Gamestop Stock And The Whole Point Of Superman

[DrNewGod]

So, today a bunch of Gamers on Reddit basically took their stimulus checks, (to plagiarise JMS) pulled the underwear of predatory hedge fund investors over their heads, and tied it in a knot.

Why, you might ask, are you interrupting our Superman conversation with this?

If S&S were creating Superman 1938's Superman in 2020, isn't this exactly the kind of trick he'd pull?

[Vordan]

Hah I’ve been following that, it’s been enjoyable seeing Wall Street f’d over using their own tactics. Yeah that kind of thing is definitely Golden Age-esque in terms of “doing unto evil as they tried to do to you”.

[HsssH]

Could someone provide more details for those like me who have no idea what is going on with Gamestop stock?

[Vordan]

Could someone provide more details for those like me who have no idea what is going on with Gamestop stock?

Here’s two pics I found on Twitter that explain it:

[manduck37]

I could see GA Superman doing something like this. If this happened years ago, Morrison may have even written it into his run on New 52 Superman. Now I understand why Bruce is always looking for ways to take Clark out.

[Prime]

I could see GA Superman doing something like this. If this happened years ago, Morrison may have even written it into his run on New 52 Superman. Now I understand why Bruce is always looking for ways to take Clark out.

Yeah by buying Superman stocks or something?

[JAK]

So, today a bunch of Gamers on Reddit basically took their stimulus checks, (to plagiarise JMS) pulled the underwear of predatory hedge fund investors over their heads, and tied it in a knot.

Why, you might ask, are you interrupting our Superman conversation with this?

If S&S were creating Superman 1938's Superman in 2020, isn't this exactly the kind of trick he'd pull?

Yes. Words cannot describe just how much glee I'm getting from watching all this take place.

[DochaDocha]

This is the sort of trolling GA Superman would pull off, but I can't really take in all the schadenfreude, either. Citadel forcing Robinhood app to shut down trades to rig their bets is terrible. AOC and Ted Cruz agree on this, which tells us a lot. On the other hand, this is all potentially dangerous stuff. In this particular instance with GME, I think there are a lot of valuable lessons to be learned, and even laughs for us common folk to be shared, but I hope "I like this stock" gets out of people's systems fast. My brother-in-law has been a subscriber to WSB for quite some time, so he's been telling me about the craziness as it was unfolding and about to hit national news, and his take is that while Gamestop is a true short squeeze, what's going on with AMC and BlackBerry is just pumping up the stock. That's not quite right, either, and has the potential to cause so many problems in the future.

If the only issue were that hedge fund managers who shorted stocks and tried to manipulate the market were getting screwed, I could live with that, but I think there's going to be a dark side with ramifications for the common man coming up soon, so I'm laughing, but not reveling, in all of this. Most of us agree it's not good when short sellers try to manipulate the market to win big on their bets. In a fairer world, common folks can do the same thing, and they are succeeding with GME. The real question is if anyone should be doing this, and I don't think anyone should be too comfortable with it. I mean, it really, really sucks that large hedge funds are NOW crying foul because now they're the ones losing on bets while small pockets of middle-class Americans are getting paid. But if you have a 401k or IRA or whatever plan that's dependent on investments, I'd be at least a little concerned.

[HsssH]

Sounds like this entire system is a bit of a bullshit.

[manduck37]

Yeah by buying Superman stocks or something?

By causing Bruce to lose money in the stock market with a stunt like this. Jokes are less funny when you have to explain them though. Oh well.

[JAK]

This is the sort of trolling GA Superman would pull off, but I can't really take in all the schadenfreude, either. Citadel forcing Robinhood app to shut down trades to rig their bets is terrible. AOC and Ted Cruz agree on this, which tells us a lot. On the other hand, this is all potentially dangerous stuff. In this particular instance with GME, I think there are a lot of valuable lessons to be learned, and even laughs for us common folk to be shared, but I hope "I like this stock" gets out of people's systems fast. My brother-in-law has been a subscriber to WSB for quite some time, so he's been telling me about the craziness as it was unfolding and about to hit national news, and his take is that while Gamestop is a true short squeeze, what's going on with AMC and BlackBerry is just pumping up the stock. That's not quite right, either, and has the potential to cause so many problems in the future.

If the only issue were that hedge fund managers who shorted stocks and tried to manipulate the market were getting screwed, I could live with that, but I think there's going to be a dark side with ramifications for the common man coming up soon, so I'm laughing, but not reveling, in all of this. Most of us agree it's not good when short sellers try to manipulate the market to win big on their bets. In a fairer world, common folks can do the same thing, and they are succeeding with GME. The real question is if anyone should be doing this, and I don't think anyone should be too comfortable with it. I mean, it really, really sucks that large hedge funds are NOW crying foul because now they're the ones losing on bets while small pockets of middle-class Americans are getting paid. But if you have a 401k or IRA or whatever plan that's dependent on investments, I'd be at least a little concerned.

Oh, it's all certainly concerning. The Citadel/RH blocking trades hadn't crossed my ears when I posted before. But the one thing it all does is rip the mask off of the whole thing and open more people's eyes to it.

The shorting for price drops has real-world effects on businesses, jobs, and thus the economy, and add more fuel to the idea that stronger measures need to be in place to make sure that various stock trickery doesn't affect real-world decisions.

[williamtheday]

Isn't this more likely somethin Green Arrow would do?

[Bruce Wayne]

Not for the Golden Age Superman who embodied anti-corporate Progressive and New Deal policies.

[Vordan]

Isn't this more likely somethin Green Arrow would do?

Lmao no. Ollie’s a massive hypocrite who talks a lot but rarely actually does anything beyond what any of the other heroes do.

[HsssH]

Ollie is rather close to being champagne socialist.