The great GameStop short squeeze of 2021. https://www.reddit.com/r/wallstreetbets/comments/l2wx2p/weekend_discussion_thread_for_the_weekend_of/gk8lwtb
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Bears after a green day
It’s 4:01pm. Bears solemnly log out of their devastated brokerage account, get up from their makeshift desk made up of a stack of empty Michelina’s frozen lasagna dinners, head up the stairs of their father’s basement, grab the keys to their tan ‘97 Chevy Cavalier and a cloth mask embroidered with the word “VOTE,” and drive down the street to the local gay bar for a holiday themed burlesque show.
It’s 4:01pm. Bears solemnly log out of their devastated brokerage account, get up from their makeshift desk made up of a stack of empty Michelina’s frozen lasagna dinners, head up the stairs of their father’s basement, grab the keys to their tan ‘97 Chevy Cavalier and a cloth mask embroidered with the word “VOTE,” and drive down the street to the local gay bar for a holiday themed burlesque show.
These are classic hedge fund tricks.
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
I just smashed my TV because of the SPY
I just smashed my TV in front of 30 guests at my house because of the SPY. My wife just took our crying kids and said they’re all spending the week at a hotel. This sub has ruined my life and my party. I can’t handle this anymore. Goodbye Powell. I am no longer a fan.
I just smashed my TV in front of 30 guests at my house because of the SPY. My wife just took our crying kids and said they’re all spending the week at a hotel. This sub has ruined my life and my party. I can’t handle this anymore. Goodbye Powell. I am no longer a fan.
Can you guys critique my portfolio? New investor looking for guidance
Not sure if this is the best place to post this but I just inherited 1.5M from my distant uncle and want to make him proud. Right now my portfolio I have:
10% LUCK
20% SKLZ
15% CPW
5% PLTR
50% PAIN
and 100% R.TO (RTN)
is this an ok for a beginner looking for conservative annual 37% gains?
Not sure if this is the best place to post this but I just inherited 1.5M from my distant uncle and want to make him proud. Right now my portfolio I have:
10% LUCK
20% SKLZ
15% CPW
5% PLTR
50% PAIN
and 100% R.TO (RTN)
is this an ok for a beginner looking for conservative annual 37% gains?
Wallstreetbet's Christmas break
Gonna be checking the market every chance I get while pretending to think my brother-in-law's Cards Against Humanity answers are funny.