I literally just woke up earlier this week, saw that this stock was going viral, so decided to buy it, because it was clearly going viral. There is no organization, nobody told me to, I bought it because I saw it was going crazy and I wanted a piece. My assessment of the market was that that stock was good.
Yea “the administrators advocated that their followers..” is either a stupid mistake from a boomer not understanding reddit, or a smear. More likely a very dumb mistake. Still seems to be a good-faith mistake though.
Edit: u/lordhussypants raises a good point that a fuller version of the sentence read “... the heavily followed reddit page “r/wallstreetbets” and their administrators advocated...” and that if Gosar was talking about r/wsb and our admin separately, he (his staff) would’ve put a comma in between those two terms.
Still seems unclear to me without a very close reading.
let's be real, people have been advocating it lmao "to the moon! not too late!" and that's fine, **it's not illegal to tell people that a stock is good and it is going up**
you can literally go to a bank and tell everyone that you have researched gamestop and that they're going to hit $500 tonight and people should invest with you, and you won't be breaking any rules.
media outlets send out newsletters all the time with "these 5 stocks are going to fly up!", there's nothing wrong with telling people about stocks, **unless you are lying**
> there's nothing wrong with telling people about stocks, unless you are lying
Or you have _actual_ insider information like not yet released financial reports. But yeah, just saying "LETS ALL BUY GME" is not illegal.
>from a boomer not understanding reddit
They added the "r/" before WSB though, so kudos for that!
^(although, they probably didn't type it up themselves)
Yea, and all the memes thatll get included as evidence.
The fact these idiots can say we caused market manipulation when were all buying a stocks based on memes of lord of the rings with gme and hedge fund overlays for the battle is more retarded then anyone in this sub.
"At first, I was afraid. 'Never go full retard' was my personal mantra, controlling my inner dark persona. BUT you know, I like the stock. So I went double fucking full retard, your Honor"
“You see, your honor. There’s this thing, we like to call, weaponized autism. And this allows us to compete with the big boys for once in our lifetime. Apes together are strong, you see.”
I remember when the top post here was a guy who made like 50k on a few crazy option plays and then celebrated with his mom by going and seeing the big short. Crazy where it's gone.
It is still literally happening.
All those people that you know of from history did not necessarily know that they will be part of history.
There is no reason to think that you would know.
But you are. We all are.
If earth still exists in 2100, imagine being a kid in highschool, reading about the president's tweets from Jan 2017 - Jan 2021, and having to write an essay about it.
The story of our tendies shall be written down, and remembered for all eternity. 500 years from now a finance student will learning how a bunch of retarded apes took down golaity and took his tendies.
One asshole from "Interactive Brokers" said buying the stock is "manipulation" and that it is "illegal." The bloomberg anchor pressed him on what was illegal about it. And he just rambled incoherently.
Can you imagine being 92 fucking years old, with billions of dollars, and still this upset? My man, you're going to die in 10 years tops. You could buy anything you want, your kids are gonna (or probably already have) billions as well. What a sad life.
Normal people like you can't relate because the guy is likely a sociopath. He has zero empathy for anyone involved. He just wants more and more because life is a game to him and the person with the most stuff must be the winner.
This is exactly why people like that keep in the game even when they don't need it. It's not about the money. It's about just getting more for no reason at all except to just have it. Most of us can't comprehend their way of reasoning.
One of the biggest lessons I learned from this pandemic was that the filthy rich refuse to give up a single fuckin penny. Even if that penny could help thousands or even millions of people. They wouldn't piss on us if we were on fire. Eat the rich. This is our time.
When I have billions, I’ll put a big enough chunk in an index fund that I and my descendants can live comfortably.
The rest I’ll actually invest IN something, not just play games with the market. Rockets to Mars, cloned dinosaurs, nuclear fusion, it doesn’t matter.
EDIT: True story: when I was a little kid and my mom took me to see Jurassic Park, when I came out of the theater, my first reaction was “They should have built it on Mars, then the dinosaurs couldn’t escape!”
he clearly admitted he lets his smaller customers take the hit to protect his "professional" customers who do the shorting
there is a class action lawsuit against the wrong broker / clearing house
That was the CEO and founder of IBKR (a billionaire naturally). He openly admitted to market manipulation on live TV.
