Deleted
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Post by Deleted on Jan 28, 2021 17:57:32 GMT -5
I have tons of MOC wrestling figures that I buy-sell-trade-lend out to the public.
You want to borrow 5 of my MOC Flashback Harley Race figs, they are worth $300 each. But since you are only borrowing and not buying them I only charge you a small fee $1 each and we agree you will give the figs back to me in 30 days or there will be hefty fines.
You think the Harley Race figs aren’t really worth $300 and the eBay prices will come down soon. You immediately sell the borrowed figs for $300 each on eBay! You now have $1500.
A week later the eBay prices on Harley Race fig plummet to $100 each. You find 5 of them and buy! You just spent $500 to buy back 5 Harley Race figs.
30 days is up and I want my 5 figs back. You give them back to me. You walk away with $1000 profit minus the $5 fee when you borrowed them.
This is what hedge funds tried to do to GameStop.
So in the Harley Race fig scenario what actually happened to hedge fund was the members of this message board banded together and artificially rose the price (sound familiar?) of Harley Race figs on eBay to $600 after you sold them for $300 each. Now it’ll cost you $3000 to buy the 5 figs you need to give back to me. So you lost $1500.
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Post by LK3 on Jan 28, 2021 18:18:34 GMT -5
Sure pal
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Haze
Mid-Carder
Joined on: Jan 28, 2018 21:24:41 GMT -5
Posts: 263 
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Post by Haze on Jan 28, 2021 18:51:32 GMT -5
Robin Hood needs to go under
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Deleted
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Post by Deleted on Jan 28, 2021 20:06:14 GMT -5
I mean, yeah that's essentially how short selling works and why it's a gamble. I'm not entirely convinced the concept is difficult enough to have needed some weird abstract wrestling figure comparison but that's fairly accurate, so you do you lol.
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Post by Mongo Bears on Jan 28, 2021 21:37:56 GMT -5
I actually did sell my Harley race for nearly 300 a while back
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Post by rkmo: 9 Month Warning on Jan 28, 2021 22:20:57 GMT -5
So when is Mattel gonna start arguing about if people should be given a new basic to meagerly boost their collections, or if only those who already have 1,000 Harley Races deserve another Harley and everyone else gets a flaming bag of crap? But only in the event a particular CEO is in charge of the company because we must protect the sanctity of collecting if it would help the standing of any other CEO.  |
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Post by LA Times on Jan 28, 2021 22:39:16 GMT -5
I mean, yeah that's essentially how short selling works and why it's a gamble. I'm not entirely convinced the concept is difficult enough to have needed some weird abstract wrestling figure comparison but that's fairly accurate, so you do you lol. You need to be a hedge fund or private equity investor in order to be able to afford wrestling figures nowadays. |
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Post by bWo on Jan 28, 2021 22:45:26 GMT -5
I have tons of MOC wrestling figures that I buy-sell-trade-lend out to the public. You want to borrow 5 of my MOC Flashback Harley Race figs, they are worth $300 each. But since you are only borrowing and not buying them I only charge you a small fee $1 each and we agree you will give the figs back to me in 30 days or there will be hefty fines. You think the Harley Race figs aren’t really worth $300 and the eBay prices will come down soon. You immediately sell the borrowed figs for $300 each on eBay! You now have $1500. A week later the eBay prices on Harley Race fig plummet to $100 each. You find 5 of them and buy! You just spent $500 to buy back 5 Harley Race figs. 30 days is up and I want my 5 figs back. You give them back to me. You walk away with $1000 profit minus the $5 fee when you borrowed them. This is what hedge funds tried to do to GameStop. So in the Harley Race fig scenario what actually happened to hedge fund was the members of this message board banded together and artificially rose the price (sound familiar?) of Harley Race figs on eBay to $600 after you sold them for $300 each. Now it’ll cost you $3000 to buy the 5 figs you need to give back to me. So you lost $1500.You left out the part where the hedge fund has more money and power than this message board, so they do what they can to shut us down so they can keep control of said money and power. |
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Post by vampiroporvida on Jan 29, 2021 9:10:25 GMT -5
This has been interesting to watch in the news. I don't exactly understand what is going on, but I do have a better grasp now thanks to OP. I guess I am not a big dog, and I am getting off the porch, cause this stuff seems way to fiscally risky, and someone will end up taking a bad loss when everyone sells off.
