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Headhunter wrote:The hedge funds got caught in a squeeze purely because of their own greed. If they didn’t over-leverage themselves tearing apart the carcass of a dying company that employs thousands of working class people, they wouldn’t need industry collusion to bail themselves out, which in turn crushes the average trader. It’s really, really fucked.

What's the motivation with this? They picked Gamestop and now they want to do AMC etc I hear, are these Reddit peeps trying to help these dying businesses/stock or just taking the piss at summat?

I feel like a Wall Street/Trading Places double feature is in order to brush up on this shit.

Reign in Blood wrote:

Headhunter wrote:The hedge funds got caught in a squeeze purely because of their own greed. If they didn’t over-leverage themselves tearing apart the carcass of a dying company that employs thousands of working class people, they wouldn’t need industry collusion to bail themselves out, which in turn crushes the average trader. It’s really, really fucked.

What's the motivation with this? They picked Gamestop and now they want to do AMC etc I hear, are these Reddit peeps trying to help these dying businesses/stock or just taking the piss at summat?

As I understand it, people on the Wall Street bets Reddit found out which companies were being heavily targeted for shorts by hedge funds. And GameStop had like 50% more short interest than any other stock, so the hedge funds were really going above and beyond to try to drive the company out of business. But the numbers also made it clear that their position left them heavily exposed if the stock went up. So people started buying tons of GameStop, mostly out of spite for these people. Looking at a lot of these companies, it’s entertainment/old technology/outdated retail stores. So I think there’s also a “as someone in my late 20s-40s, this is the world I grew up with and it’s dying and being Amazon’d to the grave with help from these hedge funds so we’re going to get revenge”

AMC is another one the hedge funds were just eating at the carcass of, the stock traded in the 30-40 range a year or two ago and was below 5 recently. I read that what AMC was able to liquidate from the last spike should be able to keep them in business for the foreseeable future. How bout the optics of billionaires trying to put movie theaters out of business?

Headhunter wrote:

Reign in Blood wrote:

Headhunter wrote:The hedge funds got caught in a squeeze purely because of their own greed. If they didn’t over-leverage themselves tearing apart the carcass of a dying company that employs thousands of working class people, they wouldn’t need industry collusion to bail themselves out, which in turn crushes the average trader. It’s really, really fucked.

What's the motivation with this? They picked Gamestop and now they want to do AMC etc I hear, are these Reddit peeps trying to help these dying businesses/stock or just taking the piss at summat?

As I understand it, people on the Wall Street bets Reddit found out which companies were being heavily targeted for shorts by hedge funds. And GameStop had like 50% more short interest than any other stock, so the hedge funds were really going above and beyond to try to drive the company out of business. But the numbers also made it clear that their position left them heavily exposed if the stock went up. So people started buying tons of GameStop, mostly out of spite for these people. Looking at a lot of these companies, it’s entertainment/old technology/outdated retail stores. So I think there’s also a “as someone in my late 20s-40s, this is the world I grew up with and it’s dying and being Amazon’d to the grave with help from these hedge funds so we’re going to get revenge”

AMC is another one the hedge funds were just eating at the carcass of, the stock traded in the 30-40 range a year or two ago and was below 5 recently. I read that what AMC was able to liquidate from the last spike should be able to keep them in business for the foreseeable future. How bout the optics of billionaires trying to put movie theaters out of business?

If I knew what a short was this would make more sense to me

Tiggnutz wrote:

Headhunter wrote:

Reign in Blood wrote:

Headhunter wrote:The hedge funds got caught in a squeeze purely because of their own greed. If they didn’t over-leverage themselves tearing apart the carcass of a dying company that employs thousands of working class people, they wouldn’t need industry collusion to bail themselves out, which in turn crushes the average trader. It’s really, really fucked.

What's the motivation with this? They picked Gamestop and now they want to do AMC etc I hear, are these Reddit peeps trying to help these dying businesses/stock or just taking the piss at summat?

