We all remember that sinking feeling election night knowing we were winning, sticking it out the man (AGAIN), and watching out numbers moon like crazy. LIKE CRAZY.
Then, suddenly, in the dead of night like a Venezuelan Socialist election, they halted the count. And immediately afterwards Biden numbers jumped up at statistically impossible levels, all while the media pretended nothing happened.
And we all watched helplessly as our five years of investment (in Trump) came crashing down, all while the powers-at-be exposed just how rigged the game truly is.
ITS IMPOSSIBLE TO NOT SEE THE CONNECTION, AND NOT FEEL FOR MY DIAMON HANDED AUTIST BROTHERS (literally have brothers holding stock and they don't even like Trump lol)
Robinhood is already being setup as the sacrificial lamb. Whoever controls Robinhood knows it's a source of pain in the stock market. The powers-at-be know a lawsuit is coming, and they're willing to save Melvin by making Robinhood the scapegoat.
The world will make Robinhood the enemy, all while ignoring the real enemies at the top, stocks will fall to an acceptable level that the Treasury can bail the companies out at, average Redditors will be screwed, and life will go on as normal for the elite.
Absolute corrupting, collusion, and manipulation.
EDIT: This post was made when GME was in free fall from 390 to 109 in like 40 minutes, it's back up, but my point still stands: COLLUSION BY THOSE IN POWER AGAINST US WHO GRANT THEM POWER.
Also, the internet is high on suing Robinhood, but they're not asking the right question: why does Robinhood care?
Because they're protecting someone. Someone on high spoke down to Robinhood and made them halt, or probably have their daughters boyfriends blown up (sadly not even a joke, see Georgia).
Who are they protecting?
That's who the internet needs to rally against after this is all over.
💎👐 Until after market open tomorrow.
It’s basically putting your money into a bank that just happens to be a casino. Only you stop the slot machine at any point in time that you feel is right
This is maybe one of the most delusional metaphors I’ve ever read.
They're not technically wrong though. It's called "realized gains" or "realized losses."
You can't think of stocks like a commercial product, because their value can fluctuate greatly and they don't necessarily depreciate in value over time or with use.
If I buy 50 stocks of a company for $10 each, I've invested $500 in that stock. If the price falls to $5 each, but I still hold the stock, I haven't "lost" $250, because I still own those 50 stocks. I only realize those losses if I sell the stocks for $5 each. If I hold on to them, there's a chance that the stocks will rise back up to $10 and allow me to break even, or even get potential gains if it rises up above $10.
The losses and gains only become real when you sell the stock and finalize the transaction.
The problem in this scenario is that Gamestop's stock is NOT really worth $220. Estimates I've seen for a reasonable valuation is $16 per share. So if you bought in at $150 per share and just hold it forever, you'll technically never realize your losses, but the odds of the stocks rising back up again to the point that you'd break even are extremely low. So people who bought in later when the price was already inflated are likely to lose money once this bubble bursts, and it will eventually burst even without all of the corrupt manipulation going on.
so what you're saying is.... short GME now?