Re: [AFMUG] Ot: gamestop

Thu, 28 Jan 2021 09:43:58 -0800

Socialism for the rich.

bp
<part15sbs{at}gmail{dot}com>
On 1/28/2021 9:31 AM, David Coudron wrote:

My wife has been following this, so I am relating second hand information.   This is the way I understand it.

 

A hedge fund guy has been bashing game stop for some time.  Says business is outdated.   Terrible stock, etc.   Turns out the his fund owned a bunch of it and had been betting on it going down and short sold it.   Gamers got pissed about bashing game stop and organized a buy of a bunch of stock.   Stock price went way up, and now the hedge fund who had short sold it, had to buy back at high prices.   Lost $10 Billion last time she looked.   They stepped in to keep the hedge fund from collapsing.

 

That is what I understand anyway.

 

Regards,

 

David Coudron

From: AF <[email protected]> On Behalf Of Steve Jones
Sent: Thursday, January 28, 2021 11:26 AM
To: AnimalFarm Microwave Users Group <[email protected]>
Subject: [AFMUG] Ot: gamestop

 

Can someone break this down for me to a window licker level of dumb?

 

If i understand it, hedgefund operators banked on the price going down, so shit posters rallied together to drive it up, and on friday the hedgefund operators are forced to purchase at the inflated price? Is this the gist?

Now government is trying to step in to protect the hedgefunds from the shitposters?

 





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