Board 8 > Investor will NEVER SHORT SELL again after losing 19 BILLION on GAMESTOP!!!!

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Full Throttle
01/31/21 10:32:58 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
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The Utility Man
01/31/21 10:41:14 PM
#2:


Full Throttle posted...
Big Time Hedge Funds have lost a massive 19 BILLION

Well boo hoo.

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LordoftheMorons
01/31/21 10:42:55 PM
#3:


"mom and pop redditors" sure is a phrase

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ChichiriMuyo
02/01/21 5:44:13 AM
#4:


GME is a junk stock, and once the short squeeze is over I expect the value will tank once again. It sure is fun watching these wall street vampires getting their teeth kicked in, though.

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LordoftheMorons
02/01/21 5:50:56 AM
#5:


ChichiriMuyo posted...
GME is a junk stock, and once the short squeeze is over I expect the value will tank once again. It sure is fun watching these wall street vampires getting their teeth kicked in, though.
The specific hedge funds that had massively shorted GameStop will lose a lot of money. The rest of them will cash in at the expensive of the former and suckers that got in on the hype train too late/hold on too long.

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