Big Sky Guy
Well-known member
- Joined
- Dec 10, 2018
- Messages
- 504
Close enough?
Reddit WallStreetBets vs Wall Street hedge funds
- Thread starter ddcdevelopment
- Start date
SAJ-99
Well-known member
Pretty much what expected. Like the Boomers who scream bloody hell about socialism ending America and then sign up for Medicare the exact day they eligible. You can’t seem to pick a lane either. Is Libertarian Socialism even a thing?Buying GME stock with our stimulus has proven to be much more entertaining!
I’m just giving you shat. Young men have always loved a good revolution... correction...young men have always enjoyed taking about a good revolution. What I like is how Millennials act like they discovered the short squeeze. Investors have loved a short squeeze for over a century. Look up Piggly Wiggly.
I wonder what millennials in the internet will “discover” next. The wheel maybe?
I must be under thinking this action.
What I saw was the classic buy stocks to make shorts cover their overplayed position which pushes the stock price up. The Rs should have sold to take their profits by now. If they’re still holding GameStop, well, good luck.
This is not the first nor the last time on Wall Street when someone sees an opportunity to take advantage of a overplayed position.
I don’t think how/who being Reddit people means a trading Revolution is occurring. It’s simply how the information was distributed. It could have been distributed through trading newspapers a hundred years go. They got lucky once in taking advantage of an exposed position. Hedge funds, etc, are tightening up its short positions to protect themselves going forward.
What I saw was the classic buy stocks to make shorts cover their overplayed position which pushes the stock price up. The Rs should have sold to take their profits by now. If they’re still holding GameStop, well, good luck.
This is not the first nor the last time on Wall Street when someone sees an opportunity to take advantage of a overplayed position.
I don’t think how/who being Reddit people means a trading Revolution is occurring. It’s simply how the information was distributed. It could have been distributed through trading newspapers a hundred years go. They got lucky once in taking advantage of an exposed position. Hedge funds, etc, are tightening up its short positions to protect themselves going forward.
BigHornRam
Well-known member
The true believers have used their stimulus wad to set all this in motion and plan to hold on to the stock. One time play. Of course the Judas in their ranks will cash out for a quick buck leaving them holding a worthless stock. Then back to mom and dad basement to play video games.
Irrelevant
Well-known member
Well call me "boomer souled" but I like the consistent growth of these so called not capitalistic, hedge fund manipulated markets. Not everyone can decipher wsb speak fast enough to make money without feeling like they're at the roulette table.
Despite what BHR claims, Tesla is an energy pioneer. They make stuff people really want. They have a very bright future.
GME on the other hand, or AMC, are failing companies in failing markets. They deserve to fail. It's called capitalism.
Despite what BHR claims, Tesla is an energy pioneer. They make stuff people really want. They have a very bright future.
GME on the other hand, or AMC, are failing companies in failing markets. They deserve to fail. It's called capitalism.
noharleyyet
Well-known member
...and there are still boomers signing paychecks on the front, invested, ambivalent about their lawns, and paying chitloads of taxes.
Tiredofthebickering
Well-known member
- Joined
- Sep 19, 2016
- Messages
- 2,811
Agreed, but if someone can make a buck off them in the meantime all the power to them.
BigHornRam
Well-known member
Tesla's solar roof is total con job. This will end in disaster.
www.solarreviews.com
Complete Guide To The Tesla Solar Roof: Is It Better Than Installing Solar Panels?
The Tesla Solar Roof has changed over the years. What's the latest solar roof news, and is it worth the cost? The answer may surprise you!
www.solarreviews.com
Gerald Martin
Well-known member
- Joined
- Jul 3, 2009
- Messages
- 8,319
You mean this isn’t about bringing back classic Super Mario Brothers? The best. Game. Ever.....EVER!
SAJ-99
Well-known member
This thread died faster than the price of GME. I think above is the best post. Wisdom is often hidden in plain sight.
Irrelevant
Well-known member
I'm enjoying the fall of the big WSB stocks as well as better play in RH, many of the restrictions have been lifted enough to suit my needs.
BigHornRam
Well-known member
The flash mob has moved on to bigger and better things, like busting MOGA's balls.
The underlying theme behind this conversation and many others going on right now is that a lot of people would love to see the "big guy" fail... Sort of a "screw the government" type of attitude... We all want to see the little guy triumph in a david vs. goliath type of a way. And sure, problems exist. If Gamestop was going to fail then let it fail. That's capitalism. Bailouts aren't capitalism.
