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(NYPost)   Thoughts and prayers. Womp womp   (nypost.com) divider line
    More: Obvious, Stock, Keith Gill, Stock market, Reddit user, GameStop's stock price, ing Value, Massachusetts man, Wall Street Journal  
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1009 clicks; posted to Business » on 03 Feb 2021 at 2:13 PM (14 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



29 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-02-03 12:40:49 PM  
Were you more in favor of those shorting the stock, hedgefundmitter?
 
2021-02-03 1:46:27 PM  
I'm gonna sit tight until gains exceed 10,000%. Yeah, that's the ticket.
 
2021-02-03 2:16:14 PM  
Not going to click on a NY Post link, but from the URL:

No, he did not lose $13M in one day. That was a valuation on paper. What he actually had (GME stock) to start the day was still there at the end.
 
2021-02-03 2:17:32 PM  

eKonk: Not going to click on a NY Post link, but from the URL:

No, he did not lose $13M in one day. That was a valuation on paper. What he actually had (GME stock) to start the day was still there at the end.


he also sold about $14 million worth of stock before the fall.
 
2021-02-03 2:27:45 PM  
He didn't lose anything, he just gained that much less.
 
hej
2021-02-03 2:29:07 PM  
TFA says he lost "more than $13m", while also saying GME dropped by $13.6m as a whole, which unless I'm terrible at math suggests that he owned 96% (or more) of the company.
 
2021-02-03 2:32:49 PM  

hej: TFA says he lost "more than $13m", while also saying GME dropped by $13.6m as a whole, which unless I'm terrible at math suggests that he owned 96% (or more) of the company.


Share per share basis he himself owned .4% of the company at buy in.
 
2021-02-03 2:38:37 PM  
frinkiac.comView Full Size
 
2021-02-03 2:38:41 PM  
It's only a loss if you sell at a loss.

Once it's in the market, it may as well not exist until you cash it out, anything else is just numbers on a page.

May as well play an idle clicker game if you like seeing numbers go up and down and clicking things.
 
2021-02-03 2:42:37 PM  
The lazy, bullshiat factory that is the media strikes again.  Yeah, he lost 13 million on paper.  What they conveniently fail to mention is that he's got almost 14 million in cash sitting in his account, a fact that took me all of 30 farking seconds to verify.

I mean Jesus Christ.  Hey, "journalists", go to the top of the window where you usually type in a URL, type in https://www.reddit.com/r/wallstree​tbet​s, do a little bit of clicking, and THEN write your article, you bunch of worthless cretins.
 
2021-02-03 2:42:42 PM  
SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.
 
2021-02-03 2:56:59 PM  
pbs.twimg.comView Full Size


He posted this today. He's still in it. He's pulled enough he'll easily be comfortable.
 
2021-02-03 3:00:19 PM  

Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.


I could be wrong but I believe he's been buying since 2019. The SEC should also investigate all the market makers that shut down buying of these stocks all at roughly the same time while allowing sales to proceeded...
 
2021-02-03 3:00:59 PM  

mudesi: The lazy, bullshiat factory that is the media strikes again.  Yeah, he lost 13 million on paper.  What they conveniently fail to mention is that he's got almost 14 million in cash sitting in his account, a fact that took me all of 30 farking seconds to verify.

I mean Jesus Christ.  Hey, "journalists", go to the top of the window where you usually type in a URL, type in https://www.reddit.com/r/wallstreet​bets, do a little bit of clicking, and THEN write your article, you bunch of worthless cretins.


It helps if you realize that nobody considers what goes on at the NY Post to be journalism.  Not even them.
 
2021-02-03 3:22:35 PM  

edmo: I'm gonna sit tight until gains exceed 10,000%. Yeah, that's the ticket.


imageproxy.ifunny.coView Full Size
 
2021-02-03 3:32:49 PM  

surrounded by assholes: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

I could be wrong but I believe he's been buying since 2019. The SEC should also investigate all the market makers that shut down buying of these stocks all at roughly the same time while allowing sales to proceeded...


The day that looks suspicious is Jan 13.  That day GME went from ~$20/share to about $30/share and volume was abnormally high.  Before then it was pretty consistently bouncing around $18 to $22 range for about 6 months.

Fark user imageView Full Size
 
2021-02-03 3:44:20 PM  

dumbobruni: eKonk: Not going to click on a NY Post link, but from the URL:

No, he did not lose $13M in one day. That was a valuation on paper. What he actually had (GME stock) to start the day was still there at the end.

he also sold about $14 million worth of stock before the fall.


As far as I know he was just in it for the cash, so good for him.

But I notice that a lot of the high profile ride or die folks sold out as well. Stranding the naive that they convinced were all in it together. So predictable and delicious.
 
2021-02-03 3:56:40 PM  

Muta: surrounded by assholes: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

I could be wrong but I believe he's been buying since 2019. The SEC should also investigate all the market makers that shut down buying of these stocks all at roughly the same time while allowing sales to proceeded...

