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[StreetsofBeige]

Holy shit his first post of a yolo update since forever

https://www.reddit.com/r/Superstonk/s/h6zAEcPDqs

5 MILLION SHARES and 120K calls! That’s 12 million shares he can exercise if ITM. He would have 17M shares possibly for his play.

The fucking madman. He had 200k shares pre-split, so 800k shares, he bought another 4.2M. He loaded up massively since 2021.

A $210.7M play

He’s back

Fuck I'm tempted. I'm pretty much all maxed out in my investment accounts, except I got about $30,000 loose. I'm itching to see if I can get in at the open and dump it by end of day. Well see!

I never bougt GME before. But made money dabbling many times on AMC, BB and even Nokia during the meme craze.

GameStop Set to Jump as Keith Gill Post Shows $116 Million Bet

(Bloomberg) -- GameStop Corp.’s shares are set for a wild ride at Monday’s opening after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the stock.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at...

finance.yahoo.com

GameStop Set to Jump as Keith Gill Post Shows $116 Million Bet​

 

[StreetsofBeige]

Hope this gambler loses it all on this stupid nonsense

Why would you be happy if people in the markets lose money? All of us who invest in homes or stocks are just trying to make a buck.

Dont tell me youre one of those people who finds out a friend or fam member lost money in the markets and you laugh in their face.

 

[James Sawyer Ford]

Why would you be happy if people in the markets lose money? All of us who invest in homes or stocks are just trying to make a buck.

Dont tell me youre one of those people who finds out a friend or fam member lost money in the markets and you laugh in their face.

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

 

[StreetsofBeige]

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

Guess what? Most of us arent "investing" either because anything can go down except guaranteed stuff like term deposits or GICs. We just pick stocks (whether safe steady company or gamble it on a tech stock) and hope it goes up. I own shares in BNS (Bank of Nova Scotia). I just want it to go up and it pays a good dividend. I dont even use BNS for chequing or saving. I also got on the NVDA train and am up too. Really high interest rates arent good for these kinds of companies. Are these investing or gambling?

 

[Pejo]

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

Tell me your opinion on investors that shorted the stock to begin with, to drive Gamestop to close and make a shitload of money off of its closure? Is that just nice guys playing by the rules?

I know there's a lot of "ifs" left in this equation, but it could be the single biggest redistribution of wealth in our lifetimes if they're forced to cover the shorts.

 

[James Sawyer Ford]

Tell me your opinion on investors that shorted the stock to begin with, to drive Gamestop to close and make a shitload of money off of its closure? Is that just nice guys playing by the rules?

I know there's a lot of "ifs" left in this equation, but it could be the single biggest redistribution of wealth in our lifetimes if they're forced to cover the shorts.

I have no issues with the act of short selling. It is an important mechanism in price discovery and keeping markets efficient. However, if short sellers themselves are involved in fraudulent behavior and collusion, then obviously I am against that as well.

Guess what? Most of us arent "investing" either because anything can go down except guaranteed stuff like term deposits or GICs. We just pick stocks (whether safe steady company or gamble it on a tech stock) and hope it goes up. I own shares in BNS (Bank of Nova Scotia). I just want it to go up and it pays a good dividend. I dont even use BNS for chequing or saving. I also got on the NVDA train and am up too. Really high interest rates arent good for these kinds of companies. Are these investing or gambling?

The act of investing has no bearing on whether something can "go down". Yes, that's obvious. It could go to zero and still be an investment which didn't end up panning out. What is happening here is the use of options for short term speculation and/or collective collusion with a massive reddit community and using your fame to signal to others to pump the stock price. A classic pump and dump scheme using modern technology and working around the margins of what is technically legal.

 

[StreetsofBeige]

The act of investing has no bearing on whether something can "go down". Yes, that's obvious. It could go to zero and still be an investment which didn't end up panning out. What is happening here is the use of options for short term speculation and/or collective collusion with a massive reddit community and using your fame to signal to others to pump the stock price. A classic pump and dump scheme using modern technology and working around the margins of what is technically legal.

Anyone who jumps on the meme stocks knows it's a short term gamble. During the meme craze Koss I think zoomed to $60/share. It started at $2.

