The years since 2017 have been dark days for trolling.
Many have noted that the Specular Effect is now a news website that tells the truth, rather than a troll base. That’s not some personal choice I made: it’s just the reality. Trolling got Donald Trump elected, and that meant that the Jews put the kibosh on it.
So, it always warms my heart to find that merry bands of tricksters are still out there, doing god’s work.
The GameStop thing is the funniest thing I’ve seen in years, frankly.
The NASDAQ has paused trading after internet “degenerates” spotted Wall Street gearing up to make a killing, beat the traders at their own game, and got filthy rich while destroying the US’ top hedge funds. Buckle up.
“We are actively monitoring social media chatter and will halt stock if we match chatter with unusual activity in stocks,” NASDAQ CEO Adena Friedman announced on Wednesday morning. Speaking to CNBC, Friedman demanded regulators intervene to stop the “manipulation” that’s seen amateur investors completely leave one of America’s top hedge funds, Melvin Capital, teetering on the edge of bankruptcy.
As trading opened, Friedman kept her word and the buying and selling of GameStop stock was halted intermittently throughout the morning, in a bid to stave off the “manipulation” she warned about. But what was it about one failing video games retail company that sparked such panic on Wall Street?
Notably, this is the first time in history that “Friedman kept her word” has appeared in print.
The American media isn’t even reporting on this story with any kind of accuracy, but RT goes through the effort to explain what a short squeeze is!
A fixture in American shopping malls, GameStop once held launch-night parties for the biggest annual releases, but has seen its business fall off a cliff in recent years due to digital purchasing and the decline of malls nationwide. Enter the short-sellers. Put simply, hedge funds looking to capitalize on a failing business can borrow shares in a company, immediately sell them, and ideally, buy them back later at a lower price to pay back the original lender while pocketing the difference. Should the price rise instead of fall, however, these funds have to pay back the shares at the new, higher price.
Profiting off a failing business may seem either a canny move or the epitome of vulture capitalism, but it’s a common practice. Wall Street’s top investing firms even help each other identify stocks ripe for the picking, as Citron Research did when it deemed GameStop a “failing mall-based retailer” in “terminal decline.” Citron Research and Melvin Capital both bought tens of millions of dollars worth of short positions in GameStop, but soon learned the hard way that in short selling, there’s no end to the amount of money one can lose.
The big squeeze
The two million members of Reddit’s ‘WallStreetBets’ community took an interest in GameStop back in August when they noticed the arrival of pet supply e-tailer Chewy’s co-founder Ryan Cohen to its board, signaling there was some life in the company yet. When they noticed that Melvin Capital and Citron had bought the stock short, they decided to start buying, pumping up its value, partly to make a buck and partly to punish the hedge funds for profiting off the death spiral of a store ingrained in their childhood memories.
Throughout January, GameStop’s value shot up from $18 per share to $334 on Wednesday. As hedge fund managers whined and raged on television and Twitter, the WallStreetBets community dug their heels in and continued to buy.
Both funds took a beating, with rumors of Melvin Capital’s bankruptcy circulating on Tuesday. Melvin manager Gabe Plotkin told CNBC that these rumors were false, but the fund still needed a bailout of nearly $3 billion to cover its losses, before it closed its position that afternoon.
Citron’s Andrew Left said on Wednesday that he had managed to close his position at “a loss of 100 percent.”
With short sellers down $6 billion as of Tuesday, the self-described “degenerates” of WallStreetBets posted screenshots of their ballooning bank balances, reveling in their newfound wealth as Wall Street suffered. One poster reportedly turned $55,000 into $13 million, while another posted a screenshot of his $64,000 gain, announcing“I can now write my mom a check and put my sister through lymes treatment. This has been a very rough year, but I’m so thankful for every single one of you.”
“Life changing money is turning into destiny changing money,” another wrote on Tuesday night.
I don’t want to put too fine a point on it, but just in case the name confused you:
There is no such person as a “non-Jewish professional short seller.”
This is obviously an activity that any functional society would consider criminal, and it is the epitome of the way Jews operate in Western, white countries, simply looting us all.
Making them squirm like this on the internet is so funny to me.
These Jewish criminals are of course calling on the Jewish-run government for the squeeze trolls to be criminally prosecuted for messing with their swindle. I doubt that will actually happen, but it is likely that this will result in r/WallStreetBets being shut down.
I have not seen Jews this mad since before Donald Trump had the election stolen from him – at least.
This is fantastic stuff.
Obviously, the government will just give Wall Street whatever money they ask for, probably in a coronavirus bill that is supposed to help small businesses.
But the Jewish view is: “you don’t own anything, goyim.”
Jews may start a shaming campaign — highlighting all the grandmas and grampas who lost their retirement monies as ac result of these “degenerates”. More Jewish lies and deceit, because only they are allowed to do this. Not us.
Beating them at their own game like this, costing them billions of dollars, is one of the funniest things anyone could ever do – even if the government is just going to tax you with inflation to get them all their money back.