web archive: http://archive.today/iP9IX
I hope one day we will see an IPFS link
What is stopping you from making and sharing one?
u/DeepFuckingValue and the GameStop Reddit mania
21–30 of 554 posts
Re: u/DeepFuckingValue and the GameStop Reddit mania
#22On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million.
I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he can afford to weather the storm. If you're holding because he's still in and you haven't taken any profits you are nowhere near in the same position as him.
A hodling mania has overtaken the subreddit that would make btc blush. Know that we don't know what kind of deals are happening behind closed doors in these two last days of manipulated activity. A sustained short interest does not necessarily mean that the shorts are holding their initial position, they could have closed and reopened at these elevated levels.
The narrative has changed so quickly from this being a value play, to a short squeeze, to now militant activism via buying stock as a means to sticking it to the man. The rhetoric is as volatile as the price. The overall market is stressed, things are getting weird and I would not be surprised if this is the beginning of another stock market crash.
Re: u/DeepFuckingValue and the GameStop Reddit mania
#23Earlier quoted context omitted.
Really helps discredit this notion of retail vs hedge fund. Most people who frequently make “DD” posts to r/wsb have ties to the financial industry and Wall Street. They either work there or have worked there. And yet they are critical of the Man? This is like ex-Facebook employees having a found-Jesus moment.
Some folks have no choice but to bootstrap at The Man. There’s no startup accelerator for starting your own fund.
[deleted]
Re: u/DeepFuckingValue and the GameStop Reddit mania
#24web archive: http://archive.today/iP9IX
I hope one day we will see an IPFS link
Why do people constantly have to re-invent the wheel? :(
Freenet [0] has been providing censorship-resistant, anonymous, decentralized hosting for 20 years - and is still in active development!
You could upload it to Freenet without any server whatsoever and it would stay online for as long as it is popular, even if your machine goes offline.
And you'd be anonymous while doing so!
Re: u/DeepFuckingValue and the GameStop Reddit mania
#25On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…
It says as much in the article. He literally just thought GME was undervalued on its merits. He had no intention of creating a squeeze or punishing Melvin.
Re: u/DeepFuckingValue and the GameStop Reddit mania
#26What makes WSB legal vs emails about imminent pump on an unspectacular stock?
What stops somebody from purchasing aged reddit accounts and then pumping up, upvoting their own threads?
Re: u/DeepFuckingValue and the GameStop Reddit mania
#27I like Matt Levine's comment " The guy behind one of the greatest trades of our time was giving out financial advice for MassMutual, and somehow they let him go." edit I missed the best part of the quote "I hope he showed up at client meetings in a headband and sunglasses with a glass of champagne in one hand and a chicken tender in the other. I hope he was like “never mind life insurance, man, you gotta buy GameStop…
Really helps discredit this notion of retail vs hedge fund. Most people who frequently make “DD” posts to r/wsb have ties to the financial industry and Wall Street. They either work there or have worked there. And yet they are critical of the Man? This is like ex-Facebook employees having a found-Jesus moment.
I think this is almost expected behavior. Anybody who spends enough time in the trenches of any industry will come out jaded and bitter. In my limited time working on the tech side of some Wall St giants, 99% of the grunts are normal people with their noses in very narrow tasks. Tasks that seem too mundane to have any implications for the outside world. I even heard a top marketing exec at Goldman talk about how to shed their image as a "vampire squid". None of them set out to be evil, they just set out to earn profits. Same everybody else.
Re: u/DeepFuckingValue and the GameStop Reddit mania
#28On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…
It says as much in the article. He literally just thought GME was undervalued on its merits. He had no intention of creating a squeeze or punishing Melvin.
The guy struck rich! Same with people who shorted crude last year when it went straight to -40. Billions were made.
Re: u/DeepFuckingValue and the GameStop Reddit mania
#29Compared to the general air I've been seeing about articles hating on a bunch of Redditors, this one is decidedly more neutral and seems to speak more about what is actually happening than "redditors bad, mess with stock, they evil".
I appreciate that. Not enough to give WSJ $20 (!!!) a month, but I do appreciate it.
Re: u/DeepFuckingValue and the GameStop Reddit mania
#30On wsb u/deepfuckingvalue showed he still holds 50,000 shares and 500 deep ITM call options. He has secured a profit of $13.8 million dollars, and his remaining open position is valued at $45 million. I would caution people to not quickly fall into the "if he's still in, I'm still in" meme. He has secured a $14 million bag, regardless if the stock goes to zero he's already secured a life changing amount of money, he…
A ton of people aren't doing any thinking for themselves. I'm pretty convinced there's some kind of organized manipulation attack going on within r/wsb.
The same reason Parler got taken down for inciting violence without proper moderation, I'm seeing a lot of baseless claims from literally millions of people who do not understand how large/complex the financial systems at play are.
I'm kind of worried Reddit could shut down r/wsb because of the amount of influential misinformation being spread.