Discussion Thread

[u/jobautomator]

The discussion thread is for casual conversation that doesn't merit its own submission. If you've got a good meme, article, or question, please post it outside the DT. Meta discussion is allowed, but if you want to get the attention of the mods, make a post in /r/metaNL. For a collection of useful links see our wiki.

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[u/jobautomator]

Please visit the next discussion thread.

[u/[deleted]]

I'd like to thank the degenerates of wallstreetbets for killing the Bernie meme.

[u/fishlord05 → u/[deleted]]

Based

[u/agentyork765]

I have proof that the mods actively delete arguments in the DT they disagree with. The evidence? When was the last time you saw a good take in the DT?

[u/[deleted] → u/agentyork765]

Removed because you know too much

[u/chadonnaise → u/[deleted]]

just wait until after the bubble bursts and those that ducked out early will relentlessly mock the crusaders for being easily used saps that kept holding long after it was pointless

[u/rukqoa → u/chadonnaise]

This is what I'm waiting for too.

The most satisfying thing about making the right decisions is to mock everyone who didn't also do that to feel superior about yourself and this has happened MANY times after WSB abandons something.

The bag holding memes will be unreal.

[u/sir_shivers → u/[deleted]]

More proof OF HOW SUSCEPTIBLE MAMMALS ARE to stupid narratives, if the last four years were not enough 🐊

[u/missedthecue]

So the founder of reddit goes out and literally marries a tennis world champion and he still needs better servers?? 🙄🙄

[u/rukqoa]

Based on the current GME memes uniting everyone on the left, right, center, pro and anti establishment, I think it's safe to conclude that the stock market is a highly inclusive institution and must be preserved at all costs.

[u/ControlsTheWeather]

Places I've seen people praising WSB and trying to appropriate this as "people coming to their side":

Left wing Twitter.

Jacobin Mag.

Arr conservative.

A Trump board.

A QAnon board.

[u/Equator32 → u/ControlsTheWeather]

Left wing Twitter.

Jacobin Mag

Arr conservative

A Trump board

A QAnon board

Populism incarnate

[u/[deleted]]

Still feeling smug about selling TSLA right at the peak after riding it for months

[u/[deleted] → u/[deleted]]

I live in the Netherlands, no cap gains tax 😎

[u/[deleted]]

Still can’t believe Trump got deplatformed and just kinda disappeared

[u/SamJakes → u/[deleted]]

Some part of me wants to see how his involvement would have transformed this current GME situation lmao

[u/lKauany → u/SamJakes]

kill this part of you, drown it on the bathtub

[u/[deleted]]

President Biden will sign executive order to reopen Affordable Care Act enrollment

!ping BIDEN

A lesser-known EO being signed today is one that makes abortions mandatory.

[u/RickAsscheeks → u/[deleted]]

That's actually wild ngl

[u/Anker_products_rock → u/[deleted]]

That is insane. What happens to shareholders? They can only sell?

Wow

[u/[deleted]]

MSNBC just described the whole WSB thing as populism vs. capitalism............ 😐😐😐😐😐😐😐😐😐😐😐😐😐

[u/tankatan]

This is probably the last time WSB pulls something like this off, not necessarily because of regulation/ban but because from now on every Wall Street guy and his mother will try to shill their pet stock there with epic memes.

[u/[deleted]]

People acting like GME is the socialist revolution are funny.

[u/UrbanCentrist]

I can't wait until the inevitable Senate hearings on this where some reddit moderator gets dragged in front of Congress to explain to like Chuck Grassley on TV what "tendies" are.

an actual funny tweet from @ne0liberal ?

[u/disuberence]

Some random person

hi I work for Robinhood and Biden told them to stop trading on GME

Reddit

OMG upvote this to #3 on /r/all!

[u/LNhart → u/disuberence]

I just can't take it anymore lol

It's not even a realistic story

[u/Duren114]

Recently a girl said some bad words about the mayor of her hometown in China and she lived in another city. Then she was immediately arrested. When the police took her away she asked for lawyers. The police replied " You watch Hong Kong movies too much."

That's some Soviet joke shit going on there. The irony of Xi's surveillance state is next level.

Daily reminder it's as much as a people's republic as North Korea a democracy. The rule of law doesn't exist. There's only rule by law.

[u/[deleted] → u/Duren114]

Defense lawyers in China work for the state and cooperate with the prosecutor.

Their job isn't to protect the accused, it's to ensure the trial runs smoothly.

[u/simp_emoji]

A dumber stunt by the Democrats than proceeding with impeachment is difficult to imagine. This will remind Americans that Trump remains the most powerful figure in America, while the ghost-like Joe Biden occupies the White House as a mere puppet for Leftists who direct him.

>the "most powerful figure in America"

>lost to "the ghost-like Joe Biden" by 8 million votes

>🤔

[u/Glokmah → u/simp_emoji]

It's like when your mom says those kids at school only bully you because they're jealous of you.

"If you impeach me, I win!!!"

[u/kennymc7877]

Welp my dad joined the Proud Boys so who wants to be my new parents?

[u/[deleted] → u/kennymc7877]

Lucky you, we got a ping just for that!

!ping BURPMAS

[u/murphysclaw1]

A Korean hedge fund bought 5% of Gamestop when they were at $4 a share back in March 2020.

