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re: Short-sellers lost $14.3 billion today alone on GameStop stock, according to S3 Partners
Posted on 1/27/21 at 7:54 pm to ZZTIGERS
Posted on 1/27/21 at 7:54 pm to ZZTIGERS
quote:
You know how big government leftists always hated the ultra rich? Well now that they’ve successfully infiltrated and are now ultra rich they no longer support the “little guy”.
Yep. Chelsea Clinton's first job out of college was working for a hedge fund. Modern day money changers.
0
Posted on 1/27/21 at 7:56 pm to Seeker
Hedge funds hedged a bunch of short sale stocks for game stock with the mandate to buy back the stocks at a certain date. Reddit users knew of these hedge funds. They stormed the market and drove the stock price up by $300 a share. The hedge funds have the buy the stock back from these people at enormous amounts. They are now losing billions of dollars and the owners of said stocks are making 10s of thousands to millions of dollars off small investments.
This post was edited on 1/27/21 at 7:59 pm
Posted on 1/27/21 at 8:00 pm to Seeker
quote:
I know I will get shite for this, but I have no idea what is going on with GameStop.
Would someone summarize please.
You can sell a stock you don't own - you just have to buy the stock by a certain date to complete the transaction.
Fat cats do that if they expect the price to drop. They sell it now for $100 (or whatever) and buy it later at $75, so they pocket the difference. It's known as shorting.
Reddit autists decided to screw the short sellers by buying those stocks, which artifically inflated the price. Now the short sellers have to buy the stocks at the higher price.
The elites are mad. Basically because you're not allowed to punch up.
Posted on 1/27/21 at 8:05 pm to lsufan1971
quote:
It’s almost like real world Trading Places.
Very good analogy.
They sold the futures because they knew what was in the real crop report. They started buying when the price dropped to fulfill the earlier sell contracts.
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