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Feb 18 2021 11:49am
Quote (thesnipa @ Feb 18 2021 10:12am)
lol at the WSB idiots who think holding GME until it bottom out and MAYBE bounces back to an 80$ stock stable if the new regime can deliver an online model are heroes.

these idiots got caught holding the bag and have created a cult around it. posting 10k$+ lossporn for likes to make up for their empty bank account.



That loss porn was too much for me to handle. True degenerates buying $300 gme with entire 401ks

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Feb 18 2021 11:51am
Quote (Bazi @ Feb 18 2021 11:49am)
That loss porn was too much for me to handle. True degenerates buying $300 gme with entire 401ks


and all claim it was about sticking it to the man, when in reality they fomo'd thinking it would hit 1k.
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Feb 18 2021 11:54am
Quote (thesnipa @ Feb 18 2021 11:51am)
and all claim it was about sticking it to the man, when in reality they fomo'd thinking it would hit 1k.


Need to justify to prevent you from reflecting on it and contemplating suicide

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Feb 18 2021 11:58am
Quote (Bazi @ Feb 18 2021 11:54am)
Need to justify to prevent you from reflecting on it and contemplating suicide


i just feel bad for the parents who have to give up their workout room so kiddie can move back in
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Feb 18 2021 12:02pm
Where do you think the stock market is headed in the next 1-2 years?
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Feb 18 2021 12:03pm
Quote (thesnipa @ Feb 18 2021 11:51am)
and all claim it was about sticking it to the man, when in reality they fomo'd thinking it would hit 1k.


If the system wasn't rigged against them they would have lol

Information out about how basically every brokerage that allowed shorting of shares might have just straight up gone out of business if the hedge funds that borrowed were allowed to collapse. Hedge funds go out, then the brokers have to cover, brokers go out, whole system is crashed. Imagine every broker having to cover 10 million shares of GME at the same time, total amounting to twice as many shares existing. Every broker that allowed shorting would have gone out of business as the price climbed past 1k. Then the banks that have loaned out all the money for these brokerages immediately lose all of it because the entire value of the brokerage is going to cover its clients, not loans. Every bank that touched any broker takes billions of dollars in losses in a single day. It would be 2008 all over again, but all the mortgage defaults happen in one day.

Too bad nobody will take anything from this because most people just aren't following it that closely.
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Feb 18 2021 12:05pm
Quote (Thor123422 @ Feb 18 2021 12:03pm)
If the system wasn't rigged against them they would have lol

Information out about how basically every brokerage that allowed shorting of shares might have just straight up gone out of business if the hedge funds that borrowed were allowed to collapse. Hedge funds go out, then the brokers have to cover, brokers go out, whole system is crashed. Imagine every broker having to cover 10 million shares of GME at the same time, total amounting to twice as many shares existing. Every broker that allowed shorting would have gone out of business as the price climbed past 1k. Then the banks that have loaned out all the money for these brokerages immediately lose all of it because the entire value of the brokerage is going to cover its clients, not loans. Every bank that touched any broker takes billions of dollars in losses in a single day. It would be 2008 all over again, but all the mortgage defaults happen in one day.

Too bad nobody will take anything from this because most people just aren't following it that closely.


i dont doubt that without manipulation we'd have seen higher prices, but the point remains that a large number always would have gotten stuck holding the bag. even if it ran to 1k not everyone is gonna get out at a profit. as soon as the holders started to dump we'd have seen a historic crash. like ENRON style crash of 90% value in a day.
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Feb 18 2021 12:11pm
Quote (Bourse @ Feb 18 2021 11:02am)
Where do you think the stock market is headed in the next 1-2 years?


I think this totally depends on the fed and obviously none of us have crystal balls. If the fed maintains low interest rates and continues to pump money, I think the party continues. The second rates go up or theres a shortage of cheap money reality sits in.
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Feb 18 2021 12:20pm
Quote (thesnipa @ Feb 18 2021 12:05pm)
i dont doubt that without manipulation we'd have seen higher prices, but the point remains that a large number always would have gotten stuck holding the bag. even if it ran to 1k not everyone is gonna get out at a profit. as soon as the holders started to dump we'd have seen a historic crash. like ENRON style crash of 90% value in a day.


Except it wouldn't have, because literally everybody could have sold at once and it would only have been enough to fill a fraction of the buy orders that must be filled immediately because the brokers are now on the hook for the shares.
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Feb 18 2021 12:25pm
Quote (Thor123422 @ Feb 18 2021 12:20pm)
Except it wouldn't have, because literally everybody could have sold at once and it would only have been enough to fill a fraction of the buy orders that must be filled immediately because the brokers are now on the hook for the shares.


ahh yes millions could have all coordinated a sale simultaneously.

admittedly im not even entirely confident i understand how cashing in those shares to the hedge funds that shorted them would have worked. but i just dont see it happening in a way where people can sustain a good 1k selloff price for more than literal minutes before it starts to nosedive as panic selling ensues. plus a coordinated effort would have led to lawsuits and/or senate investigations into market manipulation.
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