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

[wizardwatson]

Calm down man. My sig doesn't mean that everyone and everything is a bot. That would be paranoid schizophrenia. That's not what my sig means. Personal discernment is unique to each of us. Yours appears different than mine. That's fine, no biggie. One of my measures is that the MSM is throwing everything they have at GME to redirect to a false narrative now about how the shorts have covered, dangling shiny new things (AMC, Silver, etc), even buying sponsored ads on FB playing a CNBC fake news clip from last week about the shorts covering, Cramer telling everyone to "take your home run and sell", SNL's blatant propaganda piece on GME over the weekend, etc. For something that, to you, allegedly was completely engineered it sure looks like the MSM is scrambling to contain it on behalf of their Wall St controllers. That's a big part of my discernment, in addition to the lengths Wall St is going to. Is the media trying to guide a narrative or is the MSM trying to upend one then redirect it? Looks like upending and redirecting to me. That's a big part of my evidence, along with having been a reader of WSB way before this started and having in-depth knowledge of shill/bot operations. I'm not sure what your evidence is but I don't think you've shared any, either.

Fwiw, I probably spend way too much time daily watching markets and media and internets etc. This doesn't fit the mental model that I've developed for identifying fully engineered events. Something observed and allowed to happen, with a goal toward redirecting it, perhaps. It's not like WSB is a hidden, closed community.


Relevant:
These links very reasonably explain how Wall St really works and the outright fraud that's been ongoing for a long time, including brokers issuing stock shares that do not exist. Very worth the reading time.

http://themillenniumreport.com/2016/03/dtcc-banking-scam/

http://redpillreports.com/learn/who-owns-america-cede-dtcc/

"Calm down."

You know, I get that common forum etiquette is to respectfully take turns bloviating and never discuss real issues or challenge the arguments of others.

Like many others before you, you are taking my attention to your posts as some sort of passionate tirade based on my ego, or some animosity towards your position.

Reread my posts.
Try reading it in a calm voice.

You characterized my position of "why do we assume it's NOT controlled" as a position of "completely controlled" (when I clearly say "not 100% organic") and as "tinfoil hat".

Then I keep pressing the issue (a.k.a. taking the time to continue our conversation) so you follow up with a condescending "calm down"? Reread my posts. I never address you directly until I quote your own signature, and you can't even own that.

So here's my final feedback for you.

People who are focused on exhibitionism and the social aspect of social media are more inclined to take an "argument" personally (note your words "if you're suggesting I" in post #124). People who are actually interested in issues and learning will be more responsive to correction and have a willingness to expand their point of view.

Not saying you don't have a willingness to expand your point of view, and I'm not saying I don't have a propensity for social media exhibitionism.

Both of the things you said are related to ostracizing ("tinfoil hat" and "calm down")

You see "conspiracy theory" is a label you applied to yourself in the "truthy" way. "I am more tinfoil than anyone" (paraphrasing). But you apply it to me in a condescending way, which is the normal worldly way.

When normal people hear "conspiracy theorist" it certainly has a connotation of "untruthful" but the active agent is that it's a minority "kook" position. No one wants to be in the minority, so it's a smear tactic based on inherent mob mentality in all of us.

Similarly, "calm down" is a smear for overly emotional people, commonly women having their mensees. Again here, it's a condescending jab to characterize me as a "not thinking clearly" overly emotional type.

While you may be able to convince people that "what I meant was" this and that and that "I implied" this and that, it's actually only your words on the page that condescend to me directly. I only asked you questions, which you apparently are reading in some sort of loud tone.

Hope this helps.

 

[Brian4Liberty]

Nine Investors Instantly Make $16 Billion On GameStop Stock 'Squeeze'

Big Index Funds Big Holders Of GameStop GME Stock

GameStop's financial future isn't all that bright. It's rated "underperform" by analysts following the stock on average. But it's still a member of the S&P Small Cap 600 index and Russell 2000. As a result, large index small-cap funds and ETFs are forced to own it. That's looking smart now.

Fidelity FMR is the top holder of GameStop shares. It owns 9.5 million shares, through September, or nearly 14% of shares outstanding. Adding that up and Fidelity hauled in a nearly $3 billion gain just this year for its investors.

