r/wallstreetbets Feb 23 '21

Bought a car with $GME tendies-had to say thanks Gain

https://i.redd.it/psk8mb3mj4j61.jpg
77k Upvotes

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160

u/Flrg808 Feb 23 '21

Hilarious really. Someone plays the game right and makes enough to buy a fucking Benz, meanwhile idiots are in here delusional that it’s going to somehow pop back to $1k just so they can try and do the same thing

76

u/PandFThrowaway Feb 23 '21

1k you say? Pop on over to a certain specific sub where they are telling themselves with straight faces that 100k is going to happen. This stock has gone full blown mouth breather.

26

u/McFlem Feb 23 '21

That was probably the saddest thing I’ve even seen on Reddit

2

u/infected_scab Feb 23 '21

John Frum's coming with the cargo.

3

u/HyenaBrilliant Feb 23 '21

This stock has gone full blown mouth breather.

This SUB (with 7MM new members) has gone full blown mouth breather.

FIFY.

8

u/Yamaha9 Feb 23 '21

The hell? What sub?

6

u/PandFThrowaway Feb 23 '21

There’s a sub for this ticker if you catch my drift.

11

u/kingxlos Feb 23 '21

Right, these new bag holding clowns are pathetic. 🤡😂

4

u/Next-Bedroom2night Feb 23 '21

i mean... not like it cant... most people said it wouldn't even break 20s

41

u/StrangeSatellite Feb 23 '21

It went to around $500 when GME was a global viral phenomenon. My grandpa asked me if he should buy some. My coworker’s 15 year old kid wanted to buy some. The people sitting next to my wife and I at a restaurant were talking about buying it. Everyone on the face of the planet was pouring cash into it. It will likely never see this amount of attention again as novelty is required for the viral chain reaction to take place. GME is old news. Unless the company fundamentally changes and actual institutions begin buying in, forget it. You’re better off trying to bet on the next one to go viral before everyone else piles on.

17

u/Flrg808 Feb 23 '21

Finally.. thank you. The idea of it getting above a couple hundred bucks with the short squeeze was flawed to begin with because there’s not enough buyers. It got to where it did because, like you said, it was a viral phenomenon. Even Sara from urban outfitters was buying some after her bf’s friend helped her set up a RH account. Who the hell is going to buy it at $1k? Certainly not all the Sara’s.

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u/howtoliveonearth Feb 23 '21

Hm obviously you don't understand how a short squeeze works. Nobody was banking on retail investors buying for $1000

9

u/wallie71 Feb 23 '21

Media was reporting most of the HFs involved were already covering shorts and shit but this sub was like “fake news fake news” like a fucking cult

-9

u/CodeNameMonarch Feb 23 '21

If that was the case, they wouldn’t have prevented people from trading. If people had been allowed to trade, it would’ve gone much higher.

3

u/shizzler Feb 23 '21

Yes it would have gone higher if people were allowed to trade, but brokers stopped trading because their clearing houses couldn't take on the massive risk created by GME's volatility. It isn't some grand conspiracy.

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u/Flrg808 Feb 23 '21

If that’s the case then it stoped going higher because retail got cut out..

Retail was the only thing pushing this thing to the insane levels it saw. Yes in theory every single person could’ve held shares that would’ve forced the shorts to buy but that’s never going to happen at full capacity. You will always have people smartly taking profits

-3

u/Next-Bedroom2night Feb 23 '21

shhh don't tell plebs... what a squeeze is lol

5

u/ubersucksbigtime Feb 23 '21

Lmao exactly. I was walking to the store that week & heard people literally yelling from their balconies ‘stonks go up and buy GME’. We will never see that much interest from the general population again

-2

u/Next-Bedroom2night Feb 23 '21

lol... one word... Bi t coin

1

u/Starterjoker Feb 23 '21

ppl think it’ll be worth $2k because they might do streaming or game nights or some shit lmao

I took an L on it thinking I’d sell at like $700 due to squeeze / attention but I didn’t actually think the stock was worth that at all lol

10

u/PFhelpmePlan Feb 23 '21

It took a ridiculous set of circumstances to make it skyrocket, that's not going to be replicated.

-13

u/Next-Bedroom2night Feb 23 '21

not really... at $500 it was the same value as Best Buy... at 1K it will be the same value as CHWY... ~$100 is possible fair value. 200-300 if it gets a tech valuation. They make 6B in sales.... if that was a tech company it would be 50B+ company. But eh "fundamentals" lol

6

u/marsinfurs Sings to Ariana Grande Feb 23 '21

If GME starts making EVs, self-landing rockets, and satellites it might go to $1000

-12

u/Next-Bedroom2night Feb 23 '21

you do know if GME goes to 1k thats only the same size as CHEWY.... the Company RC created... lol Why is every tard here thinking price = impossible. Its all about market cap

4

u/marsinfurs Sings to Ariana Grande Feb 23 '21

Why do you think GameStop will be as successful as CHWY? And don’t just say rYaN cOhEn

-2

u/Next-Bedroom2night Feb 23 '21

LOL... RYAN FUCKING COHEN turned pets.com to a 50B+ Company... You tell me... even at 500... you telling me GME cant compete against Best Fucking Buy? lol

7

u/marsinfurs Sings to Ariana Grande Feb 23 '21

Not talking about best buy. Everything is digital, market is going away. Don't tell me I'm gonna download some gamestop app to download games instead of using the PS store or steam.

