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The GameStop Hedge Fund fiasco, explained. No, this isn’t a bad thing. Some are trying to position the GameStop populist uprising as something bad, even a "Ponzi Scheme." It's not.
NOQ Report ^
| 01/28/2021
| Carl Durrek
Posted on 01/28/2021 8:54:41 AM PST by SeekAndFind
click here to read article
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To: Alberta's Child
The lesson to be learned here is that when you make something easy for any nitwit with an IQ of 70 to do, you often have no control over the results. “
There was no nitwitery envolved here. A bunch of wealthy and connected hedge funds got their taints handed to them by the underdogs, who outsmarted them. Technology has a way of leveling the playing field in the long run. Now hedge funds and investment banks no longer have a monopoly on market manipulation. Hedge funds are the new record labels.
To: The Louiswu
Will this be some kind of law to just only professionals can do ‘shorts’? Whatever they write for a law....will just be openly challenged in court. The whole purpose of Wall Street....it was open from the littlest ‘nobody’ to the greediest billionaire.
To: The Louiswu
Right. I’m not talking about the idiocy of bankrupting hedge funds. I’m talking about the idiocy of having people buy and sell securities that may not even be available for sale anyway. LOL.
43
posted on
01/28/2021 9:25:08 AM PST
by
Alberta's Child
("There's somebody new and he sure ain't no rodeo man.")
To: Alberta's Child
The markets aren’t doing badly today (understatement). Well, any way, little players should not be allowed to indulge in the games big persons play like violins./s
44
posted on
01/28/2021 9:25:51 AM PST
by
PerConPat
( A politician is a animal which can sit on a fence and yet keep both ears to the ground...Mencken)
To: precisionshootist
I agree. I was referring more to the general idea of making things easy that used to be difficult and/or time consuming.
Do you think drive-in windows made people more or less careful about what they eat? LOL.
45
posted on
01/28/2021 9:26:45 AM PST
by
Alberta's Child
("There's somebody new and he sure ain't no rodeo man.")
To: BenLurkin
They weren't naked shorts, those hedge funds intended to buy all 136% of the outstanding shares they shorted. /s
46
posted on
01/28/2021 9:27:50 AM PST
by
Repeat Offender
(While the wicked stand confounded, call me with Thy saints surrounded.)
To: RummyChick
RE: amc getting it’s butt kicked
There is absolutely NO REASON to own AMC. Nobody is going to movies or theaters any longer so any run-up in prices for a day or two already is a signal that some hanky panky is going on.
To: BenLurkin
Tell that to the Hedgies who have depended on chaos (albeit in limited amounts) for years.
All power to the Redditors.
48
posted on
01/28/2021 9:28:48 AM PST
by
Riflema
49
posted on
01/28/2021 9:30:24 AM PST
by
AlmaKing
To: Alberta's Child
"bankrupting hedge funds."
Bankrupt the bastards I say, the Hedgefund creeps to this sort of crap all the time. Their reps go on CNBC and smear a company with the intent of driving the stock down so they can booze their way in and make $$$, well it's about time they get their butts handed to them and I really hope it happens.
50
posted on
01/28/2021 9:30:25 AM PST
by
The Louiswu
(HOLD ON GME)
To: Yo-Yo
The SEC has a revolving door with the companies they regulate—as do all major federal agencies.
Ban the revolving door—lifetime ban in either direction—and you can _begin_ to get a handle on this—but it would still take decades to have an impact.
51
posted on
01/28/2021 9:31:10 AM PST
by
cgbg
(A kleptocracy--if they can keep it.)
To: BenLurkin
Naked shorts are illegal already. But somehow, they keep on happening. Patrick Byrne (yes, him) has written and campaigned extensively on this issue as his company was a victim some years back.
The naked shorts are scumbags and fully deserve this if they don't escape.
52
posted on
01/28/2021 9:31:41 AM PST
by
Riflema
To: SeekAndFind
So far it’s not a bad thing. But when the stock crumbles the winners will be losers.
To: montag813
guess Dave Portnoy has 1 milly locked in...he says he’d rather die than sell...lawsuits coming big time...
54
posted on
01/28/2021 9:33:36 AM PST
by
basalt
To: BenLurkin
Akin to teens ransacking a shopping mall...by legally buying what the stores had to offer.
55
posted on
01/28/2021 9:35:28 AM PST
by
Sirius Lee
(They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
To: basalt
"lawsuits coming big time..."
Robinhood should feel the pain
56
posted on
01/28/2021 9:35:49 AM PST
by
The Louiswu
(HOLD ON GME)
To: Sirius Lee
Akin to teens ransacking a shopping mall...
If Redditors are illegal then the whole system is illegal...these folks are just trying to claw a little back from creeps who have worked and gamed the system for years. The tools are in place, so let them go at it I say!
57
posted on
01/28/2021 9:37:53 AM PST
by
The Louiswu
(HOLD ON GME)
To: SeekAndFind
To: hercuroc
These hedge funders manipulate the market all the time.
Sneaky leaks to the press to drive prices up or down.
Now Robinhood is manipulating trading by not allowing to buy GME.They get a lot of money from the hedges.>>> and shorting rules changed years ago to allow anyone to short the stock. In the old days you could only short the stock by actually borrowing someones stock. The short interest could never exceed the total shares outstanding. Now that rule doesn’t apply.
59
posted on
01/28/2021 9:39:49 AM PST
by
kvanbrunt2
(spooks won on day 76)
To: SeekAndFind
If Gamestop isn’t worth that much then what’s the point?
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