GameStop WallStreet scandal.

Heres the article:

https://www.theguardian.com/business/...,a%20co%2Dordinated%20buying%20spree.



Crazy that this will create a 2008-like anti wallstreet feelling but for 0.1% of the money involved, fuck wallstreet srsly I hope people in Citadel go to jail but sadly, it's very unlikely.

Not a bad article but clearly the best source here is r/wallstreetbets and sharp people on Twitter.

Facebook deleted a group of 157,000 RobinHood Stock Traders.

Google deleted 100,000+ negative reviews of RobinHood on their app store just today.

It's literally lizard people everywhere. Don't sit there and get excited that the puppets with haircuts in suits beholden to the corporate oligarchy might actually do something... We have to figure it out on our own. So, let's start... What can you imagine?

(First woman zomgzomgzomg I luv u Joe Biden!!!) Secretary of Treasury Janet Yellen received $800,000+ in speaking fees from Citadel hedge fund. The same Citadel hedge fund that bailed out Melvin (136% $GME short position) for billions of dollars and the same Citadel hedge fund that RobinHood is beholden to. RobinHood doesn't actually make money off of retail customers. They make money by sending Citadel and other hedge funds retail trade info.

Facebook? Has been dead to me for years.

Whatsapp? Dead to me as of Jan 2021. The sharps use Signal.

Browser? Chrome... Fuck... I am pretty comfy with it too. What is best in life?

Email? Gmail... Fuck... What is best in life?

Twitter? Not a fan of how they handle a lot of censorship but I generally like @jack and overall like Twitter. Change my mind.

YouTube? Fuck, I put in YouTube seshes all the time.

Fuck... I haven't even gotten into Amazon or Apple...Amazon Web Services... Reddit is on AWS... Fuck.

Come on lads! We can brainstorm and figure these things out. Is a 1 billion person global general strike possible?

Oh yeah, Telegram over Discord. Let's go!!!

I know nothing next to nothing about stocks and shorts, but I found this on reddit:

"Please read!!! This text will be the most important piece that you’ll see today!!!

They didn’t exit any of their short positions! You can look it up!!! The fund sold their shares to other funds, which made the stock algorithm think the stock is being sold —> price goes down —> the found that bought sells those shares again to the fund that sold them in the first place —> price drops even more —> they keep doing that —> price drops lower every time —> but as long as we hold they weren’t able to exit any positions!!! Shorts are still up 120% percent. As long as we hold the squeeze is inevitable!! And if you don’t believe me, look at the GME after hour stock price!

Furthermore don’t sell at 1000$ tomorrow or next week!!! It can be way fucking higher! I‘m talking about numbers around 10/20k per share! Compared to the VW squeeze in 2008 GME would need to be valued at 34000$ per share!!!

READ THIS!!!! COPIED IT FROM A WISE REDDITOR!!!

EVERYBODY READ THIS! Important!

Since it got removed: When do we sell? A quick guide for GME Army. (SECRET TO DIAMOND HAND ???????? )

When do we sell? A quick guide for GME Army. (SECRET TO DIAMOND HAND ???????? )

Too much disinformation about when to sell. I'm tired of seeing people paper handing GME when it drops by 20%, or saying to sell Friday (BTW DO NOT FUCKING SELL FRIDAY OR I WILL COME OVER THERE AND DO STUFF TO YOU!) so here is the DEFINITIVE guide on how to play the ending.

First, we need to understand what is "Days to Cover" or "Short Ratio" .

Official definition:

• ?Days to cover, also called short ratio, measures the expected number of days to close out a company's issued shares that have been shorted. • ?Days to cover is calculated by taking the number of currently shorted shares and dividing that amount by the average daily trading volume for the company in question. • ?A high 'days to cover' ratio can often signal a potential short squeeze.

