Item — HN Reader

Your position is not falsifiable either. Show me the proof that they've covered. Of course you can't. But you're confident anyway. Based on what? You're certainly in the minority among retail investors. That makes /you/ the conspiracy nut, not them.

No one said this would take a day or a month. The expression is "diamond hands"; being patient is not easy. No one know when it will happen. But what we do know is that there continues to be a steady flow of investors whom are directly registering their shares every day.

2 comments

Of course my position is falsifiable. If there is a massive prophetic doomsday, where the price of GME goes to 10 thousand, or a million dollars, and crashes the world economy, then my position would be falsified.

But with the prophecy predictors, the same is not the case. No matter how long goes on, with the doomsday not happening, a doomsday predictor can just make up an excuse for why the doomsday was delayed.

So once again, give me a date. Surely there must be a day, where if this goes on long enough, with no doomsday, that you will admit that you got duped, and this is all nonsense.

because I am happy to come back to you, on that day, to see if you are willing to take in new information, or if you will just come up with some excuse for why doomsday got delayed.

See the difference between your's , and my position? With me, if the doomsday happens, then that is when I am proven wrong. For you, if the doomsday doesn't happen, for however long, you can just make up a reason for why it got delayed.

Or, in other words, the doomsday is not falsifiable.

> /you/ the conspiracy nut

You are the one predicting a doomsday, supposedly right? Every day that the doomsday does not happen, is more evidence that I am right. Just give a date. Give me a day, when you will say "Well I guess the doomsday isn't coming". I will mark it on my calendar.

If you do not give a date, then you are literally admitting that your position cannot be falsified, because you are saying that no matter how long goes by, with the million dollar short squeeze, you will not be convinced.

I can be convinced. If price hits a million dollars, I was wrong. You can't be convinced, if you are unwilling to give a day when you'd admit that you got duped.

Most retail GME investors intend to hold and not set a date or trigger price. That's the strategy, actually.

Institutional investors that got caught naked short selling can manipulate the price and stall but they can't stall forever -- and every single day it gets harder and harder.

Will it go to $10,000? Who knows. There's a price not much above that which would crush world markets to the point where it would usher in the apocalypse. There would be intervention before that happened.

Very few of these GME investors are solely trying to make some money. They see a corrupt market place and they want to take it down. The SEC could have just done its job but it didn't. They could have stopped the naked shorting. They could have curbed the corruption. They didn't. Instead an army (make no mistake) of small retail investors are buying and holding and registering their shares. You may not understand it, but this is war.

And look at the vitriol. Flat-earthers? Conspiracy nut? It's funny because if I buy Netflix because I think the price will go up, no one tells me that. There are no articles saying, "Netflix's growth is over! Everyone sell! Please, God, sell!" Can you imagine the buy button (but not sell button) being turned off for Netflix for a day during a price run-up? Don't be confused. This is war.

If you want a date, let's give it two years. Who knows and frankly the investors don't care.

> And look at the vitriol.

The vitrol is due to the fact that no matter how long the conspiracy doomsday fails to happen, you will come up with an excuse for why the doomsday got delayed.

> If you want a date, let's give it two years.

So then, if in 2 years, the financial doomsday doesn't happen, you will admit "yep, I got totally tricked by an internet conspiracy, and have no idea what I was thinking, and I will try not be convinced by conspiracy theories anymore, and nobody should listen to what I had to say about any of this stuff previously"?

Or will you just make up another reason why the doomsday didn't happen?

> I think the price will go up

Its not about price going up by a couple percentage points. Instead, the issue is this unfalsifiable conspiracy, of financial collapse and doomsday that people are predicting, and will accept no amount of evidence to the contrary, no matter how long this doomsday fails to materialize.

Your vitriol is because you place a timeline no one else placed on a position you don't hold? So you're angry?

You're not angry at hedge funds for naked short selling? You're not mad at the front running? Did you or did you not see that the buy option was turned off for one stock on a critical day last year during a run-up in price and no one went to jail? You're not furious that the SEC has abandoned its job?

The retail investors doing this are all holding long-term. The motto is, "We just like the stock." Maybe they're sanguine because they think time is on their side or maybe they like the stock. What's the problem? The only one trying to put a date on it and losing their mind and name-calling is you.

Your righteousness feels false here.

You didn't answer the question. Will you admit that you fell for a stupid conspiracy theory and that absolutely nobody should take anything you say seriously ever again, if in a reasonable timeframe, this mythical financial doomsday fails to materialize?

Or will you just make up another excuse?

That is what I mean by falsifiability. If you do not say that you will admit that you were wrong, if this mythical doomsday does not happen, then by definition you are saying that you cannot be convinced out of your position, no matter how long goes by, without the doomsday happening.

I answered your question but you don't want to hear it.

So then the answer is yes, after a reasonable timeframe happens, without this financial doomsday happening, you will admit that you just fell for a dumb conspiracy theory, and people should not take what you say seriously?

That would be falsifiability, if you agree that yes you will agree that you fell for a conspiracy theory, in that situation.

If you make up an excuse, then by definition, your opinion is unfalsifiable.

Man, there’s a few of you left holding a random stock after a pump and dump you fell for faded. That’s it. That’s the reality. And somehow this has morphed into “we didn’t miss it !“, and then lastly into “this is war and we will take down the global financial system”.

Total nonsense, but entertaining in a car-crash kind of way.

And you say this for other positions that you don't like? Puts of $fb? Calls on $nflx? Of course not.

The reality is that hedge funds engaged in illegal naked short selling, confident that they would never get caught because the SEC has essentially abandoned its role. And a group of retail investors decided simply to buy and hold registered shares of that firm, knowing that simply by doing that, they could bleed those SHFs out or force them to close their position at a much higher price. There's a lot of due diligence out there that backs that position up if you want to look -- but you don't.

Here's the thing, you can like it or not like it. No one cares. However, it's worth noting that it's the only position you'll see be called names and screamed at. "Don't hold! Oh God it's been a year why are you still holding?! God! Stop! Please, stop!"

You misunderstand every reply here and elsewhere. Nobody cares that you are still holding. Nobody. What you do with your portfolio is up to you.

What people do care about is telling you that no, there isn’t some shadowy cabal of hedge funds with your name pinned to a wall under the heading “number one risk to the financial system”.

Continue to hold, but please do understand you’re quite deep in a self-reinforcing grandiose doomsday conspiracy that makes you feel special. None of which have ever historically bore fruit, not for lack of waiting and money invested.

I'm not holding. I don't own any GME stock. I've just been following the story.

> some shadowy cabal of hedge funds

You keep diving into hyperbole. It's just hedge funds that bought naked short positions and got caught by the market. It's pretty simple.

> Will it go to $10,000? Who knows. There's a price not much above that which would crush world markets to the point where it would usher in the apocalypse.

> Instead an army (make no mistake) of small retail investors…

> You may not understand it, but this is war.

> Don't be confused. This is war.

I keep diving into hyperbole? I think this conversation has run its course.

Absurd. You could falsify the opposing position by providing data that shows significant short interest. Of course you will have trouble with this because all of the data confirms the opposing position.

On the other hand, your position cannot be falsified because you dismiss all of the available data as manipulated without proof.

Your account is only four hours old but you have a dozen comments in this thread, all of which are desperately pleading with people that the shorts covered, there's no squeeze possible.

Smells desperate.