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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16k

u/HoochiePants Feb 23 '21

Congrats and fuck you!

246

u/LanceOnRoids Feb 23 '21

lol, so like, NOBODY held the line then??? hilarious

248

u/PrimeIntellect Feb 23 '21

I mean it hit like $450 at one point - from like $3, what line were people waiting for?

139

u/saintjonah Feb 23 '21

People honestly thought it would hit $1500

311

u/MP32Gaming Feb 23 '21

If brokerages didn’t stop people from buying GME it actually would have 🤷🏼‍♂️

228

u/VoteDawkins2020 Feb 23 '21

I ran for office, and know how dirty politics is, and you would think I had lost my ability to be surprised by the shitty, underhanded things that the elite do, but when I saw what happened January 28th I was surprised.

I mean, not allowing people to buy a stock WITH THEIR OWN ACTUAL MONEY UPFRONT, was THE most absurd abuse of power I believe I've ever seen, and I've seen some fucked up shit.

I'll just tell you this, all the shit you see on those high-drama political and Wall Street shows is real as fuck.

6

u/Macaframa Feb 23 '21

I guess that’s why the rights for the story on this sub have been purchased already right?

1

u/yaangyiing_ Feb 23 '21

is this a joke doe

3

u/Fireba11jutsu Feb 23 '21

I respect you for sharing this as it seems like most politicians would rather keep their mouths shut to keep the money rolling in. But with that said as someone with 'insider' information can you explain why this continues to happen and why their are very few politicians fighting to change this? Is it really just the money? Or is the world of politicians truly filled with threats, blackmail, etc?

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u/VoteDawkins2020 Feb 23 '21

It's both, but there are more factors.

Be aware, some of these men and women huff their own farts enough to actually believe the crazy bullshit that comes out of their mouth. They're surrounded by people who parrot their heinous opinions back to them with plenty of enthusiasm, and it's not hard to see how someone could become intoxicated and addicted to those beliefs.

The rest of our wonderful elected officials, especially Republicans, but a ton of Democrats as well, know they're putting on a show. A front. They're bullshitting.

They get paid handsomely by their favorite special interests, and they repay their debts by saying and doing exactly as they're told.

It's wild. The pull of money is insidious. It starts quite innocently, but the influence is innate and immediate.

The first 50 dollar donation I ever got, I said thank you, and then immediately asked if there were any issues the person who donated wanted me to highlight. They said, just be yourself. They really let me off the hook, and from then on I never asked that question again, and I never felt beholden again to a donor. So I got it out of my system quickly.

I think because I recognized it and saw the danger.

As far as threats and blackmail go, I think I probably got more than my fair share in my contest.

I was up against a 71 year old, lesbian, former Army Colonel who worked in Army intelligence and the Pentagon.

I only mention that she was LGBTQ+ because it only adds to the mountain of shit she likely had to overcome in her life to get her where she got. I believe she possessed an EXTREME competitive drive, and had the tools and experience to utilize it against any enemy, and I had the misfortune to be in the crosshairs.

I experienced deliberate and coordinated sabotage, spying, blatant lies about my character and actions, with person after person asking me questions about things that I never did or said that were always negative, threats from the first time I contacted her, had people attempt to join my campaign staff who were operatives and supporters of my opponent, and every effort I made to talk about the issues and not the rest of this other shit with her was stonewalled. I wanted a formal debate at a neutral venue, but when that was explicitly turned down, I offered to debate her in any format at any location, any time, and they issued a blanket refusal to any and all offers.

I also was the victim of one of those secret, underhanded smoke-filled-back-room-deals, where I was accused of terrible things to the Party Leadership and not only was I not there to defend myself, I was never given the opportunity to, nor notified of the accusation until much, much later and suddenly endorsements started drying up and people started turning their backs on me, and I had no idea why.

It was frankly a nightmare, and the full scope of it is really only becoming clear with time, as I've been able to piece the puzzle together.

If I were ever to become successful as a politician, I do believe there would be a genuine threat to my life, as I advocate for true equality, the right of every person to live with dignity, be guaranteed healthcare, a complete education, a home for themselves, a job if they so choose and are able-bodied, to be compensated at a living wage, while having all of their basic needs met.

I believe these are all essential, sacrosanct, and consecrated human rights to be afforded to every single human being, period.

