#WallStreetBets

Discussion in 'The Mainboard' started by Tobias, Jan 26, 2021.

  1. Tobias

    Tobias dan “the man qb1” jones fan account
    Donor
    North Carolina TarheelsAtlanta BravesCharlotte HornetsNew York GiantsManchester CityNational LeagueBarAndGrill

    i do not know what it means but apparently reddit dorks are bankrupting hedge fund ghouls as a joke and it seems dope and different so please discuss itt
     
  2. Tobias

    Tobias dan “the man qb1” jones fan account
    Donor
    North Carolina TarheelsAtlanta BravesCharlotte HornetsNew York GiantsManchester CityNational LeagueBarAndGrill

    as far as i can tell this explains the phenomenon

    F23F7FE5-86A4-4582-A4E7-367E8C271504.jpeg
     
  3. DDB

    DDB Some men just want to watch the world burn
    Donor TMB OG
    Alabama Crimson TideMiami MarlinsMemphis GrizzliesNew England PatriotsTiger Woods

    One of them turned 56k into 11 mil.
     
  4. Manny

    Manny I love Lip

    thread is streets behind
     
  5. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
    Staff Donor TMB OG
    Kansas JayhawksKansas City RoyalsKansas City ChiefsNewcastle UnitedBig 8 ConferenceFormula 1

  6. DDB

    DDB Some men just want to watch the world burn
    Donor TMB OG
    Alabama Crimson TideMiami MarlinsMemphis GrizzliesNew England PatriotsTiger Woods

  7. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    23 mill*
     
  8. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    It’s probably more like 30 million right now
     
    BlazingRebel and WC like this.
  9. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    And it might fuck the Mets, and we can all get behind that.

     
  10. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    That was at close, it’s up another massive amount after hours
     
    WC likes this.
  11. DDB

    DDB Some men just want to watch the world burn
    Donor TMB OG
    Alabama Crimson TideMiami MarlinsMemphis GrizzliesNew England PatriotsTiger Woods

    I was just going by the article I read.
     
  12. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    team funds got on this early and it's PR cover that is useful to basically all but the singular fund getting rolled more than a robinhood scenario
     
    wes tegg and Arrec Bardwin like this.
  13. Tobias

    Tobias dan “the man qb1” jones fan account
    Donor
    North Carolina TarheelsAtlanta BravesCharlotte HornetsNew York GiantsManchester CityNational LeagueBarAndGrill

    i hope countless hedge funds are bankrupted by this thing that i totally understand. make those people suffer
     
  14. DDB

    DDB Some men just want to watch the world burn
    Donor TMB OG
    Alabama Crimson TideMiami MarlinsMemphis GrizzliesNew England PatriotsTiger Woods

    I think their next target was Nokia.
     
  15. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelseaFormula 1

    Fuck short sellers (not derogatory, some of my best friends are short sellers).
     
  16. Tobias

    Tobias dan “the man qb1” jones fan account
    Donor
    North Carolina TarheelsAtlanta BravesCharlotte HornetsNew York GiantsManchester CityNational LeagueBarAndGrill

    i am just glad this confirms my suspicion that the stock market and the economy in general is all a meme
     
  17. ASU Knight

    ASU Knight Well-Known Member

    America has taken up sports betting on college football Saturdays and NFL Sundays and translated it into gambling in the stock market Monday-Friday. Only difference is the big banks, hedge fund firms, investment companies etc didnt have a fail safe in place in some areas like the casino. Some savvy investors are pulling strength in #'s with this new gambling crowd and people are making big $$$$$$$ chasing runs like they are at the craps table. .
     
