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Topic	Gamestop Investors are DEVASTATED as Stock PLUNGES after MSFT Buys ACTIVISION!!!
streamofthesky 01/31/22 2:39:50 PM #14:	argonautweakend posted... I had some AMC I bought at like 7 bucks. I sold it early on when it rose and made $350...the max I could have made was 8,000. I wish I'd have saved, but even more than keeping it to make more than the paltry $350 I did make, I hope I'd have had the sense to sell when it was around (iirc) 50 bucks. If you aren't in this for personal wealth, I feel like you're an idiot. I don't care about billionaire hedgefund guys who have never thought about me before...what does it make somebody when their fortunes come and go(sometimes more than once) but they hold because some rich asshole may be hurt a little by it? Early on when it royally fucked over the large investment firms that had massively shorted the stocks and ate gigantic losses for it, the whole thing was hilarious. Once that happened and they saw what was going on and adjusted accordingly, holding after that just became silly and pointless. It was very satisfying to see those leeches hiss and burn, though. Shorting explained briefly: they effectively "buy" stock (more like take a loan on it) expecting it to go down later such that they sell it by a pre-arranged deadline and if it hasn't gone down or in fact has gone up, they lose bigly <cite>streamofthesky posted [p:962244569] in Gamestop I... [t:79869882]...</cite> <quote>argonautweakend posted... </cite> <quote>I had some AMC I bought at like 7 bucks. I sold it early on when it rose and made $350...the max I could have made was 8,000. I wish I'd have saved, but even more than keeping it to make more than the paltry $350 I did make, I hope I'd have had the sense to sell when it was around (iirc) 50 bucks. If you aren't in this for personal wealth, I feel like you're an idiot. I don't care about billionaire hedgefund guys who have never thought about me before...what does it make somebody when their fortunes come and go(sometimes more than once) but they hold because some rich asshole may be hurt a little by it?</quote>Early on when it royally fucked over the large investment firms that had massively shorted the stocks and ate gigantic losses for it, the whole thing was hilarious. Once that happened and they saw what was going on and adjusted accordingly, holding after that just became silly and pointless. It was very satisfying to see those leeches hiss and burn, though. Shorting explained briefly: they effectively "buy" stock (more like take a loan on it) expecting it to go down later such that they sell it by a pre-arranged deadline and if it hasn't gone down or in fact has gone up, they lose bigly </quote> ... Copied to Clipboard!
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