Thomas Friedman (NYT) wrote something to that effect today.
https://enewspaper.mercurynews.com/?selDate=20210128&goTo=A07&artid=0
bp
<part15sbs{at}gmail{dot}com>
On 1/28/2021 12:48 PM, Brian Webster wrote:
If you take this to the most basic level, it’s like a game of chicken. Who is
going to flinch first, but this time some people are getting both bitch slapped
and in some cases a full right cross.
If any legislation comes out of this hopefully it's yet another wake up call to the
common folk, that the rules do not apply to the "ruling" political class of
Americans. If the rules bother us we will change them to make sure we are still in the
elite class...... And I hope someone eventually has some sort of memory around elections
and remember who actually did anything for the common person they all so cheerily like to
refer to themselves as and who they are fighting for. Maybe pass a law for politicians,
you go in to office all of your finances, stocks and holdings get placed in a freeze
status until you are out of office. No gains allowed for assets of you or your family
members. That should quell the career politician path, but alas that will never happen
because those ruling elite control the law making process...... Just like the exempt
themselves from insider trading laws but crafting language in said laws that allows them
not to be considered those with inside information.
Thank you,
Brian Webster
-----Original Message-----
From: AF [mailto:[email protected]] On Behalf Of Matt Hoppes
Sent: Thursday, January 28, 2021 2:18 PM
To: AnimalFarm Microwave Users Group; Robert Andrews
Subject: Re: [AFMUG] Ot: gamestop
I shorted yesterday... then sold at the end of the day because I was
worried about not being able to sell today or Friday (because of exactly
what's going on). Should have held I guess...
On 1/28/21 2:16 PM, Robert Andrews wrote:
I just realize too, someone probably probably shorted at $300 and is
making bank. Price has gone from over $400 to $232 and still falling...
On 01/28/2021 11:01 AM, Matt Hoppes wrote:
No. nothing illegal about meeting on a street corner and saying "hey
cool stock, here's the scoop, consider buying it".
On 1/28/21 1:45 PM, Steve Jones wrote:
So did these redditors break any law?
I assume it is them who will be targeted for enforcement
On Thu, Jan 28, 2021, 12:39 PM Matt Hoppes
<[email protected]
<mailto:[email protected]>> wrote:
Exactly.... the only one who makes out is the Shorter IF the
stock goes
down. If it goes up the shorter is massively in trouble.
now rinse and repeat this several times WITH THE SAME BLOCKS and you
have how we got to 140% shorted.
On 1/28/21 1:36 PM, Robert Andrews wrote:
> i.e. Caleb wants to screw _both_ Nathan and Jason ( who both
used to
> have $10 blocks ) Shorting is like playing the No Pass side in
Craps..
>
> On 01/28/2021 10:23 AM, Matt Hoppes wrote:
>>
>>
>>
>> Here’s a quick examination of what’s going on.
>>
>>> On Jan 28, 2021, at 12:31 PM, David Coudron
>>> <[email protected]
<mailto:[email protected]>> 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]
<mailto:[email protected]>> *On Behalf Of * Steve Jones
>>> *Sent:* Thursday, January 28, 2021 11:26 AM
>>> *To:* AnimalFarm Microwave Users Group <[email protected]
<mailto:[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?
>>>
>>> --
>>> AF mailing list
>>> [email protected] <mailto:[email protected]>
>>> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
>>
>>
>
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