Mods: does DD tag apply? If not change it.
I wrote this in response to someone elsewhere who asked simply:

So they're betting against the company? Like, they have no faith in them? Investing like this makes one feel horrible.

Yeah. There are three ways you can short.
1) You buy an option with a predetermined end date with the RIGHT to sell a stock at a certain price (depending on how much you want to pay determines the price.) If a stock is $10 and you expect it to drop to $5 in 6 months, you might buy a $9, 10 month expiry "put" (right to sell at price) option. This might cost you 50c per share.
IF you're even slightly right, ie it drops to any price lower than $8.49 before expiry you made 1c per share. You can also change your mind and sell the option (either more (profit) or less (loss) than 50c/share).
IF you're properly right, and it does drop to exactly $5 you make $3.5 per share. If it rises, or drops to any number above $8.50, you lose the price of the option (50c/share).
2) You're a big player. You call your buddies at Pension Fund X42 and say "Hey can I borrow those shares you have for x% interest and return them to you later?" A set timeframe may be set. I don't know for sure, but probably. Anyhow, Pension Fund X42 says "ok" because they aren't looking to sell them, so might as well make some interest on lending them.
So you borrow them, and immediately sell them. You pay your daily interest to the pension fund, and you wait. When the price drops, and you decide that you've made enough, you buy them back and return them. You keep the difference in prices whatever that may be, minus the interest.
If you're wrong... You're still obliged to return the shares to Pension Fund X42. So at some point you have to decide to eat a loss and buy the shares back.
3) You're a big player and you are ok with a bit of lawbreaking, you Naked Short Sell. This is great because it's cheaper! No interest payments!
Here, you simply sell shares you don't have, and buy the imaginary shares you just created back later so that the number of shares on issue doesn't get too far out of whack and you don't get investigated. Any gap between your sell price and buy price is profit or loss depending on which way it goes.
What's happened right now is mostly a combination of 2 and 3. I'm sure there is a bit of 1, but 1 only causes predictable losses (Like the cost of playing a hand at a casino. You only lose the amount you bet if the cards don't go your way.)
So the risk with 2 and 3 is that because you're obliged to buy back the shares at some point, if they go up, when you have to quit, you have to pay the current market price and your actions can make the price go up even more.
Now you're in a short squeeze. You are obliged to buy but the price keeps going up every time you do. It's entirely possible that others see the price going up and buy, so you're now competing to buy a limited number of shares with everyone else. So the price goes higher. Your losses are potentially infinite.
What's slightly different between this particular short squeeze and all the others is:
1) The dumb fucks naked short sold AT LEAST 40% more shares than ever existed. They're obliged to buy back more shares than is possible. The only way out of that self-made trap is a complicated mess of desperately buying, returning, rebuying from the people you borrowed them from, and returning them with losses at every step. Imagine if I sold you 10 cars, but only delivered 6. You're standing there with your wtf face and I say "Hey! how much would you sell those 4 cars for?" You can name your price at this point. I pay it. Then I "finish" my "10 car delivery."
2) Retail traders are acting as one single semi-coordinated hive, loosely behaving similarly to what would in prior short squeezes, be a competitor hedge fund. They own a lot of the shares the hedge funds (HFs) NEED to buy - but they're not selling. They're actively cheering for the HFs bankruptcy while watching the price of the stock they hold skyrocket. Only other HF billionaires are allowed to do that and get away with it.
.
2a) HFs can be negotiated with. If you're really, really getting bent over and fucked, and you grovel enough, you can usually cut a deal where they stop trying to fuck you. If they won't talk to you, they'll often talk to your bank/brokesome other bigger player that can convince them that your bankruptcy will also cause significant losses or bankruptcy of another party they're not trying to fuck and they might like to have as friends one day. "You quit this, and we'll owe you one." It's always good to have favours to call.
.
2b) The self proclaimed retards on WSB can't be negotiated with. They don't need favours. They don't care if you go bankrupt or there's collateral damage. They don't give a fuck about any of them. For the most part they only hold a few hundred shares each max - and also for the most part, they're playing with their own money that they can actually afford to lose even if it hurts for a year or two.
How do you negotiate with, or swat a million wasps stinging you? You can't.
Edit.
Thanks for all the awards guys! I'll soon have enough to make a Tiara and become your Яetard Prince for the day! I was actually expecting posts telling my how wrong I am. I only think I know what the fuck is going on most of the time and usually figure out later that it wasn't.
I'd like to thank the academy, and my parents who never believed in me, and Scruffy, my first dog, who, like WSB, played chicken with truck, and, and, and...
Also.
I figure since this is so popular, I might as well nominate my suggestion for the inevitable u/deepfuckingvalue movie. It's fairly likely to be seen as a sequel to the Wolf of Wall St, so.... "The Fox/Foxes of Main Street" ? Yeah, nah?
Edit 2 NOTE
To all the people trying to PM me for advice: I have no fucking idea what WILL happen next. I just think I cobbled together enough of what HAS happened to explain it somewhat.
Ie: I'm more like a journalist. Would you ask a journalist for stock advice? (please don't answer yes...)

