AMC maybeeeee but I wouldn't touch Nokia tbh
all of those other stocks are people riding on this momentum to try and pump up the stock and then sell it off for a quick profit. GME was actually a somewhat justified situation because A) the financials indicated that the shorts weren't valid and B) the shorting of it was absolutely absurd so its a legitimate move to push the stock price for when those hedge funds need to close and buy (because when they need to buy you're able to sell it to them for a profit while they take a massive loss)

for Nokia and etc the stocks are shorted but not anywhere near the same extent that GME was so essentially you're just hoping the stock price gets pushed up by people getting excited and buying some in the hope of the same thing happening

Bro. If anything, the market are more regulated now than it was pre-08.

someone correct me if this is wrong but the short position is still over 100% meaning that people who decided to short the stock (who essentially now 'owe' a unit of stock) still owe more units of the stock than actually exist right now

Possibly, depending on how out of hand buybacks get, but the cost of entry is way way higher now.

I didn't know about this until it was a huge meme so the real value was long gone by then.

theyre still nowhere near regulated enough though

the stock market bouncing back to records during the pandemic is proof enough that it's out of hand right now let alone the fact that there are hedge funds losing 30+% of their entire value right now off one position and potentially going bankrupt

once twitter hopped on this it was over lmao

very interested to see how this ends

people are f***ing nuts holding onto this still though

maybe im wrong but I cannot fathom a world that this goes past $500 let alone hitting $1000

I get that people wanna stick it to the hedge fund or whatever but if you've made a ton of money and you cant afford to lose it I would be getting the f*** out

Diamond hands bro

Believe it or not, some businesses (Amazon, Peloton, Zoom, etc.) have benefited from the pandemic.

Short selling is INCREDIBLY risky. It's an all or nothing type of deal and those hedge fund managers knew it.

respect tbh cause I would've dipped like two days ago but I also dont wanna see this loss fall on the hands of everyday people rather than these huge institutions

CRINE

i dont know the full story what happened today

Definitely makes a guy want to sit on reddit waiting for the next meme stock, hold onto it for a bit and cash in before the s*** gets regulated somehow. You know with this effort being a huge success for retail investors, there will be more bids for a dramatic short squeeze coming. Look at AMC Entertainment's price.

The question is: how gullible will these hedge funds be next time?

capital cannot precede labor

I get that but I still think the idea of being in a global pandemic with lockdowns and the stock market hitting records is just absurd

thats my problem though. when we're getting into things like that it's definitely going past just allocating capital and even though these hedge funds going under wouldn't ruin the economy the fact that theyre still doing s*** like this after 08 really irks me. I just think we need to have the size of these institutions capped so that if some s*** like this happens its a much smaller percentage going down because everything ive seen indicates that these guys aren't willing to stop operating at these risk levels

so what is the full story can someone explain what happen today

I never said it could
but capital does generate wealth - its a factor of production

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I want that s*** to crash its so overvalued

yeah i dont think fictitious capital is that.

wow really damn GG

huh? what is 'fictitious capital'?

and in your original post you just said capital can't generate wealth
that is blatantly untrue
you can't make a general statement like that and then say 'oh no I just meant this specific piece of capital can't do that'

lmfaooooo

I will ctfu if slim jims goes parabolic tomorrow