OT: The OT Social Bubble Thread

[Pip]

I mean any money put into this the person should be fine with potentially losing all of it. It’ll be interesting to follow this week.

 

[WTG]

GME - GameStop Corp Shareholders - CNNMoney.com

Retail investors own only a combined 15.9% stake in Gamestop. Mutual funds own 53.32% and the rest is owned by other institutions.
The biggest winners in this whole ordeal will be Blackrock/Fidelity. Blackrock is already selling off their shares, -20.35% of their shares sold. That's what's driving the price down probably.

This whole idea that its retail investors that are doing this squeeze seems like a great big myth. But someone can correct me if I'm wrong, I'm not going to claim that I'm a financial expert (I'm not) and I'd love to hear from someone who is actually an expert in these things.

 

[EpochLink]

The markets are stable today thank goodness.
Last Friday, my TFSA And RSP mutual funds got hit with massive losses

 

[Bam19]

GME - GameStop Corp Shareholders - CNNMoney.com

Retail investors own only a combined 15.9% stake in Gamestop. Mutual funds own 53.32% and the rest is owned by other institutions.
The biggest winners in this whole ordeal will be Blackrock/Fidelity. Blackrock is already selling off their shares, -20.35% of their shares sold. That's what's driving the price down probably.

This whole idea that its retail investors that are doing this squeeze seems like a great big myth. But someone can correct me if I'm wrong, I'm not going to claim that I'm a financial expert (I'm not) and I'd love to hear from someone who is actually an expert in these things.

you are correct retail investors will never own the majority of the stock. Here is why GME could be different (however won’t be because the majority of retail investors are like yourself which is not a bad thing)

GME was shorted 140% of its float. So there are short calls on 40% shares more than available. So in theory if retail held 16% that’s 56% short calls that can’t be filled.

now depending when the calls are due this could present a big problem for the “shorts” if they need to fill the contracts.

I mean they could fill some and those people sell and you complete the lop that way but that should send the price higher.

So the theory is correct however the majority of retail investors as don’t have the balls and big money always wins. It’s a nice story but it won’t end well.

the thing to remember when doing shit like this is there is a difference playing against someone using the rules and playing against someone who can make the rules.

big money has too much power and influence to let the little retail guy win.

 

[WTG]

you are correct retail investors will never own the majority of the stock. Here is why GME could be different (however won’t be because the majority of retail investors are like yourself which is not a bad thing)

GME was shorted 140% of its float. So there are short calls on 40% shares more than available. So in theory if retail held 16% that’s 56% short calls that can’t be filled.

now depending when the calls are due this could present a big problem for the “shorts” if they need to fill the contracts.

I mean they could fill some and those people sell and you complete the lop that way but that should send the price higher.

So the theory is correct however the majority of retail investors as don’t have the balls and big money always wins. It’s a nice story but it won’t end well.

the thing to remember when doing shit like this is there is a difference playing against someone using the rules and playing against someone who can make the rules.

big money has too much power and influence to let the little retail guy win.

What if GME issues common stock though that will cover some of the float? They have financial issues right now and that money they would generate could help them recover.

 

[The Poacher]

It’s weird major new outlets in US and Canada trying to convince people that redditers are making a play for silver now. There isn’t one thread on that site say move to silver and yet a bunch of news outlets are reporting that. Guess who owns the majority of silver....

So either these news outlets aren’t doing their research or due diligence and copy and pasty articles from other news sources or they’re being paid to run these fake storeys.
Very strange though.

 

[WTG]

It’s weird major new outlets in US and Canada trying to convince people that redditers are making a play for silver now. There isn’t one thread on that site say move to silver and yet a bunch of news outlets are reporting that. Guess who owns the majority of silver....

So either these news outlets aren’t doing their research or due diligence and copy and pasty articles from other news sources or they’re being paid to run these fake storeys.
Very strange though.

You are right, I can't find anything online that it's retailers that are driving SLV up. Just unsourced articles.

 

[Pip]

Hard to know if these news outlets are knowingly pushing these lies or are just stupid enough to believe it.

 

[WTG]

Hard to know if these news outlets are knowingly pushing these lies or are just stupid enough to believe it.

I think most of them are just trying to push out a story because others are reporting on it and not actually doing any research. If you are going to make a claim that it's retailers driving the price of SLV you should actually find out how many retailers are buying SLV. It's pretty irresponsible for CNN and Bloomberg to not include any source to the claims.

I think a lot of people are jumping on Reddit for the first time and seeing a few comments and jumping on the story thinking that it's the consensus on Wallstreetbets that people should invest SLV.

 

[RandV]

It’s weird major new outlets in US and Canada trying to convince people that redditers are making a play for silver now. There isn’t one thread on that site say move to silver and yet a bunch of news outlets are reporting that. Guess who owns the majority of silver....

So either these news outlets aren’t doing their research or due diligence and copy and pasty articles from other news sources or they’re being paid to run these fake storeys.
Very strange though.

This combined with capitalism. They need to sell their stories and right now 'redditors attack Wall Street' is the hot ticket item. As it's just a vague unspecified group there is no legal entity here that can hit them back for defamation, so they don't need to worry about typical due diligence can be eased up and they can stick to the theme that's selling.

 

[Hansen]

I wonder if the Team Store would do a custom black skate Odjick #66 jersey lmao

 

[Pip]

David Booth

 

[Hansen]

More like David Oof

 

[Gaunce4gm]

The markets are stable today thank goodness.
Last Friday, my TFSA And RSP mutual funds got hit with massive losses

Have they recovered?

 

[EpochLink]

Have they recovered?

Today is fine, rest of the week who knows

 

[Gaunce4gm]

Today is fine, rest of the week who knows

I have a wealth simple trade account that I use to play around with just for fun, thinking I may buy some AMC and see what happens.

 

[WTG]

GME at 179 right now. Dropped almost $150 today.

The ship is sinking. So glad I got out.

 

[Bam19]

What if GME issues common stock though that will cover some of the float? They have financial issues right now and that money they would generate could help them recover.

They could do that however no news of that. Also their balance sheets aren’t terrible.

either was it’s a roller coast and anyone invest was trying to the lottery.

in theory it works but in practice tough beat the guys with all the money.

 

[RobertKron]

You are right, I can't find anything online that it's retailers that are driving SLV up. Just unsourced articles.

There were a TON of burner accounts and bots trying claim that silver was the next short squeeze over the weekend. Like absolutely heaps.

 

[Hansen]

 

[Captain Bowie]

Wut

 

[Hansen]

Wut

 

[WTG]

Ouch the gamestop bubble about to pop

 

[Captain Bowie]

Is that supposed to help?

 

[EpochLink]

Ouch the gamestop bubble about to pop

Fun while it lasted.