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[StreetsofBeige]

Holy shit his first post of a yolo update since forever

https://www.reddit.com/r/Superstonk/s/h6zAEcPDqs

5 MILLION SHARES and 120K calls! That’s 12 million shares he can exercise if ITM. He would have 17M shares possibly for his play.

The fucking madman. He had 200k shares pre-split, so 800k shares, he bought another 4.2M. He loaded up massively since 2021.

A $210.7M play

He’s back

Fuck I'm tempted. I'm pretty much all maxed out in my investment accounts, except I got about $30,000 loose. I'm itching to see if I can get in at the open and dump it by end of day. Well see!

I never bougt GME before. But made money dabbling many times on AMC, BB and even Nokia during the meme craze.

GameStop Set to Jump as Keith Gill Post Shows $116 Million Bet

(Bloomberg) -- GameStop Corp.’s shares are set for a wild ride at Monday’s opening after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the stock.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at...

finance.yahoo.com

GameStop Set to Jump as Keith Gill Post Shows $116 Million Bet​

 

[StreetsofBeige]

Hope this gambler loses it all on this stupid nonsense

Why would you be happy if people in the markets lose money? All of us who invest in homes or stocks are just trying to make a buck.

Dont tell me youre one of those people who finds out a friend or fam member lost money in the markets and you laugh in their face.

 

[James Sawyer Ford]

Why would you be happy if people in the markets lose money? All of us who invest in homes or stocks are just trying to make a buck.

Dont tell me youre one of those people who finds out a friend or fam member lost money in the markets and you laugh in their face.

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

 

[StreetsofBeige]

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

Guess what? Most of us arent "investing" either because anything can go down except guaranteed stuff like term deposits or GICs. We just pick stocks (whether safe steady company or gamble it on a tech stock) and hope it goes up. I own shares in BNS (Bank of Nova Scotia). I just want it to go up and it pays a good dividend. I dont even use BNS for chequing or saving. I also got on the NVDA train and am up too. Really high interest rates arent good for these kinds of companies. Are these investing or gambling?

 

[Pejo]

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

Tell me your opinion on investors that shorted the stock to begin with, to drive Gamestop to close and make a shitload of money off of its closure? Is that just nice guys playing by the rules?

I know there's a lot of "ifs" left in this equation, but it could be the single biggest redistribution of wealth in our lifetimes if they're forced to cover the shorts.

 

[James Sawyer Ford]

Tell me your opinion on investors that shorted the stock to begin with, to drive Gamestop to close and make a shitload of money off of its closure? Is that just nice guys playing by the rules?

I know there's a lot of "ifs" left in this equation, but it could be the single biggest redistribution of wealth in our lifetimes if they're forced to cover the shorts.

I have no issues with the act of short selling. It is an important mechanism in price discovery and keeping markets efficient. However, if short sellers themselves are involved in fraudulent behavior and collusion, then obviously I am against that as well.

Guess what? Most of us arent "investing" either because anything can go down except guaranteed stuff like term deposits or GICs. We just pick stocks (whether safe steady company or gamble it on a tech stock) and hope it goes up. I own shares in BNS (Bank of Nova Scotia). I just want it to go up and it pays a good dividend. I dont even use BNS for chequing or saving. I also got on the NVDA train and am up too. Really high interest rates arent good for these kinds of companies. Are these investing or gambling?

The act of investing has no bearing on whether something can "go down". Yes, that's obvious. It could go to zero and still be an investment which didn't end up panning out. What is happening here is the use of options for short term speculation and/or collective collusion with a massive reddit community and using your fame to signal to others to pump the stock price. A classic pump and dump scheme using modern technology and working around the margins of what is technically legal.

 

[StreetsofBeige]

The act of investing has no bearing on whether something can "go down". Yes, that's obvious. It could go to zero and still be an investment which didn't end up panning out. What is happening here is the use of options for short term speculation and/or collective collusion with a massive reddit community and using your fame to signal to others to pump the stock price. A classic pump and dump scheme using modern technology and working around the margins of what is technically legal.

Anyone who jumps on the meme stocks knows it's a short term gamble. During the meme craze Koss I think zoomed to $60/share. It started at $2.

But the key thing is why do you enjoy seeing people lose money? When someone you know goes to a casino and loses $500, do you tell them deserved it and laugh in their face?

 

[James Sawyer Ford]

Anyone who jumps on the meme stocks knows it's a short term gamble. During the meme craze Koss I think zoomed to $60/share. It started at $2.

But the key thing is why do you enjoy seeing people lose money? When someone you know goes to a casino and loses $500, do you tell them deserved it and laugh in their face?

I don't enjoy seeing markets manipulated bordering on fraud, and it has nothing to do with being "happy" he loses money. I don't want to promote gambling and speculation period. When someone goes to the Casino and loses $500, I just hope they know that was the likely intended outcome and they received good entertainment value out of their time.