Why I'll never stop buying GME, and why you probably should

When I turned 18, there was a casino about 2 hours away on a reservation that I could get into. We'd get paid on Friday night, head to the gas station near us that would cash a paycheck, pile into my crappy little Ford, then make the drive. We'd get there a little before midnight and everyone had their own game.
The second time we went, one of my friends was hypnotized by the craps table. There were 16 players standing around this sea of green, and every minute or so, you could hear them screaming at the top of their lungs like they just won a million dollars. On the way home that night, I taught him everything I learned from books I'd read about the different bets. "Smart" bets where the house edge was only 1.4%, all the way down to the risky ones where the house edge was over 10% (meaning that for every $100 wagered, you should expect to lose $10).
The next time we went, we hung around the table, trying to figure out the right way to bet. It seemed a little complicated, so we tried other games. At the end of the night, I had the last $10 and he asked if he could borrow it to go place a bet. I handed it over, then went to the bathroom in preparation for the ride home. When I finally found him again, he had a stack of chips in front of him. He had been gone for about 5 minutes and already turned $10 into a few hundred. Well, if you can turn 10 into 100, you can turn 100 into 1,000 just as easily. We left empty handed that night, but I'll never forget the rush.
I loved blackjack. I learned how to play at an early age from my uncle, who would always cheat and take my money. He'd say "I just taught you a very valuable lesson." He actually taught me two: 1) if you play against a casino, you may have a good night and win thousands of dollars, but if you keep going back, you'll eventually have nothing left. 2) My uncle was a scumbag who continually cheated and took my money, then told the family I was a poor sport and they couldn't understand why I hated doing anything with him. One of my earliest memories at the casino was running $100 at the blackjack table into $3000, which is more than I made in a month of bussing tables. I went home, paid my rent and blew the rest on useless things I can't even remember.
What does any of this have to do with $GME? Well I'm still chasing the same high as I was when I was 18. I don't go to the casino anymore, but I've got something even better on my computer. I bought $2k worth of weeklies on Jan 25. Before everything crashed, they were worth over $100k, more than enough to fix most of the problems I've caused in my life. BUT, I was still standing around that craps table. The roller had just made his 30th point in a row, $GME was on fire and couldn't possibly roll a 7! I put my 2k back in my pocket and shoved the rest on the pass line. A few minutes later, the croupier inevitably yells "7 out!" and just like that, I'm back to nothing.
Now I do what every moron around the table does. You reach back into your pocket, pull out the 2k and make a deal with your maker. "Just let it happen one more time. I won't be greedy THIS time and I'll stop when I hit 50k." I stop looking at the smart bets and start eyeing the center of the table, where hard ways are paying 10:1. Yeah, that'll be how I get back to 50k. A couple of those in a row and I can put a down payment on a house. 5 minutes later, I'm on my way out to the car and I feel like I've been punched in the gut. Again.
Every one of you in this subreddit is another person sitting at the casino. Everyone has their game. The people holding $GME stonks right now? You're playing baccarat. If you've never heard of it, it's what James Bond plays in the old movies. It's about the most boring thing you can do. Two hands are dealt and you're betting on which one wins before anything happens. There's no actual skill and it's the same thing as betting heads or tails, while losing 1% of your bet every time.
The people who cashed out and picked something else like $AMC or $BB? Those are the slot players. You had a big hit and now you're going to switch machines because the other ones are "due". You're looking for the exact same magic, thinking there was something smart in your play, when it was really just dumb luck in timing.
The people saying "If Daddy Elon or Cowboy Cuban gets in, we can trigger a squeeze!" You're the guy who spent too much money in the first 20 minutes of the trip and now you're begging everyone else for a loan.
Tldr: Nothing is happening with $GME. Stop saying "tomorrow is the day." Billionaires are not coming to bail you out. If institutional investors come in, they're waiting for this constant downhill slide to end at where the stock belongs, probably around $20. You can't trigger shit by holding. The HFs will outlast you.
Edit: Screenshots from the worst 40 minutes of my financial life https://imgur.com/a/MlTRJmx
Edit 2: JFC, some of you are takin WSB way too seriously. You should not be using reddit for DD. Also, this is not financial advice. Don't take financial advice from someone who tells you stories about chasing highs at casinos.
Edit 3: This is WSB, my dudes. I'm glad most of you were entertained by my story. For the few of you who got that worked up by a random stranger on the internet telling you that he's a degenerate, you may actually have a problem. https://www.ncpgambling.org/help-treatment/

