Gamestop Sea Shanty
(www.youtube.com)
Comments (14)
sorted by:
As shown by our favorite lotus eater, the motherucking Sargon.
SOON MAY THE TENDIEMAN COME, TO SEND OUR ROCKET INTO THE SUN
That feel when WSB make Wall Street fear & hurt more in less than 24 hours than Occupy Wall Street did over several months.
Schlomo big mad.
Dammit now I want to play AC: Black Flag again...
* Taking gains dependent on your trading platform allowing you to sell.
The media is already spreading false information about the investors going under. These companies may be losing money, but it’s not as much as people think, they’re literally just losing the ability to invest money somewhere else. The stock is overpriced and the companies will buy back the shares once the stock price goes back to normal.
The market is supposedly unpredictable in the first place, but what the establishment is freaking out about is the fact that now it REALLY IS unpredictable. Things didn't go according to their plans, which now we know THEY HAVE PLANS, which throws the whole false narrative about the stock market straight into the gutter. Now anyone who is paying attention knows that most of what goes on is orchestrated. The elite are manipulating the market, and now they're pissed that they lost a little bit of that control.
This is even worse as GME is at 130% (aka naked shorting was going on, and is illegal).
The shottseller of GME basically sold shares they didn't possess, under the expectation shares would become available.. Ergo making them possess them at the time of share sale. It was made illegal 2008 because this behaviour contributed to the financial crisis.
This means as long as WSB holds and the price stays ANYWHERE above their shortsale undervalue, said investor no longer has the ability to buy the shares they don't possess, to then sell. Which will cause a massive boom because all their shares which were severely undervalued suddenly flood back into the market, at the new higher rate. They still cannot afford the new rate shares, and thus their insurers have to eat the cost.
That cost is likely too high for the direct insurer and will cause their insurer to weigh in.
This naked shottseller isn't just looking at going bankrupt. They're looking at taking down several insurance compa ies with them.
Which is why you don't try to sell what you don't own kids! Even if you "think" you can "get hold of it real soon."
Spice And Wolf detailed this EXACT SITUATION nigh a decade ago. Pyrite, fool's gold, a worthless metal, was being artificially inflated in the market when someone short-sold it, leading other merchants to purposefully hike the price, and yet more randoms simply joining in to watch the bubble grow, leading to crisis for the credit merchant (the short-seller).
Like seriously, a public-accessible, easy-to-understand ANIME detailed nearly this EXACT SITUATION and how is hows wrong.
I need more sea shanties in my life. This is wholesome and spiritually fulfilling.