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Thread: Reddit Trolls Wall St. Hedge Funds, Buying Up GameStop Stock

  1. #301
    Totally natural and normal movement of a stock, of course.

    https://www.bloomberg.com/news/artic...lly-since-2010

    March 28, 2022, 4:51 PM EDT

    GameStop Corp. rose for a 10th consecutive session Monday, giving the stock its longest winning streak since April 2010.

    The Grapevine, Texas-based video game retailer has surged a staggering 143% during this run...

    CNBC: Move along folks, nothing to see here. Can I interest you in some Tesla today? (while GME was up 25% on the day, not a word about GME but mentions Foot Locker's 1% move and Campbell's 1% move)

    https://www.cnbc.com/2022/03/28/stoc...-and-more.html
    Last edited by devil21; 03-28-2022 at 08:37 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  3. #302
    Quote Originally Posted by devil21 View Post
    Totally natural and normal movement of a stock, of course.

    https://www.bloomberg.com/news/artic...lly-since-2010




    CNBC: Move along folks, nothing to see here. Can I interest you in some Tesla today? (while GME was up 25% on the day, not a word about GME but mentions Foot Locker's 1% move and Campbell's 1% move)

    https://www.cnbc.com/2022/03/28/stoc...-and-more.html
    Let's see how gamestop, amc, bitcoin, etc does after a few more rate hikes and if the Fed finally stops doing QE. They're supposed to be done with QE but they're still printing (60 billion over the last 2 weeks). I'm guessing the short term bond market was starting to crash and they had to fix it.

  4. #303
    Quote Originally Posted by Madison320 View Post
    Let's see how gamestop, amc, bitcoin, etc does after a few more rate hikes and if the Fed finally stops doing QE. They're supposed to be done with QE but they're still printing (60 billion over the last 2 weeks). I'm guessing the short term bond market was starting to crash and they had to fix it.
    There's all sorts of $#@!ery going on with the "meme stocks" that financial media tries to deflect away from. It's honestly got very little to do with rate hikes, QE, etc. I can share some links to info if you're interested. All kinds of dirty underbelly of financial markets has been exposed. Economic sabotage of businesses by a handful of hedge funds who plant poison pill people in executive and board leadership positions for the sole purpose of running the company into bankruptcy, to name one example.

    (It's a good idea to buy a few shares of GME and just sit on them. They may prove to be the best ever hedge against a market crash.)
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  5. #304
    Quote Originally Posted by devil21 View Post
    There's all sorts of $#@!ery going on with the "meme stocks" that financial media tries to deflect away from. It's honestly got very little to do with rate hikes, QE, etc. I can share some links to info if you're interested. All kinds of dirty underbelly of financial markets has been exposed. Economic sabotage of businesses by a handful of hedge funds who plant poison pill people in executive and board leadership positions for the sole purpose of running the company into bankruptcy, to name one example.

    (It's a good idea to buy a few shares of GME and just sit on them. They may prove to be the best ever hedge against a market crash.)
    I agree there's all kinds of shady stuff going on, but I think most of it is caused by the free money supplied by the Fed. I don't think most of this stuff would be happening in a free market and free market money. My guess is when the free money starts drying up you'll see the meme stocks get wiped out because there won't be any free money left to play with.



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  7. #305
    Quote Originally Posted by Madison320 View Post
    I agree there's all kinds of shady stuff going on, but I think most of it is caused by the free money supplied by the Fed. I don't think most of this stuff would be happening in a free market and free market money. My guess is when the free money starts drying up you'll see the meme stocks get wiped out because there won't be any free money left to play with.
    Yeah I agree in the big picture that the money spigot is at the root of it all but that applies to pretty much everything going sideways these days. Everything is $#@!ed up and distorted beyond repair. I'm sure you saw what happened in nickel LME market recently, also.

    I disagree about the outcome of "meme stocks" however. Wall St basically shut off the BUY button again yesterday (see engineered market open halt of both GME and AMC at exactly the same time, wiping out the bid/ask and resetting the price) because another squeeze was about to pop off. They're doing everything they can to contain the meme stocks and the reason is that the hedge funds, working in collusion with Citadel, were planning on naked shorting them into bankruptcy (along with placing poison pill executives and board members) and delisting. Bankruptcy and delisting means the shorters never have to close their shorts and never have to pay taxes on their short gains! The scheme is called "cellar boxing". That plan is obviously not going to work now with GME so they can't get out of their ridiculously huge naked short positions. If the money spigot dries up, how will the hedge funds caught in an uncloseable short position continue "kicking the can"/service their short positions? It's really crazy what's going on with the these brick-n-mortar retail stocks that hedge funds thought they could naked short into bankruptcy. It'll only get crazier so holding a few shares is a cheap lottery ticket.