Yes, I know.

Experts Predict Biden Could Void DOJ’s 2018 Wire Act Opinion; Good News for Online Poker

[World] - Billionaire Wynn Gets No Money in Casino Termination Deal | Chosun Ilbo

[World] - Billionaire Wynn Gets No Money in Casino Termination Deal

Timeline of Trump's Russia Connections from KGB Cultivation to United State President

The Russia Mafia is part and parcel of Russian intelligence. Russia is a mafia state. That is not a metaphor. Putin is head of the Mafia. So the fact that they have deep ties to Donald Trump is deeply disturbing. Trump conducted FIVE completely private meetings and conferences with Putin, and has gone to great lengths to prevent literally anyone, even people in his administration, from learning what was discussed.
According to an ex-KGB spy...Russia has been cultivating Trump as an asset for 40 years.
Trump was first compromised by the Russians in the 80s. In 1984, the Russian Mafia began to use Trump real estate to launder money.
In 1984, David Bogatin — a convicted Russian mobster and close ally of Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting. Those condos were later seized by the government, which claimed they were used to launder money for the Russian mob.
“During the ’80s and ’90s, we in the U.S. government repeatedly saw a pattern by which criminals would use condos and high-rises to launder money,” says Jonathan Winer, a deputy assistant secretary of state for international law enforcement in the Clinton administration. “It didn’t matter that you paid too much, because the real estate values would rise, and it was a way of turning dirty money into clean money. It was done very systematically, and it explained why there are so many high-rises where the units were sold but no one is living in them.”
When Trump Tower was built, as David Cay Johnston reports in The Making of Donald Trump, it was only the second high-rise in New York that accepted anonymous buyers.
In 1987, the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider business prospects.
A short while later he made his first call for the dismantling of the NATO alliance. Which would benefit Russia.
At the beginning of 1990 Donald Trump owed a combined $4 billion to more than 70 banks, with $800 million personally guaranteed by his own assets, according to Alan Pomerantz, a lawyer whose team led negotiations between Trump and 72 banks to restructure Trump’s loans. Pomerantz was hired by Citibank.
Interview with Pomerantz
Trump agreed to pay the bond lenders 14% interest, roughly 50% more than he had projected, to raise $675 million. It was the biggest gamble of his career. Trump could not keep pace with his debts. Six months later, the Taj defaulted on interest payments to bondholders as his finances went into a tailspin.
In July 1991, Trump’s Taj Mahal filed for bankruptcy.
So he bankrupted a casino? What about Ru...
The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s, according to the IRS in a 1998 settlement agreement.
The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day, the government said."The violations date back to a time when the Taj Mahal was the preferred gambling spot for Russian mobsters living in Brooklyn, according to federal investigators who tracked organized crime in New York City. They also occurred at a time when the Taj Mahal casino was short on cash and on the verge of bankruptcy."
....ssia
So by the mid 1990s Trump was then at a low point of his career. He defaulted on his debts to a number of large Wall Street banks and was overleveraged. Two of his businesses had declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit that was the Trump Shuttle went out of business in 1992. Trump companies would ultimately declare Chapter 11 bankruptcy two more times.
Trump was $4 billion in debt after his Atlantic City casinos went bankrupt. No U.S. bank would touch him. Then foreign money began flowing in through Deutsche Bank.
The extremely controversial Deutsche Bank. The Nazi financing, Auschwitz building, law violating, customer misleading, international currency markets manipulating, interest rate rigging, Iran & others sanctions violating, Russian money laundering, salvation of Donald J. Trump.
The agreeing to a $7.2 billion settlement with with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities and causing the 2008 financial crisis bank.
The appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades bank.
The embroiled in a $20b money-laundering operation, dubbed the Global Laundromat. The launders money for Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB bank.
That bank.
Three minute video detailing Trump's debts and relationship with Deutsche Bank
