It’s not about fiscal policy, it’s about these people building their careers around giving investing “advice” and partying in their exclusive old-boys club and now being outperformed and even humiliated (in this case) by a bunch of working class weirdos on Reddit. Before the recent surge in active retail investing they bitched about how ETFs were destroying the market, for the same reasons.
What they want is a system where you have to use a financial advisor to invest so they can dump their loser kids in lucrative jobs where they charge 6% commissions for 2% returns.
People play by the rules and they fucking call it damage. They didn't call there quantitative trades in 08 damage. Fucking parasites. If anything they need to do a better job of what they do.
These chucklefuck boomers can suck my dick. How has society gotten to the point where we are concerned about fucking hedge funds losing out to regular people because they made retarded shorts without doing their research on the stock.
Exactly. If I lose money that is on me. The firm Citron has been wrong about almost every short, yet they are okay to release information to the public fuck him and that cunt of an anchor. At the end of the day this is the information age and it should force them to make better trades. That is on them. Just as it is on us.
B-b-but think of the Wall Street investors!!! How will they cope if they lose .1% of their net worth to a short squeeze??!? The guy who works at Wendy’s should just pay into his 401k for 60 years and retire when he’s basically dead, it’s his duty as a poor person!
I generally avoid the r-slurred wsb hype trains, but seeing the goal shift from making money to traderaping short sellers is kind of making me reconsider. Fuck that shitron asshole, I hope this cleaned him out.
It’s literally not more shortable because shorting GME currently requires a 30% borrowing fee and require 100% collateral. That’s like the opposite of a shortable stock.
Having short positions isn’t like owning shares where you can just wait for the price to go back up. If the memery pushes it too far, even for an hour, your broker will liquidate your position for you at whatever ridiculous price it’s at.
If you’re lucky and time the top you can win big. If you’re unlucky this will happen and you’ll be living under a bridge.
On the other hand TSLA’s been getting squeezed for like half a year at this point and shows no sign of stopping. A stock can rocket for a long ass time for no reason if you have people constantly shorting it because it has to crash soon.
22 comments
85 fentanyl_peyotl 2021-01-23
You know they’re seething when they’re busting out the “We need to regulate retail investors again!”
Soon it’s going to be illegal to put your money anywhere but the bank if you make less than seven figures.
48 AnnArchist 2021-01-23
You know they could stop printing money and raise interest rates but sensible financial policy would tank the stock market.
52 fentanyl_peyotl 2021-01-23
It’s not about fiscal policy, it’s about these people building their careers around giving investing “advice” and partying in their exclusive old-boys club and now being outperformed and even humiliated (in this case) by a bunch of working class weirdos on Reddit. Before the recent surge in active retail investing they bitched about how ETFs were destroying the market, for the same reasons.
What they want is a system where you have to use a financial advisor to invest so they can dump their loser kids in lucrative jobs where they charge 6% commissions for 2% returns.
21 KissingerFanBoy 2021-01-23
TIL psychology majors in dead end white collar jobs are working class.
23 Maskedrussian 2021-01-23
🚀🚀🚀🚀🚀🚀 GME
WE PLAY BY THE BOOMERS RULES AND BEAT THEM AT THEIR OWN GAME
66 __TIE_Guy 2021-01-23
People play by the rules and they fucking call it damage. They didn't call there quantitative trades in 08 damage. Fucking parasites. If anything they need to do a better job of what they do.
47 Maskedrussian 2021-01-23
These chucklefuck boomers can suck my dick. How has society gotten to the point where we are concerned about fucking hedge funds losing out to regular people because they made retarded shorts without doing their research on the stock.
31 __TIE_Guy 2021-01-23
Exactly. If I lose money that is on me. The firm Citron has been wrong about almost every short, yet they are okay to release information to the public fuck him and that cunt of an anchor. At the end of the day this is the information age and it should force them to make better trades. That is on them. Just as it is on us.
33 Maskedrussian 2021-01-23
B-b-but think of the Wall Street investors!!! How will they cope if they lose .1% of their net worth to a short squeeze??!? The guy who works at Wendy’s should just pay into his 401k for 60 years and retire when he’s basically dead, it’s his duty as a poor person!
19 __TIE_Guy 2021-01-23
No kidding. This is a once in a decade oppurtunity. How much loss porn has been posted?
14 JimieWhales 2021-01-23
God imagine if future due diligence requirements involve researching the memablility of a stock on WSB...
Related to video games in some way? Y/N
Produces chicken tendies? Y/N
Involves sucking Space Daddy's dick? Y/N
55 Eternal_Mr_Bones 2021-01-23
Watching institutional investors seethe is hilarious. I hope WSB autists take them to task.
43 Pepperglue 2021-01-23
They're calling WSB the bad guys for trying to stop them shorting a company's stock? Classic Wallstreet parasite.
27 trailerparkmalarkey 2021-01-23
I generally avoid the r-slurred wsb hype trains, but seeing the goal shift from making money to traderaping short sellers is kind of making me reconsider. Fuck that shitron asshole, I hope this cleaned him out.
11 kermit_was_wrong 2021-01-23
Tbh that stock has never been more shortable lmao - memery only goes so far.
14 fentanyl_peyotl 2021-01-23
It’s literally not more shortable because shorting GME currently requires a 30% borrowing fee and require 100% collateral. That’s like the opposite of a shortable stock.
Having short positions isn’t like owning shares where you can just wait for the price to go back up. If the memery pushes it too far, even for an hour, your broker will liquidate your position for you at whatever ridiculous price it’s at.
4 kermit_was_wrong 2021-01-23
Too bad, considering this stock is about to crash in a very near future, someone ought to cash in.
13 fentanyl_peyotl 2021-01-23
If you’re lucky and time the top you can win big. If you’re unlucky this will happen and you’ll be living under a bridge.
On the other hand TSLA’s been getting squeezed for like half a year at this point and shows no sign of stopping. A stock can rocket for a long ass time for no reason if you have people constantly shorting it because it has to crash soon.
3 JimieWhales 2021-01-23
Just buy puts not naked shorts like an r-slur.
38 Infidel6 2021-01-23
Very nice of them to act all concerned about the economy but ultimately WSB are not the ones that left the money printer running all year.
11 JimieWhales 2021-01-23
lol get fucked. inflation isn't real, treasury yields are at historic lows. Look at this chart and cry some more
Money printer go burrrrrrrrrrrrr
13 kermit_was_wrong 2021-01-23
Lmao a bunch of degenerate gamblers in here - haram