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Orio posted:Popped into the BBBY bankruptcy hearing. One of the main comments of the judge was that the bankruptcy plan should be even more explicit that shareholders get nothing lol lol the stock took a 10% dip (3 whole cents) based on that https://www.cnbc.com/quotes/BBBYq
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Aug 1, 2023 20:35
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lol the panic in this thread as the price drops. https://www.reddit.com/r/BBBY/comments/15f3jfr/daily_discussion_thread_august_01_2023/
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Aug 1, 2023 20:37
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Rescuing for the new page
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Aug 1, 2023 20:39
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Greetings Fellow Apes, and to the manipulative shorts, gently caress you! I'm an X,XXX holder, so far, (DRS:Book) working my way up to XXX,XXX,XXX. I just wanted to remind the shorts who lurk on this sub how absolutely hosed they are. I am digging in for the long haul. I have a very stable job in public service with a pension and make alright money. I am also in professional school and will start earning about 4x my current income in around 2 years. I have just invested some funds into a Dividend paying ETF and will send every penny paid out into GME for the end of time (I am diversifying the tools I use to buy more GME). On top of this I am a Pro member and spend about $100 a month at GameStop, will bump this up as we go. If GME ever issues a dividend, 100% of that will go to buying more shares and supporting the company. When this rockets, and I sell a few shares on the way down for no less than the floor, I will spend 5% of the money in my account each day on buying more shares (by using 5% of my account balance I will never run out and will always have buying pressure). A chunk of money from that sale will also go into the dividend paying ETF and all of those dividends will also go to buying more shares of GME. I DON'T CARE WHAT THE PRICE IS. I will DRS:Book everything. I will do this until I own the whole float, THE WHOLE MUTHER loving THING, which is going to be pretty difficult knowing the apes in this community. When I am dead, the trust I set up will keep this going for generations. This will keep GME's stock price nice and healthy so if the company ever needs to raise additional funds they will be in an extremely healthy position. If GameStop keeps up their part of the deal, I'll keep up mine. This is way bigger than me, this may be the best hope we have at fighting this corrupt system. This is the hill I chose to die on, and there are many, many others like me. I don't care how intelligent of an AI you create to try and weasel out of this, you have already lost. - You're gonna carry that weight.
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Aug 1, 2023 20:39
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Impossibly Perfect Sphere posted:lol the panic in this thread as the price drops. Lmao 
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Aug 1, 2023 20:41
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In all seriousness, if I were a small hedge fund who were short GME bc my stupid bitch overlords told me to be short GME, and I read this post, I would bounce. Close out my short positions at a loss and disconnect my phone. Then when my bitch overlord finally gets through to me and asks me to clarify the rumor he heard that I closed out of my positions I would just keep saying “what??” more and more confused like Tim Robinson in the one person can’t eat all of the nachos sketch. That’s how good and powerful this post is. gently caress these motherfuckers. I don’t think they can gaslight us forever. And whenever they give up, it’s party time.
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Aug 1, 2023 20:42
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Cyrano4747 posted:Lmao Edit: also holy crap Reddit threads are a terrible medium for following events in real time.
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Aug 1, 2023 20:45
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https://www.youtube.com/watch?v=M5QGkOGZubQ&t=3s rough draft.
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Aug 1, 2023 20:47
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Price still falling lol. Apparently this was the last straw for many apes. Edit: omg now these morons are all buying.
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Aug 1, 2023 20:48
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Tbh I do imagine some of those “buying the dip!!” are baiting for exit liquidity.
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Aug 1, 2023 20:54
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Lmao at the guy boasting he bought 4 shares. You spent a whole dollar, good on you.
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Aug 1, 2023 20:56
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Collateral Damage posted:Lmao at the guy boasting he bought 4 shares. You spent a whole dollar, good on you. Those shares will go to the MOON though. LMAO at you not buying any
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Aug 1, 2023 21:01
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im bedridden i took a bath im ready for the beyond
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Aug 1, 2023 21:05
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ryde posted:I really want to see a big meltdown around BBBYQ but I think I’ll be blue balled. The people still holding at this point will probably be still “holding” their cancelled shares years from now and posting about how Cohen is about to bail them out. Keep hodling on brother, the MOAM (mother of all meltdowns) cometh
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Aug 1, 2023 21:26
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RE: The evil hedge funds What happens to shorts after the stock dies? I assume there's no real point in holding a short to much less than a quarter for a fund with real money sloshing around.
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Aug 1, 2023 21:26
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nomad2020 posted:RE: The evil hedge funds nothing, they made 100% profit and don't need to buy anything back
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Aug 1, 2023 21:30
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I have 132 shares and missed the boat a long time ago managed to forget but I’ve been using Revolut again on holiday and honestly, I just 🤷♂️
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Aug 1, 2023 21:34
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my hope, as foolish as it may be, is that, someday, no one will fall for this get rich quick bullshit ever again.
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Aug 1, 2023 22:14
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Impossibly Perfect Sphere posted:https://twitter.com/shortdestroyer/status/1685680150115926016 This argument is outrageous and if it works the judge would be basically legalizing swindling stupid people. "Buy these stonks from me they're going to the moon!" "Your honor I can't have defrauded anyone into buying stocks because I clearly said 'stonks' which is not a real thing anyone can buy so if they went and bought some stock it has nothing to do with me. Also stocks are paper certificates representing ownership in a company, they have no propulsion systems and cannot achieve lunar orbit, no one could infer a claim that stock prices will go up from a figurative story about a lunar expedition."