In 1998, Russia defaulted on $40 billion in debt, causing the ruble to plummet and Russian banks to close. The ensuing financial panic sent the country’s oligarchs and mobsters scrambling to find a safe place to put their money. That October, just two months after the Russian economy went into a tailspin, Trump broke ground on his biggest project yet.
Directly across the street from the United Nations building.
Russian Linked-Deutsche Bank arranged to lend hundreds of millions of dollars to finance Trump’s construction of a skyscraper next to the United Nations.
Construction got underway in 1999.
Units on the tower’s priciest floors were quickly snatched up by individual buyers from the former Soviet Union, or by limited liability companies connected to Russia. “We had big buyers from Russia and Ukraine and Kazakhstan,” sales agent Debra Stotts told Bloomberg. After Trump World Tower opened, Sotheby’s International Realty teamed up with a Russian real estate company to make a big sales push for the property in Russia. The “tower full of oligarchs,” as Bloomberg called it, became a model for Trump’s projects going forward. All he needed to do, it seemed, was slap the Trump name on a big building, and high-dollar customers from Russia and the former Soviet republics were guaranteed to come rushing in.
New York City real estate broker Dolly Lenz told USA TODAY she sold about 65 condos in Trump World at 845 U.N. Plaza in Manhattan to Russian investors, many of whom sought personal meetings with Trump for his business expertise.
“I had contacts in Moscow looking to invest in the United States,” Lenz said. “They all wanted to meet Donald. They became very friendly.”Lots of Russian and Eastern European Friends. Investing lots of money. And not only in New York.
Miami is known as a hotspot of the ultra-wealthy looking to launder their money from overseas. Thousands of Russians have moved to Sunny Isles. Hundreds of ultra-wealthy former Soviet citizens bought Trump properties in South Florida. People with really disturbing histories investing millions and millions of dollars. Igor Zorin offers a story with all the weirdness modern Miami has to offer: Russian cash, a motorcycle club named after Russia’s powerful special forces and a condo tower branded by Donald Trump.
Thanks to its heavy Russian presence, Sunny Isles has acquired the nickname “Little Moscow.”
From an interview with a Miami based Siberian-born realtor... “Miami is a brand,” she told me as we sat on a sofa in the building’s huge foyer. “People from all over the world want property here.” Developers were only putting up luxury properties because they “know that the crisis has not affected people with money,”
Most of her clients are Russian—there are now three direct flights per week between Moscow and Miami—and increasing numbers are moving to Florida after spending a few years in London first. “It’s a money center, and it’s a lot easier to get your money there than directly to the US, because of laws and tax issues,” she said. “But after your money has been in London for a while, you can move it to other places more easily.”
In the 2000s, Trump turned to licensing deals and trademarks, collecting a fee from other companies using the Trump name. This has allowed Trump to distance himself from properties or projects that have failed or encountered legal trouble and provided a convenient workaround to help launch projects, especially in Russia and former Soviet states, which bear Trump’s name but otherwise little relation to his general business.
Enter Bayrock Group, a development company and key Trump real estate partner during the 2000s. Bayrock partnered with Trump in 2005 and invested an incredible amount of money into the Trump organization under the legal guise of licensing his name and property management. Bayrock was run by two investors:
Felix Sater, a Russian-born mobster who served a year in prison for stabbing a man in the face with a margarita glass during a bar fight, pleaded guilty to racketeering as part of a mafia-driven "pump-and-dump" stock fraud and then escaped jail time by becoming a highly valued government informant. He was an important figure at Bayrock, notably with the Trump SoHo hotel-condominium in New York City, and has said under oath that he represented Trump in Russia and subsequently billed himself as a senior Trump advisor, with an office in Trump Tower. He is a convict who became a govt cooperator for the FBI and other agencies. He grew up with Micahel Cohen --Trump's disbarred former "fixer" attorney. Cohen's family owned El Caribe, which was a mob hangout for the Russian Mafia in Brooklyn. Cohen had ties to Ukrainian oligarchs through his in-laws and his brother's in-laws. Felix Sater's father had ties to the Russian mob.