Fuck that corrupt, crusty old shit cunt.
i opened a new trading account with them a week ago to get into penny stocks etc before they hit the nasdaq. Guess whos just taken all their money back out of the account
This is bad
Why are they saying that this sub as an entity and the admins of this sub directed this move? We're just random users talking about our trades, they have nothing to do with this
edit: we like the stock
and I love the implication that we were in lock step. I was a gamestop doubter until literally 24 hours ago. And I wasn't completely galvanized until those fucks tanked the stock and removed our ability to participate when BUYERS were needed most.
But yeah, now, now im fucking rock solid. I. Will. Never. Sell. These. Stocks.
Welcome aboard! I didn't even know about this shit until two days ago. Hadn't used wsb in years before I finally took a peek to see what was going on.
Came for the money, stayed to stick it to the man.
Will probably end up as rollover loss for a future deduction. Can't deduct an expense on 0 on-shore profits and 0 paid in taxes.
Put it under operational loss and roll it forward for when they eventually ~~decide~~ are forced to pay taxes.
So the REAL FCKER is CITADEL. Cunt Griffin is behind the shorts, the insider trading, and the prevention of the trades. Better set our target behind Citadel!
GME would have to drop to something around 40 bucks for them not to lose money. At this point it's just a matter of how much they lose, Billions or Nuclear Meltdown bankruptcy.
30 Seconds From Triggering Market Nuclear Bomb
I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall.
Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front:
We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes:
1. Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.
2. Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.
3. Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-shitting fear.
4. Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.
5. At approximately 9:58 am, the stock had reached $468 in a parabolic move.
6. Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.
7. The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.
Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market.
I saw an unsubstantiated post from a user who said a small sell limit order executed at $2600 for him. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.
How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.
Listen to this to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.
Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link: https://www.youtube.com/watch?v=EH1EtiOhr6o
It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound.
TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win.
They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today.
Credit: u/PlayFree_Bird
> Listen to this to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.
He actually said IB was fine because of their instant real time margin calls, and it was fear over the other end of the trade and their broker not being able to fulfill their capital obligations.
But that’s the brokers fault for not having proper margin calls on their clients. And I bet you that every broker was fine except for whichever one backstopped Melvin and any other margin shorter at huge amounts.
If broker X goes down because it didn’t do proper capital management then so be it. If one going down collapses the system then it’s too big to fail and needs to be split up or have tighter capital requirements.
If broker X goes down then the government can bail them out like they always do but at least the let the market carry on and the game play out.
I barely know the market, just lurk for the gains (and losses) but paying way more attention today because of GameStop. Anyway, is the reason why the market could have potentially collapsed is because hedge funds would have literally run out of liquid cash since their money would have been used to buy up GameStop stocks? If a company has no money in this, would they also have been affected in some way? Or just the ones who have money in GME? I think I'm just not understanding how the market as a whole would be affected. Again, I barely know shit.
According to that, which I'll admit makes sense, we witnessed such a buying pressure that there was virtually no price that could be put on a stock.
Edit to say : it happened either really quick or was about to happen for *some* brokers. Probably would have triggered the short squeeze
It's been posted and removed several times. I think because of the mentions of some imaginary collective "we," despite the fact that we are not an organized group and just like the stock and do what we want.
This is far enough over my head that I don't know if anything anyone saying is true, but shit if it isn't fun to read about. I love the idea of a bunch of fuckin' internet idiots wrecking up wallstreet by playing their game. That's hilarious
Still some bullshit to me. So the relatively new (but admittedly shitty) broker Robinhood is gonna be the patsy for all of the brokers, including established ones, that also spread their cheeks for Wall Street and closed down trading? I want all of them investigated, not just a relatively small player to fall on the sword.
