Is 'Chess.com' Trying To Rename The Bishop? The Outrage Over A Joke About Renaming A Chess Piece Explained
What Does 'Vibe Coding' Mean? The New AI-Enabled Programming Trend Explained
Who Is Chinese Scientist Jiankui He And Why Do Memes Have Him Conducting Genetic Experiments? The Contentious Figure Explained
What Is The 'Don't Touch My Pizza' Song And Who Sings It? The Viral 'Nyanwolf' Animation Meme Explained
What's Up With All The Backlash Against Tesla Lately? The Tesla Vandalism And Stock Price Crash Explained

Truth is...The $GME was rigged from the start. CHAPO.CHAT

Share Pin Download More

the game was rigged from the start robinhood porky

Origin Entry: WallStreetBets GameStop Short Squeeze

File type: png

Resolution: (1280px x 720px)

File size: 784 KB

Your wish is my command. I wish that I hadn't lost billions in shorting Gamestop. @DanbyDraws All Wait, wait, the others have to see this. That was you? АНАНАНА!! ((!!) HA HA HA HA HA!! www danby draws comics

MELTDOWNERS STOCK DIVIDEND 50 MILLION DOLLAR GME SHORT MELTDOWNERS 50 MILLION DOLLAR GME SHORT

View All 382 Images

More:

We must resist the fight

DON'T PANIC! DON'T RETREAT! DON'T SELL! MAKE THEM HURT! Game Stop & amc Together we are strong. Do not let Wall Street divide us: remain focused, ignore media lies, & hold the line!

Pin

Robinhood: “I cannot believe evil commoners are stealing from the rich.”

Robinhood O @RobinhoodApp Robinhood O @RobinhoodApp In light of current market volatility, we Let the people trade. are restricting transactions for certain securities to position closing only, including $AMC and $GME. Read 1:30 PM Mar 23, 2016 · Buffer more here. 7.1K Retweets 10.6K Quote Tweets 8. Keeping Customers Informed Through Market Volatility – Under the Hood & blog.robinhood.com Left 8:56 AM - Jan 28, 2021 - Twitter Web App 964 Retweets 7K Quote Tweets 1.6K Likes So that was a f------ lie.

Pin

A genuine plea to r/WallStreetBets

Ahoy there, maties, your good pal capitalism here! I have come with an honest plea, a plea to stop trying to bankrupt my hedgefunds! My lovely daughter here will only be able to afford one stablefull of ponies if my hedgefund goes under! She might even need to get a real job! So please, let us continue to game the market in peace! (Or we'll just get our friends to bail us out with tax money)

Pin

EUROPE BROS LISTEN UP: Today Is The Day. It's A Zero Sum Game Between Us and Melvin. You came out for us yesterday and we need you again today. Here is where you can buy GME. Good Luck, and POWER TO THE PLAYERS 🚀💎🤲 🚀

Freetrade DEGIRO |flatcx: HARGREAVES LANSDOWN Nordnet S scalable Revolut CAPITAL VAJBell SAXO BANK Youinvest IG O Swissquote Sbroker

Pin

COCK MARKET 😂😂💯💯

Thomas, I am a bit concerned about this recent stock market fiasco, Do not be alarmed William. I've handled our investments accordingly. Splendid.

Pin

disaster girl

38 Wall Street Reddit

Pin

An economic device created by the Knights that say Ni. They demand a shrubbery.

Me scrolling through reddit: I don't know what a hedge fund is, and at this point I'm too afraid to ask made with mematic

Pin

relatable

Reddit f------ over multi million dollar. companies me, who doesn't understand the stock market haha yes, die trash made with mematic

Pin

Gamestop🤑🤑🤑

IM SORRY DARLING DA REDDIT GAMERS DROVE US INTO BANKRUPTCY

Pin

RETARDS HAVE TAKEN OVER THE WALL STREET 🦍✊🦍✊ !!

