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Redditors vs the hedge funds

Yeah I'm in HE, although do have a few other pensions scattered about from previous work places one with Aegon and one with Aviva, I think the Aviva one has a rather large pot of money in it (well, large to me) but as you probably irrelevant to the value of the pot. Pensions confuse the fuck out of me if I am honest and it's one of those things I just kind of ignore, but know I should probably be doing better management of it rather than just going with the flow. Fuck knows.
you can probably have an appointment or consultation with someone to help you figure out what you should be doing, like a financial adviser or something? some accounting firms have people you can speak to. Might be worth it just so you don't have to feel a low level nagging guilt about the fact maybe you should be doing more but you're not sure
 
I thought bits of this were worth bearing in mind:
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The reddit language is crazy...all the burned hedgers going on the main subReddit for the first time to see who has done them over will feel even more bitter as they read endless threads mainly made up with endless combinations of the words APE STONK RETARDS WITH DIAMOND BALLS TO THE MOON FU WALL STREET over and over and over :D
they'll be thinking Who are these idiots? And then have to face the fact that not only have they been outsmarted by them, they're marked for more humiliation for a good while yet. Its perfect insult to injury
 
Realised yesterday that the WSB strategy is along the same lines my infamous Communisation of Monopoly: buy up vital assets, refuse to sell, break the system :cool:

Wasn't yesterday the deadline for the Gamestop short? Or one of them? Has it all come crumbling down yet? :hmm:
Lord Camomile, literally every time you post on urban over all these years I think of that -rrrrrespect
that photo needs a re-airing ;)
 
hope you dont mind LC... will delete if you want
Lord Camomile is like Nietzsche - when he played Monopoly he deliberately got one of each colour and refused to trade so that no one could build and the game became pointless. I believe the game ended with him convincing everyone to create a "Rainbow Coalition" and share all of the properties together :D

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HOLD STRONG!!! THIS IS JUST THE BEGINNING!! WE WONT LET THEM WIN!! NEVER SELL!!!

🚀🚀🚀🚀👨‍🚀👨‍🚀👨‍🚀👨‍🚀🐵🐵🐵🐵🐵etc
 
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Wasn't yesterday the deadline for the Gamestop short? Or one of them? Has it all come crumbling down yet? :hmm:
I think the deadline yesterday was on "Options" but I dont know what an option is or means - i think the real DEAD line doesnt really exist, and its a game of chicken here on in???
perhaps
 
An option is a derivative in which you have a choice whether or not to exercise it. If you have a call option and the price rises above the call price (ie the price at which you can choose to buy the underlying security), you just don’t exercise the option and no transaction takes place. (Similarly if you have a put option and the price drops below the put price, you don’t exercise it).
 
I think the deadline yesterday was on "Options" but I dont know what an option is or means - i think the real DEAD line doesnt really exist, and its a game of chicken here on in???
perhaps
I mean, I really don't know, but I thought that those who did the original shorting had a deadline of when they had to get the shares back to whoever they borrowed them from? Is that the options?
 
I mean, I really don't know, but I thought that those who did the original shorting had a deadline of when they had to get the shares back to whoever they borrowed them from? Is that the options?
I was under the impression that the hedge funds did not have an option, but a genuine short sale. Possibly those on the other side of the transaction have a put option, rather than it being a straightforward future?
 
Anyway, a bit more killjoy downer stuff (and via twitter as well, sorry about that bit):


And then the New York Young Republicans are trying to get in on it as well with... this thing:
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Is anti-semitism the driving force behind this? Absolutely not, and that's a pathetic smear to tie this to the alt-right. Of course there will have been anti-semitic comments made by some reddit users, but by "the driving force"?? Have a word with yourself
 
I was under the impression that the hedge funds did not have an option, but a genuine short sale. Possibly those on the other side of the transaction have a put option, rather than it being a straightforward future?
We have already left my raisin-sized area of understanding.

But... I think that sounds... possible? :hmm:

Having had a very quick look at Twitter, certainly seems I'm at least not the only one who thinks the hedge fund's deadline was yesterday.

Can be a lot of wrong people on Twitter, though.
 
Is anti-semitism the driving force behind this? Absolutely not, and that's a pathetic smear to tie this to the alt-right. Of course there will have been anti-semitic comments made by some reddit users, but by "the driving force"?? Have a word with yourself
yeah the "maybe not" bit stinks - of course its not the driving force - but in amongst the legions involved theres bound to be some antijewish banking shite like that found.
those screen shots looks not from reddit but from 4chan though am i right? i dont go on either so not sure, but the anonymous bit is 4chan i think?
dont think any of whats posted came off reddit
 
I mean, I really don't know, but I thought that those who did the original shorting had a deadline of when they had to get the shares back to whoever they borrowed them from? Is that the options?

it will be a straightforward likely stock lend to the fund. the options could be used to enhance or hedge the lend on either side but unlikely. I think these are delivery rather than cash settled products
 
An option is a derivative in which you have a choice whether or not to exercise it. If you have a call option and the price rises above the call price (ie the price at which you can choose to buy the underlying security), you just don’t exercise the option and no transaction takes place. (Similarly if you have a put option and the price drops below the put price, you don’t exercise it).

if yer long a put, the you will exercise if the market is below your strike. or if you are short the put , you will be auto assigned iirc
 
Is anti-semitism the driving force behind this? Absolutely not, and that's a pathetic smear to tie this to the alt-right. Of course there will have been anti-semitic comments made by some reddit users, but by "the driving force"?? Have a word with yourself
It's obviously not the driving force, but I think it's legit to want to discuss the ways that an extremely online movement based around opposing big actors in the financial sector could very easily grow to have a massive problem with this stuff, if it hasn't already.
yeah the "maybe not" bit stinks - of course its not the driving force - but in amongst the legions involved theres bound to be some antijewish banking shite like that found.
those screen shots looks not from reddit but from 4chan though am i right? i dont go on either so not sure, but the anonymous bit is 4chan i think?
dont think any of whats posted came off reddit
Yeah, I think those screenshots are all 4chan too. For context, a bit more from that poster:
The $GME movement started on the WSB subreddit, but it has spread far beyond that. No matter how much mods protect that subreddit from this, you cannot deny that there is widespread cheerleading, promoting + self reported participation by many who are motivated by antisemitism.
You can choose to ignore it. You can pretend it’s not there. You can send me mean DMs. But none of that will change the reality. A better idea is to understand/address it. I’m not suggesting most people involved hold these beliefs. But don’t ignore who is joining in — and why.

It’s not remotely just the Chans. It was on the WSB discord, it’s all over twitter and it’s all over the many many telegram channels. You may want to believe something different. But it’s an active and participating element in this.
I've also seen this article from the Occupy Wall Street days shared around a bit as a useful study of right-wing infiltration into broader, ambiguously anti-system movements.
 
Once all the dust has settled this will turn out to be a classic pump and dump scam
sounds like thats the general dynamic, and gamma squeezes have happened before, but seem to me the difference here is what if theres no dump after the pump? ..or at least no dump until the hedges have been torched
 
Seems like a fair bit of it depends on how many people are still looking to make money, and how many just saw it as buying a "fuck you" to Wall Street. I've definitely seen some people at least claiming they did the latter, so presumably they're not too fussed about cashing out while there's still a profit to be made - they already chalked up the 'loss' as the cost of playing when they bought the stock.
 
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