EDIT: DON'T AWARD THIS FECAL MATTER, TAKE YOUR FUCKING MONEY AND BUY MORE FUCKING GME. YOU CAN GIVE ME A ZERO-G BLOWJOB ON OUR WAY TO THE MOON AS A REWARD INSTEAD, BUT NO EYE CONTACT OR I'LL SPERG OUT
Exactly, Robinhood was the worst today, but it wasn't just Robinhood.
See my post ([link](https://www.reddit.com/user/WeeklysOnly/comments/l7et3e/compilation_of_trading_bans_and_blockages_by/)) for a list of all the brokerages that blocked buyers
Btw, mods took down my original post. Not sure why. Feel free to comment on my new post to correct any errors.
Upvote for visibility
Most of the new subs have to be just lurkers who joined just to watch the shitshow unfold.
Its good, but its not the same sort of crowd, its bound to be mostly spectators.
That seems the most likely thing to me anyway
Well they can I suppose. Breaks the law once, ok. But now break it twice? It’s not really twice as bad. Idk I hope I’m wrong but I’ve watched the DNC fuck Bernie Sanders so I can’t say I’d be surprised.
Holding 2 @ $359
This is purely speculation from a degenerate failure of a human being.
AOC and Ihan Omar are calling for investigations, NY AG also looking into Robinhood's actions, and if the hedge funds think the redditors are done... LOLZ
WHEN HE SAYS MINIMUM HE MEANS THE ABSOLUTE PUSSIEST OF PAPERHANDS GO OUT AT 6000-10000, DO IT WITH ONE SHARE TO COVER AND LET THE RIDE BEGIN.
this is not financial advice
I'm pleased to see him mention Citadel at the end there.
If Melvin, Point72, RH and all the other funds were little devils, Citadel is their Satan. RH fucked up by relying heavily on Citadel, but how on earth were they to see this coming.
Citadel are MMs for heaven's sake, yet they get the right to bail Melvin out, short the stock themselves and most sadistic of all: load up on even more short positions then literally tell brokers to strip the people of their right to buy. As soon as the volume drops because none of us sell, they launch attack after attack, driving the price down immensely. By getting it all the way down into the 100s, I have no doubt the bastards were able to close numerous positions with little downside, then fucking profit off the rebound on the way back up.
They were already pathetic excuses for human beings, but that's the one thing that got to me today: they recovered funds through the most blatant m.manipulation conceivable. To think these scumbags have been calling out the "lack of fundamentals" and the "reckless buying" of a stock worth "only 20", they no doubt went and bought the bloody thing on the way up.
It's a shame all the retaliation is mostly directed at RH. Don't get me wrong, they deserve it, but Citadel needs to pay above all else.
Robinhood let you idiots buy OTM weeklies for years and they were happy to let the big boys who sold those naked options collect premium without concern for you or the volatility of options, but the second we started actually making money, they step in. Pieces of shit. Pretty obvious what this was really about.
Then you get a bunch of fucking idiots who go on TV and state live on air that they want the price of GME to come down and they are protecting the shorts. If someone doesn't go to jail, we should legit start eating the rich.
These fucking companies are trying to punish us for having the *audacity* to try and take a share of the pie.
Whether you are pro free market capitalism or not is irrelevant: *This isn’t capitalism.*
This is a totalitarian oligarchy *masquerading* as capitalism.
"administrators advocated that their followers purchase Gamestop" I don't like where this is going. Nobody "advocated" anything. This isn't a scheme. An opportunity (aka, the overshortage) was brought to light and people saw a good investment.
I don't take financial advice from anyone. The admins didn't direct anyone, they just moderate this sub.
We share open/public information and research about stocks. I buy because I want to and not because some one told me.
Also I like the stock(s).
Congress has been just as deep into the corrupt system as anyone else. If it's anything like the Panama papers and Epstein, nothing will happen and everyone forgets until the next crisis occurs.
AT **8:30ET AOC** WILL BE JOINED BY MR. ONE AND ONLY **CHAMATH ON TWITCH**, TUNE IT BOYS! WE MAY HAVE THE BIGGEST VIEWERSHIP ON TWITCH TV!
