What started out as a few brokerage house thinking they could force Gamestop in bankruptcy for an easy killing are in for a rude awaking.
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This is bigger than a Robinhood group. The dollar amounts is beyond them.
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This will kill the brokerage houses that shorted them and the banks that back them.
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The brokerage houses and banks now have to sell/short into the buyers trying to save themselves. It is not working and just making their losses worse.
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Whoever is the backing this has a plan to destroy some big players and it's working.
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Once this is done, there will be another and another.
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Enjoy the show.
Never would have thought the system would crack due to GameStop lol
This why I'm confused. I'm thinking maybe it's some code for something else but actually fucking GameStop. WTF?
They got new board members from Chewy (Ryan Cohen and friends), pivoting the business towards 'the Amazon of gaming' and thus e-commerce. Huge potential!
Stock investing by konami code.
https://www.howtogeek.com/659611/what-is-the-konami-code-and-how-do-you-use-it/
the fund targeted gamestop, and the retail investors targeted the fun
it's not that complicated
I don't follow what's going on with reddit nor stocks, so when I hear gamestop is fucking up the market, I didn't think it was THE GameStop. A company, afaik, has been tanking for years and constantly rapes their costumers.