Arch Dornan
Oh, lovely. They've sent me a mo-ron.
A theory.
If it really works you're worth more than billionaires holding only paper currency.
Business & Finance The GameStop Short Stock Sensation
- Thread starter Abhishekm
- Start date
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- Tags
- not financial advice
A theory.
ParadiseLost
Well-known member
He's essentially suggesting that there were so many trades going on the hedge funds managed to make more than 100% of GameStops shares exist.
Kinda like fractional reserve banking.
I'm a little skeptical though, because GameStop pays dividends, meaning it would become pretty apparent as soon as someone was supposed to pay taxes on the relevant dividend income.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
The stock market is done digitally. That's bound to allow scumfuckery.
I don't own a lot. I just play around with a few hundred or so like I'm gambling or playing around in a high stakes video game.
I'm looking at AG and SLV now. I heard some shit about silver last week so I bought up some.
LindyAF
Well-known member
I'm pretty skeptical of any coordinated effort to put GameStop out of business because it doesn't seem really necessary or like it'd be an important objective for Wall Street anyway.
Brick-And-Mortar gaming stores in general have been on the decline for a while, the malls they're in have been in decline for a while, and I doubt a year of corona lockdowns and BLM riots helped. I'd believe that the hedge funds that shorted the stock would exert influence to try to make the stock fall even lower, so they can make more profit, and I they'd profit more if they did actually destroy GameStop, so I can see them wanting to do so, but it's not like they had to coordinate on it. Maybe they engaged in criminal behavior to try to make more of a profit.
And to the extent that they're now engaging in fuckery to try to mitigate a short squeeze- again, I doubt that has anything to do with GameStop and more to do with the fact that they seriously overbet on what they thought was a sure thing, people noticed it and found a way to potentially really make them pay.
I think shorting is immoral and should probably be illegal, and the extent to which GameStop is shorted might indicate that they behaved illegally, but I think people are exaggerating the extent to which GameStop was originally significant. It was just the one our enemies overplayed their hand on that people noticed.
Brick-And-Mortar gaming stores in general have been on the decline for a while, the malls they're in have been in decline for a while, and I doubt a year of corona lockdowns and BLM riots helped. I'd believe that the hedge funds that shorted the stock would exert influence to try to make the stock fall even lower, so they can make more profit, and I they'd profit more if they did actually destroy GameStop, so I can see them wanting to do so, but it's not like they had to coordinate on it. Maybe they engaged in criminal behavior to try to make more of a profit.
And to the extent that they're now engaging in fuckery to try to mitigate a short squeeze- again, I doubt that has anything to do with GameStop and more to do with the fact that they seriously overbet on what they thought was a sure thing, people noticed it and found a way to potentially really make them pay.
I think shorting is immoral and should probably be illegal, and the extent to which GameStop is shorted might indicate that they behaved illegally, but I think people are exaggerating the extent to which GameStop was originally significant. It was just the one our enemies overplayed their hand on that people noticed.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
Demand is overwhelming supply internationally.
*shrugs* They're not doing it out of any sort of charity, they think it's an investment that will pay off in the long run.
Terthna
Professional Lurker
Meanwhile I have actual silver; bought it just before the 2008 recession during my "Alex Jones fan" days. Some mercury dimes, some silver dollars; should be interesting.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
Fast.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
The journo Mexican jumped on it and is getting something out of it.
Arch Dornan
Oh, lovely. They've sent me a mo-ron.
The price is dropping as expected.
ShadowLord
Well-known member
Clever girl....
Google rescues Robinhood from a flood of negative Play Store reviews
Google has deleted a mass of negative reviews from Robinhood's Google Play Store listing after the app's rating collapsed to one-star.
www.androidauthority.com
Robinhood got review flooded to one star on the Google Play server but Google rescued them by deleting those negative reviews and restoring their four star rating again.
Terthna
Professional Lurker
Apparently the guy quoted in the video was caught repeating himself elsewhere on other accounts; and when he was called out, he started deleting them. Odds are high it was just a FUD attempt.