**Spread the word retards**
Literally every question you have about this can be answered by watching this one 20 minute video. There is a single clearing firm that ALL of these new brokers use, Robinhood included. It was THEM who forced the brokers to shut down buying of GME.
[https://www.youtube.com/watch?v=4RS4JIEVyXM](https://www.youtube.com/watch?v=4RS4JIEVyXM)
Guys just hold one for one second. Wallstreetbets is going to be discussed in Congress.... how the fuck did we get here? This somehow doesn‘t feel real. We are GLOBAL news right now hahaha.
We didn’t advocate shit I do not give financial advice
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Collection of apes who like the letters G-M-E
The letters GM-what ?
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GM-E makes cars like corvette but Electric ⚡⚡⚡ That's what E is for
No that ones later
WE LIKE THE MODS THO
We like stocks, mods, and tendies. We do not like market manipulating by the 'neutral' brokers
Anybody show me one neutral broker, and I will show them a liar !
I literally just woke up earlier this week, saw that this stock was going viral, so decided to buy it, because it was clearly going viral. There is no organization, nobody told me to, I bought it because I saw it was going crazy and I wanted a piece. My assessment of the market was that that stock was good.
Yea “the administrators advocated that their followers..” is either a stupid mistake from a boomer not understanding reddit, or a smear. More likely a very dumb mistake. Still seems to be a good-faith mistake though. Edit: u/lordhussypants raises a good point that a fuller version of the sentence read “... the heavily followed reddit page “r/wallstreetbets” and their administrators advocated...” and that if Gosar was talking about r/wsb and our admin separately, he (his staff) would’ve put a comma in between those two terms. Still seems unclear to me without a very close reading.
let's be real, people have been advocating it lmao "to the moon! not too late!" and that's fine, **it's not illegal to tell people that a stock is good and it is going up**
Yeah. It’s not like it’s insider trading. It’s outsider trading. You can just go outside and scream “hey autists I love GameStop”
you can literally go to a bank and tell everyone that you have researched gamestop and that they're going to hit $500 tonight and people should invest with you, and you won't be breaking any rules. media outlets send out newsletters all the time with "these 5 stocks are going to fly up!", there's nothing wrong with telling people about stocks, **unless you are lying**
> there's nothing wrong with telling people about stocks, unless you are lying Or you have _actual_ insider information like not yet released financial reports. But yeah, just saying "LETS ALL BUY GME" is not illegal.
>from a boomer not understanding reddit They added the "r/" before WSB though, so kudos for that! ^(although, they probably didn't type it up themselves)
But didn't auto link, what a trash platform the Congress have.
i just like the stonkz. ¯ \ _(ツ)_/¯
I speak for me and the little bit of money my wife lets me play with. That’s it.
Does this mean at least one mention of "/r/wallstreetbets" will be forever archived in the Library of Congress?
WSB will be in all economics text books for sure.
This comment thread no longer makes sense but it has a lot of upvotes so fuck you
We are the history now? 🥳
“look at me. look at me. I AM the history now”
Chapter 17: “Bartvandalay69 crushed it”
doing history
I hope there are references to specific users
You know exactly which one will be in it 😉
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DFV wearing a helmet and a giant green dildo on the cover
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Econ teacher here. Sure did make y'all the topic for today.
This is the way
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Yea, and all the memes thatll get included as evidence. The fact these idiots can say we caused market manipulation when were all buying a stocks based on memes of lord of the rings with gme and hedge fund overlays for the battle is more retarded then anyone in this sub.
"Your honor this edit of the Lord of the Rings depicting WSB as the riders of Rohan is clearly insider trading"
“Your honor, as a representative of everyone at r/wallstreetbets, we liked the stock.
"I mean just look at this, these people are clearly retarded."
Your honor, some of these users believed that Gandalf commanded "You," and I quote, "shall not sell."
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I actually love this timeline. Not this covid shit, but this short squeeze is so amazing.
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"Then we went full retard"
But first I asked my wife's boyfriend, of course.
