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Started By
Message
re: So I bought some Gamestop(GME)
Posted on 2/2/21 at 9:53 am to JDGTiger
Posted on 2/2/21 at 9:53 am to JDGTiger
quote:
Reddit phenom was just a classic "pump and dump".
I can’t imagine how stupid some people are to have pumped huge chunks of their savings or portfolio into GME thinking it was headed to $1000/share.
At least the young guys who are experiencing this at 18-24 years old have time to recoup their losses over time.
1
Posted on 2/2/21 at 9:53 am to Chucktown_Badger
quote:
momentum is lost with the retail investors,
Bound to happen when you're not allowed to buy anymore
Posted on 2/2/21 at 9:54 am to 13SaintTiger
HF lost half of its money by some Autists getting together. That’s enough shits and giggles for me.
Posted on 2/2/21 at 9:54 am to lynxcat
quote:GME aside, this word is overused and has "cost" a lot of people money in the past decade's bull run led by tech companies. Outside of Apple, most have crappy "fundamentals."
fundamentals
Posted on 2/2/21 at 9:54 am to StringedInstruments
quote:
thinking it was headed to $1000/share.
It was. And if you don’t believe it, you’re just a disingenuous revisionist
Posted on 2/2/21 at 9:57 am to castorinho
quote:
GME aside, this word is overused and has "cost" a lot of people money in the past decade's bull run led by tech companies. Outside of Apple, most have crappy "fundamentals."
Huh? Well I guess if you're using pe and profit as the fundamentals. I think of tech companies as a bundle of contracted cash flow. If you do thst you'll see how they get to market value quickly
Posted on 2/2/21 at 9:57 am to oklahogjr
GameShit -> 0
This post was edited on 2/2/21 at 9:59 am
Posted on 2/2/21 at 9:58 am to ThereGoesHerschel
quote:
Bound to happen when you're not allowed to buy anymore
Of course, but people have to accept reality that we live in an unfair and unjust society that protects the ruling class at all costs. The lower classes will never truly revolt, so they get away with it.
Maybe no one could predict how they would stop the bleeding, but hedge funds worth billions don’t just get wiped out by the proles.
Posted on 2/2/21 at 10:01 am to 13SaintTiger
quote:
And if you don’t believe it, you’re just a disingenuous revisionist
I’m not. I’m not well versed enough in finances by any means to make any definitive claims about a stock’s potential worth. However, I can say that historically, it can be said that the rich will take advantage of established structures to maintain their power and status. Whether it was government overreach, brokers slowing down buyers/sellers, or whatever, the stock was never going to jump so high that the billionaires would be forced to distribute their funds to a large group of average citizens.
Posted on 2/2/21 at 10:04 am to StringedInstruments
quote:
the stock was never going to jump so high that the billionaires would be forced to distribute their funds to a large group of average citizens.
It’s happened before multiple times. Zero fee brokerages aka RH is what tilted the balance and what everyone left out of the equation. If it weren’t for that, the short squeeze play was almost a sure bet
Posted on 2/2/21 at 10:06 am to oklahogjr
The adoption has been slow
Posted on 2/2/21 at 10:07 am to 13SaintTiger
quote:
It’s happened before multiple times.
It’s happened that retail investors squeezed hedge funds at this level? Or hedge funds squeezed hedge funds at this level?
Posted on 2/2/21 at 10:08 am to StringedInstruments
quote:
I’m not. I’m not well versed enough in finances by any means to make any definitive claims about a stock’s potential worth. However, I can say that historically, it can be said that the rich will take advantage of established structures to maintain their power and status. Whether it was government overreach, brokers slowing down buyers/sellers, or whatever, the stock was never going to jump so high that the billionaires would be forced to distribute their funds to a large group of average citizens.
So if you believe this to be true, and I agree to some point, you dediced to take big losses on this to remind yourself of that?
Posted on 2/2/21 at 10:11 am to castorinho
Some of these people are fricking nuts
Posted on 2/2/21 at 10:11 am to Chucktown_Badger
quote:
you dediced to take big losses on this to remind yourself of that?
I didn’t decide that at all. Not sure where you got that.
Posted on 2/2/21 at 10:13 am to StringedInstruments
quote:
It’s happened that retail investors squeezed hedge funds at this level? Or hedge funds squeezed hedge funds at this level?
You can play nuances but VW and Overstock wasnt hedge fund vs hedge fund. Herbalife is probably the only one that sticks out
Posted on 2/2/21 at 10:13 am to StringedInstruments
quote:
I didn’t decide that at all. Not sure where you got that.
So how much did you make on it?
Posted on 2/2/21 at 10:13 am to castorinho
I don't really believe the ones that are saying that shite
Posted on 2/2/21 at 10:15 am to teke184
quote:
I don’t have any money involved. I’m just finding it interesting that it broke so badly overnight.
this is normal for penny stocks and anyone with any sense saw it coming.
Posted on 2/2/21 at 10:17 am to Chucktown_Badger
quote:
So how much did you make on it?
I lost $20. You’re assuming I got in with 1 share expecting it to go to $1000/share.
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