Current Events > Was the GME pump and dump really a protest?

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lzual 02/05/21 9:33:26 AM #1:	Reddit (to use the colloquial term) likes to see itself as a scrappy band of outlaws, one man against the machine. The fact is, when tens of millions of people collect themselves anywhere, people with money will absolutely notice and take steps to control that platform for their own personal gain. Reddit is just as compromised as any other place in this regard. WSB isnt and never has been run by a bunch of meming idiots with 50 bucks each in the market. Its a market/psychology experiment designed to do exactly what it did with GME: get thousands of people to float a pump so the big players could dump and leave the rest holding the bag with their Diamond hands. What you think? --- https://gamefaqs1.cbsistatic.com/user_image/3/6/6/AAJHVqAAA0Ve.jpg <cite>lzual posted [p:950304410] in Was the GM... [t:79278951]...</cite> <quote>Reddit (to use the colloquial term) likes to see itself as a scrappy band of outlaws, one man against the machine. The fact is, when tens of millions of people collect themselves anywhere, people with money will absolutely notice and take steps to control that platform for their own personal gain. Reddit is just as compromised as any other place in this regard. WSB isnt and never has been run by a bunch of meming idiots with 50 bucks each in the market. Its a market/psychology experiment designed to do exactly what it did with GME: get thousands of people to float a pump so the big players could dump and leave the rest holding the bag with their Diamond hands. What you think? </quote> ... Copied to Clipboard!
lilORANG 02/05/21 9:34:30 AM #2:	No lol. The guy heading the charge works for a financial institution and knows how this shit works. --- #FeelTheBern https://imgur.com/q5z4CUu https://imgur.com/6B9oFXh https://imgur.com/sy42Dlf <cite>lilORANG posted [p:950304438] in Was the GM... [t:79278951]...</cite> <quote>No lol. The guy heading the charge works for a financial institution and knows how this shit works.</quote> ... Copied to Clipboard!
s0nicfan 02/05/21 9:34:38 AM #3:	I think if you expect everything to be a conspiracy, you'll find a conspiracy in everything. --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:950304441] in Was the GM... [t:79278951]...</cite> <quote>I think if you expect everything to be a conspiracy, you'll find a conspiracy in everything. </quote> ... Copied to Clipboard!
lzual 02/05/21 9:36:57 AM #4:	s0nicfan posted... I think if you expect everything to be a conspiracy, you'll find a conspiracy in everything. Thanks for not answering the question lilORANG posted... No lol. The guy heading the charge works for a financial institution and knows how this shit works. O Rly? I didn't know this. --- https://gamefaqs1.cbsistatic.com/user_image/3/6/6/AAJHVqAAA0Ve.jpg <cite>lzual posted [p:950304489] in Was the GM... [t:79278951]...</cite> <quote>s0nicfan posted... </cite> <quote>I think if you expect everything to be a conspiracy, you'll find a conspiracy in everything.</quote> Thanks for not answering the question lilORANG posted... </cite> <quote>No lol. The guy heading the charge works for a financial institution and knows how this shit works.</quote> O Rly? I didn't know this. </quote> ... Copied to Clipboard!
Squall28 02/05/21 9:38:51 AM #5:	lilORANG posted... No lol. The guy heading the charge works for a financial institution and knows how this shit works. Heard he's buying a 44 mil mansion with his gains. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:950304533] in Was the GM... [t:79278951]...</cite> <quote>lilORANG posted... </cite> <quote>No lol. The guy heading the charge works for a financial institution and knows how this shit works.</quote> Heard he's buying a 44 mil mansion with his gains. </quote> ... Copied to Clipboard!
VipaGTS 02/05/21 9:39:08 AM #6:	Could have been. But of course the institutions sold out for the rich guys and fucked over the regular guys. --- "I devour urine just like my Portland Trailblazers, with piss poor defense." <cite>VipaGTS posted [p:950304541] in Was the GM... [t:79278951]...</cite> <quote>Could have been. But of course the institutions sold out for the rich guys and fucked over the regular guys. </quote> ... Copied to Clipboard!
darkphoenix181 02/05/21 9:39:16 AM #7:	If it was not, then why did the intended effect actually happen? Certain hedges lost billions and several billionaires went on the news literally crying tears. The news also spread misinformation like that Wall Street Bets was buying silver when there was no posts about silver in the sub. <cite>darkphoenix181 posted [p:950304545] in Was the GM... [t:79278951]...</cite> <quote>If it was not, then why did the intended effect actually happen? Certain hedges lost billions and several billionaires went on the news literally crying tears. The news also spread misinformation like that Wall Street Bets was buying silver when there was no posts about silver in the sub. </quote> ... Copied to Clipboard!
