Posted on 01/31/2021 5:10:52 PM PST by SeekAndFind
After seeing the major players suspend the purchase of gamestock, coupled with the SECs lack of action, I hope the hedge funds lose evey penny they have.
Not to mention Robinhood selling people’s stock without permission at the lowest price of the day to help said hedge funs.
The game is rigged. They will be after your retirement funds again.
I have no love for the hedge funds, but I do feel bad for the regular Joe’s that bought GameStop shares at too high a price and who will suffer losses as well. Much smaller losses, of course, but it will hurt them nonetheless.
Do it now before Biden’s puppet masters put a stop to this. I think by the end of next week “retail” trading will be completely outlawed.
My son is a freshman finance major at one of the oldest universities in the country. He sent us a text a week ago saying “Inside tip: buy all the GameStop you can!”
We said yea, right. And did nothing.
He put everything he could from his Schwab account into it.
Friday, he told us he sold, and how much he made. In a week, he made more than I did in a year of my first job after of college.
The world is a lot different than it used to be.
On a brighter note......we’re just getting started. Once it is discovered what 4 million can do with their wallets.......there is all kinds of mischief we can get into.
Like...turn Wal-Mart OFF.
bookmark
LOVE IT!!!!
I like this story about Gamestop trading because it ultimately tests how much regulation Joe Biden will pursue. Will Biden add more regulations on trading on the premise that it’s good for combatting climate change? Will more regulations on trading be added because it deals with racial inequality? Those added regulations will be thrown out in the courts.
if my overall portfolio is not in hedge funds should I be worried.
Amazon? God how I wish that stock would sink to hell!!
“Once it is discovered what 4 million can do with their wallets.......there is all kinds of mischief we can get into.”
How about 70 million patriots?
So hedge funds are losing money because they’re betting that Gamestop stock will go down? But who are they making bets with?
Floating their shorts costs money, more money the longer it goes on. The smart ones have ripped the band-aid off and taken their losses. The rest will hemorrhage until somebody blinks or - watch it happen - the feds decide to come to the rescue of their heavy donors.
"Despite that, the game is still on, and there is likely blood left to the drawn."
That comes later. I imagine 15 million are prepared to do their worst tomorrow. Then momentum increases. Mass x Velocity.
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