General Discussion

Drahthaardogs

(6,843 posts)

19. No! That's NOT what happened!

Sun Jan 31, 2021, 10:44 PM

Jan 2021

The hedgefunders were being vultures and shorted (which should be illegal anyway) GME because all brick and mortar is suffering.

Nasty little secret is if you short massively more than the float (available shares for public trading), and business goes bankrupt, you owe the broker NOTHING!

The fuckers know this so purposely tried to dump and dip the GME into bankruptcy. WSB had been buying the stock since 2019 because it was undervalued, and likely hurting from the pandemic. Lots of them bought GME and AMC because they were undervalued for a reason.

Hege fund assholes were dumping and setting shorts down to zero to purposely drive GME into bankruptcy. WSB said, fuck no, and bought like crazy. Then they HELD so the fucks couldn’t short their way out of it.

Robinhood, who funds Milton starting halting trades to help their buddies.

These guys are FUCKING heroes. They stopped what should be a crime in its tracks and shot the robbers in the process

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About the Reddit traders and Game Stop. [View all] flamin lib Jan 2021 OP

I don't know much about the stock market, Mr.Bill Jan 2021 #1

Yeah, what you just said. nt flamin lib Jan 2021 #10

I don't want to see the Hedge Funds protected in at all. They are vultures. Demsrule86 Jan 2021 #26

I don't either. Mr.Bill Jan 2021 #27

They did not artificially drive up the price to sell it jorgevlorgan Jan 2021 #2

Uh, no. Some have already sold at a huge profit. flamin lib Jan 2021 #5

Um no. "some" is not a collective action jorgevlorgan Jan 2021 #9

However jorgevlorgan Jan 2021 #15

You're in over your head Drahthaardogs Feb 2021 #31

This message was self-deleted by its author flamin lib Jan 2021 #8

It's not a pump and dump superpatriotman Jan 2021 #3

By all appearances it is. flamin lib Jan 2021 #12

Almost no one here has any sympathy for the Hedge Funds folk...and that is true on righty sites too. Demsrule86 Jan 2021 #25

As with some animal abuse stories, and sports stories The Mouth Feb 2021 #37

I agree. They are bottom feeders and give nothing back . Demsrule86 Feb 2021 #38

Agreed Dem2 Jan 2021 #13

They bought to Expose the Short Hedgers and Hedge funds are like dine and dashers anyways RANDYWILDMAN Jan 2021 #4

Thanks, that's a good response. nt flamin lib Jan 2021 #6

I've never liked the idea of futures, so k&r. BootinUp Jan 2021 #7

it isn't a pump and dump, though ... it was a pretty reasonable move against overreaching shorters fishwax Jan 2021 #11

Sorry to disagree. flamin lib Jan 2021 #16

The stock was at about $3-5 dollars when this started back in 2019 fishwax Jan 2021 #22

Thank you for your intelligent review of the possibilities of Game Stop's future. flamin lib Feb 2021 #29

They manipulate it into bankruptcy Drahthaardogs Feb 2021 #32

I'm sorry, but the decision to short and the decision to buy aren't remotely comparable fishwax Feb 2021 #35

People still play games and there is a market for it... but here is the thing who appointed fucking Demsrule86 Jan 2021 #24

Sorry, but you don't understand this issue at all... PoliticAverse Jan 2021 #14

Thanks for you're valuable insight. nt flamin lib Feb 2021 #30

I'm cheering for David PersianStar Jan 2021 #17

It's not pump and dump. It's similar in some ways but quite the opposite in others. RockRaven Jan 2021 #18

Thank you for this overview of the Game Stop scenario. flamin lib Feb 2021 #33

No! That's NOT what happened! Drahthaardogs Jan 2021 #19

+100000 Demsrule86 Jan 2021 #21

"Nasty little secret is if you short massively more than the float " this is the uponit7771 Feb 2021 #28

I wish I could rec your post. n/t Coventina Feb 2021 #34

What Hedge Funds do is not right...they deserve it. Demsrule86 Jan 2021 #20

But that's not what happened, and now Robinhood has instituted unique regulations to punish MerryBlooms Jan 2021 #23

Robinhood didn't have a choice in the matter Massacure Feb 2021 #36