Hedge funds short 130% of GameStop stock (yes, that is indeed a strange number) for $10 each promising to buy all shares at the end of the month for what it assumed would be $5
WSB buys much of the shares that hedge fund does not have, and prices go up to hundreds of dollars
Meaning the ~$5 Million in profit they were expecting has now become a $12 BILLION loss!
Hedge fund throws big whiny piss baby fit to regulators and broker to make it so they don’t lose any more money
Shame that anyone in America can steal the market capitalization from any targeted company, and make out like a bandit. Its totally fraud and theft, and perfectly legal...that is until the everyday man got wise.
Can anyone explain to my dumb brain what all this hedge fund/game stop hysteria is about? I honestly am not a stock market person
Hedge funds short 130% of GameStop stock (yes, that is indeed a strange number) for $10 each promising to buy all shares at the end of the month for what it assumed would be $5
WSB buys much of the shares that hedge fund does not have, and prices go up to hundreds of dollars
Meaning the ~$5 Million in profit they were expecting has now become a $12 BILLION loss!
Hedge fund throws big whiny piss baby fit to regulators and broker to make it so they don’t lose any more money
Yes. Shame how they step in. Rigged election. Rigged market.
Shame that anyone in America can steal the market capitalization from any targeted company, and make out like a bandit. Its totally fraud and theft, and perfectly legal...that is until the everyday man got wise.