Reddit Trolls Wall St. Hedge Funds, Buying Up GameStop Stock

[dannno]

So, for all these buyers who are just trying to support a high price for GameStop stock to punish the hedge fund short sellers, what's in it for them financially?

Aren't they now stuck with the choice between selling it before it drops precipitously (leaving the peers who joined them high and dry), or else losing a lot of money, just for the sake of making a statement or punishing a hedge fund?

 

[dannno]

https://twitter.com/MarkDice/status/1354526478038253569

 

[tommyrp12]

 

[enhanced_deficit]

Although not all of MSM is fakenews but there may be a foreign military support impact potentially as a result of this money shift that is not being discussed in MSM.

GameStop (GME) was expected to go bankrupt, so some Wall St. hedge funds (notably Melvin Capital) put down some serious short sells on their stock.

Reddit took notice, and coordinated an attack and have driven the price of Gamestop (GME) up from about $40 a week ago to $209 currently.

Some of the firms, notably Melvin Capital, have doubled down and gone to investors for billions in financial backing to cover their margin calls.

Some "Social capital CEO" guy appeared on CNBC and almost suggested as if this was some sort of "democratization of wall street manipulations", not these exact words. Wall Street manipulations and scams have been going on forever, might be coincidence that following two developments (exposing such manipulations by Wall Street insiders usually done quietly) happening right after Trump loss and in such a public and "transparent" manner?

These could also be bringing under wraps wall street plays of some of some "questionabe philanthropists" linked to the only non-racist democracy in mideast and its non-war-criminal military.


https://www.youtube.com/watch?v=p4jMZLX7rAs

"Questionable Philanthropy"

During Plotkin's time at SAC Capital Advisors he was the recipient of illegal insider information according to federal prosecutors.[SUP][23][/SUP] Reuters identified Plotkin as the so called "Portfolio Manager B" in the Securities and Exchange Commission's civil complaint against Michael Steinberg a fellow SAC PM who was arrested on charges he traded Dell's earnings based on insider information.[SUP][24][/SUP] Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information.[SUP][24][/SUP] Plotkin was never formally charged in the SAC insider trading scandal which sent several SAC employees to jail.

IDF Heroes Appear in New York
The gala, chaired by Gabriel Plotkin and Yaara Bank-Plotkin, also honored Jonathan and Jennifer Harris and Eli and Yael Weiss for their leadership in supporting Israel and its brave soldiers. Rabbi Bentzion Krasnianski, director of Chabad of the Upper East Side, gave the Dvar Torah.

Melvin Announces $2.75 Billion Investment from Citadel and Point72
NEW YORK, Jan. 25, 2021 /PRNewswire/ -- Melvin Capital Management ("Melvin") today announced that Citadel and its partners and Point72 have made investments into its fund.
"I am incredibly proud to partner with Ken Griffin and Steve Cohen," said Melvin Founder and CEO Gabriel Plotkin. "The team at Melvin is eager to get to work and reward the confidence of these two great investment icons."

Apollo Global Management CEO Stepping Down
Apollo's Leon Black Paid Jeffrey Epstein $158 Million
January 26, 2021, 3:37 AM
Jan.26 -- A report released by law firm Dechert, commissioned by the board of investment firm Apollo Global Management Inc., found that its founder and chief executive officer Leon Black paid Jeffrey Epstein $158 million between 2012 and 2017 -- after the sex offender pleaded guilty to felony charges in 2008 -- for advisory services that helped expand the wealth of one of America’s richest men. Apollo said in a statement Monday that Black will retire as CEO no later than July 31, while remaining chairman. Bloomberg's Tom Metcalf reports.

Controversy continues over MoMa PS1 protest as artists call out questionable philanthropy
Artists are protesting the affiliation between Leon Black, the chairman of MoMA, and Constellis Group, the private military contractor formerly known as Blackwater


Similar questions had come up after former infamous former NASDAQ President Bernie Madoff's Wall Street scam:


Israeli Nonprofits Shaken by Madoff Scam
April 4, 2009
JERUSALEM — The collapse of Bernard L. Madoff’s $65 billion Ponzi scheme
The Madoff scheme’s collapse has forced educational institutions and organizations that aid the sick and the needy to reassess their investment strategies, and Israel, which depends heavily on the nonprofit sector to provide such services, has been forced once again to confront its dependence on American donors’ largess.
The crisis “has exposed a very substantial weakness” among nonprofits here, said Eliezer Yaari, executive director of the New Israel Fund, an advocacy organization that promotes equality and social justice in Israel.
nytimes.com/2009/04/05/world/middleeast/05israel.html



Hard to say how much financial impact these would have on the financial support for our mideast allies militaries. These devlopments come on the heels of passing of another high profile philanthropist and top MAGA donor who also championed similar foreign military causes.



