Today is the big day folks! Will retail investors get royally fucked over again, or will hedge funds go completely bankrupt when covering their shorts today?
Wtf is a short squeeze and when should I sell
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Chapo.Chat before $GME: YoU ClAiM tO bE a LeFtIsT yEt YoU pArTiCiPaTe In SoCiEtY
Chapo.Chat after $GME: :this: but unironically
Three minutes in, lol.
V stable economic system that requires it's masters to press pause lest it fall apart
It's starting at ~$350. If you used money you shouldn't have now would be a good time to pull out.
Otherwise if you just want to watch some hedge fund managers cry like me, pull up a chair and roast some marshmellows on the fire. :joker-dancing:
Not financial advice
The stock market is tanking right now. Hedge funds are withdrawing from traditional investments to cover their losses on GME.
This is only the beginning of their woes. I doubt we will see the short positions on GME go down much after today.
These hedge funds have to buy into the short squeeze we created to cover the interest on their shorts. They are still digging their own grave. They have no other choice.
umm... what? tanking? dude, the stock market is barely off an all time high. the whole GME thing is a couple billion. it's great for headlines, but that barely makes a dent in the normal volume across the market as a whole.
600 pts off the all time high is significant, especially when this week has been the most volatile week since March. Remember that? When stocks saw their sharpest downturn in history?
The "GME thing" is not a "couple billion." It is, alongside the other squeezed stocks, the most traded stock this week.
Yesterday, the main clearing house which manages 95% of trades that happen in the world, suffered a liquidity crisis & nearly had to shut down all trading. That is a looming possibility through this squeeze.
GME is great for headlines. It's clear you don't read much more than that.
lemme know when the market shuts down due to people using the market. I'll be here.
Read about trading curbs. That would be a good place to start. Or go learn about the halted trading due to liquidity yesterday. "Market shuts down due to people using the market" isn't as bizarre as you are framing it to be.
a trading halt isn't the same as the market breaking. you need to calm down a little bit.
lemme know when the market shuts down due to people using the market.
Sure sounds like something you were unaware of
Also, please, just inform yourself of what happened yesterday. DTC had a serious liquidity crisis, and this squeeze has barely begun. [1]
It sounds to me like you started learning about the stock market recently and are really excited to tell everyone what you learned. and that's great, but you need to take it down a notch. you're being debate bro-y, and it's a bit much.
I've posted financial news on here & the Chapo sub before this since the Fed began pumping the Repo market back in September 2019.
I don't want to be "debate bro"-y but you've just been lying nonstop.
trading volume is way down from yesterday, people seem to be holding.
Saw an article comparing retail investor revolt to chuds storming the capitol. Media throwing everything at the wall trying to turn public opinion. Good fucking luck lol
They all have the same root cause. The neoliberal world order is collapsing. Everyone besides the international bourgeoisie wants to tear the system down.
Some talking head said this back on Tuesday and that's what convinced me to throw my fun money in. I don't know how stocks work but I do know what it looks like when people in power are getting shit scared
My favorite thing about this saga is watching the propagandists on talk like it's a bad thing that ordinary people are investing to KEEP A BUSINESS FROM GOING BANKRUPT. But it's their job to go on TV and hype up the market as being an omnipotent and benevolent actor, and they're appalled that nobody fucking believes them. So now they're whining because the "fundamentals" of the business are bad. Bitch, that's entirely beside the point.
The markets are not rationale, the markets are not efficient. Everyone throwing their money in this understands that. They don't care about the fundamentals (I mean, some do and think the business can pivot, but most don't give a shit). They don't believe in the company, they believe (correctly) that the markets are completely detached from the economy as they experience it. They understand that the markets are supply side driven and that it only serves ruling-class interests and desires. They understand that big capital can snap their fingers and decimate market sectors that don't funnel money directly upward to them, and they don't like that. So they just want to throw a monkey wrench in the whole thing, and why wouldn't they?
It's hilarious to me that the one time we experience something even remotely close to seeing full "participation" in the market, which is and always has been the libertarian talking point justifying the existence of free-markets to begin with, everyone has a meltdown and the rabble need to be protected for their own good. Funny, that
All that being said, though. This is a heavy indicator that we are at the precipice of a major financial reckoning, so now would be a good time to highlight the absurdities of capitalism and to steer people away from people on the right who will also try to steer this energy toward anti-""globalists"""" and anti-big tech/government rather than capitalism itself. Be on the lookout for that.
It would be hilarious if somehow GameStop when bankrupt with a stock price in the thousands.
:sicko-wistful:
Robinhood has been progressively lowering the amount of stocks you can buy from both AMC and GME, could not be more obvious. down to 1 GME and 10 AMC
https://old.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/
Probably one of the most important threads to read to understand what went down yesterday and what will probably repeat today.
This post is somewhat encouraging. Even if most of that sub licks Elon's boots it seems a minority of them are starting to wake up.
If these short sellers go bust. They'll have to liquidate their assets which means that we'll be getting a fire deal a lot of their holdings. The drop in the S&P has already shown that they are liquidating some of their positions.