Similarly, BlackRock scored $2.6 billion and Vanguard $1.6 billion, as they own 12.3% and 7.6% of GameStop, respectively.
...
Nine Biggest Winners:

Holder Common Shares Held (Millions) % Of Company's Shares Outstanding Owned Gain ($ Billions)* Position Date Update
FMR (Fidelity Investments) 9.5 13.7% $2.9 Sep-30-2020
Ryan Cohen 9.0 12.9 2.8 Jan-10-2021
BlackRock 8.6 12.3 2.6 Sep-30-2020
Vanguard Group 5.3 7.6 1.6 Sep-30-2020
Susquehanna International Group 4.4 6.3 1.3 Sep-30-2020
Dimensional Fund Advisors 3.9 5.7 1.2 Sep-30-2020
Senvest Management 3.6 5.2 1.1 Oct-07-2020
Donald A. Foss 3.5 5.0 1.1 Feb-28-2020
MUST Asset Management 3.3 4.7 1.0
...
https://www.investors.com/etfs-and-...antly-make-16-billion-gamestop-stock-squeeze/

 

[devil21]

"Calm down."

You know, I get that common forum etiquette is to respectfully take turns bloviating and never discuss real issues or challenge the arguments of others.

Like many others before you, you are taking my attention to your posts as some sort of passionate tirade based on my ego, or some animosity towards your position.

Reread my posts.
Try reading it in a calm voice.

You characterized my position of "why do we assume it's NOT controlled" as a position of "completely controlled" (when I clearly say "not 100% organic") and as "tinfoil hat".

Then I keep pressing the issue (a.k.a. taking the time to continue our conversation) so you follow up with a condescending "calm down"? Reread my posts. I never address you directly until I quote your own signature, and you can't even own that.

So here's my final feedback for you.

People who are focused on exhibitionism and the social aspect of social media are more inclined to take an "argument" personally (note your words "if you're suggesting I" in post #124). People who are actually interested in issues and learning will be more responsive to correction and have a willingness to expand their point of view.

Not saying you don't have a willingness to expand your point of view, and I'm not saying I don't have a propensity for social media exhibitionism.

Both of the things you said are related to ostracizing ("tinfoil hat" and "calm down")

You see "conspiracy theory" is a label you applied to yourself in the "truthy" way. "I am more tinfoil than anyone" (paraphrasing). But you apply it to me in a condescending way, which is the normal worldly way.

When normal people hear "conspiracy theorist" it certainly has a connotation of "untruthful" but the active agent is that it's a minority "kook" position. No one wants to be in the minority, so it's a smear tactic based on inherent mob mentality in all of us.

Similarly, "calm down" is a smear for overly emotional people, commonly women having their mensees. Again here, it's a condescending jab to characterize me as a "not thinking clearly" overly emotional type.

While you may be able to convince people that "what I meant was" this and that and that "I implied" this and that, it's actually only your words on the page that condescend to me directly. I only asked you questions, which you apparently are reading in some sort of loud tone.

Hope this helps.

You still haven't presented any evidence to support your position that it may be engineered/false flag type event, so I can only assume you don't have any. I often make assertions about engineered/false flag events on RPF. I always at least have evidence to support my position if called out on it.

I will grant you that the MSM throwing the kitchen sink at it could be a Trump type psyop, where the propaganda is mainly meant to reinforce support for Trump (GME). That is possible but I haven't seen any evidence that supports that yet. If you have any, please share. I'm not above admitting I'm wrong and giving credit where due.

 

[wizardwatson]

You still haven't presented any evidence to support your position that it may be engineered/false flag type event, so I can only assume you don't have any. I often make assertions about engineered/false flag events on RPF. I always at least have evidence to support my position if called out on it.

I will grant you that the MSM throwing the kitchen sink at it could be a Trump type psyop, where the propaganda is mainly meant to reinforce support for Trump (GME). That is possible but I haven't seen any evidence that supports that yet. If you have any, please share. I'm not above admitting I'm wrong and giving credit where due.

Hard to argue with that.