But the key thing is why do you enjoy seeing people lose money? When someone you know goes to a casino and loses $500, do you tell them deserved it and laugh in their face?

 

[James Sawyer Ford]

Anyone who jumps on the meme stocks knows it's a short term gamble. During the meme craze Koss I think zoomed to $60/share. It started at $2.

But the key thing is why do you enjoy seeing people lose money? When someone you know goes to a casino and loses $500, do you tell them deserved it and laugh in their face?

I don't enjoy seeing markets manipulated bordering on fraud, and it has nothing to do with being "happy" he loses money. I don't want to promote gambling and speculation period. When someone goes to the Casino and loses $500, I just hope they know that was the likely intended outcome and they received good entertainment value out of their time.

 

[Buggy Loop]

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

Dude went radio silent when his last update was $34M and came back 3 years later with $210M

Without a single word or post

I have no issues with the act of short selling. It is an important mechanism in price discovery and keeping markets efficient. However, if short sellers themselves are involved in fraudulent behavior and collusion, then obviously I am against that as well.

Do you think short sellers can short a stock beyond even the available number of shares too? Or fail to deliver being the highest in the industry meaning the hedge funds are not meeting their legal obligation?

The act of investing has no bearing on whether something can "go down". Yes, that's obvious. It could go to zero and still be an investment which didn't end up panning out. What is happening here is the use of options for short term speculation and/or collective collusion with a massive reddit community and using your fame to signal to others to pump the stock price. A classic pump and dump scheme using modern technology and working around the margins of what is technically legal.

As if it's not happening every day on live TV?



The hedge funds are actually fomenting the opposite plays and setting traps for the public to fall into and leech the money away, supported by all the big medias. DFV basically likes the stock and keeps adding to his portfolio. Do you understand the difference? He's got >$210M of cash. That's money for living the life for the rest of his life and his kids too. He's STILL IN.

So otherwise, it's options your problem? We’re grown men. Peoples play with options every day on every stocks. He made his fortune with options. That’s his play.

Because of his yolo, he shun a light on how fucking corrupt the casino is. Thank him at the very least. For a minute you saw the casino stopping the machines because the house wasn’t winning and they got away with it.

 

[Buggy Loop]

Holy shit at the timing of that guy, again.

 

[James Sawyer Ford]

Dude went radio silent when his last update was $34M and came back 3 years later with $210M

Without a single word or post



Do you think short sellers can short a stock beyond even the available number of shares too? Or fail to deliver being the highest in the industry meaning the hedge funds are not meeting their legal obligation?



As if it's not happening every day on live TV?



The hedge funds are actually fomenting the opposite plays and setting traps for the public to fall into and leech the money away, supported by all the big medias. DFV basically likes the stock and keeps adding to his portfolio. Do you understand the difference? He's got >$210M of cash. That's money for living the life for the rest of his life and his kids too. He's STILL IN.

So otherwise, it's options your problem? We’re grown men. Peoples play with options every day on every stocks. He made his fortune with options. That’s his play.

Because of his yolo, he shun a light on how fucking corrupt the casino is. Thank him at the very least. For a minute you saw the casino stopping the machines because the house wasn’t winning and they got away with it.

This is what defenders of this stuff always say “bububu he just used fraud to expose fraud”

Two wrongs don’t make a right

 

[Buggy Loop]

This is what defenders of this stuff always say “bububu he just used fraud to expose fraud”

Two wrongs don’t make a right

Because he posts his position?

 

[James Sawyer Ford]

Because he posts his position?

He uses his position in a community to distort markets to a degree that no other media could ever dream of

 

[Buggy Loop]

He uses his position in a community to distort markets to a degree that no other media could ever dream of

Sure buddy

Distorting would mean he shows a long position while being short. That's what hedge funds do and go on TV for.

He keeps adding to this GME portfolio, that's it. Big manipulation

 

[James Sawyer Ford]

Sure buddy

Distorting would mean he shows a long position while being short. That's what hedge funds do and go on TV for.

