Greetings Me Droogs N Droogettes!
Time for another episode. This one is all about the “GameStop-Gate” that has the collective (((Wall Streeters))) shitting in their collective yarmulkes. My reason for attributing the tribe to the now-panicked Hedgefunders is the names are a dead giveaway. Cohen et. al… and right now? Because of the new game in town, i.e. the retail investors as they’re referred to, they’re about to get hoisted and fucked hard.
The long and the short (heh) of it is that a bunch of Hedgies went all in on shorting the fuck out of the soon-to-be bankrupt GameStop. Vidya Game and Overpriced consoles and such whatnot. March of last year (which I had known) the stonk price was at about $5 and change a share. It’s been sitting that way for a while.
Up until some of the Autists who used to be Q folks got involved.
Never fuck with the Geeks and Autists man, that’s one group you want on yer side. Apparently, with nothing to do now knowing “Q” was bloviation and bullshit, some of them turned to following a sub on Reddit about ye olde Stonks… where someone figgered out that the Hedgies were shorting GameStop, (which means in finance, being short in an asset means investing in such a way that the investor will profit if the value of the asset falls) with the intent on making a boodle when it eventually crashed n burned.
The Autists on the Chans and Reddit got in, and started one-to-one retailing it… meaning buying the stonks of the company. Which, in turn started raising the price. To the tune, as you see above, the closing price after one day of trading went up $201.The Hedgies, fully expecting to do the usual “buy and dump”, had taken out huuuuuge leverages… meaning they ‘borrowed’ shares, with (((Cohen))) getting positively destroyed in the process. I don’t claim to full unnastand it, but essentially, he ‘owes’ that ‘borrowed’ shares… and the only way he can get them is to buy them.
At the currently seriously over-inflated price of now almost $350 a share.
In other words, the Autist nuked a bunch of the Hedgies, and are prepared to do it again
However”We’re from the Government and we’re here to help!”
The Fed and just aboot everyone the Hedgie Bought N Paid for over the years are now trying mad shenanigans to stop this sort of unamerican, probably Russian ordered and inspired Stonk Manipulation.
The free market is offishully over and dead, not that it had any ‘real life’ to begin with. Couple it with someone being federally charged for “mean tweets” under the name of Charlie Sheen’s character in that baseball movie… yeah… shit’s gone and went sideways.
See, on One Hand, they want and need the ‘regular guy’ to throw their dollars at the Stonks so’s they can eventually hoover it all up.
BUT Normies aren’t supposed to make 300 million on a $53,000.00 investment.
That happened… one dude who’s been holding stonks in GameStop since late 2019? $53K investment… fucker is now worth “Fuck You Money” at 300 Mil….
Yep.So to recap, Normie Wealth = Bad, Hedgie Pillaging = Good.Pillaging the Stonks?That’s only for (((select members))) of the “Club”
Remember as George Carlin said, “It’s a Big Club, and you ain’t in it.”
THIS is what I expected when the “Q” shit shit the bed. The Autists with nothing to do now?
Pissed as all fucking get-oot at the Powers That Be?
A very nice legal lash-out that hit ’em where it hurt. The fucking wallet.
Well Played Gang, Well Played.
So, my expectations?
Well with the normal, well thought out, regulated thought process of the current Glorious and Eternal party in charge, I figure that they’ll do some well-planned and reasonable adjustments to insure a well regulated and fair market that all are welcome to participate in.
Who the fuck am I kidding? They’ll be banning and getting the Fed to bail them out for the biiiiilllllions they just lost, stick it on the taxpayer tab, spit in our face, ban anyone from playing who gets too big for Ye Olde Britches and arrest everyone else for undermining the economy.
Already started I see since I started writing this.
Discord has banned the sub that started it…
Yep… a well measured response… which is code for “The ship hit a rock, Captain and Crew first!”
So, enjoy the decline
More Later I Remain The Intrepid Reporter