I can’t be the only one enjoying seeing some regular joes sticking it to hedge funders trying to profit off others’ misfortune. The redditors probably lose in the end, but they’re doing some damage right now.
GameStop trading
- Thread starter URedskin54
- Start date
I gave mixed feelings here. These guys aren’t exactly the do gooders they want you to believe. They are also making money on this crap. But like Bitcoin, it’s all fun until a few people jump off first.
Then again, hedge fund people are awful and this is repugnant.
But then some more, why is any brick and mortar retail company sold publicly?
Like many nights in college, there are a lot of bad decisions that lead to this.
Then again, hedge fund people are awful and this is repugnant.
But then some more, why is any brick and mortar retail company sold publicly?
Like many nights in college, there are a lot of bad decisions that lead to this.
True. There's some guys who made a ton of money on this, and then there are some people who threw their life savings at it who will get out too late and lose everything. It won't end well, but I'm enjoying some of it.
I was taken aback to learn pharma bro was a moderator on that Reddit for a time.
That subReddit is basically a site for 9th graders with too much cash in their pockets.
There's no real hero in this story, but it is damn entertaining.
I never would have guessed GameStop would be in the headlines for anything other than bankruptcy this year. Certainly not because of a $400 stock price, lol.
I never would have guessed GameStop would be in the headlines for anything other than bankruptcy this year. Certainly not because of a $400 stock price, lol.
The hero may be the byproduct, as itmay help the general public realize how corrupt Wall Street is.
How do you regulate this? We gleefully let people do whatever the eff they want to do with money. Want to blow your savings on QAnon or a casino? Go do it, brau. Want to pay $600 face for OSU club tickets? Yeah, write that off.
The problem is that the whole debate is so removed from the actual purpose of securities, ie raising capital for profit, that this entire discussion makes no sense.
Yeah. It was cool when Baltimore beat UVA, but at some point, we all need the brackets to work.
The problem is that the whole debate is so removed from the actual purpose of securities, ie raising capital for profit, that this entire discussion makes no sense.
Yeah. It was cool when Baltimore beat UVA, but at some point, we all need the brackets to work.
It’s not the small guy doing this. The tick trade on GME today when I was watching it showed 200-1000 shares and the volume was crazy. At $250/share, those are $50,000 - $250,000 trades. And most companies did away with margin on GME today.
these are big boys who are going to leave the small guy holding the bag. Probably paying some entry level dudes at their firm to go crazy on Reddit under fake names.
these are big boys who are going to leave the small guy holding the bag. Probably paying some entry level dudes at their firm to go crazy on Reddit under fake names.
The landscape of equities have changed significantly throughout the years. Back in the day stock valuations were greatly influenced by the dividends they threw off. Investors would buy blue chips with the expectation they would benefit from dividends. A stagnant stock price wasn’t anything to get overly concerned about as one’s gains came via these distributions. Wall Street has of course changed this by de-emphasizing dividends and focusing on speculation as the major force driving stock price .
I assume most of us don’t fully realize the extent Wall Street manipulates equities. I certainly know I don’t. I do know enough to understand the system is controlled by the few often to the detriment of the individual investor. Which is why I find the GameStop saga so interesting.
I assume most of us don’t fully realize the extent Wall Street manipulates equities. I certainly know I don’t. I do know enough to understand the system is controlled by the few often to the detriment of the individual investor. Which is why I find the GameStop saga so interesting.
A global financial Revolution has begun and it squarely targets the Oligarchs that control us. https://www.cnn.com/2021/01/29/investing/premarket-stocks-trading/index.html
Too bad the oligarchs aren’t going to let it take off.... they will pay off whoever they need to to stop things like this continually emptying their pockets.
Yeah it didn’t take long for some big Wall Street players to get involved. Not surprising.
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