Stock Market: The Thread

[gotbeer]

Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position

Next up is Feb 5.  Lot's of short positions there too.  Actually, looking at each of the puts, there are a shit ton of very short, under $10 puts left.  All the way up to next year.

[gotbeer]

Hedge fund billionaire Steve Cohen leaves Twitter after family receives threats amid GameStop backlash

Threats.  Bad.  

Him flopping around.  Good.

[Lhalo]

[Brandon]

22 hours ago, Lhalo said:

 

lol@ Retard Management Co.

[Brandon]

On 1/28/2021 at 8:35 AM, Jay said:

I'm not smart enough to predict exactly what will happen on GameStop.

But I will speculate that the stock returns to its $20 level (if not lower).

The big funds will make some of their money back.

And the retail investors will be hosed.

 

Correct

[Lhalo]

[happybat4]

I was mad, but Ripple went up today 

[Brandon]

haha

 

[Lhalo]

23 minutes ago, Brandon said:

haha

 

Lol

[Lhalo]

[Lhalo]

[Lhalo]

2021 is providing a fair amount of internet comedy. 

[gotbeer]

 In case people don't know how awesome Leroy Jenkins is.  

[Lhalo]

6 hours ago, gotbeer said:

 In case people don't know how awesome Leroy Jenkins is.  

“32.33 (repeating of course)”

[gotbeer]

Looks like the short squeeze worked.

Short interest in GameStop (GME) plummeted to 39% , from 114% in mid-January

[Brandon]

10 hours ago, Lhalo said:

“32.33 (repeating of course)”

Still the greatest.

I still have hope that one day I'll open up Netflix and there will be a documentary on that dude or they interview him about the incident and how his life has changed becoming a legend.

[Taylor]

2 hours ago, Brandon said:

Still the greatest.

I still have hope that one day I'll open up Netflix and there will be a documentary on that dude or they interview him about the incident and how his life has changed becoming a legend.

 

Plot twist: He's white.

[Brandon]

1 hour ago, Taylor said:

 

Plot twist: He's white.

Meh.

Was kind of bummed to find out the whole thing was staged.

[Taylor]

47 minutes ago, Brandon said:

Meh.

Was kind of bummed to find out the whole thing was staged.

Same.

[gotbeer]

1 hour ago, Brandon said:

Meh.

Was kind of bummed to find out the whole thing was staged.

Ditto.  

[Tank]

I don’t get the references to Leroy Jenkins that have been dropped here over the years. Is this video the genesis of all of that?

[gotbeer]

Gamestop is coming back down to earth.  Now at $98.  

[St1ck]

10 minutes ago, gotbeer said:

Gamestop is coming back down to earth.  Now at $98.  

Still much higher than what it should be but yeah I would say the party is over for the WSB guys. 

[Catwhoshatinthehat]

Definitely still higher than it should be but it could still yoyo around.  Any of the WSB or others who took their earnings should be doing just fine but I'm sure there's more people now in the red.  I'll be curious to see if they can do something similar again.  Obviously there's talk about AMC, Blackerry, silver, etc. but it was a smaller group who coordinated their efforts while the number of users on that forum increased ~3x in a few days and is probably still going up. 

[Taylor]