Robinhood and Webull, has showed that Robinhood CEO Vlad Tenev and the app co-founder Baiju Bhatt contributed $2,800 each to the campaigns of Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and top Republican on the committee, Patrick McHenry (R-NC), last October.

    Under the federal law, $2,800 is the maximum allowed amount an individual donor can contribute to a candidate’s committee in the current election cycle.

    Apart from this, both Tenev and Bhatt funneled $1,200 each to Innovation Political Action Committee, linked to McHenry, and to People Helping People, which, in turn, is associated with Waters. Tenev and Bhatt also donated $2,800 to WINRED, an online fundraising platform, endorsed by the Republican National Committee.

    Sorry to any Robert McHenrys, this should be Patrick McHenry. Thx to @ff_ff8008ff_ff for the correction.Not only did Vladimir Tenev & Baiju Bhatt make exactly the same political contributions, these are their *only* political contributions.https://t.co/GE8gXu4oBc

    — Jon Schwarz (@schwarz) January 30, 2021
    All of the contributions were made in the span of several days in October and appear to be the only political activity from the Robinhood execs to have ever left a footprint in the federal records.

    The scoop was first reported by Mediaite and the Intercept’s Jon Schwarz on Saturday, two days after Waters announced the committee will hold a hearing “on short selling” and “online trading platforms” in view of the Gamestock and other heavily shorted stocks trading bonanza.

    Reached by Mediate, spokesperson for Waters did not comment on what some critics deem a potential conflict of interest, citing her only statement on the issue instead.

    Click link for rest of article.
     
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  16. alor

    alor Well-Known Member Silver Stacker

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  17. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    From the talk on Reddit amc and gamestop was never the goal. They just needed to make some millions for the silver squeeze so they used the system against itself to raise funds.
    It's not about the money. Theres more at stake here. It's already days in the making.
     
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Not sure about the silver squeeze but it's a continuation of the Trump witch hunt. The globalists made Trump the target, now Trump has "disappeared", the anger remains. Maybe they should let Trump "win". Perhaps they tried, remember Biden was talking nonsense (pretending to be senile?). But it's a game of thrones. China wanted Biden to win. But this is a mistake for them. Biden is 10x more dangerous than Trump. Trump only talks tough but is a pacifist in actual. So looks like the globalists won in the end. :D
     
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Youtube is alive with the usual suspects and many other channels now discussing this.

    So, if a silver squeeze is on cards / happens and the effects on the financial markets are......BAD....what will Govt's (especially the Biden administration) do to stop it and protect their Wall St mates etc?
     
  20. Ag bullet

    Ag bullet Well-Known Member

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    Re, millennials and boomers.

    Hard times make strong men, strong men make good times, good times make weak men, weak men make hard times.........
     
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