[gamestop] so, fun fact: I actually bought into the GME stock last Friday. Only $25. By Wednesday I hit $100 and sold. Then, lo and behold, on Thursday, the whole thing got shut down, no one could buy more shares, and the stock tanked by like 30%. Honesty I’m pretty pleased w how it turned out for me!
kinda wish I’d gone for broke and invested a lot more and still sold on Weds, but frankly I’m just happy I made anything, and realized when I needed to tap out.
Reddit is fucking wild rn, GME is all anyone is talking about. I’ve seen people on r/wallstreetbets showing accounts like $10M in the fucking hole and they’re all still screaming HOLD THE LINE!!! it’s insane. these people are going to ruin their lives
Incredible that when hedge funds do SHIT EXACTLY LIKE THIS it’s business as usual, but when the poors play the same game they’re fanatic sociopaths or trolls and this can’t be tolerated we have to stop this at all costs noooo they can’t do that to us it’s so ethically wrong they’re doing this horrible thing oh noooo!
I do truly think the WSB people are in for a world of hurt and it won’t turn out as they hope, and in that sense this whole thing was a HORRIBLE idea. But at the same time, they have a very real and legitimate point that when the public does these things it’s seen as criminal and shut down with prejudice, but when it’s the rich it’s just business as usual
Imagine if it had gone to -$100 instead of positive? no thanks. I’m sure I could have made a lot more money if I’d just invested sooner, and put a huge chunk of change in there temporarily, like even something wild like $1000 and then sell it two days later
I use an investment app (have for years, it’s my only savings whatsoever) and I DO have money in an ETF (a bundle of stocks) that includes GameStop, and thats doing very well. GME only constitutes 6% of the ETF, so the value of the whole package is going up, but it GME tanks I won’t be hurt
smart. Like I said, I wish I’d just invested more to start. I’d have sold it at the same time, but I could have turned $250 into $1000, presumably. ah well
man, like ... the robinhood stuff is unfortunate, but their whole business model is selling the info that The Poors (TM) generate by using the app to rich people and hedge funds so .... I am unshocked that this is what is happening now LOL
Kᴀʏʟᴀ
: yeeeep, that’s exactly what I’ve been hearing about RH for the past 24 hours or so. People are incensed. I’m glad it’s not the investment app I use... at least to me Stash has been pretty good about how they have handled it. A third party shut down their ability to buy GME, and they’ve been putting educational stuff out about what’s going on
and you know, as much as hedge funds and the rich are eating shit right now, losing billions of dollars is just a blip to them. a blink. it’ll slide right off them in a few weeks and then they’ll just end up even richer than before. it sucks knowing that.
It’s nice to stick it to the man even a little bit, but it won’t last and WSB won’t truly damage them... all that’ll happen is much stricter regulations for the poors, making it even HARDER to invest. cant have the poors stealing OUR method of stealing their money
yeah ... it's one of those things where i agree more restrictions should be in place, but at the end of the day we all know who's going to get to exploit it anyway
yep. restrictions for thee but not for me, etc. They’ll pretend it’s to protect the whole market, but these rich fuckers will conduct business EXACTLY the fucking same with no changes whatsoever bc rules and laws literally do not apply to the rich
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