If there are 100 cents in a dollar it would leave you to believe there is a 1 in 100 chance any stock closes at x.00. However, I would argue that odds of this happening are better than 1/100 since we have a lot of amateur traders who are more likely to stick to whole dollar numbers than the pros.

So at worst we are talking about (1/100 * 1/100 =) 1 in 10k. And no it shouldn't be (1/100)^3 because that screenshot could have been anytime pre-market and it isn't hard to screenshot on x.00 if you are given hours to do so.

from an article I read on yahoo news: Referring mainly to GameStop, the Shark Tank star said: “If you can afford to hold the stock, you hold. I dont own it, but thats what i would do. Why? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work. I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB. I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again.”

This is pretty disgusting. I know cuban and others celebrities and politicians are asking for RH executives to be investigated, but I think Cuban should be held accountable for saying the above and is more guilty than them.

Portney on the other hand likely shouldn't be held accountable to the trash he is saying because he isn't a sophisticated investor as cuban is.

"Barstool Sports founder Dave Portnoy said he lost $700,000 on "meme stocks" like GameStop." LOL

I don't really care about the meme stocks but it was pretty weak of Portnoy to sell out after being such a strong advocate here. He is one of the people who could afford it.

Bahbahmickey, excuse yourself, he's a ****ING BILLIONAIRE:

This is pretty funny - this is one of the highest upvoted comments in a thread about GameStop hiring a fairly low-level manager at AWS as their CTO:

https://www.reddit.com/r/wallstreetb...eb2x&context=3

Yup, hire a rando from Amazon, build an AWS competitor and a Twitch competitor, easy money.

Maybe Mark should of stepped up to buy rather than egging on a bunch of idiots who make 25k a year

Shame GME didn't think of building EVs. That's where the real money is.

putting all of their cash in bitcoin would get them to $200, doing an EV gets them back to $400. Problem solved.

https://www.theatlantic.com/ideas/ar...-wrong/617905/

Agree with almost all. Way more accurate picture of what happened.

This is the stock market in a nutshell right now. The market has been so damn eager to slurp any BS narrative fed to it and price in ASAP the best case scenario for the future of the stock.

Atlantic article starts with the conclusion, picks out irrelevant info and exaggerates facts to get to the conclusion.

What parts did you disagree with? I think the comparison to occupy wall street is dead on as both "causes" are based off of terrible logic and will end without accomplishing anything important.

Whenever I read stuff like this about stuff I'm knowledgeable about and is pure and utter BS it kinda makes me feel worried about how much I use Reddit to stay up to date on various topics. Oh well.

I have only recently visited reddit for the first time ever since all of this current gme stuff happened. Not a fan. As a site it looks bad and is hard to follow, read or even look at.

Agree but can say the same about Twitter and FB. I'm always amazed at how certain sites become huge when they look terrible and are barely usable. First mover/critical mass of users I guess.

Reddit is amazing. Not sure how you would organize millions of users any better.

You guys are probably old heads though

edit: reddit is amazing as long as you are just looking into the monkey cage. Don't hop in

I find Twitter to be pretty good but I only view it through lists I have created of just the people I want to follow. Also no ads on lists and I can group them by subjects I am interested in. So when I am trying to follow my investment/trading guys it isn't intertwined with my baseball guys or news guys etc.

Facebook? Can't say as I have never (and will never) see a facebook page in my life.

The Reddit investing or personal finance seems decent, have found it fairly useless to get any useful info on things like business advice or car repairs, home improvements. The specific forums that have been around for awhile seem better. With Reddit though you have a bit of everything all in one.

+1

Exact same experience for me as i too was a reddit virgin.

Speaking of which I had this thread earlier:

https://forumserver.twoplustwo.com/3...-news-1770816/

Anything else that beats r/wallstreetbets, r/stocks, r/investing, etc? I don't even mind the memes or irreverence, but I don't like how WSB can be entirely taken over by a hive mind.

Low traffic, but r/securityanalysis, r/valueinvesting

BFI might have the highest ratio of winners:losers posted on the entire internet. Some super savvy people here

Might be some private resources that are better

GME is back baby! +2.68% in one day. ������������ Suck on it T-bills and money market accounts!

this is just wrong. Shorts shorting a stock has nothing to do with their ability to access capital in the markets. They cannot attract new capital because: a] suspicions of fraud, b] overleverage, c]mgmt seen as incompetent, d] overall industry/economic issues, e] terrible results.

If a company is 'vulnerable' it is because their underlying business sucks. You have cause and effect reversed.

Put differently, shorts did very well in 2008-early 2009. The junk bond markets were closed for months; but for reasons that had NOTHING to do with short-sellers.

The fact that a US cyclical's stock had fallen from 55 to 15 wasn't impairing their ability to borrow -- which they eventually did when the bond markets re-opened. Banks and bond managers and pension funds didn't care they were investing in debt of a firm whose equity mkt cap had fallen 70%.

Today, virtually any public company not going quickly BK can access the bond markets and even issue covenant-lite debt, ffs.

How many companies, not suspected of fraud like wirecard or Enron, with nicely growing top and bottom lines are heavily shorted? I can think of none [excluding M&A deals where they are the acquirer].

Correct. Permit Capital and several others are known to have cashed in bigly.

Institutional ownership, at last filings, were 95% of GME.