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Wow it’s lights out on GameStop and AMC lmaooo

Bunch of rich people pulled some strings and straight up removed the stocks listings from the market place and/or took away the ability to buy them.

Lmaoooo guess when poor people are making too much money it’s illegal. Ain’t that just the American way? Lmaooo
JoeyFoxx · 51-55, M
It wasn’t only the rich who lost money

And it wasn’t really poor folk making money

This story is a story of madness and how people have lost their perspective
JoeyFoxx · 51-55, M
@NoahB of course.

I guess your comments and your post seem to justify the behavior of these knuckleheads. In reality, they are no better than the people they are railing against.

And some of them got instantly rich. Are they going to use that newfound wealth to help society?
NoahB · 26-30, M
@Northwest yeah i seriously doubt there will be any effected by this mess. so overall i think this is a moot point. but i understand the concern
NoahB · 26-30, M
@JoeyFoxx i think that it will help society. Anytime money is reintroduced into the lower brackets of the economy it will always benefit society. I don't know if this is enough to make a big big difference, but I'm seeing alot of these meme investors saying they were able to pay of medical debt and things of that nature.
FreeSpirit1 · 51-55, F
I'm a staunch capitalist but this kind of stuff is what gives it a bad name.
SW-User
@NoahB @FreeSpirit1 This wasn't some rich group of savvy investors. This was a bunch of aholes on Reddit manipulating the market and f*cking with hedge funds.
NoahB · 26-30, M
@FreeSpirit1 hate to tell you but that’s been the name of the game for decades now
FreeSpirit1 · 51-55, F
@NoahB why do you hate to tell me? I just said it's what gives capitalism a bad name.
Are we less surprised that Wall Street crushes anyone who outplays their games or by the number of us peasants here on SW who’ve already learned to blame the underdogs in this story?
QuixoticSoul · 41-45, M
@NoahB It's very much not in Robin Hood interest if a large number of their members suddenly lose their shirts all at once, which is why they're acting in the face of extreme volatility. They're also worried about what the regulators will see when they're looking back at all of this.
NoahB · 26-30, M
@QuixoticSoul they're losing their shirts right now because they halted trading! lol alright im done. i got to get back to work. peace.
QuixoticSoul · 41-45, M
@NoahB RH wants people to close out their meme stock positions, and get back to doing business as usual tomorrow. That won't happen if people go nuts in an orgy of speculation and lose their shirts in the dump.
SW-User
Are you serious? A bunch of aholes thought it was funny to manipulate the market and drive up the value of shares of mediocre companies. Someone decided to do a "pump and dump" scheme. It's going to take them a while to investigate and sort it out. Everyone loses when things like this occur.
QuixoticSoul · 41-45, M
@NoahB They got a bailout because Capitol and Point72 are quite certain they'll get a great return on their new investment.
NoahB · 26-30, M
@QuixoticSoul lol yeah i don't buy that for a second. (no pun intended lol)
QuixoticSoul · 41-45, M
@NoahB You should, this is a pretty unsentimental crowd. They simply took advantage of Melvin being in a tough place to buy in on the cheap.
Quetzalcoatlus · 46-50, M
Free market until billionaires start losing the ability snort unlimited amounts of coke off of their gf's asses..
QuixoticSoul · 41-45, M
You have a strange view on this stuff - rich people and institutionals have been making an absolute killing on GME, they love volatility of this sort. Stocks get locked in these kinds of circumstances to protect the little guy.
NoahB · 26-30, M
@QuixoticSoul clearly not enough because they're still playing these games. 140% shorts? come on man
QuixoticSoul · 41-45, M
@NoahB There have been worse squeezes before - but yes, that should have been a trigger of some sort, we might end up seeing SEC putting something in.
NoahB · 26-30, M
@QuixoticSoul we very well could but last i heard is the trump admin gutted SEC. so im skeptical it will happen
SumKindaMunster · 51-55, M
Unbelievable.

Actually, check that, this is totally believable.

This is all Trumps fault!.... oh wait...
SumKindaMunster · 51-55, M
@NoahB K, well I'm sorry I choose not to engage with someone who so clearly is galvanized in his opinion and not interested in discussing it other that to judge someone racist because they don't hold the same opinions.
NoahB · 26-30, M
@SumKindaMunster hey, buddy. you act like my galvanized opinions weren't formed in the fiery crucibles or logic and reason lol
SumKindaMunster · 51-55, M
@NoahB Sure dude. Anybody who believes in systemic racism and CRT is not using any of those concepts to arrive at their conclusions. 🙄
Harriet03 · 41-45, F
They don't like it when other's learn the rules!!!
NoahB · 26-30, M
@Harriet03 aint that the truth
I have bought shares in both of them before this started hahaha

Hope I don't lose money
NoahB · 26-30, M
@faithfulhusband you only lose money when you sell lol
@NoahB I know nothing about investing. I just bearly started a week ago out of boredom hahaha
NoahB · 26-30, M
@faithfulhusband well if you're holding unto GME and AMC you're ahead of most beginners lol.
Ferric67 · M
Hey Noah, if you have any Reddit friends on that thread, give them the tip of OPK
Another shorted stock, only this one is actually a profitable one versus GameStop which is a dying company
NoahB · 26-30, M
@Ferric67 how much is it shorted by?
Ferric67 · M
@NoahB 30% to 35% on any given week. Mark Cuban is on record claiming he has shorted it too.
SW-User
[image deleted]
TeirdalinFirefall · 31-35, M
Wasn't it the other way around?
NoahB · 26-30, M
@TeirdalinFirefall many people in the billion dollar hedgefund industry would certainly like you to think so
NoahB · 26-30, M
Hedgefund billionaires be like 👇🏽


 
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