Rules for Thee But Not For Me

[helmsdale]

Yesterday was rumored to be the largest de-grossing in the hedge fund world to date. Forgive me if I don't shed any tears.

[helmsdale]

Yesterday was rumored to be the largest de-grossing in the hedge fund world to date. Forgive me if I don't shed any tears.

I mean, we have to remember how serious this is.

Many of these hedge fund operators will be forced either to sell their vacation property in Martha's vineyard or the Caymans. It's particularly horrendous knowing that many of them have secret families to try and feed.

How dare we let a bunch of "retarded autists" (their words not mine) roam the sacred options markets in search of "tendies".

It's gotta be humiliating when you get taken to the cleaners by people with usernames like u/potato_in_my_ass, u/tendies_on_the_moon, or u/diamond_hands_autist

[biglentil]

What's happening.

[helmsdale]

[jazz]

Yesterday was rumored to be the largest de-grossing in the hedge fund world to date. Forgive me if I don't shed any tears.

I wasnt aware this was as big as it is.

https://globalnews.ca/news/7604866/short-position-losses/ Wall Street titans lose more than US$70B amid Reddit frenzy that fuelled GameStop and others

You can bet those $2000 stimulus cheques wont be forthcoming now.

[helmsdale]

I wasnt aware this was as big as it is.

https://globalnews.ca/news/7604866/short-position-losses/ Wall Street titans lose more than US$70B amid Reddit frenzy that fuelled GameStop and others

You can bet those $2000 stimulus cheques wont be forthcoming now.

Near term options expire tomorrow.

Numerous trading platforms have eliminated customers ability to purchase GME and AMC, as well as a couple of the other "most shorted". Robinhood even shut down users ability to purchase additional shares, only allowed users to sell, and it's rumored they even liquidated some users existing shares. r/WSB is losing it's shit and now a class action lawsuit has been filed in New York against Robinhood.

It reaks of backroom shady deals and leveraged blackmail from the very hedge funds that are caught. Robinhood has said that they have secured additional liquidity, and will be allowing unrestricted trading on GME and AMC in the morning. They may have opened back up in the afterhours session...

GME stock currently is up over $100 sitting at $311.99 at the close of the after hours session. If you naked shorted this thing when it was trading in the $3 and $4 range your're going to be left wondering whether your ass is punched or bored!

[helmsdale]

From ZH article...

https://www.zerohedge.com/markets/jpmorgan-has-some-bad-news-hedge-funds-hoping-nightmare-ends-soon https://www.zerohedge.com/markets/jpmorgan-has-some-bad-news-hedge-funds-hoping-nightmare-ends-soon

For a few hours this morning it seemed that all was lost for r/WallStreetBets and their crusade to teach Wall Street billionaires a lesson, when one exchange after another banned buying in the most-shorted stocks, an unprecedented unilateral decision made by brokerages (one of which, Robinhood, is effectively joined at the hip with hedge fund Citadel, which in turn is a part owner of Melvin Capital which was destroyed by the short squeeze that Robinhood banned, so a clear conflict of interest), and one which sent GME stock as low as $112 after trading at $500 just hours earlier.

Robinhood as I said has secured the necessary liquidity to allow users to trade tomorrow, so god forbid they re-upped their shorts thinking they had won.

In order to close out their positions, if they haven't already, they'll have to either purchase off the open market for ludicrous values which the /WSB crowd has already said they could give a shit to ever relinquish, or,

if indeed there are more shorts - both synthetically or otherwise - than available shares, then the only place bearish hedge funds will get shares to cover their shorts is from the company itself. Which means that Gamestop can theoretically ask for any price (somewhat reasonable) and hedge funds will have to agree. After all, it's not GME's fault that hedge funds were so greedy they overshorted the company, which really is what all this boils down to.

[foragefarmer]

Where ever these individual investors got their money from is of no issue to me, it's just such a pleasure to see these Hedge Fund bottom feeders losing BILLIONS!

These scum bags have used cheap money to fleece the ordinary investor for years.

Now they call foul. F uck' em I say, go Reddit and Robinhood.

[jazz]

In order to close out their positions, if they haven't already, they'll have to either purchase off the open market for ludicrous values which the /WSB crowd has already said they could give a shit to ever relinquish, or,

If 5M people lose $300 bucks who cares, but if 5000 people lose $70B, well....ouch.

Those groupies will be looking for other prey after gamestop. You can easily find the stocks with the largest short positions. Gezus Blockbuster still trades.

[furrowtickler]

I bet the elite are thinking hard now about taking everyones jobs away. Looks like they created a little underground movement for people with a lot of time on their hands.

Silver is the next target. Maybe canola could be next.

Exactly that ☝🏾