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the tesla guy too - they tried and failed to take it out a long time ago. i wonder if he's playing in this game. wouldnt surprise me
there has to be some big firepower involved
They're weakening one of the pillars that currently hold up the entire financial house of cards. Not if, but when that pillar falls the rest of the economy falls with it. The government will then come to the rescue of the people. The people, being the fat, weak, self entitled and indoctrinated group that they are, will happily accept the crumbs the government will then toss them.
It's been a game to naked short companies to oblivion. Yet the shorters Never cover, because then they don't even pay taxes on the trade. They just leave the companies as a zombie. This is how they destroyed Overstock and Patrick Bryne in 2008ish. And probably so many companies we could never compile a list.
Indeed, the answers always seem to be around the next corner, just out of sight but getting closer and closerSo many questions.
fwiw, the wallstreetbets reddit where this started has 3.7million subscribers alone. And it took off to other venues from there.BB and I were just talking of this,
wherein he claims it is far larger than a few kids chatting on the basement computers and hitting 'send' on trades,
that there is something big enough to pull it off
so I went and looked at some volumes,
and yes, you are talking some big dough,
if I calculated properly, over a period of a few days $30B traded in gamestop, and on down the line to others,
meaning there is some big dough backing the play
specs,
that was my argument to BB, that this is grassroots and doable when you factor worldwide persons that could be onboard,
then you have guys like elon musk who have a big chip re shorts, and if he decides to play, well that would be a player,
and love him or hate him, he has one heckuva following because of the way he operates is anti 'system'
Just think how they are gonna feel when the feds bail out wall st again.Lots of the comments were I hope they jump from a tall building. I kinda got the idea this is personal........... to a whole generation!
Lots of the comments were I hope they jump from a tall building. I kinda got the idea this is personal........... to a whole generation!
Brio,
BB and I were just talking of this,
wherein he claims it is far larger than a few kids chatting on the basement computers and hitting 'send' on trades,
that there is something big enough to pull it off
so I went and looked at some volumes,
and yes, you are talking some big dough,
if I calculated properly, over a period of a few days $30B traded in gamestop, and on down the line to others,
meaning there is some big dough backing the play
then he also commented that for them to get this serious to change the rules this quickly means they have noticed, and see the vulnerability
so the players are changing the rules to prevent the slaves from revolting, and as you state it gets interesting as they do have weaknesses, and that is greed.
I kinda got the idea this is personal........... to a whole generation!
One of the comments.What hedge funds shorted game stop?
What hedge funds shorted game stop?
America’s top hedge funds, Melvin Capital, teetering on the edge of bankruptcy.
There are literally not enough shares in existence for the hedge funds to be able to cover.
now if'n you had big brass balls and wanted to have some fun,
you would wait until they commit, ie gamestop, then short the piss out of them as they all hit the exits at once to protect their profits.
now that would be fun............
They took the trade away from him a few days later.