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Terms of Use have been amended effective October 6, 2019. Make sure you are aware of the new rules! Please visit this thread for details: https://www.mibuzzboard.com/phpBB3/view ... 16&t=48619
Reddit users manipulating the stock market....and they're winning
Reddit users manipulating the stock market....and they're winning
Gamestop stock is up 1500 percent (yes, 15x) in just the past 15 days.
https://www.google.com/finance/quote/GME:NYSE
AMC? Up 581% in just the past 5 days
https://www.google.com/finance/quote/AMC:NYSE
Those are the 2 big ones. There are others. The short version of the story (no pun intended) is that a bunch of Reddit users have gotten together and are targeting stocks that are being heavily shorted by institutional investors. The end result is that the institutional investors are being short-squeezed for billions of dollars - in Gamestop's case, nearly $14 billion in just one day.
https://www.google.com/finance/quote/GME:NYSE
AMC? Up 581% in just the past 5 days
https://www.google.com/finance/quote/AMC:NYSE
Those are the 2 big ones. There are others. The short version of the story (no pun intended) is that a bunch of Reddit users have gotten together and are targeting stocks that are being heavily shorted by institutional investors. The end result is that the institutional investors are being short-squeezed for billions of dollars - in Gamestop's case, nearly $14 billion in just one day.
- audiophile
- Posts: 8660
- Joined: Sat Dec 04, 2004 9:21 pm
- Location: Between 88 and 108 MHz.
Re: Reddit users manipulating the stock market....and they're winning
Except these folks will get zero when they go bankrupt, but if they got a few hundred bucks to burn, whatever.
https://nypost.com/2021/01/07/amc-getti ... il-summer/
https://nypost.com/2021/01/07/amc-getti ... il-summer/
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
Re: Reddit users manipulating the stock market....and they're winning
Gamestop is already up another $72 a share (20 percent) in pre-market trading. This was a $4 stock not all that long ago.
- audiophile
- Posts: 8660
- Joined: Sat Dec 04, 2004 9:21 pm
- Location: Between 88 and 108 MHz.
Re: Reddit users manipulating the stock market....and they're winning
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
- MotorCityRadioFreak
- Posts: 6577
- Joined: Wed Jul 29, 2020 6:26 am
- Location: Warren, MI
Re: Reddit users manipulating the stock market....and they're winning
It's the revenge of the nerd millennials. LOL. Sorry boomers.
They/them, non-binary and proud.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Re: Reddit users manipulating the stock market....and they're winning
Heh, I had no idea this got the attention of the people at Fox News. I just clicked on the stock page this morning (for the first time in a while) and saw all these stories about GameStop and AMC.
btw - now GME is + $132 and climbing. This is gonna get interesting.
btw - now GME is + $132 and climbing. This is gonna get interesting.
Re: Reddit users manipulating the stock market....and they're winning
Make that +$162....this is madness. And the market doesn't even open for a few hours yet.
btw - here is a list of some of the most shorted stocks. Figuring out which of these will be the next target is the million dollar question (literally).
btw - here is a list of some of the most shorted stocks. Figuring out which of these will be the next target is the million dollar question (literally).
Re: Reddit users manipulating the stock market....and they're winning
They are gonna have to halt trading on it soon. It can’t be allowed to rise like this.
Re: Reddit users manipulating the stock market....and they're winning
Layman's look - alot of these have name recognition, but are sort of past their prime. Kinda like the casino concert circuit...
KOSS? The sh1t headphone maker?
Let's get Ronco and K-Tel up there, too!
"The problem with communication is the illusion that it has occurred."
Re: Reddit users manipulating the stock market....and they're winning
Nothing about this is funny. Fuck those losers.MotorCityRadioFreak wrote: ↑Thu Jan 28, 2021 6:02 amIt's the revenge of the nerd millennials. LOL. Sorry boomers.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
- audiophile
- Posts: 8660
- Joined: Sat Dec 04, 2004 9:21 pm
- Location: Between 88 and 108 MHz.
Re: Reddit users manipulating the stock market....and they're winning
In the end no one wins, other than those that got out.
Ask not what your country can do FOR you; ask what they are about to do TO YOU!!
- MotorCityRadioFreak
- Posts: 6577
- Joined: Wed Jul 29, 2020 6:26 am
- Location: Warren, MI
Re: Reddit users manipulating the stock market....and they're winning
You're mad because some millionaire hedge funders are going to lose a couple thousand after they have been in involved in insider trading for years? No, I think it's great. Screw the speculators.Matt wrote: ↑Thu Jan 28, 2021 6:46 amNothing about this is funny. Fuck those losers.MotorCityRadioFreak wrote: ↑Thu Jan 28, 2021 6:02 amIt's the revenge of the nerd millennials. LOL. Sorry boomers.
They/them, non-binary and proud.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Re: Reddit users manipulating the stock market....and they're winning
No, I'm mad because these dickheads messing with the market negatively impacts a LOT of people. You support tyrant governors closing businesses for bullshit reasons, so I guess I shouldn't be too surprised that you don't have an issue with whats going on with these Bidets.MotorCityRadioFreak wrote: ↑Thu Jan 28, 2021 6:52 amYou're mad because some millionaire hedge funders are going to lose a couple thousand after they have been in involved in insider trading for years? No, I think it's great. Screw the speculators.Matt wrote: ↑Thu Jan 28, 2021 6:46 amNothing about this is funny. Fuck those losers.MotorCityRadioFreak wrote: ↑Thu Jan 28, 2021 6:02 amIt's the revenge of the nerd millennials. LOL. Sorry boomers.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
- MotorCityRadioFreak
- Posts: 6577
- Joined: Wed Jul 29, 2020 6:26 am
- Location: Warren, MI
Re: Reddit users manipulating the stock market....and they're winning
Those hedgefund companies now owe billions for attempting to profit on suffering retailers. Good.
They/them, non-binary and proud.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Remember that “2000 Mules” was concocted by a circus of elephants.
The right needs to stop worry about what’s between people’s legs. Instead, they should focus on what’s between their ears.
Audacity sucks.
Re: Reddit users manipulating the stock market....and they're winning
Reddit users screwed over the hedge funds. That does not mean the hedge funds were bad for the retailers.MotorCityRadioFreak wrote: ↑Thu Jan 28, 2021 6:56 amThose hedgefund companies now owe billions for attempting to profit on suffering retailers. Good.