What's new
  • Happy Birthday ICMag! Been 20 years since Gypsy Nirvana created the forum! We are celebrating with a 4/20 Giveaway and by launching a new Patreon tier called "420club". You can read more here.
  • Important notice: ICMag's T.O.U. has been updated. Please review it here. For your convenience, it is also available in the main forum menu, under 'Quick Links"!

Hedge Funds seethe as commoners cash in

igrowone

Well-known member
Veteran
I see that Melvin has supposedly closed out its position
took a quite a hit
on the other side there a lot of retail investors who will take a hit if they're left holding the bag
 

Zeez

---------------->
ICMag Donor
It’s a war of attrition. Sure some limp wrists will sell. Those that understand (a majority of those that have been in this for more than a week) including some heavy hitters won’t be scared off by some zio-capitalists making their rounds on MSM. Sure they are STILL shorting the fuck out of GME. They have NO choice. There are also plenty of blackballed investors who have no problem losing a couple million to keep hedge funds (at minimum) sweating and forcing more risk or (best case scenario) folding. As far as the ‘peak’ being reached, until Melvin settles their position, that is nothing more than room temp iq hot takes. To the moon lads. Also, you have yet to explain how Melvin can possibly settle 130% of available shares. Even IF every share was sold, Melvin is 30% short.


It's way simpler than that. Most of the players are playing with Melvins money. It went twelve x. They already pulled their money with a tidy profit. They can hang indefinitely. There's no way around it, Melvins money went to the players when he had to cover his shorts at a huge price.

This is just the beginning. Fucking Melvin could get more popular than the Super Bowl as Melvin gets exposed as the real deep state 8). He's been stealing our money and buying the politicians for rules he wants for decades. It will be cool seeing the money and it's benefits going back to the people where it belongs. That's what happens when social media gets used for a common cause instead of a decisive monster.
 

Badfishy1

Active member
I see that Melvin has supposedly closed out its position
took a quite a hit
on the other side there a lot of retail investors who will take a hit if they're left holding the bag

Prove them closing out positions, actual black and white legal documents, not a talking head or twitter account... I’ll wait
 

Badfishy1

Active member
Melvin and EVERY other hedge fund have been manipulating the market since the word go. Nothing new here. As far as ‘stealing’ money? In a round about sense. What matters more to me is that people FINALLY are waking up to the fact that the stock market is a manipulated fantasy land. Sucks peoples retirements are wrapped up in such a shitshow, but ‘as smart’ as these people are they knew the risk and looked away with hopes of cashing in
 

Badfishy1

Active member
Should have everyone voice there opinion of the best short and long places to be.I mean, everybody has an opinion right? Whus Yo's?

I'd be short silver
everybody should own a little gold ( for the hell of it-)
long long long early quarter eagles
I love classic quarter and half eagles-Long long long
long pork bellies
short sugar
long on Florida real estate-everywhere in the state but specially from Orlando on South
SHORT on california real estate
short the price of weed across the fruited plain ( in general.Always a top shelf that's $++

that's it for now, I ain't sayins no mo!

I don't do the stock market so....,,,,can you buy stock in Gucci? If so, go long.:tiphat:

You are absolutely wrong about the south Fl real estate market.... it is absolute garbage... fuck off we are full ;)
 

Zeez

---------------->
ICMag Donor
I see that Melvin has supposedly closed out its position
took a quite a hit
on the other side there a lot of retail investors who will take a hit if they're left holding the bag

They think they own the game. They are still trying to flip this back to their advantage by shorting when it looks like there is no upside. I hope Robinhood and others take a good screwing for shutting down trades as the battle raged. The only ones with money at risk are playing with Melvins money and anybody who bought high was just stupid and would have lost their money somewhere else in the market.

It would be good to have a niche group here keeping an eye on WallStreetBets for the upcoming plays and the valuable comments in the blog. From what I have seen, most players agree with the rules and follow.
 

Zeez

---------------->
ICMag Donor
You are absolutely wrong about the south Fl real estate market.... it is absolute garbage... fuck off we are full ;)


The Florida real estate game is about as slimy as it gets.
Puffing is legal...... Pfffft.....
 

Badfishy1

Active member
The Florida real estate game is about as slimy as it gets.
Puffing is legal...... Pfffft.....

Oh I’m well aware of the Fl. real estate game. Puffing is the smallest of the issues. There are many terms locally all describing ‘lightning fires that just happen to be at the right location and very convenient for whatever the next big play may be.’ Add to that the incestuous financial relationships between all of the big players and banks it’s a pretty fucking cool 3 ring circus.
 

