Defiant Redditors buy Times Square billboard as GameStop stock saga rages | |
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Anonymous Coward User ID: 78958101 Switzerland 01/31/2021 09:03 AM Report Abusive Post Report Copyright Violation | So a bunch of rebel gamers can suddenly afford a billboard in Times Square? Quoting: Anonymous Coward 22067365 How fucking stupid are people? These are professional traders, posing as "gamers", crashing a dying system from within. . Shares is virtually the only thing in the world you can sell that you do not own. You can't sell a car you don't own. You can't sell a house you don't own. Not the only thing. Banks can sell money which they dont own. FIAT/Fractional Reserve banking system and the banks...they are selling you credit/money - which they dont have/own (lending it from Central banks,customer accounts and multiply it because of Fractional Reserve system). And you have to pay interest for that to them |
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Indrid_Cold
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Indrid_Cold
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Anonymous Coward User ID: 79438011 Canada 01/31/2021 09:24 AM Report Abusive Post Report Copyright Violation | People are tired of a rigged system. People know it's rigged now. Quoting: Anonymous Coward 79438011 The end game begins I guess they should have been honest and found the balance. Greed is one of the 7 deadly sins for a reason. It can only end one way. |
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TheFool
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Anonymous Coward User ID: 10928243 United States 01/31/2021 10:24 AM Report Abusive Post Report Copyright Violation | It's probably a psyop to blame the peasants for the upcoming crash. Quoting: Anonymous Coward 79438011 I think that is very plausible. They've been saying for quite awhile now that the retail investors has changed how the market moves. Tesla probably wouldn't be where its at if not for retail investors. But that just goes to show how much retail investors got them by the balls. For every billionaire that's against there is another in support of us. Elon Musk or Mark Cuban for example. |
Anonymous Coward User ID: 10928243 United States 01/31/2021 10:29 AM Report Abusive Post Report Copyright Violation | So a bunch of rebel gamers can suddenly afford a billboard in Times Square? Quoting: Anonymous Coward 22067365 How fucking stupid are people? These are professional traders, posing as "gamers", crashing a dying system from within. . Shares is virtually the only thing in the world you can sell that you do not own. You can't sell a car you don't own. You can't sell a house you don't own. Not the only thing. Banks can sell money which they dont own. FIAT/Fractional Reserve banking system and the banks...they are selling you credit/money - which they dont have/own (lending it from Central banks,customer accounts and multiply it because of Fractional Reserve system). And you have to pay interest for that to them True, just imagine if everyone with small bank holdings withdrawled their accounts completely. Imagine what that would do those those with large bank holdings. The ball has been and will always be in court. The collectively as a whole what do to band together makes the world of difference here. This thread should remain pinned IMO. Also watching the WSB reddit threads its looking like 100s of billboards are going up all across the country. Not to mention other world markets are getting in on this Gamestop movement too. |
Deplorable Zenobia
User ID: 79856031 United States 01/31/2021 10:30 AM Report Abusive Post Report Copyright Violation | So a bunch of rebel gamers can suddenly afford a billboard in Times Square? Quoting: Anonymous Coward 22067365 How fucking stupid are people? These are professional traders, posing as "gamers", crashing a dying system from within. . Do you not realize that those dumbass gamers you speak of bought a bunch of shares of a stock that at $18 that went to over $500. Some of those dumbass gamers delivered bags of peanuts to gamestop employees with $100 bills taped to them. Another dumbass gamer donated $5000 to a childrens cancer hospital specifically asking the hospital to buy the patients game consoles. These dumbass gamers got my full support. I bought and traded 2 shares of GME last week for profit and I will risk again a small amount I'm willing to risk next week to help support the movement. BWHAAAA!!! Love the tidbit about Gamestop employees rcv'ing packets of 'nuts w/ Bennies taped to 'em!! WAY TO GO, that is so classy, folks!! WWH1WHA And thought struggles against the results, trying to avoid those unpleasant results while keeping on with that way of thinking. That is what I call 'sustained incoherence.' ...David Bohm “How, O Zenobia, hast thou dared to insult Roman emperors?” ...Aurelian, 44th Emperor of the Roman Empire |
TeknaBuzz
(OP) User ID: 47126876 United States 01/31/2021 11:24 AM Report Abusive Post Report Copyright Violation | The Reddit army has destroyed $3.7tn in global mkt cap this week, equal to the GDP of #Germany, as the Hedge Fund short squeeze creates contagion. Hedge Fund had to sell their long positions to fund their losses from short activities. https://twitter.com/_/status/1355789583494082561 Thanks for the pin yesterday guys! TeknaBuzz |
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GAMESTONK
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TeknaBuzz
(OP) User ID: 47126876 United States 01/31/2021 01:32 PM Report Abusive Post Report Copyright Violation | Another point that I haven't seen brought up is the fact these WSB guys have basically bailed out a few companies without a tax payer funded Government involvement. Gamestop, AMC Theaters and American Airlines have basically been bailed out. Gamestop was being driven down towards bankruptcy and I think AMC will still fail unless they do something different because of the rise of streaming movies and streaming services becoming available for new releases. I know I'd rather see a fresh new release laying in my bed in my pajamas than going to a crowded theater with over priced drinks and popcorn. American Airlines revealed plans on Friday to sell as much as $1.1 billion of stock through what is known as an at-the-market program, which allows companies to issue additional shares at market prices. The announcement came after their stock was up as much as 38% at its peak last week. Just a couple days earlier, AMC said it had raised more than $300 million through a similar program. Investment firm Silver Lake, one of the company’s main creditors, also seized on AMC’s surge to convert $600 million of bonds into equity, before selling the shares in the open market for a gain of over $100 million. [link to www.bloomberg.com (secure)] Last Edited by TeknaBuzz on 01/31/2021 01:32 PM TeknaBuzz |