 

[devil21]

The amount of shill operations pushing a "Show's over, sell GME and move on" narrative on various websites confirms to me that Wall St is scared to death. They're definitely in "oh shit" mode. They wouldn't do that if they had it fully under control. It took a few days to get the shill contracts and talking points guidelines set up and now they're out in force.

(And Robinhood now has taken $4 BILLION in cash injections just to cover their clearinghouse regulatory requirements.)

 

[Krugminator2]

The amount of shill operations pushing a "Show's over, sell GME and move on" narrative on various websites confirms to me that Wall St is scared to death. They're definitely in "oh $#@!" mode. They wouldn't do that if they had it fully under control.

Short interest has gone from 140% to between 30% and 50%. Every spike is and opportunity to reshort. Back side of the move now. Show's over. No one is scared. Back below 100 over coming months with mini spikes along the way. Pattern happens all the time penny stock land. This is no different.

 

[osan]

Stupid, yes. Greed-fired, yes.

But what was malicious about it?

I would call the willful decision to drive a valid business enterprise into the toilet fairly malicious.

 

[Krugminator2]

I would call the willful decision to drive a valid business enterprise into the toilet fairly malicious.

That's interesting. I would call driving up the price of a piece of shit company hanging on by a thread through a pump and dump fairly malicious. Since we disagree, it is best to let the market sort things out and let people make bets whichever way they want to fairly determine a price.

 

[osan]

That's interesting. I would call driving up the price of a piece of shit company hanging on by a thread through a pump and dump fairly malicious.

If pump and dump were the intent, then I would agree. My understanding is that WSB did what they did to put the screws to Melvin, an act of which I am approve.

The rise of GME's value is not likely to last, and yet you never know because all those who bought high are not going to be eager to take it in the neck to the tune of hundreds per share. Regardless, this momentary reprieve from the grave is nonetheless an opportunity for GME. If they are smart, which is perhaps not so likely, and they take the initiative, also probably not likely, they might be able to pull their own bacon out the fire. I wouldn't hold my breath on it, but only point out that this is a once in a lifetime opportunity and if their market is not itself on the way out, they would be fools not to take a good stab at making a come back.

Question: why is GME a POS company? I'm not a gamer, don't care about the market, and am completely ignorant of that sort of thing.

...it is best to let the market sort things out and let people make bets whichever way they want to fairly determine a price.

Absolutely. Melvin needs to go tits-up, not only as the just reward for their stupidity and greed, but as a lesson and message to investors in how NOT to invest.

 

[69360]

Question: why is GME a POS company? I'm not a gamer, don't care about the market, and am completely ignorant of that sort of thing.

Because all the new games are now downloaded, there is no more disc or for us 80's kids, cartridge to buy.

 

[Invisible Man]

I would call the willful decision to drive a valid business enterprise into the toilet fairly malicious.

You're just talking about short selling their stock right?

Or was there something else that they did to "drive a valid enterprise into the toilet"?

 

[Invisible Man]

That's interesting. I would call driving up the price of a piece of shit company hanging on by a thread through a pump and dump fairly malicious.

I wouldn't call either thing malicious. Short selling isn't malicious, and neither is pumping and dumping.

In either case the people who would ostensibly be victims are other investors who chose to take on the risk they did and just took the opposite side of the given bet. Nobody is entitled to have a stock price be one thing versus another.

 

[Brian4Liberty]

It seems like this Gamestop episode has prompted money to come in from the sidelines all across the market. That would be in addition to the massive stock buybacks many companies are doing right now.

 

[dannno]

Show's over. No one is scared. Back below 100 over coming months with mini spikes along the way. Pattern happens all the time penny stock land. This is no different.

Already down to $111

 

[Krugminator2]

Already down to $111

Closed around 91. Everyone probably margined out so likely bounce

 

[devil21]

Short interest has gone from 140% to between 30% and 50%. Every spike is and opportunity to reshort. Back side of the move now. Show's over. No one is scared. Back below 100 over coming months with mini spikes along the way. Pattern happens all the time penny stock land. This is no different.

Do you have any direct metrics/reports that show the short has gone down that far? AFAIK there's been no new direct metrics released yet. CNBC jawboning from known liars doesn't count.

