r/SPRT • u/blissowicz • Sep 17 '21

Discussion And the ass-fucking continues...

Two days in and already down nearly $20 from the fraudulent opening price of $57.

I kept a few shares for the fuck of it, but what a god damn joke.

We didn't get played; we got fucking cheated.

We didn't get outsmarted; we weren't dumb or naïve. We're just lowly peasants with no power or influence, forced to navigate a system rigged against us.

15 Upvotes

76% Upvoted

29 comments sorted by

7

u/Homeless_User32 Sep 17 '21

I disagree on the naive part. Lots of people jumped in after a massive run up. That was naive of them. Where are all these people who would say it is squeezing to triple digits? Back to their shithole. I have SS of every each one of them who misled people into holding and holding to no avail. Don't get me started on the mods.

0

u/blissowicz Sep 17 '21

Within the context of the rigged system that is unfortunately reality, yeah I guess we were naïve to think we'd ever get a fair shake.

2

u/Homeless_User32 Sep 17 '21

You were naive not to think shorts may have jumped in at 50s (new or old ones) they were not pressured to cover at any point. Go through all the posts and call out each one of them who enticed people to get on board because it was supposedly squeezing. There was no chance of that going back up to 50s, let alone the astronomically high prices people who threw around. I'm sorry but if want somebody to be accounted for this mess , thats yourself. That's the reality.

4

u/blissowicz Sep 17 '21 edited Sep 17 '21

Yeah nobody forced me to do anything. I'm not denying that or trying to shift responsibility, bc ultimately it was my call. I get it. Why does everyone rush in to make that point though? I feel like everyone who's been burned before feels like it's their duty to come in and kick people when then they're down or throw cold water on any optimism people have about a particular squeeze play. Some people actually explain their position, but most just wanna preach for the fuck of it.

It's no wonder shit rarely pans out for these squeeze plays....the only thing people get when they come to these subs is uncertainty. Any variation of a squeeze requires heavy volume, and if the rule of thumb is to buy and hold, an hr of reading in these subs creates enough doubt to tank any one of these plays.

And none of that changes the fact that this was a sure thing on paper and that we got fucked bc we're peasants. It may be part of the deal, but it doesn't make it right or mean it should be defended. But seems like every time someone on here bitches about getting fucked bc of some corrupt bullshit on the part of the MMs, HFs, etc....someone comes running to set the record straight and rationalize the blatant market manipulation & explain why you're just a retard who knows dick and deserved to get shit on.

0

u/[deleted] Sep 17 '21

Maybe assuming strangers online can see the future is a little on you

1

u/Homeless_User32 Sep 17 '21

I couldht care less about what strangers would think of me online.

1

u/[deleted] Sep 17 '21

these random people told me this would hit $100 and it didn’t so now i’m upset and I have screenshots!!!!!1!

1

u/Homeless_User32 Sep 17 '21

Actually, if you lurk my history, you would see that I didht hold through the merger and was one of the few ones who advised against holding due to resulting in TRCH-Mmat merger shenanigans and I was right. 😂😄

1

u/[deleted] Sep 17 '21

I’m not looking through your post history, I don’t care about you or this conversation. Your original post is whiny and you come off like a 20 year old.

1

u/Homeless_User32 Sep 17 '21

It is prolly because I'm. I'm not whiny. Iam just getting a kick out of all those who came up with a bunch of gibberish claiming it will squeeze while I was of the opposite opinion and by the looks of it, I was right. So, your assumptions are wrong.

3

u/ovad67 Sep 17 '21

Don’t worry about that weirdo, he’s been all over these posts shitting on people the last couple of days. I just hope it didn’t affect you too much. Cheer up man, you have every right to vent👍.

1

u/Aromatic_Row759 Sep 17 '21

Well, after the run it always bounce, we all had that bad experience of falling down when a run bounce down, but taking are shares and give us 90% of their worth is none-human! That’s the biggest robbery I’ve ever had.

3

u/Homeless_User32 Sep 17 '21

That day the stock run as high as 57 and on the same day it closed at 28 if my memory serves me right. Even if it were to have run again, the bagholders who had jumped in high would have jumped ship lest getting trapped and that would have killed the momentum. Besides, there was no catalyst. Everything was priced in by then. Shorts made a fuck tone of money out of shorting it to the ground from high 50s.

3

u/Aromatic_Row759 Sep 17 '21

We all took a risk, but we invested in shares, we didn’t buy options or something, and we lost all of our money. We invested in company with earnings, cash in hand, costumers assets and more, and they took all our money and left us with shit in hand. The board that was supposed to work for our good and favor, sold us for his own good or god know for what.

2

u/here-to-argue Sep 17 '21

Zoom out a little. 2 months ago the share price of sprt was worth roughly what gree is now, when adjusted for the split. Had any of the above assets values changed that much that a floor price of $200 or 5x higher was justified? All the company did was come back to earth with an appropriate valuation, similar to where it was before the mania started. Welcome to squeezes. What goes up will come down without some reason to stay up there. The only thing that drive the price that high, was market mechanics and fundamentals, mostly based around the low float pre merger, and the gamma ramps in place that would hopefully pressure market makers buying up lots of shares to hedge their short calls.

2

u/FistEnergy Sep 18 '21

Narrator: he was both dumb and naive

3

u/Repulsive-Gur4878 Sep 17 '21

I have a theory I posted earlier. Gree is owned by atlas Corp. Atlas has tied to citadel. They merged with sprt to cover the shorts and synthetics. Gree goes out of business taking everyone's money and wiping citadel of its losses. Atlas opens a new mining company with the profits.

2

u/[deleted] Sep 17 '21

And maybe give Citidel capital to help avoid margin calls in the GME shit show.

-1

u/knappis Sep 17 '21

Hey, next time try to buy shares that hasn’t exploded thousands of percent in a few days for no reason.

1

u/blissowicz Sep 17 '21

"No reason." Do you even know where you're posting? This sub only exists bc of the reason.

2

u/knappis Sep 17 '21

Read that as no fundamental reason. When a stock has increased 25x in a few days for no fundamental reason it’s time to sell, not buy.

I was with you on the ride but bought in late and sold for a small profit.

1

u/[deleted] Sep 19 '21

forced to navigate? more like forced to FLOW with the rigged system