GME basically sold a bet that game stop wouldn't get to 20$ on Jan 29 2020. A bet too big though! They bet all 150% of the stocks, thinking it would get it all back eventually from buying and selling while making even MORE money by selling MORE SHARES. Even if they didnt have it; They would get it some time! But then somebody bought them up and didn't sell. Almost ALL the shares are locked up right now in these accounts that are due to be paid out on Jan 29. 2020. But the volume isn't available. So by holding this share on that day. The Banks have to pay out 50's of BILLIONS of dollars to retail investors from reddit who discovered this. This stock is like a lottery ticket on friday. It's going to infiniti pinch.
This is different imo. I think the S&P 500 is due to crash. It's bound to happen. WAYYY too much money was printed this year. Between this, the mass arrests occurring. The hidden military operations a frauded election. Banks are losing BILLIONS.
See how small changes on the S&P 500 make HUGE gains on the SPXS? It's coming. Stocks are going to crash. Might not be this week, maybe this is just the start. But over the next 3 months i think ill be VERY happy with my decision to hold SPXS stock.
I love the smell of hopium in the morning
when GME fucks the shorts -- others are going to follow!
What is gme?
gamestop... got some funkyness going on with that stock atm...
are you under a rock? It's a stickied post. It's game stop, its currently about to bankrupt a bank and maybe have some SERIOUS collateral damage.
I think we are about to watch it all change.
Last night was the first I've heard of this.. How can gamestop stock bankrupt a bank?
Just look up the term Shorting.
GME basically sold a bet that game stop wouldn't get to 20$ on Jan 29 2020. A bet too big though! They bet all 150% of the stocks, thinking it would get it all back eventually from buying and selling while making even MORE money by selling MORE SHARES. Even if they didnt have it; They would get it some time! But then somebody bought them up and didn't sell. Almost ALL the shares are locked up right now in these accounts that are due to be paid out on Jan 29. 2020. But the volume isn't available. So by holding this share on that day. The Banks have to pay out 50's of BILLIONS of dollars to retail investors from reddit who discovered this. This stock is like a lottery ticket on friday. It's going to infiniti pinch.
GME won't take down the S&P, not even close.
Have a look at the VW squeeze in 2008 for some idea of the fallout. This instance isn't exactly the same, but close enough.
This is different imo. I think the S&P 500 is due to crash. It's bound to happen. WAYYY too much money was printed this year. Between this, the mass arrests occurring. The hidden military operations a frauded election. Banks are losing BILLIONS.
https://finviz.com/ Look how red the market is.
https://ca.finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC - Goes - 1.7% https://ca.finance.yahoo.com/quote/SPXS?p=SPXS&.tsrc=fin-srch -> Goes + 5%
See how small changes on the S&P 500 make HUGE gains on the SPXS? It's coming. Stocks are going to crash. Might not be this week, maybe this is just the start. But over the next 3 months i think ill be VERY happy with my decision to hold SPXS stock.