I think this whole situation is just glorious. I've been engrossed in this whole mess for a couple of weeks now.
There is so much rich comedic material here but the one that sticks out is Wall Street's bumbling attempts to shift the narrative on Reddit and Reddit just keeps humiliating them whenever they try. Like this whole silver nonsense which is a pathetically transparent attempt to divide the GME gang.
Hedge fund raises a whole army of bot accounts to spread disinformation about how now is the time to sell GME and buy silver? That's fine - Reddit will screenshot their user details showing the account is less than 24 hours old and spammed the exact same comment 400 times across different subs in less than a minute.
Hedgies sell the same stock bundle to each other at ever decreasing amounts to try and push the price down and trigger panic buying? (known as a 'ladder attack') No problem, a redditor will just post the trade volume in a screenshot showing that its a quarter of what it normally is, meaning no panic buying is taking place.
But the one that really hits home how little Wall Street understands their opponent is the Hate Holders. These guys went in when the price was $150-$350 a share for as much as they could afford and they're posting shit like "This money is GONE I will never see a DIME from it, my goddamn GRANDKIDS WILL INHERIT THIS STOCK I will never EVER sell because every single second I hold it my buddies make more bank and the hedge funds bleed just a little bit more SEE YOU IN VALHALLA!!!" and that's honestly so fucking amazing and brave.
I've heard financial pundits in their $3000 dollar suits with their rugged jawlines and perfect coiffes concern trolling about how "The average Joe is gonna be left holding the bag!" Like no shit dum-dum, they know exactly what is going to happen, they are in fact VOLUNTEERING to hold the bag, fully aware, eyes wide open because the money doesn't matter to them, they want to hate fuck you and this is the closest they're ever going to get to doing it.
They waited for YEARS for Wall Street to be held accountable for the carnage in '08 only for Saint Obama to let them off the hook and tell the world that "no crimes have been committed." They've waited for months for stimulus cheques that haven't come. And in one fell swoop the perfect storm was created for average people to right both of these wrongs through communication, teamwork and guts and its just fucking incredible and great.
Can you imagine a hedge fund offering to jump on a live grenade to save the market? Of course they wouldn't. And that's why theyre losing. These money worshipping parasites with THOUSANDS OF YEARS combined financial and market knowledge are getting outmanouvered by a gang of plucky losers who grew up on MMOs and MMA and understand two things: the power of online co-operation and assymetric matchups.
It wouldn't occur to any of these Armani wearing fuck sticks to be anything other than a DPS character in an MMO. Never mind that a DPS character is screwed without tanks, healers and crowd control to do their thing.
These fuckos probably watched Khabib drop McGregor and drew the conclusion that Khabib was the better stand up fighter - never mind that Khabib could only do that because McGregor couldn't use 80% of his stand up game due to Khabibs takedown threat.
Our generation watched Matt Hughes learn just enough BJJ to negate his weaknesses and protect his strengths so he could beat Royce Gracie on the ground.
So when I hear these media fucks talk about redditors being clueless and being taken advantage of, and too ignorant and inexperienced to trade properly I just laugh.
They don't need to know how the ENTIRE market works - just this specific situation! They don't need to have a deep understanding of how shorts work to understand "Me hold good for me, bad for you!" right now. They have just enough knowledge (which has been given to them by people who DO understand all of it works and have gladly shared for mutual benefit) and that is MORE THAN ENOUGH to fucking Bury these hedge funds.
From most of the accounts I've read this week is gonna be SPICY by Friday so grab your popcorn and buckle up.
. No joke.
