Comment by Leskanic on 27/01/2021 at 06:50 UTC

111 upvotes, 5 direct replies (showing 5)

View submission: /r/wallstreetbets is making international news for counter-investing Wall Street firms that want to see GameStop's stock collapse. The palpable excitement is off the charts.

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Frozen Orange Juice is Gamestop.

The hedge fund managers are the Duke brothers.

WSB is Louis & Billy Ray.

Clarence Beaks is experts analyzing retail trends.

The original/real crop report is the inevitable decline in physical game sales combined with a company that over-expanded its brick-and-mortar locations while commerce massively shifted online.

The fake crop report is memes.

The seat on the stock exchange is, uh, a mod?

I don't really know what happens at the end of Trading Places either. I mostly just wanted to say: "Looking good, WSB!"

Replies

Comment by JoshSidekick at 27/01/2021 at 14:20 UTC

12 upvotes, 0 direct replies

Feeling good, Leskanic!

Comment by vaga_jim_bond at 27/01/2021 at 18:53 UTC

4 upvotes, 0 direct replies

πŸ‘πŸΌπŸ‘πŸΌπŸ‘πŸΌ

Beef jerky time!

Comment by 10202632 at 27/01/2021 at 21:28 UTC

4 upvotes, 0 direct replies

I think the Dukes went long on OJ expecting low OJ supply causing the price to rise. Then the real report came out and there was a bumper crop, meaning prices would fall. The Dukes then had to pay top dollar for OJ that was super cheap.

Comment by PattyIce32 at 27/01/2021 at 18:52 UTC

3 upvotes, 0 direct replies

Looking good Leskanic!

Comment by happyscrappy at 27/01/2021 at 21:16 UTC

1 upvotes, 0 direct replies

At the end of Trading places Winthorp and Valentine go short and then cover at about 1/4 to 1/8th of what they sold for. All in a span of a few minutes.