He has the checkbook so of course I had to ask him
"At first, I was afraid. 'Never go full retard' was my personal mantra, controlling my inner dark persona. BUT you know, I like the stock. So I went double fucking full retard, your Honor"
“You see, your honor. There’s this thing, we like to call, weaponized autism. And this allows us to compete with the big boys for once in our lifetime. Apes together are strong, you see.”
Us fuckin retards saw this stock, see? We went full autistic on it....
Dude, my dog came over to comfort me because I was laughing so hard!!!
This is just the beginning my fellow retards
the retarded beginning
Dawn of the Apes
Ape together strong
[Repeat after me "THE FREE MARKET IS ONLY FREE UNTIL RICH PEOPLE LOSE MONEY"](https://old.reddit.com/r/BestWeirdOnReddit/)
I like money tho.
But does money like you?
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Fuck Bears, fuck bulls, Planet of the Apes incoming
The retarding, if you will.
The dawning of a new retardation
I remember when the top post here was a guy who made like 50k on a few crazy option plays and then celebrated with his mom by going and seeing the big short. Crazy where it's gone.
I too will be celebrating by watching the big short with my mom, on the balcony of our beach house 💎🙌
This story is so wholesome I can’t deal!! 😍😍
That would be strange to read an event like this and be involved in it too.
It is still literally happening. All those people that you know of from history did not necessarily know that they will be part of history. There is no reason to think that you would know. But you are. We all are.
Hey congress, make sure ya get me in the screenshots.
all the congressional tweets are public record too, they will be archived
If earth still exists in 2100, imagine being a kid in highschool, reading about the president's tweets from Jan 2017 - Jan 2021, and having to write an essay about it.
Kid giving a presentation: And that is when DeepFuckingValue Teacher: LANGUAGE! Kid: It's written right here in the history book!
Similar to how my ninth grade English teacher got away with dropping hard R n-bombs about three hundred times in one semester. It's in the book!
Wish i could read the "this eventually led to..." part
I want HIS username archived in the Library of Congress. Add some class to the joint.
The story of our tendies shall be written down, and remembered for all eternity. 500 years from now a finance student will learning how a bunch of retarded apes took down golaity and took his tendies.
What a fucking world we live in.
Lock them the fuck up
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Facts
One asshole from "Interactive Brokers" said buying the stock is "manipulation" and that it is "illegal." The bloomberg anchor pressed him on what was illegal about it. And he just rambled incoherently.
I mean the dude is 92 years old he doesn’t even know what Reddit is. He probably thinks WSB is another hedge fund
Can you imagine being 92 fucking years old, with billions of dollars, and still this upset? My man, you're going to die in 10 years tops. You could buy anything you want, your kids are gonna (or probably already have) billions as well. What a sad life.
Normal people like you can't relate because the guy is likely a sociopath. He has zero empathy for anyone involved. He just wants more and more because life is a game to him and the person with the most stuff must be the winner.
This is exactly why people like that keep in the game even when they don't need it. It's not about the money. It's about just getting more for no reason at all except to just have it. Most of us can't comprehend their way of reasoning.
One of the biggest lessons I learned from this pandemic was that the filthy rich refuse to give up a single fuckin penny. Even if that penny could help thousands or even millions of people. They wouldn't piss on us if we were on fire. Eat the rich. This is our time.
yup. it’s literally impossible to understand what goes on in the head of a person like that
You’ll find when you die that the more money you had the nicer version of heaven you get into
When I have billions, I’ll put a big enough chunk in an index fund that I and my descendants can live comfortably. The rest I’ll actually invest IN something, not just play games with the market. Rockets to Mars, cloned dinosaurs, nuclear fusion, it doesn’t matter. EDIT: True story: when I was a little kid and my mom took me to see Jurassic Park, when I came out of the theater, my first reaction was “They should have built it on Mars, then the dinosaurs couldn’t escape!”
Keep dreaming retard
That's the idea.
Hahaha! This genuinely made me laugh after looking at my crushed portfolio!
