How Reddit Brought A Multi-Billion Dollar Hedge Fund To It's Knees

[Noliberals4]

was expecting it to blow up yesterday and it didnt. i was in on anticipation of that and then got out again

i could be totally wrong but i have a suspicion all this is gonna blow over by next week and it tanks

Once it hit $500 Thursday it was over.

[_zman]

Lol. https://www.snopes.com/fact-check/wt...ism-insurance/ . You ever hear about the WTC bombing (1993)? Yes, purely "fortuitously" covered terrorism, the internet picture said so must be true

I took the pic straight from Snopes. It's just one very small piece of the pie. I suggest reading the Snopes info and other publications, but you'll leave with more questions than answers, unless you want to discount everything to sleep better of course. University of Alaska Fairbanks did an analysis on Tower 7 too http://ine.uaf.edu/wtc7

[McdsBrah]

Got in at $21.90 and out at $320. I made enough to pay off my house and then some, I'm happy. Didn't have balls of steel to hold through the weekend and it was driving me nuts. Checking WSB, checking GME every few min. I'm happy, set myself up well and I can just invest in safe ETFs now.

[Krackerjacked]

Got in at $21.90 and out at $320. I made enough to pay off my house and then some, I'm happy. Didn't have balls of steel to hold through the weekend and it was driving me nuts. Checking WSB, checking GME every few min. I'm happy, set myself up well and I can just invest in safe ETFs now.

Congrats dude! That’s awesome

[RWC5113]

Got in at $21.90 and out at $320. I made enough to pay off my house and then some, I'm happy. Didn't have balls of steel to hold through the weekend and it was driving me nuts. Checking WSB, checking GME every few min. I'm happy, set myself up well and I can just invest in safe ETFs now.

Repped.
Congrats brah!

[nn586]

Got in at $21.90 and out at $320. I made enough to pay off my house and then some, I'm happy. Didn't have balls of steel to hold through the weekend and it was driving me nuts. Checking WSB, checking GME every few min. I'm happy, set myself up well and I can just invest in safe ETFs now.

Fckn phaggot, diamond hands or bust





















jk gjdm

[smashedurgfx10]

Got in at $21.90 and out at $320. I made enough to pay off my house and then some, I'm happy. Didn't have balls of steel to hold through the weekend and it was driving me nuts. Checking WSB, checking GME every few min. I'm happy, set myself up well and I can just invest in safe ETFs now.

Gjdm srs

Out of interest how did you find out about the stock/opportunity ?

Do you browse reddit and just decide to take the plunge ? I want to hear more about these things before the blow up so I can minimise risk

[BigBallsMcgee]

the sub reddit has gone up from 2.2M to 6.7M in less than a week, both political sides for the most part agree that this stinks of BS, and many are locking arms holding the line still goin strong. I think they will keep holding until the they bleed them completely dry. srs. Possibly once in a lifetime situation here with the perfect storm of a short squeeze to turn the tables on Wall St, I don't think people are going to fold easily. People see through the BS and all the dirty tricks they are trying to pull.

We shall see though.

Something better happen fast or else this will collapse. The winners were those who got in early and sold already thanks to the sheep.. The sheep are late to the game hoping for this massive spike in price and once they get impatient they'll sell fast

[BigBallsMcgee]

Gjdm srs

Out of interest how did you find out about the stock/opportunity ?

Do you browse reddit and just decide to take the plunge ? I want to hear more about these things before the blow up so I can minimise risk

It's impossible to know until after it happens.

There are people talking up stocks and coins and everything all the time. You can't invest in them all hoping one will hit, cause its impossible to tell.


Anyone who threw money at gamestop hoping it would explode got really lucky, its like putting it on black 13 and hoping it hits.

Most of the gains so far aren't even due to the theory being true, it's due to more idiots buying in late driving up the price

[Steavie]

Something better happen fast or else this will collapse. The winners were those who got in early and sold already thanks to the sheep.. The sheep are late to the game hoping for this massive spike in price and once they get impatient they'll sell fast

There are still a whole lot of short positions. When they buy, GME will skyrocket.

[nn586]

Something better happen fast or else this will collapse. The winners were those who got in early and sold already thanks to the sheep.. The sheep are late to the game hoping for this massive spike in price and once they get impatient they'll sell fast

we shall see, we are in uncharted waters in history rn

[FFailed]

I read on Reddit that he cashed out $13,000,000 so far.

It shows right there in the picture how much he cashed out.... lol

[moosik85]

Got in at $21.90 and out at $320. I made enough to pay off my house and then some, I'm happy. Didn't have balls of steel to hold through the weekend and it was driving me nuts. Checking WSB, checking GME every few min. I'm happy, set myself up well and I can just invest in safe ETFs now.

Gjdm

The idealist in me would’ve held out till the whole corrupt system collapsed

The realist would’ve taken the money. Even though your still playing by their societal rules at least you aren’t a mortgage debt slave anymore

[nn586]

https://www.reddit.com/r/wallstreetb...are_right_now/


fckn lmao

[BetaAsPhuck]

https://www.reddit.com/r/wallstreetb...are_right_now/


fckn lmao

These guys don't play!

Never piss off internet retards with time and money.

[smashedurgfx10]

https://www.reddit.com/r/wallstreetb...are_right_now/


fckn lmao

mad respect to that guy

what would be even more win is if he financed it with the profits from GME lol

[McdsBrah]

Gjdm srs

Out of interest how did you find out about the stock/opportunity ?

Do you browse reddit and just decide to take the plunge ? I want to hear more about these things before the blow up so I can minimise risk

Went full retired and threw a bit of money at it from what u/deep****ingvalue said. There's also the bull thesis thinking it'll grow with Ryan Cohen at the wheel turning it into everything gaming like he did with chewy.