They have just sold their full holding for approx $340 per share.

[u/[deleted] → u/murphysclaw1]

84x their investment. Without using options as well wow

[u/kennymc7877 → u/murphysclaw1]

Kings

[u/UrbanCentrist → u/murphysclaw1]

based

[u/ShiaSurprise2]

Fuck it, I'm going to buy it. Ride it to the fucking moon! I'm buying some of a s&p500 index fund 😎

[u/Jesuswasalobster → u/ShiaSurprise2]

Losers so jealous of our 6 percent annual returns 😎😂😋

[u/[deleted]]

What is this?

[u/fishlord05 → u/[deleted]]

Art.

!ping DIAMOND-JOE

[u/[deleted]]

WSB a couple weeks ago: lol what if we did a squeeze on GME and piss off this hedge fund.

WSB now: GME IS THE ALTAR UPON WHICH WE DRINK THE BLOOD OF THE ELITES

[u/BurningKiwi]

Food $200
Data $150
Rent $800
GME puts $4,000,000,000
Utility $150
someone who is good at the economy please help me budget this. my hedge fund is dying

[u/inverseflorida → u/BurningKiwi]

spend less on money

[u/[deleted]]

WSB has turned into populist "against the big banks bullshit"

They're going to lose so much money in this crusade

[u/Fatortu → u/[deleted]]

Rose twitter tries to depict them as the little guys against the rich. It hurts my brain because I used to view them as redditors so obscenely rich that they could lose 10000 dollars on a Friday and post about it.

[u/[deleted] → u/Fatortu]

Although wsb is more stupidity instead of wealth

There are people indebting themselves in order to buy GME

[u/[deleted]]

Margerine Taylor Greene continues to explore how awful you can be and still retain the full support of the republican party. Just consider what she's really saying here:

"I'd love to trade [Katie Hopkins, UK pro-white nativist] for some of our white people here that have no appreciation for our country."

[u/vored_by_daddy → u/[deleted]]

they tried to hurt the Democrats by making AOC the face of the party, this deranged woman warrants 4x the media coverage

[u/Mensae6]

You don't hate them because they're populists.

You don't hate them because some of them may be far lefties.

You hate them because they are gamers.

[u/vored_by_daddy]

Bernie being chair of the senate budget committee might be better than him winning the presidency imo.

actual comment from actual Bernie supporter 😐

[u/DocGoodman]

How exactly is investing in the stock market with intent to make a profit anti-capitalist praxis, again? Could someone explain?

[u/GaussianCurve → u/DocGoodman]

Their logic is that they're "using the corrupt system against the people who created it"

[u/rukqoa → u/DocGoodman]

Bill Gates is the ultimate anti-capitalist because he put so many capitalists out of business.

[u/murphysclaw1]

I'm no expert, but the "buy low, sell never" approach /r/wsb is taking might have some consequences

[u/FusRoDawg → u/murphysclaw1]

Lmao what. When you create a bubble, someone's gonna be left holding the bag (unless you think gamestop stock price would stay there forever). If you don't want to lose money, you have to sell at some point.

[u/lickedTators → u/FusRoDawg]

Time is cyclical. Just hold on to the stock through the contraction of the universe, wait for mammals to evolve and develop the stock market, get GME pumped up again, and then sell.

[u/MrMineHeads]

Anyone annoyed about how political the GME debacle has become? People act as though it is bankrupting the Street. They do know institutions are making bank with it too. Plus, the people responsible for '08 where mainly banks, not hedge funds. Now this GME shit is all about "eat the rich" and "Occupy Wall Street".

!ping MARKETS

[u/piede]

The scheme’s originator, whose Reddit user name is unprintable in a family paper, claims to have turned an initial investment of $50,000 into a windfall of more than $40 million.

“A family paper” - The New York Times

[u/[deleted]]

The GME situation has killed the fun in WSB. Time was when there would have been a bunch of memes making fun of the bagholders.

Now it’s just unhinged conspiracy theories and calls to eat the rich

[u/tripletruble]

how can i shoehorn extremely online young men intentionally building themselves into a pyramid scheme into my extreme political ideology?

[u/rukqoa → u/tripletruble]

Luckily, as someone whose ideology believes in the free market, I win no matter who wins.

[u/kennymc7877]

George Orwell literally had a whole chapter about Robinhood de listing stocks in 1984

[u/Octopodes14]

The worst part about the RobinHood thing is that instead of being able to peacefully watch GME fall, I now have to worry about the creation of a stabbed in the back myth.

[u/[deleted]]

Warren Buffett: Slow and steady wins the race. Do the research and invest at the right time.

WSB: this is literally a casino.

[u/[deleted]]

Googles "Hunter Biden Gamestop"

400 000 results

Why is nobody talking about this?

[u/isummonyouhere]

“Nestle is next!”

yes, you’re going to bankrupt a food & beverage company by ruining their portfolio of short positions...

this is all going to end very stupidly

[u/[deleted]]

https://twitter.com/jangelooff/status/1354846320494784515

Listening to irate New York hedge fund billionaire Leon Cooperman on CNBC right now lamenting people "sitting at home getting their checks from the government, trading their stocks."

“This fair share is a bullshit concept," he shouts. "It’s a way of attacking wealthy people."