Relational

CEO Makes $500k Off GameStop Stock Run, Donates It to Barstool Fund for Businesses

1/27/21 at 4:13 PM EST
With GameStop's stock soaring, Social Capital founder and CEO Chamath Palihapitiya took advantage of the video game retailer's good fortune and donated the half a million dollars he apparently made in profits off of GameStop stocks to Barstool Sports' Barstool Fund, which helps businesses that are struggling because of the coronavirus pandemic.

 

[Krugminator2]

I like how so many people think this is some great cause in protest of wage stagnation, income inequality, wall street bailout and God knows whatever else.

This is really just like episode of Seinfeld where Kramer drives the car past the E just to see how long he can go before the car stops.

 

[Pauls' Revere]

Of course. Go after the Robinhood gamblers who threw in $1000 bucks each. Such big criminals.

Meanwhile the crooks on Wall St can naked short all they want.

^^^this^^^

I guess the Robinhooders have to bribe the right people.

 

[Krugminator2]

https://www.youtube.com/watch?v=9ToOGrUQ7ME

Watched 1 minute and realized how fucked this country is.

Here is the reality: short sellers lose money on balance. Even the best ones. Even George Soros said he has lost money on balance shorting. They are essential to a properly functioning market. All these buzzwords like banker and hedge fund manager and shorting are just being used for hate the rich nonsense. Not to mention 99.8% of the manipulation in markets is longs pumping up stocks. Like this Gamestop, for instance.

Meanwhile the crooks on Wall St can naked short all they want.

Naked shorting is not something really even exists since 2007. Gamestop, for instance, is easy to borrow. There are very few stocks that don't have shares available to short. There are always brokers willing to lend shares at a price.

 

[69360]

Been following this. If they try to short squeeze silver I might get in and ride it as high as I dare.

 

[wizardwatson]

Watched 1 minute and realized how fucked this country is.

Here is the reality: short sellers lose money on balance. Even the best ones. Even George Soros said he has lost money on balance shorting. They are essential to a properly functioning market. All these buzzwords like banker and hedge fund manager and shorting are just being used for hate the rich nonsense. Not to mention 99.8% of the manipulation in markets is longs pumping up stocks. Like this Gamestop, for instance.

Naked shorting is not something really even exists since 2007. Gamestop, for instance, is easy to borrow. There are very few stocks that don't have shares available to short. There are always brokers willing to lend shares at a price.

I have not ruled out this is planned.

The origin of the "inside info" so to speak of Gamestop being 140% shorted was convenient. Also, there's people commenting that the million dollar investors in WBS are suspect (Portnoy being one).

It's not outside the possibility-in my mind-of these redditors being the Q-tard equivalents who instead of "storming the capitol" and patsy-ing themselves into P.A.T.R.I.O.T. Act 2.0, end up being the pin that pops the derivatives bubble or perhaps silver/gold (already talk of them moving into silver).

That being said...

It's certainly fun to watch.

We know now that Trump was an absolute NOTHING. Incompetent patsy at best, swamp creature in patriot clothing also a strong possibility.

But boy was it fun watching the other side whine when they lost in 2016 and we savored those liberal tears. Same here.

We think we're winning, but it's really just these Hannibal Lecter globalist nosferatu's feeding our own severed limbs and we savor the aroma.

Worldly take, anyway. Really, I believe this is all the glory of God as Noadic rains slowly begin to cleanse the whitewashed world and we see things as they are.

But I'm just a weird dude on the internetz, what do I know.

 

[Brian4Liberty]

Watched 1 minute and realized how fucked this country is.

Here is the reality: short sellers lose money on balance. Even the best ones. Even George Soros said he has lost money on balance shorting. They are essential to a properly functioning market. All these buzzwords like banker and hedge fund manager and shorting are just being used for hate the rich nonsense. Not to mention 99.8% of the manipulation in markets is longs pumping up stocks. Like this Gamestop, for instance.
...

If a Hedge fund makes money shorting a stock, where does that money come from? Other investors? If a Hedge fund loses money on short bets, where does that money go?

I would have to assume that other investors make money when the hedge fund loses. Is that a bad thing? Or is it only good when hedge funds make money from other investors?

Naked shorting is not something really even exists since 2007. Gamestop, for instance, is easy to borrow. There are very few stocks that don't have shares available to short. There are always brokers willing to lend shares at a price.

How do we end up with 140% shorting if there are no naked shorts?