Squall28 02/05/21 9:40:42 AM #8:	darkphoenix181 posted... If it was not, then why did the intended effect actually happen? Certain hedges lost billions and several billionaires went on the news literally crying tears. The news also spread misinformation like that Wall Street Bets was buying silver when there was no posts about silver in the sub. Did it happen? Black rock and other firms made billions holding GME. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:950304578] in Was the GM... [t:79278951]...</cite> <quote>darkphoenix181 posted... </cite> <quote>If it was not, then why did the intended effect actually happen? Certain hedges lost billions and several billionaires went on the news literally crying tears. The news also spread misinformation like that Wall Street Bets was buying silver when there was no posts about silver in the sub.</quote> Did it happen? Black rock and other firms made billions holding GME. </quote> ... Copied to Clipboard!
darkphoenix181 02/05/21 9:41:10 AM #9:	lilORANG posted... No lol. The guy heading the charge works for a financial institution and knows how this shit works. Who are you referring to? DFV? <cite>darkphoenix181 posted [p:950304590] in Was the GM... [t:79278951]...</cite> <quote>lilORANG posted... </cite> <quote>No lol. The guy heading the charge works for a financial institution and knows how this shit works.</quote> Who are you referring to? DFV? </quote> ... Copied to Clipboard!
lzual 02/05/21 9:41:36 AM #10:	darkphoenix181 posted... If it was not, then why did the intended effect actually happen? I think my post answers that. Did you read it? --- https://gamefaqs1.cbsistatic.com/user_image/3/6/6/AAJHVqAAA0Ve.jpg <cite>lzual posted [p:950304603] in Was the GM... [t:79278951]...</cite> <quote>darkphoenix181 posted... </cite> <quote>If it was not, then why did the intended effect actually happen?</quote> I think my post answers that. Did you read it? </quote> ... Copied to Clipboard!
darkphoenix181 02/05/21 9:42:15 AM #11:	Squall28 posted... Did it happen? Black rock and other firms made billions holding GME. Yes it literally happened. Did you not watch the news last week? One guy said it wasn't fair that people got stimulus checks to buy stocks with. <cite>darkphoenix181 posted [p:950304623] in Was the GM... [t:79278951]...</cite> <quote>Squall28 posted... </cite> <quote>Did it happen? Black rock and other firms made billions holding GME.</quote> Yes it literally happened. Did you not watch the news last week? One guy said it wasn't fair that people got stimulus checks to buy stocks with. </quote> ... Copied to Clipboard!
SK8T3R215 02/05/21 9:49:15 AM #12:	They protested against a small subsection of hedge funds who heavily short firms to allow other hedge funds to profit off of GME while they were bagholders waiting for a short squeeze that was never going to happen. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:950304773] in Was the GM... [t:79278951]...</cite> <quote>They protested against a small subsection of hedge funds who heavily short firms to allow other hedge funds to profit off of GME while they were bagholders waiting for a short squeeze that was never going to happen. </quote> ... Copied to Clipboard!
WrkHrdPlayHrdr 02/05/21 9:51:09 AM #13:	darkphoenix181 posted... Who are you referring to? DFV? He wasn't' so much heading it as a mascot. He did the research and found the info and the idiots ran crazy with it. --- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od <cite>WrkHrdPlayHrdr posted [p:950304816] in Was the GM... [t:79278951]...</cite> <quote>darkphoenix181 posted... </cite> <quote>Who are you referring to? DFV?</quote> He wasn't' so much heading it as a mascot. He did the research and found the info and the idiots ran crazy with it. </quote> ... Copied to Clipboard!
E32005 02/05/21 9:51:44 AM #14:	i think a bunch of randos got together on a board and group think started, like it always does. --- https://imgur.com/LAvnefi <cite>E32005 posted [p:950304831] in Was the GM... [t:79278951]...</cite> <quote>i think a bunch of randos got together on a board and group think started, like it always does. </quote> ... Copied to Clipboard!
