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Slavoj Žižek: What the wallstreetbets story tells us

spectator.us

11–13 of 13 posts

Re: Slavoj Žižek: What the wallstreetbets story tells us

#11

I probably deserve to get downvoted for this but the same way Trump got kicked off of Twitter for spreading misinformation, I kind of wish r/wallstreetbets would start getting more heavily moderated/"fact checked". There are tons of "fake news" posts regarding things like current short interest statistics, Melvin Capital's open/closed positions, etc. spreading like wildfire. You have hundreds of thousands (if not mil…

The claims and the consequences are very different, but I definitely get the same sense I got reading Q stuff when I skim the current WSB page.

- The media, government, and elites are conspiring against us.

- Info that says short interest has decreased / shorts have covered is propaganda and should be ignored.

- Info that says short interest is still sky-high is to be believed without question.

- Parties who were on our side of the bet but are now advising caution (e.g. Burry or S3) must be malicious or compromised, can't possibly be genuine.

- Mix of facts with misunderstood interpretations thereof: 140% short interest is very high (fact), 140% short interest should not be legally possible (misunderstanding).

- The dark truth we are about to reveal (counterfeit stocks?) has been going on for a long time, but now the wool will be lifted from the eyes of the nonbelievers.

- Your continued belief in "the plan" is important. You must keep the faith!

- "The Event" will take place on X date, but when it doesn't, no problem: it was always going to be Y date that It Happens.

- We all KNOW our version of the story is right. What particular pieces of evidence are so rock-solid and convincing? Oh, well, there's SO MUCH, but it's not my job to spoon feed you the facts. If you don't know, you clearly haven't been paying attention and should do your own research.

- If somebody published something saying that we're wrong, it means that "They" are scared of us. We must be getting close.

I don't know whether WSB's narrative is right or wrong, which is why I am on neither side of this trade and merely watching with interest from the sidelines. They could very well be correct about all of this.

I also am not trying to allege that being a "GME to the moon" person makes you a "Q person". They are completely different sets of beliefs. All that I'm observing is that the marketing of the ideas is similar.

Re: Slavoj Žižek: What the wallstreetbets story tells us

#12
post #11

I probably deserve to get downvoted for this but the same way Trump got kicked off of Twitter for spreading misinformation, I kind of wish r/wallstreetbets would start getting more heavily moderated/"fact checked". There are tons of "fake news" posts regarding things like current short interest statistics, Melvin Capital's open/closed positions, etc. spreading like wildfire. You have hundreds of thousands (if not mil…

The claims and the consequences are very different, but I definitely get the same sense I got reading Q stuff when I skim the current WSB page. - The media, government, and elites are conspiring against us. - Info that says short interest has decreased / shorts have covered is propaganda and should be ignored. - Info that says short interest is still sky-high is to be believed without question. - Parties who were on…

Hear hear. Even on here people were throwing conspiracy theories around like they're facts...

Re: Slavoj Žižek: What the wallstreetbets story tells us

#13

Earlier quoted context omitted.

i take a list of orders from a few grocery stores in my town and go to the market. i've got some orders from people who'll pay £1 for 10 potatoes, some that will pay 90p and some that will pay 80p. i meet with the farmers. they're offering 10 potatos for £1. My order s at £1 gets filled. Theyh wont sell me any more, because more people have arrived who bid £1. Still More buyers arrive, armed with orders from people p…

So in your analogy, it's up to the farmer to set the price for the potatoes. In this case, was it Gamestop who was setting the price? Or rather, the shareholders themselves... that is, the people who were buying the stock in the first place?

Simplistically, yes. At IPO when potatoes are very first introduced to market, he decides what he thinks they are worth. The market will quickly decide the 'real' price.

Whether his first asking price is £2.00 £12.00 the market will quickly decide the level. If potato's are the hype root vegetable, many buyers will appear, but if carrots are in fashion, the price of potato's must fall until in order to attract buyers

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