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HOT TOPIC Reddit r/WSB bankrupts Hedge Fund using Robinhood

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Ravens_Shadow

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I think there is a misconception on WSB a bit.

The Reddit community as a whole mostly consists of millennials.

In particular, WSB are much, much smarter than they put on. It's like a bunch of us at a Summit totally cracking jokes and talking shit all while talking about a serious subject lol.

The "bunch of kids in a basement spending stimmy money" actually works in their favor, and was the same thing that totally destroyed Tesla shorters. Under-estimation is quite the edge in a fight. If you don't think some of the PPP or EIDL money hasn't funneled or is inside Tesla stock (or in other stock contributing to the overall equity market exploding), then you may want an awakening, and I don't think kids in a basement are doing that.

Honestly; I think the "kids in their moms basement" narrative was dropped by the big guys awhile back when they realized it wasn't.

What I like about WSB is that their BS filter is on another level, and things will get called out for what it is and ain't very fast.

With all that said....

THIS IS A.... MOVEMENT. NEVER go against a movement lol, as its one of the most powerful things in the world. I think probably most of us here would like to give a huge middle finger to the big guys.

Although it is and will be a pump and dump when its all said and done; the mechanisms of it is extremely unique and never seen before.

Most think; these WSB guys will fall flat on their face.. will they though? I mean, to be honest; most of these guys got in around $30-50. Yes, you see lots of comments about $100-150, but even then; when this things goes to $1k.. Do you think the guys with $150 entries are the ones falling on their face?

Or will it be the media-induced greedy non-WSBer coming around trying to get in on the action buying in at $500+?

The scary part on all of this and "The Movement"? Its exposed something that can be replicated toward other highly short floated stocks. (*achem* AMC. disclaimer: I am balls deep in that from an earlier entry).

Mob Mentality: During a riot; once they see that they can burn down a building and it went successfully; they go to find another building.

Use smart stops, move them up as things move up, learn to get out when you hear average Joes actually buying the hype (and not just talking about it) because their stupider neighbors are richer cause of it, and learn to pull profits on the way up and can say "ah shit, should of held... oh well" as you turn around to smash a Pro V1x down a fairway from your new Taylormade driver.

Then you'll do fine in any bubble. The most gains are in the last stretch anyways.. and we are at the Belief stage where the doubters actually give in and "believe" and put their money in. Then Thrill, then Euphoria. Then GTFO lol.

Rinse, repeat.

$1k. then AMC.
Bought 40 shares of AMC for the lulz. Lets see if i lose the money or not. I'm one of those damn robinhood traders i guess.
 

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thechosen1

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If it'll have an epic crash would it make sense to short it?
No, that’s exactly how this has all happened and the naked shorts are the reason it’s ratcheting up. They’re the biggest losers here.

Maybe buy some long puts if you want but don’t risk anything you can’t afford to lose... this situation is definitely playing with fire.

There is the chance it can keep going up because hedge funds are still trying to short it and will get squeezed.

In Unscripted, MJ mentions using a small portion of your money for risky speculative plays.

However, this situation is mostly just dumb and nobody knows what will happen next.
 
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maverick

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Bought 40 shares of AMC for the lulz. Lets see if i lose the money or not. I'm one of those damn robinhood traders i guess.
Let's save the movie theatres! :D
 

redshift

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I’ve been holding AMC since last year at $2, wasn’t expecting a Reddit takeover though lol. This is getting interesting, already around $15 in pre-market.
 

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There is no such thing as Hedge fund taking risk.
Its hedge fund getting treated by illegal activity.
From a lot of people, yes.
But it doesn't mean its "their risk."

And gov should prosecute those who did this.
Its called "market manipulation" and is illegal.
 

thechosen1

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There is no such thing as Hedge fund taking risk.
Its hedge fund getting illegal activity.
From a lot of people, yes.
But it doesn't mean its "their risk."

And gov should prosecute those who did this.
Its called "market manipulation" and is illegal.

Technically, the WSB traders are manipulating the market.
 

Kid

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Technically, the WSB traders are manipulating the market.
Yes, now's the kicker - i think its few quarters until someone
will do it on purpose and for profit.

