Pro Tip - There will be nobody to sell your shares to at the top. Nobody is going to buy GME above 20 once it starts to fall. There will be a few bounces, then more devastation on the way down. This is the biggest, and quickest, redistribution of wealth with one shitty stock in the history of the market. The reason this is in the news is because people like Soros want it in the news. Otherwise it would be buried like the FISA fraud, the election fraud, HCQ trials, mask efficacy studies, etc. Ask yourself, why is the fake news covering the story? Hint - go check GME put options that have been purchased. There will be a few people who make a shit ton of money when the bottom falls out. Be smart. Think for yourself. If you're holding GME because Reddit fags are telling you hold to it's not smart.
*EI is East India from 1796.
Lol. You do realize that there are plenty of big institutions contractually obligated to buy the stock no matter what the price once their margin calls come due. Right?
Also, who cares? I'm sure the vast majority of people in gme only have a few hundred bucks worth of mad money invested. A small price to pay to stick it to some fatcats on wallstreet.
I love how you think you're telling people something they don't already know.
The "fatcats on wallstreet" aren't going to get stuck. That's just a fantasy that amateur investors have bought into.
i have only 50 dollars in gme share!
you are making 1 msitake retard!
to some of us it is not about making money it is about sending a message!
sending a fuck you to them
Institutional gamers with algorithms vs retail gamers with community organizers.
Best show in town. Both are legal.
And the institutional gamers will come out ahead.
You forgot that only one side cares about the actual value of the stock and the money involved. If the hedges could get the stock to drop they would have already done it. They’re fucked and are buying time to hedge elsewhere.
You think this movement is doing this to make money? It's about destroying preditory hedge funds and exposing their game to the public. If the Occupy movement had done something like this years ago, it would be more clear to the public how much of the 1% has its wealth.
Most big pension funds have investments in big hedge funds in their portfolios. In other words, "the public" thinks of hedge funds as just being for "the rich", while in reality, most people who are participants in a US pension program are indirect holders of investments in big hedge funds.
And just like that, the Nazis start defending the Jewish bankers....
LOL - Pro tip... This whole post should be deleted on basis of being only word salad
The hedge funds call their shorts and start buying at current stock price and lose their fucking shirts.
*happening. Idk continue to MAGA and find the next big short.
You're the schizophrenic that can't figure out which one of your personalities is talking. Once again, I'll pass.
Which one of your personalities am I talking to this time?
You can just pass on any of my comments, because I'll never respond to you. It's because I think you're a hod shy of a full load.
Not to mention, their supercomputers will be manipulating small trades all the way down, recreating the amount lost. Millions of trades per second.
Go put on your 3rd mask while you’re at it.
No one cares. That's the point, dummy.
Its a good company. And some people just like the stock.
Thank you for posting this. Sadly, the people who most urgently need to understand this are unlikely to pay attention.
All the hedge funds bet both ways. Their losses are always offset by their gains... and its usually on the same stock. Yeah, they lost 5b on the shorts, gained 20b on the current fills, and when they start puts, they'll gain back on the shorts they still hold. 140% contracts only went down to 110% for the shorts. The fat cats are still laughing.