[karmakaze]

I read the article expecting that it might be very one sided. What I found was that in seemed incomplete perhaps but pretty balanced.

> And if you were lucky enough to get into GameStop days or weeks ago, you should seriously consider selling. At a minimum, sell enough to recoup your initial investment. Because not everyone who made big paper profits will see those gains realized.

That could if I was a conspiracy theorist, serve the interests of the firms, but if individuals put in money they can't afford to lose and are up multiples, selling just enough to cover the initial buy seems very sensible advice.

What the article doesn't cover is the revolution that many small fish that are coordinated can outweigh the decisions made by the few sitting at a proverbial table. Even those with deep pockets discovered that they are not in control and reached levels of risk they couldn't weather.

How disconnected from reality of using the stock market as money making vehicles rather than investing in the success of underlying companies is what's on display and needs to be shaken up.

[monopoledance]

> buy seems very sensible advice.

It is. However, I think the situation right now is a prisoner's dilemma where this type of "snitching" means most people will lose. If nobody sells, a lot of people will win and the hedgefonds will lose.

The hedgefonds are very much trying to provoke "sensible" decisions at all costs right now. They need people to be predictable and afraid.

> How disconnected from reality of using the stock market as money making vehicles rather than investing in the success of underlying companies is what's on display and needs to be shaken up.

This. WSB isn't the problem, they just highlight it. The naked shortselling is the malicious part. The hedgefonds weren't just speculating against GME, they were inducing Gamespot bankruptcy. That is fucked up. That shouldn't be allowed. Nobody should be allowed to bet on someone losing, especially if they got all-powerful money at their hands. I think most people just don't realize how much a billion dollars really is: More than 1,600,000 stimulus checks. And they game with it like it's nothing.

[tom_mellior]

> The hedgefonds weren't just speculating against GME, they were inducing Gamespot bankruptcy.

Could you elaborate on how this was supposed to happen?

[monopoledance]

I can try from my limited understanding I gathered in the last few days.

They pick stocks of companies struggling, which only need a little push. Mostly their financial powers means they can speak self-fulfilling prophecies, I think. "Advice" stock holders. But they also can "attack" stocks directly teaming up, like the short ladder attack we've seen the last few days. Bad press and media manipulation do the rest. Crashing a stock probably means influencing the companies liquidity and if they don't make profit at the moment, that may be the end. Or one of their friends buys then the majority of the company's shares. You know, mafia shit, but with numbers.

Overall you can ask yourself: Is it a good idea to allow anybody speculating on someone's loss, when they got enough financial power to make everyone jump?

Respective bankruptcy hugely increases the win on betting against a stock, since they don't have to buy back the shares they borrowed. They arrogantly went all in on GME, business as usual... or so they thought :)

Just to make this clear, I don't buy into the narrative of wealth redistribution as those profiting are probably in the top 1-2% anyway. But I like to see some of these assholes losing a lot, maybe someone going to prison over this. And well Gamestop and AMC just got a second life in this game. If they get their shit together, they will have a more epic "almost bankrupt" story than Apple.

And who know, maybe this will unite people under the clear view who their real enemies are, that it's neither ethnicity, culture or religion dividing them; all their struggles are caused by billionaires playing God.