He keeps adding to this GME portfolio, that's it. Big manipulation

No, distorting can simply be pumping and dumping, which is what he’s doing in a novel way not possible before

He’s flashing his portfolio or even just making his presence known, rallying the apes to his cause to temporarily spike the stock so it’s greatly in the green upon the expiry of the options

 

[Buggy Loop]

What the fuck happened to Berkshire Hathaway??? Total crash. Glitch?

edit- Yeah, NYSE is going bonkers

 

[Buggy Loop]

No, distorting can simply be pumping and dumping, which is what he’s doing in a novel way not possible before

He’s flashing his portfolio or even just making his presence known, rallying the apes to his cause to temporarily spike the stock so it’s greatly in the green upon the expiry of the options

The shorts are doing the heavy lifting job for convincing peoples to buy the stock and squeeze them out than just a dude owning the stock. The play is the same as 2021. Everyone laughed at him with this 50k YOLO, everyone. The squeezed showed everyone the DD. They're balls deep in shorts and there's no digging their way out of.

 

[James Sawyer Ford]

The shorts are doing the heavy lifting job for convincing peoples to buy the stock and squeeze them out than just a dude owning the stock. The play is the same as 2021. Everyone laughed at him with this 50k YOLO, everyone. The squeezed showed everyone the DD. They're balls deep in shorts and there's no digging their way out of.

Just because a stock is shorted doesn’t mean they deserve to have that market manipulated against them

 

[Unknown?]

This is not investing. He's manipulating markets via his "clout" with the reddit ape community. It's gambling, and basically using the margins of what's technically "legal" but in practice represents the intent of fraud.

Man if I told you how our entire monetary and banking system worked, you would know what fraud is. You work hard to earn currency and there are those who can create it out of nothing(legalized counterfeit) to benefit their interests while stealing purchasing power from everyone else

I agree with you but this is how ALL big market players operate, he's just playing by their own rules.

 

[Buggy Loop]

Just because a stock is shorted doesn’t mean they deserve to have that market manipulated against them

You can keep throwing that work manipulation time and time again, it doesn't really matter and legally, in front of justice, was deemed not manipulation.

Stay mad.

 

[James Sawyer Ford]

You can keep throwing that work manipulation time and time again, it doesn't really matter and legally, in front of justice, was deemed not manipulation.

Stay mad.

Just because something is technically “legal” (more appropriate term would be the legal system simply hasn’t had to deal with such issues previously), doesn’t make it right.

 

[James Sawyer Ford]

Man if I told you how our entire monetary and banking system worked, you would know what fraud is.

I agree with you but this is how ALL big market players operate, he's just playing by their own rules.

There’s nothing fraudulent about our monetary and banking system. It’s just how the system was designed to operate.

There may be some market players engaged in the same sort of shenanigans and I’d say they deserve the same disdain and treatment, but the market is enormous and I’d say most actors play in good faith

 

[Buggy Loop]

Just because something is technically “legal” (more appropriate term would be the legal system simply hasn’t had to deal with such issues previously), doesn’t make it right.

Is ARK investment putting weekly their positions manipulation? All hedge funds who put their positions publically?

You don't like it, ok

 

[Unknown?]

There’s nothing fraudulent about our monetary and banking system. It’s just how the system was designed to operate.

There may be some market players engaged in the same sort of shenanigans and I’d say they deserve the same disdain and treatment, but the market is enormous and I’d say most actors play in good faith

A ponzi scheme isn't fraudulent? Okay then.

 

[James Sawyer Ford]

Is ARK investment putting weekly their positions manipulation

No because their position being known isn’t moving an entire community to pump up a single stock

 

[James Sawyer Ford]

A ponzi scheme isn't fraudulent? Okay then.

How is it a Ponzi scheme? This term gets thrown around far too loosely and loses meaning

 

[GHG]

No because their position being known isn’t moving an entire community to pump up a single stock

Oh boy...

Cathie Wood was the number one public pumper for Tesla for a very long time.

 

[AJUMP23]

Volatile today.

Roaring kitty revealing positions is not a Ponzi scheme, it may be market manipulation but hedge funds and other investors reveal positions and trades all the time.

 

[James Sawyer Ford]

Oh boy...

Cathie Wood was the number one public pumper for Tesla for a very long time.

