Poll of the Day > Investor will NEVER SHORT SELL again after losing 19 BILLION on GAMESTOP!!!

Topic List
Page List: 1
Full Throttle
01/31/21 10:32:30 PM
#1:


Do you think Gamestop is ultimately a junk stock to invest in in the long term?


Big Time Hedge Funds have lost a massive 19 BILLION in losses on their bets against Gamestop which has since surged over 1000% thanks to mom and pop redditors who bought the stock to squeeze the short sellers out of the market..and one short seller said they will NEVER short sell again!!

Gamestop shares ended the day nearly 70% as Robinhood eased restrictions on buying opportunities even as the broader market tanked

The target of the campaign started on reddit to "squeeze" hedge funds betting against the stock as Gamestop shares rallied roughly 1800% since the beginning of the month as the "meme stock" insurgency picked up steam

So far, the gains and losses on each side is mostly on paper with each side hoping to outlast the other before cashing out.

Though their specific losses are undisclosed, Melvin Capitol, Citron and Maplelane LLC are known to be among those that took out massive positions betting Gamestop share price would fall

Citron founder, Andrew Left, once called the BOUNTY HUNTER of wall street and who bet against the gaming company said he would no longer publish "short reports" and focus on opportunities for "long" investments, a term betting the stock will rise

The notorious short seller activist claimed he pulled the plug on his bets against the company after suffering 100% of his stock

The reddit insurgency was started by Youtuber "Roaring Kitty", a 34 y/o financial adviser named Keith Patrick Gill who broke cover at his suburban Massachusetts home and is cashing out on his winnings with nearly 30 MILLION in investment and is now buying a home

The forum WallStreetBets where people trade stock tips and opinoins with Gill and others promoted the campaign to buy and hold shares of Gamestop to punish hedge funds that beg against the strugglign video game retailer

Robin's trading restrictions triggered political backlash from both democrats and republicans as the SEC said they are closely monitoring and evaluating the extreme price volatility of certain stocks

Senator Elizabeth Warren blasted both the reddit army and the hedge funds accusing them of reckless behaviour and demanding swift action

The hedge fund short sellers have already admitted defeat but the army of small investors are still vowing to keep up the momentum despite Gamestop's problems as the gaming company is battling against discless consoles from Sony and Microsoft which would severely devalue the company's value as they rely mostly on game sales. If both of the biggest companies and Nintendo for that matter move to online only consoles, that could bankrupt the retailer as disc sale games will no longer be viable to sell..

Microsoft's new Gamepass, which allows for a variety of games to be played at a monthly or yearly subscription, much like Netflix, if that proves to be a popular option for gamers, that would also be another nail in the coffin for the retailer as Netflix essentially took out video rental stores.

Some redditors who invested into Gamestop despite its struggling financial status say even if they lose all their money, they said the loss was worth it to squeeze the sellers out

Do you think Gamestop is ultimately a junk stock to invest in long term?

https://i.imgur.com/vvCN0R2.jpg

Losers -

https://i.imgur.com/4WERIXJ.jpg

https://i.imgur.com/NIXzvhF.jpg

https://i.imgur.com/2NT2Ezz.jpg

https://i.imgur.com/rKo3sxM.jpg

Winner -

https://i.imgur.com/giu4gHB.jpg

Robinhood creators -

https://i.imgur.com/Ji2DQFn.jpg

https://i.imgur.com/DnMtVA9.jpg

https://i.imgur.com/XD9kKHL.jpg
---
The News Will Continue...For Now
call me mrduckbear, sweater monkeys. I'm an Asian Liberal. RESIST The Alt-Right
... Copied to Clipboard!
agesboy
01/31/21 10:54:06 PM
#2:


good

---
https://imgur.com/LabbRyN
raytan and Kana are on opposite ends of the Awesome Spectrum.
... Copied to Clipboard!
Zeus
01/31/21 11:08:41 PM
#3:


Full Throttle posted...
So far, the gains and losses on each side is mostly on paper with each side hoping to outlast the other before cashing out.

