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To: BipolarBob
Suppose you buy a cup of coffee tomorrow morning for $1. Then the store owner uses that $1 to get a haircut in the afternoon. Then the barber uses that $1 to buy a new comb at the pharmacy.

At the end of the day you have $3 worth of transactions using the same one dollar. The transactions are 300% of the available currency.

Is this supposed to be a problem?

22 posted on 01/29/2021 9:38:47 AM PST by Alberta's Child ("There's somebody new and he sure ain't no rodeo man.")
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To: Alberta's Child

The point is, illegal, unethical or none of the above, the hedge funds took a huge risk, and are now getting their heads handed to them by a bunch of rookies and amateurs. Who doesn’t love a story like that?


25 posted on 01/29/2021 9:44:32 AM PST by bigdaddy45
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To: Alberta's Child
Is this supposed to be a problem?

That's a faulty syllogism and reflects nothing of this situation. What you presented is normal commerce. What is going on here is borrowing something that will have to be repaid back at whatever the price may be. That is something quite different. It is a wager that has infinite downside. And then you have external market forces trying to restrict trading to further complicate things.

32 posted on 01/29/2021 9:58:56 AM PST by BipolarBob (USA - Born July 4, 1776. Died Jan. 20, 2021 in the Year of our Covid - a new error.)
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To: Alberta's Child
"At the end of the day you have $3 worth of transactions using the same one dollar. The transactions are 300% of the available currency." Is this supposed to be a problem?"

It wouldn't be if that was the case but I don't think that's what happened with GME.

Either way the shorts went down on this one big time.

I don't know what to think about these reports of TD suspending GME, disappearing watch lists, etc.

I'm on TD throughout the day and could have bought or sold at any time.

50 posted on 01/29/2021 2:12:53 PM PST by precisionshootist
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