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Feel like I'm playing with house money now. I can hold AMC until it's green again, and if not, I'll just sue Robinhood for market manipulation. Win-win.

Yeah, but who is going to stick with Robinhood after this? It's not like institutional investors are using it. They killed their entire business model.

Wow, I can't believe Robinhood would crater their entire company to save some small hedge funds. 2021 is crazy.

Been reading it most of the afternoon. They do refer to themselves as faggots, apes, morons, etc. It's pretty self depricating. Heck, there was a super serious, long post about when to sell, and the last point was "you're probably gay" and it was like a 500 word paragraph.

Yeah. If there's one thing we can agree on, it's fuck the rich. It's pretty amazing to me that Reddit of all places is what caused us to reignite the class warfare from post Great Recession. They sidetracked us for a decade with a race war, but now it's game on again.

I'm too risk averse. Even with high 6 figures in net worth, I only put $1k in. Depending on what happens tomorrow, I may throw another $1k in, but that's it. I have a significant amount to lose if this topples the market. See the above. But I'm all for inflicting pain on these fuckers even if...

That's what I've been saying. All they've done here is made people say, "Fuck, I don't even care about the money anymore, I just want to stick it to the 1%."

Saw a post from a guy who had 25k shares of AMC for $60k in. Sold them earlier in January when it doubled. That's a half million in potential profits had he sold at the top today.

No, please don't do that. If you were really confident the market was about the collapse that'd be the play. But...just don't.

Start shorting. EVERYTHING!

I don't. Mine goes 80% C, 20% S, which is essentially total market.

Honestly, this was perfect timing for that. Not to get too politics thread here, but there are about 70+ million pissed off Americans. To do this so shortly after is just impeccable timing.

Good call. And that's a good wake up call for me, as it's my usual response to people worried about the whole economy crashing. If that's the case, it's ALL worthless. Best to just stick with my current strategy. We're both employed still, so we can buy the bear.

Yeah, that's why I left it in during covid, telling Furry timing was impossible. But I just get a bad feeling about the next week with the rest of the market getting dragged down because of GME shorts. Which is crazy to say.

I'm also super tempted to transfer half the TSP into the treasuries fund for a week. I saw the 2008 collapse coming (granted, in like 2005 or 2006), and also covid. With 2008 I didn't have enough assets to matter, but covid I just did my normal buy and hold. Feels like the downside is pretty...

That's why I asked. People keep talking about infinite losses, but we've essentially already hit that point with Melvin. They're insolvent. Bankrupt. You can't squeeze anything from this rock. So...what happens? Does the loaning holder have to cover it? Surely not, since they technically still...

I'm starting to really buy into the narrative now. Yesterday they dumped 2 billion in additional shorts because they figured they could bully the retail investors. It didn't work. Today they tried to artificially lower the value by dumping stock into it during after hours. As long as we...

So I'm curious since it seems like Melvin held the bulk of these shorts. Since they're essentially bankrupt at this point, who's buying? Like, who is on the hook here? It can't be Melvin because they're insolvent at this point. And it seems like Citron is as well, although I'm not positive about...

I think what likely happens is that the super vocal hodl people will stick it out. But they're probably the minority of WSB. The majority will get scared if GME starts climbing to $1k. They'll cash out - it will still be a bloodbath for the big money, but they'll be saved by people who are risk...

I'm honestly worried that this is going to trigger the bubble pop. The big money is having to liquidate their other positions, which is likely why we saw the market super red today. If this gets worse, and it's looking like it will, the whole thing collapses similar to 2008. Instead of hedges...

This is kind of my thinking. The upside on GME is a lot less at this point. Maybe. It could definitely shoot to the moon if enough autists hold on forever. It may also end up being the Occupy Wall Street stock that millions of Americans use to say "fuck you" to Wall Street, this time with teeth...

Well, GME is super expensive right now at like $300/share. AMC is the cheapest at around $15, with BB and BBBY I think in the $40ish range. As for what's to come? Who the fuck knows. There's definitely a short squeeze on GME, but have the funds already "hedged" their positions (not sure how to...

From reading WSB, the shorts close Friday, but they have until Tuesday. Friday might be a bloodbath, but Monday is likely where the price skyrockets. We'll see.

So essentially it needs to climb back over that number by the end of trading tomorrow to keep the squeeze going?

This is true. Bought my first car off playing East Commonlands tunnel market. Spent hours and hours and hours trading. Edit: Also, AMC almost back to $15 before AH closes.

What's that mean for us lay people?

Yeah, said this earlier or maybe yesterday. Them attacking this is a bad idea. It's just showing how the entire system really is against the average American. That's not a message you want to broadcast on every network. Just like censoring the President, this is short sighted and will be their...

I'm down like 30% on AMC, so uh, okay? My point being GME is still the short squeeze, whereas all the other meme stocks seem like a distraction.

Man, wishing I hadn't bought AMC this morning and saved my buy for GME right now as it's cratering. Just bounced from $250 to $290 again.

Reading WSB makes me think they're onto something with sticking on GME. I'm kind of stuck in AMC, so not super concerned, but I guess we'll see what happens. It's kind of moot for me personally just because even if I buy now, at best I'm looking at 300% return since it's so high already.

That's the hilarious part. Technically shorting these companies was the correct play. GME started because they were naked shorts and for well over the total value of all stock issued. At a certain point though, shorting all these meme stocks would be the right play as none of them are worth...

Didn't you see? They're going to start exploring Mars.

I honestly expect things like this to just strengthen the resolve of everyone. It shows the desperation, and that means WSB is onto something.

Forgot about Game Pass. Any news yet on EA Play or whatever other things they promised and never delivered on?

Dunno who this guy is, but fuck yes, preach it!

It's not a real tweet. Just posting memes of meme stonks.

Nice, that's what I was hoping for. Something to debunk it.

I mean, fundamentals don't fucking matter, it's a meme stock. But it makes me think this one isn't going to the moon when people realize it. May hold it for a day or two.