Ohio Chatter

r/wallstreetbets and the market

Serious Business
justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 11:34 AM

I know next to nothing about stocks and day trading and whatnot, but I've been following along with this on twitter and it looks like redditors are putting the hurt on a few hedge funds. 

Anyone know what the long-term effects of this are? I assume a shitload more regulation as only the big guys should be allowed to manipulate the market. Can't have the plebs think they have any sort of power.

justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 11:37 AM

lol. of course it's white supremacy according to Vice. What isn't?
justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 11:42 AM

NASDAQ is threatening to halt trading over social media chatter.
justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 11:55 AM

justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 11:58 AM

Here's a thread explaining it:
sportchampps Senior Member
7,527 posts 36 reps Joined Nov 2009
Wed, Jan 27, 2021 12:14 PM

I’ve been following this it’s been crazy to watch
geeblock Member
1,123 posts 0 reps Joined May 2018
Wed, Jan 27, 2021 12:40 PM

Overvaluing GameStop by 9 billion dollars what could go wrong 
Laley23 GOAT
33,369 posts 133 reps Joined Nov 2009
Wed, Jan 27, 2021 1:01 PM

Kinda watching from overhead.
justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 1:20 PM

justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 1:31 PM

Biden is looking into the situation now. Must've had some large donors call him in a panic.
justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 3:29 PM

justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 3:43 PM

ptown_trojans_1 Moderator
8,788 posts 20 reps Joined Nov 2009
Wed, Jan 27, 2021 3:56 PM
posted by justincredible

My early 2000s self loves this...


What an odd funny, and somewhat alarming story. Interesting to watch as a lay person for sure. 
like_that 1st Team All-PWN
29,228 posts 321 reps Joined Apr 2010
Wed, Jan 27, 2021 3:57 PM
posted by justincredible

Gamestop and Build a Bear bring the most lulz.
justincredible Honorable Admin
37,969 posts 250 reps Joined Nov 2009
Wed, Jan 27, 2021 5:14 PM

Build-a-Bear is hilarious. Love seeing Nokia and BlackBerry on the list. 
gut Senior Member
18,369 posts 117 reps Joined Nov 2009
Wed, Jan 27, 2021 5:18 PM

Classic short squeeze.  Big institutional investors will do this from time to time, and it doesn't require any sort of collusion.  All it takes is too much short interest in a stock, the big funds bid up the price and hope short sellers capitulate, which drives up the price even more as they try to buy [even more] scarce shares to close out their position.

Short sellers are critical to an efficient & liquid market.  My guess is these reddit idiots thought the short sellers were hurting Gamestop.


LOL, and then there's Tesla.  How is it that two of the richest people in the world (looking at you, too, Bezos) made all that money off companies that don't make money?
gut Senior Member
18,369 posts 117 reps Joined Nov 2009
Wed, Jan 27, 2021 5:19 PM
posted by justincredible

Build-a-Bear is hilarious. Love seeing Nokia and BlackBerry on the list. 

How is Blockbuster still traded?  I think they have 1 store left, globally.  Although I know they had a mail-order business, and possibly even a streaming service.
QuakerOats Senior Member
11,701 posts 66 reps Joined Nov 2009
Wed, Jan 27, 2021 5:58 PM

Love a great short squeeze .......especially if it involves David Einhorn getting  cleaned
Fletch Member
0 posts 3 reps Joined Nov 2020
Wed, Jan 27, 2021 6:11 PM

Blockbuster still around?  I have a video to return.
gut Senior Member
18,369 posts 117 reps Joined Nov 2009
Wed, Jan 27, 2021 6:31 PM
posted by QuakerOats

Love a great short squeeze .......especially if it involves David Einhorn getting  cleaned

Daniel Loeb is the best.  That reddit thread most likely contains a young Daniel Loeb (possibly the OG, too).

https://y0ungmoney.blogspot.com/2015/03/before-dan-loeb-became-famous-he-was-mr.html

His battles with the original cuckoo for cocoa puffs founder of Overstock.com were highly entertaining!
geeblock Member
1,123 posts 0 reps Joined May 2018
Wed, Jan 27, 2021 8:06 PM

Looks like Twitter is going to ban the posts so we’ll see if people who were fine with the Trump ban are fine with bans on stock posts 

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