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Reply to "Can someone dumb it down for me? The GameStop/Robinhood thing?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The big money guys screwed up and got caught with their pants down by a middle class dad from Boston. He then told a message board what he discovered. Hedge funds gambled that the stock price of a mall retailer would drop. They were so confident in that bet that they borrowed millions and exposed themselves to unlimited downside. The internet nerds figured this out and took advantage.[/quote] Yeah but all the people buying at the top the past few days? Regular investors. [b]Now that the price is crashing, they’re losing money.[/b] So it’s not so clear cut as David vs. Goliath with David winning.[/quote] But is that the point? Are they losing money or gaining revenge? Are they losing their shirts by being taken advantage of? Or are they taking advantage of the HFs? Maybe we don't want revenge trading (or pure speculation/gambling) in our stock market, but that's a different question. [/quote]
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