Elon Musk and other CEOs have complained about shorting and bear raids on their stock.

People have said that borrowing Gamestop for shorting is pretty difficult right now. I don't short, so I wouldn't know. I came within a hair of buying some AMC yesterday, but there was no value proposition there. It was already at fair value. But I had no idea AMC was going to be the next target of a Bull raid.

Obviously, at some point, someone is going to lose money when a hyper inflated bubble like Gamestop pops. It is gambling, not investing. My impression was that it was a ton of small investors throwing some spare cash into futures. If so they have a chance of a big win, or simply exiting while they are still ahead. Better than buying a Powerball ticket.

 

[Brian4Liberty]

I have not ruled out this is planned.

The origin of the "inside info" so to speak of Gamestop being 140% shorted was convenient. Also, there's people commenting that the million dollar investors in WBS are suspect (Portnoy being one).
...

It was my impression that it was not inside info. It was just some Reddit guy looking at public statements and doing some math. I could be wrong. I am just catching up on what has happened myself.

 

[Brian4Liberty]

Been following this. If they try to short squeeze silver I might get in and ride it as high as I dare.

Seeing as silver is under valued, it is not overly risky to buy right now, at today’s price. It would always go up and down, but there is far more upside right now, simply looking at money printing and monetary inflation.

On the other hand, Reddit will probably be forced to ban or remove that sub-Reddit before they can go after silver. The current silver price is the tolerable price to the powers that be. Will we see all of the social media companies playing whack-a-mole to ban any stock market talk? We saw them do it to many conservatives and libertarians already.

I’d wager that trading in silver related ETFs will be halted almost immediately if the investor mob goes after silver.

 

[jkr]

how th fk did i miss this ?

what do i buy, i want to be rich and shape people!

 

[jkr]

its lehman all over agian!

they are doing it for real this time and we all locked up n sh it

 

[69360]

Seeing as silver is under valued, it is not overly risky to buy right now, at today’s price. It would always go up and down, but there is far more upside right now, simply looking at money printing and monetary inflation.

On the other hand, Reddit will probably be forced to ban or remove that sub-Reddit before they can go after silver. The current silver price is the tolerable price to the powers that be. Will we see all of the social media companies playing whack-a-mole to ban any stock market talk? We saw them do it to many conservatives and libertarians already.

I’d wager that trading in silver related ETFs will be halted almost immediately if the investor mob goes after silver.

Yeah I think either the exchanges or SEC will put a halt to it. I am following the subreddit tonight and will see what happens in the morning. They haven't decided which ETF to go after yet. SLV seems to be most likely. Some are buying PSLV and others are buying physical. It's not quite organized yet like the GME thing.

 

[devil21]

I didn't read the thread but I've been a reader of WSB for months and knew this was coming. Trolls? Come on, man. Buzzfeed? Since when does dannno post buzzfeed links? Is your mask slipping dannno?

Any way, GME was illegally naked shorted to 140% of TOTAL GME STOCK ISSUE and the hedgies were caught by some smooth-brained autistic retards with a few dollars to blow who realized that an unorganized crowd-sourced short squeeze would break those hedge funds. Hilarity, chaos and debauchery has ensued. And Wall St and the media has once again shown who they work for...since Wall St has literally been at war with Americans for a long time (see: Trading With The Enemy Act.....1933 and everything that came with it....who's the enemy?)

Every financial news article since this started has framed it like it's teh scary internets ganging up on poor little Wall St hedgies, when in reality it was those hedge funds, once again, engaging in illegal trading that the average person would have been thrown under the prison for, but that's NEVER mentioned in the articles, including OP's and they were caught on it and are being hoisted by their own petard. As usual, the SEC ignores almost everything illegal Wall St does. Now, Wall St is in a tizzy and collectively engaging in their own doubling down on illegal behavior to protect the crooks, including locking out trading accounts and 100% fake news releases to cover for the crooks that have been looting this country for a long time. My bet is Tesla eventually acquires Gamestop for in-car gaming and entertainment. Gotta have something to do while the self driving robot car isn't trying to run you into a concrete barrier at 90mph...

I wonder at what point short selling now would be a pretty smart move.

You go ahead and do that. It's a very savvy move.

 

[Gaius Marius]

It was my impression that it was not inside info. It was just some Reddit guy looking at public statements and doing some math. I could be wrong. I am just catching up on what has happened myself.

Yeah, there was no trading on insider info. When an investor starts taking positions in a company beyond certain thresholds, then the investor has file certain disclosures with the SEC (usually at the end of the quarter). This is all public information. In fact, other investors sometimes scrutinize the disclosures filed by successful investors like Warren Buffett or Dr. Michael Burry to see what companies they have taken positions in for the purpose deciding whether to invest in those same companies.

