We should probably pay attention to this and start exploiting it instead of fighting each other. Start saving cash or blowing it on gamestop stocks
We should probably pay attention to this and start exploiting it instead of fighting each other. Start saving cash or blowing it on gamestop stocks
I donno, the Gamestop thing has me slightly nervous after reading up on it and learning 80% of the shares were shorts and that the big short ghouls are investing in the scheme now too. Like if this is a one off-case it's one thing-gamestop being dead has basically been a meme for a seven years-but if it's not, we could be in for some serious shit.
Maybe I'm just not grasping the severity of this, but what real consequence could this hold? A bunch of redditors screwed over some Wall street ghouls over stock in a failing company. Gamestop isn't worth... THAT much to really have a massive overall effect on the economy, right? There's no way this could lead to anything beyond poor quarterly projections for these investment firms. Right?
Depends on how strong their short position is and how high GME shares are memed, but I seriously doubt these firms will suffer too badly. They'll have highly diversified investments and will be well prepared for recovery from bad trades. House always wins, especially when the house in question is one of the money printers for the bourgeoisie.
Edit: don't get me wrong though I'd love to watch these cunts go under at the hands of some wsb memes
It depends on who is getting squeezed. The big issue with the 2008 crash was that Blue Chip, supposedly secure companies like Lehman Brothers were getting involved with risky business.