Wall St vs Main St: Wallstreetbets’ battle against scummy hedge funds
#281
Sanest Florida Man
#282
Team Owner
It's amazing how he looks so much like u/dfv
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Mizouse (02-05-2021)
#283
Suzuka Master
All restrictions removed from Robinthieves
#284
Turd Polisher
iTrader: (1)
This AM, WeBull blocked trading for around 5 minutes as GME rose almost 30%.
Seems like more market manipulation to me
Seems like more market manipulation to me
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The GameStonk Wars ....
#286
Sanest Florida Man
DFV's written statement closes with "In short, I like the stock"
#287
Sanest Florida Man
🚀🚀🚀🚀🚀🚀🚀🚀🚀
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Mizouse (02-18-2021)
#288
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GME
91.70 USD+46.73 (103.91%)
🚀🚀🚀🚀🚀🚀🚀
#289
Suzuka Master
Up another 100% in after hours as of 4:52
$184.XX
$184.XX
#290
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#291
Team Owner
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#293
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Costco (02-25-2021)
#294
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#295
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Someone should try to get Faux News to bite on this, then all the boomers would buy GME. To bad Lou Dobbs isn't around to help.
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GameStop Corp.
203.43 USD+66.38 (48.43%)
AMC Entertainment Holdings Inc
9.20 USD+1.16 (14.43%)
#298
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Regret.
GameStop Corp.
NYSE: GME
232.14 USD+39.14 (20.28%)
AMC Entertainment Holdings Inc
NYSE: AMC
10.17 USD+0.88 (9.41%)
GameStop Corp.
NYSE: GME
232.14 USD+39.14 (20.28%)
AMC Entertainment Holdings Inc
NYSE: AMC
10.17 USD+0.88 (9.41%)
#300
Senior Moderator
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Mizouse (03-09-2021)
#301
So wait, did the hedgefund managers get their bailout from this or didn't they?
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🚀🚀🚀🌝
GameStop Corp.
331.00 USD+84.10 (34.06%)
AMC Entertainment Holdings Inc
11.90 USD+1.37 (13.01%)
GameStop Corp.
331.00 USD+84.10 (34.06%)
AMC Entertainment Holdings Inc
11.90 USD+1.37 (13.01%)
Last edited by Mizouse; 03-10-2021 at 10:58 AM.
#303
Suzuka Master
To the moon! 🚀🚀🚀
#304
Go Giants
I just lost $1000 in 5 minutes
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Mizouse (03-10-2021)
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trading was halted.
GameStop Corp.
198.00 USD−48.90 (19.81%)
#306
Team Owner
Roblox is the Gamestop now.
#307
Go Giants
Its starting to climb back up.
#308
Suzuka Master
Its just only paper. Stocks only go up
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Mizouse (03-10-2021)
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Joneill44 (03-10-2021)
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AMC Entertainment Holdings Inc
14.14 USD+3.00 (26.93%)
GameStop Corp.
242.01 USD−22.55 (8.52%)
#313
Team Owner
But it's the apes on WSB that are the problem.
https://www.cnn.com/2021/03/29/inves...gos/index.html
Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.
Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.
Goldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.
Credit Suisse said that the default by a "significant US-based hedge fund" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.
Nomura said its losses could be as much as $2 billion from "transactions with a US client."
https://www.cnn.com/2021/03/29/inves...gos/index.html
A little-known hedge fund caused widespread chaos on Wall Street
Archegos Capital was using borrowed money — apparently a ton of it — to make outsized bets that propped up media stocks. This type excessive leverage is made possible by extremely low interest rates from the Federal Reserve.
The full scale of these bets wasn't clear until now.
The full scale of these bets wasn't clear until now.
Seeking to capitalize on its skyrocketing stock price, ViacomCBS announced plans for a $3 billion share sale. Up until that point, ViacomCBS shares had nearly tripled on the year. But the share sale appeared to be too much for the market to handle and the media boom morphed into a rout.
Archegos faced margin calls from its Wall Street lenders. A margin call by a broker requires a client to add funds to its account if the value of an asset drops below a specified level. If the client can't pay up — and in this case Archegos apparently couldn't — the broker can step in and dump the shares on the client's behalf.
Goldman Sachs, one of Archegos' lenders, seized collateral and sold shares on Friday, a person familiar with the matter told CNN Business. This so-called forced liquidation set off a bloodbath Friday that drove down shares of ViacomCBS and Discovery more than 25% apiece.
Credit Suisse said that the default by a "significant US-based hedge fund" would cause a major hit to its earnings. A person familiar with the matter told CNN Business that Archegos was the firm causing the losses for Credit Suisse.
Nomura said its losses could be as much as $2 billion from "transactions with a US client."
Last edited by doopstr; 03-30-2021 at 10:08 PM.
#314
Suzuka Master
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Gamestonk
168.93 USD+17.48 (11.54%)
Closed: Apr 26, 5:09 PM EDT
After hours 186.06 +17.13 (10.14%)
Last edited by Mizouse; 04-26-2021 at 04:14 PM.
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Jim Cramer being a whiney, lying little bitch.
