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re: Someone explain this Game Stop deal.
Posted on 1/27/21 at 3:07 pm to 3nOut
Posted on 1/27/21 at 3:07 pm to 3nOut
quote:
hedgefunds shorted thousands of stock with at $30-$40 and now it's over $300. so they have to buy back at that inflated cost and it's going to cost billions to the hedge funds that shorted the stock.
And Democrats are huge benefactors of hedge fund contributions so expect some draconian response from the government. Gotta protect the donors.
1
Posted on 1/27/21 at 3:10 pm to fisherscatfan
quote:
And Democrats are huge benefactors of hedge fund contributions so expect some draconian response from the government. Gotta protect the donors.
i also saw an article on TexAgs where it said that going after hedge funds is the new anti-semitism.
i have no love lost for rich a-holes, but i'm not an "eat the rich" type of guy either.
Hedge funds are just pissed that somebody figured out their game and hosed them. they'll call for protections and to make sure it doesn't happen to them again.
This post was edited on 1/27/21 at 3:12 pm
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