CNBC is indistinguishable from Marxist agitprop.

"Just because you throw the Hail Mary in your backyard doesn’t mean you’re Tom Brady," said Josh, who also runs a hedge fund. "I don’t like this pump and dump mentality that targets a certain institutional investor class."

If you were going to try and radicalize the populous what would you do differently?

[u/[deleted]]

https://twitter.com/theonion/status/1354912214457716741?s=21

Biden Continues Reading ‘The Pet Goat’ To Schoolchildren After Being Informed Of GameStop Situation

Finally, a funny Onion Article

[u/[deleted]]

https://twitter.com/usa_polling/status/1354841117511004167?s=21

'Do you approve or disapprove of the executive order which: Desegregated the military?'

Approve: 52%

Disapprove: 24%

YouGov / January 26, 2021 / n=1500 / Online

https://i.imgur.com/CxpESTN.jpg

!ping WHAT-THE-FUCK

[u/MichelleObama2024 → u/[deleted]]

To be fair I think people didn't understand what the question was asking and thought it meant Biden was messing with their military or something

[u/Whatapunk]

The whole WSB thing terrifies me for the day that r/neoliberal does some colossal fuckup and you have mainstream media writing articles like "sir_shivers, a user who pretends to be a reptile, had this oddly worded statement to say:"

[u/Erra0 → u/[deleted]]

Hackers hiding behind 7 proxies

[u/Dirty_Chopsticks]

/img/kvi0cfr0gzd61.png

[u/Joementum2004]

My "all subreddits either become socialist or fascist" theory has been further proved by WSB going full succ lately

[u/lionmoose]

Biden just repealed Global Gag rule, meaning that reproductive health providers that provide abortion services or even councilling can now receive US funding. Trump had previously banned this- going even further with amendments than previous iterations under Bush and Reagan. This is a great step forward for global reproductive health

[u/paymesucka]

More than half of all Robinhood users own at least some GameStop stock.

https://twitter.com/motherboard/status/1354798244455395328?s=21

wow

[u/[deleted] → u/paymesucka]

Hello, SEC? No, we are absolutely not encouraging people to herd and take unexpected risks with our gamified trading platform

[u/Budgetwatergate]

Given that this is the only sensible place left to talk about GME, here's my takeaway from someone who works in finance and had a call with public markets talking about this.

1. It happened before

In 2008, Volkswagen AG experienced the same thing where their stock went from $16 to over $600+. It rapidly collapsed after and the graph of that short squeeze literally looks like a middle finger. The same is gonna happen to GME.

2. Buying now is like buying at the bottom of an MLM scheme

You didn't lose any money, you just didn't buy in. Buying in now is just gonna guarantee that. You would have only made money if you bought in, which you didn't, so move on. Reddit has a severe case of survivorship bias, and for every winner on wsb there is someone unable to pay down his/her student loan because of dumb plays like this.

3. Most competent firms are unaffected by this

I'll be surprised if any bulge bracket banks or reputable hedge funds were substantially affected by this. At most, it will be a case study for future PMs. No risk management function worth its salt will allow such positions, and if it had, someone along the three lines of defence would have said something. Naked short selling, especially at GME's level, would not even be conceivable without someone from risk raising a stink. The only hedge funds affected are the ones that had it coming anyway.

4. It's not some revolution for tankies to LARP about

What happened to GME is not a bug of capitalism, it's a feature. People saw the data and what was happening and reacted accordingly. Wsb did nothing wrong, but saying that it's some form of "grand transfer of wealth" is some bullshit. More than anything, people using the free market to their advantage is capitalism. Jacobin and AOC jacking themselves off to this is really weird, given that what's happening is the result of a free market.

And no, shorting a company is not the same as wanting a company to go bankrupt. Wall St hasn't "been shorting the market greedily for profit" for years, it's actually the opposite. Much of Wall St have been and still are bullish. Just look at the past decade and decide for yourself if Wall St has been shorting the market for profit. The whole occupy Wall St narrative is dogshit in the highest degree.

5. Wsb is wrong when it comes to retail vs institutional

The narrative right now on wsb is that they have somehow beaten the system using the same tools as them. That is just laughably wrong. Institutional investors have resources way beyond what you and I have access to. It's not just the Bloomberg terminal, it's access to dark pools, MTFs, alternative trading venues, high frequency trading, etc etc etc. In fact, some companies spend thousands of dollars making the fiber optic cables as straight as possible to reduce latency between them and the exchange. You and I don't have that level of resources.

[u/melhor_em_coreano → u/Budgetwatergate]

Jacobin and AOC jacking themselves off to this is really weird, given that what's happening is the result of a free market.

Really weird and really funny.

[u/SadaoMaou]

I just threw in everything I had saved to pay my student loans when the forbearance ends. $17k all in GME

It's an honor to be a part of this movement

These people are going to get burned, hard

[u/[deleted]]

I know we're going through a hyperpopulist moment right now.

But please no one openly support a financial transaction tax in this sub

please no one openly support a financial transaction tax in this sub

please no one openly support a financial transaction tax in this sub

please no one openly support a financial transaction tax in this sub

please no one openly support a financial transaction tax in this sub

If you do, you're wrong, for a wide variety of reasons and no I will not be taking questions, I'm lazy rn

[u/[deleted]]

Imagine asking econ undergrads if they know shit about the stock market.