WrkHrdPlayHrdr 02/05/21 9:52:51 AM #15:	Semi-related: I found a subreddit "GME Meltdowns" which has people making fun of the bag holders. Occasionally one of them will wander in and say "Was this all a scam?" and people are like nah, you're just dumb. Like it's part memes, part support group for people who bought in to this. --- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od <cite>WrkHrdPlayHrdr posted [p:950304850] in Was the GM... [t:79278951]...</cite> <quote>Semi-related: I found a subreddit "GME Meltdowns" which has people making fun of the bag holders. Occasionally one of them will wander in and say "Was this all a scam?" and people are like nah, you're just dumb. Like it's part memes, part support group for people who bought in to this. </quote> ... Copied to Clipboard!
darkphoenix181 02/05/21 9:52:54 AM #16:	WrkHrdPlayHrdr posted... He wasn't' so much heading it as a mascot. He did the research and found the info and the idiots ran crazy with it. Yea, people claiming he was a ringleader are looking for a scapegoat. Pretty sure as of Tuesday he didn't even cash out and the stock was already dropping. If he had engineered a pump and dump as they claim, he would have got out around $300. <cite>darkphoenix181 posted [p:950304855] in Was the GM... [t:79278951]...</cite> <quote>WrkHrdPlayHrdr posted... </cite> <quote>He wasn't' so much heading it as a mascot. He did the research and found the info and the idiots ran crazy with it.</quote> Yea, people claiming he was a ringleader are looking for a scapegoat. Pretty sure as of Tuesday he didn't even cash out and the stock was already dropping. If he had engineered a pump and dump as they claim, he would have got out around $300. </quote> ... Copied to Clipboard!
LastTomorrow 02/05/21 9:53:46 AM #17:	It seems GME stock is rising --- Waffle, waffle, waffle <cite>LastTomorrow posted [p:950304881] in Was the GM... [t:79278951]...</cite> <quote>It seems GME stock is rising </quote> ... Copied to Clipboard!
WingsOfGood 02/05/21 9:54:21 AM #18:	LastTomorrow posted... It seems GME stock is rising Of course. <cite>WingsOfGood posted [p:950304898] in Was the GM... [t:79278951]...</cite> <quote>LastTomorrow posted... </cite> <quote>It seems GME stock is rising</quote> Of course. </quote> ... Copied to Clipboard!
kingdrake2 02/05/21 10:04:03 AM #19:	LastTomorrow posted... It seems GME stock is rising if several users still have GME stock and see they're about to break even. just jump the ship :(. --- Explorers In The Further Regions Of Experience, demons to some, Angels To Others: Pinhead <cite>kingdrake2 posted [p:950305129] in Was the GM... [t:79278951]...</cite> <quote>LastTomorrow posted...</cite> <quote>It seems GME stock is rising </quote> if several users still have GME stock and see they're about to break even. just jump the ship :(.</quote> ... Copied to Clipboard!
RedJackson 02/05/21 10:05:16 AM #20:	Why would you ever believe something like that? Lol And why would anyone care about sticking it to the man when youre talking a money game? >_> The only way to stick it to the man with money is by not using it - all those people have smartphones <_____________< --- https://imgur.com/e6aBSof - Pus_N_Pecans original! https://imgur.com/bve6U7T - Error1335 original! <cite>RedJackson posted [p:950305163] in Was the GM... [t:79278951]...</cite> <quote>Why would you ever believe something like that? Lol And why would anyone care about sticking it to the man when youre talking a money game? >_> The only way to stick it to the man with money is by not using it - all those people have smartphones <_____________< </quote> ... Copied to Clipboard!
ScazarMeltex 02/05/21 10:05:16 AM #21:	VipaGTS posted... Could have been. But of course the institutions sold out for the rich guys and fucked over the regular guys. This, they were doomed the instant the apps started limiting the buying power of individual investors. --- "If you wish to converse with me define your terms" Voltaire <cite>ScazarMeltex posted [p:950305164] in Was the GM... [t:79278951]...</cite> <quote>VipaGTS posted... </cite> <quote>Could have been. But of course the institutions sold out for the rich guys and fucked over the regular guys.</quote>This, they were doomed the instant the apps started limiting the buying power of individual investors. </quote> ... Copied to Clipboard!
Frolex 02/05/21 10:07:27 AM #22:	darkphoenix181 posted... Yes it literally happened. Did you not watch the news last week? One guy said it wasn't fair that people got stimulus checks to buy stocks with. https://twitter.com/CopingMAGA/status/1355347691765686279 He might have been watching the news, just not the fake news you were --- https://imgur.com/HOLHd4k https://imgur.com/six2WTN <cite>Frolex posted [p:950305220] in Was the GM... [t:79278951]...</cite> <quote>darkphoenix181 posted... </cite> <quote>Yes it literally happened. Did you not watch the news last week? One guy said it wasn't fair that people got stimulus checks to buy stocks with.</quote> https://twitter.com/CopingMAGA/status/1355347691765686279 He might have been watching the news, just not the fake news you were </quote> ... Copied to Clipboard!
