What is happening to gamestop's stock?

Humans in space suits make monkeys nervous

Postby Autarch » Fri Jan 22, 2021 12:47 pm

My coworker and I just watched it jump 20% in a single minute. Apparently it's all part of a reddit prank because someone shorted more shares of gamestop than actually exist?

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Thinking about what it took for our world to get here. The level of nihilism. It's an interesting moment. The stock market is a big fucking joke anyway so why not treat it as such. The more I think about this, the more I like it.
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Postby quinine » Fri Jan 22, 2021 12:49 pm

gamestop's stock is rock-bottom in my heart
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Postby Gutslab » Fri Jan 22, 2021 12:50 pm

LV3 is missing out
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Postby Autarch » Fri Jan 22, 2021 12:52 pm

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Postby Skerple » Fri Jan 22, 2021 12:53 pm

i don't think it's nihilism necessarily, i think it's people being dumb about trading and thinking that short sellers are trying to tank stocks. delusion that's kind of spun out from elon musk's stupid crusade against people shorting tesla
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Postby Autarch » Fri Jan 22, 2021 12:55 pm

they're doing it as a joke.
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Postby xxx-xxx-xxxx » Fri Jan 22, 2021 12:57 pm

is Funcoland listed anywhere, i need to get in on this
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Postby Skerple » Fri Jan 22, 2021 12:58 pm

Autarch wrote:they're doing it as a joke.


the people doing the actual trading (or the vast majority of it) are not
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The Development team made one crucial error. They entered into the game an automatic sentry gun called a "Puckle."
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Postby Skerple » Fri Jan 22, 2021 12:58 pm

they are instead pumping and dumping
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The Development team made one crucial error. They entered into the game an automatic sentry gun called a "Puckle."
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Postby Annie May » Fri Jan 22, 2021 12:59 pm

I hear gamestop has battletoads again
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The words now are wrong
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Postby Frank » Fri Jan 22, 2021 1:02 pm

someone found the cheat code huh
lv3 has a tiny penis
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Postby Locke » Fri Jan 22, 2021 1:05 pm

xxx-xxx-xxxx wrote:is Funcoland listed anywhere, i need to get in on this

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Postby landspeedrecord » Fri Jan 22, 2021 1:25 pm

more like gamespike
rather be an idiot than a sheeple
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Postby xxx-xxx-xxxx » Fri Jan 22, 2021 1:27 pm

Locke wrote:
xxx-xxx-xxxx wrote:is Funcoland listed anywhere, i need to get in on this

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oh my goddddddddddddd this was my Wall Street journal growing up
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Postby Geoff » Fri Jan 22, 2021 1:29 pm

does gamestop sell games?
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Postby landspeedrecord » Fri Jan 22, 2021 1:29 pm

funcoland was the shit. I still have my used copy of zombies ate my neighbors for snes. never forget
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Postby Jeremy » Fri Jan 22, 2021 1:30 pm

Someone found a copy of Yeah Yeah Beebiss I in the back of one of the stores.
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Postby Jeremy » Fri Jan 22, 2021 1:31 pm

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Postby landspeedrecord » Fri Jan 22, 2021 1:35 pm

Image
looks fun
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Postby sobieski » Fri Jan 22, 2021 1:38 pm

maybe it’ll become more valuable than tulips
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Postby kirito » Fri Jan 22, 2021 1:38 pm

it’s called a short squeeze. please use google before spamming questions thanks
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Postby figaro2 » Fri Jan 22, 2021 1:39 pm

future currency is funko pops
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Postby Locke » Fri Jan 22, 2021 1:43 pm

they are currently doing an exploitable trade in promotion called the stock market.
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Postby Locke » Fri Jan 22, 2021 1:44 pm

gamestop really is the worst company
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Postby xxx-xxx-xxxx » Fri Jan 22, 2021 2:15 pm

wow made the mistake of wandering into r/wallstreetbets which is basically a 4chan sub
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Postby shizaam » Fri Jan 22, 2021 2:22 pm

this is p good https://www.garbageday.email/p/happy-birthday-guy-fieri
The Gen Z libertarian sociopaths over at r/WallStreetBets are currently in a war with an investment firm called Citron Research. The last 24 hours have been a complete mess and, unsurprisingly, the whole thing involves the video game retailer GameStop. I’m going to do my best to explain what’s going on here, but I’ll admit upfront that I don’t have that firm of a grasp on how day trading works.

Citron Research is a California-based short seller and they have been shorting GameStop — betting that the retailer’s stock value would go down, essentially. Here’s a Yahoo! Finance interview about it. Citron believes that GameStop is not a healthy company and it should not have as high a valuation as it does. The heart of the argument, honestly, sounds right to me — GameStop is operating 5,000 physical locations in a pandemic, mostly in already-dead-or-dying shopping malls, and many people do not buy physical video games anymore.

r/WallStreetBets users noticed that Citron was shorting GameStop and, because they’re all radicalized post-Gamergate nihilists, decided to bet against Citron simply out of spite.

The r/WallStreetBets GameStop rally caused the company’s stock to spike over 69% (lol) today. If you head over to the subreddit right now, the front page is nothing but GameStop hype.
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Postby joe » Fri Jan 22, 2021 2:25 pm

that's ridiculous and pretty funny
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Postby Flossed Out » Fri Jan 22, 2021 2:30 pm

Go GamStop Go
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Postby sobieski » Fri Jan 22, 2021 2:31 pm

where were these nerds when Babbages got shorted
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Postby kirito » Fri Jan 22, 2021 2:34 pm

i’m so fucking rich now
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