I have been following GME since mid-September and over that time I have banked myself a %1300 return in the process. However, the whole time I was a little puzzled with how severe the reactions from Wall Street have been, especially this week. "The company had more than 100% of its stock sold short! That's never happened before!", you say. I know, I know, but that's not actually not a new thing. A short squeeze, even one of this magnitude, should have squoze by now with GME up more than 10x in the span of weeks. Something is just not right. I think there is something much, much bigger going on here. Something big enough to blow up the entire financial system.
Here is my hypothesis: I think the hedge funds, clearing houses, and DTC executed a coordinated effort to put Game Stop out of business by conspiring to create a gargantuan number of counterfeit shares of GME, possibly 100-200% or more of the shares originally issued by Game Stop. In the process, they may have accidentally created a bomb that could blow up the entire system as we know it and we're seeing their efforts to cover this up unfold now. What is that bomb? I believe retail investors may hold more than 100% of GME (not just 100% of the float, more than 100% of the actual company). This would be definitive proof of illegal activity at the highest levels of the financial system.
For you to follow this argument, you need to go read the white paper "Counterfeiting Stock 2.0" so you understand how the hedge funds can create fake stock out of thin air and disguise it so it looks like real shares. They use these fake shares in short attacks to drive the price of a company down until they put them into bankruptcy. This practice seems to be widespread among hedge funds that go short. There is even a term for it, "strategic fails–to–deliver." Counterfeiting shares is extremely illegal (similar level to counterfeiting money) but it's very difficult to prove and even getting the court to approve subpoenas because of the way the financial industry has stacked the deck against investigations.
This completely explains why so many levels of t... keep reading on reddit ➡
TIME is the enemy of Wall Street. They’re running like a chicken with no head. They have to COVER and pay INTEREST!!
AS LONG AS YOU HOLD AND DONT SELL, those big dips are NOT REALIZED LOSSES! They’re just psychological losses to make you DOUBT AND SELL!
Brokers restricting PURCHASE of these stocks is creating an UNFAIR ratio of SUPPLY and due to the restriction of stock it creates a LOW DEMAND! Therefore when there’s a big supply and low demand is when the stock price goes down. However, there is A LOT OF DEMAND and that’s why they’re playing DIRTY and restricted purchase to CREATE A FAKE LOW DEMAND! That’s why there are lawsuits.
HOLD AND BUY THE DIPS
DONT LET WALL STREET BULLY YOU
AS DAY PASSES WALL STREET CONTINUE TO BLEED since they have to cover and pay interest
4)HOLD AND BUY🚀🚀🚀🚀🚀🌕
5)REMOVE YOUR STOP LOSSES❗️❗️❗️❗️❗️
SET LIMIT AS HIGH AS YIU CAN
DO NOT LOCK IN GAINS because you want to BUY DIPS. With the restriction, this strategy is not plausible
AMC/GME ruled out bankruptcy so your stock won’t be $0
DOUBLE CHECK any news or analyst or posts as they may try to scare you with fake facts. Do your own DD
think positive of the BIG REWARD. You CANT lose more than your total investment but GAINS ARE LIMITLESS and this is what’s SCARING wallstreet. (Example if you invested 10k, all you would lose would be 10k but could be walking away with 100k, 1 million , 10 million depending on the resilience of all of us to BUY AND HOLD🚀🚀🚀🚀🚀🚀🚀🚀🌕)
Check (barstool el presidente) David Portnoy’s videos where he simplified and explains the illegal shit wallstreet is doing. Gotta love this man
Elon Musk dives in: https://www.reddit.com/r/wallstreetbets/comments/l5nqcu/im_gonna_cum/
Telling hedge funds to suck it: https://www.reddit.com/r/wallstreetbets/comments/l5krk7/this_is_personal_for_all_of_us/
Fox Business picks up the story: https://www.reddit.com/r/wallstreetbets/comments/l5mir9/fox_business/
On CNBC, the hosts and the interviewees kept circling back to how retail investors are in over our heads. As if we're all so dumb that we don't realize these stocks can go down just like they can go up. Motherfu**er, have you even been through this subreddit? We know exactly what the risks are.
This is the sub where people post graphs from March showing themselves 1000X'ing on Puts and then losing it all right back. We get it more than you do CNBC. We know there is risk. Stop acting like you need to hold our hands and protect us. That's bullshit. None of you actually care, you're just upset that retail is absolutely killing it while your shitty portfolio is selling off.
What exactly are we risking anyways? Most people on WSB are young with maybe a few $10K's in the bank. We are the exact people who should be taking risks. $10K invested in the stock market even over the next 30 years isn't gonna change your life. These guys are flying around in private jets telling you to save for retirement so that you won't get kicked out of your shitty apartment at 65 years old.
This is a moment in history where billions of dollars have flowed from the rich to the poor. Where it'll end up, who knows, but I guarantee that we'd rather play the game and take the loss if it happens than sit on the sidelines and play it safe. The truth is that if you want to make it in this world, you have to take big ass risks. The downside is usually overstated.
So yeah, fuck off CNBC analysts and stop telling us you're worried we'll get hurt. That's not your real worry. Your worry is that we're exposing how rigged the system really is.
Since RH clearly is sucking off everyone on Wall Street and making the market completely unfair. I’d like for them to lose as many consumers for their business as possible and I’ll happily join the boycott against RH. Please suggest any brokers that aren’t as fucked as RH, I appreciate any suggestions ty.