Tevfik Arif, a Kazakhstan-born former "Soviet official" who drew on bottomless sources of money from the former Soviet republic. Arif graduated from the Moscow Institute of Trade and Economics and worked as a Soviet trade and commerce official for 17 years before moving to New York and founding Bayrock. In 2002, after meeting Trump, he moved Bayrock’s offices to Trump Tower, where he and his staff of Russian émigrés set up shop on the twenty-fourth floor.
Arif was offering him a 20 to 25 percent cut on his overseas projects, he said, not to mention management fees. Trump said in the deposition that Bayrock’s Tevfik Arif “brought the people up from Moscow to meet with me,”and that he was teaming with Bayrock on other planned ventures in Moscow. The only Russians who are likely have the resources and political connections to sponsor such ambitious international deals are the corrupt oligarchs.
In 2005, Trump told The Miami Herald “The name has brought a cachet to certain areas that wouldn’t have had it,” Dezer said Trump’s name put Sunny Isles Beach on the map as a classy destination — and the Trump-branded condo units sold “10 to 20 percent higher than any of our competitors, and at a faster pace.”“We didn’t have any foreclosures or anything, despite the crisis.”
In a 2007 deposition that was part of his unsuccessful defamation lawsuit against reporter Timothy O’Brien Trump testified "that Bayrock was working their international contacts to complete Trump/Bayrock deals in Russia, Ukraine, and Poland. He testified that “Bayrock knew the investors” and that “this was going to be the Trump International Hotel and Tower in Moscow, Kiev, Istanbul, et cetera, and Warsaw, Poland.”
In 2008, Donald Trump Jr. gave the following statement to the “Bridging U.S. and Emerging Markets Real Estate” conference in Manhattan: “[I]n terms of high-end product influx into the United States, Russians make up a pretty disproportionate cross-section of a lot of our assets; say in Dubai, and certainly with our project in SoHo and anywhere in New York. We see a lot of money pouring in from Russia.”
In July 2008, Trump sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, a Russian oligarch. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property. This was the height of the recession when all other property had plummeted in value. Must be nice to have so many Russian oligarchs interested in giving you money.
In 2013, Trump went to Russia for the Miss Universe pageant “financed in part by the development company of a Russian billionaire Aras Agalarov.… a Putin ally who is sometimes called the ‘Trump of Russia’ because of his tendency to put his own name on his buildings.” He met with many oligarchs. Timeline of events. Flight records show how long he was there.
Video interview in Moscow where Trump says "...China wanted it this year. And Russia wanted it very badly." I bet they did.
Also in 2013, Federal agents busted an “ultraexclusive, high-stakes, illegal poker ring” run by Russian gangsters out of Trump Tower. They operated card games, illegal gambling websites, and a global sports book and laundered more than $100 million. A condo directly below one owned by Trump reportedly served as HQ for a “sophisticated money-laundering scheme” connected to Semion Mogilevich.
In 2014, Eric Trump told golf reporter James Dodson that the Trump Organization was able to expand during the financial crisis because “We don’t rely on American banks. We have all the funding we need out of Russia. I said, 'Really?' And he said, 'Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programmes. We just go there all the time.’”
A 2015 racketeering case against Bayrock, Sater, and Arif, and others, alleged that: “for most of its existence it [Bayrock] was substantially and covertly mob-owned and operated,” engaging “in a pattern of continuous, related crimes, including mail, wire, and bank fraud; tax evasion; money laundering; conspiracy; bribery; extortion; and embezzlement.” Although the lawsuit does not allege complicity by Trump, it claims that Bayrock exploited its joint ventures with Trump as a conduit for laundering money and evading taxes. The lawsuit cites as a “Concrete example of their crime, Trump SoHo, [which] stands 454 feet tall at Spring and Varick, where it also stands monument to spectacularly corrupt money-laundering and tax evasion.”
In 2016, the Trump Presidential Campaign was helped by Russia.
(I don't have the presidential term sourced yet. I'll post an update when I do. I'm sure you probably remember most of them...sigh. TY to the main posters here. Obviously I'm standing on your shoulders having taken a lot of the information or articles from here).

