Posted on 02/02/2021 11:02:31 AM PST by nickcarraway
Outspoken social media personality Dave Portnoy tweeted Tuesday that he has sold his shares in companies GameStop and AMC at a major loss, blaming trading app Robinhood for killing the so-called “Reddit Rally” that he joined and helped promote in recent weeks.
“I have officially sold all my meme stocks. I lost 700k ish,” Portnoy tweeted before taking a personal shot at the CEO of Robinhood. “Vlad and company stole it from me and should be in jail.”
Portnoy’s selling comes as the manic trading blitz that sent cheap stocks to outrageous new heights — fueled by retail traders using Reddit and Robinhood — hits shakey ground. GameStop shares are down more 50 percent Tuesday. The price of silver has also retreated Tuesday and theater chain AMC’s shares are down more than 40 percent.
(Excerpt) Read more at nypost.com ...
Portnoy is a nice guy, funny, and conservative-libertarian. But he is a piss-poor trader, as we saw last year.
We never had liver when I was growing up.
“We never had liver when I was growing up.”
We did and I hated it! However, now I richly enjoy fatty democrat liver sauteed with onions and Chianti as a wash!
We now know we have the following FR sub chapters:
FR-Antifa - Crash everything.
FR-AOC - Low info.
FR-BernieBros - Get all the rich people.
FR-BLM - Just angry and crash + smash.
GME now trading @62 and dropping like a rock.
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