The FTSE

GameStop is essentially a zero the hedge funds were short for a reason. This is out and out gambling mayas we’ll throw it all on black(would never suggest red)
 
CBD said:
GameStop is essentially a zero the hedge funds were short for a reason. This is out and out gambling mayas we’ll throw it all on black(would never suggest red)
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This isn't true. Gamestop was a struggling retailer trending downwards but there was absolutely no reason for it's shares to be driven from $15 to $0.20 in 7 or 8 months.

That happened because of a short selling bandwagon, and because when they'd already shorted it to 90% of it's value, they kept shorting instead of pocketing the profit.

There was good reason for the initial turnaround too, with new investment and board changes with a connection to online sales.


The out of control gambling was the mass shorting. All these reddit investors can only lose the few hundred or few thousand pounds they put in. Citron and Melvin are going to lose everything they have closing out their positions unless the keep getting manipulation help from the brokers.
 
domalino said:
This isn't true. Gamestop was a struggling retailer trending downwards but there was absolutely no reason for it's shares to be driven from $15 to $0.20 in 7 or 8 months.

That happened because of a short selling bandwagon, and because when they'd already shorted it to 90% of it's value, they kept shorting instead of pocketing the profit.

There was good reason for the initial turnaround too, with new investment and board changes with a connection to online sales.


The out of control gambling was the mass shorting. All these reddit investors can only lose the few hundred or few thousand pounds they put in. Citron and Melvin are going to lose everything they have closing out their positions unless the keep getting manipulation help from the brokers.
Click to expand...
Turnaround it has stores which sell video game software and hardware! Who buys this stuff in shops anymore?
 
CBD said:
Turnaround it has stores which sell video game software and hardware! Who buys this stuff in shops anymore?
Click to expand...

If you're not going to bother reading what I said, I don't know why you'd reply.
 
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