uh-oh
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So I hear the news is currently pumping up gamergate again, it seems everything bad the past decade was caused by gamergate. Gamers sure are some damn powerful people, huh.
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the sad thing is it’s become an “iwin” term, because you can’t and aren’t allowed to defend or argue against “anything” once the GamerGate card has been invoked.
Doesn’t matter how absurd or unrelated or even factual evidently valid it can be, if contrary to an invoked GamerGate card it becomes null and void.
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That’s kind of the problem with public discourse in general today. No one can be bothered with arguments and actually listening to what anyone else has to say. Just designate your opponent as part of a group, declare them subhuman and then you can dismiss anything they say and yourself as righteous for dealing with the “harassment”.
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what’s even the point of these small investors trying to duke it out with wall street/delay the inevitable ? 
even if they artificially bump up the stock, temporarily, it doesn’t change that gamestop is basically dying, losing sales; “real life money”/revenue, closing stores and not gonna be able to regain or even maintain a profit that can/will keep the shares inflated value…
is this really all based off some weird “muh nostalgia/gamer sentimentality” 
investing experts, including Royal, are worried about posts from users declaring that they are putting their entire retirement funds and life savings into the single stock today.
Veteran WSB followers understand that the sub isn’t meant as a financial advice forum. But fledgling investors, many of whom started trading on free trading apps like Robinhood during the pandemic, might not understand the intricacies of what is happening, leading to some incredibly risky bets with money they can’t afford to lose.
If you have no experience dealing with that kind of thing you will lose your money very, very quickly.
James Royal
Bankrate
“This is tremendously dangerous for retail traders who haven’t traded before,” says Royal. “The stock can drop precipitously in a matter of seconds or minutes. If you have no experience dealing with that kind of thing, you will lose your money very, very quickly.”
basically it does not sound like a good thing what’s happening.
If “Joe Average” is out there in some form of “stick it to the suits” gambling away their life savings, retirement or whatever; either in a hope of making actual bucks out of this, or just trying to support a childhood fancy, then i really freakin hope they are gonna, and know when to, pull out before the house of cards come tumbling down around them
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@Gnuffi yup, it will be tragic, but atm it’s pretty funny though, and among those smart enough to get out early, some will get filthy rich
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It has absolutely nothing to do with gamestop other than this particular stock being the vehicle for this activity. It has nothing to do with “saving” gamestop, it wont it can’t and that’s not the point. The situation is that these big hedge fund companies are in a precarious and in many ways illegal situation where they have oversold gamestop’s stocks on a future promise to buy those stocks. Gamestop stock has been under such a great pressure in this manner that it provided a very powerful potential to cause a chain reaction.
People on youtube have described it far better than I can possibly do but essentially once the “retail investors” started pushing the stock up the hedge funds who had promised to buy at certain timed points would be forced to purchase said stock at now inflated prices, further driving the stock up. The fact that they have over sold the stock, which is illegal, means that there simply isn’t enough stock to be bought which further increases the value.
The point is that the situation created by these hedgefunds were so insanely volatile that should what happened happen they were standing to bankrupt themselves. Which has happened to a decent number of them.
Further on, yes speculators that are jumping in at a now later date hoping to join in to help ruin the hedge funds or hoping to cash in on the phenomenon are doing a very risky thing. If you are actually putting your life savings into this thing then that’s a terrible idea. But of course these professional traders are going to tell you to stop ruining their playground. They should be the only ones allowed to use dirty tricks and illegal moves to steal other people’s money. They don’t like it much now that they’re getting balls are caught in a mousetrap they set up for themselves.
The gamestop’s stock value IS a bubble, everyone who was involved with starting this knows that, maybe everyone jumping in after the fact don’t understand it. The bubble will burst, it was never a point to revitalize the stock or anything, just keep it highly valued long enough to force these hedge funds to buy a stock for considerably more than they ever thought it’d ever be worth. Very soon the trend will reverse, everyone will dump the stock and it will return to be absolutely worthless. It will happen in half an instant.
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i know how it functions in practice, and that the “big guys” are probably experienced enough to not lose out/know when to cash out
but when i read things like “gamestop supporters”, “online harassment” “users posting they put their retirement/life savings”, sounds among others to me like there are more factors at play with this particular squeeze, and seems especially concerning that the “frenzy” have “Joe Average”, potentially into something they don’t much clue on/experience with, and thus unlike the experienced “retail trader” or big guys, wont pull out or know when enough is enough, and lose everything because “muh unity taking down evil wall street”, when in reality this is just wall street suits vs wall street backstreet boys, and not something “Joe Average” should ever have caught him or his retirement funds up in
… i think i forgot a period up in there somewhere 
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actually, the Robinhood etc. apps are the reason that Joe Average has been stock trading this past year, especially in the States, and especially due to COVID boredom etc.
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no that’s just the how, and doesn’t explain the extra ordinary “attention” this gamestop squeeze has gotten, “from Joe Average”(as i read it)
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Well idiots are going to be idiots and no one has any responsibility to protect them from themselves. This goes for Joe average and the scum on wall street doing dirty business which has now gotten them into trouble. When that trader app and analysts stop you from trading its’ not to protect you it’s about protecting the hedge funds. The company that made that app tried to help bail out one of the first hedge funds to get boned over this. Several more have filed for bankruptcy already from what I’ve heard.
Everyone’s looking for a “cause” to get into these days and this one has attracted a lot of people, if they go broke doing this then that’s their fault. The hedge funds going broke over this, it’s all their fault.
The thing is those hedge funds can’t “get out” as they already committed themselves to buy and they committed to buy more than is available. They can’t actually get out until everyone starts selling. At least as far as I understand it, which admittedly is not that far.
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Also looks like they had a huge percentage of naked shorts, so the shares never even existed and is illegal. People also just filed a class action suit against Robinhood for cancelling buy orders, they cancelled all mine this morning. It kind of works out though, the world got to see the game is rigged.
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Upper Echelon Games have been reporting on this event, as has many youtubers of course. This is his 3rd video on the topic just released, which touches on the things we just discussed last night. Gives a bit further insight, speculation on the future and onto a bit of a personal opinion rant, but I think it’s worth watching if you’re interested in what’s going on.
His previous 2 videos on the topic includes more background information if you’re not at all up to date on the events. Although there may very well be better sources for that information as well, but you get to find those yourself.
Though the most important part of this video I will try to sum up in case you don’t want to spend 15 minutes here. We will without a doubt see talking heads representing the the financial interests stand up and proclaim all these people rising up against wall street as some sort of undesirable “group” be it internet trolls, gamergaters, 4chan hackers, white supremacists or foreign saboteurs.
Do not believe them.
A narrative will be pushed through the mainstream media and it will be in service of wall street and it will be aimed to misinform, mislead and sow distrust within the general population.
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the thing is, even if it were the case, why would it be a bad thing. Like “why”(i know why/rhetorical) would someone competing or even “taking down wall street” be bad/wrong. Wasn’t this a “free market”? It’s “almost” like wall street gets special and preferential treatment from “the powerful” ? who ever woulda thunk it 
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