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Post by CM Poor on Jan 29, 2021 10:07:04 GMT -5
I mean, yeah that's essentially how short selling works and why it's a gamble. I'm not entirely convinced the concept is difficult enough to have needed some weird abstract wrestling figure comparison but that's fairly accurate, so you do you lol. You need to be a hedge fund or private equity investor in order to be able to afford wrestling figures nowadays. If you have five MOC Flashback Harley Race figures, you won't need a job and can afford to ride GME to the moon. My portfolio for funzies is all over the place today and IDGAF. |
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Post by LA Times on Jan 29, 2021 12:04:58 GMT -5
You need to be a hedge fund or private equity investor in order to be able to afford wrestling figures nowadays. If you have five MOC Flashback Harley Race figures, you won't need a job and can afford to ride GME to the moon. My portfolio for funzies is all over the place today and IDGAF. 5 MOC King Harley Race and these 29 other figures=$$$$$$  Hall of Champions 3 Ultimate Warrior Elite 63 Bob Backlund Elite 64 Pete Dunne Elite 65 Sensational Sherri Elite 66 Alexander Wolfe NXT Elite 4 Aleister Black NXT Elite 4 Drew McIntyre Elite 68 Pat Patterson Elite 69 Liv Morgan Elite 70 Gerald Brisco Network Spotlight Asuka Survivor Series Elite Don Muraco Elite 71 Kassius Ohno Elite 72 Gorilla Monsoon Elite 73 Peyton Royce Royal Rumble Elite Macho King Randy Savage Network Spotlight Wendi Richter Elite 74 Jim the Anvil Neidhart Elite 75 Billie Kay Elite 77 Classy Freddie Blassie Legends 7 Greg "The Hammer" Valentine Elite 78 Superstar Billy Graham Elite 79 Undertaker Legends 8 Jake "The Snake" Roberts Decade of Domination John Cena Elite 80 Rocky Johnson Decade of Domination Kane Royal Rumble Elite Ultimate Warrior Elite 82 Davey Boy Smith |
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celflessness
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Joined on: Feb 5, 2020 7:30:40 GMT -5
Posts: 335
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Post by celflessness on Jan 29, 2021 12:39:47 GMT -5
You need to be a hedge fund or private equity investor in order to be able to afford wrestling figures nowadays. If you have five MOC Flashback Harley Race figures, you won't need a job and can afford to ride GME to the moon. My portfolio for funzies is all over the place today and IDGAF. My portfolio is way down. Really hoping folks don't break the system too much, right when I learned how to grow my savings account to potentially retire before I die. |
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Post by J'Dinkalage Morgoone on Jan 29, 2021 14:34:45 GMT -5
The banksters got what they deserved. Filthy Banksters.
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Post by Codyverse: Tag Team Champion on Jan 29, 2021 23:12:10 GMT -5
Sorry but all I thought about it how Mattel can sit there and see figures they’ve made go for astronomical prices and won’t make 50,000 of them that will all sell. I know some of those folks aren’t under a deal anymore, but there’s still plenty of money laying around in re-issues but here we are at a likely third WM6 Warrior. Absolutely  ing mind blowing, honestly. |
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Post by kennyw86v2 on Jan 30, 2021 13:57:45 GMT -5
If you have five MOC Flashback Harley Race figures, you won't need a job and can afford to ride GME to the moon. My portfolio for funzies is all over the place today and IDGAF. 5 MOC King Harley Race and these 29 other figures=$$$$$$ Hall of Champions 3 Ultimate Warrior Elite 63 Bob Backlund Elite 64 Pete Dunne Elite 65 Sensational Sherri Elite 66 Alexander Wolfe NXT Elite 4 Aleister Black NXT Elite 4 Drew McIntyre Elite 68 Pat Patterson Elite 69 Liv Morgan Elite 70 Gerald Brisco Network Spotlight Asuka Survivor Series Elite Don Muraco Elite 71 Kassius Ohno Elite 72 Gorilla Monsoon Elite 73 Peyton Royce Royal Rumble Elite Macho King Randy Savage Network Spotlight Wendi Richter Elite 74 Jim the Anvil Neidhart Elite 75 Billie Kay Elite 77 Classy Freddie Blassie Legends 7 Greg "The Hammer" Valentine Elite 78 Superstar Billy Graham Elite 79 Undertaker Legends 8 Jake "The Snake" Roberts Decade of Domination John Cena Elite 80 Rocky Johnson Decade of Domination Kane Royal Rumble Elite Ultimate Warrior Elite 82 Davey Boy Smith We have to stop pretending a peyton Royce elite, readily available on amazon for $30-35 most days is gonna make you rich lol |
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Post by CM Poor on Jan 30, 2021 23:39:44 GMT -5
5 MOC King Harley Race and these 29 other figures=$$$$$$ Hall of Champions 3 Ultimate Warrior Elite 63 Bob Backlund Elite 64 Pete Dunne Elite 65 Sensational Sherri Elite 66 Alexander Wolfe NXT Elite 4 Aleister Black NXT Elite 4 Drew McIntyre Elite 68 Pat Patterson Elite 69 Liv Morgan Elite 70 Gerald Brisco Network Spotlight Asuka Survivor Series Elite Don Muraco Elite 71 Kassius Ohno Elite 72 Gorilla Monsoon Elite 73 Peyton Royce Royal Rumble Elite Macho King Randy Savage Network Spotlight Wendi Richter Elite 74 Jim the Anvil Neidhart Elite 75 Billie Kay Elite 77 Classy Freddie Blassie Legends 7 Greg "The Hammer" Valentine Elite 78 Superstar Billy Graham Elite 79 Undertaker Legends 8 Jake "The Snake" Roberts Decade of Domination John Cena Elite 80 Rocky Johnson Decade of Domination Kane Royal Rumble Elite Ultimate Warrior Elite 82 Davey Boy Smith We have to stop pretending a peyton Royce elite, readily available on amazon for $30-35 most days is gonna make you rich lol We like the figs. I am not a fignancial advisor. |
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Deleted
Joined on: Apr 26, 2024 13:55:39 GMT -5
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Post by Deleted on Jan 31, 2021 3:58:28 GMT -5
So when is Mattel gonna start arguing about if people should be given a new basic to meagerly boost their collections, or if only those who already have 1,000 Harley Races deserve another Harley and everyone else gets a flaming bag of crap? But only in the event a particular CEO is in charge of the company because we must protect the sanctity of collecting if it would help the standing of any other CEO. The are you talking about? Anyways, solid explanation OP. The whole situation is very interesting. I love you. |
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I dont know good luck 
