I’m seeing a lot of posts from people chastising the GME crowd and smugly commenting “what did you expect buying a $5 stock” “”hogs get slaughtered” “you made a shit investment and you’re crying now lmao” You’re nodding along to CNBC and CNN talking heads spewing about ignoring fUNdaMenTaLs and the “barbarians at the gate” losing interest as stock continues sliding. Savoring that sweet sweet feeling of schaudenfraude and superior intellect as you sigh relief that last week’s extreme FOMO didn’t ultimately pan out into the mother of regrets. Here’s the thing- you’re not acknowledging the reality of what the f just went down. There was no loss of interest, there was retail demand the likes of which WSB and Wall Street had NEVER seen before. The demand was so high last week that it crashed all the brokerages websites on Weds morning when everyone was trying to buy in and the stock was halted every few SECONDs. GME was spiking up on a rocket trajectory right when Robinhood and a slew of other brokerages shut down buying altogether Thurs with NO WARNING right as the stock was about to hit $500 and beyond. WSB discord got shut down and the subreddit (that gained 5M plus subs in days) went dark. With no one able to buy in, HF short ladder attacks pushed the stock down almost $400 in minutes as millions of retail investors had to wait days for their transfer to Fidelity so they could buy in. The blatant market manipulation was on brazen display for the world to see, because the HFs were THAT desperate to stop the squeeze that they’d rather risk millions in fines and possible jailtime than go bankrupt to infinity. The media and all the people acting like what happened this past week was normal are purposefully ignoring the stark crimes that happened over this week and gaslighting those who supported GME. You, the common man, are in this too because the HFs, media and the SEC just outright told you that they will do anything to ensure you will never win their rigged game. Instead of acknowledging this demented f*cked reality, you join in to step on those who got cheated out of their practically guaranteed gains because the media told you so, and it makes you feel just a little bit better about yourself. And that is the most unfortunate outcome of all of this IMO. Short seller HFs lost a few billion this time but were on the brink of no return before showing the world what cockroaches will do when they’re exposed to the light of global scrutiny and vulnerabilities in their own system. There has never been such a mass recognition and acknowledgement that the emperor indeed wears no clothes. Don’t let this go to waste, don’t forget it. #GME
We are acknowledging plenty. Mainly that people thought they could predict a game going up against people who have dedicated their career day in day out with tons of research and infrastructure behind them. What would they expect playing against an NFL team? Could they run back a kick off? Sure. More than once? Chances dwindle quickly. Anomalies happen in the market all the time .. and there are tons of players that benefit. The market adapts quickly though so not sure why everyone is so shocked that it's not going to the moon
it was just a pump and dump. HF continued to short the thing, they have all the time/money to wait and they know for sure that GME will go back below $20 in a few weeks max, probably days now. People need to stop the BS around hf losing billions. They didn’t lose anything and will most probably won some money. The millions $ won by people are coming from other people who bought at $200++ and lost everything.
I did buy gme (and other meme stocks) and I knew in advance it was a shitty investment. I broke even in total gains but anyone who invested a relatively large chunk of money that they can’t afford to lose and lost it there were really dumb and should take this as a life lesson. That was a pretty expensive lottery ticket. This is not about working class fighting hedge funds, this is all about making a quick buck.
I agree. The investors exposed something. Not sure what, but something. This, they did by losing their life's savings. So, they exposed something but at a huge cost.
“If you don’t know who you are, Wall Street is an expensive place to find out.”
Agree with all your points. But the shorts won, they’ll drive the price back to where it belongs 20-30 range seems reasonable with the new Management. I sold most of my position today, should’ve sold it last Thursday.
Basically a big transfer of wealth from funds who are short to other funds who are long. Some shorts learned a valuable lesson, to hedge their short position. Nothing else changed from this.
Bought $15K worth of shares at $150 Sold at $300. Paper hands? 🧻🙌 Tell that to my capital gains statement 😎
It's over. Wake up. Get out of daydreaming.