Squall28 02/05/21 10:18:14 AM #23:	darkphoenix181 posted... Yea, people claiming he was a ringleader are looking for a scapegoat. Pretty sure as of Tuesday he didn't even cash out and the stock was already dropping. If he had engineered a pump and dump as they claim, he would have got out around $300. He did cash out. He made tens of millions already. The money he has left in is just for fun. --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:950305476] in Was the GM... [t:79278951]...</cite> <quote>darkphoenix181 posted... </cite> <quote>Yea, people claiming he was a ringleader are looking for a scapegoat. Pretty sure as of Tuesday he didn't even cash out and the stock was already dropping. If he had engineered a pump and dump as they claim, he would have got out around $300.</quote> He did cash out. He made tens of millions already. The money he has left in is just for fun. </quote> ... Copied to Clipboard!
WingsOfGood 02/05/21 11:09:55 AM #24:	Squall28 posted... He did cash out. He made tens of millions already. The money he has left in is just for fun. If he designed this as a pump and dump, why would he leave any money in let alone 50 million worth of money? Basically, he did not design it as a pump and dump and did not dump. Like cmon dude. <cite>WingsOfGood posted [p:950307067] in Was the GM... [t:79278951]...</cite> <quote>Squall28 posted... </cite> <quote>He did cash out. He made tens of millions already. The money he has left in is just for fun.</quote> If he designed this as a pump and dump, why would he leave any money in let alone 50 million worth of money? Basically, he did not design it as a pump and dump and did not dump. Like cmon dude. </quote> ... Copied to Clipboard!
ShyOx 02/05/21 11:14:57 AM #25:	Ffs it WASNT A PUMP AND DUMP The stock was shorted at 140%. This was an insanely odd and supposedly impossible situation. How do you short more stock than even exists? --- http://img836.imageshack.us/img836/6938/vyqp.jpg DIPLOMACY <cite>ShyOx posted [p:950307197] in Was the GM... [t:79278951]...</cite> <quote>Ffs it WASNT A PUMP AND DUMP The stock was shorted at 140%. This was an insanely odd and supposedly impossible situation. How do you short more stock than even exists? </quote> ... Copied to Clipboard!
Tyranthraxus 02/05/21 11:15:34 AM #26:	ShyOx posted... Ffs it WASNT A PUMP AND DUMP The stock was shorted at 140%. This was an insanely odd and supposedly impossible situation. How do you short more stock than even exists? By borrowing from the person who bought it after you shorted it to them. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:950307211] in Was the GM... [t:79278951]...</cite> <quote>ShyOx posted... </cite> <quote>Ffs it WASNT A PUMP AND DUMP The stock was shorted at 140%. This was an insanely odd and supposedly impossible situation. How do you short more stock than even exists?</quote> By borrowing from the person who bought it after you shorted it to them. </quote> ... Copied to Clipboard!
Jabodie 02/05/21 11:17:19 AM #27:	For the guys on the ground floor, this was a protest of a specific wall street practice, not institutional investors or the rich at large. And they did so knowing full well the dump was coming; the point was to hold the pump long enough to do damage. I do think a lot of people that came in after to make quick money and encouraged others to be greater fools so they could sell at higher prices, though. --- <insert sig here> <cite>Jabodie posted [p:950307267] in Was the GM... [t:79278951]...</cite> <quote>For the guys on the ground floor, this was a protest of a specific wall street practice, not institutional investors or the rich at large. And they did so knowing full well the dump was coming; the point was to hold the pump long enough to do damage. I do think a lot of people that came in after to make quick money and encouraged others to be greater fools so they could sell at higher prices, though. </quote> ... Copied to Clipboard!
ShyOx 02/05/21 11:19:35 AM #28:	Tyranthraxus posted... By borrowing from the person who bought it after you shorted it to them. Yeah I understand that bud but Im saying the situation was madness and not normal lol. --- http://img836.imageshack.us/img836/6938/vyqp.jpg DIPLOMACY <cite>ShyOx posted [p:950307340] in Was the GM... [t:79278951]...</cite> <quote>Tyranthraxus posted... </cite> <quote>By borrowing from the person who bought it after you shorted it to them.</quote> Yeah I understand that bud but Im saying the situation was madness and not normal lol. </quote> ... Copied to Clipboard!
JE19426 02/05/21 11:22:23 AM #29:	No, it wasn't a protest. Although some used it as such. People just wanted to make money off of short sellers. <cite>JE19426 posted [p:950307416] in Was the GM... [t:79278951]...</cite> <quote>No, it wasn't a protest. Although some used it as such. People just wanted to make money off of short sellers. </quote> ... Copied to Clipboard!
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Current Events > Was the GME pump and dump really a protest? (+) Yeah! (+)

Current Events > Was the GME pump and dump really a protest?