Zeez

---------------->
ICMag Donor
Oh I’m well aware of the Fl. real estate game. Puffing is the smallest of the issues. There are many terms locally all describing ‘lightning fires that just happen to be at the right location and very convenient for whatever the next big play may be.’ Add to that the incestuous financial relationships between all of the big players and banks it’s a pretty fucking cool 3 ring circus.

You're right. The puffing was just an example. When it starts off with -lying is ok then it's all downhill from there. So many little guys got screwed.
 

ButterflyEffect

Well-known member
I'll second the fact that there's no proof that Melvin closed out. Maybe they closed some of them so they could legally say something to that effect at a press conference.

I'll be the first to say that I don't understand enough to know how this could turn out or any of the ways that Melvin could come out on top. I've read enough of the CNBC stories and they smell fishy to me, but hey, what do I know.

I didn't get in super early and I only have a handful of shares but like I've said before, I'll spend more at a weekend at the casino.
 

Zeez

---------------->
ICMag Donor
picture.php
 

Badfishy1

Active member
I'll second the fact that there's no proof that Melvin closed out. Maybe they closed some of them so they could legally say something to that effect at a press conference.

I'll be the first to say that I don't understand enough to know how this could turn out or any of the ways that Melvin could come out on top. I've read enough of the CNBC stories and they smell fishy to me, but hey, what do I know.

I didn't get in super early and I only have a handful of shares but like I've said before, I'll spend more at a weekend at the casino.

Would argue even the positions supposedly ‘closed’ were just sold to another hedge fund then bought back. There are forums that cost thousands of dollars a month to ‘discuss trading’. The issue here is the asymmetrical knowledge. It’s obvious the fat cats have a leg up in knowledge and HATE the fact their super secret schemes have been put out in public
 

ButterflyEffect

Well-known member
Would argue even the positions supposedly ‘closed’ were just sold to another hedge fund then bought back. There are forums that cost thousands of dollars a month to ‘discuss trading’. The issue here is the asymmetrical knowledge. It’s obvious the fat cats have a leg up in knowledge and HATE the fact their super secret schemes have been put out in public

Yep. The lies put forth by Melvin and the Liars(Great band name, btw) were patently obvious from the start. The act that sealed the deal was RHs suspension right at a time when they could drive the price down and grab a shitload of shares.

I like the stock
 

Badfishy1

Active member
Yep. The lies put forth by Melvin and the Liars(Great band name, btw) were patently obvious from the start. The act that sealed the deal was RHs suspension right at a time when they could drive the price down and grab a shitload of shares.

I like the stock

RH takes money from citadel for their ‘market analytics’. The irony in the name alone proves there IS a god and he is a sadistic mother fucker! Same shit happened in 1908 when the ‘bankers’ over issued gold certificates. The amount of certificates > actual gold. Hence the ‘federal reserve’ was created. Only issue know is with technology, the masses are able to commicate. Melvin, citadel and hedge funds in general got caught with their dicks in the birthday cake and have no exit strategy in sight

Even the fall back ‘alt-right white nationalist Natzees caused this’ talking point has fallen on deaf ears.
 

mexweed

Well-known member
Veteran
hating the player and not the game, they are both feeding from the same toxic monstrosity, B Real perhaps said it best "a lot of sharks out there trying to take a bite of something"
 

Tudo

Troublemaker
Moderator
ICMag Donor
Veteran
Portnoy calls for people to be jailed over Robinhood scandal in scathing interview

Portnoy calls for people to be jailed over Robinhood scandal in scathing interview

Portnoy calls for people to be jailed over Robinhood scandal in scathing interview
https://www.youtube.com/watch?v=S0HvhZIyfag



Man did ya'll see that pizza in connecticut?
 

ButterflyEffect

Well-known member
RH takes money from citadel for their ‘market analytics’. The irony in the name alone proves there IS a god and he is a sadistic mother fucker! Same shit happened in 1908 when the ‘bankers’ over issued gold certificates. The amount of certificates > actual gold. Hence the ‘federal reserve’ was created. Only issue know is with technology, the masses are able to commicate. Melvin, citadel and hedge funds in general got caught with their dicks in the birthday cake and have no exit strategy in sight

Even the fall back ‘alt-right white nationalist Natzees caused this’ talking point has fallen on deaf ears.

What you said here is one of the most important things to impact our culture, maybe ever. The ability to speak and act together as one voice creates tremendous power for the people.

The toothpaste is out of the tube and it aint going back in
 

flylowgethigh

Non-growing Lurker
ICMag Donor
You ain't got shit for being able to get together and conspire against WS. They will just shut the site down, like twatter does to conservatives. It is a big club, and you ain't in it.

I read a while ago that the reddit bunch is bailing on silver, cause greedy hedge funds own a lot. I hope that was JPM spreading a lie, and they are short again.
 

Latest posts

Latest posts

Top