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The assumption that this is a bunch of robin hood everyday-man sorts conspiring on Reddit seems incredibly naive. The GameStop play (as with BBB, AMC, Express,

The assumption that this is a bunch of robin hood everyday-man sorts conspiring on Reddit seems incredibly naive. The GameStop play (as with BBB, AMC, Express, etc) are classic pump and dumps, albeit with a short-squeeze magnifier (basically equal to a DDOS amplification). And if you really traced back to the origin, I highly doubt you're going to find some Joe Nobody -- you're going to find some very well financed, planned player. GameStop is a doomed enterprise in an obsolete space (selling physical copies of games), so it was incredible seeing WSB spin fantastical tales of the marvelous future ahead for it. Everyone else gets some intense FOMO that leads them to piss away their own money (you can't just buy options because options on hyper-volatile stocks price that in), and then a lot of people get burned. Everyone is running around talking about how everyone made millions from WSB tips or something, it's farce. As is always the case, a tiny number of people benefit, and a huge number of people financed their return. The whole story seems super dumb. And the SEC is likely paying very close attention. Loads of people throughout this discussion have absolutely no clue what they're talking about. What a low information crowd this is.

cbozeman 6y ago
> you're going to find some very well financed, planned player. You're going to find Dr. Michael Burry. He started buying GameStop under his Scion Capital shop back in June 2020, and /u/DeepFuckingValue on Reddit / Roaring Kitty on YouTube made the case for GameStop as far back as June of 2019. EDIT: Corrected "Mr." to "Dr.". Corrected the timeline of DFV / Roaring Kitty to the correct dates.
- mewpmewp2 6y ago
  DFV was buying GME since 2019 june though and he was making text based case long before June 2020.
  - cbozeman 6y ago
    Indeed, I got my dates wrong. Thank you for the correction!
- briankelly 6y ago
  *Dr. He got started trading his MD earnings and posting a blog about it.
  - cbozeman 6y ago
    That's right... I actually thought I had typed "Dr.". Strange! I'll make the correction.
ClumsyPilot 6y ago
"I highly doubt you're going to find some Joe Nobody -- you're going to find some very well financed, planned player." Such as? It's been a week and thousands of reporters and traders can't identify a whale moving billions? Or are you just making this up?
- joseph_grobbles 6y ago
  "Or are you just making this up?" What a funny retort. Wait, are you just making up the notion that we can "identify" whales moving billions? Do we check the central trade registry and cross reference with billionaires? Do you know how any of this works? Or are you just making this up? Unless you're the SEC, this isn't possible. Reporters can't do that, so if you're taking the absence of that evidence as evidence, you are simply ignorant.
  - ClumsyPilot 6y ago
    You can tell apart invidual retail investors vs a single whale. And there is no evidence for your theory
  - cratermoon 6y ago
    > Reporters can't do that Maybe the should be able to, then.
bobbylarrybobby 6y ago
Nobody thought GME was a good company (certainly not worth $15+ a share). They thought that the short interest in GME stock was too large, and that longing the stock could trigger a short squeeze the likes of which has never been seen. So far it seems they were right.

cbozeman 6y ago

> you're going to find some very well financed, planned player. You're going to find Dr. Michael Burry. He started buying GameStop under his Scion Capital shop back in June 2020, and /u/DeepFuckingValue on Reddit / Roaring Kitty on YouTube made the case for GameStop as far back as June of 2019. EDIT: Corrected "Mr." to "Dr.". Corrected the timeline of DFV / Roaring Kitty to the correct dates.

mewpmewp2 6y ago
DFV was buying GME since 2019 june though and he was making text based case long before June 2020.
- cbozeman 6y ago
  Indeed, I got my dates wrong. Thank you for the correction!
briankelly 6y ago
*Dr. He got started trading his MD earnings and posting a blog about it.
- cbozeman 6y ago
  That's right... I actually thought I had typed "Dr.". Strange! I'll make the correction.

ClumsyPilot 6y ago

"I highly doubt you're going to find some Joe Nobody -- you're going to find some very well financed, planned player." Such as? It's been a week and thousands of reporters and traders can't identify a whale moving billions? Or are you just making this up?

joseph_grobbles 6y ago
"Or are you just making this up?" What a funny retort. Wait, are you just making up the notion that we can "identify" whales moving billions? Do we check the central trade registry and cross reference with billionaires? Do you know how any of this works? Or are you just making this up? Unless you're the SEC, this isn't possible. Reporters can't do that, so if you're taking the absence of that evidence as evidence, you are simply ignorant.
- ClumsyPilot 6y ago
  You can tell apart invidual retail investors vs a single whale. And there is no evidence for your theory
- cratermoon 6y ago
  > Reporters can't do that Maybe the should be able to, then.

bobbylarrybobby 6y ago

Nobody thought GME was a good company (certainly not worth $15+ a share). They thought that the short interest in GME stock was too large, and that longing the stock could trigger a short squeeze the likes of which has never been seen. So far it seems they were right.