Promoting a stock is not a cause -> effect “pump”. Tesla stock was going up because of fundamentals

She’s still buying Tesla stock and it’s been one of the worst performers in the S&P the last few years

Its very obvious in the case of roaring kitty

 

[GHG]

Promoting a stock is not a cause -> effect “pump”. Tesla stock was going up because of fundamentals

She’s still buying Tesla stock and it’s been one of the worst performers in the S&P the last few years

Its very obvious in the case of roaring kitty

Show me how these "fundamentals" compare at it's peak vs now.

You might be surprised.

 

[James Sawyer Ford]

Show me how these "fundamentals" compare at it's peak vs now.

You might be surprised.

It was growing earnings massively after turning the production corner

Yeah the market was wrong how long that growth would persist, and they all deluded themselves into buying the theory that Tesla would be a robotaxi company in the near future.

The mere fact that Kathie Wood had positions wasn’t driving the price

In fact, given the size of Tesla (much larger market cap than GME), it couldn’t

 

[Unknown?]

How is it a Ponzi scheme? This term gets thrown around far too loosely and loses meaning

It's designed so it has to create more and more debt to work. If you stop creating debt, you stop creating currency and if you pay off the debt, you extinguish the currency supply. Total debt plus interest always exceeds total assets. It's always those at the top who benefit massively at behest of those at the bottom.

The dollar, like all state-owned money, is a multi-generational Ponzi, where the benefit you receive from being part of the Ponzi decreases based on how late you’re born into the system.

Here

 

[James Sawyer Ford]

It's designed so it has to create more and more debt to work.

That’s not a Ponzi

 

[GHG]

It was growing earnings massively after turning the production corner

Yeah the market was wrong how long that growth would persist, and they all deluded themselves into buying the theory that Tesla would be a robotaxi company in the near future.

The mere fact that Kathie Wood had positions wasn’t driving the price

In fact, given the size of Tesla (much larger market cap than GME), it couldn’t

Dude, Cathie Wood was in the global press saying she believed tesla was going to be a $2000 per share stock. If that's not pumping then I don't know what is.

Their fundamentals were shit when the stock was pumping, they were shit when she was in the press every single day. If you look at the finances of the company they are in a much better position now than they were in when the stock was over $1200 per share ($400 in today's terms post-split).

The reason the stock ran had nothing to do with fundamentals, it was all hype. Hence now that the fundamentals are actually in a reasonably strong position the stock still continues to trip over itself.

 

[Unknown?]

That’s not a Ponzi

Pyramid Scheme is more aptly named then, I was under the understanding that they meant the same thing.

 

[James Sawyer Ford]

Dude, Cathie Wood was in the global press saying she believed tesla was going to be a $2000 per share stock. If that's not pumping then I don't know what is.

Doesn’t matter, she doesn’t have an army of apes able to pump the stock on those wild proclamations

 

[GHG]

Doesn’t matter, she doesn’t have an army of apes able to pump the stock on those wild proclamations

Are you kidding?

Have you not seen her cult following on social media? Do you not realise they sell Ark merchandise?

If you've been exposed to finance spaces on social media the Ark shills are fucking everywhere.

 

[FoxMcChief]

Hope this gambler loses it all on this stupid nonsense

Good lord. You really are one of those kind of people.

 

[Griffon]

Don't invest in a company you don't believe in.

GameStop is just a meme, a relic from a bygone era. If its sole purpose is to be gambled on, then it will inevitably fail and whoever shorts it longterm will have the last laugh.

 

[James Sawyer Ford]

Their fundamentals were shit when the stock was pumping, they were shit when she was in the press every single day. If you look at the finances of the company they are in a much better position now than they were in when the stock was over $1200 per share ($400 in today's terms post-split).

That’s not true, it had rapidly appreciating fundamentals even if the current balance sheet was worse

The market is forward looking, and was projecting very large profitability which it sustained for a brief while.

Are you kidding?

Have you not seen her cult following on social media? Do you not realise they sell Ark merchandise?

If you've been exposed to finance spaces on social media the Ark shills are fucking everywhere.

I’m well aware of their shilling. I’m also well aware it really hadn’t done anything to their benefit. Their performance is awful in spite of a favorable overall market

They can’t laser eye on a single stock and cause it to bounce

 

[Unknown?]

That’s not a Ponzi

"It's always those at the top who benefit massively at behest of those at the bottom."

"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. With little or no legitimate earnings, Ponzi schemes require a constant flow of new money to survive."

