Board 8 > You guys see what's going on with GameStop's stock?

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Yesmar_
01/26/21 11:23:51 PM
#51:


NFUN posted...
you uh, find the picture. and then put text over it using ms paint

I know, but I want to find one with the subtitles already on, and then just sub in the STOCKS part. Someone has to have memed this scene before, I'm sure.

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NFUN
01/26/21 11:45:41 PM
#52:


Yesmar_ posted...


I know, but I want to find one with the subtitles already on, and then just sub in the STOCKS part. Someone has to have memed this scene before, I'm sure.

have you tried googling "seinfeld spite"?
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Metal_DK
01/27/21 2:36:31 AM
#53:


Gamestop had short interest of like 150% at one point. The people with short positions were doing just as much manipulation of the business as wallstreetbets.

Robinhood + Covid lockdowns really ramped things up to 11 here. The volume the market is seeing in general is pretty crazy, and volume is almost always the best starting point for the stock market

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Tom Bombadil
01/27/21 10:23:12 AM
#54:


I'm hearing that this is getting shut down somehow but I have only a vague idea of how this all works to begin with

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ShatteredElysium
01/27/21 10:45:33 AM
#55:


Watching this happen is fucking hilarious. Fuck hedge funds crying about this when they make all their money off other people's bad fortune.

Hopefully more stuff like this keeps happening in future too
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Fiop
01/27/21 11:01:09 AM
#56:


The lesson I'm getting from all of this is never, ever try to short sell stuff. The theoretically infinite losses incurred are scary.

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Metal_DK
01/27/21 11:04:33 AM
#57:


short selling is way more dangerous for sure. Its also why you need a margin account to do it, and if i recall margin accounts require 25k or 50k in available funds or something?

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Aecioo
01/27/21 11:07:17 AM
#58:


Fiop posted...
The lesson I'm getting from all of this is never, ever try to short sell stuff. The theoretically infinite losses incurred are scary.

Like I said, its the basis of Casino Royale. The villain loses all his money by failing to short a stock and thats why he sets up the poker game.

God I need No Time To Die

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KingButz
01/27/21 11:07:49 AM
#59:


Yeah, your broker won't let you just incur losses forever. If it gets bad enough they will force you to cover.
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charmander6000
01/27/21 11:47:40 AM
#60:


Is there a deadline where you are forced to sell the short stock? Can't they just wait for the inevitable crash?

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red sox 777
01/27/21 11:56:57 AM
#61:


charmander6000 posted...
Is there a deadline where you are forced to sell the short stock? Can't they just wait for the inevitable crash?

They have to pay interest, which is apparently around 50% for GME due to the hardness to borrow of this stock. Also, if it gets to the point where they do not have the assets to cover the position, the position has to be liquidated (otherwise there would be a risk that the person they borrowed shares from won't get them back).

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guffguy89
01/27/21 12:14:56 PM
#62:


I am obsessed with this news story and I dont even have any stocks myself. I seriously considered buying some back when it was at $80/share. Had I bet big on that, I could've already made a $75k profit on that....dang...

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ChaosTonyV4
01/27/21 12:18:18 PM
#63:


When I made this topic it was at $40.

I just posted this based on what I saw on Twitter, if Id actually gone to Wallstreetbets and saw they were planning on HODLing to the moon Id have dumped my entire portfolio on it.

Fuck

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CaptainOfCrush
01/27/21 12:33:15 PM
#64:


I lectured about this to my class on Monday. I can guess what they'll all be talking about in 30 minutes lulz

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tyder21
01/27/21 12:35:24 PM
#65:


I've never felt so dumb for not paying attention to individual stocks before.

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Menji
01/27/21 12:40:42 PM
#66:


Menji posted...
We're all millionaires now

keep it coming

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Bane_Of_Despair
01/27/21 12:43:27 PM
#67:


https://twitter.com/HarrisFoster/status/1354482329167790082?s=20

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ChaosTonyV4
01/27/21 12:44:30 PM
#68:


Menji posted...
keep it coming

Congrats dude, when did you jump in?

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Phantom Dust.
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Menji
01/27/21 2:31:29 PM
#69:


ChaosTonyV4 posted...
Congrats dude, when did you jump in?

$40

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KamikazePotato
01/27/21 2:41:56 PM
#70:


I will never have anything more than a passing idle regret for not getting in on an opportunity like this. It's only obvious after the fact. For every person who makes it big, there's someone who loses everything, and I'm okay with not becoming a cautionary tale.

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Menji
01/27/21 2:45:15 PM
#71:


KamikazePotato posted...
I will never have anything more than a passing idle regret for not getting in on an opportunity like this. It's only obvious after the fact. For every person who makes it big, there's someone who loses everything, and I'm okay with not becoming a cautionary tale.

The nice thing is that the people that are losing are the billionaire hedge funds as they will be forced to buy the stock once it reaches the absurd price.

