3 Years Ago
1 Min Read

Let's see what Reddit has been babbling about over the last hour



 The last hour has seen a surge in hype around GME, BP, and AMC.
 
Let's go to the video tape!.

VisualMod - 3 upvotes - source
#Ban Bet Lost /u/MentalSpecialist (0/1) made a bet that GME would go to 30.0 when it was 33.59 and it did not, so they were banned for a week.

AssteroidDriller69 - 1 upvotes - source
Piss off Shitadel shill, GME is bae.

Innovationenthusiast - 1 upvotes - source
Not necessarily. If you buy shares, you basically buy an IOU for the certificate of a share from a broker. On brokers like robinhood etc. You don't even own the share. They say they own it for you (but not really) and that's that. No share needed to be sold for the one you bought. or, you can specifically say that you want an actual share at a legitimate broker. That broker than has a period of time to find that share or give you one from its warehouse. However, those brokers buy the shares from others, which can literally pull shares out of thin air with the responsibility to find real ones in time. What time? Doesn't matter, they can keep selling each other those fake shares as if they are real to cover their positions. This system is meant to keep a "fluid market". Basicly: you will always be able to buy and sell the moment you want to. That's the intent. However, it's being abused worse than a one dollar whore to create assets out of thin air to keep the boat afloat. That is, very very simplified, the situation with gme as many believe. So yes, in an ideal market a buy would equal an actual share being sold. But no, in reality there is a lot of bullshit happening in between.

By the same token, we also see that BP is the bomb, hot stuff on Reddit:

Successful-Net-2765 - 2 upvotes - source
What about bp next week? Killer earnings?

CDB1299 - 1 upvotes - source
Anyone playing BP earnings ?

Ending up, take a look at AMC which is being aggressively watched on Reddit:

JumboShrimpBubba - 1 upvotes - source
AMC Edit: This will be downvoted to oblivion.