If you buy GameStop stock and hold on to it, then it hurts the evil Wall Street people that have been standing on our necks and ripping us off for decades.
Everything the WallStreetBets guys did was totally legal (and genius) but the deep state doesn't care, they are angry that their biggest donors are getting beat at their own game so they are lying and changing the rules to suit them. Thus undeniably exposing the absolute corruption of our entire system to the world. As if that hasn't already been done with the 2020 election.
We like the stock, but the ultimate reason is that it was overshorted. Hedgefunds need to buy 120 % of shares available on the market, they only can buy from us and we will not sell for a bad price.
Could someone explain this GME thing in the most basic terms for those of us who know nothing about stocks?
If you buy GameStop stock and hold on to it, then it hurts the evil Wall Street people that have been standing on our necks and ripping us off for decades.
Everything the WallStreetBets guys did was totally legal (and genius) but the deep state doesn't care, they are angry that their biggest donors are getting beat at their own game so they are lying and changing the rules to suit them. Thus undeniably exposing the absolute corruption of our entire system to the world. As if that hasn't already been done with the 2020 election.
Thanks. And why is it the company GameStop specifically?
We like the stock, but the ultimate reason is that it was overshorted. Hedgefunds need to buy 120 % of shares available on the market, they only can buy from us and we will not sell for a bad price.