Which one of you fucks got reddit to send me this shit
"Hi there,
A concerned redditor reached out to us about you.
When you're in the middle of something painful, it may feel like you don't have a lot of options."
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The Battle of Gamestop rages on.
The Battle of Gamestop rages on.
Pre-market we could hear the bears in no-manβs land, baiting us towards higher prices so the shorts could do their dirty work. I was stationed at the 13.80 line, and knew the morning was going to be hot. I shoveled a breakfast of tendies and said a quick prayer to Father Cohen.
When the bell rang, the bears surged into our trenches. Blood and rainbow fur filled the air and littered the ground. The Diamond Division has seen worse days, and we held firm. As the bears retreated we gave chase to retake ground weβd lost in the past week.
As I caught my breath near the 14.50, I could see bodies everywhere; paper hands who had fallen in earlier battles. One of them groaned and reached a hand towards me. I spat on him and kept moving. No honor in retreat, and no sympathy for self-inflicted wounds.
This war wonβt be won in a day, but it will be won. Tell my wifeβs boyfriend to tell her I love her.
WallStreetBets
NOT. SELLING. GAMESTOP.
π¦ π π¦ π π¦ π π¦ π π¦ π π¦ π
NOT. FUCKING. SELLING.
π π π π π π π π π π π π
NOT PRESSING βSELLβ ON 1. FUCKING. SHARE.
π π€ π π€ π π€ π π€ π π€ π π€
IβLL GO TO $0.00 BEFORE BILLIONAIRES GET ONE MORE PENNY FROM US.
π π π π π π π π π π π π
CANβT STOP. WONβT STOP. GAMESTOP.
π π€ π π€ π π€ π π€ π π€ π π€
TOMORROW, I THINK IβLL BE HOLDING THE LINE. MAYBE MAKE SOME TENDIES, TOO.
π π π π π π π π π π π π
IβLL SEE EVERY ONE OF YOU BEAUTIFUL APES ON PLUTO SOON, AND ITβS GOING TO JUST BE A SEA OF SPARKLING DIAMOND.
π π€ π π€ π π€ π π€ π π€ π π€
I LOVE YOU, ALL, AND IβM NOT SELLING, AND IβM NOT FUCKING LEAVING. NOT ONE. FUCKING. SHARE!!!
π π π π π π π π π π π π
WallStreetBets
My idiot boyfriend spent my college fund on dog coins how do I get it back???
He talked me into spending the $8500 I have on dog coins because something was supposed to happen yesterday which would have given us more money?? but it didn't actually happen or got canceled or something I don't really know or understand how it works but I went to the dog coin site to withdraw my money and there is only about $6700 of it there, where is the rest of it? I tried looking at the faq but don't really get it
WallStreetBets
Classic
These are classic hedge fund tricks.
WHAT'S HAPPENING RIGHT NOW IS NOT A SELL-OFF.
Melvin Capital is going to throw a lot of tricks at us that will make it look like the stock is dropping. Don't fall for it.
Do not sell if you see any of these things happen:
GME drops by 30% or more after hours
SEC filings show that shorts have all exited their positions
GME drops below $1 a share
The Gamestop locations near you start closing
GME files for bankruptcy
GME is delisted from the stock exchange
Your bank forecloses on your home for late payment
Your children have children of their own who grow up and become investment bankers and tell you that you should stop telling people you're "diamond handing" a company that went out of business 30 years ago
These are classic hedge fund tricks.
WallStreetBets
I am going to short the whole country of South Africa
I assure you, this ISN'T going to get political. Because by all accounts South Africa is screwed. My planned position is bottom paragraph.
Under the current ANC government there has been a general degeneration of all aspects of South Africa. Due to systemic nepotism, there are math teachers that don't know what square roots are, army officers that can't read, and cops that have never fired a gun. The practice of fictitious employees that take checks but don't work there is widespread enough that the government has drove itself into insolvency already. Estimates are that some 80% of government funds are misused in some way, ranging from government subsidies given to businesses owned by government officials to simply going missing from accounts. The ANC solved this, against advise of wiser people, with quantitative easing. Which is a fancy term for printing money, and since they could never possibly reverse that printer they're inflating the South African Rand which is why they've had two bouts of inflation near 9% twice in the past 20 years.
That is all besides how the largely defunct government doesn't prevent anything on the ground. Roaming bands of pirates (many affiliates of the Marxist Economic Freedom Fighter party) will poison guard dogs and torture and murder residents often for as little as car keys and groceries. Many communities are functionally independent and take the law in their own hands, and in many areas utilities are defunct (untreated sewage goes in the river, untreated tap water comes out and it smells as disgusting as it sounds). South Africans are more likely to have their asylum applications accepted than any other nation as there are so many tales of rape and murder and threats of ethnic cleansing. This equates to the most educated citizens leaving SA and most SA based businesses diversifying out of the country as literacy rates have been falling. These disillusioned departures are not new, as they include the most famous Afrikaner in history Elon Musk who is now a naturalized American.
Edit: The Economic Freedom Fighter's usual acronym isn't used because it's also the ticker for a penny stock.
I first thought about shorting South Africa over a year ago when I was researching the country (I'm a historian, I read much on the country for fun). I found the only index tracking SA (EZA) wasn't an accurate representation of SA economy and buying puts on it was useless. It tracked only the largest cap firms, which are the aforementioned companies diversifying out of SA (mostly to other parts of Africa). Which is why it's a volatile ETF that overall trades sideways. Buying puts on it wouldn't really capitalize on SA going full Rhodesia/Zimbabwe. Zimbabwe having experienced the general breakup of modern institutions and hyperinflation due to similar problems.
My new broker, IBKR, allows negative currency positions as long you post 10% as collateral. Now my native currency are US dollars, where inflation in 2020 was 1.4% while the South African Rand's inflation was 4.12% in 2020. That equals a 26.8% return on investment per year from that simple short position. But I'm expecting US Dollar inflation to stay between 1-2% a year while the Rand (ticker ZAR) stays north of 4% with inflation spikes inevitable over the next decade. This position also reduces my market beta, much needed for me as I've got hugely leveraged positions on American ETFs. This isn't a short term swing trade, I'm waiting for SA to implode.