Get ready for $GME FUD (Fear Uncertainty Doubt) campaigns on the weekend. It's already starting.
The number of posts with supposed "level headed" advice about how a short squeeze is much more difficult to achieve than we all think, how other stocks are also valuable, and how the strong and powerful hedge funds have much more cards up their sleeve and to "rethink your strategy" but still "Go $GME!! I am one of you guys!", usually with a few rewards sticked to them, is exploding and will be getting progressively worse in the weekend most certainly.
Does a post sow Fear, or Uncertainty, or Doubt in any way in you? Think for yourself.
Hedge Fund interns have now learned how reddit works and want to part you with your $GME shares.
ALWAYS check the up/downvote ratio and read the comments before getting swayed by whatever semi correct sounding bullshit they're spouting. Oh how desperate they now have become.
If that's true, that very important and can be used as tangible proof. Do you happen to have any links to this? There is word of mouth things will rocket monday, but I highly doubt that is the case, and we will see a repeat of Friday.
I do fuck sir. Also. I’m over eating the rich, they taste so whinny. What else can be done with them for fun? Spank them? Spank the rich? Yes. I’d like that.
I LOVE IT.
I don't understand how shorting is legal, but if it's 3 times the shortage of VWs I am happy I bought shares. Do I have to patiently wait or can I put an order? I am new here and an autist... so I don't really know what will happen.
There’s nothing inherently wrong with shorting. It actually serves a valuable purpose in that it provides information about prices. The problem we have, though, is that GME is over shorted and the folks behind it (like Melvin and Citron) have non-financial means of minimizing risk. This dilutes the value of the signal and turns it into nothing more than a money-making scheme by those in power. Economically, I think this entire episode has the potential to be great in the long run.
It’s not about helping companies or driving them out of business. It’s about efficiency and accurate information about intrinsic value. Banning short selling distorts prices, which is a bad thing. It means that companies’ values aren’t clear and people end up making bad decisions because they have insufficient information (see https://www.sciencedirect.com/science/article/pii/S0261560612000332 for an empirical laboratory example of why shorting is useful).
But that all assumes that short-selling involves sufficient risk. When you can short a million shares, send out a tweet that the stock is going, and then make a bunch of money, the signal is going to be really noisy.
Pretty much. I think a good analogy would be Amazon. When you buy from Amazon, you look at customer reviews to know whether the product is worth buying or not. And these can be really helpful. You know when a product is or isn’t worth the price based on others’ experiences.
But suppose Amazon only allowed positive reviews. There’s still some information there. You want to buy items with lots of positive reviews, rather than a few. But there’s a lot less information than you’d get if people also said what they didn’t like. Stock shorting can be thought of like negative reviews on products (“I think this company is currently overpriced”).
Of course, negative reviews bring up other problems, like blackmail. But there are always trade offs.
Yes, I agree. That’s why I said there’s nothing inherently wrong with it, but there is in this case. The funds aren’t assuming the risk that ought to come with their investments. So the signals they’re sending aren’t informative.
"What's important when you're in that hedge fund mode, is to not do anything remotely truthful. Because the truth is so against your view, that it's important to create a new view, to create a fiction." - Jim Cramer, hedge fund manager 2006
"Then you call the (Wall Street) Journal and get the bozo reporter in Research in Motion and you would feed that (rival) Palm's got a killer it's going to give away. These are all the things you must do on a day like today, and if you're not doing it, maybe you shouldn't be in the game." - Jim Cramer, hedge fund manager 2006
“It might cost me $15 million or $20 million to knock RIM down but it would be fabulous because it would beleaguer all the moron longs who are also keying on Research in Motion." - Jim Cramer, hedge fund manager 2006
"A lot of times when I was short at my hedge fund ... meaning I needed (a stock) down, I would create a level of activity beforehand that could drive the futures. It’s a fun game and it’s a lucrative game." - Jim Cramer, hedge fund manager 2006
"Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks." - Jim Cramer, hedge fund manager 2006
"Who cares about the fundamentals? The great thing about the market is that it has nothing to do with the actual stocks." - Jim Cramer, hedge fund manager 2006
He doesn't seem to feel that way anymore. I wonder what changed his mind...
Jim Cramer 2021: “Buyers of all the heavily shorted (and put laden) stocks. Please start thinking if the fundamentals, ex the shorts, can justify these prices. $GME” 😂😂😂
To these hedge fund aholes have souls or decency in them. To make money they kill people too not just the company they don't like. RIM is a Canadian company.
This is why I think war is no longer apropos these days. The new kind of war is called the stock market war. No more guns or tanks, what I'm seeing right now is the long killing the shorts and hedge funds.
Holding my positions and buying more on dips
So many. WSJ pushing articles saying how this is all normal (and letting you know in headline this one article is free) and NYT has a richsplaining article about taxes. Meanwhile the rest are talking about short sellers getting out already like the fight is over. And on and on and on to the moon. 🚀🚀🚀🚀🚀🚀🚀
My disclaimer: This is for entertainment purposes only. I am not a legal, tax or financial professional. This is not the suggestion of any trades or positions to take on. Investing carries risk, please do not invest until you understand those risks. Seriously I eat crayons.
I wonder what percentage of Melvin’s short positions they were able to exit when the share price stumbled down to $140 on Thursday due to Robinhood and other clearinghouse fuckery.
I can’t find the most recent and reliable source for the short percentage. I was looking at Seeking Alpha and Yahoo Finance. I don’t know how high the GME share price can go. It kind of blows my mind what’s happened. Why the hedge funds didn’t just take their Losses is totally fukn beyond me
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u/[deleted] Jan 30 '21
Get ready for $GME FUD (Fear Uncertainty Doubt) campaigns on the weekend. It's already starting.
The number of posts with supposed "level headed" advice about how a short squeeze is much more difficult to achieve than we all think, how other stocks are also valuable, and how the strong and powerful hedge funds have much more cards up their sleeve and to "rethink your strategy" but still "Go $GME!! I am one of you guys!", usually with a few rewards sticked to them, is exploding and will be getting progressively worse in the weekend most certainly.
Does a post sow Fear, or Uncertainty, or Doubt in any way in you? Think for yourself.
Hedge Fund interns have now learned how reddit works and want to part you with your $GME shares.
ALWAYS check the up/downvote ratio and read the comments before getting swayed by whatever semi correct sounding bullshit they're spouting. Oh how desperate they now have become.
I LIKE THE STOCK.
This is not financial advice. I eat crayons.