On 1/28/21 9:31 AM, David Coudron wrote:
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 Says business is outdated.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.
Gamers have pretty much nothing to do with it IMO. Gamers don't care about Gamestop. It's /r/wallstreetbets on Reddit. This is a "fuck the rich" buy and hold using their own rules of the game against them.
-- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