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PrivateBiscuit1
01/27/21 3:04:30 PM
#72:


Lmao I love this.

https://twitter.com/Kantrowitz/status/1354494321681068033?s=19

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ZeldaTPLink
01/27/21 3:10:37 PM
#73:


banananor posted...
who knew that gamespot was the new bitcoin

Ikr, imagine the contest prizes that are coming next.
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ChaosTonyV4
01/27/21 3:31:46 PM
#74:


PrivateBiscuit1 posted...
Lmao I love this.

https://twitter.com/Kantrowitz/status/1354494321681068033?s=19

Heres the full thing:

https://www.youtube.com/watch?v=RUplWbW_X_A

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Phantom Dust.
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PrivateBiscuit1
01/27/21 3:45:42 PM
#75:




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FFDragon
01/27/21 3:49:05 PM
#76:


PrivateBiscuit1 posted...
Lmao I love this.

https://twitter.com/Kantrowitz/status/1354494321681068033?s=19

Inject this directly into my veins.

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greengravy294
01/27/21 4:41:27 PM
#77:


The new play is NKED ya nerds

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ChaosTonyV4
01/27/21 4:45:58 PM
#78:


Wtf is Naked and how was it at $23,000 7 years ago and 10 cents 4 months ago??

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Phantom Dust.
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Lopen
01/27/21 4:48:03 PM
#79:


NKED had a 100 to 1 reverse split in 2019 so 7 years ago it was really $230, then it fell so much it needed to do a reverse split to remain listed due to the minimum share price of $1 requirement

Still quite a fall from grace but you know

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greengravy294
01/27/21 4:49:17 PM
#80:


I like the ticker name and that to me is exactly the catalyst

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PrivateBiscuit1
01/27/21 4:51:01 PM
#81:


Isn't Naked the organic drink company? lol

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greengravy294
01/27/21 4:53:44 PM
#82:


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LordoftheMorons
01/27/21 4:54:04 PM
#83:


Menji posted...
The nice thing is that the people that are losing are the billionaire hedge funds as they will be forced to buy the stock once it reaches the absurd price.
Gonna be a lot less funny when a lot of people who got in on it late also lose the vast majority of their investment

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Nanis23
01/27/21 4:54:21 PM
#84:


Lopen posted...
NKED had a 100 to 1 reverse split in 2019 so 7 years ago it was really $230, then it fell so much it needed to do a reverse split to remain listed due to the minimum share price of $1 requirement

Still quite a fall from grace but you know
Hmm I always thought those things happen when a company is making a lot of stock offernings
Is this different? isn't the graph similar?

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Lopen
01/27/21 5:06:43 PM
#85:


Stock offerings don't actually move the stock price nearly as significantly as a split.

Like if you issue 10 million new shares with price $2.50 into a pool of 100 million shares with price of $3 the overall price doesn't move all that much. And offerings are generally close to stock value (and the market tends to course correct to the offering price at that)

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BlAcK TuRtLe
01/27/21 5:08:24 PM
#86:


1 of 2 things will happen here, but either way, the people that buy into GME late are going to lose their shirts by the end of it. Assuming they manage to convince every to hold until the shorts expire, the hedge fund managers will lose a few million, which would be a drop in the bucket for them, and then the people that bought in early enough will immediately cash out and make absolute bank.

Or the people who got in early will sell before that, causing the stock to freefall, all the people that bought in in the last 2 weeks lose their shirts and the hedge funds make bank on their shorts.

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bassistsjk
01/27/21 5:33:13 PM
#87:


What is up with Naked? Never seen it move so much after hours
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Dr_Football
01/27/21 5:36:27 PM
#88:


Lol I bought late on Naked and it has still doubled since then

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bassistsjk
01/27/21 5:39:11 PM
#89:


Dr_Football posted...
Lol I bought late on Naked and it has still doubled since then
Same, I bought in after greengravy posted about it XD I missed the gme boat (to be fair, most my attention goes to medical marijuana companies) , definitely gonna pay closer attention going forward.
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greengravy294
01/27/21 5:46:14 PM
#90:


I was considering buying NAKED at market close but instead I didnt

:(

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bassistsjk
01/27/21 5:47:53 PM
#91:


greengravy294 posted...
I was considering buying NAKED at market close but instead I didnt

:(
Why, stock god?
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greengravy294
01/27/21 5:48:23 PM
#92:


bassistsjk posted...
Why, stock god?
because im dumb and also driving home from work

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neonreaper
01/27/21 5:53:54 PM
#93:


you got wrecked by the new exit numbers and got lost

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PrivateBiscuit1
01/27/21 6:00:33 PM
#94:


https://twitter.com/ColumbiaBugle/status/1354530757520179200?s=20

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greengravy294
01/27/21 6:02:37 PM
#95:


neonreaper posted...
you got wrecked by the new exit numbers and got lost
drove the back roads b***h

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Emeraldegg
01/27/21 6:29:25 PM
#96:


So can someone explain to me how after hours stuff works? Can you still buy/sell during that time? What's the point of it then if you can?
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#97
Post #97 was unavailable or deleted.
LordoftheMorons
01/27/21 7:29:53 PM
#98:


https://twitter.com/jbarro/status/1354575381802708993

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PerfectChaosZ
01/27/21 7:32:24 PM
#99:


So i'm guessing if I'm hearing about it here it's way too late to profit off this
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bassistsjk
01/27/21 7:39:06 PM
#100:


PerfectChaosZ posted...
So i'm guessing if I'm hearing about it here it's way too late to profit off this
You can still get into Naked! Some wild after hours activity.
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