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.
I hope everyone in America sees the lesson here.
Good for the GameStop deplorables.
Chaos in the equity markets isnt a good thing for anyone..
What will be the outcome. They will require a licence to buy or sell stocks online, which of course would be subject to revocation if you support the wrong political candidate, or say something wrong on Social Media.
None of this was rocket science. GameStop was simply the pick of the group and it’s a demonstration of how you can take down the hedge fund idiots.
I’ll make this prediction...this will not be the last demonstration of this tactic for 2021.
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.
Excellent for the Gamestop deplorables. This isn’t the first short squeeze, nor will it be the last.