  18. jrmy

    jrmy For bookings contact Morgan at 702-374-3735
    Donor
    South Carolina GamecocksAtlanta BravesDallas CowboysNational LeagueAvengersBarAndGrill

    I remember when the first victim of this memery was Gallant Knight betting against Elon
     
  19. ashy larry

    ashy larry from ashy to classy
    Donor
    South Carolina GamecocksAtlanta BravesWu-tang

    someone explain short selling to my friend who didn’t go to business school and make really good grades
     
  20. Tobias

    Tobias dan “the man qb1” jones fan account
    Donor
    North Carolina TarheelsAtlanta BravesCharlotte HornetsNew York GiantsManchester CityNational LeagueBarAndGrill

    but explain it to your friend in terms of traffic control principles
     
    BlazingRebel, oldberg, GoS and 2 others like this.
  21. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    The pics in this tweet do a good job at explaining what’s going on
     
  22. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i mean GK also printed money during the initial covid collapse, so win some lose some
     
  23. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
    Donor
    Auburn TigersAtlanta BravesAtlanta FalconsChelseaAtlanta United

    Basically you sell a stock you don’t yet have by borrowing it. You then owe shares to wherever you borrowed from. Price goes up on the stonk(stonks only go up) and the short loses money. Has infinite risk because the price can keep going up.
     
  24. momux

    momux AFAM Scholar
    Donor
    North Carolina TarheelsCarolina PanthersChelseaFormula 1

    I think he bought a house with the profits doing that.
     
  25. kennypowers

    kennypowers Big shit like a dinosaur did it
    Donor TMB OG
    UCF KnightsAtlanta BravesJacksonville Jaguars

    WSB got me on $NIO and $PLUG early, but I never saw the appeal of GameStop because I’m super smart apparently.
     
  26. GoodForAnother

    GoodForAnother I’d rather be down the allotment
    Staff Donor TMB OG
    Kansas State WildcatsKansas City RoyalsKansas City ChiefsSporting Kansas CityTottenham HotspurBig 8 ConferenceBig 12 ConferenceCoors LightFormula 1

    short selling is when you lose a few billion dollars to a subreddit
     
    Baby Herschel, visa, Summa and 51 others like this.
  27. ashy larry

    ashy larry from ashy to classy
    Donor
    South Carolina GamecocksAtlanta BravesWu-tang

    is that where Reddit gold comes from
     
  28. ASU Knight

    ASU Knight Well-Known Member

    Apparently just 3 billion in one day and you get a laugh out of Elon as well.
     
    BudKilmer and Fusiontegra like this.
  29. ashy larry

    ashy larry from ashy to classy
    Donor
    South Carolina GamecocksAtlanta BravesWu-tang

  30. BrickTamland

    BrickTamland You're not Ron...
    Donor
    Florida State Seminoles

    short = you've purchased the right to X [X=buy or sell]
    long = you've sold obligation to (opposite of X)

    short makes money when the stock falls
     
  31. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Miami MarlinsJacksonville JaguarsSporting Kansas CityAvengersMiami HeatSneakersWu-tangBook Club

    Well, logically, you’d have been right to avoid GameStop. But logic has long since gone out the window here.
     
    Taffy likes this.
  32. ohhaithur

    ohhaithur e-Batman
    Donor

    The best way I can think of to explain it:

    You know how scalpers sell tickets to big events right after they sell out (or teams are confirmed for a big game?) and then, once they sell, go out and actually buy the tickets for less than they sold them for and pocket the difference? That's short selling

    Remember the 2012 BCS title game between Oregon/Auburn when this happened and there were no tickets for sale to scalpers to buy and prices went above $10,000 as scalpers were desperate to fill their orders? That's a short squeeze, which is what is happening now
     
  33. fsugrad99

    fsugrad99 I'm the victim here
    Donor
    Florida State SeminolesTexas RangersAustin FCNXTAEW

  34. Daniel Ocean

    Daniel Ocean I only lied about being a thief
    Staff Donor TMB OG
    UCLA BruinsDenver BroncosLos Angeles KingsSneakersBook Club

