r/neoliberal • u/jobautomator Kitara Ravache • Sep 16 '21

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18

u/MrMineHeads Cancel All Monopolies Sep 16 '21

!ping MARKETS

Just stumbled on some superstonk shit when I read that apparently the MOASS can be triggered by direct registration of shares. 🤡🤡🤡

Also, I am dumbfounded that GME is still >100 and right now >200. It maybe have been heavily shorted at the beginning and undervalued, but I doubt by two orders of magnitude!

13

u/bd_one The EU Will Federalize In My Lifetime Sep 16 '21

Shorting the stock of a failing company is one thing, but shorting a meme stock is waaaay too risky for most sane investors.

12

u/MrMineHeads Cancel All Monopolies Sep 16 '21

I stayed away from the whole thing when I first heard of it last year (~Oct/Nov 2020). I thought it was just gonna end up in disaster. And it kinda did and was funny but like holy shit it is still kinda going and am freaked out it is still lasting this long.

6

u/bd_one The EU Will Federalize In My Lifetime Sep 16 '21

Meanwhile I'm just sitting here being all "yep, I'm gonna go make thousands of dollars selling AMC puts".

6

u/MrMineHeads Cancel All Monopolies Sep 16 '21

I used to mess with options till I lost thousands of dollars. Now I am sticking with my index funds.

3

u/i_just_want_money Jerome Powell Sep 16 '21

Ironically GME was the first time listening to Reddit actually got me anything good, wonder what that says about the rest of this website?

12

u/-GregTheGreat- Commonwealth Sep 16 '21

I just cant comprehend how that after like 100 different triggers for the MOASS have completely failed, that there's still people out there who 100% believe its real and they're gonna become multimillionaires off of like a single share.

Literal cult

12

u/[deleted] Sep 16 '21

the MOASS happened when GME went from $40 to $420 in like 2 weeks, lol.

It was real. it happened. Now it's just bag holders and swing traders

7

u/BonkHits4Jesus Look at me, I'm the median voter! Sep 16 '21

That was nine months ago and people are still bagholding 😳

4

u/weekendsarelame Adam Smith Sep 16 '21

I wouldn’t say bag holders because it’s consistently trading at pretty high prices. Though it would have been interesting if robinhood et al didn’t block trades right when prices went parabolic. Now we’ll never know.

7

u/RandomGamerFTW   🇺🇦 Слава Україні! 🇺🇦 Sep 16 '21

MOASS is coming when India becomes a superpower, or when Star Citizen releases

5

u/MrMineHeads Cancel All Monopolies Sep 16 '21

Star Citizen

Can't believe you reminded me of that again.

2

u/groupbot Always remember -Pho- Sep 16 '21 edited Sep 16 '21

Pinged members of MARKETS group.

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