Lurker > WingsOfGood

"Here is me and my instructor skydiving!!"

@Sackgurl posted...

melvin capital closed its short position on tuesday

its total managed assets are worth 12b which is more than GME's market cap was on tuesday, so maybe don't get ahead of yourself

any of the firms who are relying on selling calls are definitely screwed, but anyone who sells calls and isn't hardwired to the NYSE (and i mean that literally) deserves to get screwed

the people pushing this have no concept of how leveraged the average equity is.

And how exactly did it do that hmmm?

Fyi, the news reports that a Melvin spokesperson SAYS they closed it out.

And they have soooo much incentive to lie.

They trying to make Trump supporters look good?

Cause the redditors look smarter than the wall street people.

g980 posted...

well there were a lot of comments talking about forcing a short squeeze so we know what a lot of randos on reddit are thinking

Comments =/= thoughts

Tc, what do you make of them lying about leaving their position and it being parroted on the news?

Also, some guy in the hedge was gonna livestream about why people should believe them about the value of the stock.

Wrong.

Crowd sourced is not a cohesive group.

You have no idea what some rando on reddit is actually thinking or planning.

The institutional actually writes up legal agreements.

g980 posted...

what's going to happen is some bozos are going to not understand what is going on and throw all their money into GME right before the floor falls out from under them

Well the hedge fund already did that

Thanks Obiden.

Probably Christian Bale gonna play some loaded billionaire at the hedge fund.

Then we get like Mark Wahlberg to play some random 18 year old hick who wants to meme.

Who gonna play the gamestop employees?

Balrog0 posted...

We have bailed out hedge funds though. Under Clinton lol

SInce you are into politics like as your actual job, do you think Biden might do it as well?

Damyrwom

Dark Mysterious Woman

Elon should arrange for exclusive Gamestop dlc too.

monkmith posted...

i dont think i'd date a murderer...

Yuno Gasai is pretty cute though

the hedge fund people who lose all their money maybe

Will they claim it was about to break the economy?

WSB claimed some bank had to buy stocks if this lasted till Friday.
Maybe they say that bank cannot be allowed to fail?

she made us millionaires

Cowthief posted...

they're going to treat the WSB perps worse than the Capitol terrorists, aren't they?

who is they?

no

vigorm0rtis posted...

Maybe. If they survive that long.

It's also possible that, as with many other things, covid will have permanently changed the paradigm.

I was on the verge of buying a comic/gaming store about this time last year. Glad I didn't.

If the store had a good online presence, it actually might have been a profitable buy depending on what their assets were.

https://www.reddit.com/r/FABTCG/comments/jp3kwp/mtg_players_that_have_played_fab_how_would_you/

Also, I remember now.

Fab boxes shot up when Channelfireball decided to start partnering with them and then tcgplayer picked up the game too.

TomNook20 posted...

Private company, can do whatever it wants, build your own everything, etc.

Lmao

vigorm0rtis posted...

I wouldn't be surprised to see MTG players dipping out. They're trying to change the business model and it's fucking with local gaming hubs-- WotC seems to forget that people don't just enjoy buying their shit, they like playing with other people.

Exactly.
Flesh and Blood hit the jackpot in the time to put their game out with WOTC doing things making mtg players really mad.

In addition, collectibles are being bought by bored people in the pandemic who didn't lose their job.
This is another thing that was unpredictable and Fab hit the jackpot coming out right before pandemic which is quite ironic since you think people going to stores would be more important.

When people can go out again, Fab gonna explode.

CARRRNE_ASADA posted...

FAB is a silly bubble. First of all theres gotta be nostalgia for a game in order for people to pay thousands for a box of cards like there is for magic and Pokemon. How many ppl are playing FAB? During the pandemic? Its all ppl buying into Rudy's hype.

He is a smart person and he's aware of the power he has in this TCG collectible world. I did buy boxes of Battlebond at 100 and sold them/traded them for value of 160.

Except the unlimited boxes getting all gobbled up negates this.
There is nothing collectible about them.

And those boxes didn't go to thousands because of Rudy.
Refresh me on the timeline.

How long were they still msrp before the jump? How long since his kits did that happen?
His patreon is like only 4000 people anyways.

What made fab jump was growing interest in the game and a super low print run of thr alpha products.

AND mad mtg players because of secret lair, collector boxes and stupid reprints.

Anteaterking posted...

Like whom?

https://www.reddit.com/r/FABTCG/

Search mtg

Some people even try to trade like revised duals for staple fab cards and stuff

So now the billionaires gonna try to cancel them for using the R word eh

RebelElite791 posted...

[doubt]

Go to the fabtcg subreddit and find out.

Unlimited is basically out of stock because people buying it up despite it not being an investible product as they are making a ton more.
Like, these boxes are not out of print, there is no date set for printing to stop and stores can't keep the stock once they get it.

Ruvan22 posted...

Is Flesh and Blood a new Magic expansion?

It is a new game giving wizards a run for their money.
Lots of mtg players try it and jumping ship, but it is still in the early alpha stages.

In Nov it went worldwide but now they are growing the size of their print runs.

Tencent shut them down?

Btw, I bought flesh and blood cru boxes at like $80 and they are worth like $500 now.
Flesh and blood bros, check that new tcg out.

https://youtu.be/Jb8NvymDUic

David1988 posted...

If there were billions of dollars in leveraged bets on the short side, yea then it could

Why not just people bandwagon buying?

This whole thing would probably make its own stock go crazy.

Seeing how the news can claim the shorters are out (a lie) kinda shows how in the past years they likely manipulated these things.

But it isn't working now. Why? Because WSB reddit is so powerful? No.

I think it is because we are in a current state where many people don't trust the news as much as a guy on reddit/youtube.

GoriIIa posted...

Should we actually be worried about the SEC/NASDAQ President/etc. "monitoring" message boards? How about "Melvin Capital" being closed out of GME?

From my understanding, the hedges are still stuck in the squeeze and haven't bought out on their shares.

https://finviz.com/quote.ashx?t=GME

According to this site the short float is still at 140%?

All that is market manipulation aka actual fake news not to be confused with he who shall not be named.