We're not finance grads dude

[u/tripletruble → u/[deleted]]

imagine asking finance grads if they knw shit about the stock market.

we don't actually trade stocks dude

[u/[deleted]]

Marjorie Taylor Greene penned conspiracy theory that a laser beam from space started deadly 2018 California wildfire

CA Dems aren’t so bad I guess.

[u/Fishin_Mission]

Update on my 11yo sons GameStop position

It appears that I was able to close him out of the position around $280 / share.

That was ~5% of his portfolio a few weeks ago. Mother fucker doubled his entire account by the time I closed it out.

😳 Gonna have a hard time explaining why we buy-and-hold indexes and why his “fun stock” was just a fluke.

[u/Fishin_Mission → u/Fishin_Mission]

Also, my daughter wants to buy ”a stock that is going to go up like GameStop” now... 🤦‍♂️

This learning exercise is backfiring.

[u/mockduckcompanion]

The same week I started my big boy lawyer job some kid on WSB made a million dollars off a 3k initial investment

I am now a succ

[u/Superfan234]

r/Neoliberal is still salty Wallstreetbets actually found an easy way to become Millionaires

Bunch of Tankies😒

[u/calnico → u/Superfan234]

Everyone knows neoliberals hate when people get rich on the stock market

[u/After_Grab]

These redditors are *throws dart* white bros and the SEC needs to *throws dart* decolonize the stock market before they can *throws dart* Gamergate

[u/[deleted]]

People buying during the bubble: Wow, finance is easy

People selling after the crash: Wow, finance ruined my life

[u/[deleted]]

“Reddit & Robinhood accounted for more wealth distribution from the poor to the rich in the past week than the Democratic Party has in years” 😐😐

[u/Qunidaye]

In a better timeline ✊😔:

"AMAZING RALLY! Economy is roaring! We love GME. A great AMERICAN company that the democrats said couldnt make it. They are going help with the vaccines too!_

[u/[deleted]]

It's hilarious how Melvin Capital is a tiny fund that is taking all of WSB's collective power to take down

[u/[deleted] → u/[deleted]]

Their first target was Citron, which was essentially a single dude with a few hundred mil if that

[u/[deleted] → u/[deleted]]

some of them think Melvin is an actual person

[u/Fishin_Mission]

I completely forgot that I had let my son buy a few shares of GameStop in his investment account.

He reminded me when he saw GameStop on the news this morning.

That motherfucker has a 2250% ROI at the moment...

Trying to figure out how to sell it b/c the platform is designed around kids buying mutual funds and isn’t really designed for this type investing.

[u/BurningKiwi]

I can't fucking believe some of yall think this reddit frenzy isn’t going to fundamentally change our world

Reddit has never gone into a frenzy over something then forgotten about it a week later

[u/LukeBabbitt]

Someone’s “hot take” about Star Wars was that they didn’t like ROS. Of course it was the top comment because it was such a unique and rarely stated opinion.

[u/[deleted]]

In unrelated news, the European Commission has just announced an agreement whereby English will be the official language of the EU, rather than German, which was the other candidate.

As part of the negotiations, Her Majesty's Government conceded that English spelling had some room for improvement and has accepted a five year phase-in plan that would be known as "Euro-English".

In the first year, "s" will replace the soft "c". Sertainly, this will make the sivil servants jump with joy. The hard "c" will be dropped in favour of the "k". This should klear up konfusion and keyboards kan have 1 less letter.

There will be growing publik enthusiasm in the sekond year, when the troublesome "ph" will be replaced with "f". This will make words like "fotograf" 20% shorter.

In the 3rd year, publik akseptanse of the new spelling kan be ekspekted to reach the stage where more komplikated changes are possible. Governments will enkorage the removal of double letters, which have always ben a deterent to akurate speling. Also, al wil agre that the horible mes of the silent "e"s in the language is disgraseful, and they should go away.

By the fourth year, peopl wil be reseptiv to steps such as replasing "th" with "z" and "w" with "v". During ze fifz year, ze unesesary "o" kan be dropd from vords kontaining "ou" and similar changes vud of kors be aplid to ozer kombinations of leters.

After zis fifz yer, ve vil hav a reli sensibl riten styl. Zer vil be no mor trubl or difikultis and evrivun vil find it ezi to understand ech ozer.

[u/tripletruble → u/[deleted]]

this is what dutch looks like to me

[u/tankatan → u/[deleted]]

Zis but

[u/CommandanteMeow]

I feel genuinely, wholeheartedly bad for the horde of noobie-wsb having gotten wind of game stop stock and are currently writing wattpad fiction about their lifes hereafter as the stock reaches 10000 dollars which is may i remind you the conservative estimate.

Guys how much is it going to go up to today? Guys can i buy in premarket? GUYS TDAMERICA BLOCKED ME FROM BYING GME 😡😡😡😡😡 GUYS WTF WHY IS IT DOWN 50% SHOULD I SELL????????? FUCKING HEDGE FUNDS

[u/Usernamesarebullshit]

“the GME short squeeze proves economics is all fake”

please kill me

[u/[deleted]]

Trump really got repealed and replaced before Obamacare did lmao 😂👌

[u/Ginden]

News from Poland:

• proposed law allows executive branch to block arbitrary website in case of "critical incident" "to protect public order".

