Discussion The Stock Market is Retarded

Discussion in 'General Chat' started by Ekfreet, Jan 28, 2021.

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  1. Ekfreet

    Ekfreet Goner

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    upload_2021-1-28_16-9-25.png

    Almost 1000% gains in a single fucking week.

    Who needs a stupid degree in economics when all you need is to follow meme stocks like TSLA and end rich as fuck?
     
  2. otaku31

    otaku31 Well-Known Member

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    It rose like stock in some video game... :blobwoah:

    and it didn't stop.
     
  3. zduino

    zduino Well-Known Member

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    It's almost like people who are influenced by memes are a major contributor to the market...
     
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  4. reagents 11

    reagents 11 disaster personified

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    Yes money doesn't need degrees. They only need more moneys. All you need to do is buy low sell high.
     
  5. UnGrave

    UnGrave I really like Nanahira

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    We taking this to the moooooooon!!!
     
  6. MisterBubbles

    MisterBubbles [The Omnipotent No. 2 at Everything]

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    What are you talking about? The meme economy is just evolving, bro.
    It has found its way into crypto and now it is heading towards more conventional investments. It was inevitable >.>

    But in all seriousness, it does piss me off just a little more than im comfortable with.
     
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  7. Llamadragon

    Llamadragon Well-Known Member

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    When is the book on meme economy being released?
     
  8. AMissingLinguist

    AMissingLinguist [Not Here][Blank Sect][Nuffian #N]

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    Reality is hilarious at times. :blobrofl:

    Also, someone actually backed up their claims and went to court against Robinhood during this time. :blobphone:
     
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  9. Ekfreet

    Ekfreet Goner

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    The scum from Trading 212 also played dirty. I hope that IB also gets sued to the fucking ground. Which probably ain't gonna happen...

    It's funny how paying fines is cheaper than playing by the rules.
     
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  10. ichyaky

    ichyaky wanderer

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    that guy who put 50k into gme and turned it into like 48mil is pretty insane

    we like the stock!
     
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  11. AMissingLinguist

    AMissingLinguist [Not Here][Blank Sect][Nuffian #N]

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    DFV is the messiah! If this was reddit, I would call him a r***** and say FU (WallStreetBets lingo for their own homies), but this is NUF, so thanks for being a legend, DFV! :blob_pompom::blob_pompom::blob_pompom::blob_pompom::blob_pompom:
     
  12. Someguy666

    Someguy666 MILF Sect Leader

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    And now the app Retail Investors use is being fucked with because the owners are in with the Hedge Funds
     
  13. UnGrave

    UnGrave I really like Nanahira

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    That turned on them so dang fast
     
  14. AMissingLinguist

    AMissingLinguist [Not Here][Blank Sect][Nuffian #N]

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    This feels like it belongs in Daily Laughs, because I can't stop laughing!
    [​IMG]
    [​IMG]
     
    Last edited: Jan 28, 2021
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  15. Vanidor

    Vanidor Well-Known Member

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    Shrug, "the markets can remain irrational longer than you can remain solvent" is still valid as it was 80 or so years ago.

    The price of GME is past meme and into the Ponzi scheme level, but the people at the tail end and the hedge funds will get burned so meh.
     
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  16. imK

    imK Artful Dodger

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    Yep, got in on it thanks to a friend who tipped me off on a reddit post he saw. As of yesterday he no longer has a mortgage and I've increased my nest egg. GG.
     
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  17. AMissingLinguist

    AMissingLinguist [Not Here][Blank Sect][Nuffian #N]

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    Did you at least buy your friend a bowl of food? Because they seem to have done you a favor. I hope you enjoy being rich! :blobsalute::blobsalute::blobsalute:
     
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  18. linmeili

    linmeili Active Member

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    (y) Gamestop was the most shorted stock and the big bois shorted more stock than are available. It's not purely because of memes. There's a reason why this is happening.
     
  19. imK

    imK Artful Dodger

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    Even better, sent him some money for his baby boy's future college fund. I owed him big time!
     
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  20. cheonsa-nim

    cheonsa-nim Well-Known Member

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    One of the reasons why $GME is a gold mine for the retail investor, is because this defining event, a "Short Squeeze".

    Financial Firms (Hedge Funds) basically shorted Gamestop into oblivion. With a short float of roughly 140%~
    The reason why this is special is because, it is the most shorted stock in the market. And Friday we may see something really big, because that's when the "Shorters" have to buy back the stocks they sold.

    Basically these Firms sold stock they don't own at an average price between ($20-$5). They were hoping for the stock price to plummet below $5 to make a profit.

    The users on reddit, after doing their due diligence (DD) in research. Realized this opportunity.

    Buying a Stock increases the prices VS Selling a stock decreases prices. So by buying into the cheap stock, these retail investors basically increased the price. The Financial Firms don't want this, so they continue to sell stock they don't own, to decrease the price (Shorting).

    See this type of back and forth would continue if the short float of a stock is less than 100%, but there is not enough shares of stock as it has been oversold.

    So the moment these financial firms are forced to pay up, they will literally raise the price unwillingly. It's why they halted trading many times in the past couple days, its why they've been trying to use media to scare retail investors into selling. They wan't to bring the price down so they don't lose more money.
     
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