Yeah, the losses might not exist at all by the end.

Full Throttle posted...
Gamestop shares ended the day nearly 70% as Robinhood eased restrictions on buying opportunities even as the broader market tanked

If our government had any honest people left in it, they would open a criminal investigation against Robinhood for its suspension of trading because it reeks of collusion with hedge funds.

Full Throttle posted...
Senator Elizabeth Warren blasted both the reddit army and the hedge funds accusing them of reckless behaviour and demanding swift action

Leave it to crooked Elizabeth Warren to attack the American people. She talks big at times, but this just proves she's on the take. The only "reckless behavior" was allowing hedge funds to short companies the way they have and not taking media outlets to task for their complicity in helping hedge funds manipulate stock values.


---
(\/)(\/)|-|
There are precious few at ease / With moral ambiguities / So we act as though they don't exist.
... Copied to Clipboard!
agesboy
01/31/21 11:39:06 PM
#4:


yeah warren is pathetic and performative right now

---
https://imgur.com/LabbRyN
raytan and Kana are on opposite ends of the Awesome Spectrum.
... Copied to Clipboard!
Raddest_Chad
01/31/21 11:43:42 PM
#5:


Wall St. has a bigger negative impact on average people's daily lives than violent terrorists do. That's how broken the system is.
... Copied to Clipboard!
streamofthesky
02/01/21 12:03:30 AM
#6:


I've never traded a stock in my life and even I know you're supposed to diversify.
If these firms were so deep into shorting Gamestop specifically that reddit was able to nearly bankrupt them... the problem isn't reddit.
Shorting is a huge gamble, if the stock goes up instead of down, it can lead to (theoretical) infinitely steep losses. To throw so much into that gamble...these people have no business running investment firms.

As for Warren...I'm hoping this is a swindle / "be careful what you ask for" deal where she uses Wall St's begging for regulations to introduce a giant smorgasboard of regulations she's wanted to enact all along. Seems odd for her to do a complete 180 like that, otherwise. If there is no surprise/catch, then yeah, I'll denounce her as a fraud.
... Copied to Clipboard!
Revelation34
02/01/21 2:10:44 PM
#7:


Raddest_Chad posted...
Wall St. has a bigger negative impact on average people's daily lives than violent terrorists do. That's how broken the system is.


If you don't invest in it then that's really not true.
---
Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms
... Copied to Clipboard!
DragonClaw01
02/01/21 3:42:31 PM
#8:


Raddest_Chad posted...
Wall St. has a bigger negative impact on average people's daily lives than violent terrorists do. That's how broken the system is.
Well I mostly blame low interest rates. Because interest rates are so low things like bonds and savings accounts are effectively worthless, so it almost feels like you have no choice to invest in the market if you want any return and hence why you see all these gimicky plays like having over one hundred percent shorts on gamestop. Too much money no where to put it. Although given US debt levels, probably best to have low interest rates, thankfully inflation isn't a issue.

---
<('.'<) <(^.^)> (>'.')>
Splendiferous
... Copied to Clipboard!
JOExHIGASHI
02/01/21 4:24:36 PM
#9:


DragonClaw01 posted...
Well I mostly blame low interest rates. Because interest rates are so low things like bonds and savings accounts are effectively worthless, so it almost feels like you have no choice to invest in the market if you want any return and hence why you see all these gimicky plays like having over one hundred percent shorts on gamestop. Too much money no where to put it. Although given US debt levels, probably best to have low interest rates, thankfully inflation isn't a issue.
There are other things to buy or even short than to be over 100% short gme. If it wasn't redditors doing this it would be some other investment firm.

---
Next Xbox will be named Xbox1 2
... Copied to Clipboard!
Lokarin
02/01/21 5:46:16 PM
#10:


... Copied to Clipboard!
Topic List
Page List: 1