There are 46.89 million floating shares of GME available on the market. If the price per share hits $69,420, that’s a total value of $3,255,103,800,000, roughly all hedge fund assets as of 2019/2020.
We’re living in a simulation
Numbers are from: https://finance.yahoo.com/quote/GME/key-statistics/ https://www.investopedia.com/articles/investing/102113/what-are-hedge-funds.asp
(I am not a professional, this is not advice, do your own research, and invest at your own risk.)
For years, the crypto community has pointed to government control over fiat money as the reason Bitcoin needs to exist. People need an asset that they know can't be arbitrarily printed or controlled by corrupt governments.
And after 12 years, this narrative is taking hold. The financial industry is starting to take Bitcoin seriously, investors and large corporations are putting Bitcoin on their balance sheet to reduce their dependency on the behavior of the US federal government.
But the next fight is upon us.
This week, the common folk of the internet discovered their power. They discovered that by working together, they can challenge the powerful entities of Wall Street.
And Wall Street hates it.
As of right now, Robinhood and most other trading products are in "reduce only mode".
Wall Street has decided that you're not responsible enough to buy the stocks that you like, so they've taken away your stock buying privileges.
Of course, hedge funds will still have access to GME and AMC. But not you.
This is why Bitcoin is only the beginning of this revolution.
It's not simply enough to be able to custody your own assets. You need to be able to trade them, to lend them, to leverage them. You should have access to the same financial instruments that the rich people on Wall Street have access to.
This is why we need DeFi
Nobody can turn off Uniswap. Nobody can turn off Aave. Nobody can turn off Synthetix.
Nobody can tell you that leverage-longing some shitcoin is irresponsible and you're not allowed to do it.
This can be our moment.
Thousands of people, from WSB to Twitter, have just been deplatformed, just for wanting to invest their money as they see fit.
Let's show them the future. Let's show them a world where finance is not owned by any government or hedge fund or billionaire.
A world where, as long as you're not hurting anyone, you're free to use your money however you like.
They tried to short the stock into oblivion.
We saw. We bought. We held.
They hemorrhaged funds and bailed each other out.
We laughed and bought more.
They manipulated the stock down with short ladders and doubling down on their short interest.
We bought the dips and began to squeeze.
They convinced our platforms to block us from buying, even forced some to sell.
We said fuck robinhood et all, rode the wave, and bought and held with platforms that support the people (shoutout fidelity).
What else have they left to do? The brokers who still allow free trading wouldn’t dare face the same backlash robinhood and others have received. Hedge funds can keep doubling down on their shorts and try to manipulate their stock but they know we’ll hold. The day of reckoning is upon us, the battle has just begun, and they’re already out of bullets. This is a fight for the people now, stand strong brothers.
Not financial advice, take your own risks.
It seems as though almost immediately after market close almost all the hype died in social media platforms. At least as compared to the excitement and rage that was still very much present the minute before the market closed. 🧐
Articles have started to trickle down on Reddit and other social media platforms trying to explain how this is a bad idea and justify the actions of Robinhood and other brokerage firms. The apologist is coming out in force trying to put out the flames and cool everyone off because it’s the weekend.
Don’t allow yourselves to be fooled. You are all now an alchemist. You turn shit 💩 stocks into gold 💰. In the following days, the most likely thing that will occur is that these billionaires will go to great lengths to continue to justify their actions and reinforce their legal and financial defenses. They will go out of their way to demoralize investors and try to make paper hands 🙌🏻 out of 💎 🙌🏻 winners.
Don’t be fooled, don’t be detoured, don’t be discouraged. Your greatest assets are your cumulative purchasing power and the rage that drives you to continue holding and purchasing despite all the rationalizing that is going on in an attempt to stifle your capital growth 🚀🌕
Don’t forget your destination. 🌕🪐👩🚀💎🙌🏻
Not giving advice... just another retard with an opinion
I'm an actual wall street type. I bought a stonk in support.
I'm scared. I'm nervous. I'm watching the dips. I'm right here with all of you.
I think it's important that we trust each other. We are partners. I'm not giving financial advice. I'm telling it like it is. We are "MEMBERS".
Hold the line. Trust that there are people out there who aren't trying to beat you to the punch. I'm holding. I want this thing to go to $1. I want it to go to $10. I want it to go to $1000.
LET'S STAND TOGETHER. We can do this. We can make history. This week has been like nothing anybody has ever seen. But we have power here.
I want to marry my girlfriend. I want a ring. I'm 23 and I want a better life for my family and for the people that I care about.
God bless you guys. Wishing you wealth.
EDIT 1: As this post gets more and more upvotes, the question I want to ask is this: "How can we create a sense of community with one another? How can we build trust? If we can build a sense of trust that's an imperative of the "brand" itself, we can move mountains together.
EDIT 2: I think positivity and trust is the key. I know that sounds cringe, but I'm WSB has taught us we are powerful. If we can figure out how to operate like a business, we can do what Wall Street has always done.
EDIT 3: PLEASE let me know what you think. I’m trying to learn. We may be onto something real...but who knows? https://www.reddit.com/r/dogecoin/comments/l7fm0g/32k_wall_street_bets_taught_us_that_if_we_trust/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
DOES ANYONE HAVE ANY IDEA HOW WE CAN MAKE THIS HAPPEN?
Wishing everyone out there the best. You guys are helping me change my life. And I'm here with you. God bless and Godspeed.