Some smart person explain the GME (gamestop) thing

[Timberridge]

Do we need an agent?

I'll call the office in Wilson. You look into getting Ian Mc to play the part of "Roaring Kitty" on Reddit. I think the Jones brothers would pick this up if it had a skiing angle.

[rod9301]

Bingo. It's something they LOVE to do. Intentionally run companies into the ground so they can get rich. Maybe it's time for "Vinny" to pay a visit to the YC to go collect. I'm honestly surprised that sort of thing doesn't happen more often. Only in the movies?

They cannot run the company into the ground, ask they can do is profit from the price going down.



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[ötzi]

They cannot run the company into the ground, ask they can do is profit from the price going down.

Well, they can also lose by it going up. Funny how that works.

[Toadman]

I thought GME was going in a new cloud based biz model and the stock is actually undervalued and is worth $1k at future pie in the sky fundamentals? Aren't they going to start building batteries for TSLA? Or is that just a rumor to jack up the stock to $2000?

[Timberridge]

I didn't. Came out ahead. Not a lot, but more than I had on Monday.

Would you like to be in a movie we're doing?

[jackstraw]

No, all the reddit people are going to lose big

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Yeah, that's the thing. It's kind of funny to pull this off, but they're buying a completely overvalued stock. How many jumped in not knowing what was going on and bought on impulse because of internet chatter too?

How is the GME officers reacting to this surge in value? Sell sell sell!
https://meaww.com/game-stop-owners-f...ddit-elon-musk

[ColMan]

total market manipulation by the big boys.

Melvin (original short firm), was given $3B by Citadel (order house), Citadel processes all Robinhood orders....yeah no connection at all the why they stopped allowing retailers to buy AMC, NOK, BB, GME, but allowed the hedges to continue to buy...100% bullshit of epic proportions.
This reddit movement amazes me a bit...it shows the power of a group of regular joe can actually buck the system if they stick together. I hope change comes from all this.

Yup. Citadel is pissed and this is their payback since they basically control Robinhood after that $65M they threw their way. Glad to see that they (and other hedge funds) getting taken to the cleaners. Wake up call.

Hopefully folks also bail en masse from Robinhood so Citadel can't profit as much from their front running.

[BmillsSkier]

Would you like to be in a movie we're doing?

That’s the ticket, we’ll even crowdsource the “talent” from the Padded Room. Our costs will be minimal and our profits huge.

I’m on hold with the receptionist at CAA, she doesn’t know who the Jones Brothers are... yet. I’ve asked to speak to someone higher up the ladder.

[Iowagriz]

I found this yesterday as I was looking to learn more about this. Good info and history
https://www.youtube.com/watch?v=jg85H26wyLk

[Timberridge]

That’s the ticket, we’ll even crowdsource the “talent” from the Padded Room. Our costs will be minimal and our profits huge.

I’m on hold with the receptionist at CAA, she doesn’t know who the Jones Brothers are... yet. I’ve asked to speak to someone higher up the ladder.

Perhaps we can get that Chompfacekilla dude if Ian Mc is unavailable? Though Ian's got that 'don't fuck with me' look that I think we need.

[BmillsSkier]

Perhaps we can get that Chompfacekilla dude if Ian Mc is unavailable? Though Ian's got that 'don't fuck with me' look that I think we need.

If we can, we should also try and work Gary Busey into the script since we will need every crazy person we can get.

[skaredshtles]

If we can, we should also try and work Gary Busey into the script since we will need every crazy person we can get.

John Malkovich needs to be in there somewhere... and Christopher Walken.

[::: :::]

Sometimes 4chan troll culture will have some wins
Fucking over the assholes who want to arbitrarily tank a company for independent profit is a win if it ends in that manner

but mostly this is a traditional troll of the real world

[GiBo]

A guy on the news last night, some Wall Street 'insider' type, was all atwitter and exclaimed, "These reddit people are doing great harm to the market. This is not gambling!" Lol.

[Timberridge]

We do need some ladies in this though.
Anybody good friends with El Hefe?

[DJSapp]

GME: Day's Range 112.25 - 482.85

Woah. I thought bitcoin was volatile. This is some penny stock bullshit right here. Hopefully this triggers the SEC into making some better rules to prevent market fuckery due to shorts.

[Skidog]

GME: Day's Range 112.25 - 482.85

Woah. I thought bitcoin was volatile. This is some penny stock bullshit right here. Hopefully this triggers the SEC into making some better rules to prevent market fuckery due to shorts.

I wish I bought 25 min ago at the $126 dip.....i was waiting for $120 lol. never got there.

[Bunion 2020]

^^^ No margin on shorts would be a good start.

[BmillsSkier]

John Malkovich needs to be in there somewhere... and Christopher Walken.

Not that I disagree, but if we keep bringing on big names we likely won't be able to afford the TGR production crew. And we will lose that gritty "everyman" experience of this movement.

Steve Carell did a nice job in The Big Short though, so maybe we can't afford not to have a big name or two.

We do need some ladies in this though.
Anybody good friends with El Hefe?

True story. Hefe seems to keep good company.

[skaredshtles]

GME: Day's Range 112.25 - 482.85

Woah. I thought bitcoin was volatile. This is some penny stock bullshit right here. Hopefully this triggers the SEC into making some better rules to prevent market fuckery due to shorts.

...

[skaredshtles]

Not that I disagree, but if we keep bringing on big names we likely won't be able to afford the TGR production crew. And we will lose that gritty "everyman" experience of this movement.

Steve Carell did a nice job in The Big Short though, so maybe we can't afford not to have a big name or two.

"You've gotta speculate to accumulate, in business, like."
-Some Really Smart Sheffielder

[MontuckyFried]

I think the Jones brothers would pick this up if it had a skiing angle.

Easy. That's where the Yellowstone Club comes into play!!! For a case of PBR and an ounce, it wouldn't be all that hard to get our camera crew in to film. Hell, Bunion could probably get us into Bill Gates or Oprah's house to film the more ...ahem... "mature" scenes while nobody's home for 95% of the year.

[BmillsSkier]

I think if Oprah is added to the script we just lost half our audience.

This is about the little guy taking it to wall street, by simultaneously screwing fund managers and saving beloved 1990s retailers, as told through the eyes of the chainsmoking, shirtless masses of unemployed redditors across the Florida panhandle, as relayed through the internet chat platforms, namely, the Padded Room. Shot in 4K by the TGR crew.

[cravenmorhead]

I wish I bought 25 min ago at the $126 dip.....i was waiting for $120 lol. never got there.

"Buy the dip, pussy."

-Warren Buffet, probably.


But yeah, if the SEC is looking for places to regulate, preventing shorts as 140%+ of float seems like a good place to start.

[MontuckyFried]

I think if Oprah is added to the script we just lost half our audience.

This is about the little guy taking it to wall street, by simultaneously screwing fund managers and saving beloved 1990s retailers, as told through the eyes of the chainsmoking, shirtless masses of unemployed redditors across the Florida panhandle, as relayed through the internet chat platforms, namely, the Padded Room. Shot in 4K by the TGR crew.

No, no, no. You misunderstand. We're just gonna poach her pad (or just her hot tub) while she's not home! She's def not playing a role in this one. Unless Booner wants to be involved that is.