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Aug 1, 2023 22:20
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VitalSigns posted:This argument is outrageous and if it works the judge would be basically legalizing swindling stupid people. Swindling stupid people is an American tradition. A moon emoji tweet does fall pretty explicitly under the "immaterial puffery" concept they're referring to though.
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Aug 1, 2023 22:48
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VitalSigns posted:This argument is outrageous and if it works the judge would be basically legalizing swindling stupid people. This is already legal, you just need to be running for office when you do it
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Aug 1, 2023 22:50
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VitalSigns posted:This argument is outrageous and if it works the judge would be basically legalizing swindling stupid people. If you buy my stocks it Minecraft you're going to make 💎💎💎
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Aug 1, 2023 23:02
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Huh it's not the only emoji involved case in the crypto world, a court that ruled an NFT is a security cited some emoji quote:Also notable is the court’s finding that the complaint plausibly satisfies the “expectation of profits” prong of Howey by alleging the use of emojis in a handful of Dapper Labs Tweets—the “rocket ship,” “stock chart” and “money bags” emojis. The court said these “objectively mean one thing: a financial return on investment,” even though the Tweets do not use the literal word “profit.” Very serious investment area for big brained geniuses
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Aug 1, 2023 23:28
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Salt Fish posted:Greetings Fellow Apes, and to the manipulative shorts, gently caress you! Bitcoin: If GameStop keeps up their part of the deal, I'll keep up mine
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Aug 1, 2023 23:29
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"Watch this short sellers, soon I'll be able to buy all of Gamestop on my government middle management salary" doesn't seem like it proves what he thinks it does.
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Aug 1, 2023 23:32
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You want my financial advice? I think you should buy BBBY. This is not financial advice.
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Aug 1, 2023 23:58
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"This is not financial advice" is basically a spell they think can save them from any consequences.
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Aug 2, 2023 00:14
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VitalSigns posted:This argument is outrageous and if it works the judge would be basically legalizing swindling stupid people. Eh, puffery is a thing. If a place advertises "we have the best pizza in town", you can't sue them for damages if you've had better pizza elsewhere. That doesn't mean you can't do a securities fraud, but Cohen's tweet doesn't seem to rise to that level. The class action lawsuit seems to rely on the same nonsense logic we make fun of here - "actually my clients believed this 4 word tweet is a secret winking sign that this heavily indebted rapidly failing company is worth trillions". No, your clients are morons.
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Aug 2, 2023 00:17
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By that logic you can't charge anyone using slang
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Aug 2, 2023 00:23
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I thought it made sense until I saw the emoji he used. 🌝 <- this guy doesn't mean "the stock is going to the moon" (this is the one cohen used) 🌙 <- this one could, depending on the context. that's my thought on emoji law.
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Aug 2, 2023 00:23
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Boxturret posted:"This is not financial advice" is basically a spell they think can save them from any consequences. It seems they don't understand that the real world does not function like smart contracts and intent actually matters.
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Aug 2, 2023 00:24
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Trillhouse posted:I thought it made sense until I saw the emoji he used. I honestly feel the opposite
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Aug 2, 2023 00:31
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Salt Fish posted:DRS:Book Why does he keep saying this Are they bragging that they aren’t holding the shares in a margin account in order to keep them from being lent to a short seller? Is it a different, dumber, thing?
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Aug 2, 2023 01:01
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coolusername posted:Tbh I do imagine some of those “buying the dip!!” are baiting for exit liquidity. I'd be shocked if this wasn't what started the whole thing in the first place. Hedge fund managers LARPing as grassroots activists.
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Aug 2, 2023 01:11
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Corey Graves, no!
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Aug 2, 2023 01:27
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Boxturret posted:"This is not financial advice" is basically a spell they think can save them from any consequences. My "this is not financial advice" t-shirt is prompting a lot of questions answered by my t-shirt.
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Aug 2, 2023 02:26
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they should update it to simply say: "lmbos"
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Aug 2, 2023 02:47
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Agents are GO! posted:My "this is not financial advice" t-shirt is prompting a lot of questions answered by my t-shirt. My drawing of financial advice and the words ceci n'est pas un conseil financier
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Aug 2, 2023 02:48
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drk posted:Eh, puffery is a thing. If a place advertises "we have the best pizza in town", you can't sue them for damages if you've had better pizza elsewhere. Advertising pizza is different than selling securities though. If you tell someone stock XYZ is the best investment in the world so you can offload your shares onto suckers that's not puffery that's fraud.
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Aug 2, 2023 05:14
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bertolt rekt posted:Why does he keep saying [DRS book]? https://www.thebalancemoney.com/what-is-the-direct-registration-system-or-drs-for-stocks-357536 This, apparently. Direct Registration System for registering ownership of stocks without involving a stockbroker. IIRC, an increasing number of stockbrokers no longer allow trades of BBBY, for obvious reasons. And maybe what you said, too. BigBadSteve fucked around with this message at 07:22 on Aug 2, 2023 |
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Aug 2, 2023 07:19
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