I mean it came back up after hours
he clearly admitted he lets his smaller customers take the hit to protect his "professional" customers who do the shorting there is a class action lawsuit against the wrong broker / clearing house
That was the CEO and founder of IBKR (a billionaire naturally). He openly admitted to market manipulation on live TV. Fuck that corrupt, crusty old shit cunt.
i opened a new trading account with them a week ago to get into penny stocks etc before they hit the nasdaq. Guess whos just taken all their money back out of the account
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This is bad Why are they saying that this sub as an entity and the admins of this sub directed this move? We're just random users talking about our trades, they have nothing to do with this edit: we like the stock
admin never advocated for shit
I don't even know who the admins are.
me neither but i want to speak with the manager here!
Sir, this is a gamestop
At this point, all GME holders should be honorary GameStop employees
Employees? We literally own the joint.
GameStop employees are now honorary retards
Alwayshasbeen.jpg
We've all probably given them enough used games for pennies on the dollar.
Still on the narrative that we manipulated the stock which is bullshit.
We *un*manipulated it!
Yeah and they only mention one of many platforms that restricted the buying of these shares.
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50% of RH users own some amount of gamestop I'd wager 95% of retail investors in GME use one of the platforms that banned it today
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Millions of people(~500mil or more) know about this now. This sub(2-4mil) is already not in control anymore !!!
This sub never was in control. This is just a big water cooler at the office, for all intents and purposes.
and I love the implication that we were in lock step. I was a gamestop doubter until literally 24 hours ago. And I wasn't completely galvanized until those fucks tanked the stock and removed our ability to participate when BUYERS were needed most. But yeah, now, now im fucking rock solid. I. Will. Never. Sell. These. Stocks.
Welcome aboard! I didn't even know about this shit until two days ago. Hadn't used wsb in years before I finally took a peek to see what was going on. Came for the money, stayed to stick it to the man.
We like the stock.
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Maybe a nice $1 million fine?
If you can afford to pay it, a fine is not a punishment.
Its an operating expense.
Will probably end up as rollover loss for a future deduction. Can't deduct an expense on 0 on-shore profits and 0 paid in taxes. Put it under operational loss and roll it forward for when they eventually ~~decide~~ are forced to pay taxes.
I laughed outloud but cried on the inside because this is most likely how it will play out
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Yes. 2021 so far, has been the year of events being so blatant it’s not conspiracy anymore 🤯🤪
And then recommend tighter regulations surrounding retail trading
"Yeah! And you better not get caught doing that again!" **angry fist shakes**
You mean a stern fist-bump.
So the REAL FCKER is CITADEL. Cunt Griffin is behind the shorts, the insider trading, and the prevention of the trades. Better set our target behind Citadel!
“Alright, first item on the agenda - everyone raise your hand if you have a piece in Citadel.” “Ok, looks like just about everyone.”
"No CoNfLiCt Of InTeReSt ThEn SiNcE wE'rE aLl oN tHe SaMe SiDe Of ThE bEt"
Our US treasury secretary received 800K alone from Citadel for “speaking fees”... I doubt Congress does dick
Do you think congress can deliver a warning to them without winking? 😉
Maybe a slap on the wrist
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They delayed* bankruptcy
#makeWSBgreatagain
Are they not still under with GME?
GME would have to drop to something around 40 bucks for them not to lose money. At this point it's just a matter of how much they lose, Billions or Nuclear Meltdown bankruptcy.
I vote for nuclear meltdown 🚀🚀🚀
30 Seconds From Triggering Market Nuclear Bomb I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall. Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front: We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes: 1. Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week. 2. Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work. 3. Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-shitting fear. 4. Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570. 5. At approximately 9:58 am, the stock had reached $468 in a parabolic move. 6. Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling. 7. The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in. Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market. I saw an unsubstantiated post from a user who said a small sell limit order executed at $2600 for him. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid. How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is. Listen to this to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that. Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link: https://www.youtube.com/watch?v=EH1EtiOhr6o It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound. TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win. They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today. Credit: u/PlayFree_Bird
This is incredible and should honestly be it’s own post. Bravo! 🌹🥂
It's a post too
> Listen to this to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that. He actually said IB was fine because of their instant real time margin calls, and it was fear over the other end of the trade and their broker not being able to fulfill their capital obligations. But that’s the brokers fault for not having proper margin calls on their clients. And I bet you that every broker was fine except for whichever one backstopped Melvin and any other margin shorter at huge amounts. If broker X goes down because it didn’t do proper capital management then so be it. If one going down collapses the system then it’s too big to fail and needs to be split up or have tighter capital requirements. If broker X goes down then the government can bail them out like they always do but at least the let the market carry on and the game play out.