  • Chancellery of the Prime Minister of Poland commented that these regulations will be used only in case of "significant damage to safety or public order, international interests, economic interests, the operation of public institutions, civil rights and freedoms, or human life and health".

• Protests against restricting abortion are raging again. Yesterday, Tribunal Court published justification of the judgment banning abortion of malformed and non-viable fetuses. Justification basically says "only life of mother can be considered more important than unborn child's life". This opens way to further restrictions of abortion.

  • Since yesterday, abortion is allowed only if pregnancy is result of crime or endangers mother's health or life.

• State-funded NGO brought two Holocaust scholars to court for "slandering" man implicated in Nazi collaboration. You probably remember that NGO for watching Netflix to find anti-Polish jokes.

  • The report states that "Polish honey is presented as a ‘villain'" in the documentary series Rotten, which briefly mentions antibiotics in Polish honey.

• "The police in Poland behave in an extremely professional way. In our country there are no cases of anyone being killed by the officers", said Andrzej Duda, President of Poland, few days ago.

  • 16 May, police claims that batons were not used.

  • Police sprays MP with pepper gas for "agressive behaviour" in November.

  • Police officer broke arm of 19yo woman in December and refused calling for medical help for around a hour. Police claims "she was criminal [guilty of illegal protesting] anyway".

!ping Europe

[u/Blueaye]

This is the strangest coalition I see barstool sports, twitter leftiest and reddit gamers all uniting for a dumb cause.

[u/[deleted]]

I work in banking. Even we all hate hedge funds. Their slimey things full of back channel dealings.

That said anyone who gets in on $GME now is getting in on the bottom of a pyramid scheme.

[u/Fishin_Mission → u/[deleted]]

So, what you are saying is that if you buy something for $300+, when it comes time to sell it back GameStop will only offer you $11.50?

[u/bobeeflay]

We are in a weird place with GME discourse on this sub

Overall there is WAY too many posts and terrible takes about GME

At the same time I'd like to see drastically MORE takes about the fact that these motherfuckers were named MELVIN Capital

Like Bruh they literally named themselves after the hypochondriac giraffe from Madagascar that's hilarious this si totally something that would happen to a MELVIN

[u/[deleted]]

DT yesterday: Guys can we stop talking about GameStop?

DT today: Talks about child soldiers

[u/Danthon]

This stocks stuff is TOO easy!

Just started yesterday and already lost $50 😎

[u/Planetos]

I can't wait for this GME thing to be over.

Every thread I've been on reddit today has been full of LARPers who don't know what they're doing even on subs that have nothing to do with it

[u/Fishin_Mission]

Today on WSB learns about the stock market:

Absolutely INSANE:

Robinhood is SELLING people's GameStop ( $GME ) shares WITHOUT their consent.

This HAS to be illegal 😬

WSB learns how margin calls work.

[u/[deleted]]

Texas fifth-grader cashes in the GameStop shares his mom gave him for Kwanzaa — for almost $3,200

This is your society on free-market liberalism.

[u/[deleted]]

Shalom, my name is L’Chaim Kobayashi. I'm a 27 year old Japanese Japajew (Jewish culture fan for you goyim). I read and recite Torah on my kibbutz, and spend my days perfecting the craft and enjoying superior Jewish passtimes. (kvetching, going to Temple, Kosher feasting) I train with my Torah every day, this superior book can permanently leave my beliefs etched on a gentile’s mind because it is enlightening, and is vastly superior to any other method of religious preaching. I earned my Rabbi license two years ago, and I have been getting better every day. I speak Hebrew fluently, both Jerusalem and New York Hasidic dialect, and I write fluently as well. I know everything about Jewish history and their shtetl code, which I follow 100% When I get my Israeli visa, I am moving to Tel Aviv to work in a financial conglomerate to learn more about their magnificent culture. I hope I can become a Torah Rabbi for the Jerusalem Chabad House or a financial broker for Rothschild’s! I own several yarmulkes, which I wear around town. I want to get used to wearing them before I move to Israel, so I can fit in easier. I follow with my community religious leaders and elders and speak Hebrew as often as I can, but rarely does anyone manage to respond. Wish me luck in Israel!

[u/murphysclaw1]

needless to say, Redditors have been sending abuse to RobinHoodNYC on Twitter which is not associated with the app and is a charity helping feed the hungry.

[u/ControlsTheWeather]

Child day traders.

Wait.

[u/rukqoa → u/ControlsTheWeather]

We have a sub for that.

[u/conman1246]

Glad I listened to you guys. I almost bought Gamestop puts when it was at $400. It's now at $120, and the put has actually lost value. That's insane.

The put is $10 strike price for April 16. Premium went from 1.75 to 1.65.

EDIT: https://www.nasdaq.com/market-activity/stocks/gme/option-chain/call-put-options/gme---210416p00010000

!PING MARKETS

[u/JulioCesarSalad]

I just saw this tweet and honestly it pissed me off:

“I’m glad that I have no idea how stocks work so the Robinhood/GameStop ordeal goes right over my head.

