Yesterday i knew absolutely nothing about any of this shit, now I'm aimlessly looking for stuff on youtube to explain as much as possible, not necesarily in order to take part in it, although I'm definitively considering

  • PhaseFour [he/him]
    ·
    4 years ago

    I'm glad the explanation helped.

    The GameStop situation is nuts. There are 1.4x more short options on GameStop than there are stocks. Conventional wisdom means these short sellers have to buy up every stock on the market, and then some. I literally have no idea how that happened, or how that will be resolved.

    But that means there will be a huge demand for GameStop stocks when those contracts expire, and that's why we are driving up the price.

    But the bourgeoisie are playing rough. I have no idea what they are capable of doing. So, if you choose to invest, only invest what you are willing to lose. This is a gamble.