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re: A summary of what happened today with GME and why securities were restricted
Posted on 1/28/21 at 6:07 pm to rocket31
Posted on 1/28/21 at 6:07 pm to rocket31
Apparently Fidelity and Vanguard own GameStop shares 
I knew it just wasn’t retailers
I knew it just wasn’t retailers quote:
You wanna know why fidelity and vanguard were the only two standing? They hold something like over 20% of the gamestop shares. They could let you buy, BECAUSE THEY WERE THE ONLY ONES WHO COULD GET SHARES. The squeeze is squozing, and the only way out of $100k+ share prices which would break everything was to STOP THE MARKET.
1
Posted on 1/28/21 at 6:14 pm to 13SaintTiger
quote:
You wanna know why fidelity and vanguard were the only two standing? They hold something like over 20% of the gamestop shares. They could let you buy, BECAUSE THEY WERE THE ONLY ONES WHO COULD GET SHARES. The squeeze is squozing, and the only way out of $100k+ share prices which would break everything was to STOP THE MARKET.
Wow
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