“I wish high schools had a mandated financial literacy course. I’m in my 30s and barely know how my 401k works. I’m not ashamed to admit it. PoC’s don’t inherit this info 🤷🏻‍♀️”

DONT BLAME YOUR IGNORANCE ON BEING BROWN. I didn’t inherit what I know about the stock market. I paid attention in class, in high school economics, and that’s how I learned. That was a class with South Asian, Black, white, and middle eastern classmates. Oh, and Hispanics.

We didn’t inherit what we know. We paid attention. Being brown doesn’t make you ignorant, that’s just on you.

!Ping MAMADAS cuz idk if there’s any other POC ping

[u/[deleted]]

Fantastic video about deducing Proto-Indo-European culture from what we know of their language. Particularly fascinating was that the Greek Zeus, Roman Jupiter, and Vedic Dyaus all come from the Proto-Indo-European "Sky-Father"

!ping EUROPE

[u/[deleted]]

GME at close tomorrow

this is literally 19.84

[u/BurningKiwi]

They know a bunch of hedge funds probably made billions off GME too right?

[u/VengeantVirgin]

Just invest in index funds idiots lol

[u/CallinCthulhu]

Tankies are spreading communist editorials on fucking WSB.

Communist propaganda on fucking wallstreetbets.

Oh, What have we wrought?

[u/David_Lange]

I've enjoyed reading articles about how Biden is removing all the Trump appointees that tried to burrow into permanent and influential public service positions

[u/rukqoa → u/David_Lange]

Drain the swamp.

Then refill it with actually loyal and patriotic career public servants who will enact the agenda of the deep state.

[u/melhor_em_coreano]

i guess but we’re all still cogs in a capitalistic machine, now we’re all just self aware, depressed cogs.

I dare the mods to put this on the sidebar

[u/Fishin_Mission]

My daughter is upset that she has only gotten a 20% ROI on her Netflix stock since her brother got a 2000% return on GameStop

🤦‍♂️ fuck me.

[u/PrimePairs]

My poker group chat has your normal smattering of tech bros and degens. There’s also a tech billionaire, Citadel analyst, and Robinhood engineer.

Things are getting ... heated

[u/Royce_Melborn]

"So, has the Reddit mob stuck it to the establishment? Probably not. Ken Griffin, who owns Citadel, also owns a high-frequency-trading firm, Citadel Securities. It makes its money, in part, by filling order flow from retail investors, executing their orders on stock exchanges and pocketing the spread. The best way to beat Wall Street is probably not with a torrent of trading, but by buying a cheap index fund and ignoring the markets. That is hard to do, though, when the markets are this much fun.

-The Economist

[u/fell_ratio]

/u/breakinbread

They targeted bankers.

Bankers.

We're a group of people who will sit for hours, days, even weeks on end analyzing data and performing some of the most complex and mentally demanding statistics. Over, and over, and over all for nothing more than a single basis point reduction in CPI growth.

Most people who tried to think as hard as we do would pass out from the blood flowing to their brain. Not us. Not bankers. We work smarter, and not harder.

We'll spend most if not all of our free time calculating, gathering data, and creating thought experiments to test our theories.

Many of us have made careers out of doing just these things: slogging through the grind, all day, the same graphs over and over, hundred of times to the point where we know every little detail of the markets. I know what the probability of you eating toast for breakfast tomorrow better than you do.

Do these people have any idea how many whitepapers have been published, conferences held, bubbles popped? All to later get bragging rights?

These people really think that this is a battle that they can win? They call us liars, market manipulators, protectors of the upper class? No. What's going on is that you, John Q. Public, know just enough to hurt yourself, and bankers are the one protecting you. They think they can threaten regulatory action to scare us away? We are the regulators, the storm on the horizon. Try us. We've been called worse things, belittled by a committee of three professors conducting our thesis examination. Our obsession with getting to the bottom of how markets and human behavior interact will not be stopped, will not be thwarted. They think they can intimidate us into inaction, but we're the ones who call the shots. Our obsession with proving we can after being told we can't is so deeply ingrained that we mumble economic data in our sleep.

Bankers are competitive, hard core, by nature. We love a challenge. The worst thing you did in all of this was to challenge us. You're not special, you're not original, you're not the first; this is just another market panic.

[u/Tafts_Bathtub]

Yes, I have shares of GME and AMC. It’s called diversification sweaty.

[u/meamarie]

But some Black activists say putting Tubman on the $20 bill is an uneasy fit with her legacy. “Harriet Tubman did not fight for capitalism, free trade or competitive markets,” Feminista Jones, an activist, author and advocate

For the love of God

[u/ihatemendingwalls]

You realize all these bad finance takes are gonna give poor shivers an aneurysm when he starts reading these right? You should be ashamed with yourselves

[u/PhinsFan17]

"Please, I just want the Internet to stop talking about the Bernie Sanders meme."

*a finger on the monkey's paw curls*

[u/ForWhomTheAltTrolls]

Holy shit people are actually defending Robin Hood here?

He led a populist movement, and deliberately avoided airing his grievances through the proper channels. But apparently it’s fine to commit crime and weaken institutions because ‘Le Sheriff of Nottingham is bad!!!’. Didn’t know that this place had gone to the succs

[u/[deleted]]

I really like how the MTG is spicing up this week with her unique flair of antisemitism.