GameStop Corp. + Follow NYSE: GME 347,51 usD +199.53 (134.84%) + 21 Closed: 28 Jan, 6:06 am GMT-5 Disclaimer Pre-market 499.00 +151.49 (43.59) WALL ST 1D 5D 1M 6M YTD More 400 200 25 Jan 27Jan

Pin

It's about sending a message

BABE, WILL YOU PLEASE SELL so No. We must make them pay. WE'RE MILLIONAIRES!!

Pin

Anon explains the consequences of a failed short sell

7087394-3x2-xlarge.jpg (73 KB, 862x575) google yandex tineye bing Let Me Tell You What's Happening Anonymous (ID: 8UF690VE) 01/28/21(Thu)04:26:49 No.26797983 ▼ >>26798728 >>26798855 >>26799265 >>26799590 >>26799883 >>26800194 >>26800244 >>26800291 >>26800330 >>26800943 This isn't financial advice and my opinion and analysis is presented for entertainment value, whether you have a long or short position in the market today or are just watching what's happening and trying to understand it, try to have some fun and appreciate the unprecedented historical events happening. Before making any investment assess what level of risk you can take and do your own research and find a financial advisor you can trust. At the center of the current situation in the stock market is GameStop stock. The reason GameStop is at the center is because it was a struggling business which hedge funds (large organized investment institutions) figured was going to go bankrupt, so they short sold the stock to try to make a profit (they borrowed shares of the stock and then immediately sold the stock, agreeing to deliver the stock at an unspecified date in the future, anticipating being able to buy shares later at a lower price and profit.) The short sellers who did this trade shorted over 100% of the available shares, about 140% of the float of shares were shorted when this story started picking up steam. Contrary to some media reports, this short interest hasn't been covered, its actually expanding, financhill.com reports that 250% of the float is currently shorted, meaning existing shorts actually doubled down. You might ask how is it even possible that 250% of the float got shorted in the first place. The answer should be that it shouldn't ever have been, it was extremely risky to do, it possibly was illegal to do, and it most definitely should have been illegal to do. But it happened anyways. (1) Anonymous (ID: 8UF690VE) 01/28/21(Thu)04:27:08 No.26798001 ♥ >>26798728 >>26800330 Now, back in the summer, a few smart value investors like Michael Burry of the Big Short fame and RoaringKitty on YouTube saw this level of short interest and decided to start buying stock, recognizing that the price of the shares had been artificially driven down by the high level of short interest and that the fundamental qualities of the business were actually a lot healthier than the share price reflected, so they started buying up stock. Then once these smart investors made these purchases, other people started to follow suit, either because they saw their analysis of the stock and agreed with it and bought in, or simply because they saw the stock trending in an upwards direction in bought in. Doesn't really matter. Then other events happened which drove the stock price up higher, like Chewy executives getting involved with the company and GameStop having a good winter because of the new console launches. At no point in this situation did the short interest decrease significantly, in fact its only increased relative to the float. And the price has absolutely skyrocketed during that time. Because the short sellers are contractually obligated to buy the stock back at some point, those holding the stock can essentially dictate the price that needs to be paid for it through the market. And since the short interest is so high, those obligated to buy back the stock might not even have enough money to even cover it if they started buying immediately. (2) Anonymous (ID: 8UF690VE) 01/28/21(Thu)04:28:08 No.26798054 v >>26798728 >>26800330 Now you might ask, if the funds who were short on gamestop cannot cover their obligations, what happens. Well, because they are contractually obligated, if they cannot continue to post collateral with the institutions they sold the stock short through to cover their rising debts (meeting the margin call), they will be forcibly liquidated in order to try to cover. But since they are short well over 100% of the stock, they can't cover. So even after they are liquidated, there will still be an unfulfilled obligation, which would be assumed by their prime broker. Prime brokers are investment banks who take on risks like this for hedge funds in the event that the fund makes bad trades and is forcibly liquidated. Because of the 2008 crash (when