As I understand it, people on the Wall Street bets Reddit found out which companies were being heavily targeted for shorts by hedge funds. And GameStop had like 50% more short interest than any other stock, so the hedge funds were really going above and beyond to try to drive the company out of business. But the numbers also made it clear that their position left them heavily exposed if the stock went up. So people started buying tons of GameStop, mostly out of spite for these people. Looking at a lot of these companies, it’s entertainment/old technology/outdated retail stores. So I think there’s also a “as someone in my late 20s-40s, this is the world I grew up with and it’s dying and being Amazon’d to the grave with help from these hedge funds so we’re going to get revenge”

AMC is another one the hedge funds were just eating at the carcass of, the stock traded in the 30-40 range a year or two ago and was below 5 recently. I read that what AMC was able to liquidate from the last spike should be able to keep them in business for the foreseeable future. How bout the optics of billionaires trying to put movie theaters out of business?

If I knew what a short was this would make more sense to me

Trading Places has been no help so far. One dollar my ass! Might have to move on to Boiler Room.

Reign in Blood wrote:

Tiggnutz wrote:

Headhunter wrote:

Reign in Blood wrote:

Headhunter wrote:The hedge funds got caught in a squeeze purely because of their own greed. If they didn’t over-leverage themselves tearing apart the carcass of a dying company that employs thousands of working class people, they wouldn’t need industry collusion to bail themselves out, which in turn crushes the average trader. It’s really, really fucked.

What's the motivation with this? They picked Gamestop and now they want to do AMC etc I hear, are these Reddit peeps trying to help these dying businesses/stock or just taking the piss at summat?

As I understand it, people on the Wall Street bets Reddit found out which companies were being heavily targeted for shorts by hedge funds. And GameStop had like 50% more short interest than any other stock, so the hedge funds were really going above and beyond to try to drive the company out of business. But the numbers also made it clear that their position left them heavily exposed if the stock went up. So people started buying tons of GameStop, mostly out of spite for these people. Looking at a lot of these companies, it’s entertainment/old technology/outdated retail stores. So I think there’s also a “as someone in my late 20s-40s, this is the world I grew up with and it’s dying and being Amazon’d to the grave with help from these hedge funds so we’re going to get revenge”

AMC is another one the hedge funds were just eating at the carcass of, the stock traded in the 30-40 range a year or two ago and was below 5 recently. I read that what AMC was able to liquidate from the last spike should be able to keep them in business for the foreseeable future. How bout the optics of billionaires trying to put movie theaters out of business?

If I knew what a short was this would make more sense to me

Trading Places has been no help so far. One dollar my ass! Might have to move on to Boiler Room.

Never seen Boiler Room let me know if it helps i might watch it.

Tiggnutz wrote:If I knew what a short was this would make more sense to me

Short selling, an explanation. There's an example at the bottom that might help if the rest reads as greek.

Slaughterhouserock wrote:

Tiggnutz wrote:If I knew what a short was this would make more sense to me

Short selling, an explanation. There's an example at the bottom that might help if the rest reads as greek.

That was the best explanation and example I've seen so far. I dont fully understand yet but I'm getting there

Tiggnutz wrote:That was the best explanation and example I've seen so far. I dont fully understand yet but I'm getting there

It's the reverse of the "buy low, sell high" mantra that everyone knows. Basically, you sell stock you don't have, then buy it later for less than you sold it for profit. So, sell high, then buy low. Why is this allowed? Who the fuck knows, but it's a bunch of bullshit.

Slaughterhouserock wrote:

Tiggnutz wrote:That was the best explanation and example I've seen so far. I dont fully understand yet but I'm getting there

It's the reverse of the "buy low, sell high" mantra that everyone knows. Basically, you sell stock you don't have, then buy it later for less than you sold it for profit. So, sell high, then buy low. Why is this allowed? Who the fuck knows, but it's a bunch of bullshit.

So you only have to give back the stock you borrowed and if you sold it than bought it back at a lower price you get to keep the difference. Sounds shady as fuck to me

Tiggnutz wrote:So you only have to give back the stock you borrowed and if you sold it than bought it back at a lower price you get to keep the difference. Sounds shady as fuck to me

Yup. Found a funny way of explaining it:

Must be nice.

Cigarettes are the new way to drink RESPECT WOMEN JUICE, which means EVERYONE wants them. I lost it there.