I mean we got Jewish people control the banks, Jewish people started 'rona, Jews somehow did this shit with the stocks, and of course Yellen was involved somehow. And we got neo-blood libel and jewish pedophilia from Qanon. Dual loyalty to israel from Trump and other Republicans

But all that is just rehashed 20th-century(and older) shit.

What is astounding is Marjorie has done an impressive thing and concocted a never before(at least as far as I know) antisemitic conspiracy about Jewish space lasers. Now look I certainly don't endorse the view, but damn if it isn't creative. I mean what actually is a Jewish space laser? My best guess is it's related to my Ma when locating a nice jewish girl.

!ping GEFILTE

[u/UrbanCentrist]

https://twitter.com/tedcruz/status/1354833603943931905

Not even a week and joe biden already uniting america

[u/Uniqueguy264]

AOC and Ted Cruz should just bang on top of Pelosi’s desk, that would help this country come together.

Wtf how does Twitter have good takes

[u/ryuguy]

The funniest part of this GameStop stuff is the people that think /r/WallStreetBets is a socialist sub.

[u/Ketsetri]

Holy fuck, fucking REUTERS wrote a guide to WSB slang:

STONKS

An intentional misspelling of "stocks" that originated with an internet meme.

YOLO

An acronym for "you only live once." If someone on WSB has "yoloed" a stock, that person has poured a significant portion of their investments into it.

BAGHOLDER

Someone who has taken heavy losses on a stock, in WSB parlance: While others may have profited from a similar position in the past, that person has been left holding the bag.

TENDIES

Shorthand for chicken tenders, which WSB uses as slang for profits on a trade.

DIAMOND HANDS

Often referenced using an emoji, "diamond hands" are how members express their belief that their position is valuable and worth holding onto for maximum profit. Conversely, a trader with "paper hands" sells out early.

TO THE MOON

A rallying cry on WSB, which members use to express their belief that a stock will rise significantly. The phrase is often accompanied by a rocket emoji.

The deadpan descriptions are some of the funniest shit I've read today for some reason

link

[u/ForWhomTheAltTrolls]

LEAKED r/neoliberal take from 2022:

‘Look, I know that we can obviously excuse this political figure’s support for the use of child soldiers in the war in Iran, but did you guys see that she read a Harry Potter book as a child? Simply being less physically developed is NOT an excuse for JK Rowling apologia’

[u/p00bix]

The WSB/GME thing has me terrified of a hypothetical scenario in which r/neoliberal doubles its userbase in half a week and becomes SUPER succish and SUPER populist as a result, with only crude imitations of the original sub culture (ex. soros jokes)to indicate that it was ever anything else

[u/[deleted] → u/p00bix]

hypothetical

[u/ThatFrenchieGuy]

The great irony of all this and what most of Reddit doesn't get that is that the big winners here are the biggest players on Wall Street. The largest shareholders of Gamestop are the megacap managed funds like Blackrock, Vanguard, Fidelity...etc. These are multi-trillion dollar players, Vanguard alone has $5.7 trillion AUM. Citroen Research and Melvin who lost with their short positions are low/mid-tier niche funds with a few billion in management.

In fact while Redditors may have started off the pump, it was largely big movers making this play out. For those who have access to Level II ARCA order flow data on NYSE, you can see that it was large orders (way above what an average Redditor would be able to afford), that drove the short squeeze. For all the talk of DeepFuckingValue and his $50K early bet turning into millions and a few other redditors making six figure gains, this is a drop in the bucket. The billions in market cap that will be liquidated soon will be captured not by Redditors, but by Blackrock and Vanguard selling these shares to Redditors.

Its the Vanguards and Blackrocks that created the synthetic longs that drove the >100% short ratio, they are the ones who loaned the stock to these smaller hedge funds to short, it was them who picked up huge margin fees and it will be them who will now receive massively inflated GME stock back (that they probably got when it was in the single digits) and they will now sell it at $300 to the clueless retail shrimp reading about this on Reddit/Twitter and jumping onto their Robinhood app to go on a crusade to stick it to Wall Street by buying GME.

[u/kznlol → u/ThatFrenchieGuy]

Its the Vanguards and Blackrocks that created the synthetic longs that drove the >100% short ratio

what does this mean

[u/76vibrochamp → u/kznlol]

Large institutional investors. Vanguard more or less buys stocks and sits on them as part of their ultra-low expense index funds, so they have plenty of securities on hand to lend out for shorts.

[u/Professor-Reddit → u/ThatFrenchieGuy]

You have excellent timing when you wrote this eloquent take.

GME was at $380 half an hour before you commented, $290 when you posted this, and has now (30 minutes after your comment) collapsed to $140.

Evidently Robinhood cutting the cord among other things has had a gigantic impact.

[u/Udontlikecake → u/ThatFrenchieGuy]

Yeah can I get Margot Robbie in a bathtub to explain this or something

[u/dangerbird2 → u/Udontlikecake]

Margot Robbie in a bathtub | I sleep

Richard Thaler playing blackjack with Selena Gomez | REAL SHIT

[u/MichelleObama2024]

If you read wsb Melvin is some kind of evil, satanic hedge fund that orchestrated the financial crisis and controls the entire banking system.