    We’ve all been there, story as old as time
     
  35. Truman

    Truman Well-Known Member
    Donor
    Missouri TigersSt. Louis CardinalsChicago BullsSt. Louis BluesEvertonBook Club

    This amazing. Never thought Id cheer on reddit dorks, but here I am

     
  36. Truman

    Truman Well-Known Member
    Donor
    Missouri TigersSt. Louis CardinalsChicago BullsSt. Louis BluesEvertonBook Club

    Here's a pretty good explainer

     
    EMAW FC, Juan, tylerdolphin and 8 others like this.
  37. Gallant Knight

    Donor
    Arkansas RazorbacksHouston AstrosRice OwlsAston Villa

    Sitting on the couch in the house I bought with profits shorting Tesla

    I definitely lost some money back during the middle portion of 2020.

    haven’t had a position in Tesla in 6+ months.

    going to short GME either tomorrow or Thursday
     
  38. ohhaithur

    ohhaithur e-Batman
    Donor

    oh my
     
  39. Guns

    Guns horse paste aficionado
    Donor

    all aboard the AMC train
     
  40. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas Razorbacks

    Here for the party. Will probably buy some more tomorrow
     
  41. devine

    devine hi, i am user devine
    Donor
    West Virginia MountaineersChicago BullsPhoenix SunsPittsburgh PenguinsManchester CityPittsburgh PiratesSan Diego PadresBarAndGrillCoors Light

    Still not positive I understand
     
  42. Jax Teller

    Jax Teller Well-Known Member
    Donor
    Alabama Crimson TideAtlanta BravesTennessee TitansNashville PredatorsNashville SC

    Insert good luck meme.
     
    BlazingRebel and Gallant Knight like this.
  43. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    just looked at the prices to short GME

    :gooooo:
     
  44. hudson

    hudson Oh, you know...stuff.
    Donor TMB OG
    Nebraska CornhuskersAtlanta BravesTampa Bay BuccaneersPittsburgh PenguinsFulham

    Yepp, some guy on Twitter mentioned it. It’s up 66.33% in off hours trading. I bought some shares to see if I get ride a little tomorrow.
     
  45. Mr Mortisay

    Mr Mortisay Well-Known Member
    Donor
    Arkansas Razorbacks

    Buying puts is one thing if you don’t mind the premium but why people are clamoring to short the stock in the biggest squeeze of all time still confuses me
     
  46. ohhaithur

    ohhaithur e-Batman
    Donor

    You presell a PS5 on eBay for $800 thinking you can just go to the score, get it for $500, then make an $300 profit.

    On release day every store is sold out and lots of people had the same idea and pre-sold PS5s and are desperate to buy them to deliver the order they already sold. With every scalper fighting over so few PS5s, the people who ended up with them can charge $900...then $1000...then $1100 and you're suddenly down a lot on your idea.
     
  47. Nelson

    Nelson Can somebody please get Ja Rhule on the phone
    Donor
    Nebraska CornhuskersDenver NuggetsDenver BroncosColorado AvalanceBorussia DortmundManchester UnitedColorado State Rams

    Hammer AMC
     
  48. Nelson

    Nelson Can somebody please get Ja Rhule on the phone
    Donor
    Nebraska CornhuskersDenver NuggetsDenver BroncosColorado AvalanceBorussia DortmundManchester UnitedColorado State Rams

    That wasn’t stonk advice
     
    BlazingRebel, steamengine and letan like this.
  49. RonBurgundy

    RonBurgundy Well-Known Member

    I got 5 shares at $40 just to jump on the meme train and 5 shares of BB at $15 because I thought that would be next.

    I'm too chicken shit to put real money into it.
     
  50. devine

    devine hi, i am user devine
    Donor
    West Virginia MountaineersChicago BullsPhoenix SunsPittsburgh PenguinsManchester CityPittsburgh PiratesSan Diego PadresBarAndGrillCoors Light

    Ok thank you. Now what did the redditors do