    more info on engineered halt to stop another squeeze and rob call options holders of gains. pirates still pirating.
    https://www.reddit.com/r/Superstonk/...the_luld_vwap/
    Last edited by devil21; 03-30-2022 at 11:13 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  8. #306
    Quote Originally Posted by devil21 View Post
    Y
    I disagree about the outcome of "meme stocks" however. Wall St basically shut off the BUY button again yesterday (see engineered market open halt of both GME and AMC at exactly the same time, wiping out the bid/ask and resetting the price) because another squeeze was about to pop off. They're doing everything they can to contain the meme stocks and the reason is that the hedge funds, working in collusion with Citadel, were planning on naked shorting them into bankruptcy (along with placing poison pill executives and board members) and delisting. That plan is obviously not going to work now and they can't get out of their ridiculous short positions. If the money spigot dries up, how will the hedge funds caught in an uncloseable short position continue "kicking the can"/service their short positions? It's really crazy what's going on with the these brick-n-mortar retail stocks that hedge funds thought they could naked short into bankruptcy. It'll only get crazier so holding a few shares is a cheap lottery ticket.

    more info on engineered halt to stop another squeeze
    https://www.reddit.com/r/Superstonk/...the_luld_vwap/

    Halts are in place to slow panics. AMC and GME are absolute junk and up on air. When you have stocks built up on fantasy that double in a week you have people who sell. It's how things work.

    I have literally probably had positions in 500 stocks or more that have halted intraday. There is nothing unusual or nefarious about it.

    GME loses 400 million a year. It has a 12 billion market cap. Book value of $20 a share. It will drop 30 bucks from 180 over the next couple of days and it wont be because of evil insiders. It is a junk company. No reason to think about buying at these levels. Only thing that could hold it up is some scam trash news which is the kind of thing scam companies put out so always have to beware even though it is *obviously* going down.
    Last edited by Krugminator2; 03-30-2022 at 10:25 AM.

  9. #307
    Quote Originally Posted by Krugminator2 View Post
    Halts are in place to slow panics. AMC and GME are absolute junk and up on air. When you have stocks built up on fantasy that double in a week you have people who sell. It's how things work.

    I have literally probably had positions in 500 stocks or more that have halted intraday. There is nothing unusual or nefarious about it.

    GME loses 400 million a year. It has a 12 billion market cap. Book value of $20 a share. It will drop 30 bucks from 180 over the next couple of days and it wont be because of evil insiders. It is a junk company. No reason to think about buying at these levels. Only thing that could hold it up is some scam trash news which is the kind of thing scam companies put out so always have to beware even though it is *obviously* going down.
    Yeah you keep saying all that but it never happens. So maybe, just maybe there's something else going on here? I know for a 100% fact that there is indeed something else going on here but it's not my job to convince you. Just keep waiting for that $20 per share price you've been calling for for the last 12 months instead of figuring out why a "junk company" stock runs up 143% in a week and a half.

    Btw, the halt was on the price going up, not down. So who precisely would be panicking at the price going up? Perhaps those caught in uncloseable naked short positions (hedge funds) and call options sellers (Citadel) who would lose a crap ton of money? A Jan 2021 redux.
    Last edited by devil21; 03-30-2022 at 11:09 AM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  10. #308
    Quote Originally Posted by devil21 View Post
    Yeah you keep saying all that but it never happens.
    What is it that you're saying never happens?
    There is nothing to fear from globalism, free trade and a single worldwide currency, but a globalism where free trade is competitively subsidized by each nation, a continuous trade war is dictated by the WTO, and the single currency is pure fiat, fear is justified. That type of globalism is destined to collapse into economic despair, inflationism and protectionism and managed by resurgent militant nationalism.
    Ron Paul
    Congressional Record (March 13, 2001)

  11. #309
    Quote Originally Posted by devil21 View Post
    Yeah you keep saying all that but it never happens. So maybe, just maybe there's something else going on here? I know for a 100% fact that there is indeed something else going on here but it's not my job to convince you. Just keep waiting for that $20 per share price you've been calling for for the last 12 months instead of figuring out why a "junk company" stock runs up 143% in a week and a half.
    The stock dropped from from $250 in late November down to 78 bucks. I have already been proven right. The drop already happened. The stock is the single greatest gift in the world. It will drop 30 to 40 bucks in the next couple of days because that's what turds do.

    These engineered squeezes are nice wealth transfers from the stupid to the smart.