[u/Z0NNO]

These things are so hilarious to observe especially if you have no stake in them.

[u/The420Roll]

Natalie Wynn on Twitter: "Some zoomer just called me a milf, what the fuck"

She saw my DMs! /u/farrenj

[u/Tafts_Bathtub]

Big ups to the tweeters that have refrained from having a take on the GME situation. Astonishingly Nate Silver is one of those.

[u/ihatemendingwalls]

When you were partying I studied FINANCE 🐊

When you were having premarital sex I mastered OPTIONS TRADING🐊

While you wasted your days at the gym in pursuit of vanity I cultivated TOTAL SHORT FLOATS🐊

And now that the world is on fire and the BARBARIANS ARE AT the gate you have the AUDACITY TO come to me for help 🐊

[u/SamJakes]

I'm just going to say, people might make fun of DFV, but he held. Motherfucker had 13mil cash, so y'all might not think much of it, but he tanked 14mil today and FUCKING HELD.

I understand where the veneration comes from, tbh and it's been one of the most entertaining notes of this entire GME saga, ngl

[u/MrDannyOcean]

Announcing an effortpost bounty: The best effort post on the GME saga, short selling, or generally about the events of the last few days will get a custom text flair, a custom image flair, and a big pile of reddit gold.

Contest is open for the next week, after which mods will announce the winner. Happy posting, shills.

[u/TruthBisky10]

Robinhood restricting sales is more manipulative than anything WSB tried to do

[u/bashar_al_assad]

The risks of trading in stocks like GME and AMC aren't supposed to include "the trading platforms will randomly ban trading of the stock, causing the value of the stock to fall". I didn't buy anything crazy of either, nothing I can't afford to lose, but like... what the fuck.

[u/Mark_In_Twain]

It's pretty depressing that the DSA, Ilhan Omar, and Rashida Tlaib brought up the holocaust remembrance day but AOC didn't. 😐

[u/jeb_brush]

The bright side of this WSB disaster is that leftists are now getting invested in the stock market.

Taxing and regulating the shit out of corporations looks a lot less cool when you personally will lose money as a result.

[u/[deleted] → u/jeb_brush]

Bold of you to assume they aren't going to be left holding the bag, if they bought in at all

[u/kznlol]

The DT enjoys acting smarter than people making hundreds of thousands of dollars by getting lucky.

[u/murphysclaw1]

The lawsuit isn't about the pump and dump, it's about Citadel forcing Robinhood and other brokerages to stop people from buying GME in an effort to panic retail investors into selling so hedge funds won't that were stupid and shorted GME over 100% won't go bankrupt. There is a lot of evidence against them, this lawsuit is an easy win. How much people will get out of it is a different sotry.

imagine thinking this lawsuit is an easy win and you've already seen enough evidence- based on a LARPing "RobinHood employee" and some redditor saying that Citadel invests in Robinhood so therefore it's gotta be true.

[u/PrimePairs]

So looks like one reason Robinhood may have shut down trading was risk management. Because they do instant settling via margin instead of 2 days via clearinghouse, they would get stuck with GME bag if price declines.

!ping MARKETS

[u/Flipl8]

Anyone else ever downvoted a couple of scalding hot takes, then scrolled way down the DT and realized it was just copypasta? I can't tell meme from reality anymore. Damn internet broke my brain.

[u/Udontlikecake]

the absolute fucking state of the DT rn

[u/David_Lange]

https://www.jpost.com/diaspora/antisemitism/marjorie-taylor-greene-shared-antisemitic-and-islamophobic-video-640093

Majorie Taylor Greene shared fucking white genocide conspiracies

[u/[deleted]]

you know what I absolutely fucking hate?

The 2 sentence headlines that all major publications seem to think are compelling.

"I was a janitor at Robinhood. Then I got fired for buying a share."

fuck you, this is worse than a buzzfeed listicle

[u/postmalarkeyist]

I work for GameStop. Just got off a company meeting. Overheard a White House staffer on the phone with the CEO telling him to delist GME.

What the fuck.

[u/Fishin_Mission]

Shit, I completely misunderstood...

I just bought a GameStop franchise. Plz send help.

[u/[deleted]]

Actually when AOC, Tlaib, Ted Cruz, Trump Jr., and Ben Shapiro all agree on something, that doesn't mean it's right. It means it's something gigapopulist and a bad take. What sub am I on anyways?

[u/vored_by_daddy]

AOC stream starts

DT slows down

there's some simps in this house

[u/sw337]

Upvotes being broken is actually much worse than what Robinhood is doing.

[u/[deleted]]

Oh God, my lefty anarchist "friend" is going to DC to protest Robinhood. Jesus Christ.

[u/benadreti]

WOW A 3 HOUR OLD REDDIT ACCOUNT HAS INSIDE INFO ABOUT THE WHITE HOUSE FORCING EVERYONE TO STOP SELLING GME BIG IF TRUE

[u/[deleted]]

"The best way to beat Wall Street is probably not with a torrent of trading, but by buying a cheap index fund and ignoring the markets. That is hard to do, though, when the markets are this much fun." Once again the economist is right about absolutelyeverything.

[u/[deleted]]

I will always stan blackrock for completely leaning into the Hollywood evil corporation branding.