"Ya know, no-one knows who I am online"
 

Ravens_Shadow

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Looks like a lot of trading platforms and reddit have all crashed and cannot be accessed.
 

thechosen1

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Looks like a lot of trading platforms and reddit have all crashed and cannot be accessed.

None of it is down for me.

There's a lot of opportunity right now, but with the way things are going, it's totally unpredictable.

Some people are going to get suddenly rich and others will be bankrupt.
 

maverick

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Yes, now's the kicker - i think its few quarters until someone
will do it on purpose and for profit.

"Ya know, no-one knows who I am online"
This is exactly the game wall street has been playing for decades. They never had to fear retail investors banding together though.
 

thechosen1

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Browsing the WSB subreddit really stinks of scammers.

It reminds me a lot of the "merching clans" from old Runescape. IYKYK

Basically they'd pick a random item in the game and say it was going to go up in value (for no apparent reason) - the "clan leaders" would already have bought thousands of this item, they would just run a pump & dump. The prices do rise, but it's because of the people being duped, not much else.

The short squeeze is a real thing, but overall the reddit sub is a bunch of people scamming each other.

By the time you start asking "why is this guy still holding all his positions when he has so much unrealized profit" it will be too late and they'll be outta there. Lol

edit: I guess "pump & dump" is a foreign concept here.
 

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James Fake

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For years and years these big guys have manipulated the markets, used every trick they can, billion dollar undefeatable trading algos, paid CNBC shills, creating fake FUD and fear (think Tesla in mid 2020) that a company is going down or putting out bad product, etc. etc.

They wrecked lives for years and years. Entire families. Had people commit suicide. Bankrupted people. Granted yes, only invest in what you can afford to lose, but at the same time; it's on the thin line of entrapment and baiting.

So YES, this was over due.

This is called crowd sourcing. How are they going to make something illegal that doesn't even exist? It's a movement; its about as equal to one's view in politics... and then trying to stop someone from voting (buying a particular stock for a big FU finger).

There's no way to stop it except to use circuit breakers and try to halt trading.

This thing easily runs to next week...

There are millions of people literally in a 2-3 day waiting period as their deposits are clearing into these exchanges. What we are seeing now? Are the people leaving other positions they have or lucky to have had some free money already on exchange.

You haven't seen FOMO yet. Once I see the doubters get over their anger stage and finally capitulate in because the 25%+ days are not stopping or slowing; then I will begin pulling profits.

Quote me: Once the people NOT in it are over their Anger stage and capitulate in, is when to begin pulling profits.
 

kelvinfernandezm

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There is no such thing as Hedge fund taking risk.
Its hedge fund getting treated by illegal activity.
From a lot of people, yes.
But it doesn't mean its "their risk."

And gov should prosecute those who did this.
Its called "market manipulation" and is illegal.
There's nothing illegal with what reddit did. If it was illegal to talk about stocks than why do Hedge Funds go on TV and talk about how the stocks will perform?
 

James Fake

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For instance; these little turds (Melvin Capital and its Billionaire Boy club friends) go onto CNBC this morning and straight up LIE about being completely out of their short position in GME. Yet, all the stats, outstanding, float (delayed), etc. are all screaming the total opposite of what they are saying. Covering shorts by buying back at $250+.. definitely did not squeeze. The run up we see now is by outside frenzy buying volume. When this truly squeezes by those lying shit bags, they'll end up covering and buying $500+ and then the squeeze will happen and the stock price will rocket shoot to $1k.

There's Lying and then there's Bluffing.

These little shits are straight Liars. Scums. Shit bag behavior.

Further punishment for these guys are coming...

I'm trying to tell you.. the stock and gains are merely just the layer, underneath is a CAUSE thats even greater than what you see on the outside.
 
Last edited:

kelvinfernandezm

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Browsing the WSB subreddit really stinks of scammers.

It reminds me a lot of the "merching clans" from old Runescape. IYKYK

Basically they'd pick a random item in the game and say it was going to go up in value (for no apparent reason) - the "clan leaders" would already have bought thousands of this item, they would just run a pump & dump. The prices do rise, but it's because of the people being duped, not much else.