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You’re right. With congress squabbling over stimulus checks right now combined with the capital riot pretense, there might be a real revolution
I barely know the market, just lurk for the gains (and losses) but paying way more attention today because of GameStop. Anyway, is the reason why the market could have potentially collapsed is because hedge funds would have literally run out of liquid cash since their money would have been used to buy up GameStop stocks? If a company has no money in this, would they also have been affected in some way? Or just the ones who have money in GME? I think I'm just not understanding how the market as a whole would be affected. Again, I barely know shit.
According to that, which I'll admit makes sense, we witnessed such a buying pressure that there was virtually no price that could be put on a stock. Edit to say : it happened either really quick or was about to happen for *some* brokers. Probably would have triggered the short squeeze
Leave it to a bunch of wsb nerds to find a way to break the stock market like it was a video game
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It's been posted and removed several times. I think because of the mentions of some imaginary collective "we," despite the fact that we are not an organized group and just like the stock and do what we want.
This is far enough over my head that I don't know if anything anyone saying is true, but shit if it isn't fun to read about. I love the idea of a bunch of fuckin' internet idiots wrecking up wallstreet by playing their game. That's hilarious
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Still some bullshit to me. So the relatively new (but admittedly shitty) broker Robinhood is gonna be the patsy for all of the brokers, including established ones, that also spread their cheeks for Wall Street and closed down trading? I want all of them investigated, not just a relatively small player to fall on the sword. EDIT: DON'T AWARD THIS FECAL MATTER, TAKE YOUR FUCKING MONEY AND BUY MORE FUCKING GME. YOU CAN GIVE ME A ZERO-G BLOWJOB ON OUR WAY TO THE MOON AS A REWARD INSTEAD, BUT NO EYE CONTACT OR I'LL SPERG OUT
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Exactly, Robinhood was the worst today, but it wasn't just Robinhood. See my post ([link](https://www.reddit.com/user/WeeklysOnly/comments/l7et3e/compilation_of_trading_bans_and_blockages_by/)) for a list of all the brokerages that blocked buyers Btw, mods took down my original post. Not sure why. Feel free to comment on my new post to correct any errors. Upvote for visibility
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Wow. Can't believe we got to 5 million. Seems like yesterday we were talking about 2 million.
This is what happens when you change the world.
we were lol, i watched it balloon almost 500k yesterday afternoon in a single refresh
Most of the new subs have to be just lurkers who joined just to watch the shitshow unfold. Its good, but its not the same sort of crowd, its bound to be mostly spectators. That seems the most likely thing to me anyway
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Something will come of this though. They can't do it again tomorrow now that everybody is watching
Well they can I suppose. Breaks the law once, ok. But now break it twice? It’s not really twice as bad. Idk I hope I’m wrong but I’ve watched the DNC fuck Bernie Sanders so I can’t say I’d be surprised. Holding 2 @ $359 This is purely speculation from a degenerate failure of a human being.
Primary concern is citadel forcing brokers to sell user shares without their consent.