 

[wizardwatson]

It was my impression that it was not inside info. It was just some Reddit guy looking at public statements and doing some math. I could be wrong. I am just catching up on what has happened myself.

I didn't read the thread but I've been a reader of WSB for months and knew this was coming. Trolls? Come on, man. Buzzfeed? Since when does dannno post buzzfeed links? Is your mask slipping dannno?

Any way, GME was illegally naked shorted to 140% of TOTAL GME STOCK ISSUE and the hedgies were caught by some smooth-brained autistic retards with a few dollars to blow who realized that an unorganized crowd-sourced short squeeze would break those hedge funds. Hilarity, chaos and debauchery has ensued. And Wall St and the media has once again shown who they work for...since Wall St has literally been at war with Americans for a long time (see: Trading With The Enemy Act.....1933 and everything that came with it....who's the enemy?)

Every financial news article since this started has framed it like it's teh scary internets ganging up on poor little Wall St hedgies, when in reality it was those hedge funds, once again, engaging in illegal trading that the average person would have been thrown under the prison for, but that's NEVER mentioned in the articles, including OP's and they were caught on it and are being hoisted by their own petard. As usual, the SEC ignores almost everything illegal Wall St does. Now, Wall St is in a tizzy and collectively engaging in their own doubling down on illegal behavior to protect the crooks, including locking out trading accounts and 100% fake news releases to cover for the crooks that have been looting this country for a long time. My bet is Tesla eventually acquires Gamestop for in-car gaming and entertainment. Gotta have something to do while the self driving robot car isn't trying to run you into a concrete barrier at 90mph...

You go ahead and do that. It's a very savvy move.

Yeah, there was no trading on insider info. When an investor starts taking positions in a company beyond certain thresholds, then the investor has file certain disclosures with the SEC (usually at the end of the quarter). This is all public information. In fact, other investors sometimes scrutinize the disclosures filed by successful investors like Warren Buffett or Dr. Michael Burry to see what companies they have taken positions in for the purpose deciding whether to invest in those same companies.

I put "inside info" in quotes for a reason. I will spell it out.

The underdog narrative is "they were gonna short it anyway, we beat them to it." The MSM narrative is "mob of angry kids who aren't having enough sex are taking down hedge funds".

What do "WE" do? "WE", the supposed resistance, in knee-jerk fashion, side with underdog. Good for them, throwing rocks at the tanks.

The implication is we believe the movement of WSB is "organic". Always we believe this. January 6th was oh-so organic, until it goes wrong and we then say, "well, there was some bad actors".

How many things have to NOT go our way, before we assume the bad actors are among us from the start. WBS could be 99.9% legitimate small time investors. Those 99.9% could all decide to sell out and leave it at that today. But if this supposedly organic event is compromised and what THEY really want to do is create an event that pops the derivatives bubble, then does this "organic" mob have the power to stop it? Are there not "click farms" and contractors who can keep buying all day long pretending to be WSB even when organic WSB has sold out?

When are we going to learn that anonymous internet crap is our primary weakness?

We already know for a fact these military intelligence programs exist. But every time we see an underdog narrative play out, whether it's pizzagate, QAnon, Stop the Steal, or whatever, we assume it's organic.

Anyway, the 2008 crisis is directly related to what these underdog heroes of the day are doing. 2008 was caused by the BANKING SYSTEM being overexposed in the derivatives market, and after a few key derivatives companies went bankrupt, it caused a systemic event which required the bailing out of the banks.

We paid THE BANKS for the actions of "greedy wall street" (underdog narrative) but the MSM narrative was "lack of regulartion" which didn't change much. Things are worse now because the Fed never stopped doing what it has been doing.

If it collapses this time, whose to blame? Wall Street or angry kids? Right now it seems like fun. It's hilarious. What happens when all the pensioners and people on fixed income are informed that angry kids collapsed the economy?

Will they say "good for them", or will they say "well, can't you shut off their internet"?

We need to wise up.


EDIT: SHORTER: The underdog narrative is-more often than not-also the MSM narrative.

 

[69360]

The fun might be over. Robinhood restricted trading for GME and AMC. Went from about 460 to 120 in less than 2 hours.

 

[Gaius Marius]

The fun might be over. Robinhood restricted trading for GME and AMC. Went from about 460 to 120 in less than 2 hours.

Now if that isn't prohibited market manipulation, then I don't know what is. Especially since I read somewhere that Robinhood is backed by one of the hedge funds that bailed out Melvin Capital.