The short squeeze is a real thing, but overall the reddit sub is a bunch of people scamming each other.

By the time you start asking "why is this guy still holding all his positions when he has so much unrealized profit" it will be too late and they'll be outta there. Lol
calm down nobody is scamming one another on WSB.
 

kelvinfernandezm

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For years and years these big guys have manipulated the markets, used every trick they can, billion dollar undefeatable trading algos, paid CNBC shills, creating fake FUD and fear (think Tesla in mid 2020) that a company is going down or putting out bad product, etc. etc.

They wrecked lives for years and years. Entire families. Had people commit suicide. Bankrupted people. Granted yes, only invest in what you can afford to lose, but at the same time; it's on the thin line of entrapment and baiting.

So YES, this was over due.

This is called crowd sourcing. How are they going to make something illegal that doesn't even exist? It's a movement; its about as equal to one's view in politics... and then trying to stop someone from voting (buying a particular stock for a big FU finger).

There's no way to stop it except to use circuit breakers and try to halt trading.

This thing easily runs to next week...

There are millions of people literally in a 2-3 day waiting period as their deposits are clearing into these exchanges. What we are seeing now? Are the people leaving other positions they have or lucky to have had some free money already on exchange.

You haven't seen FOMO yet. Once I see the doubters get over their anger stage and finally capitulate in because the 25%+ days are not stopping or slowing; then I will begin pulling profits.

Quote me: Once the people NOT in it are over their Anger stage and capitulate in, is when to begin pulling profits.
Exactly this hedge funds have plenty of resources to manipulate these stocks. They have an army or journalists, reporters and they let everyone know that they are the "experts" and what they say happens. Well yeah, it happens because they've been working on the propaganda that it'll happen. For example the Melvin guy has been saying the Game Stop Stock will collapse under $4 for over a year. That's a whole year telling millions of people on TV and online that the stock would collapse. They were going to give Game Stop its finishing blow last Friday to finally end the company. They don't care how many lives they would ruin by running that smearing campaign against Game Stop. Now that gamers did it to them, they're mad.
 

James Fake

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As Reddit is mostly millennial driven; the best bet for entry on other candidate stocks likely to sky rocket (due to short squeeze or just next meme stock) are ones that are near and dear to our hearts in childhood. Think AMC, Nokia, Blackberry, even Malls, etc.
 

Charnell

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Although it's not similar, it reminds me of when bitcoin took off to $20k. The same people who talked shit on crypto and didn't understand it bought in at $19k.

For those OOTL, here's a decent video summarising what's happening.


Good for WSB.
 

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This is called crowd sourcing. How are they going to make something illegal that doesn't even exist?
How is this new? I mean, back in the day "crowd sourcing" was accomplished through fax machines. I remember getting a few notices and "STOCK ALERTS" a day about this stock or that stock that no one ever heard of but was about to shoot the moon.

The only thing kind of new about this is the "anti-short" nature of this particular pump and dump. But even that's not necessarily new, as Tesla and others waged similar battles for many years. Musk has come under scrutiny for using twitter to manipulate the market, so leveraging social media to manipulate prices isn't new either.

This really feels like a situation that begs the question, "Do two wrongs make a right?"

Not for me to say, and maybe this is "wrong" in terms of the letter of the regulation, but it sure feels like justice. Until you consider the possibility that Melvin and others are managing retirement/pension assets. I hope they aren't. Saudi princes losing this much, ok, but NY cops? (To be clear, I haven't researched this much, too busy working on business, but these are the thoughts that crossed my mind.)

On a side note, my poor Mets can't catch a break. First we get the Wilpons caught up in the Madoff scandal, now we finally have Cohen come in like a white kight and almost immediately losing his shirt tied up in this rigamarole. Ouch.
 

thechosen1

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Browsing the WSB subreddit really stinks of scammers.

It reminds me a lot of the "merching clans" from old Runescape. IYKYK

Basically they'd pick a random item in the game and say it was going to go up in value (for no apparent reason) - the "clan leaders" would already have bought thousands of this item, they would just run a pump & dump. The prices do rise, but it's because of the people being duped, not much else.