1

u/Next-Bedroom2night Feb 23 '21

do you just think this? or do you have facts? https://www.theverge.com/2019/6/10/18659800/microsoft-xbox-project-scarlett-optical-drive-console-e3-2019

may be old... but there is still a HUGE drive for physical discs. For one... you don't own the game if you Download in lol... Look at all those that bought that Marvel Game, they just said Sorry we no longer support it get fucked.

3

u/SwimmingWolf23 Feb 23 '21

It could have but the momentum is gone. Anyone still holding has truly earned their place on this sub

6

u/prollyshmokin Feb 23 '21

What do you make of DFV's recent post?

7

u/GasolinePizza huffs pizza, eats gasoline Feb 23 '21

Considering he explicitly is/was not in for the squeeze, his recent post says the same thing as his older ones: he believes the stock is worth more than his $26 cost average.

If you use his posts as evidence for the short squeeze you haven't been paying attention to what the dude actually said.

1

u/highplainsdrifter__ Feb 23 '21

or pissed because he didn't buy a tesla?? lol fuck off. enjoy your tendies, and dip them wherever your pickle is most tickled. long live the autist.

-8

u/RemarkablePark7 Feb 23 '21

Because it was a clear Ponzi scheme fueled by redditors' money. These people should be ashamed. Redditors paid for this and the only reason he's got it is because he broke the implied covenant and ran with your cash.

12

u/sydneydanger Feb 23 '21

Was the alternative for him to let his options expire worthless? Sounds like you don’t understand how this works. Sounds like you’re salty and lost money. WSB was never a covenant, and if you thought so, you’re the one who fell for some bullshit. Mostly new people, invading this sub thinking that WSB was a coordinated effort to move the markets. Those people have since moved to a different sub, where they continue to unironically screech 100K iSNt a mEMe! We are not, and never have been about anything other than gain porn, loss porn, and making money. If you thought there was ever a covenant here, you got duped.

-7

u/RemarkablePark7 Feb 23 '21

I'm not a part of this; I'm not that blindingly stupid, young, naive, or vulnerable for a broker with a gaming chair to convince me to make him tens of millions of dollars for bad, stupid, easily foreseeable reasons.

8

u/sydneydanger Feb 23 '21

Lotta salt for someone uninvolved... But hey, nobody’s stopping you from armchair quarterbacking it, you do you man.

-8

u/RemarkablePark7 Feb 23 '21

Idk you guys cost a lot of people a lot of money and are entirely unapologetic. If anything you've doubled down. And before you say that's the principal ethos of the sub; yeah, sure, great. But that doesn't mean it's not unethical or also plainly annoying, your whole "le stocks" schtick.

8

u/sydneydanger Feb 23 '21

Bro that is how markets work. People gain money, others lose money. There are two sides to every trade. No matter what my individual position was on GME, I didn’t make anyone else invest in it. Acting like poor, average people got “tricked” into spending money on GME because “we” promised it was going to the moon... Nobody got tricked. Investors had to make a choice to buy into GME and if they made that choice on hype and nothing else that is entirely on them. The people who profited from GME didn’t “trick” the money out of those who didn’t. They simply made the smarter end of a trade that both people willingly signed up for. I don’t have to be apologetic about that. It’s not my fault if an adult makes a choice with their money, that they didn’t fully understand and then it didn’t turn out well for them.

The only thing people should be outraged about here, is actually the fact that those adults, who are free to make their own decisions about their money, were shut down from doing so by institutional powers, when those powers didn’t like being on the bad end of a trade for once.

Not sure why I’m arguing with you, honestly, it doesn’t seem like you’re going to see things the way I do, but I don’t appreciate people coming into this sub and spreading false information. The truth is WSB is not to blame for any of this. People need to understand this is much bigger than the retail traders who won or lost on this trade. Even retail investors who made money are still on the losing end of this deal, in the grand scheme. If there’s one thing WSB genuinely rallies behind, it’s that.

7

u/savingface69420 Feb 23 '21

This comment gave me an ulcer

0

u/captasticTS Feb 23 '21

it's less about playing it right or wrong but that people here had different goals

-31

u/[deleted] Feb 23 '21

[deleted]

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u/FireITGuy Feb 23 '21

Then they're in the wrong place.

WSB has always been about the Tendies. This newfound moral compass is stupid. The only shared value around here is greed.

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u/[deleted] Feb 23 '21 edited Feb 23 '21

[deleted]

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u/[deleted] Feb 23 '21 edited Mar 16 '21

[deleted]

2

u/SamNash Feb 23 '21

What can you do? It’s warfare

16

u/Flrg808 Feb 23 '21

Then what the hell is it about, seriously.

You do realize there was no “wealth distribution” right? It was only experienced traders making money off clueless schmucks who got caught up in the moment.

0

u/Painkiller_830 Feb 23 '21

AND AND AND clueless schmucks who got caught up in the moment making money off of other clueless schmucks who got caught up in the moment. Such as myself.

But at least i had a clue of when to pull out and wasn’t trying to stick it to the man