Won’t know till nasdaq releases short numbers on the 9th. |
Marc Cuban today (who is not a GME investor) said, if it were him, he would hold or buy more (if you can do so responsibly). |
Why though? |
Lol. Which part? |
My college student bought a bunch of shares at $320 with his savings and told me it was “going to the moon”
I am livid |
How many is a bunch? |
15. Not a disaster, but stupid. |
Yes, the point is the hedge funds are stupid, the buyers are even stupider. That's why we hold. |
Great lesson for him. Read on a Reddit thread about a 20 y.o kid that made $130K on GME. He now wants to switch to Finance and thinks he's a genius! |
Today’s Wall Street journal’s headline is about how hedge funds capitalized on the GME turmoil for “huge gains.” Utterly predictable. Lots of individuals got burned when the stock went into free fall. |
I thought the SEC put a freeze on shorting GME this week, in anticipation of the free fall.
What's disturbing is the media is reporting Yellen is looking to investigate the Reddit kids who gleefully shared information with each other - but she's evidently not going to go after wall street despite their obvious manipulation of the investing platforms and the market itself for their own gains. |
POWW |
Sources? None of this seems like the responsibility of the Federal Reserve. Should be SEC, not Treasury. |
+1. If it was his own money, be grateful that he is learning this lesson so young and so thoroughly. |
Whrrrs that clown who kept telling everyone to hold the line because of the gamma squeeze |