Jesus H. Christ
I died for your sins
It seems like other people from other countries are forming like voltron and buying gme, and they have no restrictions. 
Reddit poster goes from $50k to $11 million off Gamespot stock( now $48 mil)
- Thread starter goatmane
- Start date
Nothing is even close to Gamestop or even the other few that popped up. This is a once in a lifetime play that’s months in the making. Best believe that these hedge funders will not expose themselves like this again after this is over.
This why it's a problem
Stock price only rise when people buy the stock
People buy the stock based on their belief in the companies viability, nobody wants to buy stock in a company that might go out of business because they will lose all their money
Gamestop hasn't made money in 12 years nobody in their right mind would buy this stock or a lot of shares in it, unless gamestop start turning around
which it hasn't half of it's locations have closed
The only reason the price is soaring is because wall street bets are telling people to buy the damn stock so the more people buying shares the higher the price goes up even though the company isn't making any profits at all and can go out of business any day now
They don't care because they can cash out, some already have, and the people buying in now will lose all their money when the ponzi scheme is over
Stock price only rise when people buy the stock
People buy the stock based on their belief in the companies viability, nobody wants to buy stock in a company that might go out of business because they will lose all their money
Gamestop hasn't made money in 12 years nobody in their right mind would buy this stock or a lot of shares in it, unless gamestop start turning around
which it hasn't half of it's locations have closed
The only reason the price is soaring is because wall street bets are telling people to buy the damn stock so the more people buying shares the higher the price goes up even though the company isn't making any profits at all and can go out of business any day now
They don't care because they can cash out, some already have, and the people buying in now will lose all their money when the ponzi scheme is over
Actually6Foot3
Veteran
no I don't you dumbass. Stocks have been going up all pandemic despite half the country begging the government for a stimmy. How well a stock does it's always correlated to hoe well a company does anyone with two braincells knows this. You're moving the goal posts and creating a straw man and arguing against it.
You called GME stock increase market manipulation which is BS
Once again you don't why stocks go up
it has nothing to do with pandemics or any of that shyt lmao
some companies have made record profits during the pandemic lmao their stocks should be up
dumb ass nikka
Actually6Foot3
Veteran
MajesticLion
Veteran
Pretty much, yes. It's hilarious. Especially since people started to dig up which other stocks there are, where hedgefunds have large short positions, exposing them to the same risksThx breh, dude was pretty clear about what happened. So if I understand correctly institutional investors are mad they got played at their own game by a bunch of random reddit dudes
It's an epic Payback for 2008, but also has the potential to tank the whole stock market, because when the hedgefunds go bancrupt, they will have to liquidate their assets, which means that a lot of stocks will be dumped on the market, driving down prices.
heisenburrr
Have Fun Staying Poor
I’m confused how these platforms can halt people from trading certain things?
What part of the free market is that?
heisenburrr
Have Fun Staying Poor
Why is it illegal again?
Phone calls were made lastnight
Pretty much, yes. It's hilarious. Especially since people started to dig up which other stocks there are, where hedgefunds have large short positions, exposing them to the same risks
It's an epic Payback for 2008, but also has the potential to tank the whole stock market, because when the hedgefunds go bancrupt, they will have to liquidate their assets, which means that a lot of stocks will be dumped on the market, driving down prices.
Then we buy