The day that looks suspicious is Jan 13.  That day GME went from ~$20/share to about $30/share and volume was abnormally high.  Before then it was pretty consistently bouncing around $18 to $22 range for about 6 months.

[Fark user image image 690x316]


Right. I've only recently started browsing the wsb sub (I stick to the SPAC sub mostly) so that may have been the time that the short position on GME was made public. I honestly haven't a clue.

To be honest I don't believe any one person is responsible for this; it looks like the perfect storm of the stock being shorted 100+% of float and once that info is noticed it was like blood in the water. It also doesn't hurt that Dr.Burry called it a once in a lifetime squeeze.  It turned into a feeding frenzy pretty quick.
 
2021-02-03 4:16:29 PM  

eKonk: Not going to click on a NY Post link, but from the URL:

No, he did not lose $13M in one day. That was a valuation on paper. What he actually had (GME stock) to start the day was still there at the end.


Right... And my Beanie Baby collection hasn't lost any value because I still have exactly the same number of babies....

I also notice very few people pointing this out when their positions increase in value...
 
2021-02-03 4:33:05 PM  

Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.


His pump and dump? he went all in on GameStop in 2019. And is still holding. That is a long play pump and dump. You serious right now?
 
2021-02-03 4:46:30 PM  

NoahFenze: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

His pump and dump? he went all in on GameStop in 2019. And is still holding. That is a long play pump and dump. You serious right now?


If he just held, where did the $14mm in cash come from?
 
2021-02-03 5:00:46 PM  

Moopy Mac: NoahFenze: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

His pump and dump? he went all in on GameStop in 2019. And is still holding. That is a long play pump and dump. You serious right now?

If he just held, where did the $14mm in cash come from?


You guys need to learn what pump and dump is. You can actually go to the guys social media outlets and follow him and see when he did what. He bought in, in 2019. Then held, sold some if I recall to ensure profit and continued to hold and is still holding knowing that it's done.

He never planned on the squeeze at buy in. That wasn't till much later long after his buy would have been relevant
 
2021-02-03 5:36:57 PM  
Interestingly, what turned out to be a short squeeze accused of being a pump-and-dump may turn out to be a long hold.

https://www.businessinsider.com/games​t​op-hires-former-amazon-aws-leader-as-c​to-2021-2
 
2021-02-03 5:44:03 PM  

mudesi: The lazy, bullshiat factory that is the media strikes again.  Yeah, he lost 13 million on paper.  What they conveniently fail to mention is that he's got almost 14 million in cash sitting in his account, a fact that took me all of 30 farking seconds to verify.

I mean Jesus Christ.  Hey, "journalists", go to the top of the window where you usually type in a URL, type in https://www.reddit.com/r/wallstreet​bets, do a little bit of clicking, and THEN write your article, you bunch of worthless cretins.


But that wouldn't make him look as foolish. They're the Post. They don't want people undermining hedge funds to be the good guys.
 
2021-02-03 7:35:12 PM  

Moopy Mac: NoahFenze: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

His pump and dump? he went all in on GameStop in 2019. And is still holding. That is a long play pump and dump. You serious right now?

If he just held, where did the $14mm in cash come from?


Calls I believe. His share count has stayed the same.
 
2021-02-03 9:55:17 PM  
Besides the $14M in the bank that was mentioned, he owns 50k shares with an initial investment of $53k. He's doing fine.
 
2021-02-03 10:00:18 PM  

Muta: surrounded by assholes: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

I could be wrong but I believe he's been buying since 2019. The SEC should also investigate all the market makers that shut down buying of these stocks all at roughly the same time while allowing sales to proceeded...

The day that looks suspicious is Jan 13.  That day GME went from ~$20/share to about $30/share and volume was abnormally high.  Before then it was pretty consistently bouncing around $18 to $22 range for about 6 months.

[Fark user image image 690x316]


That's the day when one of his posts gained enough traction to hit r/all and also the first time I googled gme prices. I imagine a lot of other people did too, and a lot of them bought. Lucky bastards.
 
2021-02-03 10:26:24 PM  

FleshFlapps: Moopy Mac: NoahFenze: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

His pump and dump? he went all in on GameStop in 2019. And is still holding. That is a long play pump and dump. You serious right now?

If he just held, where did the $14mm in cash come from?

You guys need to learn what pump and dump is. You can actually go to the guys social media outlets and follow him and see when he did what. He bought in, in 2019. Then held, sold some if I recall to ensure profit and continued to hold and is still holding knowing that it's done.

He never planned on the squeeze at buy in. That wasn't till much later long after his buy would have been relevant


I didn't say he did a pump and dump. I said he wasn't hodl. Because he's not hodl.
 
2021-02-03 10:28:13 PM  

NoahFenze: Moopy Mac: NoahFenze: Muta: SEC needs to see when he bought his shares and when he sold and fark him up the ass dry for his Pump-N-Dump scheme.

His pump and dump? he went all in on GameStop in 2019. And is still holding. That is a long play pump and dump. You serious right now?

If he just held, where did the $14mm in cash come from?

Calls I believe. His share count has stayed the same.


Exactly, he's not making some ideological statement by holding.
 
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