Dumbed down version:

• ?imagine you're Melvin Capital and you have 1 million dildos up your ass. How long will it take to get all those dildos out of your ass? If the volume of dildo removing is 1 per day, then it'll take 1 million days to remove 1 million dildos up your ass. If it's 50,000 dildos a day, then it's 20 days. • ?Same thing with covering short positions. How long will it take Melvin Capital and other shorters to cover their short positions? You take alllll the shorted shares, divided by the average volume of share movement per day, and you get something called "Days to Cover"

Now you know what day's to cover means, you can check many websites to see what is the days to cover for GME.

So you can see, even if Melvin Capital wants to cover their shorts, it's gonna take them DAYS, and right now it's gonna take them an entire trading week to cover their position.

So what does that mean for us?

Well, we're just waiting for the day when Melvin Capital starts covering their position. When is that day? VERY FUCKING SOON. They're are bleeding out of their ass with the insane interest rate they're paying for their position, and a lot of puts are expiring on Friday, plus a lot of ITM (in the money) calls expire Friday and can be exercised to get shares.

Friday might be the day where Melvin Capital have no choice BUT to start covering.

Now, IF this happens, then it's not gonna take Melvin Capital 1 hour to cover all their shorts, but DAYS. Meaning if Melvin capital starts covering FRIDAY, it will take them at LEAST 5 DAYS to fully cover, which means ALL of next week, the price will keep increasing and increasing! So realistically I'd say Weds or Thurs next week might be peak sell time, IF the covering starts Friday. No need to panic sell. No need to worry about a top that lasts for minutes. It will LAST FOR DAYS!!!!!

Now, CNBC and all of the MM's and corrupt media will fool you into thinking Melvin Capital has already covered their shorts or some other bullshit, but don't believe it. It takes DAYS to do so!

The only numbers you should be looking at is the short ratio. If it's getting smaller, then the squeeze has begun. If it's still at fucking 138-140% like it is now, NOTHING EVEN HAPPENED YET.

We're at fucking $250 after hours and the shorts still haven't begun to cover yet! Imagine when they do? $1000 is actually a very low estimate, and is no longer a meme number. If we all play it right and hold while shorts cover, we can literally squeeze this to infinity as they try to cover.

TL:DR = ACTUALLY FUCKING READ IT AND HOLD MOTHER FUCKERS HOOOOLLLDDDD. WE'RE ROBBING WALLSTREET TOGETHER!!!!! "

Brokers are claiming that there's a liquidity issue potentially threatening the ability to guarantee customers are paid out on a trade. Basically, they are afraid that due to the extreme volatility (+/- $100s in a single candle), scarcity of shares available & huge short position by a firm with deep pockets seemingly in it for the long haul that the shares could spike to like $1k then it's possible Melvin couldn't pay out. Also, apparently some redditors sold their shares for $2600 & $5000 a share earlier because there were so few available for bigger firms. Not sure if it's true though. Honestly I expect this to be trading at $500+ again tomorrow and people will make a lot of money trading this, depending on how much they limit the trades it could go way higher than $500, if we saw $700-800 and a sudden spike to $1k that could be GG. If it hits their stop loss and the big shorts go bust, the price will spike higher than ever before and the clearing house might have issues if for example Melvin can't pay at the end of the day, then the clearing house is stuck with a huge amount owed to pay the people on the other side of the trade i.e. redditors etc. Will be fun to watch tomorrow!!!!

From what I've been reading, the hedge funds want us to think tomorrow is the BIG day to see what happens, when really its more like likely Monday - Edit, as long as people hold

On January 29 2021 03:23 RiKD wrote: Facebook deleted a group of 157,000 RobinHood Stock Traders. Google deleted 100,000+ negative reviews of RobinHood on their app store just today. It's literally lizard people everywhere. Don't sit there and get excited that the puppets with haircuts in suits beholden to the corporate oligarchy might actually do something... We have to figure it out on our own. So, let's start... What can you imagine?

If they keep this shit up I'm going to join Loco and become a commie.

