prinCZess
Warrior, Writer, Performer, Perv
Per my basic-bitch understanding of the situation:
1) Hedge fund goes balls-to-the-wall on shorting Gamestop stock because streaming and whatnot, resulting in bizarre situation where they're actually 'betting' more stock will decline in value than Gamestop stocks actually exist*.
2) Rando reddit-investors notice the hairy ballsacks hedge fund has slapped against the wall committing to this abnormal (I hope abnormal, at least) position.
3) Broad 'meme' purchase and hold of Gamestop stocks by aforementioned rando reddit-investors sends price skyrocketing and hedge funds position gets castrated.
*fuzzy on how this bit works...or why it's legal/done since it seems good candidate for getting your clients money lost?
It's a bizarre situation, and one disconnected from the actual market value of Gamestop as I can tell. Gamestop's stock in this case is simply serving as a vehicle for bad calls to be...called-out. Which seems great. Hedge fund putting themselves in such a shitty position seems ridiculous, fiduciarilly irresponsible, and questionable even from my completely unknowledgeable position.
It's also immensely hilarious. Both in principle since these are the 'experts' of investment, and in ra-ra populist silliness and/or spite produced from both sides of the political aisle sticking it to 'the man'.
1) Hedge fund goes balls-to-the-wall on shorting Gamestop stock because streaming and whatnot, resulting in bizarre situation where they're actually 'betting' more stock will decline in value than Gamestop stocks actually exist*.
2) Rando reddit-investors notice the hairy ballsacks hedge fund has slapped against the wall committing to this abnormal (I hope abnormal, at least) position.
3) Broad 'meme' purchase and hold of Gamestop stocks by aforementioned rando reddit-investors sends price skyrocketing and hedge funds position gets castrated.
*fuzzy on how this bit works...or why it's legal/done since it seems good candidate for getting your clients money lost?
It's a bizarre situation, and one disconnected from the actual market value of Gamestop as I can tell. Gamestop's stock in this case is simply serving as a vehicle for bad calls to be...called-out. Which seems great. Hedge fund putting themselves in such a shitty position seems ridiculous, fiduciarilly irresponsible, and questionable even from my completely unknowledgeable position.
It's also immensely hilarious. Both in principle since these are the 'experts' of investment, and in ra-ra populist silliness and/or spite produced from both sides of the political aisle sticking it to 'the man'.