Posted on 01/28/2021 2:29:19 AM PST by Reverend Wright
Re: 5 - Day traders better have an exit plan, because there’s two sides to a trade. And some traders are going to get crushed when this stock’s price normalizes.
Infusion. Off-loading key properties within its portfolio will provide GameStop with a tremendous cash infusion in the very near term.
Cash not capital but same effect. Liquidity.
Reddit intentionally purged much of its conservative membership with the closure of various subreddits eg ones dedicated to Trump. The usual specious reasons were given.
The point is that most remaining on Reddit are of neutral or liberal political stances.
The Wallstreetbets crowd are hardly conservative or libertarian. In fact, they are probably more left especially since they view their cause as Robin Hood-esque.
However, they are quickly discovering what happens when the Big Tech/Government tactics are aimed at them. They’re being frantically deplatformed with no explanation or recourse.
The Nasdaq CEO is a quota-hire glamour-puss airhead in her leather jacket looking down her nose at the hoi polloi.
SUPPOSEDLY Janet Yellen (yes that old boiler again) was on the phone with various and sundry insiders and power players trying to figure out how to subvert the subversion. I don’t think she is taking all possible consequences into consideration. They’re panicking.
Wall Street and Soros can short these companies with impunity and bankrupt companies and countries without any repercussions at all but if smaller investors fight back, THEN there is a problem?
Sort of like the divers weights and unjust measures we get across the board.
Social media bans, financial deplatforming, charges for “rioting”, FBI investigations, court decisions on election law...
Also, the trading platforms are putting on restrictions on margin, options trading, cash tansfers...etc for small investors especially for GME. Trying to help out their assh@le financial elite cronies !
You are right about SEC corruption. SEC employees’ own-book investing outperforms the market, based on the information they receive from company compliance notices before SEC publicly posts it.
These Hedge Funds do everyday what Reddit buyers are doing.
So what is the difference?
I don’t understand why they are crying about it?
What you just posted has nothing to do with an infusion with this run-up - which is what you said (see your quote above). Even that article you listed from 7 months ago estimates that they would get $90 million - and that's just some joe schmoe's opinion (Seeking alpha articles are so-so at best for equity analysis). At $45/share (1/10th it is now), that $90 million would be less than 3% of their market cap. And they are still bleeding money every year. I think longer term this stock continues to trend back single digits but medium term I think ~$40 after this insane spike is done is probably about right.
Biden will help his oligarch friends.
The little people are not allowed to fight the swamp.
Haha!
Yep that is probably correct.
The company cannot used their stock as collateral without issuing new shares (executives that may not be the case depending on their insider trading policy but that wouldn’t benefit the company). Issuing new shares would simply dilute existing shareholders, especially if they did it without raising capital through a secondary offering, which at least that would in theory would at least keep their EV/share the same, although those typically put at least temporary downward pressure on the stock.
Bkmrk.
The Financial Times oozes sympathy for every left wing cause it can find — as long as it is approved by the oligarchs. By the way, who really owns the Financial Times?
I bought NOK on Friday. Sold 1/3 on Tuesday. Sold 1/3 Tuesday, sold last 1/3 13 minutes later. 70% up. I don’t intend to be hog. :)
Hanging with piano wire hurts worse.
They should thank these guys.
If they did they deserve to go out of business.
The danger of shorting a stock is that you can lose a lot more than you put in. If I borrow a stock at $20 to short it and it goes to $500 where I have to bail out, I've lost 25x my initial investment.
I understand not liking the shorts who try to drive stocks down but what’s wrong with investing on the premise that a company is overvalued?
Are we only allowed to assume that stocks go up?
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