As of writing this GME stock sits at $310 per share.
Disclaimer I am not a financial advisor and this is not financial advice!
This is not a summary of the events currently playing out or the about the motives behind the main players (the short sellers and retail investors).
This is simply a side note and a question
Who did the short sellers upset?
Distribution of information is as clear as the rules of time travel in Doctor Who but there are some basics that are easy to understand
Millennials and Gen Z occupy Reddit / Twitter / Instagram / Youtube
Gen X and Boomers rely on Cable and Broadcast
The Silent Gen read print
This is only in relation to the market players Facebook is not here because it is not relevant to the GME info distribution
This started out as a relatively small fight between r/WallStreetBets and Citron. I first started following this when Youtube recommended a video on sunday, https://www.youtube.com/watch?v=RcUcDwoDQW0&t=1055s right before I went to sleep and then work
After work, I was recommend a few more stock related videos, about the details of a short squeeze and general CNBC. That is why when CNBC decided to drop Wallstreetbets by name into their program that clip was recomended to me as well.
I am not omniscient, and like you receive my information as it is recommend. And while Al-Gore’s-Rythm is not perfect in finding exactly what I would like to pay attention, it’s mechanical gatekeeper is receptive to feedback and doesn’t have the same problems that a person would have.
That is why I have been pondering exactly why CNBC mentioned by name the subreddit WallStreetBets. This was deliberate. GEN X is not shy of venturing over to reddit and diving deeper into the players mindset behind this market trend. Which is exactly why GME soared to over $150 on Monday, which provoked Citron to take a $2bn loan to cover there shorts. News of that transfer further stoked the flames Tuesday saw prices above $250. Right NOW it’s $310.
Before the CNBC segment, there was a decision to use the name WallStreetBets. Now the Youtuber I watched covering the situation wouldn’t have thought twice, WallStreetBets is a good key word for the Rythm. However, Al Gore’s Rythm was likely not the reason behind using the name. I don’t know the reason, I do know that if that name hadn’t been spoken and instead the conversation between the analysts focused around Robinhood traders, Memelords, and Rediitors in general then traffic to WallStreetBets would not have resulted in a 500k increase to the Sub. As well as Tweet from Elon Musk “Stonks”.
The CNBC gatekeeper whether directed to or ignorant of causing this market fluctuation, is the single point change to the system.
GME rockets had been spreading organically for months through organic means and would likely have never gotten over $90. CNBC exposed Gen X and their capital to the fight.
Thank you Gen X for joining the Fray.
Thank you CNBC Gatekeeper for your role.
The following is an unrelated and fictional speculation.
Lemon Capital has been earning an average of 30% returns for about 6 years. Every year they have attracted bigger and bigger money to their firm compared to the poultry returns of 7-17% of other money management firms. Every year they short stock and it pays out more often than not. Every year though they short Rocketman’s stonk. Every year they’ve been wrong. Rocketman from Gen X doesn’t have much else besides a need to prove them wrong. Silent Gen Capital sees an opportunity to protect their firms by Bankrupting Lemon Capital. Silent Gen didn’t create the opportunity, that was some stimulus check cashing degenerates. but without Silent Gen’s nod of approval the rocket would never have launched.
Lemon Capital is going to be squeezed dry, Zoomers and eX’s will be left either holding the bag of cash or an empty haul. Silent Gen will have restored investors faith in their firms that anything greater than 6% is good enough.
The story of David verse Golaith, was always in David’s favor. But the real winner was the King of Isreal miles from the battlefield, whose assets were secured and multiplied.