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Political Discussion
Reply to "Robin Hood just ended trading on GameStop and AMC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Does one assume that the hedge fund investors are diversified? That the he companies themselves could go under but that investors will still have plenty of money (albeit some amount less)?[/quote] Yes, they should be, but many of them are not so smart and they put too many eggs in one basket. A lot of Bernie Madoff's investors lost everything because they did that.[/quote] I would not worry about the hedge funds. I would worry about the guy on WSB who bought $400K worth of GME at $286 and wrote "this is game changing money for me". Because when this stock drops back down to the true value of the company, he'll be wrecked because a bunch of redditors made him think this is a good idea. Diamond Hands!!! [/quote] I wouldn't worry about that redditor either. When you gamble, you take your chances. [/quote]
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