Read on Twitter
/r/WallStreetBets about to blowup another hedge fund, this one valued at $13.1 BILLION before the Reddit trolls decided to all buy GameStop lol
Up nearly 100% just today, after being up about 100% yesterday lol tell me we're not in a bubble
If GameStop goes up another 17%, this hedge fund will instantly collapse. $13.1 billion gone. Poof.
Elon Musk just tweeted about the stock & they're now trading at $192 after-hours… if they open at this price, Melvin Capital will go bankrupt tomorrow morning. $13.1 billion in wealth transferred from Wall St to Reddit trolls.
What we're witnessing isn't a traditional pump & dump… it is an unorganized, yet collective effort of memelords & avg Americans to completely ignore all market fundamentals &, thru the power of social media, bankrupt hedge funds overnight, taking their funds. Legality unclear.
Reddit is also in the process of meme-ifying AMC stock to revive it from the dead… this is like the Occupy Wall Street movement but on their own turf & with real financial consequences. Incredible.
For any people/journalists trying to understand the $GME situation, read this top post from /r/WallStreetBets. It explains, very well, what is happening & why.
BREAKING: The SEC is banning memes about so-called "stonks" *
*future headline
*future headline
Some dude on Reddit just turned his investment/gambling account into over $22 million overnight lol
https://www.reddit.com/r/wallstreetbets/comments/l5nphz/gme_yolo_update_jan_26_2021/
https://www.reddit.com/r/wallstreetbets/comments/l5nphz/gme_yolo_update_jan_26_2021/
Wall Street hedge funds literally being raided for everything they have by Main Street memers… we're witnessing tens of billions of dollars go from Wall St to Main St daily now.
https://www.reddit.com/r/wallstreetbets/comments/l5p0cf/im_in_tears_already_life_changing_money_is/
https://www.reddit.com/r/wallstreetbets/comments/l5p0cf/im_in_tears_already_life_changing_money_is/
A reminder to everyone reading that while this is funny & very profitable for some, eventually things will come back down. Gamestop $GME is, objectively, worth nowhere near what they're trading at. Putting money in now is no different than gambling. This isn't investment advice.
Wall Street is about to put a LOT of pressure on the SEC to make stock memes illegal & for it to be harder for everyday Americans to trade. They don't want it to be legal for everyday Americans to organize via social media to do what they do to profit. https://twitter.com/BrandyLJensen/status/1354191178854506499
/r/WallStreetBets has written an open letter to powers that be @CNBC - they threaten to continue to bankrupt every last hedge-fund since Wall Street has screwed over the average American & always gets bailed out. They actually make great points, read:
/r/WallStreetBets celebrates re: Fox News reporting that a hedge fund manager says they will continue shorting Gamestop $GME - they are rejoicing at the opportunity to squeeze yet another hedge fund into the ground.
For the people at the SEC who'll likely be assigned to investigate this incident & come across this thread at some point…/r/WallStreetBets is simply an internet forum & no single entity is organizing this effort. It's just a bunch of memers who like video games &hate Wall Street
To the people on /r/WallStreetBets & those betting against the hedge funds on $GME, you all are pro-Bitcoin whether you know it yet or not. $BTC is the ultimate middle finger you can give to Wall St - I recently moved all my stock market $$$ into crypto. http://coinbase-consumer.sjv.io/JgZVa
Reddit - it appears you are in the clear! #wallstreetbets https://twitter.com/moorehn/status/1354223269709275137?s=20
Coming soon: First National Bank of GameStop? #GSE
This list of hedge funds' most-shorted stocks is making its rounds on Reddit's /r/WallStreetBets… many posters are discussing tackling these one-by-one. They are already buying up $AMC which is up 60% after-hours.
Once again, I urge anyone reading this thread to please understand that these types of returns aren’t sustainable & this isn’t “investing” - it is gambling. I don’t endorse or condone any of it (although it’s hilarious to watch Wall St squeal). Do not bet more than you can lose.
The GameStop $GME "Investor Relations" desk hasn't released any update or statement on their stock seeing nearly 1,000% growth since the last update 2 weeks ago… missed opportunity!
Worth mentioning: hedge funds shorted more GameStop shares than there are GameStop shares in existence, and by a considerable margin.
In hindsight this chaotic, meme-powered short-squeeze isn't as crazy as it may appear at first-sight. Short squeeze inevitable with that leverage
In hindsight this chaotic, meme-powered short-squeeze isn't as crazy as it may appear at first-sight. Short squeeze inevitable with that leverage
Ok, fine. I am moving a 
small amount of crypto back into my brokerage account to gamble with the self-proclaimed "autists" leading this movement… I will probably regret this, but yolo!
small amount of crypto back into my brokerage account to gamble with the self-proclaimed "autists" leading this movement… I will probably regret this, but yolo!
