Reddit poster goes from $50k to $11 million off Gamespot stock( now $48 mil)

[The_Sheff]

markets are closed you can’t buy now

Yes you can, the good brokers let you buy and sell until 8pm.

 

[Imhotep2]

Jumped in at nakd at .95 cents and now its $2.50
Trading Volume is at 2.1 billion

Let me wakeup tomorrow and see it at $10

 

[KnickstapeCity]

When you see that red -200.00...don’t panic....just a little turbulence

 

[Tunez]

Where?

Wallstreetbets

 

[kevin arnold]

Yes you can, the good brokers let you buy and sell until 8pm.

got you
I didn’t know that. I thought you had to have atleast 100k to trade after hours

 

[Matt504]

So is this nakd thing a go?

safe to say the answer was yes

 

[Lady.Libra.]

Breh speak to me in English. I’m not a stocks guy.




Is that a yes or no?

 

[karim]

What Twitter thinks is happening:

Spoiler

What's really happening:

Spoiler

Markets have been playing cat and mouse with people that try and corner a stock/sector for decades. Here is a more popular episode from 40 years ago:
Silver Thursday - Wikipedia

Here is one that made Bill Ackman lose $1B
Bill Ackman - Wikipedia

It's both. Because back then, even if you figured out how this worked, you couldn't profit from it, because as an average joe, you couldn't compete with large investors. But now, you can go on the Internet and tell everybody to buy a certain stock and inflate the price as if you were a hedge fund manager. As I said, it's like Bernie competing with establishment candidates with wallstreet donors by crowdsourcing his campaign finances. But just like Dems in the primaries, this is probably end up with the establishment closing ranks and consolidating power. It's still entertaining to look at though

 

[SAINT]

Buy high sell low

 

[Astroslik]

markets are closed you can’t buy now

Yes you can

 

[Astroslik]

@idontposthereanymore

will naked reach $10 by Friday?

 

[ALonelyDad]

Just signed up on Robinhood, ready to make 48 mill

 

[Spectre]

how much did you make from a fluke my guy?

Why u pocket watching?

We all gon eat

 

[ORDER_66]

Robinhood just gave me access to options, calls and stops trading... gonna try to double my dollars next time...Im gonna study this shyt so when I got some free money I'm gonna do this the right way...

 

[ORDER_66]