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GameStop Stock up $71/share today. How?
NorthwestFresh
Member Posts: 7,972
Hoping a stock guru here can explain it. Why so much action on a dying retail shop?
I bought a bunch of Zoom early March last year and while the return has been excellent, it’s nothing like this anomaly.
I bought a bunch of Zoom early March last year and while the return has been excellent, it’s nothing like this anomaly.
Comments
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Trolls > Wolves
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Short sellers drove the stock down and then profiteers started buying like crazy.
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I suppose but isn’t there an functional SEC to protect the market over a great troll move. Nothing against the trolls, I like it, but it doesn’t exactly instill faith in shorts like this one where it’s a coordinated effort. George Soros does something similar, except he tanks currency and then profits massively.greenblood said:Trolls > Wolves
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Left has said he’ll no longer comment on GameStop because of the “angry mob” that’s formed against him and complained he’d “never seen such an exchange of ideas of people so angry about someone joining the other side of the trade.insinceredawg said:
Someone needs to send this guy an invite to the Tug for some perspective.
I honestly don't really understand this side of the market. To me, it's a game the rules for which are over my head. -
Yep. If it rises to the level of market manipulation, they could in theory get a call from the DOJ or SEC enforcement.NorthwestFresh said:
I suppose but isn’t there an functional SEC to protect the market over a great troll move. Nothing against the trolls, I like it, but it doesn’t exactly instill faith in shorts like this one where it’s a coordinated effort. George Soros does something similar, except he tanks currency and then profits massively.greenblood said:Trolls > Wolves
https://www.classlawgroup.com/securities-fraud/stock/market-manipulation/#:~:text=Market manipulation is illegal in,both securities and antitrust laws.&text=Securities laws and related SEC,unlawful to manipulate security prices. -
I'm being told AMC has a chance to do what GameStop just did.
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AMC, BB, and a few others that are heavily shorted. SI (short interest) isn't generally available in real time, but you can get a good idea.
Basically, a few hedgies got a little greedy and sold more shares than are available to buy back. That creates a massive issue when you only profit if the price goes down . The piper gets paid on Friday. Keep an eye on GME and don't be surprised if Melvin Capital is a memory this time next year. -
The market is manipulated dailyNorthwestFresh said:
I suppose but isn’t there an functional SEC to protect the market over a great troll move. Nothing against the trolls, I like it, but it doesn’t exactly instill faith in shorts like this one where it’s a coordinated effort. George Soros does something similar, except he tanks currency and then profits massively.greenblood said:Trolls > Wolves
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Nordstrom too?Sources said:AMC, BB, and a few others that are heavily shorted. SI (short interest) isn't generally available in real time, but you can get a good idea.
Basically, a few hedgies got a little greedy and sold more shares than are available to buy back. That creates a massive issue when you only profit if the price goes down . The piper gets paid on Friday. Keep an eye on GME and don't be surprised if Melvin Capital is a memory this time next year.
