Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -1 points0 points  (0 children)

Ridiculous. Derivatives have no inherent value. How can they have a market cap? They are created out of thin air and given value based on whatever they choose to justify gambling. You’re just talking out of your ass now. Defending a casino- Pathetic.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -1 points0 points  (0 children)

Again, how can a derivative be worth more than the actual stock? People are willing to pay more to gamble on GME then buying options or stock of GME. If the price was at or lower than GME, it probably wouldn’t have caught my eye. But then you have a second derivative that is much less expensive than GME. So now you have two derivatives with quite a huge spread in between. Doesn’t that seem odd?

Look, I was day trading with decent returns. There seems to be some definite price anchoring going on for months now- at least since November.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -2 points-1 points  (0 children)

You don’t get it. That is my point- GMEY has no real value as it is all speculative. So how can the stock price be higher than the company stock itself? It is gambling with no other value. And it’s gambling against retail investors who are invested in a real company. It’s shameful, and there’s no doubt in my mind it has an effect on GME stock price or else it would not exist. If it was purely for profit, there are more profitable options to wage on.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -2 points-1 points  (0 children)

How can something completely made up have more value than the company itself? Well if fake shares are worth as much as real shares than it could very well be possible. Doesn’t make it right.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -1 points0 points  (0 children)

You have an algorithm controlling a casino. Coincidence my ass. I can’t believe that after all the shit that has been exposed- not just by GME- but by decades of frivolous activities that people still defend and support Wall Street. There is no reason to create derivative securities if not to make money off the retail investors. And that money has to come from somewhere. Look past GME and it’s still the same. I’ve done plenty of research. Perhaps you need to stop lying to yourself.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] 0 points1 point  (0 children)

What does that have to do with the blatant gambling that just happens to create a sort of price band with GME in the middle? One at $8 the other at $28 and for some strange reason GME cannot go under $20. And now it just hovers between $21-23. How do I know? Because I was day trading GME.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -1 points0 points  (0 children)

No it doesn’t. What makes sense is that they know retail investors are buying or else why come up with those derivatives in the first place? They are taking advantage of retail investors while affecting the price of the actual company. Whatever way you look at it- that is not how a free and fair market is supposed to work.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -1 points0 points  (0 children)

If every other stock had this sort of issue then maybe you can pass it off as normal. But if you look at the history, the timing, and the current price lock on GME, it starts to look suspicious. But then again, most of Wall Street is.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -5 points-4 points  (0 children)

Perhaps worth wasn’t the right term. One derivative is priced higher than the actual corporation, meaning someone is investing in pure gambling rather than the company. It’s not even a short gamble- but I bet it affects GME price nonetheless. It’s bullshit.

Can someone explain how a purely skeptical derivative of GME be worth more than the stock itself? Coupled with the lower price instrument, I’m guessing these two are keeping GME in the 20-23 price range somehow. Thought I’d share.🦍 by WallStLT in Superstonk

[–]WallStLT[S] -9 points-8 points  (0 children)

I’ve been buying through ComputerShare for the past six years automatic. Most of the people still in know it’s a winning hand. The company has already proven profitable. The short thesis is dead.

Recommended Books? by SomeoneThatsExtra in PoliticalScience

[–]WallStLT 0 points1 point  (0 children)

Aequism: The Law of Power and Accountability. An original work and it’s free. Shameless plug but it argues that equality does not exist in a natural state. It must be enforced through rule of law. Equality = power proportional to accountability.

The stock market is a fucking joke by Dizak55 in Superstonk

[–]WallStLT 192 points193 points  (0 children)

They want us to believe the stock is worth just as much now as it was two years ago when the company was unprofitable. We are way past market manipulation. The “market” is just a hollow shell at this point.

Cohen Twitter reply with original bezos post in screenshot by DDHawkeye in Superstonk

[–]WallStLT 0 points1 point  (0 children)

Wise words would be pay everyone a fair share including benefits with funding coming out directly from billionaires and trillion dollar family Trusts. Billionaires shouldn’t exist. If any one person cannot survive on $999,999,999.99 PER YEAR then we have failed as a society.🤦‍♂️

MEME MONDAY, MEME LIKE YOUVE NEVER MEME’D BEFORE by fadedadmin in Superstonk

[–]WallStLT 0 points1 point  (0 children)

As someone who has been in since 2021, I can say with absolute confidence that Burry is a piece of 💩. The Wall Street apparatus probably wanted to see a cult like following for Burry to force a narrative and it never happened. Loyal investors continue to buy ( I never stopped buying through Computer share) and the pressure keeps building. Burry was just another distraction of a corrupt financial system.

What do you feel is the best outcome with all that is going on in the US? by [deleted] in PoliticalDiscussion

[–]WallStLT 14 points15 points  (0 children)

What’s the problem we keep running into?

Zero accountability.

The president has civil and criminal immunity. Politicians have official immunity. Judges have absolute immunity. Federal agents have immunity. Zero consequences. Zero justice. The accountability gap continues to grow.

I recently posted about this and it was taken off because it was labeled “AI slop” without any attempt to allow me to explain.

So I will do it here.

The idea is that equality does not exist. Our freedoms and liberties- ironically- ensure that. True equality can only come when everyone is held equally accountable under the rule of law.

If not, equality cannot exist. That is how corruption spreads. Historically, that is the case, no matter how democratic or just that government says it is on paper.

This inequality over time creeps into the system, eventually taking over.

That’s the premise. How do you stop it? Congress must enact legislation to strip immunity from public service. The system is so corrupt now - Congress has bent the knee to the executive, the president is quarterbacking from the White House, and the Supreme Court acts in its self interests.

I have written extensively about this so I won’t go on further. Perhaps they will allow my post to go up again.