this post was submitted on 20 Sep 2023
216 points (97.4% liked)
Work Reform
9857 readers
1 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I won't be citing sources, sine I am not trying to convince you, but I will say this:
GME did not squeeze in 2021, it was running into a gamma squeeze, but was shut down by the 'removal' of the buy button.
Since then, shorts have not closed and shorting continues on a daily basis.
This year it seems like GameStop will have a profitable year, EPS was very nearly 0 last quarter and will most likely be positive the next.
So yeah, I am not holding bags, I am watching the most entertaining story I have ever seen, live. Shorts have nowhere to hide, they will fight to the last breath since they have no other options. When they can't do that anymore, then we shall have a squeeze. I will be there for it, and you won't.
Oh, trust me, I know: I was an Jan ape and saw that shit live when Robinhood turned off the sell button due to “volatility”. Still technically one since I have one share from when it was around $400 DRS’d, but I had to sell the rest of my shares at a loss recently to pay for some bills and debt earlier this year. I also remember when DFV was absolutely shat on in the WSB subreddit for his GME options plays and saw GME at a negative beta quite a few times too, so not a complete stranger to it like you seem to think I am.
If the Jan 2021 squeeze was the “gamma squeeze” and not The Squeeze, I genuinely think it would have happened at some point in the past couple of years - and at this point, I’m starting to think that it did squeeze back then and now it’s just all hype from bagholders and cryptobros.
I am sorry you had to sell your shares for some bills, that sucks. As for the future, we shall see now won't we? Have a good life internet stanger.
No cell no sell. Apes together strong.
Hi, I don’t want to butt in on your comment here, but I’m pretty sure Robinhood couldn’t follow the financial regulations and still have the button available at the time because it didn’t have the reserves to be able to fulfil the expected requests. It was a legal issue that caused them to disable trading not malicious intent. Robinhood would have made a fortune on fees so I can’t see why they would have wanted to purposely shoot their own foot on that ground.
But then again, I’m stupid and know nothing so disregard my comment if you so please. Thanks.