Jim Cramer: I'll Admit It, Reddit Makes Some Vicious Moves
'Wall Street Bets' can move stocks left and right. But you've got to focus like a 'laser' on what you're getting into to avoid getting zapped.
By JIM CRAMER Apr 27, 2021 | 01:17 PM EDTStocks quotes in this article: GME, AMC, MVIS, TSLA, FWe have to face facts. Whether we like them or not, the gang at Reddit's "Wall Street Bets" is moving stocks left and right.
They can take a small-capitalization stock and make it a big-cap stock. They can select a household name that's failing and make it succeed. And they can create a retail colossus out of nowhere and maybe even nothing.
Normally, I wouldn't address this obscure group of people who participate in this site. They are too scatological and so many of them attack me in Twitter in such vile fashion that it's hard to read my mentions column. They dominate it, causing me to either ignore it or block so many people that it isn't worth my time anymore.
But I can't ignore them, because I care about what moves stocks, always have. And this gang, allegedly 10 million "degenerates" strong -- their characterization, not mine -- is exceptional at moving stocks. In fact, they are the best and most powerful mob I have ever seen. They are the ones that took the stock of GameStop (GME) from the teens to $400. They are the ones that have boosted AMC Entertainment (AMC) from the low single-digits to the low double digits.
And, now they are operating on the stock of Microvision (MVIS) , a once very small-cap company, $90 million in market cap, two years ago, and they have turned it into a $3.5 billion behemoth.
Why Microvision, a money-losing laser company that specializes in LIDAR? Why did they push this one up? Simple, because it has what (AMC) and (GME) had: The possibility of greatness coupled with a gigantic short position.
Now, I don't mind that they went after Microvision. I like the possibilities of what can happen here. Last night on "Mad Money," I got a call on the company and I know that, from Tesla (TSLA) and Ford (F) that if you can come up with a breakthrough LIDAR product, you can solve the problem of self-driving cars, you can create genuine collision avoidance. That's why I want them on the show. I want all of the LIDAR companies on the show, because, as Elon Musk said on Tesla's conference call last night, perfect LIDAR is the key to true collision avoidance.
Now, Microvision, you could argue, is a little nothing company out of Seattle that's never made any money and has had severe financial problems. But if you have a possible game-changing LIDAR system, as Microvision very much might have, you can attract plenty of adherents both, long and short, and, if you gang up on the shorts and get the rabble ruled up, you can take a company from $90 million to a $3.5 billion company lickety-split, especially because the company said on March 11 that it is remaining, and I quote, "committed to exploring strategic alternatives, including potential sale of the company in part or whole."
Now here' s where it gets interesting. By targeting the stock of Microvision, what the Wall Street Bets group is really doing is going after the short-sellers, who currently represent 20% of the float. I think the main reason this stock has gotten to where it is, from $5 to $21, although it traded as high as $26 today before collapsing, is the attempt by the Reddit crowd to break the short-sellers, who want Microvision lower.
So far, despite the decline of five points today on more than 100 million shares-there are only 150 million available to trade-the WSB crowd is winning.
Now Microvision reports on Thursday, and the hope for many of the longs is that they will announce the sale of the company in whole or in part. The shorts? They think it is all hokum.
But one thing is certain, because of the stock's inflation the company is able, in an at-the-money-stock sale, to stay alive and possibly even thrive on the back of any positive announcement.
Now, do I know if Microvision has something special? The longs better hope they do. Maybe, though, like GameStop, which managed to sell $500 million worth of stock, because the WSB crowd has moved the stock to the high $100s, and like AMC, which was able to sell enough stock to live through the pandemic, Microvison can use the elevation to sell enough stock that it can produce the dream LIDAR system.
And here's the crux of the situation. The stock market exists to raise capital. By elevating stocks like that of Microvision on the backs of the shorts, they are creating a self-fulfilling situation. They keep it alive until something good does happen.
Do I like this method of investing? If it is done legally, yes. It is amazingly successful. It has kept AMC alive and allowed Gamestop the capital to reinvent itself. It can make Microvision a profitable company all by itself.
But I don't like the vicious way they attack people, including me. They don't like this process pointed out. I don't care. I just want you to know what you might be buying, which is often a lot more than what they know.
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GameStop Corp.
244.64 USD+35.32 (16.87%)
May 26, 11:59 AM EDT
AMC Entertainment Holdings Inc
19.33 USD+2.86 (17.36%)
May 26, 11:58 AM EDT
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#319
Suzuka Master
When I bought amc at the beginning of this, I thought of it as gambling money not a real investment obviously. And because I have diamond hands I never sold, but now might be the time to cash out before it tanks again
AMC Entertainment Holdings Inc
23.13 USD+3.55 (18.30%)
May 27, 11:12 AM EDT
AMC Entertainment Holdings Inc
23.13 USD+3.55 (18.30%)
May 27, 11:12 AM EDT
#320
Race Director
I had 4000 shares of AMC at 2.56
I just dumped it at just under 30
I was kicking myself when it did the bump in january and I didn't sell
It looks like i made another 40 grand holding onto it
I just dumped it at just under 30
I was kicking myself when it did the bump in january and I didn't sell
It looks like i made another 40 grand holding onto it
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