Is anyone following the situation with Gamestop?

[CrusadeAgainstFurries]

Big Corpo™ borrows Shit That Doesn't Exist™ in a machine for its own gain and when normal players make machine work very good it makes Shit That Doesn't Exist™ very costly to upkeep and since Shit That Doesn't Exist™ doesn't actually exist, letting it go out of self-preservation is risking jail time by Big Popo™. But Big Popo™ is in the big pockets of other Big Corpo™s, so the Big Corpo™ in question is relatively safe.

But now the main issue is that Big Corpo™'s stunt with Shit That Doesn't Exist™ is gonna risk the machine breaking down and exploding into a ball of fire, right?

I do not understand economics at all but I wanna laugh at something so do educate me if I get this wrong because afaik, it's pretty funny from what I can slightly comprehend.

Yeah, it's more or less right. This situation is beyond a doubt funny. 2021 started awesomely.

 

[BenJepheneT]

Yeah, it's more or less right. This situation is beyond a doubt funny. 2021 started awesomely.

View attachment 6079

From a live action Olympus Has Fallen to this. What's not to love?

 

[TheTrinary]

I had options that expired tomorrow but I sold too early on the first stock jump. I did not think it was going to climb this high. Really hate myself for that.

 

[CrusadeAgainstFurries]

I had options that expired tomorrow but I sold too early on the first stock jump. I did not think it was going to climb this high. Really hate myself for that.

Profit is profit. Who knows what happens tomorrow, so maybe you did the right choice.

 

[TheTrinary]

Profit is profit. Who knows what happens tomorrow, so maybe you did the right choice.

Sure... and that was my thought process. Might as well bank what I know I have.

Of course, I made a few hundred dollars on options that are worth about 60K now.

 

[TheTrinary]

Ah screw it. I'm waking up early and buying back in at open.

 

[Sabruness]

Also, apparently, the short-sellers are going back in? https://www.cnbc.com/2021/01/26/gam...ain-but-short-sellers-arent-backing-down.html. I guess the logical thing to expect is that the price of GameStop to fall again with such a huge increase given the natural flow of the market.

last time i checked, which was (admittedly) yesterday my time (or maybe today), gamestop had peaked at US$347.51 and is still at almost US$200 a share despite 2 online brokerage platforms pulling shenanigans to block retail traders from certain stocks (and calling govt attention down on themselves in the process).

This is all not to mention the hedge fund that was put to near death (and was only saved by a $2.75B cash injection from 2 other hedge funds) due to it being the prime string puller (reputedly) behind the short selling of gamestop.

all this shit is interesting and funny... and the effect is spreading to other stocks and other share markets where short sold stocks are being bought up by day traders and retail traders en masse.

 

[BenJepheneT]

 

[Yamemai]

last time i checked, which was (admittedly) yesterday my time (or maybe today), gamestop had peaked at US$347.51 and is still at almost US$200 a share despite 2 online brokerage platforms pulling shenanigans to block retail traders from certain stocks (and calling govt attention down on themselves in the process).

This is all not to mention the hedge fund that was put to near death (and was only saved by a $2.75B cash injection from 2 other hedge funds) due to it being the prime string puller (reputedly) behind the short selling of gamestop.

all this shit is interesting and funny... and the effect is spreading to other stocks and other share markets where short sold stocks are being bought up by day traders and retail traders en masse.

Remember seeing it at 4XX, at around 11, but yeah, it tanked due to the shenanigans.

 

[TheTrinary]

Really the only thing you need to take into account for any of the squeezes is the current outstanding shorts. And these are in the tens of millions still so these stocks are only going up until people break and mass sell.

 

[DekuKurohi]

What I gather about this situation