My favorite part of the movie 300 was when King Leonidas prostrated himself in front of the “god-king” Xerxes, his seeming act of abdication lulling the Persian emperor into a false sense of comfort. All the sudden, Leonidas rose up, picked up his spear and chucked it right at Xerxes’s head. Leonidas did not hit his mark as the spear barely nicked its intended target, but then again Leonidas succeeded more in missing than he would have had he killed the would be colonizer. Xerxes bled and the world would know from that point forth that he was not a god at all–he was a mere mortal like the rest of the Spartans.
Witnessing what the Reddit sub WallStreetBets did the past couple of days reminded me of King Leonidas’s valor and Xerxes’s dread; individual investors banded together and coordinated an attack against hedge fund managers and short-sellers in order to make the “god-kings” of Wall Street bleed. And boy did the 1% bleed! Vulture capitalists like Met’s new owner Steven Cohen hemorrhaged over a billion dollars as they reeled in horror feeling the pains they inflicted on billions of people throughout the world during the Great Extortion of 2008. What is good for the goose if FINALLY good for the gander.
Except the ganders are more like pigs on Animal Farm; they say we are all equal except they are more equal than others. These capitalist swine who have been extolling the virtues of “free-markets” and chaffing at the notion of regulation are all the sudden screaming like possessed banshees demanding intervention from government, trading platforms and social media alike. The same people who came up with exotic methods to manipulate the markets and game the system in their favor all the sudden found religion when their sacred cows get slaughtered. So far, TD Ameritrade, Schwab, Robinhood and a slew of other brokers are restricting trades to GameStop, AMC and Nokia in order to appease their globalist masters. They are fighting the tide, a day of reckoning is coming faster than they think.
There is no need to cry tears for the plutocracy; whatever losses they incurred covering their shorts they will more than make up as the government rushes in to backstop their failures. Too big to fail never went away, Dodd-Frank perversely incentivized big banks, investment clearance houses and hedge fund managers to go on gambling while making it harder for smaller businesses to compete with corporations. Yet, yesterday they bled! And therein is the victory and the motivation we need to keep the momentum going.
This is a clarion call for individual investors, day-traders and workers to form a coalition of the struggling in order to throw another spear at the heads of the hyenas of Wall Street. Let us unite and become David and let our cooperation be our five smooth stones. When the markets open at 9:30 PM EST today, let’s pick up our slings and make trades. Specifically, let’s buy up as many shares as we are able of the following stocks: $DDS, $LGDN and $BBBY. What these stocks all have in common is how heavily shorted they are; all it takes is an uptick in their prices before short-sellers head for the exits and activate a price upswing in their wake.
In the process, we get to revel in schadenfreude watching these same degenerate gamblers who manipulated the markets to their advantage all the sudden go crying to the regulators they have in their back pockets to reign in rebel traders. But the genie is out of the bottle; Redditors gave us the blueprint on how to make Wall Street bleed. Institutional holders with billions in their portfolios can be brought to their knees by small time traders investing as little as $20. The key is velocity and proximity; if enough of us purchase shares of stocks that have been shorted and do so within close interval of each other, it creates a pop in the prices which squeezes short-sellers.
There is a riot happening on Wall Street right now and some people are willing to spend tens of thousands of dollars as a fuck you to the establishment elites pic.twitter.com/iiLGPvkAOX
— Tim Pool (@Timcast) January 28, 2021
Here is my proposition: wait until 2:00 PM EST and then purchase shares of $DDS, $LGDN and $BBBY. For those who are knowledgeable about options, purchase calls–preferably ones that are out of money–and sit back and watch the havoc that could potentially be unleashed. I will warn you, do not partake in this exercise with money that you are not willing to part with. This call to action is not about raking in the Tubmans, though some will reap huge fortunes, our aim is to hedge fuck these assholes who have escaped accountability over and over again. I know a loss of a billion to someone who is worth tens of billions seems like nothing but trust me, to these devils who obsess about their wealth rankings, a downward trajectory of their riches is akin to burning in hell for an eternity.
There is one more thing we can do in conjunction with today’s coordinated assault on billionaires and that is to somehow find a way to shut commerce down on a wider level. We are organizing a nationwide strike called #WildcatStrikeUSA2021 where we are calling on workers of all stripe to stay at home and refuse to go to their jobs. More importantly, we are asking for truckers to dump their loads and park their loads right on the interstate highways. Our government, and the multinational corporations that own it, refuse to listen to us and treat us like we are invisible citizens.
Watch how quickly they notice and pay attention to our concerns the minute we shut commerce down.
Here is to the little guys everywhere! For centuries, our necks have been stepped on by the gentry and we have been oppressed by the ruling class. From Pharaohs to Kings to Presidents, the working class have been shackled by debt and our backs saddled by despots. Well today in the markets, and this year through coordinated workers’ strikes, we can draw blood and turn “god-kings” into bedeviled imps. Let us embark on this noble endeavor on behalf of all the victims of planned recessions that have decimated the middle-class, demolished the working-class and multiplied the poor. Unleash hell at 2:00 PM EST! Happy hunting, may we make Goliath weep on Wall Street and make would be god-kings bleed::#GameStopWarOn Click To Tweet