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- Thread starter rocketman
- Start date
I'm not interested in making this political. I don't care if you think something like medicare for all is a good idea or not. But when the question pops up hOw WiLl We PaY fOr It?......maybe start with the almost $200 billion dollar bailouts rich people get when they fuck up. This whole ordeal is sickening.
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ORD_Buckeye
Wrong glass, Sir.
Hedge funds literally are based on gaming markets with inside information and inside dealing to eventually leave a company like soiled, chopped up hooker in a field when the dust settles. The term vulture capitalism was first coined as a descriptor of their business model. Sorry that I'm not sorry to see this so viciously turned back on them by a bunch of rando, day traders on reddit.
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Nigel Tufnel
Choking on vomit
My guess is that the vultures end up not taking much of a bath and that the reddit crowd ultimate does. Even without intervention. (Note: I don't care if I'm wrong, I have no love for the Wall St crowd but my guess is that when the dust settles, GameStop as a business is dead and the vultures are probably right).
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BuckBackHome
Wolverine is largest member of weasel family
I haven't followed this much today. Does anyone know if the hedge funds are even sitting on more shorts? I figure at least all their original ones are closed out at this point.
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BuckBackHome
Wolverine is largest member of weasel family
https://americancompass.org/the-commons/gamestop-intentionally-dying/
Good article here by Chris Arnade. His background is he spent years working on Wall Street. He brings some great insight and has the understanding and background to back it up.
Good article here by Chris Arnade. His background is he spent years working on Wall Street. He brings some great insight and has the understanding and background to back it up.
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sparcboxbuck
What happened to my ¤cash?
Frankly, I have to imagine that there’s some big money doubling down. Big money buys time. Time with the fundamentals of GameStop will end up with water seeking its own level and the big money will end up winning big in the end, especially if the big money doubles down.
This is an interesting study, and frankly, I’m a bit surprised that institutional short money is complaining. They have the cash in reserves to back these shorts for a long time. If they were really sinister they would be dollar cost averaging short positions while fanning the retail market flames to drive the price higher before it implodes naturally.
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BuckBackHome
Wolverine is largest member of weasel family
When my kids ask me why I won't let them put their money into hedge fund-like investments.
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Looks like I missed out on Novavax. I had been buying low selling high as it yoyo'd but the low kept getting higher so I didn't get back into it. Now they announced their vaccine is 90% effective and it is going to skyrocket today. 
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ORD_Buckeye
Wrong glass, Sir.
The vultures are right. My understanding of this is that when reddit started pumping up Gamestock, the vultures all swooped in and took massive shorts on the stock. All the reddit heroes have to do is keep the stock inflated until those short positions expire, and then it doesn't matter if GameStop goes tits up the following day. However, what we're going to see (seeing already?) is that the government is going to intervene to protect the hedge funds. I'm not an expert on this though, so anyone wanting to bring new shit to light is welcome.
Interestingly, I watched a live youtube with the owner of Ashland Leather last night, and he said he bought 2 shares at around 260, not because it's a wise investment or that he's going to make a mint off his two shares. He bought it solely to do his small part to keep the stock inflated until the hedge fund boys face their Duke bothers moment. I was going to avoid the whole thing, but that did get me thinking, and I think I can find enough under the couch cushion to buy a share or two.
My investment strategy since the COVID has been to dump stocks (didn't feel so so good for awhile) and flip into more precious metals (didn't feel so good when Rhodium kept going down for another week after I doubled my amount. Overall, I'm pretty happy. Not kickin' it in the Caribbean telling myself Marcellus Wallace was right happy, but overall pretty happy.
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ORD_Buckeye
Wrong glass, Sir.
When my kids ask me why I won't let them put their money into hedge fund-like investments.
Yeah, unless you're a big money backer or actually work for the fund and get all those sweet, sweet "management" fees from whatever company they are dismantling for parts and being taxed for capital gains on it, you don't want to be anywhere near these people.
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