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Comment by waheoo | Hacker News Reader

Seriously? Fuck off vice. Such shit reporting.

GME bagholders didn't do anything wrong.

Look at the candles. That isn't a short squeeze.

That is a short squeeze into a week of market fuckery at the highest level to keep it low enough hedge funds don't go out of business and get a chance to cover at something that isn't astronomical.

Yes, if they allowed it to happen it would have bought some institutions down. No I don't think that would have actually been a bad thing.

Shits fucked and the media is all about that click bait.

Silver was a complete pump and dump carried out by the media at the behest of Citadel.

- made 400% of GME, got out when I noticed the bank's weren't going to let it happen.

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I'm not convinced that you're right, but I would love the Congressional investigation to try to find out. It's hard to know what would have happened if buying hadn't been shut down, and it's still hard to understand exactly why buying was shut down by different parties. Guessing if we learn the one, we'll know the other.

I just don't believe suddenly all exchanges for the "small people" are not allowd to buy (just sell) GME stocks because of a liquidity problem at the same time.

I mean, it was not just about GME now. If it worked out, it would happen again. Now everybody knows .. the big guys just allways bend the rules and you have no chance, so you don't even try a second GME.

> I just don't believe suddenly all exchanges for the "small people" are not allowd to buy (just sell) GME stocks because of a liquidity problem at the same time.

This has the distinct flavour of QAnon esque conspiracy theories.

Let's go with: No, it doesn't.

QAnon requires you to believe absolutely insane stuff, like Anderson Cooper drinking the blood of babies. This theory would require you to believe that enormously wealthy entities would find a way to use their influence and their knowledge of the inner workings of the stock market they know like the back of their hand to prevent themselves from losing a metric shit ton of money.

I'm not saying it necessarily happened, because it would still be awfully hard to hide your tracks and there'd be hell to pay if you failed, but those two conspiracy theories are definitely on different levels of 'hard to believe'.

I mean the flavour of the conspiracy and the way it’s playing out. There’s always a certain date where apparently Trump will save the day, or the Squeeze will happen, and yet we continue to pass that ever shifting goalpost. Adherents to the conspiracy seem unfazed and just get sucked deeper into it as they see the event not happening as further evidence of the conspiracy.

Ah, I think that's a quite different aspect than the comment you were replying to was referring to, though.

There definitely still are people that expect the "rocket to start any minute now", and a lot of those might also believe that they were stopped from making a ton of money by evil forces -- that might be loosely comparable to a cult like QAnon. But that doesn't mean that there aren't some reasonable questions to be asked about the strange occurrences on the stock market last week.

Yeah probably, it was just what immediately struck my mind.

As far as strange occurrences, I doubt we’ll ever have a satisfactory answer given how much of the market is now run by black boxes.

First, I did not trade GME at all, second, I'm not on reddit, I just was ther the last week a couple of times, and I'm far, really far from QAnon. It's just my own opinion, made by myself. Because there are no public data about the whole thing in the background, sadly now one ever can proof anything true or false.

>Silver was a complete pump and dump carried out by the media at the behest of Citadel

I think citation is needed for the Citadel connection.

I'll agree that something incredibly weird happened with silver. It wasn't just medium-obvious reddit bots pushing it on WSB, but major outlets like CNBC and drudgereport suddenly going all in with silver coverage too.

Honestly I'd prefer someone investigate the silver angle more than gamestop, even though it was wildly less successful that GME manipulation. It looked better coordinated.

Agree, when the mass media and my uncle knows about it is time to cash in. Bitcoin and GME

> Yes, if they allowed it to happen it would have bought some institutions down.

Aren't the hedges involved insured to the tune of Trillions (USD)?

I might be wrong but... I don't think hedge funds are insured against losses like that. They're generally pretty secret about theur strategy and insuring against losses would mean disclosing them and getting the insurers permission to change them, as well as a hefty premium...

conspiracy. theories.

Not really, most of it can be explained by everyone acting in their own self interest.

We got fucked by big money and big media. That's all.

You got fucked because you are retail investors gambling money on single stock and trying to predict the market. You have no idea what you're doing.

What do you mean they don’t know what they’re doing? They read that DD on wsb by someone who read someone else’s DD who read someone else’s DD. That was all legit, right? Right?

Plus GME is very low value company. Driving the price up doesn't change the value and price tends towards value over time...

There is an argument the shorts were driving it down below it’s intrinsic value. This story wasn’t about intrinsic value - it was about the shorts overextending themselves without a backup.

Why does that even matter?

Do you think Tesla is worth what it trades for?

Nobody is mad they bought in at 400 and are now sitting at 50. They're mad because they bought in at 150, were promised a squeeze, and when it happened the market makers stepped in and pulled the fucking rug out.

People are mad because the game is rigged and there is no free market. It's just bullshit. It literally proved the whole premise of "the movement"

Tesla isn't Gamespot. Gamespot is a company selling physical video games. And we're in the middle of a pandemic which will probably impact that industry for a couple more years. Not that it wasn't dying already.

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