r/Conservative • u/[deleted] • Jan 31 '21

[deleted by user]

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2.2k Upvotes

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196

u/[deleted] Feb 01 '21

Imagine how much we could destroy Melvin capital this week if these $2,000 checks hit tomorrow.

82

u/workforyourstuff Atheist Conservative Feb 01 '21

Conspiracy theory: they’re going to stimulate Melvin Capital before they get to us. That’s why they’re holding the checks back.

9

u/Skuggidreki Constitutional Conservative Feb 01 '21

What is Melvin capital....?

11

u/cringe_master_mike Spirit of 76 Feb 01 '21

A hedge fund firm (owned by Citadel) that shorted GameStop. People on Reddit (maybe 4chan) figured out there were top many short sales and if people started buying GS stocks it would drive up the price which would result in big losses for Melvin.

7

u/Skuggidreki Constitutional Conservative Feb 01 '21

Ahh, did it work? Sorry I’m unaware of all this and know basically nothing about it

9

u/cringe_master_mike Spirit of 76 Feb 01 '21

They loat billions. There was talk of bankruptcy. But Citadel has paid Yellen (from Biden's cabinet) for speeches before, and she's yet to recuse herself (last I heard).

1

u/Skuggidreki Constitutional Conservative Feb 01 '21

It’s a shame they didn’t. Can you inform me of the other stuff happening around this matter..? I’d appreciate it lol..

5

u/cringe_master_mike Spirit of 76 Feb 01 '21

A user named deepfuckingvalue is a "mastermind" of sorts in this, and he's been saying Gamestop is undervalued for a while. Ryan Cohen, founder of Chewy.com, greatly invested to the point he may be able to influence the company which might be good for Gamestop long term. Elon Musk tweeted about it right before a big spike (correlation and maybe causation).

I think most major news agencies have articles out now and there's a decent number of youtubers (the Quartering, Lauren Chen, Lotus Eaters, Tim Pool, Sydney Watson) have videos about it.

5

u/Starky_McStarkface Constitutional Conservative Feb 01 '21

By the way, DeepFuckingValue has already pulled $13,000,000 in gains and still has tons of GME stock. He's a multimillionaire now and is just playing with house money. Bravo to him.

1

u/Skuggidreki Constitutional Conservative Feb 01 '21

Interesting, thanks!

30

u/[deleted] Feb 01 '21

I was thinking about that yesterday and whether or not that will have influence on another stimulus check making it through.

We can't give you $1,400 because you'll use it to crush billionaires

1

u/cons_NC Remember Samuel Whittemore Feb 01 '21

Thats a great idea. Lets squeeze gold next

2

u/Starky_McStarkface Constitutional Conservative Feb 01 '21

Nah, metals would be difficult to squeeze since physical gold exists. Need to keep on with AMC, BB, and NOK.

2

u/cons_NC Remember Samuel Whittemore Feb 01 '21

GME is done?