But the battles people are picking right now are amusing to say the least... Everyone wants to be a politician without ever running for office
But the battles people are picking right now are amusing to say the least... Everyone wants to be a politician without ever running for office
i feel like people keep forgetting that the interest in gamestop on WSB was really borne of a belief that with ryan cohens activism and experience it can be turned around. it wasn't just a "oh this stock is heavily shorted? let's join hands and squeeze it." at least initially it wasn't just that...
Jan 11:
www.wsj.com
Feb 3:
www.morningstar.com
yeah, the stock squozed and it now its coming back down, okay cool, doesn't mean it's now officially a dead company. i still don't think the gamestop saga is over. i'm not calling it a dead company until it's actually dead
Jan 11:
Chewy Co-Founder Joins GameStop’s Board After Pushing Overhaul
Ryan Cohen wants the retailer to pare store count and focus on online videogames.
www.wsj.com
Feb 3:
GameStop Shares Jump After Company Names New Executives
yeah, the stock squozed and it now its coming back down, okay cool, doesn't mean it's now officially a dead company. i still don't think the gamestop saga is over. i'm not calling it a dead company until it's actually dead
Last edited:
SAJ-99
Well-known member
They were already closing stores and plan to close more. The company is bleeding out slowly. You can build a narrative around a "new leadership and a rebuild" but the core business was buying old games from kids for $2 and reselling them to other kids for $12. That model is basically dead and taking the same path as music stores. And while that might have been the original thesis, that isn't what drove it to $400/shr.i feel like people keep forgetting that the interest in gamestop on WSB was really borne of a belief that with ryan cohens activism and experience it can be turned around. it wasn't just a "oh this stock is heavily shorted? let's join hands and squeeze it." at least initially it wasn't just that...
Jan 11:
Chewy Co-Founder Joins GameStop’s Board After Pushing Overhaul
Ryan Cohen wants the retailer to pare store count and focus on online videogames.
Feb 3:
GameStop Shares Jump After Company Names New Executives
yeah, the stock squozed and it now its coming back down, okay cool, doesn't mean it's now officially a dead company. i still don't think the gamestop saga is over. i'm not calling it a dead company until it's actually dead
IT takes a long time for a company to die. They have a bond coming due in March and will probably be able to find buyers to roll into a new bond, simply because the Fed has pressed rates so low and a 6.5% bond will be attractive to many.
This story shouldn't be about the people who made money on the squeeze, it should be those shouting about holding after the stock ran up just to "screw Wall Street". Wall Street always wins, so take your gain and run.
BigHornRam
Well-known member
Anyone want to buy 50,000 shares of gamestop, like real quickly? Asking for a friend. 
www.cnbc.com
Reddit user who helped inspire GameStop mania says he lost $13 million on Tuesday, but is still holding on
Keith Gill — who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube — says he had a loss north of $13 million on Tuesday alone from his GameStop bet.
the original thesis garnered the interest. duh, that's not what drove the price....
are you saying it's impossible for a company to turnaround? are you saying gamestop cannot change its model? if a company is only allowed to keep the model it started with then i will say gamestop is 100% dead and agree with you. but we all know that's now how business works, youre allowed to adapt... at least your allowed to attempt to adapt - it seems youre saying they are not allowed to attempt to adapt
lot's of people bought at 15 bucks a share on the belief that ryan cohen was gonna lay a new vision for this company. if that's why they bought and their belief in that hasn't changed, why would they sell?
SAJ-99
Well-known member
No I'm not saying that. They can change. Close stores - 300 here, 1,000 there, 400 more over there. Sell Games online you say? Sure, I guess. But think, who likes to buy software through a third party when you can just buy it from Microsoft on the Xbox or Playstation through their online store. It is a tough road ahead. Retail sucks. The question isn't about what is possible, it is about what are the odds of the possible vs the probable. If you want to see how long it takes a business to die, look at a chart of JCPenny. And even that company will be resurrected, but the old equity holders will get nothing.
From an investing perspective, make it a small bet. From a trading perspective, if you own it, you have a ton of overhead supply = people who bought at a higher price, don't want to take a loss or still believe in whatever narrative fits their life view. Get them to break even and they are out. Options are still very expensive. Don't be a hero. Selling covered calls allows to collect some premium.
Irrelevant
Well-known member
For Game Stop to survive they're going to have to get streaming service agreements direct with game manufacturers. They'll need to go the route of Netflix. And I just don't see how they're going to offer better incentives than the big guys already in the cloud space.
Investing money in GameStop might have made sense at the lower stock prices. However, when your investment pays off, sell and buy an island. DeepF—-Value is being stupid at this point. How long until he gets back the 70% he lost since Friday?
Never.
Never.
Similar threads