    Btw, the halt was on the price going up, not down.
    No it wasn't. Do you know how I know that? Because I was short AMC and GME when the halt happened watching both tick for tick.

  12. #310
    Quote Originally Posted by Invisible Man View Post
    What is it that you're saying never happens?
    Krugminator's $20 stock valuation claims, generally. Since that's not happening and that isn't going to happen (at least not in this current iteration of a "stock market"), perhaps it's worth digging into to understand why it isn't happening.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  13. #311
    Quote Originally Posted by devil21 View Post
    Krugminator's $20 stock valuation claims, generally. Since that's not happening and that isn't going to happen (at least not in this current iteration of a "stock market"), perhaps it's worth digging into to understand why it isn't happening.
    It has to happen at some point. Did he put a time line on it? You're talking about it like you think it's taking a really long time to happen when this whole thread only got started 14 months ago.
    There is nothing to fear from globalism, free trade and a single worldwide currency, but a globalism where free trade is competitively subsidized by each nation, a continuous trade war is dictated by the WTO, and the single currency is pure fiat, fear is justified. That type of globalism is destined to collapse into economic despair, inflationism and protectionism and managed by resurgent militant nationalism.
    Ron Paul
    Congressional Record (March 13, 2001)

  14. #312
    Quote Originally Posted by devil21 View Post
    Krugminator's $20 stock valuation claims, generally. Since that's not happening and that isn't going to happen (at least not in this current iteration of a "stock market"), perhaps it's worth digging into to understand why it isn't happening.
    The stock was around 180 when I wrote the last post. It is around $177. If the move is legit, there will be people who buy the dip and support it . I think it drops to $130-$140 by Monday. It will be an interesting test case.



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  16. #313
    Quote Originally Posted by Invisible Man View Post
    It has to happen at some point. Did he put a time line on it? You're talking about it like you think it's taking a really long time to happen when this whole thread only got started 14 months ago.

    Here's what I said. From July 1st when the stock closed at $204.36. It bottomed at $78. I do think $20 is probably not far off the "correct" valuation in the long run. It has a $21 book value and loses money. That could be a long time. And it isn't impossible they turn the company around with all the money they raised on the backs of messageboard posters.

    Quote Originally Posted by Krugminator2 View Post
    I think GME will probably drop back to the 50-60 bucks over time. Every bounce is getting sold. It is breaking a range to the downside so I got short. If it doesn't go down I will cover. Really nothing more to it. I really have no idea what these random numbers and Michael Burry and engineered crash or any of that means and I don't want to know.

  17. #314
    Quote Originally Posted by Krugminator2 View Post
    The stock dropped from from $250 in late November down to 78 bucks. I have already been proven right. The drop already happened. The stock is the single greatest gift in the world. It will drop 30 to 40 bucks in the next couple of days because that's what turds do.
    And here it is back to ~180 again. 78 does not equal 20, does it? When will we see your $20 valuation? We won't. Ever.

    These engineered squeezes are nice wealth transfers from the stupid to the smart.
    Are they? Or are they transfers from honest people playing by agreed contracted rules to criminals who don't follow or enforce their own contracts and regulations when they become on the losing side? See nickel LME recently for another example. Pirates stealing as always.

    No it wasn't. Do you know how I know that? Because I was short AMC and GME when the halt happened watching both tick for tick.
    Post the Level 2 feed for proof. I've watched the L2 feed. It was going up. The link I posted to the reddit thread has the video in it.

    What's really going on:
    It's clear that some hedge funds planned to "cellar box" certain retail brick-n-mortar stocks for Amazon's benefit, naked short them into delisting while placing executives and board members into those companies to purposely bankrupt them. Delisting and bankruptcy means never having to close the naked shorts and pay any taxes on the gains. Their main sabotage tool is a "consulting group" controlled by Citadel named Boston Consulting Group. Since retail thwarted that cellar box plan, there's huge short positions between hedge funds and Citadel that can never be closed. All they can do is keep up shenanigans to kick the can while the SEC watches porn.