This is though and if you want to call it a pyramid scheme instead then so be it. That definition is how the monetary system works, it keeps taking new money from the populace to pay the ones in charge of the system. Banking is also another at best extremely misleading industry.

 

[Raven117]

Some of y’all really need to read what pyramid scheme / Ponzi schemes are…

As for this, meh. Godspeed to everyone involved.

 

[Buggy Loop]

Plebs without : access to low latency pipelines direct to stock market, AI algorithms for sniffing incoming traffic and make positions at milliseconds, media sucking your cock to put you on TV, SEC sucking your cock so that the employees get a job at your hedge fund eventually, dark pools where you make exchanges hidden away from terminals, banks and market makers doing the heavy lifting to save hedge funds, USA government being fine with a buy button removed in a "free market" *COUGH*, failures to deliver being fine for these hedge funds and leaving companies that are shorted helpless to know what is really happening, the list goes on. Heavy manipulation of media against a stock for 3 years.

Dude made a play from $50k to >$210M

His youtube channel is full of useful information for small investors, educational even. He doesn't just pocket the cash and live on an island. No he's still in and risking it all because he likes the stock.

I'm really gonna shed a tear for the poor shorts

Spoiler

NOT

 

[James Sawyer Ford]

Dude made a play from $50k to >$210M

His youtube channel is full of useful information for small investors, educational even. He doesn't just pocket the cash and live on an island. No he's still in and risking it all because he likes the stock.

The information he provides is not useful, but dangerous for small investors.

What he’s doing, how he got rich, is not repeatable for other investors as it requires an entire community of apes willing to lose it all to support you

 

[Buggy Loop]

The information he provides is not useful, but dangerous for small investors.

What he’s doing, how he got rich, is not repeatable for other investors as it requires an entire community of apes willing to lose it all to support you

Did you even look at his channel? He spent years explaining how to make excel sheets and how to check stocks with reasonable DD. Get a hold of yourself FFS, its getting sad.

 

[hangdang69]

If you are reading about this on NeoGAF for the first time, you're already too late.

 

[James Sawyer Ford]

Did you even look at his channel? He spent years explaining how to make excel sheets and how to check stocks with reasonable DD. Get a hold of yourself FFS, its getting sad.

He’s a gambler and speculator.

If he wanted to help retail investors he would tell them not to pick stocks and just buy index funds

 

[GHG]

That’s not true, it had rapidly appreciating fundamentals even if the current balance sheet was worse

The market is forward looking, and was projecting very large profitability which it sustained for a brief while.

I'm getting the feeling that you're misusing the word "fundamentals" here. Look at any measurable metric that the company had in 2021/2022 and compare them to now.

Yes when the stock was on the rise their fundamentals did improve from ~2019 onwards (they went from being essentially what was a start-up to a global brand in that time frame) but not to the extent that the stock was ever with $1200 with a market cap of $1.2 trillion (or ever going to be worth $2000 which from a market cap perspective would have been in excess of $2 trillion).

They can’t laser eye on a single stock and cause it to bounce

That's literally what they did for a long long period of time.

The information he provides is not useful, but dangerous for small investors.

It is useful, it's just that it's misunderstood and misused by many. People take his methods and invest with them, when what he's actually doing is momentum trading.

 

[Klik]

The real short squeeze could have been if they bought bitcoin in 2022/23 just like Microstrategy did..

 

[James Sawyer Ford]

I'm getting the feeling that you're misusing the word "fundamentals" here. Look at any measurable metric that the company had in 2021/2022 and compare them to now.

Yes when the stock was on the rise their fundamentals did improve from ~2019 onwards (they went from being essentially what was a start-up to a global brand in that time frame) but not to the extent that the stock was ever with $1200 with a market cap of $1.2 trillion (or ever going to be worth $2000 which from a market cap perspective would have been in excess of $2 trillion).

Tesla’s forward guidance showed rapidly improving fundamentals. Stock prices reflect the future expectations, not the past

That's literally what they did for a long long period of time.

Proof it moved markets to any large degree?

when what he's actually doing is momentum trading.

Sure is nice to have apes willing to create that momentum by manipulating the market

Retail investors shouldn’t be doing momentum trading. If they want to capture the momentum factor there are funds designed to achieve this