Ya know, even if this thing is "done", it definitely exposed Wall Street, much of the banking sector and the entire media to a lot of young people as the corrupt criminals that they are, instead of the fake story of existing to protect people and the fruits of their labor:

"Oh yeah short squeeze is over. Fail. We Wall Street criminals win again. Never mind that we locked people's accounts for days, shut down buying across multiple brokers then claimed people stopped buying while we wash traded the price down, and threw every propaganda piece of shit we could muster out to the world. But yes, please come back again soon. We promise we'll play by our own rules next time."

That's interesting. I would call driving up the price of a piece of shit company hanging on by a thread through a pump and dump fairly malicious. Since we disagree, it is best to let the market sort things out and let people make bets whichever way they want to fairly determine a price.

Posts like these are when you expose yourself as nothing but a Wall St apologist. Illegally shorting a company to the brink of bankruptcy is fine but catching them in a short squeeze because of it is a "pump and dump"?

Stop talking like there's actually a market here. There's NOT and that should be wildly obvious to everyone now. When brokers lock out accounts for days (mine was completely locked Wed and Thurs), restrict trading actions that go against them (sorry, no more buying until we say so), and other unhanded, if not outright illegal, actions, when can we drop the charade that it's anything resembling a market? Like I've said before....there is no market. There is only the Fed, Treasury, Blackrock and Citadel and they're one little colluding group with one mission. That's it. To steal everything they can, as fast as they can. They'll break their own rules any time it suits them if they're ever in danger of being on the losing side of a trade. But they'll throw you under the prison for breaking any rules. They are pirates and nothing more. "Skull and Bones" ain't just for decoration. It's their flag. Note that Monday's GME high price, before the precipitous drop started was 322.

 

[Krugminator2]

Posts like these are when you expose yourself as nothing but a Wall St apologist. Illegally shorting a company to the brink of bankruptcy is fine but catching them in a short squeeze because of it is a "pump and dump"?

1. I was illustrating the absurd by being absurd. I don't care if stocks squeeze or stocks dump. People should be able to trade their money however they see fit. I view the world in principles not like a progressive where it is the little guy vs the big guy.

2 There were likely no illegal actions by anyone on any part of this

3. Companies don't go bankrupt from shorting. Companies are not their stock. How is it possible to not know this?

4. It has never been easier (and it isn't close) for the retail investor. If you are retail investor you have MAJOR built in advantages over institutions. The idea the little guy is screwed by Wall Street is wrong. Low commissions, tight spreads, free instant access to all relevant company information, low cost screeners, etc. You can get in and out of trades instantly instead of a few weeks for institutions. And the last year in particular has been tech bubble easy.

Here is my message to you. Stop the made up nonsense. No one is conspiring against you. Money's out there laying on the ground. If you don't pick it up I have no sympathy for you. It will never be easier than it is right now.

 

[Invisible Man]

Posts like these are when you expose yourself as nothing but a Wall St apologist. Illegally shorting a company to the brink of bankruptcy is fine but catching them in a short squeeze because of it is a "pump and dump"?

I like how you added in that qualifier "illegally." Is that what this comes down to? The fact that some politicians made up a law about it, so now it's "illegal"? You're a big law and order guy I take it?

That law is where the focus should be. Rather than complaining about somebody breaking it (and whether they actually did break it or not is beside the point as far as I'm concerned), we should be complaining about the politicians who made up the law in the first place. The politicians should stay out of the way and let buyers and sellers mutually and voluntarily agree to exchange stock shares for money, taking on risks that they accept based on a cost benefit analysis that's rooted in their own valuations of possible outcomes, which no bureaucrat could make for them.

Here are a couple articles about it for those who want to consider this from a libertarian point of view:
https://mises.org/library/short-sale-restrictions-are-exercise-naked-power
https://mises.org/library/sec-short-sells-us-down-river

 

[oyarde]

Still over 90 ron zeplin bux this afternoon

 

[osan]

Because all the new games are now downloaded, there is no more disc or for us 80's kids, cartridge to buy.

SO you're saying GME hasn't evolved to net.based gaming? Huh... Well, that doesn't justify the attempt to wreck them with intent. The market will do that in its good time.