posted ago by Asshat4Congress
+8 / -0
GME can be easily described as this: a bubble formed on an extremely popular protest that decides if a hedge fund or an investment bank make money, the only people that are profiting in the real world are people that bought in and sold before the bubble burst, but just like in 2016 when I said I had no idea our media and government had gotten this corrupt, now I am saying I had no idea that wall street was just as corrupt
GME can be easily described as this: a bubble formed on an extremely popular protest that decides if a hedge fund or an investment bank make money, the only people that are profiting in the real world are people that bought in and sold before the bubble burst, but just like in 2016 when I said I had no idea our media and government had gotten this corrupt, now I am saying I had no idea that wall street was just as corrupt
You are much less smart than you think you are.
don't be a liberal, explain your idea
The momentum to drive the price up is a phenomenal bull driven push built on some solid economic concepts. If the shorts had not bet on bankruptcy and the internet community was not as active and large, the stock price would have never taken off in the manner it has. Getting institutional buying power in a distributed network is something we have never seen before this week, with maybe the exception of highly risk tolerant Bitcoin speculators. It is easy to move markets with some value investors in the Hamptons and NYC. To get retail investors on the same page, with great information and momentum is much more than dumb luck. Is it a bubble? Of course as the fundamentals will never make sense with GameStop, however with the shorts being held accountable to buy out or pay interest the play is really, really smart.
so we agree
It is more of an autistic bubble than are retarded bubble