Is Gamestop the end of finance / markets / IB
Based on what happened, it seemed that the market swing for Gamestop was legal??? and that people can rally like that for stocks like gamestop, amc, etc. to go up because of the inflated market demand.
This has single handedly brought billions of capital to the hands of the "poorer" 99%, and enough capital to manipulate the markets more. What's to stop them from picking more stocks, and using that capital to generate artificial demand to pump up more stocks? Am i missing something, or is this going to just get to a point where stocks are no longer based on their profitability and earnings, but on how high on r/wallstreetbets it gets? Where's the loophole where I'm mistaken where these r/wallstreetbets can't just do this for every stock out there
Huge bubble behaviour, has to pop at some point despite fed’s seemingly endless liquidity injextions
No you fucking nitwit, it's the end of stupid & illegal buyside endeavors until it's out of collective memory. For the next decade+ there will not be another stock that is naked shorted 100%+.
Idk why this got MS, you're right. After what happened to Melvin I highly doubt anyone will get that greedy again
Eh, I have no doubt it'll happen again, but not under the current set of laws/regs & while it maintains its place in public memory. Someone, someday will think they can outsmart the world again
Pour one out for the bankers stuffed in a room 15 hours a day with no shoot at getting these $gme, $bb, $amc trades approved by compliance.
Yes goy, you work for WallStreetBets now.
Short? You'll have an army of yolo-ers looking to bust you within the hour.
All bubbles have to pop eventually - meme stock picking will only accelerate the collapse
can someone explain the stock pricing, why doesn't a company lets say APPLE who have been performing well go shoot up or is at a higher price, compared to these companies who have no value
Because Apple is a 2.4 trillion dollar company with a huge float and not a lot of short interest. Every swinging dick with a stimulus check could pile into their stock and it won't make a damn bit of difference. You interned in S&T?
People are buying a ton of GME and other stocks like it because they are being shorted a ton by HFs (and Apple is not shorted by nearly anyone), and if the price increases enough those short sellers will be squeezed out of their positions, hence the term short squeeze. When their short positions are squeezed enough, the HFs or whoever has to buy shares to cover the margin they took out to hold a position if there’s a margin call, or simply to satisfy whatever commitments they have in order to hold their short position. This will then further jack up the stock price, so it’s a bit of a feedback loop where the redditors jack up the price by buying shares, which then results in a short squeeze, which then results in the HFs having to buy shares, which all results in the price increasing. This isn’t a trade based on fundamentals at all, it’s simply realizing who is carrying too much risk and how to capitalize on that. The crazy part is that a bunch of redditors are doing it to institutional investors, where in most circumstances those HFs are supposed to be the guys offloading risk to the village idiot, whoever that might be at a given time.
Laughed out loud at title... Take a chill pill (xan) and relax man.
HAHA
it's over for wall street
Found the monkey humping a doorknob
Hey,
Equity markets are made for firms to be able to raise capital.If people want to save shitty firms because they associate them with childhood memories, then shitty firms will be saved.
Interesting idea : Stimulus-> Robinhood->Gamestop/AMC/Carnival etc... -> More jobs for those that need them -> economic recovery.
In my opinion, the market is doing exactly what it is supposed to do. The tech bubble was a bubble and it popped. But it served it role in enabling tech firms to raise capital and get exposure. Though tesla and a lot of EV/Hydrogen/Renewables are overvalued, people want to give capital to firms that have projects they deem useful to society. In fact, the degree to which a stock is overvalued reflects how much people like the project and the ideas to an extent.
Honestly, if the only thing you can do to justify and investment is dividing one number by the other and say this is low then I don't see why my 8 year old sister couldn't do your job. Its an art, not a science. I know people who can net 100% annualized by looking at charts and high-flying PMs who can't explain to my father why they haven't been able to beat the S&P in the past 3 years.
Sir, this is casino.
67 shares @ 20.54
None of these firms get this capital unless they issue a follow-on round of equity at the newly inflated price....
Now if you’re an employee with options, then, yeah you’ve made a nice payday.
I'm happy these autistic redditors have found a hero in themselves instead of looking for one to come and save them.
yeah this is the end of IB and every other job in finance. my bank just fired EVERYONE
That aged like milk
“Where's the loophole where I'm mistaken where these r/wallstreetbets can't just do this for every stock out there?”
A - Intelligence
lol this post aged like a half finished protein shaker that was left in the truck of the car all summer
You have to be joking right?
Recusandae totam molestiae repellat ipsam. Rerum nulla voluptate quia sunt quisquam sit. Laborum pariatur ipsa fugit ea est.
Blanditiis voluptas voluptatum cum. Quis sed vel quia quisquam esse accusantium dignissimos. Eos dolor ab blanditiis dolores libero et dolor ipsum. Cupiditate nostrum quibusdam eum blanditiis impedit iure repudiandae libero. Atque ut sed dolores quisquam tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Numquam ad asperiores porro possimus itaque. Earum quasi unde labore ut saepe. Molestiae sit est maxime dolor ea aut ut. Sunt officia eos omnis numquam.
Quia quo inventore modi sed sed voluptatem. Itaque perferendis eum odit facere quo id. Impedit neque aliquam repellendus ut et praesentium nam. In sapiente vero reiciendis est aut. Voluptas esse esse laudantium voluptatem sit neque. Sed et at est explicabo omnis dolore eum. Vitae distinctio at distinctio.
Ut quam quasi eum qui quos quam dignissimos. Aspernatur dolorem et vitae in aperiam at. Hic nisi aliquam quos ab provident est. Inventore atque saepe similique sed. Delectus ad excepturi voluptas impedit ipsa. Esse a nihil accusamus odio nulla. Minus eos neque velit nesciunt sint.
In culpa tempora molestiae aspernatur. Ad corporis inventore vitae qui omnis eos enim. Eligendi ab excepturi est aut et excepturi. Harum illum provident qui illum temporibus quia.