can you explain more? These people are used to losing and don’t care about losing more because of some principles?
Cool story and all but looks like it’s wasn’t retail investors sustaining the new craze. The manipulation of market by a few big players maybe the much bigger issue here. Glad someone is asking the right questions.
Like I said I haven't followed this story close enough to really comment on what Game Stop's long term viability is but one thing I am certain is that Game Stop's share price isn't going to be around $300 and is likely going to experience a very quick drop. For any retail investor who jumped in recently it's likely going to be a rude awakening.
is there a “mob” media thread there is lie there is “mob” like jumping on a cool story before solid data there is not understanding enough to judge if it’s right we still don’t know what happen but the initial push for short cover due to retail investors seem to be accurate ... so still cool and somewhat accurate
There is a narrative WSB, armed with Melvin and Citadel gains, will continue to exploit the system. Nashs Equeliberian. In other words, the system works as long as all the actors put their best interest first. The flaw in Nashs Equeliberian is when the referees like the SEC and Sec. Of Treasury are bought, the ones who are suppose to ensure there is fairness across the board. The interest of the people are being ignored. There are two narratives being pushed. A bunch of redditors who have become greedy and exploiting its followers, to pump and dump and bankrupt a hedge fund. This is the institution narrative. Then there is the narrative these guys never had anything and understand they never will, even if they make hundreds of thousands or millions. The .gov is going to take 35% off the top. They have no way to shelter the money like billionaires. If they hold on to cash, the .gov will steal it through inflation. And if they put it in the market, another greedy fund will find some loophole to steal it. They have no problem bringing it ALL to zero. In short time, we will find out which narrative plays out.
Yea.... yall are just making one tiny part of Wall St lose money while making the rest gain money. I've been on WSB since march 2020 and it's just autists with delusions of grandeur.
We saw it during 2008...... Too many of you autists never asked "why are trades free"...... do you think Facebook is free due to altruism?
I get that you are just making Wall Street richer. Your mistake is that you think Wall St is some homogeneous group.
everyone contributing to their retirement is making Wall Street richer, you're still missing the point
wth... never took you to side with the elites. robinhood has been preparing for an ipo and they bailed on the retail investor, the little guy. they preach access open market and yet closed it to hurt only one side. there is only one "right" side here best get on it!
