Hedge Fund managers are losing billions a day and can potentially go bankrupt because they shorted GME (gamestop) and the autists over on reddit went long. You're too late to make it rich, and you will most likely lose money, but $80 to stick it to the man is money well worth it imo. Just buy a Gamestop stock, hold it, and enjoy the fireworks
Comments (8)
sorted by:
Man, what kind of underhanded bullshit is that, I was paying attention to Gamestop to, to have it go up 60 in a month is so suspect, I doubt they did that they during the holiday season.
They hired a new exec who is supposed to revamp and modernize/digitalize their business model. Seeing as they somehow survived all of last year people thought it was some amazing comeback story and stocks shot up.
Then this company thats famous for shorting stocks makes a statement about gamestop (since they lost money) and it caused a reverse “underdog” effect and the stock price went even higher. Market is mot being rational
Yeah, as far as I'm aware, gamestop was going the way of Blockbuster it seemed. Not a good long term thing.