Gamestop and The Stock Market

[One Brow]

That’s a good point and I’ll adjust my opinion. But as I mentioned, wouldn’t shutting down this hedge fund potentially **** tens of thousands out of their life savings? I’m just asking.

Most retirement accounts available to middle-class people are investment accounts. They might buy too heavily into index stocks, but they are not shorting stocks and taking similar risks. To play that game, you need to have some money you are willing to burn. The fund might wind up shorting for 1.5B and paying another 0.5B in interest before they resolve their position, to make 3 or 4B. This is not middle-class retirement accounts being used (at least, it's not supposed to be).

 

[One Brow]

If you have not seen it, watch The Big Short.

 

[Avery]

LOL, absolutely rocketed up to $468 for a five minute period today before retreating when everything got locked down. Most brokers are now restricting the trade including Robin Hood where I sold my free Gamestop stock yesterday. Talk about a surefire way of pissing off your consumers.

This should be a wake up call on how much stock market manipulation and indirect insider trading really occurs. I know, I shouldn't have sold and should have held the line to teach the cronies a lesson.

The Do Not Sell memes are all-timers.

 

[leftyjace]

The bubble has popped...

 

[leftyjace]

Handlogten, it’s plummeting fast... sell if you haven’t already... down 44% right now

 

[leftyjace]

AMC is also creashing hardcore, down 48% - that’s another one that Reddit was trying to pump up

 

[leftyjace]

With great risk comes great reward.
But don’t forget about the great risk.

You don’t say? Really?
So... is GameStop dropping faster than Newton’s apple an indication of great risk? (Down 56% as of the time of this posting)

 

[Eminence]

Quoting yourself is a bit tacky.

I've heard reports of quite a few of the trading apps not currently allowing folks to sell.

 

[leftyjace]

Quoting yourself is a bit tacky.

I've heard reports of quite a few of the trading apps not currently allowing folks to sell.

Gee, thanks!

According to MT Newswires, MUST Assedt Management sold its stake, which is driving a lot of the downward pressure.
AMC is down 67%, Blackberry is down 45% also (two others the Reddit forum was hyping)

 

[Saint Cy of JFC]

lmao, don't sell.

They are trying to freeze it and scare people into selling. Just hold.

 

[porfavors]

 

[leftyjace]

Perhaps you’re right, and I spoke too soon. The bubble is re-inflating.
Has recovered to where it’s only 22% down now.