Bears Stearns failed) counterparty risk is now usually spread out, it's not assumed just by one bank on behalf of one fund, but by multiple banks to reduce the risk of any one bank failing because of bad trades made by one hedge fund. However, the level of current exposure the banks have is actually mind blowingly large, and l'll explain why. The fund who took the most prominent short position against GameStop in the media is Melvin Capital. Melvin Capital is one of the most known hedge funds that specialize in short selling. They have historically been very profitable for their clients, to the point that there is such a demand from investors (called limited partners in this situation) that the fund has turned away many clients in the past because they don't need them. This led to a rise in copycat funds who essentially just copy everything that Melvin does and get people who want to invest with Melvin but can't to invest with them. (3) Anonymous (ID: 8UF690VE) 01/28/21(Thu)04:29:16 No.26798123 v >>26798594 >>26798728 >>26800330 So if Melvin's risk is absorbed by 2 or 3 banks acting as prime brokers for Melvin, the counterparty risk for the trades made by Melvin actually spreads out to increase exposure to potentially every large investment bank which acts as a prime broker for hedge funds, because if they don't have exposure to Melvin's risk, they likely have exposure to other funds which copy Melvin. But the story doesn't stop there. Because the price squeeze on the GameStop short sellers is enormous and theoretically infinite, GameStop stock is essentially just a money printer which has continually rising value in the market. Because the value of the equity continues to increase, GameStop shareholders are able to borrow more and more money against GameStop stock on margin through their brokers. Recognizing the financial reasons why this trade has gone so successfully in their favor, many of these traders are now using either more of their money or more money borrowed against GameStop stock (which is effectively a money printer) to also buy up stock in other heavily shorted companies to also apply pressure to those short sellers. So the situation is quickly becoming one where the short sellers cannot cover even their position in GameStop let alone all of their other short positions because they just don't have enough money. As long as the stock holders continue to hold, the short sellers will not be able to meet their obligation, the value of the stock will continue to increase, the amount of money that can be borrowed against GameStop stock will increase, that borrowed money will then be used to further increase the pressure on other short sellers. (4) Anonymous (ID: 8UF690VE) 01/28/21(Thu)04:30:20 No.26798178 >>26798525 >>26798728 >>26799386 >>26799437 >>26799763 >>26799945 >>26800330 >>26800644 >>26800926 And with so many short squeeze situations simultaneously happening, it is likely that every single bank who acts as a prime broker for these different short sellers who are sold short on different stocks has exposure to all of this risk. Risk that they cannot even cover themselves. So the end result of all of this is likely going to be that every single investment bank in the country with exposure to this risk, which could be every single investment bank in the country, is forcibly liquidated. It's an even worse situation for the banks than the housing crash because in 2008 their level of exposure was actually limited, in this situation it is theoretically unlimited. Check all of the big investment bank stocks, they've all been down for several days in a row. At this point in the game, it seems very likely that they're going straight into the ground. Power to the players. (5)

Pin

+28

WallStreetBets GameStop Short Squeeze - Nothin personnel, retail investors

PROTIP: Press the ← and → keys to navigate the gallery, 'g' to view the gallery, or 'r' to view a random image.

Truth is...The $GME was rigged from the start. CHAPO.CHAT

View Gallery Random Image

+ Add a Comment

Comments (0)

There are no comments currently available.

Display Comments

Image Details

1,948 views (6 from today)

Uploaded Jan 28, 2021 at 10:07PM EST

Origin Entry

WallStreetBets GameStop Short Squeeze

Source

Tags

Claim Authorship Edit History

About the Uploader

Bilbo Swaggins

Sr. Entry Moderator

Textile Embed

!https://i.kym-cdn.com/photos/images/newsfeed/002/005/346/909.png!

Today's Top Image Galleries

My Little Pony characters

My Little Pony

Spooky Pokemon trainer

Hex Maniac

Two edits of JD Vance

J.D. Vance Face Edits

Artificial Intelligence depiction.

AI / Artificial Intelligence