The short squeeze is a real thing, but overall the reddit sub is a bunch of people scamming each other.

By the time you start asking "why is this guy still holding all his positions when he has so much unrealized profit" it will be too late and they'll be outta there. Lol

edit: I guess "pump & dump" is a foreign concept here.

If anybody wants to know how this will end, look up Volkswagen in 2008.
 

Mike Partee

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Hilarious. Some idiot on WSB also managed to ban box spreads from Robinhood.

Weaponized autism at its finest.
 

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NCNY

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There is no such thing as Hedge fund taking risk.
Its hedge fund getting treated by illegal activity.
From a lot of people, yes.
But it doesn't mean its "their risk."

And gov should prosecute those who did this.
Its called "market manipulation" and is illegal.
lol, a hedge fund trying to force a company to go bankrupt that would make all their employees jobless lost billions due to their unhedged greedy bet turned against them, cry me a river
 

MJ DeMarco

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Maybe buy some long puts

Not really a good idea, they are so expensive that even a dramatic fall could yield a break-even.

I also wouldn't short them either -- I always avoid these plays were manipulation and STOCK HALTS are likely.
 

James Fake

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I know one thing... They've been calling us.. All of us on this forum... "unsophisticated" investors for years. What they mean is people poorer than them, people who don't have multi-billions, people that are "dumber" than them because we don't have billions, people who in no way can make smart due diligence on stocks and investing, gamblers,...

They lose entirely on one trade buying 140% short shares, 40% more than shares thats even available. Then get a $2B bailout from their rich friends to double down on a losing position to only lose it all again. Then complain, bitch, wine, and yell fraud. We manipulated the market! But.... how do you buy 140% of something that doesn't even exist? If things went their way and that additional 40% short that doesn't even exist in supply destroyed someone's life; its all good?? Sounds like someone over-leveraged and got exposed... sounds like a free market at work to me.

So... Who's really the "unsophisticated" one?

If there's one thing that this whole information super highway has been since it's birth... its that...

The internet is undefeated.
 

James Fake

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Is it gambling though?

Or.... have we simply learned how to momentum trade?

Has times come where... OHHH.... maybe, just maybe... technology has reached a point where 'Momentum' may need to have a slightly bigger place in the "Fundamentals" chart? I mean technology has "fundamentally" changed every single thing in all aspects of everything else in life. You mean to tell me; this one system is completely immune to it?

Psst... You can choose to still carry all those books in your bookbag; or maybe.... since its not 1910 anymore, you don't need to carry all that weight to have the same amount of information. aka education. It changed the fundamentals of how we freakin learn and gather and use information; the core key of humans.

Just cause you can't make sense of Momentum, does not mean its Not fundamentals.

Why can I read Momentum so well? Is it cause I'm technical? No... It's all fundamentals. It's human emotions that drives human behavior that drives buying/selling that drives Price.

Its not 2005 anymore. It's not 2015 anymore. That was 6 years ago in an exponentially adapting time of age in humans. It's 2021. Adapt or be left behind.
 

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Do you guys think Robinhood will be banned and trading restrictions will get tighter from now on? It seems that retail investors are manipulating the markets just like wall street hedge funds.

Here's a quick rundown of what happened this Friday. Someone read through trading reports. They found out that Melvin Capital an investment firm was shorting the Gamestop stock and would close their position this Friday. Word spread around in multiple online trading forums the main one been reddit. The forum users decided to buy Game Stop stocks to prevent the Capitol Firm from collecting on their closing position. The stock goes from around $50 to over $150 in one day. The hedge fund lose their position and goes belly up.



Good. Hedge funds are morally repugnant, or rather the idea that you can bet on a company losing. Things started to go downhill fast the day they allowed that shit to happen. It's open for corruption and I'm glad that people made money when others made instead of the other way round.
 

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rather the idea that you can bet on a company losing. Things started to go downhill fast the day they allowed that shit to happen.
You have a strange definition of the word fast. :rofl:
IMG_20210127_113913.png
 

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Watching GME stock is like watching one of those bicycle pedal bars loaded with drunk people swerving down the street. You think it looks like fun and want to get in on it, then you remember that in 3 blocks you'll be puking.
 

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