Neocon favorite angling for big money from casino billionaire Sheldon Adelson, Rubio is following the Zionist 'victim' script to the letter: "No people have suffered more at the hands of this violence and this terrorism than the people of Israel and they need America’s support unconditionally."

GME: the case for a value play

This is not financial advice, just an attempt to explain the real story of what happened before the pile-on started
There’s a huge misleading narrative that WSB “picked” GME because of its short interest and that’s the only reason the short squeeze is on.
Here’s the thing...
WSB hated on the GME DDs! The pile on happened after the initial squeeze began...

This was always going to happen

Let’s start at the beginning.
GME was shorted at 171% at 2.50. To use DFV’s words: “that’s a seriously ballsy bet!”
GME was never going bankrupt in 2021. Here’s why:

1) Console cycle

Historically, GME stock price jumps significantly when new consoles come out. This can be observed easily.
The shorts were aware of this, but bet that it wouldn’t happen again because new consoles wouldn’t have optical discs.
They were wrong...
There’s plenty of support for this thesis by real analytics investors. I give you Micheal Burry - of Big Short fame. He went in at <5 because of the above console cycle.
He later said GME was a value play at 20-60, a short play at 80. The reason it isn’t a short play now is because of later events.

2) Financial Heath

This one is simple. Mid COVID, with terrible stock prices, GME bought back 7-800 million of debt.
This is simply not something a company going bankrupt does. If they were going bankrupt they’d focus their efforts on survival and bank on discharging the debt in bankruptcy court if it hit that level.
For the record, this fact is what got me into the play thanks to Uberkikz. Buying back debt is not the action of a company dying in the next 12 months.

3) Ryan Cohen and digital gold

For those of you who don’t understand the times we live in, user data is literal gold when used properly. Ryan Cohen knows this.
Let’s talk about who he is:
He wanted to found an e-commerce pet food franchise based on customer loyalty. He was laughed out of investment meetings based on the market being dominated by giants with established market and low prices.
He said that even in the age of dirt cheap virtual flea markets there was a gap to be filled via customer-centric e-commerce. He was correct. He built Chewy up and only sold it because his grandfather got sick.
RC wrote a letter to GME saying they could accelerate their shift and utilize the unique data they have on three generations of gamers to capture a market that is growing by leaps and bounds daily.
When I was looking for recovery plays, i eyed up AMC (lol), but didn’t bite. DFV and Uberkikz convinced me and I bought in.
Then Ryan Cohen upped his stake... Then he hired an activist lawyer specializing in takeovers.... Then they PUT HIM ON THE FUCKING BOARD
Now he has 3 seats and two friendly votes.
Here’s the thing, yes Reddit piled on but that’s because at this point they were sold. The thing they’d been ignoring as dumb now had proof.
GME was becoming a tech company and tech companies are forward valued thanks to our bubble, look at Tesla!
This wasn’t a planned attack!!

