They tricked a hedgefund into investing in GME? Is that what happened? I dont understand what they did exactly. I know r/wallstreetbets does some crazy shit sometimes
No the redditors heard that hedge funds were shorting GameStop stock and betting it drops. They got pissed and together bought a shirt on of the stock, forcing the price to go sky high. When the hedge funds that shorted it have to pay the current price they lose millions if not billions. It looks like blackberry and Amex stocks are next.
I don't think there's anything wrong with shorting in principle. But they shouldn't be pissed when they fail to account for investors communicating with each other either.
Hedge funds borrowed and sold almost 140% of gamestop stock. So at some point they have to buy the stock back to return it to the owners......but supply and demand. They borrowed and sold more stock than exists, so people jumped in to buy the stock and just sit on it.
Hedgefunds HAVE to buy the stock back, but no stock is available making the price go up and up. Now every one is sitting back and laughing at the wall street scum as they slow roast.
So far they are down $310 for every single stock they shorted since Jan 1st
My theory, the whole Gamestop thing is cover for them to manipulate the market to keep it under wraps just how fucking fast the Biden economy is crashing.
Everything is overpriced. There should be a market correction, but it won't look good for Biden this early and redditors are also manipulating stocks through short squeezes.
It's all fucked up. Anyone who can time it will make a lot of money. Maybe Loeffler and the Dems will do well.
dont know but I've been out for 45 days. Our 401ks are in cash money markets for now and our regular investments have also moved to cash. I am willing to wait until things collapse before I move back in...that is if the great reset that is coming allows us to move back in. We may end up paying $100 for a loaf and a salami
Wow you don't already know.
Every time a Democrat takes an oath the stock market takes your money.
Its an historical fact.
If you didn't take steps to secure your investments on the 7th you are gonna feel th pain.
GameStop just needed to shed the brick and mortar portion of its business model to stay in the black. Bankruptcy could achieve a reorganization toward online buying, selling, and trading of digital and non-digital games.
How is it you see them getting into the sale of new and used digital games? The entire point of digital games is that you only own a license, not a copy that can be transferred.
They can set up download streaming for new games, not used. They can perhaps discount those games if they can arrange a distribution deal with developers ? Bundles?
GameStop and redditors fucking hedge fund - suicide weekend coming!
They tricked a hedgefund into investing in GME? Is that what happened? I dont understand what they did exactly. I know r/wallstreetbets does some crazy shit sometimes
No the redditors heard that hedge funds were shorting GameStop stock and betting it drops. They got pissed and together bought a shirt on of the stock, forcing the price to go sky high. When the hedge funds that shorted it have to pay the current price they lose millions if not billions. It looks like blackberry and Amex stocks are next.
Holy fuck. Thats actually kinda badass. Fuck hedgefunds for doing that
I don't think there's anything wrong with shorting in principle. But they shouldn't be pissed when they fail to account for investors communicating with each other either.
It’s called a short squeeze!
It is ground breaking on a large scale.
sometimes I really love those redditors! Chaos can be beautiful.
Got the ticker for amex?
91 billion was the number floating around last night.
Quick and dirty explantion
Hedge funds borrowed and sold almost 140% of gamestop stock. So at some point they have to buy the stock back to return it to the owners......but supply and demand. They borrowed and sold more stock than exists, so people jumped in to buy the stock and just sit on it.
Hedgefunds HAVE to buy the stock back, but no stock is available making the price go up and up. Now every one is sitting back and laughing at the wall street scum as they slow roast.
So far they are down $310 for every single stock they shorted since Jan 1st
Great summary.
Gamestop was about to file bankruptcy. Hedge fund managers wanted to get in on that sweet sweet money. Redditora fucked them
I thought Gamestop got saved by that Microsoft deal
Nah, wallstreetbets are average Joe investors who are buying stock after hedge fund managers shorted the stock.
Faggots first foray into finance.
They can enjoy their soirée for now.
GME
do you want to play a game ?
yepp. and they'll blame on wHiTe SuPrEmAcY
My theory, the whole Gamestop thing is cover for them to manipulate the market to keep it under wraps just how fucking fast the Biden economy is crashing.
Everything is overpriced. There should be a market correction, but it won't look good for Biden this early and redditors are also manipulating stocks through short squeezes.
It's all fucked up. Anyone who can time it will make a lot of money. Maybe Loeffler and the Dems will do well.
Loeffler fucking owns the stock market, imagine how pathetic of a person you'd have to be to lose money with that.
Elon and some autists and 600$ stimmy checks getting dominion machined that's about all
'Member that time when Joe was VP and there was almost a depression? Yeah, he's gonna try and make it a for sure depression this time.
dont know but I've been out for 45 days. Our 401ks are in cash money markets for now and our regular investments have also moved to cash. I am willing to wait until things collapse before I move back in...that is if the great reset that is coming allows us to move back in. We may end up paying $100 for a loaf and a salami
Move some more of that into gold.
we did that a while ago, but we also bought land.
The new age of Robin Hood...
Lmao, you gotta imagine that threatening to shut down the market will probably embolden the people doing this.
You love to see it
Halting a stock or even a market on unusual, inexplicable activity isn't that unusual.
And yet, when there are inexplicable voting anomalies that can't be quantified or rectified, it's business as usual.
Look, Fat, we only ensure the integrity of things that help us. - Joe
Wow you don't already know. Every time a Democrat takes an oath the stock market takes your money. Its an historical fact. If you didn't take steps to secure your investments on the 7th you are gonna feel th pain.
You're new to this planet, huh?
Yea just visiting fron the Usa .remember that place? Back to the past I go.
USA? Long dead, but I kind of remember.
dude...it's done ok? it's over! that's it. it's gonna fall. it's coming faster and faster
look at me! we are the stock market now!
WEF starting its plan
Lol wut?
GameStop just needed to shed the brick and mortar portion of its business model to stay in the black. Bankruptcy could achieve a reorganization toward online buying, selling, and trading of digital and non-digital games.
How is it you see them getting into the sale of new and used digital games? The entire point of digital games is that you only own a license, not a copy that can be transferred.
They can set up download streaming for new games, not used. They can perhaps discount those games if they can arrange a distribution deal with developers ? Bundles?