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Of course my position is falsifiable. If there is a massive prophetic doomsday, where the price of GME goes to 10 thousand, or a million dollars, and crashes t

by stale2002 5y ago

Of course my position is falsifiable. If there is a massive prophetic doomsday, where the price of GME goes to 10 thousand, or a million dollars, and crashes the world economy, then my position would be falsified. But with the prophecy predictors, the same is not the case. No matter how long goes on, with the doomsday not happening, a doomsday predictor can just make up an excuse for why the doomsday was delayed. So once again, give me a date. Surely there must be a day, where if this goes on long enough, with no doomsday, that you will admit that you got duped, and this is all nonsense. because I am happy to come back to you, on that day, to see if you are willing to take in new information, or if you will just come up with some excuse for why doomsday got delayed. See the difference between your's , and my position? With me, if the doomsday happens, then that is when I am proven wrong. For you, if the doomsday doesn't happen, for however long, you can just make up a reason for why it got delayed. Or, in other words, the doomsday is not falsifiable. > /you/ the conspiracy nut You are the one predicting a doomsday, supposedly right? Every day that the doomsday does not happen, is more evidence that I am right. Just give a date. Give me a day, when you will say "Well I guess the doomsday isn't coming". I will mark it on my calendar. If you do not give a date, then you are literally admitting that your position cannot be falsified, because you are saying that no matter how long goes by, with the million dollar short squeeze, you will not be convinced. I can be convinced. If price hits a million dollars, I was wrong. You can't be convinced, if you are unwilling to give a day when you'd admit that you got duped.

david927 5y ago
Most retail GME investors intend to hold and not set a date or trigger price. That's the strategy, actually. Institutional investors that got caught naked short selling can manipulate the price and stall but they can't stall forever -- and every single day it gets harder and harder. Will it go to $10,000? Who knows. There's a price not much above that which would crush world markets to the point where it would usher in the apocalypse. There would be intervention before that happened. Very few of these GME investors are solely trying to make some money. They see a corrupt market place and they want to take it down. The SEC could have just done its job but it didn't. They could have stopped the naked shorting. They could have curbed the corruption. They didn't. Instead an army (make no mistake) of small retail investors are buying and holding and registering their shares. You may not understand it, but this is war. And look at the vitriol. Flat-earthers? Conspiracy nut? It's funny because if I buy Netflix because I think the price will go up, no one tells me that. There are no articles saying, "Netflix's growth is over! Everyone sell! Please, God, sell!" Can you imagine the buy button (but not sell button) being turned off for Netflix for a day during a price run-up? Don't be confused. This is war. If you want a date, let's give it two years. Who knows and frankly the investors don't care.
- orf 5y ago
  Man, there’s a few of you left holding a random stock after a pump and dump you fell for faded. That’s it. That’s the reality. And somehow this has morphed into “we didn’t miss it !“, and then lastly into “this is war and we will take down the global financial system”. Total nonsense, but entertaining in a car-crash kind of way.
  - david927 5y ago
    And you say this for other positions that you don't like? Puts of $fb? Calls on $nflx? Of course not. The reality is that hedge funds engaged in illegal naked short selling, confident that they would never get caught because the SEC has essentially abandoned its role. And a group of retail investors decided simply to buy and hold registered shares of that firm, knowing that simply by doing that, they could bleed those SHFs out or force them to close their position at a much higher price. There's a lot of due diligence out there that backs that position up if you want to look -- but you don't. Here's the thing, you can like it or not like it. No one cares. However, it's worth noting that it's the only position you'll see be called names and screamed at. "Don't hold! Oh God it's been a year why are you still holding?! God! Stop! Please, stop!"
    - orf 5y ago
      You misunderstand every reply here and elsewhere. Nobody cares that you are still holding. Nobody. What you do with your portfolio is up to you. What people do care about is telling you that no, there isn’t some shadowy cabal of hedge funds with your name pinned to a wall under the heading “number one risk to the financial system”. Continue to hold, but please do understand you’re quite deep in a self-reinforcing grandiose doomsday conspiracy that makes you feel special. None of which have ever historically bore fruit, not for lack of waiting and money invested.
      - david927 5y ago
        I'm not holding. I don't own any GME stock. I've just been following the story. > some shadowy cabal of hedge funds You keep diving into hyperbole. It's just hedge funds that bought naked short positions and got caught by the market. It's pretty simple.

david927 5y ago

Most retail GME investors intend to hold and not set a date or trigger price. That's the strategy, actually. Institutional investors that got caught naked short selling can manipulate the price and stall but they can't stall forever -- and every single day it gets harder and harder. Will it go to $10,000? Who knows. There's a price not much above that which would crush world markets to the point where it would usher in the apocalypse. There would be intervention before that happened. Very few of these GME investors are solely trying to make some money. They see a corrupt market place and they want to take it down. The SEC could have just done its job but it didn't. They could have stopped the naked shorting. They could have curbed the corruption. They didn't. Instead an army (make no mistake) of small retail investors are buying and holding and registering their shares. You may not understand it, but this is war. And look at the vitriol. Flat-earthers? Conspiracy nut? It's funny because if I buy Netflix because I think the price will go up, no one tells me that. There are no articles saying, "Netflix's growth is over! Everyone sell! Please, God, sell!" Can you imagine the buy button (but not sell button) being turned off for Netflix for a day during a price run-up? Don't be confused. This is war. If you want a date, let's give it two years. Who knows and frankly the investors don't care.

orf 5y ago
Man, there’s a few of you left holding a random stock after a pump and dump you fell for faded. That’s it. That’s the reality. And somehow this has morphed into “we didn’t miss it !“, and then lastly into “this is war and we will take down the global financial system”. Total nonsense, but entertaining in a car-crash kind of way.
- david927 5y ago
  And you say this for other positions that you don't like? Puts of $fb? Calls on $nflx? Of course not. The reality is that hedge funds engaged in illegal naked short selling, confident that they would never get caught because the SEC has essentially abandoned its role. And a group of retail investors decided simply to buy and hold registered shares of that firm, knowing that simply by doing that, they could bleed those SHFs out or force them to close their position at a much higher price. There's a lot of due diligence out there that backs that position up if you want to look -- but you don't. Here's the thing, you can like it or not like it. No one cares. However, it's worth noting that it's the only position you'll see be called names and screamed at. "Don't hold! Oh God it's been a year why are you still holding?! God! Stop! Please, stop!"
  - orf 5y ago
    You misunderstand every reply here and elsewhere. Nobody cares that you are still holding. Nobody. What you do with your portfolio is up to you. What people do care about is telling you that no, there isn’t some shadowy cabal of hedge funds with your name pinned to a wall under the heading “number one risk to the financial system”. Continue to hold, but please do understand you’re quite deep in a self-reinforcing grandiose doomsday conspiracy that makes you feel special. None of which have ever historically bore fruit, not for lack of waiting and money invested.
    - david927 5y ago
      I'm not holding. I don't own any GME stock. I've just been following the story. > some shadowy cabal of hedge funds You keep diving into hyperbole. It's just hedge funds that bought naked short positions and got caught by the market. It's pretty simple.