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The endgame here is fascinating to me. The people who got in early will suffer least when GSE finally crashes and burns. But the poor suckers who bought it at

The endgame here is fascinating to me. The people who got in early will suffer least when GSE finally crashes and burns. But the poor suckers who bought it at $150 are going to be in big trouble. They're all trying to stay strong and hold long because that's the way to make the hedge funds suffer, but the smarter ones will figure out that their only chance to not lose their shirts is to be in the earliest 5% of scabs to get out, and then it's going to be a bloodbath when everybody gets trampled running for the exit door. Meanwhile a couple of hedge funds go under while the rest just call it Tuesday.

nlitened 6y ago
> Meanwhile a couple of hedge funds go under Which means that the money the hedge funds lost is redistributed among all who held the stock. It's not that the money vanishes. That's why people hold until the hedge funds go under.
- chias 6y ago
  That's not really how the stock market works. The money does indeed "vanish" insofar as it was ever there to begin with.
  - pjc50 6y ago
    Yes. People are really not understanding unrealised gains. It went past on Twitter that the Norwegian pension fund is up half a billion dollars as a result of this, because for some reason they'd been holding Gamestop for a while. Is that going to stick? No.
- OscarCunningham 6y ago
  > Which means that the money the hedge funds lost is redistributed among all who held the stock. No, the hedge funds are being forced to buy, so their money will be redistributed to whoever sells them the stock. That won't be WSB if they keep buying,
skocznymroczny 6y ago
I bought at $350. It's all about the hodl.
- meetups323 6y ago
  I bought at 325 and sold 2/3 at 470. Now I basically can't lose money on the overall, but I'm still in it till the moon on that 1/3.
yanderekko 6y ago
>But the poor suckers who bought it at $150 are going to be in big trouble. These people could get out at this moment with a 100% return. The entire premise here is that as long as there's a ton of these short positions that need to be covered then you should have less worry about being the person who's left "holding the bag" than normal. Yes, if you hold long enough you'll regret it. And there will be plenty of people who will lose a lot of money by doing this. But you should have more confidence than normal that the floor is not going to fall out from under you in the next 24h or so.
- calyth2018 6y ago
  $468 at the peak to $196 in the span of an hour...
shawabawa3 6y ago
The idea isn't to hold forever It's to hold until the hedge funds are forced to buy at any price to close out

nlitened 6y ago

> Meanwhile a couple of hedge funds go under Which means that the money the hedge funds lost is redistributed among all who held the stock. It's not that the money vanishes. That's why people hold until the hedge funds go under.

chias 6y ago
That's not really how the stock market works. The money does indeed "vanish" insofar as it was ever there to begin with.
- pjc50 6y ago
  Yes. People are really not understanding unrealised gains. It went past on Twitter that the Norwegian pension fund is up half a billion dollars as a result of this, because for some reason they'd been holding Gamestop for a while. Is that going to stick? No.
OscarCunningham 6y ago
> Which means that the money the hedge funds lost is redistributed among all who held the stock. No, the hedge funds are being forced to buy, so their money will be redistributed to whoever sells them the stock. That won't be WSB if they keep buying,

skocznymroczny 6y ago

I bought at $350. It's all about the hodl.

meetups323 6y ago
I bought at 325 and sold 2/3 at 470. Now I basically can't lose money on the overall, but I'm still in it till the moon on that 1/3.

yanderekko 6y ago

>But the poor suckers who bought it at $150 are going to be in big trouble. These people could get out at this moment with a 100% return. The entire premise here is that as long as there's a ton of these short positions that need to be covered then you should have less worry about being the person who's left "holding the bag" than normal. Yes, if you hold long enough you'll regret it. And there will be plenty of people who will lose a lot of money by doing this. But you should have more confidence than normal that the floor is not going to fall out from under you in the next 24h or so.

calyth2018 6y ago
$468 at the peak to $196 in the span of an hour...

shawabawa3 6y ago

The idea isn't to hold forever It's to hold until the hedge funds are forced to buy at any price to close out