GameStop short squeeze

Discussion in 'The Backstage' started by StingRay85, Jan 28, 2021.

  1. StingRay85

    StingRay85 Well-Known Member

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    Funny sh*t right there. Wall Street is shaking, f*ck those hedge funds capitalizing on losses. For once they are getting beaten by their own game, and then of course it should be illegal.
     
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  2. fitz288

    fitz288 Well-Glowin' Ember Silver Supporting Member

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    If you're playing that game, be the last one out, not the last one in, before the reset button gets pushed.
    Social media spurred runs of commission free $5 trades is based on nothing but the whim of the next buy click.
     
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  3. StingRay85

    StingRay85 Well-Known Member

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    I don't have stocks, but I think it's the funniest thing of 2021 so far. Just like with bitcoin it's just a big bubble, as long as you're aware of that, it's like gambling in a casino. But the funny thing is that these shorting hedge funds are exposed now, and an entire online community is making them bleed for billions.
     
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  4. carnada

    carnada Well-Known Member

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    The brokers already banned the transactions for the meme stocks. SUPER Illegal and basically exposes them for rigging the game. So much for the freedom of capitalism...
     
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  5. anitoli

    anitoli Well-Known Member Gold Supporting Member

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    Yup, it's ok for them to stack the deck and drain your pension, 401k, ect but when done to them WAHWAH. Assholes didn't even get close to what they truly deserve.
     
  6. FutureProf88

    FutureProf88 Well-Known Member

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    Fixed it. I mean this basically shows that America is more of a corporatist oligarchy rather than a free market capitalist economy.
     
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  7. Dogs of Doom

    Dogs of Doom Moderator Staff Member

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    what they're exposing is corporate cronyism. Some might call it corporatism, but it's also crony capitalism, showing that the system is not true free capitalism.

    There's deals made between politicians, regulators & corporate heads, that indeed manipulate the market & choose winners & losers.

    Yes, there is an artificially hyper-inflated bubble right now. How can you have 1 year of economic lockdowns, unemployment, homelessness & poverty, & yet the market is soaring?

    The thing here is, these people, that bandied together to help GameStop are not doing anything different than the big investors, but, now that someone is using their own game against them, they cry to the regulators & governing officials to save them.

    It hurt their brand...

    But, they have no problem hurting anyone else' brands to their gains.
     
    Last edited: Jan 28, 2021
  8. Old Punker

    Old Punker Well-Known Member

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    I'm just an average Joe as are most of my neighbors. A little way up the road is the land of McMansions, Porsches, Bentleys, private jets, and designer pets. Every once in a while one of those rich bastards is exposed for the crook he really is. It's nice to see them hurt a little every once in a while.

    Yes, the deck is definitely stacked against Joe average and family, always has been. :pissed:
     
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