As soon as RC joined the board, the shorts should have covered

They made a bad bet! When Dr Wilson in the 90s realized his short of the casinos went bad, he sent a telegram saying “cover all shares”
Instead, they dug in and endangered everything with their over-leveraged bet ( not gonna get into share loaning and over-shorting but best believe there’s something fucked there).
Reddit piled on because the bull case was clear and the shorts were in the wrong.
There’s nothing wrong with investing on an opinion.
My opinion is that they’ve helped GMEs turnaround by making this news and it’s a foregone conclusion.
Thanks for attending my TED talk. Stop the fuck the billionaires narrative, this is a story about shorts making a bad bet against an unlikely value play.... period
Edit2: i realized I got lost in explaining the value play and forgot the point. I’m trying to point out that before the pile-on there was a valid bull thesis.
Once Ryan Cohen was put on the board, the internet flocked to this and everything went crazy, but I am seeing people on the news saying that “we all got in to fuck the billionaires” and that is just patently untrue.
I got in because at 2.50-10, GME was worth more. Now it’s being squeezed so I have no idea where this lands.
🚀🚀🚀🚀🚀🚀
Edit: as requested, my positions:
300 shares originally, got fucked down to 200 by attempting to day trade them right as my broker restricted buys. 50 shares at 14, 250 at 200
options at 14c, 16c, 30c all bought at GME price 14-15, pre earnings from hell: I sold these because I’m sorry I’ve been in since October and this was more money then I’ve ever had.
I hold my shares until the end!

Got scammed to buy DOGE. Bought DOGE and now its dying.

billionaire casino money video

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How much money should I have to start doing 10M roulette bets on Billionaire Casino?

If you were a billionaire who wanted to gamble in a casino, how much money would you be comfortable with putting on a poker table?

'Army Of The Dead' starring Dave Bautista will hit Netflix winter 2020, according to director Zack Snyder. Billionaire hires a group of mercenaries to salvage his money from a Las Vegas casino - where the zombie plague has been contained with walls.

If you were a billionaire who wanted to gamble in a casino, how much money would you be comfortable with putting on a poker table?

Hello I figured out how to be a billionaire no need for looks or brain. U just need to go to the dating app and select the richest guy in net worth and get married. once u get married u get a joint account and u use the persons money in a casino. If u fail just repeat until succeed

'Army Of The Dead' starring Dave Bautista will hit Netflix winter 2020, according to director Zack Snyder. Billionaire hires a group of mercenaries to salvage his money from a Las Vegas casino - where the zombie plague has been contained with walls.

[Business] - Singapore’s Marina Bay Sands casino, owned by US billionaire Sheldon Adelson, faces money-laundering probe

[Business] - Singapore’s Marina Bay Sands casino, owned by US billionaire Sheldon Adelson, faces money-laundering probe | South China Morning Post

Crown Casino exposed. Sex trafficking, drugs, money laundering | 60 Minutes Australia (2019) -Huge Expose on billionaire James Packer's Australian Crown Casino from sex trafficking to Chinese communist party collusion. [50:21]

Billionaire Zionist casino mogul Sheldon Adelson's threat to Jeb Bush that any dove signals coming out of his camp were going to cost him "a lot of money" quickly brought him to heel for fear of losing funding from wealthy, Israel-first Jewish hawks

You were a billionaire and you lost all your money in a casino, what would you so?

Sheldon Adelson, the hawkish Diaspora Zionist casino billionaire pushing hard for U.S. war against Iran, reportedly "rips***" at the Jeb Bush camp for pandering to more dovish Zionists, says the mistake is going to cost them “a lot of money.”

Explanation for noobs who don't quite understand what's going on...