Apparently Robinhood blocking trading with GME was because Dodd-Frank regulations require them to post collateral since the money is settled 48h after the trades.

The collateral ammount is calculated through the greek indicators, so if a stock has a 99% of staying within certain margin they post a collateral multiplied by that 1%, but now the volume and the volatility were greatly increased so basically Robinhood would have had to post like 10% of collateral for every buy on GME by law, so they stopped the buys from it.

So it appears that this block isn't as machiavellian as it seemed before, but its still a big hit on wallstreet cred.

people are trying to buy the stock at the listed value

if people are buying the stock they shouldn't need to post anything more than the stock's value in collateral, which is from actual money in the accounts of the small traders that use their service so why wouldn't they have that money right? that is an excuse... even ftp had more money on hand...

>a million people deposit $200 into FTP
>howard lederer deposits $100 million
>play $1/$2 with howard lederer
>"Due to the volatility of Howard Lederer's play, we are temporarily suspending winning pots vs him. You can only lose pots and fold your hand."
well this makes sense, if i play a pot with howard lederer ftp has to have the money after all...

Yeah, srsly. How come Mr. Interactive Brokers Chairman Thomas Peterffy made no mention of this when he was on the TV?

Baalim has always been quick to lick the boot.

why do the non-sjw tech companies always have the shittiest gui and userx? gab, parler, bitshit or whatever that youtube counterpart is - all the worst looking apps ive seen
trump needs to bankroll his own tech companies, move them all to texas and hire like-minded coders (which are probably a lot of em out there) and get that 75million userbase asap.

On January 29 2021 06:42 Baalim wrote: Show nested quote + On January 29 2021 03:23 RiKD wrote: Facebook deleted a group of 157,000 RobinHood Stock Traders. Google deleted 100,000+ negative reviews of RobinHood on their app store just today. It's literally lizard people everywhere. Don't sit there and get excited that the puppets with haircuts in suits beholden to the corporate oligarchy might actually do something... We have to figure it out on our own. So, let's start... What can you imagine? If they keep this shit up I'm going to join Loco and become a commie.

I don't want to put words into Loco's mouth but I always thought he was more anarchist than communist. Calling him a commie... I don't even know what that means... Maybe he likes Bernie Sanders? Maybe he's a Russian agent like Tulsi Gabbard or Edward Snowden? Or maybe he is a tankie piece of shit or ML which would be unfortunate. He was always for Eco-Socialism and Total Liberation which may overlap/trend with Anarcho-Communism...

Anyways, you have a history of dishonest, bad-faith, dopamine craved discourse with Loco and you should probably know whose side I am most likely to take on most things at this point and I don't even know why I responded to this but I am just running out the clock until I can take a walk in good sun which is the first time I will have seen the sun in 3 days.

Like, what about Bernanke? I don't want to look up every last detail but he runs the fed in 2008... From there he gives speeches for likely all the cronies he took care of at the fed. Now, they take care of him with $250,000+ checks per speech. Then he gets hired as the senior advisor at Citadel. It's all intermixed.

I could see why you like a guy like Elon. He has a lot of positive traits. He was also substantially helped out by The State with Tesla and SpaceX and his first start up with his brother was funded by his billionaire dad with profits from emerald mining with horrendous labor practices under apartheid in South Africa. It's probably one of the reasons why Elon does not give a shit about backing coups in Bolivia for Lithium or current labor practices extracting Cobalt from the Congo or speculative labor practices at his own companies in the USA. Tesla, SpaceX, and SolarCity would have all died without the help of the US Government. So, we should all suck Elon's dick? Because, trickle down economics? Give me a fucking break... hijo de puta la concha de tu madre

This bitch...

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">One of the most revealing 40-second video clips you&#39;ll ever watch: <a href="https://t.co/5v3q1HrPqu">https://t.co/5v3q1HrPqu</a></p>&mdash; Glenn Greenwald (@ggreenwald) <a href="