Jack Dorsey liked my tweet. #DeepState LeGate confirmed!
A hedge fund manager has reached out to me for consultation regarding them hiring a "Chief Meme Officer" in order to turn their portfolio company stonks into memes. DM me if interested. They are pro-WSB.
The SEC is apparently really mad at Reddit, because they don't know how they can possibly "enforce" restrictions against memeing hedge funds into insolvency.
"Reddit-Fueled Rallies Like GameStop’s Defy Easy Crackdown by SEC" https://www.bloomberg.com/news/articles/2021-01-26/reddit-fueled-rallies-like-gamestop-s-defy-easy-crackdown-by-sec?utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter&utm_content=business
"Reddit-Fueled Rallies Like GameStop’s Defy Easy Crackdown by SEC" https://www.bloomberg.com/news/articles/2021-01-26/reddit-fueled-rallies-like-gamestop-s-defy-easy-crackdown-by-sec?utm_medium=social&utm_campaign=socialflow-organic&cmpid=socialflow-twitter-business&utm_source=twitter&utm_content=business
Oh, lord… the Wall Street Bets Discord channel has found my Twitter.
Honestly, I'm rooting for the amateur investors & hope they take Wall Street for everything they have. Let's gooooo!!!!
AOC - I SEE YOU!!!!
To everyone saying GameStop is overvalued, I raise your GameStop & challenge you a Tesla. No legitimate investor believes Tesla is valued correctly at today’s prices. It’s all speculation. The entire market is BS. YOLO!
Great article on Decrypt explaining the GameStop saga, featuring yours truly 
https://decrypt.co/55566/bitcoin-gamestop-and-the-price-of-taking-on-wall-street
https://decrypt.co/55566/bitcoin-gamestop-and-the-price-of-taking-on-wall-street
Agreed 100%.
Can we all promise to support our local GameStop this week? You don’t have to be like the guy who uses GameStop as a bank to keep them solvent - just a simple purchase will do
https://twitter.com/currienicolas/status/1354280379646169088
Can we all promise to support our local GameStop this week? You don’t have to be like the guy who uses GameStop as a bank to keep them solvent - just a simple purchase will do
https://twitter.com/currienicolas/status/1354280379646169088
As predicted, Wall Street is not happy that the “wrong people” are “manipulating” the market. Get wrecked. https://twitter.com/cnbcfastmoney/status/1354212832703885313
This is the biggest “F you” to Wall Street I’ve seen in my entire lifetime… please be careful, retail investors, but WOW.
Update: just got off the phone with one of the hosts @ CNBC - they are finally hearing the message, I think? I will likely be on air tomorrow unless the hedge fund managers talk them out of it 
The most disgusting (& revealing) thing about this whole saga is how trading platforms halted trading for all “meme stocks” just bc a few hedge funds lost half their portfolio overnight.
But if you, a main street investor, lose half overnight, they literally couldn’t care less.
But if you, a main street investor, lose half overnight, they literally couldn’t care less.
They claim they’re halting trading of “meme stocks” to protect the retail investors who are, for once, making millions.
This happens to coincide with several hedge funds imploding. We all know who they’re really trying to “protect”…
This happens to coincide with several hedge funds imploding. We all know who they’re really trying to “protect”…
This sums up all my feelings right now.
I'm about to email this form out to all Melvin Capital executives & investors… trying to help them out in these trying times:
/r/WallStreetBets pens an open letter to the SEC:
UPDATE: Spotted on LinkedIn
How it started… how it's…
Powerful message that Wall Street better start taking seriously:
Some clown investor on CNBC just accused redditors of “collusion” for hyping GameStop & driving their buddies bankrupt 
OMG they just shutdown /r/WallStreetBets https://www.reddit.com/r/wallstreetbets/
Me right now…
This is the future libs want
/r/WallStreetBets is back up! https://www.reddit.com/r/wallstreetbets/comments/l6j4r9/where_do_we_go_from_here_and_who_is_going_to_step/
Should I buy $NAKD? I feel like it’s gonna pop-off tomorrow
Some SEC dude just printed this screenshot out & is trying to understand it before stashing it in his “evidence” folder for market “manipulation” 
WSB is moving its $GME price target to >$1,000… "Don’t be stupid. Clear your $420.69 sells right now."
Wow - they are really getting good at bending over Wall Street:
"Hey everyone, to make no share available for the shorts to short, set your shares for sell at GTC with limit price at 1000 or more so that your shares would not be in the loan list from your brokerage."
"Hey everyone, to make no share available for the shorts to short, set your shares for sell at GTC with limit price at 1000 or more so that your shares would not be in the loan list from your brokerage."
