Wall street institutions getting their asses handed to them by gamers

[Ttaskmaster]

So as this is mostly British site but a little recap.

And being a mostly British site, you should perhaps alter the thread title to "having their backsides handed to them".
Asses are a form of equidae, and **** is maybe a little rude for forum language standards.

Tally ho and toodle-pip!

[DanceswithUnix]

I see the share price is back to $90, I wonder who is gaining from shorting the drop.

[TheAnimus]

I see the share price is back to $90, I wonder who is gaining from shorting the drop.

Whilst not the hedgie I used to work for, I know some of my friends who moved on from there have made a fair few bucks off the back of this.

[[GSV]Trig]

Want the price to go back up to over $110 so I can cash out lol

[pp05]

A sizeable number of the retail investors would have put a small sum and prepared to lose it in order to give a bloody nose to Wall St. I don't know how you can sell shares you don't own. We'll probably see Wall st crying for a bailout and more regulation. That's the funniest part.

[iEimis]

I think it's over now, congrats to all who got out in time

[Laxet]

What a wild ride that was. Although I must admit, it saddens me to see how many got caught up in the hype and lost big time. It seems that a lot of unsuspecting people took bad financial advice from meme posters on Reddit and are now annoyed they lost out.

[TheAnimus]

https://seekingalpha.com/article/440...cant-lose-trap

Has a good little write up, explains really how this was just a pure pump and dump, no one can accurately predict the height of such a thing, it's pure speculative gambling not based on any fundamental analysis. In my book even those that made money are idiots the way those that make money at Vegas are.

[Zhaoman]

To convince people to buy a stock you have to either convince that it can only ever go up or that there is some other moral reason to buy it e.g. it will save the planet, it will stick it to the fat cats etc... This managed to have both and was incredibly successful; a textbook case. No matter the perceived moral reasons for doing it, a pump and dump by any other name is still a pump and dump and anyone with any investment experience would have been able to see it from a mile away. Like I said at the beginning, I am just sad for all the less informed consumers who got caught up in all this and lost money because of it.

[TeePee]

I like the Stock...

[TeePee]

https://seekingalpha.com/article/440...cant-lose-trap

Has a good little write up, explains really how this was just a pure pump and dump, no one can accurately predict the height of such a thing, it's pure speculative gambling not based on any fundamental analysis. In my book even those that made money are idiots the way those that make money at Vegas are.

I'm happy to be an idiot...