GME and AMC stock action (out of main)

[Electroman]

Somewhat related to Tesla because he tried to do his thing to us too. Andrew Left of Citron Research is such a notorious douchebag even among short sellers, I love watching him getting ground into dust. Remember, Short Seller Lives Don't Matter!

Left got burnt in Game Stop

GameStop stock halts trading after Reddit drama

 

[JRP3]

Left got burnt in Game Stop

GameStop stock halts trading after Reddit drama

Citron Research editor Andrew Left wrote in a note to readers that the backlash had included criminal activity he planned to report to the Securities and Exchange Commission

I was wondering if the redditors actions might be considered illegal if they were working together.

 

[Johan]

I was wondering if the redditors actions might be considered illegal if they were working together.

Poor Andrew. Who knew people getting together might be more powerful than everyone acting on their own?

 

[Cherry Wine]

I was wondering if the redditors actions might be considered illegal if they were working together.

I think the case could be made, sure.

 

[Johan]

I think the case could be made, sure.

If so then the Investor's thread at TMC must surely be illegal, no?

 

[Pezpunk]

watching Andrew Left / Citron get owned by /r/wallstreetbets ding dongs is great, but it's also kinda like watching Martin Shkrelli beat up Bill Cosby. There's not really a good guy here.

 

[Singuy]

I was wondering if the redditors actions might be considered illegal if they were working together.

Sure, but then you are trying to catch a bunch of degenerates that post nothing useful but memes. Good luck identifying any of them..lol.

Plus calling whatever they do organized is anything but. Sometimes you wonder if people posting there are indeed human.

 

[pz1975]

I don’t understand why it would be illegal. A group of people discussing the merits of a company and stock and deciding to invest in it for profit. Sounds a lot like...hmm...can’t think of it right now. The only real difference is investors here are way more knowledgeable and measured, while there they are definitely way riskier.

 

[JRP3]

We aren't working together here at TMC we just have similar goals

 

[Johan]

I don't know anything about Gamestop as a business, other than that I've noticed they sell a lot of dolls and stuff related to video games? Maybe that's a good business? Maybe they were under valued? But this can't be sustainable right?

 

[pz1975]

I don't know anything about Gamestop as a business, other than that I've noticed they sell a lot of dolls and stuff related to video games? Maybe that's a good business? Maybe they were under valued? But this can't be sustainable right?

If you read on WSB, there are some well-written DD posts hidden amongst the memes. The main argument is they have a new, previously successful, CEO who wants to transition the company from bricks and mortar to online/subscription gaming, which is growing massively.

 

[BrownOuttaSpec]

$110 share price is insane... Those Reddit WSB guys must be going crazy right now. It was $18/shr 2 weeks ago.

 

[BrownOuttaSpec]

$126 now... can the Money Movers not stop this? Will it will be a squeeze to $1000 then everyone jumps ship with their gains??

 

[chronoreverse]

It's funny how the shorts are trying to whine to the SEC that there's manipulation going on when it's entirely their own manipulations backfiring in the most spectacular manner because some crazies on a website noticed a chink in their cheating armor.

 

[pz1975]

It's funny how the shorts are trying to whine to the SEC that there's manipulation going on when it's entirely their own manipulations backfiring in the most spectacular manner because some crazies on a website noticed a chink in their cheating armor.

This is it exactly!

 

[BrownOuttaSpec]

I mean... i kinda feel like I am missing out... FOMO is real but I don't want to touch that stock with a 10ft pole.

 

[LN1_Casey]

I mean... i kinda feel like I am missing out... FOMO is real but I don't want to touch that stock with a 10ft pole. View attachment 630550

I'm just going to sit back and eat some popcorn. I don't think GME has the potential to keep it's stock price at current absurd levels, and I don't want to get burned trying to hop into the rocket, or cut catching a falling knife.

 

[c041v]

Ha. I was in at $70 for a token amount and out $70 earlier today. A lot happened in between and none of it made any sense. Too much volatility for even my TSLA-tempered nerves.

 

[Nocturnal]

I went in with the WSB crowd Friday and today. I was in GME at 96 and did not sell at $150 unfortunately. I'm currently slightly red, but my other WSB idiot trade was BB which went up enough to get me to break even. Any valuation of GME is ridiculous IMO but there is still a lot of short interest and those idiots might be able to pull it higher.

This was great entertainment that wound up costing me almost nothing and risked me 40k. Alas I could have pocketed 40k on top of that but oh well.

I was wondering if the redditors actions might be considered illegal if they were working together.

That's just the feeble attempts on his part to save face. A few hundred thousand people all saying "yeah buy this and it will go up" is hardly collusion. Wall Street is just pissed that regular idiots can pull the same crap.

 

[Johan]

This is a very good post detailing what has happened. For someone who has been long TSLA for years all this rings very true with regard to the naked shorting, the market-maker manipulation etc. I don't know anything about the fundamentals of GME so I won't be trading it, but I'm happy to see "crowd sourcing" by long investors to kick the big players sometimes...

https://reddit.com/r/wallstreetbets...ndgame_part_3_a_new_opponent_enters_the_ring/