    Quote Originally Posted by Krugminator
    And it isn't impossible they turn the company around with all the money they raised on the backs of messageboard posters.
    Bingo. Now you're catching on. The huge naked short positions can't be closed (eta: meaning closed without a squeeze....they can be closed, just not without a squeeze, they must let this play out at some point). The playbook of bankrupting the company failed. It's all various $#@!ery tactics to kick the can now.
    Last edited by devil21; 03-30-2022 at 06:05 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  18. #315
    @Krugminator2 @Invisible Man
    Both of your inputs prompted me to look and think deeper about the halt yesterday. I have concluded that what happened was actually a manufactured test on a live market of what will happen when the real squeeze of GME (and possibly AMC, BBBY and other heavily shorted "meme stocks") pops off. There are reports of the last bid/ask being .02bid vs 486Kask. Those numbers are exactly what would be expected during a real short squeeze of GME. People reported that their RH accounts notified them that their $500+ calls were suddenly ITM, even though that price was never displayed. Believe what you will Krug but that was an engineered halt. The bid/ask was wiped and the GME price reset to where it opened at. Big options profits wiped out. It had all the hallmarks of a market test (as was 1987 crash....a test of new computer based trading). They know that at some point these massive short positions must be cleared and any decent market maker that's knee deep in them will engineer a test of the algo's reactions for observation, alteration and risk mitigation. I assure you there's much more going on with these symbols than meets the eye.

    (But they need to pay up, clear out the fraud and restore balance if they want to move to the planned blockchain based stock system...trying to weasel out of it before "building back better" with a new system only guarantees a negative karmic balance from the start. GME apes can be great advocates for the new system if treated fairly during the unwind or fierce opponents of it if not.)
    Last edited by devil21; 03-30-2022 at 06:14 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  19. #316
    Quote Originally Posted by Invisible Man View Post
    It has to happen at some point. Did he put a time line on it? You're talking about it like you think it's taking a really long time to happen when this whole thread only got started 14 months ago.
    I agree. Stuff that has no value will eventually get to their inherent price. Like you said the bubble only started 14 months ago. Let's see what happens IF they stop doing QE for about 6 months or so and raise rates up to something not ridiculously low like maybe 2%. They haven't even stopped QE yet. Give it some time.

  20. #317
    removed
    Last edited by devil21; 07-19-2022 at 02:00 PM. Reason: removed, date sensitive
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  21. #318
    Free dividend shares of GME hitting accounts after market close on Thursday 7-21-22.

    Assuming there's no naked shorts left that created a $#@! load of fake shares, it shouldn't ever matter. But OTOH, there's a wee math problem here if there's fake shares (meaning share counts on the books exceeding the ~76million actually issued by Gamestop) still sitting on various broker/DTC books.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  22. #319
    GME is 156 now. I think it is a good short here. Think it can puke short term and after stock split think it drops 30-40%.

    Edit:157 now. Not breaking down. Maybe holds one more day.

    Edit 2 July 23: Down 7% yesterday. Took off a third around the close. Going to try to play the rest out for a collapse.
    Last edited by Krugminator2; 07-23-2022 at 09:18 AM.

  23. #320
    Quote Originally Posted by Krugminator2 View Post
    GME is 156 now. I think it is a good short here. Think it can puke short term and after stock split think it drops 30-40%.

    Edit:157 now. Not breaking down. Maybe holds one more day.

    Edit 2 July 23: Down 7% yesterday. Took off a third around the close. Going to try to play the rest out for a collapse.
    I hope you understand the implications of shorting during a dividend split...
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  25. #321
    Quote Originally Posted by devil21 View Post
    I hope you understand the implications of shorting during a dividend split...
    Split was last week. Was short before the split and held through. No implications. Cutting a pie that had 4 pieces into 16 pieces is still the same amount of pie. A+ trade. Took some more off today. Down to one quarter size. Will look to add if it stays heavy.

  26. #322
    Quote Originally Posted by Krugminator2 View Post
    Split was last week. Was short before the split and held through. No implications. Cutting a pie that had 4 pieces into 16 pieces is still the same amount of pie. A+ trade. Took some more off today. Down to one quarter size. Will look to add if it stays heavy.
    Yeah you don't understand. It wasn't a generic stock split. Good luck.
    Last edited by devil21; 07-27-2022 at 03:10 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  27. #323
    MASSIVE bubble in meme junk . They probably don't collapse today. But a gap up tomorrow would be a gift from the gods.

    GME, AMC, BBBY. Apes handing out free money right now for a short. Probably safest to wait a day.

    Mini meme stock is Revlon which is bankrupt and shareholders will get zero or very close is $8.35. High borrow cost but if you can time the turn, plenty of downside meat.
    Last edited by Krugminator2; 08-08-2022 at 12:26 PM.

  28. #324
    Quote Originally Posted by Krugminator2 View Post
    MASSIVE bubble in meme junk . They probably don't collapse today. But a gap up tomorrow would be a gift from the gods.

    GME, AMC, BBBY. Apes handing out free money right now for a short. Probably safest to wait a day.

