Gamestop & now Blackberry
- Thread starter cam_blev
- Start date
I get you’re anti-establishment, and I could care less what happens to some bloated hedge fund, but I don’t get the fascination with GameStop. Doesn’t seem the financials are solid. I haven’t bought a physical game in years. Maybe they pivot to online, but it’s certainly not a sure enough thing for the stock to go 5x. So, pumping the stock is just a Anarchy play. I don’t think anyone would be happy with a completely unreliable stock market run by anarchists more so than what’s going on now. Then the whole stock market would be like Bitcoin.
I think it was a hire they made signaling they were shifting away from brick and mortar. I think it will end up costing the redditers....the hedges tend to have deeper pockets.
Maybe there is something to be said about the hedges beating up stocks and taking money away from investors via shorts? IDK. I doubt the sincerity from either side.
stock is terrible! It only pumped because internet trolls pumped it while the short squeeze was on. It is the Robinhood/Portnoy era of finance. To me it shows a clear net loss in control the powers at be currently hold. If the stock market was pure I would agree with you more but it is so manipulated and regulated that the fact that the Robinhood millennials can **** the old suits where it matter IN THE WALLET by trolling reddit is beautiful!
The stupid the establishment looks the better, the more power they establishment losses the better, the more disregard for their authority the better. And now I think its looking more and more possible that ruling elite can simply be trolled to death
Last edited:
people are finally seeing how the stock market has always been and how these hedge funds get special privileges that others do not.
The issue is that this stock speculation isn’t based in reality. These are bad companies that aren’t going to rebound. No one is going back to movies like before. People are buying games online...there is absolutely no reason to buy a physical video game any more. I’m sure soon companies will stop making them. They’ll sell them direct to the consumer. GameStop is already dead.
Maire there is some value in “sticking it to the man”, but this will end up being nothing but a fad at the end of the day. There is no inherent value in this activity. In fact, and it’s already started to happen, exchanges will simply stop trading companies that become volatile based on social media chatter. It’s actual stock manipulation....the exact thing these people think is wrong.
If anything good at all has come from the Trump presidency and it even accelerated this past year, is that people are waking up to the way this system works. Everyone knows its rigged. Governments smashed small business and big business soared, little guys take money back from the hedgefunds and then then the government steps in to protect them and bail them out. People are saying "**** THIS!!!!!" people don't want to see millions being sent over seas for gender studies, then the only people here that benefit from their stimulus checks in life changing ways, by cheating like the big players, the government steps in to tell them how they are a menace.
People will realize this system isn't designed with their best interests in mind and will start finding more ways to subvert it. This is an empire in its deaththrows.
Buy Bitcoin!!!
when they start cheating like the big players
Last edited:
Its cute how you act like stock manipulation is a new thing. The hedge fund kings and wall street titans have gotten rich iff this for decades. Now they are crying because normies handed them a fat L.
Hedgefunders make money on manipulating stock when the short so much of it...they crush those companies.
You think "the system" didn't make a fortune off Game Stop?
:joy: :joy: :joy: :joy: :joy: :joy: :joy:
And GameStop was ridiculously shorted. I guarantee another set of rich people made a fortune off this, but good for the redditors. Don't get me wrong, but amateur investors are going to take a beating in this too.
I'm not sure you grasp what's going on. No one thinks GameStop is worth their current valuation. They are making moves to catch up with the times and were so shorted the squeeze forced the explosion of stock price. The manipulation was from the hedges. After it was exposed, people (rightly) raced to make easy money.
It's like a real life, current Trading Places with less boobies.
The system is designed with our best interests in mind. The problem is, the elected officials no longer have our best interests in mind. They have theirs. They need voted out.
I understand it. I just don't see the inherent value in it other than the gotcha factor. Its certainly news. I find it interesting. But I don't think its going to fundamentally change the way the market works.
They are removing certain stocks from platforms not allowing buys and only allowing sales to try to scare these people, the market has already undergone a fundamental change
I get and agree w/ most if not all of that. I would just prefer that the nation not burn to the ground in order to change the system. There is going to be unintended consequences from this Gamstop, Bed Bath & Beyond stuff. These larger funds are going to need to sell their stakes in other stocks that are in better shape to cover their positions in these other companies that aren't in good shape...that is going to tank those other stocks and individuals investors are going to feel the affects of that more so that the big funds. They are going to sell for a profit and the downside is going to be felt by people like me and you if you unlucky enough to own those stocks.
I'm with you on Bitcoin. I got into that a few years ago and a decent level....it went 4-5x...dropped back to even...and then I sold it. I was tired of dealing w/ the volatility and got out. I should've just bought it and forgot about it. I was trying to make money off the volatility and it was a mistake. Looking for an opportunity to get back in.
Mostly agree on the second part. As for the value (and whether any changes happen) - maybe this will keep hedges from shorting viable businesses into oblivion, killing small investors. Or at least somewhat control it.
Understood. I don't see hedges shorting VIABLE businesses as a major issue, but maybe I'm wrong. For instance, it remains to be seen that Gamestop is a viable business moving forward. I don't see how it would be. They are going to get circumvented by Microsoft, Nintendo, Sony, etc marketplaces, who are going to sell these digital games direct to the consumer. There is no need for a brick and mortar middle man. So, I see nothing wrong w/ someone shorting that stock. Shorting in theory has a valid place in the market. It keeps bad companies on their toes, and alerts people w/ less access to information who own those stocks to rethink their position.
Netflix used to be a Columbia House esque Blockbuster. Doesn't mean any company can make a switch, but GameStop at least seems to be trying. Hedge funds have a huge financial motive to see them fail and leverage their power to hurt GameStop and its shareholders. I agree shorting has a role in the market, but GameStop was more than just being shorted. I'd argue the squeeze put on hedges also plays a vital role in the market. Keep hedges "on their toes".
In this particular case, both the shorting and the squeezing is way out of whack.
You're def right about Netflix. I can see the logic in that. I was not aware of the motive for the GameStop short prior to it making big news.
Elon Musk isn’t the richest man in the world. And what’s the significance of that tweet?