No. Finding a company that had a 140% of available stock SHORT is rare to the point it reflects the insanity of those who would try it. It was leveraging greed to a level rarely seen in the history of the markets,and it backfired when people noticed it.Not this specific instance, but now that the consequences are known, they could do this anytime,any day, to near any stock.
Aaaaaaaand it’s Trump’s fault:
Analysis: How Trumpism explains the GameStop stock surge
At the core of Donald Trump's angry populist appeal was -- and is -- this sentiment: The elites think they know better than you. They think they can tell you how to live and what to believe. But guess what? We the people are smarter than the elites!www.cnn.com
There are some, at least this dude on the Chan, that think it was orchestrated for the Great Reset:
View attachment 123081
Truly amazing times...
I saw a story yesterday that there is a bunch of police, public, municipal, and teacher retirement funds on the line...
The entire 3M members of WSB didn’t hatch this plan. I’ve been watching this a while and a very small group started talking about GME and shorts last year. We know Congress called Facebook, Twitter, and others to the carpet over foreign actors interfering with elections for at least the last 4-5 years by creating fake political action groups, fake posts, disinformation, etc. on those platforms. All I’m saying is that it’s possible a similar group could plant the seeds for something like this to damage our economy. WSB was hidden, and then made private, just a few days ago because of the amount of bots and new members coming in to push other stocks. The suspicion then was big companies were trying to distract people away from GME to kill momentum. If Reddit recognized the potential for manipulation and reacted to the threat, I’m going to pay attention. Everyone is getting a kick out of billionaires getting owned, but keep a clear head.Not a small group. Over 5 mil on the Wall street Bets subreddit. I'll be moving off Robinhood when all this settles.
i dunno, they say it could get to 1k. so if you raised 50k to dump at $350 a share, and it hit $800 (which might be reachable) thats almost 115k? But then again, it might tank... if only miss cleo were still aroundUnless you mortgaged your home in the early hours of this, you’re probably going to get hosed.
I'm impressed with the solidarity of these crazy kids so far. Many of them who got in early have to be up millions. I expected a major sell off by now, but they seem to be holding out for the serious $$$.i dunno, they say it could get to 1k. so if you raised 50k to dump at $350 a share, and it hit $800 (which might be reachable) thats almost 115k? But then again, it might tank... if only miss cleo were still around
The guy behind the moves got outed by Reuters:
Famed GameStop bull 'Roaring Kitty' is a Massachusetts financial advisor
A YouTube streamer who helped drive a surge in the shares of GameStop Corp is a 34-year-old financial advisor from Massachusetts and until recently worked for insurance giant MassMutual, public records and social media posts show.www.reuters.com
It was never a secret.The guy behind the moves got outed by Reuters:
Famed GameStop bull 'Roaring Kitty' is a Massachusetts financial advisor
A YouTube streamer who helped drive a surge in the shares of GameStop Corp is a 34-year-old financial advisor from Massachusetts and until recently worked for insurance giant MassMutual, public records and social media posts show.www.reuters.com
People keep calling them kids, but it's not just kids. Sure, Mark cuban's kid is 6, but hell, i'm almost 50.I'm impressed with the solidarity of these crazy kids so far. Many of them who got in early have to be up millions. I expected a major sell off by now, but they seem to be holding out for the serious $$$.
Just because someone has a reason to lie is reason enough to distrust the information. But it's not evidence that they ARE lying. It's still worth knowing whether innoccent people are being hurt. But yeah, listing the people one's children might mention in a bedtime prayer sounds dubious. "...and please help the police officers and the teachers and the farmers...amen."Please don't believe all the crap coming out right now. The media is on the side of the hedge funds not the people, but this misdirection allows them to appear for the people while assisting the hedge funds.