    Mini meme stock is Revlon which is bankrupt and shareholders will get zero or very close is $8.35. High borrow cost but if you can time the turn, plenty of downside meat.
    You should go all-in shorting all of them. Literally can't go tits up.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  29. #325
    Covered BBBY, GME and AMC yesterday and today in selloffs. Might collapse tomorrow but without me. Would love to see one more crazy spike.

  30. #326
    Shorted BBBY at 25. Probably drops 10 bucks from here over the coming days.

    Very similar to Gamestop. Same guy pumping it. Half the shares are short. Lots of low IQ buffoons buying call options which causes market makers to have to hedge by buying the stock which creates a self reinforcing loop of buying. But when it tops out the selling will be even faster.

    Edit: Covered after hours in the 18.5-19.5 range.

    Will short Gamestop huge on a gap down.
    Last edited by Krugminator2; 08-17-2022 at 03:20 PM.

  31. #327
    BBBY down below 12 after hours. Gamestop down 10% on the news after hours as well.

  32. #328
    Quote Originally Posted by Krugminator2 View Post
    Shorted BBBY at 25. Probably drops 10 bucks from here over the coming days.

    Very similar to Gamestop. Same guy pumping it. Half the shares are short. Lots of low IQ buffoons buying call options which causes market makers to have to hedge by buying the stock which creates a self reinforcing loop of buying. But when it tops out the selling will be even faster.

    Edit: Covered after hours in the 18.5-19.5 range.

    Will short Gamestop huge on a gap down.
    Same guy pumping it? You mean Ken Griffin, right? lol Citadel enables these naked short squeezes by creating fake shares for hedge funds (and Citadel's own hedge fund) and never delivering actual shares, allowing short interest to exceed actual float shares.

    Ryan Cohen had owned his BBBY positions since January-March buy window so no, he wasn't "pumping" anything. Or do you think he pulled that old "buy shares and options months in advance then sell for a profit without making a single public comment." lol again.

    Media lies constantly and I guess he's no exception. According to Wall Street's media foot soldiers, Wall Street is never the cause of anything, especially not illegal naked shorting that causes short interest to exceed 100% of float which triggers a squeeze. Again. Pirates still stealing, as always.

    That was a pretty wild chain of events, though. I made a small profit since I had to work during the run-up and didn't get to sell any when it hit 25+.

    GME and BBBY are sync'ed up because they're both tied together (along with a bunch more "dying brick and mortars" that hedgies tried to cellar-box into bankruptcy) through swaps, a la Archegos/Hwang. The media just labels them meme stocks to deflect from the real story of failed cellar boxing via illegal naked shorting that I explained in earlier posts.
    Last edited by devil21; 08-19-2022 at 07:03 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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  34. #329
    Quote Originally Posted by devil21 View Post
    Same guy pumping it? You mean Ken Griffin, right? lol Citadel enables these naked short squeezes by creating fake shares for hedge funds (and Citadel's own hedge fund) and never delivering actual shares, allowing short interest to exceed actual float shares.

    Ryan Cohen had owned his BBBY positions since January-March buy window so no, he wasn't "pumping" anything. Or do you think he pulled that old "buy shares and options months in advance then sell for a profit without making a single public comment." lol again.

    Media lies constantly and I guess he's no exception. According to Wall Street's media foot soldiers, Wall Street is never the cause of anything, especially not illegal naked shorting that causes short interest to exceed 100% of float which triggers a squeeze. Again. Pirates still stealing, as always.

    That was a pretty wild chain of events, though. I made a small profit since I had to work during the run-up and didn't get to sell any when it hit 25+.

    GME and BBBY are sync'ed up because they're both tied together (along with a bunch more "dying brick and mortars" that hedgies tried to cellar-box into bankruptcy) through swaps, a la Archegos/Hwang. The media just labels them meme stocks to deflect from the real story of failed cellar boxing via illegal naked shorting that I explained in earlier posts.

    Ken Griffin, cellar boxing, naked shorts.... I should send every one of the people who believe this stuff a thank you card.

  35. #330
    Quote Originally Posted by Krugminator2 View Post
    Ken Griffin, cellar boxing, naked shorts.... I should send every one of the people who believe this stuff a thank you card.
    I bought back into bbby on the dip but with more conviction. I heard something about some obscure SEC and FINRA regulation created by a guy named Reggie Sho, regarding naked shorts selling shares that don't exist and then failing to deliver actual market shares and being required to buy them in open market by a certain day. Something about a t+13 and September 2nd and 6th. Dunno. Probably just more crazy tinfoil, right? Probably. It's not like the SEC and FINRA actually enforces their own rules or whatever.
    Last edited by devil21; 08-31-2022 at 07:40 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

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