[JChippy]

Went full retired and threw 36k at it from what u/deep****ingvalue said. There's also the bull thesis thinking it'll grow with Ryan Cohen at the wheel turning it into everything gaming like he did with chewy.

No risk no reward. Sometimes the most outlandish plays pay out, sometimes the safest ones **** you.

welcome aboard!

[ProteinEnough]

Went full retired and threw 36k at it from what u/deep****ingvalue said. There's also the bull thesis thinking it'll grow with Ryan Cohen at the wheel turning it into everything gaming like he did with chewy.

No risk no reward. Sometimes the most outlandish plays pay out, sometimes the safest ones **** you.

How will taxes work with your short term capital gains though?

[sugalump5]

was expecting it to blow up yesterday and it didnt. i was in on anticipation of that and then got out again

i could be totally wrong but i have a suspicion all this is gonna blow over by next week and it tanks

People including myself held through a 480 to 100 dip, at this point we pritty much in it all the way. I forsee this going huge unless they do some more illegal trickery.

[DrinkingBull]

Originally got in at 38 and DCA'd up to a 75 avg per share.

Got out on Thursday at 360 when Robinhood stopped allowing people to buy. This is the first time I've hit it big on a trade like that. Couldn't stomach watching thousands of dollars appear and disappear in minutes. Also I didn't get chit done at work this week.

Kudos to you diamondhand motherfukkers still in it. I hope it pumps another 10x or 20x. Don't get caught holding bags though

[luckyboy23]

I hate to be the one who bursts everyone's bubble... Tours over boyos. Everyone whose still high on all this crap is doing the exact same chit that happened when the BTC bubble burst. The chase is over. People cashed out. Dudes made millions and are out.

They called timeout Friday morning, they set their gameplan, and they're back in control. You're not gonna beat them at their own game.

[KingSWRV]

To break this down for everyone who is worried or wants to know what to expect in the coming week:

AMC current status (30JAN2021) :
AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us)

Now what everyone is waiting for is when shorted shares expire and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that.

Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short will expire in 0.5 trading days (Monday)

So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher.

But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover.

Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher.

Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday


1. HOLD
2. Buy more on Monday if you can afford it because it’s going to violently rise
3. Enjoy the ride until AT LEAST Thursday evening when all the shorts expire and the price is at it’s highest.

[Trillical]

To break this down for everyone who is worried or wants to know what to expect in the coming week:

AMC current status (30JAN2021) :
AMC has 44.6 million shorted shares and a grand total of 52 million shares. That means 86% of shares are shorted (by hedge funds) and 14% are being longed (all of us)

Now what everyone is waiting for is when shorted shares expire and they (hedge funds) have to cover what they bet on. Keep in mind not EVERY share will expire on Monday. So we MUST hold beyond that.

Today’s target (1/29) was to beat $8.63 (what hedge funds were betting it would be come Monday) and we did that closing at $13.29! AWESOME. This short will expire in 0.5 trading days (Monday)

So Monday when they’re forced to cover ($8.63) they will have to buy it at its current price to cover their bet. Raising the price up even higher.

But this isn’t even the best part. All of their other shorts are SIGNIFICANTLY lower. There are 9 different short stocks between $1.98-$5.96. Some of those shorts are 1.9 days away (Tue) 2.5 days (wed) 3.2 days (Thur) so the longer you hold, the higher the price gets and the more they have to cover.

Over the next few trading days it is going to be a vIolent squeeze. We are at the starting line of what GME did. Hold your ground. Gains Monday are inevitable. But the gains on Tuesday-Thursday will be much higher.

Short squeezes are historic: and to give you an example Volkswagen had a 46% short at $6 share price which squeezed to $110 a share back in 2008. AMC is at 84% short at $13 The percentage is significantly higher and there’s a lot more room to grow. On the high end we’re talking the possibility of hitting $150-200 a share if everyone is smart and holding until Thursday


1. HOLD
2. Buy more on Monday if you can afford it because it’s going to violently rise
3. Enjoy the ride until AT LEAST Thursday evening when all the shorts expire and the price is at it’s highest.

Repped, holding on to 42 shares atm, might get some more monday

btw wouldn't it make sense if these hedgefunds guys just buy up all the shares while its low? whats stopping them from paying someone x amount of millions to buy the shares while its low?

[nn586]

I hate to be the one who bursts everyone's bubble... Tours over boyos. Everyone whose still high on all this crap is doing the exact same chit that happened when the BTC bubble burst. The chase is over. People cashed out. Dudes made millions and are out.

They called timeout Friday morning, they set their gameplan, and they're back in control. You're not gonna beat them at their own game.

Shut up bitch

[entropy91]

Repped, holding on to 42 shares atm, might get some more monday

btw wouldn't it make sense if these hedgefunds guys just buy up all the shares while its low? whats stopping them from paying someone x amount of millions to buy the shares while its low?

That would drive up the price of their shorts. They can buy some stock to hedge their short position.

[KCBadBoy]

You show me a paycheck stub for 72k, i'll quit my job right now and come work for you.

[IronFeta]

Have no GME now but thinking of buying a few poverty shares on Monday.

[BetaAsPhuck]

You show me a paycheck stub for 72k, i'll quit my job right now and come work for you.

I heard some stupid chit, I don't know... I didn't even wanna bring it up... It's just stupid.

...That you married your cousin, or some stupid chit.

[Vindicate]

Have no GME now but thinking of buying a few poverty shares on Monday.

AMC , join on the ride