GameStop Is Rage Against the Financial Machine

Re:GameStop Is Rage Against the Financial Machine by Judgmentality on Thursday January 28, 2021 @01:55AM (#25939005)

I don't think any sane person could possibly believe TSLA stock isn't overvalued, and yet people continue to invest and the stock continues to climb. There are multiple forums where people discuss nothing but Tesla, including some focused solely on the stock. Many financial wizards have talked specifically about TSLA and how it is a bad investment, such as David Einhorn, and many of the stockholders have been happy to rally to higher prices because Elon Musk tweets he wants to see a higher number.

It seems like both stocks are targets of manipulation to me.

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Re:GameStop Is Rage Against the Financial Machine by rank0 on Thursday January 28, 2021 @11:02AM (#25943932)

You're just being stubborn. TSLA investors are not relying on a short squeeze. You keep conveniently ignoring the short squeeze. The people who got into GME early are relying on marketing this David v Goliath falsehood so that they can jump off early and make a ton of money in a very short period.

I suggest you read up on shorting and pump-dumps. TSLA investors believe the company is changing the world and has enormous growth opportunity.

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Re:GameStop Is Rage Against the Financial Machine by Judgmentality on Thursday January 28, 2021 @01:48PM (#25946856)

> You're just being stubborn.

From my perspective, you're being willfully ignorant.

> You keep conveniently ignoring the short squeeze.

Are you honestly implying there is no short squeeze for TSLA? David Einhorn has written multiple articles on this very topic.

https://markets.businessinsider.com/news/stocks/david-einhor...

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Re:GameStop Is Rage Against the Financial Machine by rank0 on Thursday February 04, 2021 @02:14PM (#26028718)

Short squeezes happen organically all the time. Its not that short squeeze = manipulation, its that WSB induced a short squeeze as a coordinated effort.

A forum with 2 million members advertised and coordinated a massive purchase of shares. Gamestop's market cap was less than $900m at the time. Gamestop was shorted at %140 of its float. There were daily posts describing how the forum has enough collective capital to hold a significant portion of the company.

None of that happened with Tesla. There isn't a community of millions all planning to buy Telsa at the same time for a 2 week period. Its not being championed as a noble cause for retail investors.

How are you okay with this happening? The people who actually get hurt are gullible uneducated poor people that were promised a way to get rich quick and stick it to the global elite. Do you feel no sympathy for the victims of this scheme or any other MLM/ponzi "greater fool" bullshit?

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