/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

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Slap47 powiedział(a):
Wyświetl załącznik 1879812

You have ruined the lives of good people. Feel sad.
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Meh.
While the notion that these people shouldn't be allowed to restrict others in playing "the game" is true, I wouldn't immediately resort to "well you're a parasite", or the like.

There are plenty of assholes on Wall Street, but it's not as broad a brush as that.

We're told and/or taught to be self sufficient, if not by authority figures, then by the simple reality around us. On this site, I've seen plenty of posts espousing views not far off from "greed is good". Where behaviour opposite to the first part of that tweet has been bemoaned and marked as the sign of a mentality that will never result in financial "freedom" in life. Rightfully so, in many cases.
 
This is about restoring a little bit of fair competition

Who gives a fuck how greedy they are are as long as there's fair competition with em
 
Is there a connection between naked short sales and a loophole in the Dodd-Frank act?

I recently found out that Steven A. Cohen, former employer of Plotkin (founder of Melvin), donated an assload of money to Dodd, and so did his collection of hedge funds: SAC Capital Advisors.
 
It's great that people are learning in real time that the "free market" is rigged. George Soros did this shit (Except he shorted stocks) to the 8th largest central bank in the world and no one gave a shit. But some redditors do it to GameStop and it's the apocalypse. Their mask is slipping boys. Change is not far away. Show this to everyone you know. The motto is "delegitimize, delegitimize, delegitimize" until the Establishment is abolished and replaced.

Begun the Gamer War has.
 
Slap47 powiedział(a):
Wyświetl załącznik 1879812

You have ruined the lives of good people. Feel sad.
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Sounds like you wasted your life then.

More and more it becomes apparent that college isn't worth shit except for maybe getting your foot in the door at your first job.

I can't even say "learn to code" is worth it. Between Certifications and just making your own portfolio (aka website), you can probably do without college even in coding. Plus you wouldn't start your adult life with $100K in debt.
 
Secret Asshole powiedział(a):
So does anyone have any good investment sites or brokerage sites? I probably should get in on investing, and not meme shit.
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Fidelity is pretty good IMO. They are a serious brokerage with actual customer support (even physical branches) and not a toy app (though they have a mobile app and it’s quite good). I have heard good things about Schwab though I have never used them. Vanguard is the favorite of the Boglehead boomers but I found their web interface to be outdated and cumbersome. Speaking of which, if you don’t know about Bogleheads, it’s a good resource for learning about boring buy-and-hold type investing.
 
Ostatnio edytowane:
TitanWest powiedział(a):
It's great that people are learning in real time that the "free market" is rigged. George Soros did this shit (Except he shorted stocks) to the 8th largest central bank in the world and no one gave a shit. But some redditors do it to GameStop and it's the apocalypse. Their mask is slipping boys. Change is not far away. Show this to everyone you know. The motto is "delegitimize, delegitimize, delegitimize" until the Establishment is abolished and replaced.

Begun the Gamer War has.
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Whats going on is the elites have been shedding all the non violent means to conflict resolution.

What this is doing the helping them do it faster and forces them to do it more openly.

This is going lead to violent confrontation between rich and not rich.
 
Spasticus Autisticus powiedział(a):
Fidelity is pretty good IMO. They are a serious brokerage with actual customer support (even physical branches) and not a toy app (though they have a mobile app and it’s quite good). I have heard good things about Schwab though I have never used them. Vanguard is the favorite of the Boglehead boomers but I found their web interface to be outdated and cumbersome.
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Site seems to be pretty overrun right now. I know because I've gotten the same error every time I've applied.
 
DeadFish powiedział(a):
Whats going on is the elites have been shedding all the non violent means to conflict resolution.

What this is doing the helping them do it faster and forces them to do it more openly.

This is going lead to violent confrontation between rich and not rich.
Kliknij, aby rozwinąć...
If only. Reality is that the government will swoop in and save the investors, some will be the fall guy, or prosecute some WSBers, and new laws will prevent normal people crashing on to the elites' walled garden parties.

I partially wish this can contribute to an economic meltdown of epic proportions as long as the elites are dragged down to hell too.
 
hear my theory...
if melvin/other shorters refuse to buy the inflated shars back, they bleed interest money to the original lender X. all of their fund transfers to X and they go bankrupt.
now X, the fuckers who overloaned the shares, isn't bound by any contract to purchase back any shares. it packs its bag and moves
someone help me understand this
 
Exbein powiedział(a):
I partially wish this can contribute to an economic meltdown of epic proportions as long as the elites are dragged down to hell too.
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I'd rather it not only just because I'm sure the powers that be will make sure that the rest of us foot the bill while the Left goes out of their way to make sure their donors get to stay afloat a little while longer. Now...if the meltdown drags them along with it though, I might not mind as much.
 
just_do_it.jpg
 
Exbein powiedział(a):
I partially wish this can contribute to an economic meltdown of epic proportions as long as the elites are dragged down to hell too.
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I work for my money. I've watched enough episodes of American Greed to understand that you shouldn't give people your fucking money if you don't understand what they do with it.
 
theshitposter powiedział(a):
hear my theory...
if melvin/other shorters refuse to buy the inflated shars back, they bleed interest money to the original lender X. all of their fund transfers to X and they go bankrupt.
now X, the fuckers who overloaned the shares, isn't bound by any contract to purchase back any shares. it packs its bag and moves
someone help me understand this
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It's not an idle thought, but it's highly dependent on how the actual short contracts are written. It also depends on what Melvin's backstop is, if they have any: are they organized as a completely independent and separable entity? Do they have insurance? Re-insurance on that?

To be honest I haven't kept up with the post-Dodd structural reforms, so I'm not sure how hedge funds are organizing themselves these days. But unwinding one after a crash is rare enough that we can't predict what happens ahead of time, and the situations are unique enough to change with each crash anyway.
 
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