@redpillschool

Sucks to be Marvin Capital right now. That's almost genius level financial dark triad.

I'm not sure if that is funny or not. I guess the rabble found another way to Occupy Fuck Wall Street.

@goodmansaysfuckyou Even more interesting they're doing a short-squeeze. Marvin capital and a few other ne'erdowells had been shorting Gamestop for the past year and a bunch of guys on /r/wsb decided they liked gamestop so they started buying in, raising the price.

Marvin and co sold their borrowed shares at below $40 but thanks to WSB, the stock is upwards of $350ish right now, and everybody's holding rather than selling which is keeping the price rather high.

They're trying to keep the price up or drive it higher long enough that Marvin's lenders call the margin, given that they're upside down like $3 billion right now on the whole ordeal.

They want to force Marvin to buy back at anything higher than I think $250ish in order to bankrupt them.

@Typo-MAGAshiv

I know nothing either. Guess I need to read a book or two. My take is that r / wallstreetbets organized together to short sell 1 particular stock (gamestop). They collectively bought stock which made the price increase. Now that the price is high they want to sell and cash out for a profit leaving the high priced stock in someone else's hands when it crashes back to nothing. All standard practice but the asshats on wallstreet are trying to prevent the sell off (changing the rules) since it doesn't benefit them and they will be the ones left holding the worthless paper.

@destraht

I'm not ready to admit that just yet. I agree that there needs to be some radical changes made or the union will collapse just like empires of the past, but I'm not certain that totally dissolving is the answer.

@Fawk_Face

Maybe this one:

@ Fawk_Face

Can you stop changing your fucking profile picture? It is hard to keep up with you A.D.D. profile slide show. :)

@MentORPHEUS

Get rid of the Department of Education and the whole fucking system. Send educational responsibilities and expenses back to the states. No more federal moneys to pay over inflated teacher's union salaries and loan repayments. Bureaucratic bloat has gotten out of control.

@redpillschool

I know nothing about the markets, but it seems to me that with a short sell...someone is going to get short changed. Seems that the fucked up bastion of shit known as Reddit has struck again. r / wallstreetbets seems to have coordinated this move.

@goodmansaysfuckyou It can't stay up there.. but the question is can they put Melvin out of business before it bursts?

@redpillschool

I guess that the bubble is just filling up. Burst in 3, 2, 1...

Maybe Randolph and Mortimer Duke decided that a play on orange juice futures wasn't enough. (Trading Places, 1983)