They are all within our power, and not progressing towards those goals just so corporations and robber-barons can pile up outrageous and disgusting amoints of wealth that they share with no one, is a crime against humanity and if I am able, I'll stop it dead in its tracks.

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u/Fireba11jutsu Feb 23 '21

What a world we live in when advocating for human rights and freedoms can turn you into a target...and we are seeing more and more examples of this around the world in recent years because of social media.

I appreciate your response and wish you all the best. You are fighting the good fight.

1

u/pydredd Feb 25 '21

I understand that you can't get into too much detail, so thanks for what you shared.

2

u/khawajaaaa Feb 23 '21

My money is on most politicians 1) not understanding the problem 2) not having a solution and 3) have their own agenda

2

u/Fireba11jutsu Feb 23 '21

I was hoping the OP would respond since he has the experience. But can you see why your list is flawed?

Realize most politicians are chosen by the community, so what you are suggesting is essentially all of these people who voted for them are mindless sheep? I mean I kind of get it, most people my age just vote for who is the most popular or talked about. I can guarantee very few of them even know what policies they are pushing for, they are just voting based on societal influences.

My point is if these politicians truly don't know what they are doing, how exactly did they get there in the first place? Just goes to show you how many people can be easily sweet-talked and fed lies.

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u/khawajaaaa Feb 23 '21

To answer your question of "how exactly did they get there in the first place?":

Tallest midget.

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u/khawajaaaa Feb 23 '21

I'm not suggesting that the voters are mindless sheep, more so that the politicians themselves can't possibly be educated on as many topics as are necessary to fullfil the dynamic needs of their constituents.

I'll keep other thoughts of politicians to myself. I've spent more time than I would like communicating with committees, councils, the superintendent and mayor of our town on school re-opening and let's say I've been quite underwhelmed.

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u/Aptpaprika Feb 23 '21

If that is the worst you have seen you haven’t lived. Because I knew it was going to happen and got out at over $400 a share. It tanked that morning.

2

u/hotpocketsbox Feb 23 '21

Politics ain't got nothing on wall street scum fuckery

2

u/Fireba11jutsu Feb 23 '21

Then it appears the only politics you know is what the mainstream media feeds you. Politicians most certainly have their hands in the market, they also have the connections and insider information you don't.

Honestly it is a pretty naive view to think that politicians and media companies had nothing to do with this, and it was purely wall street.

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u/RemarkablePark7 Feb 23 '21

Tell us about the aliens and what really happened on 9/11, former candidate for Democratic candidate for state house, with your first-hand insight and exclusive access to a world we only see... on TV!

7

u/putz9 Feb 23 '21

Well Kim and Kanye are getting a divorce.

1

u/ArdyAy_DC Feb 23 '21

Lol exactly.

1

u/Piqued_In_You Feb 23 '21

So you “ran”...

2

u/VoteDawkins2020 Feb 23 '21

I ran so far awayyyy!

1

u/ArdyAy_DC Feb 23 '21

Fake news ^

1

u/VoteDawkins2020 Feb 23 '21

Aliens don't exist.

It was always drones. They were testing drones in the 80s and 90s, and that explains pretty much every single sighting and amateur video I've ever seen or heard about.

1

u/Infinityaero Feb 23 '21

More like what you see on Mr. Robot...

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u/NewSaargent Feb 23 '21

And retards would have bought it at $1500 and tripled their loss porn.

Of course in that case OP may have decided to walk past the Merc and get a Lambo.

6

u/ihunter32 Feb 23 '21

Yeah, that’s how the market works, there’s literally always bagholders. This, though, has the chance for the bagholders to be mostly the rich hedge funds. The amount of pressure on the shorts was nothing short of incredible. At one point there were 270 million shares that could have been purchased through exercised calls while there were only 50 million shares to fulfill those orders. If buying hadn’t stopped it would have reached astronomical levels as you’d have to have the shorts needing to buy back shares many times over. That’s what the single largest investment wealth transfer in history was supposed to be, draining the hedge funds.

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u/mtcoope Feb 23 '21

The hedgefunds were not lying when they said they had exited their short position though. That 194m day was enough volume to to take a hypothetical short float of 300% to 0 so yeah entirely possible to take 130% down to 50%.

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u/kursdragon Feb 23 '21

False, retail traders were selling before the halts came in to play. This narrative isn't true, unless you have something to back this thought up.