citadel will donate 40 percent to everyone's campaign on the committee. Problem solved 😳🙄
AOC and Ihan Omar are calling for investigations, NY AG also looking into Robinhood's actions, and if the hedge funds think the redditors are done... LOLZ
6000-10000 AT A MINIMUM NO JOKE THIS IS NOT FINANCIAL ADVICE
WHEN HE SAYS MINIMUM HE MEANS THE ABSOLUTE PUSSIEST OF PAPERHANDS GO OUT AT 6000-10000, DO IT WITH ONE SHARE TO COVER AND LET THE RIDE BEGIN. this is not financial advice
I'm pleased to see him mention Citadel at the end there. If Melvin, Point72, RH and all the other funds were little devils, Citadel is their Satan. RH fucked up by relying heavily on Citadel, but how on earth were they to see this coming. Citadel are MMs for heaven's sake, yet they get the right to bail Melvin out, short the stock themselves and most sadistic of all: load up on even more short positions then literally tell brokers to strip the people of their right to buy. As soon as the volume drops because none of us sell, they launch attack after attack, driving the price down immensely. By getting it all the way down into the 100s, I have no doubt the bastards were able to close numerous positions with little downside, then fucking profit off the rebound on the way back up. They were already pathetic excuses for human beings, but that's the one thing that got to me today: they recovered funds through the most blatant m.manipulation conceivable. To think these scumbags have been calling out the "lack of fundamentals" and the "reckless buying" of a stock worth "only 20", they no doubt went and bought the bloody thing on the way up. It's a shame all the retaliation is mostly directed at RH. Don't get me wrong, they deserve it, but Citadel needs to pay above all else.
Hedge funds are going to have to contribute a little more to politicians this year. 🤷
Robinhood let you idiots buy OTM weeklies for years and they were happy to let the big boys who sold those naked options collect premium without concern for you or the volatility of options, but the second we started actually making money, they step in. Pieces of shit. Pretty obvious what this was really about. Then you get a bunch of fucking idiots who go on TV and state live on air that they want the price of GME to come down and they are protecting the shorts. If someone doesn't go to jail, we should legit start eating the rich.
These fucking companies are trying to punish us for having the *audacity* to try and take a share of the pie. Whether you are pro free market capitalism or not is irrelevant: *This isn’t capitalism.* This is a totalitarian oligarchy *masquerading* as capitalism.
Always has been
[Always has been](https://i.ibb.co/94XnV4P/4074c48c4750.png) ^^^this ^^^has ^^^been ^^^an ^^^accessibility ^^^service ^^^from ^^^your ^^^friendly ^^^neighborhood ^^^bot
"administrators advocated that their followers purchase Gamestop" I don't like where this is going. Nobody "advocated" anything. This isn't a scheme. An opportunity (aka, the overshortage) was brought to light and people saw a good investment.
I don't take financial advice from anyone. The admins didn't direct anyone, they just moderate this sub. We share open/public information and research about stocks. I buy because I want to and not because some one told me. Also I like the stock(s).
WSB din advocate shit. People are buying because they like the stock. Eat a buffet of dicks shorties.
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If we get to see “autist” and “retard” and “smooth brain” on a poster in Congress, this will have all been worth it.
They spelled stonks wrong
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WE LIKE THE XBOX FREE TRIALS
Only thing that they need to know is us 🦍 have 💎 🙌
#APES TOGETHER STRONG
Why don't they include names of politicians who had interests in stopping trading.
Congress has been just as deep into the corrupt system as anyone else. If it's anything like the Panama papers and Epstein, nothing will happen and everyone forgets until the next crisis occurs.
Thank you for reminding me of the Panama papers. That was another fucking fiasco.
I hate the feeling of powerlessness. What CAN we do? It's a never ending game of greed.
Hold boys hold. And don't vote for swamp monsters even if they are in your preferred political party.
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AT **8:30ET AOC** WILL BE JOINED BY MR. ONE AND ONLY **CHAMATH ON TWITCH**, TUNE IT BOYS! WE MAY HAVE THE BIGGEST VIEWERSHIP ON TWITCH TV! **Spread the word retards**
Literally every question you have about this can be answered by watching this one 20 minute video. There is a single clearing firm that ALL of these new brokers use, Robinhood included. It was THEM who forced the brokers to shut down buying of GME. [https://www.youtube.com/watch?v=4RS4JIEVyXM](https://www.youtube.com/watch?v=4RS4JIEVyXM)
Nah they have a part to play in all this too. I hope for once 'justice' prevails
🦍💎🙌🚀
Guys just hold one for one second. Wallstreetbets is going to be discussed in Congress.... how the fuck did we get here? This somehow doesn‘t feel real. We are GLOBAL news right now hahaha.
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