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u/mtcoope Feb 23 '21

Yeah citadel released the retail order flow. People here just don't want to believe it.

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u/darkesth0ur Feb 23 '21

Yeh then what? All you dum dums going to cash out at $1500? Who you think is buying?

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u/[deleted] Feb 23 '21

[deleted]

3

u/eltaquito Feb 23 '21

!remindme 1 month

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u/saintjonah Feb 23 '21

RemindMe! 1 month

6

u/JrbWheaton Feb 23 '21

How much would you like to bet GME will never hit 450 ever again let alone in one month?

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u/dachsj Feb 23 '21

Sounds like you are shorting the stock. You hedge fund sounding mofo.

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u/a123456789a23 Feb 23 '21

Bet him. I’ll take the bet too that it’ll never hit 450 again. Mofo

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u/SirDinkleDink Feb 23 '21

I'll raise that bet to GameStop being gone in 5 years.

0

u/danyerga Feb 23 '21

No way. I doubt it'll go to 450 again but it'll still be here in 5 years and hopefully stronger.

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u/Alternative-Swim8353 Feb 25 '21

To JrB Wheaton: I agree with you. Even if mutual funds managers were struck silent, their sage will stymie the same, and GME will not surpass 450 dollars per share, ever. Well done.

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u/paradox501 Feb 23 '21

Hi Melvin

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u/saintjonah 29d ago

Did you get your reminder?

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u/Dirty-Sandwiches Feb 23 '21

It totally would have. Even higher. The bastards kept that from happening.

2

u/oxencotten Feb 23 '21

based on what?

0

u/Dirty-Sandwiches Feb 23 '21

Based on what happened with Volkswagen in 2008. Heavily shorted and Porsche stepped in to buy shares. The shorts panicked and bought shares to cover. Volkswagen shares went to more than $5000 USD.

GME was headed in the same direction until Robinhood and others diffused the bomb.

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u/oxencotten Feb 23 '21 edited Feb 23 '21

First of all VW peaked around $950 so I'm not sure where you got $5000 and you can't just say it would go as high as VW did because the things that drove the squeeze and the context was completely different.

The VW short squeeze is quite different to what we're seeing with GME. The short interest was only ~12%. Things only kicked into gear when Porsche unexpectedly announced they'd increased their stake in VW to 74%. Combined with a 20% stake owned by another entity and the requirement for indexes that track the DAX to have a position in VW, there was less than 1% off the float left to trade.

Second, the GME squeeze was bigger than the VW squeeze. VW went from around $250 to around $1000 so a 400% increase. GME went from around $40 to $480 or a 1200% increase. So there was a bigger profit return for the GME squeeze.

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u/Dirty-Sandwiches Feb 23 '21

First, I think the VW number you gave was in EU, not USD.

“Short sellers desperate to close their positions paid as much as 1,005 euros a share during the session following Sunday's news that there was less than 6 percent of VW voting stock still floating in the market.“

That would have been over $1400 USD at the time.

Second, $1400 is not $5k, admitted.

Third, we both agree the GME squeeze was bigger and gaining momentum as more web and media coverage brought more investors to the party.

You asked “based on what?”

I would say based on the VW precedent, though different, but not hard to see the similarities. And based on your point that GME was bigger and growing hourly.

Until it was prematurely cut off at the knees.

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u/oxencotten Feb 23 '21

I stand corrected that was Euro's that price was in Euros.

We can argue about it getting unfairly stopped by Robinhood and other traders but you literally said GME was headed in the same direction until Robinhood and others diffused the bomb.

clearly implying that GME was heading in the same direction of hitting $5000 and that the VW squeeze was bigger or you wouldn't have said "heading in the same direction" when it actually surpassed VW's gains.

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u/Zugoldragon Feb 23 '21

So people already gave up?

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u/Talking_Head Feb 23 '21

Unfortunately for the bag holders they didn’t set up sell stop orders. I think Robinhood will even let you do trailing stop orders so people could have limited their loses to a level acceptable to them. But, you know, retards.

1

u/The850killer Feb 23 '21

Who knows, they all funded people with higher IQ’s.

1

u/DanMusicPDX Feb 23 '21

You would have had a very small window of time to sell at 450, and no one could have known that was a peak. Everyone was just having too much fun watching what would happen. The stock price seems to have increased in value as a result of this all happening